Contract
Exhibit 10.13
Schedule to Exhibit 10.13
There are 10 management agreements with Sonesta International Hotels Corporation for full service hotels, a representative form of which is filed as an exhibit to our Current Report on Form 8-K dated April 23, 2012 and which is incorporated herein by reference. The other 9 management agreements, with the respective parties and applicable to the respective hotels listed below, are substantially identical in all material respects to the representative form of management agreement.
Owner | Hotel | Landlord | Date of Agreement | Effective Date | Invested Capital Amount | Section 2.02(1) Date | |||||||
Cambridge TRS, Inc. | Royal Sonesta Cambridge 00 Xxxxx X. Xxxx Xxxxxxxxx Xxxxxxxxx, XX 00000 | HPT Cambridge LLC | January 31, 2012 | January 31, 2012 | $ | 120,000,000 | January 31, 2015 | ||||||
Cambridge TRS, Inc. | Royal Sonesta Harbor Court Baltimore 550 Light Street Baltimore, MD | Harbor Court Associates, LLC | May 31, 2012 | May 31, 2012 | $ | 47,296,000 | January 31, 2015 | ||||||
Cambridge TRS, Inc. | Sonesta Hotel Xxxxxxxxxxxx 0000 Xxxxxx Xxxxxx Xxxxxxxxxxxx, XX | HPT IHG-2 Properties Trust | June 18, 2012 | June 18, 2012 | $ | 32,500,000 | January 1, 2015 | ||||||
Cambridge TRS, Inc. | Royal Sonesta Houston Hotel 0000 Xxxx Xxxx Xxxxx Xxxxxxx, XX | HPT IHG-2 Properties Trust | July 16, 2012 | July 16, 2012 | $ | 70,671,350 | January 1, 2016 | ||||||
Cambridge TRS, Inc. | Sonesta Gwinnett Place 0000 Xxxxxxxx Xxxx Xxxx Xxxxxx, XX | HPT Cambridge LLC | February 26, 2013 | May 17, 2013 | $ | 31,000,000 | January 1, 2017 | ||||||
Cambridge TRS, Inc. | Royal Sonesta New Orleans 000 Xxxxxxx Xxxxxx Xxx Xxxxxxx, XX | Royal Sonesta, Inc. | June 28, 2013 | June 28, 2013 | $ | 151,000,000 | January 1, 2016 | ||||||
Cambridge TRS, Inc. | Sonesta Fort Lauderdale 000 Xxxxx Xxxx Xxxxxxxxxx Xxxxx Xxxxxxxxx Xxxx Xxxxxxxxxx, XX | HPT IHG-2 Properties Trust | May 30, 2014 | May 30, 2014 | $ | 65,000,000 | January 1, 2018 | ||||||
Cambridge TRS, Inc. | Sonesta Silicon Valley 0000 Xxxxxx Xxxx Xxxxxxxx, XX | HPT IHG-2 Properties Trust | December 5, 2016 | December 5, 2016 | $ | 46,000,000 | January 1, 2020 | ||||||
Cambridge TRS, Inc. | Royal Sonesta Chase Park Plaza 212-000 Xxxxxxxxxxxx Xxxxxxxxx Xx. Xxxxx, MO | HPT IHG-2 Properties Trust | June 2, 2017 | June 2, 2017 | $ | 87,750,000 | January 1, 2021 | ||||||
(1) In November 2017, we and Sonesta International Hotels Corporation converted approximately half of the rooms in the Sonesta Gwinnett Place hotel in Duluth, GA into limited service rooms, and amended the applicable management agreement with respect to the base management fees Sonesta earns on those rooms.
