Travel
Choice Paid $24 Million to Walk Away From Buying Spain’s Sercotel
Choice earns a cut of its franchisees’ room sales. Buying Sercotel would have left it owing rent even when bookings slowed.
Advertisement
Topic
hotel deals
Travel
Marriott’s Fees Jump 14% as Hotel Owners Seek a Bigger Cut
Marriott said that its talks with hotel owners who want a bigger cut of the pie have been "constructive." It's easier for everyone to stay polite about the fee math when profit growth has revived significantly.