Hotel Purchase Agreement Template for India

1. Employee Matters: Terms regarding transfer of employees, to be included if employees will transfer with the business

2. Foreign Investment Compliance: Special provisions for foreign buyers, including FEMA compliance

3. Intellectual Property: Specific provisions for transfer of hotel brand rights or franchise agreements

4. Environmental Matters: Detailed environmental provisions if significant environmental issues are identified

5. Management Agreement: Provisions regarding existing or new hotel management agreements

6. Financing Provisions: Additional terms if the purchase is contingent on buyer financing

7. Tax Structure: Specific tax planning provisions if complex tax structures are involved

8. Asset Retention: Provisions for any assets or operations seller will retain

9. Transition Services: Detailed transition arrangements if seller will provide post-closing services

1. Property Description: Detailed legal description of the real estate and building specifications

2. Asset Inventory: Comprehensive list of FF&E, operating equipment, and other business assets

3. Excluded Assets: List of assets specifically excluded from the sale

4. Contracts and Licenses: List of operational contracts, permits, and licenses being transferred

5. Employee Information: Details of employees, their terms of employment, and benefits

6. Financial Statements: Recent financial statements and operating performance metrics

7. Environmental Reports: Summary of environmental assessments and compliance reports

8. Title Documents: List of title documents and encumbrances

9. Pending Litigation: Details of any ongoing legal proceedings

10. Form of Deed: Draft of the property transfer deed

11. Closing Deliverables: Checklist of documents required at closing

12. Purchase Price Allocation: Breakdown of purchase price among various asset categories