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gestión en management

English translation: third party managed

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09:24 Aug 9, 2011

Spanish to English translations [PRO]
Tourism & Travel / Hotels - Business

Spanish term or phrase: gestión en management

Ojo con el contexto. A table indicating "Distribución de los proyectos hoteleros en la ciudad según tipo de gestión aplicada." Three types: gestión propia; gestión en alquiler and (and here is my question) gestión en management.

I suspect the answer here is actually pretty simple, but because I don't get the concepts here... Im stuck.

Thanks. JRP

Justin Peterson KudoZ activity Questions: 70 (none open) (9 closed without grading) Answers: 34
Local time: 18:24

English translation:third party managed

Explanation:
See answer to last question.

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Note added at 13 mins (2011-08-09 09:38:17 GMT)
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or

under third party management

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Note added at 26 mins (2011-08-09 09:51:53 GMT)
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www.hospitalityworldnetwork.com › People › On the Move - Cached
6 Jul 2011 – So far this year, the company has added more than 100 hotels to its portfolio of third-party-managed properties, including its first ...

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Note added at 27 mins (2011-08-09 09:52:33 GMT)
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PS. I used to be in the hotel business.

Selected response from:

xxxFVS

Grading comment

Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +4

third party managed

xxxFVS

4 +1

Outsourced management

neilmac

4 +1

Management agreement

Carmen Gabás

Summary of reference entries provided
Management contract	patinba

Discussion entries: 4

Answers

16 mins confidence:

peer agreement (net): +1

Management agreement

Explanation:
When the hotel owner contracts an hotel group to manage their property

Reference: http://rezidor.com/cs/Satellite/Page/Rezidor/Page/defaultRez...

Carmen Gabás
United Kingdom
Local time: 17:24
Specializes in field
Native speaker of:

Spanish

7 mins confidence:

peer agreement (net): +4

third party managed

xxxFVS
Native speaker of:

English
PRO pts in category: 16

Grading comment

Selected automatically based on peer agreement.

7 hrs confidence:

peer agreement (net): +1

Outsourced management

Explanation:
Outsourcing or sub-servicing usually refers to the process of contracting to a third-party.

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Note added at 7 hrs (2011-08-09 16:43:43 GMT)
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Actually just a synonym of FVS's suggestion - I'm surprised nobody else has suggested it yet as it's so commonplace in this context.

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Note added at 7 hrs (2011-08-09 16:44:19 GMT)
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Maybe I should just have entered it as an agree to FVS...

neilmac
Spain
Local time: 18:24
Works in field
Native speaker of:

English
PRO pts in category: 57

Reference comments

4 hrs

Reference: Management contract

Reference information:
"A management contract is essentially an agreement between a hotel management company and a hotel property owner whereby the management company takes on the responsibility of
managing the hotel and its facilities. The owner, unless stipulatedotherwise, assumes a passive position with respect to operating decisions, while assuming responsibility for all working capital, operating expenses, and debt service. The
management company is paid a fee for its services and the owner receives the residual net
income after all expenses.
Unlike a property lease, the financial burden under a management contract is placed entirely on the owner, who enjoys the upside benefits of a successful property, but suffers the downside losses if the operation is not profitable"
Hotel Investments Handbook

patinba
Argentina
Specializes in field
Native speaker of:

English
PRO pts in category: 88

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English translation: third party managed

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English translation: third party managed

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