The due diligence period is relatively short by comparison to the critical information needed by a hotel buyer to make an informed decision. Clients and/or their attorneys have engaged Dimond Hospitality Consulting Group to perform, discover and/or analyze some or all of the information on the following partial list:
- Evaluate the organizational structure and management team
- Provide an opinion of the hotel’s brand affiliation as it relates to market
- Assess hotel technology and identify necessary upgrades
- Arrange for transfers of various licenses and permits
- Obtain a list of vendors
- Validate accounts receivable and payable
- Collect all contracts and other documents for attorneys
- Verify the validity of the business booked for the future
- Arrange for an appraisal
- Develop an estimate of capital improvement needs
