Operator Selection

ASKNS - KRINA HOSPITALITY, DEVELOPMENT & CONSULTANCY SERVICES

Hotel management and franchise agreements are drafted by operators. Contracts are rarely transparent and as such do not tend to benefit the project owner or investor. At KRINA HOSPITALITY CONSULTING SERVICES, our professionals will assist in mitigating any potential pitfalls whilst aiming for fair reciprocity, resulting in a higher capital value for your property.

Determine preferred model (franchise vs. management)
Set selection criteria( classification, positioning, brand, etc.)
Prepare Information Memorandum.
Evaluate expressions of interest.
Generate short list.

Share information memorandum
Evaluate heads of terms
Negotiate MoU
Sign MoU with preferred bidder.

Review HMA
Negotiate terms
Sign HMA