The hotel management contract is usually a long-term contract (about 10 years), which is extended for periods of several years (for example, 5 years periods), and which entails the compensation of the hotel manager, if the property owner decides to terminate it in advance.

The hotel management contract is usually a long-term contract (about 10 years), which is extended for periods of several years (for example, 5 years periods), and which entails the compensation of the hotel manager, if the property owner decides to terminate it in advance.