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EXHIBIT 10.2.25
SCHEDULE OF MATERIAL DIFFERENCES AMONG PERCENTAGE LEASES
The following lists of material differences between the Percentage
Lease filed as Exhibit 10.2 and the Percentage Lease identified by the Exhibit
number below and is being filed pursuant to Instruction 2 to Item 601 of
Regulation S-K.
Exhibit Percentage Lease Annual Base Percentage Rent
Number Description Rent Formula
------ ----------- ---- -------
10.2.25 Lease Agreement dated as of $867,100 25.9% of room revenue up
January 17, 1997 by and between to $3,347,876, plus 62% of
Sunstone Hotel Investors, L.P., as room revenue in excess of
lessor and Sunstone Hotel $3,347,876 plus 5% of
Properties, Inc., as lessee, for the food and beverage
Holiday Inn located in San Diego, revenue, plus 100% of
California. sublease and concession
revenue and other net
revenues.
