Hotels have long been a major source of income for anyone that owns or operates them. That being said, they are also a major drain when it comes to the expenses needed to keep them running and operating properly. Recently, Zen Technologies, Inc., a wholly-owned subsidiary of The CHRON Organization, Inc. (OTC: CHRO), announced that it has entered into the first stage of a partnership agreement with three of the largest hotel franchisers in the nation led by Ameristar Hospitality Group, which is based in Houston. The partnership represents more than 300 hotels collectively owned between the three groups.
What is a Multiple Dwelling Unit?
When it comes to any term, it is always going to be best to first define it before trying to understand its impact. A multiple dwelling unit, put quite simply, is any building that houses more than one unit that is meant for private dwelling …