Management Contracts

Fees are divided into three fundamental areas

1. The Base Management Fee is intended to cover our costs for providing basic services. This is usually a percentage of total revenues, or a minimum monthly amount, whichever is greater. The percentage ranges from 2% to 4%. There is also an initial implementation fee to setup the system for your hotel

2. The Incentive Management Fee ties our profitability to the results of our efforts. Once your financial goals for the hotel are understood and achievable results are agreed upon, we agree upon a fee which relates to these goals. The fee is usually related to gross operating profit and the percentage ranges between 8% and 15%.

3. The Monthly Marketing Fee covers the extensive marketing activities which Hospitalité Mayfair Management undertakes on behalf of your hotel and is based on 1.5% of turnover

 

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contact Jeffrey directly

Jeffrey Oduma

Founder & CEO

08062449857

jeff@mayfairhospitality.co.za

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