With the advent of dedicated hotel real estate owners, many hotel brands shifted their business model to the asset-light model, in which they do not own the property but franchise the hotel.
Third-party managers shape the future of the luxury hotel industry
As parent companies shift from asset-light to management-light, franchising goes high-end
By Jan Freitag
CoStar Analytics
March 14, 2025 | 3:39 P.M.
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