- The scoring weights, thresholds and override logic are editorial design choices, not empirically validated predictors. Pilot testing should assess completion rates, consistency between reviewers and whether the quiz identifies decision-relevant omissions.
- No property-level accounts, contracts, financing terms, insurance quotations, technical surveys or licensed achieved-performance data were supplied or validated. The document cannot assess a particular investment.
- Federal official guidance provides starting points, but state and local zoning, licensing, employment, tax, accessibility and other requirements need jurisdiction-specific research.
- The core 15-question format accommodates conversions, all-equity buyers and owner-operators, but dedicated versions could improve precision for these materially different decisions.
- The contract example is a single publicly filed form, not evidence of typical boutique hotel management terms. Further research should compare authorized property-specific agreements without inferring market norms from isolated filings.
- The technical-diligence paper is historical and is used only for enduring scope principles. Current property-specific engineering standards, construction prices and capital budgets require specialist verification.
- The proposed diagnostic work products are not verified live tools. Publishing should not add booking links, turnaround promises or confidentiality assurances until the actual delivery arrangements are established.
- Buy-side search terms were incorporated for relevance, but search volumes, keyword difficulty and conversion demand were not measured.
- The historical First Hospitality asset-management advertisement returned 404 in this refresh; retain it as a dated workflow observation, not a verified live vacancy.
- 3 source URL(s) in this document had restricted retrieval, minimal extractable text or no separate current recheck; source-status labels identify them. Obtain controlling documents or direct confirmation before a transaction-specific use.
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