ASSUMPTION AND RELEASE AGREEMENT

Exhibit 10.18

Berkadia Loan No. 00-0000000 & 00-0000000

THIS ASSUMPTION AND RELEASE AGREEMENT (this “Agreement”) is entered into and made effective as of the 27th day of February, 2015 (the “Effective Date”), by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company (“LLC Original Borrower”), and W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership (“LP Original Borrower”; LLC Original Borrower and LP Original Borrower are individually and collectively, as the context may require, referred to as “Original Borrower”), each with a mailing address at c/o Goldman Xxxxx & Co., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company (“LLC New Borrower”), ARC HOSPITALITY PORTFOLIO I BHGL OWNER, LLC, a Delaware limited liability company (“BHGL New Borrower”), ARC HOSPITALITY PORTFOLIO I PXGL OWNER, LLC, a Delaware limited liability company (“PXGL New Borrower”), ARC HOSPITALITY PORTFOLIO I GBGL OWNER, LLC, a Delaware limited liability company (“GBGL New Borrower”), ARC HOSPITALITY PORTFOLIO I NFGL OWNER, LLC, a Delaware limited liability company (“NFGL New Borrower”), ARC HOSPITALITY PORTFOLIO I MBGL 1000 OWNER, LLC, a Delaware limited liability company (“MBGL 1000 New Borrower”), ARC HOSPITALITY PORTFOLIO I MBGL 950 OWNER, LLC, a Delaware limited liability company (“MBGL 950 New Borrower”), ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership (“LP New Borrower”), ARC HOSPITALITY PORTFOLIO I DLGL OWNER, LP, a Delaware limited partnership (“DLGL New Borrower”), and ARC HOSPITALITY PORTFOLIO I SAGL OWNER, LP, a Delaware limited partnership (“SAGL New Borrower”; LLC New Borrower, BHGL New Borrower, PXGL New Borrower, GBGL New Borrower, NFGL New Borrower, MBGL 1000 New Borrower, MBGL 000 Xxx Xxxxxxxx, XX Xxx Xxxxxxxx, XXXX New Borrower and SAGL New Borrower are individually and collectively, as the context may require, referred to as “New Borrower”), each with a mailing address at c/o American Realty Capital, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, X.X. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES (“Lender”), with a mailing address at c/o Berkadia Commercial Mortgage LLC, 000 Xxxxxxxxxx Xxxx, Xxxxx 000, Xxxxxx, Xxxxxxxxxxxx 00000 (“Berkadia”), WHITEHALL STREET GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership (“Whitehall Street Global”), and WHITEHALL PARALLEL GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership (“Whitehall Parallel Global”; Whitehall Street Global and Whitehall Parallel Global are individually and collectively, as the context may require, referred to as “Original Guarantor” and together with the Original Borrower, the “Original Indemnitors”), each with a mailing address at c/o Goldman Xxxxx & Co., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, and AMERICAN

REALTY CAPITAL HOSPITALITY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“ARC OP”) and AMERICAN REALTY CAPITAL HOSPITALITY TRUST, INC., a Maryland corporation (“ARC REIT”; together with Whitehall Street Global and Whitehall Parallel Global, ARC OP and ARC REIT are individually and collectively, as the context may require, referred to as “New Guarantor” and together with the New Borrower, the “New Indemnitors”), each with a mailing address at c/o American Realty Capital, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000.

RECITALS:

The following recitals are a material part of this Agreement:

A. German American Capital Corporation, a Maryland corporation (“Original Lender”), made a real estate mortgage loan in the aggregate original principal amount of $865,000,000.00 to Original Borrower, which Loan is evidenced by that certain (i) Promissory Note A-1, dated April 11, 2014 (together with all addenda, modifications, amendments, riders, exhibits and supplements thereto, the “A-1 Note”), from Original Borrower in the original principal amount of $519,000,000.00 (the “A-1 Loan”), and (ii) Promissory Note A-2, dated April 11, 2014 (together with all addenda, modifications, amendments, riders, exhibits and supplements thereto, the “A-2 Note” and together with the A-1 Note, the “Note”), from Original Borrower in the original principal amount of $346,000,000.00 (the “A-2 Loan” and together with the A-1 Loan, the “Loan”). The Loan is further evidenced, governed and/or secured by the following agreements and documents, all executed and delivered, or caused to be executed and delivered, by Original Borrower for the benefit of Original Lender:

1. that certain Loan Agreement, dated as of April 11, 2014, as amended by that certain First Amendment to Loan Agreement, dated as of June 18, 2014 (collectively, and together with all addenda, modifications, amendments, riders, exhibits and supplements thereto, the “Loan Agreement”);

2. those certain mortgages, deeds of trust, or deeds to secure debt identified on Schedule II attached hereto and by this reference incorporated herein (collectively, together with all addenda, modifications, amendments, riders, exhibits and supplements thereto, the “Mortgage”), encumbering the real properties described on Exhibit A-1 attached hereto and by this reference incorporated herein or the Ground Leases described in Exhibit A-2 attached hereto and by this reference incorporated herein, each as more particularly described in the Mortgage;

3. those certain assignments of leases and rents identified on Schedule II attached hereto (collectively, together with all addenda, modifications, amendments, riders, exhibits and supplements thereto, the “Assignment of Leases”);

4. that certain Assignment of Agreements (as defined in the Loan Agreement);

5. that certain Collateral Assignment of Interest Rate Protection Agreement, dated as of April 11, 2014 (together with all addenda, modifications, amendments, riders, exhibits and supplements thereto, the “Assignment of Rate Cap Agreement”); and

6. that certain Indemnification Agreement, dated as of April 11, 2014 (together with all addenda, modifications, amendments, riders, exhibits and supplements thereto, the “Indemnification Agreement”).

B. In connection with the Loan, Original Borrower and/or Original Guarantor also executed and/or delivered, or caused to be executed and/or delivered, the following agreements and documents for the benefit of Original Lender:

1. those certain UCC Financing Statements naming Original Borrower as debtor therein, and Original Lender as secured party therein, and filed with the appropriate recorder or clerk in which the Properties (as defined in the Loan Agreement) are located and in the records of the Secretary of State of Delaware; and

2. that certain Environmental Indemnity Agreement, dated as of April 11, 2014 (the “Original Environmental Indemnity”), executed by the Original Indemnitors;

3. that certain Guaranty of Recourse Obligations, dated as of April 11, 2014 (the “Original Guaranty”), executed by Original Guarantor;

4. that certain Cash Management Agreement, dated as of April 11, 2014, and that certain Addendum to Cash Management Agreement, dated as of April 11, 2014 (collectively and together with all further addenda, modifications, amendments, riders, exhibits and supplements thereto, the “Original Cash Management Agreement”);

5. that certain Pledge and Security Agreement, dated as of April 11, 2014 (the “Original Liquor Subsidiary Pledge”), executed by LLC Original Borrower and Lender;

6. that certain Liquor License Agreement, dated as of April 11, 2014 (the “Original Liquor License Agreement”), executed by W2007 EQN Kansas SPE, LLC, a Kansas limited liability company, and LLC Original Borrower for the benefit of Original Lender;

7. those certain Assignments of Management Agreements (as defined in the Loan Agreement), each dated as of dated as of April 11, 2014 (the “Original Assignment of Management Agreements”); and

8. that certain Contribution Agreement, dated as of April 11, 2014 (the “Original Contribution Agreement”), executed by Original Borrower and Original Lender; and

9. those certain Clearing Account Agreements (as defined in the Loan Agreement), each dated as of dated as of April 11, 2014 (the “Original Clearing Agreements”).

The agreements and documents set forth in Recital A and Recital B above are hereinafter referred to collectively as the “Original Borrower’s Loan Documents.”

C. Upon the Effective Date, New Borrower and/or New Guarantor are executing and delivering, or are causing to be delivered, to Lender the following documents, each dated as of the Effective Date:

1. those certain UCC Financing Statements naming New Borrower as debtor therein, and naming Lender, as secured party therein, to be filed in the Recorder’s Office and the records of the Secretary of State of Delaware;

2. those certain Assignment and Assumption of Mortgage/Deed of Trust and Assignment and Assumption of Leases, Rents and Hotel Revenues executed by Original Borrower (as applicable), New Borrower (as applicable) and Lender as identified on Schedule II attached hereto (collectively, the “Mortgage Assumptions”);

3. that certain Environmental Indemnity Agreement from New Indemnitors in favor of Lender (the “New Environmental Indemnity”);

4. that certain Guaranty of Recourse Obligations (the “New Guaranty”), executed and delivered by each New Guarantor in favor of Lender;

5. that certain Payment Guaranty (the “Payment Guaranty”), executed and delivered by ARC REIT in favor of Lender;

6. that certain Cash Management Agreement (the “CMA Agreement”), executed and delivered by ARC Hospitality Portfolio I TRS Holdco, LLC, a Delaware limited liability company (“TRS Holdco”), as account representative, New Borrower, each New Operating Lessee (as defined below), Property Managing Entities (as defined below), and Lender, together with that certain Addendum A to Cash Management Agreement (the “CMA Addendum” and together with the CMA Agreement, the “Cash Management Agreement”), executed and delivered by TRS Holdco, New Borrower, each New Operating Lessee, Property Managing Entities, Xxxxx Fargo Bank, National Association (“Xxxxx Fargo”), and Lender;

7. that certain Contribution Agreement (the “New Contribution Agreement”), executed and delivered by New Borrower and Lender;

8. that certain Pledge and Security Agreement (the “New KS Liquor Subsidiary Pledge”), executed and delivered by ARC Hospitality Portfolio I DEKS TRS, LLC, a Delaware limited liability company (“DEKS TRS”), for the benefit of Lender;

9. that certain Liquor License Agreement (the “New KS Liquor License Agreement”), executed by ARC Hospitality Portfolio I KS TRS, LLC, a Kansas limited liability company (“KS Liquor Subsidiary”), DEKS TRS and LLC New Borrower for the benefit of Lender;

10. that certain Pledge and Security Agreement (the “New TX Liquor Subsidiary Pledge” and together the New KS Liquor Subsidiary Pledge, the “New Liquor Subsidiary Pledge”), executed and delivered by ARC Hospitality Portfolio I TX Holdings, LLC, a Delaware limited liability company (“TX Liquor Holdco”), for the benefit of Lender;

11. that certain Liquor License Agreement (the “New TX Liquor License Agreement” and together with the New KS Liquor License Agreement, the “New Liquor License Agreement”), executed by ARC Hospitality Portfolio I TX Beverage Company, LLC, a Delaware limited liability company (“TX Liquor Subsidiary”), ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership (“NTC TRS”), and LP New Borrower for the benefit of Lender;

12. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by LLC New Borrower, LP New Borrower, DLGL New Borrower, SAGL New Borrower, ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company (“TRS LLC”), DEKS TRS, NTC TRS, Lender, and American Realty Capital Hospitality Grace Portfolio, LLC, a Delaware limited liability company (“ARC Manager”), as operator, for the benefit of Lender (the “Crestline Operating Agreement Subordination”);

13. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by LLC New Borrower, LP New Borrower, DLGL New Borrower, SAGL New Borrower, TRS LLC, DEKS TRS, NTC TRS, Lender, ARC Manager, as operator, and Crestline Hotels & Resorts, LLC, a Delaware limited liability company (“Crestline”), as manager, for the benefit of Lender (the “Crestline Management Agreement Subordination”);

14. that certain Subordination of Management Agreement (TX – Alcohol Management and Services Agreement) executed by Crestline, as manager, for the benefit of Lender, and acknowledged by TX Liquor Subsidiary (the “Crestline TX Alcohol Management Agreement Subordination” and together with the Crestline Operating Agreement Subordination and the Crestline Management Agreement Subordination, the “Crestline Subordination”);

15. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by LLC New Borrower, ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company (“MISC TRS”), Lender, and ARC Manager, as operator, for the benefit of Lender (the “Pillar Operating Agreement Subordination”);

16. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by LLC New Borrower, MISC TRS, Lender, ARC Manager, as operator, and Pillar Hotels & Resorts, L.P. (“Pillar”), as manager, for the benefit of Lender (the “Pillar Management Agreement Subordination” and together with the Pillar Operating Agreement Subordination, the “Pillar Subordination”)

17. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by LLC New Borrower, MISC TRS, Lender, and ARC Manager, as operator, for the benefit of Lender (the “Xxxxxxxxx Operating Agreement Subordination”);

18. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by LLC New Borrower, MISC TRS, Lender, ARC Manager, as operator, and Xxxxxxxxx Hotels Management, L.L.C. (“Xxxxxxxxx”), as manager, for the benefit of Lender (the “Xxxxxxxxx Management Agreement Subordination” and together with the Xxxxxxxxx Operating Agreement Subordination, the “Xxxxxxxxx Subordination”);

19. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by LLC New Borrower, GBGL New Borrower, BHGL New Borrower, LP New Borrower, NFGL New Borrower, ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company (“HIL TRS”), ARC Hospitality Portfolio I NTC HIL TRS, LP, a Delaware limited partnership (“NTC HIL TRS”), Lender, and ARC Manager, as operator, for the benefit of Lender (the “Xxxxxx-Xxxxxxx Operating Agreement Subordination”);

20. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by LLC New Borrower, GBGL New Borrower, BHGL New Borrower, LP New Borrower, NFGL New Borrower, HIL TRS, NTC HIL TRS, Lender, ARC Manager, as operator, and Hampton Inns Management LLC, a Delaware limited liability company (“Xxxxxx-Xxxxxxx”), as manager, for the benefit of Lender (the “Xxxxxx-Xxxxxxx Management Agreement Subordination” and together with the Xxxxxx-Xxxxxxx Operating Agreement Subordination, the “Xxxxxx-Xxxxxxx Subordination”);

21. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by LLC New Borrower, PXGL New Borrower, LP New Borrower, HIL TRS, LLC, NTC HIL TRS, Lender, and ARC Manager, as operator, for the benefit of Lender (the “Hilton-Homewood Operating Agreement Subordination”);

22. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by LLC New Borrower, PXGL New Borrower, LP New Borrower, HIL TRS, NTC HIL TRS, Lender, ARC Manager, as operator, and Homewood Suites Management LLC, a Delaware limited liability company (“Hilton-Homewoood”), as manager, for the benefit of Lender (the “Hilton-Homewood Management Agreement Subordination” and together with the Hilton-Homewood Operating Agreement Subordination, the “Hilton-Homewood Subordination”);

23. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by MBGL 1000 New Borrower, MBGL 950 New Borrower, LLC New Borrower, LP New Borrower, ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company (“MCK TRS”), NTC TRS, Lender, and ARC Manager, as operator, for the benefit of Lender (the “XxXxxxxx Operating Agreement Subordination”);

24. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by MBGL 1000 New Borrower, MBGL 950 New Borrower, LLC New Borrower, LP New Borrower, MCK TRS, NTC TRS, Lender, ARC Manager, as operator, and XxXxxxxx Hotel Management, Inc. (“XxXxxxxx”), as manager, for the benefit of Lender (the “XxXxxxxx Management Agreement Subordination”) and together with the XxXxxxxx Operating Agreement Subordination, the “XxXxxxxx Subordination”;

25. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by LLC New Borrower, MISC TRS, Lender, and ARC Manager, as operator, for the benefit of Lender (the “Innventures Operating Agreement Subordination”);

26. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by LLC New Borrower, MISC TRS, Lender, ARC Manager, as operator, and InnVentures IVI, LP (“Innventures”), as manager, for the benefit of Lender (the “Innventures Management Agreement Subordination” and together with the Innventures Operating Agreement Subordination, the “Innventures Subordination”);

27. that certain Assignment of Management Agreement and Subordination of Management Fees (Operating Agreement) executed by LLC New Borrower, MISC TRS, Lender, and ARC Manager, as operator, for the benefit of Lender (the “First Hospitality Operating Agreement Subordination”);

28. that certain Assignment of Management Agreement and Subordination of Management Fees (Management Agreement) executed by LLC New Borrower, MISC TRS, Lender, ARC Manager, as operator, and First Hospitality Group, Inc. (“First Hospitality” and together with ARC Manager, Crestline, Pillar, Xxxxxxxxx, Xxxxxx-Xxxxxxx, Xxxxxx-Homewood, McKibbon, and Innventures, the “Property Managing Entities”), as manager, for the benefit of Lender (the “First Hospitality Management Agreement Subordination” and together with the First Hospitality Operating Agreement Subordination, the “First Hospitality Subordination”; the First Hospitality Subordination together with the Crestline Subordination, the Pillar Subordination, the Xxxxxxxxx Subordination, the Xxxxxx-Xxxxxxx Subordination, the Hilton-Homewood Subordination, the XxXxxxxx Subordination, and the Innventures Subordination, is referred to as the “Management Subordination”);

29. that certain Clearing Account Agreement executed by TRS Holdco, TRS LLC, DEKS TRS, NTC TRS, ARC Manager, Crestline, Lender and Xxxxx Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, TRS LLC, DEKS TRS, NTC TRS, LLC New Borrower, LP New Borrower, DLGL New Borrower, SAGL New Borrower, Lender and Xxxxx Fargo (collectively, the “Crestline Clearing Account Agreement”);

30. that certain Clearing Account Agreement executed by TRS Holdco, MISC TRS, ARC Manager, Pillar, Lender and Xxxxx Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Xxxxx Fargo (collectively, the “Pillar Clearing Account Agreement”);

31. that certain Clearing Account Agreement executed by TRS Holdco, MISC TRS, ARC Manager, Xxxxxxxxx, Lender and Xxxxx Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Xxxxx Fargo (collectively, the “Xxxxxxxxx Clearing Account Agreement”);

32. that certain Clearing Account Agreement executed by TRS Holdco, HIL TRS, NTC HIL TRS, ARC Manager, Xxxxxx-Xxxxxxx, Hilton-Homewood, Lender and Xxxxx Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, HIL TRS, NTC HIL TRS, LLC New Borrower, BHGL New Borrower, PXGL New Borrower, GBGL New Borrower, NFGL New Borrower, LP New Borrower, Lender and Xxxxx Fargo (collectively, the “Hilton Clearing Account Agreement”);

33. that certain Clearing Account Agreement executed by TRS Holdco, MCK TRS, NTC TRS, ARC Manager, XxXxxxxx, Lender and Xxxxx Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MCK TRS, NTC TRS, LLC Xxx Xxxxxxxx, XXXX 0000 Xxx Xxxxxxxx, XXXX 950 New Borrower, LP New Borrower, Lender and Xxxxx Fargo (collectively, the “MkKibbon Clearing Account Agreement”);

34. that certain Clearing Account Agreement executed by TRS Holdco, MISC TRS, ARC Manager, Innventures, Lender and Xxxxx Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Xxxxx Fargo (collectively, the “Innventures Clearing Account Agreement”);

35. that certain Clearing Account Agreement executed by TRS Holdco, MISC TRS, ARC Manager, First Hospitality, Lender and Xxxxx Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Xxxxx Fargo (collectively, the “First Hospitality Clearing Account Agreement”; the First Hospitality Clearing Account Agreement together with the Crestline Clearing Account Agreement, the Pillar Clearing Account Agreement, the Xxxxxxxxx Clearing Account Agreement, the Hilton Clearing Account Agreement, the XxXxxxxx Clearing Account Agreement, and the Innventures Clearing Account Agreement, is referred to as the “New Clearing Account Agreements”);

36. that certain Recognition Agreement (the “New Recognition Agreement”), executed by and between W2007 Equity Inns Senior Mezz, LLC, a Delaware limited liability company (“Qualified Preferred Equity Investor”), and Lender;

37. that certain Subordination Agreement executed by and among TRS LLC, HIL TRS, MCK TRS, MISC TRS, XXXX XXX, XXX XXX, XXX HIL TRS (such entities referred to herein, individually and collectively, as “New Operating Lessee”), New Borrower and Lender (the “Operating Lease Subordination”);

38. that certain incumbency certificate of ARC REIT, ARC OP, each New Borrower and each New Operating Lessee certifying as to the incumbency of each of ARC REIT, ARC OP, each New Borrower and each New Operating Lessee, executed by an authorized officer of ARC REIT, for the benefit of Lender;

39. those certain incumbency certificates of Whitehall Street Global, Whitehall Parallel Global and Qualified Preferred Equity Investor executed by an authorized officer of WH Advisors, L.L.C. 2007, a Delaware limited liability company, as applicable, for the benefit of Lender;

40. this Agreement.

The agreements and documents set forth in Recital A and Recital C above (except for the incumbency certificates referred to as numbers 38-39), together with all other documents evidencing, securing or otherwise pertaining to the Loan (other than the documents and agreements set forth in Recital B), and such other agreements and documents as Lender may reasonably require, are hereinafter referred to collectively as the “Loan Documents”, and individually as a “Loan Document”.

D. Original Lender assigned, sold and transferred its interest in the Loan and the Original Borrower’s Loan Documents to Lender pursuant to certain assignment documents including, without limitation, those certain assignments referenced in the Mortgage Assumptions, and Lender is the current holder of all of Original Lender’s interest in the Loan and Original Borrower’s Loan Documents.

E. Lender, as the holder of the Note and beneficiary under the Mortgage, has been asked to consent to the transfer of the Properties to New Borrower (the “Transfer”) and the assumption by New Borrower and New Guarantor of the obligations of the Original Borrower and Original Guarantor, respectively, under the Loan Documents (the “Assumption”).

F. Lender, acting by and through its servicer Berkadia, has agreed to consent to the Transfer and Assumption subject to the terms and conditions stated below, including, without limitation, the execution and delivery of the agreements and documents set forth in Recital C above and such other documents and instruments as may be reasonably required by Lender.

G. Unless the context requires otherwise, references in this Agreement to Original Borrower’s Loan Documents shall be deemed to refer to such documents as amended by this Agreement, and as such documents may be further amended, modified, extended or replaced from time to time.

CONTRACTUAL PROVISIONS:

NOW, THEREFORE, in consideration of the Recitals, which are incorporated herein as if set forth below in full as a substantive, contractual part of this Agreement, and the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Acknowledgement of Debt.

(a) Lender, Original Borrower and New Borrower confirm and acknowledge that the aggregate outstanding principal balance under the Note immediately prior to the Effective Date is $801,100,768.45 and the balances of all reserve and escrow accounts required under the Loan Documents are set forth on Schedule I, attached hereto and by this reference incorporated herein. New Borrower declares and acknowledges, for the specific reliance and benefit of Lender, that (i) New Borrower has no claim, or to New Borrower’s knowledge, defense, or right of offset of any kind or in any amount with respect to the Note, the Mortgage or any of the other Loan Documents, and (ii) no amounts paid by New Borrower or Original Borrower to Lender pursuant to or in connection with the execution and delivery of this Agreement shall be applied to or set off against the principal balance of the Note.

(b) The parties acknowledge and agree that Lender shall continue to hold the balances in escrow and reserve accounts, if any, in accordance with the terms of the Loan Documents. Original Borrower and Original Guarantor covenant and agree that the Lender has no further duty or obligation of any nature to Original Borrower or Original Guarantor relating to such escrow and/or reserve balances, all of which Original Borrower does hereby assign, transfer and convey to New Borrower, and New Borrower hereby unconditionally accepts and assumes the same. All escrow and reserve balances held by Lender in connection with the Loan Documents shall, from and after the Effective Date, be solely for the account of New Borrower.

(c) Berkadia, as the servicing agent on behalf of Lender, hereby confirms, as of the Effective Date, that it has not issued to Original Borrower or Original Guarantor any written notice of, and has no actual knowledge of, a default or an Event of Default under the Original Borrower’s Loan Documents that has not been cured and is continuing. For the purposes of this Section 1(c), the term “actual knowledge” shall be limited to the actual knowledge of the undersigned, Xxxx X. Xxxxxxxx.

2. Conditions Precedent; Consent to Transfer and Assumption; Consent to Qualified Preferred Equity Investment; Consent to Operating Lease Agreements; Consent to Management Agreement.

(a) Original Borrower and New Borrower, each individually, represents and warrants to Lender as of the Effective Date that it has satisfied its respective requirements in connection with the Assumption of the Loan, the Qualified Preferred Equity Investment (as defined below), the execution of the Operating Lease Agreements (as defined below), and the execution of the Management Agreements (as defined below), as such requirements are set forth in the Original Borrower’s Loan Documents and that certain conditional consent letter issued by Berkadia on August 27, 2014 and executed by Original Borrower, LLC New Borrower and LP New Borrower (the “Original Conditional Approval Letter”), as affected by that certain conditional approval extension letter issued by Berkadia on November 20, 2014 and executed by Original Borrower and New Borrower (the “Conditional Approval Extension Letter”), as further affected by that certain conditional approval letter issued by Berkadia on February 26, 2015 and executed by Original Borrower and New Borrower (the “Modifications Conditional Approval Letter” and together with the Original Conditional Approval Letter and the Conditional Approval Extension Letter, the “Conditional Approval Letter”). Lender hereby confirms receipt of the deliverables required in connection with the Assumption of the Loan, the Qualified Preferred Equity Investment, the execution of the Operating Lease Agreements, and the execution of the Management Agreements, as such requirements are set forth in the Original Borrower’s Loan Documents and the Conditional Approval Letter.

(b) In reliance upon the representations, warranties and covenants set forth herein by Original Borrower, Original Guarantor, New Borrower and New Guarantor, Lender hereby consents to the Transfer and Assumption and waives its right to accelerate the Loan pursuant to any provision of the Original Borrower’s Loan Documents which might otherwise provide such right to Lender solely on account of such Transfer and Assumption. Lender’s consent to the Transfer and Assumption is not intended to be and shall not be construed as its consent to any subsequent transfer or assumption which requires Lender’s consent pursuant to the terms of the Mortgage or any other Loan Document.

(c) New Borrower hereby authorizes the Lender to file any and all UCC financing statements and UCC financing statement amendments as Lender may deem necessary from time to time including, without limitation, financing statements containing the description “all assets of New Borrower” or “all personal property of New Borrower” or similar language.

(d) Concurrently with the Lender’s consent to the Assumption, Lender consents to the delivery of the Payment Guaranty by ARC REIT for the benefit of the Lender as security for a portion of the Future PIP Reserve Account Deposit (as defined in the Payment Guaranty) on the terms and conditions more particularly set forth in the Payment Guaranty. New Borrower, ARC OP and ARC REIT hereby acknowledge and agree that Lender’s consent to the delivery of the Payment Guaranty as security for a portion of the Future PIP Reserve Account Deposit shall not be deemed to be Lender’s consent or agreement to accept a payment guaranty for any other Reserve Funds required to be deposited on or after the Effective Date by Borrower, or any other party, with Lender or Deposit Bank under the terms of the Loan Agreement or any of the other Loan Documents.

(e) Concurrently with the Lender’s consent to the Assumption, Lender consents to a certain equity investment by W2007 Equity Inns Senior Mezz, LLC, a Delaware limited liability company (the “Qualified Preferred Equity Investor”), in ARC Hospitality Portfolio I Holdco LLC, a Delaware limited liability company (the “Qualified Preferred Equity Investment”), the owner of indirect ownership interests in New Borrower, which Qualified Preferred Equity Investment is evidenced by that certain Amended and Restated Limited Liability Company Agreement, dated as of the date hereof, executed by and among American Realty Capital Hospitality Portfolio Member, LP, a Delaware limited partnership, Qualified Preferred Equity Investor and Xxxxxxx X. Xxxxx, as the initial special member.

(f) Concurrently with the Lender’s consent to the Assumption, Lender consents to those certain operating lease agreements identified on Schedule III attached hereto and by this reference incorporated herein (collectively, the “Operating Lease Agreements”).

(g) Concurrently with the Lender’s consent to the Assumption, Lender consents to those certain management agreements identified on Schedule IV attached hereto and by this reference incorporated herein (collectively, the “Management Agreements”).

(h) Original Borrower, New Borrower and Lender hereby acknowledge that the Cap Agreement (as defined in the Assignment of Rate Cap Agreement) has been novated pursuant to a Novation Confirmation dated on or about the Effective Date executed by SMBC Capital Markets, Inc., New Borrower and Original Borrower.

3. Assumption of Obligations. As of the Effective Date, Original Borrower does hereby assign, transfer and convey to New Borrower all of its right, title and interest in and to the Loan Documents, and New Borrower hereby unconditionally accepts and assumes Original Borrower’s right, title and interest in and to the Loan Documents and agrees to comply with all covenants and obligations therein, including, without limitation, the obligation to pay the unpaid balance due and owing on the Loan and all interest thereon. Without limiting the foregoing, New Borrower agrees to keep and observe all of the covenants, terms and conditions required to be kept, observed and performed by Borrower pursuant to the Note, the Mortgage and all of the other Loan Documents, to the same effect as if New Borrower were the original maker of, and a party to, the Loan Documents including, but not limited to, payment of all sums presently outstanding under the Note. New Borrower hereby adopts, ratifies and confirms as of the Effective Date all of the representations, warranties and covenants of Original Borrower contained in the Loan Documents as if made by New Borrower as of the Effective Date except to the extent such representations and warranties are matters which by their nature can no longer be true and correct as a result of the passage of time or apply only to the Original Borrower, Original Guarantor, or other facts or circumstances that existed only at the execution of the Original Borrower’s Loan Documents.

4. Limited Release of Original Borrower and Original Guarantor; Reaffirmation.

(a) In reliance upon the representations, warranties and covenants set forth herein by Original Borrower and Original Guarantor, Lender hereby releases: (i) Original Borrower from any and all liability for repayment of the principal and interest under the terms of the Note, the Mortgage and the other Original Borrower’s Loan Documents, and all other obligations under the Original Borrower’s Loan Documents, to the extent such obligations arise from matters first occurring from and after the Effective Date which are not caused by or arise out of any acts of Original Borrower or its Affiliates (as defined in the Loan Agreement); and (ii) Original Guarantor from any and all liability under the Original Guaranty and the Original Environmental Indemnity to the extent arising from matters first occurring from and after the Effective Date which are not caused by or arise out of any acts of Original Guarantor or its Affiliates. Lender hereby reserves all rights it may have against Original Borrower and Original Guarantor for acts or omissions of or events caused by Original Borrower or Original Guarantor, in each case, arising or occurring prior to the Effective Date.

(b) The release of Original Borrower and Original Guarantor provided for in Section 4(a) above shall be deemed withdrawn and shall have no effect to the extent that this Agreement is held to be void or is determined to be unenforceable in its entirety by any court in a final non-appealable order as a result of any action or inaction by or on behalf of Original Borrower or Original Guarantor, or if any representation or warranty by Original Borrower or Original Guarantor made in connection with this Agreement is false or misleading in any material respect when made. In all cases, Original Borrower and Original Guarantor, as applicable, shall bear the burden of proof on the issue of the time at which an act or event first occurred or an obligation first arose, which is the subject of claimed liability under any of the Original Borrower’s Loan Documents.

(c) Notwithstanding anything to the contrary contained herein, and subject to the release contained in Section 4(a) hereof, Original Borrower and Original Guarantor do hereby ratify and confirm their respective obligations under the Original Borrower’s Loan Documents to the extent arising or resulting from acts or omissions of or events caused by Original Borrower or Original Guarantor, in each case, arising or occurring prior to the Effective Date.

5. Representations.

(a) Each New Borrower represents and warrants to Berkadia and Lender that as of the Effective Date:

(i) New Borrower is duly organized, validly existing and in good standing under the laws of its state of formation or organization and is duly qualified and authorized to conduct business in the state(s) in which the Properties are located (as applicable), and has full power and authority to own, lease and operate the Properties, and to conduct its affairs as now being conducted and as proposed to be conducted;

(ii) New Borrower has full power and authority to enter into, execute, deliver and carry out this Agreement and the Loan Documents to which it is a party, by assumption or otherwise, and to perform its obligations hereunder and thereunder and all such actions have been duly authorized by all necessary actions on its part;

(iii) This Agreement and the other documents executed in connection herewith have been duly executed and delivered by New Borrower. This Agreement and the Loan Documents to which New Borrower is a party, by assumption or otherwise, constitute legal, valid and binding obligations of New Borrower, enforceable against New Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally;

(iv) New Borrower has received and reviewed copies of all of the Loan Documents;

(v) New Borrower nor, to New Borrower’s knowledge, any person owning an interest in New Borrower (except that New Borrower’s knowledge shall not require any investigation into ownership of issued shares of ARC REIT), is a country, territory, individual or entity named on a list maintained by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), or is a Specially Designated National or Blocked Person under the programs administered by OFAC;

(vi) Except in connection with the Original Mezzanine Loan (as defined in the Loan Agreement) and the Qualified Preferred Equity Investment (as defined in the Loan Agreement), no equity interest in New Borrower has been pledged, hypothecated or otherwise encumbered as security for any obligation, and none of the capital contributed to New Borrower was made in the form of a loan;

(vii) There is no litigation or other proceeding against New Borrower pending or, to New Borrower’s knowledge, threatened in writing against New Borrower, which, if adversely determined, is reasonably likely to materially and adversely affect the financial condition of New Borrower or its ability to legally perform its obligations under this Agreement and the other Loan Documents;

(viii) The execution, delivery and performance of this Agreement, and the performance of New Borrower’s obligations under the Loan Documents, (A) does not conflict with or result in a violation of New Borrower’s organizational documents or any judgment, order or decree of any court or arbiter in any proceeding to which New Borrower is a party, and (B) does not conflict with, or constitute a material breach of, or constitute a material default under, any contract, agreement or other instrument by which New Borrower is bound or to which New Borrower is a party;

(ix) There is no bankruptcy, receivership or insolvency proceeding pending or threatened against New Borrower; and

(x) No proceeding is pending for the dissolution or annulment of New Borrower, and all license, income and franchise taxes due and payable by New Borrower have been paid in full, unless the non-payment of such taxes could not be reasonably expected to have a material adverse change in the financial condition, operations or business of New Borrower.

(b) Each New Guarantor individually represents and warrants to Berkadia and Lender that as of the Effective Date, solely with respect to itself:

(i) Such New Guarantor is duly organized, validly existing and in good standing under the laws of the state of its formation and has full power and authority to conduct its affairs as now being conducted and as proposed to be conducted;

(ii) This Agreement, the New Guaranty, the New Environmental Indemnity and the other documents executed by such New Guarantor in connection herewith have been duly executed and delivered by such New Guarantor. This Agreement, the New Guaranty, the New Environmental Indemnity and such other documents constitute such New Guarantor’s legal, valid and binding obligations, enforceable against such New Guarantor in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally;

(iii) Such New Guarantor has received and reviewed copies of all of the Loan Documents;

(iv) Such New Guarantor nor, to such New Guarantor’s knowledge, any person owning an interest in such New Guarantor (except that such New Guarantor’s knowledge shall not require any investigation into ownership of issued shares of ARC REIT), is a country, territory, individual or entity named on a list maintained by OFAC, or is a Specially Designated National or Blocked Person under the programs administered by OFAC;

(v) There is no litigation or other proceeding against such New Guarantor pending or, to such New Guarantor’s knowledge, threatened in writing against such New Guarantor, which, if adversely determined, is reasonably likely to materially and adversely affect the financial condition of such New Guarantor or its ability to legally perform its obligations under this Agreement and the other Loan Documents to which such New Guarantor is a party;

(vi) Such New Guarantor has full power and authority to enter into, execute, deliver and perform this Agreement and the New Guaranty, the New Environmental Indemnity and the other documents executed by such New Guarantor in connection herewith and such execution, delivery and performance (A) have been duly and validly authorized by all necessary actions on the part of such New Guarantor, (B) does not conflict with or result in a violation of such New Guarantor’s organizational documents or any judgment, order or decree of any court or arbiter in any proceeding to which such New Guarantor is a party, and (C) does not conflict with, or constitute a material breach of, or constitute a material default under, any contract, agreement or other instrument by which such New Guarantor is bound or to which such New Guarantor is a party;

(vii) There is no bankruptcy, receivership or insolvency proceeding pending or threatened against such New Guarantor; and

(viii) No proceeding is pending for the dissolution or annulment of such New Guarantor, and all license, income and franchise taxes due and payable by such New Guarantor have been paid in full, unless the non-payment of such taxes could not be reasonably expected to have a material adverse change in the financial condition, operations or business of New Guarantor.

(i) Contemporaneously with the execution and delivery hereof, Original Borrower has conveyed and transferred the Properties to New Borrower;

(ii) Contemporaneously with the execution and delivery hereof, Original Borrower has assigned and transferred to New Borrower the Tenant Leases (as hereinafter defined), and Original Borrower has retained no rights therein or thereto;

(iii) Original Borrower has not received a security instrument or security agreement from New Borrower encumbering the Properties to secure the payment of any sums due Original Borrower or obligations to be performed by New Borrower;

(iv) There exist no defenses, offsets or counterclaims by Original Borrower to this Agreement or the Original Borrower’s Loan Documents;

(v) There is no Event of Default by Original Borrower under the provisions of Original Borrower’s Loan Documents executed or assumed by Original Borrower, nor, to Original Borrower’s knowledge, are there any conditions which with the giving of notice or the passage of time or both may constitute an Event of Default by Original Borrower under the provisions of the Original Borrower’s Loan Documents;

(vi) The Original Borrower’s Loan Documents are in full force and effect;

(vii) There are no mechanics’ liens or liens for delinquent taxes or assessments encumbering the Properties except Permitted Encumbrances (as defined in the Loan Agreement);

(viii) To Original Borrower’s knowledge, there are no pending or threatened condemnation or annexation proceedings affecting the Properties, or any agreements to convey any portion of the Properties or any rights thereto not disclosed in this Agreement, including, without limitation, to any governmental agency;

(ix) The certified rent roll for the Properties provided to Lender on or about the date hereof, is a true, complete and accurate list of all tenant leases (“Tenant Leases” or individually a “Tenant Lease”) affecting the Properties as of the Effective Date hereof;

(x) There is no litigation or other proceeding against Original Borrower or the Properties pending or overtly threatened, by written communication to Original Borrower, wherein an unfavorable decision might reasonably result in a material adverse change in the financial condition of Original Borrower or its ability to legally perform its obligations under this Agreement and the Original Borrower’s Loan Documents;

(xi) There is no bankruptcy, receivership or insolvency proceeding pending or, to Original Borrower’s knowledge, threatened in writing against Original Borrower;

(xii) No proceeding is pending for the dissolution or annulment of Original Borrower, and all license, income and franchise taxes due and payable by Original Borrower have been paid in full; and

(xiii) Original Borrower has full power and authority to enter into, execute, deliver and perform this Agreement and such execution, delivery and performance (A) have been duly and validly authorized by all necessary actions on the part of Original Borrower, (B) does not conflict with or result in a violation of Original Borrower’s organizational documents or any judgment, order or decree of any court or arbiter in any proceeding to which Original Borrower is a party, and (C) does not conflict with, or constitute a material breach of, or constitute a material default under, any contract, agreement or other instrument by which Original Borrower is bound or to which Original Borrower is a party.

(d) Each Original Guarantor represents and warrants to Berkadia and Lender that as of the Effective Date:

(i) As of the Effective Date, there is no Event of Default or, to Original Guarantor’s knowledge, event which with the passage of time or the giving of notice, or both, would constitute an Event of Default under the Original Borrower’s Loan Documents executed or assumed by Original Guarantor;

(ii) The Original Borrower’s Loan Documents executed by Original Guarantor are in full force and effect;

(iii) There is no litigation or other proceeding against Original Guarantor pending or overtly threatened, by written communication to Original Guarantor, wherein an unfavorable decision might reasonably result in a material adverse change in the financial condition of Original Guarantor or its ability to legally perform its obligations under this Agreement;

(iv) Original Guarantor has the full power and authority to enter into this Agreement and perform its obligations hereunder. The execution, delivery and performance of this Agreement and the other documents contemplated herein by Original Guarantor (A) have been duly and validly authorized by all necessary action on the part of Original Guarantor, (B) does not conflict with or result in a violation of Original Guarantor’s organizational documents or any judgment, order or decree of any court or arbiter in any proceeding to which Original Guarantor is a party, and (C) does not conflict with, or constitute a material breach of, or constitute a material default under, any contract, agreement or other instrument by which Original Guarantor is bound or to which Original Guarantor is a party;

(v) There is no bankruptcy, receivership or insolvency proceeding pending or, to Original Guarantor’s knowledge, threatened in writing against Original Guarantor; and

(vi) No proceeding is pending for the dissolution or annulment of Original Guarantor, and all license, income and franchise taxes due and payable by Original Guarantor have been paid in full.

6. Financial Information.

(a) New Borrower hereby represents and warrants to Lender that all information and materials regarding New Borrower and its affiliates provided by or on behalf of New Borrower to Berkadia were true and correct in all material respects as of the date of delivery thereof and remain materially true and correct as of the Effective Date.

(b) Each New Guarantor hereby represents and warrants to Lender, solely as to itself, that all information and materials regarding such New Guarantor and its affiliates provided by or on behalf of such New Guarantor to Berkadia were true and correct in all material respects as of the date of delivery thereof and remain materially true and correct as of the Effective Date.

7. Addresses. Lender, New Borrower and New Guarantor agree that all notice provisions contained in the Loan Documents are hereby modified to amend the notice address for Lender, New Borrower and New Guarantor, and that from and after the Effective Date, the notice addresses for Lender, New Borrower and New Guarantor, respectively, are as follows:

If to Lender:

U.S. Bank National Association, as Trustee for the Registered Holders of

EQTY 2014-INNS Mortgage Trust, Commercial Mortgage Pass-Through Certificates

c/o Berkadia Commercial Mortgage LLC

000 Xxxxxxxxxx Xxxx, Xxxxx 000

Xxxxxx, XX 00000

Attention: Client Relations Manager for

Loan Nos. 00-0000000 & 00-0000000

Facsimile No.: (000) 000-0000

If to New Borrower:

c/o American Realty Capital

000 Xxxx Xxxxxx

Xxx Xxxx, Xxx Xxxx 00000

Facsimile No.: (000) 000-0000

If to New Guarantor:

Whitehall Street Global Real Estate Limited Partnership 2007 and Whitehall Parallel Global Real Estate Limited Partnership 2007

c/o Goldman Xxxxx & Co.

000 Xxxx Xxxxxx

Xxx Xxxx, Xxx Xxxx 00000

Attention: Chief Financial Officer

Facsimile No.: (000) 000-0000

And

American Realty Capital Hospitality Operating Partnership, L.P. and

American Realty Capital Hospitality Trust, Inc.

c/o American Realty Capital

000 Xxxx Xxxxxx

Xxx Xxxx, Xxx Xxxx 00000

Facsimile No.: (000) 000-0000

with a copy to:

Xxxxxxx Sachs Realty Management, L.P.

0000 Xxxxxxxxxx Xxxxx

Xxxxxx, Xxxxx 7039

Attention: Investment Management

Facsimile No.: (000) 000-0000

with a copy to:

Xxxxxxxx & Xxxxxxxx LLP

000 Xxxxx Xxxxxx

Xxx Xxxx, XX 00000

Attention: Xxxxxxx X. Xxxxxxxx, Esq.

Facsimile No. (000) 000-0000

with a copy to:

Xxxxxxx Procter LLP

00 Xxxxx Xxxxxx

Xxxxxx, XX 00000

Attn: Xxxxxx X. Xxxxxxxxxx, Esq.

Facsimile No.: (000) 000-0000

8. Release of Berkadia and Lender. Original Borrower, New Borrower, Original Guarantor and New Guarantor hereby each, as to its own Claims only, unconditionally and irrevocably releases and forever discharges Berkadia and Lender and their respective successors, assigns, agents, directors, officers, employees, and attorneys (collectively, the “Indemnitees”) from all Claims, as defined below, and each, as to its own Claims only, agrees to indemnify the Indemnitees, hold the Indemnitees harmless, and defend the Indemnitees with counsel reasonably acceptable to the Indemnitees from and against any and all claims, losses, causes of action, costs and expenses of every kind or character in connection with the Claims and/or the transfer of the Properties in connection with this Agreement (excluding any Claims arising out of or resulting from the gross negligence, illegal acts, bad faith or willful misconduct of any of the Indemnitees). As used in this Agreement, the term “Claims” shall mean any and all possible claims, demands, actions, costs, expenses and liabilities whatsoever, known or unknown, at law or in equity, originating in whole or in part on or before the Effective Date, which each of Original Borrower, New Borrower, Original Guarantor or New Guarantor or any

of their respective directors, partners, principals, affiliates, members, shareholders, officers, agents, employees or successors, may now or hereafter have against the Indemnitees, if any, and irrespective of whether any such Claims arise out of contract, tort, violation of laws, or regulations, or otherwise in connection with the Loan or any of the Loan Documents (other than the Assumption Agreement) or the Original Borrower’s Loan Documents, including, without limitation, any contracting for, charging, taking, reserving, collecting or receiving interest in excess of the highest lawful rate applicable thereto and any loss, cost or damage, of any kind or character, arising out of or in any way connected with or in any way resulting from the acts, actions or omissions of any of the Indemnitees (excluding any claims, demands, actions, costs, expenses and liabilities arising out of or resulting from the gross negligence, illegal acts, bad faith or willful misconduct of any of the Indemnitees), including any requirement that the Loan Documents or Original Borrower’s Loan Documents be modified as a condition to the transactions contemplated by this Agreement. Original Borrower, New Borrower, Original Guarantor and each New Guarantor agree that Berkadia and Lender have no fiduciary or similar obligations to Original Borrower, New Borrower, Original Guarantor or New Guarantor or any of them and that their relationship is strictly that of creditor and debtor. This release is accepted by Berkadia and Lender pursuant to this Agreement and shall not be construed as an admission of liability on the part of either of them. Original Borrower, New Borrower, Original Guarantor and each New Guarantor hereby represents and warrants, each as to itself only, that it is the current legal and beneficial owner of all Claims, if any, applicable to it and released hereby by such party and has not assigned, pledged or contracted to assign or pledge any such Claim to any other person.

9. Confirmation of Waivers. New Borrower, without limiting the generality of its obligations under the Loan Documents, hereby confirms and ratifies the submission to jurisdiction and waivers set forth in the Loan Documents.

10. Binding Effect. This Agreement shall be binding upon the parties and their respective heirs, executors, administrators, successors, permitted assigns and representatives.

11. Ratification. Lender and New Borrower hereby ratify and affirm all of the Loan Documents and all of its or the other’s, as applicable, respective rights, agreements, obligations, priorities, reservations, promises and waivers as made and agreed and contained therein and as assumed pursuant to this Agreement by New Borrower, all of which shall remain in full force and effect.

12. No Impairment of Lien; No Satisfaction. Nothing set forth herein shall affect the priority or extent of the lien of the Mortgage or any of the other Loan Documents, nor, except as expressly set forth herein, release or change the liability of any party who may now be or after the Effective Date, become liable, primarily or secondarily, under the Loan Documents. This Agreement does not, and shall not be construed to, constitute the creation of new indebtedness or the satisfaction, discharge or extinguishment of the debt secured by the Loan Documents.

13. Third Party Beneficiary Status of Berkadia. New Borrower, Original Borrower, Original Guarantor and New Guarantor hereby each acknowledges and agrees that Berkadia, its successors and assigns, are all intended third party beneficiaries of this Agreement.

14. Bankruptcy Remote Single Purpose Entities. New Borrower is currently a bankruptcy-remote single purpose entity and will take all necessary company action (including, but not limited to, revising and filing charter and control documents in form, substance and structure as may be reasonably required by Lender) in order for the New Borrower to continue as a bankruptcy-remote single purpose entity.

15. Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. For the avoidance of doubt, New Borrower shall comply with the requirements of Section 4.32 of the Loan Agreement.

16. Fees. Original Borrower, New Borrower and Lender have agreed that, simultaneously with the execution hereof, all fees, costs, and charges arising in connection with the execution of this Agreement, including without limitation, all reasonable attorneys’ fees, title company fees, title insurance premiums, recording costs, assumption and/or transfer fees and other closing costs incurred by Lender in connection with this Agreement, will be paid as of the Effective Date, and that Lender shall have no obligation whatsoever for payment thereof. New Borrower acknowledges and agrees that none of the fees, costs, and charges paid in connection with the execution of this Agreement shall be applied to or set off against the principal balance of the Note.

17. Miscellaneous.

(a) Choice of Law. The validity and enforcement of this Agreement and the other Loan Documents, to the extent they involve the creation, perfection, assignment, modification and enforcement of liens and security interests against property located in the state, commonwealth or district in which the Properties are located, are intended to be governed by the laws of the state, commonwealth or district in which the Properties are located. All other aspects of the transaction contemplated by this Agreement and the indebtedness evidenced by the Note, and the Loan Documents shall be governed by and construed in accordance with the laws of the State of New York pursuant to Section 5-1401 of the New York General Obligations Law.

(b) Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.

(c) Modifications. No change or modification of this Agreement shall be valid unless the same is in writing and signed by all parties hereto.

(d) Complete Agreement. This Agreement and the Loan Documents represent the complete agreement among the parties with regard to the items set forth herein, and there are no representations, covenants, warranties, agreements or conditions, oral or written, between the parties not set forth in this Agreement and the Loan Documents.

(e) Headings, Schedules and Exhibits. The Article and/or Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose. The Schedules and Exhibits annexed hereto are hereby incorporated herein as a part of this Agreement with the same effect as if set forth in the body hereof.

(f) Counterparts. This Agreement may be executed in any number of counterparts, each of which when taken together shall be deemed an original, but all of which shall together constitute one and the same instrument.

(g) Joint and Several Liability. If New Borrower consists of more than one person or entity, each is jointly and severally liable to perform the obligations of New Borrower hereunder, and all representations, warranties, covenants and agreements made by New Borrower are joint and several.

18. Supremacy Clause. It is hereby agreed that the terms and conditions of the Mortgage, the Note and other Loan Documents, as modified by this Agreement, shall remain in full force and effect and shall be binding upon New Borrower. It is understood and agreed that in the event there are any conflicting or omitted provisions or variations between the terms, conditions, rights, or remedies in the Mortgage, the Note or any other Loan Document (other than this Agreement) and the terms of this Agreement, those terms, conditions, rights or remedies which are most favorable to Lender shall remain in full force and effect and shall prevail. A default under the terms and conditions of this Agreement shall constitute a default under the terms and conditions of the Mortgage, the Note and other Loan Documents.

19. Waiver of Trial by Jury. ORIGINAL BORROWER, NEW BORROWER, ORIGINAL GUARANTOR AND NEW GUARANTOR EACH HEREBY AGREES NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVES ANY RIGHT TO TRIAL BY JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO THE LOAN DOCUMENTS OR ANY CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY BORROWER AND LENDER AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. EACH PARTY IS HEREBY AUTHORIZED TO FILE A COPY OF THIS PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER.

20. Further Assurances. Original Borrower, Original Guarantor, New Borrower and New Guarantor shall cooperate with Lender and shall execute and deliver, or cause to be executed and delivered, all such other documents and instruments, and shall take all such other action that Lender may request from time to time in order to accomplish and satisfy the provisions and purposes of this Agreement, including such confirmations and/or corrective instruments as Lender reasonably may require, provided that such documents, instruments or actions shall not increase the liabilities or obligations of Original Borrower, Original Guarantor, New Borrower or New Guarantor under this Agreement of any of the other Loan Documents.

21. Modification to Loan Documents. From and after the Effective Date, New Borrower and Lender hereby agree that the Loan Documents are hereby amended as follows:

(a)	Schedule I of the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Individual Properties and Allocated Loan Amounts attached hereto as Exhibit B.

(b)	Schedule I-M1 of the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Original Mezzanine Loan Allocated Loan Amounts attached hereto as Exhibit C.

(c)

Schedule II of the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Required Repairs attached hereto as Exhibit D and by this reference incorporated herein. Lender acknowledges that the Required Repairs that appear on Schedule II to the Loan Agreement but not on Exhibit D attached hereto have been completed as required pursuant to the Loan Agreement.

(d)	Schedule III to the Loan Agreement is hereby deleted in its entirety and replaced with that certain Organizational Chart of New Borrower attached hereto as Exhibit E and by this reference incorporated herein.

(e)	Schedule VI to the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Intellectual Property/Websites attached hereto as Exhibit F and by this reference incorporated herein.

(f)	Schedule VIII to the Loan Agreement is hereby amended to include the additional documents pertaining to the Ground Leases listed on that certain exhibit of additional Ground Lease documents attached hereto as Exhibit A-2.

(g)	Schedule XI to the Loan Agreement is hereby deleted in its entirety and replaced with that certain Rent Roll attached hereto as Exhibit G and by this reference incorporated herein.

(h)	Schedule XII to the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Franchise Agreements attached hereto as Exhibit H and by this reference incorporated herein.

(i)	Schedule XIII to the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Property Accounts and Property Account Banks attached hereto as Exhibit I and by this reference incorporated herein.

(j)	Schedule XV to the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Closing Date Managers attached hereto as Exhibit J.

(k)	Schedule XVII to the Loan Agreement is hereby deleted in its entirety and replaced with that certain schedule of Expiring Franchise Properties attached hereto as Exhibit K and by this reference incorporated herein.

(l)	Schedule XVIII to the Loan Agreement is hereby deleted in its entirety and replaced with that certain Scheduled PIP attached hereto as Exhibit L and by this reference incorporated herein.

(m)	Schedule XXI to the Loan Agreement is hereby deleted in its entirety and replaced with that certain PIP Work Other Than Scheduled PIP attached hereto as Exhibit M and by this reference incorporated herein

(n)	The defined term “Title Insurance Policy” as provided in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

“Title Insurance Policy” shall mean, with respect to each Individual Property, an ALTA mortgagee title insurance policy in the form acceptable to Lender issued with respect to such Individual Property and insuring the Lien of the Mortgage encumbering such Individual Property, as amended or dated-down.

(o)

Except as provided herein, all references in the Loan Documents to the defined term “LLC Borrower” shall mean, collectively, LLC New Borrower, BHGL New Borrower, PXGL New Borrower, GBGL New Borrower, NFGL New Borrower, MBGL 1000 New Borrower and MBGL 950 New Borrower, each as defined in this Agreement.

(p)	All references in the Loan Documents to the defined term “LP Borrower” shall mean, collectively, LP New Borrower, DLGL New Borrower and SAGL New Borrower, each as defined in this Agreement.

(q)	For the purpose of Section 6.14 of the Loan Agreement, all references to “Account Representative” shall mean LLC New Borrower on behalf of Borrower, or the designee of a TRS Lessee.

(r)

All references in the Loan Documents to the defined term “Liquor Subsidiary” shall mean ARC Hospitality Portfolio I KS TRS, LLC, a Kansas limited liability company, ARC Hospitality Portfolio I TX Beverage Company, LLC, a Delaware limited liability company, and/or ARC Hospitality Portfolio I Concessions, LLC, a Delaware limited liability company, as may be then applicable.

(s)

The term “ARC Hospitality” as defined in Section 4.14.2(b) of the Loan Agreement shall mean American Realty Capital Hospitality Properties, LLC or American Realty Capital Hospitality Grace Portfolio, LLC, a Delaware limited liability company, a wholly-owned subsidiary of American Realty Capital Hospitality Properties, LLC.

(t)	Section 10.4(b) of the Loan Agreement is hereby modified by deleting “CT Corporation System, 000 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000” and replacing it with “Corporation Service Company, 1180 Avenue of the Xxxxxxxx, Xxxxx 000, Xxx Xxxx, Xxx Xxxx 00000-0000”.

(u)	The defined term “Clearing Account” as provided in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

Clearing Accounts” shall mean the Eligible Accounts maintained at the Clearing Account Bank by the Individual Borrowers or a TRS Lessee in their respective names and shall include the Clearing Accounts, the Aggregate DACA Accounts and the Sub-DACA Accounts, each as defined in that certain Cash Management Agreement, dated as of February 27, 2015.

(v)	The second sentence of Section 6.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

Without in any way limiting the foregoing, if Borrower or Manager receives any Gross Revenue from the Properties or any other amount which would be included in the Operating Income of the Properties, then (i) such amounts shall be deemed to be collateral for the Obligations and shall be held in trust for the benefit, and as the property, of Lender, (ii) such amounts shall not be commingled with any other funds or property of Borrower or Manager, and (iii) Borrower or Manager, as applicable shall deposit such amounts in the applicable Property Account or Clearing Account on a daily basis.

(w)	The defined term “Base Management Fees” as provided in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

shall mean the base property management fees (i.e. based on a fixed percentage of revenues and not on the basis of any override or profit participation) for property management (as opposed to asset management) services provided to the Individual Properties and actually payable to Manager under the Management Agreements, but such fees, for any Manager, shall not exceed four percent (4.0%) of the monthly Adjusted Operating Income for the Individual Properties managed by such Manager and all such fees payable to all Managers in the aggregate shall not exceed four percent (4.0%) of the monthly Adjusted Operating Income for the Properties; provided, however, that any portion of the Base Management Fees in excess of three percent (3%) (the “Subordinated Portion of the Base Management Fees”) shall be payable only to the extent that (1) no Triggering Period has occurred and is then continuing; and (2) there is sufficient Available Cash to pay such amount (which amount will then be paid out of such Available Cash and from no other source) for the Individual

Properties managed by such Manager. Notwithstanding anything to the contrary contained herein, if the Subordinated Portion of the Base Management Fees shall be due to Managers pursuant to the terms set forth herein, such Subordinated Portion of the Base Management Fees shall accrue but shall not be payable to the Managers until such time as (x) the Borrower has reserved in the Future PIP Reserve Account a cash deposit in an amount equal to all outstanding Future PIP Reserve Funds guaranteed by that certain Payment Guaranty (PIP Reserve Funds), dated on or about February 27, 2015, by American Realty Capital Hospitality Trust, Inc., a Maryland corporation, for the benefit of Lender (the “Guaranteed PIP Funds”), or (y) Borrower shall have completed all PIP Work and paid all Approved Future PIP Expenses in connection with the Guaranteed PIP Funds with the Future PIP Reserve Funds in accordance with the Loan Documents or as otherwise agreed to by Lender.

(x)	The defined term “Qualified IPO” as provided in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

shall mean transfers of direct or indirect ownership interests in the direct owner of the most junior Mezzanine Borrower pursuant to (i) an initial public offering directly or indirectly involving such entity which is listed on the New York Stock Exchange or another nationally or internationally recognized stock exchange or is quoted on a national quotation system, or (ii) the listing of American Realty Capital Hospitality Trust, Inc.’s common stock on the New York Stock Exchange or another nationally or internationally recognized stock exchange.

(y)	Section 7.2(g)(iv) of the Loan Agreement is hereby deleted in its entirety.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties hereto have executed this Assumption and Release Agreement as of the day and year first above written.


ORIGINAL BORROWER: W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company

By:	WNT Mezz I, LLC, its Manger

	By:	/s/ Xxxx Xxx
	Name:	Xxxx Xxx
	Title:	Manager

W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership

By:	W2007 Equity Inns Realty Gen-Par, LLC, a Delaware limited liability company, its General Partner

	By:	/s/ Xxxx Xxx
	Name:	Xxxx Xxx
	Title:	Manager

[Signatures continue on next page]


NEW BORROWER:
ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company

By:		/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		CEO and President

ARC HOSPITALITY PORTFOLIO I BHGL OWNER, LLC, a Delaware limited liability company

By:		/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		CEO and President

ARC HOSPITALITY PORTFOLIO I PXGL OWNER, LLC, a Delaware limited liability company

By:		/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		CEO and President

[Signatures continue on next page]


ARC HOSPITALITY PORTFOLIO I GBGL OWNER, LLC, a Delaware limited liability company

By:		/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		CEO and President

ARC HOSPITALITY PORTFOLIO I NFGL OWNER, LLC, a Delaware limited liability company

By:		/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		CEO and President

ARC HOSPITALITY PORTFOLIO I MBGL 1000 OWNER, LLC, a Delaware limited liability company

By:		/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		CEO and President

ARC HOSPITALITY PORTFOLIO I MBGL 950 OWNER, LLC, a Delaware limited liability company

By:		/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		CEO and President

[Signatures continue on next page]


ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership

By:	ARC Hospitality Portfolio I NTC Owner GP, LLC, a Delaware limited liability company

	By:	/s/ Xxxxxxxx Xxxxxxx
	Name:	Xxxxxxxx Xxxxxxx
	Title:	CEO and President

ARC HOSPITALITY PORTFOLIO I DLGL OWNER, LP, a Delaware limited partnership

By:	ARC Hospitality Portfolio I NTC Owner GP, LLC, a Delaware limited liability company

	By:	/s/ Xxxxxxxx Xxxxxxx
	Name:	Xxxxxxxx Xxxxxxx
	Title:	CEO and President

ARC HOSPITALITY PORTFOLIO I SAGL OWNER, LP, a Delaware limited partnership

By:	ARC Hospitality Portfolio I NTC Owner GP, LLC, a Delaware limited liability company

	By:	/s/ Xxxxxxxx Xxxxxxx
	Name:	Xxxxxxxx Xxxxxxx
	Title:	CEO and President

[Signatures continue on next page]


LENDER: U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

By:	KeyBank National Association

Its:	Master Servicer
	By:	Berkadia Commercial Mortgage LLC, a Delaware limited liability company

	Its:	Subservicer

	By:	/s/ Xxxx X. Xxxxxxxx
	Name:	Xxxx X. Xxxxxxxx
		Authorized Representative

[Signatures continue on next page]


ORIGINAL GUARANTOR:

WHITEHALL STREET GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership

By:	WH Advisors, L.L.C. 2007, a Delaware limited liability company, its General Partner

	By:	/s/ Xxxxx Xxxxxxx
	Name:	Xxxxx Xxxxxxx
	Title:	Vice President

WHITEHALL PARALLEL GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership

By:	WH Advisors, L.L.C. 2007, a Delaware limited liability company, its General Partner
	By:	/s/ Xxxxx Xxxxxxx
	Name:	Xxxxx Xxxxxxx
	Title:	Vice President

[Signatures continue on next page]


NEW GUARANTOR:

AMERICAN REALTY CAPITAL HOSPITALITY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership

By:	American Realty Capital Hospitality Trust, Inc., a Maryland corporation, its general partner

	By:	/s/ Xxxxxxxx Xxxxxxx
	Name:	Xxxxxxxx Xxxxxxx
	Title:	CEO and President

AMERICAN REALTY CAPITAL HOSPITALITY TRUST, INC., a Maryland corporation

By:	/s/ Xxxxxxxx Xxxxxxx
Name:	Xxxxxxxx Xxxxxxx
Title:	CEO and President

[Signatures continue on next page]


WHITEHALL STREET GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership

By:	WH Advisors, L.L.C. 2007, a Delaware limited liability company, its General Partner

	By:	/s/ Xxxxx Xxxxxxx
	Name:	Xxxxx Xxxxxxx
	Title:	Vice President

WHITEHALL PARALLEL GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership

By:	WH Advisors, L.L.C. 2007, a Delaware limited liability company, its General Partner

	By:	/s/ Xxxxx Xxxxxxx
	Name:	Xxxxx Xxxxxxx
	Title	Vice President

SCHEDULE I

Reserve Balances

Immediately prior to the Effective Date:


Tax Account:	$	310,574.59
Insurance Account:	$	0.00
Required Repairs Account:	$	139,174.88
Scheduled PIP Reserve Account	$	0.00
Ground Rent Account:	$	0.00
FF&E Reserve Account:	$	0.00
Casualty and Condemnation Account:	$	0.00
Cash Collateral Account	$	0.00
Total Balance of Accounts:	$	449,749.47

SCHEDULE II

Mortgage, Assignment of Leases and Mortgage Assumptions

1. Courtyard Asheville, Xxx Xxxxxxxxx Xxxxx, Xxxxxxxxx, XX 00000

a. DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

b. ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

2. Courtyard Athens Downtown, 000 Xxxxx Xxxxxx Xxxxxx, Xxxxxx, XX 00000

a. DEED TO SECURE DEBT, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF DEED TO SECURE DEBT, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

3. Courtyard Bowling Green Convention Center, 0000 Xxxxxxxxx Xxxxx, Xxxxxxx Xxxxx, XX 00000

a. MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

4. Courtyard Chicago Elmhurst/Oakbrook Area, 000 Xxxxx XX Xxxxx 00, Xxxxxxxx, Xx 00000

5. Courtyard Gainesville, 0000 XX 00xx Xxxxxx, Xxxxxxxxxxx, XX 00000

a. AMENDED AND RESTATED MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF AMENDED AND RESTATED MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

6. Courtyard Jacksonville Airport Northeast, 00000 Xxxxx Xxxx, Xxxxxxxxxxxx, XX 00000

7. Courtyard Knoxville Cedar Bluff, 000 Xxxxxxx Xxxxx, Xxxxxxxxx, XX 00000

a. DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

8. Courtyard Lexington South/Hamburg Place, 0000 Xxxxxxxx Xxxxx, Xxxxxxxxx, XX 00000

9. Courtyard Louisville Downtown, 000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, XX00000

10. Courtyard Mobile, 0000 Xxxx X-00 Xxxxxxx Xxxx, Xxxxxx, XX 00000

a. LEASEHOLD MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF LEASEHOLD MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I MBGL 1000 OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

11. Courtyard Orlando Altamonte Springs/Maitland, 0000 Xxxxxxxx Xxxxx, Xxxxxxx, XX 00000

12. Courtyard Sarasota Bradenton Airport, 000 Xxxxxxxxxx Xxxxxxx, Xxxxxxxx, XX 00000

13. Courtyard Tallahassee North/I-10 Capital Circle, 0000 Xxxxxxx Xxxxx Xxxx, Xxxxxxxxxxx, XX 00000

14. Embassy Suites Orlando International Drive/Jamaican Court, 0000 Xxxxxxxx Xxxxx, Xxxxxxx, XX 00000

15. Fairfield Inn & Suites Atlanta Vinings, 0000 Xxxxx Xxxxx Xxxx, Xxxxxxx , XX 00000

16. Hampton Inn & Suites Nashville/Franklin (Cool Springs), 0000 Xxxxx Xxxxxxx Xxxxx, Xxxxxxxx, XX 00000

17. Hampton Inn & Suites Boynton Beach, 0000 Xxxx Xxxxxxx Xxxxxxxxx, Xxxxxxx Xxxxx, XX 00000

18. Hampton Inn Albany – Wolf Road (Airport), 00 Xxxxxxx Xxxxx, Xxxxxx, XX 00000

19. Hampton Inn Baltimore/Xxxx Burnie, 0000 Xxxxxxx Xxxxxxx, Xxxx Xxxxxx, XX 00000

a. LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I GBGL OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

20. Hampton Inn Xxxxxxx, 000 Xxxxxx Xxxx Xxxxx, Xxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

21. Hampton Inn Birmingham/Mountain Brook, 0000 XX Xxxxxxx 000, Xxxxxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF LEASEHOLD MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I BHGL OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

22. Hampton Inn Boca Raton, 0000 Xxxxxx Xxxx, Xxxx Xxxxx, XX 00000

23. Hampton Inn Boston/Peabody, 00 Xxxxxxx Xxxxxx Xxxxx 0 Xxxxx, Xxxxxxx, XX 00000

24. Hampton Inn Charleston – Airport/Coliseum, 0000 Xxxx Xxxxx Xxxxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000

a. MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

25. Hampton Inn Chattanooga-Airport/I-75, 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxxxxx, XX 00000

26. Hampton Inn Chicago/Gurnee, 0000 Xxxxx Xxxxxx, Xxxxxx, XX 00000

27. Hampton Inn Cleveland/Westlake, 00000 Xxxxxxx Xxxx, Xxxxxxxx, XX 00000

a. OPEN-END MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF OPEN-END MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

28. Hampton Inn and Suites Colorado Springs Air Force Academy I-25 North, 0000 Xxxxxxxx Xxxxxx Xxxxx, Xxxxxxxx Xxxxxxx, XX 00000

a. DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, FIXTURE FILING AND FINANCING STATEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, FIXTURE FILING AND FINANCING STATEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

29. Hampton Inn Columbia – I-26 Airport, 0000 Xxxxx Xxxxx, Xxxx Xxxxxxxx, XX 00000

30. Hampton Inn Columbus – Airport, 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxx, XX 00000

31. Hampton Inn Columbus/Dublin, 0000 Xxxxxx Xxxx, Xxxxxx, XX 00000

32. Hampton Inn Deerfield Beach, 000 Xxxx Xxxxxxxxx Xxxxxxxxx, Xxxxxxxxx Xxxxx, XX 00000

33. Hampton Inn Detroit/Madison Heights/South Xxxx, 00000 Xxxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxxxx, XX 00000

a. MORTGAGE, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

b. ASSIGNMENT OF LEASES AND RENTS, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF MORTGAGE, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

d. ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES AND RENTS, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

34. Hampton Inn Detroit/Northville, 00000 Xxxxxxxx Xxxx, Xxxxxxxxxx, XX 00000

35. Hampton Inn Fayetteville I-95, 0000 Xxxxx Xxxxx Xxxx, Xxxxxxxxxxxx, XX 00000

36. Hampton Inn Charlotte/Gastonia, 0000 Xxxxxxx Xxxx, Xxxxxxxx, XX 00000

37. Hampton Inn Grand Rapids – North, 000 Xxxxxx Xxxxx, Xxxxx Xxxxxx, XX 00000

38. Hampton Inn Kansas City/Overland Park, 00000 Xxxxxxx Xxxxxxxx Xxxx, Xxxxxxxx Xxxx, XX 00000

39. Hampton Inn Kansas City – Airport, 00000 Xxxxx Xxxxxx Xxxxxx, Xxxxxx Xxxx, XX 00000

a. FUTURE ADVANCES DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF FUTURE ADVANCES DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

40. Hampton Inn Memphis-Poplar, 0000 Xxxxxx Xxxxxx, Xxxxxxx, XX 00000

41. Hampton Inn Morgantown, 0000 Xxx Xxxxxxx Xxxx, Xxxxxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

42. Hampton Inn Norfolk-Naval Base, 0000 Xxxxxxx Xxxxxxxxx, Xxxxxxx, XX 00000

W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I NFGL OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

43. Hampton Inn Palm Beach Gardens, 0000 XXX Xxxxxxxxx, Xxxx Xxxxx Xxxxxxx, XX 00000

44. Hampton Inn Pickwick Dam at Shiloh Falls, 00 Xxx Xxxxx Xxxx, Xxxxxx, XX 00000

45. Hampton Inn Scranton at Montage Mountain, 00 Xxxxxxx Xxxxxxxx Xxxx, Xxxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF OPEN-END MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

46. Hampton Inn St. Louis/Westport, 0000 Xxx Xxxxxxx Xxxx, Xxxxxxxx Xxxxxxx, XX 00000

47. Hampton Inn State College, 0000 Xxxx Xxxxxxx Xxxxxx, Xxxxx Xxxxxxx, XX 00000

48. Xxxxxxx Xxx Xxxx Xxxx Xxxxx Xxxxxxx Turnpike, 0000 Xxxxx Xxxxxxx, Xxxx Xxxx Xxxxx, XX 00000

49. Holiday Inn Charleston Mt. Pleasant, 000 Xxxxxx Xxxxx Xxxxxxxxx, Xxxxx Xxxxxxxx, XX 00000

50. Holiday Inn Express and Suites: Xxxxxxx East-Miami, 00000 XX 00xx Xxxxxx, Xxxxx, XX 00000

51. Homewood Suites by Hilton Boston – Peabody, 00 Xxxxxxx Xxxxxx, Xxxxxx, XX 00000

52. Homewood Suites by Hilton Chicago – Downtown, 00 Xxxx Xxxxx Xxxxxx, Xxxxxxx, XX 00000

53. Homewood Suites by Hilton Hartford/Windsor Locks, 00 Xxxx Xxxxxx Xxxxxxxx, Xxxxxxx Xxxxx, XX 00000

a. OPEN-END MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF OPEN-END MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

54. Homewood Suites by Hilton Memphis-Germantown, 0000 Xxxx Xxxxx Xxxxxxxxx, Xxxxxxxxxx, XX 00000

55. Homewood Suites by Hilton Phoenix – Biltmore, 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I PXGL OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

56. Hyatt Place Albuquerque/Uptown, 0000 Xxxxxx Xxxxx Xxxx, Xxxxxxxxxxx, XX 00000

a. DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

57. Hyatt Place Baltimore/BWI Airport, 000 Xxxxxxxxxxxxx Xxxxx, Xxxxxxxxx Xxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

58. Hyatt Place Baton Rouge/I-10, 0000 Xxxxxxxxxx Xxxxxxxxx, Xxxxx Xxxxx, XX 00000

a. MULTIPLE INDEBTEDNESS MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF MULTIPLE INDEBTEDNESS MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

59. Hyatt Place Birmingham/Xxxxxx, 0000 Xxxx Xxxxxxx Xxxxxxx, Xxxxxxxxxx, XX 00000

60. Hyatt Place Cincinnati Blue Ash, 00000 Xxxx Xxxxxxx Xxxxxxx, Xxxx Xxx, XX 00000

61. Hyatt Place Columbus/Worthington, 0000 Xxxxxxx Xxxxx, Xxxxxxxx, XX 00000

62. Hyatt Place Indianapolis/Keystone, 0000 Xxxxxxxx Xxxxxxxx, Xxxxxxxxxxxx, XX 00000

63. Hyatt Place Kansas City/Overland Park/Xxxxxxx, 0000 Xxxx 000xx Xxxxxx, Xxxxxxxx Xxxx, XX 00000

64. Hyatt Place Las Vegas, 0000 Xxxxxxxx Xxxx, Xxx Xxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

65. Hyatt Place Memphis/Wolfchase Galleria, 0000 Xxxxxxx Xxxxx, Xxxxxxx, XX 00000

66. Hyatt Place Miami Airport—West/Doral, 0000 XX 00xx Xxxxxx, Xxxxx, XX 00000

67. Hyatt Place Minneapolis Airport-South, 0000 Xxxxxxxxxxxxx Xxxxx, Xxxxxxxxxxx, XX 00000

68. Hyatt Place Nashville/Franklin/Cool Springs, 000 Xxxxxx Xxxxxx Xxxxxx, Xxxxxxxx, XX 00000

69. Hyatt Place Richmond/Innsbrook, 0000 Xxx Xxxx, Xxxx Xxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

70. Hyatt Place Tampa Airport/Westshore, 0000 Xxxx Xxxx Xxxxxx, Xxxxx Xxxxxxx/Xxxxxxxxx, XX 00000

71. Residence Inn Tampa North/I-75 Xxxxxxxx, 00000 Xxxxx Xxxxxxx Xxxxxxx, Xxxxx, XX 00000

72. Residence Inn Boise Downtown, 0000 Xxxx Xxxxxx, Xxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

73. Residence Inn Chattanooga Downtown, 000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxx, XX 00000

a. FEE AND LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, AND FIXTURE FILING, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF FEE AND LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT, AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

74. Residence Inn Fort Xxxxx, 0000 Xxxxxxxx Xxxxxxxxx, Xxxx Xxxxx, XX 00000

75. Residence Inn Knoxville Cedar Bluff, 000 Xxxxxxx Xxxxx at Xxxxx Xxxxxx Xxxx, Xxxxxxxxx, XX 00000

76. Residence Inn Lexington South/Hamburg Place, 0000 Xxxx Xxxxxx Xxxxxxx, Xxxxxxxxx, XX 00000

77. Residence Inn Los Angeles LAX/El Segundo, 0000 Xxxx Xx Xxxxxxx Xxxxxxxxx, Xx Xxxxxxx, XX 00000

78. Residence Inn Macon, 0000 Xxxxxxxx Xxxxx, Xxxxx, XX 00000

79. Residence Inn Mobile, 000 Xxxx X-00 Xxxxxxx Xxxx X., Xxxxxx , XX 00000

c. ASSIGNMENT AND ASSUMPTION OF LEASEHOLD MORTGAGE, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, SECURITY AGREEMENT AND FIXTURE FILING AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I MBGL 950 OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

80. Residence Inn Portland Downtown/Xxxxx Center, 0000 XX Xxxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000

a. LINE OF CREDIT INSTRUMENT, DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND FINANCING STATEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF LINE OF CREDIT INSTRUMENT, DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND FINANCING STATEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as

of the date hereof, by and among W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, ARC HOSPITALITY PORTFOLIO I OWNER, LLC, a Delaware limited liability company, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

81. Residence Inn San Diego Rancho Xxxxxxxx, 00000 Xxxxxxx Xxxxxxxxx Xxxxx, Xxx Xxxxx, XX 00000

82. Residence Inn Sarasota Bradenton, 0000 Xxxxxxxxxx Xxxxxxx, Xxxxxxxx, XX 00000

83. Residence Inn Savannah Midtown, 0000 Xxxxx Xxxxx Xxxx, Xxxxxxxx, XX 00000

84. Residence Inn Tallahassee North/I-10 Capital Circle, 0000 Xxxxxxx Xxxxx Xxxx, Xxxxxxxxxxx, XX 00000

85. Residence Inn Tampa Sabal Park/Xxxxxxx, 0000 Xxxxxxxx Xxxx Xxxxxx, Xxxxx, XX 00000

86. SpringHill Suites Grand Rapids North, 000 Xxxxxx Xxxxx, Xxxxx Xxxxxx, XX 00000

87. SpringHill Suites Lexington Near the University of Kentucky, 000 X. Xxxxxxxx, Xxxxxxxxx, XX 00000

88. SpringHill Suites San Diego Rancho Xxxxxxxx, 00000 Xxxxxxx Xxxxxxxxx Xxxxx, Xxx Xxxxx, XX 00000

89. Courtyard Dallas Medical/Market Center, 0000 Xxxxxx Xxxxxx Xxxx., Xxxxxx, XX 00000

a. LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

b. ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I DLGL OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

90. Fairfield Inn & Suites Dallas Medical/Market Center, 0000 Xxxxxx Xxxxxx Xxxxxxxxx xx Xxxxxxxx, Xxxxxx, XX 00000

a. DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT, dated as of April 11, 2014, from W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, to GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, as assigned to Lender.

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

91. Hampton Inn Dallas – Addison, 0000 Xxxxxxx Xxxxx, Xxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

92. Hilton Garden Inn Austin/Round Rock, 0000 Xxxxx XX00, Xxxxx Xxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

93. Homewood Suites by Hilton San Antonio – Northwest, 0000 Xxxxxxxx Xxx, Xxx Xxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

94. SpringHill Suites Austin Round Rock, 0000 Xxxxx Xxxxx, Xxxxx Xxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

95. SpringHill Suites Houston Hobby Airport, 0000 Xxxxxx Xxxx, Xxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I NTC OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

96.	SpringHill Suites San Antonio Medical Center, 0000 XX Xxxx 000, Xxx Xxxxxxx, XX 00000

c. ASSIGNMENT AND ASSUMPTION OF LEASEHOLD DEED OF TRUST, ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUE, AND SECURITY AGREEMENT AND ASSIGNMENT AND ASSUMPTION OF ASSIGNMENT OF LEASES, RENTS AND HOTEL REVENUES, dated as of the date hereof, by and among W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership, ARC HOSPITALITY PORTFOLIO I SAGL OWNER, LP, a Delaware limited partnership, and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES.

SCHEDULE III

Operating Lease Agreements


Lease #	Lessor	Lessee	Property Name	Property Address	City/St/Zip

001	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Birmingham/Xxxxxx	0000 Xxxx Xxxxxxx Xxxxxxx	Xxxxxxxxxx, XX 00000

002	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Embassy Suites Orlando International Drive/Jamaican Court	0000 Xxxxxxxx Xxxxx	Xxxxxxx, XX 00000

003	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Miami Airport—West/Doral	0000 XX 00xx Xxxxxx	Xxxxx, XX 00000

004	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Tampa Airport/Westshore	0000 Xxxx Xxxx Xxxxxx	Xxxxx Xxxxxxx/Xxxxxxxxx, XX 00000

005	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Fairfield Inn & Suites Atlanta Vinings	0000 Xxxxx Xxxxx Xxxx	Xxxxxxx , XX 00000

006	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Homewood Suites by Hilton Chicago-Downtown	00 Xxxx Xxxxx Xxxxxx	Xxxxxxx, XX 00000

007	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Indianapolis/Keystone	0000 Xxxxxxxx Xxxxxxxx	Xxxxxxxxxxxx, XX 00000

008	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Baton Rouge/I-10	0000 Xxxxxxxxxx Xxxxxxxxx	Xxxxx Xxxxx, XX 00000

009	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Baltimore/BWI Airport	000 Xxxxxxxxxxxxx Xxxxx	Xxxxxxxxx Xxxxxxx, XX 00000

010	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Albuquerque/Uptown	0000 Xxxxxx Xxxxx Xxxx	Xxxxxxxxxxx, XX 00000

011	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Cincinnati Blue Ash	00000 Xxxx Xxxxxxx Xxxxxxx	Xxxx Xxx, XX 00000

012	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Columbus/Worthington	0000 Xxxxxxx Xxxxx	Xxxxxxxx, XX 00000

013	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Memphis/Wolfchase Galleria	0000 Xxxxxxx Xxxxx	Xxxxxxx, XX 00000

014	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Nashville/Franklin/Cool Springs	000 Xxxxxx Xxxxxx Xxxxxx	Xxxxxxxx, XX 00000


Lease #	Lessor	Lessee	Property Name	Property Address	City/St/Zip
015	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Hyatt Place Richmond/Innsbrook	0000 Xxx Xxxx	Xxxx Xxxxx, XX 00000

016	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Courtyard Lexington South/Hamburg Place	0000 Xxxxxxxx Xxxxx	Xxxxxxxxx, XX 00000

017	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Courtyard Louisville Downtown	000 Xxxxx Xxxxxx Xxxxxx	Xxxxxxxxxx, XX00000

018	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Residence Inn Lexington South/Hamburg Place	0000 Xxxx Xxxxxx Xxxxxxx	Xxxxxxxxx, XX 00000

019	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	SpringHill Suites Lexington Near the University of Kentucky	000 X. Xxxxxxxx	Xxxxxxxxx, XX 00000

020	ARC Hospitality Portfolio I BHGL Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Birmingham/Mountain Brook	0000 XX Xxxxxxx 000	Xxxxxxxxxx, XX 00000

021	ARC Hospitality Portfolio I PXGL Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Homewood Suites by Hilton Phoenix-Biltmore	0000 Xxxx Xxxxxxxx Xxxxxx	Xxxxxxx, XX 00000

022	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Colorado Springs Air Force Academy	0000 Xxxxxxxx Xxxxxx Xxxxx	Xxxxxxxx Xxxxxxx, XX 00000

023	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Homewood Suites by Hilton Hartford/Windsor Locks	00 Xxxx Xxxxxx Xxxxxxxx	Xxxxxxx Xxxxx, XX 00000

024	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn & Suites Boynton Beach	0000 Xxxx Xxxxxxx Xxxxxxxxx	Xxxxxxx Xxxxx, XX 00000

025	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Boca Raton	0000 Xxxxxx Xxxx	Xxxx Xxxxx, XX 00000

026	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Boca Raton – Deerfield Beach	000 Xxxx Xxxxxxxxx Xxxxxxxxx	Xxxxxxxxx Xxxxx, XX 00000

027	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Palm Beach Gardens	0000 XXX Xxxxxxxxx	Xxxx Xxxxx Xxxxxxx, XX 00000

028	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Xxxxxxx Xxx Xxxx Xxxx Xxxxx Xxxxxxx Turnpike	0000 Xxxxx Xxxxxxx	Xxxx Xxxx Xxxxx, XX 00000


Lease #	Lessor	Lessee	Property Name	Property Address	City/St/Zip
029	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Chicago/Gurnee	0000 Xxxxx Xxxxxx	Xxxxxx, XX 00000

030	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Kansas City/Overland Park	00000 Xxxxxxx Xxxxxxxx Xxxx	Xxxxxxxx Xxxx, XX 00000

031	ARC Hospitality Portfolio I GBGL Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Baltimore/Xxxx Burnie	0000 Xxxxxxx Xxxxxxx	Xxxx Xxxxxx, XX 00000

032	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Detroit/Madison Heights/South Xxxx	00000 Xxxxxxxxxx Xxxxxxx	Xxxxxxx Xxxxxxx, XX 00000

033	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Detroit/Northville	00000 Xxxxxxxx Xxxx	Xxxxxxxxxx, XX 00000

034	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn St. Louis/Westport	0000 Xxx Xxxxxxx Xxxx	Xxxxxxxx Xxxxxxx, XX 00000

035	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Albany-Wolf Road (Airport)	00 Xxxxxxx Xxxxx	Xxxxxx, XX 00000

036	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Cleveland/Westlake	00000 Xxxxxxx Xxxx	Xxxxxxxx, XX 00000

037	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Columbus/Dublin	0000 Xxxxxx Xxxx	Xxxxxx, XX 00000

038	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Scranton at Montage Mountain	00 Xxxxxxx Xxxxxxxx Xxxx	Xxxxxxxx, XX 00000

039	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Kansas City-Airport	00000 Xxxxx Xxxxxx Xxxxxx	Xxxxxx Xxxx, XX 00000

040	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn State College	0000 Xxxx Xxxxxxx Xxxxxx	Xxxxx Xxxxxxx, XX 00000

041	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Charleston-Airport/Coliseum	0000 Xxxx Xxxxx Xxxxxxxxx Xxxxx	Xxxxxxxxxx, XX 00000

042	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Columbia—I-26 Airport	0000 Xxxxx Xxxxx	Xxxx Xxxxxxxx, XX 00000


Lease #	Lessor	Lessee	Property Name	Property Address	City/St/Zip
043	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Memphis-Poplar	0000 Xxxxxx Xxxxxx	Xxxxxxx, XX 00000

044	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Pickwick Dam—at Shiloh Falls	00 Xxx Xxxxx Xxxx	Xxxxxx, XX 00000

045	ARC Hospitality Portfolio I NFGL Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Norfolk-Naval Base	0000 Xxxxxxx Xxxxxxxxx	Xxxxxxx, XX 00000

046	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Xxxxxxx	000 Xxxxxx Xxxx Xxxxx	Xxxxxxx, XX 00000

047	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Morgantown	0000 Xxx Xxxxxxx Xxxx	Xxxxxxxxxx, XX 00000

048	ARC Hospitality Portfolio I MBGL 1000 Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Courtyard Mobile	0000 Xxxx X-00 Xxxxxxx Xxxx	Xxxxxx, XX 00000

049	ARC Hospitality Portfolio I MBGL 950 Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Mobile	000 Xxxx X-00 Xxxxxxx Xxxx X.	Xxxxxx , XX 00000

050	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Courtyard Gainesville	0000 XX 00xx Xxxxxx	Xxxxxxxxxxx, XX 00000

051	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Courtyard Orlando Altamonte Springs/Maitland	0000 Xxxxxxxx Xxxxx	Xxxxxxx, XX 00000

052	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Courtyard Sarasota Bradenton Airport	000 Xxxxxxxxxx Xxxxxxx	Xxxxxxxx, XX 00000

053	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Courtyard Tallahassee North/I-10 Capital Circle	0000 Xxxxxxx Xxxxx Xxxx	Xxxxxxxxxxx, XX 00000

054	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Holiday Inn Express and Suites: Xxxxxxx East-Miami	00000 XX 00xx Xxxxxx	Xxxxx, XX 00000

055	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Fort Xxxxx	0000 Xxxxxxxx Xxxxxxxxx	Xxxx Xxxxx, XX 00000

056	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Sarasota Bradenton	0000 Xxxxxxxxxx Xxxxxxx	Xxxxxxxx, XX 00000


Lease #	Lessor	Lessee	Property Name	Property Address	City/St/Zip
057	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Xxxxxxxxx Xxx Xxxxxxxxxxx Xxxxx/X-00 Xxxxxxx Xxxxxx	0000 Xxxxxxx Xxxxx Xxxx	Xxxxxxxxxxx, XX 00000

058	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Tampa Sabal Park/Xxxxxxx	0000 Xxxxxxxx Xxxx Xxxxxx	Xxxxx, XX 00000

059	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Tampa North/I-75 Xxxxxxxx	00000 Xxxxx Xxxxxxx Xxxxxxx	Xxxxx, XX 00000

060	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Courtyard Athens Downtown	000 Xxxxx Xxxxxx Xxxxxx	Xxxxxx, XX 00000

061	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Macon	0000 Xxxxxxxx Xxxxx	Xxxxx, XX 00000

062	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Savannah Midtown	0000 Xxxxx Xxxxx Xxxx	Xxxxxxxx, XX 00000

063	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Courtyard Knoxville Cedar Bluff	000 Xxxxxxx Xxxxx	Xxxxxxxxx, XX 00000

064	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Chattanooga Downtown	000 Xxxxxxxx Xxxxxx	Xxxxxxxxxxx, XX 00000

065	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company	Residence Inn Knoxville Cedar Bluff	000 Xxxxxxx Xxxxx at Xxxxx Xxxxxx Xxxx	Xxxxxxxxx, XX 00000

066	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Courtyard Jacksonville Airport Northeast	00000 Xxxxx Xxxx	Xxxxxxxxxxxx, XX 00000

067	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Residence Inn Boise Downtown	0000 Xxxx Xxxxxx	Xxxxx, XX 00000

068	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Courtyard Chicago Elmhurst/Oakbrook Area	000 Xxxxx XX Xxxxx 00	Xxxxxxxx, Xx 00000

069	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I TRS, LLC, a Delaware limited liability company	Courtyard Bowling Green Convention Center	0000 Xxxxxxxxx Xxxxx	Xxxxxxx Xxxxx, XX 00000

070	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Hampton Inn Boston/Peabody	00 Xxxxxxx Xxxxxx Xxxxx 0 Xxxxx	Xxxxxxx, XX 00000


Lease #	Lessor	Lessee	Property Name	Property Address	City/St/Zip
071	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Homewood Suites by Hilton Boston-Peabody	00 Xxxxxxx Xxxxxx	Xxxxxx, XX 00000

072	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Hampton Inn Grand Rapids-North	000 Xxxxxx Xxxxx	Xxxxx Xxxxxx, XX 00000

073	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	SpringHill Suites Grand Rapids North	000 Xxxxxx Xxxxx	Xxxxx Xxxxxx, XX 00000

074	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Hyatt Place Minneapolis Airport-South	0000 Xxxxxxxxxxxxx Xxxxx	Xxxxxxxxxxx, XX 00000

075	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Hyatt Place Las Vegas	0000 Xxxxxxxx Xxxx	Xxx Xxxxx, XX 00000

076	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Residence Inn Portland Downtown/Xxxxx Center	0000 XX Xxxxxxxxx Xxxxxx	Xxxxxxxx, XX 00000

077	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Holiday Inn Charleston Mt. Pleasant	000 Xxxxxx Xxxxx Xxxxxxxxx	Xxxxx Xxxxxxxx, XX 00000

078	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I MISC TRS, LLC, a Delaware limited liability company	Hampton Inn & Suites Nashville/Franklin (Cool Springs)	0000 Xxxxx Xxxxxxx Xxxxx	Xxxxxxxx, XX 00000

079	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	Residence Inn Los Angeles LAX/El Segundo	0000 Xxxx Xx Xxxxxxx Xxxxxxxxx	Xx Xxxxxxx, XX 00000

080	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	Residence Inn San Diego Rancho Xxxxxxxx/Scripps Poway	00000 Xxxxxxx Xxxxxxxxx Xxxxx	Xxx Xxxxx, XX 00000

081	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	SpringHill Suites San Diego Rancho Xxxxxxxx/Scripps Poway	00000 Xxxxxxx Xxxxxxxxx Xxxxx	Xxx Xxxxx, XX 00000

082	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	Fairfield Inn & Suites Dallas Medical/Market Center	0000 Xxxxxx Xxxxxx Xxxxxxxxx xx Xxxxxxxx	Xxxxxx, XX 00000

083	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	SpringHill Suites Austin Round Rock	0000 Xxxxx Xxxxx	Xxxxx Xxxx, XX 00000

084	ARC Hospitality Portfolio I SAGL Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	SpringHill Suites San Antonio Medical Center/Northwest	0000 XX Xxxx 000	Xxx Xxxxxxx, XX 00000


Lease #	Lessor	Lessee	Property Name	Property Address	City/St/Zip
085	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	Courtyard Asheville	Xxx Xxxxxxxxx Xxxxx	Xxxxxxxxx, XX 00000

086	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC HIL TRS, LP, a Delaware limited partnership	Hampton Inn Charlotte/Gastonia	0000 Xxxxxxx Xxxx	Xxxxxxxx, XX 00000

087	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC HIL TRS, LP, a Delaware limited partnership	Hampton Inn Dallas -Addison	0000 Xxxxxxx Xxxxx	Xxxxxxx, XX 00000

088	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC HIL TRS, LP, a Delaware limited partnership	Homewood Suites by Hilton San Antonio-Northwest	4323 Spectrum Xxx	Xxx Xxxxxxx, XX 00000

089	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC HIL TRS, LP, a Delaware limited partnership	Xxxxxxx Xxx Xxxxxxxxxxxx X-00 10/25/2007	0000 Xxxxx Xxxxx Xxxx	Xxxxxxxxxxxx, XX 00000

090	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I DEKS TRS, LLC, a Delaware limited liability company	Hyatt Place Kansas City/Overland Park/Xxxxxxx	0000 Xxxx 000xx Xxxxxx	Xxxxxxxx Xxxx, XX 00000

091	ARC Hospitality Portfolio I DLGL Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	Courtyard Dallas Medical/Market Center	0000 Xxxxxx Xxxxxx Xxxx.	Xxxxxx, XX 00000

092	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	Hilton Garden Inn Austin/Round Rock	0000 Xxxxx XX00	Xxxxx Xxxx, XX 00000

093	ARC Hospitality Portfolio I NTC Owner, LP, a Delaware limited partnership	ARC Hospitality Portfolio I NTC TRS, LP, a Delaware limited partnership	SpringHill Suites Houston Hobby Airport	0000 Xxxxxx Xxxx	Xxxxxxx, XX 00000

094	ARC Hospitality Portfolio I Owner, LLC, a Delaware limited liability company	ARC Hospitality Portfolio I HIL TRS, LLC, a Delaware limited liability company	Hampton Inn Columbus-Airport Hampton Inn Chattanooga-Airport/I-75 Homewood Suites by Hilton Memphis-Germantown	0000 Xxxxxxxxxxx Xxxx 7013 Shallowford Road 0000 Xxxx Xxxxx Xxxxxxxxx	Xxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000

SCHEDULE IV

Management Agreements


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2

Courtyard Asheville	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.

Courtyard Athens Downtown	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.

Courtyard Bowling Green Convention Center	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Courtyard Chicago Elmhurst/Oakbrook Area	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	First Hospitality Group, Inc.

Courtyard Dallas Medical/Market Center	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	Liquor-Related Agreement – Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	ARC Hospitality Portfolio I TX Beverage Company, LLC
	Liquor-Related Agreement – Management Agreement	ARC Hospitality Portfolio I TX Beverage Company, LLC	Crestline Hotels & Resorts, LLC

Courtyard Gainesville	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.
Courtyard Jacksonville Airport Northeast	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, LP

Courtyard Knoxville Cedar Bluff	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 0
Xxxxxxxxx Xxxxxxxxx Xxxxx/Xxxxxxx Place	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Xxxxxxxxx Hotels Management, LLC

Courtyard Louisville Downtown	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Xxxxxxxxx Hotels Management, LLC

Courtyard Mobile	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.

Courtyard Orlando Altamonte Springs/Maitland	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.

Courtyard Sarasota Bradenton Airport	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.

Courtyard Tallahassee North/I-10 Capital Circle	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	XxXxxxxx Hotel Management, Inc.

Embassy Suites Orlando International Drive/Jamaican Court	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Fairfield Inn & Suites Atlanta Vinings	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Fairfield Inn & Suites Dallas Medical/Market Center	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 0
Xxxxxxx Xxx & Xxxxxx Xxxxxxx Xxxxx	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Colorado Springs Air Force Academy	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn & Suites Nashville/Franklin (Cool Springs)	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, XX

Xxxxxxx Inn Albany-Wolf Road (Airport)	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Baltimore/Xxxx Burnie	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Beckley	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Birmingham/Mountain Brook	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Boca Raton	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Boca Raton – Deerfield Beach	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Hampton Inn Boston/Peabody	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, XX

Xxxxxxx Inn Charleston-Airport/Coliseum	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Charlotte/Gastonia	Operator Agreement	ARC Hospitality Portfolio I NTC HIL TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Chattanooga-Airport/I-75	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Chicago/Gurnee	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Cleveland/Westlake	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Columbia—I-26 Airport	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Columbus/Dublin	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Columbus-Airport	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Hampton Inn Dallas -Addison	Operator Agreement	ARC Hospitality Portfolio I NTC HIL TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Detroit/Madison Heights/South Xxxx	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Detroit/Northville	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Fayetteville I-95 10/25/2007	Operator Agreement	ARC Hospitality Portfolio I NTC HIL TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Grand Rapids-North	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, XX

Xxxxxxx Inn Kansas City/Overland Park	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Kansas City-Airport	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Memphis-Poplar	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Morgantown	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Hampton Inn Norfolk-Naval Base	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Palm Beach Gardens	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Pickwick Dam—at Shiloh Falls	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn Scranton at Montage Mountain	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn St. Louis/Westport	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Hampton Inn State College	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC

Xxxxxxx Xxx Xxxx Xxxx Xxxxx Xxxxxxx Turnpike	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Hampton Inns Management LLC
Hilton Garden Inn Austin/Round Rock	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	Liquor-Related Agreement – Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	ARC Hospitality Portfolio I TX Beverage Company, LLC
	Liquor-Related Agreement – Management Agreement	ARC Hospitality Portfolio I TX Beverage Company, LLC	Crestline Hotels & Resorts, LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Holiday Inn Charleston Mt. Pleasant	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, LP

Holiday Inn Express and Suites: Kendall East-Miami	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Homewood Suites by Hilton Boston-Peabody	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, LP

Homewood Suites by Hilton Chicago-Downtown	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Homewood Suites by Hilton Hartford/Windsor Locks	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Homewood Suties Management LLC

Homewood Suites by Hilton Memphis-Germantown	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Homewood Suties Management LLC

Homewood Suites by Hilton Phoenix-Biltmore	Operator Agreement	ARC Hospitality Portfolio I HIL TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Homewood Suties Management LLC

Homewood Suites by Hilton San Antonio-Northwest	Operator Agreement	ARC Hospitality Portfolio I NTC HIL TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Homewood Suties Management LLC

Hyatt Place Albuquerque/Uptown	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Hyatt Place Baltimore/BWI Airport	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	Liquor Related Agreement—Occupancy Agreement	Crestline Hotels & Resorts, LLC	Crestline Hotels & Resorts, Inc.-Baltimore

Hyatt Place Baton Rouge/I-10	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Birmingham/Hoover	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Cincinnati Blue Ash	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	F&B Tenancy Agreement	ARC Hospitality Portfolio I TRS, LLC	Crestline Hotels Ohio BevCo, LLC

Hyatt Place Columbus/Worthington	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	F&B Tenancy Agreement	ARC Hospitality Portfolio I TRS, LLC	Crestline Hotels Ohio BevCo, LLC

Hyatt Place Indianapolis/Keystone	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Kansas City/Overland Park/Metcalf	Operator Agreement	ARC Hospitality Portfolio I DEKS TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	Liquor Related Agreement—F&B Management Agreement	ARC Hospitality Portfolio I KS TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Liquor Related Agreement—Sub-Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Las Vegas	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, LP


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Hyatt Place Memphis/Wolfchase Galleria	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Miami Airport—West/Doral	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Minneapolis Airport-South	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	First Hospitality Group, Inc.

Hyatt Place Nashville/Franklin/Cool Springs	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Richmond/Innsbrook	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Hyatt Place Tampa Airport/Westshore	Operator Agreement	ARC Hospitality Portfolio I TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Residence Inn Boise Downtown	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Innventures IVI, LP
Residence Inn Chattanooga Downtown	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Residence Inn Fort Myers	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Residence Inn Knoxville Cedar Bluff	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Residence Inn Lexington South/Hamburg Place	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Musselman Hotels Management, LLC

Residence Inn Los Angeles LAX/El Segundo	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

Residence Inn Macon	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Residence Inn Mobile	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.
Residence Inn Portland Downtown/Lloyd Center	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Innventures IVI, LP

Residence Inn San Diego Rancho Bernardo/Scripps Poway	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
Residence Inn Sarasota Bradenton	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Residence Inn Savannah Midtown	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Residence Inn Tallahassee North/I-10 Capital Circle	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Residence Inn Tampa North/I-75 Fletcher	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

Residence Inn Tampa Sabal Park/Brandon	Operator Agreement	ARC Hospitality Portfolio I MCK TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	McKibbon Hotel Management, Inc.

SpringHill Suites Austin Round Rock	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	Liquor-Related Agreement – Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	ARC Hospitality Portfolio I TX Beverage Company, LLC
	Liquor-Related Agreement – Management Agreement	ARC Hospitality Portfolio I TX Beverage Company, LLC	Crestline Hotels & Resorts, LLC

SpringHill Suites Grand Rapids North	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Pillar Hotels and Resorts, LP
SpringHill Suites Houston Hobby Airport	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	Liquor-Related Agreement – Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	ARC Hospitality Portfolio I TX Beverage Company, LLC
	Liquor-Related Agreement – Management Agreement	ARC Hospitality Portfolio I TX Beverage Company, LLC	Crestline Hotels & Resorts, LLC


HOTEL NAME	AGREEMENT TYPE	SIGNATORY 1	SIGNATORY 2
SpringHill Suites Lexington Near the University of Kentucky	Operator Agreement	ARC Hospitality Portfolio I MISC TRS, LLC	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Musselman Hotels Management, LLC

SpringHill Suites San Antonio Medical Center/Northwest	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC
	Liquor-Related Agreement – Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	ARC Hospitality Portfolio I TX Beverage Company, LLC
	Liquor-Related Agreement – Management Agreement	ARC Hospitality Portfolio I TX Beverage Company, LLC	Crestline Hotels & Resorts, LLC

SpringHill Suites San Diego Rancho Bernardo/Scripps Poway	Operator Agreement	ARC Hospitality Portfolio I NTC TRS, LP	American Realty Capital Hospitality Grace Portfolio, LLC
	Management Agreement	American Realty Capital Hospitality Grace Portfolio, LLC	Crestline Hotels & Resorts, LLC

EXHIBIT A-1

Legal Description of Real Property

(see attached)

EXHIBIT A-2

Description of Ground Leases

AMENDMENT TO SCHEDULE VIII

ADDITIONAL GROUND LEASE DOCUMENTS


Property		Additional Ground Lease Documents

Hampton Inn Birmingham (Mountain Brook), AL		• Consent of Landlord by S&S Associates LLC and New Owners, Vestavia LLC as Tenants in Common • Assignment and Assumption of Ground Lease, dated February 27, 2015, by W2007 Equity Inns Realty, LLC in favor of ARC Hospitality Portfolio I BHGL Owner, LLC • Unconditional & Irrevocable Guaranty, by American Realty Capital Hospitality Trust, Inc. in favor of S&S Associates LLC and New Owners, Vestavia LLC as Tenants in Common

Homewood Suites, Phoenix, AZ		• Assignment and Assumption of Ground Lease, dated February 27, 2015, by W2007 Equity Inns Realty, LLC in favor of ARC Hospitality Portfolio I PXGL Owner, LLC

Hampton Inn, Norfolk, VA		• Ground Lease Consent to Assignment and Sublease and Estoppel, dated as of January 21, 2015, between Glenwood Square Shopping Center Associates, L.L.C. and ARC Hospitality Portfolio I NFGL Owner, LLC • Assignment and Assumption of Ground Lease, dated February 27, 2015, by W2007 Equity Inns Realty, LLC in favor of ARC Hospitality Portfolio I NFGL Owner, LLC • Guaranty of Lease, made as of the [27^th day of February 2015], by American Realty Capital Hospitality Operating Partnership, L.P., in favor of Glenwood Square Shopping Center Associates, L.L.C.


Courtyard, Dallas, TX		• Consent to Assignment, Sublease, Management Agreement, Sub-Management Agreement, Concession Agreement and Alcohol Services Agreement and Amendment to Ground Lease, dated as of [February 27, 2015] by Istar Dallas GL LLP, W2007 Equity Inns Realty, LP, ARC Hospitality Portfolio I DLGL Owner, LP, American Realty Capital Hospitality Grace Portfolio, LLC, Crestline Hotels & Resorts, LLC and ARC Hospitality Portfolio I TX Beverage Company, LLC • Guaranty of Lease dated February 27, 2015 by American Realty Capital Hospitality Trust, Inc. to Istar Dallas GL LLP • Assignment and Assumption of Ground Lease, dated February 27, 2015, by W2007 Equity Inns Realty, LP in favor of ARC Hospitality Portfolio I DLGL Owner, LP

Residence Inn, Mobile, AL		• Assignment and Assumption of Ground Lease, dated February 27, 2015, by W2007 Equity Inns Realty, LLC in favor of ARC Hospitality Portfolio I MGBL 950 Owner, LLC

Courtyard, Mobile, AL		• Assignment and Assumption of Ground Lease, dated February 27, 2015, by W2007 Equity Inns Realty, LLC in favor of ARC Hospitality Portfolio I MGBL 1000 Owner, LLC

Springhill Suites, San Antonio, TX		• Consent to Assignment and Assumption of Lease, made and entered into as of the 31^st day of December, 2014, by and between Crossroads Mall Partners, Ltd, W2007 Equity Inns Realty, L.P. and ARC Hospitality Portfolio I SAGL Owner, LP • Assignment and Assumption of Ground Lease, dated February 27, 2015, by W2007 Equity Inns Realty, LP in favor of ARC Hospitality Portfolio I SAGL Owner, LP • Guaranty, dated as of [February 27, 2015], by American Realty Capital Hospitality Trust, Inc. in favor of Crossroads Mall Partners, Ltd.


		• Consent to Sublease dated as of January 27, 2015 by and between Crossroads Mall Partners, Ltd, ARC Hospitality Portfolio I SAGL Owner, LP, and ARC Hospitality Portfolio I NTC TRS, LP

Hampton Inn, Baltimore (Glen Burnie), MD		• Lease Assignment and Assumption Agreement, dated [February 27, 2015], by Governor Plaza Associates, Federal Realty Investment Trust, W2007 Equity Inns Realty, LLC, ARC Hospitality Portfolio I GBGL Owner, LLC, ARC Hospitality Portfolio I HIL TRS, LLC, and American Realty Capital Hospitality Trust, Inc. • Assignment and Assumption of Ground Lease, dated [February 27, 2015], by W2007 Equity Inns Realty, LLC in favor of ARC Hospitality Portfolio I GBGL Owner, LLC • Guaranty, dated as of [February 27, 2015], by American Realty Capital Hospitality Trust, Inc. in favor of Governor Plaza Associates and Federal Realty Investment Trust

EXHIBIT B

Individual Properties and Allocated Loan Amounts


Individual Property Name	Allocated Loan Amount
Hampton Inn Morgantown		9,039,931
Hampton Inn Beckley		11,063,797
Hyatt Place Richmond Innsbrook		5,329,512
Hampton Inn Norfolk-Naval Base		2,563,563
Fairfield Inn & Suites by Marriott Dallas Medical Market Center		6,447,614
Courtyard by Marriott Dallas Medical Market Center		12,480,502
SpringHill Suites by Marriott Austin Round Rock		5,801,747
Hilton Garden Inn Austin Round Rock		8,432,772
SpringHill Suites by Marriott San Antonio Medical Center Northwest		3,912,806
SpringHill Suites by Marriott Houston Hobby Airport		7,825,612
Hampton Inn Dallas-Addison		6,678,755
Homewood Suites by Hilton San Antonio-Northwest		9,782,015
Hampton Inn & Suites Nashville Franklin Cool Springs		13,964,670
Courtyard by Marriott Knoxville Cedar Bluff		7,555,764
Residence Inn by Marriott Chattanooga Downtown		7,420,839
Residence Inn by Marriott Knoxville Cedar Bluff		6,948,604
Hyatt Place Nashville Franklin Cool Springs		10,119,326
Hyatt Place Memphis Wolfchase Galleria		6,948,604
Homewood Suites by Hilton Memphis-Germantown		5,127,125
Hampton Inn Memphis-Poplar		8,635,158
Hampton Inn Pickwick Dam at Shiloh Falls		1,416,706
Hampton Inn Chattanooga Airport I-75		2,986,031
Hampton Inn Columbia I-26 Airport		3,642,957
Hampton Inn Charleston-Airport Coliseum		2,493,889
Holiday Inn Charleston Mount Pleasant		7,150,990
Hampton Inn Scranton at Montage Mountain		7,690,688
Hampton Inn State College		7,825,612
Residence Inn by Marriott Portland Downtown Lloyd Center		21,925,207
Hyatt Place Columbus Worthington		5,801,747
Hyatt Place Cincinnati Blue Ash		4,587,428
Hampton Inn Columbus Dublin		7,623,226


Hampton Inn Cleveland-Westlake			8,365,310
Hampton Inn Albany-Wolf Road (Airport)			11,198,721
Hyatt Place Las Vegas			12,345,578
Hyatt Place Albuquerque Uptown			10,119,326
Courtyard by Marriott Asheville			8,635,158
Hampton Inn Fayetteville I-95			3,527,940
Hampton Inn Charlotte-Gastonia			6,881,142
Hampton Inn St. Louis Westport			5,194,587
Hampton Inn Kansas City-Airport			6,341,444
Hyatt Place Minneapolis Airport-South			8,230,385
SpringHill Suites by Marriott Grand Rapids North			7,285,915
Hampton Inn Grand Rapids-North			8,095,461
Hampton Inn Detroit Madison Heights South Troy			8,230,385
Hampton Inn Detroit Northville			6,071,596
Hyatt Place Baltimore BWI Airport			6,746,217
Hampton Inn Baltimore Glen Burnie			1,821,479
Homewood Suites by Hilton Boston-Peabody			6,206,520
Hampton Inn Boston Peabody			9,107,394
Hyatt Place Baton Rouge I-10			7,690,688
Residence Inn by Marriott Lexington South Hamburg Place			8,230,385
SpringHill Suites by Marriott Lexington Near the University of Kentucky			9,647,091
Courtyard by Marriott Louisville Downtown			18,214,787
Courtyard by Marriott Lexington South Hamburg Place			9,444,704
Courtyard by Marriott Bowling Green Convention Center			7,758,150
Hyatt Place Kansas City Overland Park Metcalf			5,464,436
Hampton Inn Kansas City Overland Park			2,493,889
Hyatt Place Indianapolis Keystone			7,758,150
Courtyard by Marriott Chicago Elmhurst Oakbrook Area			7,285,915
Homewood Suites by Hilton Chicago Downtown			44,784,930
Hampton Inn Chicago Gurnee			7,758,150
Residence Inn by Marriott Boise Downtown			5,869,209
Fairfield Inn & Suites by Marriott Atlanta Vinings			6,206,520
Residence Inn by Marriott Macon			3,710,420
Residence Inn by Marriott Savannah Midtown			5,262,050
Courtyard by Marriott Athens Downtown			6,004,134
Hampton Inn Columbus-Airport			1,703,143


Embassy Suites by Hilton Orlando—International Drive Jamaican Court			14,032,132
Residence Inn by Marriott Tampa North I-75 Fletcher			6,408,907
Courtyard by Marriott Orlando Altamonte Springs Maitland			8,905,007
Courtyard by Marriott Sarasota Bradenton Airport			5,936,671
Residence Inn by Marriott Sarasota Bradenton			6,948,604
Courtyard by Marriott Jacksonville Airport Northeast			3,467,113
Hampton Inn Palm Beach Gardens			14,167,057
Hampton Inn Boca Raton-Deerfield Beach			9,107,394
Hampton Inn & Suites Boynton Beach			19,496,568
Hampton Inn Boca Raton			9,714,553
Courtyard by Marriott Gainesville			8,365,310
Residence Inn by Marriott Tampa Sabal Park Brandon			8,095,461
Holiday Inn Express & Suites Kendall East			6,611,293
Hyatt Place Tampa Airport Westshore			11,738,418
Hyatt Place Miami Airport-West Doral			12,682,889
Homewood Suites by Hilton Hartford Windsor Locks			7,758,150
Hampton Inn Colorado Springs Central Air Force Academy			2,068,103
Residence Inn by Marriott Los Angeles LAX El Segundo			24,728,758
SpringHill Suites by Marriott San Diego Rancho Bernardo Scripps Poway			14,167,057
Residence Inn by Marriott San Diego Rancho Bernardo Scripps Poway			16,821,306
Homewood Suites by Hilton Phoenix-Biltmore			11,603,494
Residence Inn by Marriott Mobile			4,506,694
Courtyard by Marriott Mobile			3,575,495
Hyatt Place Birmingham Hoover			6,543,831
Hampton Inn Birmingham Mountain Brook			5,869,209
Residence Inn by Marriott Tallahassee North I-10 Capital Circle			6,948,604
Courtyard by Marriott Tallahassee North I-10 Capital Circle			7,285,915
Residence Inn by Marriott Ft Myers			5,801,747
Hampton Inn West Palm Beach Florida Turnpike			11,873,343

EXHIBIT C

Original Mezzanine Loan Allocated Loan Amounts


Individual Property Name	Allocated Loan Amount
Hampton Inn Morgantown		1,160,037
Hampton Inn Beckley		1,419,747
Hyatt Place Richmond Innsbrook		683,903
Hampton Inn Norfolk-Naval Base		328,966
Fairfield Inn & Suites by Marriott Dallas Medical Market Center		827,382
Courtyard by Marriott Dallas Medical Market Center		1,601,544
SpringHill Suites by Marriott Austin Round Rock		744,502
Hilton Garden Inn Austin Round Rock		1,082,124
SpringHill Suites by Marriott San Antonio Medical Center Northwest		502,106
SpringHill Suites by Marriott Houston Hobby Airport		1,004,212
Hampton Inn Dallas-Addison		857,043
Homewood Suites by Hilton San Antonio-Northwest		1,255,264
Hampton Inn & Suites Nashville Franklin Cool Springs		1,791,998
Courtyard by Marriott Knoxville Cedar Bluff		969,584
Residence Inn by Marriott Chattanooga Downtown		952,270
Residence Inn by Marriott Knoxville Cedar Bluff		891,671
Hyatt Place Nashville Franklin Cool Springs		1,298,549
Hyatt Place Memphis Wolfchase Galleria		891,671
Homewood Suites by Hilton Memphis-Germantown		657,932
Hampton Inn Memphis-Poplar		1,108,095
Hampton Inn Pickwick Dam at Shiloh Falls		181,797
Hampton Inn Chattanooga Airport I-75		383,178
Hampton Inn Columbia I-26 Airport		467,478
Hampton Inn Charleston-Airport Coliseum		320,025
Holiday Inn Charleston Mount Pleasant		917,642
Hampton Inn Scranton at Montage Mountain		986,898
Hampton Inn State College		1,004,212
Residence Inn by Marriott Portland Downtown Lloyd Center		2,813,524
Hyatt Place Columbus Worthington		744,502
Hyatt Place Cincinnati Blue Ash		588,676
Hampton Inn Columbus Dublin		978,241
Hampton Inn Cleveland-Westlake		1,073,467


Hampton Inn Albany-Wolf Road (Airport)			1,437,061
Hyatt Place Las Vegas			1,584,230
Hyatt Place Albuquerque Uptown			1,298,549
Courtyard by Marriott Asheville			1,108,095
Hampton Inn Fayetteville I-95			452,718
Hampton Inn Charlotte-Gastonia			883,014
Hampton Inn St. Louis Westport			666,589
Hampton Inn Kansas City-Airport			813,758
Hyatt Place Minneapolis Airport-South			1,056,153
SpringHill Suites by Marriott Grand Rapids North			934,956
Hampton Inn Grand Rapids-North			1,038,839
Hampton Inn Detroit Madison Heights South Troy			1,056,153
Hampton Inn Detroit Northville			779,130
Hyatt Place Baltimore BWI Airport			865,700
Hampton Inn Baltimore Glen Burnie			233,739
Homewood Suites by Hilton Boston-Peabody			796,444
Hampton Inn Boston Peabody			1,168,694
Hyatt Place Baton Rouge I-10			986,898
Residence Inn by Marriott Lexington South Hamburg Place			1,056,153
SpringHill Suites by Marriott Lexington Near the University of Kentucky			1,237,950
Courtyard by Marriott Louisville Downtown			2,337,389
Courtyard by Marriott Lexington South Hamburg Place			1,211,979
Courtyard by Marriott Bowling Green Convention Center			995,555
Hyatt Place Kansas City Overland Park Metcalf			701,217
Hampton Inn Kansas City Overland Park			320,025
Hyatt Place Indianapolis Keystone			995,555
Courtyard by Marriott Chicago Elmhurst Oakbrook Area			934,956
Homewood Suites by Hilton Chicago Downtown			5,746,968
Hampton Inn Chicago Gurnee			995,555
Residence Inn by Marriott Boise Downtown			753,159
Fairfield Inn & Suites by Marriott Atlanta Vinings			796,444
Residence Inn by Marriott Macon			476,135
Residence Inn by Marriott Savannah Midtown			675,246
Courtyard by Marriott Athens Downtown			770,473
Hampton Inn Columbus-Airport			218,554


Embassy Suites by Hilton Orlando—International Drive Jamaican Court			1,800,655
Residence Inn by Marriott Tampa North I-75 Fletcher			822,415
Courtyard by Marriott Orlando Altamonte Springs Maitland			1,142,723
Courtyard by Marriott Sarasota Bradenton Airport			761,816
Residence Inn by Marriott Sarasota Bradenton			891,671
Courtyard by Marriott Jacksonville Airport Northeast			444,913
Hampton Inn Palm Beach Gardens			1,817,969
Hampton Inn Boca Raton-Deerfield Beach			1,168,694
Hampton Inn & Suites Boynton Beach			2,501,872
Hampton Inn Boca Raton			1,246,607
Courtyard by Marriott Gainesville			1,073,467
Residence Inn by Marriott Tampa Sabal Park Brandon			1,038,839
Holiday Inn Express & Suites Kendall East			848,386
Hyatt Place Tampa Airport Westshore			1,506,317
Hyatt Place Miami Airport-West Doral			1,627,515
Homewood Suites by Hilton Hartford Windsor Locks			995,555
Hampton Inn Colorado Springs Central Air Force Academy			265,387
Residence Inn by Marriott Los Angeles LAX El Segundo			3,173,286
SpringHill Suites by Marriott San Diego Rancho Bernardo Scripps Poway			1,817,969
Residence Inn by Marriott San Diego Rancho Bernardo Scripps Poway			2,158,572
Homewood Suites by Hilton Phoenix-Biltmore			1,489,003
Residence Inn by Marriott Mobile			578,316
Courtyard by Marriott Mobile			458,821
Hyatt Place Birmingham Hoover			839,729
Hampton Inn Birmingham Mountain Brook			753,159
Residence Inn by Marriott Tallahassee North I-10 Capital Circle			891,671
Courtyard by Marriott Tallahassee North I-10 Capital Circle			934,956
Residence Inn by Marriott Ft Myers			744,502
Hampton Inn West Palm Beach Florida Turnpike			1,523,621

EXHIBIT D

Required Repairs

NONE.

EXHIBIT E

Organizational Chart of New Borrower

EXHIBIT F

Intellectual Property/Websites

Borrower

Asset Name

Domain Name

Hosting

Expiration

Date

Domain
Expiration
Date

Account
Holder

ARC Hospitality Portfolio I Owner, LLC

Homewood Suites Chicago

xxx.xxxxxxxxxxxxxxxxxxxxx.xxx

4/10/2016

First Hospitality

ARC Hospitality Portfolio I Owner, LLC

Embassy Suites Orlando

xxx.xxxxxxxxxxxxxxxxxxxx.xxx

9/30/2016

Hilton

ARC Hospitality Portfolio I Owner, LLC

Hampton Inn Charleston

xxx.xxxxxxxxxxxxxxxxxxxxxxxxxxx.xxx

4/19/2015

Hilton

ARC Hospitality Portfolio I NTC Owner, LP

Residence Inn San Diego

xxx.xxxxxxxxxxxxxxxxxxxxxxxxx.xxx

Month-to-Month

2/10/2015

Huntington

ARC Hospitality Portfolio I NTC Owner, LP

SpringHill Suites San Diego

xxx.xxxxxxxxxxxxxxxxxxxxxxx.xxx

Month-to-Month

2/10/2015

Huntington

ARC Hospitality Portfolio I NTC Owner, LP

Fairfield Inn & Suites Dallas

xxx.xxxxxxxxxxxxxxxxxxxxxxx.xxx

Month-to-Month

1/4/2015

Huntington

ARC Hospitality Portfolio I DLGL Owner, LP

Courtyard Dallas

xxx.xxxxxxxxxxxxxxxxxxxx.xxx

Month-to-Month

1/4/2015

Huntington

ARC Hospitality Portfolio I Owner, LLC

Holiday Inn Charleston Mt. Pleasant

xxx.xxxxxxxxxxxx.xxx

12/31/2015

4/30/2017

Pillar

EXHIBIT G

Rent Roll

ENN Rent Roll


Asset	PMC	Lease	In or Noticed of Default	Annual Amount
Residence Inn Los Angeles	Huntington Pacific Hotels	ATM Cash Dispenser	No	based on # of transactions
Embassy Suites Orlando	Hilton	Plaza Resort Gift Shop	No	1,061
Hampton Inn Knoxville	Hilton	Parking Agreement	No	18,000
Embassy Suites Orlando	Hilton	Avis Budget	No	3,600
Courtyard Houston I-10 (ENN)	Huntington Hospitality Management	Parking Agreement	No	21,000
Embassy Suites Orlando	Hilton	Sterling Shuttle	No	1,200
Courtyard Louisville	Musselman Hotels	Riverside 307 Parking spaces	No	299,000 (YTD’13)
Fairfield Inn Atlanta Vinings	LinGate	Cell Tower	No	Immaterial
Hampton Inn Baltimore	Hilton	Cell Tower	No	Immaterial
Hampton Inn Knoxville	Hilton	Cell Tower	No	Immaterial
Hyatt Place Las Vegas	Pillar	Cell Tower	No	Immaterial
Hyatt Place Tampa Airport/Westshore	Pillar	Cell Tower	No	Immaterial
SpringHill Suites San Diego	Huntington	Cell Tower	No	Immaterial

115

EXHIBIT H

Franchise Agreements

SCHEDULE XII

FRANCHISE AGREEMENTS


No.	Brand	Asset Name and Address	Franchisor	Expiration
1.	Courtyard	Courtyard Asheville One Buckstone Place Asheville, NC 28805	Marriott International, Inc.		2/27/2030

2.	Courtyard	Courtyard Athens Downtown 166 North Finley Street Athens, GA 30601	Marriott International, Inc.		2/27/2030

3.	Courtyard	Courtyard Bowling Green Convention Center 1010 Wilkinson Trace Bowling Green, KY 42104	Marriott International, Inc.		2/27/2030

4.	Courtyard	Courtyard Chicago Elmhurst/Oakbrook Area 370 North IL Route 83 Elmhurst, IL 60126	Marriott International, Inc.		2/27/2030

5.	Courtyard	Courtyard Dallas Medical/Market Center 2150 Market Center Blvd. Dallas, TX 75207	Marriott International, Inc.		2/27/2030

6.	Courtyard	Courtyard Gainesville 3700 SW 42nd Street Gainesville, FL 32608	Marriott International, Inc.		2/27/2030

7.	Courtyard	Courtyard Jacksonville Airport Northeast 14668 Duval Road Jacksonville, FL 32218	Marriott International, Inc.		2/27/2030

8.	Courtyard	Courtyard Knoxville Cedar Bluff 216 Langley Place Knoxville, TN 37922	Marriott International, Inc.		2/27/2030


		Schedule XIII-1		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
9.	Courtyard	Courtyard Lexington South/Hamburg Place 1951 Pleasant Ridge Lexington, KY 40509	Marriott International, Inc.		2/27/2030

10.	Courtyard	Courtyard Louisville Downtown 100 South Second Street Louisville, KY40202	Marriott International, Inc.		2/27/2030

11.	Courtyard	Courtyard Mobile 1000 West I-65 Service Road Mobile, AL 36609	Marriott International, Inc.		2/27/2030

12.	Courtyard	Courtyard Orlando Altamonte Springs/Maitland 1750 Pembrook Drive Orlando, FL 32810	Marriott International, Inc.		2/27/2030

13.	Courtyard	Courtyard Sarasota Bradenton Airport 850 University Parkway Sarasota, FL 34234	Marriott International, Inc.		2/27/2030

14.	Courtyard	Courtyard Tallahassee North/I-10 Capital Circle 1972 Raymond Diehl Road Tallahassee, FL 32308	Marriott International, Inc.		2/27/2030

15.	Embassy Suites	Embassy Suites Orlando International Drive/Jamaican Court 8250 Jamaican Court Orlando, FL 32819	Embassy Suites Franchise LLC		2/27/2030

16.	Fairfield Inn & Suites	Fairfield Inn & Suites Atlanta Vinings 2450 Paces Ferry Road Atlanta , GA 30339	Marriott International, Inc.		2/27/2030

17.	Fairfield Inn & Suites	Fairfield Inn & Suites Dallas Medical/Market Center 2110 Market Center Boulevard at Stemmons Dallas, TX 75207	Marriott International, Inc.		2/27/2030


		Schedule XIII-2		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
18.	Hampton Inn & Suites	Hampton Inn & Suites Boynton Beach1475 West Gateway Boulevard Boynton Beach, FL 33426	Hampton Inns Franchise LLC		2/27/2030

19.	Hampton Inn	Hampton Inn Colorado Springs Air Force Academy 7245 Commerce Center Drive Colorado Springs, CO 80919	Hampton Inns Franchise LLC		10/31/2017

20.	Hampton Inn & Suites	Hampton Inn & Suites Nashville/Franklin (Cool Springs) 7141 South Springs Drive Franklin, TN 37067	Hampton Inns Franchise LLC		2/27/2030

21.	Hampton Inn	Hampton Inn Albany-Wolf Road (Airport) 10 Ulenski Drive Albany, NY 12005	Hampton Inns Franchise LLC		2/27/2030

22.	Hampton Inn	Hampton Inn Baltimore/Glen Burnie 6617 Ritchie Highway Glen Burnie, MD 21061	Hampton Inns Franchise LLC		2/27/2030

23.	Hampton Inn	Hampton Inn Beckley 110 Harper Park Drive Beckley, WV 25801	Hampton Inns Franchise LLC		2/27/2030

24.	Hampton Inn	Hampton Inn Birmingham/Mountain Brook 2731 US Highway 280 Birmingham, AL 35223	Hampton Inns Franchise LLC		2/27/2030

25.	Hampton Inn	Hampton Inn Boca Raton 1455 Yamato Road Boca Raton, FL 33431	Hampton Inns Franchise LLC		2/27/2030

26.	Hampton Inn	Hampton Inn Boca Raton – Deerfield Beach 660 West Hillsboro Boulevard Deerfield Beach, FL 33441	Hampton Inns Franchise LLC		2/27/2030


		Schedule XIII-3		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
27.	Hampton Inn	Hampton Inn Boston/Peabody 59 Newbury Street Route 1 North Peabody, MA 01960	Hampton Inns Franchise LLC		2/27/2030

28.	Hampton Inn	Hampton Inn Charleston-Airport/Coliseum 4701 Saul White Boulevard North Charleston, SC 29418	Hampton Inns Franchise LLC		10/31/2017

29.	Hampton Inn	Hampton Inn Charlotte/Gastonia 1859 Remount Road Gastonia, NC 28054	Hampton Inns Franchise LLC		2/27/2030

30.	Hampton Inn	Hampton Inn Chattanooga-Airport/I-75 7013 Shallowford Road Chattanooga, TN 37421	Hampton Inns Franchise LLC		10/31/2017

31.	Hampton Inn	Hampton Inn Chicago/Gurnee 5550 Grand Avenue Gurnee, IL 60031	Hampton Inns Franchise LLC		2/27/2030

32.	Hampton Inn	Hampton Inn Cleveland/Westlake 29690 Detroit Road Westlake, OH 44145	Hampton Inns Franchise LLC		2/27/2030

33.	Hampton Inn	Hampton Inn Columbia—I-26 Airport 1094 Chris Drive West Columbia, SC 29169	Hampton Inns Franchise LLC		2/27/2030

34.	Hampton Inn	Hampton Inn Columbus/Dublin 3920 Tuller Road Dublin, OH 43017	Hampton Inns Franchise LLC		2/27/2030

35.	Hampton Inn	Hampton Inn Columbus-Airport 5585 Whitesville Road Columbus, GA 31904	Hampton Inns Franchise LLC		10/31/2017

36.	Hampton Inn	Hampton Inn Dallas -Addison 4505 Beltway Drive Addison, TX 75001	Hampton Inns Franchise LLC		2/27/2030


		Schedule XIII-4		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
37.	Hampton Inn	Hampton Inn Detroit/Madison Heights/South Troy 32420 Stephenson Highway Madison Heights, MI 48071	Hampton Inns Franchise LLC		2/27/2030

38.	Hampton Inn	Hampton Inn Detroit/Northville 20600 Haggerty Road Northville, MI 48167	Hampton Inns Franchise LLC		2/27/2030

39.	Hampton Inn	Hampton Inn Fayetteville I-95 10/25/2007 1922 Cedar Creek Road Fayetteville, NC 28312	Hampton Inns Franchise LLC		12/31/2016

40.	Hampton Inn	Hampton Inn Grand Rapids-North 500 Center Drive Grand Rapids, MI 49544	Hampton Inns Franchise LLC		2/27/2030

41.	Hampton Inn	Hampton Inn Kansas City/Overland Park 10591 Metcalf Frontage Road Overland Park, KS 66212	Hampton Inns Franchise LLC		2/27/2030

42.	Hampton Inn	Hampton Inn Kansas City-Airport 11212 North Newark Circle Kansas City, MO 64153	Hampton Inns Franchise LLC		2/27/2030

43.	Hampton Inn	Hampton Inn Memphis-Poplar 5320 Poplar Avenue Memphis, TN 38119	Hampton Inns Franchise LLC		2/27/2030

44.	Hampton Inn	Hampton Inn Morgantown 1053 Van Voorhis Road Morgantown, WV 26505	Hampton Inns Franchise LLC		2/27/2030

45.	Hampton Inn	Hampton Inn Norfolk-Naval Base 8501 Hampton Boulevard Norfolk, VA 23505	Hampton Inns Franchise LLC		2/27/2030

46.	Hampton Inn	Hampton Inn Palm Beach Gardens 4001 RCA Boulevard Palm Beach Gardens, FL 33410	Hampton Inns Franchise LLC		2/27/2030


		Schedule XIII-5		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
47.	Hampton Inn	Hampton Inn Pickwick Dam—at Shiloh Falls 90 Old South Road Counce, TN 38326	Hampton Inns Franchise LLC		2/27/2030

48.	Hampton Inn	Hampton Inn Scranton at Montage Mountain 22 Montage Mountain Road Scranton, PA 18507	Hampton Inns Franchise LLC		2/27/2030

49.	Hampton Inn	Hampton Inn St. Louis/Westport 2454 Old Dorsett Road Maryland Heights, MO 63043	Hampton Inns Franchise LLC		2/27/2030

50.	Hampton Inn	Hampton Inn State College 1101 East College Avenue State College, PA 16801	Hampton Inns Franchise LLC		2/27/2030

51.	Hampton Inn	Hampton Inn West Palm Beach Florida Turnpike 2025 Vista Parkway West Palm Beach, FL 33411	Hampton Inns Franchise LLC		2/27/2030

52.	Hilton Garden Inn	Hilton Garden Inn Austin/Round Rock 2310 North IH35 Round Rock, TX 78681	Hilton Garden Inns Franchise LLC		2/27/2030

53.	Holiday Inn	Holiday Inn Charleston Mt. Pleasant 250 Johnnie Dodds Boulevard Mount Pleasant, SC 29464	Holiday Hospitality Franchising, LLC		2/27/2030

54.	Holiday Inn Express and Suites	Holiday Inn Express and Suites: Kendall East-Miami 11520 SW 88th Street Miami, FL 33176	Holiday Hospitality Franchising, LLC		2/27/2030

55.	Homewood Suites by Hilton	Homewood Suites by Hilton Boston-Peabody 57 Newbury Street Boston, MA 01960	Homewood Suites Franchise LLC		2/27/2030


		Schedule XIII-6		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
56.	Homewood Suites by Hilton	Homewood Suites by Hilton Chicago-Downtown 40 East Grand Avenue Chicago, IL 60611	Homewood Suites Franchise LLC		2/27/2030

57.	Homewood Suites by Hilton	Homewood Suites by Hilton Hartford/Windsor Locks 65 Ella Grasso Turnpike Windsor Locks, CT 06096	Homewood Suites Franchise LLC		2/27/2030

58.	Homewood Suites by Hilton	Homewood Suites by Hilton Memphis-Germantown 7855 Wolf River Boulevard Germantown, TN 38138	Homewood Suites Franchise LLC		2/27/2030

59.	Homewood Suites by Hilton	Homewood Suites by Hilton Phoenix-Biltmore 2001 East Highland Avenue Phoenix, AZ 85016	Homewood Suites Franchise LLC		2/27/2030

60.	Homewood Suites by Hilton	Homewood Suites by Hilton San Antonio-Northwest 4323 Spectrum One San Antonio, TX 78230	Homewood Suites Franchise LLC		2/27/2030

61.	Hyatt Place	Hyatt Place Albuquerque/Uptown 6901 Arvada North East Albuquerque, NM 87110	Hyatt Place Franchising, L.L.C.		2/27/2035

62.	Hyatt Place	Hyatt Place Baltimore/BWI Airport 940 International Drive Linthicum Heights, MD 21090	Hyatt Place Franchising, L.L.C.		2/27/2035

63.	Hyatt Place	Hyatt Place Baton Rouge/I-10 6080 Bluebonnet Boulevard Baton Rouge, LA 70809	Hyatt Place Franchising, L.L.C.		2/27/2035

64.	Hyatt Place	Hyatt Place Birmingham/Hoover 2980 John Hawkins Parkway Birmingham, AL 35244	Hyatt Place Franchising, L.L.C.		2/27/2035


		Schedule XIII-7		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
65.	Hyatt Place	Hyatt Place Cincinnati Blue Ash 11435 Reed Hartman Highway Blue Ash, OH 45241	Hyatt Place Franchising, L.L.C.		2/27/2035

66.	Hyatt Place	Hyatt Place Columbus/Worthington 7490 Vantage Drive Columbus, OH 43235	Hyatt Place Franchising, L.L.C.		2/27/2035

67.	Hyatt Place	Hyatt Place Indianapolis/Keystone 9104 Keystone Crossing Indianapolis, IN 46240	Hyatt Place Franchising, L.L.C.		2/27/2035

68.	Hyatt Place	Hyatt Place Kansas City/Overland Park/Metcalf 6801 West 112th Street Overland Park, KS 66211	Hyatt Place Franchising, L.L.C.		2/27/2035

69.	Hyatt Place	Hyatt Place Las Vegas 4520 Paradise Road Las Vegas, NV 89109	Hyatt Place Franchising, L.L.C.		2/27/2035

70.	Hyatt Place	Hyatt Place Memphis/Wolfchase Galleria 7905 Giacosa Place Memphis, TN 38133	Hyatt Place Franchising, L.L.C.		2/27/2035

71.	Hyatt Place	Hyatt Place Miami Airport—West/Doral 3655 NW 82nd Avenue Miami, FL 33166	Hyatt Place Franchising, L.L.C.		2/27/2035

72.	Hyatt Place	Hyatt Place Minneapolis Airport-South 7800 International Drive Bloomington, MN 55425	Hyatt Place Franchising, L.L.C.		2/27/2035

73.	Hyatt Place	Hyatt Place Nashville/Franklin/Cool Springs 650 Bakers Bridge Avenue Franklin, TN 37067	Hyatt Place Franchising, L.L.C.		2/27/2035

74.	Hyatt Place	Hyatt Place Richmond/Innsbrook 4100 Cox Road Glen Allen, VA 23060	Hyatt Place Franchising, L.L.C.		2/27/2035


		Schedule XIII-8		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
75.	Hyatt Place	Hyatt Place Tampa Airport/Westshore 4811 West Main Street Tampa Airport/Westshore, FL 33607	Hyatt Place Franchising, L.L.C.		2/27/2035

76.	Residence Inn	Residence Inn Boise Downtown 1401 Lusk Avenue Boise, ID 83706	Marriott International, Inc.		12/22/2022

77.	Residence Inn	Residence Inn Chattanooga Downtown 215 Chestnut Street Chattanooga, TN 37402	Marriott International, Inc.		2/27/2030

78.	Residence Inn	Residence Inn Fort Myers 2960 Colonial Boulevard Fort Myers, FL 33912	Marriott International, Inc.		2/27/2030

79.	Residence Inn	Residence Inn Knoxville Cedar Bluff 215 Langley Place at North Peters Road Knoxville, TN 37922	Marriott International, Inc.		2/27/2030

80.	Residence Inn	Residence Inn Lexington South/Hamburg Place 2688 Pink Pigeon Parkway Lexington, KY 40509	Marriott International, Inc.		2/27/2030

81.	Residence Inn	Residence Inn Los Angeles LAX/El Segundo 2135 East El Segundo Boulevard El Segundo, CA 90245	MIF, L.L.C.		2/27/2030

82.	Residence Inn	Residence Inn Macon 3900 Sheraton Drive Macon, GA 31210	Marriott International, Inc.		2/27/2030

83.	Residence Inn	Residence Inn Mobile 950 West I-65 Service Road S. Mobile , AL 36609	Marriott International, Inc.		2/27/2030

84.	Residence Inn	Residence Inn Portland Downtown/Lloyd Center 1710 NE Multnomah Street Portland, OR 97232	Marriott International, Inc.		12/22/2022


		Schedule XIII-9		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
85.	Residence Inn	Residence Inn San Diego Rancho Bernardo/Scripps Poway 12011 Scripps Highlands Drive San Diego, CA 92131	MIF, L.L.C.		2/27/2030

86.	Residence Inn	Residence Inn Sarasota Bradenton 1040 University Parkway Sarasota, FL 34234	Marriott International, Inc.		2/27/2030

87.	Residence Inn	Residence Inn Savannah Midtown 5710 White Bluff Road Savannah, GA 31405	Marriott International, Inc.		2/27/2030

88.	Residence Inn	Residence Inn Tallahassee North/I-10 Capital Circle 1880 Raymond Diehl Road Tallahassee, FL 32308	Marriott International, Inc.		2/27/2030

89.	Residence Inn	Residence Inn Tampa North/I-75 Fletcher 13420 North Telecom Parkway Tampa, FL 33637	Marriott International, Inc.		2/27/2030

90.	Residence Inn	Residence Inn Tampa Sabal Park/Brandon 9719 Princess Palm Avenue Tampa, FL 33619	Marriott International, Inc.		2/27/2030

91.	SpringHill Suites	SpringHill Suites Austin Round Rock 2960 Hoppe Trail Round Rock, TX 78681	Marriott International, Inc.		2/27/2030

92.	SpringHill Suites	SpringHill Suites Grand Rapids North 450 Center Drive Grand Rapids, MI 49544	Marriott International, Inc.		2/27/2030

93.	SpringHill Suites	SpringHill Suites Houston Hobby Airport 7922 Mosley Road Houston, TX 77061	Marriott International, Inc.		2/27/2030


		Schedule XIII-10		Loan Agreement


No.	Brand	Asset Name and Address	Franchisor	Expiration
94.	SpringHill Suites	SpringHill Suites Lexington Near the University of Kentucky 863 S. Broadway Lexington, KY 40504	Marriott International, Inc.		2/27/2030

95.	SpringHill Suites	SpringHill Suites San Antonio Medical Center/Northwest 3636 NW Loop 410 San Antonio, TX 78201	Marriott International, Inc.		2/27/2030

96.	SpringHill Suites	SpringHill Suites San Diego Rancho Bernardo/Scripps Poway 12032 Scripps Highlands Drive San Diego, CA 92131	MIF, L.L.C.		2/27/2030


		Schedule XIII-11		Loan Agreement

EXHIBIT I

Property Accounts and Property Account Banks


Property Name	Bank	Name on Account	Account Number	Management Company
Hyatt Place Indianapolis/Keystone	PNC Bank, N.A.	ARC Hospitality Portfolio I TRS, LLC dba Hyatt Place Indianapolis/Keystone FBO Berkadia	4123876799	Crestline Hotels and Resorts, LLC

Courtyard Lexington South/Hamburg Place	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I MISC TRS, LLC dba Courtyard Lexington South/ Hamburg Place FBO Berkadia	687005863	Musselman Hotels Management, L.L.C.

Courtyard Louisville Downtown	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I MISC TRS, LLC dba Courtyard Louisville Downtown FBO Berkadia	687008180	Musselman Hotels Management, L.L.C.

Residence Inn Lexington South/Hamburg Place	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I MISC TRS, LLC dba Residence Inn Lexington South/ Hamburg Place FBO Berkadia	687006788	Musselman Hotels Management, L.L.C.

SpringHill Suites Lexington Near the University of Kentucky	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I MISC TRS, LLC dba Springhill Suites Lexington Near the University of Kentucky FBO Berkadia	687007505	Musselman Hotels Management, L.L.C.

Homewood Suites by Hilton Hartford/Windsor Locks	Bank of America, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Homewood Suites Hartford	1291859235	Homewood Suites Management LLC

Hampton Inn Detroit/Madison Heights/South Troy	Bank of America, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Detroit/Madison Heights	1291063571	Hampton Inns Management LLC



Hampton Inn Detroit/Northville	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Detroit/Northville	689055015	Hampton Inns Management LLC

Hampton Inn St. Louis/Westport	Bank of America, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn St. Louis/Westport	1291063576	Hampton Inns Management LLC

Hampton Inn Albany-Wolf Road (Airport)	Bank of America, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Albany	1291063590	Hampton Inns Management LLC

Hampton Inn Cleveland/Westlake	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Cleveland/Westlake	689053986	Hampton Inns Management LLC

Hampton Inn Columbus/Dublin	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Columbus/Dublin	689053978	Hampton Inns Management LLC

Hampton Inn State College	PNC Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn State College	5303575111	Hampton Inns Management LLC

Hampton Inn Chattanooga-Airport/I-75	Bank of America, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Chattanooga	1291859230	Hampton Inns Management LLC

Hampton Inn Pickwick Dam—at Shiloh Falls	Hardin County Bank	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Pickwick	50009540	Hampton Inns Management LLC

Hampton Inn Beckley	JPMorgan Chase Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Beckley	689055007	Hampton Inns Management LLC

Hampton Inn Morgantown	PNC Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco, LLC (HIL) Hampton Inn Morgantown	5303575103	Hampton Inns Management LLC

Courtyard Knoxville Cedar Bluff	SunTrust Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco LLC dba Courtyard Knoxville	1000176350899	Mckibbon Hotel Management, Inc



Residence Inn Knoxville Cedar Bluff	SunTrust Bank, N.A.	ARC Hospitality Portfolio I TRS Holdco LLC dba Residence Inn Knoxville	1000176350881	Mckibbon Hotel Management, Inc

Courtyard Bowling Green Convention Center	Branch Banking and Trust Company	ARC Hospitality Portfolio I TRS, LLC dba Courtyard Bowling Green Convention Center FBO Berkadia	4123876815	Crestline Hotels and Resorts, LLC

Hyatt Place Indianapolis/Keystone	PNC Bank, N.A.	ARC Hospitality Portfolio I TRS, LLC dba Hyatt Place Indianapolis/Keystone FBO Berkadia	4123876799	Crestline Hotels and Resorts, LLC

EXHIBIT J

Closing Date Managers

HOTEL NAME

STATE

ADDRESS

CITY/
STATE/ZIP

OPERATOR

MANAGER

CURRENT
LIQUOR
LICENSE
HOLDER

WHO
SHOULD
HOLD
LL

NEW
LIQUOR
LICENSE
HOLDER

Courtyard Asheville

One Buckstone Place

Asheville, NC 28805

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Owner

Owner or manager

Consolidation is required

Courtyard Athens Downtown

166 North Finley Street

Athens, GA 30601

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Courtyard Bowling Green Convention Center

1010 Wilkinson Trace

Bowling Green, KY 42104

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

Courtyard Chicago Elmhurst/Oakbrook Area

370 North IL Route 83

Elmhurst, Il 60126

American Realty Capital Hospitality Grace Portfolio, LLC

First Hospitality Group, Inc.

Owner

Owner or manager

Courtyard Dallas Medical/Market Center

2150 Market Center Blvd.

Dallas, TX 75207

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

Consolidation is required

Courtyard Gainesville

3700 SW 42nd Street

Gainesville, FL 32608

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or joint

Courtyard Jacksonville Airport Northeast

14668 Duval Road

Jacksonville, FL 32218

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

Manager

Owner or joint

Courtyard Knoxville Cedar Bluff

216 Langley Place

Knoxville, TN 37922

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or manager

Courtyard Lexington South/Hamburg Place

1951 Pleasant Ridge

Lexington, KY 40509

American Realty Capital Hospitality Grace Portfolio, LLC

Musselman Hotels Management, L.L.C.

Owner

Courtyard Louisville Downtown

100 South Second Street

Louisville, KY40202

American Realty Capital Hospitality Grace Portfolio, LLC

Musselman Hotels Management, L.L.C.

Owner

Courtyard Mobile

1000 West I-65 Service Road

Mobile, AL 36609

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Owner

Consolidation with others required if they are under owner

Courtyard Orlando Altamonte Springs/Maitland

1750 Pembrook Drive

Orlando, FL 32810

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Owner

Owner or joint

Courtyard Sarasota Bradenton Airport

850 University Parkway

Sarasota, FL 34234

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or joint

Courtyard Tallahassee North/I-10 Capital Circle

1972 Raymond Diehl Road

Tallahassee, FL 32308

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or joint

Embassy Suites Orlando International Drive/Jamaican Court

8250 Jamaican Court

Orlando, FL 32819

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or joint

Fairfield Inn & Suites Atlanta Vinings

2450 Paces Ferry Road

Atlanta , GA 30339

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

N/A

Fairfield Inn & Suites Dallas Medical/Market Center

2110 Market Center Boulevard at Stemmons

Dallas, TX 75207

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

N/A

Consolidation is required

Hampton Inn & Suites Boynton Beach

1475 West Gateway Boulevard

Boynton Beach, FL 33426

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn & Suites Nashville/Franklin (Cool Springs)

7141 South Springs Drive

Franklin, TN 37067

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

Owner

Owner or manager

106

Hampton Inn Albany-Wolf Road (Airport)

10 Ulenski Drive

Albany, NY 12005

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Colorado Springs Air Force Academy

7245 Commerce Center Drive

Colorado Springs, CO 80919

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Pillar

Hampton Inn Baltimore/Glen Burnie

6617 Ritchie Highway

Glen Burnie, MD 21061

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

HOTEL NAME

STATE

ADDRESS

CITY/
STATE/ZIP

OPERATOR

MANAGER

CURRENT
LIQUOR
LICENSE
HOLDER

WHO
SHOULD
HOLD
LL

NEW
LIQUOR
LICENSE
HOLDER

Hampton Inn Beckley

110 Harper Park Drive

Beckley, WV 25801

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

Hampton Inn Birmingham/Mountain Brook

2731 US Highway 280

Birmingham, AL 35223

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation with others required if they are under owner

Hampton Inn Boca Raton

1455 Yamato Road

Boca Raton, FL 33431

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Boca Raton – Deerfield Beach

660 West Hillsboro Boulevard

Deerfield Beach, FL 33441

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Boston/Peabody

59 Newbury Street Route 1 North

Peabody, MA 01960

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

N/A

Hampton Inn Charleston-Airport/Coliseum

4701 Saul White Boulevard North

Charleston, SC 29418

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Charlotte/Gastonia

1859 Remount Road

Gastonia, NC 28054

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

Hampton Inn Chattanooga-Airport/I-75

7013 Shallowford Road

Chattanooga, TN 37421

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Chicago/Gurnee

5550 Grand Avenue

Gurnee, IL 60031

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Cleveland/Westlake

29690 Detroit Road

Westlake, OH 44145

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Columbia—I-26 Airport

1094 Chris Drive

West Columbia, SC 29169

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Columbus/Dublin

3920 Tuller Road

Dublin, OH 43017

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Columbus-Airport

5585 Whitesville Road

Columbus, GA 31904

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Dallas -Addison

4505 Beltway Drive

Addison, TX 75001

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

Hampton Inn Detroit/Madison Heights/South Troy

32420 Stephenson Highway

Madison Heights, MI 48071

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

Hampton Inn Detroit/Northville

20600 Haggerty Road

Northville, MI 48167

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

Hampton Inn Fayetteville I-95 10/25/2007

1922 Cedar Creek Road

Fayetteville, NC 28312

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

Hampton Inn Grand Rapids-North

500 Center Drive

Grand Rapids, MI 49544

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

N/A

Consolidation is required

Hampton Inn Kansas City/Overland Park

10591 Metcalf Frontage Road

Overland Park, KS 66212

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

Hampton Inn Kansas City-Airport

11212 North Newark Circle

Kansas City, MO 64153

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Memphis-Poplar

5320 Poplar Avenue

Memphis, TN 38119

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Morgantown

1053 Van Voorhis Road

Morgantown, WV 26505

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Consolidation is required

HOTEL NAME

STATE

ADDRESS

CITY/
STATE/ZIP

OPERATOR

MANAGER

CURRENT
LIQUOR
LICENSE
HOLDER

WHO
SHOULD
HOLD
LL

NEW
LIQUOR
LICENSE
HOLDER

Hampton Inn Norfolk-Naval Base

8501 Hampton Boulevard

Norfolk, VA 23505

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Palm Beach Gardens

4001 RCA Boulevard

Palm Beach Gardens, FL 33410

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Pickwick Dam—at Shiloh Falls

90 Old South Road

Counce, TN 38326

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn Scranton at Montage Mountain

22 Montage Mountain Road

Scranton, PA 18507

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn St. Louis/Westport

2454 Old Dorsett Road

Maryland Heights, MO 63043

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn State College

1101 East College Avenue

State College, PA 16801

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hampton Inn West Palm Beach Florida Turnpike

2025 Vista Parkway

West Palm Beach, FL 33411

American Realty Capital Hospitality Grace Portfolio, LLC

Hampton Inns Management LLC (Hilton)

N/A

Hilton Garden Inn Austin/Round Rock

2310 North IH35

Round Rock, TX 78681

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

Consolidation is required

Holiday Inn Charleston Mt. Pleasant

250 Johnny Dodds Boulevard

Mount Pleasant, SC 29464

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

Owner

105

Holiday Inn Express and Suites: Kendall East-Miami

11520 SW 88th Street

Miami, FL 33176

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

N/A

Homewood Suites by Hilton Boston-Peabody

57 Newbury Street

Boston, MA 01960

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

N/A

Homewood Suites by Hilton Chicago-Downtown

40 East Grand Avenue

Chicago, IL 60611

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or manager

Homewood Suites by Hilton Hartford/Windsor Locks

65 Ella Grasso Turnpike

Windsor Locks, CT 06096

American Realty Capital Hospitality Grace Portfolio, LLC

Homewood Suites Management LLC (Hilton)

N/A

Musselman

Homewood Suites by Hilton Memphis-Germantown

7855 Wolf River Boulevard

Germantown, TN 38138

American Realty Capital Hospitality Grace Portfolio, LLC

Homewood Suites Management LLC (Hilton)

N/A

Homewood Suites by Hilton Phoenix-Biltmore

2001 East Highland Avenue

Phoenix, AZ 85016

American Realty Capital Hospitality Grace Portfolio, LLC

Homewood Suites Management LLC (Hilton)

N/A

Homewood Suites by Hilton San Antonio-Northwest

4323 Spectrum One

San Antonio, TX 78230

American Realty Capital Hospitality Grace Portfolio, LLC

Homewood Suites Management LLC (Hilton)

N/A

Consolidation is required

Hyatt Place Albuquerque/Uptown

6901 Arvada North East

Albuquerque, NM 87110

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

Owner or manager

Hyatt Place Baltimore/BWI Airport

940 International Drive

Linthicum Heights, MD 21090

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Crestline or owner subsidiary

Hyatt Place Baton Rouge/I-10

6080 Bluebonnet Boulevard

Baton Rouge, LA 70809

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Hyatt Place Birmingham/Hoover

2980 John Hawkins Parkway

Birmingham, AL 35244

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Consolidation with others required if they are under owner

Hyatt Place Cincinnati Blue Ash

11435 Reed Hartman Highway

Blue Ash, OH 45241

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

Hyatt Place Columbus/Worthington

7490 Vantage Drive

Columbus, OH 43235

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

HOTEL NAME

STATE

ADDRESS

CITY/
STATE/ZIP

OPERATOR

MANAGER

CURRENT
LIQUOR
LICENSE
HOLDER

WHO
SHOULD
HOLD
LL

NEW
LIQUOR
LICENSE
HOLDER

Hyatt Place Indianapolis/Keystone

9104 Keystone Crossing

Indianapolis, IN 46240

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or manager

Hyatt Place Kansas City/Overland Park/Metcalf

6801 West 112th Street

Overland Park, KS 66211

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Must be KS entity

Consolidation is required

Hyatt Place Las Vegas

4520 Paradise Road

Las Vegas, NV 89109

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

Owner

102

Hyatt Place Memphis/Wolfchase Galleria

7905 Giacosa Place

Memphis, TN 38133

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or manager

Hyatt Place Miami Airport—West/Doral

3655 NW 82nd Avenue

Miami, FL 33166

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or joint

Hyatt Place Minneapolis Airport-South

7800 International Drive

Bloomington, MN 55425

American Realty Capital Hospitality Grace Portfolio, LLC

First Hospitality Group, Inc.

Owner

Hyatt Place Nashville/Franklin/Cool Springs

650 Bakers Bridge Avenue

Franklin, TN 37067

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or manager

Hyatt Place Richmond/Innsbrook

4100 Cox Road

Glen Allen, VA 23060

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or manager

Hyatt Place Tampa Airport/Westshore

4811 West Main Street

Tampa Airport/Westshore, FL 33607

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Owner

Owner or joint

Residence Inn Boise Downtown

1401 Lusk Avenue

Boise, ID 83706

American Realty Capital Hospitality Grace Portfolio, LLC

Innventures IVI, LP

Owner

Residence Inn Chattanooga Downtown

215 Chestnut Street

Chattanooga, TN 37402

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Owner

Owner or manager

Residence Inn Fort Myers

2960 Colonial Boulevard

Fort Myers, FL 33912

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

N/A

Residence Inn Knoxville Cedar Bluff

215 Langley Place at North Peters Road

Knoxville, TN 37922

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or manager

Residence Inn Lexington South/Hamburg Place

2688 Pink Pigeon Parkway

Lexington, KY 40509

American Realty Capital Hospitality Grace Portfolio, LLC

Musselman Hotels Management, L.L.C.

Owner

Residence Inn Los Angeles LAX/El Segundo

2135 East El Segundo Boulevard

El Segundo, CA 90245

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

McKibbon

Residence Inn Macon

3900 Sheraton Drive

Macon, GA 31210

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Residence Inn Mobile

950 West I-65 Service Road S.

Mobile , AL 36609

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Owner

Consolidation with others required if they are under owner

Residence Inn Portland Downtown/Lloyd Center

1710 NE Multnomah Street

Portland, OR 97232

American Realty Capital Hospitality Grace Portfolio, LLC

Innventures IVI, LP

Owner

104

Residence Inn San Diego Rancho Bernardo/Scripps Poway

12011 Scripps Highlands Drive

San Diego, CA 92131

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

Hilton

Residence Inn Sarasota Bradenton

1040 University Parkway

Sarasota, FL 34234

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or joint

Residence Inn Savannah Midtown

5710 White Bluff Road

Savannah, GA 31405

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Residence Inn Tallahassee North/I-10 Capital Circle

1880 Raymond Diehl Road

Tallahassee, FL 32308

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or joint

HOTEL NAME

STATE

ADDRESS

CITY/
STATE/ZIP

OPERATOR

MANAGER

CURRENT
LIQUOR
LICENSE
HOLDER

WHO
SHOULD
HOLD
LL

NEW
LIQUOR
LICENSE
HOLDER

Residence Inn Tampa North/I-75 Fletcher

13420 North Telecom Parkway

Tampa, FL 33637

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Manager

Owner or joint

Residence Inn Tampa Sabal Park/Brandon

9719 Princess Palm Avenue

Tampa, FL 33619

American Realty Capital Hospitality Grace Portfolio, LLC

McKibbon Hotel Management, Inc.

Owner

Owner or joint

SpringHill Suites Austin Round Rock

2960 Hoppe Trail

Round Rock, TX 78681

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

N/A

Consolidation is required

SpringHill Suites Grand Rapids North

450 Center Drive

Grand Rapids, MI 49544

American Realty Capital Hospitality Grace Portfolio, LLC

Pillar Hotels and Resorts, L.P.

N/A

Consolidation is required

SpringHill Suites Houston Hobby Airport

7922 Mosley Road

Houston, TX 77061

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

Manager

Consolidation is required

SpringHill Suites Lexington Near the University of Kentucky

863 S. Broadway

Lexington, KY 40504

American Realty Capital Hospitality Grace Portfolio, LLC

Musselman Hotels Management, L.L.C.

Owner

SpringHill Suites San Antonio Medical Center/Northwest

3636 NW Loop 410

San Antonio, TX 78201

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

N/A

Consolidation is required

SpringHill Suites San Diego Rancho Bernardo/Scripps Poway

12032 Scripps Highlands Drive

San Diego, CA 92131

American Realty Capital Hospitality Grace Portfolio, LLC

Crestline Hotels & Resorts, LLC

N/A

CRESTLINE

EXHIBIT K

Expiring Franchise Properties

SCHEDULE XVII

EXPIRING FRANCHISE AGREEMENTS


No.	Brand	Asset Name and Address	Franchisor	Expiration
1.	Hampton Inn & Suites	Hampton Inn Colorado Springs Air Force Academy 7245 Commerce Center Drive Colorado Springs, CO 80919	Hampton Inns Franchise LLC	10/31/2017

2.	Hampton Inn	Hampton Inn Charleston-Airport/Coliseum 4701 Saul White Boulevard North Charleston, SC 29418	Hampton Inns Franchise LLC	10/31/2017

3.	Hampton Inn	Hampton Inn Chattanooga-Airport/I-75 7013 Shallowford Road Chattanooga, TN 37421	Hampton Inns Franchise LLC	10/31/2017

4.	Hampton Inn	Hampton Inn Columbus-Airport 5585 Whitesville Road Columbus, GA 31904	Hampton Inns Franchise LLC	10/31/2017

5.	Hampton Inn	Hampton Inn Fayetteville I-95 10/25/2007 1922 Cedar Creek Road Fayetteville, NC 28312	Hampton Inns Franchise LLC	12/31/2016

Loan Agreement

Schedule XIII-1

EXHIBIT L

Scheduled PIP

NONE.

EXHIBIT M

PIP Work Other Than Scheduled PIP


Hotel Name	Estimated PIP Cost $000s		PIP Completion Date
HP Albuquerque/Uptown		1,633		2015
HP Baltimore/BWI Airport		1,762		2015
HP Baton Rouge/I-10		1,752		2016
HP Birmingham/Hoover		1,715		2016
HP Cincinnati/Blue Ash		1,782		2015
HP Columbus		1,526		2016
HP Indianapolis		1,494		2015
HP Kansas City/Overland Park/Metcalf		1,622		2016
HP Las Vegas		2,544		2015
HP Memphis/Wolfchase Galleria		1,613		2016
HP Miami Airport—West/Doral		438		2016
HP Minneapolis Airport		1,771		2015
HP Nashville/Franklin/Cool Springs		1,696		2016
HP Richmond/Innsbrook		1,907		2015
HP Tampa Airport Westshore		1,547		2015
HoI Mt Pleasant		3,994		2016
CY Asheville		1,484		2016
CY Dallas Medical/Market Center		2,755		2016
CY Gainesville		197		2016
CY Jacksonville Airport Northeast		1,587		2016
CY Knoxville Cedar Bluff		1,104		2016
CY Mobile		1,114		2016
CY Sarasota Bradenton Airport		1,495		2016
FFIS Atlanta Vinings		2,075		2016
RI Boise Downtown		1,965		2016
RI Chattanooga Downtown		1,920		2016
RI Fort Myers		210		2016
RI Knoxville Cedar Bluff		1,710		2016
RI Lexington South/Hamburg Place		2,527		2016
RI Los Angeles LAX/El Segundo		2,290		2016
RI Macon		1,580		2016
RI Savannah Midtown		1,640		2016
RI Tallahassee North/I-10 Capital Circle		2,198		2016
SHS Austin Round Rock		2,243		2016
SHS Grand Rapids North		716		2016


SHS San Diego Rancho Bernardo/Scripps Poway	445	2017
ES Orlando-Int’l/ Dr	1,665	2016
HGI Austin/Round Rock	3,139	2016
HI Beckley	1,700	2016
HI Birmingham	843	2016
HI Boca Raton/Deerfield Beach	2,112	2016
HI Boston/Peabody	573	2016
HI Charlotte/Gastonia	1,577	2016
HI Chicago/Gurnee	1,366	2016
HI Cleveland/Westlake	646	2016
HI Columbus/Dublin	979	2016
HI Kansas City—Airport	865	2016
HI Memphis-Poplar	2,553	2016
HI Norfolk	3,859	2016
HI Pickwick Dam—At Shiloh Falls	498	2016
HI Scranton at Montage Mountain	1,213	2016
HI St Louis/Westport (Maryland Heights)	895	2016
HI State College	3,465	2016
HI West Palm Beach/FL Turnpike	1,671	2016
HIS Boynton Beach	2,195	2016
HIS Nashville/Franklin (Cool Springs)	1,409	2016
HWS Boston-Peabody	3,711	2016
HWS Hartford/Windsor Locks	3,156	2016
HWS Memphis/Germantown	3,003	2016
HWS San Antonio-Northwest	4,913	2016
HIE Miami	2,420	2017
HI Albany-Wolf Road (Airport)	4,216	2017
HI Columbia	2,191	2017
HI Dallas/Addison	4,441	2017
HI Detriot/Northville	1,969	2017
HI Grand Rapids—North	2,429	2017
HI Morgantown	1,810	2017
HI Overland Park	2,660	2017
HI Palm Beach Gardens	1,401	2017
HWS Chicago-Downtown	7,428	2017
HWS Phoenix-Biltmore	4,242	2017
CY Athens Downtown	961	2018


CY Bowling Green Convention Center		1,905	2018
RI Mobile		352	2018
RI San Diego Rancho Bernardo/Scripps Poway		190	2018
RI Sarasota Bradenton		373	2018
RI Tampa North/I-75 Fletcher		585	2018
RI Tampa Sabal Park/Brandon		682	2018
SHS Houston Hobby Airport		258	2018
SHS Lexington Near the University of Kentucky		62	2018
SHS San Antonio Medical Center/Northwest		243	2018
HI Baltimore/ Glen Burnie		2,274	2018
HI Boca Raton		2,611	2018
HI Detroit/Madison Heights/South Troy		1,667	2018
CY Chicago Elmhurst/Oakbrook Area		1,058	2018
CY Lexington South/Hamburg Place		660	2018
CY Louisville Downtown		376	2018
CY Orlando Altamonte Springs/Maitland		319	2018
RI Portland Downtown/Lloyd Center		4,490	2018
CY Tallahassee North/I-10 Capital Circle		130	2019
FFIS Dallas Medical/Market Center		215	2019
Total	$	162,675

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ASSUMPTION AND RELEASE AGREEMENT

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