Key description
- It is merely an ever most detailed template hotel management agreement
Language
Categories
Industries
Covered clausesArticle 1 - Definitions
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Definitions
Article 2 - Terms of Agreement
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Operating Term
Article 3 - Operation of The Hotel
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Representations by Lessee and Operator; Engagement of Operator
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Standards of Operations
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Limitations on Operator's Authority
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Reservations Services and Revenue Management
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Marketing
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Consultations Between Lessee and Operator
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Transactions With Affiliates and Other Relationships
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Regional Manager
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Certain Expenses
Article 4 - Independent Contractor
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Operator Status
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Employees
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Employee Expenses
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Employee Benefit Plans
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Execution of Agreements
Article 5 - Indemnification
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Indemnification By Operator
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Limitations of Indemnification
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Indemnification By Lessee
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Survival of Indemnity
Article 6 - Budgets and Policy Meetings
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Annual Plan
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Budget Meetings
Article 7 - Operating Expenses
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Payment of Operating Expenses
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Operating Expenses Not an Obligation of Operator
Article 8 - Bank Accounts
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Lessee Revenue
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Operating Account
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Ownership of Accounts
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Exculpation of Operator
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Reimbursement of Operator
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Working Capital Funds
Article 9 - Books, Records and Statements
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Books and Records
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Statements
Article 10 - Operator's Fee and Transfers to Lessee
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Payment of Operator's Fee
Article 11 - Repairs and Maintenance, Capital Improvements and Reserve For FF&F
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Repair and Maintenance
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Capital Improvements
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Liens
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Reserve For FF&F
Article 12 - Insurance
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General
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Workers’ Compensation and Other Employment Insurance
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Approval of Companies and Cost by Lessee
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Maintenance of Coverages
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Waiver of Subrogation
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Blanket Coverage
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Employment Practice Liability
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Cyber/Network/Privacy Liability
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Liquor Liability
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Automobile Liability
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General Liability
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Property
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Crime
Article 13 - Property Taxes, Local Taxes, Levies and Other Assessments
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Property Taxes
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Lessee’s Right to Contest
Article 14 - Damage or Destruction - Condemnation
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Damage
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Condemnation
Article 15 - Use of Name
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Name
Article 16 - Termination
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Optional Termination
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Sale of Hotel
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Lessee Change of Control
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Tax Law Change
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Performance Standard
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Operator Change of Control
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Quality Assurance Reports
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Satisfaction Scores
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Reporting
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Default or Termination of Concession and Lease Agreement
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Termination Fees
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Bookings Beyond Expiration of Term
Article 17 - Default And Remedies
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Events of Default – Remedies
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Rights Not Exclusive
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Operator’s Rights to Perform
Article 18 - Notices
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Notices
Article 19 - Assignment
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No Assignment by Operator
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Assignment by Lessee
Article 20 - Subordination
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Subordination to Mortgage
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Foreclosure
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Estoppel Certificates
Article 21 - Miscellaneous
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Further Documentation and Reporting Compliance
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Captions
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Successors and Assigns
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Intentionally Deleted
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Assumption of Post Termination Obligations
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Entire Agreement
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Governing Law
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No Political Contributions
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Eligible Independent Contractor
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Time of the Essence
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Offsets
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Attorney’s Fees
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Final Accounting
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Franchisor Communications
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Consent and Approval
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Partial Invalidity
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Disputes
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Further Assurances
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Waiver
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Unavoidable Interruptions
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Effect of Approval of Plans and Specifications
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Prohibited Persons and Transactions
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Confidentiality
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No Third-Party Rights
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No Representations as to Income or Financial Success of Hotel
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Dispute Resolution
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Termination of the Franchise Agreement
Exhibits
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Hotel and Owner
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Competitive Set for Hotel
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Major Account Categories
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Example of Monthly Transactions Report
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Franchise Agreement for Hotel
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Form of Approved Budget
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Approved Budget (if finalized)
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Example Incentive Fee Calculation
