Business Related to Hotel Lease

Sale of business related to property located at 1629 Griffith Park Boulevard, Los Angeles, CA. The Property of the Estate includes a leasehold interest in certain real property located at 1629 Griffith Park Blvd., Los Angeles (the “1629 Project”). The interest consists of a long term development style lease which includes a development stage and a 40 year operating stage. Through substantial efforts by the seller over a period of years and at great expense, the property, currently an ecclesiastical structure, has been entitled so as to permit the construction of a boutique hotel.