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Growth Hotel Investors
One Insignia Financial Plaza
P.O. Box 2347
Greenville, S.C. 29602
May 30, 1997
Dear Unit Holder:
You have recently received from us a Proxy Statement concerning the sale by
Growth Hotel Investors (the "Partnership") of all of its hotel properties to
Equity Inns Partnership, L.P.
Because of a typographical error in the cover letter accompanying the Proxy
Statement, some confusion may exist as to the anticipated distribution to be
received by each Unit Holder upon consummation of the sale. THIS WILL CONFIRM
THAT THE GENERAL PARTNER INTENDS TO DISTRIBUTE TO THE UNIT HOLDERS AN
AGGREGATE OF APPROXIMATELY $1,032 PER UNIT FOLLOWING THE CLOSING OF THE SALE
AND, UPON THE LIQUIDATION AND DISSOLUTION OF THE PARTNERSHIP, TO MAKE A FINAL
DISTRIBUTION OF APPROXIMATELY $43 PER UNIT.
Because the sale requires the vote of a majority of the outstanding Units in the
Partnership, YOUR VOTE IS VERY IMPORTANT. PLEASE RETURN YOUR SIGNED PROXY AS
SOON AS POSSIBLE.
Very truly yours,
MONTGOMERY REALTY COMPANY - 85
General Partner
