The role of asset management companies in the domestic hotel chain business development

The authors analyse the definition of the asset management company and of fer their own interpretation of this category showing the role of the asset man agement companies in the hotel chains business development. For a more ac curate determination of the asset management companies degree of influence on the level of hotel chains business development the authors go in for a more detailed studying of the present day Russian asset management companies ac tivities. They define the companies functions as well as their influence on new hotel chains formation.