Margaritaville Hotels & Resorts

Franchise agreement

(a) prepare on a current basis in a form acceptable to Franchisor, in its commercially reasonable discretion, and preserve for at least 3 years, complete and accurate records concerning Gross Revenue and all financial, operating, marketing, and other aspects of the Hotel; and (b) maintain an accounting system that…

Item 11

You will provide us with independent access to the information that the Computing Environment generates and tracks upon or request.

Franchise agreement

Franchisee must send Franchisor upon its reasonable request, in the form and format that Franchisor periodically specifies, any information relating directly or indirectly to the Hotel that Franchisor does not access independently from Franchisee’s computer system.

Item 8

In providing these and other products and services to you, we and our affiliates have the right to charge prices that exceed our and their costs and include a profit margin.

Franchise agreement

Franchisor reserves the right to modify or change, at its sole discretion, the CRS at any time upon 60 days’ notice to Franchisee.

Item 8

We and our affiliates may receive rebates, commissions, payments, benefits and other material consideration from suppliers on account of their actual or prospective dealings with you and other franchisees and owners of Margaritaville Hotels & Resorts.

Item 8

We estimate that before operation and during operation of your Hotel, you will purchase 80% of the required goods and services from suppliers we approve or designate.

Item 8

We may charge you our costs to review your request and evaluate the proposed product, service and/or source.

Item 8

If you wish to obtain any FF&E, supplies, or other goods and services from a source that we have not previously approved, you must send us a written request with any information and samples we consider necessary to determine whether the product, service and source meet our then current criteria.

Franchise agreement

Franchisee shall and shall cause the Franchisee Agents to comply with (a) the most current version of the Payment Card Industry Data Security Standards (including the payment application data security standards), as amended or updated from time to time (the “PCI Security Standards”)

Franchise agreement

Franchisee shall facilitate, at Franchisee’s expense, participation in a guest comment card program to measure Hotel guest satisfaction.

Item 11

Conduct periodic inspections of the Hotel and otherwise maintain the Quality Assurance Program for the Margaritaville Hotels & Resorts franchise network.

Franchise agreement

Franchisor may make additions to, deletions from, and modifications to the Manual and the Hotel Standards (“Supplements”) from time to time and in any form or fashion

Item 11

It is your responsibility to select a potential site, but we must accept the site.

Item 11

You must participate in the Loyalty Program and contribute fees set forth in Items 5, 6, and 7.

Item 8

Purchase all non-alcoholic beverages from a local Coca-Cola Bottling Company distributor;

Franchise agreement

Franchisor may require Franchisee to acquire FF&E, OS&E, technology, equipment, supplies, and other goods and services from one or more sources that Franchisor periodically designates or approves for the purpose of maintaining the Hotel Standards, the Margaritaville brand, and uniformity across the Hotel System.

Franchise agreement

All payments shall be delivered to Franchisor via ACH transfer in accordance with the wire transfer instructions provided by Franchisor to Franchisee, and accompanied by an accounting statement showing a detailed computation of the amounts paid.

Franchise agreement

Franchisee must participate in the program for the sale and processing of gift cards at participating locations (the “Gift Card Program”) that Franchisor has established.

Item 15

You (or your approved management company) must hire and properly train all Hotel personnel and always have Key Personnel in place at the Hotel.

Item 8

Use Cintas for employee uniforms;

Item 11

You currently must acquire the PMS, POS System, CRM, CRS, CMS, EPP, HSIA, Music/Video Distribution systems, electronic door lock systems, lighting control system, and certain other components of the Computing Environment only from our designated vendors.

Franchise agreement

Franchisor reserves the right to access Franchisee’s computer system independently to obtain sales information, occupancy information, and other data and information relating to the Hotel.

Item 11

You currently must acquire the PMS, POS System, CRM, CRS, CMS, EPP, HSIA, Music/Video Distribution systems, electronic door lock systems, lighting control system, and certain other components of the Computing Environment only from our designated vendors.

Franchise agreement

Franchisor may also, at its option, provide other optional training programs from time to time during the Term.

Franchise agreement

Franchisee has attended all mandatory annual conventions or other mandatory meetings during the Initial Term, unless attendance was excused by Franchisor;