EXHIBIT 99.5 INVESTMENT OPTION AGREEMENT --------------------------- INVESTMENT OPTION AGREEMENT (this "Agreement"), dated as of February 24, 1999 among CNL Hospitality Partners, LP, a Delaware limited partnership ("Hospitality Partners"), CNL Group,...Investment Option Agreement • June 18th, 1999 • Five Arrows Realty Securities L L C • Lessors of real property, nec • New York
EXHIBIT 99.5 INVESTMENT OPTION AGREEMENT --------------------------- INVESTMENT OPTION AGREEMENT (this "Agreement"), dated as of February 24, 1999 among CNL Hospitality Partners, LP, a Delaware limited partnership ("Hospitality Partners"), CNL Group,...Investment Option Agreement • March 5th, 1999 • Five Arrows Realty Securities L L C • Lessors of real property, nec • New York