Document:

EXHIBIT 10.14(c)

Scotiabank
Scotiabank Anguilla Limited

P.O. Box 250
The Valley, Anguilla W.I.

12th October, 1999

Mr. Peter J. Sonnabend
Vice Chairman
Sonesta International Hotel Corporation

Dear Mr. Sonnabend:

RE: SONESTA HOTELS OF ANGUILLA LIMITED

We are pleased to confirm the renewal of the following credit facilities to
Sonesta Hotels of Anguilla Limited ("The Borrower") by Scotiabank Anguilla
Limited ("The Bank") subject to the terms and conditions set out below and in
the Schedule A attached hereto (collectively referred to as the "Commitment
Letter").

This Commitment Letter supersedes all previous Commitment Letters and is not in
addition to any previous Commitment Letters.

Booking Office     Scotiabank Anguilla Limited or any Branch of the
                   Bank of Nova Scotia designated by the Bank.

Credit #1
Amount:            USD 3,915,000 non-revolving loan.

Purpose:           To purchase the hotel now known as Sonesta Beach Resort of
                   Anguilla.

Interest Rate:     30, 60, or 90 day (Borrower's option) London Inter-Bank Offer
                   Rate (LIBOR) plus 2.25% per annum.  Interest is payable on
                   funding rollover dates, net of any withholding tax.

Availment:         The credit/facility has been fully drawn.

Repayment:         Repayable in quarterly installments with a balloon payment as
                   follows:
<PAGE>

                                     - 2 -

                   Date                    Amount
                   ----                    ------
                   March 01, 2000          $   97,875
                   June 01, 2000           $   97,875
                   Sept. 01, 2000          $   97,875
                   Dec. 01, 2000           $   97,875
                   March 01, 2001          $   97,875
                   June 01, 2001           $   97,875
                   Sept. 01, 2001          $   97,875
                   Dec. 01, 2001           $   97,875
                   Dec. 31, 2001           $3,132,000 (or the balance of
                                           ----------  principal and interest
                                           $3,915,000  then outstanding,
                                           ----------  whichever is the
                                                       greater).

                   The foregoing principal payments and/or those payments due on
                   Credit #2 at the Bank's option, are to be supplemented
                   annually by application of 25% of Excess Cash Flow after debt
                   service as evidenced by audited year end financial
                   statements, with such payment to be made within 120 days of
                   each fiscal year end and applied to the loan in inverse order
                   of loan payment maturity. Excess Cash Flow is defined as net
                   income plus depreciation and amortization, plus disbursements
                   of any kind to officers, affiliates or non-arms length
                   parties, less principal paid on Bank term loans, less
                   Furniture, Fixtures and Equipment ("FF & E") Reserve to a
                   maximum of 5% of gross revenues, and Management Fees, and all
                   other amounts payable under the Management Contract and/or
                   Lease Agreement (to affiliates and other related companies),
                   all calculated on an annual basis. Permission from the Bank
                   to increase the maximum allowable FF & E reserve will not be
                   unreasonably withheld.

Prepayment:        Prepayment is permitted in multiples of $100,000 on interest
                   funding rollover dates. Any charges normally applied by the
                   Bank to cover losses incurred when prepayments are made on
                   other than rollover dates are for the account of the
                   Borrower.

Credit #2 Amount:  USD 1,525,000 non-revolving loan.

Purpose:           Assist in funding expansion of the hotel.
<PAGE>

                                     - 3 -

Interest Rates:    30, 60, or 90 day (Borrower's option) London Inter-Bank Offer
                   Rate (LIBOR) plus 2.25% per annum. Interest is payable on
                   funding rollover dates, net of any withholding tax.

Availment:         The credit/facility has been fully drawn.

Repayment:         Repayable in quarterly installments with a balloon payment as
                   follows:

                   Date                         Amount
                   ----                         ------
                   March 01, 2000               $   38,125
                   June 01, 2000                $   38,125
                   Sept. 01, 2000               $   38,125
                   Dec. 01, 2000                $   38,125
                   March 01, 2001               $   38,125
                   June 01, 2001                $   38,125
                   Sept. 01, 2001               $   38,125
                   Dec. 01, 2001                $   38,125
                   Dec. 31, 2001                $1,220,000 (or the balance of
                                                ----------  principal and
                                                $1,525,000  interest then
                                                ----------  outstanding,
                                                            whichever is the
                                                            greater).

Security           1.  Registered First Demand Mortgage Debenture stamped to
                       $6,390,000 providing the Bank with a first legal mortgage
                       over a total of approximately 39 acres of leasehold land
                       at Merrywing, Anguilla and the construction thereon,
                       presently substantially represented by the hotel known as
                       Sonesta Beach Resort of Anguilla, and a floating charge
                       over all of the other assets of the company. This
                       includes the 2.0 acres of land leased from Jeremiah
                       Gumbs, known as West Central Block 28009B Parcel 3 (Lot
                       1).

                   2.  A registered caution over 12 acres of land adjacent to
                       that on which the hotel is constructed along with a
                       letter from the company not to encumber this asset.

                   3.  All perils insurance, including flood and windstorm, for
                       the full amount of the hotel as well as FF & E and
                       inventory, with an insurer acceptable to the Bank.
<PAGE>

                                      - 4 -

                   4.  The guarantee of Sonesta International Hotels Corporation
                       (SIHC) for US $1,900,000 supported by all necessary
                       resolutions. The guarantee will reduce to US $1,000,000
                       upon the Borrower achieving an operating cash flow to
                       provide a debt service ratio of not less than 1.25 to 1
                       in a year in which payments of principal are made as
                       scheduled.

                       The guarantee will further reduce to US $500,000 in the
                       next year in which the same ratio is maintained and
                       principal payments are made as scheduled.

Conditions
Precedent:             Nil

Other              1.  No advances, bonuses, loans or dividends to officers,
Conditions:            affiliates or parent without the prior written consent of
                       the Bank.

                   2.  25% of cash flow after debt service and annual
                       maintenance expenditures (5% of gross revenues to be set
                       aside for annual maintenance) to be applied to N/R loan
                       commencing fiscal year 2000, as detailed under
                       "Repayment" above.

                   3.  No change in ownership without the prior written consent
                       of the Bank.

                   4.  No lease agreements, development orders, condominium
                       developments, timeshare schemes or other forms of room
                       pre-selling are permitted without the prior written
                       consent of the Bank.

                   5.  All accounts of the hotel including Visa/Mastercard sales
                       drafts are to be maintained with the Bank, subject to
                       pricing being competitive.

                   6.  Any contract to manage the hotel must be in form and
                       substance acceptable to the Bank, with a management
                       entity acceptable to the Bank.

                   7.  The management company shall provide its written
                       acknowledgement, that its management contract may be
                       terminated by the Bank at its sole option, without
                       penalty in the event of default by the Borrower under the
                       terms of the loan documentation and the Bank having
                       instituted proceedings to realize its security. The Bank
                       would consider any default to be cured by the Borrower or
                       Guarantor if the same is remedied within 30 days of
                       notice to the Borrower and Guarantor.
<PAGE>

                                      - 5 -

Reporting:         1.  Annual audited financial statements of the Borrower
                       within 120 days of fiscal year end, duly signed.

                   2.  Annual audited financial statements of the Guarantor
                       within 120 days of fiscal year end, duly signed.

                   3.  Quarterly in-house financial statements of the Borrower
                       within 45 days of period end.

                   4.  Profit and loss projections for the next fiscal year
                       within 45 days of the Borrower's fiscal year end.

                   5.  Copy of the annual Government health certificate to be
                       provided to the Bank on receipt of the same.

                   6.  Evidence satisfactory to the Bank is to be provided
                       annually, concurrently with the Borrower's financial
                       statements or at such other time as may be agreed by the
                       Bank, that all property taxes and other taxes, including
                       gross receipts taxes due and payable have been paid or
                       arrangements satisfactory to the Bank have been made for
                       their payment, and that all employee deductions have been
                       remitted to the government as required.

                   7.  Where the prior written consent of the Bank is required,
                       such will not be unreasonably withheld or delayed.

Applicable             All agreements and documentation shall be governed by and
Law:                   construed in accordance with the laws of Anguilla.

If the terms and conditions set out above and in Schedule `A' attached hereto
are acceptable to you, please sign the enclosed copy of this letter in the
spaces indicated on the following page and return the letter to the undersigned
by the close of business on 12th November, 1999.

Yours very truly,
SCOTIABANK ANGUILLA LIMITED

s/s
A.W. MacCalman
Managing Director
<PAGE>

The terms and conditions set out above and in Schedule A attached hereto are
hereby acknowledged and accepted by:

                                       Sonesta Hotels of Anguilla Limited

11/19/99                               s/s
--------------------                   -----------------------------------------
Date                                   Mr. Peter Sonnabend
                                       Director

                                       Sonesta International Hotels Corporation
                                       (as Guarantor)

11/19/99                               s/s
--------------------                   -----------------------------------------
Date                                   Name and Title
                                       Peter J. Sonnabend - Vice ChairmanEXHIBIT 10.14(d)

Scotiabank
Scotiabank Anguilla Limited

P.O. Box 250
The Valley, Anguilla W.I.

13th March, 2000

Mr. Peter J. Sonnabend
Vice Chairman
Sonesta International Hotels Corporation

Dear Mr. Sonnabend:

RE: SONESTA HOTELS OF ANGUILLA LIMITED

We are pleased to confirm, subject to acceptance by Sonesta Hotels of Anguilla
Limited, Scotiabank Anguilla Limited ("The Bank") will make available to Sonesta
Hotels of Anguilla Limited ("The Borrower"), the following credit facilities on
the terms and conditions set out below and in the Schedule A attached hereto
(collectively referred to as the "Commitment Letter").

This Commitment Letter supersedes all previous Commitment Letters and is not in
addition to any previous Commitment Letters.

Booking Office         Scotiabank Anguilla Limited or any Branch of the Bank of
                       Nova Scotia designated by the Bank.

Credit #1
Amount:                USD 3,817,125 non-revolving loan.

Purpose:               To purchase the hotel now known as Sonesta Beach Resort
                       of Anguilla.

Interest Rate:         30, 60, or 90 day (Borrower's option) London Inter-Bank
                       Offer Rate (LIBOR) plus 2.25% per annum. Interest is
                       payable on funding rollover dates, net of any withholding
                       tax.

Availment:             The credit/facility has been fully drawn.

Repayment:             Repayable in quarterly installments with a balloon
                       payment as follows:
<PAGE>

                                     - 2 -

                       Date                  Amount
                       ----                  ------
                       June 01, 2000         $   97,875
                       Sept. 01, 2000        $   97,875
                       Dec. 01, 2000         $   97,875
                       March 01, 2001        $   97,875
                       June 01, 2001         $   97,875
                       Sept. 01, 2001        $   97,875
                       Dec. 01, 2001         $   97,875
                       Dec. 31, 2001         $3,132,000 (or the balance of
                                             ----------  principal and interest
                                             $3,817,125  then outstanding,
                                             ----------  whichever is the
                                                         greater).

                       The foregoing principal payments and/or those payments
                       due on Credit #2 at the Bank's option, are to be
                       supplemented annually by application of 25% of Excess
                       Cash Flow after debt service as evidenced by audited year
                       end financial statements, with such payment to be made
                       within 120 days of each fiscal year end and applied to
                       the loan in inverse order of loan payment maturity.
                       Excess Cash Flow is defined as net income plus
                       depreciation and amortization, plus disbursements of any
                       kind to officers, affiliates or non-arms length parties,
                       less principal paid on Bank term loans, less Furniture,
                       Fixtures and Equipment ("FF & E") Reserve to a maximum of
                       5% of gross revenues, and Management Fees, and all other
                       amounts payable under the Management Contract and/or
                       Lease Agreement (to affiliates and other related
                       companies), all calculated on an annual basis. Permission
                       from the Bank to increase the maximum allowable FF & E
                       reserve will not be unreasonably withheld.

Prepayment:            Prepayment is permitted in multiples of $100,000 on
                       interest funding rollover dates. Any charges normally
                       applied by the Bank to cover losses incurred when
                       prepayments are made on other than rollover dates are for
                       the account of the Borrower.

Credit #2 Amount:      USD 1,486,875 non-revolving loan.

Purpose:               Assist in funding expansion of the hotel.

Interest Rates:        30, 60, or 90 day (Borrower's option) London Inter-Bank
                       Offer Rate (LIBOR) plus 2.25% per annum. Interest is
                       payable on funding rollover dates, net of any withholding
                       tax.
<PAGE>

                                      - 3 -

Availment:             The credit/facility has been fully drawn.

Repayment:             Repayable in quarterly installments with a balloon
                       payment as follows:

                       Date                  Amount
                       ----                  ------
                       June 01, 2000         $   38,125
                       Sept. 01, 2000        $   38,125
                       Dec. 01, 2000         $   38,125
                       March 01, 2001        $   38,125
                       June 01, 2001         $   38,125
                       Sept. 01, 2001        $   38,125
                       Dec. 01, 2001         $   38,125
                       Dec. 31, 2001         $1,220,000 (or the balance of
                                             ----------  principal and interest
                                             $1,486,875  then outstanding,
                                             ----------  whichever is the
                                                         greater).

Credit #3 Amount:      USD 400,000 operating overdraft.

Purpose:               Assist with any cash flow shortfalls the hotel may
                       experience during the months of March 2000 to May 2000,
                       pending receipt of insurance proceeds.

Interest Rates:        Scotiabank Anguilla Limited's Base lending rate for US
                       Dollars in Anguilla plus a spread of 1%. (Presently
                       effective 11%).

Availment:             The credit may be availed by cheques drawn on the current
                       account of the Borrower at this Bank.

Repayment:             The facility is to be repaid in full by 31st May, 2000.

Credit #4 Amount:      USD 600,000 non-revolving loan.

Purpose:               To repay indebtedness to parent, Sonesta International
                       Hotels Corporation, for financial assistance provided in
                       connection with repairs to hotel after hurricane Lenny.
<PAGE>

                                      - 4 -

Interest Rates:        30, 60, or 90 day (Borrower's option) London Inter-Bank
                       Offer Rate (LIBOR) plus 2.25% per annum. Interest is
                       payable on funding rollover dates, net of any withholding
                       tax.

Availment:             The credit may be availed by direct advance(s) evidenced
                       by demand promissory notes(s).

Repayment:             Repayable in full with a lump sum payment by 31st May,
                       2000.

Fees:                  A commitment fee of US $5,000 is payable upon your
                       acceptance of this offer of credit.

Security           1.  Registered First Demand Mortgage Debenture stamped to
                       $6,390,000 providing the Bank with a first legal mortgage
                       over a total of approximately 39 acres of leasehold land
                       at Merrywing, Anguilla and the construction thereon,
                       presently substantially represented by the hotel known as
                       Sonesta Beach Resort of Anguilla, and a floating charge
                       over all of the other assets of the company. This
                       includes the 2.0 acres of land leased from Jeremiah
                       Gumbs, known as West Central Block 28009B Parcel 3 (Lot
                       1).

                   2.  A registered caution over 12 acres of land adjacent to
                       that on which the hotel is constructed along with a
                       letter from the company not to encumber this asset.

                   3.  All perils insurance, including flood and windstorm, for
                       the full amount of the hotel as well as FF & E and
                       inventory, with an insurer acceptable to the Bank.

                   4.  The guarantee of Sonesta International Hotels Corporation
                       (SIHC) for US $1,900,000 supported by all necessary
                       resolutions. The guarantee will reduce to US $1,000,000
                       upon the Borrower achieving an operating cash flow to
                       provide a debt service ratio of not less than 1.25 to 1
                       in a year in which payments of principal are made as
                       scheduled.

                       The guarantee will further reduce to US $500,000 in the
                       next year in which the same ratio is maintained and
                       principal payments are made as scheduled.

Conditions
Precedent:             Nil
<PAGE>

                                      - 5 -

Other              1.  No advances, bonuses, loans or dividends to officers,
Conditions:            affiliates or parent without the prior written consent of
                       the Bank.

                   2.  25% of cash flow after debt service and annual
                       maintenance expenditures (5% of gross revenues to be set
                       aside for annual maintenance) to be applied to N/R loan
                       commencing fiscal year 2000, as detailed under
                       "Repayment" above.

                   3.  No change in ownership without the prior written consent
                       of the Bank.

                   4.  No lease agreements, development orders, condominium
                       developments, timeshare schemes or other forms of room
                       pre-selling are permitted without the prior written
                       consent of the Bank.

                   5.  All accounts of the hotel including Visa/Mastercard sales
                       drafts are to be maintained with the Bank, subject to
                       pricing being competitive.

                   6.  Any contract to manage the hotel must be in form and
                       substance acceptable to the Bank, with a management
                       entity acceptable to the Bank.

                   7.  The management company shall provide its written
                       acknowledgement, that its management contract may be
                       terminated by the Bank at its sole option, without
                       penalty in the event of default by the Borrower under the
                       terms of the loan documentation and the Bank having
                       instituted proceedings to realize its security. The Bank
                       would consider any default to be cured by the Borrower or
                       Guarantor if the same is remedied within 30 days of
                       notice to the Borrower and Guarantor.

Reporting:         1.  Annual audited financial statements of the Borrower
                       within 120 days of fiscal year end, duly signed.

                   2.  Annual audited financial statements of the Guarantor
                       within 120 days of fiscal year end, duly signed.

                   3.  Quarterly in-house financial statements of the Borrower
                       within 45 days of period end.

                   4.  Profit and loss projections for the next fiscal year
                       within 45 days of the Borrower's fiscal year end.
<PAGE>

                                      - 6 -

                   5.  Copy of the annual Government health certificate to be
                       provided to the Bank on receipt of the same.

                   6.  Evidence satisfactory to the Bank is to be provided
                       annually, concurrently with the Borrower's financial
                       statements or at such other time as may be agreed by the
                       Bank, that all property taxes and other taxes, including
                       gross receipts taxes due and payable have been paid or
                       arrangements satisfactory to the Bank have been made for
                       their payment, and that all employee deductions have been
                       remitted to the government as required.

                   7.  Where the prior written consent of the Bank is required,
                       such will not be unreasonably withheld or delayed.

Applicable             All agreements and documentation shall be governed by and
Law:                   construed in accordance with the laws of Anguilla.

If the terms and conditions set out above and in Schedule 'A' attached hereto
are acceptable to you, please sign the enclosed copy of this letter in the
spaces indicated on the following page and return the letter to the undersigned
by the close of business on 10th April, 2000.

Yours very truly,
SCOTIABANK ANGUILLA LIMITED

s/s
A.W. MacCalman
Managing Director

<PAGE>

The terms and conditions set out above and in Schedule A attached hereto are
hereby acknowledged and accepted by:

                                       Sonesta Hotels of Anguilla Limited

3/14/00                                s/s
--------------------                   -----------------------------------------
Date                                   Mr. Peter Sonnabend
                                       Director

                                       Sonesta International Hotels Corporation
                                       (as Guarantor)

3/14/00                                s/s
--------------------                   -----------------------------------------
Date                                   Name and Title
                                       Peter J. Sonnabend - Vice Chairman

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