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Selection of a Condo- Hotel Management Company

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Hostmark Hospitality Group Case Study 39 unit condo-hotel Seasonal resort market Developer owned common areas Management Company owned desk Operating Agreement between Condo Association and Management Company Agreement structured by Developer

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Hostmark Hospitality Group Case Study Management Issues Advance Deposits Sales & Marketing Ownership Accounting Unit Rotation Communication (Transparency) Self-serving agreements entered into by Management Company

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Hostmark Hospitality Group Case Study HOA terminates Management Company HOA assumes desk operations HOA operates 9-10 months HOA files lawsuit against Management Company Developer caught between HOA and Management Company

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Hostmark Hospitality Group Case Study HHG retained as Operator Structured agreement to address issues Transparent Management Style Alignment of Expectations

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Condo-Hotel Management Case Study Management Replacement

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