EXHIBIT 10.11
-------------
AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE
--------------------------------------------
THIS AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE (this "Amendment")
made this _____ day of August, 1997, modifies and amends the Agreement for
Sale and Purchase (the "Agreement"; capitalized terms used but not
otherwise defined herein have the same definitions as set forth in the
Agreement) dated July 25th, 1997 by and between STANFORD HOTELS CORPORATION
("Purchaser") and CENTER RETAIL PARTNERS, a Florida general partnership,
CENTER HOTEL LIMITED PARTNERSHIP, a Delaware limited partnership, CENTER
OFFICE PARTNERS, a Florida general partnership and ARVIDA/JMB PARTNERS,
L.P., a Delaware limited partnership (collectively, the "Sellers") for the
purchase of the property (the "Property") described in the Agreement.
Purchaser and Sellers hereby agree as follows:
1. The Inspection Period provided in Section 7.1 of the Agreement
is hereby extended to 5:00 P.M., eastern time, on August 29th, 1997.
2. The Closing Date provided in Section 9.1 of the Agreement is
hereby extended to 10:00 A.M. on September 12th, 1997.
3. To the extent that the terms of the this Amendment are in
conflict with the Agreement, the terms of the Amendment will govern. All
other provisions of the Agreement shall remain in full force and effect and
are incorporated herein by reference.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment
as of the date first above written.
CENTER RETAIL PARTNERS,
a Florida general partnership
By: Arvida/JMB Managers, Inc.,
a Florida corporation,
its general partner
By:
------------------------------
Name:
------------------------------
Title:
------------------------------
CENTER HOTEL LIMITED PARTNERSHIP,
a Delaware limited partnership
By: JMB/PCH Corporation,
an Illinois corporation,
its general partner
By:
------------------------------
Name:
------------------------------
Title:
------------------------------
CENTER OFFICE PARTNERS,
a Florida general partnership
By: Arvida/JMB Managers, Inc.,
a Delaware corporation,
its general partner
By:
------------------------------
Name:
------------------------------
Title:
------------------------------
ARVIDA/JMB PARTNERS, L.P.,
a Delaware limited partnership
By: Arvida/JMB Managers, Inc.,
a Delaware corporation
By:
------------------------------
Name:
------------------------------
Title:
------------------------------
STANFORD HOTELS CORPORATION,
a California corporation
By:
------------------------------
Name:
------------------------------
Title:
------------------------------
