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1. Parties: Identification of the seller and purchaser, including complete legal names and addresses
2. Background: Context of the transaction, including brief description of the property and purpose of the agreement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Purchase and Sale: Core agreement to purchase and sell the hotel property and business
5. Purchase Price and Payment Terms: Detailed breakdown of purchase price, deposit requirements, and payment structure
6. Due Diligence: Buyer's investigation rights, including property inspection, financial review, and document examination
7. Representations and Warranties: Seller's and buyer's statements regarding their capacity, authority, and material facts about the property and business
8. Title and Survey: Requirements for clear title, permitted encumbrances, and survey conditions
9. Operations Prior to Closing: Seller's obligations regarding hotel operation between agreement signing and closing
10. Employees: Treatment of existing employees and related liabilities
11. Closing Conditions: Conditions that must be met before the transaction can close
12. Closing Procedures: Specific requirements for closing, including deliverables and timing
13. Post-Closing Obligations: Ongoing obligations after closing, including transition services
14. Default and Remedies: Consequences of breach and available remedies
15. General Provisions: Standard contract provisions including notices, governing law, and interpretation
1. Franchise Agreement: Required when the hotel operates under a franchise agreement that needs to be transferred or terminated
2. Environmental Matters: Detailed section needed when environmental issues are identified or specific environmental representations are required
3. Property Improvement Plan: Required when the purchase includes mandatory renovation or improvement requirements
4. Management Agreement: Needed when there's an existing management company or new management arrangement
5. Liquor License: Required when the hotel includes food and beverage operations with liquor licenses
6. Financing Contingency: Include when the purchase is contingent on buyer obtaining specific financing
7. Asset Allocation: Detailed allocation of purchase price among various asset categories for tax purposes
8. International Provisions: Required for cross-border transactions involving international parties
1. Schedule A - Property Description: Legal description of the real property and list of included parcels
2. Schedule B - Personal Property Inventory: Detailed list of furniture, fixtures, and equipment included in the sale
3. Schedule C - Contracts and Leases: List of all contracts, leases, and agreements to be assumed by buyer
4. Schedule D - Employees: List of current employees, positions, and compensation details
5. Schedule E - Permits and Licenses: Inventory of all operational permits and licenses
6. Schedule F - Environmental Reports: List of environmental studies, reports, and known issues
7. Schedule G - Property Improvement Requirements: Detailed list of required renovations or improvements
8. Schedule H - Excluded Assets: List of assets specifically excluded from the sale
9. Schedule I - Allocation of Purchase Price: Breakdown of purchase price allocation among asset categories
10. Schedule J - Due Diligence Documents: List of required due diligence materials to be provided by seller
Hospitality
Real Estate
Tourism
Commercial Property
Hotel Management
Food and Beverage
Entertainment
Property Development
Asset Management
Professional Services
Legal
Real Estate
Mergers and Acquisitions
Property Development
Asset Management
Operations
Finance
Compliance
Due Diligence
Corporate Development
Hotel Owner
Real Estate Developer
Property Manager
Hotel General Manager
Chief Executive Officer
Chief Financial Officer
Asset Manager
Investment Director
Real Estate Attorney
Commercial Property Lawyer
Hotel Operations Director
Acquisition Manager
Development Director
Hospitality Consultant
Due Diligence Manager
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