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EXHIBIT 10.2.1
SCHEDULE OF EXECUTED LEASE AGREEMENTS
SHOWING MATERIAL VARIATIONS FROM
FORM OF LEASE AGREEMENT
(AS OF JUNE 30, 1998)
(DOLLAR AMOUNTS IN THOUSANDS)
Annual
Percentage Rent
--------------- Suite
Hotel Location/Franchise/ Commencement Annual First Second Revenue
Manager (1) Lessor (2) Lessee (3) Date Base Rent (4) Tier (5) Tier (6) Breakpoint (4)
- ----------- ---------- ---------- ------------ ------------- ------- ------- --------------
Dallas (Park Central), TX 7/28/94 $1,477 17% 65% $3,590
Jacksonville, FL 7/28/94 882 17% 65% 3,490
Nashville, TN 7/28/94 1,667 17% 65% 4,290
Orlando (North), FL 7/28/94 1,571 19% 65% 2,650
Orlando (South), FL 7/28/94 1,413 17% 65% 4,580
Tulsa, OK 7/28/94 1,268 19% 65% 2,770
New Orleans, LA 12/1/94 1,960 19% 65% 4,290
Flagstaff, AZ 2/15/95 570 17% 65% 1,160
Dallas (Love Field), TX (7) 3/29/95 1,836 17% 65% 3,060
Boston-Marlborough, MA (8) 6/30/95 720 19% 65% 940
Corpus Christi, TX 7/19/95 1,000 17% 65% 1,495
Brunswick, GA 7/19/95 1,000 17% 65% 1,350
Chicago-Lombard, IL (9) 8/1/95 1,900 17% 65% 3,270
Burlingame (SF Airport), CA (10) 11/6/95 3,147 17% 65% 3,174
Minneapolis (Airport) MN (10) 11/6/95 2,778 17% 65% 2,138
Minneapolis (Downtown), MN (10) 11/15/95 1,387 17% 65% 2,091
St. Paul, MN (11) 11/15/95 1,085 17% 65% 3,115
Boca Raton, FL (12) (10) 11/15/95 654 17% 65% 1,421
Tampa (Busch Gardens), FL (12) (10) 11/15/95 786 17% 65% 1,287
Cleveland, OH (10) 11/17/95 1,258 17% 65% 4,929
Anaheim, CA (10) 1/3/96 1,272 17% 65% 2,062
Baton Rouge, LA (10) 1/3/96 1,204 17% 65% 2,281
Birmingham, AL (10) 1/3/96 1,898 17% 65% 1,273
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Annual
Percentage Rent
--------------- Suite
Hotel Location/Franchise/ Commencement Annual First Second Revenue
Manager (1) Lessor (2) Lessee (3) Date Base Rent (4) Tier (5) Tier (6) Breakpoint (4)
- ----------- ---------- ---------- ------------ ------------- ------- ------- --------------
Deerfield Beach, FL (10) 1/3/96 2,163 17% 65% 2,568
Ft. Lauderdale, FL (10) 1/3/96 3,228 17% 65% 1,969
Miami (Airport), FL (10) 1/3/96 2,222 17% 65% 2,882
Milpitas, CA (10) 1/3/96 2,143 17% 65% 1,402
Phoenix (Camelback), AZ (10) 1/3/96 2,812 17% 65% 1,428
South San Francisco (SF Airport), (10) 1/3/96 1,876 17% 65% 3,103
CA
Piscataway, NJ 1/10/96 1,355 17% 65% 3,574
Lexington, KY (13) 1/10/96 1,149 17% 65% 2,135
Beaver Creek, CO 2/20/96 375 17% 65% 2,284
Boca Raton, FL 2/28/96 1,368 17% 65% 3,670
Los Angeles (LAX), CA (14) 3/27/96 1,600 17% 65% 4,130
Mandalay Beach, CA (10) 5/8/96 1,927 17% 65% 2,909
Napa, CA (10) 5/8/96 1,215 17% 65% 3,145
Deerfield, IL (15) (16) 6/20/96 1,743 17% 65% 2,505
San Rafael, CA (18) (16) 7/18/96 2,107 17% 65% 2,917
Parsippany, NJ (19) (16) 7/31/96 2,440 17% 65% 3,930
Charlotte, NC (20) (16) 9/12/96 2,200 17% 65% 3,353
Indianapolis, IN (21) (16) 9/12/96 1,470 17% 65% 2,794
Atlanta (Buckhead), GA (16) 10/17/96 3,667 17% 65% 3,872
Myrtle Beach, SC (16) 12/5/96 1,963 17% 65% 6,236
San Antonio, TX (22) (17) 2/1/97 1,400 17% 65% 2,474
Raleigh, NC (23) (17) 2/1/97 2,100 17% 65% 2,711
Overland Park, KS (24) (17) 2/1/97 1,600 17% 65% 2,114
Secaucus, NJ (25) (17) 2/1/97 2,400 17% 65% 4,788
Kansas City, MO (26) (17) 2/1/97 2,100 17% 65% 2,976
Covina, CA (27) (17) 2/1/97 900 17% 65% 3,066
Austin, TX (28) (17) 2/1/97 2,200 17% 65% 2,378
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Annual
Percentage Rent
------------------- Suite
Hotel Location/Franchise/ Commencement Annual First Second Revenue
Manager (1) Lessor (2) Lessee (3) Date Base Rent (4) Tier (5) Tier (6) Breakpoint (4)
- ----------- ---------- ---------- ------------ ------------- ------- ------- --------------
Atlanta (Perimeter
Center), GA (29) (17) 2/1/97 2,300 17% 65% 2,949
Bloomington, MN (12) (17) 2/1/97 1,800 17% 65% 2,468
Omaha, NE (12) (17) 2/1/97 1,400 17% 65% 1,703
Los Angeles (LAX North), CA (17) 2/18/97 1,669 17% 65% 3,176
Dana Point, CA (12) (17) 2/20/97 992 17% 65% 2,211 (1997)
1,983 (1988)
Anne Arundel County
(BWI), MD (12) (31) (30) 3/20/97 (33) 1,900 17% 65% 2,536
Troy, MI (12) (32) (30) 3/20/97 (33) 2,100 17% 65% 1,936
Austin, TX (12) (32) (30) 3/20/97 (33) 1,900 17% 65% 1,961
San Antonio, TX (34) (17) 5/16/97 1,773 17% 65% 3,640
Nashville, TN (35) 6/05/97 900 17% 65% 1,585
Dallas (Market Center), TX (17) 6/30/97 2,300 17% 65% 2,896
Syracuse, NY (17) 6/30/97 1,400 17% 65% 3,245
Atlanta (Galleria), GA (37) (36) 6/30/97 (33) 2,155 17% 65% 3,777
College Park (Atlanta Airport),
GA (38) (36) 6/30/97 (33) 2,426 17% 65% 5,033
Dallas (Park Central), TX (38) (36) 6/30/97 (33) 5,091 17% 65% 6,490
Rosemont (O'Hare Airport),
IL (37) (36) 6/30/97 (33) 3,522 17% 65% 2,760
Phoenix (Crescent), AZ (38) (36) 6/30/97 (33) 2,908 17% 65% 6,218
Durham, NC (12) (35) 7/28/97 1,700 17% 65% 1,900
Lake Buena Vista, FL (12) (35) 7/28/97 2,900 17% 65% 2,272
Tampa (Rocky Point), FL (12) (35) 7/28/97 1,700 17% 65% 1,939
Philadelphia Society Hill,
PA (38) (38) (36) 9/30/97 (33) 3,834 17% 65% 5,220
Burlington, VT (38) (40) 12/4/97 2,252 17% 65% 3,181
Dayton, OH (41) (35) 12/30/97 797 17% 65% 1,331
Columbus, OH (12) (32) (35) 2/6/98 1,534 17% 65% 1,900
Wilmington, DE (42) (32) (30) 3/20/98 901 17% 65% 2,284 (1998)
2,195 (1999
-2001)
2,506 (2002)
Denver, CO (41) (32) (30) 4/14/98 1,759 17% 65% 2,712
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Annual
Percentage Rent
--------------- Suite
Hotel Location/Franchise/ Commencement Annual First Second Revenue
Manager (1) Lessor (2) Lessee (3) Date Base Rent (4) Tier (5) Tier (6) Breakpoint (4)
- ----------- ---------- ---------- ------------ ------------- ------- ------- --------------
Atlanta (College Park), GA 5/1/98 1,700 17% 65% 3,421
Palm Desert, CA 5/1/98 1,700 17% 65% 3,181
Lexington, KY (37) (36) 5/1/98 1,500 17% 65% 413
Phoenix, AZ 5/1/98 1,900 17% 65% 2,354
Tempe, AZ 5/1/98 2,500 17% 65% 1,651
Cypress Creek (Ft.
Lauderdale), FL (37) (36) 5/1/98 1,982 17% 65% 2,944
Irving (DFW), TX (12) 5/1/98 2,884 17% 65% 4,657
Dallas (Campbell Centre),TX (41) (32) (30) 5/29/98 2,230 17% 65% 2,834
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(1) Unless otherwise noted, the hotels under each Lease Agreement
are operated as Embassy Suites(R) hotels under a commitment or
license agreement with Promus Hotels, Inc., and the Manager as
defined in each Lease Agreement is Promus Hotels, Inc. or an
affiliate thereof.
(2) Unless otherwise noted, Lessor as defined in each Lease
Agreement is FelCor Suites Limited Partnership
("Partnership").
(3) Unless otherwise noted, Lessee as defined in each Lease
Agreement is DJONT Operations, L.L.C., a Delaware limited
liability company.
(4) The amount shown represents the amount set forth in each Lease
Agreement as the annual Base Rent and the threshold suite
revenue amount. Both of these amounts are subject to
adjustment for changes in the consumer price index and may not
represent the actual amount currently required under each
Lease Agreement.
(5) Represents percentage of suite revenue payable as Percentage
Rent up to suite revenue breakpoint.
(6) Represents percentage of suite revenue payable as Percentage
Rent in excess of suite revenue breakpoint.
(7) The Manager as defined in this Lease Agreement is American
General Hospitality, Inc.
(8) The Lessee is FCOAM Inc.
(9) The Lessor as defined in this Lease Agreement is Promus/FelCor
Lombard Venture, a joint venture between the Partnership and
Promus Hotels, Inc.
(10) The Lessor as defined in these Lease Agreements is FelCor/CSS
Holdings, L.P., of which the Partnership is a 99% limited
partner and another subsidiary of the Company is a 1% general
partner.
(11) The Lessor as defined in this Lease Agreement is FelCor/St.
Paul Holdings, L.P., of which the Partnership is a 99% limited
partner and another subsidiary of the Company is a 1% general
partner.
(12) The hotels under these Lease Agreements are operated as
Doubletree Guest Suites(R) hotels.
(13) The hotel under this Lease Agreement is operated as a Hilton
Suites(R) hotel under a franchise or license agreement with
Hilton Inns, Inc., and the Manager as defined in this Lease
Agreement is American General Hospitality, Inc.
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(14) The Lessor as defined in this Lease Agreement is Los Angeles
International Airport Hotel Associates, a limited partnership
of which the Partnership is the sole general partner and of
which the Partnership has an approximate 97% partnership
interest.
(15) The Manager as defined in this Lease Agreement is Coastal
Hotel Group, Inc.
(16) The Lessee as defined in the Lease Agreement for these hotels
is DJONT Leasing, L.L.C., a Delaware limited liability
company, pursuant to an assignment of the applicable Lease
Agreement from DJONT Operations, L.L.C.
(17) The Lessee as defined in the Lease Agreement for these hotels
is DJONT Leasing, L.L.C., a Delaware limited liability
company.
(18) The Lessor as defined in this Lease Agreement is MHV Joint
Venture, a joint venture between the Partnership and Promus
Hotels, Inc.
(19) The Lessor as defined in this Lease Agreement is Promus/FelCor
Parsippany Venture, a joint venture between the Partnership
and Promus Hotels, Inc.
(20) The Lessor as defined in this Lease Agreement is E.S.
Charlotte, a Minnesota limited partnership, of which the
Partnership owns a 49% limited partner interest and FelCor/CSS
Hotels, L.L.C., a Delaware limited liability company and
subsidiary of the Partnership, owns a 1% general partner
interest.
(21) The Lessor as defined in this Lease Agreement is E.S. North, a
Indiana Limited Partnership, of which the Partnership owns a
49% limited partner interest and FelCor/CSS Hotels, L.L.C., a
Delaware limited liability company and subsidiary of the
Partnership, owns a 1% general partner interest.
(22) The Lessor as defined in this Lease Agreement is EPT San
Antonio Limited Partnership, of which the Partnership owns 49%
and FelCor Eight Hotels, L.L.C. a subsidiary of the
Partnership ("FelCor Eight") owns a 1% general partner
interest.
(23) The Lessor as defined in this Lease Agreement is EPT Raleigh
Limited Partnership, of which the Partnership owns 49% and
FelCor Eight owns a 1% general partner interest.
(24) The Lessor as defined in this Lease Agreement is EPT Overland
Park Limited Partnership, of which the Partnership owns 49%
and FelCor Eight owns a 1% general partner interest.
(25) The Lessor as defined in this Lease Agreement is EPT
Meadowlands Limited Partnership, of which the Partnership owns
49% and FelCor Eight owns a 1% general partner interest.
(26) The Lessor as defined in this Lease Agreement is EPT Kansas
City Limited Partnership, of which the Partnership owns 49%
and FelCor Eight owns a 1% general partner interest.
(27) The Lessor as defined in this Lease Agreement is EPT Covina
Limited Partnership, of which the Partnership owns 49% and
FelCor Eight owns a 1% general partner interest.
(28) The Lessor as defined in this Lease Agreement is EPT Austin
Limited Partnership, of which the Partnership owns 49% and
FelCor Eight owns a 1% general partner interest.
(29) The Lessor as defined in this Lease Agreement is EPT
Atlanta-Perimeter Center Limited Partnership, of which the
Partnership owns 49% and FelCor Eight owns a 1% general
partner interest.
(30) The Lessee as defined in the Lease Agreement for this hotel is
FCH/DT Leasing, L.L.C., a Delaware limited liability company.
(31) The Lessor as defined in the Lease Agreement is FCH/DT BWI
Holdings, L.P., a Delaware limited partnership.
(32) The Lessor as defined in these Lease Agreements is FCH/DT
Holdings, L.P., a Delaware limited partnership.
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(33) The Lease is for a term of 15 years and contains an automatic
renewal provision, pursuant to which the Lease shall be
extended for an additional five-year term if the corresponding
Management Agreement is extended pursuant to the terms thereof
for an additional five-year period.
(34) The Lessor is Promus/FelCor San Antonio Venture, a Texas
general partnership.
(35) The Lessee is FCH/DT Leasing II, L.L.C., a Delaware limited
liability company.
(36) The Lessee is FCH/SH Leasing, L.L.C., a Delaware limited
liability company.
(37) The hotel under this Lease Agreement is operated as a Sheraton
Suites(R) hotel and managed by a subsidiary of Starwood Hotels
& Resorts.
(38) The hotel under this Lease Agreement is operated as a
Sheraton(R) hotel and managed by a subsidiary of Starwood
Hotels & Resorts.
(39) The Lessor is FCH/PSH, L.P., a Pennsylvania limited
partnership.
(40) The Lessee is FCH/SH Leasing II, L.L.C., A Delaware limited
liability company.
(41) The hotel under this lease agreement is operated as a
Doubletree(R) hotel.
(42) The hotel under this lease agreement is currently operated as
a Radisson(R) hotel.
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