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
• financial protection

This Executive Report is written by: Mark L. Morris, Chair, Real Estate Department, Fox Rothschild LLP

About Executive Reports:

Executive Reports offer focused, hard-hitting advice from the leaders of some of America's top companies, packaged in a concise, readable format. Each research report provides readers with 3 to 5 strategies that will have a direct financial impact on their business. While not meant as a comprehensive guide, each report includes quick-hit items that can immediately impact specific business strategies. Executive authors drill down to the central issues surrounding each topic area and dispense expert advice in concise, direct language. Executive Reports feature leading professionals selected by the Aspatore Editorial Board based on their experience, research, and standing within the professional community.

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