Common Contracts
1 similar null contracts
Restaurant License & Consulting Agreements with Celebrity Chef Companies for Restaurants in HotelsDecember 28th, 2017
Over the past decade, many hotel owners and management companies have looked to independent restaurant concepts—often associated with celebrity chefs—to increase revenue and enhance hotels’ images and guests’ experiences. One way to do this is to lease space to a celebrity chef’s company (a “ChefCo”) and allow the ChefCo to operate the restaurant independently. A similar approach is for the hotel owner to enter into a management agreement with the ChefCo— separate from the management agreement with a hotel management company for the rest of the hotel. A third approach is for the hotel management company to subcontract management of the restaurant to the ChefCo. Under each of these alternatives, the ChefCo operates the restaurant, whether or not it owns it.
