Terms and Conditions
Welcome to Rely Hotels, LLC and it's affiliates including but not limited to: Nate Associates, LLC (of Iowa), ("Company", "we", "our", "us"). These Terms and Conditions govern your use of our websites and outline the general terms under which we provide our hotel management services and shall be accepted by all who utilize our site, services and our clients. These terms are in addition to any HMA's or other agreements.
By accessing or using our Site, and by engaging our services, you agree to be bound by these Terms and Conditions.
1. Services Provided
The company provides comprehensive hotel management, operational oversight, consulting, and advisory services to hotel owners and investors. The specific scope of services for any individual property will be governed by a separate, fully executed Hotel Management Agreement (HMA).
2. Intellectual Property
All content, materials, logos, trademarks, data, and operational systems displayed on this Site are the exclusive property of the company or its licensors. You may not copy, reproduce, distribute, or create derivative works from any material on this Site without our express written consent.
3. Confidentiality
Any proprietary financial models, operational manuals, and proprietary data shared by the Company with Owners or prospective clients remain highly confidential. Users agree not to disclose this information to third parties without prior written authorization from the Company, except as required by law.
4. Sale of Hotel Asset and Early Termination Buy-Out
In the event that a hotel ownership entity (the "Owner") sells a hotel asset currently managed by us, triggering an early termination of the active Hotel Management Agreement (HMA), or in any event(s) that trigger an early termination of the HMA, a mandatory buy-out provision shall immediately go into effect.
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Payment Timeline: The Owner shall promptly, and in no event later than ten (10) days after the closing of the sale, pay the Company a termination buy-out fee.
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Buy-Out Calculation: The buy-out fee for the remainder of the agreed-upon term shall be calculated as a multiple of recent earnings. Specifically, the fee will be the average monthly base management fee multiplied by twelve (12) (equivalent to one year of base management fees), multiplied by the remainder of the term left on the HMA.
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Duty to Disclose: It is the strict and sole responsibility of the Owner to fully disclose the existence, status, and terms of any active HMA with the Company to all potential buyers, lenders, real-estate professionals, brokers, and any other relevant parties prior to the execution of any sale agreement.
5. Disposition and Sale Assistance Fee
In the event that the Company assists the Owner in the sale or disposition of the hotel asset—including, but not limited to, providing consultation, advisory services, or the facilitation, preparation, and distribution of documents (financials, operational reports, or otherwise)—the Company shall be entitled to an additional disposition fee.
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Fee Amount: The disposition fee shall be equal to one percent (1%) of the GROSS sale price of the hotel asset.
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Payment Timeline: This fee shall be paid by the Owner (seller) directly to the Company within ten (10) days following the closing of the sale of the hotel asset.
6. Limitation of Liability
To the maximum extent permitted by applicable law, the company shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, data, or goodwill, arising out of or related to your use of the Site or the business decisions made based on the information provided herein.
7. Indemnification
You agree to indemnify, defend, and hold harmless Rely Hotels & Nate Associates, LLC and their affilites, its officers, directors, employees, and agents from and against any claims, liabilities, damages, judgments, awards, losses, costs, or expenses (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms and Conditions or your use of the Site.
8. Arbitration
You, the user and/or the client agrees that in the event of any disputes with the company, its officers, directors employees, contractors, agents and affiliates; such matters shall be handled via arbitration using a neutral third party licensed mediator approved by the company; you further waive all of your rights to file lawsuits or join in class action law suits against the company and its affiliates.
9. Governing Law and Jurisdiction
These Terms and Conditions and any disputes arising out of or related to them or the services provided by the Company shall be governed by and construed in accordance with the laws of the State of IOWA, USA, without regard to its conflict of law principles. Any legal action or proceeding shall be brought exclusively in the state or federal courts located in Polk County, Iowa, USA.
10. Modifications to Terms
We reserve the right to modify or replace these Terms and Conditions at any time. Any changes will be posted on this page. Your continued use of the Site and our services following any such changes constitutes your acceptance of the new Terms and Conditions. Our teams may do their best to send notice of updates however, it is the sole responsibility of the user to check this page for updates to the terms and conditions of the company.
11. Contact Us
If you have any questions about these Terms and Conditions, please contact us, using "ATTN: Legal" in the subject, at: