EXHIBIT 10.2
AMENDED AND RESTATED EXHIBIT A
LIST OF PARTNERS AND CONTRIBUTED ASSETS
REVISED FOR EXERCISE OF IPO OVERALLOTMENT OPTION
AS OF SEPTEMBER 26, 2003
AGREED VALUE COMMON COMMON
OF CONTRIBUTED PARTNERSHIP PERCENTAGE
INITIAL CONTRIBUTED ASSET CASH CONTRIBUTION ASSET UNITS INTEREST
PARTNERS:
GENERAL PARTNER:
Ashford OP General Partner LLC None None N/A None None
LIMITED PARTNERS:
Ashford OP Limited Partner LLC Cash, Holtsville property, services
Public shares 22,336,478 @ $9.00 $201,028,302 $201,028,302 22,336,478
Overallotment - Public shares 1,734,072 @ $9.00 15,606,648 15,606,648 1,734,072
Friends & family shares 163,522 @ $.8.37 1,368,679 1,368,679 163,522
Bennett shares 500,000 @ $8.37 4,185,000 4,185,000 500,000
Holtsville shares 216,634 @ $9.00 1,949,706 216,634
Underwriter shares 65,024 @ $9.00 585,216 65,024
Director shares 25,000 @ $9.00 225,000 25,000
Employee shares 650,300 @ $9.00 5,852,700 650,300
Overallotment - Employee shares 39,017 @ $9.00 351,153 39,017
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$222,188,629 $231,152,404 25,730,047 81.9742%
Remington Suites Austin, L.P. Embassy Suites Austin None $ 8,673,750 963,750 3.0704%
9505 Stonelake Blvd.
Austin, TX
Remington Suites Dallas, L.P. Embassy Suites Dallas None $ 5,956,875 661,875 2.1087%
14021 Noel Road
Dallas, TX
Remington Suites Dulles, L.P. Embassy Suites Dulles None $ 12,076,875 1,341,875 4.2751%
2339 Centreville Road
Herndon, VA
Remington Suites Las Vegas, L.P. Embassy Suites Las Vegas None $ 13,008,753 1,445,417 4.6050%
4315 Swenson Street
Las Vegas, NV
Chicago Illinois Hotel Limited Radisson Hotel Covington None $ 1,980,000 220,000 0.7010%
Partnership 668 West Fifth Street
Covington, KY
Ashford Financial Corporation Asset Management and Consulting None $ 9,225,000 1,025,000 3.2656%
Agreements*
* There are eight Asset Management and Consulting Agreements, each
between Ashford Financial Corporation and a hotel management company. Under
these eight agreements, Ashford Financial Corporation provides asset management
and consulting services to 27 hotels managed under contract with the eight
management companies. Each of the Asset Management and Consulting Agreements is
described below:
EXPIRATION DATE OF
MANAGER MANAGEMENT AGREEMENT(1) PROPERTY
Remington Hospitality, Inc October 26, 2020 Alexandria Sheraton
October 11, 2009 Annapolis Historic
October 26, 2020 Beverly Hills Ramada
June 3, 2011 Coral Gables Holiday Inn
October 26, 2020 Ft. Worth Radisson
May 31, 2011 Key West -- Crowne Plaza
October 26, 2020 Woburn Radisson
Remington Indianapolis Employers Corporation October 26, 2020 Indy Airport -- Radisson
October 26, 2020 Indy Circle -- Radisson
Remington Milford Hotel Employers Corporation April 26, 2008 Hyannis Ramada
Remington Suites Hotel Corporation October 25, 2020 Houston Embassy
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(1) These expiration dates represent the initial expiration dates without
giving effect to any extensions.
EXPIRATION DATE OF
MANAGER MANAGEMENT AGREEMENT(1) PROPERTY
Remington Employers Corporation
May 6, 2009 Commack Howard Johnson
October 6, 2008 Dallas Best Western
March 3, 2008 Falmouth Square Inn
March 1, 2009 Gull Wings Suites
October 26, 2020 Milford Radisson
March 17, 2008 Rockland Radisson
May 16, 2009 Saddlebrook Radisson
September 1, 2009 St. Petersburg Hilton
November 30, 2007 Warner Robins Ramada
May 13, 2009 Westbury Howard Johnson
May 2, 2009 Woburn Four Points
Remington Employers Management Corporation May 31, 2010 West Palm Beach Embassy Suites
July 13, 2008 Minnetonka Sheraton
October 26, 2020 Nassau Bay Hilton
Remington Orlando Management Corporation January 31, 2008 Sheraton Orlando
Remington Ventura Employers Corporation December 31, 2008 Ventura Marriott