MASTER PURCHASE AND SALE AGREEMENT (Regarding the Sale and Purchase of 6 Hotels)Master Purchase and Sale Agreement • August 18th, 2011 • Hersha Hospitality Trust • Real estate investment trusts • Pennsylvania
THIS MASTER PURCHASE AND SALE AGREEMENT (this “Master Purchase and Sale Agreement”) is made and entered into as of this 15th day of August, 2011 (the “Effective Date”), by and among PRA GLASTONBURY, LLC, a Connecticut limited liability company, 44 HERSHA NORWICH ASSOCIATES, LLC, a Connecticut limited liability company, DANBURY SUITES, LLC, a Connecticut limited liability company, WHITEHALL MANSION PARTNERS, LLC, a Connecticut limited liability company, SOUTHINGTON SUITES, LLC, a Connecticut limited liability company, 790 WEST STREET, LLC, a Connecticut limited liability company, and WATERFORD SUITES, LLC, a Connecticut limited liability company (individually and collectively, “Seller”), and SOF-VIII U.S. Hotel Co-Invest Holdings L.P., a Delaware limited partnership, or its designee (“Purchaser”). Seller and Purchaser are sometimes referred to herein individually as a “Party” and, collectively, as the “Parties.”
