THE PARK CENTRAL HOTEL PURCHASE AND SALE AGREEMENT BETWEEN PARK CENTRAL HOTEL (DE) LLC, a Delaware limited liability company, and PCH TIC OWNER LLC, a Delaware limited liability company, and PCH OPERATING LESSEE OWNER CORP., a Delaware corporation,...Purchase and Sale Agreement • July 20th, 2011 • LaSalle Hotel Properties • Real estate investment trusts • New York
This PURCHASE AND SALE AGREEMENT (this “Agreement”) is made as of June 3, 2011 (the “Effective Date”), by and between PARK CENTRAL HOTEL (DE) LLC, a Delaware limited liability company (“PCH”), PCH TIC OWNER LLC, a Delaware limited liability company (“TIC”), and PCH OPERATING LESSEE OWNER CORP., a Delaware corporation (“Leaseco”, each of PCH, TIC and Leaseco, collectively referred to herein as “Seller”), and LASALLE HOTEL OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Purchaser”). In addition, PCH and TIC are sometimes collectively referred to herein as the “TIC Sellers”.
