- INCOME/EXPENSE STATEMENT for the last 3 years with monthly and annual figures.
- SUMMARY OF ALL COMMERCIAL OR DEPARTMENTAL LEASES (if any) showing escalations and expirations, and the summary of the terms of any franchise agreements.
- COMPLETE, DETAILED PHYSICAL DESCRIPTION INCLUDING SQUARE FOOTAGE.
- IF ACQUISITION, PROVIDE COPY OF FULL EXECUTED CONTRACT OF SALE.
- IF REFINANCE, PROVIDE THE ORIGINALLY PAID PRICE FOR THE PROPERTY, date originally purchased and summary of current financing.
- PHOTOS (at least 5)
- PROPERTY SURVEY OR SITE PLAN
- SUMMARY OF CURRENT FINANCING (for refinance only) including:
- Current Lender
- Current principal balance
- Current interest rate
- Current monthly payment
- Maturity date
- Prepayment penalty information
- CURRENT PERSONAL FINANCIAL STATEMENT
- LAST THREE YEARS’ BUSINESS TAX RETURNS
- BACKGROUND / BIO FOR EACH PARTNER AND FOR THE OWNERSHIP ENTITY EMPHASIZING HOTEL / HOSPITALITY INDUSTRY / REAL ESTATE EXPERIENCE
- BACKGROUND INFO ON MANAGEMENT COMPANY, only if separate from ownership.
- RENOVATION HISTORY FOR ATLEAST 3 YEARS with project descriptions and the approximate amount paid for each.
- CURRENT BUSINESS FINANCIAL STATEMENT
- LAST TWO YEARS PERSONAL TAX RETURNS