Burnett v. Holiday Inns of America

Paul Ward, Associate Justice.

On March 5, 1964 John Burnett and his wife, appellants, entered into a written contract with Holiday Inns of America, Inc., appellees. In this contract appellants agreed “to enter into a lease within thirty (30) days from date hereof . . .” covering 3 acres of land (definitely described) upon which appellees were to construct a 48 room motel.

According to the contract the lease was to contain, among other things, the following items:

1. The lease to run 10 years and to he renewable for 9 additional 10 year periods.

“2. Lessee shall pay to lessor the sum equivalent to…