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were here to talk about the subject of hotel management agreements and specifically what do owners need to see in a hotel management agreement to optimize the value of their asset and improve the chances of getting any development done there are a great number of hotel operating companies out there some of which have their own brand and some of which dont and its really important to choose the right partner and the the right type of operating agreement and the terms of the operating agreement agreements are only part of the decision-making process if youre an owner of a hotel and considering which operating structure to put in place or which operator to employ its vital to get the right advice both from a property perspective to ensure that the value of your asset is maximized and also from a legal perspective a bad management contract can have a seriously detrimental impact on the sale ability and the value of your hotel its a huge topic to discuss in five minutes so were goin