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Hampton Inn Offering Memorandum Amendment

Date of original OM: October 28, 2010 Amendment Date: December 21, 2010 Prestige Capital is pleased to announce that the full investment redemption date originally set for July 1, 2020 has been changed to July…

Date of original OM: October 28, 2010
Amendment Date: December 21, 2010

Prestige Capital is pleased to announce that the full investment redemption date originally set for July 1, 2020 has been changed to July 1, 2017. This change will allow investors who are looking to redeem 100% of their investment, to do so at an earlier date.

  • Summary of Hampton Inn offering exit strategies: Unlimited redemption of preferred shares in 2017 (investors’ option).
  • In 2014, investors have option to partake in ownership of hotel by converting their preferred shares to common class A shares.
  • Between 2014 – 2016 investors can redeem $300,000 annually (investors’ option).
  • At any time, principals may repurchase preferred shares from investors, or refinance/sell the asset.
  • Hardship clause for investors to redeem principal investment at anytime (discretion of the board).

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