Strategic Hospitality Counsel: Economic Laws Practice -Hospitality Law in India

1. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice (https://elplaw.in/) Home (https://elplaw.in/) Practice Areas (https://elplaw.in/practice-areas/) Hospitality Hospitality https://elplaw.in/practicearea/hospitality/ 1/10

2. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice OVERVIEW SERVICES Overview PRACTICE PROFILE (HTTPS://ELPLAW.IN/WP-CONTENT/UPLOADS/2018/08/ELP-PRACTICE- PROFILE-HOSPITALITY_COMPRESSED.PDF) little doubt of the sheer potential this industry holds going forward…. Yet heavy is the head that wears the crown. Faced with stringent government regulations and constantly changing policy related issues, coupled with red tapism and increasing infrastructure costs, the path to pro?tability is a tough one. Lack of proper trained talent and an increasingly demanding customer further compound these issues. Needless to say the brick and mortar hospitality sector is facing its toughest competition ever from the virtual world of AirBnB’s. The tough balancing act between the Owner and Manager and a stark increase in insolvency and bankruptcy cases are further headwinds the market has to contend with. The hospitality sector is one of the key drivers of growth among the services sector in India. There is PEOPLE THOUGHT LEADERSHIP RECOGNITIONS Drawing upon our experience of over 16 years within the hospitality sector, ELP’s hospitality sector practice aims to provide a one stop shop for addressing legal and regulatory issues within the hospitality sector. Services Our practice includes : Acquisition of Land Due diligence reviews, covering transactional, ?nancial, environmental, tax and compliance related issues. Veri?cation of title to the land and drafting and negotiation of sale deeds, lease deeds or development rights agreements or other conveyance deeds Construction & Development of Hotel Drafting, negotiation and execution of documentation including: Construction contracts, architect’s contracts, interior design consultancy contracts and other contracts for the appointment of experts for the development phase Equipment supply and other agreements with sub-contractors and vendors.    Structuring of Investment Designing and implementing tax e?cient structures to identify tax exposures and the most optimal tax structure. Risk analysis of project documentation, covering legal, structuring, commercial and tax issues. https://elplaw.in/practicearea/hospitality/ 2/10

3. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice Drafting, negotiation and execution of documentation including joint venture agreements, investment agreements, shareholders’ agreements, private equity documentation and other equity and/or quasi- equity funding documentation.  Operator & Brand Selection Drafting, negotiation and execution of documentation including: Hotel management agreements, technical services agreements, franchise agreements, marketing and publicity agreements for the provision of services by brand-owners for development of the hotel; and Trademark license agreements for the license of trademarks and service marks by brand-owners.  Financing Drafting, negotiation and execution of documentation including facility agreements and security documents such as guarantees and documents of charge and lien. Assistance in re?nancing the project. Drafting of resolution plans and assistance in the insolvency process Finalisation of consultants & service providers Drafting, negotiation and execution of documentation with consultants and other entities for provisions of pre-opening and post opening services. Operation & Maintenance Advice on compliance processes under all applicable laws, for example, labour law, corporate law, indirect tax laws and developmental and/or environmental regulations. Advice on issues faced in the day-to-day operations of the hotels. Assistance in further investments into the hotel. Resolution of disputes, either through the conciliation process or through arbitration. Exit Structuring of the exit in the most tax e?cient manner. Drafting, negotiation and execution of documentation including share sale and share purchase agreements. People https://elplaw.in/practicearea/hospitality/ 3/10

4. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice Sujjain Talwar Aakanksha Joshi Nishant Shah M (https://elplaw.in/people/sujjain- talwar/) (https://elplaw.in/people/aakanksha- joshi/) (https://elplaw.in/people/nishant- shah/) (https://e agarwal/ Thought Leadership Tourism and hospitality industry lauds direction of the budget proposals 2 Feb 2024 | READ MORE (HTTPS://ELPLAW.IN/TOURISM-AND-HOSPITALITY- INDUSTRY-LAUDS-DIRECTION-OF-THE-BUDGET-PROPOSALS/) Taxation & The Hospitality Sector 7 Apr 2023 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2023/04/TAX-AND-HOSPITALITY-HICSA.PDF) The Hospitality Sector: Contractual Conundrums 7 Apr 2023 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2023/04/MANAGEMENT-AGREEMENT-HOSPITALITY-HICSA.PDF) Labour & Employment & The Hospitality Sector 7 Apr 2023 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2023/04/LABOUR-EMPLOYMENT-HICSA.PDF) Dispute Management & The Hospitality Sector 7 Apr 2023 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2023/04/DISPUTE-HICSA-.PDF) Consumer Laws & The Hospitality Sector 7 Apr 2023 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2023/04/CONSUMER-LAWS-HOSPITALITY-HICSA.PDF) Financing & The Hospitality Sector 7 Apr 2023 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2023/04/BANKING-FINANCE-HICSA.PDF) https://elplaw.in/practicearea/hospitality/ 4/10

5. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice Bankrupt hotel assets big draw with investors 12 Mar 2024 | READ MORE (HTTPS://ELPLAW.IN/BANKRUPT-HOTEL-ASSETS-BIG- DRAW-WITH-INVESTORS/) Labour & Employment & The Hospitality Sector 5 Apr 2022 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2022/04/LABOUR-LAWS-HOSPITALITY.PDF) Taxation & The Hospitality Sector 5 Apr 2022 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2022/04/TAX-HOSPITALITY.PDF) The Hospitality Sector: Contractual Conundrums 5 Apr 2022 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2022/04/MANAGEMENT-AGREEMENT-HOSPITALITY.PDF) Dispute Management & The Hospitality Sector 5 Apr 2022 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2022/04/DISPUTE-HOSPITALITY.PDF) Consumer Laws & the Hospitality Sector 5 Apr 2022 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2022/04/CONSUMER-LAWS-HOSPITALITY.PDF) Financing & the Hospitality Sector 5 Apr 2022 | READ MORE (HTTPS://ELPLAW.IN/WP-CONTENT/UPLOADS/2022/04/BF- HOSPITALITY.PDF) Tourism funding and promotion agencies laud Budget proposals for the sector 8 Feb 2022 | READ MORE (HTTPS://ELPLAW.IN/LEADERSHIP/READ-MORE-AT-HTTPS- HOSPITALITY-ECONOMICTIMES-INDIATIMES-COM-NEWS-TRAVEL-TOURISM-FUNDING- AND-PROMOTION-AGENCIES-LAUD-BUDGET-PROPOSALS-FOR-THE-SECTOR- 89420565/) https://elplaw.in/practicearea/hospitality/ 5/10

6. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice Union Budget - An Analysis by Economic Laws Practice 1 Feb 2022 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2022/02/UNION-BUDGET-2022-AN-ANALYSIS-BY-ECONOMIC- LAWS-PRACTICE-1.PDF) Legal implications of recent issues in the hospitality sector in India 24 Sep 2021 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2021/09/LEGAL-IMPLICATIONS-OF-RECENT-ISSUES-IN-THE- HOSPITALITY-SECTOR-IN-INDIA-.PDF) ELP Knowledge Series – Part 2 of 2021 15 Sep 2021 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2021/09/ELP-KNOWLEDGE-SERIES-PART-2-OF-2021.PDF) Guest Data – Right to be forgotten 25 Sep 2021 | READ MORE (HTTPS://ELPLAW.IN/GUEST-DATA-RIGHT-TO-BE- FORGOTTEN/) Relief to Hotels in Maharashtra 20 Jul 2021 | READ MORE (HTTPS://ELPLAW.IN/RELIEF-TO-HOTELS-IN- MAHARASHTRA/) What are the duties of directors in ailing hotel companies? 30 Jun 2021 | READ MORE (HTTPS://ELPLAW.IN/WHAT-ARE-THE-DUTIES-OF- DIRECTORS-IN-AILING-HOTEL-COMPANIES/) What recourse do Hyatt Regency Mumbai employees have? 12 Jun 2021 | READ MORE (HTTPS://ELPLAW.IN/WHAT-RECOURSE-DO-HYATT- REGENCY-MUMBAI-EMPLOYEES-HAVE/) ELP - Knowledge Series – Part 1 of 2021 27 Apr 2021 | READ MORE (HTTPS://ELPLAW.IN/ELP-KNOWLEDGE-SERIES-PART-1/) Budget 2021 fails to provide much needed impetus 16 Feb 2021 | READ MORE (HTTP://SAFFRONMEDIA.IN/EMAGAZINES/HB/2021/HBFEB2021/HTML5/INDEX.HTML) Union Budget 2021: An Analysis 2 Feb 2021 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2021/02/UNION-BUDGET-2021-AN-ANALYSIS-BY-ECONOMIC- LAWS-PRACTICE.PDF) https://elplaw.in/practicearea/hospitality/ 6/10

7. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice What Marriott’s Second Data Breach Means for the Hospitality Industry? 30 Mar 2020 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2020/05/WHAT-MARRIOTT’S-SECOND-DATA-BREACH-MEANS- FOR-THE-HOSPITALITY-INDUSTRY.PDF) The Indian Hospitality Industry: A Comprehensive Guide to Managing COVID-19 29 Apr 2020 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2020/04/THE-INDIAN-HOSPITALITY-INDUSTRY-A- COMPREHENSIVE-GUIDE-TO-MANAGING-COVID-19-HOTELIVATE-1.PDF) Union Budget 2020: An Analysis 2 Feb 2020 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2020/02/UNION-BUDGET-2020-AN-ANALYSIS-BY-ECONOMIC- LAWS-PRACTICE.PDF) ELP - Knowledge Series - India Update - Part 4 of 2019 22 Jan 2020 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2020/01/ELP-KNOWLEDGE-SERIES-INDIA-UPDATE-PART-4-OF- 2019.PDF) Legal Obligations of Lost Properties -infra hospitium 4 Dec 2019 | READ MORE (HTTPS://ELPLAW.IN/LEADERSHIP/LEGAL-OBLIGATIONS- OF-LOST-PROPERTIES-INFRA-HOSPITIUM/) Who is liable for car theft from a hotel parking lot? A ... 3 Dec 2019 | READ MORE (HTTPS://ELPLAW.IN/LEADERSHIP/WHO-IS-LIABLE-FOR- CAR-THEFT-FROM-A-HOTEL-PARKING-LOT-A-LESSON-FOR-THE-SERVICE-INDUSTRY/) ELP - Knowledge Series - India Update - Part 3 of 2019 3 Sep 2019 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2019/09/ELP-KNOWLEDGE-SERIES-INDIA-UPDATE-PART-3-OF- 2019.PDF) OYO’s stand vindicated: What CCI ruling means for booking portal vs hotel ... 28 Aug 2019 | READ MORE (HTTPS://ELPLAW.IN/LEADERSHIP/OYOS-STAND- VINDICATED-WHAT-CCI-RULING-MEANS-FOR-BOOKING-PORTAL-VS-HOTEL-DISPUTE/) Going Bananas over Indemnities! 30 Jul 2019 | READ MORE (HTTPS://ELPLAW.IN/LEADERSHIP/GOING-BANANAS-OVER- INDEMNITIES/) ELP Knowledge Series - India Update Part 2 of 2019 7 May 2019 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2019/05/ELP-KNOWLEDGE-SERIES-INDIA-UPDATE-PART-2-OF- 2019-2-1.PDF) Prevention of sexual harassment in the hospitality industry: Whose cross is it ... 10 Apr 2019 | READ MORE (HTTPS://ELPLAW.IN/LEADERSHIP/PREVENTION-OF- SEXUAL-HARASSMENT-IN-THE-HOSPITALITY-INDUSTRY-WHOSE-CROSS-IS-IT-TO- BEAR/) https://elplaw.in/practicearea/hospitality/ 7/10

8. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice ELP Knowledge Series - India Update Part 1 of 2019 19 Feb 2019 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2019/02/ELP-KNOWLEDGE-SERIES_INDIA-UPDATE_PART-1-OF- 2019.PDF) Marriott eyes over 10% in Raheja’s Chalet Hotels 28 Jan 2019 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2019/02/MARRIOTT-EYES-OVER-10-IN-RAHEJA’S-CHALET- HOTELS-TIMES-OF-INDIA.PDF) Budget 2019: Judicial Reform Is What This Economy Needs Now 2 Feb 2019 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2019/02/BUDGET-2019-2020-V2-.PDF) Interim Union Budget 2019 - An Analysis 1 Feb 2019 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2019/02/INTERIM-UNION-BUDGET-2019-AN-ANALYSIS.PDF) ELP Knowledge Series - India Update Part 2 of 2018 10 Sep 2018 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2018/09/ELP-KNOWLEDGE-SERIES-INDIA-UPDATE-PART-2-OF- 2018.PDF) Union Budget, 2018 18 Jan 2018 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2018/08/UNION_BUDGET_2018_-_AN_EXCLUSIVE_ANALYSIS- 1.PDF) The Hospitality Industry in India - A guide to Legal Issues 5 Apr 2019 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2018/08/ELPS-HOSPITALITY-BOOK-APRIL-2019.PDF) Hospitality – Indian Legal Issues 12 Mar 2024 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2018/08/HOSPITALITY-INDIAN-LEGAL-ISSUES-AN-UPDATE.PDF) ELP Knowledge Series - India Update Part 1 of 2018 14 Jun 2018 | READ MORE (HTTPS://ELPLAW.IN/WP- CONTENT/UPLOADS/2018/08/ELP-KNOWLEDGE-SERIES-INDIA-UPDATE-PART-1-OF- 2018.PDF) Recognitions https://elplaw.in/practicearea/hospitality/ 8/10

9. 3/13/24, 1:33 PM Hospitality Lawyer | Hospitality Law| Economic Laws Practice https://elplaw.in/practicearea/hospitality/ 9/10

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