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1. Parties: Identification of the hotel owner(s) and operating partner(s), including full legal names and registration details
2. Background: Context of the partnership, including property details, purpose of the agreement, and relevant business objectives
3. Definitions: Detailed definitions of key terms used throughout the agreement, including technical hospitality industry terms
4. Term and Renewal: Duration of the partnership agreement and conditions for renewal or extension
5. Partnership Structure: Legal structure of the partnership, ownership percentages, and capital contributions
6. Management and Control: Governance structure, decision-making processes, and voting rights
7. Operational Responsibilities: Detailed breakdown of each party's operational duties and responsibilities
8. Brand Standards: Requirements for maintaining specific hotel standards and brand compliance
9. Financial Arrangements: Revenue sharing, profit distribution, expenses allocation, and financial reporting requirements
10. Staff and Employment: Employment policies, staffing requirements, and HR responsibilities
11. Maintenance and FF&E: Responsibilities for property maintenance and furniture, fixtures, and equipment
12. Insurance and Liability: Required insurance coverage and allocation of liabilities between parties
13. Intellectual Property: Usage rights for brands, trademarks, and other intellectual property
14. Termination: Grounds for termination, notice requirements, and consequences of termination
15. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
16. General Provisions: Standard legal provisions including notices, amendments, and severability
1. International Operations: Additional provisions for international hotel chains or cross-border operations
2. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles if required
3. Development and Construction: Include if the partnership involves new hotel development or significant renovations
4. Food and Beverage Operations: Detailed provisions for F&B outlets if significant to the partnership
5. Marketing and Promotion: Specific marketing responsibilities and cost sharing if not covered in main operational sections
6. Environmental Compliance: Special provisions for green initiatives or environmental certifications
7. Casino/Gaming Operations: Special provisions if gaming facilities are included (where legally permitted)
8. Spa and Wellness Services: Specific provisions for spa operations if applicable
9. Force Majeure: Extended provisions for force majeure events specific to the hospitality industry
1. Property Details: Detailed description of the hotel property, including floor plans and facilities
2. Financial Terms: Detailed breakdown of financial arrangements, fees, and payment structures
3. Operating Standards: Specific operating procedures and brand standards
4. FF&E Inventory: Complete inventory of furniture, fixtures, and equipment
5. Key Performance Indicators: Agreed performance metrics and targets
6. Insurance Requirements: Detailed insurance coverage requirements and minimum limits
7. Employee Handbook: Standard operating procedures for staff and employment policies
8. Brand Standards Manual: Detailed brand compliance requirements and guidelines
9. Service Level Agreements: Specific service standards and performance metrics
10. Initial Business Plan: Agreed business plan for the first operational period
11. Competitive Set: List of competing hotels for performance comparison
12. Required Licenses: List of required permits and licenses for hotel operation
Hospitality
Real Estate
Tourism
Food and Beverage
Entertainment
Property Development
Asset Management
Investment
Retail
Events and Conferences
Legal
Operations
Finance
Development
Asset Management
Compliance
Commercial
Property Management
Investment
Human Resources
Brand Management
Risk Management
Chief Executive Officer
Chief Operating Officer
Hotel General Manager
Legal Counsel
Chief Financial Officer
Development Director
Asset Manager
Operations Director
Investment Manager
Property Manager
Compliance Officer
Commercial Director
Hotel Owner
Managing Partner
Real Estate Director
Brand Manager
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