UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): January 20, 2011 (January19,
2011)
Lightstone
Value Plus Real Estate Investment Trust II, Inc.
(Exact
Name of Registrant as Specified in Charter)
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Maryland
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000-54047
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83-0511223
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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1985
Cedar Bridge Avenue, Suite 1
Lakewood,
New Jersey 08701
(Address,
including zip code, of Principal Executive Offices)
Registrant’s
telephone number, including area code: (732) 367-0129
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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1
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Item
2.01
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Completion
of Acquisition or Disposition of Assets.
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On
January 19, 2011, Lightstone Value Plus Real Estate Investment Trust II, Inc.
(the “Company”), through LVP Metairie, LLC (“LVP Metairie”), a subsidiary of
Lightstone Value Plus REIT II, LP, the Company’s operating partnership,
completed the acquisition of a 125-suite limited service
extended-stay hotel located in Harahan, Louisiana (the “Hotel”) from Citrus
Suites, LLC (the “Seller”). The Hotel, which has immediate access to
the New Orleans Airport, will operate as a “TownePlace Suites” pursuant to a
Relicensing Franchise Agreement (“Franchise Agreement”) with Marriott
International, Inc. (“Marriott”). The Seller is not affiliated with
the Company or its subsidiaries.
The
aggregate purchase price for the Hotel was approximately $12.2 million,
inclusive of closing and other transaction-related
costs. Additionally, in connection with the acquisition, the
Company’s advisor received an acquisition fee equal to 0.95% of the contract
price of $12.0 million, or $114,000. The acquisition was funded with
offering proceeds from the sale of the Company’s common stock.
The
Company has established a taxable subsidiary, LVP Metairie Holding Corp. (“LVP
Metairie Holding”), which has entered into an operating lease agreement for the
Hotel. LVP Metairie Holding has also entered into management
agreement with Trans Inns Management, Inc., an unrelated third party, for the
management of the Hotel, and the Franchise Agreement with Marriott.
The Company does not intend to make significant
renovations or improvements to the Hotel. Management of the
Company believes that the Hotel is adequately insured.
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Item
9.01
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Financial
Statements and Exhibits
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(a) and
(b) Financial
Statements and Pro Forma Financial Information.
The
financial statements that may be required by this item are not being filed
herewith. To the extent financial statements are required by this
item, such financial statements will be filed with the Securities and Exchange
Commission by amendment to this Form 8-K no later than 71 days after the date on which this Form 8-K is required to be
filed.
(c) Shell
Company.
Not
applicable.
(d) Exhibits.
None.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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LIGHTSTONE
VALUE PLUS REAL
ESTATE
INVESTMENT TRUST II, INC.
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Date:
January 20, 2011
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By:
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/s/
Donna Brandin
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Donna
Brandin
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Chief
Financial Officer and Treasurer (Principal Financial and Accounting
Officer)
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