Which type of hotel is typically owned by a company that operates multiple properties?

The type of hotel that is typically owned by a company that operates multiple properties is corporate hotels. These hotels are often part of a larger chain or brand, which allows for centralized management, standardized operations, and uniform branding across different locations. Corporate hotels are significant players in the market because they leverage economies of scale and extensive marketing resources, enabling them to maintain consistent levels of quality and service.

In contrast, franchises are individual hotels operated under the brand of a larger chain but owned by independent entities. Asset management refers to the strategic management of hotel investments and does not specifically denote ownership of multiple properties. Independent hotels, on the other hand, are standalone and not part of a larger corporate structure, meaning they lack the same level of centralized management as corporate hotels.