Acquisitions - Purchasing the Asset

This course is intended to serve as an overview for investors who have already located a potential hotel asset or location, and are now proceeding to the Purchase/Acquisition phase. Discussed in the course are the following steps: preliminary due diligence, calculating the bid price, the letter of intent, due diligence, the purchase and sales agreement, the closing and takeover, negotiating chains and franchise agreements and a repositioning strategy for the hotel asset. Hotel acquisition and development are complicated endeavors, this course will assist you in gathering the knowledge to begin to understand the purchase process.