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Read Management agreement

GET
/v1/object-types/hospitality.management_agreement/objects/{id}
curl --request GET \
  --url https://api.aerandil.com/v1/object-types/hospitality.management_agreement/objects/2489E9AD-2EE2-8E00-8EC9-32D5F69181C0 \
  --header 'Authorization: Bearer <token>'

Read an existing instance.

A hotel management agreement (HMA): one owner company engages the operator to run one or more properties. Carries the terms that make the relationship inspectable — fee schedule, delegation thresholds, and the two-prong performance test — but never computes a fee: computed amounts post as brand_operator_cost_entry rows (counterparty = operator) and the monthly owner_statement records what was reported. Field defaults calibrate from executed EDGAR-filed HMAs and the HVS contract surveys (synth/docs/archetype4-research.md).

Authorizations

Section titled “Authorizations”

Parameters

Section titled “Parameters”

Path Parameters

Section titled “Path Parameters”
id
required
string format: uuid

Object id (UUID v7, server-generated at create time).

Query Parameters

Section titled “Query Parameters”
branch
string format: uuid

Read through an open branch’s copy-on-first-write overlay view instead of the canonical (main) plane. Does not compose with as_of (422). The branch must exist under the caller’s tenant.

Responses

Section titled “Responses”

200

Section titled “200”

Object found.

Media typeapplication/json
object
created_at
required
string format: date-time
id
required
string format: uuid
object_type
required
Allowed value: hospitality.management_agreement
properties
required
object
accounting_fee_monthly
Management agreement accounting fee monthly

Centralised-accounting charge per month (Chatham disclosure: $1,200–1,500)

object
amount
required
string format: decimal
currency
required
string format: iso-4217
base_fee_pct_revenue
Base management fee as a fraction of total operating revenue (survey band 0.02–0.04, 0.03 the mode)
string format: decimal
budget_aggregate_flex_pct
Aggregate budget overspend ceiling without approval (Condor: 0.05)
string format: decimal
budget_line_flex_pct
Per-line-item overspend the operator may commit without approval (Condor: 0.10)
string format: decimal
capex_approval_threshold
Management agreement capex approval threshold

Spend above this needs owner approval (PHR: $25k contracts, $100k major renovations)

object
amount
required
string format: decimal
currency
required
string format: iso-4217
code
required
Agreement code
string
commenced_on
required
Commencement date
string format: date
contract_approval_threshold
Management agreement contract approval threshold

Contract value above this (or term > 1 year) needs owner approval

object
amount
required
string format: decimal
currency
required
string format: iso-4217
cure_window_months
Months the operator has to cure a performance failure
integer
external_ref
External ref
string
incentive_kind
required
Incentive-fee structure
string
Allowed values: pct_agop_over_priority pct_noi_attainment none
incentive_pct
Incentive fee fraction (of AGOP above priority, or of the attainment-scaled base — per incentive_kind)
string format: decimal
initial_term_years
required
Initial term (years; third-party norm 5–10, brand-manager 20+)
integer
name
required
Agreement name
string
noi_budget_floor_pct
Performance test prong 1: minimum actual/budgeted NOI (Strand & Condor: 0.90)
string format: decimal
owner_priority_return_pct
Owner's priority return hurdle as a fraction of investment (survey band 0.08–0.12); incentive_kind = pct_agop_over_priority only
string format: decimal
radius_miles
Area-of-protection radius — no competing managed hotel within it (Strand: 5; Condor: 3)
string format: decimal
revenue_management_fee_monthly
Management agreement revenue management fee monthly

Centralised revenue-management charge per month (Chatham disclosure: $1,000)

object
amount
required
string format: decimal
currency
required
string format: iso-4217
revpar_index_floor_pct
Performance test prong 2: minimum RevPAR index vs prior year (Strand: 1.00 per-hotel / 0.95 portfolio; Condor: 0.90)
string format: decimal
status
required
Lifecycle status
string
Allowed values: active terminated expired
terminated_on
Termination effective date
string format: date
termination_kind
Why the agreement ended
string
Allowed values: performance sale_of_property for_cause without_cause
termination_reason
Free-text termination note
string
provenance

Per-property source attribution and pins. An entry under properties means the property’s current value came from that source (on the source’s own clock, source_updated_at); an entry under pins is a human override protecting the property from sourced writes.

object
pins
object
key
additional properties
object
pinned_at
string format: date-time
pinned_by
object
reason
required
string
properties
object
key
additional properties
object
external_id
string
recorded_at
required
string format: date-time
source
required
string
source_updated_at
string format: date-time
stream
string
scope
required
One of: discriminator: level
object
level
required
string
Allowed value: tenant
Allowed values: tenant
tenant_id
required
string format: uuid
updated_at
required
string format: date-time
version
required
integer
>= 1
Example
{
  "object_type": "hospitality.management_agreement",
  "properties": {
    "incentive_kind": "pct_agop_over_priority",
    "status": "active",
    "termination_kind": "performance"
  },
  "scope": {
    "level": "tenant"
  }
}

Headers

Section titled “Headers”
ETag
string
/^"\d+"$/

Quoted strong validator (RFC 7232 §2.3) carrying the object’s monotonic version. Informational on the read path — object mutation goes through typed actions on /v1/actions/{action}/apply, not raw CRUD.

404

Section titled “404”

No object with that id (or soft-deleted).