Contract for the sale of a hotel
A standard document for the sale and purchase of an owner-operated hotel. This document assumes that the completion date and effective time (and date) will be the same day, but there will be a gap between exchange of contracts and completion.
This is a short form document, and due to its nature will not provide the buyer with the detailed protections included in a more complex form of sale and purchase agreement although the property and health and safety warranties are comprehensive. If the transaction involves a large hotel or hotel chain, you should instead refer to Standard document, Asset purchase agreement.