Objection Deadline: October 18, 2010 at 4:00 p.m.

(EST) MORRISON & FOERSTER LLP 1290 Avenue of the Americas New York, New York 10104 Telephone: (212) 468-8000 Facsimile: (212) 468-7900 Brett H. Miller Lorenzo Marinuzzi Jordan A. Wishnew Attorneys for the Official Committee of Unsecured Creditors of Innkeepers USA Trust, et al. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re Innkeepers USA Trust, et al., Debtors. ) ) ) ) ) ) ) Chapter 11 10-13800 (SCC) Jointly Administered

MONTHLY APPLICATION OF MORRISON & FOERSTER LLP FOR COMPENSATION FOR SERVICES AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS FOR THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM JULY 28, 2010 THROUGH AUGUST 31, 2010

Name of Applicant:

Morrison & Foerster LLP

Authorized to Provide Professional Services to: The Official Committee of Unsecured Creditors of Innkeepers USA Trust, et al. Date of Retention: Order entered on September 1, 2010 retaining Morrison & Foerster LLP, nunc pro tunc to July 28, 2010 July 28, 2010 through August 31, 2010

Period for which compensation and reimbursement is sought: Amount of Compensation sought as actual and necessary: Amount of Expense Reimbursement sought as actual and necessary:

$562,982.50

$6,369.85

ny-940406

This is Morrison & Foersters first monthly application for compensation (the Application) filed pursuant to the Order Authorizing the Establishment of Procedures for Interim Compensation and Reimbursement of Expenses for Professionals and Official Committee Members [Docket No. 189] (the Interim Compensation Order). Morrison & Foerster requests: (a) payment of compensation in the amount of $562,982.50 (80% of which is $450,386.00 on account of actual and necessary professional services rendered to the Official Committee of Unsecured Creditors to the above-captioned debtors (the Committee) by Morrison & Foerster); and (b) reimbursement of actual and necessary costs and expenses in the amount of $6,369.85 incurred by Morrison & Foerster during the period July 28, 2010 through August 31, 2010 (the Fee Period). The Morrison & Foerster attorneys and paraprofessionals who rendered services in the above-captioned chapter 11 cases (the Chapter 11 Cases) during the Fee Period are:
Name of Professional Individual Partners Stefan W. Engelhardt Lorenzo Marinuzzi Department and Licensure Hourly Billing Rate $745 $750 Total Hours Billed 29.50 143.40 Total Compensation $21,977.50 $107,550.00

Department: Licensure: Department: Licensure:

Brett H. Miller Larren M. Nashelsky

Jeffrey J. Temple

Litigation NY (1990) Bankruptcy NY (1997) NJ (1996) Department: Bankruptcy Licensure: NY (1992) Department: Bankruptcy Licensure: NY (1992) CT (1991) Department: Real Estate Licensure: NY (1985)

$875 $900

36.80 11.00

$32,200.00 $9,900.00

$795

43.60

$34,662.00

Associates and Of Counsel Naja R. Armstrong Department: Real Estate Licensure: NY (2009) David Capucilli Department: Bankruptcy Licensure: NY (2005) Renee L. Freimuth Department: Bankruptcy Licensure: CT (2004) NY (2005)

$430 $610 $590

20.90 42.40 43.30

$8,987.00 $25,864.00 $25,547.00

ny-940406

Paul A. Galante Stephen P. Koshgerian Thomas P. McGovern Stacy L. Molison Eileen A. Pizzurro Diana L. Quarry Erica J. Richards Jordan A. Wishnew

Department: Litigation Licensure: NY (2002) Department: Bankruptcy Licensure: NY (2009) Department: Real Estate Licensure: NY (2005) Department: Bankruptcy Licensure: NY (2009) Department: Litigation Licensure: NY (2006) Department: Real Estate Licensure: NY (2009) Department: Bankruptcy Licensure: NY (2007) Department: Bankruptcy Licensure: NJ (2002) NY (2003) Department: Department: Bankruptcy Bankruptcy

$650 $370 $610 $430 $560 $430 $490 $625

114.10 42.90 14.20 134.20 19.10 30.70 84.60 97.90

$74,165.00 $15,873.00 $8,662.00 $57,706.00 $10,696.00 $13,201.00 $41,454.00 $61,187.50

Paraprofessionals Laura Guido Douglas Keeton

Professionals Totals Total Fees Incurred

$230 $195
Blended Rate $582.01

54.40 4.30
Total Hours Billed 967.30

$12,512.00 $838.50
Total Compensation $562,982.50

Compensation by Matter
Task Code 001 002 003 004 005 006 007 008 009 010 011 012 Matter Description Asset Analysis and Recovery Asset Disposition/Sales Business Operations and Advice Case Administration Claims Administration and Objections Other Motions and Applications Fee/Employment Applications Fee/Employment Objections Financing Meetings of Creditors Plan and Disclosure Statement Relief from Stay Proceedings Total Billed Hours 4.50 0.50 25.70 91.70 0.60 383.50 25.80 2.20 93.90 39.50 79.20 1.50 Total Compensation $3,350.00 $375.00 $17,519.50 $51,180.00 $450.00 $224,102.50 $11,232.50 $1,340.00 $47,768.50 $27,186.00 $50,211.50 $892.00

ny-940406

013 016 017 019 022 023 Totals

Hearings Communication with Creditors Lease/Real Estate Analysis First Day Motions and Hearings 2007 Trasnx. Invest. Prepetition Lien Review

65.30 17.90 110.90 20.50 3.40 0.70 967.30

$36,179.00 $11,232.00 $66,325.00 $10,985.00 $2,216.50 $437.50 $562,982.50

Expense Summary Category of Expenses Postage Photocopies Long Distance Telephone Color Copies Document Preparation Travel Online Research LEXIS Online Research WESTLAW Air Freight Messenger Service Meals TOTAL Amount $52.90 $320.50 $46.09 $141.40 $862.50 $66.00 $2,956.10 $1,706.39 $83.96 $32.00 $102.01 $6,369.85

ny-940406

Notice Morrison & Foerster provided notice of this Application to: (a) the Debtors; (b) counsel to the Debtors; (c) the Office of the United States Trustee for the Southern District of New York; (d) counsel to Midland Loan Services, Inc.; and (e) counsel to Certain Prepetition Lenders (each as defined in the Interim Compensation Order). In light of the nature of the relief requested, Morrison & Foerster respectfully submits that no further notice is necessary. WHEREFORE, pursuant to the Interim Compensation Order, Morrison & Foerster requests: (a) payment of compensation in the amount of $562,982.50 (80% of which is $450,386.00 of fees on account of actual and necessary professional services rendered to the Committee by Morrison & Foerster); and (b) reimbursement of actual and necessary costs and expenses in the amount of $6,369.85. Dated: September 27, 2010 New York, New York /s/ Lorenzo Marinuzzi Brett Miller, Esq. Lorenzo Marinuzzi, Esq. Jordan A. Wishnew, Esq. MORRISON & FOERSTER LLP 1290 Avenue of the Americas New York, New York 10104 Telephone: (212) 468-8000 Facsimile: (212) 468-7900 Attorney for the Official Committee of Unsecured Creditors of Innkeepers USA Trust, et al.

ny-940406

FILE NO. 72497 P.O. BOX 60000 SAN FRANCISCO CALIFORNIA 94160-2497 TELEPHONE: 415.268.7000 FACSIMILE: 415.268.7522 WWW.MOFO.COM

M O R R I SO N

&

F O E R ST E R L L P

N E W YO R K , SA N F R A N C I SC O , L O S A N G E L E S, P A L O A L T O , SA N D I E G O , WA SH I N G T O N , D . C . D E N V E R , N O R T H E R N V I R G I N I A, SA C R A ME N T O , WA L N U T C R E E K , T O K YO , L O N D O N , B E I JI N G , SH A N G H A I , H O N G K O N G , B R U SSE L S

Innkeepers USA Trust 340 Royal Poinciana Way Suite 306 Palm Beach, FL 33480 Attention: Mark Murphy

Taxpayer ID # Invoice Number: 4962153 Invoice Date: September 24, 2010 Client/Matter Number: 066923-0000001

Matter Name: RESTRUCTURING

Client Contact: RE:

Mark Murphy

RESTRUCTURING

For Professional Services Rendered and Disbursements Incurred through August 31, 2010

Current Fees Current Disbursements Total This Invoice

U.S.Dollars 562,982.50 6,369.85 569,352.35

Payment may be made by Electronic Funds transfer to the firms account ACH (preferred method of payment): Bank of America Main Branch San Francisco, CA 94104 Wire: Bank of America Main Branch San Francisco, CA 94104 Account # 1499401830 - ABA Routing # 026009593

066923-0000001 RESTRUCTURING

Invoice Number: 4962153 Invoice Date: September 24, 2010

Time Detail
Date Services Timekeeper Hours Value

ASSET ANALYSIS AND RECOVERY 04-Aug-2010 Review proxy materials for original Apollo transaction and financings (1.2); correspondence with Jefferies on fraudulent conveyance issues (.4). Marinuzzi, Lorenzo 1.60 1,200.00

05-Aug-2010 16-Aug-2010

Review Jefferies' summary of discussions with company. Wishnew, Jordan A. Telephone call with J. Penn (Midland) regarding document production (.3); review materials on plan valuation (.5); review and revise Rule 2004 papers and review strategy and timing (1.9) ASSET ANALYSIS AND RECOVERY Marinuzzi, Lorenzo

0.20 2.70

125.00 2,025.00

Total: 001

4.50

3,350.00

ASSET DISPOSITION/SALES 30-Jul-2010 Total: 002 Telephone call with Lonestar Funds representative regarding possible interest in Innkeepers properties. ASSET DISPOSITION/SALES Marinuzzi, Lorenzo 0.50 0.50 375.00 375.00

BUSINESS OPERATIONS AND ADVICE 29-Jul-2010 Review pitch materials of Jefferies (.6); review same for BDO (.5); review same for Chanin (.6); review same for Capstone (.7). Marinuzzi, Lorenzo 2.40 1,800.00

29-Jul-2010 30-Jul-2010 30-Jul-2010 31-Jul-2010 02-Aug-2010 02-Aug-2010 02-Aug-2010 03-Aug-2010

Review terms of comparable engagements of debtor-side Richards, Erica J. financial advisors. Discussions with financial advisor candidates regarding status and coordination of interviews. Participate in Creditors' Committee interviews of potential Financial Advisors. Correspondence with Jefferies regarding kick-off meeting and immediate issues to address. Review utility provider questions with J. Marines (K&E). Review hotel management agreements. Review Island Hospitality Management Agreement. Marinuzzi, Lorenzo Wishnew, Jordan A. Marinuzzi, Lorenzo Marinuzzi, Lorenzo Marinuzzi, Lorenzo Wishnew, Jordan A.

1.00 0.70 2.00 0.50 0.40 0.90 0.40 5.40

490.00 525.00 1,250.00 375.00 300.00 675.00 250.00 4,023.00

Review background documentation regarding facilities in Engelhardt, Stefan W. preparation for financial advisor meeting (3.0); meeting with financial advisors regarding strategy and financial issues (2.0); review draft confidentiality order (.4). Attend portion of meeting with Jefferies. Review Hotel Management Agreements. Meeting with Creditors' Committee financial advisors concerning case strategy. Richards, Erica J. Wishnew, Jordan A. Wishnew, Jordan A.

03-Aug-2010 03-Aug-2010 03-Aug-2010

1.70 0.30 2.00

833.00 187.50 1,250.00

066923-0000001 RESTRUCTURING Date 05-Aug-2010 08-Aug-2010 10-Aug-2010 11-Aug-2010 23-Aug-2010 27-Aug-2010 Total: 003 Services Review with Jefferies results of meeting with management on case background. Review documents provided by D. Craven. Meeting with Jefferies to discuss the Debtors' operations and data received pursuant to due diligence requests. Review, analyze and summarize franchise agreements. Review and discuss with Jefferies the review of operations and relationship to plan feasibility. Review Jefferies' Creditors' Committee update. BUSINESS OPERATIONS AND ADVICE

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Marinuzzi, Lorenzo Wishnew, Jordan A. Miller, Brett H. Molison, Stacy L. Miller, Brett H. Marinuzzi, Lorenzo Hours 0.70 0.30 2.40 2.70 1.30 0.60 25.70 Value 525.00 187.50 2,100.00 1,161.00 1,137.50 450.00 17,519.50

CASE ADMINISTRATION 28-Jul-2010 28-Jul-2010 28-Jul-2010 Prepare notice of appearance. Docket updates. Correspondence with, and discussions with, Debtors regarding obtaining necessary documents and case posture (1.5); team meeting with J. Wishnew, E. Richards and S. Molison regarding assignments (1.0). Confer with J. Wishnew regarding next steps with respect to Committee representation (.2); confer with E. Richards regarding same and completing conflicts check (.2); team meeting with L. Marinuzzi, E. Richards and J. Wishnew regarding work allocation (1.0). Confer with L. Marinuzzi, J. Wishnew, and S. Molison regarding allocation of workload (1.0); locate and circulate exemplars for relevant documents (.6); confer with S. Molison regarding conflicts and team workload (.2). Guido, Laura Keeton, Douglas Marinuzzi, Lorenzo 0.50 1.40 2.50 115.00 273.00 1,875.00

28-Jul-2010

Molison, Stacy L.

1.40

602.00

28-Jul-2010

Richards, Erica J.

1.80

882.00

28-Jul-2010

Revise notice of appearance (.2); e-mail to potential Wishnew, Jordan A. Financial Advisors requesting pitchbook materials for Creditors' Committee consideration (.2); conference with S. Molison regarding next steps (.2); conference with L. Marinuzzi, S. Molison and E. Richards regarding team assignments (1.0). Revise notice of appearance and electronically file same (.5); prepare chart of pending matters and assignments (.5); confer with S. Molison regarding same (.2). Docket update. Telephone calls from claims and noticing agents regarding maintaining Creditors' Committee website. Review request for equity committee (.7); discussion with P. Schwartzberg regarding same (.3). Guido, Laura

1.60

1,000.00

29-Jul-2010

1.20

276.00

29-Jul-2010 29-Jul-2010 29-Jul-2010

Keeton, Douglas Marinuzzi, Lorenzo Marinuzzi, Lorenzo

0.20 0.50 1.00

39.00 375.00 750.00

066923-0000001 RESTRUCTURING Date 29-Jul-2010 29-Jul-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 5.50 1.60 Value 4,812.50 688.00

Review and discussions regarding Creditiors' Committee Miller, Brett H. materials and upcoming motions/hearings. Confer with J. Wishnew regarding creation of roster (.2); Molison, Stacy L. gather information with respect to same and task out same (.4); confer with L. Guido regarding chart tracking open matters (.2); review and revise roster (.8). Confer with S. Molison regarding by-laws. Review preliminary conflict reports (.3); review Equity Holders' request for official equity committee (.3); assist S. Molison with preparation of Creditors' Committee roster (.2); coordinate interviews for Creditors' Committee's financial advisor (2.1). Docket update. Telephone call with J. Marines (K&E) regarding response to US Trustee on equity committee request. Draft Creditors' Committee by-laws (1.5); draft reimbursement request form (.3); draft confidentiality agreement (2.8). Richards, Erica J. Wishnew, Jordan A.

29-Jul-2010 29-Jul-2010

0.70 2.90

343.00 1,812.50

30-Jul-2010 30-Jul-2010 30-Jul-2010

Guido, Laura Marinuzzi, Lorenzo Richards, Erica J.

0.20 0.80 4.60

46.00 600.00 2,254.00

30-Jul-2010

Review Creditors' Committee website (.2); speak with Wishnew, Jordan A. Omni personnel and revise introductory narrative (.3); review and revise Creditors' Committee roster, Creditors' Committee by-laws, expense reimbursement form, Confidentiality Agreement. Review and revise by-laws for Creditors' Committee distribution (.7); review and revise proposed confidentiality agreement with Debtors (1). Prepare update for Creditors' Committee on process. Marinuzzi, Lorenzo

3.80

2,375.00

31-Jul-2010

1.70

1,275.00

31-Jul-2010 31-Jul-2010

Molison, Stacy L.

0.50 1.10

215.00 687.50

Review request for official equity committee (.4); review Wishnew, Jordan A. and revise Creditors' Committee by-laws, committee roster and Confidentiality agreement and forward same to Creditors' Committee and Debtors' counsel (.7). Update Creditors' Committee workplan. Docket update. Attention to request to appoint equity committee, response preparation. Draft response to request for appointment of equity committee. Wishnew, Jordan A. Guido, Laura Marinuzzi, Lorenzo Richards, Erica J.

01-Aug-2010 02-Aug-2010 02-Aug-2010 02-Aug-2010 02-Aug-2010

0.30 0.10 0.70 0.70 1.00

187.50 23.00 525.00 343.00 625.00

Prepare form questionnaire for Creditors' Committee Wishnew, Jordan A. members (.4); review equity committee request letter and assist E. Richards with draft (.3); review committee member correspondence (.1); confer with Jefferies about participating in Moelis-FTI discussion conerning property improvement programs (.2).

066923-0000001 RESTRUCTURING Date 03-Aug-2010 Services Docket update (.1); review local rules and case management order for service and filing requirements (.2).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Guido, Laura Hours 0.30 Value 69.00

03-Aug-2010

Meet with Jefferies to review first day pleadings and case Marinuzzi, Lorenzo strategy (2.0); review latest response on request to form equity committee (.2); correspondence to team regarding outcome (.2). Review correspondence (various) regarding discovery issues. Docket update. Review and revise by-laws (.9); update Creditors' Committee roster (.1). Revise Creditors' Committee by-laws. Docket update (.1); review docket and prepare and distribute case calendar (2.0). Review matters for 8/12 hearing and Creditors' Committee positions regarding scheduled matters. Engelhardt, Stefan W. Guido, Laura Richards, Erica J. Wishnew, Jordan A. Guido, Laura Marinuzzi, Lorenzo

2.40

1,800.00

04-Aug-2010 04-Aug-2010 04-Aug-2010 04-Aug-2010 05-Aug-2010 05-Aug-2010 05-Aug-2010

0.50 0.10 1.00 0.20 2.10 0.60 1.00

372.50 23.00 490.00 125.00 483.00 450.00 490.00

Revise Creditors' Committee by-laws (.4); draft response Richards, Erica J. to request to US Trustee to appoint an equity committee (.6). Docket and calendar updates. Review response regarding equity committee (.5), discuss same with Jefferies and J. Wishnew (.3). Revise draft letter regarding appointment of equity committee and research issues in connection with same (2.5); review Debtors' response to request to appoint equity committee (.3). Review Debtors' comments to proposed confidentiality agreement (.2); telephone call with Jefferies and L. Marinuzzi concerning response to equity committee request (.3); review and revise draft response to equity committee formation (.7); review debtors' draft response to equity committee request (.3). Revise letter response to equity committee request. Review and revise letter on equity committee. Guido, Laura Marinuzzi, Lorenzo Richards, Erica J.

06-Aug-2010 06-Aug-2010 06-Aug-2010

0.30 0.80 2.80

69.00 600.00 1,372.00

06-Aug-2010

Wishnew, Jordan A.

1.50

937.50

07-Aug-2010 08-Aug-2010 08-Aug-2010 09-Aug-2010 09-Aug-2010 09-Aug-2010 09-Aug-2010

Wishnew, Jordan A. Marinuzzi, Lorenzo

0.30 0.70 0.30 0.20 0.60 0.30 0.60

187.50 525.00 187.50 46.00 450.00 147.00 375.00

Review Debtors' comments to confidentiality agreement. Wishnew, Jordan A. Docket and calendar updates. Review Debtor mark-up of confidentiality agreement. Guido, Laura Marinuzzi, Lorenzo

Revise letter in response to request for equity committee. Richards, Erica J. Review L. Marinuzzi's comments and revise equity committee response and forward to Debtors' counsel. Wishnew, Jordan A.

066923-0000001 RESTRUCTURING Date 10-Aug-2010 10-Aug-2010 Services Docket and calendar updates. Draft summary of types of documents provided by Apollo (1.2); review, analyze and summarize Debtors' franchise agreements (4.9). Review revised letter regarding equity committee. Review 8/12 hearing agenda and address related issues (.2); review equity committee response letter, finalize and e-mail to P. Schwartzberg (.5).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Guido, Laura Molison, Stacy L. Hours 0.20 6.10 Value 46.00 2,623.00

10-Aug-2010 10-Aug-2010

Richards, Erica J. Wishnew, Jordan A.

0.30 0.70

147.00 437.50

11-Aug-2010 11-Aug-2010

Docket and calendar updates (.2); document distributions Guido, Laura (.1). Correspondence to/from M. Bienenstock and P. Schwartzberg regarding Creditors' Committee letter regarding request for official equity committee (.6); review 8/11 follow-up letter from ad hoc equity committee requesting official status (.6). Update roster with additional Creditors' Committee contact information. Review and revise Creditors' Committee meeting minutes. Docket and calendar updates. Correspondence to/from P. Schwartzberg regarding equity committee letter response, request for additional time. Marinuzzi, Lorenzo

0.30 1.20

69.00 900.00

11-Aug-2010 11-Aug-2010 12-Aug-2010 12-Aug-2010

Molison, Stacy L. Wishnew, Jordan A. Guido, Laura Marinuzzi, Lorenzo

0.20 0.10 0.30 0.80

86.00 62.50 69.00 600.00

12-Aug-2010

Review second request to US Trustee for appointment of Richards, Erica J. an equity committee and prepare response to same (1.0); update Creditors' Committee roster and distribution list (.3). Review draft Rule 2004 motion (.2); confer with P. Galante regarding same (.3). Telephone call with J. Wishnew, E. Richards and Jefferies to review response to latest equity committee letter (.6); review equity committee request (.5). Call with L. Marinuzzi, J. Wishnew, and Jefferies to discuss response to second request to appoint equity committee. Review Jefferies' counterpoints to equity committee request and coordinate efforts on responding to 8/20 and 8/23 objection deadlines (.7); call with Jefferies, L. Marinuzzi and E. Richards regarding same (.6). Review Jefferies mark-up of proposed equity committee response letter, Apollo 10-Q on equity values. Draft and revise response to second request to appoint equity committee. Engelhardt, Stefan W. Marinuzzi, Lorenzo

1.30

637.00

13-Aug-2010 13-Aug-2010

0.50 1.10

372.50 825.00

13-Aug-2010

Richards, Erica J.

0.60

294.00

13-Aug-2010

Wishnew, Jordan A.

1.30

812.50

16-Aug-2010 16-Aug-2010

Marinuzzi, Lorenzo Richards, Erica J.

0.60 4.30

450.00 2,107.00

066923-0000001 RESTRUCTURING Date 16-Aug-2010 17-Aug-2010 17-Aug-2010 Services Review and revise second letter response to equity committee request. Docket and calendar updates. Review, revise and finalize equity committee response letter (.6); review Apollo 10-Q and other relevant materials for response (.4). Review comments of Jefferies to second letter to US Trustee regarding appointment of equity committee and revise same accordingly. Telephone call with J. Eisen in Judge Chapman's chambers concerning scheduling of to-be-filed motions and pending applications (.2); prepare e-mail to US Trustee enclosing letter response to second equity committee request, and review further revisions to letter (.4). Review and revise Agenda for 8/18 committee call.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Wishnew, Jordan A. Guido, Laura Marinuzzi, Lorenzo Hours 0.60 1.50 1.00 Value 375.00 345.00 750.00

17-Aug-2010

Richards, Erica J.

1.40

686.00

17-Aug-2010

Wishnew, Jordan A.

0.60

375.00

17-Aug-2010 18-Aug-2010

Wishnew, Jordan A.

0.30 1.80

187.50 414.00

Docket and calendar updates (.9); confer with S. Molison Guido, Laura regarding same (.1); prepare and update master service list (.5); emails regarding service issues (.3). Confer with L. Guido regarding calendar issues. Telephone call with J. Eisen in Judge Chapman's chambers concerning scheduling of Rule 2004 motion and section 1102(b) motion. Docket and calendar updates. Review further correspondence from counsel for Equity Holders and US Trustee (.4); discuss response with E. Richards (.2). Molison, Stacy L. Wishnew, Jordan A.

18-Aug-2010 18-Aug-2010

0.10 0.10

43.00 62.50

19-Aug-2010 19-Aug-2010

Guido, Laura Marinuzzi, Lorenzo

0.30 0.60

69.00 450.00

19-Aug-2010 19-Aug-2010 20-Aug-2010 20-Aug-2010

Meet with L. Marinuzzi regarding response to request for Richards, Erica J. equity committee. Review e-mail from Equity Holders concerning request for equity committee. Calendar and docket updates. Wishnew, Jordan A. Guido, Laura

0.20 0.20 0.20 0.80

98.00 125.00 46.00 600.00

Review correspondence on equity committee and Marinuzzi, Lorenzo proposed response (.5); correspondence with Jefferies on due diligence for final reply on equity committee request (.3). Draft and revise third response to request for equity committee. Revise third response to request for official equity committee. Wishnew, Jordan A. Wishnew, Jordan A.

20-Aug-2010 21-Aug-2010 22-Aug-2010

1.40 0.40 0.70

875.00 250.00 525.00

Review and revise Creditors' Committee correspondence Marinuzzi, Lorenzo to US Trustee regarding equity committee request.

066923-0000001 RESTRUCTURING Date 23-Aug-2010 Services Review letter to US Trustee regarding equity committee and finalize same (.3); email to P. Schwartzberg regarding same (.1); confer with L. Guido regarding service issues (.2). Calendar and docket updates (.2); attention to service issues (.2); confer with R. Freimuth regarding service and filing issues (.2).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Freimuth, Renee L. Hours 0.60 Value 354.00

23-Aug-2010

Guido, Laura

0.60

138.00

23-Aug-2010 24-Aug-2010

Review further correspondence from Debtors and Equity Marinuzzi, Lorenzo Holders on appointment of official equity committee. Participate in Chambers conference regarding Judge Chapman disclosures (.3); emails with team regarding same (.1). Calendar and docket updates. Participate in telephonic hearing concerned Judge Chapman's personal disclosures. Review and respond to e-mail correspondence. Docket and calendar updates. Docket and calendar updates. Docket and calendar updates. Docket and calendar updates. Review US Trustee's response to equity committee request. Docket and calendar updates. Prepare e-mail to J. Marines concerning update of 9/1 case agenda. CASE ADMINISTRATION Freimuth, Renee L.

0.70 0.40

525.00 236.00

24-Aug-2010 24-Aug-2010 25-Aug-2010 25-Aug-2010 26-Aug-2010 27-Aug-2010 30-Aug-2010 30-Aug-2010 31-Aug-2010 31-Aug-2010 Total: 004

Guido, Laura Wishnew, Jordan A. Galante, Paul A. Guido, Laura Guido, Laura Guido, Laura Guido, Laura Wishnew, Jordan A. Guido, Laura Wishnew, Jordan A.

0.20 0.30 0.30 0.40 0.30 0.20 0.20 0.10 0.20 0.20 91.70

46.00 187.50 195.00 92.00 69.00 46.00 46.00 62.50 46.00 125.00 51,180.00

CLAIMS ADMINISTRATION AND OBJECTIONS 30-Aug-2010 Total: 005 Telephone call with J. Marines (K&E) regarding claims process. CLAIMS ADMINISTRATION AND OBJECTIONS Marinuzzi, Lorenzo 0.60 0.60 450.00 450.00

OTHER MOTIONS AND APPLICATIONS 28-Jul-2010 29-Jul-2010 29-Jul-2010 29-Jul-2010 Coordinate production of section 1102(b) motion and related confidentiality agreement. Draft 1102(b) information sharing motion. Confer with S. Molison regarding retention application and 1102(b) motion. Confer with D. Keeton regarding MoFo retention application and 1102(b) motion. Wishnew, Jordan A. Guido, Laura Keeton, Douglas Molison, Stacy L. 0.20 1.00 0.20 0.20 125.00 230.00 39.00 86.00

066923-0000001 RESTRUCTURING Date 30-Jul-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 1.20 Value 900.00

Review Midland Rule 2004 motion and objection to cash Marinuzzi, Lorenzo collateral papers (.8); correspondence to/from Midland counsel regarding meeting to discuss case issues (.4). Review Midland's Rule 2004 motion. Review Midland's motion for expedited discovery schedule. Review supplement to Midland discovery motion and related questions. Telephone conversation with Midland counsel regarding case background and status issues (.9); telephone conversation with L. Marinuzzi regarding status and strategy (.1); revise motion papers and background documentation (3.2). Prepare binder of select court filings for B. Miller. Review Debtors' and Apollo's response to Midland Rule 2004 Motion (1.4); confer with S. Engelhardt regarding same (.1). Confer with L. Nashelsky regarding second day filings. Discussions with L. Marinuzzi regarding second day motions. Draft section 1102(b) motion. Review draft section 1102(b) motion (.3); review and summarize Debtors/Apollo's responses to Midland discovery motion (1.2). Summarize objection to Debtors' motion to provide adequate assurance to utilities. Review, analyze and summarize objection to utilities motion. Revise 1102(b) motion. Summarize objections to Debtors' motions. Review Marriott motion to lift stay and supporting papers. Revise 1102(b) motion (.5); review and revise summary of Midland objection to Debtors' utility motion (.3); review, analyze, and summarize Midland's objections to Kirkland's retention (.3), Moelis's retention (.5), the objection and amended objection to Debtors' Management Motion (1.5), Marriott's motion to lift the automatic stay (1.9) and joinders to certain of the objections (.4). Review utility companies' response to adequate assurance motion and revise summary. Wishnew, Jordan A. Wishnew, Jordan A. Wishnew, Jordan A. Engelhardt, Stefan W.

30-Jul-2010 31-Jul-2010 01-Aug-2010 02-Aug-2010

0.20 0.40 0.30 4.20

125.00 250.00 187.50 3,129.00

02-Aug-2010 02-Aug-2010

Guido, Laura Marinuzzi, Lorenzo

1.40 1.50

322.00 1,125.00

02-Aug-2010 02-Aug-2010 02-Aug-2010 02-Aug-2010

Marinuzzi, Lorenzo Nashelsky, Larren M. Richards, Erica J. Wishnew, Jordan A.

0.50 0.50 2.00 1.50

375.00 450.00 980.00 937.50

04-Aug-2010 04-Aug-2010 04-Aug-2010 05-Aug-2010 05-Aug-2010 05-Aug-2010

Koshgerian, Stephen P. Richards, Erica J. Wishnew, Jordan A. Koshgerian, Stephen P. Marinuzzi, Lorenzo Richards, Erica J.

0.80 1.10 0.60 4.60 0.80 5.40

296.00 539.00 375.00 1,702.00 600.00 2,646.00

05-Aug-2010

Wishnew, Jordan A.

0.80

500.00

066923-0000001 RESTRUCTURING Date 06-Aug-2010 Services Review and revise draft 1102(b) motion on committee information (1.5); review and revise summary of Midland objections for distribution to Creditors' Committee (.7). Review Marriott lift stay motion and confer with J. Marines (K&E) concerning companies' response. Confer with P. Galante regarding formulation of Rule 2004 discovery request (.1); preparation for 30(b)(6) depositions (.8); meeting with P. Galante regarding discovery issues (.2).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Marinuzzi, Lorenzo Hours 2.20 Value 1,650.00

06-Aug-2010 09-Aug-2010

Wishnew, Jordan A. Engelhardt, Stefan W.

0.50 1.10

312.50 819.50

09-Aug-2010

Analysis of Proxy and other background materials Galante, Paul A. regarding discovery issues (3.5); draft discovery requests (.5); meeting with S. Engelhardt regarding discovery issues (.2); analysis of bankruptcy rules regarding discovery requests (.2); confer with S. Engelhardt regarding 2004 discovery requests (.1). Review correspondence and documents provided by Molison, Stacy L. Apollo (2.3); draft summary regarding same (.6); analyze Best Western's motion to limit time to assume or reject an executory contract (.8); draft, review and revise summary regarding same (.7). Prepare e-mail to Debtors' counsel sharing draft section 1102(b) motion (.1); review initial discovery production from Apollo (.4); review Best Western motion to expedite assumption/rejection and modify summary (.4); confer with Debtors' counsel on Marriott motion and modify summary for Creditors' Committee (.5). Review deposition notice regarding 30(b)(6) deposition (.2); analysis of background materials regarding deposition discovery requests (1.3). Revise committee summaries for recently-filed motions. Confer with P. Galante regarding Rule 2004 requests. Wishnew, Jordan A.

4.50

2,925.00

09-Aug-2010

4.40

1,892.00

09-Aug-2010

1.40

875.00

10-Aug-2010

Galante, Paul A.

1.50

975.00

10-Aug-2010 11-Aug-2010 11-Aug-2010

Wishnew, Jordan A. Engelhardt, Stefan W.

0.40 0.20 2.60

250.00 149.00 1,690.00

Telephone call with J. Wishnew regarding discovery Galante, Paul A. requests (.3); analysis of materials received from Apollo (1.1); confer with S. Engelhardt regarding Rule 2004 requests (.2); review deposition notice and background materials regarding depositions (.8); analysis of protective order regarding discovery and depositions (.2). Review motion by Innkeepers to assume agreement with respect to Troy Marriott (.9) review file on Marriott lift stay motion (.6). Confer with J. Wishnew regarding preparation of Rule 2004 documents. Marinuzzi, Lorenzo

11-Aug-2010

1.50

1,125.00

11-Aug-2010

Richards, Erica J.

0.70

343.00

10

066923-0000001 RESTRUCTURING Date 11-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 2.20 Value 1,375.00

Review preferred shareholders' supplemental submission Wishnew, Jordan A. to US Trustee and discuss same with Jefferies (.6); review draft motion to assume Marriott-Troy franchise agreement and discuss same with Jefferies (.2); review motion to assume Troy Central Marriott Franchise Agreement (.4); review motion to appoint examiner (.3); confer with E. Richards regarding Rule 2004 motions (.7). Attention to Rule 2004 requests (.5); meeting with L. Marinuzzi and P. Galante regarding Rule 2004 requests (.7); confer with P. Galante regarding same (.8). Research regarding Rule 2004 discovery and drafting discovery requests (2.5); analysis of motions appointing examiner (1.0); preparation and attendance at deposition of M. Beilinson (8.0); confer with S. Engelhardt and L. Marinuzzi regarding Rule 2004 discovery motion and regarding deposition (.7). Draft summary of motion of Equity Holders to appoint an examiner. Engelhardt, Stefan W.

12-Aug-2010

2.00

1,490.00

12-Aug-2010

Galante, Paul A.

12.20

7,930.00

12-Aug-2010 12-Aug-2010

Koshgerian, Stephen P.

1.90 5.40

703.00 4,050.00

Review motion for examiner (1.0); review status of Marinuzzi, Lorenzo Creditors' Committee Rule 2004 applications, review file regarding same (.9); discussions with S. Engelhardt regarding preparation of Rule 2004 papers (.8); review file regarding Marriott dispute, competing motions (.6); telephone call and correspondence with J. Marines regarding Creditors' Committee position on Marriott motions (.4); meeting with S. Engelhardt and P. Galante regarding Rule 2004 requests (.7); confer with L. Nashelsky regarding examiner motion and discovery issues (1.0). Discussions with L. Marinuzzi regarding motion for an examiner and discovery issues. Review examiner motion. Review examiner motion. Analysis of pleadings regarding background, and regarding support for memorandum of law in support of the Rule 2004 motion (1.2); draft memo including legal research (2.9); analysis of documents concerning motion (3.6); analysis of deposition transcript regarding factual support for memo (1.5); confer with S. Engelhardt regarding memo (.3). Telephone call with J. Penn (Midland) regarding 2004 exams and examination of bank files (.5); review memo regarding Rule 2004 discovery on lenders and call with J. Penn (.4); review capital structure chart regarding identities of parties from who discovery will be sought (.4). Nashelsky, Larren M. Richards, Erica J. Wishnew, Jordan A. Galante, Paul A.

12-Aug-2010 12-Aug-2010 12-Aug-2010 13-Aug-2010

1.00 0.20 0.50 9.50

900.00 98.00 312.50 6,175.00

13-Aug-2010

Marinuzzi, Lorenzo

1.30

975.00

11

066923-0000001 RESTRUCTURING Date 13-Aug-2010 Services Review summary of Equity Holders' motion to appoint an examiner (.4); review and analyze potential grounds for objecting to same (1.2). Review examiner motion, draft objection strategy and provide S. Molison with sample examiner objections (1.0); prepare memo concerning discovery disputes related to Marriott stay relief-assumption motions (.4). Review and edit brief in support of Rule 2004 motion, including analysis of case law.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Molison, Stacy L. Hours 1.60 Value 688.00

13-Aug-2010

Wishnew, Jordan A.

1.40

875.00

15-Aug-2010 15-Aug-2010

Galante, Paul A.

2.00 2.30

1,300.00 989.00

Review and analyze Equity Holders' motion for Molison, Stacy L. appointment of an examiner (.8); draft, review and revise memorandum regarding same (1.5). Analysis of Beilinson deposition transcript regarding upcoming deposition. Meeting with L. Marinuzzi and J. Wishnew regarding facts for motion (.8); drafting and editing motion, subpoenas, document requests and deposition notice including analysis of proxy, first day pleadings (10.5). Revise summary of motion to appoint an examiner. Review Midland discovery matters with P. Galante and J. Wishnew for deposition coverage and issues (.8); confer with L. Nashelsky regarding examiner issues (.8). Draft objection to examiner motion filed by Equity Holders. Discussions with L. Marinuzzi regarding examiner discovery issues. Prepare e-mail to J. Marines (K&E) concerning status of K&E's review of section 1102(b) motion (.1); assist P. Galante with Rule 2004 motion and revise motion (1.1); meeting with L. Marinuzzi and P. Galante regarding same (.8); review and revise memo summarizing details of examiner motion (.4); review summary of Lehman's reply concerning its motion to enter into PSA (.2); assist S. Molison with preparation of objection to examiner motion (.4). Confer with P. Galante regarding deposition issues and Rule 2004 motion issues (.3); confer with L. Marinuzzi regarding status and discovery issues (.2). Analysis of Apollo objection (.2); analysis of M. Beilinson transcript and background documents regarding Apollo deposition (1.5); edit motion, subpoenas and discovery requests including analysis of background materials (8.5). Galante, Paul A. Galante, Paul A.

16-Aug-2010 16-Aug-2010

1.00 11.30

650.00 7,345.00

16-Aug-2010 16-Aug-2010

Koshgerian, Stephen P. Marinuzzi, Lorenzo

0.60 1.60

222.00 1,200.00

16-Aug-2010 16-Aug-2010 16-Aug-2010

Molison, Stacy L. Nashelsky, Larren M. Wishnew, Jordan A.

5.10 0.80 3.00

2,193.00 720.00 1,875.00

17-Aug-2010

Engelhardt, Stefan W.

0.50

372.50

17-Aug-2010

Galante, Paul A.

10.20

6,630.00

12

066923-0000001 RESTRUCTURING Date 17-Aug-2010 Services Cite-check objection to motion for appointment of examiner (1.1); prepare for and filing of Rule 2004 motion (2.4). Review Marriott pleadings and frame responses (.5); telephone call to C. Shulman (Marriott counsel) regarding extensions (.2); review and revise Rule 2004 papers, order and exhibits (2.6); confer with J. Wishnew regarding same (.8); discussions with counsel for Lehman ALI (.3); discussion and correspondence with counsel for Apollo (.3); discussions with Debtors regarding Rule 2004 requests, timing and related matters (.8); telephone call with LNR counsel regarding Rule 2004 motion (.4). Research and draft objection to Equity Holders' motion to appoint an examiner. Review comments from K&E to draft 1102(b) motion and revise same accordingly. Confer with J. D'Amico at Jefferies concerning Troy Central assumption (.2); review Debtors' comments to section 1102(b) motion (.2); address revisions to Rule 2004 motion with L. Marinuzzi and assist with final revisions and filing (.8). Confer with P. Galante regarding deposition issues (.2); analysis of litigation and Rule 2004 examination issues (1.2). Analysis of transcript from deposition of Lehman witness (1.3); confer with S. Engelhardt regarding depositions (.2); meet with E. Pizzurro regarding Marriott depositions (.3); deposition of S. Hewes 30(b)(6) witness for Apollo Investment Corporation (8.5); analysis of M. Beilinson transcript and other materials regarding upcoming deposition (1.5). Prepare, file and coordinate service of (i) notice and motion for Rule 2004 examination and (ii) 1102(b) motion and notice (1.6); distribution of additional motions per E. Richards (.4). Discussion with Marriott counsel regarding Creditors' Committee response (.2); telephone call with Court and counsel for Marriott and Debtors on discovery on Marriott dispute (.5); discuss preparation of reply to Marriott papers (.6); confer with L. Nashelsky regarding examiner's motion, discovery and other outstanding issues (.3). Discussions with L. Nashelsky regarding committee motions, examiner motion and related issues.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Guido, Laura Hours 3.50 Value 805.00

17-Aug-2010

Marinuzzi, Lorenzo

5.90

4,425.00

17-Aug-2010 17-Aug-2010 17-Aug-2010

Molison, Stacy L. Richards, Erica J. Wishnew, Jordan A.

9.20 0.20 1.20

3,956.00 98.00 750.00

18-Aug-2010

Engelhardt, Stefan W.

1.40

1,043.00

18-Aug-2010

Galante, Paul A.

11.80

7,670.00

18-Aug-2010

Guido, Laura

2.00

460.00

18-Aug-2010

Marinuzzi, Lorenzo

1.60

1,200.00

18-Aug-2010

Miller, Brett H.

0.30

262.50

13

066923-0000001 RESTRUCTURING Date 18-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 4.20 Value 1,806.00

Review and revise objection to examiner motion (2.0); Molison, Stacy L. research legal standard with respect to section 1104(c)(2) of the Bankruptcy Code (2.2). Discussions with B. Miller (.3); and L. Marinuzzi (.3) regarding Examiner's motion, discovery and DIP/CC motions; analyze issues (.7). Confer with P. Galante regarding case and upcoming deposition (.3); review materials in preparation for deposition (.2). Prepare notice of presentment for 1102(b) motion and revise same. Draft revised notice for Rule 2004 motion (.3); revise notice and motion for section 1102(b) motion (.6); review and revise draft of objection to examiner motion (1.5). Conference with P. Galante regarding deposition. Review correspondence and internal memos relating to Marriott motion and Midland objections. Meet with E. Pizzurro regarding Marriott depositions (.3); analysis of M. Beilinson deposition ad S. Hews in preparation for Lehman deposition (1.5); attend deposition of M. Lascher (30(b)(6) witness for Lehman) (4.5); confer with S. Engelhardt regarding depositions (.2); analysis of first day filings regarding depositions and background (1.5); review motions and background documents regarding depositions (1.2). Prepare courtesy copies of Rule 2004 motion and 1102(b) motion for chambers. Discuss objections to examiner motion and committee motions with L. Nashelsky. Nashelsky, Larren M.

18-Aug-2010

1.30

1,170.00

18-Aug-2010

Pizzurro, Eileen A.

0.50

280.00

18-Aug-2010 18-Aug-2010

Richards, Erica J. Wishnew, Jordan A.

0.50 2.40

245.00 1,500.00

19-Aug-2010 19-Aug-2010 19-Aug-2010

Engelhardt, Stefan W. Freimuth, Renee L. Galante, Paul A.

0.20 0.70 9.20

149.00 413.00 5,980.00

19-Aug-2010 19-Aug-2010 19-Aug-2010

Guido, Laura Marinuzzi, Lorenzo

0.30 0.40 6.90

69.00 300.00 2,967.00

Research additional case law with respect to the Molison, Stacy L. objection to the examiner motion (3.1); review and revise same (3.8). Review and analyze Lehman ALI's objection to Marriott's' motion for a limited modification of the automatic stay with respect to Troy Central (.7); summarize same (1.0). Discussions with L. Marinuzzi regarding objections to examiner motion and DIP/Committee motions (.4); analyze issues (.4). Molison, Stacy L.

19-Aug-2010

1.70

731.00

19-Aug-2010

Nashelsky, Larren M.

0.80

720.00

19-Aug-2010

Review materials in preparation for depositions (3.5); Pizzurro, Eileen A. attend depositions (5.5); confer with P. Galante regarding same (.3). Prepare revisions to examiner objection. Wishnew, Jordan A.

9.30

5,208.00

19-Aug-2010

1.10

687.50

14

066923-0000001 RESTRUCTURING Date 20-Aug-2010 20-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 0.50 4.00 Value 372.50 2,360.00

Confer with P. Galante regarding depositions (.2); confer Engelhardt, Stefan W. with L. Marinuzzi and P. Galante regarding same (.3). Review deposition transcripts in connection with Marriott issues (1.6); emails with J. Wishnew, E. Pizzurro and L. Marinuzzi regarding depositions and preparation objection to Marriott motion (.3); review of assumption motion and Marriott lift stay motion and related documents (1.8); confer with P. Galante regarding Marriott deposition (.3). Freimuth, Renee L.

20-Aug-2010

Meeting with R. Freimuth regarding Marriott deposition Galante, Paul A. (.3); comparison of Lehman and Apollo testimony regarding transaction (2.3); meeting with S. Engelhardt regarding depositions (.2);meeting with L. Marinuzzi and S. Engelhardt regarding Lehman deposition (.3); analysis of Belinson and Murphy deposition transcripts (1.0). Summarize Marriot objection. Koshgerian, Stephen P.

4.10

2,665.00

20-Aug-2010 20-Aug-2010

1.90 3.40

703.00 2,550.00

Review and revise multiple drafts of Creditors' Marinuzzi, Lorenzo Committee objection to examiner motion (1.4); review same with S. Molison (.3); review Rule 2004 requests and discuss with litigators for anticipated document review (.6); correspondence with J. Penn regarding document production (.3); meeting with S. Engelhardt and P. Galante regarding Lehman deposition (.3); confer with L. Nashelsky regarding examiner motion issues (.5). Review and discuss response to examiner motion and equity committee request. Further review and revise objection to examiner motion and research same (3.9); confer with L. Marinuzzi regarding same (.3). Discussions with L. Marinuzzi regarding examiner motion discovery issues. Confer with J. Wishnew regarding deposition (.4); compose summary of Beilinson and Murphy depositions concerning Marriott's motion to lift stay (1.3). Assist with preparing objection to Marriott stay relief and joinder to assumption of franchise agreement (.4); further review of objection to examiner motion (.3); confer with E. Pizzurro regarding deposition (.4). Miller, Brett H. Molison, Stacy L.

20-Aug-2010 20-Aug-2010

2.20 4.20

1,925.00 1,806.00

20-Aug-2010 20-Aug-2010

Nashelsky, Larren M. Pizzurro, Eileen A.

0.50 1.70

450.00 952.00

20-Aug-2010

Wishnew, Jordan A.

1.50

937.50

21-Aug-2010

Review of Beilinson and Murphy transcripts and Freimuth, Renee L. continued review of agreements and letters in connection with Troy Central Marriott motions (2.4); prepare for and participate in call with T. Schwartz (K&E) regarding Marriott lift stay motion (.7); draft joinder to Debtors' objection to Marriott lift stay motion (1.7). Further review and revise objection to examiner motion. Molison, Stacy L.

4.80

2,832.00

21-Aug-2010

2.00

860.00

15

066923-0000001 RESTRUCTURING Date 21-Aug-2010 21-Aug-2010 22-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 1.30 0.50 5.20 Value 728.00 245.00 3,068.00

Compose summary of Beilinson and Murphy depositions Pizzurro, Eileen A. concerning Marriott's motion to lift stay. Draft motion in support of Debtors' motion to assume Troy Central Franchise Agreement. Richards, Erica J.

Continued review of background documents in Freimuth, Renee L. connection with Troy Central Marriott motions and preparation of joinder (1.2); call with L. Marinuzzi regarding same (.2); confer with E. Pizzurro regarding Beilinson and Murphy depositions (.2); emails with T. Schwartz and L. Marinuzzi regarding same (.2); continue to draft joinder to Debtors' objection to Marriott lift stay motion and statement in support of assumption motion (2.2); confer with L. Marinuzzi regarding evidence on termination (.4); emails with E. Richards regarding same (.2); review draft of Debtors' objection to Marriott lift stay motion (.6). Review and revise Committee objection to examiner Marinuzzi, Lorenzo motion (1.2); correspond with S. Molison regarding case law on examiner (.3); review and revise draft pleadings by Committee for filing in connection with Marriott motions (.8); telephone call with R. Freimuth regarding evidence on termination, pleading to be prepared (.4); review summary of deposition testimony taken by Marriott in connection with Marriott motions (.4); confer with R. Freimuth regarding joinder in Troy Central/Marriott motions (.2). Research case law regarding legal standard with respect to section 1104 (2.3); finalize objection to examiner motion (2.2). Molison, Stacy L.

22-Aug-2010

3.30

2,475.00

22-Aug-2010

4.50

1,935.00

22-Aug-2010

Compose summary of Beilinson and Murphy depositions Pizzurro, Eileen A. concerning Marriott's motion to lift stay (3.5); confer with R. Freimuth regarding same (.2). Draft motion in support of Debtors' motion to assume Troy Central Franchise Agreement. Review updated examiner objection. Richards, Erica J. Wishnew, Jordan A.

3.70

2,072.00

22-Aug-2010 22-Aug-2010

2.00 0.40

980.00 250.00

16

066923-0000001 RESTRUCTURING Date 23-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 8.50 Value 5,015.00

Review examiner objection, and DIP/cash collateral Freimuth, Renee L. objection (.8); emails with S. Molison and L. Guido regarding finalizing same (1.4); confer with L. Marinuzzi regarding same (.4); emails with J. Wishnew and S. Molison regarding other objections filed and update to Creditors' Committee (.2); participate in call with Debtors' counsel 2004 motion (.4); circulate documents to Debtors' counsel (.1); email with P. Galante regarding call (.1); review proposed order and document requests (.2); review and revise joinder to Debtor objection to Marriott lift stay motion (1.6); emails to counsel for Debtors, Marriott, L. Marinuzzi and J. Wishnew regarding deposition schedule and hearing change (.3); confer with E. Pizzurro regarding Beilinson and Murphy depositions (.4); follow-up emails with E. Pizurro regarding same (.2); review deposition summaries, documents and continued review of testimony to draft and revise joinder (1.5); confer with P. Galante regarding hearing issues (.2); call with T. Schwartz (K&E) regarding settlement (.5); follow-up emails with J. Wishnew and L. Marinuzzi regarding same (.2). Analysis of case-law regarding upcoming hearing on Rule 2004 motion (1.0); analysis of Jefferies review of 2007 transactions (.5); review and edit discovery requests and subpoenas (1.0); confer with R. Freimuth regarding hearing (.2); analysis of deposition summaries and transcript (.8). Galante, Paul A.

23-Aug-2010

3.50

2,275.00

23-Aug-2010

Cite-check joinder to Debtors' objection to Marriott's Guido, Laura motion for limited objection of the automatic stay (.8); revisions to same (.2); cite-check revised objection to motion for appointment of an examiner (1.1); attention to and coordinate service of day's filings (.5); prepare, electronically file and final coordination of service of (i) objection to appointment of an examiner, (ii) reservation of rights on plan support agreement, and (iii) DIP and cash collateral objection (1.7); prepare courtesy copies of same for chambers (.2); distribution of all 8/23 objections filed (.3). Review Debtors' objection to examiner motion (.8); review Lehman objection to examiner motion (.4); review US Trustee objection to examiner motion (.5); review and finalize Creditors' Committee objection to examiner motion (.7); review Apollo objection to examiner motion (.4). Marinuzzi, Lorenzo

4.80

1,104.00

23-Aug-2010

2.80

2,100.00

17

066923-0000001 RESTRUCTURING Date 23-Aug-2010 Services Review status of Rule 2004 motion and discussions with lenders, Apollo and Debtors (1.2); prepare for and conference call with R. Freimuth, S. Molison and Debtors' counsel on revisions to Rule 2004 order (.6); review concepts discussed with Debtors for incorporation into revised Rule 2004 order (.3); confer with R. Freimuth regarding finalizing of objections for filing (.4); confer with L. Nashelsky regarding filed objections (.3); review Debtors' objection to examiner motion (.8); review Lehman objection to examiner motion (.4); review US Trustee objection to examiner motion (.5); review and finalize Creditors' Committee objection to examiner motion (.7); review Apollo objection to examiner motion (.4). Review, revise and finalize objections to examiner motion and cash collateral/DIP motion (2.6); coordinate review of objections to examiner motion, PSA motion, cash collateral motion and DIP motions (.9); review and analyze objections to examiner motion (1.9); call with Debtors' counsel, L. Marinuzzi and R. Freimuth regarding Rule 2004 motion (.4). Discussions with L. Marinuzzi regarding objections to examiner motion and DIP/Cash Collateral motions (.3); analyze issues (.5). Review deposition transcripts.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Marinuzzi, Lorenzo Hours 5.60 Value 4,200.00

23-Aug-2010

Molison, Stacy L.

5.80

2,494.00

23-Aug-2010

Nashelsky, Larren M.

0.80

720.00

23-Aug-2010 23-Aug-2010

Pizzurro, Eileen A.

2.40 2.20

1,344.00 1,375.00

Review filed objections and responses and coordinate Wishnew, Jordan A. summaries of same for Creditors' Committee (.8); assist in finalizing third response to Equity Holders' request for preferred shareholders' committee (.2); review legal standard for appointment of examiner (.2); oversee filing and service of Creditors' Committee pleadings related to 9/1 motions (.2); coordinate supplemental service of Rule 2004 motion (.2); review Beilinson deposition summary (.4); review scheduling of Marriott discovery and hearings (.2).

18

066923-0000001 RESTRUCTURING Date 24-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 4.60 Value 2,714.00

Review revised documents from Debtors regarding Rule Freimuth, Renee L. 2004 request (.2); confer with E. Pizzurro regarding depositions (.2); review materials for hearing (.4); email with P. Galante regarding hearing and revised documents for Rule 2004 requests (.1); call with P. Galante regarding same (.3); emails with L. Guido regarding notices, calendar and hearing documents (.3); review notice for hearing time change and emails regarding same (.3); revise joinder to Debtor objection to Marriott lift stay motion (.3); multiple calls with T. Schwartz regarding Marriott settlement (.4); call with A. Rohan regarding same (.2); review proposed Marriott settlement (.8); email summary to team regarding same (.4); emails with counsel for Debtors, Marriott, L. Marinuzzi and J. Wishnew regarding deposition schedule (.2); call with T. Schwartz regarding Marriott update (.3); follow-up emails with L. Marinuzzi and Jefferies team regarding same (.2). Confer with R. Freimuth regarding Rule 2004 motion Galante, Paul A. (.3); e-mail correspondence with Midland regarding depositions (.3); prepare for Rule 2004 hearing including analysis of our requests and objections submitted by various parties (3.0); analysis of debtors comments to discovery request and editing same (1.0); confer with L. Marinuzzi regarding Rule 2004 motion (.2). Prepare previous day's objections for submission to Guido, Laura chambers (.2); prepare and file affidavit of service for Rule 2004 motion (.4); prepare summary chart of objections filed to examiners motion, motion to assume plan support agreement and DIP and cash collateral motions (1.7); review docket regarding objections and responses filed in connection with second omnibus hearing (.3); draft, file and coordinate service of notice of change of hearing time for Rule 2004 motion (.8). Review Creditors' Committee Rule 2004 papers and Marinuzzi, Lorenzo objection papers in preparation for hearing on Motion (1.3); review Debtors' mark-up of Rule 2004 order (.3); discuss same with P. Galante (.2); review settlement term sheet and correspondence from Debtors on Marriott settlement (.5); confer with L. Nashelsky regarding strategy (.3). Review, analyze and summarize responses of Midland, Lehman ALI and Apollo to Creditors' Committee's Rule 2004 motion (3.0); review and revise chart summarizing objections filed in response to examiner motion, cash collateral motion, DIP motions and PSA motion (1.4); further review, analyze and summarize objections to examiner motion (3.3). Discussions with L. Marinuzzi regarding upcoming hearings and strategy (.3); analyze issues (.5). Molison, Stacy L.

24-Aug-2010

4.80

3,120.00

24-Aug-2010

3.40

782.00

24-Aug-2010

2.60

1,950.00

24-Aug-2010

7.70

3,311.00

24-Aug-2010

Nashelsky, Larren M.

0.80

720.00

19

066923-0000001 RESTRUCTURING Date 24-Aug-2010 24-Aug-2010 Services Confer with R. Freimuth regarding Marriott depositions. Review filed objections to 9/1 motions (.2); review filed responses to Creditors' Committee's Rule 2004 motion (.2). Review correspondence (general) regarding discovery issues. Review additional objection to Rule 2004 requests (.6); review revised order and email to chambers (.3); email with T. Schwartz regarding Marriott settlement (.2); email with S. Engelhardt and P. Galante regarding Midland depositions (.2). Analysis of motion filed by debtors (.5); confer with S. Engelhardt regarding discovery (.3); prepare for deposition of Midland (.8); edit proposed Rule 2004 order (.2); analysis of correspondence regarding deposition (.2). Prepare Rule 2004 order for submission to chambers.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Pizzurro, Eileen A. Wishnew, Jordan A. Hours 0.20 0.40 Value 112.00 250.00

25-Aug-2010 25-Aug-2010

Engelhardt, Stefan W. Freimuth, Renee L.

0.50 1.30

372.50 767.00

25-Aug-2010

Galante, Paul A.

2.00

1,300.00

25-Aug-2010 25-Aug-2010

Guido, Laura

0.20 11.00

46.00 4,730.00

Further review, analyze and summarize objections to Molison, Stacy L. examiner motion (1.8); review, analyze and summarize objection to Five Mile DIP motion (1.3); review, analyze and summarize Debtors' supplement to cash collateral motion (2.7); compile, review and revise summaries of objections to examiner motion, PSA motion, cash collateral motion and DIP motions (3.1); revise memorandum regarding same (1.3); review, analyze and summarize Wells Fargo response to Committee's Rule 2004 motion (.8). Review Wells Fargo/US Bank's response to Rule 2004 Wishnew, Jordan A. motion (.1); revise memo summarizing responses/objections to 9/1 motions and related e-mail to Creditors' Committee (.9). Review of correspondence and attention to matters regarding investigation (2.8); confer with P. Galante regarding deposotions (.2). Analysis of M. Beilinson deposition transcript regarding preparation for Midland deposition (.5); analysis of papers filed by Creditors' Committee regarding 9/1 hearing (.8); confer with S. Engelhardt regarding deposition (.2); deposition of C. Dochat including preparation for deposition (analysis of deposition notice and transcripts) (3.3); analysis of deposition transcript regarding prepare for deposition of Midland Loan Services (.5). Confer with L. Nashelsky regarding Rule 2004 motion. Discussions with L. Marinuzzi regarding Rule 2004 motion issues. Engelhardt, Stefan W.

25-Aug-2010

1.00

625.00

26-Aug-2010

3.00

2,235.00

26-Aug-2010

Galante, Paul A.

5.30

3,445.00

26-Aug-2010 26-Aug-2010

Marinuzzi, Lorenzo Nashelsky, Larren M.

0.70 0.70

525.00 630.00

20

066923-0000001 RESTRUCTURING Date 27-Aug-2010 27-Aug-2010 Services Review objections to Marriott settlement. Analysis of deposition transcript regarding dealings between Five Mile and Midland (.5); deposition of Midland Loan Services including preparation for deposition (analysis of transcript from previous day and deposition notice) (4.8); analysis of papers filed by Creditors' Committee (.5); e-mail correspondence regarding deposition and papers filed (.2). Summarize declarations and Debtors' omnibus reply. Review status of Marriott settlement papers, review Jefferies' analysis of settlement (.8); review Equity Holders' reply to examiner objections (1.1)

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Freimuth, Renee L. Galante, Paul A. Hours 0.40 6.00 Value 236.00 3,900.00

27-Aug-2010 27-Aug-2010

Koshgerian, Stephen P. Marinuzzi, Lorenzo

0.60 1.90

222.00 1,425.00

27-Aug-2010 27-Aug-2010 30-Aug-2010 30-Aug-2010

Review, analyze and summarize Equity Holders' reply to Molison, Stacy L. objections to examiner motion. Review filed replies concerning 9/1 motions. Meeting with L. Marinuzzi regarding 2007 investigation issues (.5); review documents for investigation (2.5). Wishnew, Jordan A. Engelhardt, Stefan W.

3.40 0.20 3.00 6.30

1,462.00 125.00 2,235.00 4,095.00

Review and edit discovery requests and subpoenas and Galante, Paul A. confer with various counsel from other firms regarding same (1.0); confer with L. Ramos regarding same (.3); deposition of FTI including review of previous transcripts in preparation for deposition (4.0); analysis of Debtors' motion (1.0). Distribution of sealed documents relating to examiner motion and plan support agreement. Attention to subpoena (.5); review documents for investigation and analysis of issues (3.0). Guido, Laura Engelhardt, Stefan W.

30-Aug-2010 31-Aug-2010 31-Aug-2010

0.30 3.50 3.80

69.00 2,607.50 2,470.00

Review and edit subpoenas and discovery requests (.5); Galante, Paul A. confer with L. Ramos regarding same (.3); review and respond to e-mails and telephone correspondence with counsel regarding discovery requests and subpoenas (.5); meeting regarding update on various projects (.5); analysis of recent deposition testimony regarding update at meeting (1.2); meeting with L. Marinuzzi regarding deposition testimony (.3); analysis of Lehman objection regarding meeting concerning discovery requests (.5). Conference with P. Galante regarding deposition testimony (.3); review reply and objections on examiner motion in preparation for 9/1 hearing (2.3). Marinuzzi, Lorenzo

31-Aug-2010

2.60

1,950.00

21

066923-0000001 RESTRUCTURING Date 31-Aug-2010 Services Review, analyze and summarize Debtors' supplemental authority for its replies to the objections to the PSA motion, the cash collateral motion, the cash management motion and the DIP motions (1.0); review and analyze deposition of K. Semon in connection with same (1.5); draft summary regarding same (2.7); review and analyze TriMont's stay relief motion (.8); attention to Equity Holders' response to Creditors' Committee's objection to examiner motion (1.1). Review Equity Holders' examiner response and prepare counterpoints for oral argument (1.2); review status of Rule 2004 subpoenas (.3). OTHER MOTIONS AND APPLICATIONS

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Molison, Stacy L. Hours 7.10 Value 3,053.00

31-Aug-2010

Wishnew, Jordan A.

1.50

937.50

Total: 006

383.50

224,102.50

FEE/EMPLOYMENT APPLICATIONS 28-Jul-2010 29-Jul-2010 04-Aug-2010 06-Aug-2010 06-Aug-2010 06-Aug-2010 09-Aug-2010 09-Aug-2010 11-Aug-2010 11-Aug-2010 11-Aug-2010 11-Aug-2010 12-Aug-2010 12-Aug-2010 13-Aug-2010 13-Aug-2010 15-Aug-2010 16-Aug-2010 Coordinate conflicts search and preparation of retention application. Retrieval of retention documents per E. Richards (.3); draft retention application (1.5). Assist Jefferies with employment application and oversee preparation of MoFo retention application. Wishnew, Jordan A. Guido, Laura Wishnew, Jordan A. 0.40 1.80 0.20 2.20 1.00 1.20 1.00 1.30 0.40 0.40 1.30 0.40 1.00 0.40 0.70 3.90 0.60 1.00 250.00 414.00 125.00 506.00 195.00 588.00 230.00 637.00 92.00 172.00 637.00 250.00 750.00 196.00 525.00 1,911.00 258.00 195.00

Review July time records for compliance with guidelines Guido, Laura (1.0); prepare exhibits to retention application (1.2). Revise application to retain Jefferies for E. Richards. Revise draft form of Jefferies retention application. Continue preparing exhibits to retention application. Revise form of retention application for Jefferies (.8); draft retention application for MoFo (.5). Additional review of July time records for compliance with guidelines. Attention to July monthly fee application. Draft MoFo retention application. Review and revise MoFo retention application. Review and revise draft retention application for MoFo. Revise MoFo retention application. Review and revise MoFo retention affidavit and order. Revise retention application. Review and analyze interim compensation order. File and serve application for Creditors' Committee to retain MoFo. Keeton, Douglas Richards, Erica J. Guido, Laura Richards, Erica J. Guido, Laura Molison, Stacy L. Richards, Erica J. Wishnew, Jordan A. Marinuzzi, Lorenzo Richards, Erica J. Marinuzzi, Lorenzo Richards, Erica J. Molison, Stacy L. Keeton, Douglas

22

066923-0000001 RESTRUCTURING Date 16-Aug-2010 16-Aug-2010 19-Aug-2010 20-Aug-2010 20-Aug-2010 21-Aug-2010 31-Aug-2010 Total: 007 Services Revise and finalize MoFo retention application. Prepare e-mails to Creditors' Committee chair concerning execution of MoFo retention application. Review Jefferies retention application. Confer with Jefferies and regarding Jefferies retention application and provide comments to same. Review further revisions to Jefferies' retention per US Trustee's comments. Correspondence with Jefferies regarding retention application. Calls with US Trustee regarding Jefferies fee application and revise same accordingly. FEE/EMPLOYMENT APPLICATIONS

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Richards, Erica J. Wishnew, Jordan A. Richards, Erica J. Richards, Erica J. Wishnew, Jordan A. Richards, Erica J. Richards, Erica J. Hours 1.30 0.30 1.30 2.00 0.20 0.20 1.30 25.80 Value 637.00 187.50 637.00 980.00 125.00 98.00 637.00 11,232.50

FEE/EMPLOYMENT OBJECTIONS 28-Jul-2010 01-Aug-2010 05-Aug-2010 Total: 008 FINANCING 28-Jul-2010 30-Jul-2010 10-Aug-2010 11-Aug-2010 11-Aug-2010 12-Aug-2010 14-Aug-2010 15-Aug-2010 Review, analyze and summarize cash collateral motion and related pleadings. Review cash collateral and DIP financing papers. Review DIP motions with Lehman ALI and Five Mile Capital. Richards, Erica J. Marinuzzi, Lorenzo Molison, Stacy L. 7.80 2.50 0.50 1.60 0.10 0.20 1.00 1.20 3,822.00 1,875.00 215.00 688.00 62.50 98.00 625.00 516.00 Coordinate review of Moelis retention application and identify potential objectionable grounds. Review and analyze issues in connection with retention applications filed by Debtors. Review Midland objections to Debtors' professional retention motions. FEE/EMPLOYMENT OBJECTIONS Wishnew, Jordan A. Richards, Erica J. Marinuzzi, Lorenzo 0.40 1.00 0.80 2.20 250.00 490.00 600.00 1,340.00

Review, analyze and summarize objection to Lehman Molison, Stacy L. ALI DIP financing filed in Lehman Brothers bankruptcy. Discuss with J. Marines (K&E) status of proposed final orders related to post-petition financing. Review objection of Appaloosa to DIP financing. Review Solar Finance DIP agreement. Draft, review and revise memo regarding objection to Lehman ALI DIP financing filed in Lehman Brothers bankruptcy (.8); review Debtors' supplement to Lehman ALI DIP financing motion (.4). Review of supplemental DIP facility documents (1.3); draft supplemental summary for committee call (1.4). Wishnew, Jordan A. Richards, Erica J. Wishnew, Jordan A. Molison, Stacy L.

16-Aug-2010

Capucilli, David

2.70

1,647.00

23

066923-0000001 RESTRUCTURING Date 16-Aug-2010 Services Further review and analyze supplement to DIP Motion involving Lehman ALI (1.2); draft, review and revise summary regarding same (1.2); review and analyze LCPI's response to objection in Lehman Brothers bankruptcy regarding DIP financing between Lehman ALI and Innkeepers (.7); draft, review and revise summary regarding same (.7). Review filed DIP documents and forms of order and prepare e-mail to Jefferies concerning specific questionable provisions. Revise DIP motion summaries for presentation to committee and insert into comprehensive summary. Review Five Mile DIP order. Research relating to cash collateral and DIP objections (.9); review documents relating to same (.8). Review DIP documents, cash collateral agreement (1.0); confer with J. Wishnew regarding same (.3).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Molison, Stacy L. Hours 3.80 Value 1,634.00

16-Aug-2010

Wishnew, Jordan A.

2.10

1,312.50

17-Aug-2010 17-Aug-2010 18-Aug-2010 18-Aug-2010 18-Aug-2010

Capucilli, David Wishnew, Jordan A. Freimuth, Renee L. Marinuzzi, Lorenzo

2.20 0.50 1.70 1.30 3.40

1,342.00 312.50 1,003.00 975.00 1,666.00

Prepare objection to cash collateral motion and DIP Richards, Erica J. motions (.9); research regarding ability to carve out avoidance actions from replacement liens on cash collateral (1.6); draft objection to cash collateral and DIP motions (.9). Confer with L. Marinuzzi regarding DIP/cash collateral motion. Continued review of cash collateral and DIP motions in connection with limited objection to same (.8); research in connection with limited objection to DIP and cash collateral motions (1.4); review draft of objection (.9). Research precedence regarding DIP and cash collateral and distribution of related documents. Research issue of superpriority lien attachment against avoidance actions. Review Jefferies' analysis of DIP financing. Review DIP motions and cash collateral motion and prepare omnibus objection to same. Telephone calls with financing parties about Creditors' Committee objections (.6); prepare summary of issues (.2). Review of background and summary of DIP Motion and analyze issues for objection (1.5); emails with J. Wishnew and E. Richards regarding same (.3). Review revised cash collateral papers (.4); review and revise Committee limited objection to DIP and cash collateral motions (.8). Wishnew, Jordan A. Freimuth, Renee L.

18-Aug-2010 19-Aug-2010

0.30 3.10

187.50 1,829.00

19-Aug-2010 19-Aug-2010 19-Aug-2010 19-Aug-2010 19-Aug-2010

Guido, Laura Koshgerian, Stephen P. Marinuzzi, Lorenzo Richards, Erica J. Wishnew, Jordan A.

2.50 1.10 0.50 2.60 0.80

575.00 407.00 375.00 1,274.00 500.00

20-Aug-2010

Freimuth, Renee L.

1.80

1,062.00

20-Aug-2010

Marinuzzi, Lorenzo

1.20

900.00

24

066923-0000001 RESTRUCTURING Date 20-Aug-2010 20-Aug-2010 20-Aug-2010 Services Review draft of DIP/cash collateral limited objection (.7); analyze issues (.3). Revise objection to DIP motions and cash collateral motion. Coordinate drafting of omnibus objection to terms of DIPs and cash collateral orders (.4); telephone calls with financing parties concerning Creditors' Committee's objections to specific lien/claim provisions (.6); review final form of cash collateral order (.4).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Nashelsky, Larren M. Richards, Erica J. Wishnew, Jordan A. Hours 1.00 1.20 1.40 Value 900.00 588.00 875.00

22-Aug-2010

Review revised draft of cash collateral and DIP objection Freimuth, Renee L. (.3); emails with J. Wishnew, E. Richards and L. Marinuzzi regarding same (.3). Review and revise drafts of Creditors' Committee limited Marinuzzi, Lorenzo objection to financing motions (1.2); correspondence with J. Wishnew regarding status of discussions with lenders (.3); correspondence to M. Carmel regarding Creditors' Committee concerns on financing (.2). Revise objection to DIP motions and cash collateral motion. Richards, Erica J.

0.60

354.00

22-Aug-2010

1.70

1,275.00

22-Aug-2010 22-Aug-2010

1.00 0.40

490.00 250.00

Prepare e-mail summarizing status of discussion with Wishnew, Jordan A. financing parties concerning Creditors' Committee objections (.2); review draft DIP/cash collateral objection (.2). Summarize objections to cash collateral and management Koshgerian, Stephen P. motions. Review various DIP and cash collateral objections. Summarize recently filed objections to cash collateral and management motions. Review various DIP and cash collateral supplement. Draft and revise summaries of recently filed objections to cash collateral and management motions. Review DIP objections filed by third parties. Summarize declarations and Debtors' omnibus reply to objections to cash collateral and DIP Motions. Summarize declarations and Debtors' omnibus reply to objections to cash collateral and DIP motions (2.8); distribute same to working group (.2). Review and comment on summary of Debtors' reply to objectors to cash collateral motion and DIP motions. Research issue of superpriority lien attachment to avoidance actions. Freimuth, Renee L. Koshgerian, Stephen P. Freimuth, Renee L. Koshgerian, Stephen P. Marinuzzi, Lorenzo Koshgerian, Stephen P. Koshgerian, Stephen P.

23-Aug-2010 24-Aug-2010 24-Aug-2010 25-Aug-2010 25-Aug-2010 25-Aug-2010 28-Aug-2010 29-Aug-2010

1.50 0.60 5.10 0.40 5.30 1.10 4.50 3.00

555.00 354.00 1,887.00 236.00 1,961.00 825.00 1,665.00 1,110.00

29-Aug-2010 30-Aug-2010

Molison, Stacy L. Koshgerian, Stephen P.

0.80 4.00

344.00 1,480.00

25

066923-0000001 RESTRUCTURING Date 30-Aug-2010 Services Review Creditors' Committee papers on DIP and cash collateral motions, case law on superpriority claims on avoidance actions. (1.1); review objections to cash collateral motion filed by secured parties (.8); review revised cash collateral order (.6); telephone call with M. Carmel and lender representatives regarding attempted resolution of cash collateral objection (.6).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Marinuzzi, Lorenzo Hours 3.10 Value 2,325.00

30-Aug-2010 30-Aug-2010

Review certain provisions of Debtors' cash collateral and Molison, Stacy L. DIP motions pertaining to superpriority liens. Review research regarding superpriority claims with respect to avoidance actions and prepare materials for hearing regarding same. Richards, Erica J.

0.40 1.00

172.00 490.00

30-Aug-2010

Research precedent related to superpriority claim against Wishnew, Jordan A. avoidance action proceeds (1.6); review DIP orders and cash collateral order, prepare summary for 8/31 hearing and participate in call with secured creditors to try and negotiate resolution of contested issues (1.3). Research issue of superpriority liens on avoidance actions. Research issues related to grant of superpriority claims on avoidance actions and prepare summary of same. Review blacklined cash collateral order (.2); review cases concerning attaching superpriority claim to avoidance action proceeds (.2); monitor financing hearings (.2). FINANCING Koshgerian, Stephen P. Richards, Erica J. Wishnew, Jordan A.

2.90

1,812.50

31-Aug-2010 31-Aug-2010 31-Aug-2010

2.50 3.30 0.60

925.00 1,617.00 375.00

Total: 009

93.90

47,768.50

MEETINGS OF CREDITORS 28-Jul-2010 28-Jul-2010 Attend organizational meeting of the Creditors' Committee. Attendance at the organizational meeting (4.0); followon meetings with the Creditors' Committee, Debtors and calls with financial advisors (1.5). Prepare for and participate in call of Creditors' Committee to choose financial advisors for interviews. Participate in conference call with Creditors' Committee to discuss selection of financial advisors. Participate in initial Creditors' Committee meeting. Creditors' Committee meeting to interview and choose financial advisor. Discussions with the Creditors' Committee regarding financial advisors and selection of Jefferies. Prepare for and participate on Creditors' Committee call. Marinuzzi, Lorenzo Miller, Brett H. 4.00 5.50 3,000.00 4,812.50

29-Jul-2010 29-Jul-2010 29-Jul-2010 30-Jul-2010 30-Jul-2010 30-Jul-2010

Marinuzzi, Lorenzo Molison, Stacy L. Wishnew, Jordan A. Marinuzzi, Lorenzo Miller, Brett H. Richards, Erica J.

1.30 0.60 0.40 2.00 4.50 1.20

975.00 258.00 250.00 1,500.00 3,937.50 588.00

26

066923-0000001 RESTRUCTURING Date 02-Aug-2010 02-Aug-2010 02-Aug-2010 03-Aug-2010 03-Aug-2010 04-Aug-2010 Services Draft agenda for first Creditors' Committee meeting. Revise agenda for next Creditors' Committee call. Review and revise draft Agenda for 8/4 Creditors' Committee call. Review and revise agenda and exhibits for Creditors' Committee meeting on 8/4. Revise agenda for 8/4 Creditors' Committee call. Preparation and participation on conference call with the Creditors' Committee (1.0); review of Debtors' transactional documents (1.4). Participate in conference call with B. Miller and J. Wishnew, Creditors' Committee, and financial advisors regarding case status and next steps. Participate in weekly Creditors' Committee telephonic meeting. Review and revise summaries for Creditors' Committee meeting agenda. Draft minutes from 8/4 Creditors' Committee meeting (1.1); draft, review and revise agenda for 8/11 Creditors' Committee conference call (1.5). Review and revise Agenda for weekly Creditors' Committee call (.2); review and revise minutes of 8/4 Creditors' Committee call (.2). Finalize agenda for 8/11 Creditors' Committee teleconference. Work with S. Molison to finalize Agenda for 8/11 Creditors' Committee telephonic meeting. Prepare for and lead conference call with Creditors' Committee to review case developments. Participate in Creditors' Committee conference call regarding case status (.5); draft minutes with respect to same (.5). Participate in weekly Creditors' Committee call. Prepare agenda for 8/18 Creditors' Committee conference call. Review and revise agenda and exhibits for 8/18 Creditors' Committee call. Finalize agenda for 8/18 Creditors' Committee conference call.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Koshgerian, Stephen P. Richards, Erica J. Wishnew, Jordan A. Marinuzzi, Lorenzo Richards, Erica J. Miller, Brett H. Hours 1.30 0.30 0.20 0.90 0.20 2.40 Value 481.00 147.00 125.00 675.00 98.00 2,100.00

04-Aug-2010

Molison, Stacy L.

1.00

430.00

04-Aug-2010 09-Aug-2010 09-Aug-2010

Wishnew, Jordan A. Marinuzzi, Lorenzo Molison, Stacy L.

1.00 0.90 2.60

625.00 675.00 1,118.00

09-Aug-2010

Wishnew, Jordan A.

0.40

250.00

10-Aug-2010 10-Aug-2010 11-Aug-2010 11-Aug-2010

Molison, Stacy L. Wishnew, Jordan A. Marinuzzi, Lorenzo Molison, Stacy L.

0.60 0.30 1.40 1.00

258.00 187.50 1,050.00 430.00

11-Aug-2010 16-Aug-2010 17-Aug-2010 17-Aug-2010

Wishnew, Jordan A. Molison, Stacy L. Marinuzzi, Lorenzo Molison, Stacy L.

0.50 0.60 0.50 0.60

312.50 258.00 375.00 258.00

27

066923-0000001 RESTRUCTURING Date 18-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 1.60 Value 1,200.00

Prepare for and lead Creditors' Committee call to discuss Marinuzzi, Lorenzo pending matters, Rule 2004 motion filed by Creditors' Committee (1.0); review Jefferies presentation to Creditors' Committee on update (.6). Draft meeting minutes from 8/18 Creditors' Committee conference call. Prepare for and participate on Creditors' Committee call (.5); review minutes from meeting (.2). Participate in weekly Creditors' Committee call. MEETINGS OF CREDITORS Molison, Stacy L. Richards, Erica J. Wishnew, Jordan A.

18-Aug-2010 18-Aug-2010 18-Aug-2010 Total: 010

0.80 0.70 0.20 39.50

344.00 343.00 125.00 27,186.00

PLAN AND DISCLOSURE STATEMENT 28-Jul-2010 30-Jul-2010 30-Jul-2010 01-Aug-2010 02-Aug-2010 03-Aug-2010 Review Plan Support Agreement materials. Marinuzzi, Lorenzo 1.30 1.50 0.30 0.40 3.00 4.50 975.00 915.00 187.50 300.00 1,830.00 2,745.00

Confer with J. Wishnew regarding summary of PSA (.3); Capucilli, David initial research into same (1.2). Confer with D. Capucilli regarding summary of PSA. Review supplement to Midland Rule 2004 motion on plan term sheet. Reviewing plan support agreement motion and related documentation for in-depth summary. Review and analyze motion to assume Plan Support Agreement (2.3); draft summary of same (1.8); confer with J. Wishnew on same (.4). Confer with L. Nashelsky regarding pre-arranged deal. Meeting with Jefferies regarding Plan Support Agreement issues and Committee review of issues for investigation. Discussions with L. Marinuzzi regarding pre-arranged deal and related issues. Confer with D. Capucilli regarding motion to assume Plan Support Agreement. Continued drafting of analysis of Plan Support Agreement. Continue drafting of PSA summary (2.1); confer with J. Wishnew on same (.2). Confer with L. Nashelsky regarding Apollo deal and related issues. Discussions with B. Miller regarding Apollo deal, strategy and related issues. Wishnew, Jordan A. Marinuzzi, Lorenzo Capucilli, David Capucilli, David

03-Aug-2010 03-Aug-2010

Marinuzzi, Lorenzo Miller, Brett H.

0.80 3.00

600.00 2,625.00

03-Aug-2010 03-Aug-2010 04-Aug-2010 04-Aug-2010 04-Aug-2010 04-Aug-2010 04-Aug-2010 05-Aug-2010

Nashelsky, Larren M. Wishnew, Jordan A. Capucilli, David Capucilli, David Miller, Brett H. Nashelsky, Larren M.

0.80 0.40 4.00 2.30 0.70 0.70 0.20 0.90

720.00 250.00 2,440.00 1,403.00 612.50 630.00 125.00 675.00

Review summary and analysis of PSA with D. Capucilli. Wishnew, Jordan A. Confer with L. Nashelsky regarding pre-arranged plan. Marinuzzi, Lorenzo

28

066923-0000001 RESTRUCTURING Date 05-Aug-2010 05-Aug-2010 06-Aug-2010 10-Aug-2010 10-Aug-2010 10-Aug-2010 11-Aug-2010 11-Aug-2010 11-Aug-2010 12-Aug-2010 13-Aug-2010 13-Aug-2010 Services Discussions with L. Marinuzzi regarding case strategy with pre-arranged plan and disclosure statement. Review and revise summary of PSA motion. Work with D. Capucilli to develop analysis of motion to assume PSA. Follow up research on issues with Plan Support Agreement (1.2); draft same (1.8). Confer with L. Nashelsky regarding Apollo and Lehman deal.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Nashelsky, Larren M. Wishnew, Jordan A. Wishnew, Jordan A. Capucilli, David Marinuzzi, Lorenzo Hours 0.90 0.60 0.30 3.00 0.40 0.40 4.20 0.70 0.20 0.40 1.00 0.40 Value 810.00 375.00 187.50 1,830.00 300.00 360.00 2,562.00 525.00 125.00 250.00 610.00 250.00

Discussions with L. Marinuzzi regarding issues with deal Nashelsky, Larren M. with Apollo and Lehman. Continued research and analysis on Plan Support Agreement arguments (3.7); draft email on same (.5). Review Appaloosa objection to PSA filed in Lehman case. Review Apollo's objection in Lehman bankruptcy case concerning PSA motion. Review analysis of PSA. Confer with J. Wishnew on PSA objection (.2); initial work on PSA objection (.8). Coordinate production of PSA statement ahead of 8/23 objection deadline (.2); coordinate production of PSA statement with D. Capucilli (.2). Review Lehman reply to Appaloosa objection in LBHI case. Draft reservation of rights for Plan Support Agreement (3); review documents on same (1); confer with J. Wishnew on same (.2). Review statement concerning PSA with D. Capucilli. Confer with J. Wishnew on changes to PSA reservation of rights (.3); review and revise same (.7). Review and revise reservation of rights related to PSA motion (.5); confer with D. Capucilli regarding same (.3). Capucilli, David Marinuzzi, Lorenzo Wishnew, Jordan A. Wishnew, Jordan A. Capucilli, David Wishnew, Jordan A.

16-Aug-2010 17-Aug-2010

Marinuzzi, Lorenzo Capucilli, David

0.70 4.20

525.00 2,562.00

17-Aug-2010 18-Aug-2010 18-Aug-2010

Wishnew, Jordan A. Capucilli, David Wishnew, Jordan A.

0.20 1.00 0.80

125.00 610.00 500.00

19-Aug-2010

Review and revise PSA reservation of rights (1.5); confer Capucilli, David with J. Wishnew on same (.5); forward same to L. Marinuzzi (.2). Prepare revisions to PSA reservation of rights (.4); confer with D. Capucilli regarding same (.5). Wishnew, Jordan A.

2.20

1,342.00

19-Aug-2010

0.90

562.50

29

066923-0000001 RESTRUCTURING Date 20-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 2.60 Value 1,586.00

Revise PSA reservation of rights (1.3); confer with L. Capucilli, David Marinuzzi on same and changes to same (.5); confer with J. Wishnew on same (.1); review documents in connection with PSA (.7). Review PSA and draft reply/reservation of rights on PSA Marinuzzi, Lorenzo motion to be filed on Creditors' Committee behalf (1.0); confer with D. Capucilli regarding same (.5). Confer with D. Capucilli regarding PSA reservation of rights. Review and revise multiple versions of PSA reservation of rights (1.5); confer with L. Marinuzzi on same (.5). Confer with D. Capucilli regarding PSA reservation of rights. Review issues related to preparation of PSA reservation of rights statement. Review and revise PSA reservation of rights. Review and revise several versions of PSA pleading to be filed by Creditors' Committee (1.5); correspondence to/from M. Carmel regarding PSA questions (.3). Review revisions to PSA reservation of rights. Wishnew, Jordan A. Capucilli, David Marinuzzi, Lorenzo Wishnew, Jordan A. Capucilli, David Marinuzzi, Lorenzo

20-Aug-2010

1.50

1,125.00

20-Aug-2010 21-Aug-2010 21-Aug-2010 21-Aug-2010 22-Aug-2010 22-Aug-2010

0.10 2.00 0.50 0.20 1.00 1.80

62.50 1,220.00 375.00 125.00 610.00 1,350.00

22-Aug-2010 23-Aug-2010

Wishnew, Jordan A.

0.20 1.00

125.00 610.00

Finalize reservation of rights for PSA (.6); confer with S. Capucilli, David Molison on same (.1); confer with R. Freimuth on same (.1); confer with L. Marinuzzi on same (.2). Review revised PSA reservation of rights (.5); conference with D. Capucilli regarding same (.1). Finalize Committee statement on PSA (.5); confer with D. Capucilli regarding same (.2); review Midland object to PSA (.9); review Five Mile objection to PSA (.6); memo to team on Five Mile papers (.4). Review and revise reservation of rights with respect to PSA motion (1.4); confer with D. Capucilli regarding same (.1). Attention to summaries regarding objections to Plan Support Agreement. Attention to summaries of objections to PSA motion. Review and analyze Debtors' reply to objections to PSA motion and corresponding declaration. Freimuth, Renee L. Marinuzzi, Lorenzo

23-Aug-2010 23-Aug-2010

0.60 2.60

354.00 1,950.00

23-Aug-2010

Molison, Stacy L.

1.50

645.00

23-Aug-2010 24-Aug-2010 27-Aug-2010 28-Aug-2010 29-Aug-2010

Wishnew, Jordan A. Molison, Stacy L. Molison, Stacy L.

0.20 0.50 1.60 6.00 1.10

125.00 215.00 688.00 2,580.00 825.00

Review, revise, analyze and summarize Debtors' reply to Molison, Stacy L. objectors to PSA motion. Review Debtors' reply to PSA objection, Beilenson declaration in support of same Marinuzzi, Lorenzo

30

066923-0000001 RESTRUCTURING Date 29-Aug-2010 30-Aug-2010 30-Aug-2010 31-Aug-2010 31-Aug-2010 Services Finalize summary of Debtors' reply to objectors to PSA motion. Review Midland plan proposal with Five Mile. Review order unsealing PSA pleadings (.2); review Midland's exclusivity termination motion (.2). Draft summaries of Midland motions to terminate exclusivity. Discuss PSA objection with J. Pawlitz (K&E) regarding resolution (.5); review PSA objections filed by Midland and other lenders in anticipation of hearing (1.7); review Creditors' Committee PSA objection for hearing (.5). Review Midland's motion to terminate plan exclusivity. PLAN AND DISCLOSURE STATEMENT

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Molison, Stacy L. Marinuzzi, Lorenzo Wishnew, Jordan A. Koshgerian, Stephen P. Marinuzzi, Lorenzo Hours 1.20 1.20 0.40 1.30 2.40 Value 516.00 900.00 250.00 481.00 1,800.00

31-Aug-2010 Total: 011

Wishnew, Jordan A.

0.40 79.20

250.00 50,211.50

RELIEF FROM STAY PROCEEDINGS 18-Aug-2010 31-Aug-2010 Total: 012 HEARINGS 31-Jul-2010 02-Aug-2010 02-Aug-2010 02-Aug-2010 Review and discuss Midland pleadings for Monday hearing on Rule 2004. Prepare for and attendance at Rule 2004 motion hearing. Attend Neff Corp. hearing at SDNY Bankruptcy court. Preparation for and attendance at Midland rule 2004 hearing and conference call with Midland to discuss litigation/discovery issues. Attend hearing concerning Midland's discovery motion. Prepare 8/12 hearing materials. Continue 8/12 hearing preparation. Prepare for and participate in hearing on second day motions. Attend "second day" omnibus hearing. Participate in telephonic discovery conference with Judge Chapman, Debtors and Marriott concerning upcoming contested motions. Miller, Brett H. Engelhardt, Stefan W. Koshgerian, Stephen P. Miller, Brett H. 3.50 2.30 1.50 5.50 3,062.50 1,713.50 555.00 4,812.50 Review background documents relating to Marriott lift stay motion to prepare for deposition. Review TriMont motion. RELIEF FROM STAY PROCEEDINGS Freimuth, Renee L. Wishnew, Jordan A. 1.30 0.20 1.50 767.00 125.00 892.00

02-Aug-2010 10-Aug-2010 11-Aug-2010 12-Aug-2010 12-Aug-2010 13-Aug-2010

Wishnew, Jordan A. Guido, Laura Guido, Laura Marinuzzi, Lorenzo Wishnew, Jordan A. Wishnew, Jordan A.

2.00 2.50 1.40 3.30 3.00 0.50

1,250.00 575.00 322.00 2,475.00 1,875.00 312.50

31

066923-0000001 RESTRUCTURING Date 18-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 4.50 Value 1,935.00

Prepare for and attend Lehman Brothers' bankruptcy Molison, Stacy L. hearing regarding Lehman's ability to consent to Lehman ALI entering into the Plan Support Agreement in Innkeepers bankruptcy (4.0); draft summary regarding same (.5). Prepare 8/25 hearing materials. Prepare additional materials for hearing (.8); email with P. Galante and L. Marinuzzi regarding hearing (.2); emails with S. Molison and L. Guido regarding status conference and hearing preparation (.2). Prepare for and attend hearing regarding Rule 2004 motion. File affidavit of service for change of 8/25 hearing time (.2); prepare materials for 8/30 pre-trial conference and initial preparation for 9/1 omnibus hearing (3.2). Courier court files to L. Marinuzzi and P. Galante at hearing. Guido, Laura Freimuth, Renee L.

24-Aug-2010 25-Aug-2010

1.10 1.20

253.00 708.00

25-Aug-2010 25-Aug-2010

Galante, Paul A. Guido, Laura

2.00 3.40

1,300.00 782.00

25-Aug-2010 25-Aug-2010 27-Aug-2010 27-Aug-2010 30-Aug-2010 30-Aug-2010 30-Aug-2010 31-Aug-2010 31-Aug-2010 Total: 013

Koshgerian, Stephen P.

1.40 2.00 5.00 0.90 2.70 2.80 2.00 5.50 5.30 65.30

518.00 1,500.00 1,150.00 387.00 621.00 2,100.00 1,250.00 4,125.00 2,597.00 36,179.00

Prepare for and attend hearing on Creditors' Committee's Marinuzzi, Lorenzo Rule 2004 motion. Prepare additional hearing binder for 8/30 conference and 9/1 omnibus hearing per J. Wishnew. Coordinate preparation of materials for 8/30 pre-trial conference. Prepare 8/31 and 9/1 hearing materials. Guido, Laura Molison, Stacy L. Guido, Laura

Prepare for and attend status conference on scheduling of Marinuzzi, Lorenzo 9/1 Motions and confidentiality matters. Attend status conference ahead of 8/31 and 9/1 hearings. Attend hearing on Debtors' cash collateral and Marriott settlement motions. Attend hearing on DIP/cash collateral motions. HEARINGS Wishnew, Jordan A. Marinuzzi, Lorenzo Richards, Erica J.

COMMUNICATION WITH CREDITORS 28-Jul-2010 28-Jul-2010 29-Jul-2010 Correspondence to Creditors' Committee members regarding interviews of financial advisors. Contact Creditors' Committee members and coordinate first committee meeting Correspondence to members of Creditors' Committee regarding committee process. Marinuzzi, Lorenzo Wishnew, Jordan A. Marinuzzi, Lorenzo 0.80 0.40 0.80 600.00 250.00 600.00

32

066923-0000001 RESTRUCTURING Date 29-Jul-2010 Services Correspond with Creditors' Committee members about committee issues(.2); send e-mail to Creditors' Committee advising of afternoon telephonic meeting (.2).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Wishnew, Jordan A. Hours 0.40 Value 250.00

02-Aug-2010

Prepare for and participate in call with Midland to review Marinuzzi, Lorenzo case background and strategy (.8); correspondence to/from K. Venezie regarding reimbursement of expenses (.4). Participate in telephone call with Midland's counsel concerning case status and issues. Prepare e-mails to Creditors' Committee and individual members concerning 8/4 meeting and creditor-specific issues. Prepare for and participate in teleconference meeting of the Creditors' Committee (.8); correspondence to/from American Hotel representative regarding calculation of claims (.3). Review, analyze and summarize objection to utilities motion. Wishnew, Jordan A. Wishnew, Jordan A.

1.20

900.00

02-Aug-2010 03-Aug-2010

1.00 0.70

625.00 437.50

04-Aug-2010

Marinuzzi, Lorenzo

1.10

825.00

04-Aug-2010 04-Aug-2010

Richards, Erica J.

0.10 0.60

49.00 375.00

Prepare e-mail to M. Stavar providing initial committee Wishnew, Jordan A. materials (.3); prepare e-mail to D. Newman providing draft by-laws (.1); correspond with different members on committee-related issues (.2). Correspondence to/from J. Shipkowski regarding claims calculation (.2); correspondence to/from J. Marines regarding American Hotel claims calculations (.1). Prepare e-mails to Creditors' Committee members concerning 8/11 committee meeting. Correspondence to/from A. Newton of Triangle Renovations regarding pre-petition payments for release of goods. Telephone call with A. Newton of Triangle Renovations regarding renovations and scheduling. Telephone call with DG Capital concerning case status. Prepare e-mail to Creditors' Committee advising of 8/18 committee call. Marinuzzi, Lorenzo

05-Aug-2010

0.30

225.00

10-Aug-2010 12-Aug-2010

Wishnew, Jordan A. Marinuzzi, Lorenzo

0.20 0.60

125.00 450.00

16-Aug-2010 16-Aug-2010 17-Aug-2010 19-Aug-2010 20-Aug-2010 24-Aug-2010

Marinuzzi, Lorenzo Wishnew, Jordan A. Wishnew, Jordan A.

0.60 0.30 0.20 0.20 0.20 0.50

450.00 187.50 125.00 125.00 125.00 295.00

Prepare e-mail to Creditors' Committee about availability Wishnew, Jordan A. for a call during the week of 8/23. Prepare e-mail to Creditors' Committee canceling committee call for week of 8/23 - 8/27. Wishnew, Jordan A.

Email update to Creditors' Committee regarding Marriott Freimuth, Renee L. settlement.

33

066923-0000001 RESTRUCTURING Date 26-Aug-2010 Services Communication with and respond to requests of K. Donnelly regarding confidentiality agreement, Creditors' Committee questionnaire and payment of prepetition claims of certain vendors (1.9); follow-up with J. Wishnew regarding payment of prepetition claims of certain vendors (.1); distribute weekly update to Creditors' Committee including memorandum regarding objections to examiner motion, PSA motion, cash collateral motion and DIP motions (1.0). Address issues raised by Creditors' Committee member concerning confidentiality, by-laws and critical vendor claims. Assist S. Molison with distributing e-mail update to Creditors' Committee (.1); telephone call with contractor concerning claim against debtor entity (.1).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Molison, Stacy L. Hours 3.00 Value 1,290.00

26-Aug-2010

Wishnew, Jordan A.

0.20

125.00

26-Aug-2010

Wishnew, Jordan A.

0.20

125.00

27-Aug-2010

Telephone call with L. Almeida (creditor) regarding list Marinuzzi, Lorenzo of debtor entities and hotels (.3); correspondence to/from A. Rohan (Jefferies) regarding creditor inquiries on hotel properties (.4); telephone calls and correspondence with A. Newton (Triangle) regarding continuing renovations to properties (.5); call and correspondence with B. Gerstein (PDQ) regarding confidentiality agreement (.4). Distribute weekly update from Jefferies Confer with J. D'Amico and J. Wishnew regarding Debtors' payment of certain prepetition creditors. Molison, Stacy L. Molison, Stacy L.

1.60

1,200.00

27-Aug-2010 27-Aug-2010 27-Aug-2010

0.70 0.20 0.60

301.00 86.00 375.00

Assist S. Molison with distribution of Jefferies' materials Wishnew, Jordan A. to Creditors' Committee and posting of materials for creditors about hotel properties (.4); follow up with S. Molison and J. D'Amico concerning creditor inquiry about critical vendors (.2). Attention to question raised by K. Donnelly regarding Debtors' payment of certain prepetition vendors. Molison, Stacy L.

30-Aug-2010 31-Aug-2010

0.20 1.00

86.00 625.00

Prepare e-mail to Creditors' Committee providing update Wishnew, Jordan A. as to material case developments (.7); e-mail and speak with interested parties (.3). COMMUNICATION WITH CREDITORS

Total: 016

17.90

11,232.00

LEASE/REAL ESTATE ANALYSIS 30-Jul-2010 Correspondence to/from J. Marines (K&E) regarding review of commercial mortgage backed securities documents (.2); discussion with J. Temple on review of commercial mortgage backed securities structures (.3). Call and emails with M. Edelstein and deal team regarding deal (.7); confer with L. Marinuzzi about commercial mortgage backed securities structures (.3). Marinuzzi, Lorenzo 0.50 375.00

30-Jul-2010

Temple, Jeffrey J.

1.00

795.00

34

066923-0000001 RESTRUCTURING Date 02-Aug-2010 04-Aug-2010 06-Aug-2010 06-Aug-2010 Services Review work chart and summary of financings and several conversations with deal team. Review PSAs and other materials.

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Temple, Jeffrey J. Temple, Jeffrey J. Hours 1.90 2.80 2.80 0.80 Value 1,510.50 2,226.00 2,226.00 500.00

Review diligence materials (1.7); review data room (1.1). Temple, Jeffrey J. Review documents in dataroom concerning details of prepetition debt (.4); telephone call with A. Rohan concerning asset and debt analysis (.2); continue reviewing 2007 merger documents (.2). Discuss document review with J. Temple and D. Quarry. Conference with J. Temple and N. Armstrong regarding document review (.4); review summaries of transaction (1.2); review documentation in data room (1.9). Continue work on transaction (1.0); review of pooling and servicing agreements (.4); confer with N. Armstrong and D. Quarry regarding document review (.4); review data room (1.2). Review documents in data room (1.0); review certain loan documents (1.0). Continue work on diligence (2.5); prepare email summarizing scope of review (.9). Read through summary of financing structure and summary motions (.9); review dataroom (.2). Continue work on diligence (.3), review website (.3), meet with M. Edelstein regarding diligence (.4); commence review of loan documents and pooling and servicing agreements (1.8). Meet with J. Temple and D. Quarry regarding document review (.3); provide forms of summaries to J. Temple (.3). Conference with J. Temple and N. Armstrong regarding document review (.3); review documents in data room (.7). Conference with D. Quarry and N. Armstrong regarding document reviews. Discuss reviewing pooling and servicing agreements with J. Temple. Work on real estate diligence including mortgage loans and pooling and servicing agreements (1.1); review agreements (2.6); meeting with N. Armstrong regarding same (.3). Review pooling and servicing agreements for collateral pool and consistency (1.3); confer with D. Quarry regarding data room (.2); begin to prepare summary of floating rate loans (.7). Wishnew, Jordan A.

09-Aug-2010 09-Aug-2010

Armstrong, Naja R. Quarry, Diana L.

0.40 3.50

172.00 1,505.00

09-Aug-2010

Temple, Jeffrey J.

3.00

2,385.00

10-Aug-2010 10-Aug-2010 11-Aug-2010 11-Aug-2010

Quarry, Diana L. Temple, Jeffrey J. Armstrong, Naja R. Temple, Jeffrey J.

2.00 3.40 1.10 2.80

860.00 2,703.00 473.00 2,226.00

12-Aug-2010

Armstrong, Naja R.

0.60

258.00

12-Aug-2010

Quarry, Diana L.

1.00

430.00

12-Aug-2010 13-Aug-2010 13-Aug-2010

Temple, Jeffrey J. Armstrong, Naja R. Temple, Jeffrey J.

0.30 0.30 4.00

238.50 129.00 3,180.00

16-Aug-2010

Armstrong, Naja R.

2.20

946.00

35

066923-0000001 RESTRUCTURING Date 16-Aug-2010 16-Aug-2010 17-Aug-2010 17-Aug-2010 17-Aug-2010 18-Aug-2010 18-Aug-2010 18-Aug-2010 19-Aug-2010 19-Aug-2010 19-Aug-2010 20-Aug-2010 20-Aug-2010 20-Aug-2010 Services Conference with N. Armstrong regarding data room (.2); review documents in data room (.2). Continue work on diligence. Begin to prepare summary of senior floating rate loan. Review terms of $825MM Fixed Rate Loan Agreement (3.2); begin to prepare summary of same (3.9). Continue work on diligence, review various pooling and servicing agreements and prepare summaries. Prepare summary of senior floating rate loan. Review terms of $825MM Fixed Rate Loan Agreement (2.1); prepare summary of same (2.5). Continue work on diligence. Prepare summary of senior floating rate loan. Review terms of $825MM Fixed Rate Loan Agreement (1.2); prepare summary of same (1.9). Continue work on diligence. Prepare summary of senior floating rate loan agreement (.7); confer with D. Quarry regarding same (.3). Review pooling and servicing agreement (.6); correspondence with J. Temple regarding same (.2). Conference with N. Armstrong regarding $250MM Floating Rate Loan Agreement and accompanying mezzanine loan agreement (.3); complete initial draft of $825MM Fixed Rate Loan Agreement summary (1.4). Continue work on diligence. Review and summarize terms of loan documents. Review and summarize terms of loan documents. Review terms of settlement agreement with Marriott International, address related financing issues. Prepare summary of pooling and servicing agreement. Review and summarize terms of loan documents. Prepare pooling and servicing agreement abstract. Review and summarize terms of $250 Million Floating Rate Senior Loan Agreement. Prepare pooling and servicing agreement abstract. Review diligence materials. Prepare pooling and servicing agreement abstract (2.9); confer with D. Quarry regarding loan documents (.1).

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Quarry, Diana L. Temple, Jeffrey J. Armstrong, Naja R. Quarry, Diana L. Temple, Jeffrey J. Armstrong, Naja R. Quarry, Diana L. Temple, Jeffrey J. Armstrong, Naja R. Quarry, Diana L. Temple, Jeffrey J. Armstrong, Naja R. McGovern, Thomas P. Quarry, Diana L. Hours 0.40 4.00 5.50 7.10 5.00 0.40 4.60 2.00 2.10 3.10 1.50 1.00 0.80 1.70 Value 172.00 3,180.00 2,365.00 3,053.00 3,975.00 172.00 1,978.00 1,590.00 903.00 1,333.00 1,192.50 430.00 488.00 731.00

20-Aug-2010 23-Aug-2010 24-Aug-2010 24-Aug-2010 25-Aug-2010 25-Aug-2010 26-Aug-2010 26-Aug-2010 27-Aug-2010 27-Aug-2010 30-Aug-2010

Temple, Jeffrey J. Quarry, Diana L. Quarry, Diana L. Wishnew, Jordan A. McGovern, Thomas P. Quarry, Diana L. McGovern, Thomas P. Quarry, Diana L. McGovern, Thomas P. Temple, Jeffrey J. McGovern, Thomas P.

1.50 0.70 0.70 0.80 1.30 3.40 4.30 2.20 2.30 1.50 3.00

1,192.50 301.00 301.00 500.00 793.00 1,462.00 2,623.00 946.00 1,403.00 1,192.50 1,830.00

36

066923-0000001 RESTRUCTURING Date 30-Aug-2010 Services

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Hours 0.30 Value 129.00

Conference with T. McGovern regarding loan documents Quarry, Diana L. (.1); prepare revisions to summary of loan documents (.2). Work on diligence, including review of loan documentation. Prepare lease review for floating rate loans (4.3); review due diligence materials (3.0). Prepare abstracts (1.0); meeting with M. Edelstein regarding same (.5); meeting with J. Temple regarding diligence (.4); review documents (.6). Work on diligence (1.6); meet with J. Wishnew to discuss scope of review (.5); meet with T. McGovern regarding same (.4). Confer with J. Temple regarding scope of review. LEASE/REAL ESTATE ANALYSIS Temple, Jeffrey J. Armstrong, Naja R. McGovern, Thomas P.

30-Aug-2010 31-Aug-2010 31-Aug-2010

2.50 7.30 2.50

1,987.50 3,139.00 1,525.00

31-Aug-2010

Temple, Jeffrey J.

2.50

1,987.50

31-Aug-2010 Total: 017

Wishnew, Jordan A.

0.50 110.90

312.50 66,325.00

FIRST DAY MOTIONS AND HEARINGS 28-Jul-2010 28-Jul-2010 28-Jul-2010 29-Jul-2010 29-Jul-2010 29-Jul-2010 Obtain first-day filings for bankruptcy group (.3); prepare creditors and debtors list for conflicts check (.2). Review transcript of first day hearing. Review first day motions. Distribute first day documents. Distribution of first day documents. Keeton, Douglas Richards, Erica J. Wishnew, Jordan A. Guido, Laura Guido, Laura 0.50 1.50 2.20 0.50 0.50 2.90 97.50 735.00 1,375.00 115.00 115.00 1,247.00

Review and analyze Debtors' motions regarding payment Molison, Stacy L. of ordinary course professionals, interim compensation, insurance and utilities (2.0); update, review and revise chart tracking open matters with respect to same (.6); confer with J. Wishnew regarding same (.3). Review ordinary course professionals and utilities' Wishnew, Jordan A. motions and proposed modifications to orders, as well as prepetition taxes, hotel management, insurance and prepetition vendors and lienor motions (1.5); confer with S. Molison regarding open matters for same (.3). Review proposed final orders for Kirkland, Moelis retentions and shippers/warehousemen motion. Confer with J. Wishnew regarding modifications to first day orders. Review first day pleadings and summaries. Review first day orders, identify modifications and blackline (.5); discuss same with L. Marinuzzi (.2); prepare e-mail to Debtors' counsel concerning first day orders and motions (.2). Wishnew, Jordan A. Marinuzzi, Lorenzo Temple, Jeffrey J. Wishnew, Jordan A.

29-Jul-2010

1.80

1,125.00

01-Aug-2010 02-Aug-2010 02-Aug-2010 02-Aug-2010

0.60 0.20 1.10 0.90

375.00 150.00 874.50 562.50

37

066923-0000001 RESTRUCTURING Date 03-Aug-2010 03-Aug-2010 Services Review first day motion comments and order revisions with J. Wishnew. Prepare e-mail to Debtors' counsel forwarding minor comments to first day motions (.2); confer with L. Marinuzzi regarding first day motions and orders (.6). Participate in committee conference call. Review filed objections to first day motions. Revise summaries of objections to first-day motions (2.3); review, analyze, and summarize additional objections filed to first day motions (1.0). Prepare binder of first day orders and related filings. Review draft of objections to first day motions (.6); research in connection with same (.4). FIRST DAY MOTIONS AND HEARINGS

Invoice Number: 4962153 Invoice Date: September 24, 2010 Timekeeper Marinuzzi, Lorenzo Wishnew, Jordan A. Hours 0.60 0.80 Value 450.00 500.00

04-Aug-2010 05-Aug-2010 06-Aug-2010

Engelhardt, Stefan W. Wishnew, Jordan A. Richards, Erica J.

0.50 0.80 3.30

372.50 500.00 1,617.00

12-Aug-2010 20-Aug-2010 Total: 019

Guido, Laura Freimuth, Renee L.

0.80 1.00 20.50

184.00 590.00 10,985.00

2007 TRASNX. INVEST. 04-Aug-2010 08-Aug-2010 09-Aug-2010 09-Aug-2010 11-Aug-2010 11-Aug-2010 21-Aug-2010 30-Aug-2010 Total: 022 Review Tribune examiner's report to possible parallels for 2007 going-private transaction. Review proxy for 2007 merger. Confer with J. Wishnew regarding 2007 merger. Review details of 2007 merger with S. Engelhardt. Confer with J. Wishnew regarding 2007 merger. Discuss details of 2007 merger investigation with P. Galante. Review Jefferies' high-level summary of 2007 Transaction details. Conference with S. Engelhardt regarding 2007 investigation issues. 2007 TRASNX. INVEST. Wishnew, Jordan A. Wishnew, Jordan A. Engelhardt, Stefan W. Wishnew, Jordan A. Galante, Paul A. Wishnew, Jordan A. Wishnew, Jordan A. Marinuzzi, Lorenzo 1.50 0.50 0.20 0.20 0.20 0.20 0.10 0.50 3.40 937.50 312.50 149.00 125.00 130.00 125.00 62.50 375.00 2,216.50

PREPETITION LIEN REVIEW 31-Aug-2010 Review status of review of key provisions in Fixed Rate Wishnew, Jordan A. and Floating Rate debt, and coordinate review of Pooling and Servicing Agreements and related documents. PREPETITION LIEN REVIEW 0.70 437.50

Total: 023

0.70

437.50

Total Fees

562,982.50

38

066923-0000001 RESTRUCTURING

Invoice Number: 4962153 Invoice Date: September 24, 2010

Timekeeper Summary

Title Partner Partner Partner Partner Partner Associate Associate Associate Associate Associate Associate Associate Associate Associate Associate Associate Paralegal Paralegal

Name Engelhardt, Stefan W. Marinuzzi, Lorenzo Miller, Brett H. Nashelsky, Larren M. Temple, Jeffrey J. Armstrong, Naja R. Capucilli, David Freimuth, Renee L. Galante, Paul A. Koshgerian, Stephen P. McGovern, Thomas P. Molison, Stacy L. Pizzurro, Eileen A. Quarry, Diana L. Richards, Erica J. Wishnew, Jordan A. Guido, Laura Keeton, Douglas TOTAL

Hours 29.50 143.40 36.80 11.00 43.60 20.90 42.40 43.30 114.10 42.90 14.20 134.20 19.10 30.70 84.60 97.90 54.40 4.30 967.30

Rate 745.00 750.00 875.00 900.00 795.00 430.00 610.00 590.00 650.00 370.00 610.00 430.00 560.00 430.00 490.00 625.00 230.00 195.00

Value 21,977.50 107,550.00 32,200.00 9,900.00 34,662.00 8,987.00 25,864.00 25,547.00 74,165.00 15,873.00 8,662.00 57,706.00 10,696.00 13,201.00 41,454.00 61,187.50 12,512.00 838.50 562,982.50

39

066923-0000001 RESTRUCTURING

Invoice Number: 4962153 Invoice Date: September 24, 2010

TASK CODE SUMMARY: Task Code 001 002 003 004 005 006 007 008 009 010 011 012 013 016 017 019 022 023 Description ASSET ANALYSIS AND RECOVERY ASSET DISPOSITION/SALES BUSINESS OPERATIONS AND ADVICE CASE ADMINISTRATION CLAIMS ADMINISTRATION AND OBJECTIONS OTHER MOTIONS AND APPLICATIONS FEE/EMPLOYMENT APPLICATIONS FEE/EMPLOYMENT OBJECTIONS FINANCING MEETINGS OF CREDITORS PLAN AND DISCLOSURE STATEMENT RELIEF FROM STAY PROCEEDINGS HEARINGS COMMUNICATION WITH CREDITORS LEASE/REAL ESTATE ANALYSIS FIRST DAY MOTIONS AND HEARINGS 2007 TRASNX. INVEST. PREPETITION LIEN REVIEW TOTAL Hours 4.50 0.50 25.70 91.70 0.60 383.50 25.80 2.20 93.90 39.50 79.20 1.50 65.30 17.90 110.90 20.50 3.40 0.70 967.30 Amount 3,350.00 375.00 17,519.50 51,180.00 450.00 224,102.50 11,232.50 1,340.00 47,768.50 27,186.00 50,211.50 892.00 36,179.00 11,232.00 66,325.00 10,985.00 2,216.50 437.50 562,982.50

40

066923-0000001 RESTRUCTURING

Invoice Number: 4962153 Invoice Date: September 24, 2010

Disbursement Detail
Date 04-Aug-2010 13-Aug-2010 17-Aug-2010 17-Aug-2010 22-Aug-2010 22-Aug-2010 22-Aug-2010 17-Aug-2010 25-Aug-2010 05-Aug-2010 07-Aug-2010 12-Aug-2010 13-Aug-2010 16-Aug-2010 22-Aug-2010 22-Aug-2010 Disbursement Description Long Distance Telephone TEMPLE JEFFREY J. ER00048917 client related cell phone charges Air Freight JORDAN A. WISHNEW, JORDAN A. WISHNEW, 329 PEARSALL AVE., RIDGEWOOD, 07450, Invoice #:000000E12397330 Tracking #:1ZE123974167232836 Air Freight ANUP SATHY, KIRKLAND AND ELLIS, CHICAGO, 60654, Invoice #:000000E12397340 Tracking #:1ZE123972210131319 Air Freight MARTIN BIENENSTOCK, DEWEY AND LEBOEUF, NEW YORK, 10019, Invoice #:000000E12397340 Tracking #:1ZE123972210131391 Messenger Service - VENDOR: DELUXE DELIVERY SYSTEMS, INC. - Ticket # 02958503, Messenger service delivery to US Trustee. Messenger Service - VENDOR: DELUXE DELIVERY SYSTEMS, INC. - Ticket # 02959527, Messenger service delivery to US Trustees. Messenger Service - VENDOR: DELUXE DELIVERY SYSTEMS, INC. - Ticket # 02960902, Messenger service delivery to Bowling Green NY. Travel MARINUZZI LORENZO ER00048922 Car home after late night work Travel MARINUZZI LORENZO ER00049166 Client related travel Meals TEMPLE JEFFREY J. ER00048917 Overtime Meal Meals TEMPLE JEFFREY J. ER00048917 Overtime Meal Meals WISHNEW JORDAN A. ER00048849 Dinner Meals TEMPLE JEFFREY J. ER00048917 Overtime Meal Meals WISHNEW JORDAN A. ER00048849 Dinner Meals Order ID:163061271 Order Date:8/16/2010 6:52:00PM Vendor Name: Pump Energy Food Comment: Meals Order ID:163362144 Order Date:8/18/2010 7:35:00PM Vendor Name: Amish Market West Comment: Value 20.00 63.21 10.37 10.38 8.00 10.00 14.00 9.00 57.00 18.19 20.00 5.82 18.19 8.75 18.16 12.90

41

066923-0000001 RESTRUCTURING Disbursement Type Transaction Type

Invoice Number: 4962153 Invoice Date: September 24, 2010 Daily Total Rate Quantity Value

Disbursement Type Postage

Transaction Date 16-Aug-2010 31-Aug-2010

Daily Total 46.80 6.10

Rate Quantity 46.80 6.10 Postage Total 1 1

Value

52.90 173 2 2496 6 528 320.50 1 1 1 26.09 202 141.40 7 10 862.50 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2,956.10 1

Photocopies

11-Aug-2010 12-Aug-2010 16-Aug-2010 19-Aug-2010 25-Aug-2010

17.30 0.20 249.60 0.60 52.80

0.10 0.10 0.10 0.10 0.10

Photocopies Total Long Distance Telephone 04-Aug-2010 11-Aug-2010 13-Aug-2010 12.68 7.21 6.20 12.68 7.21 6.20

Long Distance Telephone Total Color Copies 09-Aug-2010 141.40 0.70

Color Copies Total Document Preparation 18-Aug-2010 25-Aug-2010 350.00 512.50 50.00 50.00

Document Preparation Total On-line Research - LEXIS 06-Aug-2010 10-Aug-2010 17-Aug-2010 17-Aug-2010 18-Aug-2010 18-Aug-2010 19-Aug-2010 19-Aug-2010 20-Aug-2010 21-Aug-2010 22-Aug-2010 23-Aug-2010 23-Aug-2010 30-Aug-2010 78.41 51.00 54.83 60.99 175.74 199.75 81.81 304.94 181.26 324.70 86.70 326.40 441.58 587.99 78.41 51.00 54.83 60.99 175.74 199.75 81.81 304.94 181.26 324.70 86.70 326.40 441.58 587.99

On-line Research - LEXIS Total On-line Research - WESTLAW 15-Aug-2010 87.83 87.83

42

066923-0000001 RESTRUCTURING Disbursement Type Transaction Type 17-Aug-2010 17-Aug-2010 19-Aug-2010 23-Aug-2010 23-Aug-2010 24-Aug-2010 29-Aug-2010 30-Aug-2010

Invoice Number: 4962153 Invoice Date: September 24, 2010 Daily Total 17.21 185.96 91.62 (21.02) 42.04 1,222.47 41.54 38.74 Rate Quantity 17.21 185.96 91.62 (21.02) 21.02 1,222.47 41.54 38.74 1 1 1 1 2 1 1 1 1,706.39 Value

On-line Research - WESTLAW Total

Total Disbursements

6,369.85

43

066923-0000001 RESTRUCTURING

Invoice Number: 4962153 Invoice Date: September 24, 2010

COST CODE SUMMARY: Task Code 003 004 005 019 069 073 081 082 047 054 077 Description Postage Photocopies Long Distance Telephone Color Copies Document Preparation Travel On-line Research - LEXIS On-line Research - WESTLAW Air Freight Messenger Service Meals TOTAL Amount 52.90 320.50 46.09 141.40 862.50 66.00 2,956.10 1,706.39 83.96 32.00 102.01 6,369.85

Total Disbursements

6,369.85

Total This Invoice

USD

569,352.35

44