Horst Schulze
👤 SpeakerAppearances Over Time
Podcast Appearances
None of my hotels are open San Francisco.
Union was picking us for three years, but it never became Union.
But we insisted we wouldn't have written a contract anymore unless you signed 50 years.
I get a percentage of sales.
I make off sales.
If you own the hotel and the sales 100 million, I get 3 million.
And you may be losing money to operations.
Yes, in a way, yes.
But I also have an incentive after you make that service, I am sharing 10% of whatever in the profit after.
So I have an incentive to make a profit.
Well, I get an incentive on anything over a certain profit.
Yeah, but at the same time, I drive sales up, which I get my 3% on the sales.
I drive the rate up.
I drive the income up.
And of course, I drive the profit up and the profit.
Now, there is an exit clause for you, the owner.
That means we established in the beginning, who would be my competition?
Who are the three best hotels in town?