HOTEL SERVICES AGREEMENT (Andaz Condesa Mexico City) between OPERADORA HOTELERA I421, S.A. DE C.V. and HYATT OF MEXICO S.A. DE C.V. May 11, 2022Hotel Services Agreement • January 30th, 2024 • Murano Global Investments LTD • Hotels & motels
For purposes of this Agreement, and for the avoidance of doubt, the Hyatt Operated Limited Shared Common Area and Facilities, including without limitation the Event Space and the Spa & Fitness Area, as designated on Exhibits A-2, A-3, and A-4, shall be included in the definition of the “Hotel” to be operated by Hyatt subject to this Agreement. The Common Areas and Facilities, and the Accor Operated Limited Shared Common Area and Facilities, including, without limitation, the Three Meal Restaurant, shall be considered Non-Hotel Component(s) and, for the avoidance of doubt, are not included in the “Hotel”.
LOAN AGREEMENT entered into by and between MURANO WORLD, S.A. DE C.V. as Borrower, and ALG SERVICIOS FINANCIEROS MÉXICO, S.A. DE C.V., SOFOM E.N.R, SOFOM. as Creditor Dated March 29, 2023Loan Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
LOAN AGREEMENT (“AGREEMENT”) DATED MARCH 29, 2023, ENTERED INTO BY AND BETWEEN MURANO WORLD, S.A. DE C.V., AS BORROWER (“BORROWER”); AND ALG SERVICIOS FINANCIEROS MÉXICO, S.A. DE C.V., SOFOM E.N.R., AS CREDITOR (“CREDITOR”); PURSUANT TO THE FOLLOWING REPRESENTATIONS AND CLAUSES AND USING THE CAPITALIZED TERMS DEFINED IN CLAUSE ONE OF THIS AGREEMENT.
AMENDMENT AND RESTATEMENT AGREEMENT (THE “AMENDMENT” ) TO THE LEASE AGREEMENT (“THE AGREEMENT”) ENTERED INTO BY AND BETWEEN INMOBILIARIA INSURGENTES 42, S.A. DE C.V., REPRESENTED BY MARCOS SACAL COHEN (THE “LESSOR”), AND OPERADORA HOTELERA I421, S.A....Lease Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
ONE. On October 10, 2018, the Lessor and the Lessee executed a LEASE AGREEMENT for the Lessor to lease the Hotel to the Lessee under the terms and conditions set forth therein (hereinafter “THE AGREEMENT”) regarding the Property located at Insurgentes Sur 421, Colonia Condesa, Alcaldía Cuahtémoc, Mexico City, Mexico, composed of three buildings where a hotel is being developed with a total area of 5,200 square meters (hereinafter called the “PROPERTY”).
HOTEL OPERATION AND MANAGEMENT SERVICES AGREEMENT entered into by and between AMR OPERACIONES MX, S. DE R.L. DE C.V. (AMR) and OPERADORA HOTELERA G I., S.A. DE C.V. (Owner) SEPTEMBER 10, 2019Hotel Operation and Management Services Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
Mr. Ruben Reyes Gil AMR Operaciones MX. S. de R.L. de C.V. Blvd, Kukulcan km 9.5 s/n Zona Hotelera, C.P. 77500 Cancun, Quintana Roo, MexicoHotel Operation and Management Agreement • March 27th, 2024 • Murano Global Investments LTD • Hotels & motels
We refer to the Hotel Operation and Management Agreement, entered into between by and between AMR Operaciones MX. S. de R.L. de C.V. (“AMR”) and OPERADORA HOTELERA GRAND ISLAND II, S.A. DE C.V. (“Owner”), dated August 23, 2021, whereby AMR agrees to provide operating services to the hotels to be developed within the Grand Island Cancun project (second tourist stage), located at Blvd. Kukulcan km 16.5, lot 56-A-l and 56-A-2, Zona Hotelera, Zip Code 77500, Cancun, Quintana Roo, Mexico (the “Agreement”), a copy of which is attached hereto as Exhibit “A”. Capitalized terms used herein that are not expressly defined herein shall have the meanings given to such terms in the Agreement.
ContractHotel Operation and Management Services Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
AMENDMENT TO THE HOTEL OPERATION AND MANAGEMENT SERVICES AGREEMENT DATED JULY 11, 2023 (“AGREEMENT”) ENTERED INTO BY AND BETWEEN AMR OPERACIONES MX, S. DE R.L. DE C.V. (“AMR”), REPRESENTED HEREIN BY RUBÉN REYES GIL, AND OPERADORA HOTELERA GI, S.A. DE C.V. REPRESENTED HEREIN BY LAURA ISABEL CASTILLO SOLÍS (THE “OWNER”, AND JOINTLY WITH AMR, THE “PARTIES”), , PURSUANT TO THE FOLLOWING RECITALS, REPRESENTATIONS, AND CLAUSES:
THIRD MODIFICATORY AGREEMENT DATED DECEMBER 11, 2023, TO THE CREDIT AGREEMENT DATED AS OF OCTOBER 16, 2019, ENTERED BY:Credit Agreement • January 30th, 2024 • Murano Global Investments LTD • Hotels & motels
FIRST.- On October 16, 2019, the “LENDER”, in such capacity; the “BORROWER”, in such capacity; and the “JOINT OBLIGATOR”, in such capacity, entered into a Credit Agreement up to the less resulted amount between (i) $606,468,496.00 Pesos National Currency, and (ii) 80% of the VAT paid during the construction of the project consisting of the buildings, land, equipment, facilities, furniture, common areas and other assets necessary for the use of the first phase of the tourism project identified as “Grand lsland”, whose main components will be the “Hotel Dreams” and the “Hotel Vivid”, whose signatures were ratified by document number 224,045 dated October 16, 2019 granted by Lic. Cecilio González Márquez, Notary Public number 151 of Mexico City, hereinafter “IVA CREDIT”.
ContractSimple Credit Opening Agreement • May 1st, 2024 • Murano Global Investments LTD • Hotels & motels
TO BE RATIFIED BEFORE A PUBLIC NOTARY]Re-Expression Agreement • May 1st, 2024 • Murano Global Investments LTD • Hotels & motels
RE-EXPRESSION AGREEMENT (THE “AGREEMENT”) ENTERED INTO ON DECEMBER 20, 2023 TO THE SIMPLE LOAN AGREEMENT WITH MORTGAGE GUARANTEE, DATED OCTOBER 4, 2019, ENTERED INTO BY AND BETWEEN:
LOAN AGREEMENT DATED OCTOBER 16, 2019 between CIBanco, S.A., Institución de Banca Múltiple, as trustee of the trust agreement identified with number CIB/3001, as Borrower, Operadora Hotelera G.I., S.A. de C.V., as Joint and Several Obligor, and Banco...Loan Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
Mr. Ruben Reyes Gil AMR Operaciones MX. S. de R.L. de C.V. Blvd, Kukulcan km 9.5 s/n Zona Hotelera, C.P. 77500 Cancun, Quintana Roo, MexicoHotel Operation and Management Agreement • March 27th, 2024 • Murano Global Investments LTD • Hotels & motels
We refer to the Hotel Operation and Management Agreement, entered into between by and between AMR Operaciones MX. S. de R.L. de C.V. (“AMR”) and OPERADORA HOTELERA GI, S.A. DE C.V. (“Owner”), dated September 11, whereby AMR agrees to provide operating services to the hotels to be developed within the Grand Island Cancun project, located at Blvd. Kukulcan km 16.5, lot 56-A-l and 56-A-2, Zona Hotelera, Zip Code 77500, Cancun, Quintana Roo, Mexico (the “Agreement”), a copy of which is attached hereto as Exhibit “A”. Capitalized terms used herein that are not expressly defined herein shall have the meanings given to such terms in the Agreement.
Finamo trademark and slogan]Framework Lease Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
FRAMEWORK LEASE AGREEMENT (THE “AGREEMENT”) BETWEEN ARRENDADORA FÍNAMO, S.A. DE C.V., AS LESSOR, HEREINAFTER REFERRED TO AS THE “LESSOR”, MURANO WORLD SA DE CV, AS LESSEE, HEREINAFTER REFERRED TO AS THE “LESSEE”, MARCOS SACAL COHEN, AS LEGAL DEPOSITORY (HEREINAFTER THE “DEPOSITARY”), AND EDIFICACIONES BVG SA DE CV, MARCOS SACAL COHEN, AND ELIAS SACAL CABABIE, AS JOINT AND SEVERAL OBLIGOR(S), HEREINAFTER COLLECTIVELY REFERRED TO AS THE “JOINT AND SEVERAL OBLIGORS”, PURSUANT TO THE REPRESENTATIONS AND CLAUSES BELOW:
ContractLoan Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
SECOND AMENDMENT DATED FEBRUARY 14, 2023 TO THE LOAN AGREEMENT DATED OCTOBER 16, 2019, EXECUTED BY BANCO NACIONAL DE COMERCIO EXTERIOR, S.N.C., INSTITUCIÓN DE BANCA DE DESARROLLO, HEREINAFTER "LENDER", REPRESENTED BY YVETTE VALENZUELA BECERRA AND JULIO CESAR ROMAN PEDRAZA, AND CIBANCO, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, AS TRUSTEE OF TRUST AGREEMENT NUMBER CIB/3001, HEREINAFTER THE "BORROWER", REPRESENTED BY ITS TRUST OFFICERS JUAN PABLO BAIGTS LASTIRI AND GERARDO IBARROLA SAMANIEGO, WITH THE APPEARANCE OF OPERADORA HOTELERA G I., S.A. DE C.V., HEREINAFTER THE "JOINT AND SEVERAL OBLIGOR", HEREINAFTER THE "BORROWER", REPRESENTED BY ITS TRUSTEES JUAN PABLO BAIGTS LASTIRI AND GERARDO IBARROLA SAMANIEGO, HEREINAFTER THE "JOINT AND SEVERAL OBLIGOR", REPRESENTED BY MARCOS SACAL COHEN JOINTLY REFERRED TO AS THE "PARTIES", PURSUANT TO THE FOLLOWING RECITALS, REPRESENTATIONS, AND CLAUSES:
LOAN AGREEMENT DATED SEPTEMBER 29, 2022, AS AMENDED AND RESTATED ON MAY 25, 2023 (“AGREEMENT”), ENTERED INTO BY AND BETWEEN: Pursuant to the following recitals, representations, and clauses:Loan Agreement • January 12th, 2024 • Murano Global Investments LTD • Hotels & motels
ONE. On October 3, 2018, the Borrower, in such capacity, and the Creditor, in such capacity, with the appearance of the Original Joint and Several Obligor, as Joint and Several Obligor, entered into a certain Loan Agreement for up to the amount of USD$49,753,000.00 (forty-nine million seven hundred fifty-three thousand and 00/100 Dollars) (as amended from time to time, including, without limitation, the rescheduling agreement dated June 19, 2020, the first amendment dated June 25, 2021, and the second amendment dated May 11, 2022, collectively, the “Original Loan Agreement”) to, among other purposes, finance the costs of the Hotel Remodeling (as defined in the Original Loan Agreement).
LOAN AGREEMENT WITH MORTGAGE GUARANTEE entered into by and between CIBANCO, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, AS TRUSTEE OF TRUST NUMBER CIB/3001, DENOMINATED BY THE PARTIES AS “MURANO 2000 TRUST”, as Borrower, OPERADORA HOTELERA G.I., S.A. DE...Loan Agreement With Mortgage Guarantee • January 30th, 2024 • Murano Global Investments LTD • Hotels & motels
