MY STEPMOTHER TRIED TO FORCE-FEED ME THE ONE FOOD I’M ALLERGIC TO—THEN SHE HAD SECURITY DRAG ME AWAY.
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Chapter 4 / 15
Chapter 4 - THE FEES
Daniel’s report was not a criminal indictment.
That mattered.
Parker Management Group performed real work.
Payroll.
Reservations.
Vendor management.
Maintenance.
Insurance administration.
Market-standard management fees for comparable hotels:
roughly 3% to 5% of gross revenue, depending on services.
Parker Management charged:
7%.
Then additional:
marketing administration,
procurement coordination,
technology support.
Effective total:
about 9.2%.
Over four years, the hotels had paid Parker Management approximately:
$6.8 million.
Daniel estimated fair market range:
$4.7 to $5.2 million.
Potential excess:
$1.6 to $2.1 million.
Not all automatically recoverable.
May you like
But enough to trigger Claire’s termination right.
Victoria had a reason to keep Claire away from the report.
