This is the second of a two-part series on the business and legal issues that arise in developing and owning hotels. In the first podcast, “Hotels 101,” attorneys Dan Weede and David Adams discussed the basic legal and business issues that are unique to developing and owning hotels, including the impact of the brand in creating and maintaining value of the hotel; the roles of various agreements in hotel deals, specifically the management agreement; franchise agreement and loan agreement; and the basic metrics used to evaluate the financial performance of a hotel.

In this podcast, Dan and David discuss some of the more important issues in a purchase and sale agreement for a hotel, with a particular focus on the legal rights and investor needs in order to properly evaluate a hotel acquisition.