1. Additional issues may be appropriate under the circumstances of a particular deal. The following due diligence checklist is useful as a general list of items to investigate as part of an acquisition analysis, though the full range of questions will probably not be needed. I am often asked by clients for a due diligence checklist and tips for acquiring hotels. We are happy to provide to all our industry friends a FREE copy (upon registration) of our generic hotel acquisition checklist. �y�Tx"�@$��Y"����l)�"�? Both sides should do a … j:L��|�ӥѥ]���ta�2�o�r�f�0m� ���� 1�� ��{���X/���G���/d&��0�f�Ž A hotel checklist is a tool used by the hospitality industry to inspect and improve the quality of hotel amenities and services. A hotel due diligence and closing checklist for use in connection with the purchase of a hotel. Look on the right hand side of the home page and click on " … Always keeping the long-range project goals in mind, Paragon Hotel Company can assist at any point from the beginning of a project – such as the overall conceptualization and development of the project, as well as the implementation and execution of the development of the project, to the final stages of marketing and sales of its retail real estate components. Particularly in the context of a hotel acquisition, “due diligence” generally refers to the investigation conducted by a potential buyer of the hotel that is the target of the acquisition. The investigation covers both the physical asset (i.e. This Standard Document can be used to stay organized and keep track of the many documents involved in a typical hotel acquisition. The customized checklist helps us manage the acquisition or investment process, keep all the participants coordinated, and press forward to meet urgent milestones and deadlines. h޼�Y�\�q��J=J8}s��YixdC{l\�CKl�p����>߉[d7�IY�UY�7�ˉ�4�i;��NI��v�4өT��|j5뻜z��������)��B?��� .]. Through use of the checklist, we endeavor to identify all the people involved in the transaction (including the affected parties, advisors, and consultants) as well as all the major documents, tasks to be performed, and timing. By integrating both teams and creating a new, stronger one, your business will hopefully receive a boost. HVS Hotel management has developed a comphrensive takeover checklist that assures a smooth and uncomplicated transition. endstream endobj 129 0 obj <> endobj 130 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC]/XObject<>>>/Rotate 0/Type/Page>> endobj 131 0 obj <>stream Particularly in the context of a hotel acquisition, "due diligence" generally refers to the investigation conducted by a potential buyer of the hotel that is the target of the acquisition. Review if all procedures have been performed properly with the aid of a hotel checklist. The Hotel Acquisition Checklist is just one item in JMBM's HOW TO BUY A HOTEL Handbook. Checklists are a great way to keep track of things when a lot of work needs to be coordinated among a lot of people. View Checklist, register and download: Click here We are happy to provide to all our industry friends a FREE copy (upon registration) of our generic hotel acquisition checklist. General Info 800.419.4923 phone 866.928.7418 fax info@partneresi.com email. Cash Management: Examine whether cash on hand has historically met seasonal needs of the Target Some questions may need to be added for an industry-specific acquisition, while far fewer will be needed for an asset acquisition. Buying or selling any type of operating business can be complicated, but hotel purchases and sales carry with them a unique set of considerations. 204 0 obj <>stream We believe that a hotel checklist is truly important in all the areas of hotel management. [Read on to see how you can get your own free copy of our checklist . The Hotel Acquisition Checklist is now available at www.HotelLawyer.com. Acquisition and Procurement Planning Checklist PURPOSE This checklist outlines questions to consider throughout the electronics acquisition and procurement process. Every merger and acquisition is unique and there’s plenty of unexpected obstacles that can disrupt the process. Just like a checklist for a franchise agreement and other kinds of task checklists, a hotel checklist can also benefit all people who are involved in the processes where it will be highly-usable. Client Identification and Conflict Clearance a) What entity or persons will be clients? The investigation covers both the physical asset (i.e. many different names: hotel takeover, hotel transition, due diligence check-lists and various other names. So you have decided to purchase an existing business.Regardless of whether the deal is structured as an asset transaction, a stock transaction, or a merger, make sure you know what you are getting into by requiring detailed information from the seller regarding its business operations and finances.The following is a checklist of information and documents you should review. Intellectual Property. The answer to the scale-or-scope question affects a host of critical decisions. The Checklist is … Just keeping track of all the key people involved can be challenging in a fast-moving deal. h�bbd```b``��! Development. 177 0 obj <>/Filter/FlateDecode/ID[<59E26878063CD8150CC1D808DD1A248E><2B3743909E5EC941BB08C0F9B7B9129C>]/Index[128 77]/Info 127 0 R/Length 169/Prev 335468/Root 129 0 R/Size 205/Type/XRef/W[1 3 1]>>stream Importance of a Hotel Checklist. � ������#�����X�� |F� "��G Any potential antitrust issues as a result of the purchase. Until the free handbook is published (expected soon), you can access all the materials on this subject at www.HotelLawyer.com. In most parts of the globe today, hotels and resorts offer one of the most exciting and investment opportunities. Download the Hotel Acquisition Model – The Basic Model. A post-acquisition integration checklist is a document that you can keep on file during a merger or acquisition that details all of the steps you need to take to ensure that you integrate the two teams in the best way possible. Click the "Resource Center" tab and scroll down to the Checklist. In the event that a Franchise agreement is limiting the … This checklist must obviously be adapted as appropriate. buying a hotel is broken down into component parts for ease of understanding. Jim and his team have helped clients as business and legal advisors on more than $87 billion of hotel purchase, sale, financing, and other transactions, involving more than 3,900 properties all over the world. And that is why we've decided to make a mergers and acquisitions due diligence checklist for human resources teams going through the process. And because a hotel involves both special purpose real estate and an operating business, there are many details requiring attention to successfully evaluate and transfer the hotel. What is an Acquisition Due Diligence Checklist? Do Your Homework. To make this model accessible to everyone, it is offered on a “Pay What You’re Able” basis with no minimum (enter $0 if you’d like) or maximum (your support helps keep the content coming – similar real estate acquisition models sell for $100 – $300+ per license). Are there any change of ownership clauses the buyer should be aware of? A list of … !Ԉ�Ha3)0Dr�I��9`5� R)D��E��&��m�������!DZ�U��H�&��n`����7�U�I���a=a�ޓ6�I$��%&`X�e�����s� Yc � Is this an acquisition or a “merger of equals?” 1995-2020 Hospitality Net™ All rights reserved, Click here to see How JMBM's Global Hospitality Group® Can Help. Before we get started with the different areas of your organization you should include in your own list, make sure to download our due diligence checklist with the button below. The Hotel Acquisition Checklist is just one item in JMBM's HOW TO BUY A HOTEL Handbook. A hotel acquisition due diligence request list for use in the purchase of an existing hotel. Summary of pending or threatened litigation, claims, or law suits 10. Particularly in the context of a hotel acquisition, "due diligence" generally refers to the investigation conducted by a potential buyer of the hotel that is the target of the acquisition. ACQUISITION & INVESTMENT. By clicking the link below you view or download one of the generic forms of hotel acquisition checklist that we often use as a starting point in preparing a customized checklist for each unique transaction. Our generic form of hotel acquisition checklist has been developed over the years applying our extensive experience with more than $60 billion of hotel acquisitions and investments, involving more than 1,300 properties all over the world. Make a Payment Online Acquisition Integration Accounting Checklist cover over 110 integration tasks for synergy tracking, cash management, accounting policy variances, accounts receivable, and accounts payable. The name “hotel takeover” seems a little too harsh and does not exactly project a positive working environment, so for the purposes of this project the checklist will be referred to as a Hotel Transition Checklist. 8. Mitigate Risk with This Acquisition Due Diligence Checklist Before fully committing to a transaction, you must first prepare an acquisition due diligence report. �Q]�)����q��K�ڢQV:�m���c�h+.1�����:��h��kҴK,��&��ԱP�̛��]��|�>oLX�2ycL }گ����_��������_?~q��w�t������N�g[����n���ߗ��yyJZ������oo��g��E����'�e=����_������ӗ��ݳ�����O�L��D��n���ɣ�?���Ǐ���ѯ�����[K����_?���������7ǣ��T�On~�����?����Ϟ?�~�biU+�?�����]=xy��?Nc~6njw���觗Ϟ_���2�(ϼg ������~��?�y��鏿��Py���__����G/^>��W�?|�Ǜ__=��O?=�y�4#|���_~w��ե�՗?e��]��/Y���/�_���{�s�gq�^�~>ț�&>���;�&���韞=�+�Zݽo_-�9������Gz�攊9��Zn3���#��ˌ�˅�n�Q*�t�p2�^Nk�;|�����'Ϟ>��Hu��H_����ُd��`��>�a��=�?�uʇ�NoY�d�۫�]꧰K~?�ܖ;�}�ܩ�ة�mn����I�Df��'0ʭY��|���ḒWx�YƧ0�z�|45^3����b+o0X/�5I漃��to��,sB��u�V��׃?�׿����W���޼1���acB|ˬ�J�޶q���ǃ}t6�a��,�ѱ��V�9͓̥&}"k(7�\�=��Ʃ�W��2NU�X�{m�,ސ��K:�z����\�Y���M֞���橭S�E�7�{jY_Y�O�R�k�b-�,�~����: M�_��=��h'��$�'�r�}�qwkeM��\{�,�lZ���,;�J�Oa\n"�(�1GSۛI �s�loi�e��ܣ�H����e3�Sջ#�Z`��*��3�ۭ�j�*A����0eIRcD������� UD��P?�>�(�52�d��Q5W*g��"�u�u�0��.��+�E��\�6R0���n{W��������usR�$���m۩��A�g1G�O�{�Y�E���\�O4�9�,C3s��E����5�u�s���8a��*�Muj�j�^�z�D�,��g����3�;��h��R7����d��K�m%���̳Z�؅=����P���%]�h�.I5p�q.��M#K�o���٢rJQ/jQgn:*�(�~�:E�)����U������ �����K��y4.�fuY���w� �\t,���j����ؒR������S$-��1�ګ�ג��0�Z�%4O�U�%,R��|_{��em��@�S'��2f�3�Nm�,x{��ƀ��A���)�*:�e��'�+:��O�V��W�JΏD��6���;��[$�s�3G��o�ɢ^}jA�h,d�A� . The form includes a breakdown of which items are to be handled by (i) the lawyers, (ii) the purchaser, (iii) the vendor. Completion of this r�z3by���n�e�m�]���XgD���崊Vi�u�ޱ�N,(|nf]4��V��h��Z�o�R�=8A��^i�}��h���z��k�4ZU��jwU�V ��mg�B�~��E�x��Ҿ���q�UѴ��o]������uk��k=���r��!�5���N�V���Pmml�T�A��5k7 ���4�u�v���ۨ�6����h�0j�2�Pڜ��D��ޑ��}E�5��]�JE{P�z}��8��I{�s�-�Ehl�I��P}�;�_�����5�u�t���\Oz��6�IB[�Ú:�]:��6� �����C�c/ u�y��o��e�I�k~�F��]�IuG��t:{��P�~�/+f홾��S���n�Ԟ���[i,��`�4���X���2ǹ3'tFbt��8���Z�T�޼W� �] 7. Purchaser's Due Diligence and Closing Transaction Checklist for a Hotel Acquisition by Practical Law Real Estate A hotel due diligence and closing checklist for use in connection with the purchase of a hotel. Task Checklist 1 in all the materials on this subject at www.HotelLawyer.com antitrust issues as a of! 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