Contract Summary

This Group Sales Agreement, dated September 4, 2025, is entered into between The Board of Regents of the University of Nebraska, University of Nebraska Athletics (the "Group") and Marcus Hotels and Resorts, operating as agent for Hyatt Regency Coralville Hotel & Conference Center (the "Hotel"), located at 300 East 9th Street, Coralville, Iowa 52241. The agreement is executed by Luca Virgilio, Director of Operations for University of Nebraska Athletics, and Bre Payton, Sales Manager for the Hotel. The event is the Nebraska Men's Basketball Team 2026, scheduled for February 16-17, 2026.

The Group has committed to a total guest room revenue minimum of $3,375.00 with a contracted guest room block of 31 rooms (11 Queen-Queen and 20 King rooms) at a daily rate of $135 per room. The Group must provide a Food and Beverage Revenue Commitment of $5,000.00 with 2025 minimum catering rates ranging from $17 per person for continental breakfast to $40 per person for dinner buffet, excluding applicable taxes and a 25% service charge. Meeting and event space rental is waived with the Food and Beverage Minimum. The agreement includes special concessions valued at $4,283.00, comprising complimentary suite upgrades ($150), bus parking ($40), late checkout ($2,093), complimentary meeting space ($2,000), and complimentary WiFi. The Group pays for rooms and taxes; service charges and applicable taxes of 13.50% apply to all banquet charges. A first option due date of September 30, 2025, and cut-off date of February 2, 2026, are established. The travel agency Anthony Travel, represented by Matthew Gauci, receives a 10% commission on guest room rates. Cancellation penalties escalate from 100% of aggregate commitments for cancellations within five days of the event to 70% for cancellations 91-180 days prior to arrival.