Document:

Exhibit 10.10

 

OMNIBUS AGREEMENT FOR TERMINATION OF

SUB-MANAGEMENT AGREEMENTS

 

This Omnibus Agreement
for Termination of Sub-Management Agreements (“Agreement”), is entered into as of March 31, 2017 (the “Termination
Date”), by and among (1) American Realty Capital Hospitality Grace Portfolio,
LLC (“Grace Owner”) and American Realty Capital Hospitality
PROPERTIES, LLC (“ARC Owner” (and together with Grace Owner, “Owner”)), each a
Delaware limited liability company with an address at 405 Park Avenue, New York, New York 10022; and (2) CRESTLINE HOTELS &
RESORTS, LLC (“Crestline Manager”) and CRESTLINE HOTELS OHIO BEVCO, LLC (“Crestline Bevco”,
and together with Crestline Manager, “Manager”), each a Delaware limited liability company with an address at
3950 University Drive, Suite 301, Fairfax, VA 22030.

 

WITNESSETH:

 

Pool I Hotels

WHEREAS, Grace Owner and Crestline Manager
are parties to a “Management Agreement” effective as of February 27, 2015, as modified by that certain Amended and
Restated Sub-Management Agreement on September 1, 2015, and further modified by that certain Second Amended and Restated Sub-Management
Agreement on February 1, 2016, and further modified by that certain First Amendment to Second Amended & Restated Sub-Management
Agreement on October 14, 2016 (such Management Agreement, modified as described above, the “Pool I Sub-MA”,
and the 31 hotels listed on Exhibit A thereto, the “Pool I Hotels”); and

 

Pool II Hotels

WHEREAS, Grace Owner
and Crestline Manager are parties to a “Management Agreement” effective as of February 27, 2015, as modified by that
certain Amended and Restated Sub-Management Agreement on September 1, 2015 (such Management Agreement, modified as described above,
the “Pool II Sub-MA”, and the 10 hotels listed on Exhibit A thereto, the “Pool II Hotels”);
and

 

Pool I Kansas Liquor-Related Hotel

WHEREAS, Grace Owner
and Crestline Manager are parties to a “Sub-Management Agreement” effective as of February 27, 2015, relating to the
non-F&B-related operational aspects of the Hyatt Place Kansas City/Overland Park /Metcalf Hotel (such Sub-Management Agreement,
the “Pool I Kansas Non-F&B Sub-MA”, and such hotel, the “Pool I Kansas Liquor Hotel”),
and to a separate “Sub-Management”, also effective as of February 27, 2015, relating to F&B-related operational
aspects of the Pool I Kansas Hotel (such Sub-Management Agreement, the “Pool I Kansas F&B Sub-MA”,
and together with the Pool I Kansas Non-F&B Sub-MA, the “Pool I Kansas Liquor Sub-MA”); and

 

     

     

    

 

Pool I Ohio Liquor-Related Hotels

WHEREAS, Grace Owner, Crestline Manager,
and Crestline Bevco are parties to a “Sub-Management Agreement” effective as of February 27, 2015, relating to the
Hyatt Place Cincinnati Blue Ash and Hyatt Place Columbus/Worthington hotels (such Sub-Management Agreement, the “Pool
I Ohio Liquor Sub-MA”, and such hotels, the “Pool I Ohio Liquor Hotels”); and

 

Pool I Texas Liquor-Related Hotels

WHEREAS, Grace Owner and Crestline Manager
are parties to a “Sub-Management Agreement” effective as of February 27, 2015, relating to the Courtyard Dallas Medical/Market
Center, the Hilton Garden Inn Austin/Round Rock, the SpringHill Suites Houston Hobby Airport, the SpringHill Suites Austin Round
Rock, and the SpringHill Suites San Antonio Medical Center/Northwest (such Sub-Management Agreement, the “Pool I Texas
Liquor Sub-MA”, and such hotels, the “Pool I Texas Liquor Hotels”); and

 

Pool II Texas Liquor-Related Hotel

WHEREAS, Grace Owner and Crestline Manager
are parties to a “Sub-Management Agreement” effective as of February 27, 2015, relating to the Courtyard Houston I-10
West/Energy Corridor (such Sub-Management Agreement, the “Pool II Texas Liquor Sub-MA”, and such hotel,
the “Pool II Texas Liquor Hotel”); and

 

SWN Hotels

WHEREAS, ARC Owner
and Crestline Manager are parties to a “Sub-Management Agreement” effective as of October 15, 2015, relating to 15
hotels referenced on Exhibit A thereto (such Sub-Management Agreement, the “SWN Sub-MA”, and such hotels, the
“SWN Hotels”); and

 

BCC Hotels

WHEREAS, ARC Owner
and Crestline Manager are parties to four “Management Agreements” dated January 27, 2014 (but which did not take effect
with respect to management of hotels until March 21, 2014), as amended on February 27, 2015, relating to the Courtyard Baltimore,
the Courtyard Providence, the Homewood Suites Stratford, and the Georgia Tech Hotel & Conference Center (such amended Management
Agreements, the “BCC Sub-MAs”, and together with the Pool I Sub-MA, the Pool II Sub-MA, the Pool I Kansas Liquor
Sub-MA, the Pool I Ohio Liquor Sub-MA, the Pool I Texas Liquor Sub-MA, the Pool II Texas Liquor Sub-MA, and the SWN Sub-MA, collectively,
the “Sub-MAs”; and such hotels, the “BCC Hotels”, and together with the Pool I Hotels, the
Pool II Hotels, the Pool I Kansas Liquor Hotel, the Pool I Ohio Liquor Hotels, the Pool I Texas Liquor Hotels, the Pool II Texas
Liquor Hotel, and the SWN Hotels, collectively, the “Hotels”); and

 

Terminations

WHEREAS, in connection
with those certain Assignments and Amendments of Current Management Agreement being entered into simultaneously herewith (the “New
MAs”), in accordance with which Manager will manage the Hotels pursuant to the New MAs, Owner and Manager have agreed to
terminate the Sub-MAs with respect to all of the Hotels, effective as of the Termination Date as provided in this Agreement.

 

    	2	 	 

     

    

 

AGREEMENT:

NOW, THEREFORE, for
the mutual covenants and considerations herein contained and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

 

1.             Subject
to and effective as of the Termination Date, each of the Sub-MAs is hereby terminated from and after the Termination Date, with
respect to each of the Hotels. As of the Termination Date, Manager shall have no further obligations pursuant to the Sub-MAs.

 

2.             Manager
acknowledges and agrees that Manager will not receive any payments in the future with respect to any services rendered to Owner
under the Sub-MAs or to be rendered to Owner pursuant to the Sub-MAs on or prior to the Termination Date, other than the Base Management
Fee for the month in which the Termination Date occurs which shall be payable by Owner to Manager in the normal course in accordance
with Section 5.1 of the Sub-MAs.

 

3.             Any
capitalized term not specifically defined in this Agreement shall have the definition given such term in the Sub-MAs.

 

4.             This
Agreement is executed by, and shall be binding upon and inure to the benefit of, the parties hereto and each of their respective
administrators, personal representatives, legal representatives, heirs, successors and permitted assigns. None of the provisions
of this Agreement shall be for the benefit of or enforceable by any other person.

 

5.             This
Agreement may not be amended nor may any rights hereunder be waived except by an instrument in writing signed by the parties sought
to be charged with such amendment or waiver.

 

6.             This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original and it will not be necessary in
making proof of this Agreement or the terms of this Agreement to produce or account for more than one of such counterparts. All
counterparts shall constitute one and the same instrument. Each party may execute this Agreement via a facsimile (or transmission
of a .pdf file) of this Agreement. In addition, facsimile or .pdf signatures of authorized signatories of the parties shall be
valid and binding and delivery of a facsimile or .pdf signature by any party shall constitute due execution and delivery of this
Agreement.

 

7.             Each
of the parties hereto shall execute and deliver such further instruments and assurances to provide such other documents as may
be reasonably required to effectuate the purpose of this Agreement.

 

[Signatures follow on next page]

 

    	3	 	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed and delivered this Agreement as of the date first above written.

 

	OWNER:	 	 	 
	 	American Realty Capital Hospitality Grace Portfolio, LLC, a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ James
    A. Tanaka
	 	 	Name:  	James A. Tanaka 

	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 16, 2017
	 	 	 	 
	 	American Realty Capital Hospitality PROPERTIES, LLC, a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ James
    A. Tanaka
	 	 	Name:  	James A. Tanaka 

	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 16, 2017
	 	 	 	 
	MANAGER:	 	 	 
	 	CRESTLINE HOTELS & RESORTS, LLC, a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ James
    A. Carroll
	 	 	Name:  	James
    A. Carroll
	 	 	Title: 	President & CEO
	 	 	Date:	March 10, 2017
	 	 	 	 
	 	CRESTLINE HOTELS OHIO BEVCO, LLC, a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ James
    A. Carroll
	 	 	Name:  	James
    A. Carroll
	 	 	Title: 	President & CEO
	 	 	Date:	March 10, 2017

 

    	4Exhibit 10.11

 

OMNIBUS AGREEMENT FOR TERMINATION OF

MANAGEMENT AGREEMENTS

 

This Omnibus
Agreement for Termination of Management Agreement (“Agreement”), is entered into as of March 31, 2017,
except with respect to the Interstate Prime Management Agreements, as of April 3, 2017, (as applicable, the
“Termination Date”), by and among (1) ARC Hospitality Portfolio
I HIL TRS, LLC, a Delaware limited liability company with an address at 405 Park Avenue, New York, New York 10022
and ARC Hospitality Portfolio I NTC HIL TRS, LP, a Delaware limited
partnership with an address at 405 Park Avenue, New York, New York 10022 (collectively hereinafter referred to as
“Hilton Pool I Owner”); (2) ARC Hospitality Portfolio II HIL
TRS, LLC, a Delaware limited liability company with an address at 405 Park Avenue, New York, New York 10022 and ARC
HOSPITALITY PORTFOLIO II NTC HIL TRS, LP, a Delaware limited partnership with an address at 405 Park Avenue, New York,
New York 10022 (collectively hereinafter referred to as “Hilton Pool II Owner” (and together with Hilton
Pool I Owner, “Hilton Owner”)); (3) ARC Hospitality Portfolio I
MCK TRS, LLC, a Delaware limited liability company with an address at 405 Park Avenue, New York, New York 10022
and ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited
partnership with an address at 405 Park Avenue, New York, New York 10022 (collectively hereinafter referred to as
“McKibbon Pool I Owner”); (4) ARC Hospitality Portfolio II MISC
TRS, LLC, a Delaware limited liability company with an address at 405 Park Avenue, New York, New York 10022 and ARC
HOSPITALITY PORTFOLIO II NTC TRS, LP, a Delaware limited partnership with an address at 405 Park Avenue, New York, New
York 10022 (collectively hereinafter referred to as “McKibbon Pool II Owner” (and together with McKibbon
Pool I Owner, “McKibbon Owner”)); (5) ARC HOSPITALITY PORTFOLIO I MISC TRS, LLC, a Delaware limited
liability company with an address at 405 Park Avenue, New York, New York 10022 (“InnVentures Owner”);
(6)  ARC HOSPITALITY SWN INT NTC TRS, LP, a Delaware limited partnership with an address at 405 Park Avenue,
New York, New York 10022 and ARC HOSPITALITY SWN TRS, LLC, a Delaware limited liability company with an address at 405
Park Avenue, New York, New York 10022 (collectively hereinafter referred to as “Interstate Owner” (and
together with Hilton Owner, McKibbon Owner, and InnVentures Owner, “Owner”)); and (7) American
Realty Capital Hospitality Grace Portfolio, LLC, a Delaware limited liability company, with an address at 405 Park
Avenue, New York, New York 10022 (“Grace Manager”) and American
Realty Capital Hospitality PROPERTIES, LLC, a Delaware limited liability company, with an address at 405 Park
Avenue, New York, New York 10022 (“ARC Manager” (and together with Grace Manager,
“Manager”)).

 

     

     

    

 

WITNESSETH:

 

Hilton 

WHEREAS, Hilton Pool
I Owner and Grace Manager entered into a “Management Agreement” dated as of February 27, 2015, amended by that certain
First Amendment to Management Agreement on November 2, 2016 and clarified by that certain Omnibus 2016 Incentive Fee Implementation
(collectively, the “Hilton Pool I Prime Management Agreement”) pursuant to which Hilton Pool I Owner engaged
Grace Manager to act as Hilton Pool I Owner’s exclusive agent to supervise, direct, and control management and operation
of those certain hotels fully described on Exhibit A to the Hilton Pool I Prime Management Agreement (collectively, the
“Hilton Pool I Hotels”) pursuant to the terms thereof;

 

WHEREAS, in accordance
with the terms of the Hilton Pool I Prime Management Agreement and pursuant to those certain “Management Agreements”
(“Hilton Pool I Sub-MAs”) entered into contemporaneously with the Hilton Pool I Prime Management Agreement,
between Grace Manager and the manager entities listed in the Hilton Pool I Sub-MAs (such manager entities, the “Hilton
Pool I Sub-Managers”), Grace Manager delegated the management of the Hilton Pool I Hotels to the Hilton Pool I Sub-Managers;

 

WHEREAS, Hilton Pool
II Owner and Grace Manager entered into a “Management Agreement” dated as of February 27, 2015 and clarified by that
certain Omnibus 2016 Incentive Fee Implementation (the “Hilton Pool II Prime Management Agreement” (and together
with the Hilton Pool I Prime Management Agreement, the “Hilton Prime Management Agreements”)) pursuant to which
Hilton Pool II Owner engaged Grace Manager to act as Hilton Pool II Owner’s exclusive agent to supervise, direct, and control
management and operation of those certain hotels fully described on Exhibit A to the Hilton Pool II Prime Management Agreement
(collectively, the “Hilton Pool II Hotels” (and together with the Hilton Pool I Hotels, the “Hilton
Hotels”)) pursuant to the terms thereof;

 

WHEREAS, in accordance
with the terms of the Hilton Pool II Prime Management Agreement and pursuant to those certain “Management Agreements”
(“Hilton Pool II Sub-MAs” (and together with the Hilton Pool I Sub-MAs, the “Hilton Sub-MAs”))
entered into contemporaneously with the Hilton Pool II Prime Management Agreement with respect to the Hilton Hotels, between Grace
Manager and the manager entities listed in the Hilton Pool II Sub-MAs (such manager entities, the “Hilton Pool II Sub-Managers”
(and together with the Hilton Pool I Sub-Managers, the “Hilton Sub-Managers”)), Grace Manager delegated the
management of the Hilton Pool II Hotels to the Hilton Pool II Sub-Managers;

 

McKibbon

WHEREAS, McKibbon Pool
I Owner and Grace Manager entered into a “Management Agreement” dated as of February 27, 2015 (the “McKibbon
Pool I Prime Management Agreement”) pursuant to which McKibbon Pool I Owner engaged Grace Manager to act as McKibbon
Pool I Owner’s exclusive agent to supervise, direct, and control management and operation of those certain hotels fully described
on Exhibit A to the McKibbon Pool I Prime Management Agreement (collectively, the “McKibbon Pool I Hotels”)
pursuant to the terms thereof;

 

    2 

     

    

 

WHEREAS, in accordance
with the terms of the McKibbon Pool I Prime Management Agreement and pursuant to that certain “Management Agreement”
(“McKibbon Pool I Sub-MA”) entered into contemporaneously with the McKibbon Pool I Prime Management Agreement,
between Grace Manager and McKibbon Hotel Management, Inc. (the “McKibbon Sub-Manager”), Grace Manager delegated
the management of the McKibbon Pool I Hotels to the McKibbon Sub-Manager;

 

WHEREAS, McKibbon Pool
II Owner and Grace Manager entered into a “Management Agreement” dated as of February 27, 2015 (the “McKibbon
Pool II Prime Management Agreement” (and together with the McKibbon Pool I Prime Management Agreement, the “McKibbon
Prime Management Agreements”)) pursuant to which McKibbon Pool II Owner engaged Grace Manager to act as McKibbon Pool
II Owner’s exclusive agent to supervise, direct, and control management and operation of those certain hotels fully described
on Exhibit A to the McKibbon Pool II Prime Management Agreement (collectively, the “McKibbon Pool II Hotels”
(and together with the Hilton Pool I Hotels, the “McKibbon Hotels”)) pursuant to the terms thereof;

 

WHEREAS, in accordance
with the terms of the McKibbon Pool II Prime Management Agreement and pursuant to that certain “Management Agreement”
(“McKibbon Pool II Sub-MA” (and together with the McKibbon Pool I Sub-MA, the “McKibbon Sub-MAs”))
entered into contemporaneously with the McKibbon Pool II Prime Management Agreement with respect to the McKibbon Hotels, between
Grace Manager and McKibbon Sub-Manager, Grace Manager delegated the management of the McKibbon Pool II Hotels to the McKibbon Sub-Manager;

 

InnVentures

WHEREAS, InnVentures
Owner and Grace Manager entered into two “Management Agreements,” each dated as of February 27, 2015 (the “InnVentures
Prime Management Agreements”) pursuant to which InnVentures Owner engaged Grace Manager to act as InnVentures Owner’s
exclusive agent to supervise, direct, and control management and operation of those certain hotels fully described in the InnVentures
Prime Management Agreements (collectively, the “InnVentures Hotels”) pursuant to the terms thereof;

 

WHEREAS, in accordance
with the terms of the InnVentures Prime Management Agreements and pursuant to those certain “Management Agreements”
(“InnVentures Sub-MAs” (and together with the Hilton Sub-MAs and the McKibbon Sub-MAs, the “Sub-MAs”))
entered into contemporaneously with the InnVentures Prime Management Agreements with respect to the InnVentures Hotels, between
Grace Manager and InnVentures IVI, LP (the “InnVentures Sub-Manager” (and together with the Hilton Sub-Managers
and the McKibbon Sub-Manager, the “Sub-Managers”)), Grace Manager delegated the management of the InnVentures
Hotels to the InnVentures Sub-Manager;

 

    3 

     

    

 

Interstate

WHEREAS, Interstate
Owner and ARC Manager entered into five “Hotel Management Agreements,” the first of which was dated as of October 15,
2015, and the remaining four of which were dated as of February 11, 2016 (collectively, the “Interstate Prime Management
Agreements” (and together with the Hilton Prime Management Agreements, the McKibbon Prime Management Agreements, and
the InnVentures Prime Management Agreements, the “Prime Management Agreements”)) pursuant to which Interstate
Owner engaged ARC Manager to act as Interstate Owner’s exclusive agent to supervise, direct, and control management and operation
of the five hotels referenced in the Interstate Prime Management Agreements (collectively, the “Interstate Hotels”
(and together with the Hilton Hotels, the McKibbon Hotels, and the InnVentures Hotels, the “Hotels”)) pursuant
to the terms thereof;

 

WHEREAS, in accordance
with the terms of the Interstate Prime Management Agreements and pursuant to those certain “Hotel Management Agreements”
(“Interstate Sub-MAs”) entered into contemporaneously with the Interstate Prime Management Agreement with respect
to the Interstate Hotels, between ARC Manager and Interstate Management Company, LLC (the “Interstate Sub-Manager”),
ARC Manager delegated the management of the Interstate Hotels to the Interstate Sub-Manager;

 

Assignments

WHEREAS, contemporaneously
with the execution of this Agreement, (i) the Hilton Sub-MAs are being assigned from Grace Manager to the applicable Hilton
Owner pursuant to that certain Omnibus Assignment and Amendment of Management Agreement (“Hilton Assignment”),
resulting in a direct contractual arrangement between the applicable Hilton Owner and the applicable Hilton Sub-Managers with respect
to the management of the Hilton Hotels; (ii) the McKibbon Sub-MAs are being assigned from Grace Manager to the applicable McKibbon
Owner pursuant to that certain Omnibus Assignment and Amendment of Management Agreement (“McKibbon Assignment”),
resulting in a direct contractual arrangement between the applicable McKibbon Owner and the McKibbon Sub-Manager with respect to
the management of the McKibbon Hotels; (iii) the InnVentures Sub-MAs are being assigned from Grace Manager to the applicable InnVentures
Owner pursuant to that certain Omnibus Assignment and Amendment of Management Agreement (“InnVentures Assignment”),
resulting in a direct contractual arrangement between the InnVentures Owner and the InnVentures Sub-Manager with respect to the
management of the InnVentures Hotels; and (iv) (a) pursuant to that certain Termination of Hotel Management Agreements the
Interstate Sub-MAs are being terminated, and (b) pursuant to that certain Assignment and Amendment of Crestline SWN Management
Agreement (“Crestline SWN Assignment” (and together with the Hilton Assignment, the McKibbon Assignment, and
the InnVentures Assignment, the “Assignments”)), the management of the Interstate Hotels is being transferred
to Crestline Hotels & Resorts, LLC (“Crestline”);

 

Terminations

WHEREAS, Owner and
Manager have agreed to terminate the Prime Management Agreements, effective as of the Termination Date as provided in this Agreement,
such that management of the Hotels will hereafter be governed solely by the assigned Sub-MAs or the Crestline SWN Assignment, as
applicable.

 

    4 

     

    

 

AGREEMENT:

NOW, THEREFORE, for
the mutual covenants and considerations herein contained and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

 

1.           Subject
to and effective as of the Termination Date, each of the Prime Management Agreements is hereby terminated and, from and after the
Termination Date, management of the Hotels by Sub-Managers or Crestline, as applicable, will be governed solely by the applicable
amended Sub-MAs (as assigned to the applicable Owner pursuant to the Assignment) or by Crestline pursuant to the Crestline SWN
Assignment. As of the Termination Date, Manager shall have no further obligations to manage the Hotels.

 

2.           Manager
acknowledges and agrees that Manager will not receive any payments in the future with respect to any services rendered to Owner
under the Prime Management Agreements or to be rendered to Owner pursuant to the Prime Management Agreements on or prior to the
Termination Date, other than the Base Management Fee for the month in which the Termination Date occurs which shall be payable
by Owner to Manager in the normal course in accordance with, in the case of the Hilton Hotels and the InnVentures Hotels, Section
9.1 of the Hilton Prime Management Agreements or the InnVentures Prime Management Agreement, as the case may be, in the case of
the McKibbon Hotels, Section C of the Management Fee Rider of the McKibbon Prime Management Agreements, and in the case of the
Interstate Hotels, Section 9.1 and Section 9.4 of the Interstate Prime Management Agreements.

 

3.           Any
capitalized term not specifically defined in this Agreement shall have the definition given such term in the Prime Management Agreements.

 

4.           This
Agreement is executed by, and shall be binding upon and inure to the benefit of, the parties hereto and each of their respective
administrators, personal representatives, legal representatives, heirs, successors and permitted assigns. None of the provisions
of this Agreement shall be for the benefit of or enforceable by any other person.

 

5.           This
Agreement may not be amended nor may any rights hereunder be waived except by an instrument in writing signed by the parties sought
to be charged with such amendment or waiver.

 

6.           This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original and it will not be necessary in
making proof of this Agreement or the terms of this Agreement to produce or account for more than one of such counterparts. All
counterparts shall constitute one and the same instrument. Each party may execute this Agreement via a facsimile (or transmission
of a .pdf file) of this Agreement. In addition, facsimile or .pdf signatures of authorized signatories of the parties shall be
valid and binding and delivery of a facsimile or .pdf signature by any party shall constitute due execution and delivery of this
Agreement.

 

    5 

     

    

 

7.           Each
of the parties hereto shall execute and deliver such further instruments and assurances to provide such other documents as may
be reasonably required to effectuate the purpose of this Agreement.

 

8.           Subject
to and effective as of the Termination Date, Manager, on behalf of itself and its officers, employees, managers, equityholders,
parents, affiliates, heirs, executors, administrators, agents, successors and assigns, irrevocably and unconditionally waives and
releases any and all rights with respect to, and releases, forever acquits and discharges Owner, and its respective present and
future equityholders, directors, officers, employees, agents and other representatives, in their capacities as such, and their
respective heirs, executors, administrators, successors and assigns with respect to, each and all claims, demands, charges, complaints,
obligations, causes of action, suits, liabilities, indebtedness, sums of money, covenants, agreements, instruments, contracts (written
or oral, express or implied), controversies, promises, fees, expenses (including attorneys’ fees, costs and expenses), damages
and judgments, at law or in equity, in contract or tort, in the United States, state, foreign or other judicial, administrative,
arbitration or other proceedings, of any nature whatsoever, known or unknown, suspected or unsuspected, previously, now or hereafter
arising, in each case which arise out of, are based upon or are connected with the Prime Management Agreements, other than the
Base Management Fee for the month in which the Termination Date occurs which shall be payable by Owner to Manager in the normal
course in accordance with, in the case of the Hilton Hotels and the InnVentures Hotels, Section 9.1 of the Hilton Prime Management
Agreements or the InnVentures Prime Management Agreement, as the case may be, in the case of the McKibbon Hotels, Section C of
the Management Fee Rider of the McKibbon Prime Management Agreements, and in the case of the Interstate Hotels, Section 9.1 and
Section 9.4 of the Interstate Prime Management Agreements (the “Manager Released Claims”). Manager represents
and warrants that it has not assigned or otherwise transferred any right or interest in or to any of Prime Management Agreements.
MANAGER FURTHER ACKNOWLEDGES THAT MANAGER IS AWARE THAT STATUTES EXIST THAT RENDER NULL AND VOID RELEASES AND DISCHARGES OF ANY
CLAIMS, RIGHTS, DEMANDS, LIABILITIES, ACTIONS OR CAUSES OF ACTIONS THAT ARE UNKNOWN TO THE RELEASING OR DISCHARGING PARTY AT THE
TIME OF EXECUTION OF THE RELEASE AND DISCHARGE. MANAGER HEREBY EXPRESSLY AND VOLUNTARILY WAIVES, SURRENDERS AND AGREES TO FOREGO
ANY PROTECTION TO WHICH MANAGER WOULD OTHERWISE BE ENTITLED BY VIRTUE OF THE EXISTENCE OF ANY SUCH STATUTE IN ANY JURISDICTION.
Notwithstanding anything to the contrary contained herein, the release set forth in this Section 8 shall not affect or otherwise
apply to the parties’ rights and obligations in connection with the Prime Management Agreements under this Agreement or pursuant
to the Assignment.

 

    6 

     

    

 

9.           Manager
shall be solely responsible for the payment of any and all claims for loss, damages, costs, expenses or otherwise, arising out
of any act or omission of its employees or agents in connection with the performance of this Agreement or the Prime Management
Agreements. Subject to and effective as of the Termination Date, Manager shall indemnify, defend and hold harmless each Owner and
each of their respective directors, officers, employees, agents, affiliates, successors and permitted assigns (collectively, the
“Owner Indemnitees”) from and against, and shall pay and reimburse each of the Owner Indemnitees for, any and
all claims, losses, damages, costs, expenses, liabilities, actions or other charges of any kind, including reasonable attorneys’
fees, costs of investigation and costs of enforcing any right to indemnification hereunder or pursuing any insurance providers
incurred or sustained by, or imposed upon, the Owner Indemnitees based upon, resulting from, arising out of or relating to any
act or omission of the Manager, its employees or its agents under the Sub-MAs or, in the case of the Hilton Hotels, under those
certain Owner Agreements by and among Manager, the respective Owner, and the respective Sub-Manager, in each case, arising on or
prior to the date of this Agreement.

 

[Signatures follow
on next page]

 

    7 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed and delivered this Agreement as of the date first above written.

 

Hilton
Owners:

 

	 	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

	 	ARC Hospitality Portfolio I NTC HIL TRS, LP, a Delaware limited partnership
	 	 	 
	 	By:	ARC HOSPITALITY PORTFOLIO I NTC TRS
    GP, LLC, its general partner

 

	 	By:	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017
	 	 	 	 
	 	 	 	 
	 	ARC Hospitality Portfolio II HIL TRS, LLC, a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

    8 

     

    

 

	 	ARC Hospitality Portfolio II NTC HIL TRS, LP, a Delaware limited partnership
	 	 	 
	 	By:	ARC HOSPITALITY PORTFOLIO II NTC TRS GP, LLC,
    its general partner
	 	 	 	 
	 	By: 
	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

Mckibbon
Owners:

 

	 	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017
	 	 	 	 
	 	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership
	 	 	 	 
	 	By:	ARC HOSPITALITY
    PORTFOLIO I NTC TRS GP, LLC, its general partner
	 	 	 	 
	 	By:	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

    9 

     

    

 

	 	ARC Hospitality Portfolio II MISC TRS, LLC, a Delaware limited liability company
	 	 	 	 
	 	
        By:
	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017
	 	 	 	 
	 	ARC HOSPITALITY PORTFOLIO II NTC TRS, LP, a Delaware limited partnership
	 	 	 	 
	 	By:	
        ARC HOSPITALITY PORTFOLIO II NTC TRS GP, LLC,
        its general partner

	 	 	 	 
	 	
        By:
	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017
	 	 	 	 

 

Innventures
Owner:

 

	 	ARC HOSPITALITY PORTFOLIO I MISC TRS, LLC, a Delaware limited liability company
	 	 	 	 
	 	
        By:
	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

Interstate
Owners:

 

	 	ARC HOSPITALITY SWN INT NTC TRS, LP, a Delaware limited partnership
	 	 	 	 
	 	By:	
        ARC HOSPITALITY SWN NTC TRS
        GP, LLC, its general partner

	 	 	 	 
	 	
        
By:	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

    10 

     

    

 

	 	ARC HOSPITALITY SWN TRS, LLC, a Delaware limited liability company
	 	 	 	 
	 	
        By:
	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

MAnager:

 

	 	American Realty Capital Hospitality Grace Portfolio, LLC, a Delaware limited liability company
	 	 	 	 
	 	 	 	 
	 	
        By:
	/s/ James
    A. Tanaka
	 	 	Name:  	James A. Tanaka 

	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 16, 2017
	 	 	 	 
	 	American Realty Capital Hospitality PROPERTIES, LLC, a Delaware limited liability company
	 	 	 	 
	 	 	 	 
	 	
        By:
	/s/ James
    A. Tanaka
	 	 	Name:  	James A. Tanaka 

	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 16, 2017

 

    11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]