OPERATING AGREEMENT OF IHR INVEST HOSPITALITY HOLDINGS, LLC by and among HOTEL INVEST DEUCE MM, LLC, as Managing Member, and HOTEL INVEST DEUCE LP, LLC, and INTERSTATE INVEST, LLC, as Non-Managing Members. Dated as of September ___, 2007Operating Agreement • November 8th, 2007 • Interstate Hotels & Resorts Inc • Hotels & motels • Delaware
OPERATING AGREEMENT (this “Agreement”) of IHR INVEST HOSPITALITY HOLDINGS, LLC (the “Company”), dated as of September ___, 2007, by and among HOTEL INVEST DEUCE MM, LLC, a Delaware limited liability company, having an address at 280 Park Avenue, New York, New York 10017, as managing member (the “III Manager” or the “Managing Member”), and HOTEL INVEST DEUCE LP, LLC, a Delaware limited liability company, having an address at 280 Park Avenue, New York, New York 10017 (the “III Non-Managing Member”) and INTERSTATE INVEST, LLC, a Delaware limited liability company, having an address at 4501 North Fairfax Drive, Suite 500, Arlington, Virginia 22203 (the “Partner Non-Managing Member”), as non-managing members (the III Non-Managing Member and the Partner Non-Managing Member are, collectively, the “Non-Managing Members”). (The Managing Member and the Non-Managing Members are sometimes herein collectively referred to as the “Members”).
