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The Zetas operate hotels in Acapulco and Yucatan, they run prostitution and people-trafficking rackets, they run an oil exportation business into the energy hub of Houston, Texas.
For one thing, hotels groups like Marriott International tend to operate hotels for local business people who develop the properties, so they are more insulated from real estate costs and risks.
Venture capitalists love the platform model, because it lets companies scale up with limited funds: Airbnb, for instance, was able to grow far more quickly as a matchmaker than if it had had to build and operate hotels.
Cheigh has zeroed in on shares of hotel companies that are rich in real estate, rather than those of management firms that merely operate hotels for others.
Both are businessmen who own and operate hotels.
A state Assembly proposal that would have made it a misdemeanor to operate hotels outside areas where they are allowed by zoning codes died in a legislative committee.
Similar(52)
In a court filing last week, lawyers for Expedia argued that because it did not own or operate hotel rooms, it could not be subject to the tax.
The agreement would allow PBL to own and operate hotel casino resorts in the former Portuguese colony, which is becoming a center of feverish casino development.
The Guild works by partnering with building owners to operate hotel accommodations in commercially-zoned or mixed-use buildings.
"We have operating hotels producing a cash flow.
MeriStar operates hotels and resorts in the United States, Canada, Puerto Rico and the Virgin Islands.
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CEO of Professional Science Editing for Scientists @ prosciediting.com