0000950123-11-084075 Sample Contracts

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF CWI-HRI FRENCH QUARTER HOTEL PROPERTY, LLC
Limited Liability Company Operating Agreement • September 12th, 2011 • Carey Watermark Investors Inc • Real estate

THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF CWI-HRI FRENCH QUARTER HOTEL PROPERTY, LLC (this “Agreement”) is made and entered into as of September 2, 2011 (the “Effective Date”), by and between CWI NEW ORLEANS HOTEL, LLC, a Delaware limited liability company (“CWI Member”), and GUITAR PARTNERS, LLC, a Louisiana limited liability company (“800 Canal Member”). CWI Member and 800 Canal Member are sometimes referred to collectively in this Agreement as the “Members” and individually as a “Member”.

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