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OFFER DATE ANNOUNCEMENT | OCTOBER 28, 2011 |
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Investment Contacts |
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Henry E. Bose, Jr
Senior Vice President
California Lic. 01512190
415.772.0261
henry.bose@cbre.com
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Mark H. McDermott
Senior Vice President
California Lic. 01414429
415.772.0186
mark.h.mcdermott@cbre.com
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Thank you for your continued interest in the Crowne Plaza SFO.
OFFER DATE ANNOUNCEMENT: October 28, 2011. CBRE Hotels, on behalf of the owner, CRP BAHP SFO, LLC, requests that offers to purchase the hotel be submitted no later than 5:00 PM, Pacific Daylight Time, on Friday, October 28, 2011. Proposals should be sent to, and received by, CBRE Hotels via email or fax: CBRE Hotels, c/o Mr. Mark McDermott and Henry Bose, fax (415) 772-0459, email mark.h.mcdermott@cbre.com or henry.bose@cbre.com.
Prior to submission of your Letter of Intent (LOI), prospective buyers should have executed a Confidentiality Agreement, reviewed the available due diligence information, and completed a formal tour of the asset with CBRE Hotels. Property tours are currently ongoing and should be arranged directly through CBRE Hotels.
Points to be addressed in your LOI and by which offers will be evaluated are as follows:
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Purchase price and form of consideration offered for the acquisition;
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Due diligence period and closing period, along with the deposit(s), terms and conditions associated with those periods;
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Allocation of closing costs between buyer and seller;
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Sources of capital (debt and equity) for the acquisition;
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General information about the prospective purchasing entity; and
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Details of any other conditions, including the approval process (if any), required by the buyer.
All offers received will be confirmed by CBRE Hotels via e-mail or phone. If you do not receive a timely confirmation, please contact us as soon as possible. The Owner shall have no obligation to accept any offer, whether or not such offer represents the highest proposed consideration.
Please contact either of us if we can be of assistance in any way. We would welcome the opportunity to work with you on a transaction of the Crowne Plaza CFO.
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Download the Offering Memorandum
For more information & to execute the Confidentiality Agreement for the Crowne Plaza San Francisco International Airport
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