EX-10.18



 Exhibit 10.18 

Berkadia Loan No. 01-0085683 & 01-0086643 

ASSUMPTION AND RELEASE AGREEMENT 

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 Sachs & Co., 200 West Street, New York, New York 10282, 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 950 New Borrower, LP New Borrower, DLGL 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, 405 Park Avenue, New York, New York 10022, U.S. 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, 323 Norristown Road, Suite 300, Ambler, Pennsylvania 19002
(“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 Sachs & Co., 200 West Street, New York, New York 10282,
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, 405 Park Avenue, New York, New York 10022. 

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 

  
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 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: 

  
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 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, Wells Fargo Bank, National Association (“Wells 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; 

  
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 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 “Musselman 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 Musselman Hotels Management, L.L.C. (“Musselman”), as manager, for the benefit of Lender (the “Musselman Management Agreement
Subordination” and together with the Musselman Operating Agreement Subordination, the “Musselman Subordination”); 

  
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 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 “Hilton-Hampton 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
(“Hilton-Hampton”), as manager, for the benefit of Lender (the “Hilton-Hampton Management Agreement Subordination” and together with the Hilton-Hampton Operating Agreement Subordination, the
“Hilton-Hampton 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 “McKibbon 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 McKibbon Hotel Management, Inc. (“McKibbon”), as manager, for the benefit of Lender (the
“McKibbon Management Agreement Subordination”) and together with the McKibbon Operating Agreement Subordination, the “McKibbon Subordination”; 

 

  
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 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, Musselman, Hilton-Hampton,
Hilton-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 Musselman Subordination,
the Hilton-Hampton Subordination, the Hilton-Homewood Subordination, the McKibbon 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 Wells 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 Wells Fargo (collectively, the
“Crestline Clearing Account Agreement”); 
 30. that certain Clearing Account Agreement executed by TRS Holdco, MISC
TRS, ARC Manager, Pillar, Lender and Wells Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Wells Fargo (collectively, the “Pillar Clearing Account
Agreement”); 
 31. that certain Clearing Account Agreement executed by TRS Holdco, MISC TRS, ARC Manager, Musselman, Lender and
Wells Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Wells Fargo (collectively, the “Musselman Clearing Account Agreement”); 

  
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 32. that certain Clearing Account Agreement executed by TRS Holdco, HIL TRS, NTC HIL TRS, ARC
Manager, Hilton-Hampton, Hilton-Homewood, Lender and Wells 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 Wells Fargo (collectively, the “Hilton Clearing Account Agreement”); 

33. that certain Clearing Account Agreement executed by TRS Holdco, MCK TRS, NTC TRS, ARC Manager, McKibbon, Lender and Wells Fargo together
with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MCK TRS, NTC TRS, LLC New Borrower, MBGL 1000 New Borrower, MBGL 950 New Borrower, LP New Borrower, Lender and Wells Fargo (collectively, the “MkKibbon
Clearing Account Agreement”); 
 34. that certain Clearing Account Agreement executed by TRS Holdco, MISC TRS, ARC Manager,
Innventures, Lender and Wells Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Wells 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 Wells Fargo together with that certain Addendum A to Clearing Account Agreement executed by TRS Holdco, MISC TRS, LLC New Borrower, Lender and Wells 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 Musselman Clearing Account Agreement, the Hilton Clearing Account Agreement,
the McKibbon 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, DEKS TRS, NTC TRS, NTC 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; 

  
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 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. 

  
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 (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, Gary
A. Routzahn. 
 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. 

  
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 (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 William G. Popeo, 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. 

  
 11 








 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. 

  
 12 








 (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; 

  
 13 








 (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; 

  
 14 








 (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. 

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

(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; 

  
 15 








 (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 

  
 16 








 (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. 

  
 17 








 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 

323 Norristown Road, Suite 300 

Ambler, PA 19002 
 Attention:
Client Relations Manager for 
 Loan Nos. 01-0085683 & 01-0086643 

Facsimile No.: (215) 328-3832 

If to New Borrower: 
 c/o
American Realty Capital 
 405 Park Avenue 

New York, New York 10022 

Facsimile No.: (212) 421-5799 

If to New Guarantor: 
 Whitehall
Street Global Real Estate Limited Partnership 2007 and Whitehall Parallel Global Real Estate Limited Partnership 2007 
 c/o Goldman
Sachs & Co. 
 200 West Street 

New York, New York 10282 

Attention: Chief Financial Officer 

Facsimile No.: (212) 357-5505 

And 

  
 18 








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

American Realty Capital Hospitality Trust, Inc. 

c/o American Realty Capital 

405 Park Avenue 
 New York, New
York 10022 
 Facsimile No.: (212) 421-5799 

with a copy to: 
 Goldman Sachs
Realty Management, L.P. 
 6011 Connection Drive 

Irving, Texas 7039 
 Attention:
Investment Management 
 Facsimile No.: (972) 368-3699 

with a copy to: 

Sullivan & Cromwell LLP 

125 Broad Street 
 New York, NY
10004 
 Attention: Anthony J. Colletta, Esq. 

Facsimile No. (212) 291-9029 

with a copy to: 
 Goodwin Procter
LLP 
 53 State Street 

Boston, MA 02109 
 Attn: Samuel
L. Richardson, Esq. 
 Facsimile No.: (617) 523-1231 

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


  
 19 








 
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. 

  
 20 








 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. 

  
 21 








 (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. 

  
 22 








 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. 


  
 23 









	(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, 111 Eighth Avenue, New York, New York 10011” and replacing it with “Corporation Service Company, 1180
Avenue of the Americas, Suite 210, New York, New York 10036-8401”. 


  
 24 









	(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


  
 25 








 
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] 

  
 26 








 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/ Greg Fay
			Name: 		Greg Fay
			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/ Greg Fay
			Name: 		Greg Fay
			Title:		Manager


 [Signatures continue on next page] 







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

		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	Title:		CEO and President
	
	ARC HOSPITALITY PORTFOLIO I BHGL OWNER, LLC, a Delaware limited liability company
		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	Title:		CEO and President
	
	ARC HOSPITALITY PORTFOLIO I PXGL OWNER, LLC, a Delaware limited liability company
		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	Title:		CEO and President


 [Signatures continue on next page] 







 
			
	ARC HOSPITALITY PORTFOLIO I GBGL OWNER, LLC, a Delaware limited liability company
		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	Title:		CEO and President
	
	ARC HOSPITALITY PORTFOLIO I NFGL OWNER, LLC, a Delaware limited liability company
		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	Title:		CEO and President
	
	ARC HOSPITALITY PORTFOLIO I MBGL 1000 OWNER, LLC, a Delaware limited liability company
		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	Title:		CEO and President
	
	ARC HOSPITALITY PORTFOLIO I MBGL 950 OWNER, LLC, a Delaware limited liability company
		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	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/ Jonathan Mehlman
			Name:		Jonathan Mehlman
			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/ Jonathan Mehlman
			Name:		Jonathan Mehlman
			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/ Jonathan Mehlman
			Name:		Jonathan Mehlman
			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/ Gary A. Routzahn
			Name:		Gary A. Routzahn
					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/ Peter Weidman
			Name: 		Peter Weidman
			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/ Peter Weidman
			Name: 		Peter Weidman
			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/ Jonathan Mehlman
			Name: 		Jonathan Mehlman
			Title:		CEO and President
	
	AMERICAN REALTY CAPITAL HOSPITALITY TRUST, INC., a Maryland corporation
		
	By:		/s/ Jonathan Mehlman
	Name:		Jonathan Mehlman
	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/ Peter Weidman
			Name:		Peter Weidman
			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/ Peter Weidman
			Name:		Peter Weidman
			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, One Buckstone Place, Asheville, NC 28805 

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, 166 North Finley Street, Athens, GA 30601 

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. 

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 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, 1010 Wilkinson Trace, Bowling Green, KY 42104 

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. 

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
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, 370 North IL Route 83, Elmhurst, Il 60126 

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. 

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
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. 







 5. Courtyard Gainesville, 3700 SW 42nd Street, Gainesville, FL 32608 

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. 

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
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, 14668 Duval Road, Jacksonville, FL 32218 

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. 

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
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. 







 7. Courtyard Knoxville Cedar Bluff, 216 Langley Place, Knoxville, TN 37922 

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 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, 1951 Pleasant Ridge, Lexington, KY 40509 

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. 

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
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. 
 9. Courtyard Louisville Downtown, 100 South Second Street, Louisville, KY40202 

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. 







 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 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. 
 10.
Courtyard Mobile, 1000 West I-65 Service Road, Mobile, AL 36609 
 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. 

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
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, 1750 Pembrook Drive, Orlando, FL 32810 

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. 







 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 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. 

12. Courtyard Sarasota Bradenton Airport, 850 University Parkway, Sarasota, FL 34234 

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. 

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
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. 
 13. Courtyard Tallahassee North/I-10 Capital Circle, 1972 Raymond Diehl Road, Tallahassee, FL 32308

 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. 







 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 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. 

14. Embassy Suites Orlando International Drive/Jamaican Court, 8250 Jamaican Court, Orlando, FL 32819 

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. 

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
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. 
 15. Fairfield Inn & Suites Atlanta Vinings, 2450 Paces Ferry Road, Atlanta , GA 30339 

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. 







 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 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. 

16. Hampton Inn & Suites Nashville/Franklin (Cool Springs), 7141 South Springs Drive, Franklin, TN 37067 

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 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. 
 17. Hampton Inn & Suites Boynton Beach, 1475 West Gateway Boulevard, Boynton Beach, FL 33426 

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. 







 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 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. 

18. Hampton Inn Albany – Wolf Road (Airport), 10 Ulenski Drive, Albany, NY 12005 

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. 

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
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. 
 19. Hampton Inn Baltimore/Glen Burnie, 6617 Ritchie Highway, Glen Burnie, MD 21061 

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. 

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 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 Beckley, 110 Harper Park Drive, Beckley, WV 25801 

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 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, 2731 US Highway 280, Birmingham, AL 35223 

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. 

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 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, 1455 Yamato Road, Boca Raton, FL 33431 

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. 

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
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. 
 23. Hampton Inn Boston/Peabody, 59 Newbury Street Route 1 North, Peabody, MA 01960 

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. 

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
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. 







 24. Hampton Inn Charleston – Airport/Coliseum, 4701 Saul White Boulevard North, Charleston, SC 29418

 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. 

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
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, 7013 Shallowford Road, Chattanooga, TN 37421 

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 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. 







 26. Hampton Inn Chicago/Gurnee, 5550 Grand Avenue, Gurnee, IL 60031 

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. 

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
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. 
 27. Hampton Inn Cleveland/Westlake, 29690 Detroit Road, Westlake, OH 44145 

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. 

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
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, 7245 Commerce Center Drive, Colorado
Springs, CO 80919 
 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. 

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, 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, 1094 Chris Drive, West Columbia, SC 29169 

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. 

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
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. 
 30. Hampton Inn Columbus – Airport, 5585 Whitesville Road, Columbus, GA 31904 

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. 







 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 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. 

31. Hampton Inn Columbus/Dublin, 3920 Tuller Road, Dublin, OH 43017 

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. 

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
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. 
 32. Hampton Inn Deerfield Beach, 660 West Hillsboro Boulevard, Deerfield Beach, FL 33441 

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. 







 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 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. 

33. Hampton Inn Detroit/Madison Heights/South Troy, 32420 Stephenson Highway, Madison Heights, MI 48071 

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, 20600 Haggerty Road, Northville, MI 48167 

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. 
 35. Hampton Inn Fayetteville I-95, 1922 Cedar Creek Road, Fayetteville, NC 28312 

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. 
 36. Hampton Inn Charlotte/Gastonia, 1859 Remount Road, Gastonia, NC 28054 

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. 

37. Hampton Inn Grand Rapids – North, 500 Center Drive, Grand Rapids, MI 49544 

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. 
 38. Hampton Inn Kansas City/Overland Park, 10591 Metcalf Frontage Road, Overland Park, KS 66212 

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. 

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 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. 

39. Hampton Inn Kansas City – Airport, 11212 North Newark Circle, Kansas City, MO 64153 

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. 

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
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, 5320 Poplar Avenue, Memphis, TN 38119 

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 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. 

41. Hampton Inn Morgantown, 1053 Van Voorhis Road, Morgantown, WV 26505 

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 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, 8501 Hampton Boulevard, Norfolk, VA 23505 

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. 

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
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 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, 4001 RCA Boulevard, Palm Beach Gardens, FL 33410 
 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. 

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
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. 
 44. Hampton Inn Pickwick Dam at Shiloh Falls, 90 Old South Road, Counce, TN 38326 

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 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. 







 45. Hampton Inn Scranton at Montage Mountain, 22 Montage Mountain Road, Scranton, PA 18507 

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. 

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
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, 2454 Old Dorsett Road, Maryland Heights, MO 63043 

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. 

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
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. 







 47. Hampton Inn State College, 1101 East College Avenue, State College, PA 16801 

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. 

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
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. 
 48. Hampton Inn West Palm Beach Florida Turnpike, 2025 Vista Parkway, West Palm Beach, FL 33411 

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. 

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
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. 







 49. Holiday Inn Charleston Mt. Pleasant, 250 Johnny Dodds Boulevard, Mount Pleasant, SC 29464 

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. 

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
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. 
 50. Holiday Inn Express and Suites: Kendall East-Miami, 11520 SW 88th Street, Miami, FL 33176 

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. 

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
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. 







 51. Homewood Suites by Hilton Boston – Peabody, 57 Newbury Street, Boston, MA 01960 

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. 

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
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. 
 52. Homewood Suites by Hilton Chicago – Downtown, 40 East Grand Avenue, Chicago, IL 60611 

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. 

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
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. 
 53. Homewood Suites by Hilton Hartford/Windsor Locks, 65 Ella Grasso Turnpike, Windsor Locks, CT 06096 

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. 







 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 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, 7855 Wolf River Boulevard, Germantown, TN 38138 

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 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. 
 55. Homewood Suites by Hilton Phoenix – Biltmore, 2001 East Highland Avenue, Phoenix, AZ 85016 

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. 







 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 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, 6901 Arvada North East, Albuquerque, NM 87110 

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. 

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, 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, 940 International Drive, Linthicum Heights, MD 21090 

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 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, 6080 Bluebonnet Boulevard, Baton Rouge, LA 70809 

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. 

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
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/Hoover, 2980 John Hawkins Parkway, Birmingham, AL 35244 

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. 

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 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. 

60. Hyatt Place Cincinnati Blue Ash, 11435 Reed Hartman Highway, Blue Ash, OH 45241 

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. 

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
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. 
 61. Hyatt Place Columbus/Worthington, 7490 Vantage Drive, Columbus, OH 43235 

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. 

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
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. 







 62. Hyatt Place Indianapolis/Keystone, 9104 Keystone Crossing, Indianapolis, IN 46240 

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. 

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
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. 
 63. Hyatt Place Kansas City/Overland Park/Metcalf, 6801 West 112th Street, Overland Park, KS 66211 

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. 

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
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. 







 64. Hyatt Place Las Vegas, 4520 Paradise Road, Las Vegas, NV 89109 

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 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, 7905 Giacosa Place, Memphis, TN 38133 

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 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. 







 66. Hyatt Place Miami Airport—West/Doral, 3655 NW 82nd Avenue, Miami, FL 33166 

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. 

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
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. 
 67. Hyatt Place Minneapolis Airport-South, 7800 International Drive, Bloomington, MN 55425 

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. 

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
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. 
 68. Hyatt Place Nashville/Franklin/Cool Springs, 650 Bakers Bridge Avenue, Franklin, TN 37067 

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 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. 

69. Hyatt Place Richmond/Innsbrook, 4100 Cox Road, Glen Allen, VA 23060 

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 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, 4811 West Main Street, Tampa Airport/Westshore, FL 33607 

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. 







 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 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. 

71. Residence Inn Tampa North/I-75 Fletcher, 13420 North Telecom Parkway, Tampa, FL 33637 

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. 

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
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. 
 72. Residence Inn Boise Downtown, 1401 Lusk Avenue, Boise, ID 83706 

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 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, 215 Chestnut Street, Chattanooga, TN 37402 

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. 

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
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 Myers, 2960 Colonial Boulevard, Fort Myers, FL 33912 

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. 

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 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. 

75. Residence Inn Knoxville Cedar Bluff, 215 Langley Place at North Peters Road, Knoxville, TN 37922 

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 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. 
 76. Residence Inn Lexington South/Hamburg Place, 2688 Pink Pigeon Parkway, Lexington, KY 40509 

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. 

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 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. 

77. Residence Inn Los Angeles LAX/El Segundo, 2135 East El Segundo Boulevard, El Segundo, CA 90245 

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. 
 78. Residence Inn Macon, 3900 Sheraton Drive, Macon, GA 31210 

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. 

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 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. 

79. Residence Inn Mobile, 950 West I-65 Service Road S., Mobile , AL 36609 

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. 

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
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/Lloyd Center, 1710 NE Multnomah Street, Portland, OR 97232 

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. 

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
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 Bernardo, 12011 Scripps Highlands Drive, San Diego, CA 92131 

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. 
 82. Residence Inn Sarasota Bradenton, 1040 University Parkway, Sarasota, FL 34234 

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. 

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
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. 







 83. Residence Inn Savannah Midtown, 5710 White Bluff Road, Savannah, GA 31405 

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. 

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 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. 
 84. Residence Inn Tallahassee North/I-10 Capital Circle, 1880 Raymond Diehl Road, Tallahassee, FL 32308 

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. 

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
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. 







 85. Residence Inn Tampa Sabal Park/Brandon, 9719 Princess Palm Avenue, Tampa, FL 33619 

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. 

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
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. 
 86. SpringHill Suites Grand Rapids North, 450 Center Drive, Grand Rapids, MI 49544 

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. 







 87. SpringHill Suites Lexington Near the University of Kentucky, 863 S. Broadway, Lexington, KY 40504 

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. 

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
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. 
 88. SpringHill Suites San Diego Rancho Bernardo, 12032 Scripps Highlands Drive, San Diego, CA 92131 

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. 







 89. Courtyard Dallas Medical/Market Center, 2150 Market Center Blvd., Dallas, TX 75207 

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, 2110 Market Center Boulevard at Stemmons, Dallas, TX 75207 

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. 

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 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, 4505 Beltway Drive, Addison, TX 75001 

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. 







 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 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, 2310 North IH35, Round Rock, TX 78681 

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. 

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 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, 4323 Spectrum One, San Antonio, TX 78230 

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. 







 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 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, 2960 Hoppe Trail, Round Rock, TX 78681 

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. 

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 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, 7922 Mosley Road, Houston, TX 77061 

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. 

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 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, 3636 NW Loop 410, San Antonio, TX 78201 


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 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/Hoover	  	2980 John Hawkins Parkway	  	Birmingham, AL 35244
						
	 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	  	8250 Jamaican Court	  	Orlando, FL 32819
						
	 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	  	3655 NW 82nd Avenue	  	Miami, FL 33166
						
	 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	  	4811 West Main Street	  	Tampa Airport/Westshore, FL 33607
						
	 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	  	2450 Paces Ferry Road	  	Atlanta , GA 30339
						
	 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	  	40 East Grand Avenue	  	Chicago, IL 60611
						
	 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	  	9104 Keystone Crossing	  	Indianapolis, IN 46240
						
	 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	  	6080 Bluebonnet Boulevard	  	Baton Rouge, LA 70809
						
	 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	  	940 International Drive	  	Linthicum Heights, MD 21090
						
	 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	  	6901 Arvada North East	  	Albuquerque, NM 87110
						
	 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	  	11435 Reed Hartman Highway	  	Blue Ash, OH 45241
						
	 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	  	7490 Vantage Drive	  	Columbus, OH 43235
						
	 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	  	7905 Giacosa Place	  	Memphis, TN 38133
						
	 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	  	650 Bakers Bridge Avenue	  	Franklin, TN 37067









											
	 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	  	4100 Cox Road	  	Glen Allen, VA 23060
						
	 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	  	1951 Pleasant Ridge	  	Lexington, KY 40509
						
	 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	  	100 South Second Street	  	Louisville, KY40202
						
	 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	  	2688 Pink Pigeon Parkway	  	Lexington, KY 40509
						
	 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	  	863 S. Broadway	  	Lexington, KY 40504
						
	 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	  	2731 US Highway 280	  	Birmingham, AL 35223
						
	 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	  	2001 East Highland Avenue	  	Phoenix, AZ 85016
						
	 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	  	7245 Commerce Center Drive	  	Colorado Springs, CO 80919
						
	 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	  	65 Ella Grasso Turnpike	  	Windsor Locks, CT 06096
						
	 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	  	1475 West Gateway Boulevard	  	Boynton Beach, FL 33426
						
	 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	  	1455 Yamato Road	  	Boca Raton, FL 33431
						
	 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	  	660 West Hillsboro Boulevard	  	Deerfield Beach, FL 33441
						
	 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	  	4001 RCA Boulevard	  	Palm Beach Gardens, FL 33410
						
	 028
	  	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 West Palm Beach Florida Turnpike	  	2025 Vista Parkway	  	West Palm Beach, FL 33411









											
	 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	  	5550 Grand Avenue	  	Gurnee, IL 60031
						
	 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	  	10591 Metcalf Frontage Road	  	Overland Park, KS 66212
						
	 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/Glen Burnie	  	6617 Ritchie Highway	  	Glen Burnie, MD 21061
						
	 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 Troy	  	32420 Stephenson Highway	  	Madison Heights, MI 48071
						
	 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	  	20600 Haggerty Road	  	Northville, MI 48167
						
	 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	  	2454 Old Dorsett Road	  	Maryland Heights, MO 63043
						
	 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)	  	10 Ulenski Drive	  	Albany, NY 12005
						
	 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	  	29690 Detroit Road	  	Westlake, OH 44145
						
	 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	  	3920 Tuller Road	  	Dublin, OH 43017
						
	 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	  	22 Montage Mountain Road	  	Scranton, PA 18507
						
	 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	  	11212 North Newark Circle	  	Kansas City, MO 64153
						
	 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	  	1101 East College Avenue	  	State College, PA 16801
						
	 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	  	4701 Saul White Boulevard North	  	Charleston, SC 29418
						
	 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	  	1094 Chris Drive	  	West Columbia, SC 29169









											
	 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	  	5320 Poplar Avenue	  	Memphis, TN 38119
						
	 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	  	90 Old South Road	  	Counce, TN 38326
						
	 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	  	8501 Hampton Boulevard	  	Norfolk, VA 23505
						
	 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 Beckley	  	110 Harper Park Drive	  	Beckley, WV 25801
						
	 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	  	1053 Van Voorhis Road	  	Morgantown, WV 26505
						
	 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	  	1000 West I-65 Service Road	  	Mobile, AL 36609
						
	 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	  	950 West I-65 Service Road S.	  	Mobile , AL 36609
						
	 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	  	3700 SW 42nd Street	  	Gainesville, FL 32608
						
	 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	  	1750 Pembrook Drive	  	Orlando, FL 32810
						
	 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	  	850 University Parkway	  	Sarasota, FL 34234
						
	 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	  	1972 Raymond Diehl Road	  	Tallahassee, FL 32308
						
	 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: Kendall East-Miami	  	11520 SW 88th Street	  	Miami, FL 33176
						
	 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 Myers	  	2960 Colonial Boulevard	  	Fort Myers, FL 33912
						
	 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	  	1040 University Parkway	  	Sarasota, FL 34234









											
	 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	  	Residence Inn Tallahassee North/I-10 Capital Circle	  	1880 Raymond Diehl Road	  	Tallahassee, FL 32308
						
	 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/Brandon	  	9719 Princess Palm Avenue	  	Tampa, FL 33619
						
	 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 Fletcher	  	13420 North Telecom Parkway	  	Tampa, FL 33637
						
	 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	  	166 North Finley Street	  	Athens, GA 30601
						
	 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	  	3900 Sheraton Drive	  	Macon, GA 31210
						
	 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	  	5710 White Bluff Road	  	Savannah, GA 31405
						
	 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	  	216 Langley Place	  	Knoxville, TN 37922
						
	 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	  	215 Chestnut Street	  	Chattanooga, TN 37402
						
	 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	  	215 Langley Place at North Peters Road	  	Knoxville, TN 37922
						
	 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	  	14668 Duval Road	  	Jacksonville, FL 32218
						
	 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	  	1401 Lusk Avenue	  	Boise, ID 83706
						
	 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	  	370 North IL Route 83	  	Elmhurst, Il 60126
						
	 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	  	1010 Wilkinson Trace	  	Bowling Green, KY 42104
						
	 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	  	59 Newbury Street Route 1 North	  	Peabody, MA 01960









											
	 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	  	57 Newbury Street	  	Boston, MA 01960
						
	 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	  	500 Center Drive	  	Grand Rapids, MI 49544
						
	 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	  	450 Center Drive	  	Grand Rapids, MI 49544
						
	 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	  	7800 International Drive	  	Bloomington, MN 55425
						
	 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	  	4520 Paradise Road	  	Las Vegas, NV 89109
						
	 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/Lloyd Center	  	1710 NE Multnomah Street	  	Portland, OR 97232
						
	 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	  	250 Johnny Dodds Boulevard	  	Mount Pleasant, SC 29464
						
	 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)	  	7141 South Springs Drive	  	Franklin, TN 37067
						
	 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	  	2135 East El Segundo Boulevard	  	El Segundo, CA 90245
						
	 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 Bernardo/Scripps Poway	  	12011 Scripps Highlands Drive	  	San Diego, CA 92131
						
	 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 Bernardo/Scripps Poway	  	12032 Scripps Highlands Drive	  	San Diego, CA 92131
						
	 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	  	2110 Market Center Boulevard at Stemmons	  	Dallas, TX 75207
						
	 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	  	2960 Hoppe Trail	  	Round Rock, TX 78681
						
	 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	  	3636 NW Loop 410	  	San Antonio, TX 78201









											
	 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	  	One Buckstone Place	  	Asheville, NC 28805
						
	 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	  	1859 Remount Road	  	Gastonia, NC 28054
						
	 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	  	4505 Beltway Drive	  	Addison, TX 75001
						
	 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 One	  	San Antonio, TX 78230
						
	 089
	  	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 Fayetteville I-95 10/25/2007	  	1922 Cedar Creek Road	  	Fayetteville, NC 28312
						
	 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/Metcalf	  	6801 West 112th Street	  	Overland Park, KS 66211
						
	 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	  	2150 Market Center Blvd.	  	Dallas, TX 75207
						
	 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	  	2310 North IH35	  	Round Rock, TX 78681
						
	 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	  	7922 Mosley Road	  	Houston, TX 77061
						
	 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	  	5585 Whitesville Road 7013 Shallowford Road 7855 Wolf River Boulevard	  	Columbus, GA 31904 Chattanooga, TN 37421 Germantown, TN 38138








 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	  	McKibbon 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	  	McKibbon 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	  	McKibbon 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	  	McKibbon Hotel Management, Inc.









							
	 HOTEL NAME
	  	 AGREEMENT TYPE
	  	 SIGNATORY 1
	  	 SIGNATORY 2

	 Courtyard 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
				
	 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	  	Musselman 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	  	McKibbon 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	  	McKibbon 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	  	McKibbon 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	  	McKibbon 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 2

	 Hampton Inn & Suites Boynton 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
				
	 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, LP
				
	 Hampton 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/Glen 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, LP
				
	 Hampton 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 Troy
	  	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, LP
				
	 Hampton 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
				
	 Hampton Inn West Palm Beach Florida 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 [27th 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 31st 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	  	www.homewoodsuiteschicago.com	  	4/10/2016	  	 	4/10/2016	  	  	First Hospitality
	 ARC Hospitality Portfolio I Owner, LLC
	  	Embassy Suites Orlando	  	www.orlandoembassysuites.com	  		  	 	9/30/2016	  	  	Hilton
	 ARC Hospitality Portfolio I Owner, LLC
	  	Hampton Inn Charleston	  	www.hamptoninncharlestonairport.com	  		  	 	4/19/2015	  	  	Hilton
	 ARC Hospitality Portfolio I NTC Owner, LP
	  	Residence Inn San Diego	  	www.residenceinnhotelsandiego.com	  	Month-to-Month	  	 	2/10/2015	  	  	Huntington
	 ARC Hospitality Portfolio I NTC Owner, LP
	  	SpringHill Suites San Diego	  	www.springhillsandiegohotel.com	  	Month-to-Month	  	 	2/10/2015	  	  	Huntington
	 ARC Hospitality Portfolio I NTC Owner, LP
	  	Fairfield Inn & Suites Dallas	  	www.fairfieldinndallashotel.com	  	Month-to-Month	  	 	1/4/2015	  	  	Huntington
	 ARC Hospitality Portfolio I DLGL Owner, LP
	  	Courtyard Dallas	  	www.courtyarddallashotel.com	  	Month-to-Month	  	 	1/4/2015	  	  	Huntington
	 ARC Hospitality Portfolio I Owner, LLC
	  	Holiday Inn Charleston Mt. Pleasant	  	www.himtpleasant.com	  	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	  	NC	  	One Buckstone Place	  	Asheville, NC 28805	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Owner	  	Owner or manager	  		  	Consolidation is required	  	10
											
	Courtyard Athens Downtown	  	GA	  	166 North Finley Street	  	Athens, GA 30601	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Manager	  	Manager	  		  	82
											
	Courtyard Bowling Green Convention Center	  	KY	  	1010 Wilkinson Trace	  	Bowling Green, KY 42104	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  		  		  		  	25
											
	Courtyard Chicago Elmhurst/Oakbrook Area	  	IL	  	370 North IL Route 83	  	Elmhurst, Il 60126	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	First Hospitality Group, Inc.	  	Owner	  	Owner or manager	  		  		  	90
											
	Courtyard Dallas Medical/Market Center	  	TX	  	2150 Market Center Blvd.	  	Dallas, TX 75207	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  		  		  	Consolidation is required	  	4
											
	Courtyard Gainesville	  	FL	  	3700 SW 42nd Street	  	Gainesville, FL 32608	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Owner or joint	  		  		  	72
											
	Courtyard Jacksonville Airport Northeast	  	FL	  	14668 Duval Road	  	Jacksonville, FL 32218	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Pillar Hotels and Resorts, L.P.	  	Manager	  	Owner or joint	  		  		  	88
											
	Courtyard Knoxville Cedar Bluff	  	TN	  	216 Langley Place	  	Knoxville, TN 37922	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Owner or manager	  		  		  	85
											
	Courtyard Lexington South/Hamburg Place	  	KY	  	1951 Pleasant Ridge	  	Lexington, KY 40509	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Musselman Hotels Management, L.L.C.	  	Owner	  		  		  		  	91
											
	Courtyard Louisville Downtown	  	KY	  	100 South Second Street	  	Louisville, KY40202	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Musselman Hotels Management, L.L.C.	  	Owner	  		  		  		  	92
											
	Courtyard Mobile	  	AL	  	1000 West I-65 Service Road	  	Mobile, AL 36609	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Owner	  	Owner	  		  	Consolidation with others required if they are under owner	  	70
											
	Courtyard Orlando Altamonte Springs/Maitland	  	FL	  	1750 Pembrook Drive	  	Orlando, FL 32810	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Owner	  	Owner or joint	  		  		  	73
											
	Courtyard Sarasota Bradenton Airport	  	FL	  	850 University Parkway	  	Sarasota, FL 34234	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Owner or joint	  		  		  	74
											
	Courtyard Tallahassee North/I-10 Capital Circle	  	FL	  	1972 Raymond Diehl Road	  	Tallahassee, FL 32308	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Owner or joint	  		  		  	75
											
	Embassy Suites Orlando International Drive/Jamaican Court	  	FL	  	8250 Jamaican Court	  	Orlando, FL 32819	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or joint	  		  		  	19
											
	Fairfield Inn & Suites Atlanta Vinings	  	GA	  	2450 Paces Ferry Road	  	Atlanta , GA 30339	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	N/A	  	N/A	  	N/A	  		  	22
											
	Fairfield Inn & Suites Dallas Medical/Market Center	  	TX	  	2110 Market Center Boulevard at Stemmons	  	Dallas, TX 75207	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	5
											
	Hampton Inn & Suites Boynton Beach	  	FL	  	1475 West Gateway Boulevard	  	Boynton Beach, FL 33426	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	42
											
	Hampton Inn & Suites Nashville/Franklin (Cool Springs)	  	TN	  	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)	  	NY	  	10 Ulenski Drive	  	Albany, NY 12005	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	55
											
	Hampton Inn Colorado Springs Air Force Academy	  	CO	  	7245 Commerce Center Drive	  	Colorado Springs, CO 80919	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Pillar	  	40
											
	Hampton Inn Baltimore/Glen Burnie    	  	MD	  	6617 Ritchie Highway	  	Glen Burnie, MD 21061	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	50









																					
	 HOTEL NAME
	  	 STATE
	  	 ADDRESS
	  	 CITY/
STATE/ZIP
	  	 OPERATOR
	  	 MANAGER
	  	 CURRENT
LIQUOR
LICENSE
HOLDER
	  	 WHO
SHOULD
HOLD
LL
	  	 NEW
LIQUOR
LICENSE
HOLDER
	  	  
	  	  

	Hampton Inn Beckley	  	WV	  	110 Harper Park Drive	  	Beckley, WV 25801	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	68
											
	Hampton Inn Birmingham/Mountain Brook	  	AL	  	2731 US Highway 280	  	Birmingham, AL 35223	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation with others required if they are under owner	  	38
											
	Hampton Inn Boca Raton	  	FL	  	1455 Yamato Road	  	Boca Raton, FL 33431	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	43
											
	Hampton Inn Boca Raton – Deerfield Beach	  	FL	  	660 West Hillsboro Boulevard	  	Deerfield Beach, FL 33441	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	44
											
	Hampton Inn Boston/Peabody	  	MA	  	59 Newbury Street Route 1 North	  	Peabody, MA 01960	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Pillar Hotels and Resorts, L.P.	  	N/A	  	N/A	  	N/A	  		  	95
											
	Hampton Inn Charleston-Airport/Coliseum	  	SC	  	4701 Saul White Boulevard North	  	Charleston, SC 29418	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	61
											
	Hampton Inn Charlotte/Gastonia	  	NC	  	1859 Remount Road	  	Gastonia, NC 28054	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	11
											
	Hampton Inn Chattanooga-Airport/I-75	  	TN	  	7013 Shallowford Road	  	Chattanooga, TN 37421	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	63
											
	Hampton Inn Chicago/Gurnee	  	IL	  	5550 Grand Avenue	  	Gurnee, IL 60031	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	48
											
	Hampton Inn Cleveland/Westlake	  	OH	  	29690 Detroit Road	  	Westlake, OH 44145	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	56
											
	Hampton Inn Columbia—I-26 Airport	  	SC	  	1094 Chris Drive	  	West Columbia, SC 29169	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	62
											
	Hampton Inn Columbus/Dublin	  	OH	  	3920 Tuller Road	  	Dublin, OH 43017	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	57
											
	Hampton Inn Columbus-Airport	  	GA	  	5585 Whitesville Road	  	Columbus, GA 31904	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	47
											
	Hampton Inn Dallas -Addison	  	TX	  	4505 Beltway Drive	  	Addison, TX 75001	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	13
											
	Hampton Inn Detroit/Madison Heights/South Troy	  	MI	  	32420 Stephenson Highway	  	Madison Heights, MI 48071	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	51
											
	Hampton Inn Detroit/Northville	  	MI	  	20600 Haggerty Road	  	Northville, MI 48167	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	52
											
	Hampton Inn Fayetteville I-95 10/25/2007	  	NC	  	1922 Cedar Creek Road	  	Fayetteville, NC 28312	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	12
											
	Hampton Inn Grand Rapids-North	  	MI	  	500 Center Drive	  	Grand Rapids, MI 49544	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Pillar Hotels and Resorts, L.P.	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	97
											
	Hampton Inn Kansas City/Overland Park	  	KS	  	10591 Metcalf Frontage Road	  	Overland Park, KS 66212	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	49
											
	Hampton Inn Kansas City-Airport	  	MO	  	11212 North Newark Circle	  	Kansas City, MO 64153	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	53
											
	Hampton Inn Memphis-Poplar	  	TN	  	5320 Poplar Avenue	  	Memphis, TN 38119	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	64
											
	Hampton Inn Morgantown    	  	WV	  	1053 Van Voorhis Road	  	Morgantown, WV 26505	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	69









																					
	 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	  	VA	  	8501 Hampton Boulevard	  	Norfolk, VA 23505	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	67
											
	Hampton Inn Palm Beach Gardens	  	FL	  	4001 RCA Boulevard	  	Palm Beach Gardens, FL 33410	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	45
											
	Hampton Inn Pickwick Dam—at Shiloh Falls	  	TN	  	90 Old South Road	  	Counce, TN 38326	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	65
											
	Hampton Inn Scranton at Montage Mountain	  	PA	  	22 Montage Mountain Road	  	Scranton, PA 18507	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	59
											
	Hampton Inn St. Louis/Westport	  	MO	  	2454 Old Dorsett Road	  	Maryland Heights, MO 63043	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	54
											
	Hampton Inn State College	  	PA	  	1101 East College Avenue	  	State College, PA 16801	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	60
											
	Hampton Inn West Palm Beach Florida Turnpike	  	FL	  	2025 Vista Parkway	  	West Palm Beach, FL 33411	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Hampton Inns Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	46
											
	Hilton Garden Inn Austin/Round Rock	  	TX	  	2310 North IH35	  	Round Rock, TX 78681	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  		  		  	Consolidation is required	  	6
											
	Holiday Inn Charleston Mt. Pleasant	  	SC	  	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	  	FL	  	11520 SW 88th Street	  	Miami, FL 33176	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	N/A	  	N/A	  	N/A	  		  	76
											
	Homewood Suites by Hilton Boston-Peabody	  	MA	  	57 Newbury Street	  	Boston, MA 01960	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Pillar Hotels and Resorts, L.P.	  	N/A	  	N/A	  	N/A	  		  	96
											
	Homewood Suites by Hilton Chicago-Downtown	  	IL	  	40 East Grand Avenue	  	Chicago, IL 60611	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or manager	  		  		  	23
											
	Homewood Suites by Hilton Hartford/Windsor Locks	  	CT	  	65 Ella Grasso Turnpike	  	Windsor Locks, CT 06096	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Homewood Suites Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Musselman	  	41
											
	Homewood Suites by Hilton Memphis-Germantown	  	TN	  	7855 Wolf River Boulevard	  	Germantown, TN 38138	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Homewood Suites Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	66
											
	Homewood Suites by Hilton Phoenix-Biltmore	  	AZ	  	2001 East Highland Avenue	  	Phoenix, AZ 85016	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Homewood Suites Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  		  	39
											
	Homewood Suites by Hilton San Antonio-Northwest	  	TX	  	4323 Spectrum One	  	San Antonio, TX 78230	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Homewood Suites Management LLC (Hilton)	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	14
											
	Hyatt Place Albuquerque/Uptown	  	NM	  	6901 Arvada North East	  	Albuquerque, NM 87110	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  	Owner or manager	  		  		  	31
											
	Hyatt Place Baltimore/BWI Airport	  	MD	  	940 International Drive	  	Linthicum Heights, MD 21090	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Crestline or owner subsidiary	  		  		  	27
											
	Hyatt Place Baton Rouge/I-10	  	LA	  	6080 Bluebonnet Boulevard	  	Baton Rouge, LA 70809	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner	  		  		  	26
											
	Hyatt Place Birmingham/Hoover	  	AL	  	2980 John Hawkins Parkway	  	Birmingham, AL 35244	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner	  		  	Consolidation with others required if they are under owner	  	16
											
	Hyatt Place Cincinnati Blue Ash	  	OH	  	11435 Reed Hartman Highway	  	Blue Ash, OH 45241	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  	Manager	  		  		  	32
											
	Hyatt Place Columbus/Worthington    	  	OH	  	7490 Vantage Drive	  	Columbus, OH 43235	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  	Manager	  		  		  	33









																					
											
	 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	  	IN	  	9104 Keystone Crossing	  	Indianapolis, IN 46240	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or manager	  		  		  	24
											
	Hyatt Place Kansas City/Overland Park/Metcalf	  	KS	  	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	  	15
											
	Hyatt Place Las Vegas	  	NV	  	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	  	TN	  	7905 Giacosa Place	  	Memphis, TN 38133	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or manager	  		  		  	34
											
	Hyatt Place Miami Airport—West/Doral	  	FL	  	3655 NW 82nd Avenue	  	Miami, FL 33166	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or joint	  		  		  	20
											
	Hyatt Place Minneapolis Airport-South	  	MN	  	7800 International Drive	  	Bloomington, MN 55425	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	First Hospitality Group, Inc.	  	Owner	  		  		  		  	99
											
	Hyatt Place Nashville/Franklin/Cool Springs	  	TN	  	650 Bakers Bridge Avenue	  	Franklin, TN 37067	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or manager	  		  		  	35
											
	Hyatt Place Richmond/Innsbrook	  	VA	  	4100 Cox Road	  	Glen Allen, VA 23060	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or manager	  		  		  	36
											
	Hyatt Place Tampa Airport/Westshore	  	FL	  	4811 West Main Street	  	Tampa Airport/Westshore, FL 33607	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Owner	  	Owner or joint	  		  		  	21
											
	Residence Inn Boise Downtown	  	ID	  	1401 Lusk Avenue	  	Boise, ID 83706	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Innventures IVI, LP	  	Owner	  		  		  		  	89
											
	Residence Inn Chattanooga Downtown	  	TN	  	215 Chestnut Street	  	Chattanooga, TN 37402	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Owner	  	Owner or manager	  		  		  	86
											
	Residence Inn Fort Myers	  	FL	  	2960 Colonial Boulevard	  	Fort Myers, FL 33912	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	N/A	  	N/A	  	N/A	  		  	77
											
	Residence Inn Knoxville Cedar Bluff	  	TN	  	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	  		  		  	87
											
	Residence Inn Lexington South/Hamburg Place	  	KY	  	2688 Pink Pigeon Parkway	  	Lexington, KY 40509	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Musselman Hotels Management, L.L.C.	  	Owner	  		  		  		  	93
											
	Residence Inn Los Angeles LAX/El Segundo	  	CA	  	2135 East El Segundo Boulevard	  	El Segundo, CA 90245	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  		  		  	McKibbon	  	1
											
	Residence Inn Macon	  	GA	  	3900 Sheraton Drive	  	Macon, GA 31210	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Manager	  		  		  	83
											
	Residence Inn Mobile	  	AL	  	950 West I-65 Service Road S.	  	Mobile , AL 36609	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Owner	  	Owner	  		  	Consolidation with others required if they are under owner	  	71
											
	Residence Inn Portland Downtown/Lloyd Center	  	OR	  	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	  	CA	  	12011 Scripps Highlands Drive	  	San Diego, CA 92131	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  		  		  	Hilton	  	2
											
	Residence Inn Sarasota Bradenton	  	FL	  	1040 University Parkway	  	Sarasota, FL 34234	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Owner or joint	  		  		  	78
											
	Residence Inn Savannah Midtown	  	GA	  	5710 White Bluff Road	  	Savannah, GA 31405	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Manager	  		  		  	84
											
	Residence Inn Tallahassee North/I-10 Capital Circle    	  	FL	  	1880 Raymond Diehl Road	  	Tallahassee, FL 32308	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Owner or joint	  		  		  	79









																					
											
	 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	  	FL	  	13420 North Telecom Parkway	  	Tampa, FL 33637	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Manager	  	Owner or joint	  		  		  	81
											
	Residence Inn Tampa Sabal Park/Brandon	  	FL	  	9719 Princess Palm Avenue	  	Tampa, FL 33619	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	McKibbon Hotel Management, Inc.	  	Owner	  	Owner or joint	  		  		  	80
											
	SpringHill Suites Austin Round Rock	  	TX	  	2960 Hoppe Trail	  	Round Rock, TX 78681	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	7
											
	SpringHill Suites Grand Rapids North	  	MI	  	450 Center Drive	  	Grand Rapids, MI 49544	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Pillar Hotels and Resorts, L.P.	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	98
											
	SpringHill Suites Houston Hobby Airport	  	TX	  	7922 Mosley Road	  	Houston, TX 77061	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	Manager	  		  		  	Consolidation is required	  	8
											
	SpringHill Suites Lexington Near the University of Kentucky	  	KY	  	863 S. Broadway	  	Lexington, KY 40504	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Musselman Hotels Management, L.L.C.	  	Owner	  		  		  		  	94
											
	SpringHill Suites San Antonio Medical Center/Northwest	  	TX	  	3636 NW Loop 410	  	San Antonio, TX 78201	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	N/A	  	N/A	  	N/A	  	Consolidation is required	  	9
											
	SpringHill Suites San Diego Rancho Bernardo/Scripps Poway	  	CA	  	12032 Scripps Highlands Drive	  	San Diego, CA 92131	  	American Realty Capital Hospitality Grace Portfolio, LLC	  	Crestline Hotels & Resorts, LLC	  	N/A	  	N/A	  	N/A	  	CRESTLINE	  	3








 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