PURCHASE AND SALE AGREEMENT BY AND AMONG JER O’HARE HOTEL, LLC, AS SELLER AND ASHFORD HOSPITALITY LIMITED PARTNERSHIP AS PURCHASER DATED AS OF AUGUST 31, 2006 FOR THE WESTIN O’HARE ROSEMONT, ILLINOISPurchase and Sale Agreement • September 8th, 2006 • Ashford Hospitality Trust Inc • Real estate investment trusts • Illinois
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into as of this 6th day of September, 2006 (the “Effective Date”), by and among JER O’Hare Hotel, LLC, a Delaware limited liability company (“Seller”), and Ashford Hospitality Limited Partnership, a Delaware limited partnership (“Purchaser”). The Seller and Purchaser are sometimes referred to herein individually as a “Party”, and collectively as the “Parties”.
