Schedule of applicable agreements
EX-10.3 7 svc-q12024xex103schedulexs.htm EX-10.3 Document
Schedule to Exhibit 10.3
There are 20 management agreements with subsidiaries of Sonesta Holdco Corporation, or Sonesta, for hotels which we and Sonesta have designated as retained hotels, a representative form of which is filed as Exhibit 10.1 to our Current Report on Form 8-K dated January 7, 2022 and which is incorporated herein by reference. The hotels covered by that representative form of management agreement are listed on a schedule filed as Exhibit 10.5 to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and which is incorporated herein by reference. There is one additional management agreement for retained hotels that covers the 48 hotels listed below as the June 2023 Management Agreement Hotels. The other 18 management agreements for retained hotels each cover a single hotel scheduled below. All of the management agreements are substantially identical in all material respects to the representative form of management agreement.
Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Sonesta Redondo Beach & Marina 300 North Harbor Drive Redondo Beach, California 90277 | HPT IHG-2 Properties Trust | SVC Redondo Beach TRS LLC | Sonesta Redondo Beach LLC | January 1, 2022 | Full | $4,524,631 | ||||||||||||||
The Clift Royal Sonesta 495 Geary Street San Francisco, CA | HPT Geary Properties Trust | HPT Clift TRS LLC | Sonesta Clift LLC | January 1, 2022 | Full | $12,012,805 | ||||||||||||||
Royal Sonesta Chicago River North 505 North State Street Chicago, Illinois 60654 | HPT IHG Chicago Property LLC | HPT State Street TRS LLC | Sonesta State Street LLC | January 1, 2022 | Full | $3,108,330 | ||||||||||||||
The Royal Sonesta Chicago Downtown 71 East Wacker Drive Chicago, Illinois | HPT IHG-2 Properties Trust | HPT Wacker Drive TRS LLC | Sonesta Chicago LLC | January 1, 2022 | Full | $5,886,331 | ||||||||||||||
The Allegro Royal Sonesta Chicago Loop 171 West Randolph Street Chicago, Illinois 60601 | HPT IHG-3 Properties LLC | SVC Randolph Street TRS LLC | Sonesta Randolph Street LLC | January 1, 2022 | Full | $5,070,314 | ||||||||||||||
Royal Sonesta Boston 40 Edwin H. Land Boulevard Cambridge, Massachusetts | HPT Cambridge LLC | Cambridge TRS, Inc. | Sonesta International Hotels Corporation | January 1, 2022 | Full | $10,372,038 | ||||||||||||||
Royal Sonesta New Orleans 300 Bourbon Street New Orleans, Louisiana | Royal Sonesta, Inc. | Cambridge TRS, Inc. | Sonesta International Hotels Corporation | January 1, 2022 | Full | $14,173,842 | ||||||||||||||
Sonesta Simply Suites Jersey City 21 2nd Street Jersey City, New Jersey | HPT IHG-2 Properties Trust | SVC Jersey City TRS LLC | Sonesta Jersey City LLC | January 1, 2022 | Select | $2,112,534 | ||||||||||||||
Sonesta Simply Suites Parsippany Morris Plains 100 Candlewood Drive Morris Plains, New Jersey 07950 | HPT IHG-2 Properties Trust | SVC Morris Plains TRS LLC | Sonesta Morris Plains LLC | January 1, 2022 | Select | $760,144 | ||||||||||||||
Sonesta ES Suites Parsippany Morris Plains 3 Gatehall Drive Parsippany, New Jersey 0054 | HPTMI Properties Trust | SVC Gatehall Drive TRS LLC | Sonesta Gatehall Drive LLC | January 1, 2022 | Select | $1,365,932 | ||||||||||||||
Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
The Royal Sonesta Minneapolis 35 South 7th Street Minneapolis, Minnesota 55402 | HPTWN Properties Trust | SVC Minneapolis TRS LLC | Sonesta Minneapolis LLC | January 1, 2022 | Full | $4,330,782 | ||||||||||||||
Royal Sonesta San Juan 5961 Isla Verde Avenue Carolina, Puerto Rico 00979 | HPT IHG PR, Inc. | SVC San Juan TRS LLC | Sonesta San Juan LLC | January 1, 2022 | Full | $5,646,494 | ||||||||||||||
Sonesta ES Suites Toronto 355 South Park Road Toronto, Ontario L3T 7W2, Canada | HPT IHG Canada Properties Trust | HPT TRS IHG-2, Inc. | Sonesta Canada ULC | January 1, 2022 | Select | $1,107,994 | ||||||||||||||
The Yorkville Royal Sonesta Hotel 220 Bloor Street Toronto, Ontario M5S IT8, Canada | HPT IHG Canada Properties Trust | HPT IHG-2 TRS, Inc. | Sonesta Toronto ULC | January 1, 2022 | Full | $2,584,900 | ||||||||||||||
Sonesta White Plains 66 Hale Avenue White Plains, NY | HPT IHG-2 Properties Trust | HPT TRS IHG-2, Inc. | Sonesta White Plains LLC | January 1, 2022 | Full | $5,097,740 | ||||||||||||||
Sonesta Select Whippany 157 Route 10 East Whippany, NJ | HPTCY Properties Trust | HPT CY TRS, Inc. | Sonesta Whippany LLC | January 1, 2022 | Select | $1,334,969 | ||||||||||||||
Sonesta Chicago O’Hare Airport 10233 West Higgins Road Rosemont, IL | HPT IHG-3 Properties LLC | SVC Higgins Road TRS LLC | Sonesta Higgins Road LLC | April 1, 2024 | Full | $2,370,717 | ||||||||||||||
Sonesta Simply Suites Chicago O’Hare 4021 North Mannheim Road Schiller Park, IL | HPT IHG-2 Properties Trust | SVC Mannheim Road TRS LLC | Sonesta Mannheim Road LLC | April 1, 2024 | Select | $1,155,587 | ||||||||||||||
June 2023 Management Agreement Hotels:
| Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Sonesta ES Suites Birmingham Homewood 50 State Farm Parkway Homewood, AL | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $871,176 | ||||||||||||||
Sonesta Select Phoenix Chandler 920 North 54th Street Chandler, AZ | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,229,547 | ||||||||||||||
| Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Sonesta ES Suites Flagstaff 1400 North Country Club Drive Flagstaff, AZ | HPTMI Properties Trust | Cambridge TRS, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $653,715 | ||||||||||||||
Sonesta ES Suites Scottsdale 6040 North Scottsdale Road Scottsdale, AZ | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,376,289 | ||||||||||||||
Sonesta Simply Suites Scottsdale North 10740 North 90th Street Scottsdale, AZ | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,056,905 | ||||||||||||||
Sonesta Select Tempe 601 South Ash Avenue Tempe, AZ | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,220,901 | ||||||||||||||
Sonesta ES Suites Tempe 5075 South Priest Drive Tempe, AZ | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,159,727 | ||||||||||||||
Sonesta Emeryville 5555 Shellmound Street Emeryville, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Full | $4,239,477 | ||||||||||||||
Sonesta ES Suites Huntington Beach 9930 Slater Avenue Fountain Valley, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,328,506 | ||||||||||||||
Sonesta ES Suites Fresno 5322 North Diana Avenue Fresno, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $869,561 | ||||||||||||||
Sonesta Select Pleasant Hill 2250 Contra Costa Boulevard Pleasant Hill, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,077,923 | ||||||||||||||
| Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Sonesta ES Suites Carmel Mountain 11002 Rancho Carmel Drive San Diego, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $908,779 | ||||||||||||||
Sonesta Select San Ramon 18090 San Ramon Valley Boulevard San Ramon, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,165,448 | ||||||||||||||
Sonesta Select San Francisco Airport 1300 Veterans Boulevard South San Francisco, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $2,771,746 | ||||||||||||||
Sonesta ES Suites San Francisco Airport 1350 Veterans Boulevard South San Francisco, CA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $2,230,849 | ||||||||||||||
Sonesta ES Suites Atlanta North Point Mall 1325 North Point Drive Alpharetta, GA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,004,808 | ||||||||||||||
Sonesta ES Suites Atlanta Alpharetta Windward 5465 Windward Parkway Alpharetta, GA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,290,217 | ||||||||||||||
Sonesta ES Suites Atlanta Kennesaw Town Center 3443 Busbee Drive NW Kennesaw, GA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $889,832 | ||||||||||||||
Royal Sonesta Kauai Resort 3160 Rice Street Lihue-Kauai, HI | HPTMI Hawaii, Inc. | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Full | $6,819,282 | ||||||||||||||
Sonesta ES Suites Chicago Downtown 201 East Walton Place Chicago, IL | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $2,750,402 | ||||||||||||||
| Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Sonesta ES Suites Chicago Waukegan 1440 South White Oak Drive Waukegan, IL | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,187,933 | ||||||||||||||
Sonesta ES Suites New Orleans Convention Center 345 St. Joseph Street New Orleans, LA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $2,374,815 | ||||||||||||||
Sonesta ES Suites Annapolis 170 Admiral Cochrane Drive Annapolis, MD | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,157,192 | ||||||||||||||
Sonesta ES Suites Baltimore BWI Airport 1160 Winterson Road Linthicum Heights, MD | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $985,252 | ||||||||||||||
Sonesta Simply Suites Detroit Novi 42600 Eleven Mile Road Novi, MI | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $738,445 | ||||||||||||||
Sonesta Select Detroit Novi 42700 Eleven Mile Road Novi, MI | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,084,392 | ||||||||||||||
Sonesta ES Suites Detroit Warren 30120 North Civic Center Blvd. Warren, MI | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $764,178 | ||||||||||||||
Sonesta ES Suites Raleigh Cary 2900 Regency Parkway Cary, NC | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $971,506 | ||||||||||||||
Sonesta ES Suites Raleigh Durham Airport 2020 Hospitality Court Morrisville, NC | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,127,515 | ||||||||||||||
| Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Sonesta ES Suites Albuquerque 3300 Prospect Avenue, NE Albuquerque, NM | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,372,978 | ||||||||||||||
Sonesta Select Las Vegas 1901 North Rainbow Boulevard Las Vegas, NV | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,207,017 | ||||||||||||||
Sonesta Simply Suites Las Vegas 4034 South Paradise Road Las Vegas, NV | HPTMI Properties Trust | HPT IHG-2 TRS, Inc. | Sonesta International Hotels Corporation | March 5, 2024 | Select | $1,806,857 | ||||||||||||||
Sonesta ES Suites Reno 9845 Gateway Drive Reno, NV | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $800,347 | ||||||||||||||
Sonesta Select Allentown Bethlehem 2160 Motel Drive Allentown, PA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $798,984 | ||||||||||||||
Sonesta ES Suites Allentown Bethlehem 2180 Motel Drive Bethlehem, PA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $894,794 | ||||||||||||||
Sonesta ES Suites Nashville Brentwood 206 Ward Circle Brentwood, TN | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $957,088 | ||||||||||||||
Sonesta Select Nashville Airport Suites 1100 Airport Center Drive Nashville, TN | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,109,053 | ||||||||||||||
Sonesta Nashville Airport 600 Marriott Drive Nashville, TN | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Full | $3,460,637 | ||||||||||||||
| Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Stephen F. Austin Royal Sonesta Hotel 701 Congress Avenue Austin, TX | HPTMI Properties Trust | HPT TRS IHG-2, Inc. | Sonesta International Hotels Corporation | March 5, 2024 | Full | $3,482,093 | ||||||||||||||
Sonesta ES Suites Dallas Market Center 6950 North Stemmons Freeway Dallas, TX | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,523,544 | ||||||||||||||
Sonesta ES Suites Fort Worth 5801 Sandshell Drive Fort Worth, TX | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $842,524 | ||||||||||||||
Sonesta ES Suites San Antonio 425 Bonham Street San Antonio, TX | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,721,512 | ||||||||||||||
Sonesta ES Suites Charlottesville 1111 Millmont Street Charlottesville, VA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $754,625 | ||||||||||||||
Sonesta ES Suites Fairfax 12815 Fairlakes Parkway Fairfax, VA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $911,553 | ||||||||||||||
Sonesta Simply Suites Falls Church 205 Hillwood Avenue Falls Church, VA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $908,726 | ||||||||||||||
Sonesta Select Seattle Renton 200 SW 19th Street Renton, WA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $914,364 | ||||||||||||||
Sonesta Simply Suites Seattle Renton 300 SW 19th Street Renton, WA | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $1,206,992 | ||||||||||||||
| Trade Name and Street Address | Landlord | Owner | Manager | Effective Date | Service Level | Initial Owner’s Priority | ||||||||||||||
Sonesta ES Suites Charleston 200 Hotel Circle Charleston, WV | HPTMI Properties Trust | HPT TRS MRP, Inc. | Sonesta International Hotels Corporation | June 1, 2023 | Select | $779,051 | ||||||||||||||
