Page 104 - Valor Hospitality Partners - Casa Anfa Project

TERM SHEET AND FEES

Proposal and Compensation

• Initial Project Review, Final Programming Plan & Technical Services as highlighted above in slides 44 & 45:

• $45,000 per month excluding travel and subsistence expenses. This is a fully inclusive price of all the services noted.

NB. Valor typically charge $25,000 per hotel / serviced apartment project but have discounted to provide services for all
components excluding conference center where we would be happy to offer a further discounted fee if included.

Therefore pricing above is fully inclusive. Valor will also agree a fixed timeline and fee cap once the project details are
understood

• Pre-Opening Management Services as highlighted in slide 46:

• $30,000 per month + travel and subsistence expenses. Duration lasts approximately 12 - 16 months from the
engagement and hire of key hotel Executives such as the General Manager through opening of the hotel. Fee carried
within a yet to be complied pre-opening budget which can be seen within the yet to be created pro forma /
development budget. It is assumed this timeline will be no longer than 16 months as noted, with a maximum cap of
$400,000

NB. Valor typically charge $15,000 per hotel / serviced apartment project but have discounted to provide services for all
components excluding conference center where we would be happy to offer a further discounted fee if included.
Therefore pricing above is fully inclusive.

• It is important to note that Valor, unlike most management companies is a true full-service operator. This
means that every service provided (with the exception of possible differing accounting solutions) is fully
centralized and no additional fees are charged to the hotel property / properties unlike competing
management companies