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May 2, 2023 <br />Mr. Chris Harchanko <br />Apollo Development <br />206 Chelsea Road <br />Monticello, Minnesota <br />Centerville, Minnesota 55326 <br />HVS Re: Proposed Hotel <br />33972 North Oak Drive Centerville, Minnesota <br />Pequot Lakes, Minnesota 56472 <br />+1 (303) 588-6558 <br />www.hvs.com <br />Dear Mr. Harchanko: <br />Thank you for your recent call pertaining to your Centerville, Minnesota project; we <br />are pleased to submit this proposal for our services. We are certain that we will be able <br />to provide you with the precise mix of experience and skills you will need for this <br />engagement. HVS is internationally recognized as the leader in hospitality consulting, <br />providing the highest quality experience in this arena. HVS is unique among hospitality <br />consulting firms and offers our clients unparalleled credibility, specialized experience, <br />and a track record of success. <br />The attached proposal sets forth a description of the objectives and scope of the <br />assignment, along with a detailed description of the methodology to be employed, an <br />estimate of the time requirements, and a schedule of professional fees. The proposal <br />also includes a list of requested information that we would require for completing the <br />study. <br />If the proposal meets your acceptance, please sign and return a copy together with <br />your retainer payment. If you have any questions regarding the contents of the <br />proposal, please do not hesitate to contact me. Thank you for the opportunity to submit <br />this proposal for your project. <br />Very truly yours, <br />HVS division of TS Worldwide LLC <br />Tanya J. Pierson <br />Senior Managing Director <br />TPierson@hvs.com <br />+1 (303) 588-6558 <br />