Selling a Business
Alexandra R. Cole
Purchasing a hotel or resort property is much more like buying an ongoing business than buying a commercial real estate property. This is why a hospitality property is often referred to as a “business in a box.” In addition to the normma real estate due diligence issues, the purchase contract must include provisions that are comparabbl to those found in the purchase contract for a manufacturing plant. This article will not examine the entire list of representations, warranties, and due diligence...