- Forum: General Chat
Most hotel companies like Starwood, Hilton, Reidor, Choice, BestWestern etc. are franchise businesses, where they own the prop.co and then do a leaseback to the op.co. The op.co is owned by the franchisees, who then pays franchise fees to the hotel company as well. So even though the franchisees are competing amongst each other the mother company makes $$$$$ no matter what.