PURCHASE AND SALE AGREEMENT between LEXINGTON HOTEL, LLC, as SELLER, and DIAMONDROCK NY LEX OWNER, LLC, as PURCHASER Dated as of May 12, 2011Purchase and Sale Agreement • May 17th, 2011 • DiamondRock Hospitality Co • Real estate investment trusts • New York
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is dated as of May 12, 2011 (the “Effective Date”) by and between LEXINGTON HOTEL, LLC, a Delaware limited liability company, having an address c/o Highgate Holdings, Inc., 870 Seventh Avenue, 2nd Floor, New York, New York 10019 (“Seller”), and DIAMONDROCK NY LEX OWNER, LLC, a Delaware limited liability company, having an address c/o DiamondRock Hospitality Company, 3 Bethesda Metro Center, Suite 1500, Bethesda, Maryland 20814 (“Purchaser”).
