majestichospitalityinc@gmail.com Due Diligence Checklist (Hotel//Resort) Property Inspection 1. Guest room list by room type. Summary of room types. 2. Access to blue prints and a copy of the most recent survey. 3. The latest inventories available for food, beverage, linen or other supplies. 4. eferred maintenance schedule. !ist all ""#$ in need of repair or replacement. %. &opy of the most recent appraisal. '. A list of all capital e(penditures during the past three years. ). *ost recent inspection reports from the franchisor, along +ith any correspondences during the past year concerning franchisor inspections and ,-, re.uirements./-nclude any $mergency &ontingency ,lans0 1. The latest health, fire, and hotel inspections from governmental agencies during the past year. 2. Any and all la+suits or threats of la+suits, during the past year. 13. &omplaints, notices and citations from any governmental agencies, including sales and payroll ta( notices. 11. All insurance inspection reports, including +or4ers compensation. 12. ,roperty and liability insurance loss runs, including +or4ers compensation. 13. &urrent property and liability insurance policies, including +or4ers compensation. 14. Any and all environmental audits and reports to include a copy of ,hase - $nvironmental 5eport. 1%. &opies of all licenses and permits. 1'. Any and all AA plans, reports, audits, or notices. 1). A list of any loaned e.uipment belonging to vendors, and personal e.uipment belonging to employees or o+ners. 11. A list of any inventories for furniture, fi(tures and e.uipment including 4itchen, ban.uet and office e.uipment. 12. &opy of any management contracts or reservation referral contracts. 23. &opy of any franchise agreements 21. &opy of any renovation or upgrade /,-,0 budgets re.uired to comply +ith franchise re.uirements /or to meet mar4et demands0 22. A list of future reservations and boo4ings, including name of party, deposit received, rate guaranteed, dates and status. 23. 6ccupancy and average rate the last three years. 24. &apital e(penditures for the last three years, +ith any current pro7ections for e(penditures. 2%. All architectural and engineering plans and specifications. 2'. All inspection reports, including health, fire, building and elevator. 2). &opies of all studies, including all recent appraisals, mar4et studies, environmental8engineering reports and mar4eting plans. 21. -nventory of ""#$, supplies, consumables and inventories. /-nclude a hand count of all house4eeping 9 to+els, bedding, pillo+s, supplies etc.0 22. Schedule of all insurance coverage, including cost and e(piration. 33. The legal property description. 31. &opies of all service contracts, leases, franchises, licenses, permits, management agreements, union agreements and any instruments that the purchaser is e(pected to assume. 32. &opies of all trademar4s, trade names and copyrights. 33. etails of any administrative action or litigation threatened or pending against the hotel. 34. A list of employees, including name, position, ept., salary and benefits. 3%. !ist of all purveyors and sources of supplies and services. Majestic Hospitality MANAGEMENT Company majestichospitalityinc@gmail.com inancial In!ormation 1. "rom &,A 9 ,rofit # !oss Statements to include guest room statistics. 2. Three most current year9ended ,#! /23118231282313 and trailing 129months to :T. /;ro4en o+n *onthly0 3. *ost recent accounts receivable aging, advance deposit listing, guest ledger listing, and A, aging. 4. A list of income rent rolls +ith attached copies of income rental agreements including any amendments. %. All property ta( bills and assessments, real and personal, for the past t+o years. '. &opies of e.uipment leases, property rental agreements, service agreements and contracts including any amendments. ). &opies of all utility and maintenance bills for proration purposes. 1. &opies of all notes and mortgages currently encumbering the property. 2. $stoppel letters from any mortgage. 13. !ist of all tenants, rent rolls, deposits and term of lease. Marketing an" #ales 1. STA5 reports to include Summary 5eport, *onthly Trend 5eport, and &omp Set 5esponse 5eport. 2. *ost recent year ended and current :T room sales by mar4et segment. 3. *ost recent <otelligence report, if available. 4. ,*S reports sho+ing guest profile by Source &odes and 5ate &odes. %. A list of the top 2% accounts including rates, annual room nights and dollar volume. '. A list of all preferred accounts by company and rate. ). &urrent *ar4eting ,lan and pro7ections. 1. Advance boo4ing contracts and preferred corporate accounts to be made available for inspection. 2. <otel =ebsite access codes8pass+ords etc> Human Resources 1. *ost recent payroll register report and payroll summary report by departments. 2. Any employee handboo4s benefit boo4lets or outlines, group insurance plans, retirement plans, and any other benefits together +ith all amendments and modifications. 3. Any employment rules, 7ob descriptions, 7ob chec4lists, and current memorandum notices to employees. 4. Any employee agreements, bonus plans, and letters of employment. %. Staffing Guide budget. '. -f a ?nion <otel, any union agreement +ith attached e(hibits, and copies of all grievances and responses filed by the union during the past t+elve /120 months. Approved by@ S. ;u4hari A &$6 avid 5obin A &66