Negotiating Purchases in the Hospitality and Lodging Industry - The Over-arching Issues You Need to Know (Paperback)

This 10-page Executive Report written for lawyers and buyers in the hospitality and lodging industry pinpoints specific types of seller liabilities that a buyer should be aware of when negotiating the purchase of a hotel business. A leading lawyer in real estate acquisitions, the author guides the buyer from disclosure to acquisition with an emphasis on uncovering what the seller may still owe and what the buyer might be unknowingly responsible for upon a purchase. Provided with the knowledge to utilize agreements strategically and the right hospitality lawyer to guide the buyer through acquiring, financing, and operating a hotel, buyers can limit their exposure and protect themselves against unexpected liabilities. Other topics include the Agreement of Purchase and Sale, union or collective bargaining agreements, document clauses, taxes, contracts, trade payables, employees, and financial protection. This Executive Report is written by: Mark L. Morris, Chair, Real Estate De