OF LEASE AGREEMENT

 

                                                                   EXHIBIT 10.20

                           ASSIGNMENT AND ASSUMPTION
                               OF LEASE AGREEMENT

                         (SUPER 8 ROCK FALLS, ILLINOIS)

STATE OF ILLINOIS      )
                       )
COUNTY OF WHITESIDE    )

                 THIS ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT (Super 8
Rock Falls, Illinois)  (this "Assignment") is executed and delivered as of this
13 day of September, 1996 by Host Funding, Inc., a Maryland corporation
("Assignor"), to CrossHost, Inc. a Maryland corporation ("Assignee"), whose
mailing address is 14800 Quorum Drive, Suite 510, Dallas, Texas 75240.

                 THIS ASSIGNMENT IS EXECUTED AND DELIVERED BY ASSIGNOR AND
ASSIGNEE on the basis of the following facts, intentions and understandings:

                 Assignor is the "Lessor" pursuant to that certain Lease
Agreement (Super 8 Rock Falls, Illinois) (as same has thereafter been amended,
as set forth herein below, the "Lease"), dated March 29, 1996, by and between
Assignor, as "Lessor", and Crossroads Hospital Tenant Company, L.L.C., a
Delaware limited liability company ("Crossroads"), as "Lessee", and covering
the "Leased Property" more particularly described therein and known as the
Super 8 Motel, Rock Falls, Illinois  (the "Property").  The Lease has been
amended pursuant to that certain First Amendment to Lease Agreement (the "First
Lease Amendment"), dated effective October 1, 1996, and by and between Assignor
and Crossroads.

                 Assignor desires to assign all of its right, title and
interest as "Lessor" in, to and under the Lease to Assignee on the following
terms and conditions.

                 NOW, THEREFORE, IN CONSIDERATION of the premises and other
good and valuable consideration, the receipt and sufficiency of which is herein
acknowledged and confessed, Assignor and Assignee hereby agree as follows:

         1.      Assignment and Conveyance. Assignor hereby assigns and
transfers to Assignee all of Assignor's right, title and interest as "Lessor"
in, to and under the Lease.

         2.      Assumption.  Assignee hereby accepts such assignment and
assumes all obligations of the "Lessor" under the Lease arising from and after
the date hereof.

         3.      Representations and Warranties.  Assignor represents and
warrants that (a) the Lease is in full force and effect, (b) the Lease, as
amended by the First Lease Amendment, is the entire agreement between Assignor
and Crossroads pertaining to the Property, (c) except for the First Lease
Amendment, there are no amendments, modifications, supplements, arrangements,
side letters or understandings, oral or written of any sort, modifying,
amending, altering, supplementing or changing the terms of the Lease, and (d)
all obligations of Assignor, as "Lessor," and Crossroads, as "Lessee," under
the Lease have been performed, and no event has occurred and no condition
exists that, with the giving of notice or lapse of time or both, would
constitute a default by either of said parties under the Lease.

         4.      Indemnity. Assignor shall indemnify, defend by counsel
acceptable to Assignee, and hold harmless Assignee for, from and against any
and all claims, loss, cost, liability and expense (including, without
limitation, reasonable attorneys' fees and costs) arising out of or in
connection with the Lease from events which occurred before the date hereof.
Assignee shall indemnify, defend by counsel acceptable to Assignor, and hold
harmless Assignor for, from and against any and all claims, loss, cost,
liability and expense (including, without limitation, reasonable attorneys'
fees and costs) arising out of or in connection with the Lease from events
which occur on or after the date hereof.

         5.      Successors and Assigns. All of the terms, covenants and
conditions set forth herein shall be binding upon and inure to the benefit of
Assignor and Assignee and their successors and assigns.

         IN WITNESS WHEREOF, Assignor and Assignee have executed this
Assignment the day and year first above written.

                                        "Assignor"

                                        HOST FUNDING, INC.,
                                        a Maryland corporation

                                                                   *
                                        By:  /s/ MICHAEL S. MCNULTY
                                           -----------------------------------
                                           Michael S. McNulty, President

                                        "Assignee"
                           
                                        CROSSHOST, INC. a Maryland corporation

                                                                   *
                                        By:  /s/ MICHAEL S. MCNULTY
                                           -----------------------------------
                                           Michael S. McNulty, President

APPROVED AND CONSENTED TO
this 13 day of September 1996

CROSSROADS HOSPITALITY TENANT COMPANY, L.L.C.,
a Delaware limited liability company

                          *
By:  /s/ KEVIN P. KILKEARY
    -------------------------------
     Kevin P. Kilkeary, President

*
  Identical agreements executed for each of the Transferred Properties.

STATE OF TEXAS            )
                          )
COUNTY OF DALLAS          )

                 The foregoing instrument was acknowledged before me this 11 day
of September, 1996, by Michael S.  McNulty, President of Host Funding, Inc., a 
Maryland corporation, on behalf of the corporation.

                                         /s/ BECKY ETTER
                                        -------------------------
                                        Notary Public

My commission expires:

 September 29, 1996
- -------------------------------

STATE OF TEXAS            )
                          )
COUNTY OF DALLAS          )

                 The foregoing instrument was acknowledged before me this 11
day of September, 1996, by Michael S.  McNulty, President of CrossHost, Inc., a
Maryland corporation, on behalf of the corporation.

                                        
                                         /s/ BECKY ETTER
                                        -------------------------        
                                        Notary Public         

My commission expires:

 September 29, 1996
- -------------------------------

 

Basic Info X:

Name: OF LEASE AGREEMENT
Type: Lease
Date: Sept. 30, 1996
Company: HOST FUNDING INC
State:

Other info:

Date:

  • March 29 , 1996
  • October 1 , 1996
  • September 1996
  • this 11 day of September , 1996
  • September 29 , 1996

Organization:

  • Crossroads Hospital Tenant Company , L.L.C.
  • First Lease Amendment
  • Host Funding , Inc.
  • CrossHost , Inc.

Location:

  • Illinois
  • Delaware
  • TEXAS
  • DALLAS
  • Maryland

Person:

  • WHITESIDE
  • Kevin P. Kilkeary
  • Michael S. McNulty
  • BECKY ETTER