City of Long Beach - File #: 29879_000

• File #: 29879_000
• Version: 1
• Name: QW LAND HOLDING COMPANY, LLC - AMENDED & RESTATED HOTEL LEASE (700 QUEENSWAY DRIVE)
• Type: Conformed Contract
• Status: CCIS
• File created: 12/27/2006
• In control: City Clerk
• On agenda: 9/19/2006
• Final action: 9/19/2006
• Title: AMENDED & RESTATED HOTEL LEASE (700 QUEENSWAY DRIVE) - CITY LEASES TO QW LAND HOLDING COMPANY, LLC (TENANT) PREMISES & ALL BUILDINGS & IMPROVEMENTS (TO FACILITATE REHABILITATION & CONTINUED OPERATION OF COAST HOTEL) - RENT: TENANT TO PRE-PAY TO CITY RENT FOR ENTIRE TERM OF LEASE SUM OF $2,214,467 PLUS $2,619,259 PAYABLE ON OR BEFORE 2ND ANNIVERSARY OF MUTUAL EXECUTION & DELIVERY OF THIS LEASE (HARBOR DEPARTMENT DOCUMENT #HD-4436) THEREFORE, THIS AMENDED & RESTATED HOTEL LEASE (700 QUEENSWAY DRIVE) IS ASSIGNED A NEW CONTRACT #)
• Sponsors: Community Development
• Indexes: Amendments
• Related files: 06-0945, 29879_002

Date	Ver.	Action By	Action	Result
9/19/2006	1	City Council	authorize City Manager

TITLE

AMENDED & RESTATED HOTEL LEASE (700 QUEENSWAY DRIVE) - CITY LEASES TO QW LAND HOLDING COMPANY, LLC (TENANT) PREMISES & ALL BUILDINGS & IMPROVEMENTS (TO FACILITATE REHABILITATION & CONTINUED OPERATION OF COAST HOTEL) - RENT:  TENANT TO PRE-PAY TO CITY RENT FOR ENTIRE TERM OF LEASE SUM OF $2,214,467 PLUS $2,619,259 PAYABLE ON OR BEFORE 2ND ANNIVERSARY OF MUTUAL EXECUTION & DELIVERY OF THIS LEASE (HARBOR DEPARTMENT DOCUMENT #HD-4436) THEREFORE, THIS AMENDED & RESTATED HOTEL LEASE (700 QUEENSWAY DRIVE) IS ASSIGNED A NEW CONTRACT #)