Schedule Setting Forth Information on Twenty Two Additional and Substantially Identical Hotel Lease Agreements
Contract Categories:
Real Estate
- Lease Agreements
EX-10.40 17 dex1040.htm EXHIBIT 10.40 Exhibit 10.40
Exhibit 10.40
Schedule
Setting Forth Information on
Twenty Two Additional and Substantially Identical Hotel Lease Agreements
(Except as set forth below in charts labeled Parts A, B and C,
documents are substantially identical to the document
included as Exhibit 10.39 of this filing, except for immaterial variations)
| A. | Franchises, Parties and Managers |
| Hotel | Lessor (Preamble) | Lessee (Preamble) | ||
| Greensboro, North Carolina | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Lubbock, Texas | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Akron, Ohio | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Kalamazoo, Michigan | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Clearwater/St. Petersburg, Florida | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Boston/Danvers, Massachusetts | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Irvine, California | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Arcadia, California | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Chicago/Deerfield, Illinois | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Memphis, Tennessee | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Birmingham, Alabama | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Placentia, California | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Pensacola, Florida | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Santa Fe, New Mexico | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Boca Raton, Florida | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Columbia, South Carolina | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Berwyn/Valley Forge, Pennsylvania | Marriott Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Las Vegas, Nevada | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Shreveport/Bossier City, Louisiana | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Jackson, Mississippi | AHT Residence Inn II Limited Partnership | AHM Res II Limited Partnership | ||
| Charlotte, North Carolina | AHT Carolina Limited Partnership | AHM Carolina Limited Partnership | ||
| Spartanburg, South Carolina | AHT Carolina Limited Partnership | AHM Carolina Limited Partnership | ||
| B. | Annual Base Rents and Lease Commencement Dates |
| Hotel | Annual Base Rent (Schedule 3.1(a) to | ||
| Greensboro, North Carolina | $ | 745,874 | |
| Lubbock, Texas | $ | 617,744 | |
| Akron, Ohio | $ | 717,253 | |
| Kalamazoo, Michigan | $ | 795,826 | |
| Clearwater/St. Petersburg, Florida | $ | 819,035 | |
| Boston/Danvers, Massachusetts | $ | 1,079,342 | |
| Irvine, California | $ | 1,210,783 | |
| Arcadia, California | $ | 1,493,579 | |
| Chicago/Deerfield, Illinois | $ | 1,229,827 | |
| Memphis, Tennessee | $ | 447,126 | |
| Birmingham, Alabama | $ | 719,083 | |
| Placentia, California | $ | 913,232 | |
| Pensacola, Florida | $ | 314,300 | |
| Santa Fe, New Mexico | $ | 1,019,003 | |
| Boca Raton, Florida | $ | 769,582 | |
| Columbia, South Carolina | $ | 869,880 | |
| Berwyn, Valley Forge, Pennsylvania | $ | 907,350 | |
| Las Vegas, Nevada | $ | 2,279,662 | |
| Shreveport/Bossier City, Louisiana | $ | 387,260 | |
| Jackson, Mississippi | $ | 468,462 | |
| Charlotte, North Carolina | $ | 322,576 | |
| Spartanburg, South Carolina | $ | 255,346 |
(See Part C beginning on next page)
| C. | Suite Revenue Breakpoints (Exhibit 3.1(b) to Lease) |
For Residence Inn by Marriott in Greensboro, North Carolina:
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 731,801 | $ | 1,532,656 | $ | 1,563,309 | $ | 1,594,575 | $ | 1,626,467 | $ | 1,658,996 | $ | 1,692,176 | $ | 1,726,019 | $ | 1,760,540 | $ | 1,795,751 | $ | 1,831,666 | |||||||||||
| For Residence Inn by Marriott in Lubbock, Texas: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 456,816 | $ | 1,063,948 | $ | 1,085,227 | $ | 1,106,931 | $ | 1,129,070 | $ | 1,151,651 | $ | 1,174,684 | $ | 1,198,178 | $ | 1,222,142 | $ | 1,246,584 | $ | 1,271,516 | |||||||||||
| For Residence Inn by Marriott in Akron, Ohio: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 607,446 | $ | 1,279,339 | $ | 1,304,925 | $ | 1,331,024 | $ | 1,357,644 | $ | 1,384,797 | $ | 1,412,493 | $ | 1,440,743 | $ | 1,469,558 | $ | 1,498,949 | $ | 1,528,928 | |||||||||||
| For Residence Inn by Marriott in Kalamazoo, Michigan: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 360,166 | $ | 805,041 | $ | 821,142 | $ | 837,565 | $ | 854,316 | $ | 871,403 | $ | 888,831 | $ | 906,607 | $ | 924,740 | $ | 943,234 | $ | 962,099 | |||||||||||
| For Residence Inn by Marriott in Clearwater/St. Petersburg, Florida: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 558,070 | $ | 999,105 | $ | 1,019,087 | $ | 1,039,469 | $ | 1,060,258 | $ | 1,081,464 | $ | 1,103,093 | $ | 1,125,155 | $ | 1,147,658 | $ | 1,170,611 | $ | 1,194,023 | |||||||||||
For Residence Inn by Marriott in Boston/Danvers, Massachusetts:
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 366,287 | $ | 970,915 | $ | 990,333 | $ | 1,010,140 | $ | 1,030,342 | $ | 1,050,949 | $ | 1,071,968 | $ | 1,093,408 | $ | 1,115,276 | $ | 1,137,581 | $ | 1,160,333 | |||||||||||
| For Residence Inn by Marriott in Irvine, California: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 403,101 | $ | 875,723 | $ | 893,238 | $ | 911,103 | $ | 929,325 | $ | 947,911 | $ | 966,869 | $ | 986,207 | $ | 1,005,931 | $ | 1,026,050 | $ | 1,046,571 | |||||||||||
| For Residence Inn by Marriott in Arcadia, California: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 240,743 | $ | 503,073 | $ | 513,135 | $ | 523,397 | $ | 533,865 | $ | 544,543 | $ | 555,433 | $ | 566,542 | $ | 577,873 | $ | 589,430 | $ | 601,219 | |||||||||||
| For Residence Inn by Marriott in Chicago/Deerfield, Illinois: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 456,291 | $ | 993,074 | $ | 1,012,935 | $ | 1,033,194 | $ | 1,053,858 | $ | 1,074,935 | $ | 1,096,434 | $ | 1,118,363 | $ | 1,140,730 | $ | 1,163,544 | $ | 1,186,815 | |||||||||||
| For Residence Inn by Marriott in Memphis, Tennessee: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 803,016 | $ | 1,778,960 | $ | 1,814,539 | $ | 1,850,830 | $ | 1,887,846 | $ | 1,925,603 | $ | 1,964,115 | $ | 2,003,397 | $ | 2,043,465 | $ | 2,084,335 | $ | 2,126,021 | |||||||||||
| For Residence Inn by Marriott in Birmingham, Alabama: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 815,255 | $ | 1,700,262 | $ | 1,734,267 | $ | 1,768,952 | $ | 1,804,331 | $ | 1,840,418 | $ | 1,877,226 | $ | 1,914,771 | $ | 1,953,066 | $ | 1,992,128 | $ | 2,031,970 | |||||||||||
For Residence Inn by Marriott in Placentia, California:
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 549,628 | $ | 1,154,112 | $ | 1,177,194 | $ | 1,200,738 | $ | 1,224,753 | $ | 1,249,248 | $ | 1,274,233 | $ | 1,299,718 | $ | 1,325,712 | $ | 1,352,226 | $ | 1,379,271 | |||||||||||
| For Residence Inn by Marriott in Pensacola, Florida: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 463,455 | $ | 1,003,263 | $ | 1,023,329 | $ | 1,043,795 | $ | 1,064,671 | $ | 1,085,965 | $ | 1,107,684 | $ | 1,129,838 | $ | 1,152,434 | $ | 1,175,483 | $ | 1,198,993 | |||||||||||
| For Residence Inn by Marriott in Santa Fe, New Mexico: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 542,880 | $ | 1,224,142 | $ | 1,248,625 | $ | 1,273,598 | $ | 1,299,070 | $ | 1,325,051 | $ | 1,351,552 | $ | 1,378,583 | $ | 1,406,155 | $ | 1,434,278 | $ | 1,462,963 | |||||||||||
| For Residence Inn by Marriott in Boca Raton, Florida: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 1,012,230 | $ | 1,710,734 | $ | 1,744,948 | $ | 1,779,847 | $ | 1,815,444 | $ | 1,851,753 | $ | 1,888,788 | $ | 1,926,564 | $ | 1,965,095 | $ | 2,004,397 | $ | 2,044,485 | |||||||||||
| For Residence Inn by Marriott in Columbia, South Carolina: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 610,166 | $ | 1,243,469 | $ | 1,268,338 | $ | 1,293,705 | $ | 1,319,579 | $ | 1,345,970 | $ | 1,372,890 | $ | 1,400,348 | $ | 1,428,355 | $ | 1,456,922 | $ | 1,486,060 | |||||||||||
| For Residence Inn by Marriott in Berwyn/Valley Forge, Pennsylvania: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 343,375 | $ | 692,757 | $ | 706,612 | $ | 720,744 | $ | 735,159 | $ | 749,862 | $ | 764,859 | $ | 780,156 | $ | 795,760 | $ | 811,675 | $ | 827,908 | |||||||||||
For Residence Inn by Marriott in Las Vegas, Nevada:
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 953,872 | $ | 1,545,123 | $ | 1,576,025 | $ | 1,607,546 | $ | 1,639,696 | $ | 1,672,490 | $ | 1,705,940 | $ | 1,740,059 | $ | 1,774,860 | $ | 1,810,357 | $ | 1,846,565 | |||||||||||
| For Residence Inn by Marriott in Shreveport/Bossier City, Louisiana: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 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 | $ | 1,188,819 | $ | 1,212,596 | |||||||||||
| For Residence Inn by Marriott in Jackson, Mississippi: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 954,288 | $ | 2,059,687 | $ | 2,100,881 | $ | 2,142,898 | $ | 2,185,756 | $ | 2,229,472 | $ | 2,274,061 | $ | 2,319,542 | $ | 2,365,933 | $ | 2,413,252 | $ | 2,461,517 | |||||||||||
| For Residence Inn by Marriott in Charlotte, North Carolina: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 587,988 | $ | 1,239,074 | $ | 1,263,855 | $ | 1,289,132 | $ | 1,314,915 | $ | 1,341,213 | $ | 1,368,038 | $ | 1,395,398 | $ | 1,423,306 | $ | 1,451,772 | $ | 1,480,808 | |||||||||||
| For Residence Inn by Marriott in Spartanburg, South Carolina: | |||||||||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||||||
| Yearly Breakpoint | $ | 702,693 | $ | 1,494,527 | $ | 1,524,417 | $ | 1,554,905 | $ | 1,586,004 | $ | 1,617,724 | $ | 1,650,078 | $ | 1,683,080 | $ | 1,716,741 | $ | 1,751,076 | $ | 1,786,098 | |||||||||||
