EFTA02605267

From: Sent: To: Subject: are you around tomorrow, DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 David Mitchell lholdings.com> Thursday, December 21, 2017 9:01 PM Jeffrey E. Re: Re: On Dec 21, 2017, at 9:35 AM, Jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com> wrote: his numbers are the same as my tummy. &nb=p; yes , i would do it. get away from it and the maniac<=r> On Thu <mailto <https://maps. =g> <https://maps. =g> chttps://maps. =g> Dec 21 2017 at 8:41 AM, David Mitchell =span dir="ltru wrote: update below, if I can get him to $3.2 net with escalatio=s it might work $60,000,000 x 5% DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue google.com/?q=745+Fifth+Avenue+%=2%A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source New York NY 10151 google.com/?q=745+Fifth+Avenue+%=2%A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source USA google.com/?q=745+Fifth+Avenue+96=2%A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source 1212.486.4444 <tel:(212)%20486.4444> ailto EFTA_R1_01795615 EFTA02605267 Begin forwarded message: <mailto: From: Bruno Haid mailto] Date: December 21, 2017 at 8:38:13 AM EST To: David Mitchell Cc: <mailto: Subject: Re: Morning David, mailto thanks for following up and the patience as we had our holiday party y=sterday: As mentioned we'd be looking for something where there is more flexi=ility in repositioning it towards extended stay, which I'm not sure the =urrent lender structure supports. We can do 6 months deposit and underwrit= taking on the occupancy risk with a $2.8-3MM net lease and some shared upside. Purchase wise it'd need to =e closer per key to what Thor paid for the lames in Soho + air rights =assume —$45MM). Fully understand if that doesn't work for you and agree on the decen= chance to make it well through the current phase of increasing oversupply= and of course open to any ideas you might have on your end (creative solu=ions included, after all the main advantage of a startup.) meantime, Around for most of the day, at Bruno Sent from a mobile devi=e 17, at 20:18, David Mitchel <mailt > wrote: Bruno are you sending me something tonight, Hope to see it soon, David DAVID MITCHELL all the best in the Mitchell Holdings LLC 745 Fifth Avenue <https://maps.google.com/?q=745+Fifth+Avenue+Vo=2V0A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source =g> 2 EFTA_R1_01795616 EFTA02605268 New York NY 10151 <https://maps.google.com/?q=745+Fifth+Avenue+%=2%Ar/o0D+New+York+NY+10151+%0D+USA&entry=gmai=8(source =g> USA <https://maps.google.com/?q =745+F ifth+Avenue+Vo=2%A0°/00D+New+York+NY+10151+°/00D+USA&entry=gmai=&source =g> please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01795617 EFTA02605269