The acquisition 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:
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Evaluate the organizational structure and management team
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Provide an opinion of the hotel’s brand affiliation as it relates to market
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Assess hotel technology and identify necessary upgrades
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Arrange for transfers of various licenses and permits
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Obtain a list of vendors
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Validate accounts receivable and payable
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Collect all contracts and other documents for attorneys
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Verify the validity of the business booked for the future
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Arrange for an appraisal
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Develop an estimate of capital improvement needs
