Schedule of Management Agreements for Sale Hotels between Sonesta Subsidiaries and SVC Entities
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Summary
This document lists two management agreements between subsidiaries of Sonesta Holdco Corporation and SVC entities for the management of specific hotels designated as sale hotels. The agreements, effective January 1, 2022, outline the parties involved, service levels, and initial owner's priority amounts. The terms are substantially identical to a representative management agreement previously filed. The agreements specify the management of the Sonesta Hamilton Park Morristown and Sonesta Simply Suites Nanuet hotels.
EX-10.4 (SCHEDULE) 4 q22022-exhibit104schedule.htm EX-10.4 (SCHEDULE) Document
Schedule to Exhibit 10.4
There are 3 management agreements with subsidiaries of Sonesta Holdco Corporation, or Sonesta, for hotels which we and Sonesta have designated as sale hotels, a representative form of which is filed as Exhibit 10.3 to our Current Report on Form 8-K dated January 7, 2022 and which is incorporated herein by reference. The other 2 management agreements for sale hotels, with the respective parties and applicable to the respective hotels listed below, 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 Hamilton Park Morristown 175 Park Avenue Florham Park, New Jersey 07932 | HPT IHG-2 Properties Trust | SVC NJ TRS LLC | Sonesta NJ LLC | January 1, 2022 | Full | $5,507,235 | ||||||||||||||
Sonesta Simply Suites Nanuet 20 Overlook Boulevard Nanuet, New York 10954 | HPT IHG-2 Properties Trust | SVC Nanuet TRS LLC | Sonesta Nanuet LLC | January 1, 2022 | Select | $1,104,553 | ||||||||||||||
