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1. Parties: Identification of the seller and purchaser, including registration details for companies
2. Background: Context of the transaction, description of the hotel property and business
3. Definitions: Defined terms including Property, Business, Transfer Date, Effective Date, Assets, etc.
4. Sale: Core agreement to sell the hotel property and business as a going concern
5. Purchase Price: Purchase consideration, payment terms, deposits, and adjustments
6. Conditions Precedent: Required approvals, due diligence, financing conditions
7. Transfer and Registration: Process and obligations for property transfer and registration
8. Assets and Inventory: Transfer of furniture, equipment, supplies, and inventory
9. Employees: Transfer of employees and related obligations under Section 197 of LRA
10. Existing Bookings: Treatment of advance bookings, deposits, and customer contracts
11. Warranties and Representations: Seller's warranties regarding property, business, and compliance
12. Risk and Possession: Transfer of risk, possession, and interim management period
13. Compliance and Licenses: Transfer of permits, licenses, and compliance obligations
14. Breach and Termination: Consequences of breach and termination rights
15. General Provisions: Standard legal provisions including notices, governing law, etc.
1. Franchise Agreement: Required if the hotel operates under a franchise brand
2. Management Contract: Required if there's an existing or new hotel management agreement
3. Environmental Matters: Required for properties with environmental concerns or coastal properties
4. Development Rights: Required if the property includes undeveloped land or development potential
5. Third Party Leases: Required if the hotel includes retail or restaurant spaces leased to third parties
6. Intellectual Property: Required if hotel-specific IP assets are included in the sale
7. Financing Provisions: Required if seller provides financing or specific funding arrangements exist
1. Property Description: Detailed description of land, buildings, and registered title deed
2. Asset Inventory: Detailed list of furniture, fixtures, and equipment included in sale
3. Employee Information: List of employees, positions, and employment terms
4. Contracts and Agreements: List of operational contracts, service agreements, and vendor relationships
5. Licenses and Permits: Schedule of all operational licenses, permits, and certificates
6. Financial Statements: Recent financial statements and operating performance metrics
7. Booking Schedule: List of advance bookings, deposits, and customer contracts
8. Insurance Schedule: Details of existing insurance policies and claims history
9. Property Plans: Building plans, architectural drawings, and site plans
10. Due Diligence Findings: Summary of due diligence results and identified issues
Affiliates
Approved Reservations
Assets
Business
Business Day
Closing
Closing Date
Completion Date
Conditions Precedent
Contracts
Deposit
Due Diligence Period
Effective Date
Employees
Encumbrances
Environmental Laws
Excluded Assets
Existing Bookings
FF&E
Fixtures and Fittings
Governmental Authority
Guest Data
Hotel
Hotel Contracts
Hotel Licenses
Improvements
Inventory
Land
Liabilities
License Agreement
Material Adverse Effect
Operating Equipment
Parties
Permits
Property
Purchase Price
Purchaser
Registry
Seller
Signature Date
Staff
Tax
Title Deed
Trade Name
Transfer Date
Transfer Duty
Warranties
Working Capital
Purchase Price
Payment Terms
Property Transfer
Due Diligence
Conditions Precedent
Assets Transfer
Inventory
Employee Transfer
Existing Bookings
Warranties and Representations
Title Guarantee
Risk and Insurance
Licenses and Permits
Regulatory Compliance
Environmental Compliance
Health and Safety
Intellectual Property
Confidentiality
Data Protection
Assignment
Force Majeure
Termination
Breach
Dispute Resolution
Governing Law
Notices
Costs
Transfer Duty
VAT
Business Continuity
Customer Contracts
Supplier Contracts
Property Management
Brand Standards
Indemnification
Post-Closing Obligations
Interim Management
Competition Law
Exchange Control
Hospitality
Real Estate
Tourism
Property Development
Hotel Management
Food and Beverage
Commercial Property
Leisure and Entertainment
Legal
Real Estate
Operations
Finance
Compliance
Property Development
Acquisitions
Asset Management
Commercial
Risk Management
CEO
Managing Director
Hotel Owner
Property Developer
Real Estate Director
Hotel Manager
Operations Director
Legal Counsel
Commercial Director
Investment Manager
Asset Manager
Property Manager
Acquisitions Manager
Development Director
Finance Director
Compliance Officer
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