EX-10.8 11 x76134a4exv10w8.htm EX-10.8 exv10w8
Exhibit 10.8
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
AND ESCROW INSTRUCTIONS
     This FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (“First Amendment”) is dated as of this 24th day of December, 2009 and is made by and between each of the parties named on Exhibit A hereto (each, individually, “Seller” and, collectively, “Sellers”), and CHATHAM LODGING TRUST, a Maryland real estate investment trust (“Purchaser”).
RECITALS
     A. Sellers and Purchaser have entered into that certain Purchase and Sale Agreement and Escrow Instructions, dated as of November 16, 2009 (the “Agreement”).
     B. Sellers and Purchasers now desire to amend a provision of the Agreement.
     C. All capitalized terms used in this First Amendment and not otherwise defined shall have the meanings ascribed to such terms in Article I of the Agreement.
     NOW, THEREFORE, for valuable consideration, including the promises, covenants, representations and warranties hereinafter set forth, the receipt and adequacy of which are hereby acknowledged, the parties, intending to be legally and equitably bound, agree as follows.
     1. In the third sentence of Section 4.4.1 of the Agreement, the words: “within three (3) days” are hereby deleted and the words: “by 5:00 pm EST on December 30, 2009” are substituted in lieu therefor.
     2. As amended hereby, the Agreement is hereby restated and reaffirmed.
     IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed as of the 24th day of December, 2009.
         
 
  SELLERS:

RLJ BILLERICA HOTEL, L.L.C.
 
 
  By:   /s/ Thomas J. Baltimore, Jr.    
    Thomas J. Baltimore, Jr.   
    President   
 

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Exhibit 10.8
[Signatures continued on next page.]
         
  RLJ BLOOMINGTON HOTEL, L.L.C.
 
 
  By:   /s/ Thomas J. Baltimore, Jr.    
    Thomas J. Baltimore, Jr.   
    President   
 
  RLJ BRENTWOOD HOTEL, L.L.C.
 
 
  By:   /s/ Thomas J. Baltimore, Jr.    
    Thomas J. Baltimore, Jr.   
    President   
 
  RLJ DALLAS HOTEL LIMITED PARTNERSHIP
By:  RLJ Dallas Hotel Gen-Par, L.L.C.  
 
    General Partner   
 
  By:   /s/ Thomas J. Baltimore, Jr.    
    Thomas J. Baltimore, Jr.   
 
  RLJ FARMINGTON HOTEL, L.L.C.
 
 
  By:   /s/ Thomas J. Baltimore, Jr.    
    Thomas J. Baltimore, Jr.   
    President   
 
  RLJ MAITLAND HOTEL, L.L.C.
 
 
  By:   /s/ Thomas J. Baltimore, Jr.    
    Thomas J. Baltimore, Jr.   
    President   
 
  PURCHASER:

CHATHAM LODGING TRUST
 
 
  By:   /s/ Jeffrey H. Fisher    
    Name:   Jeffrey H. Fisher   
    Title:   Chief Executive Officer   
 

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EXHIBIT “A”
PROPERTIES AND SELLERS
         
PROPERTY        
NUMBER   PROPERTY NAME AND ADDRESS   SELLER
1
  Homewood Suites   RLJ Billerica Hotel, L.L.C.
 
  35 Middlesex Turnpike    
 
  Billerica, Massachusetts 01821    
 
       
2
  Homewood Suites   RLJ Bloomington Hotel, L.L.C.
 
  2261 Killebrew Drive    
 
  Bloomington, Minnesota 55425    
 
       
3
  Homewood Suites   RLJ Brentwood Hotel, L.L.C.
 
  5107 Peter Taylor Park    
 
  Brentwood, Tennessee 37027    
 
       
4
  Homewood Suites   RLJ Dallas Hotel Limited Partnership
 
  2747 North Stemmons Freeway    
 
  Dallas, Texas 75207    
 
       
5
  Homewood Suites   RLJ Farmington Hotel, L.L.C.
 
  2 Farm Glen Boulevard    
 
  Farmington, Connecticut 06032    

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PROPERTY        
NUMBER   PROPERTY NAME AND ADDRESS   SELLER
6
  Homewood Suites   RLJ Maitland Hotel, L.L.C.
 
  290 Southhall Lane    
 
  Maitland, Florida 32751    

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