Page 81 - Valor Hospitality Global Overview

SUGGESTED MANAGEMENT AGREEMENT TERMS

• Termination provisions in the contract for brand

• Valor termination noted. Brand will have their own provisions

• Technical Services Fee

• Valor technical services fee and pre-opening management fee on previous slides

• Approval Rights (annual budgets, executive personnel)

• We always present General Managers to owners for approval

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• Annual budgets are presented by October 31 latest to allow for a suitable review period & discussion

• Exclusivity / Area of Protection

• The brand AOP’s would be specific to the brand and are somewhat negotiable