Assume the group, in whole or in part, is able to proceed with the hotel development project, and a possible site has been identified for the first hotel. You set up a conference call with the group, and they have a series of questions about how they will acquire the land (the "real property"), what they can expect to occur from the time an agreement is reached until closing, and how ownership might be structured if more than one member of the group becomes an owner of the land. Create_a memo that you would send to the group after the call. What information would you provide to the group in response to their questions? Please fully explain your answer.

Answer rating: 100% (QA)

Memo to Hotel Development Group Subject Land Acquisition for Hotel Development Project Introduction Following our recent conference call this memo sum... View the full answer