PURCHASE, SALE AND CONTRIBUTION AGREEMENT BY AND AMONG BIT HOLDINGS SEVENTEEN, INC. SELLER AND MHI HOSPITALITY, L.P. BUYER AND MHI HOTELS, LLC OPERATOR DATED: May 20, 2005Purchase, Sale and Contribution Agreement • August 11th, 2005 • MHI Hospitality CORP • Real estate investment trusts
THIS PURCHASE, SALE AND CONTRIBUTION AGREEMENT (this “Agreement”) is made and entered into as of May 20 2005, by and among BIT HOLDINGS SEVENTEEN, INC., a Maryland corporation (“Seller”), MHI HOSPITALITY, L.P., a Delaware limited partnership (“Buyer”), and MHI HOTELS, LLC, a Virginia limited liability company and successor by merger to MHI Recovery Management, Inc., a Virginia corporation (“Operator”).
