The Snake Keeper Blog

If an existing hotel does not meet the brand requirements that then applied to a branded hotel, it can become considerable – and expensive – renovations, new furniture and equipment as part of a new FLA. In the context of buying and selling, hotel buyers need enough time to maintain and reward PIP costs. As part of the FLA negotiations, it is recommended that the new franchisee negotiate with the brand the scope of the PIP as well as the date of completion of the PIP. The brand may exclude or delay the implementation of certain PIP components, depending on how other renovations have recently been completed, the type of hotel itself (i.e. location, age or product type, especially for low fires) or other factors that support the exception. If the franchisor agrees to the sale of the hotel, the agreement generally entitles the franchisor to ask the buyer to request a franchise from the franchisee and pay the application fee, (ii) to accept the conclusion of a new home improvement plan (PIP) at the hotel, and (iii) to execute the franchisor`s current franchise agreement. Franchisee candidates must meet certain standards for financial resources and hotel operating experience. As a general rule, the franchisee does not accept the sale of a hotel to a competitor of the franchisee. When the owner/franchisee proposes to sell the hotel to a competitor of the franchisee, the franchisor usually has the right of pre-emption to acquire the hotel at the same price as that offered to the competitor or to terminate the franchise agreement. The franchisor may exercise its right to purchase the hotel if the hotel is of strategic importance to the brand.

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