Look on the right hand side of the home page and click on "Buying & Selling a Hotel.". Are there any change of ownership clauses the buyer should be aware of? A hotel technology acquisition checklist By Larry Mogelonsky, Managing Director Hotel Mogel Consulting Limited | 28 Nov 17 Nowadays, hoteliers are so inundated with technology that the tasks of prioritization and selection have become far more than just daunting; research and procurement are practically a job title unto themselves. This Standard Document has integrated notes and important explanations regarding the types of business, operational, and legal (including real estate, intellectual property, and labor-related) due diligence that should be requested related to the acquisition of a hotel. Is this an acquisition or a “merger of equals?” Additional issues may be appropriate under the circumstances of a particular deal. The checklist lists the various issues that you should review with your legal and financial advisers before proceeding with the purchase of the hotel business. h�Y�\�q��J=J8}s��YixdC{l\�CKl�p����>߉[d7�IY�UY�7�ˉ�4�i;��NI��v�4өT��|j5뻜z��������)��B?��� General Info 800.419.4923 phone 866.928.7418 fax info@partneresi.com email. This Standard Document can be used to stay organized and keep track of the many documents involved in a typical hotel acquisition. endstream
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Intellectual Property. 1. 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� �] This Standard Document can be used to stay organized and keep track of the many documents involved in a typical hotel acquisition. The hospitality attorneys in the Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP comprise the premier hospitality practice in a full-service law firm, and the most experienced legal and advisory team in the industry. And that is why we've decided to make a mergers and acquisitions due diligence checklist for human resources teams going through the process. Client Identification and Conflict Clearance a) What entity or persons will be clients? Jim Butler is a founding partner of JMBM and one of the top hotel lawyers in the world. The Hotel Acquisition Checklist is now available at www.HotelLawyer.com. �g�]m 6-�R�/�Ӣ��c�p��J���S�x���j�e�S�b��^�M8�x��Kp���!�N�E���*X�H Δ0yh#`E �p�S�Y�j���yrh*oqfT081�T���"��x�6D���#�xD�r�Pt��>'�*y�Y[��mmi��)�p��7��a(�m=t� By identifying all the tasks, due dates and responsible persons, we smooth the process and avoid overlooking something important as everyone rushes toward the closing of the deal. 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. 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. 11. 8. %%EOF
Until the free handbook is published (expected soon), you can access all the materials on this subject at www.HotelLawyer.com. What’s the strategic rationale for the merger/ acquisition? Development. �
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Every merger and acquisition is unique and there’s plenty of unexpected obstacles that can disrupt the process. Is it to increase scale or expand scope and value proposition? A hotel checklist is a tool used by the hospitality industry to inspect and improve the quality of hotel amenities and services. 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. Our team of seasoned hotel lawyers has more than $87 billion in hotel transactions experience, involving more than 3,900 properties located around the globe providing one of the most extensive virtual data bases of market terms for deals and financings. That's why the hotel lawyers in JMBM's Global Hospitality Group® usually start every hotel acquisition or hotel investment transaction by customizing a generic form of checklist to fit the specific transaction at hand. The Hotel Acquisition Checklist is now available at www.HotelLawyer.com. Review if all procedures have been performed properly with the aid of a hotel checklist. . 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. Click the "Resource Center" tab and scroll down to the Checklist. Click here to see How JMBM's Global Hospitality Group® Can Help. 204 0 obj
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Both sides should do a … The Hotel Acquisition Checklist is just one item in JMBM's HOW TO BUY A HOTEL Handbook. b
���S�N�N�Vs�i�bxƘ��H��Z�9`��w What is an Acquisition Due Diligence Checklist? This checklist can assist you in planning and purchasing environmentally preferable electronic products and services. ��4��)6�o�A���v�z��"���UW5~�O�)#9V�}N�L�1q���o����sVq�W�,�a_�ڳ��_1��E���\E��P�b�=�����J�E 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. Form: Due Diligence Checklist for Acquisition of a Private Company Description: This is a comprehensive legal checklist to consider when reviewing the purchase of a privately held company. Completion of this By integrating both teams and creating a new, stronger one, your business will hopefully receive a boost. Perform daily inspections and keep hotel staff on track with the list of duties for each room and area of the establishment. [Read on to see how you can get your own free copy of our checklist . / Practice Areas / Hotel Acquisitions and Dispositions. j:L��|�ӥѥ]���ta�2�o�r�f�0m� ����
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��{���X/���G���/d&��0�f� The answer to the scale-or-scope question affects a host of critical decisions. How is compliance with government regulations insured? 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. You will want to view and thoroughly inspect all areas related to the hotel’s operational … I am often asked by clients for a due diligence checklist and tips for acquiring hotels. The checklist: PERFORM BRAND DUE DILIGENCE. The Handbook provides a detailed overview of the hotel acquisition process, a thorough due diligence checklist, and informative articles that address some of the most important questions that arise when buying or selling a hotel. Checklists are a great way to keep track of things when a lot of work needs to be coordinated among a lot of people. 177 0 obj
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