This OFFERING OF SALE is intended solely for the limited use of a prospective buyer and his representatives for informational purposes in consideration of the acquisition on any property listed.
This property is offered for sale by Wason Associates, Hospitality Real Estate Brokerage Group, (Broker) One New Hampshire Ave, Suite 125, Portsmouth, NH 03801.
Contained in this web based marketing data is brief, selected information pertaining to the business and real estate which has been prepared by owner and broker. This data has been supplied for the purposes of providing certain information for a prospective buyer to consider possible purchase of the property and does not contain all of the information which a prospective purchaser may desire; a more extensive due diligence package is available to the buyer upon execution of this NON-DISCLOSURE agreement. No representations or warranties, express or implied, are made to the accuracy or of the completeness of the information contained herein, or of that to be supplied as to the condition, quality, fitness, of the property and neither the Seller or Broker nor any of their agents will have any liability to the prospective buyer or any other person’s use of this Offering of Sale. The seller and broker involved are not responsible for prior sale, change of price, or withdrawal from the market without notice. The prospective buyer will have an opportunity to perform its own examination and inspection of the property and must rely solely on its own independent examinations, projections, and conclusions without reliance on the material contained herein and not on information provided by the Seller or Broker.
All "Due Diligence Material", which may include, without limitation, financial data occupancy rates, room rates, balance sheets, income and expense statistics, Federal or State Tax Returns, legal instruments, studies, brochures, computer output, and other materials, furnished to the Prospective Purchaser by Owner, remain the property of Owner, will not be duplicated or used for any other purpose other than evaluating a possible purchase of the Property. Therefore, Prospective Purchaser agrees to keep all "Due Diligence Material" (other than information which is a matter of public record or is provided in other sources readily available to the public) strictly confidential. If a purchase transaction is not consummated then all "Due diligence Materials" will promptly, upon the request of Owner, be returned to Owner, whether furnished before or after this date, without retaining copies thereof. If a purchase transaction is not consummated Prospective Purchaser agrees not to make any of the "Due Diligence Material" available or disclose any of it’s contents or the fact that discussions or negotiations are taking place concerning a possible purchase of the Property, or any of the terms, covenants, conditions, or other facts with respect to any such investment proposal to any person and specifically to include Owner’s staff, staff of other hotels, the staff and representatives of the Home Office of the Franchise.
The "Due Diligence Material" may be disclosed to the Prospective Purchaser’s partners, employees, legal counsel and lenders (Related Parties), solely for the purpose of evaluating the purchase. The Potential Purchaser understands and acknowledges the Broker and Owner do not make any representations or warranties as to the accuracy or completeness of the "Due Diligence Materials" and that the information used was furnished to Broker by others and has not been independently verified by Broker. Owner expressly reserves the right, at their sole discretion, to reject any and all expressions of interest or offers to invest in the Property from Prospective Purchaser, and/or to terminate discussions, at any time with or without notice.
AGENCY: The Broker, Wason Associates, Hospitality Real Estate Brokerage Group, represents the Seller in the marketing, negotiation and sale of this property and shall be compensated by the Seller.
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Date: 05/06/2020 | IP Address: 188.8.131.52
One New Hampshire Ave, Suite 125
Portsmouth, NH 03801