Management Agreements between Cambridge TRS, Inc. and Sonesta International Hotels Corporation for Limited Service Hotels
Cambridge TRS, Inc. has entered into 26 management agreements with Sonesta International Hotels Corporation to operate various limited service hotels across the United States. The agreements, which are substantially identical, outline Sonesta's responsibilities for managing the hotels on behalf of Cambridge TRS, Inc. and the respective landlords, including HPT IHG-2 Properties Trust and HPTMI Properties Trust. Key terms include the effective dates, invested capital amounts, and specific hotel locations. These agreements set the terms for hotel management, investment, and operational oversight.
EXHIBIT 10.18
Schedule to Exhibit 10.18
There are 26 management agreements with Sonesta International Hotels Corporation for limited service hotels, a representative form of which is filed herewith. The other 25 management agreements, 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 filed herewith.
| Owner |
| Hotel |
| Landlord |
| Date of |
| Effective Date |
| Invested |
| Section 2.02(1) | |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Burlington 11 Old Concord Road Burlington, MA |
| HPT IHG-2 Properties Trust |
| June 12, 2012 |
| June 12, 2012 |
| $ | 18,240,000 |
| January 31, 2015 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Orlando |
| HPT IHG-2 Properties Trust |
| July 6, 2012 |
| July 9, 2012 |
| $ | 7,900,000 |
| January 31, 2015 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Andover |
| HPT IHG-2 Properties Trust |
| July 25, 2012 |
| July 25, 2012 |
| $ | 17,100,000 |
| January 31, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Parsippany |
| HPT IHG-2 Properties Trust |
| July 30, 2012 |
| July 30, 2012 |
| $ | 22,312,500 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Somerset |
| HPT IHG-2 Properties Trust |
| July 30, 2012 |
| August 1, 2012 |
| $ | 7,200,000 |
| January 1, 2016 |
| Owner |
| Hotel |
| Landlord |
| Date of |
| Effective Date |
| Invested |
| Section 2.02(1) | |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Princeton |
| HPT IHG-2 Properties Trust |
| July 30, 2012 |
| August 3, 2012 |
| $ | 5,810,000 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Malvern |
| HPT IHG-2 Properties Trust |
| July 27, 2012 |
| August 6, 2012 |
| $ | 17,398,113 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Dublin |
| HPTMI Properties Trust |
| August 6, 2012 |
| August 11, 2012 |
| $ | 6,750,000 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Flagstaff |
| HPTMI Properties Trust |
| August 6, 2012 |
| August 11, 2012 |
| $ | 5,625,000 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Houston Houston, TX |
| HPT IHG-2 Properties Trust |
| August 6, 2012 |
| August 13, 2012 |
| $ | 10,260,000 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Columbia |
| HPT IHG-2 Properties Trust |
| August 6, 2012 |
| August 14, 2012 |
| $ | 12,540,000 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Charlotte |
| HPT IHG-2 Properties Trust |
| August 6, 2012 |
| August 16, 2012 |
| $ | 6,810,000 |
| January 1, 2016 |
| Owner |
| Hotel |
| Landlord |
| Date of |
| Effective Date |
| Invested |
| Section 2.02(1) | |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites St. Louis |
| HPT IHG-2 Properties Trust |
| August 6, 2012 |
| August 22, 2012 |
| $ | 3,780,000 |
| January 1, 2016 |
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| Cambridge TRS, Inc. |
| Sonesta Fort Lauderdale |
| HPT IHG-2 Properties Trust |
| May 30, 2014 |
| May 30, 2014 |
| $ | 65,000,000 |
| January 1, 2018 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Tucson 6477 East Speedway Boulevard Tucson, AZ |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 5,500,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Colorado Springs 3880 North Academy Boulevard Colorado Springs, CO |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 6,250,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Minneapolis 3040 Eagandale Place Eagan, MN |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 11,500,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Omaha 6990 Dodge Street Omaha, NE |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 6,000,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Princeton 4225 US Highway 1 South Brunswick – Princeton, NJ |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 13,500,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Somers Point 900 Mays Landing Road Somers Point, NJ |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 8,750,000 |
| January 1, 2019 |
| Owner |
| Hotel |
| Landlord |
| Date of |
| Effective Date |
| Invested |
| Section 2.02(1) | |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Cincinnati 2670 Kemper Road Sharonville, OH |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 8,750,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Oklahoma City 4361 West Reno Avenue Oklahoma City, OK |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 13,250,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Burlington 35 Hurricane Lane Williston, VT |
| HPT IHG-2 Properties Trust |
| July 23, 2015 |
| July 23, 2015 |
| $ | 11,500,000 |
| January 1, 2019 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Cleveland Airport 1725 Rosbough Drive Middleburg Heights, OH |
| HPT IHG-2 Properties Trust |
| February 1, 2016 |
| February 1, 2016 |
| $ | 7,200,000 |
| January 1, 2020 |
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| Cambridge TRS, Inc. |
| Sonesta ES Suites Westlake 30100 Clemens Road Westlake, OH |
| HPT IHG-2 Properties Trust |
| February 1, 2016 |
| February 1, 2016 |
| $ | 4,800,000 |
| January 1, 2020 |
