Complex Issues in the Sale of a “Business in a Box”
Probate and Property, March/April 2004, Volume 18, Number 2
By Irvin W. Sandman, R. Corbin Houchins, and Chava Genet
Irvin W. Sandman is a shareholder and R. Corbin Houchins is of counsel with Graham & Dunn in Seattle, Washington. Sandman serves as co-chair of the H-3 Hotels, Resorts and Tourism Committee and chair of its Hospitality Industry Liaison Subcommittee. Chava Genet is a shareholder in Stearns Weaver Miller Wiessler Alhadeff & Sitterson, P.A., in Miami, Florida.
This article addresses special concerns and issues that arise in the purchase and sale of a hotel or resort property. These include management contracts, franchise and other special licenses, financing, intellectual property, and taxation issues, to name a few.