HYATT 2-16-26.pdf

This is a Group Sales Agreement dated September 4, 2025, entered into between The Board of Regents of the University of Nebraska, University of Nebraska Athletics (the "Group") and Marcus Hotels and Resorts, as agent of HYATT REGENCY CORALVILLE HOTEL & CONFERENCE CENTER (the "Hotel"), located at 300 East 9th Street, Coralville, Iowa 52241. The agreement is for the Nebraska Men's Basketball Team 2026 event scheduled for February 16-17, 2026, with Luca Virgilio serving as the Group's Director of Operations and Bre Payton as the Hotel's Sales Manager. The travel agent of record is Matthew Gauci of Anthony Travel, who receives a 10% commission on guest room bookings.

The agreement establishes a guest room block of 31 total rooms (11 Queen-Queen and 20 King rooms) with a Total Contracted Guest Room Revenue Commitment of $4,185.00 and a Total Guest Room Revenue Minimum of $3,375.00 at a rate of $135 per room (single or double). The Group must commit to a minimum of $5,000.00 in Food and Beverage Revenue; meeting and event space rental is waived with the F&B minimum. Current catering pricing ranges from $17 (Continental Breakfast) to $40 (Dinner Buffet) per person, with applicable taxes of 6% and a service charge of 25%. Additional charges include guest room tax (12%), Destination Management Fund Fee (1.50%), food and beverage tax (6%), and meeting and space rental tax (6%). The cut-off date for room reservations is February 2, 2026, with a first option due date of September 30, 2025. The Group receives $4,283.00 in total concessions, including complimentary upgrades, late checkout privileges, and meeting space. Cancellation charges apply on a sliding scale from 70% to 100% of commitments depending on timing, with payment due by credit card or other guaranteed forms. The agreement is effective upon execution by both authorized representatives.