PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • January 23rd, 2007 • Supertel Hospitality Inc • Real estate investment trusts • Kentucky
THIS PURCHASE AND SALE AGREEMENT (the "Agreement") is hereby made and entered into this 17th day of January, 2007, by and between MUSSELMAN HOTELS II, LLC, a Delaware limited liability company (the "Seller") and SUPERTEL LIMITED PARTNERSHIP, a Virginia limited partnership (the "Purchaser") for the purchase and sale of the real and personal property which is part of and needed for the successful ownership, operation and maintenance of those certain hotels described in Exhibit A attached hereto (the "Hotels"). Each individual hotel identified on Exhibit A attached hereto may also be referred to individually as a “Hotel” or each “Hotel”.
