In the profit-sharing model, the property owner and the accommodation operator are on the same team. Learn about what the profit-sharing model is and why an increasing number of property owners are choosing Forenom to operate their accommodations for tenants.
Watch the video to hear Forenom’s profit share model for landlords and property owners.
Zemppi Areena is a entertainment, event, and sports center in Kempele, which also includes accommodation services. Established hotel operators hesitated to join the project because there were no existing hotels in Kempele. With courage being one of Forenom’s values, the company decided to participate in the venture using the revenue-sharing model, leading to the successful Forenom Aparthotel Kempele.
“In the profit-sharing model, the property owner and the accommodation operator have same interest.”
Jere Pihlajamäki, Area director Northern Finland, Forenom
What is the profit-sharing model?
In the profit-sharing model, the property owner and the accommodation operator work together. “Practically, this means that the property owner owns the property and furnishings, while Forenom operates it. Most of the profit goes to the property owner, who has invested more in the project. Forenom is responsible for sales and operations,” explains Jere Pihlajaniemi about the principle of the profit-sharing model. Both parties, the property owner and the operator, have an interest in making the property as attractive and functional as possible.
“The revenue-sharing model works well because it compels us to do our best to ensure the best possible customer experience. That’s also measured at Forenom,” reveals Martti Jokelainen from the property owner’s perspective.
Achieving the best possible customer experience requires both parties to invest in and continuously improve their operations. The property owner must maintain the property’s condition from their end, while Forenom takes care of the operation, including sales, cleaning, and attending to customers’ everyday needs, all of which play a significant role in the customer experience.
Effective collaboration
“The collaboration has worked so well that we are currently negotiating a new 10-year extension of our partnership. We have exceeded all our goals. Of course, we could put a bit more effort into attracting tourists here,” sums up Jokelainen, looking towards the future and the fulfillment of their objectives.
Brief overview of Aparthotel Kempele
The location features 52 fully equipped studios, accommodating multiple people. As the aparthotel is fully furnished, it is suitable for both short and extended stays. The majority of guests are corporate clients. Parking is available on-site, and the location is well-connected to transportation. Aparthotel Zemppi is located near a shopping center with extensive services.
Why choose Forenom?
Visit our website designed for property owners. If you’re interested in learning more about the revenue-sharing agreement, leave us your contact information, and we’ll get in touch with you.
Expanding your rental portfolio?
Are you interested in offering multiple apartments, an entire building, or exploring a potential cooperation project? Please get in touch!
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