HOTEL MANAGEMENTAND MARKETING AGREEMENT
This HOTEL MANAGEMENT AND MARKETING AGREEMENT ("Agreement") is made and entered into as of the date specified in Exhibit A attached hereto, by and between the parties identified in Exhibit A as "Operator" and "Owner."
RECITALS OF FACT
Owner is the owner of the real property located at and described in Exhibit B attached hereto (the "Property") which is improved with a hotel including guest rooms, meeting rooms, restaurants, parking, and other complimentary facilities as described in number and detail in Exhibit B. Operator has the exclusive right to manage and market hotels under the XYZ Hotel Management and Franchise System (the "System"). The System includes the right to use the names "XYZ," "XXX" and other similar designations and distinctive trademarks, to use the System's international marketing and reservation facilities, and to draw upon the technical assistance, training, and management resources of XYZ Hotel Group.
Owner wishes to engage Operator to manage and market the
NOW, THEREFORE, incorporating the above recitals as though fully set forth, and in consideration of the mutual covenants, promises, and obligations set forth below, the parties hereto agree as follows: