August 5, 1997
Mr. Xxx Xxxxxxx-Xxxxx
Hotel Capital Corporation of America
0000 Xxxxxxxx Xxxxxx, Xxxxx 000
Xx Xxxxx, Xxxxxxxxxx 00000
Re: Restated and Amended Post-Formation Acquisition Agreement dated February
8, 1997 by and between Host Funding, Inc. ("Host Funding") and Hotel
Capital Corporation of America ("Acquisition Manager") (the "Acquisition
Agreement").
Dear Ian:
Pursuant to Section 15 of the Acquisition Agreement, Host Funding hereby
terminates the Acquisition Agreement effective thirty (30) days from the date of
your receipt of this letter. Attached to this termination letter as Exhibit "A"
is a list of the properties that have been presented to Host Funding by
Acquisition Manager as of the date of this letter. By your signature below,
please confirm that (i) the attached property list constitutes the full,
complete and final list of properties which Acquisition Manager has submitted to
Host Funding; and (ii) any properties submitted after the date of this letter
which are not included on the attached property list will not be subject to the
terms and conditions of the Acquisition Agreement.
Sincerely yours,
Xxxxxxx X. XxXxxxx
MSM:lah
ACKNOWLEDGED AND AGREED:
HOTEL CAPITAL CORPORATION OF AMERICA
By:
-------------------------------
Xxx Xxxxxxx-Xxxxx, Manager
Date:
-----------------------------
cc: Xxxx X. Xxxxxxxxxx, Esq.
Xxxxx X. Xxxxxx, Esq.
Xxxxx X. Xxxxxxx, Esq.
PROPERTIES SUBJECT TO AGREEMENT
Country Hearth - Findlay
Country Hearth - Auburn
Country Hearth - Indianapolis
Days Inn - Bloomington
Hotel Spokane
Comfort Inns - North Carolina
In addition, within three business days, HCCA may provide a list of
properties that includes hotel, room TTM Revenue, NOI, Seller's name and address
and asking price.
Xxxxxxx
