QUESTION 4 A PIP (Product Improvement Plan) is used A Are revenue management techniques used to increase revenue B Are mandated renovations and refurbishments by a management company C Are the plans used by the owner to compare to the comp set D Are mandated renovations and refurbishments by a brand or Franchisor 10 points QUESTION 5 In regards to CapEx, the primary role of the owner is to make sure there is a delineation of investment strategy and that is is properly communicated to the asset manager and operator True False

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Question: QUESTION 4 A PIP (Product Improvement Plan) is used: A. Are revenue management techniques used to increase revenue. B. Are mandated renovations and refurbishments by

QUESTION 4

A PIP (Product Improvement Plan) is used:

Are revenue management techniques used to increase revenue.

Are mandated renovations and refurbishments by a management company.

Are the plans used by the owner to compare to the comp set.

Are mandated renovations and refurbishments by a brand or Franchisor

10 points

QUESTION 5

In regards to CapEx, the primary role of the owner is to make sure there is a delineation of investment strategy and that is is properly communicated to the asset manager and operator.

True

False

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