EFTA02616034.pdf

From: Shanson900 < Sent: Friday, November 9, 2018 12:52 PM To: Subject: Re: Life Hotel I have been dancing for those u want fb Mainly I sell the fb hard When are you back to nyc Have him stop taking money so we c=n make It to feb- default interest rates are crazy High=br> Sent from my iPhone =div dir="ltr"> On Nov 9, 2018, at 6:07 AM,1 <jeevacation@gmail.com <mailtolee=acation@gmail.com» wrote: help him sell the hote=l . any other pressure for them moment i think is counter=productive , for the moment and monent only your interest= are aligned. the future who knows? =/div> On Fri, Nov 9, 2018 at=1:21 AM Stephen Hanson < <mailto > wrote: Date: November 8, 2018 at 3:00:=3 PM EST To: Stephen Hanson < Cc: "Maryann=N. Veytsman We are not in default <mailto Priceline money is being added to the reserve DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 <mailto On Nov 8, 2018, at 2:27 PM, Stephen Hanson < <mailto wrote: But what is the balance of the reserve fund now? EFTA_R1_01816169 EFTA02616034  Your waterfalls from October should have had extra money to fund t=e 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 u=e the rooms this will be drawn down Vip —Howie. Can you look at the bank default clause ASAP <=r> Sent from my=iPad On Nov 8, 2018, at 2:01PM, David Mitchell < <mailto:djm@mitchel=holdings.com» wrote: To be clear Agoda ,Priceline agreed to $375,000 advance purchase to be advanced by N=vember 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 a=ount on replenishment The money will be funded to the interest reserve account once it has be=n received DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212-486-4444 <mailto On Nov 5, 2018, at 1:02 PM, David Mitchell < <mailto:djm@mitchel=holdings.com» wrote: From: David Mitchell Sent: Tuesday, October 16, 2018 1:00 PM To: Shanson900 Cc: Maryann N. Veytsman; Geoffrey Allan Mills; Stacy Gilbert; HOWIE /=SUE MUCHNICK; Mirium / howie muchnick; RAmengual@ka=skykorins.com <mailto Subject: Re: Life Hotel waiting on confirmation, 2 EFTA_R1_01816170 EFTA02616035  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 <mailto On Oct 16, 2018, at 12:54 PM, Shanson900 < <mailto:shanson900@gm=il.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@mitche=lholdings.com» wrote: will do tomorrow DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 12124864444 <mailto On Oct 11, 2018, at 9:26 AM, Stephen Hanson < <mailto:shanson900=gmail.com> wrote: Please advise the reserve fund balance at DB 3 EFTA_R1_01816171 EFTA02616036  Sent from my iPad On Oct 11, 2018, at 10:10 AM, David Mitchell < <mailto:djm@mitch=llholdings.com» wrote: 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://mi=chellholdingslIc.box.com/s/dr471af3a4z3p4n5ain20lalzmr39b56 <https://mitchellholdings=lc.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 gener=te 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 <mailto On Oct 10, 2018, at 6:38 PM, Stephen Hanson < <mailto:shanson900=gmail.com> wrote: DAVID last meeting months ago you said the hotel will eithe= 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@mitche=lholdings.com> wrote: additions will be added this week DAVID MITCHELL 4 EFTA_R1_01816172 EFTA02616037  Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA 1212.486.4444 <mailto On Oct 10, 2018, at 12:43 PM, Maryann N. Veytsman </=» wrote: <mailto:mvey=sman@citrincooperman.com> David and Geoffrey, I have not heard back regarding our numerous attempts=to follow up on the open items. This process has dragged on for a Ion= time. As you can see by the string of emails below and in the attach=d document regarding a more detailed document request schedule (that was also emailed to you on 9/14/18 by Stephen) our r=quests date back to March 2018 with many follow ups from then through Augus= and September. Without this information, I cannot complete the analy=is. As such, I need the supporting documents requested and answers to inquiries. I have asked the partne=s and the firm to be patient, but the consistent delays in responses and th= failure to provide the requested information appears intentional and bring= into question why producing such information is difficult. I ask that you please respond with an expected date o= when this information will be provided. Most of this information sho=ld not be difficult or time consuming to produce (e.g., general ledgers sho=ld be complete and were only partially printed, bank statements are readily available on line and can easily be pr=nted to pdf and produced). I'm copying a summary of the infor=ation we are requesting below for ease of reference. Please respond w=th any questions or comments. 1. Any agreements or construction contracts. a. &nbs=; Note: We received contracts with Skyland for the lobby, r=oms/corridors and cellar to 2nd floor. Are there additiona= contracts? 2. Copies of all bids requested by Life Hotel One, LLC and s=pporting documents 3. Detailed General Ledgers, in electronic format. (As disc=ssed, we will likely request supporting documentation relating to specific a=counts or transactions once we receive and review the information provided.= a. &nbs=; 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. =Please provide a current ledger for the period of 1/1/2018 through 8/31/2018 as well as detailed general ledgers for the c=mplete years of 2016 and 2017. 5 EFTA_R1_01816173 EFTA02616038  4. A listing of all bank accounts 5. Are there bank accounts in the name of life Hotel Company LLC?=nbsp; If so, please provide. 6. Check copies for Bank of America Account x0775, month ending 6=30/2016 7. First Republic Bank Statements (including checks) for 2018 8. Detailed listing of all intercompany transactions, including, b=t not limited to, loans, repayment of loans, interest expense, etc. a. &nbs=; Note: We received general ledger activity for due/to form Life=Hotel for the period 1/1/2018 - 5/1/2018 and general ledger activit= for due to/from life restaurant for April 2018 9. A complete listing of all scheduled payments that are paid for= the Lockbox/Waterfall 10. A list of payment plan items and ACH schedule listing each ite=, amounts and dates and from which account (Bank of America, First Republic=Bank, etc.) they are paid. It appears we received this for operationa= amounts only, but not construction amounts. Also, include whether releases have been received for constr=ction amounts. 11. Interest Reserve Account details and supporting documentation<=p> 12. Confirmation that the Agoda payment was received and the money=was deposited into the interest reserve account 13. Security deposit detail and how security deposits are accounte= for in the books and records. 14. A detailed listing of all prior and current debt/payable= a. &nbs=; Note: We received the operating amounts - the AP Aging from Ge=ffrey. David to provide the non-operating or construction amounts inc=uding a schedule of payments. Thank you, Maryann <http://citr=ncooperman.mobi/cc.jpg> =font id="m_1247731874590026740c1-id-12" color="#003a4f">MARYANN N. VEYTSMAN, Esq., CPA, CFF</=ont> Director, Valuation & Forensic Services 6 EFTA_R1_01816174 EFTA02616039  TEL 212.697.1000 x1589 I FA= 212.697.1004 CITRINCOOPERMAN.COM RAmengual @katskykorins=com> Subject: RE: Life Hotel Hi All, I wanted to follow-up o= the below email and requests. Can you please let us know when we can=expect the documents or a response as to timing? Thank you, Maryann From: Maryann N. Veytsman Sent: Thursday, September 6, 2018 6:16 PM To: 'David Mitchell' < <mailto »; 'Geoffrey Allan Mills' &l=;Gmills@gamh=spitality.com <mailto:Gmills@gamhospitality.com» Cc: 'Stephen Hanson' < <mailto »; Stacy Gilbert <sgilbert@citrincooperman=com>; 'HOWIE / SUE MUCHNICK' <hwmuchnick@mggpclaw.com <mailto:hwmuchnick@mggpcl=w.com»; 'Mirium / howie muchnick' <mblemur@mggpclaw.com <mailto:mblemur@mggpdaw.com»; 'RAmengual@katskykorins.com <mailto:RAmengual@kats=ykorins.com> ' <RAmengual@katskykorins=com> Subject: RE: Life Hotel Hi All, Thank you for the documents you provided David. =Below is a listing of documents open as of 9/6/2018. Please note that=we may have additional requests as we continue our review of the documents.=/p> 1. Any agreements or construction contracts. a. &nbs=; Note: We received contracts with Skyland for the lobby, r=oms/corridors and cellar to 2nd floor. Are there additiona= contracts? 7 EFTA_R1_01816175 EFTA02616040  2. Copies of all bids requested by Life Hotel One, LLC and s=pporting documents 3. Detailed General Ledgers, in electronic format. (As disc=ssed, we will likely request supporting documentation relating to specific a=counts or transactions once we receive and review the information provided.= a. &nbs=; 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. =Please provide a current ledger for the period of 1/1/2018 through 8/31/2018 as well as detailed general ledgers for the c=mplete years of 2016 and 2017. 4. A listing of all bank accounts S. Are there bank accounts in the name of Life Hotel Company LLC?=nbsp; If so, please provide. 6. Check copies for Bank of America Account x0775, month ending 6=30/2016 7. First Republic Bank Statements (including checks) for 2018 8. Detailed listing of all intercompany transactions, including, b=t not limited to, loans, repayment of loans, interest expense, etc. a. &nbs=; Note: We received general ledger activity for due/to form Life=Hotel for the period 1/1/2018 - 5/1/2018 and general ledger activit= for due to/from life restaurant for April 2018 9. A complete listing of all scheduled payments that are paid for= the Lockbox/Waterfall 10. A list of payment plan items and ACH schedule listing each ite=, amounts and dates and from which account (Bank of America, First Republic=Bank, etc.) they are paid. It appears we received this for operationa= amounts only, but not construction amounts. Also, include whether releases have been received for constr=ction amounts. 11. Interest Reserve Account details and supporting documentation<=p> 12. Confirmation that the Agoda payment was received and the money=was deposited into the interest reserve account 13. Security deposit detail and how security deposits are accounte= for in the books and records. 14. A detailed listing of all prior and current debt/payable= a. &nbs=; Note: We received the operating amounts - the AP Aging from Ge=ffrey. David to provide the non-operating or construction amounts inc=uding a schedule of payments. Thank you, 8 EFTA_R1_01816176 EFTA02616041  Maryann From: Maryann N. Veytsman Sent: Thursday, August 30, 2018 11:38 AM To: 'Geoffrey Allan Mills' <Gmills@ amhos itality.com <mailto:Gmills@ amhos italit=.com»; 'David Mitchell'= <mailto: Cc: 'Stephen Hanson' < <mailto »; Stacy Gilbert <sgilbert@citrincooperman=com>; 'HOWIE / SUE MUCHNICK' <hwmuchnick@mggpclaw.com <mailto:hwmuchnick@mggpcl=w.com»; 'Mirium / howie muchnick' <mblemur@mggpclaw.com <mailto:mblemur@mggpdaw.com»; RAmengual@ka=skykorins.com <mailto Subject: RE: Life Hotel Hi All, I was just following up=on the below requested items. I understand some of the items would no= be available until after 8/31/18, but wanted to know when we can expect th= 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' <Gmills@gamhospitality.com <mailto:Gmills@ amhos italit=.com»; David Mitchell &=t;djm@mitchel=holdings.com <mailto: Cc: Stephen Hanson < <mailto »; Stacy Gilbert <sgilbert@citrincooperman.c=m>; HOWIE / SUE MUCHNICK <hwmuchnick@mggpclaw.com <mailto:hwmuchnick@mggpclaw.c=m»; Mirium / howie muchnick <mblemur@mggpclaw.com <mailto:mblemur@mggpdaw.com» Subject: Life Hotel Hi Geoffrey and David, 9 EFTA_R1_01816177 EFTA02616042  Thank you for taking the time=to meet with us yesterday morning and for sending us some of the requested i=formation today. Below is a list of documents we discussed and/or are=requesting in addition to the previous documents requested and provided: =span>1. &=bsp; A list of payment plan items and ACH schedule listing each ite=, amounts, dates and from which account (Bank of America, First Republic Ba=k, etc.) they are paid. It appears we received this for operational a=ounts only, but not construction amounts (e.g., Skyland) =span>2. &=bsp; Bank statement copies, including checks, for accounts held at =irst Republic Bank from May 2016 through current. If it is easier, you can p=ovide us with online access and we can print the bank statements to PDF. =span>3. &=bsp; Interest Reserve Account details and supporting documentation.= =span>4. &=bsp; Detailed General Ledgers for 2016 and 2017. The general I=dgers provided this morning contain details for only December of each year.=(As discussed, we will likely request supporting documentation relating to s=ecific accounts or transactions once we receive and review the information provided.) =span>5. &=bsp; Detailed General Ledger for 2018. The detailed general ledger p=ovided previously is cut-off at account #906765000 — Real Estate Ta=es. =span>6. &=bsp; Monthly P&L Detail for 2016 and 2017. (All mon=hs provided for 2018 and year-end provided for 2016 and 2017). =span>7. &=bsp; Confirmation that the Agoda payment was received and the money=was deposited into the interest reserve account. =span>8. &=bsp; Copy of the Engagement Letter between the Hotel and GAM, inclu=ing signatures. =span>9. &=bsp; Security deposit detail and how security deposits are accounte= for in the books and records. =span>10. =A detailed listing of all prior and current debt/payables.&nbs=; We received the operating amounts - the AP Aging from Geoffrey. Dav=d to provide the non-operating or construction amounts. =span>11. =A complete listing of all scheduled payments that are paid for= the Lockbox/Waterfall. =span>12. =The following items will be provided after August 31st per the=email from David on 8/21/18. c=pan>a. &n=sp; Operating Agreement of Life Hotel One, LLC including any draft= and/or amendments. 10 EFTA_R1_01816178 EFTA02616043  <=pan>b. &n=sp; Management Agreements (including drafts and amendments). <=pan>c. &n=sp; Any agreements or construction contracts. <=pan>d. &n=sp; Copies of all bids requested by Life Hotel One, LLC and suppor=ing documentation received and reviewed. <=pan>e. &n=sp; A listing of all bank accounts. <=pan>f. &n=sp; Complete federal and state tax returns, including all schedule=. <=pan>g. &n=sp; All loan agreements, including all refinancing agreements. <=pan>h. &n=sp; Detailed listing of all Intercompany Transactions, including, b=t not limited to, loans, repayment of loans, interest expense, etc. Please let us know if you hav= any questions. Thank you, Maryann <Document Request Schedule - 9-12-18.pdf> <=iv dir="ltr"> please note The information contained in this communication is confidential, may b= attorney-client privileged, may constitute inside information, and is i=tended only for the use of the addressee. It is the property of JEEUnauthorized use, disclosure or copying of this communication or any pa=t thereof is strictly prohibited and may be unlawful. If you have receiv=d this communication in error, please notify us immediately by return=e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all c=pies thereof, including all attachments. copyright -all rights reserved<=r> 11 EFTA_R1_01816179 EFTA02616044 12 EFTA_R1_01816180 EFTA02616045