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This excerpt taken from the WYN 10-K filed Feb 27, 2009. Hotel
Management Services
As of December 31, 2008, our lodging business was providing
hotel management services to 34 properties associated with
either the Wyndham Hotels and Resorts brand or the CHI joint
venture. Our hotel management business offers owners of hotels
professional oversight and comprehensive operations support,
including hiring, training, purchasing, revenue management,
sales and marketing, food and beverage services and financial
analysis. Our management fee is generally based on a percentage
of each hotel’s gross revenue plus, in the majority of
properties, an incentive fee based on operating performance. The
terms of our management agreements vary based on the unique
nature of each agreement. In general, under our management
agreements, all operating and other expenses are paid by the
owner and we are reimbursed for our out-of-pocket expenses.
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Hotel
Management Services
As of December 31, 2007, our lodging business was providing
hotel management services to 32 properties associated with the
either the Wyndham Hotels and Resorts brand or the CHI joint
venture. Our hotel management business offers owners of hotels
professional oversight and comprehensive operations support,
including hiring, training, purchasing, revenue management,
sales and marketing, and food and beverage services; financial
management and analysis; and information systems management and
integration. Our management fee is generally based on a
percentage of each hotel’s gross revenue plus, in the
majority of properties, an incentive fee based on operating
performance. The terms of our management agreements are for
various periods and generally contain renewal options, subject
to certain termination rights. In general, under our management
agreements, all operating and other expenses are paid by the
owner and we are reimbursed for our out-of-pocket expenses.
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