Trust Structure


  1. Includes office and/or retail
  2. The QUE 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 DUE Hospitality Sub-Trust
  3. The Master Lessee will appoint the Hotel Manager to manage the day-to-day operations and marketing of the hotel leased from DUE 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