Page 107 - Valor Hospitality Partners - Casa Anfa Project

SUGGESTED MANAGEMENT AGREEMENT TERMS

• Termination provisions in the Contract

• 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

• This would be the first project undertaken by Valor in Casablanca and therefore we would be happy to offer an AOP with

a minimum of 10 miles

• The brand AOP’s would be specific to the brand but likely cast a wide net also