Schedule for Hotel Lease Agreement Dated as of June 8, 2004 Between Apple Six Hospitality, Inc., as Lessor, and Apple Six Hospitality Management, Inc., as Lessee Setting Forth Information on One Hotel which, except for the information below, is...
Exhibit 10.6
Schedule
for
Dated as of June 8, 2004
Between
Apple Six Hospitality, Inc., as Lessor, and
Apple Six Hospitality Management, Inc., as Lessee
Setting Forth Information on One Hotel
which, except for the information below,
is substantially similar to the
Dated as of May 28, 0000
Xxxxxxx
Xxxxx Xxx Xxxxxxxxxxx Xxxxx, L.P., as Lessor, and
Apple Six Services, L.P., as Lessee
| A. | BASE RENT and COMMENCEMENT DATE |
| Hotel |
Base Rent |
Commencement Date |
Lessor |
Lessee | |||||
| Courtyard by Marriott – Myrtle Beach, South Carolina |
$ | 842,634.00 | June 8, 2004 | Apple Six Hospitality, Inc. |
Apple Six Hospitality Management, Inc. | ||||
| B. | SUITE REVENUE BREAKPOINTS |
| Quarters |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 | ||||||||||||||||||||||
| 1st Quarter |
$ | 0 | $ | 171,723 | $ | 175,158 | $ | 178,661 | $ | 182,234 | $ | 185,879 | $ | 189,596 | $ | 193,388 | $ | 197,256 | $ | 201,201 | $ | 205,225 | |||||||||||
| 2nd Quarter |
$ | 0 | $ | 343,447 | $ | 350,316 | $ | 357,322 | $ | 364,468 | $ | 371,758 | $ | 379,193 | $ | 386,777 | $ | 394,512 | $ | 402,402 | $ | 410,450 | |||||||||||
| 3rd Quarter |
$ | 169,836 | $ | 515,170 | $ | 525,473 | $ | 535,983 | $ | 546,702 | $ | 557,636 | $ | 568,789 | $ | 580,165 | $ | 591,768 | $ | 603,604 | $ | 615,676 | |||||||||||
| 4th Quarter |
$ | 390,623 | $ | 686,893 | $ | 700,631 | $ | 714,644 | $ | 728,937 | $ | 743,515 | $ | 758,386 | $ | 773,553 | $ | 789,024 | $ | 804,805 | $ | 820,901 | |||||||||||
