Exhibit (a)(2)
[WESTIN HOTELS LIMITED PARTNERSHIP LETTERHEAD]
October 16, 2003
Dear Limited Partners:
On October 6, 2003, Kalmia Investors, LLC, Merced Partners Limited
Partnership, Smithtown Bay, LLC, Global Capital Management, Inc., Xxxx X.
Xxxxxxxxxxx and Xxxxxxx X. Xxxx (collectively, the "Purchasers"), commenced an
unsolicited tender offer (the "Offer") to purchase up to 73,250 Units of Westin
Hotels Limited Partnership (the "Partnership") at a purchase price of $550 per
Unit, in cash, without interest, less the amount of any distributions declared
or paid on or after October 1, 2003 in respect of that Unit.
The General Partner of the Partnership is required to inform you of its
position, if any, with respect to the Offer. In that regard, the General Partner
is making no recommendation whether limited partners should accept or reject the
Offer and is remaining neutral with respect to the Offer.
Enclosed with this letter is a copy of our Solicitation/Recommendation
Statement on Schedule 14D-9 (the "Statement") which has been filed with the
Securities and Exchange Commission. We urge you to read the enclosed Statement
carefully. Although the General Partner is not making a recommendation, we
believe that Limited Partners of the Partnership should carefully consider the
information set forth in Item 4 of the Statement in making their own decision
about whether to tender Units.
If you have any questions, please call Phoenix American Financial
Services, Inc., the Partnership's investor relations manager, at 0-000-000-0000.
Very truly yours,
WESTIN REALTY CORP.
General Partner
