REAFFIRMATION AND MODIFICATION OF LIMITED GUARANTY AGREEMENT AND ENVIRONMENTAL INDEMNITY AGREEMENT

Environmental Indemnity Agreement

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SUNAMERICA LIFE INSURANCE COMPANY | SONESTA INTERNATIONAL HOTELS CORPORATION

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Title: REAFFIRMATION AND MODIFICATION OF LIMITED GUARANTY AGREEMENT AND ENVIRONMENTAL INDEMNITY AGREEMENT
Date: 3/30/2004
Industry: HOTELS Sector: SERVIC

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EXhibit 10.7(b)

REAFFIRMATION AND MODIFICATION OF LIMITED GUARANTY AGREEMENT

AND ENVIRONMENTAL INDEMNITY AGREEMENT

THIS REAFFIRMATION AND MODIFICATION OF LIMITED GUARANTY AGREEMENT AND

ENVIRONMENTAL INDEMNITY AGREEMENT (this "Reaffirmation"), dated as of March 24,

2004, to be effective as of December 1, 2003 (the "Effective Date"), is executed

by SONESTA INTERNATIONAL HOTELS CORPORATION, a New York corporation

("Guarantor"), for the use and benefit of SUNAMERICA LIFE INSURANCE COMPANY, an

Arizona corporation ("Lender").

RECITALS

A. On or about June 2, 2000, Lender made a $31,000,000.00 loan (the

"Original Loan") to Sonesta Beach Resort Limited Partnership, a Delaware limited

partnership ("Borrower").

B. The Original Loan is (i) evidenced by a Consolidated and Renewed

Promissory Note dated May 30, 2000, in the original principal amount of the

Original Loan executed by Borrower to the order of Lender (the "Note"), (ii)

secured by, among other things, a Consolidated, Amended and Restated Mortgage,

Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases

and Rents dated as of May 30, 2000 (the "Mortgage"), executed by Borrower for

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