MOU With The World’s Largest Hotel Management Group

Sunshine Beach Resort & Residences started negotiations with The world’s largest hotel management group, in May, 2021 and held the second online meeting with them on 23 September, 2021.

• Durning the last meeting the MOU was discussed in more details;
• Terms and conditions of the MOU are being reviewed and negotiated at the moment;
• Once both sides come to a mutual agreement, the MOU will be signed.

What is MOU?
“A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It signals the willingness of the parties to move forward with a contract. The MOU can be seen as the starting point for negotiations as it defines the scope and purpose of the talks.”