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