Hotel Acquisition Letter of Intent

Summary

This letter of intent is used in a commercial purchase and sale transaction to document the understanding between the parties regarding the proposed acquisition of a hotel property. This template includes practical guidance, drafting notes, and optional clauses. The letter of intent should include the key terms of the proposed transaction, and the more details that are agreed to and memorialized in the letter of intent, the less debate there may be during negotiation of the purchase and sale agreement. If the parties do not intend to be bound by the letter of intent, this should be clearly stated in the document. For further discussion on drafting a letter of intent for a hotel acquisition see Letter of Intent for Hotel Acquisitions. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. For a template of a purchase and sale agreement for a hotel, see Purchase and Sale Agreement (Hotel).