EFTA02616128.pdf

From: 1 <[email protected]> Sent: Friday, November 9, 2018 11:08 AM To: Stephen Hanson Subject: Re: Life Hotel help him sell the hotell . any other pre=sure for them moment i think is counter productive , for=the moment and monent only your interests are aligned. =C24, the future who knows? On Fri, Nov 9, 2018 at 1:21 AM Stephen Hanson < <mailto > wrote: FYI <=iv id="m_1247731874590026740AppleMailSignature" dir="ltr">Sent from my=iPad Begin forwarded message: From: David Mitchell < Date: November 8, 2018 at 3:00:13 PM EST To:=/b> Stephen Hanson <mailto >> Cc: "Maryann N. Veytsman=quot; < <mailto », "Geoffrey Allan Mills" =It <mailto », Stacy Gilbert < <mailto:sgilbert@cit=incooperman.com», H=WIE / SUE MUCHNICK < <mailto », Mirium / howie muchnick < <mailto > >, <mailto >" <mailto:RAmengual@=atskykorins.com» <=>Subject: Re: Life Hotel We are not in default Priceline money is being added to the reserve DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 djm@mitc <mailto 1 EFTA_R1_01816348 EFTA02616128  On Nov 8, 2018, at 2:27 PM, Stephen Hanson < <mailto:shanson900=gmail.com» wrote: But what is the balance of the reserve fund now? Your waterfalls from October should have had extra money to fund=the reserve fund Are you saying that the reserve fund has zero money at this time ? Priceline money is a deposit it is not extra reserved money - as they =se the rooms this will be drawn down Vip —Howie. Can you look at the bank default clause ASAP =br> Sent from m= iPad On Nov 8, 2018, at 2:01PM, David Mitchell < <mailto:djm@mitche=lholdings.com» wrote: To be clear Agoda ,Priceline agreed to $375,000 advance purchase to be advanced by=November 5 This was done by the local executive After review the head office in Singapore confirmed that by November 26 They will fund up to $199,000 at a time and will continue to fund that=amount on replenishment The money will be funded to the interest reserve account once it has b=en received DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 djm@mitc <mailto On Nov 5, 2018, at 1:02 PM, David Mitchell < <mailto:djm@mitche=lholdings.com> wrote: over the weekend payment confirmation was received for funds to the reser=e account, funding date, is November 26 From: David Mitchell Sent: Tuesday, October 16, 2018 1:00 PM 2 EFTA_R1_01816349 EFTA02616129  To: Shanson900 Cc: Maryann N. Veytsman; Geoffrey Allan Mills; Stacy Gilbert; HOWIE = SUE MUCHNICK; Mirium / howie muchnick; RAmengual@k=tskykorins.com <mailto Subject: Re: Life Hotel waiting on confirmation, it is planned to have $375,000 in the account by November 5 next waterfall is November 9 DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 djm@mitc <mailto On Oct 16, 2018, at 12:54 PM, Shanson900 < <mailto:shanson900@g=ail.com» wrote: David. It's 6 days later You have sent nothing Partners want this info When are you sending the below complete info Sent from my iPhone On Oct 11, 2018, at 1:05 PM, David Mitchell < <mailto:djm@mitch=llholdings.com> wrote:<=r> will do tomorrow DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212.486.4444 djm@mitc <mailto 3 EFTA_R1_01816350 EFTA02616130  On Oct 11, 2018, at 9:26 AM, Stephen Hanson < <mailto:[email protected]» wrote: Please advise the reserve fund balance at DB Sent from my iPad On Oct 11, 2018, at 10:10 AM, David Mitchell < <mailto:djm@mitc > wrote:=br> In regards to sale,JLL has sent a teaser to over 600 buyers Over 40 people have signed NDAs They are in the process of receiving this memorandum https:ThitchellholdingslIc.box.com/s/dr471af3a4z3p4nSain20lalzmr39b56 <https://mitchellholding=lIc.box.com/s/dr471af3a4z3p4n5ain20lalzmr39b56> In regards to lease,The lease terms are agreed to In the process of getting quotes to finance the lease in order to gene=ate proceeds to pay off the debt , should have quotes next week DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 djm@mitc <mailto On Oct 10, 2018, at 6:38 PM, Stephen Hanson < <mailto:[email protected]» wrote: DAVID last meeting months ago you said the hotel will eith=r shortly be sold or long term lease - what is the status Sent from my iPad On Oct 10, 2018, at 3:57 PM, David Mitchell < <mailto:djm@mitch=llholdings.com> wrote:<=r> 4 EFTA_R1_01816351 EFTA02616131  additions will be added this week DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 djm@mitc <mailto On Oct 10, 2018, at 12:43 PM, Maryann N. Veytsman =/a» wrote: <mailto:[email protected]> David and Geoffrey, I have not heard back regarding our numerous attempt= to follow up on the open items. This process has dragged on for a l=ng time. As you can see by the string of emails below and in the att=ched document regarding a more detailed document request schedule (that was also emailed to you on 9/14/18 by Stephen) our =equests date back to March 2018 with many follow ups from then through Aug=st and September. Without this information, I cannot complete the an=lysis. As such, I need the supporting documents requested and answers to inquiries. I have asked the partn=rs and the firm to be patient, but the consistent delays in responses and =he failure to provide the requested information appears intentional and br=ngs into question why producing such information is difficult. I ask that you please respond with an expected date =f when this information will be provided. Most of this information s=ould not be difficult or time consuming to produce (e.g., general ledgers =hould be complete and were only partially printed, bank statements are readily available on line and can easily be p=inted to pdf and produced). I'm copying a summary of the inf=rmation we are requesting below for ease of reference. Please respon= with any questions or comments. 1. Any agreements or construction contracts. a. =C24, Note: We received contracts with Skyland for the lobby,=rooms/corridors and cellar to 2nd floor. Are there additi=nal contracts? 2. Copies of all bids requested by Life Hotel One, LLC and=supporting documents 3. Detailed General Ledgers, in electronic format. (As dis=ussed, we will likely request supporting documentation relating to specifi= accounts or transactions once we receive and review the information provi=ed.) 5 EFTA_R1_01816352 EFTA02616132  a. =C240 Note: We received detail for months of December 2016 and 2017= We also received general ledger for Life Hotel One for the period 1=1/2018 - 8/8/2018; however July entries do not appear complete.40=A0 Please provide a current ledger for the period of 1/1/2018 through 8/31/2018 as well as detailed general ledgers for the =omplete years of 2016 and 2017. 4. A listing of all bank accounts 5. Are there bank accounts in the name of Life Hotel Company LLC= If so, please provide. 6. Check copies for Bank of America Account x0775, month ending =/30/2016 7. First Republic Bank Statements (including checks) for 2018 <1=> 8. Detailed listing of all intercompany transactions, including,=but not limited to, loans, repayment of loans, interest expense, etc. a. =C240 Note: We received general ledger activity for due/to form Lif= Hotel for the period 1/1/2018 - 5/1/2018 and general ledger activ=ty for due to/from life restaurant for April 2018 9. A complete listing of all scheduled payments that are paid fo=m the lockbox/Waterfall 10. A list of payment plan items and ACH schedule listing each it=m, amounts and dates and from which account (Bank of America, First Republ=c Bank, etc.) they are paid. It appears we received this for operati=nal amounts only, but not construction amounts. Also, include whether releases have been received for const=uction amounts. 11. Interest Reserve Account details and supporting documentation=/p> 12. Confirmation that the Agoda payment was received and the mone= was deposited into the interest reserve account 13. Security deposit detail and how security deposits are account=d for in the books and records. 14. A detailed listing of all prior and current debt/payabl=s a. =C240 Note: We received the operating amounts - the AP Aging from G=offrey. David to provide the non-operating or construction amounts i=cluding a schedule of payments. Thank you, Maryann 6 EFTA_R1_01816353 EFTA02616133 <https:/=ci6.googleusercontent.com/proxy/yZulVmilbc5IvnhdhjarTT2Oa8fmfeo0CNs0S5sHR7=GoV6S6TzdGzdf4MUmR r6Y-5iSMko=s0-d-el-fffihttp://citrincooperman.mobi/cc.j=g> From: Maryann N. Veytsman Sent: Wednesday, September 12, 2018 5:54 PM To: 'David Mitchell' < <mailto:djm@m tchellholdi=gs.com»; 'Geoffrey =Ilan Mills' <mailto >> Cc: 'Stephen Hanson' < <mailto:shanson900@gmail.=om»; Stacy Gilbert <sgilbert@citr=ncooperman.com>; 'HOWIE / SUE MUCHNICK' <[email protected]&g=;; 'Mirium / howie muchnick' < <mailto:[email protected]=m»; '[email protected] <mailto:[email protected]> [email protected] <mailto >> Subject: RE: Life Hotel Hi All, Thank you for the documents you provided David.,=A0 Below is a listing of documents open as of 9/6/2018. Please note =hat we may have additional requests as we continue our review of the docum=nts. 1. Any agreements or construction contracts. a. =C2* Note: We received contracts with Skyland for the lobby,=rooms/corridors and cellar to 2nd floor. Are there additi=nal contracts? 2. Copies of all bids requested by Life Hotel One, LLC and=supporting documents 3. Detailed General Ledgers, in electronic format. (As disrussed, we will likely request supporting documentation relating to specifi= accounts or transactions once we receive and review the information provi=ed.) a. =C2* Note: We received detail for months of December 2016 and 2017= We also received general ledger for Life Hotel One for the period 1=1/2018 - 8/8/2018; however July entries do not appear complete.4>=A0 Please provide a current ledger for the period of 1/1/2018 through 8/31/2018 as well as detailed general ledgers for the =omplete years of 2016 and 2017. 4. A listing of all bank accounts 5. Are there bank accounts in the name of Life Hotel Company LLC= If so, please provide. 7 EFTA_R1_01816354 EFTA02616134  6. Check copies for Bank of America Account x0775, month ending =/30/2016 7. First Republic Bank Statements (including checks) for 2018 </=> 8. Detailed listing of all intercompany transactions, including,=but not limited to, loans, repayment of loans, interest expense, etc. a. =C24> Note: We received general ledger activity for due/to form Lif= Hotel for the period 1/1/2018 - 5/1/2018 and general ledger activ=ty for due to/from life restaurant for April 2018 9. A complete listing of all scheduled payments that are paid fo=m the Lockbox/Waterfall 10. A list of payment plan items and ACH schedule listing each it=m, amounts and dates and from which account (Bank of America, First Republ=c Bank, etc.) they are paid. It appears we received this for operati=nal amounts only, but not construction amounts. Also, include whether releases have been received for const=uction amounts. 11. Interest Reserve Account details and supporting documentation=/p> 12. Confirmation that the Agoda payment was received and the mone= was deposited into the interest reserve account 13. Security deposit detail and how security deposits are account=d for in the books and records. 14. A detailed listing of all prior and current debt/payabl=s a. =C24k Note: We received the operating amounts - the AP Aging from G=offrey. David to provide the non-operating or construction amounts i=cluding a schedule of payments. Thank you, Maryann From: Maryann N. Veytsman Sent: Thursday, August 30, 2018 11:38 AM To: 'Geoffrey Allan Mills' < <mailto:Gmills@gamh=spitality.com»; 'D=vid Mitchell' < <mailto Cc: 'Stephen Hanson' < <mailto:shanson900@gmail.=om»; Stacy Gilbert <sgilbert@citr=ncooperman.com>; 'HOWIE / SUE MUCHNICK' <[email protected]&g=;; 'Mirium / howie muchnick' < <mailto:[email protected]=m»; RAmengual@k=tskykorins.com <mailto EFTA_R1_01816355 EFTA02616135  Subject: RE: Life Hotel Hi All, I was just following u= on the below requested items. I understand some of the items would =ot be available until after 8/31/18, but wanted to know when we can expect=the other items. If you have any questions, please let us know. Thank you, Maryann From: Maryann N. Veytsman Sent: Thursday, August 23, 2018 7:16 PM To: 'Geoffrey Allan Mills' < <mailto:Gmills@gamh=spitality.com»; David =itchell [email protected] <mailto Cc: Stephen Hanson < »; Stacy Gilbert <sgilbert@citrincooperma=.com>; HOWIE / SUE MUCHNICK <mailto:hwmuchnick@mggpcl=w.com»; Mirium / howie muchnick <mailto >> Subject: Life Hotel Hi Geoffrey and David, Thank you for taking the tim= to meet with us yesterday morning and for sending us some of the requeste= information today. Below is a list of documents we discussed and/or=are requesting in addition to the previous documents requested and provided: 1. 40=A0 A list of payment plan items and ACH schedule listing each it=m, amounts, dates and from which account (Bank of America, First Republic =ank, etc.) they are paid. It appears we received this for operationa= amounts only, but not construction amounts (e.g., Skyland) 2.40=AD Bank statement copies, including checks, for accounts held at=First Republic Bank from May 2016 through current. If it is easier, you ca= provide us with online access and we can print the bank statements to PDF= 3. 4>=A0 Interest Reserve Account details and supporting documentation= 9 EFTA_R1_01816356 EFTA02616136  4. 4>=A0 Detailed General Ledgers for 2016 and 2017. The general=ledgers provided this morning contain details for only December of each ye=r. (As discussed, we will likely request supporting documentation relating=to specific accounts or transactions once we receive and review the information provided.) 5. 4>=A0 Detailed General Ledger for 2018. The detailed general ledger=provided previously is cut-off at account #906765000 — Real Estate=Taxes. 6. 4>=A0 Monthly P&L Detail for 2016 and 2017. (All mo=ths provided for 2018 and year-end provided for 2016 and 2017). 7. 4>=A0 Confirmation that the Agoda payment was received and the mone= was deposited into the interest reserve account. 8. 4>=A0 Copy of the Engagement Letter between the Hotel and GAM, incl=ding signatures. 9. 4>=A0 Security deposit detail and how security deposits are account=d for in the books and records. 10. 4>=A0 A detailed listing of all prior and current debt/payables.4>=A0 We received the operating amounts - the AP Aging from Geoffrey. D=vid to provide the non-operating or construction amounts. 11. 4>=A0 A complete listing of all scheduled payments that are paid fo=m the Lockbox/Waterfall. 12...A0 The following items will be provided after August 31st per th= email from David on 8/21/18. =span>a. =C24> Operating Agreement of Life Hotel One, LLC including any draf=s and/or amendments. =span>b. =C24> Management Agreements (including drafts and amendments). =span>c. =C24> Any agreements or construction contracts. =span>d. =C24> Copies of all bids requested by Life Hotel One, LLC and suppo=ting documentation received and reviewed. =span>e. =C24> A listing of all bank accounts. =span>f. =C24> Complete federal and state tax returns, including all schedul=s. =span>g. =C24> All loan agreements, including all refinancing agreements. =span>h. =C24> Detailed listing of all Intercompany Transactions, including,=but not limited to, loans, repayment of loans, interest expense, etc. 10 EFTA_R1_01816357 EFTA02616137  Please let us know if you ha=e any questions. Thank you, Maryann <Document Request Schedule - 9-12-18.pdf> please note The information contained in this communication is confidential, m=y be attorney-client privileged, may constitute inside information, and=is intended only for the use of the addressee. It is the property of Unauthorized use, disclosure or copying of this communication or=any part thereof is strictly prohibited and may be unlawful. If you hav= received this communication in error, please notify us immediately by<=r>return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communicati=n and all copies thereof, including all attachments. copyright -all rig=ts reserved --000000000000e6c768057a395bcf-- conversation-id 322582 date-last-viewed 0 date-received 1541761656 flags 8590195713 remote-id 869618 11 EFTA_R1_01816358 EFTA02616138