AMENDMENT NO. 1 TO THE BRAEMAR MASTER PROJECT MANAGEMENT AGREEMENTManagement Agreement • August 6th, 2021 • Braemar Hotels & Resorts Inc. • Real estate investment trusts • Texas
This Amendment No. 1 to the Braemar Master Project Management Agreement (this “Amendment”), is dated and effective as of May 28, 2021, by and among BRAEMAR HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (the “Partnership”), BRAEMAR TRS CORPORATION, a Delaware corporation (“TRS”), CHH III TENANT PARENT CORP., a Delaware corporation (“CHH”), RC HOTELS (VIRGIN ISLANDS), INC., a US Virgin Islands corporation (together with TRS, CHH and any taxable REIT subsidiaries of the Partnership hereafter existing, “Lessee”), and PREMIER PROJECT MANAGEMENT LLC (f/k/a PROJECT MANAGEMENT LLC), a Maryland limited liability company (the “Manager”). All capitalized terms appearing herein that are not otherwise shall have the meanings ascribed to them in the Braemar Master Project Management Agreement, dated August 8, 2018, by and among the parties hereto (the “Master Agreement”).
