Hotelacquisition

Because of the complexity of an accommodation business, a transfer or acquisition usually comes with plenty of judicial consequences and significant changes in operations. For example, commercial staff cut offs, deposits and advance payments, gift certificates, business volume and inventory must be recorded and well defined by a key date. The following items are relevant in transfers and acquisitions:

  • Yearly results of the past few years in monthly detail
  • Current budget and marketing plan
  • List of investments made during the past few years
  • Comprehensive list of all known construction defects/repairs needed and any statutory requirements
  • Investment planning/ specification of costs expected for maintenance and repairs (Capital expenditure and FF&E)
  • Chart of all staff information, such as scope of work, compensation, start of employment and additional demands
  • List of employees with information about scope of work
  • Comprehensive list of existing liabilities/agreements
  • Current inventory reports
  • Certificate of title/ownership structure
  • Copy of the business/operating license
  • Accounting forecast, created via bookkeeping software, for the current and coming year
  • List of closed catalog, quota and tour operator agreements
  • Agreement concerning phone numbers and web domain
  • Complete key assembly
  • Current list of outstanding vacation time, overtime pay and additional off days etc.
  • Take-over agreement with Telekom for phone number/s and web domain
  • Current list of all deposits and advance payments, gift certificates etc.
  • Inventory of commission items (jewelry, post cards etc.)
  • Reconciliation of guest ledger / guests on the property
  • Final accounting of the credit card device/s by due date.