Master Hotel Lease Agreement Schedule for Residence Inn by Marriott Bossier

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Summary

This schedule is part of a Master Hotel Lease Agreement between RIBM Two LLC (Owner/Lessor) and Bossier Res II Limited Partnership (Lessee) for the Residence Inn by Marriott in Bossier City, Louisiana. It outlines the base rent of $387,260 and details the suite revenue breakpoints for each quarter from 2002 to 2012. The document specifies the financial terms under which the lessee will lease and operate the hotel property from the owner.

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EX-10.3 12 dex103.txt EXHIBIT 10.3 EXHIBIT 10.3 Schedule Information on substantially identical Master Hotel Lease Agreement (Document is identical, except as set forth below, to the document included as Exhibit 10.2) TABLE A Hotel, Owner/Lessor and Lessee
Hotel Subject to Lease Hotel Owner / Lessor Lessee - ---------------------- -------------------- ------- Residence Inn(R) By Marriott(R) Bossier RIBM Two LLC Bossier Res II Limited Partnership Shreveport - Bossier City (LA)
TABLE B Base Rent and Suite Revenue Breakpoints for Hotel Identified on this Schedule Base Rent is $387,260 Suite Revenue Breakpoints are:
- --------------------------------------------------------------------------------------------------------------------------- Quarters 2002 2003 2004 2005 2006 2007 2008 2009 2010 -------- ---- ---- ---- ---- ---- ---- ---- ---- ---- 1st Quarter $ 253,661 $ 258,735 $ 263,909 $ 269,188 $ 274,571 $ 280,063 $ 285,664 $ 291,377 2nd Quarter $ 507,323 $ 517,469 $ 527,819 $ 538,375 $ 549,143 $ 560,126 $ 571,328 $ 582,755 3rd Quarter $ 260,506 $ 760,984 $ 776,204 $ 791,728 $ 807,563 $ 823,714 $ 840,188 $ 856,992 $ 874,132 4th Quarter $ 358,232 $1,014,646 $1,034,939 $1,055,638 $1,076,750 $1,098,285 $1,120,251 $1,142,656 $1,165,509 - --------------------------------------------------------------------------------------------------------------------------- - -------------------------------------- Quarters 2011 2012 -------- ---- ---- 1st Quarter $ 297,205 $ 303,149 2nd Quarter $ 594,410 $ 606,298 3rd Quarter $ 891,615 $ 909,447 4th Quarter $1,188,819 $1,212,596 - --------------------------------------