LIMITED PARTNERSHIP INTERESTS PURCHASE AGREEMENT dated as of January 19, 2006 by and among AFFORDABLE HOSPITALITY, INC. and HERSHA CAPITAL, INC. as Sellers, and HERSHA HOSPITALITY LIMITED PARTNERSHIP and RACE STREET, LLC as Purchasers IN CONNECTION...Limited Partnership Interests Purchase Agreement • January 25th, 2006 • Hersha Hospitality Trust • Real estate investment trusts • Pennsylvania
THIS LIMITED PARTNERSHIP INTERESTS PURCHASE AGREEMENT, dated as of the 19th day of January, 2006, (the “Agreement”) by and among Affordable Hospitality, Inc., a Pennsylvania corporation (“Affordable”), 3344 Associates, a Pennsylvania limited partnership (“3344”) and Hersha Capital, Inc., a Pennsylvania corporation (“Hersha Capital”, 3344 and Affordable, each, a “Seller” and collectively, the “Sellers”), Affordable Hospitality Associates, LP, a Pennsylvania limited partnership (the “Partnership”), and Hersha Hospitality Limited Partnership, a Virginia limited partnership (“HHLP”) and Race Street, LLC, a Pennsylvania limited liability company (“Race Street”, together with HHLP, the “Purchasers”) provides:
