Contract Summary

This Group Sales Agreement, dated July 23, 2026, is executed between The Board of Regents of the University of Nebraska (Group) and KELLY INNS LTD, acting as agents for KELLY MIDWEST VENTURES d/b/a HYATT PLACE SIOUX FALLS SOUTH (Hotel), located at 4935 W Lake Shore Boulevard, Sioux Falls, South Dakota 57106. The agreement governs hotel accommodations and services for the University of Nebraska Men's Basketball team for an official event scheduled for November 14-15, 2026.

The contract commits the Hotel to provide 62 guest rooms across multiple room types at a fixed rate of $197.00 per night (all occupancy configurations), with a total contracted guest room revenue of $9,160.00. Daily room block commitments are 31 rooms on November 14 (Saturday) for $6,107.00 and 31 rooms on November 15 (Sunday) for $3,053.50. The agreement includes complimentary amenities such as full breakfast, Wi-Fi, on-site parking for buses, fitness facilities, and meeting space rental at $200 plus 22% service charge and 6.2% daily tax. A Cut-Off Date of October 30, 2026 applies for room reservations via rooming list submission. The Group's First Option Due Date is August 7, 2026. All advance deposits are waived, and payment is due via credit card with receipts to be submitted within three days of departure. A force majeure clause permits termination without penalty for NCAA-related scheduling changes or other unforeseeable circumstances affecting the basketball event.