Purchase and Sale Agreement
(Hotel)


Summary

This template is a purchase and sale agreement used in a transaction involving the acquisition or disposition of real property containing a hotel between a seller and a buyer. This template includes practical guidance, drafting notes, and alternate and optional clauses. Where an open and operating hotel is the subject of the acquisition or disposition, the purchase and sale agreement must address certain hotel specific items. This template may be tailored to suit each transaction. For a full list of key content pertaining to exchanges of real property under Section 1031 of the Internal Revenue Code, 1031 Like-Kind Exchange Resource Kit. For more on purchase and sale agreements in general, see Commercial Purchase and Sale Agreements.