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HOTEL DEVELOPMENT TERM SHEET HILTON GARDEN INN, CITY OF ENID, OKLAHOMA August ___, 2015 The City of Enid, Oklahoma, an Oklahoma municipal corporation (the City), has selected Peach tree Hotel Group

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How to fill out hotel development term sheet

01

Start by entering the name of the hotel project and the date.

02

Provide details about the location of the hotel, including address and any key landmarks nearby.

03

Outline the proposed size of the hotel in terms of number of rooms and any additional facilities such as restaurants or conference rooms.

04

Specify the target market for the hotel and any specific amenities that will cater to this market.

05

Include a breakdown of the development costs and financing plan for the project.

06

Detail the timeline for the development process, including key milestones and completion date.

07

Sign and date the term sheet to indicate agreement with the outlined terms.

Who needs hotel development term sheet?

01

Hotel developers looking to secure financing for a new project.

02

Investors considering funding a hotel development.

03

Lenders who require a detailed overview of the proposed hotel project.

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What is hotel development term sheet?

A hotel development term sheet is a document outlining the basic terms and conditions of a hotel development project, including the financial arrangements and responsibilities of each party involved.

Who is required to file hotel development term sheet?

The developers and investors involved in a hotel development project are required to file the hotel development term sheet.

How to fill out hotel development term sheet?

To fill out a hotel development term sheet, the parties must provide detailed information about the project timeline, financing, ownership structure, and other key terms.

What is the purpose of hotel development term sheet?

The purpose of a hotel development term sheet is to outline the key terms and conditions of a hotel development project before the parties enter into a formal agreement.

What information must be reported on hotel development term sheet?

Information such as project timeline, financing details, ownership structure, and key terms must be reported on a hotel development term sheet.

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