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.
