Page 17 - URGO Hotels

Investment & Development
• Historical performance
• Projected cash flows
• Existing Brand and Brand availability
• Market dynamics and supply and
demand
• Condition of the asset
• Brand Property Improvement Plan
requirements
• Potential debt financing alternatives
(assumable or new loan)
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• Acquisition team sources transaction
• Pre underwriting process
– Perform initial due diligence and
underwriting
• Review by senior management
• Prepare term sheet
• Begin full underwriting
• Complete due diligence
• Submit for investment committee
approval
• Complete all relevant agreements
including purchase and sale
agreement
Underwriting Deal Process