8 unchanged sentences
Chamberlain West Hollywood Hotel November 30, 2018 West Hollywood, CA 115
−Removed: Hotel Ziggy (Grafton on Sunset) November 30, 2018 West Hollywood, CA 108
−Removed: Le Parc Suite Hotel November 30, 2018 West Hollywood, CA 154
+Added: Hotel Ziggy November 30, 2018 West Hollywood, CA 108
+Added: Le Parc at Melrose November 30, 2018 West Hollywood, CA 154
Mondrian Los Angeles May 3, 2011 West Hollywood, CA 236
−Removed: Montrose West Hollywood November 30, 2018 West Hollywood, CA 133
+Added: Montrose at Beverly Hills November 30, 2018 West Hollywood, CA 133
Le Méridien Delfina Santa Monica November 19, 2010 Santa Monica, CA 315
7 unchanged sentences
November 30, 2018 San Diego, CA 357
−Removed: Solamar Hotel November 30, 2018 San Diego, CA 235
+Added: Margaritaville Hotel San Diego Gaslamp Quarter November 30, 2018 San Diego, CA 235
The Westin San Diego Gaslamp Quarter April 6, 2011 San Diego, CA 450
5 unchanged sentences
November 30, 2018 San Francisco, CA 131
−Removed: 1 Hotel San Francisco (formerly Hotel Vitale) (1)
+Added: 1 Hotel San Francisco (1)
November 30, 2018 San Francisco, CA 200
6 unchanged sentences
Hotel Zetta San Francisco April 4, 2012 San Francisco, CA 116
−Removed: Hotel Zoe Fisherman's Wharf June 11, 2015 San Francisco, CA 221
Chaminade Resort & Spa November 30, 2018 Santa Cruz, CA 156
7 unchanged sentences
The Marker Key West Harbor Resort November 30, 2018 Key West, FL 96
−Removed: Hotel Colonnade Coral Gables, Autograph Collection November 12, 2014 Miami, FL 157
Margaritaville Hollywood Beach Resort (1) (4)
14 unchanged sentences
W Boston June 8, 2011 Boston, MA 238
−Removed: The Heathman Hotel November 30, 2018 Portland, OR 151
The Hotel Zags August 28, 2013 Portland, OR 174
The Nines, a Luxury Collection Hotel, Portland July 17, 2014 Portland, OR 331
−Removed: Newport Harbor Island Resort (formerly Gurney's Newport Resort & Marina) June 23, 2022 Newport, RI 257
−Removed: Hotel Monaco Seattle April 7, 2011 Seattle, WA 189
−Removed: 50 Hotel Vintage Seattle July 9, 2012 Seattle, WA 125
+Added: Newport Harbor Island Resort June 23, 2022 Newport, RI 257
Skamania Lodge November 3, 2010 Stevenson, WA 263
6 unchanged sentences
Hotel Managers and Hotel Management Agreements
−Removed: We are a party to hotel management agreements with Benchmark Hotels and Resorts, Davidson Hospitality Group, HEI Hotels and Resorts, Highgate, Hyatt, Kimpton Hotels and Restaurants, Marriott International, Noble House Hotels & Resorts, Pyramid Global Hospitality, Sage Hospitality, sbe Hotel Group, SH Hotels & Resorts, Springboard Hospitality and Viceroy Hotel Group.
+Added: We are a party to hotel management agreements with Davidson Hospitality Group, HEI Hotels and Resorts, Highgate, Kimpton Hotels and Restaurants, Marriott International, Noble House Hotels & Resorts, Pyramid Global Hospitality, Sage Hospitality, sbe Hotel Group, SH Hotels & Resorts, Springboard Hospitality and Viceroy Hotel Group.
Our management agreements generally have the terms described below:
4 unchanged sentences
Generally, incentive management fees are 10% to 20% of net operating income above a specified return on project costs or as a percentage of net operating income above various net operating income thresholds.
−Removed: Some of our management agreements provide for an incentive fee of the lesser of 1% of revenues or the amount by which net operating income exceeds a threshold.
Some of our management agreements have a maximum incentive fee of 2% of revenue.
3 unchanged sentences
Most of the agreements also provide us the ability to terminate based on failure to achieve defined operating performance thresholds.
−Removed: Termination fees range from zero to up to six times the annual base management and incentive management fees, depending on the agreement and the reason for termination.
+Added: Termination fees range from zero to up to three times the annual base management and incentive management fees, depending on the agreement and the reason for termination.
• Operational Services.
36 unchanged sentences
The Liberty, a Luxury Collection Hotel, Boston January 2036
−Removed: Hotel Colonnade Coral Gables, Autograph Collection April 2039
+Added: Margaritaville Hotel San Diego Gaslamp Quarter August 2038
Hilton San Diego Gaslamp Quarter June 2041
+Added: Hyatt Regency Boston Harbor December 2042
Paradise Point Resort & Spa 15th anniversary after hotel is re-branded as a Margaritaville
−Removed: Solamar Hotel 15th anniversary after hotel is re-branded as a Margaritaville
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.