Hotel Management
In an article published by Hotel Management magazine on March 30, 2016, Scott M. Ratchick and Scott A. Augustine discuss 10 rules to remember when considering the purchase or sale of a franchised hotel. The article describes the importance of adequate research to “know what you are buying,” understanding things like the financial conditions of the property and terms of the agreement, and being prepared for things like unusual charges and planning to maximize franchisor services from the beginning. Ratchick and Augustine emphasize the importance of good organization and research to facilitate a better understanding of the franchise agreement and ease the process of buying or selling a franchise.