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im randy efron from sky lattice property capital and this episode is part two of the hotel management agreement series lets continue talking about what makes a hotel management agreement a smart agreement first im going to talk about accountability and performance a smart management agreement should contain a requirement for the hotel management company to provide reports to the owner of the hotel at predetermined time periods when i was asked at managing hotels i had a requirement that the manager provide written reports to me every month those reports included an income statement that showed monthly and year-to-date numbers versus budget and reforecast it also included a smith travel research report a general manager commentary group pace reports banquet pace reports food and beverage statistics a segmentation report and capital expenditures among other things if youre not familiar with the terminology smith travel research pace reports or segmentation feel free to shoot me an em