Hotel Management Pricing

[Corey Meyer]

Does anyone know a typical structure of a 3rd party management company for a small hotel? Do they typically take a commission of revenue?

What about cleaning fees? I am more familiar with short term rentals and understand commission of revenue is normal and the cleaning fee is typically passed on to the guest. In hotels is it typically different?

If we keep in house management of the hotel, what kind of structure would that look like? One member of the real estate team would manage a local team.

Thanks,

Corey