Hotel Purchase Agreement Template for Saudi Arabia

1. Shariah Compliance: Required if any aspect of the transaction involves Islamic financing or if parties require explicit Shariah compliance

2. Foreign Investment Provisions: Required if the buyer is a foreign entity, addressing SAGIA requirements and foreign ownership restrictions

3. Brand and Management: Required if the hotel operates under a brand with a management agreement that will continue post-completion

4. Environmental Matters: Required if there are specific environmental concerns or requirements for the property

5. Development Obligations: Required if the property includes undeveloped land or requires significant renovation

6. Tax Structure: Required if special tax arrangements or structures are part of the transaction

7. Earn-out Provisions: Required if part of the purchase price is contingent on future performance

8. Competition Compliance: Required if the transaction requires competition authority approval

1. Property Description: Detailed legal and technical description of the land and buildings

2. Asset Inventory: Comprehensive list of FF&E, operating equipment, and other movable assets

3. Employees: List of employees, positions, and employment terms

4. Contracts: Schedule of all operational contracts and agreements

5. Intellectual Property: Details of all IP rights associated with the hotel

6. Financial Statements: Historical financial information and current financial position

7. Completion Requirements: Detailed list of documents and actions required for completion

8. Seller's Warranties: Detailed warranties and any disclosed exceptions

9. Property Title Documents: Copies of title deeds and related property documentation

10. Permits and Licenses: List of all operational permits and licenses

11. Form of Transfer Instruments: Pro forma transfer documents required under Saudi law

12. Environmental Reports: Environmental surveys and compliance reports