Park Hotels & Resorts (FRA:HIP) Management Fees (USD Mil) : 0.00 (As of . 20)

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What is Park Hotels & Resorts Management Fees (USD Mil)?

Management Fees (USD Mil) of hospitality usually include the salary of managers. A lower management fee is better.

The historical rank and industry rank for Park Hotels & Resorts's Management Fees (USD Mil) or its related term are showing as below:

FRA:HIP's Management Fees (USD Mil) is not ranked ^*
in the REITs industry.
Industry Median:
* Ranked among companies with meaningful Management Fees (USD Mil) only.

Park Hotels & Resorts Management Fees (USD Mil) Historical Data

The historical data trend for Park Hotels & Resorts's Management Fees (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Park Hotels & Resorts Management Fees (USD Mil) Chart

Park Hotels & Resorts (FRA:HIP) Management Fees (USD Mil) Explanation

Management Fees (USD Mil) are one of the major costs for hospitality businesses.

Base management fees should be set so that they compensate managers for their cost of doing business, including overhead and base salaries. This is compensation for showing up to work and thus, should not be a source of profit for management companies as it generally is now. Usually, base management fees are approximately 1.0% to 2.0% of total revenue for most hotels, depending on size, or a duly considered flat fee.

Since it is a cost, a lower management fee is better. However, we also need to measure its effectiveness. Management’s effectiveness is evidenced by two primary results: the ability to generate an appropriate share of top line revenue within the relevant competitive market (in other words, to produce the highest possible level of Revenue per Available Room (USD)); and to convert that revenue into as much sustainable cash flow available to the owner (net operating income, or NOI) as possible.

Park Hotels & Resorts Management Fees (USD Mil) Related Terms

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Park Hotels & Resorts (FRA:HIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (FRA:HIP) » Definitions » Management Fees (USD Mil)

Comparable Companies

Traded in Other Exchanges

PK:USA HIP:Germany

Address

1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102

Website

https://www.pkhotelsandresorts.com

Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

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