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Management Agreement

 

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Title:

Management Agreement

Entities:

Hospitality Properties Trust; InterContinental Hotels Group plc; Intercontinental Hotels Group Resources, Inc.

Date:

2005

Size:

260KB total

Price:

$62

ID:

#1009446

 

 


► Services ► Hotels & Motels
► Real Estate
► Miscellany

 

 

Start of Preview


 

MANAGEMENT AGREEMENT

 

BY AND

 

BETWEEN

 

HPT TRS IHG-2, INC.

 

AND

 

IHG MANAGEMENT (MARYLAND) LLC

 



 

TABLE OF CONTENTS

 

ARTICLE 1   DEFINITIONS

 

 

1.1

8.1(c) Statement

 

 

1.2

Accounting Principles

 

 

1.3

Affiliate

 

 

1.4

Agreed Upon Procedure Letter

 

 

1.5

Arbitration

 

 

1.6

Authorized Mortgage

 

 

1.7

Award

 

 

1.8

Bank Accounts

 

 

1.9

Base Management Fee

 

 

1.10

Base Priority Amount

 

 

1.11

Base Year

 

 

1.12

Brand

 

 

1.13

Brand Standards

 

 

1.14

Buildings

 

 

1.15

Business Day

 

 

1.16

Canadian Consumer Price Index

 

 

1.17

Canadian Hotel

 

 

1.18

Canadian Manager

 

 

1.19

Canadian Services

 

 

1.20

Capital Replacements

 

 

1.21

Capital Replacements Budget

 

 

1.22

Closing

 

 

1.23

Code

 

 

1.24

Collateral Agency Agreement

 

 

1.25

Collateral Agent

 

 

1.26

Competitor

 

 

1.27

Condemnation

 

 

1.28

Condemnor

 

 

1.29

Consolidated Financials

 

 

1.30

Consumer Price Index

 

 

1.31

Crowne Plaza Hotels

 

 

1.32

Debt Service Coverage Ratio

 

 

1.33

Disbursement Rate

 

 

1.34

Effective Date

 

 

1.35

Environmental Notice

 

 

1.36

Expiration Date

 

 

1.37

Fiscal Month

 

 

1.38

Fiscal Year

 

 

1.39

Furniture, Fixtures and Equipment or FF&E

 

 

1.40

Government Agencies

 

 

1.41

Gross Revenues

 

 

1.42

GST

 

 

1.43

Guarantor

 

 

 

i



 

1.44

Guaranty

 

 

1.45

Hazardous Substances

 

 

1.46

Holiday Inn Hotels

 

 

1.47

Hotel

 

 

1.48

HPT

 

 

1.49

IHG

 

 

1.50

Incentive Management Fee

 

 

1.51

Initial Term

 

 

1.52

Initial Working Capital

 

 

1.53

Insurance Requirements

 

 

1.54

Intellectual Property

 

 

1.55

InterContinental Hotels

 

 

1.56

Interest Rate

 

 

1.57

Lease

 

 

1.58

Legal Requirements

 

 

1.59

Management Fees

 

 

1.60

Manager

 

 

1.61

Manager Default

 

 

1.62

Manager Event of Default

 

 

1.63

Material Repair

 

 

1.64

New Management Agreement

 

 

1.65

NOI

 

 

1.66

Non-Economic Hotel

 

 

1.67

Offer

 

 

1.68

Officers Certificate

 

 

1.69

Operating Costs

 

 

1.70

Operating Equipment

 

 

1.71

Operating Profit

 

 

1.72

Operating Standards

 

 

1.73

Operating Supplies

 

 

1.74

Other Documents

 

 

1.75

Owner

 

 

1.76

Owners First Priority

 

 

1.77

Owners First Priority Adjustment Rate

 

 

1.78

Owners Fixed Priority

 

 

1.79

Owners Percentage Priority

 

 

1.80

Owners Second Priority

 

 

1.81

Parent

 

 

1.82

Person

 

 

1.83

Pledged Hotels

 

 

1.84

Pooled FF&E Hotels

 

 

1.85

PR Guaranty

 

 

1.86

PR Indemnity

 

 

1.87

PR Lease

 

 

1.88

PR Property

 

 

1.89

PR Stock Agreement

 

 

1.90

PR Tenant

 

 

 

ii



 

1.91

Principal Documents