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we can only do leases as being regulated under and so called in German vast intact Ive seen over the years always been basically propaganda towards management contracts but I dont see that this is really the truth I dont even really see the trend going towards management agreement particularly on the on the continent there is of course capital which is chasing also management agreements but at the contrary now we are going to the US and doing lease agreements and and therefore I dont really see that there is a trend towards management Queens you have you differentiate through franchise thats thats and you can combine it with lease or management but in in principle yeah I think there is space for for everybody can I just add something on this because I mean I think Ive been involved with this since 87 and Im gonna start in the US and the interesting thing is its really helpful to get a historical first perspective because effectively management parties were invented by America
