What is the significance of Exhibit C in relation to the 'Approved Location' for a Delta Hotels By Marriott franchise?

According to the 2025 Delta Hotels By Marriott Franchise Disclosure Document, the 'Approved Location' is initially defined in Item 2 of Exhibit A, which includes the site, land, and easements used for the hotel. Exhibit C plays a role in updating this 'Approved Location' through a letter agreement issued by Delta Hotels By Marriott. This implies that the initial location specified in Exhibit A can be modified or updated based on further agreements or assessments detailed in Exhibit C.

Exhibit C is further detailed as relating to either the construction of a newly developed hotel or the conversion of an existing hotel to a Delta Hotels By Marriott franchise. For new constructions, Exhibit C outlines the terms for building the hotel at the 'Approved Location,' including deadlines for securing financing, construction contracts, permits, and excavation work. For conversions, Exhibit C focuses on the renovation requirements needed to meet Delta Hotels By Marriott's standards, as detailed in a Property Improvement Plan (PIP).

Prospective franchisees should pay close attention to Exhibit C, as it contains critical obligations related to developing or renovating the hotel at the 'Approved Location.' Missing deadlines or failing to meet the required standards can have significant consequences. Franchisees should also be aware that Delta Hotels By Marriott may re-inspect the hotel and modify the PIP if any material changes occur after the date stated in Item 19 of Exhibit A, potentially adding further requirements and costs.