The marginal cost of bolting one more management contract or one more franchise onto an existing system is minimal; hotel companies can offer key money and still enjoy a profitable arrangement.”
<p><span class="p-body">The Tisch Center’s Sean Hennessy shared his perspectives in a recent <a href="https://hotelsmag.com/news/picking-the-lock-the-cruciality-of-key-money-in-hotel-deals/" target="_blank" title="Hotels magazine">Hotels </a>magazine look at the critical role that key money—a payment from hotel brands to owners to secure management or franchise agreements—plays in a hospitality landscape impacted by high interest rates and skyrocketing building costs.</span></p>
<p><span class="p-body"><a title="Read full article" href="https://hotelsmag.com/news/picking-the-lock-the-cruciality-of-key-money-in-hotel-deals/" target="_blank"><b>READ FULL ARTICLE</b></a></span></p>
