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