Course Description
The course will review common legal and documentation approaches for acquisitions/sales of individual hotels, portfolios, and hotel companies. Attention will be given to the full range of due diligence, sale agreement (both company and asset purchase) and financing issues. The course will also cover typical underlying commercial documentation (management agreements, franchise agreements) and corporate documentation (joint ventures, shareholder agreements) which are unique to the industry.
Principles
- Asset v. Company Sales
- Ownership Structures
- Management Agreements
- Franchise Agreements
Syllabus
- Asset v. Company Sales
- Due Diligence
- Reps & Warranties
- Key PSA Clauses
- Financing
- Ownership Structures
- Limited Companies
- Corporations
- Joint Ventures
- REITs
- Funds
- Management Agreements
- Franchise Agreements