fable

Chapter 13 - THE NEW MANAGER

Three companies made final presentations.

Parker Management was one.

It knew the hotels best.

Its revised fee was competitive.

But another firm, NorthBridge Hospitality, offered:

4.6% base management fee,

centralized purchasing savings,

stronger audit rights,

and no related-party conflict.

Claire voted NorthBridge.

Thomas agreed.

Victoria voted Parker Management.

2-1.

Parker Management lost the contract.

Not because of the shrimp.

Because the independent bid was better.

Victoria still owned 28% of Parker Properties.

She continued receiving distributions.

She did not become poor.

May you like

She lost control.

That was more realistic.

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