Andrew Robins, Co-Chair of Akerman’s Hospitality Sector Team, will speak on a Strafford webinar titled “Negotiating Hotel Purchase and Sale Transactions: Key Legal Issues for Buyers and Sellers.” The webinar will discuss the critical legal issues in purchasing and selling a hotel property, considering the unique aspects of this asset class. The panelists will focus on seller representations and warranties, key contract provisions in the purchase and sale agreement, and retention or termination of the hotel management/franchise affiliation. They will also address the significance of the terms of the hotel management agreement.
The following key issues will be addressed:
- Why are seller representations and warranties so critical in purchasing a hotel property?
- What issues require focus and attention and need to be resolved in the purchase agreement?
- What are the unique issues involved in the purchase of hotel property to include in the purchase and sale agreement’s closing contingencies?
- What issues will the hotel management or franchise agreement address concerning the purchase and sale?