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EXHIBIT 10.68
ASSIGNMENT OF VERTICAL CLUB LEASE
APRIL 15, 1998
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RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO
NAME: The Sports Club Company, Inc.
ADDRESS: 00000 Xxxxx Xxxxxx Xxxxxxxxx
Xxxxx 000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Attention: Real Estate Department
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ASSIGNMENT OF LEASE
KNOW ALL MEN BY THESE PRESENTS, that HILTON HOTELS CORPORATION, a Delaware
corporation having an address at 0000 Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx,
Xxxxxxxxxx, hereby assigns to THE SPORTS CLUB COMPANY, a Delaware corporation
having an address at 00000 Xxxxx Xxxxxx Xxxxxxxxx, Xxx Xxxxxxx, Xxxxxxxxxx, all
right, Title and interest of Hilton Hotels Corporation in and to that certain
Amended and Restated Net Operating Lease dated as of March 26, 1985, by and
among XXXXXXXXXX REALTY CLUB CORPORATION and 328 E. 61 CORP., as landlord, and
VERTICAL FITNESS AND RACQUET CLUB, LTD., as tenant; Hilton Hotels Corporation is
successor to said tenant.
Xxxx Xxxxxxx and Restated Net Operating Lease is evidenced by a
Memorandum of Lease and Restrictive Covenants dated as of March 26, 1985 and
recorded on April 16, 1985 in New York County Office of the Register of the City
of New York, at Reel 898, Page 239.
By accepting this Assignment, The Sports Club Company hereby assumes all
obligations of the tenant under said Xxxxxxx and Restated Net Operating Lease.
IN WITNESS WHEREOF, Hilton Hotels Corporation has executed this
Assignment in form proper and sufficient in law to bind it, as of the 15th day
of April, 1998.
HILTON HOTELS CORPORATION,
a Delaware corporation
By: /s/ Xxxxxxx X. Xxxxxxx
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Its: Vice President
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AGREED TO AND ACCEPTED BY:
THE SPORTS CLUB COMPANY, INC.,
a Delaware corporation
By: /s/ Xxxxx X. Xxxxx
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Its: CEO
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