exv10w30w3



 





Exhibit 10.30.3




JOINDER AGREEMENT

(SUBSIDIARY GUARANTY)




Dated as of December 31, 2006




JPMorgan Chase Bank, N.A.,
 as
Administrative Agent

277 Park Avenue

New York, New York 10172

Attention: Donald Shokrian (Fax: 646-534-0574)




Ladies and Gentlemen:



          Reference is hereby made to (a) the Credit Agreement, dated as of December 12, 2005, as
amended by Amendment No. 1 dated as of January 12, 2006, Amendment No. 2 dated as of January 25,
2006, Amendment No. 3 dated as of March 31, 2006 and Amendment No. 4 dated as of October 26, 2006
(as amended and in effect from time to time, the “Credit Agreement”), by and among FELCOR LODGING
TRUST INCORPORATED and FELCOR LODGING LIMITED PARTNERSHIP (the “Borrowers”), the Lenders party
thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent for itself and the Lenders (the
“Administrative Agent”), (b) the Subsidiary Guaranty dated as of January 27, 2006 (the “Subsidiary
Guaranty”) from certain subsidiaries of the Borrowers to the Lenders and the Administrative Agent.
Terms not otherwise defined herein which are defined in the Credit Agreement shall have the
respective meanings given thereto in the Credit Agreement.




     1. Joinder to Subsidiary Guaranty.



          The Undersigned, FelCor/St. Paul Holdings, L.P., a Delaware limited partnership, (the
“Undersigned”) hereby joins the Subsidiary Guaranty as a Subsidiary Guarantor and agrees to comply
with and be bound by all of the terms, conditions and covenants of the Subsidiary Guaranty.
Without limiting the generality of the preceding sentence, the Undersigned agrees that it shall be
jointly and severally liable, together with the other Subsidiary Guarantors thereunder, for the
guaranty of the payment and performance of all obligations of the Borrowers under the Credit
Agreement as further set forth therein.




          From and after the Effective Date hereof (as hereinafter defined), all references in the Loan
Documents to the “Subsidiary Guarantors” shall for all purposes be deemed to include the
Undersigned.




     2. New Subsidiary Guarantor’s Representations and Warranties.



          The Undersigned represents and warrants to the Administrative Agent and the Lenders that:




 









 









	 	a.	 	it is capable of complying with and is in compliance with all of the provisions
of the Subsidiary Guaranty, the Credit Agreement and the other Loan Documents
applicable to it;
	 
	 	b.	 	each of the representations and warranties set forth in §3 of the Credit
Agreement made on its behalf by the Borrowers, except as set forth on Schedule 2(b)
attached hereto and each of the representations and warranties set forth in §7 of the
Subsidiary Guaranty is true and correct in all material respects with respect to the
Undersigned as of the date hereof (except to the extent that such representations and
warranties relate expressly to an earlier date);
	 
	 	c.	 	Schedule 2(c) attached hereto sets forth a true and accurate description of the
Subsidiary Guarantors and the revised Schedule 3.15 attached hereto sets forth
a true and accurate list of the properties and Unencumbered Assets.
	 
	 	d.	 	upon the execution of this Joinder Agreement, the Undersigned will be jointly
and severally liable, together with the other Subsidiary Guarantors, for the payment
and performance of all obligations of the Borrowers under the Credit Agreement as set
forth in the Subsidiary Guaranty.





     3. Delivery of Documents.



     The Undersigned hereby agrees that it shall comply with the requirements of §5.13 of the
Credit Agreement and shall deliver the items referenced therein to the Administrative Agent
concurrently with this Joinder Agreement (the date on which all such documents shall have been
delivered to the Administrative Agent being hereinafter referred to as the “Effective Date”), each
of which shall be in form and substance reasonably satisfactory to the Administrative Agent.
Notwithstanding anything to the contrary set forth herein, the parties agree that upon satisfaction
of all conditions, the joinder of the Undersigned shall be deemed effective as of the date of the
Subsidiary Guaranty.



[Remainder of Page Intentionally Left Blank]




 









 








          This Joinder Agreement shall be governed by and construed in accordance with the laws of the
State of New York.




	 	 	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 	 	 
	 	 	FELCOR/ST. PAUL HOLDINGS, L.P.
	 
	 	 	 	 	 	 
	 	 	By: FelCor/CSS Hotels, L.L.C., its general partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ JONATHAN H. YELLEN	 	 
	 

	 	Name:
	 	 

JONATHAN H. YELLEN
	 	 
	 

	 	Title:
	 	EXECUTIVE VICE PRESIDENT
GENERAL 

COUNSEL AND SECRETARY	 	 






Accepted and Agreed:




JPMORGAN CHASE BANK, N.A.,

as Administrative Agent




	 	 	 	 	 
	By:
	 	/s/ Donald S. Shokrian	 	 
	Name:

	 	 

Donald S. Shokrian

	 	 
	Title:
	 	Managing Director	 	 







 









 








SCHEDULE 2(b)




None.




 









 








SCHEDULE 2(c)




SUBSIDIARY GUARANTORS




“Subsidiary Guarantor” means each of:




	 	 	 
	 

	 	(i) FelCor/CSS Holdings, L.P., a Delaware limited partnership;
	 
	 	 
	 

	 	(ii) FelCor Hotel Asset Company, L.L.C., a Delaware limited liability company;
	 
	 	 
	 

	 	(iii) FelCor Pennsylvania Company, L.L.C., a Delaware limited liability company;
	 
	 	 
	 

	 	(iv) FelCor Lodging Holding Company, L.L.C., a Delaware limited liability company
	 
	 	 
	 

	 	(v) FHAC Texas Holdings, L.P., a Texas limited partnership;
	 
	 	 
	 

	 	(vi) FelCor Canada Co., a Nova Scotia unlimited liability company;
	 
	 	 
	 

	 	(vii) FelCor Omaha Hotel Company, L.L.C., a Delaware limited liability company;
	 
	 	 
	 

	 	(viii) FelCor TRS Holdings, L.P., a Delaware limited partnership;
	 
	 	 
	 

	 	(ix) Myrtle Beach Hotels, L.L.C., a Delaware limited liability company;
	 
	 	 
	 

	 	(x) FelCor TRS Borrower 1, L.P., a Delaware limited partnership;
	 
	 	 
	 

	 	(xi) FelCor TRS Guarantor, L.P., a Delaware limited partnership;
	 
	 	 
	 

	 	(xii) FelCor Lodging Company, L.L.C., a Delaware limited liability company;
	 
	 	 
	 

	 	(xiii) FelCor TRS Borrower 4, L.L.C., a Delaware limited liability company;
	 
	 	 
	 

	 	(xiv) FelCor/St. Paul Holdings, L.P., a Delaware limited partnership.







 









 








SCHEDULE 3.15




PROPERTIES AND UNENCUMBERED ASSETS




Hotel Portfolio Listing




(as of December 31, 2006)




	 	 	 	 	 	 	 	 	 
	Consolidated Continuing Operations	 	State	 	Rooms	 	%Owned(a)	 	Brand
	Birmingham(b)
	 	AL	 	242	 	 	 	Embassy Suites Hotel
	Phoenix – Biltmore(b)
	 	AZ	 	232	 	 	 	Embassy Suites Hotel
	Phoenix Crescent Hotel(b)
	 	AZ	 	342	 	 	 	Sheraton
	Phoenix Tempe(b)
	 	AZ	 	224	 	 	 	Embassy Suites Hotel
	Dana Point – Doheny Beach(c)
	 	CA	 	195	 	 	 	Doubletree Guest Suites
	Los Angeles – Anaheim (Located near
Disneyland Park)(b)
	 	CA	 	222	 	 	 	Embassy Suites Hotel
	Los Angeles – Covina/I-10(b)
	 	CA	 	202	 	50%	 	Embassy Suites Hotel
	Los Angeles – El Segundo – International Airport –
South(c)
	 	CA	 	349	 	97%	 	Embassy Suites Hotel
	Milpitas – Silicon Valley(b)
	 	CA	 	266	 	 	 	Embassy Suites Hotel
	Napa Valley(b)
	 	CA	 	205	 	 	 	Embassy Suites Hotel
	Oxnard – Mandalay Beach Resort & Conference Center(c)
	 	CA	 	248	 	 	 	Embassy Suites Hotel
	Palm Desert – Palm Desert Resort(c)
	 	CA	 	198	 	 	 	Embassy Suites Hotel
	San Diego – On the Bay(c)
	 	CA	 	600	 	 	 	Holiday Inn
	San Francisco – Burlingame Airport(c)
	 	CA	 	340	 	 	 	Embassy Suites Hotel
	San Francisco – South San Francisco Airport(b)
	 	CA	 	312	 	 	 	Embassy Suites Hotel
	San Francisco – Fisherman’s Wharf
	 	CA	 	585	 	 	 	Holiday Inn
	San Francisco – Union Square(c)
	 	CA	 	403	 	 	 	Crowne Plaza
	San Rafael – Marin County/Conference Center(b)
	 	CA	 	235	 	50%	 	Embassy Suites Hotel
	Santa Barbara – Goleta(c)
	 	CA	 	160	 	 	 	Holiday Inn
	Santa Monica – Beach at the Pier(c)
	 	CA	 	132	 	 	 	Holiday Inn
	Stamford(c)
	 	CT	 	380	 	 	 	Holiday Inn Select
	Wilmington(b)
	 	DE	 	244	 	90%	 	Doubletree
	Boca Raton(b)
	 	FL	 	263	 	 	 	Embassy Suites Hotel
	Cocoa Beach – Oceanfront(c)
	 	FL	 	500	 	 	 	Holiday Inn
	Deerfield Beach – Boca Raton/Deerfield Beach Resort(b)
	 	FL	 	244	 	 	 	Embassy Suites Hotel
	Ft. Lauderdale – 17th Street(b)
	 	FL	 	358	 	 	 	Embassy Suites Hotel
	Ft. Lauderdale – Cypress Creek(b)
	 	FL	 	253	 	 	 	Sheraton Suites
	Jacksonville – Baymeadows(b)
	 	FL	 	277	 	 	 	Embassy Suites Hotel
	Miami – International Airport(b)
	 	FL	 	316	 	 	 	Embassy Suites Hotel
	Orlando – International Airport(b)
	 	FL	 	288	 	 	 	Holiday Inn Select
	Orlando – International Drive – Resort(c)
	 	FL	 	651	 	 	 	Holiday Inn
	Orlando – International Drive South/Convention Center(b)
	 	FL	 	244	 	 	 	Embassy Suites Hotel
	Orlando– (North)(c)
	 	FL	 	277	 	 	 	Embassy Suites Hotel
	Orlando – Walt Disney World Resort(c)
	 	FL	 	229	 	 	 	Doubletree Guest Suites
	Tampa– On Tampa Bay(b)
	 	FL	 	203	 	 	 	Doubletree Guest Suites
	Atlanta – Airport(b)
	 	GA	 	232	 	 	 	Embassy Suites Hotel
	Atlanta – Buckhead(b)
	 	GA	 	317	 	 	 	Embassy Suites Hotel
	Atlanta – Galleria(b)
	 	GA	 	278	 	 	 	Sheraton Suites
	Atlanta – Gateway – Atlanta Airport(c)
	 	GA	 	395	 	 	 	Sheraton






 









 






	 	 	 	 	 	 	 	 	 
	Consolidated Continuing Operations	 	State	 	Rooms	 	%Owned(a)	 	Brand
	Atlanta – Perimeter Center(b)
	 	GA	 	241	 	50%	 	Embassy Suites Hotel
	Brunswick(c)
	 	GA	 	130	 	 	 	Embassy Suites Hotel
	Chicago – Lombard/Oak Brook(b)
	 	IL	 	262	 	50%	 	Embassy Suites Hotel
	Chicago – Northshore/Deerfield (Northbrook) (b)
	 	IL	 	237	 	 	 	Embassy Suites Hotel
	Chicago O’Hare Airport(b)
	 	IL	 	297	 	 	 	Sheraton Suites
	Indianapolis – North(b)
	 	IN	 	221	 	75%	 	Embassy Suites Hotel
	Kansas City – Overland Park(b)
	 	KS	 	199	 	50%	 	Embassy Suites Hotel
	Lexington(c)
	 	KY	 	155	 	 	 	Sheraton Suites
	Lexington – Lexington Green(b)
	 	KY	 	174	 	 	 	Hilton Suites
	Baton Rouge(b)
	 	LA	 	223	 	 	 	Embassy Suites Hotel
	New Orleans(b)
	 	LA	 	372	 	 	 	Embassy Suites Hotel
	New Orleans – French Quarter(c)
	 	LA	 	374	 	 	 	Holiday Inn
	Boston – Government Center(c)
	 	MA	 	303	 	 	 	Holiday Inn Select
	Boston – Marlborough(b)
	 	MA	 	229	 	 	 	Embassy Suites Hotel
	Baltimore – BWI Airport(b)
	 	MD	 	251	 	90%	 	Embassy Suites Hotel
	Troy – North (Auburn Hills) (b)
	 	MI	 	251	 	90%	 	Embassy Suites Hotel
	Bloomington(b)
	 	MN	 	219	 	 	 	Embassy Suites Hotel
	Minneapolis – Airport(b)
	 	MN	 	310	 	 	 	Embassy Suites Hotel
	St. Paul – Downtown(b)
	 	MN	 	210	 	 	 	Embassy Suites Hotel
	Kansas City – Plaza(b)
	 	MO	 	266	 	50%	 	Embassy Suites Hotel
	Charlotte(b)
	 	NC	 	274	 	50%	 	Embassy Suites Hotel
	Charlotte SouthPark(c)
	 	NC	 	208	 	 	 	Doubletree Guest Suites
	Raleigh(b)
	 	NC	 	203	 	 	 	Doubletree Guest Suites
	Raleigh – Crabtree(b)
	 	NC	 	225	 	50%	 	Embassy Suites Hotel
	Parsippany(b)
	 	NJ	 	274	 	50%	 	Embassy Suites Hotel
	Piscataway – Somerset(b)
	 	NJ	 	222	 	 	 	Embassy Suites Hotel
	Secaucus – Meadowlands(b)
	 	NJ	 	261	 	50%	 	Embassy Suites Hotel
	Tulsa – I-44(c)
	 	OK	 	244	 	 	 	Embassy Suites Hotel
	Philadelphia – Historic District(c)
	 	PA	 	364	 	 	 	Holiday Inn
	Philadelphia – Society Hill(b)
	 	PA	 	365	 	 	 	Sheraton
	Pittsburgh – At University Center (Oakland)(b)
	 	PA	 	251	 	 	 	Holiday Inn Select
	Charleston – Mills House (Historic Downtown)(b)
	 	SC	 	214	 	 	 	Holiday Inn
	Myrtle Beach – At Kingston Plantation(c)
	 	SC	 	255	 	 	 	Embassy Suites Hotel
	Myrtle Beach Resort(c)
	 	SC	 	385	 	 	 	Hilton
	Nashville – Airport/Opryland Area(c)
	 	TN	 	296	 	 	 	Embassy Suites Hotel
	Nashville – Opryland/Airport (Briley Parkway)(c)
	 	TN	 	382	 	 	 	Holiday Inn Select
	Austin(b)
	 	TX	 	189	 	90%	 	Doubletree Guest Suites
	Austin – North(b)
	 	TX	 	260	 	50%	 	Embassy Suites Hotel
	Corpus Christi(b)
	 	TX	 	150	 	 	 	Embassy Suites Hotel
	Dallas – DFW International Airport-South(b)
	 	TX	 	305	 	 	 	Embassy Suites Hotel
	Dallas – Love Field(b)
	 	TX	 	248	 	 	 	Embassy Suites Hotel
	Dallas – Market Center(c)
	 	TX	 	244	 	 	 	Embassy Suites Hotel
	Dallas – Park Central(c)
	 	TX	 	438	 	60%	 	Sheraton
	Dallas – Park Central(c)
	 	TX	 	536	 	60%	 	Westin
	Dallas – Park Central Area(c)
	 	TX	 	279	 	 	 	Embassy Suites Hotel
	Dallas – West End/Convention Center(c)
	 	TX	 	309	 	 	 	Hampton Inn
	Houston – Intercontinental Airport(c)
	 	TX	 	415	 	 	 	Holiday Inn
	Houston – Medical Center(c)
	 	TX	 	284	 	 	 	Holiday Inn & Suites
	San Antonio – International Airport(b)
	 	TX	 	261	 	50%	 	Embassy Suites Hotel
	San Antonio – International Airport(b)
	 	TX	 	397	 	 	 	Holiday Inn Select






 









 






	 	 	 	 	 	 	 	 	 
	Consolidated Continuing Operations	 	State	 	Rooms	 	%Owned(a)	 	Brand
	San Antonio – N.W. I-10(b)
	 	TX	 	216	 	50%	 	Embassy Suites Hotel
	Burlington Hotel & Conference Center(b)
	 	VT	 	309	 	 	 	Sheraton
	Vienna – At Tysons Corner(b)
	 	VA	 	437	 	50%	 	Sheraton
	 
	 	 	 	 	 	 	 	 
	Canada

	 	 	 	 	 	 	 	 
	Toronto – Airport(c)
	 	Ontario	 	445	 	 	 	Holiday Inn Select
	Toronto – Yorkdale(c)
	 	Ontario	 	370	 	 	 	Holiday Inn
	 
	 	 	 	 	 	 	 	 
	Unconsolidated Operations
	 	 	 	 	 	 	 	 
	Hays(b)
	 	KS	 	114	 	50%	 	Hampton Inn
	Hays(b)
	 	KS	 	191	 	50%	 	Holiday Inn
	Salina(b)
	 	KS	 	192	 	50%	 	Holiday Inn
	Salina – I-70(b)
	 	KS	 	93	 	50%	 	Holiday Inn Express & Suites
	New Orleans – Chateau LeMoyne (In French
Quarter/Historic Area)(b)
	 	LA	 	171	 	50%	 	Holiday Inn








 




			
	(a)	 	We own 100% of the real estate interests unless otherwise noted.
	 
	(b)	 	This hotel is encumbered by mortgage debt or capital lease obligation.
	 
	(c)	 	This hotel meets the definition of “Unencumbered Hotel.”










 









 











Schedule 3.15 (Cont.) — Ownership of Unencumbered Hotels

(as of December 31, 2006)




	 	 	 
	Hotel Owner	 	Hotel Name
	 
	 	 
	FelCor Lodging Limited Partnership

	 	Atlanta AP Gateway-SH
	 

	 	Charlotte SouthPark-DT
	 

	 	Dana Point-DTG
	 

	 	Kingston-ES
	 

	 	Nashville AP-ES
	 

	 	Orlando N-ES
	 
	 	 
	FelCor/CSS Holdings, L.P.

	 	SF Burlingame -ES
	 
	 	 
	FelCor/MM S-7 Holdings, L.P.

	 	Lexington Sheraton Suites
	 
	 	 
	FelCor Lodging Holding Company, L.L.C.

	 	Houston Med Ctr-HI
	 

	 	New Orleans Fr Qtr-HI
	 

	 	Santa Barbara-HI
	 
	 	 
	FelCor Hotel Asset Company, L.L.C.

	 	Boston Government-HIS
	 

	 	Cocoa Beach Ocean-HI
	 

	 	Nashville Opryland-HIS
	 

	 	San Diego on Bay-HI
	 

	 	Santa Monica
	 

	 	SF Union Square-CP
	 
	 	 
	FelCor Pennsylvania Company, L.L.C.

	 	Philadelphia Indepen-HI
	 
	 	 
	FHAC Texas Holding, L.P

	 	Dallas Downtown-HAM
	 
	 	 
	FelCor Canada Co.

	 	Toronto AP-HIS
	 

	 	Toronto Yorkdale-HI
	 
	 	 
	Myrtle Beach Hotels, L.L.C.

	 	Kingston-HIL
	 
	 	 
	FelCor TRS Borrower 4, L.L.C.

	 	Orlando WDW Village-DTG
	 

	 	Mandalay Beach-ES
	 

	 	Orlando I Drive-HI
	 

	 	Brunswick-ES
	 
	 	 
	Los Angeles International Airport
Hotel Association, L.P.

	 	LA LAX S-ES
	 
	 	 
	Park Central Joint Venture

	 	Dallas Park Ctrl-SH
	 

	 	Dallas Park Ctrl-WE
	 
	 	 
	FelCor TRS Guarantor, L.P.

	 	Stamford-HIS
	 
	 	 
	FelCor TRS Borrower 1, L.P.

	 	Tulsa-ES
	 

	 	Dallas Market Ctr-ES
	 

	 	Palm Desert-ES
	 
	 	 
	FelCor Lodging Company, L.L.C.

	 	Dallas Park Ctrl-ES
	 

	 	Houston AP-HI