Originally Posted by rahmanbar
My bad.
My intention was to post that it was owned by (old name) Host Marriott; managed by Hyatt as an example two (essentially) competing entities collaborating.
(As an outsider I tend to think of Host & Marriott Intl. collectively as "Marriott".)
BTW, for my edification - regarding ..."however the hotel is not a franchise...it is still run by Hyatt." begs a question.
If "X" Hotel Corp. owns a property that's flagged as a Marriott FS and Marriott Intl. is managing it, if "franchise" is not correct insofar as describing the property what terminology would be correct?
I kind of chuckled when I saw your comment about viewing HMT & MI as the same...for many years after MI was spun off from HMT it was viewed that way internally too however the need came on both sides for more distance...Bill resigned from HMT's board and Richard resigned from MI's board, HMT was renamed etc....much has happened over the past 5-6 years during which time Host has expanded their portfolio to include many other brands so while they share the same heritage they are vastly different companies today
For many years hotels have typically been investments for organizations, these organizations hire professional management companies to run them. They can choose to hire the brand as their operator or they can hire a franchise company...just because Host Marriott owns NY Marquis doesn't make it a franchised hotel-Marriott International does run the building, they have been hired to do so and will do as they best see fit, it is only considered a franchise should someone other than the brand run it, ie. Interstate Hotels is a very large hotel company but they are not a brand, the Marriott Hiltons Doubletrees etc Interstate runs are franchises...as a side note: I haven't seen the latest on this stat but MI typically owns less than 10 hotels in a given year (the family owns more than the company does) but manages quite a few (I know both stats are in the annual report but sorry I'm too tired to go look it up tonight)
Managed by the brand (Marriott, Hilton, Hyatt etc) = corporate run
Managed by someone other than the brand (Interstate, Davidson, Columbia Sussex etc) = franchise