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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