This session is intended to present a practical approach to understanding basic hotel industry financial terminology, definitions, and applications. The package includes debt terms, equity terms and investment terms and issues. Speakers will discuss the critical legal issues in the purchase and sale of a hotel property, considering the unique aspects of this asset class. The program will focus on seller representations and warranties, key contract provisions in the purchase and sale agreement, and retention or termination of the hotel management/franchise affiliation. The program will also address the significance of the terms of the hotel management agreement. The presentation will relate to the current hospitality environment in Q1 2021.