Exhibit (a)(4)






October 5, 2006


TO:           BAC HOLDERS OF CRI HOTEL PARTNERS, LP.

SUBJECT:      EXTENDED OFFER TO PURCHASE UNITS

Dear BAC Holder:

We are amending the Offer to Purchase and related Letters of Transmittal sent to
you on August 30, 2006, (the "Offer"), which was made by the Purchasers
identified in the Offer. The Purchasers are offering to purchase ANY AND ALL
Units of limited partnership interest (the "Units") in CRI HOTEL INCOME PARTNERS
LP (the "Partnership"), not already owned by them for:

                                   $10 per BAC
                                   -----------

BAC holders are urged to consider the following factors:

     o    The Offer will  provide BAC holders with an  opportunity  to liquidate
          their investment  without the usual  transaction costs associated with
          market sales.  BAC holders may have a more  immediate  need to use the
          cash  now  tied up in an  investment  in the BACs and may wish to sell
          them to the Purchasers.

     o    The Offer is the highest known  secondary offer price available to BAC
          Holders.

The Purchasers are amending the Offer by extending the Expiration Date to
October 18, 2006. You can view the Offer materials as amended on our website at
www.mpfi.com (Click on MPF Tenders) or by calling us at the number below. After
carefully reading the Offer as amended, if you elect to tender your BACs, mail
(using the enclosed pre-addressed, postage paid envelope) or fax (then mail) a
duly completed and executed copy of the Letter of Transmittal (printed on pink
paper) and change of address forms, and any other documents required by the
Letter of Transmittal, to the Depositary for the Offer at the address on this
letterhead or via facsimile at (925) 631-9119.

If you have any questions or need assistance, please call the Depository at
800-854-8357.