THE INTERESTS ACQUIRED PURSUANT TO THIS AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THEY HAVE BEEN REGISTERED UNDER SAID ACT OR UNLESS REGISTRATION...Limited Liability Company Operating Agreement • May 11th, 2011 • Carey Watermark Investors Inc • Real estate
THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF LONG BEACH HOTEL PROPERTIES, LLC, a California limited liability company, is made and entered into as of May 2, 2011 (the “Effective Date”), by and between CWI LONG BEACH HOTELS, LLC, a Delaware limited liability company (“CW Member”), and LBHP-ENSEMBLE PARTNERS, LLC, a California limited liability company (“Ensemble Member”) (this “Agreement”). CW Member and Ensemble Member are sometimes referred to collectively in this Agreement as the “Members” and individually as a “Member”.
