EXHIBIT 10.38
XXXXXX X. XXXX
0000 XXXX XXXXXX, XXXXX 0000
XXXXXX, XX 00000
as of April 14, 1997
Wyndham Management Corporation
0000 Xxxxx Xxxxx, Xxxxx 0000
Xxxxxx, XX 00000
Patriot American Hospitality, Inc.
Tri-West Plaza
0000 XXX Xxxxxxx
Xxxxx 0000
Xxxxxx, Xxxxx 00000
Re: Management Agreement dated May 10, 1995 (the "Management Agreement")
between Anatole Hotel Investors, L.P. ("Lessee") and Wyndham Hotel
Company, Ltd. ("Wyndham Ltd.")
Gentlemen/Mesdames:
This letter is to confirm our agreement with respect to the proposed
amendment to the Management Agreement, the making of a loan to fund the cost of
certain renovations to the Anatole Hotel and the granting of a right of first
offer with respect to the Anatole Hotel on terms materially in accordance with
those outlined on Schedule A attached hereto (collectively, the "Amendment"). I
agree to use all commercially reasonable and good faith efforts to cause DMC
Devco, Inc. to cause Lessee to approve and enter into the Amendment and to
obtain the consents thereto of the mortgagees of the Anatole Hotel, the partners
of Anatole Partners (the ground lessor of the Anatole Hotel), and the other
managers of DMC Devco, Inc., which consents to my knowledge constitute all of
the consents required to be obtained to effect the Amendment.
Sincerely,
/s/ Xxxxxx X. Xxxx
------------------
Xxxxxx X. Xxxx
