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

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Lessor

(Preamble)

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Lessee

(Preamble)

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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

 

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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

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Annual Base Rent

(Schedule 3.1(a) to
Lease)

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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

 

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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)

 

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C. Suite Revenue Breakpoints (Exhibit 3.1(b) to Lease)

 

For Residence Inn by Marriott in Greensboro, North Carolina:

 

     2002

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

 

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For Residence Inn by Marriott in Boston/Danvers, Massachusetts:

 

     2002

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

 

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For Residence Inn by Marriott in Placentia, California:

 

     2002

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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Yearly Breakpoint

   $ 343,375    $ 692,757    $ 706,612    $ 720,744    $ 735,159    $ 749,862   
$ 764,859    $ 780,156    $ 795,760    $ 811,675    $ 827,908

 

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For Residence Inn by Marriott in Las Vegas, Nevada:

 

     2002

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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

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   2003

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   2004

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   2005

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   2006

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   2007

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   2008

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   2009

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   2010

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   2011

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   2012

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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