WESTIN HOTELS LIMITED PARTNERSHIP LETTERHEAD] January 20, 2004Westin Hotels LTD Partnership • January 20th, 2004 • Hotels & motels
On January 8, 2004, Kalmia Investors, LLC, Merced Partners Limited Partnership, Smithtown Bay, LLC, Global Capital Management, Inc., John D. Brandenborg and Michael J. Frey (collectively, the “Purchasers”), commenced an unsolicited tender offer (the “Offer”), as amended on January 16, 2004, to purchase up to 117,025 Units of Westin Hotels Limited Partnership (the “Partnership”) at a purchase price of $725 per Unit, in cash, without interest, less the amount of any distributions declared or paid on or after December 31, 2003 in respect of that Unit.
