Exhibit 10.1.2

AGREEMENT REGARDING MANAGEMENT AGREEMENT

between

ESA P PORTFOLIO OPERATING LESSEE LLC

(LESSEE)

and

ESA MANAGEMENT, LLC

(MANAGER)

December 8, 2015

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AGREEMENT REGARDING MANAGEMENT AGREEMENT

THIS AGREEMENT REGARDING MANAGEMENT AGREEMENT (this “Agreement”) is made as of
December 8, 2015 by and between ESA P PORTFOLIO OPERATING LESSEE LLC (f/k/a ESA
P Portfolio Operating Lessee Inc. (f/k/a BRE/ESA P Portfolio Operating Lessee
Inc.)), a Delaware limited liability company (“Lessee”), and ESA MANAGEMENT,
LLC, a Delaware limited liability company (“Manager”).

BACKGROUND

A. Lessee and Manager entered into that certain Management Agreement dated as of
November 11, 2013, as amended by that certain First Amendment to Management
Agreement dated as of July 28, 2014 (the “Original Management Agreement”)
pursuant to which Manager agreed to render certain services in connection with
the management and operation of the Hotels (as defined in the Original
Management Agreement) to Lessee on the terms and subject to the conditions set
forth in the Management Agreement;

B. Lessee and Manager wish to acknowledge the termination of the Original
Management Agreement with respect to the hotels listed on Schedule I attached
hereto.

AGREEMENT

NOW THEREFORE, in consideration of the foregoing recitals and the premises and
the mutual covenants herein contained, the parties hereto agree as follows:

1. Amendment. Pursuant to Section 12.3(b) of the Original Management Agreement,
it is hereby acknowledged and agreed that the Original Management Agreement is
automatically terminated with respect to the hotels listed on Schedule I
attached hererto and such hotels are automatically released and therefore
deleted from Schedule A of the Original Management Agreement.

2. Ratification. All provisions of the Original Management Agreement are hereby
ratified and declared to be in full force and effect. All references in the
Original Management Agreement to the “Agreement”, “herein”, “hereunder” or terms
of similar import shall be deemed to refer to the Original Management Agreement.

3. Applicable Law. This Agreement shall be construed under, and governed in
accordance with, the laws of the State of New York.

4. Successors Bound. This Agreement shall be binding upon and inure to the
benefit of Lessee, its successors and assigns, and shall be binding and inure to
the benefit of Manager and its permitted assigns.

5. Headings. Headings of sections are inserted only for convenience and are in
no way to be construed as a limitation on the scope of the particular sections
to which they refer.

6. Incorporation of Recitals. The recitals set forth in the preamble of this
Agreement are hereby incorporated into this Agreement as if fully set forth
herein.

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IN WITNESS HEREOF, the parties hereto have caused this Agreement to be executed
and delivered as of the date first above written.

 

LESSEE:

ESA P PORTFOLIO OPERATING LESSEE LLC,

a Delaware limited liability company

By:  

/s/ John R. Dent

Name:   John R. Dent Title:   Vice President and Secretary

[Signatures continue on the following page]

 

AGREEMENT REGARDING MANAGEMENT AGREEMENT (P PORTFOLIO)

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MANAGER: ESA MANAGEMENT, LLC, a Delaware limited liability company By:  

/s/ John R. Dent

Name:   John R. Dent Title:   Vice President and Secretary

 

AGREEMENT REGARDING MANAGEMENT AGREEMENT (P PORTFOLIO)

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SCHEDULE I

Properties

 

Site

  

Address

  

Owner

851    4861 W. McDowell Rd., Phoenix, AZ    ESA P Portfolio L.L.C. 9602    2102
West Dunlap Ave, Phoenix, AZ    ESA P Portfolio L.L.C. 9802    11211 N. Black
Canyon Hwy, Phoenix, AZ    ESA P Portfolio L.L.C. 979    4800 S. Butterfield
Dr., Tucson, AZ    ESA P Portfolio L.L.C. 8525    3460 W. Shaw Ave., Fresno, CA
   ESA P Portfolio L.L.C. 421    11299 Point East Dr., Rancho Cordova, CA    ESA
P Portfolio L.L.C. 7502    3490 Afternoon Cr, Colorado Springs, CO    ESA P
Portfolio L.L.C. 885    4850 Leetsdale Dr., Glendale, CO    ESA P Portfolio
L.L.C. 994    715 Kipling St., Lakewood, CO    ESA P Portfolio L.L.C. 7508   
8750 Grant St, Thornton, CO    ESA P Portfolio L.L.C. 7513    3705 N Chambers
Rd., Aurora, CO    ESA P Portfolio L.L.C. 1510    3031 West Commercial Blvd.,
Fort Lauderdale, FL    ESA P Portfolio L.L.C. 1546    12358 E. Colonial Dr.,
Orlando, FL    ESA P Portfolio L.L.C. 991    6295 Jimmy Carter Blvd., Norcross,
GA    ESA P Portfolio L.L.C. 992    200 Lawrenceville St., Norcross, GA    ESA P
Portfolio L.L.C. 996    474 W. Pike St., Lawrenceville, GA    ESA P Portfolio
L.L.C. 9648    7049 Jimmy Carter Blvd., Norcross, GA    ESA P Portfolio L.L.C.
753    1177 S Northpoint Blvd., Waukegan, IL    ESA P Portfolio L.L.C. 995   
9775 Lenexa Dr, Lenexa, KS    ESA P Portfolio L.L.C. 1    2750 Gribbin Dr.,
Lexington, KY    ESA P Portfolio L.L.C. 5    1401 Browns Lane, Louisville, KY   
ESA P Portfolio L.L.C. 6002    11140 Boardwalk Dr., Baton Rouge, LA    ESA P
Portfolio L.L.C. 986    104 Mallard Rd., Sulphur, LA    ESA P Portfolio L.L.C.
985    3070 E. Texas St., Bossier City, LA    ESA P Portfolio L.L.C. 527   
11808 Middlebelt Rd., Livonia, MI    ESA P Portfolio L.L.C. 16    155 Chapel
Ridge Rd, Hazelwood, MO    ESA P Portfolio L.L.C. 691    6065 N. Lindbergh
Blvd., Hazelwood, MO    ESA P Portfolio L.L.C. 562    14800 East 42nd St.,
Independence, MO    ESA P Portfolio L.L.C. 6048    4301 N. Corrington Ave,
Kansas City, MO    ESA P Portfolio L.L.C. 1514    5008 NC 55, Durham, NC    ESA
P Portfolio L.L.C. 1500    7910 N. Point Blvd., Winston-Salem, NC    ESA P
Portfolio L.L.C. 454    2868 Route 73 North, Maple Shade, NJ    ESA P Portfolio
L.L.C. 413    5020 Ellison NE, Albuquerque, NM    ESA P Portfolio L.L.C. 861   
4240 Boulder Highway, Las Vegas, NV    ESA P Portfolio L.L.C. 3    11645
Chesterdale Rd., Springdale, OH    ESA P Portfolio L.L.C. 555    11457 Chester
Rd., Sharonville, OH    ESA P Portfolio L.L.C. 838    520 Harlow Rd.,
Springfield, OR    ESA P Portfolio L.L.C. 7003    3535 Fisher Rd NE, Salem, OR
   ESA P Portfolio L.L.C.

 

SCH: I-1

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100    130 Mobile Dr., Spartanburg, SC    ESA P Portfolio L.L.C. 450    5885
Shelby Oaks Dr., Memphis, TN    ESH/TN Properties L.L.C. 163    1210
Murfreesboro Rd., Nashville, TN    ESH/TN Properties L.L.C. 6028    12621
Hymeadow Rd., Austin, TX    ESA P Portfolio L.L.C. 6005    5959 Guhn Rd,
Houston, TX    ESA P Portfolio L.L.C. 6012    2130 Hwy 6 South, Houston, TX   
ESA P Portfolio L.L.C. 6022    2544 US Hwy 67, Mesquite, TX    ESA P Portfolio
L.L.C. 6037    3440 W. Walnut Hill Dr, Irving, TX    ESA P Portfolio L.L.C. 6086
   3804 Tanacross Dr., Fort Worth, TX    ESA P Portfolio L.L.C. 9707    17425
Dallas Pkwy, Dallas, TX    ESA P Portfolio L.L.C. 9717    5683 South Redwood
Rd., Salt Lake City, UT    ESA P Portfolio L.L.C. 7010    25104 Pacific Hwy
South, Kent, WA    ESA P Portfolio L.L.C. 817    12803 E. Sprague Ave., Spokane,
WA    ESA P Portfolio L.L.C. 7011    2101 N. Meridian, Puyallup, WA    ESA P
Portfolio L.L.C. 7018    8801 South Hosmer St., Tacoma, WA    ESA P Portfolio
L.L.C.

 

SCH: I-2