Real Estate Hotel Portfolio

REAL ESTATE HOTEL PORTFOLIO

This Real Estate Hotel Portfolio (the "Portfolio") documents the properties and material terms presented by Owner / Seller Name: to Recipient / Purchaser Name: on Date:

PARTY IDENTIFICATION

PORTFOLIO SUMMARY

Portfolio Name:   Total Number of Properties:

PROPERTY IDENTIFICATION (PROPERTY 1)

Hotel Name:   Rooms / Keys:

Gross Building Area (sf):   Lot Size (acres):   Year Built:

Current Occupancy (%):   Average Daily Rate (ADR):   Gross Revenue (last 12 mos):

PROPERTY IDENTIFICATION (PROPERTY 2)

Hotel Name:   Rooms / Keys:

PROPERTY IDENTIFICATION (PROPERTY 3)

Hotel Name:   Rooms / Keys:

FINANCIAL TERMS

Total Portfolio Purchase Price:   Earnest Money / Deposit:

Deposit Due Date:   Closing Date:   Possession Date:

DUE DILIGENCE AND ACCESS

DISCLOSURES

Lead-based paint (if applicable): Yes   No

Known mold or fungal contamination: Yes   No

Known asbestos, hazardous materials or environmental violations: Yes   No

Zoning or building code violations affecting use: Yes   No

Pending litigation, claims or notices affecting the property: Yes   No

REPRESENTATIONS, WARRANTIES & INDEMNITIES

Seller represents and warrants that, to Seller's actual knowledge, the information contained in this Portfolio and the documents delivered by Seller is true and correct in all material respects as of the date delivered. Seller further warrants that there are no undisclosed material defects, liens or encumbrances other than those disclosed herein. Seller agrees to indemnify and hold harmless Recipient from any losses arising from Seller's breach of these representations and warranties, except to the extent such losses arise from matters expressly disclosed in writing.

DEFAULT, REMEDIES AND CLOSING CONDITIONS

In the event of a material breach by either party, the non-breaching party may pursue all remedies available at law or in equity, including specific performance where monetary damages are inadequate. The parties agree that the obligations set forth in any binding purchase agreement for the Portfolio shall include liquidated damages provisions and escrow instructions as mutually agreed in that agreement. The prevailing party in any dispute arising under this Portfolio shall be entitled to recover reasonable attorneys' fees and costs.

CONFIDENTIALITY

Recipient acknowledges that the information contained in this Portfolio is confidential and proprietary to Seller. Recipient agrees not to disclose the information to third parties except to its professional advisors and potential financing sources who have a need to know and who are bound to maintain confidentiality. Recipient will use the information solely for the purpose of evaluating a potential acquisition of the Portfolio and will be responsible for any breach of this confidentiality obligation by its advisors.

GOVERNING LAW & ENTIRE AGREEMENT

This Portfolio and any binding agreement executed with reference to it shall be governed by the laws of the State of without regard to conflicts of law principles. This Portfolio constitutes the entire statement of the material terms presented herein and supersedes all prior oral or written communications with respect to the matters described herein; however, it is not an obligation to sell or purchase unless and until the parties execute a separate, definitive purchase agreement.

ACKNOWLEDGMENT

By signing below, Seller certifies that the facts and figures set forth in this Portfolio are true and complete to Seller's knowledge as of the date of this Portfolio, and Recipient acknowledges receipt of the Portfolio and understands that Recipient must rely on its own due diligence and investigation prior to any purchase.

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