SALE BROKER / BUYER BROKER:

• To sign the Agreement of Cooperation.
  
  It can be downloaded on pdf in the following link:
  Agreement of Cooperation
  
  Nota Bene:

  1. No action of any kind will take place until the Agreement of Cooperation is signed.
  2. No exception of the following rules are contemplated, as all our Customers & Allied Members are considered exceptional.

SALE BROKER

1. Provide a copy of the Legal Seller's Mandate, supplied by GHBA.

2. Provide the "Blind Profile of Hotel for Sale", supplied by GHBA.

3. Provide the Executive Summary when the potential Buyer's Letter of Intent is received. The Executive Summary should include the following information:

• Signature recognition if so requested by the Buyer.

• Executive Report, Balance Sheets and Profit and Loss Accounts for the last 3 years.
• Official Independent Valuation of the Property.
• Copy of Public Registry of Property.
• Confirmation if there is any outstanding mortgage and quantity and if the mortgage will be paid off at the time of signing the Purchase-Sale Contract or may be transferred to the new property if the conditions are accepted by them.
• Confirmation if there is any unusual debt to the Treasury, Employees and Suppliers.

4. Facilitate the visit to check the property by de potential Buyer or its Legal Representative.

5. Facilitate any necessary local contacts in cooperation with the Alliance, if so requested by the potential Buyer: Specialist Lawyer; Specialist Consultant for due Diligence; Hotel Operator, etc.

6. Cooperate in any required reasonable actions to ensure the success of the transaction.

BUYER BROKER

1. Provide a copy of the potential Buyer's Mandate.

2. Supply the potential Buyer's Letter of Intent BEFORE the Executive Summary is provided.

3. Facilitate all reasonable information required by the Seller.

4. Cooperate in the potential visit to check the property by the potential Buyer or its Legal Representative.

5. Cooperate in any required reasonable actions to ensure the success of the transaction.