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Different management options are available for hotel operation, including self-management, third-party management, franchise, and management contract, each with its pros and cons.

To calculate the leasehold annual valuation, various formulas are available, including percentage of gross turnover, rent per available room, market rent, and NOI multiplier. However, the choice of formula depends on the specific property and lease agreement. It is advised to consult with a real estate professional or valuer for the best formula.