Coworking Management Contracts - Any Experience?
Hotels have often been management contracts between the actual property owner and then the operator that runs the business. They generally split the profit but it let's both sides operate within their realm of expertise. The property owner has the property for steady returns but shares some risk while the hotel operator focuses on marketing and daily operations while not worrying about being so conservative on their locations because they aren't on the hook for leases. It allows hotel operators to expand quickly and property owners to more confidently attract hotel operators to run their buildings.
Basically, these buildings are rarely ever empty so it's a win for property owners.
Has anyone had experience with a similar partnership between property owners and coworking operators?