AGREEMENT OF PURCHASE AND SALE by and between Ashford Hospitality Limited Partnership a Delaware limited partnership (“Purchaser”) and Ashford Hospitality Advisors LLC, A Delaware limited liability company (“Seller”) Hilton Hotel, Marietta, GeorgiaAgreement of Purchase and Sale • December 21st, 2022 • Ashford Hospitality Trust Inc • Real estate investment trusts
THIS AGREEMENT OF PURCHASE AND SALE (this “Agreement”) is made as of December 16, 2022 (the “Effective Date”), by and between Ashford Hospitality Limited Partnership, a Delaware limited partnership (“Purchaser”), and Ashford Hospitality Advisors LLC, a Delaware limited liability company (“Seller”).
December 16, 2022Ashford Hospitality Trust Inc • December 21st, 2022 • Real estate investment trusts
Reference is made to (i) that certain Second Amended and Restated Advisory Agreement, dated as of January 14, 2021, (the “Existing Advisory Agreement”) by and among, Ashford Hospitality Trust, Inc. (“Trust”), Ashford Hospitality Limited Partnership (“Trust LP”), Ashford TRS Corporation (“TRS”), Ashford Inc. and Ashford Hospitality Advisors LLC (together with Ashford Inc., the “Advisor”) and (ii) that certain Enhanced Return Funding Program Agreement and Amendment No. 1 to the Amended and Restated Advisory Agreement, dated effective as of June 26, 2018 (the “ERFP Agreement”), by and among Trust, Trust LP, TRS and the Advisor. Capitalized terms used but not defined in this side letter agreement (this “Side Letter”) have the meaning given to them in the Existing Advisory Agreement.
