Operator Search, Selection with Commercial Terms

A comprehensive search, selection and negotiation process and with recommendation for the most appropriate Hotel Management Company to manage the Hotel Project.
The scope of work included:

• Preparation of an Expression of Interest (EOI) document outlining objectives and scope of management required, response requirements in terms of operator information and expression of interest detail, timing requirements, and other search and selection process components.
• Operator Search contact and liaison process, culminating in expressions of interest from appropriately qualified hotel management companies.
• Operator Selection process, culminated in recommending a HMC.
• Commercial Terms negotiations process with conclusion of a Term Sheet ready to be formalised by the legal advisor into a Hotel Management Agreement.