PURCHASE CONTRACT between TUCAIRRI PROPERTY, L.P. (“SELLER”) AND APPLE SEVEN HOSPITALITY, INC. (“BUYER”) AND joined in by W.I. REALTY I, L.P., d/b/a WESTERN INTERNATIONAL (“WESTERN”) Dated: November 3, 2006Purchase Contract • January 26th, 2007 • Apple REIT Seven, Inc. • Real estate investment trusts
This PURCHASE CONTRACT (this “Contract”) is made and entered into as of November 3, 2006, by and between TUCAIRRI PROPERTY. L.P., a Texas limited partnership (“Seller”), with its principal office at c/o Western International, 13647 Montfort Drive, Dallas, Texas 75240, and APPLE SEVEN HOSPITALITY. INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”) and, to the extent provided herein, joined in by W. I. REALTY I, L.P., d/b/a WESTERN INTERNATIONAL, a Texas limited partnership (“Western”), with its principal office at 13647 Montfort Drive, Dallas, Texas 75240.
PURCHASE CONTRACT between SAT-TPS-AIR PROPERTY, L.P. (“SELLER”) AND APPLE SEVEN HOSPITALITY, INC. (“BUYER”) AND joined in by W.I. REALTY I, L.P., d/b/a WESTERN INTERNATIONAL (“WESTERN”) Dated: November 3, 2006Purchase Contract • January 26th, 2007 • Apple REIT Seven, Inc. • Real estate investment trusts
This PURCHASE CONTRACT (this “Contract”) is made and entered into as of November 3, 2006, by and between SAT-TPS-AIR PROPERTY, L.P., a Texas limited partnership (“Seller”), with its principal office at c/o Western International, 13647 Montfort Drive, Dallas, Texas 75240, and APPLE SEVEN HOSPITALITY, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”) and, to the extent provided herein, joined in by W. I. REALTY I, L.P., d/b/a WESTERN INTERNATIONAL, a Texas limited partnership (“Western”), with its principal office at 13647 Montfort Drive, Dallas, Texas 75240.
PURCHASE CONTRACT between Larry Blumberg Richard Blumberg Helen B. Lifland Clement Shugerman Leslie Blumberg Beverly Erdreich Robert Hayne Hollis, III (“INTEREST OWNERS”), BLUMBERG – DOTHAN MOTEL, L.L.C. (“COMPANY”), AND APPLE SEVEN HOSPITALITY...Purchase Contract • January 26th, 2007 • Apple REIT Seven, Inc. • Real estate investment trusts
This PURCHASE CONTRACT (this “Contract”) is made and entered into as of the date set forth in Item 1 of Schedule 1 by and between the persons and entities set forth in Item 2(a) of Schedule 1 (each, an “Interest Owner” and, collectively, the “Interest Owners”), with an address c/o Larry Blumberg & Associates, Inc., 2733 Ross Clark Circle, P.O. Box 5566, Dothan, Alabama 36302; the entity set forth in Item 2(b) of Schedule 1 (the “Company”), with its principal office c/o Larry Blumberg & Associates, Inc., 2733 Ross Clark Circle, P.O. Box 5566, Dothan, Alabama 36302; and APPLE SEVEN HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).
LOAN AGREEMENTLoan Agreement • January 26th, 2007 • Apple REIT Seven, Inc. • Real estate investment trusts • North Carolina
THIS LOAN AGREEMENT (the “Agreement”) is made as of the 14th day of December, 2006 by and between APPLE REIT SEVEN, INC., a Virginia corporation (the “Company”), and WACHOVIA BANK, NATIONAL ASSOCIATION a national banking association (the “Lender”).
