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Schedule to Exhibit 10.3

We have entered into 60 management agreements with Sonesta International Hotels Corporation or its subsidiaries, a representative form of which is filed as Exhibit 10.1 to our Current Report on Form 8-K filed on September 2, 2025. The specific management agreements, with the respective parties and applicable to the respective hotels listed below, are substantially identical in all material respects to the representative form of management agreement.

Trade Name and Street Address

Landlord

Owner

Manager

Service Level

1.

Royal Sonesta Hotel Boston 40 Edwin Land Boulevard Cambridge, MA

HPT Cambridge LLC

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

2.

Royal Sonesta Hotel New Orleans 300 Bourbon Street New Orleans, LA

Royal Sonesta, Inc.

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

3.

Sonesta Resort Hilton Head Island 130 Shipyard Drive Hilton Head Island, SC

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

4.

Royal Sonesta Hotel Baltimore 550 Light Street Baltimore, MD

Harbor Court Associates, LLC

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

5.

Sonesta Hotel Philadelphia 1800 Market Street Philadelphia, PA

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

6.

Royal Sonesta Hotel Houston 2222 West Loop South Houston, TX

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

7.

Sonesta Ft. Lauderdale 999 N Ft. Lauderdale Beach Boulevard Ft. Lauderdale, FL

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

8.

Sonesta Silicon Valley 1820 Barber Lane Milpitas, CA

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

9.

Royal Sonesta Chase Park Plaza 212 N. Kingshighway St. Louis, MO

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

10.

The Clift Royal Sonesta Hotel 495 Geary Street San Francisco, CA

HPT Geary Properties Trust

HPT Clift TRS LLC

Sonesta Clift LLC

Full

11.

Sonesta Suites Scottsdale 7300 E Gainey Suites Drive Scottsdale, AZ

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

---

Trade Name and Street Address

Landlord

Owner

Manager

Service Level

12.

Royal Sonesta Chicago Riverfront 71 E Wacker Drive Chicago, IL

HPT IHG-2 Properties Trust

HPT Wacker Drive TRS LLC

Sonesta Chicago LLC

Full

13.

Sonesta Irvine Orange County Airport 17941 Von Karman Avenue Irvine, CA

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

14.

Sonesta Atlanta Northwest 6345 Powers Ferry Road NW Atlanta, GA

HPT IHG-3 Properties LLC

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

15.

Sonesta Anaheim 1915 S. Manchester Avenue Anaheim, CA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

16.

Sonesta Los Angeles Airport 5985 W. Century Blvd Los Angeles, CA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

17.

Sonesta Redondo Beach and Marina 300 North Harbor Drive Redondo Beach, CA

HPTMI Properties Trust

SVC Redondo Beach TRS LLC

Sonesta Redondo Beach LLC

Full

18.

Sonesta San Jose 777 Bellew Drive Milpitas, CA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

19.

Sonesta Denver 1450 Glenarm Place Denver, CO

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

20.

Royal Sonesta Washington DC 2121 P Street NW Washington, DC

HPT IHG-3 Properties LLC

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

21.

Sonesta Miami Airport 950 N.W. LeJeune Road Miami, FL

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

22.

Sonesta Atlanta Airport North 1325 Virginia Drive Atlanta, GA

HPT IHG-3 Properties LLC

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

23.

Sonesta Atlanta Airport South 4669 Airport Blvd Atlanta, GA

HPT IHG GA Properties LLC

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

---

Trade Name and Street Address

Landlord

Owner

Manager

Service Level

24.

The Allegro Royal Sonesta Hotel 171 W. Randolph Street Chicago, IL

HPT IHG-3 Properties LLC

SVC Randolph Street TRS LLC

Sonesta Randolph Street LLC

Full

25.

Royal Sonesta Chicago River North 505 N. State Street Chicago, IL

HPT IHG Chicago Property LLC

HPT State Street TRS LLC

Sonesta State Street LLC

Full

26.

Sonesta Chicago OHare Airport 10233 West Higgins Road Rosemont, IL

HPT IHG-3 Properties LLC

SVC Higgins Road TRS LLC

Sonesta Higgins Road LLC

Full

27.

Sonesta Charlotte 5700 Westpark Drive Charlotte, NC

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

28.

Sonesta White Plains 66 Hale Avenue White Plains, NY

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta White Plains LLC

Full

29.

Sonesta Columbus 33 East Nationwide Blvd Columbus, OH

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

30.

Sonesta Yorkville (Royal) 220 Bloor Street West Toronto, ON

HPT IHG Canada Properties Trust

HPT TRS IHG-2, Inc.

Sonesta Toronto ULC

Full

31.

Royal Sonesta Portland 506 SW Washington Street Portland, OR

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

32.

Royal Sonesta San Juan 5961 Isla Verde Avenue San Juan, PR

HPT IHG PR, Inc.

SVC San Juan TRS LLC

Sonesta San Juan LLC

Full

33.

The Stephen F Austin Royal Sonesta Hotel 701 Congress Avenue Austin, TX

HPTMI Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

34.

The Alexis Royal Sonesta Hotel 1007 First Avenue Seattle, WA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Full

35.

Sonesta Emeryville 5555 Shellmound Street Emeryville, CA

HPTMI Properties Trust

HPT TRS MRP, Inc.

Sonesta International Hotels Corporation

Full

---

Trade Name and Street Address

Landlord

Owner

Manager

Service Level

36.

Sonesta Kaua`i Resort 3610 Rice Street Lihue, HI

HPTMI Hawaii, Inc.

HPT TRS MRP, Inc.

Sonesta International Hotels Corporation

Full

37.

Sonesta Nashville Airport 600 Marriott Drive, Nashville, TN

HPTMI Properties Trust

HPT TRS MRP, Inc.

Sonesta International Hotels Corporation

Full

38.

Royal Sonesta Minneapolis Downtown 35 S 7th Street Minneapolis, MN

HPTWN Properties Trust

SVC Minneapolis TRS LLC

Sonesta Minneapolis LLC

Full

39.

Nautilus Sonesta Miami Beach 1825 Collins Avenue Miami, FL

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Full

40.

Sonesta ES Orlando 8480 International Drive Orlando, FL

HPT IHG-2 Properties Trust

Cambridge TRS, Inc.

Sonesta International Hotels Corporation

Extended Stay

41.

Sonesta ES Suites Torrance Redondo Beach 19901 Prairie Ave. Torrance, CA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

42.

Sonesta ES Suites Carmel Mountain 11002 Rancho Carmel Drive San Diego, CA

HPTMI Properties Trust

HPT TRS MRP, Inc.

Sonesta International Hotels Corporation

Extended Stay

43.

Sonesta ES Suites San Diego - Sorrento Mesa 6639 Mira Mesa Blvd Sorrento Mesa, CA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

44.

Sonesta ES Suites Lake Buena Vista 8751 Suiteside Drive Orlando, FL

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

45.

Sonesta ES Suites Anaheim 1855 S. Manchester Avenue Anaheim, CA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

46.

Sonesta ES Suites Toronto Thornhill 355 South Park Road Toronto (Thornhill), ON

HPT IHG Canada Properties Trust

HPT TRS IHG-2, Inc.

Sonesta Canada ULC

Extended Stay

47.

Sonesta Simply Suites Jersey City 21 2nd Street Jersey City, NJ

HPT IHG-2 Properties Trust

SVC Jersey City TRS LLC

Sonesta Jersey City LLC

Extended Stay

---

Trade Name and Street Address

Landlord

Owner

Manager

Service Level

48.

Sonesta Simply Suites Las Vegas 4034 South Paradise Road Las Vegas, NV

HPTMI Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

49.

Sonesta Simply Suites Scottsdale North 10740 North 90th Street Scottsdale, AZ

HPTMI Properties Trust

HPT TRS MRP, Inc.

Sonesta International Hotels Corporation

Extended Stay

50.

Sonesta Simply Suites Falls Church 205 Hillwood Avenue Falls Church, VA

HPTMI Properties Trust

HPT TRS MRP, Inc.

Sonesta International Hotels Corporation

Extended Stay

51.

Sonesta Simply Suites Miami Airport 8855 NW 27th St. Miami, FL

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

52.

Sonesta Simply Suites Orange County Spectrum Center 16150 Sand Canyon Ave. Irvine, CA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

53.

Sonesta Simply Suites Boston Burlington 130 Middlesex Turnpike Burlington, MA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Extended Stay

54.

Sonesta Select Arlington Rosslyn 1533 Clarendon Boulevard Arlington, VA

HPTCY Properties Trust

HPT CY TRS, Inc.

Sonesta International Hotels Corporation

Select

55.

Sonesta Select Camarillo 4994 Verdugo Way Camarillo, CA

Service Properties Trust

HPT CY TRS, Inc.

Sonesta International Hotels Corporation

Select

56.

Sonesta Select Los Angeles Torrance 1925 West 190th Street Torrance, CA

HPTCY Properties Trust

HPT CY TRS, Inc.

Sonesta International Hotels Corporation

Select

57.

Sonesta Select Laguna Hills 23175 Avenida de la Carlota Laguna Hills, CA

HPTCY Properties Trust

HPT CY TRS, Inc.

Sonesta International Hotels Corporation

Select

58.

Sonesta Select Los Angeles LAX 2000 East Mariposa Avenue El Segundo, CA

Service Properties Trust

HPT CY TRS, Inc.

Sonesta International Hotels Corporation

Select

---

Trade Name and Street Address

Landlord

Owner

Manager

Service Level

59.

Sonesta Select Middletown 9 Commerce Drive Middletown, RI

HPTCY Properties Trust

HPT CY TRS, Inc.

Sonesta International Hotels Corporation

Select

60.

Sonesta Simply Suites Atlanta 3665 Shackleford Road Duluth, GA

HPT IHG-2 Properties Trust

HPT TRS IHG-2, Inc.

Sonesta International Hotels Corporation

Select