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Hotel And Motel Purchase Agreements

Purchase Agreements
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PA12131 All Cash Purchase Agreement For 125 Room Garden Hotel

This form is a real estate purchase contract for the all cash acquisition of a full service hotel that is flagged with a national hospitality franchise. The agreement features an extensive list of defined terms, and provides for a 45 day review period during which the buyer conducts its due diligence for the purchase.

The seller is obligated to furnish extensive documentation for the hotel for the buyer's evaluation, including warranties and licenses, financial statements, tax statements, construction drawings, service contracts, governmental notices, and the like.

The buyer is planning to reflag the hotel following the closing with new franchise and management agreements with a different national hotel operator. The form also contains extensive representations and warranties by the seller concerning the property.

Number of Single Spaced Pages: 45

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PA12131

PA12119 All Cash Purchase Agreement For 500 Room Luxury Hotel And Spa

This form is a real estate purchase contract for the all cash acquisition of a luxury hotel and spa that is flagged with a national hospitality franchise. The agreement features an extensive list of defined terms, and provides for a due diligence review period lasting a specified number of days during which the buyer conducts its due diligence for the purchase.

The seller is obligated to furnish extensive documentation concerning the hotel for the buyer's evaluation, including warranties and licenses, financial statements, tax statements, construction drawings, service contracts, governmental notices, and the like.

The property is to be sold on a "as-is, where-is" basis. The form also contains extensive representations and warranties by the seller concerning the property, and more modest reps and warranties by the purchaser concerning the purchaser's organization, authority, and approvals to enter into the sale.

Number of Single Spaced Pages: 99

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PA12119

PA12123 All Cash Purchase Agreement For Luxury Hotel And Spa Located On Mixed Fee And Ground Leased Parcels

This form is a real estate purchase contract for the all cash acquisition of a luxury hotel and spa that is flagged with a national hospitality franchise. The agreement provides for a due diligence review period lasting a specified number of days during which the buyer conducts its due diligence for the purchase. The hotel is located on land owned by the seller, and on land that is ground leased to the seller. The purchaser is acquiring the fee parcel and taking an assignment of the ground leased parcel.

The seller is obligated to furnish extensive documentation concerning the hotel for the buyer's evaluation, including information concerning warranties and licenses, financial matters, taxes, construction drawings, service contracts, governmental notices, and the like.

The property is to be sold on a "as-is, where-is" basis. The form also contains extensive representations and warranties by the seller concerning the property.

Number of Single Spaced Pages: 84

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PA12123