SHC DTRS, Inc.
Exhibit 10.1
SHC DTRS, Inc.
00 Xxxx Xxxxxx Xxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
September 30, 2005
VIA E-MAIL
Strategic Hotel Capital, L.L.C. |
Strategic Hotel Capital, L.L.C. |
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c/o Goldman, Sachs & Co. |
c/o Prudential Investments |
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00 Xxxxx Xxxxxx |
0 Xxxxxx Xxxxx |
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Xxx Xxxx, Xxx Xxxx 00000 |
Xxxxxxxxxx, Xxx Xxxxxx 00000 | ||||
Attn: Xxxxxxxx X. Xxxxxx |
Attn: Xxxx Xxxxxx |
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Re: |
Asset Management Agreement |
To Whom It May Concern:
Reference is hereby made to that certain Asset Management Agreement dated June 29, 2004, together with all modifications thereto (the “Agreement”) by and between Strategic Hotel Capital, L.L.C., a Delaware limited liability company (the “Client”) and SHC DTRS, Inc., a Delaware corporation (the “Manager”) under which Client retains Manager to render certain services to Client with respect to Client’s indirect ownership interests in seven (7) hotel properties set forth on Exhibit A to the Agreement (the “Hotels”).
Notwithstanding anything to the contrary contained in Paragraph 5 of the Agreement, Client and Manager hereby acknowledge and agree that with regard to the disposition of the Essex House, or any other disposition of any of the Hotels which occurs prior to January 1, 2006 (the “2005 Dispositions”), for the sole purpose of determining the Asset Management Fee (as such term is described in the Agreement), and for no other purpose whatsoever, the 2005 Dispositions shall be deemed to have occurred on January 1, 2006. Any disposition of a Hotel which occurs on or after January 1, 2006, shall be treated in accordance with the provisions of Paragraph 5 of the Agreement.
If you have any questions regarding the enclosed, or if you need any further assistance, please contact Xxxxx Xxxxxxx at (000) 000-0000 or e-mail Xxxxx at xxxxxxxx@xxxx.xxx.
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Very truly yours, |
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/s/ Xxxxxx X. Xxxxxxxx | ||||
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Xxxxxx X. Xxxxxxxx |
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Vice President, Human Capital |
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Acknowledged And Agreed To
this 3rd day of October, 2005
STRATEGIC HOTEL CAPITAL, L.L.C., a Delaware limited liability company
By: |
/s/ Xxxxxxxx Xxxxxx | |||
Name: |
Xxxxxxxx Xxxxxx |
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Title: |
Manager |
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