Management contract, A global hotel brand manages a hotel but does not own the building., Sole proprietorship, A family owns and operates a small guesthouse., REIT / Real Estate Investment Ownership, Investors own hotel buildings and lease them to operators., Partnership, Two chefs open a restaurant together sharing profits and losses., Corporation , A hotel is owned by thousands of shareholders and managed by a board of directors., Franchise, An entrepreneur buys the right to open a restaurant using an international brand name and business system., Corporation (limited liability company structure), Several investors create a company where each owns shares but has limited personal liability., Property ownership + management contracts, A property company owns multiple hotels but contracts different brands to manage each of them., Franchise expansion model, A hospitality company expands internationally by selling operating rights to local business owners who must follow brand standards..

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