HOTEL PURCHASE AGREEMENTHotel Purchase Agreement • March 7th, 2007 • Supertel Hospitality Inc • Real estate investment trusts • Georgia
AGREEMENT, dated for reference purposes only, March 7, 2007, is among MEI 1 Properties, LP, HLC 1 Properties, LP, HLC Atlanta Properties, LP, HLC ATLTU Properties, LLC, HLC ORLID Properties, LLC, HLC Kissimmee Properties, LP, HLC Main Gate Properties, LP, HLC Tampa Properties, LP, MEI 2 Properties, LP, RCL Properties, LLP, (collectively, “Sellers”) and Masters Economy Inns, Inc., (“Franchisor”), J. ROGER HAMMOND ("Hammond") and CHARLES M. AIMONE ("Aimone"), and SUPERTEL LIMITED PARTNERSHIP, a Virginia limited partnership ("Buyer"). Hammond and Aimone shall sometimes hereinafter be collectively referred to as "Shareholders".
