New Hotels - $250,000

The following information is required to obtain lease approval. The approval process normally takes about 20 to 30 days after receipt of this information. The lease rate will be approximately 8-10%.

1. ABOUT THE OWNERS (PGs not required):

a. Resumes of Owners including prior projects

b. Personal Financial Statement

c. 3 years Personal Tax Returns

2. ABOUT THE PROPERTY:

a. Resume of Management Company

b. Copy of Management Company Agreement

c. Copy of Franchise Agreement

d. Current Balance Sheet

e. Financial Projections: 5 years

f. Operating Budget

g. Appraisal/Feasibility Study

h. 1^st Mortgage Agreement with permission to lease

3. ABOUT THE EQUIPMENT:

a. Purchase order or invoice with detailed equipment list

b. Proof of payment if reimbursement required

c. Schedule of payments required

16209 East Course Drive * Tampa, FL 33624

813-968-6867 FAX 813-963-2462 Gemco.Leasing@verizon.net

2/13/2003