Park Hospitality

Item 17

You must maintain Financial Statements that accurately reflect all aspects of the Hotel’s Operation in accordance with the Uniform System, and your business in accordance with generally accepted accounting principles applied on a consistent basis.

Item 17

We will have independent access to your Technology Systems.

Item 17

You must deliver the Hotel’s and your monthly and annual Financial Statements to us when requested.

Item 8

We, an affiliate or an unaffiliated third party may be that single source of supply, depending upon the item.

Item 17

We may modify all or any part of the System, and impose charges and cause you to incur expenses not contemplated by this Agreement in connection with these modifications if the charges apply generally to all System Hotels.

Item 8

neither we nor any affiliate derived revenues from the sale of required products and services to Park Plaza franchisees in 2021.

Item 8

Once you begin operating your Hotel, we expect these items to represent approximately 15-25% of your total annual purchases.

Item 8

There is no charge to you for this process unless we engage the services of a testing service.

Item 8

If you wish to have a supplier designated an “approved” supplier, you must submit information about the supplier and its relevant products or services to us for review.

Item 17

You acknowledge that we have the sole right to and interest in all telephone numbers, directory listings, email addresses, domain names profiles, and accounts associated with the Marks, including any Park Internet Presence, as well as any content thereon.

Item 17

You must complete the PCI self-assessment questionnaires and take any other action we may periodically require to ensure your ongoing compliance with the PCI Data Security Standards and pay such fees as we specify.

Franchise agreement

You must participate in all guest satisfaction programs we require.

Item 17

We or a Third Party we designate, at reasonable times and frequencies, may enter the Hotel to perform inspections and to interview Hotel employees to determine whether you are complying with this Agreement.

Item 17

We may modify the Operating Manuals at any time.

Item 12

We will grant you the right to operate a single Hotel at a location we approve (the “Licensed Location”).

Item 17

You may not establish or maintain, or have established or maintained on your behalf, either alone or in concert with others, any electronic medium or method of communication, including a website, email address, home page, HTML document, Internet site, web page, or social media or social networking site, hashtag…

Item 17

You must participate in all loyalty rewards programs we require.

Item 17

You must participate in any local and regional marketing cooperatives or groups established by us for the Hotel’s locality and region.

Item 17

You may only use approved equipment, products, fixtures, signs, advertising materials, trademarked items and other items (collectively, “approved supplies”) in the Hotel as set forth in the approved supplies and approved suppliers lists, which we may periodically amend.

Item 17

You must remit Royalty Fees, Marketing Fees, Reservation Fees, and other amounts due to us or our Affiliates via electronic funds transfer or other similar means specified by us.

Item 17

At all times, you must have a member of the management team on duty who is responsible for the Operation of the Hotel.

Item 6

If you request additional training or services or we require them as a result of the Hotel’s non-compliance with our standards, we will charge $1,200, plus travel expenses for each of our representatives, for this training and services.

Franchise agreement

The General Manager, and your other representatives we designate, must attend all meetings and conferences we require, including our brand business conference, which may be held as often as annually.