A hotel management agreement is a legal agreement between the owner of a hotel property and the management company that sets terms for management. Management Agreement. compensation.Hotel Management Agreements. Owner appoints Agent to exclusively manage the property located at 2139. Randolph Street, Bolton, MA 01740 (the "Premises"). The hotel manager agrees not to provide services to any competing business within a specified radius of the hotel. Handling paperwork with our comprehensive and intuitive PDF editor is simple. These agreements are legal contracts and require management companies to provide reports and to bookkeep a certain way.