0001193125-07-272002 Sample Contracts

PURCHASE CONTRACT between VIKING FUND URBANDALE, LLC (“SELLER”) AND APPLE EIGHT HOSPITALITY OWNERSHIP, INC. (“BUYER”) Dated: December 14, 2007
Purchase Contract • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

This PURCHASE CONTRACT (this “Contract”) is made and entered into as of December 14, 2007, by and between VIKING FUND URBANDALE, LLC, a Delaware limited liability company (“Seller”) with a principal office at 13760 Noel Rd., Suite 610, Dallas, Texas 75240, and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).

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HOTEL LEASE AGREEMENT EFFECTIVE DECEMBER 14, 2007 BETWEEN APPLE EIGHT HOSPITALITY OWNERSHIP, INC. A VIRGINIA CORPORATION AS LESSOR AND APPLE EIGHT HOSPITALITY MANAGEMENT, INC., A VIRGINIA CORPORATION AS LESSEE
Hotel Lease Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

THIS HOTEL LEASE AGREEMENT (hereinafter called “Lease”), effective as of the 14th day of December, 2007, by and between APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation (hereinafter called “Lessor”), and APPLE EIGHT HOSPITALITY MANAGEMENT, INC., a Virginia corporation (hereinafter called “Lessee”), provides as follows:

AGREEMENT OF PURCHASE AND SALE
Agreement of Purchase and Sale • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • California

BY THIS AGREEMENT OF PURCHASE AND SALE (this “Agreement”), and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto declare, covenant and agree as follows:

MANAGEMENT AGREEMENT by and between NEWPORT GREENSBORO MANAGEMENT, LLC as “MANAGER” and APPLE EIGHT HOSPITALITY MANAGEMENT, INC. as “OWNER” Dated as of November 9, 2007
Management Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

THIS MANAGEMENT AGREEMENT (“Agreement”) is executed as of the 9th day of November, 2007 (“Effective Date”), by APPLE EIGHT HOSPITALITY MANAGEMENT, INC., a Virginia corporation (“Owner”), with a mailing address at c/o Apple REIT Companies, 814 E. Main Street, Richmond, Virginia 23219, Attention: Krissy Gathright, and NEWPORT GREENSBORO MANAGEMENT, LLC, a Virginia limited liability company (“Manager”), with a mailing address at c/o 4290 New Town Avenue, Williamsburg, Virginia 23188.

FRANCHISE LICENSE AGREEMENT HAMPTON INN BOWLING GREEN (BOWLING GREEN, KENTUCKY)
Franchise License Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • New York

Dated as of the date set forth on the Rider attached as Attachment B (the “Rider”) between the licensor entity set forth on the Rider (“we,” “us,” “our” or “Licensor”), and the licensee entity (“you,” “your” or “Licensee”), the name and address of which is set forth on the Rider.

COURTYARD BY MARRIOTT RELICENSING FRANCHISE AGREEMENT between MARRIOTT INTERNATIONAL, INC. Franchisor and APPLE EIGHT HOSPITALITY MANAGEMENT, INC. Franchisee Location: 250 Davidson Avenue, Somerset, NJ 08873-4115 Dated as of:
Relicensing Franchise Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • Maryland

THIS AGREEMENT is made and entered into effective as of the day of , 2007 (“Effective Date”), between Marriott International, Inc., a Delaware corporation (“Franchisor”), and Apple Eight Hospitality Management, Inc., a Virginia corporation (“Franchisee”).

PURCHASE CONTRACT between COUNTRY CLUB EXTENDED STAY SUITES, L.L.C. RILEY EXTENDED STAY SUITES, L.L.C. WESTFORD INN, L.L.C. WESTFORD HOTELS, LLC RILEY HOTEL SUITES, L.L.C. (“SELLERS”) AND APPLE EIGHT HOSPITALITY OWNERSHIP, INC. (“BUYER”) Dated:...
Purchase Contract • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

This PURCHASE CONTRACT (this “Contract”) is made and entered into as of December 27, 2007, by and between COUNTRY CLUB EXTENDED STAY SUITES, L.L.C., a Missouri limited liability company, RILEY EXTENDED STAY SUITES, L.L.C., a Kansas limited liability company, WESTFORD INN, L.L.C., a Delaware limited liability company, WESTFORD HOTELS, LLC, a Massachusetts limited liability company, and RILEY HOTEL SUITES, L.L.C., a Kansas limited liability company (individually, a “Seller”, and collectively, the “Sellers”), with a principal office at c/o True North Hotel Group, Inc. (“TNHG”), 500 Commerce Plaza I, 7300 West 110th Street, Suite 990, Overland Park, Kansas 66210, and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).

AGREEMENT OF SALE AND PURCHASE between 57TH STREET OWNER, LLC, a Delaware limited liability company “Seller” and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation “Buyer” with Escrow Instructions for LandAmerica American Title Company,...
Agreement of Sale and Purchase • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • New York

THIS AGREEMENT OF SALE AND PURCHASE (this “Agreement”), dated as of November 15, 2007, is between 57TH STREET OWNER, LLC, a Delaware limited liability company (“Seller”), and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation (together with its permitted successors and assigns “Buyer”).

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