Trust Structure

  1. OUE H-BT is currently dormant.
  2. Includes office and/or retail.
  3. OUE Hospitality Sub-Trust will lease the hotel to the Master Lessee and in return the Master Lessee will pay rent in accordance with the Master Lease Agreement to the OUE Hospitality Sub-Trust.
  4. The Master Lessee will appoint the Hotel Manager to manage the day-to-day operations and marketing of the hotel leased from OUE Hospitality Sub-Trust. The Hotel Manager will typically be entitled to a payment computed as a percentage of the revenue and a percentage of the gross operating profit of the Hotel comprising gross operating revenue less operating expenses under management.