HomeMy WebLinkAboutExhibit 9Exhibit No. 9
OFF -SITE PARKING ARRANGEMENT LETTERS
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August 20, 2008
John Buanno
Regional Director
Ace Parking Management
4680 Macarthur Ct. Suite A
Newport Beach, CA 92660
Re: Hyatt Newport Beach — Overflow Parking
John,
To follow up on our discussion of past and future parking needs that may arise at Ace
Parking's Hyatt Newport Beach location, I wanted to reiterate our willingness to work
with Ace Parking as both The Irvine Company and Hyatt Newport Beach parking vendor
to help accommodate overflow parking by Ace Parking/Hyatt NB at Newport Center
office building parking facilities.
All requests must be made in a timely manner and each request will be approved on case
by case basis, taking into account dates, times, and parking space availability.
Sincerely,
Irvine Company LLC
Chris Mansour
Property Manager
630 Newport Carter Drive, Suite 100 Newport Beach, Calilorrda 92860 (849) 729 -1450 ���
August 20, 2008
John Buanno
Regional Director
Ace Parking Management
4680 Macarthur Ct. Suite A
Newport Beach, CA 92660
Re: Hyatt Newport Beach — Overflow Parking
John,
To follow up on our discussion of past and future parking needs that may arise at Ace
Parking's Hyatt Newport Beach location, I wanted to reiterate our willingness to work
with Ace Parking as both The Irvine Company and Hyatt Newport Beach parking vendor
to help accommodate overflow parking by Ace Parking/Hyau NB at Newport Center
office building parking facilities.
All requests must be made in a timely manner and each request will be approved on case
by case basis, taking into account dates, times, and parking space availability.
Sincerely,
Irvine Company LLC
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Chris Mansour
Property Manager
630 Newport Center Drive, Suite 100 Newport Beach, California 92660 (949) 729.1450 ���
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Palisades
T E N N I S C L U B
August 13, 2008
HAND DELIVERED
Mr. Paul Devitt, General Manager
Hyatt Regency Newport Beach
1107 Jamboree Road
Newport Beach, CA 92660
Re: Overflow Parking
Dear Paul:
As background I am the owner of Palisades Tennis Club, which opened in 1973 as the
John Wayne Tennis Club, and we occupy five acres directly adjacent to the Hyatt
Regency Hotel on Jamboree Road. It is my understanding that there may be concerns
about the continuation of our reciprocal parking arrangement as it relates to your
proposed new development of timeshares in the location of the existing executive golf
course.
Our facility has 92 parking spaces and, as you know, as part of our sub -lease the hotel is
required to provide us with overflow parking for our members and their guests during
times when we may have an event at the club which necessitates overflow parking and at
times when our members may need additional parking, (usually on Saturday mornings
and sometimes on Sunday mornings). Since I purchased the tennis club in 1995 we have
enjoyed a terrific relationship with the Hyatt Regency Hotel and we have made 100% of
our parking facility available at times when the hotel can use additional parking such as
Friday, Saturday and Sunday afternoons and evenings, as well as times when the hotel
may need evening or overnight parking. It is fully my intention to continue this practice
365 days a year.
As you know our current sub -lease from the hotel matures at the end of 2019. I met
recently with the management of Sunstone Hotel Investors who own the Hyatt Regency
Hotel and they have given me a verbal statement that they fully intend to extend our lease
to parallel the hotel lease, which ends in 2048.
1171 Jamboree Road - Newport Beach - California - 92660 - Tel: 949.644.6900 - Fax: 949.644.2329
www.palisadestennis.com
,Bab
In addition to giving my full personal support for the proposed timeshares as well as the
100% commitment to continue the reciprocity with overflow parking, I am certain that
once Sunstone and Palisades are able to execute the lease extension that the 1,500
members of Palisades Tennis Club (95% of whom are Newport Beach residents) will be
eager to throw their collective and individual support behind the proposed timeshare
development.
If you have any questions or want to discuss this further, please call me. I can be reached
at 949 - 6446900. If I am not available, please contact our general manager, Terri
DeLong.
Sincerely,
KEN STUART
KS:jke
CC: Ken Cruse, Sr. V.P. of Asset Management
Sunstone Hotel Investors, Inc.
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CELEBRATING 50 YEARS OF HOSPITALITY
August 14, 2008
Mr. Paul Devitt
General Manager
Hyatt Regency Newport Beach
1107 Jamboree Road
Newport Beach, CA 92660
REGARDING: OVERFLOW PARKING
Dear Paul:
The Newport Dunes Waterfront Resort is very supportive of your future development projects.
In our ongoing relationship with the Hyatt Regency Newport Beach, we look forward to the
future time - share, ballroom, and spa projects.
We would like to continue to support the parking needs in the event of a need for overflow
parking. The Newport Dunes Waterfront Resort would continue to provide the spaces needed
based upon availability. We currently have approximately 1,400 parking spaces.
Please let me know if we can assist in any way by supporting in helping to make this project a
success.
Sinc ely,
Andrew Theodorou
Vice President & General Manager
1131 back Bay Drive Newporr BLACK, California 92660 9.49 - 729.3863 Fax: 949.729 -1131
newporrdunes.com newportclunesspecialevents -com