EX-10.6 7 dex106.htm EXHIBIT 10.6 Exhibit 10.6

Exhibit 10.6

 

Schedule

 

for

 

Hotel Lease Agreement

Dated as of June 8, 2004

Between

Apple Six Hospitality, Inc., as Lessor, and

Apple Six Hospitality Management, Inc., as Lessee

 

Setting Forth Information on One Hotel

which, except for the information below,

is substantially similar to the

 

Hotel Lease Agreement

Dated as of May 28, 2004

Between

Apple Six Hospitality Texas, L.P., as Lessor, and

Apple Six Services, L.P., as Lessee

 

A. BASE RENT and COMMENCEMENT DATE

 

Hotel


   Base Rent

   Commencement Date

   Lessor

   Lessee

Courtyard by Marriott – Myrtle Beach, South Carolina

   $ 842,634.00    June 8, 2004    Apple Six Hospitality,
Inc.
   Apple Six Hospitality
Management, Inc.

 


B. SUITE REVENUE BREAKPOINTS

 

Quarters


   2004

   2005

   2006

   2007

   2008

   2009

   2010

   2011

   2012

   2013

   2014

1st Quarter

   $ 0    $ 171,723    $ 175,158    $ 178,661    $ 182,234    $ 185,879    $ 189,596    $ 193,388    $ 197,256    $ 201,201    $ 205,225

2nd Quarter

   $ 0    $ 343,447    $ 350,316    $ 357,322    $ 364,468    $ 371,758    $ 379,193    $ 386,777    $ 394,512    $ 402,402    $ 410,450

3rd Quarter

   $ 169,836    $ 515,170    $ 525,473    $ 535,983    $ 546,702    $ 557,636    $ 568,789    $ 580,165    $ 591,768    $ 603,604    $ 615,676

4th Quarter

   $ 390,623    $ 686,893    $ 700,631    $ 714,644    $ 728,937    $ 743,515    $ 758,386    $ 773,553    $ 789,024    $ 804,805    $ 820,901