Management Agreement (MA)
Mantra Group manages your property on your behalf. We use our operating expertise to manage your property over the long term, to achieve operating efficiencies, service excellence and maximum profitability. You pay Mantra Group fees for providing these services.
Indicative Mantra Group Fees
|Brand Fee (range):
||1% to 2% of Gross Rooms Revenue
|Incentive Management Fee (range):
||6% to 10% of Gross Operating Profit
|Reservations & Group Services Fees:
||Subject to property size and attributes
Mantra Group will consider an earnings guarantee to owners in the start-up phase of the business, to ensure our interests are aligned.
A flexible term will be negotiated to ensure the agreement has the appropriate time to produce the best results. A 10 year term, plus performance based options is typical.
Management Agreements suit all sizes of properties, from boutique hotels to fully integrated resorts. Mantra Group applies this model to CBD and regional properties offering room stock in ‘one line’ or under a strata title structure.