HOTEL MANAGEMENT AGREEMENT between PHR CHERRY OPCO SUB, LLC as Owner and PHR CHERRY TREE HOTEL MANAGER, LLC as Manager FOR Cherry Tree Inn and Suites HOTEL MANAGEMENT AGREEMENTHotel Management Agreement • June 9th, 2021 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts • Michigan
This Hotel Management Agreement (the "Agreement") made as of this 3rd day of June 2021 (the “Effective Date”) between PHR CHERRY OPCO SUB, LLC, a Michigan limited liability company (the "Owner") and PHR CHERRY TREE HOTEL MANAGER, LLC, a Michigan limited liability company, as Manager ("Manager"),
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • June 9th, 2021 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts • Michigan
THIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made as of the 28th day of April, 2021, by and between PRIDE ONE CHERRY TREE, LLC, an Ohio limited liability company, and IPN-PRIDE INVESTMENT HOLDINGS, LLC, an Ohio limited liability company (collectively the “Seller”), and THE PROCACCANTI GROUP, LLC, a Rhode Island limited liability company (“Buyer”), with reference to the following:
MORTGAGE ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILINGMortgage • June 9th, 2021 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts • Michigan
THIS MORTGAGE (“Mortgage”) made as of June 3, 2021, PRIDE ONE CHERRY TREE, LLC, an Ohio limited liability company and IPN-PRIDE INVESTMENT HOLDINGS, LLC, an Ohio limited liability company (collectively, “Mortgagor”), whose address is 2211 Medina Road, Suite 100, Medina, OH 44256, in favor of PHR OP LENDER SUB, LLC, a Michigan limited liability company (“Mortgagee”), whose address is 1140 Reservoir Ave., Cranston, RI 02920-6320.
ASSIGNMENT OF PURCHASE AND SALE AGREEMENTAssignment of Purchase and Sale Agreement • June 9th, 2021 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts • Michigan
This ASSIGNMENT OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is made as of June 3, 2021, by and among THE PROCACCIANTI GROUP, llc, a Rhode Island limited liability company (“Assignor”), PHR CHERRY PROPCO, LLC, a Michigan limited liability company (“Assignee”), and PHR OP LENDER SUB, LLC, a Michigan limited liability company (“TPG Lender”).
GROUND LEASE by and between PRIDE ONE CHERRY TREE, LLC, an Ohio limited liability company, and IPN-PRIDE INVESTMENT HOLDINGS, LLC, an Ohio limited liability company, collectively, as Landlord and PHR CHERRY PROPCO, LLC, a Michigan limited liability...Ground Lease • June 9th, 2021 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts
THIS GROUND LEASE (this “Lease”) is made and entered into effective as of June 3, 2021 (the “Effective Date”), by and between PRIDE ONE CHERRY TREE, LLC, an Ohio limited liability company, and IPN-PRIDE INVESTMENT HOLDINGS, LLC, an Ohio limited liability company (collectively, “Landlord”), and PHR CHERRY PROPCO, LLC, a Michigan limited liability company (“Tenant”).
