Hospitality Due Diligence

Objectivity is the key to a successful transaction. At Hotel Marketplace, we will always make sure a deal is worthy by exercising Due Diligence each and every time. Our commitment to developing only profitable, valuable transactions is unwavering, and we aim to reveal the intrinsic value and risks of every property. By using a multi-staged Due Diligence approach, we can discover relevant factors before they become unnecessary costs for our clients.

The Due Diligence Process at Hotel Marketplace Includes:

♦ Detecting and investigating any potential issues that could become future costs for the buyer.

♦ Considering environmental and regulatory issues to analyze potential for future improvement.

♦ Reviewing and summarizing impending deferred and continuing maintenance costs, renovation costs, and other potential future value opportunities.

♦ Purchase Contract Management

Purchase Contract Management

Purchase Contract Management begins during the negotiation phase. We request and verify all relevant documents to ensure the property meets strict investment quality requirements. All relevant information from the purchase contract is evaluated by the appropriate acquisition staff, lawyers, architectures, engineers, inspectors, and surveyors, and is reviewed and approved before we proceed. Ultimately, all of this information becomes extremely valuable for the final purchase negotiations.

During and Beyond Due Diligence

In addition to precautionary measures, clear and accurate communication is vital during every hospitality transaction. This is where our exclusive Enhanced Technology Services (ETS) come into play, placing Hotel Marketplace into a new category of brokerage firms. We go above and beyond standard Due Diligence by combining our keen industry awareness with the latest technology and information processing capabilities. Enhanced Technology Services keep everyone on the same page and ensures that the proper requirements are met as a deal moves through the contract and closing process.

From planning, to purchase contract management, each successful transaction is viewed as a reflection upon our business. We want our clients to know that we will control the pace and progress of the transaction. Every decision we make on our client's behalf is executed through a strict series of Due Diligence controls. We know when to move forward, when to pause, and when to walk away. And we will always make the best possible decisions for our clients; thatís our promise.