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LLC,
a division of Omni Hotels, for operation of the hotel. ARMI also
holds
the franchise agreement with
Hilton Hotels
Corporation for the hotel's use of the Hilton logo, registration
system and guest amenities.
Upon purchase,
each owners signs an agency agreement with ARMI to enable management
of the hotel.
ARMI and the
MIOA are governed by separate Boards of Directors. The organization
also includes an
Advisory Board
to address owner concerns and to facilitate participation by owners
in the operation of ARMI
and the MIOA.
Owners are also eligible for participation on the Advisory Board
as well as the Boards of
Directors of ARMI
and the MIOA.
The owners meet three times each year at the hotel with representatives
of ARMI to facilitate material
participation by owners. The material participation meetings feature
meetings with hotel staff and Board
members. They also include social opportunities and the opportunity
to meet in small groups to learn about
and provide input to hotel operations.
- Unit
owners get a fee simple deed
- Unit owners
share in rent and other revenues
- Unit owners
share maintenance and operating costs
- Unit owners
receive preferred room rates
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