Exhibit 10.2.3

THIRD AMENDMENT TO
SENIOR SECURED CREDIT AGREEMENT

     THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT (this “Amendment”),
dated as of July 31, 2003 (the “Amendment Date”), is among INTERSTATE OPERATING
COMPANY, L.P. (fka MeriStar H & R Operating Company, L.P.), a Delaware limited
partnership, as the Borrower (“Borrower”); the Guarantors; SOCIÉTÉ GÉNÉRALE, as
Administrative Agent (the “Administrative Agent”); and the Lenders a party
hereto.

RECITALS:

     A. The Borrower; the Administrative Agent; the Lenders and certain other
parties are party to that certain Senior Secured Credit Agreement dated as of
July 31, 2002, as amended by First Amendment to Senior Secured Credit Agreement
dated as of August 15, 2002 and Second Amendment to Senior Secured Credit
Agreement dated as of January 10, 2003 (as amended, the “Original Credit
Agreement”).

     B. The Borrower desires to

     C. The parties hereto desire to amend the Original Credit Agreement and the
other Credit Documents (as defined in the Original Credit Agreement) as
hereinafter provided.

     NOW, THEREFORE, for and in consideration of the covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

     1. All terms used in this Amendment, but not defined herein, shall have the
meaning given such terms in the Original Credit Agreement.

     2. This Amendment shall become effective as of the Amendment Date if on or
prior to the close of business on August 11, 2003 (the “Termination Date”) the
following conditions precedent have been satisfied:

  a.   Documentation. The Administrative Agent shall have received counterparts
of this Amendment executed by the Borrower, the Guarantors and the Required
Lenders.

  b.   Representations and Warranties. The representations and warranties
contained in this Amendment, and in each Credit Document shall be true and
correct in all material respects both as of the Amendment Date and the date the
other conditions to this Amendment’s effectiveness are satisfied except for
changes which individually or in the aggregate do not constitute a Material
Adverse Change.

 

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  c.   No Default. No Default or Event of Default shall exist as of either the
Amendment Date or the date the other conditions to this Amendment’s
effectiveness are satisfied.

  d.   Subordinated Credit Agreement. The Subordinated Credit Agreement shall be
amended in form and substance satisfactory to the Administrative Agent so that
the Leverage Ratio covenant contained in Section 7.03 of the Subordinated Credit
Agreement shall be amended to provide for a maximum Leverage Ratio on every date
which is at least .50 (.25 for the period from the Status Reset Date during the
Fiscal Quarter commencing January 1, 2004 to the day immediately prior to the
Status Reset Date during the Fiscal Quarter commencing April 1, 2004) greater
than the maximum Leverage Ratio for each such date required under the Credit
Agreement pursuant to this Amendment.

  e.   Fees. The Administrative Agent shall have received for the benefit of
each Lender that executes and delivers this Amendment to the Administrative
Agent’s counsel by 5:00 p.m. EST on August 8, 2003 an amendment fee equal to
fifteen (15) basis points times such Lender’s Commitment.

If this Amendment does not become effective prior to the Termination Date, this
Amendment shall be null and void; provided however that the Borrower shall still
be obligated to reimburse Société Generale for costs and expenses incurred in
connection with this Amendment.

     3. The term “Credit Agreement” as used in the Credit Documents, shall mean
the Original Credit Agreement, as amended by this Amendment.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

-2-

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     4. From and after the Amendment Date, the chart set forth in Section 7.03
of the Credit Agreement is deleted in its entirety and replaced with the
following chart:

          Beginning Date of   Ending Date of Applicable     Applicable Period  
Period   Leverage Ratio

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Closing Date   The day immediately prior to the Status Reset Date during the
Fiscal Quarter commencing October 1, 2002   5.50 to 1.00           The Status
Reset Date during the Fiscal Quarter commencing October 1, 2002   The day
immediately prior to the Status Reset Date during the Fiscal Quarter commencing
January 1, 2003   5.00 to 1.00           The Status Reset Date during the Fiscal
Quarter commencing January 1, 2003   The day immediately prior to the Status
Reset Date during the Fiscal Quarter commencing July 1, 2003   4.75 to 1.00    
      The Status Reset Date during the Fiscal Quarter commencing July 1, 2003  
The day immediately prior to the Status Reset Date during the Fiscal Quarter
commencing October 1, 2003   4.45 to 1.00           The Status Reset Date during
the Fiscal Quarter commencing October 1, 2003   The day immediately prior to the
Status Reset Date during the Fiscal Quarter commencing April 1, 2004   4.25 to
1.00           The Status Reset Date during the Fiscal Quarter commencing
April 1, 2004   The day immediately prior to the Status Reset Date during the
Fiscal Quarter commencing January 1, 2005   4.00 to 1.00           The Status
Reset Date during the Fiscal Quarter commencing January 1, 2005   No ending date
  3.50 to 1.00

-3-

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     5. From and after the Amendment Date, the chart set forth in Section 7.04
of the Credit Agreement is deleted in its entirety and replaced with the
following chart:

          Beginning Date of   Ending Date of Applicable     Applicable Period  
Period   Senior Leverage Ratio

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Closing Date   The day immediately prior to the Status Reset Date during the
Fiscal Quarter commencing January 1, 2003   4.00 to 1.00           The Status
Reset Date during the Fiscal Quarter commencing January 1, 2003   The day
immediately prior to the Status Reset Date during the Fiscal Quarter commencing
January 1, 2004   3.25 to 1.00           The Status Reset Date during the Fiscal
Quarter commencing January 1, 2004   The day immediately prior to the Status
Reset Date during the Fiscal Quarter commencing April 1, 2004   3.00 to 1.00    
      The Status Reset Date during the Fiscal Quarter commencing April 1, 2004  
The day immediately prior to the Status Reset Date during the Fiscal Quarter
commencing October 1, 2004   2.75 to 1.00           The Status Reset Date during
the Fiscal Quarter commencing October 1, 2004   No ending date   2.50 to 1.00

     6. Each party hereto represents to the other parties hereto that such party
is authorized to execute this Amendment. In addition, the Borrower and the
Guarantors represent and warrant to the Lenders and the Administrative Agent
that (a) the representations and warranties contained in this Amendment, and in
each Credit Document are true and correct in all material respects as of the
Amendment Date except for changes which individually or in the aggregate do not
constitute a Material Adverse Change, (b) no Default or Event of Default exists
as of the Amendment Date except for any such Default or Event of Default as is
expressly waived or eliminated by this Amendment, and (c) such Persons have no
claims, offsets, or counterclaims with respect to their respective obligations
under the Credit Documents as of the Amendment Date.

     7. This Amendment may be executed in multiple counterparts, each of which
shall be an original, but all of which shall constitute but one Amendment.

-4-

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

EXECUTED as of the date first referenced above.

                BORROWER:       INTERSTATE OPERATING COMPANY, L.P.              
By:   Interstate Hotels & Resorts, Inc., its general partner           By:      
     

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        Name:            

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        Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              SOCIÉTÉ GÉNÉRALE, individually as a Lender and as Administrative
Agent, the Issuing Bank and the Alternate Currency Swing Line Lender            
  By:            

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        Thomas K. Day
Managing Director

 

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              CITICORP REAL ESTATE, INC.               By:            

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              LEHMAN COMMERCIAL PAPER INC.               By:            

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              CREDIT LYONNAIS NEW YORK BRANCH, individually as a Lender and as
Documentation Agent               By:            

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              THE BANK OF NOVA SCOTIA, acting through its
New York Agency               By:            

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

ACCESSION AGREEMENT, JOINDER, CONSENT AND RATIFICATION

Each of the following entities (each a “Company”) which is not yet a Guarantor
under the Senior Secured Credit Agreement dated as of July 31, 2002 (as amended
or modified from time to time, the “Credit Agreement”) among MERISTAR
HOSPITALITY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, as the
Borrower, SOCIÉTÉ GÉNÉRALE, as Administrative Agent (the “Administrative
Agent”), the Lenders and the other parties thereto, hereby agrees with (i) the
Administrative Agent and the Lenders under the Credit Agreement; (ii) the
parties to the Environmental Indemnification Agreement (the “Environmental
Indemnity”) dated as of even date as the Credit Agreement and executed in
connection with the Credit Agreement, (iii) the parties to the Guaranty and
Contribution Agreement (the “Guaranty”) dated as of even date as the Credit
Agreement and executed in connection with the Credit Agreement, and (iv) the
parties to the Pledge Agreement (the “Pledge Agreement”) dated as of even date
as the Credit Agreement and executed in connection with the Credit Agreement, as
follows:

     Each Company hereby agrees and confirms that, as of the date hereof, it
(a) intends to be a party to the Environmental Indemnity, the Guaranty and the
Pledge Agreement and undertakes to perform all the obligations expressed
therein, respectively, of an Indemnitor, a Guarantor and a Debtor (as defined in
the Environmental Indemnity, the Guaranty and the Pledge Agreement,
respectively), (b) agrees to be bound by all of the provisions of the
Environmental Indemnity, the Guaranty and the Pledge Agreement as if it had been
an original party to such agreements, (c) confirms that the representations and
warranties set forth in the Environmental Indemnity, the Guaranty and the Pledge
Agreement, respectively, with respect to the Company, a party thereto, are true
and correct in all material respects as of the date of this Accession Agreement
and (d) has received and reviewed copies of each of the Environmental Indemnity,
the Guaranty and the Pledge Agreement.

     For purposes of notices under the Environmental Indemnity, the Guaranty and
the Pledge Agreement the address for each Company shall be the same address as
the address of the Parent.

     The Guarantors (including each Company and all previously existing
Guarantors) join in and consent to the terms and provisions of the attached
Amendment and agree that the Security Agreement, the Environmental
Indemnification Agreement and the Guaranty and Contribution Agreement (the
“Guaranty”) to which each of the Guarantors is a party each dated July 31, 2002
remain in full force and effect, and further that the Guaranteed Obligations (as
defined in the Guaranty) include the additional obligations of the Borrower
under the attached Amendment.

     This Accession Agreement, Joinder, Consent and Ratification is dated as of
the date of the Amendment.

 

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              GUARANTORS:       INTERSTATE HOTELS & RESORTS, INC.
a Delaware corporation               By:            

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              BRIDGESTREET CORPORATE HOUSING WORLDWIDE, INC.
a Delaware corporation               By:            

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    Name:            

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    Title:            

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              MERISTAR MANAGEMENT (CANMORE) LTD.
a British Columbia (Canada) corporation               By:            

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    Name:            

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    Title:            

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              MERISTAR MANAGEMENT
(VANCOUVER-METRTOWN) LTD.
a British Columbia (Canada) corporation               By:            

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    Name:            

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    Title:            

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              BRIDGESTREET CANADA, INC.
an Ontario (Canada) corporation               By:            

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    Name:            

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    Title:            

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              BRIDGESTREET ACCOMMODATIONS, LTD.
Incorporated under the laws of England and Wales               By:            

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              BRIDGESTREET ACCOMMODATIONS
LONDON LIMITED
Incorporated under the laws of England and Wales               By:            

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    Name:            

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    Title:            

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              BRIDGESTREET WARDROBE PLACE LIMITED
Incorporated under the laws of England and Wales               By:            

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    Name:            

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    Title:            

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              LORYT(1) LIMITED
Incorporated under the laws of England and Wales               By:            

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    Name:            

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    Title:            

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              APALACHEE BAY SAS
Incorporated under the laws of France               By:            

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                      INTERSTATE MANAGEMENT COMPANY, L.L.C.
a Delaware limited liability company                       MERISTAR AGH COMPANY,
L.L.C.
a Delaware limited liability company                       CAPSTAR WINSTON
COMPANY, L.L.C.
a Delaware limited liability company                       CAPSTAR BK COMPANY,
L.L.C.
a Delaware limited liability company                       CAPSTAR KCII COMPANY,
L.L.C.
a Delaware limited liability company                       CAPSTAR WYANDOTTE
COMPANY, L.L.C.
a Delaware limited liability company                       CAPSTAR ST. LOUIS
COMPANY, L.L.C.
a Delaware limited liability company                       MERISTAR LAUNDRY,
L.L.C.
a Delaware limited liability company                       MERISTAR PRESTON
CENTER, L.L.C.
a Delaware limited liability company                       MERISTAR HGI COMPANY,
L.L.C.
a Delaware limited liability company                       MERISTAR STORRS
COMPANY, L.L.C.
a Delaware limited liability company                       MERISTAR VACATIONS,
L.L.C.
a Delaware limited liability company                       THE NETEFFECT
STRATEGIC ALLIANCE, LLC
a Delaware limited liability company                       MERISTAR FLAGSTONE,
LLC
a Delaware limited liability company                       By:   MeriStar H & R
Operating Company, L.P.
a Delaware limited partnership, its managing member                          
By:   Interstate Hotels & Resorts, Inc.
a Delaware corporation, its general partner                               By:  
                 

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            Name:                    

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            Title:                    

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                      BRIDGESTREET MARYLAND, LLC
a Delaware limited liability company                       BRIDGESTREET
MINNEAPOLIS, LLC
a Delaware limited liability company                       BRIDGESTREET MIDWEST,
LLC
a Delaware limited liability company                       BRIDGESTREET ARIZONA,
LLC
a Delaware limited liability company                       BRIDGESTREET NEVADA,
LLC
a Delaware limited liability company                       BRIDGESTREET
SOUTHWEST, LLC
a Delaware limited liability company                       BRIDGESTREET OHIO,
LLC
a Delaware limited liability company                       BRIDGESTREET
CALIFORNIA, LLC
a Delaware limited liability company                       BRIDGESTREET
COLORADO, LLC
a Delaware limited liability company                       BRIDGESTREET NORTH
CAROLINA, LLC
a Delaware limited liability company                       BRIDGESTREET RALEIGH,
LLC
a Delaware limited liability company                       By:   MeriStar H & R
Operating Company, L.P.
a Delaware limited partnership, their sole member                           By:
  Interstate Hotels & Resorts, Inc.
a Delaware corporation, its general partner                               By:  
                 

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            Name:                    

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            Title:                    

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                          BRIDGESTREET TEXAS, L.P.
a Delaware limited partnership                           By:   BridgeStreet
Nevada, LLC
a Delaware limited liability company, its partner                              
By:   MeriStar H & R Operating Company, L.P.
a Delaware limited partnership, its member                                   By:
  Interstate Hotels & Resorts, Inc.
a Delaware corporation, its
general partner                                       By:                      
 

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                Name:                        

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                Title:                        

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                          By:   BridgeStreet Arizona, LLC
a Delaware limited liability company, its partner                              
By:   MeriStar H & R Operating Company, L.P.
a Delaware limited partnership, its member                                   By:
  Interstate Hotels & Resorts, Inc.
a Delaware corporation, its
general partner                                       By:                      
 

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                Name:                        

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                Title:                        

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              INTERSTATE HOTELS COMPANY
a Delaware corporation               INTERSTATE INVESTMENT CORPORATION
a Delaware corporation               INTERSTATE PARTNER CORPORATION
a Delaware corporation               INTERSTATE PROPERTY CORPORATION
a Delaware corporation               INTERSTATE/KP HOLDING CORPORATION
a Delaware corporation               NORTHRIDGE HOLDINGS, INC. a Delaware
corporation               IHC HOLDINGS, INC. a Delaware corporation            
  INTERSTATE MEMBER INC. a Delaware corporation               CROSSROADS
HOSPITALITY MANAGEMENT COMPANY
a Delaware corporation               COLONY HOTELS AND RESORTS COMPANY
a Delaware corporation               By:            

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    Name:            

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    Title:            

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              NORTHRIDGE INSURANCE COMPANY
a corporation organized under the laws of the Cayman Islands               By:  
         

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    Name:            

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    Title:            

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                  INTERSTATE PROPERTY PARTNERSHIP, L.P.
a Delaware limited partnership                           By:   Interstate
Property Corporation
a Delaware corporation, its general partner                           By:      
             

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            Name:                    

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            Title:                    

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                          INTERSTATE/DALLAS GP, L.L.C.
a Delaware limited liability company                       By:   Interstate
Property Corporation
a Delaware corporation, its managing member                           By:      
             

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            Name:                    

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            Title:                    

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                          INTERSTATE KISSIMMEE PARTNER, L.P.
a Delaware limited partnership                       By:   Interstate/KP Holding
Corporation
a Delaware corporation, its general partner                           By:      
             

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            Name:                    

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            Title:                    

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                      INTERSTATE PITTSBURGH HOLDINGS, L.L.C.
a Delaware limited liability company                       INTERSTATE MANCHESTER
COMPANY, L.L.C.
a Delaware limited liability company       By:   Interstate Property
Partnership, L.P.
a Delaware limited liability company, their sole member                        
  By:   Interstate Property Corporation
a Delaware corporation, its general partner                               By:  
                 

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            Name:                    

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            Title:                    

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                      INTERSTATE HOUSTON PARTNER, L.P.
a Delaware limited partnership                       INTERSTATE/DALLAS
PARTNERSHIP, L.P.
a Delaware limited partnership                       By:   Interstate Property
Corporation
a Delaware corporation, their general partner                           By:    
               

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        Name:                    

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        Title:                    

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                      INTERSTATE HOTELS, LLC
a Delaware limited liability company                       By:   Northridge
Holdings, Inc.
a Delaware corporation, its managing member                           By:      
             

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        Name:                    

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        Title:                    

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                      CONTINENTAL DESIGN AND SUPPLIES COMPANY, L.L.C.
a Delaware limited liability company                       IHC MOSCOW SERVICES,
L.L.C.
a Delaware limited liability company                       PAH-HILLTOP GP, LLC
a Delaware limited liability company                       PAH-CAMBRIDGE
HOLDINGS, LLC
a Delaware limited liability company                       CROSSROADS
HOSPITALITY COMPANY, L.L.C.
a Delaware limited liability company                       IHC INTERNATIONAL
DEVELOPMENT (UK), L.L.C.
a Delaware limited liability company                       IHC SERVICES COMPANY,
L.L.C.
a Delaware limited liability company                       CROSSROADS
HOSPITALITY TENANT COMPANY, L.L.C.
a Delaware limited liability company                       By:   Interstate
Hotels, LLC
a Delaware limited liability company, their managing member
                          By:   Northridge Holdings, Inc.
a Delaware corporation, its managing member                               By:  
                 

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            Name:                    

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            Title:                    

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     [SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                          HILLTOP EQUIPMENT LEASING COMPANY, L.P
a Delaware limited partnership                           By:   PAH-Hilltop GP,
LLC
a Delaware limited liability company, its general partner                      
        By:   Interststate Hotels, LLC
a Delaware limited liability company, its sole member
                                  By:   Northridge Holdings, Inc.
a Delaware corporation, its managing member                                    
  By:                        

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                Name:                        

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                Title:                        

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     [SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

              IHC/MOSCOW CORPORATION
a Delaware corporation               By:            

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    Name:
Title:   Christopher L. Bennett
Senior Vice President and Secretary               FUTURE FINANCING MEMBER
CORPORATION
a Delaware corporation               By:            

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    Name:
Title:   Christopher L. Bennett
Senior Vice President and Secretary               CROSSROADS/MEMPHIS FINANCING
CORPORATION
a Delaware corporation               By:            

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    Name:
Title:   Christopher L. Bennett
Senior Vice President and Secretary               CROSSROADS/MEMPHIS FINANCING
II CORPORATION
a Delaware corporation               By:            

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    Name:
Title:   Christopher L. Bennett
Senior Vice President and Secretary

 

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                          CROSSROADS FUTURE COMPANY, L.L.C.
a Delaware limited liability company                           By:   Interstate
Member, Inc.
a Delaware corporation, its member                               By:            
           

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        Name:   Christopher L. Bennet         Title:   Senior Vice President and
Secretary                           By:   Crossroads Hospitality Company, LLC
a Delaware limited liability company, its member                              
By:   Interstate Member, Inc.
a Delaware corporation, its member                                   By:        
               

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            Name:
Title:   Christopher L. Bennett
Senior Vice President Secretary                               By:   Interstate
Hotels, LLC
a Delaware limited liability company, its managing member                      
            By:   Northridge Holdings, Inc.
a Delaware corporation, its managing member                                    
  By:                        

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                Name:   Christopher L. Bennett                 Title:   Senior
Vice President and Secretary

 

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     [SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                              CROSSROADS FUTURE FINANCING COMPANY, L.L.C.
a Delaware limited liability company                               By:  
Crossroads Future Company, LLC
a Delaware limited liability company, its sole member           By:   Interstate
Member, Inc.
a Delaware corporation, its member                                       By:    
                       

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            Name:   Christopher L. Bennett             Title:   Senior Vice
President and Secretary                                   By:   Crossroads
Hospitality Company, L.L.C.
a Delaware limited liability company, its member                                
      By:   Interstate Member, Inc.
a Delaware corporation, its member                                           By:
                           

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                Name:   Christopher L. Bennett
                Title:   Senior Vice President and Secretary                    
                  By:   Interstate Hotels, LLC
a Delaware limited liability company, its member                                
          By:   Northridge Holdings, Inc.
a Delaware corporation, its managing member                                    
            By:                            

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                    Name:   Christopher L. Bennett                     Title:  
Senior Vice President and Secretary

 

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                                  CROSSROADS/MEMPHIS COMPANY, L.L.C.
a Delaware limited liability company                                          
By:   Interstate Member, Inc.
a Delaware corporation, its member                                           By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary                                          
By:   Crossroads Hospitality Company, L.L.C.
a Delaware limited liability company, its member                                
          By:   Interstate Member, Inc.
a Delaware corporation, its member                                           By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary                                          
By:   Interstate Hotels, LLC
a Delaware limited liability company, its member                                
          By:   Northridge Holdings, Inc.
a Delaware corporation, its managing member                                    
              By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary    

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                                  CROSSROADS/MEMPHIS PARTNERSHIP, L.P.
a Delaware limited partnership                                           By:  
Crossroads/Memphis Company, L.L.C.
a Delaware limited liability company, its general partner                      
                    By:   Interstate Member, Inc.
a Delaware corporation, its member                                           By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary                                       By:  
Crossroads Hospitality Company, L.L.C.
a Delaware limited liability company, its member                                
              By:   Interstate Member, Inc.
a Delaware corporation, its member                                              
    By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary                                          
By:   Interstate Hotels, LLC
a Delaware limited liability company, its member                                
          By:   Northridge Holdings, Inc.
a Delaware corporation, its managing member                                    
              By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary    

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[SIGNATURE PAGE OF THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT]

                                  CROSSROADS/MEMPHIS FINANCING COMPANY, L.L.C.
a Delaware limited liability company                                  
CROSSROADS/MEMPHIS FINANCING COMPANY II, L.L.C.
a Delaware limited liability company                                       By:  
Crossroads/Memphis Partnership, L.P.
a Delaware limited partnership, their sole member                              
        By:   Crossroads/Memphis Company, L.L.C.
A Delaware limited liability company, its general partner                      
                    By:   Interstate Member, Inc.
a Delaware corporation, its member                                              
    By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary                                          
By:   Crossroads Hospitality Company, L.L.C.
a Delaware limited liability company, its member                                
          By:   Interstate Member, Inc.
a Delaware corporation, its member                                              
    By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary                                            
  By:   Interstate Hotels, LLC
a Delaware limited liability company, its member                                
                  By:   Northridge Holdings, Inc. a Delaware corporation, its
managing member                                                       By:
Name:
Title:   ____________________________
Christopher L. Bennett
Senior Vice President and Secretary