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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ------------------------------------------------------------In re: INNKEEPERS USA TRUST, et al., Debtors.

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X : : Chapter 11 : : Case No. 10-13800 (SCC) : : (Jointly Administered) : X

NOTICE OF FEE STATEMENT OF JEFFERIES & COMPANY, INC. FOR THE PERIOD FROM JULY 30, 2010 THROUGH SEPTEMBER 30, 2010

Name of applicant: Authorized to provide professional services to: Date of retention: Period for which compensation and reimbursement is sought: Amount of compensation sought as actual, reasonable, necessary:

Jefferies & Company, Inc. (Jefferies) The Official Committee of Unsecured Creditors October 1, 2010 (nunc pro tunc to July 30, 2010) July 30, 2010 through September 30, 2010

$258,064.52

Amount of expense reimbursement sought as actual, reasonable, necessary: $2,308.99 This is a(n): Monthly Application

This is Jefferies & Company, Inc.s (Jefferies) first monthly application for compensation and reimbursement of expenses (the Application) as financial advisor to the Official Committee of Unsecured Creditors (the Committee), for the period from July 30, 2010 through and including September 30, 2010

This Application is filed pursuant to the Order Authorizing the Establishment of Procedures for Interim Compensation and Reimbursement of Expenses for Professionals and Official Committee Members, dated August 12, 2010 (the Interim Compensation Order). By this Application, which covers the period from July 30, 2010 through and including September 30, 2010, Jefferies requests compensation for fees of $258,064.52, subject to the 20% holdback required by the Interim Compensation Order, and reimbursement of expenses totaling $2,308.99. Notice of this Application will be provided to: (i) the Debtors, (ii) Counsel to the Debtors, (iii) Counsel to the Official Committee of Unsecured Creditors, (iv) Counsel to Midland Loan Services, Inc., (v) Counsel to Certain Prepetition Lenders (each as defined in the Interim Compensation Order) and (vi) the Office of the United States Trustee for the purpose of reviewing fees and expenses.

Dated:

November 8, 2010 Jefferies & Company, Inc.

/ .w
Leon Szlez nge Managing Director Jefferies & Company, Inc. 520 Madison Avenue, ih Floor New York, NY 10022 Tel: (212) 323-3918

In re Innkeepers USA Trust 10-13800 (SCC) Service List Innkeepers USA Trust 340 Poinciana Way, Suite 306 Palm Beach, Florida 33480 Attn: Mark Murphy Kirkland & Ellis LLP Counsel to the Debtors 601 Lexington Avenue New York, NY 10022 Attn: Jennifer Marines, Esq. Kirkland & Ellis LLP Counsel to the Debtors 300 North LaSalle Street Chicago, IL 60654 Attn: Marc J. Carmel, Esq. Morrison & Foerster LLP Counsel to the Official Committee of Unsecured Creditors 1290 Avenue of the Americas New York, NY 10104 Attn: Jordan Wishnew, Esq. Haynes & Boone, LLP Counsel to Midland Loan Service, Inc. 1221 Avenue of the Americas New York, NY 10020 Attn: Lenard M. Parkins, Esq. and John D. Penn, Esq. Bryan Cave LLP Counsel to Certain Prepetition Lenders 1290 Avenue of the Americas New York, NY 10104 Attn: Lawrence P. Gottesman, Esq. Duane Morris LLP One Market Plaza, Spear Tower, Suite 2200 San Francisco, CA 94105 Attn: Phillip K. Wang, Esq. The Office of the U.S. Trustee 33 Whitehall St., Suite 2100, New York, New York 10044 Attn: Paul Schwartzberg, Esq.

EXHIBIT A

INVOICE

Jefferies & Company, Inc. 520 Madison Avenue 12th Floor New York, NY 10022

Invoice Number: 8189 Invoice Date: 11/5/2010 Reference #: INN04100IB Terms: Immediate Official Committee of Unsecured Creditors of Innkeepers USA Trust, et al. c/o Morrison & Foerster, LLP 1290 Avenue of the Americas New York, NY 10104-0050 Attention: Keith Venezie Co-Chairman

For services rendered in accordance with our engagement letter dated September 8, 2010

Monthly Fee: July 30, 2010 - August 31, 2010 September 1, 2010 - September 30, 2010 (Less 20% Holdback) Total Fee: Expenses: Accommodations Meals Phone/Fax Presentation Services Transportation - Ground Total Out-of-Pocket Expenses

$133,064.52 $125,000.00 ($51,612.90) $206,451.62

$924.48 $366.78 $5.21 $194.00 $818.52 $2,308.99

TOTAL DUE
Payment Details Wire Instructions Bank of New York ABA #021000018 A/C: Jefferies & Company, Inc. A/C: #890-065-2772 Reference: INN04100IB_8189 Innkeepers Check Payment Instructions Jefferies & Company, Inc. 11100 Santa Monica Blvd. 12th Floor Los Angeles, CA 90025

$208,760.61

EXHIBIT B

Jefferies & Company, Inc.


Summary of Hours Worked
July 30, 2010 - September 30, 2010

Name Leon Szlezinger Frank Merola

Position Managing Director, Recapitalization and Restructuring Group Managing Director, Recapitalization and Restructuring Group

Hours Worked 84.5 26.0 119.5 260.0 82.5 247.0 Total 819.5

Alexander Rohan Senior Vice President, Recapitalization and Restructuring Group John D'Amico Sunil Suri Scott Sublett Associate, Recapitalization and Restructuring Group Associate, Generalist Analyst, Recapitalization and Restructuring Group

Other Jefferies professionals who participated but do not keep hours: Justin Despirito Patrick Morrow Legal Counsel Analyst / Paralegal

EXHIBIT C

Jefferies & Company, Inc.


Breakdown of Expenses July 30, 2010 September 30, 2010 Exhibit C

EXPENSES: Accommodations Meals Phone / Fax Presentation Services Transportation Ground TOTAL $924.48 $366.78 $5.21 $194.00 $818.52 $2,308.99

BANKER
FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA ALEXANDER V ROHAN FRANK A. MEROLA FRANK A. MEROLA FRANK A. MEROLA SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT EUGENE CORLEY EUGENE CORLEY SCOTT A. SUBLETT SCOTT A. SUBLETT PATRICK T. MORROW SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT PATRICK T. MORROW SCOTT A. SUBLETT PATRICK T. MORROW PATRICK T. MORROW PATRICK T. MORROW PATRICK T. MORROW SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT NGOZI OKEREKE SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT PATRICK T. MORROW SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT PATRICK T. MORROW SCOTT A. SUBLETT

CATEGORY
Accommodations Accommodations Accommodations Meals Transportation - Ground Accommodations Accommodations Accommodations Accommodations Accommodations Accommodations Meals Meals Transportation - Ground Transportation - Ground Transportation - Ground Phone/Fax Meals Meals Transportation - Ground Presentation Services Presentation Services Transportation - Ground Transportation - Ground Meals Meals Transportation - Ground Meals Transportation - Ground Transportation - Ground Meals Meals Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Meals Presentation Services Transportation - Ground Meals Meals Transportation - Ground Transportation - Ground Meals Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground

DESCRIPTION
Hotel Tip Hotel Room Hotel Tax Meal While Traveling OT Car Service- NYC Hotel Tax Hotel Tip Hotel Room Hotel Room Hotel Tax Hotel Tip Meal While Traveling Meal While Traveling Car Service- Office to CT Train Station OT Car Service- NYC Airport Parking Hotel Phone Charges Overtime Meal Overtime Meal OT Taxi- Office to Home Create/Edit Presentation Create/Edit Presentation OT Taxi- Office to Home OT Taxi- Office to Home (AM) Overtime Meal Overtime Meal OT Taxi- Office to Home Overtime Meal OT Taxi- Office to Home OT Taxi- Office to Home Overtime Meal Overtime Meal OT Taxi- Office to Home OT Taxi- Office to Home Weekend Taxi- Office to Home Weekend Taxi- Home to Office Overtime Meal Create/Edit Presentation OT Taxi- Office to Home Overtime Meal Overtime Meal OT Taxi- Office to Home OT Taxi- Office to Home Overtime Meal OT Taxi- Office to Home OT Taxi- Office to Home Weekend Taxi- Office to Home Weekend Taxi- Home to Office Weekend Taxi- Office to Home OT Taxi- Office to Home OT Taxi- Office to Home OT Taxi- Office to Home

DATE
8/2/2010 8/2/2010 8/2/2010 8/2/2010 8/2/2010 8/3/2010 8/3/2010 8/3/2010 8/4/2010 8/4/2010 8/4/2010 8/4/2010 8/4/2010 8/5/2010 8/5/2010 8/5/2010 8/6/2010 8/8/2010 8/9/2010 8/10/2010 8/11/2010 8/11/2010 8/11/2010 8/11/2010 8/11/2010 8/11/2010 8/12/2010 8/12/2010 8/13/2010 8/13/2010 8/13/2010 8/13/2010 8/14/2010 8/15/2010 8/15/2010 8/15/2010 8/15/2010 8/16/2010 8/16/2010 8/16/2010 8/17/2010 8/18/2010 8/18/2010 8/18/2010 8/19/2010 8/20/2010 8/21/2010 8/22/2010 8/22/2010 8/24/2010 8/25/2010 8/25/2010

AMOUNT
$2.50 $214.50 $33.39 $5.99 $37.98 $33.39 $2.50 $214.50 $214.50 $33.39 $2.50 $70.21 $50.00 $109.40 $34.10 $56.50 $5.21 $17.58 $15.88 $9.10 $52.00 $50.00 $8.70 $9.10 $25.47 $21.76 $20.88 $25.11 $7.00 $8.04 $0.68 $18.41 $9.90 $6.20 $9.43 $8.70 $15.37 $30.00 $8.70 $24.98 $16.36 $9.10 $8.70 $21.41 $9.70 $12.30 $6.12 $9.10 $13.20 $8.37 $12.00 $9.10

BANKER
SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT JOHN D'AMICO SCOTT A. SUBLETT ALEXANDER V ROHAN ALEXANDER V ROHAN JOHN D'AMICO JOHN D'AMICO JOHN D'AMICO SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT SCOTT A. SUBLETT EUGENE CORLEY ALEXANDER V ROHAN ALEXANDER V ROHAN JOHN D'AMICO JOHN D'AMICO ALEXANDER V ROHAN

CATEGORY
Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Transportation - Ground Meals Transportation - Ground Presentation Services Accommodations Accommodations Transportation - Ground Transportation - Ground Meals

DESCRIPTION
OT Taxi- Office to Home (AM) OT Taxi- Office to Home OT Taxi- Office to Home Weekend Taxi- Home to Office (Return) Weekend Taxi- Home to Office Weekend Taxi- Office to Home Weekend Taxi- Home to Office Weekend Taxi- Office to Home OT Taxi- Office to Home OT Taxi- Office to Home Taxi- Court to Office Car Service- Home to Court OT Taxi- Office to Home Taxi- Court to Office Car Service- Court to Office Taxi- Office to Court OT Taxi- Office to Home OT Taxi- Office to Home OT Taxi- Office to Home OT Taxi- Office to Home Overtime Meal OT Taxi- Office to Home Create/Edit Presentation Hotel Room Hotel Tax Taxi- Office to Court OT Taxi- Office to Home Meal While Traveling

DATE
8/26/2010 8/26/2010 8/27/2010 8/28/2010 8/28/2010 8/28/2010 8/29/2010 8/29/2010 8/31/2010 8/31/2010 9/1/2010 9/1/2010 9/1/2010 9/1/2010 9/1/2010 9/1/2010 9/1/2010 9/2/2010 9/5/2010 9/6/2010 9/7/2010 9/7/2010 9/12/2010 9/16/2010 9/16/2010 9/16/2010 9/17/2010 9/20/2010

AMOUNT
$9.50 $5.90 $8.70 $7.70 $15.80 $9.90 $9.80 $9.10 $13.00 $9.20 $21.84 $114.75 $10.70 $25.85 $26.61 $8.35 $8.70 $9.10 $12.30 $9.40 $19.60 $9.20 $62.00 $149.50 $23.81 $11.00 $10.70 $17.97

Total:

$2,308.99

EXHIBIT D

Jefferies & Company, Inc.


July 30, 2010 - September 30, 2010
November 1, 2009 - November 31, 2009 Banker Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Leon Szlezinger Date 8/2/2010 8/3/2010 8/4/2010 8/5/2010 8/6/2010 8/10/2010 8/11/2010 8/12/2010 8/13/2010 8/16/2010 8/17/2010 8/18/2010 8/19/2010 8/24/2010 8/25/2010 8/30/2010 8/31/2010 9/1/2010 9/2/2010 9/6/2010 9/7/2010 9/8/2010 9/13/2010 9/15/2010 9/17/2010 9/20/2010 9/22/2010 9/24/2010 9/27/2010 9/28/2010 9/29/2010 9/30/2010 Hours 1.50 5.00 1.50 1.50 2.00 1.00 3.00 1.50 2.50 1.00 2.50 1.50 1.50 1.00 2.00 1.50 4.00 1.00 3.00 1.00 0.50 1.00 1.00 1.50 3.50 1.50 2.00 6.50 5.00 7.00 8.00 7.50 84.50 Description Internal organizational meeting. Organizational meeting with MoFo. Conference call with Committee. Review of case filings / case information. Review of case filings / case information. Review of equity committee information. Review of equity committee information. Discussion with MoFo. Review of case filings / case information. Preparation for Court hearing. Internal discussion. Review of memo. Conference call with MoFo. Review of equity committee response. Call with Debtors and Debtors' financial advisor. Analysis / review of equity committee information / response. Team meeting re: same. Weekly update call with Committee. Internal discussion. Review of analysis of selected hotel properties. Review of weekly update. Review of DIP analysis. Internal discussions. Conference calls with MoFo. Preparation for Court hearing. Internal discussions re: same. Review materials re: Court hearing. Conference calls with MoFo. Internal discussions. Internal discussion regarding hearing. Conference call with MoFo. Conference call with MoFo. Review of weekly update. Weekly update call with Committee. Internal discussion. Conference call with MoFo. Weekly update call with Committee. Internal discussion. Meeting with Debtors' advisors. Internal discussion. Conference call with MoFo. Weekly update call with Committee. Internal discussion. Conference calls with MoFo. Conference call with Alix Partners. Conference calls with MoFo. Conference calls with Alix Partners. Preparation for court hearing. Conference calls with MoFo. Preparation for court hearing. Review of fee / claims schedules and analyses. Conference calls with MoFo. Preparation for court hearing. Conference call with Alix Partners. Attended court hearing. Internal discussions.

July 30, 2010 - September 30, 2010 Summary Hours for Leon Szlezinger Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola Frank Merola

8/2/2010 8/3/2010 8/4/2010 8/5/2010 8/10/2010 8/12/2010 8/18/2010 8/30/2010 9/1/2010 9/2/2010 9/6/2010 9/8/2010 9/15/2010 9/20/2010 9/22/2010 9/28/2010

1.50 5.00 1.50 0.50 1.00 1.50 1.50 1.50 1.00 2.50 1.00 1.00 1.50 1.50 2.00 1.50 26.00

Internal organizational meeting. Organizational meeting with MoFo. Conference call with Committee. Review of case filings / case information. Review of equity committee information. Discussion with MoFo. Internal discussion. Weekly update call with Committee. Internal discussion. Conference calls with MoFo. Preparation for Court hearing. Internal discussions. Internal discussion regarding hearing. Conference call with MoFo. Conference call with MoFo. Weekly update call with Committee. Internal discussion. Weekly update call with Committee. Internal discussion. Conference call with MoFo. Weekly update call with Committee. Internal discussion. Conference calls with MoFo. Preparation for court hearing. Internal discussions.

July 30, 2010 - September 30, 2010 Summary Hours for Frank Merola Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan Alexander Rohan

8/2/2010 8/3/2010 8/4/2010 8/5/2010 8/6/2010 8/9/2010 8/10/2010 8/11/2010 8/12/2010 8/13/2010 8/16/2010 8/17/2010 8/18/2010 8/19/2010 8/24/2010 8/25/2010 8/27/2010 8/30/2010 8/31/2010 9/1/2010 9/2/2010 9/6/2010 9/7/2010 9/8/2010 9/9/2010 9/13/2010 9/15/2010 9/17/2010 9/20/2010 9/22/2010 9/23/2010 9/24/2010 9/27/2010 9/28/2010 9/29/2010 9/30/2010

1.50 5.00 5.50 3.50 3.00 2.50 4.00 3.00 4.00 3.50 1.50 3.50 1.00 1.50 1.00 3.00 2.50 2.50 4.50 7.50 3.00 1.50 2.50 1.00 0.50 1.50 1.50 3.50 3.50 2.00 8.50 6.50 3.00 4.50 5.00 7.50 119.50

Internal organizational meeting. Organizational meeting with MoFo. Preparation of presentation for Committee call. Review of case filings / case information. Conference call with Committee. Conference call with Chief Restructuring Officer. Review of case filings / case information. Review of case filings / case information. Review of equity committee information. Review of information provided by the Debtors. Review of equity committee information. Discussion with MoFo. Review docket. Internal discussions Review of case filings / case information. Preparation for Court hearing. Internal discussions. Attended Court hearing. Internal discussion. Analysis / review of equity committee information / response. Review of memo. Conference call with MoFo. Analysis / review of equity committee information / response. Review of Committee weekly update presentation. Call with Debtors and Debtors' financial advisor. Analysis / review of equity committee information / response. Team meeting re: same. Weekly update call with Committee. Internal discussion. Review of analysis of selected hotel properties. Review of analysis of selected hotel properties. Review of weekly update. Review of DIP analysis. Internal discussions. Review of Debtors' budget. Conference calls with MoFo. Preparation for Court hearing. Internal discussions re: same. Preparation for Court hearing. Conference calls with MoFo. Review of case filings and general research. Attended court hearing. Internal discussions. Internal discussion regarding hearing. Conference call with MoFo. Conference call with MoFo. Review of Debtors SOFAs. Review of weekly update. Weekly update call with Committee. Internal discussion. Update call with Debtors' financial advisor. Review of weekly update. Conference call with MoFo. Weekly update call with Committee. Internal discussion. Analysis of selected hotel properties. Meeting with Debtors' advisors. Internal discussion. Conference call with MoFo. Diligence call with Moelis. Call to review claims schedule with Alix Partners. Weekly update call with Committee. Internal discussion. Analysis of Debtors' claim schedules. Review of data room information. Preparation / review of professional fee analysis. Diligence call with Debtors' financial advisor. Analysis of claims schedule. Preparation / review of professional fee analysis. Review of franchise agreements. Conference call with MoFo. Conference call with Alix Partners. Review of claims analysis. Conference calls with MoFo. Conference calls with Alix Partners. Conference calls with MoFo. Preparation for court hearing. Review of fee / claims schedules and analyses. Conference calls with MoFo. Preparation for court hearing. Conference call with Alix Partners. Attended court hearing. Internal discussions.

July 30, 2010 - September 30, 2010 Summary Hours for Alexander Rohan

Banker John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico John D'Amico

Date 8/2/2010 8/3/2010 8/4/2010 8/5/2010 8/6/2010 8/8/2010 8/9/2010 8/10/2010 8/11/2010 8/12/2010 8/13/2010 8/15/2010 8/16/2010 8/17/2010 8/18/2010 8/19/2010 8/20/2010 8/22/2010 8/23/2010 8/24/2010 8/25/2010 8/26/2010 8/27/2010 8/29/2010 8/30/2010 8/31/2010 9/1/2010 9/2/2010 9/3/2010 9/6/2010 9/7/2010 9/8/2010 9/9/2010 9/12/2010 9/13/2010 9/15/2010 9/17/2010 9/18/2010 9/19/2010 9/20/2010 9/21/2010 9/22/2010 9/23/2010 9/24/2010 9/25/2010 9/26/2010 9/27/2010 9/28/2010 9/29/2010 9/30/2010

Hours 1.50 8.50 5.00 7.50 7.00 8.50 8.00 8.00 3.50 4.50 5.50 3.50 6.00 7.00 1.50 7.50 5.00 7.50 3.50 6.00 2.00 0.50 4.50 4.50 5.00 11.50 12.00 3.00 4.00 0.50 5.00 1.00 0.50 6.00 4.00 1.50 3.50 3.50 2.50 4.50 7.50 8.50 6.50 11.00 9.00 8.50 6.50 7.50 0.50 260.00

Description Internal organizational meeting. Organizational meeting with MoFo. Preparation of presentation for Committee call. Review of case filings / case information. Conference call with Committee. Conference call with Chief Restructuring Officer. Review of case filings / case information. Review of case filings / case information. Review of case filings / case information. Review of data room information. Review of equity committee information. Review of data room information. Review of equity committee information. Review of data room information and information provided by the Debtors. Review of equity committee information. Discussion with MoFo. Review of case filings / case information. Preparation for Court hearing. Attended Court hearing. Internal discussion. Analysis / review of equity committee information / response. Preparation of memo. Conference call with MoFo. Review of Committee weekly update presentation. Analysis / review of equity committee information / response. Review of Debtors' flash report. Preparation of Committee weekly update presentation. Review of analysis of hotel portfolio. Call with Debtors and Debtors' financial advisor. Analysis / review of equity committee information / response. Weekly update call with Committee. Internal discussion. Review of analysis of selected hotel properties. Review of analysis of selected hotel properties. Review of Debtors' budget and financial model. Review of Debtors' budget and financial model. Review of Debtors' budget and financial model. Review of data room information. Preparation of weekly update. Financial analysis. Preparation of weekly update. Review of DIP analysis. Internal discussions. Follow up call with Committee members. Financial / business plan analysis. Preparation for Court hearing. Review of case filings. Drafted memo / agenda. Conference calls with MoFo. Preparation for Court hearing. Preparation for Court hearing. Conference calls with MoFo. Review of case filings. Attended Court hearing. Internal discussion regarding hearing. Conference call with MoFo. Review of Debtors' filed schedules and SOFA. Conference call with MoFo. Review of Debtors SOFAs. Preparation of weekly update. Weekly update call with Committee. Internal discussion. Update call with Debtors' financial advisor. Preparation of weekly update. Preparation of weekly update. Conference call with MoFo. Weekly update call with Committee. Internal discussion. Analysis of selected hotel properties. Meeting with Debtors' advisors. Internal discussion. Review of SOFA schedules / analysis. Review of claims register. Conference call with MoFo. Diligence call with Moelis. Call to review claims schedule with Alix Partners. Weekly update call with Committee. Analysis of Debtors' claim schedules. Review of data room information. Analysis of Debtors' claim schedules. Review of data room information. Preparation / review of professional fee analysis. Diligence call with Debtors' financial advisor. Analysis of claims schedule. Preparation / review of professional fee analysis. Review of franchise agreements. Conference call with MoFo. Conference call with Alix Partners. Analysis of claims schedule. Review of professional fee analysis. Review of franchise agreements. Conference call with Alix Partners. Review of professional fee analysis. Preparation / review of claims analysis. Review of franchise agreements. Preparation / review of claims analysis. Conference calls with MoFo. Conference calls with Alix Partners. Attended deposition. Conference calls with MoFo. Preparation for court hearing. Review of fee / claims schedules and analyses. Attended deposition. Conference calls with MoFo. Preparation for court hearing. Review of fee / claims schedules and analyses. Conference call with Alix Partners. Internal discussions.

July 30, 2010 - September 30, 2010 Summary Hours for John D'Amico Sunil Suri Sunil Suri Sunil Suri

9/23/2010 9/24/2010

12.00 9.50 12.50 10.50 7.50 11.00 12.00 7.50 82.50 8.50 10.00 4.00 9.00 7.50 9.00 10.00 9.00 7.50 3.00 4.00 4.50 6.50 4.50 9.00 1.50 8.50 5.00 9.00 5.00 7.00 1.50 3.50 6.00 4.00 15.00 10.50 3.00 7.00 4.50

Sunil Suri 9/25/2010 Sunil Suri 9/26/2010 Sunil Suri 9/27/2010 Sunil Suri 9/28/2010 Sunil Suri 9/29/2010 Sunil Suri 9/30/2010 July 30, 2010 - September 30, 2010 Summary Hours for Sunil Suri Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett 8/2/2010 8/3/2010 8/4/2010 8/5/2010 8/5/2010 8/6/2010 8/8/2010 8/9/2010 8/10/2010 8/11/2010 8/12/2010 8/13/2010 8/15/2010 8/16/2010 8/17/2010 8/18/2010 8/19/2010 8/20/2010 8/22/2010 8/23/2010 8/24/2010 8/25/2010 8/27/2010 8/29/2010 8/30/2010 8/31/2010 9/1/2010 9/2/2010 9/3/2010 9/6/2010

Analysis of Debtors' claim schedules. Review of data room information. Preparation / review of professional fee analysis. Diligence call with Debtors' financial advisor. Analysis of claims schedule. Preparation / review of professional fee analysis. Review of franchise agreements. Conference call with MoFo. Conference call with Alix Partners. Analysis of claims schedule. Review of professional fee analysis. Analysis of franchise agreements. Review of professional fee analysis. Preparation / review of claims analysis. Analysis of franchise agreements. Claims analysis. Review of court filings. Preparation for court hearing. Preparation for court hearing. Analysis of fee / claims schedules. Preparation for court hearing. Analysis of fee / claims schedules. Attended court hearing. Internal discussions.

Internal kick-off meeting. Preparation of working group list. General case administration. Kick-off meeting with counsel. Preparation of weekly update materials for Committee call. General case administration. Weekly update call with Committee. Review of case documents. Review of case documents. General case administration. Review of case filings / case information. General case administration. Analysis of data room information. Analysis of data room information and information provided by the Debtors. Analysis of data room information. Review of equity committee information. Review of case filings / case information. Preparation for Court hearing. Attended Court hearing. Internal discussion. Analysis / review of equity committee information / response. Preparation of Committee weekly update presentation. Review of Debtors' flash report. Analysis of Debtors' cash flow schedules. Preparation of Committee weekly update presentation. Analysis of hotel portfolio. Weekly update call with Committee. Analysis of selected hotel properties. Summary analysis of selected hotel properties / growth assumptions. Review of Debtors' budget and financial model. Analysis of Debtors' projections. Financial analysis. Analysis of Debtors' budget and financial model. Review of data room information. Preparation of weekly update. Preparation of DIP analysis. Financial analysis. Preparation of weekly update. Preparation of DIP analysis. Internal discussion. Financial / business plan analysis. Preparation for Court hearing. Review of case filings. General case administration. Preparation for Court hearing. Preparation for Court hearing. Conference calls with MoFo. Review of case filings. Attended Court hearing. Internal discussion regarding hearing. Conference call with MoFo. Analysis of Debtors' filed schedules and SOFA. Analysis of Debtors SOFAs and claims schedules.

Banker Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett Scott Sublett

Date 9/7/2010 9/8/2010 9/9/2010 9/12/2010 9/13/2010 9/14/2010 9/15/2010

Hours 7.50 1.00 0.50 7.50 4.50 4.00 2.50 3.50 6.50 7.00 5.50 247.00

Scott Sublett 9/17/2010 Scott Sublett 9/18/2010 Scott Sublett 9/19/2010 Scott Sublett 9/20/2010 July 30, 2010 - September 30, 2010 Summary Hours for Scott Sublett

Description Preparation of weekly update. Weekly update call with Committee. Internal discussion. Update call with Debtors' financial advisor. Preparation of weekly update. Preparation of weekly update. Conference call with MoFo. Attended hearing. Weekly update call with Committee. Internal discussion. Analysis of selected hotel properties. General case administration. Meeting with Debtors' advisors. Internal discussion. Analysis of SOFA schedules / claims. Review of claims register. Diligence call with Moelis.