Exhibit 99.1



MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|----------------------------------------------------------- |  | --------------------------- | - |  | ------------------------- | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------- | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ | -
|                                                            |  | MeriStarHospitalityOP, L.P. |   |  | Non-GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | MeriStarSub 8G,LLC |  | AGHUpreit,LLC |  | MeriStarSub 6H,L.P. |   |  | MeriStarSub 8F,L.P. |   |  | MeriStarSub 8B,LLC |   |  | MeriStarSub 1C,LLC |  
|Assets                                                      |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|Property and equipment                                      |  | 176,550                     |   |  | 1,351,730                 |   |  |                   |  |                   |  |              |  | 10,908              |   |  | 14,080              |   |  | 97,509             |   |  | 18,000             |  
|Accumulated depreciation                                    |  | (44,688                     | ) |  | (261,500                  | ) |  |                   |  |                   |  |              |  | (1,231              | ) |  | (3,660              | ) |  | (16,509            | ) |  |                   |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|                                                            |  | 131,862                     |   |  | 1,090,230                 |   |  |                   |  |                   |  |              |  | 9,677               |   |  | 10,420              |   |  | 81,000             |   |  | 18,000             |  
|Assets held for sale                                        |  | 23,058                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Investments in and advances to unconsolidated affiliates    |  | 2,344,223                   |   |  | 15,272                    |   |  | 32                 |  | 72                 |  | 2,989         |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Due to/from subsidiaries                                    |  | (1,047,601                  | ) |  | 495,855                   |   |  |                   |  | 9                  |  | 73            |  | 8,760               |   |  | 7,781               |   |  | 27,903             |   |  | (4,396             | )
|Note receivable from subsidiaries                           |  | 282,704                     |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Prepaid expenses and other assets                           |  | 24,717                      |   |  | 1,900                     |   |  |                   |  |                   |  |              |  | 15                  |   |  | 7                   |   |  |                   |   |  | 51                 |  
|Insurance claim receivable                                  |  | 37,070                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Accounts receivable, net of allowance for doubtful accounts |  | 20,410                      |   |  | 523                       |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  | 63                 |   |  |                   |  
|Restricted cash                                             |  | 7,683                       |   |  | 5,656                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Cash and cash equivalents                                   |  | 14,372                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|                                                            |  | 1,838,498                   |   |  | 1,609,436                 |   |  | 32                 |  | 81                 |  | 3,062         |  | 18,452              |   |  | 18,208              |   |  | 108,966            |   |  | 13,655             |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|Liabilities and Partners capital                           |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|Debt                                                        |  | 797,181                     |   |  | 597,041                   |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Notes payable to MeriStar Hospitality Corporation           |  | 170,000                     |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Accounts payable and accrued expenses                       |  | 14,524                      |   |  | 6,814                     |   |  |                   |  |                   |  |              |  | 65                  |   |  | 6                   |   |  | (79                | ) |  | 52                 |  
|Accrued interest                                            |  | 27,068                      |   |  | 2,482                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Due to Interstate Hotels & Resorts                          |  | 13,030                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Other liabilities                                           |  | 701                         |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  | 214                 |   |  |                   |   |  |                   |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|Total liabilities                                           |  | 1,022,504                   |   |  | 606,337                   |   |  |                   |  |                   |  |              |  | 65                  |   |  | 220                 |   |  | (79                | ) |  | 52                 |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|Minority interests                                          |  | 2,382                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Redeemable OP units at redemption value                     |  | 20,620                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |  
|Partners capital                                           |  | 792,992                     |   |  | 1,003,099                 |   |  | 32                 |  | 81                 |  | 3,062         |  | 18,387              |   |  | 17,988              |   |  | 109,045            |   |  | 13,603             |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  
|                                                            |  | 1,838,498                   |   |  | 1,609,436                 |   |  | 32                 |  | 81                 |  | 3,062         |  | 18,452              |   |  | 18,208              |   |  | 108,966            |   |  | 13,655             |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|----------------------------------------------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------- | -
|                                                            |  | MeriStarSub 8E,LLC |   |  | MeriStarSub 7F,LLC |   |  | MeriStarSub 5L,LLC |   |  | MeriStarSub 3C,LLC |   |  | MeriStarSub 5R,LLC |   |  | MeriStarSub 8A,LLC |  | MeriStarSub 6D,LLC |   |  | MeriStarSub 6E,LLC |   |  | MeriStarSub 4E,L.P. |  
|Assets                                                      |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|Property and equipment                                      |  | 16,337             |   |  | 9,968              |   |  | 13,007             |   |  | 18,185             |   |  |                   |   |  |                   |  | 18,527             |   |  | 52,702             |   |  |                    |  
|Accumulated depreciation                                    |  | (4,029             | ) |  | (750               | ) |  | (795               | ) |  | (4,841             | ) |  |                   |   |  |                   |  | (3,699             | ) |  | (12,625            | ) |  | (1                  | )
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|                                                            |  | 12,308             |   |  | 9,218              |   |  | 12,212             |   |  | 13,344             |   |  |                   |   |  |                   |  | 14,828             |   |  | 40,077             |   |  | (1                  | )
|Assets held for sale                                        |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Investments in and advances to unconsolidated affiliates    |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  | 43                 |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Due to/from subsidiaries                                    |  | 8,817              |   |  | 4,718              |   |  | 4,293              |   |  | 8,562              |   |  | (43                | ) |  |                   |  | 11,124             |   |  | 57,293             |   |  | 7,074               |  
|Note receivable from subsidiaries                           |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Prepaid expenses and other assets                           |  | 5                  |   |  | 6                  |   |  |                   |   |  | 20                 |   |  |                   |   |  |                   |  |                   |   |  | 788                |   |  |                    |  
|Insurance claim receivable                                  |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Accounts receivable, net of allowance for doubtful accounts |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  | 108                |   |  |                   |   |  |                    |  
|Restricted cash                                             |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  | 3,032              |   |  |                    |  
|Cash and cash equivalents                                   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|                                                            |  | 21,130             |   |  | 13,942             |   |  | 16,505             |   |  | 21,926             |   |  |                   |   |  |                   |  | 26,060             |   |  | 101,190            |   |  | 7,073               |  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|Liabilities and Partners capital                           |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|Debt                                                        |  | 628                |   |  | 636                |   |  |                   |   |  | 1,129              |   |  |                   |   |  |                   |  |                   |   |  | 37,650             |   |  |                    |  
|Notes payable to MeriStar Hospitality Corporation           |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Accounts payable and accrued expenses                       |  | (37                | ) |  | 184                |   |  | 66                 |   |  | 305                |   |  |                   |   |  |                   |  | 23                 |   |  | (20                | ) |  |                    |  
|Accrued interest                                            |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  | 183                |   |  |                    |  
|Due to Interstate Hotels & Resorts                          |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Other liabilities                                           |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|Total liabilities                                           |  | 591                |   |  | 820                |   |  | 66                 |   |  | 1,434              |   |  |                   |   |  |                   |  | 23                 |   |  | 37,813             |   |  |                    |  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|Minority interests                                          |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Redeemable OP units at redemption value                     |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |  
|Partners capital                                           |  | 20,539             |   |  | 13,122             |   |  | 16,439             |   |  | 20,492             |   |  |                   |   |  |                   |  | 26,037             |   |  | 63,377             |   |  | 7,073               |  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  
|                                                            |  | 21,130             |   |  | 13,942             |   |  | 16,505             |   |  | 21,926             |   |  |                   |   |  |                   |  | 26,060             |   |  | 101,190            |   |  | 7,073               |  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|----------------------------------------------------------- |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ |  | ------------------- |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------
|                                                            |  | MeriStarSub 1B,LLC |   |  | MeriStarSub 5F,L.P. |   |  | MeriStarSub 6G,LLC |   |  | MeriStarSub 8C,LLC |  | MeriStarSub 4C,L.P. |  | MeriStarSub 4H,L.P. |  | MeriStarSub 7E,LLC |   |  | MeriStarSub 3D,LLC |  | MeriStarSub 1A,LLC
|Assets                                                      |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|Property and equipment                                      |  | 21,646             |   |  | 38,000              |   |  | 25,514             |   |  |                   |  |                    |  |                    |  | 20,388             |   |  | 12,000             |  |                  
|Accumulated depreciation                                    |  | (5,006             | ) |  | (1,053              | ) |  | (6,248             | ) |  |                   |  |                    |  |                    |  | (4,420             | ) |  |                   |  |                  
|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|                                                            |  | 16,640             |   |  | 36,947              |   |  | 19,266             |   |  |                   |  |                    |  |                    |  | 15,968             |   |  | 12,000             |  |                  
|Assets held for sale                                        |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Investments in and advances to unconsolidated affiliates    |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Due to/from subsidiaries                                    |  | 18,213             |   |  | (5,279              | ) |  | 10,101             |   |  | 11,439             |  |                    |  | 3,414               |  | 6,612              |   |  | 9,498              |  | 14,099            
|Note receivable from subsidiaries                           |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Prepaid expenses and other assets                           |  | 2                  |   |  | 9                   |   |  |                   |   |  |                   |  |                    |  |                    |  | 5                  |   |  | 7                  |  |                  
|Insurance claim receivable                                  |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Accounts receivable, net of allowance for doubtful accounts |  | 96                 |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Restricted cash                                             |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Cash and cash equivalents                                   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|                                                            |  | 34,951             |   |  | 31,677              |   |  | 29,367             |   |  | 11,439             |  |                    |  | 3,414               |  | 22,585             |   |  | 21,505             |  | 14,099            
|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|Liabilities and Partners capital                           |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|Debt                                                        |  | 2,247              |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Notes payable to MeriStar Hospitality Corporation           |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Accounts payable and accrued expenses                       |  | 81                 |   |  | 187                 |   |  | (32                | ) |  |                   |  |                    |  |                    |  | 50                 |   |  | 114                |  | 13                
|Accrued interest                                            |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Due to Interstate Hotels & Resorts                          |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Other liabilities                                           |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|Total liabilities                                           |  | 2,328              |   |  | 187                 |   |  | (32                | ) |  |                   |  |                    |  |                    |  | 50                 |   |  | 114                |  | 13                
|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|Minority interests                                          |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Redeemable OP units at redemption value                     |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                  
|Partners capital                                           |  | 32,623             |   |  | 31,490              |   |  | 29,399             |   |  | 11,439             |  |                    |  | 3,414               |  | 22,535             |   |  | 21,391             |  | 14,086            
|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   
|                                                            |  | 34,951             |   |  | 31,677              |   |  | 29,367             |   |  | 11,439             |  |                    |  | 3,414               |  | 22,585             |   |  | 21,505             |  | 14,099            
|                                                            |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|----------------------------------------------------------- |  | ----------------------------- |  | -------------------- |  | -------------------- |  | -------------------- |  | -------------------- |  | -------------------- |  | -------------------- |  | ----------------------- | - |  | --------------------
|                                                            |  | MeriStar Sub 7A Joint Venture |  | MeriStar Sub 2B, LLC |  | MeriStar Sub 3A, LLC |  | MeriStar Sub 4A, LLC |  | MeriStar Sub 4D, LLC |  | MeriStar Sub 2A, LLC |  | MeriStar Sub 6L, LLC |  | MDV Limited Partnership |   |  | MeriStar Sub 5C, LLC
|Assets                                                      |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|Property and equipment                                      |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  | 4,038                   |   |  |                    
|Accumulated depreciation                                    |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  | (981                    | ) |  |                    
|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|                                                            |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  | 3,057                   |   |  |                    
|Assets held for sale                                        |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Investments in and advances to unconsolidated affiliates    |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Due to/from subsidiaries                                    |  | 9,900                         |  |                     |  | 4,976                |  |                     |  |                     |  |                     |  | 20,298               |  | 3,012                   |   |  |                    
|Note receivable from subsidiaries                           |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Prepaid expenses and other assets                           |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  | 9                       |   |  |                    
|Insurance claim receivable                                  |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Accounts receivable, net of allowance for doubtful accounts |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  | 178                  |  |                        |   |  |                    
|Restricted cash                                             |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Cash and cash equivalents                                   |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|                                                            |  | 9,900                         |  |                     |  | 4,976                |  |                     |  |                     |  |                     |  | 20,476               |  | 6,078                   |   |  |                    
|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|Liabilities and Partners capital                           |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|Debt                                                        |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Notes payable to MeriStar Hospitality Corporation           |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Accounts payable and accrued expenses                       |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  | 67                      |   |  |                    
|Accrued interest                                            |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Due to Interstate Hotels & Resorts                          |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Other liabilities                                           |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|Total liabilities                                           |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  | 67                      |   |  |                    
|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|Minority interests                                          |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Redeemable OP units at redemption value                     |  |                              |  |                     |  |                     |  |                     |  |                     |  |                     |  |                     |  |                        |   |  |                    
|Partners capital                                           |  | 9,900                         |  |                     |  | 4,976                |  |                     |  |                     |  |                     |  | 20,476               |  | 6,011                   |   |  |                    
|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     
|                                                            |  | 9,900                         |  |                     |  | 4,976                |  |                     |  |                     |  |                     |  | 20,476               |  | 6,078                   |   |  |                    
|                                                            |  |                               |  |                      |  |                      |  |                      |  |                      |  |                      |  |                      |  |                         |   |  |                     



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|----------------------------------------------------------- |  | -------------------- | - |  | --------------------- | - |  | --------------------- |  | -------------------- | - |  | -------------------- |  | -------------------- | - |  | --------------------- |  | -------------------- | - |  | --------------------
|                                                            |  | MeriStar Sub 6J, LLC |   |  | MeriStar Sub 1D, L.P. |   |  | MeriStar Sub 7B, L.P. |  | MeriStar Sub 7D, LLC |   |  | MeriStar Sub 7G, LLC |  | MeriStar Sub 6B, LLC |   |  | MeriStar Sub 4I, L.P. |  | MeriStar Sub 5D, LLC |   |  | MeriStar Sub 5H, LLC
|Assets                                                      |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|Property and equipment                                      |  | 20,345               |   |  | 71,139                |   |  |                      |  | 56,581               |   |  |                     |  | 12,452               |   |  |                      |  | 42,765               |   |  |                    
|Accumulated depreciation                                    |  | (4,679               | ) |  | (15,872               | ) |  |                      |  | (12,272              | ) |  |                     |  | (2,931               | ) |  |                      |  | (10,516              | ) |  |                    
|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|                                                            |  | 15,666               |   |  | 55,267                |   |  |                      |  | 44,309               |   |  |                     |  | 9,521                |   |  |                      |  | 32,249               |   |  |                    
|Assets held for sale                                        |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Investments in and advances to unconsolidated affiliates    |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  | 51,368               |   |  |                    
|Due to/from subsidiaries                                    |  | 11,771               |   |  | 27,732                |   |  |                      |  | 31,813               |   |  | 2,370                |  | 3,201                |   |  |                      |  | (6,141               | ) |  |                    
|Note receivable from subsidiaries                           |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Prepaid expenses and other assets                           |  | 10                   |   |  |                      |   |  |                      |  | 77                   |   |  |                     |  |                     |   |  |                      |  | 17                   |   |  |                    
|Insurance claim receivable                                  |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Accounts receivable, net of allowance for doubtful accounts |  |                     |   |  |                      |   |  |                      |  | 1,300                |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Restricted cash                                             |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Cash and cash equivalents                                   |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|                                                            |  | 27,447               |   |  | 82,999                |   |  |                      |  | 77,499               |   |  | 2,370                |  | 12,722               |   |  |                      |  | 77,493               |   |  |                    
|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|Liabilities and Partners capital                           |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|Debt                                                        |  |                     |   |  | 3,182                 |   |  |                      |  | 2,482                |   |  |                     |  |                     |   |  |                      |  | 24,000               |   |  |                    
|Notes payable to MeriStar Hospitality Corporation           |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Accounts payable and accrued expenses                       |  | 120                  |   |  | 231                   |   |  |                      |  | 2,972                |   |  |                     |  | (118                 | ) |  |                      |  | 404                  |   |  |                    
|Accrued interest                                            |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Due to Interstate Hotels & Resorts                          |  |                     |   |  |                      |   |  |                      |  | (200                 | ) |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Other liabilities                                           |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|Total liabilities                                           |  | 120                  |   |  | 3,413                 |   |  |                      |  | 5,254                |   |  |                     |  | (118                 | ) |  |                      |  | 24,404               |   |  |                    
|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|Minority interests                                          |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Redeemable OP units at redemption value                     |  |                     |   |  |                      |   |  |                      |  |                     |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                    
|Partners capital                                           |  | 27,327               |   |  | 79,586                |   |  |                      |  | 72,245               |   |  | 2,370                |  | 12,840               |   |  |                      |  | 53,089               |   |  |                    
|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     
|                                                            |  | 27,447               |   |  | 82,999                |   |  |                      |  | 77,499               |   |  | 2,370                |  | 12,722               |   |  |                      |  | 77,493               |   |  |                    
|                                                            |  |                      |   |  |                       |   |  |                       |  |                      |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                     



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|----------------------------------------------------------- |  | -------------------- |  | --------------- |  | -------------------- |  | --------------------- | - |  | -------------------- |  | -------------------- | - |  | --------------------- |  | -------------------- | - |  | ---------------------
|                                                            |  | MeriStar Sub 7H, LLC |  | AGH PSS I, Inc. |  | MeriStar Sub 2D, LLC |  | MeriStar Sub 4F, L.P. |   |  | MeriStar Sub 5K, LLC |  | MeriStar Sub 5M, LLC |   |  | MeriStar Sub 1E, L.P. |  | MeriStar Sub 5O, LLC |   |  | MeriStar Sub 4B, L.P.
|Assets                                                      |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|Property and equipment                                      |  |                     |  |                |  |                     |  | 36,222                |   |  |                     |  | 21,957               |   |  |                      |  | 8,767                |   |  |                     
|Accumulated depreciation                                    |  |                     |  |                |  |                     |  | (7,718                | ) |  |                     |  | (1,463               | ) |  |                      |  | (710                 | ) |  |                     
|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|                                                            |  |                     |  |                |  |                     |  | 28,504                |   |  |                     |  | 20,494               |   |  |                      |  | 8,057                |   |  |                     
|Assets held for sale                                        |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Investments in and advances to unconsolidated affiliates    |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Due to/from subsidiaries                                    |  |                     |  |                |  |                     |  | 4,411                 |   |  | 21,531               |  | 8,503                |   |  |                      |  | 3,017                |   |  |                     
|Note receivable from subsidiaries                           |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Prepaid expenses and other assets                           |  |                     |  |                |  |                     |  | 33                    |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Insurance claim receivable                                  |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Accounts receivable, net of allowance for doubtful accounts |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Restricted cash                                             |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Cash and cash equivalents                                   |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|                                                            |  |                     |  |                |  |                     |  | 32,948                |   |  | 21,531               |  | 28,997               |   |  |                      |  | 11,074               |   |  |                     
|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|Liabilities and Partners capital                           |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|Debt                                                        |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Notes payable to MeriStar Hospitality Corporation           |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Accounts payable and accrued expenses                       |  |                     |  |                |  |                     |  | 200                   |   |  |                     |  | 155                  |   |  |                      |  | 55                   |   |  |                     
|Accrued interest                                            |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Due to Interstate Hotels & Resorts                          |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Other liabilities                                           |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|Total liabilities                                           |  |                     |  |                |  |                     |  | 200                   |   |  |                     |  | 155                  |   |  |                      |  | 55                   |   |  |                     
|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|Minority interests                                          |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Redeemable OP units at redemption value                     |  |                     |  |                |  |                     |  |                      |   |  |                     |  |                     |   |  |                      |  |                     |   |  |                     
|Partners capital                                           |  |                     |  |                |  |                     |  | 32,748                |   |  | 21,531               |  | 28,842               |   |  |                      |  | 11,019               |   |  |                     
|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      
|                                                            |  |                     |  |                |  |                     |  | 32,948                |   |  | 21,531               |  | 28,997               |   |  |                      |  | 11,074               |   |  |                     
|                                                            |  |                      |  |                 |  |                      |  |                       |   |  |                      |  |                      |   |  |                       |  |                      |   |  |                      



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|----------------------------------------------------------- |  | ------------------- | - |  | -------------------- | - |  | ------------------- |  | -------------------- | - |  | ------------------- | - |  | ------------------- | - |  | ------------------- | - |  | ------------------- | - |  | ------------------- | -
|                                                            |  | MeriStar Sub2C, LLC |   |  | MeriStar Sub4G, L.P. |   |  | MeriStar Sub3B, LLC |  | MeriStar Sub5G, L.P. |   |  | MeriStar Sub5N, LLC |   |  | MeriStar Sub5P, LLC |   |  | MeriStar Sub5J, LLC |   |  | MeriStar Sub5Q, LLC |   |  | MeriStar Sub5A, LLC |  
|Assets                                                      |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|Property and equipment                                      |  |                    |   |  |                     |   |  |                    |  | 175,401              |   |  | 4,925               |   |  | 39                  |   |  | 97,991              |   |  | 15,298              |   |  | 38,077              |  
|Accumulated depreciation                                    |  |                    |   |  | (1                   | ) |  |                    |  | (40,291              | ) |  | (347                | ) |  | (31                 | ) |  | (17,551             | ) |  | (1,807              | ) |  | (12,567             | )
|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|                                                            |  |                    |   |  | (1                   | ) |  |                    |  | 135,110              |   |  | 4,578               |   |  | 8                   |   |  | 80,440              |   |  | 13,491              |   |  | 25,510              |  
|Assets held for sale                                        |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Investments in and advances to unconsolidated affiliates    |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  | 4,627               |  
|Due to/from subsidiaries                                    |  | (2,360              | ) |  | 16,930               |   |  |                    |  | 46,573               |   |  | 3,793               |   |  | 4,174               |   |  | 32,684              |   |  | 7,267               |   |  | 10,122              |  
|Note receivable from subsidiaries                           |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Prepaid expenses and other assets                           |  |                    |   |  |                     |   |  |                    |  | 290                  |   |  |                    |   |  |                    |   |  | 138                 |   |  |                    |   |  |                    |  
|Insurance claim receivable                                  |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Accounts receivable, net of allowance for doubtful accounts |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  | 38                  |   |  |                    |   |  |                    |   |  |                    |  
|Restricted cash                                             |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Cash and cash equivalents                                   |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|                                                            |  | (2,360              | ) |  | 16,929               |   |  |                    |  | 181,973              |   |  | 8,371               |   |  | 4,220               |   |  | 113,262             |   |  | 20,758              |   |  | 40,259              |  
|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|Liabilities and Partners capital                           |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|Debt                                                        |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  | 23,609              |  
|Notes payable to MeriStar Hospitality Corporation           |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Accounts payable and accrued expenses                       |  |                    |   |  |                     |   |  |                    |  | 840                  |   |  | 68                  |   |  |                    |   |  | 615                 |   |  | 75                  |   |  | 637                 |  
|Accrued interest                                            |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Due to Interstate Hotels & Resorts                          |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Other liabilities                                           |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|Total liabilities                                           |  |                    |   |  |                     |   |  |                    |  | 840                  |   |  | 68                  |   |  |                    |   |  | 615                 |   |  | 75                  |   |  | 24,246              |  
|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|Minority interests                                          |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Redeemable OP units at redemption value                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Partners capital                                           |  | (2,360              | ) |  | 16,929               |   |  |                    |  | 181,133              |   |  | 8,303               |   |  | 4,220               |   |  | 112,647             |   |  | 20,683              |   |  | 16,013              |  
|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  
|                                                            |  | (2,360              | ) |  | 16,929               |   |  |                    |  | 181,973              |   |  | 8,371               |   |  | 4,220               |   |  | 113,262             |   |  | 20,758              |   |  | 40,259              |  
|                                                            |  |                     |   |  |                      |   |  |                     |  |                      |   |  |                     |   |  |                     |   |  |                     |   |  |                     |   |  |                     |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|----------------------------------------------------------- |  | ------------------- |  | ------------------- | - |  | ------------------- |  | ------------------- |  | ------------------- |  | ------------------- |  | ------------------------------ |  | ------------------------------- |  | -------------------
|                                                            |  | MeriStar Sub8D, LLC |  | MeriStar Sub4J, LLC |   |  | MeriStar Sub6K, LLC |  | MeriStar Sub5E, LLC |  | MeriStar Sub6I, LLC |  | MeriStar Sub5I, LLC |  | CapStarCherry HillCompany, LLC |  | MeristarAcquisitionCompany, LLC |  | MeriStar Sub6A, LLC
|Assets                                                      |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|Property and equipment                                      |  |                    |  | 44,677              |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Accumulated depreciation                                    |  |                    |  | (9,383              | ) |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|                                                            |  |                    |  | 35,294              |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Assets held for sale                                        |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Investments in and advances to unconsolidated affiliates    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Due to/from subsidiaries                                    |  |                    |  | 7,002               |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Note receivable from subsidiaries                           |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Prepaid expenses and other assets                           |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Insurance claim receivable                                  |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Accounts receivable, net of allowance for doubtful accounts |  |                    |  | (15                 | ) |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Restricted cash                                             |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Cash and cash equivalents                                   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|                                                            |  |                    |  | 42,281              |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|Liabilities and Partners capital                           |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|Debt                                                        |  |                    |  | 1,806               |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Notes payable to MeriStar Hospitality Corporation           |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Accounts payable and accrued expenses                       |  |                    |  | 242                 |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Accrued interest                                            |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Due to Interstate Hotels & Resorts                          |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Other liabilities                                           |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|Total liabilities                                           |  |                    |  | 2,048               |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|Minority interests                                          |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Redeemable OP units at redemption value                     |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|Partners capital                                           |  |                    |  | 40,233              |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    
|                                                            |  |                    |  | 42,281              |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                                |  |                   
|                                                            |  |                     |  |                     |   |  |                     |  |                     |  |                     |  |                     |  |                                |  |                                 |  |                    



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)



|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|----------------------------------------------------------- |  | ------------------- |  | ------------------------- | - |  | -------------------------- | - |  | ------------------------- | - |  | ----------------- | -
|                                                            |  | MeriStar Sub6F, LLC |  | MeriStarHotel Lessee,Inc. |   |  | GuarantorSubsidiariesTotal |   |  | ConsolidationEliminations |   |  | TotalConsolidated |  
|Assets                                                      |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Property and equipment                                      |  |                    |  | 3,316                     |   |  | 1,040,761                  |   |  |                          |   |  | 2,569,041         |  
|Accumulated depreciation                                    |  |                    |  | (3,384                    | ) |  | (207,371                   | ) |  |                          |   |  | (513,559          | )
|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|                                                            |  |                    |  | (68                       | ) |  | 833,390                    |   |  |                          |   |  | 2,055,482         |  
|Assets held for sale                                        |  |                    |  |                          |   |  |                           |   |  |                          |   |  | 23,058            |  
|Investments in and advances to unconsolidated affiliates    |  |                    |  | 42,328                    |   |  | 101,459                    |   |  | (2,389,489                | ) |  | 71,465            |  
|Due to/from subsidiaries                                    |  |                    |  | 69,102                    |   |  | 551,746                    |   |  |                          |   |  |                  |  
|Note receivable from subsidiaries                           |  |                    |  |                          |   |  |                           |   |  | (282,704                  | ) |  |                  |  
|Prepaid expenses and other assets                           |  |                    |  | 7,863                     |   |  | 9,352                      |   |  |                          |   |  | 35,969            |  
|Insurance claim receivable                                  |  |                    |  |                          |   |  |                           |   |  |                          |   |  | 37,070            |  
|Accounts receivable, net of allowance for doubtful accounts |  |                    |  | 39,542                    |   |  | 41,310                     |   |  | (20,321                   | ) |  | 41,922            |  
|Restricted cash                                             |  |                    |  | 2,468                     |   |  | 5,500                      |   |  |                          |   |  | 18,839            |  
|Cash and cash equivalents                                   |  |                    |  | 20,917                    |   |  | 20,917                     |   |  |                          |   |  | 35,289            |  
|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|                                                            |  |                    |  | 182,152                   |   |  | 1,563,674                  |   |  | (2,692,514                | ) |  | 2,319,094         |  
|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Liabilities and Partners capital                           |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Debt                                                        |  |                    |  | 235,095                   |   |  | 332,464                    |   |  | (282,704                  | ) |  | 1,443,982         |  
|Notes payable to MeriStar Hospitality Corporation           |  |                    |  |                          |   |  |                           |   |  |                          |   |  | 170,000           |  
|Accounts payable and accrued expenses                       |  |                    |  | 48,607                    |   |  | 56,148                     |   |  |                          |   |  | 77,486            |  
|Accrued interest                                            |  |                    |  | 20,321                    |   |  | 20,504                     |   |  | (20,321                   | ) |  | 29,733            |  
|Due to Interstate Hotels & Resorts                          |  |                    |  | 4,051                     |   |  | 3,851                      |   |  |                          |   |  | 16,881            |  
|Other liabilities                                           |  |                    |  | 6,703                     |   |  | 6,917                      |   |  |                          |   |  | 7,618             |  
|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Total liabilities                                           |  |                    |  | 314,777                   |   |  | 419,884                    |   |  | (303,025                  | ) |  | 1,745,700         |  
|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Minority interests                                          |  |                    |  |                          |   |  |                           |   |  |                          |   |  | 2,382             |  
|Redeemable OP units at redemption value                     |  |                    |  |                          |   |  |                           |   |  |                          |   |  | 20,620            |  
|Partners capital                                           |  |                    |  | (132,625                  | ) |  | 1,143,790                  |   |  | (2,389,489                | ) |  | 550,392           |  
|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|                                                            |  |                    |  | 182,152                   |   |  | 1,563,674                  |   |  | (2,692,514                | ) |  | 2,319,094         |  
|                                                            |  |                     |  |                           |   |  |                            |   |  |                           |   |  |                   |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)



|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|----------------------------------------------------------- |  | --------------------------- | - |  | ------------------------- | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------- | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | -
|                                                            |  | MeriStarHospitality OP,L.P. |   |  | Non-GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | MeriStarSub 8G,LLC |  | AGHUpreit,LLC |  | MeriStarSub 6H,L.P. |   |  | MeriStarSub 8F,L.P. |   |  | MeriStarSub 8B,LLC |   |  | MeriStarSub 1C,LLC |   |  | MeriStarSub 8E,LLC |   |  | MeriStarSub 7F,LLC |   |  | MeriStarSub 5L,LLC |  
|Assets                                                      |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Property and equipment                                      |  | 216,063                     |   |  | 1,376,454                 |   |  |                   |  |                   |  |              |  | 10,885              |   |  | 13,687              |   |  | 88,943             |   |  | 27,485             |   |  | 16,028             |   |  | 10,034             |   |  | 11,800             |  
|Accumulated depreciation                                    |  | (51,424                     | ) |  | (253,348                  | ) |  |                   |  |                   |  |              |  | (783                | ) |  | (3,179              | ) |  | (14,741            | ) |  | (7,319             | ) |  | (3,618             | ) |  | (413               | ) |  | (723               | )
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|                                                            |  | 164,639                     |   |  | 1,123,106                 |   |  |                   |  |                   |  |              |  | 10,102              |   |  | 10,508              |   |  | 74,202             |   |  | 20,166             |   |  | 12,410             |   |  | 9,621              |   |  | 11,077             |  
|Assets held for sale                                        |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Investments in and advances to unconsolidated affiliates    |  | 2,492,499                   |   |  | 17,479                    |   |  | 32                 |  | 72                 |  | 2,989         |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Due to/from subsidiaries                                    |  | (953,735                    | ) |  | 429,669                   |   |  |                   |  | 9                  |  | 73            |  | 7,830               |   |  | 6,748               |   |  | 31,376             |   |  | (4,175             | ) |  | 7,517              |   |  | 3,135              |   |  | 5,022              |  
|Note receivable from subsidiaries                           |  | 221,704                     |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Prepaid expenses and other assets                           |  | 30,645                      |   |  | (2,733                    | ) |  |                   |  |                   |  |              |  | (11                 | ) |  | (81                 | ) |  | (101               | ) |  | (190               | ) |  | (26                | ) |  | (12                | ) |  | (77                | )
|Insurance claim receivable                                  |  | 76,056                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Accounts receivable, net of allowance for doubtful accounts |  | 9,356                       |   |  | 933                       |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Restricted cash                                             |  | 55,754                      |   |  | 1,346                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Cash and cash equivalents                                   |  | 41,224                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|                                                            |  | 2,138,142                   |   |  | 1,569,800                 |   |  | 32                 |  | 81                 |  | 3,062         |  | 17,921              |   |  | 17,175              |   |  | 105,477            |   |  | 15,801             |   |  | 19,901             |   |  | 12,744             |   |  | 16,022             |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Liabilities and Partners capital                           |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Debt                                                        |  | 841,976                     |   |  | 527,290                   |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Notes payable to MeriStar Hospitality Corporation           |  | 203,977                     |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Accounts payable and accrued expenses                       |  | 14,892                      |   |  | 5,286                     |   |  |                   |  |                   |  |              |  |                    |   |  | 6                   |   |  |                   |   |  | 59                 |   |  |                   |   |  | 153                |   |  | 1                  |  
|Accrued interest                                            |  | 38,682                      |   |  | 2,483                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Due to Interstate Hotels & Resorts                          |  | 11,347                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Other liabilities                                           |  | 5,382                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Total liabilities                                           |  | 1,116,256                   |   |  | 535,059                   |   |  |                   |  |                   |  |              |  |                    |   |  | 6                   |   |  |                   |   |  | 59                 |   |  |                   |   |  | 153                |   |  | 1                  |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Minority interests                                          |  | 2,418                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Redeemable OP units at redemption value                     |  | 19,187                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Partners capital                                           |  | 1,000,281                   |   |  | 1,034,741                 |   |  | 32                 |  | 81                 |  | 3,062         |  | 17,921              |   |  | 17,169              |   |  | 105,477            |   |  | 15,742             |   |  | 19,901             |   |  | 12,591             |   |  | 16,021             |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|                                                            |  | 2,138,142                   |   |  | 1,569,800                 |   |  | 32                 |  | 81                 |  | 3,062         |  | 17,921              |   |  | 17,175              |   |  | 105,477            |   |  | 15,801             |   |  | 19,901             |   |  | 12,744             |   |  | 16,022             |  
|                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)



|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|----------------------------------------------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ |  | ------------------- |  | -------------------
|                                                            |  | MeriStarSub 3C,LLC |   |  | MeriStarSub 5R,LLC |   |  | MeriStarSub 8A,LLC |  | MeriStarSub 6D,LLC |   |  | MeriStarSub 6E,LLC |   |  | MeriStarSub 4E,L.P. |   |  | MeriStarSub 1B,LLC |   |  | MeriStarSub 5F,L.P. |   |  | MeriStarSub 6G,LLC |   |  | MeriStarSub 8C,LLC |  | MeriStarSub 4C,L.P. |  | MeriStarSub 4H,L.P.
|Assets                                                      |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|Property and equipment                                      |  | 17,581             |   |  |                   |   |  |                   |  | 18,367             |   |  | 49,971             |   |  |                    |   |  | 20,404             |   |  | 18,560              |   |  | 24,167             |   |  |                   |  |                    |  | 1                  
|Accumulated depreciation                                    |  | (4,384             | ) |  |                   |   |  |                   |  | (3,377             | ) |  | (11,560            | ) |  | (1                  | ) |  | (4,557             | ) |  | (591                | ) |  | (5,738             | ) |  |                   |  |                    |  |                   
|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|                                                            |  | 13,197             |   |  |                   |   |  |                   |  | 14,990             |   |  | 38,411             |   |  | (1                  | ) |  | 15,847             |   |  | 17,969              |   |  | 18,429             |   |  |                   |  |                    |  | 1                  
|Assets held for sale                                        |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Investments in and advances to unconsolidated affiliates    |  |                   |   |  | 43                 |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Due to/from subsidiaries                                    |  | 6,581              |   |  | (43                | ) |  |                   |  | 9,328              |   |  | 22,758             |   |  | 7,015               |   |  | 15,571             |   |  | 12,510              |   |  | 8,688              |   |  | 11,439             |  |                    |  | 3,413              
|Note receivable from subsidiaries                           |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Prepaid expenses and other assets                           |  | 2                  |   |  |                   |   |  |                   |  | (21                | ) |  | (93                | ) |  |                    |   |  | (83                | ) |  | (178                | ) |  | (35                | ) |  |                   |  |                    |  |                   
|Insurance claim receivable                                  |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Accounts receivable, net of allowance for doubtful accounts |  |                   |   |  |                   |   |  |                   |  | 124                |   |  |                   |   |  | 64                  |   |  | 96                 |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Restricted cash                                             |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Cash and cash equivalents                                   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|                                                            |  | 19,780             |   |  |                   |   |  |                   |  | 24,421             |   |  | 61,076             |   |  | 7,078               |   |  | 31,431             |   |  | 30,301              |   |  | 27,082             |   |  | 11,439             |  |                    |  | 3,414              
|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|Liabilities and Partners capital                           |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|Debt                                                        |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  | 33                 |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Notes payable to MeriStar Hospitality Corporation           |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Accounts payable and accrued expenses                       |  | 211                |   |  |                   |   |  |                   |  | (21                | ) |  | (20                | ) |  | 5                   |   |  | (7                 | ) |  | (4                  | ) |  | 61                 |   |  |                   |  |                    |  |                   
|Accrued interest                                            |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Due to Interstate Hotels & Resorts                          |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Other liabilities                                           |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|Total liabilities                                           |  | 211                |   |  |                   |   |  |                   |  | (21                | ) |  | (20                | ) |  | 5                   |   |  | 26                 |   |  | (4                  | ) |  | 61                 |   |  |                   |  |                    |  |                   
|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|Minority interests                                          |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Redeemable OP units at redemption value                     |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |  |                    |  |                   
|Partners capital                                           |  | 19,569             |   |  |                   |   |  |                   |  | 24,442             |   |  | 61,096             |   |  | 7,073               |   |  | 31,405             |   |  | 30,305              |   |  | 27,021             |   |  | 11,439             |  |                    |  | 3,414              
|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    
|                                                            |  | 19,780             |   |  |                   |   |  |                   |  | 24,421             |   |  | 61,076             |   |  | 7,078               |   |  | 31,431             |   |  | 30,301              |   |  | 27,082             |   |  | 11,439             |  |                    |  | 3,414              
|                                                            |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |  |                     |  |                    



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)



|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|----------------------------------------------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | -------------------------- | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | --------------------- | - |  | ------------------
|                                                            |  | MeriStarSub 7E,LLC |   |  | MeriStarSub 3D,LLC |   |  | MeriStarSub 1A,LLC |   |  | MeriStarSub 7AJointVenture |   |  | MeriStarSub 2B,LLC |  | MeriStarSub 3A,LLC |  | MeriStarSub 4A,LLC |  | MeriStarSub 4D,LLC |  | MeriStarSub 2A,LLC |  | MeriStarSub 6L,LLC |  | MDVLimitedPartnership |   |  | MeriStarSub 5C,LLC
|Assets                                                      |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|Property and equipment                                      |  | 20,118             |   |  | 22,986             |   |  | 5,500              |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 3,955                 |   |  |                  
|Accumulated depreciation                                    |  | (3,974             | ) |  | (7,740             | ) |  | (2                 | ) |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | (840                  | ) |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|                                                            |  | 16,144             |   |  | 15,246             |   |  | 5,498              |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 3,115                 |   |  |                  
|Assets held for sale                                        |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Investments in and advances to unconsolidated affiliates    |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Due to/from subsidiaries                                    |  | 6,024              |   |  | 9,411              |   |  | 8,518              |   |  | 9,944                      |   |  |                   |  | 4,976              |  | 7,612              |  |                   |  |                   |  | 20,297             |  | 2,879                 |   |  |                  
|Note receivable from subsidiaries                           |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Prepaid expenses and other assets                           |  | (22                | ) |  | (43                | ) |  | (96                | ) |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | (24                   | ) |  |                  
|Insurance claim receivable                                  |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Accounts receivable, net of allowance for doubtful accounts |  |                   |   |  |                   |   |  |                   |   |  | (44                        | ) |  |                   |  |                   |  |                   |  |                   |  |                   |  | 178                |  |                      |   |  |                  
|Restricted cash                                             |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Cash and cash equivalents                                   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|                                                            |  | 22,146             |   |  | 24,614             |   |  | 13,920             |   |  | 9,900                      |   |  |                   |  | 4,976              |  | 7,612              |  |                   |  |                   |  | 20,475             |  | 5,970                 |   |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|Liabilities and Partners capital                           |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|Debt                                                        |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Notes payable to MeriStar Hospitality Corporation           |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Accounts payable and accrued expenses                       |  | 88                 |   |  |                   |   |  | 2                  |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 75                    |   |  |                  
|Accrued interest                                            |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Due to Interstate Hotels & Resorts                          |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Other liabilities                                           |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|Total liabilities                                           |  | 88                 |   |  |                   |   |  | 2                  |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 75                    |   |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|Minority interests                                          |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Redeemable OP units at redemption value                     |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |   |  |                  
|Partners capital                                           |  | 22,058             |   |  | 24,614             |   |  | 13,918             |   |  | 9,900                      |   |  |                   |  | 4,976              |  | 7,612              |  |                   |  |                   |  | 20,475             |  | 5,895                 |   |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   
|                                                            |  | 22,146             |   |  | 24,614             |   |  | 13,920             |   |  | 9,900                      |   |  |                   |  | 4,976              |  | 7,612              |  |                   |  |                   |  | 20,475             |  | 5,970                 |   |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |   |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)



|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|----------------------------------------------------------- |  | ------------------ | - |  | ------------------- | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------ |  | ------------------
|                                                            |  | MeriStarSub 6J,LLC |   |  | MeriStarSub 1D,L.P. |   |  | MeriStarSub 7B,L.P. |   |  | MeriStarSub 7D,LLC |   |  | MeriStarSub 7G,LLC |  | MeriStarSub 6B,LLC |   |  | MeriStarSub 4I,L.P. |  | MeriStarSub 5D,LLC |   |  | MeriStarSub 5H,LLC |  | MeriStarSub 7H,LLC |  | AGHPSSI,Inc. |  | MeriStarSub 2D,LLC
|Assets                                                      |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|Property and equipment                                      |  | 19,976             |   |  | 69,500              |   |  |                    |   |  | 55,081             |   |  |                   |  | 11,877             |   |  |                    |  | 42,467             |   |  |                   |  |                   |  |             |  |                  
|Accumulated depreciation                                    |  | (4,320             | ) |  | (14,321             | ) |  |                    |   |  | (11,258            | ) |  |                   |  | (2,636             | ) |  |                    |  | (9,533             | ) |  |                   |  |                   |  |             |  |                  
|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|                                                            |  | 15,656             |   |  | 55,179              |   |  |                    |   |  | 43,823             |   |  |                   |  | 9,241              |   |  |                    |  | 32,934             |   |  |                   |  |                   |  |             |  |                  
|Assets held for sale                                        |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Investments in and advances to unconsolidated affiliates    |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  | 51,368             |   |  |                   |  |                   |  |             |  |                  
|Due to/from subsidiaries                                    |  | 9,835              |   |  | 22,849              |   |  | (262                | ) |  | 26,640             |   |  | 2,370              |  | 2,976              |   |  |                    |  | (6,151             | ) |  |                   |  |                   |  |             |  |                  
|Note receivable from subsidiaries                           |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Prepaid expenses and other assets                           |  | (6                 | ) |  | (550                | ) |  |                    |   |  | 46                 |   |  |                   |  | (14                | ) |  |                    |  | (77                | ) |  |                   |  |                   |  |             |  |                  
|Insurance claim receivable                                  |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Accounts receivable, net of allowance for doubtful accounts |  |                   |   |  |                    |   |  |                    |   |  | 1,169              |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Restricted cash                                             |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Cash and cash equivalents                                   |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|                                                            |  | 25,485             |   |  | 77,478              |   |  | (262                | ) |  | 71,678             |   |  | 2,370              |  | 12,203             |   |  |                    |  | 78,074             |   |  |                   |  |                   |  |             |  |                  
|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|Liabilities and Partners capital                           |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|Debt                                                        |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  | 24,000             |   |  |                   |  |                   |  |             |  |                  
|Notes payable to MeriStar Hospitality Corporation           |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Accounts payable and accrued expenses                       |  | 59                 |   |  |                    |   |  |                    |   |  | 2,381              |   |  |                   |  | (125               | ) |  |                    |  | 165                |   |  |                   |  |                   |  |             |  |                  
|Accrued interest                                            |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Due to Interstate Hotels & Resorts                          |  |                   |   |  |                    |   |  |                    |   |  | (200               | ) |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Other liabilities                                           |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|Total liabilities                                           |  | 59                 |   |  |                    |   |  |                    |   |  | 2,181              |   |  |                   |  | (125               | ) |  |                    |  | 24,165             |   |  |                   |  |                   |  |             |  |                  
|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|Minority interests                                          |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Redeemable OP units at redemption value                     |  |                   |   |  |                    |   |  |                    |   |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |  |             |  |                  
|Partners capital                                           |  | 25,426             |   |  | 77,478              |   |  | (262                | ) |  | 69,497             |   |  | 2,370              |  | 12,328             |   |  |                    |  | 53,909             |   |  |                   |  |                   |  |             |  |                  
|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   
|                                                            |  | 25,485             |   |  | 77,478              |   |  | (262                | ) |  | 71,678             |   |  | 2,370              |  | 12,203             |   |  |                    |  | 78,074             |   |  |                   |  |                   |  |             |  |                  
|                                                            |  |                    |   |  |                     |   |  |                     |   |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |  |              |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)



|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|----------------------------------------------------------- |  | ------------------- | - |  | ------------------ |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------- | - |  | ------------------ |  | ------------------- | - |  | ------------------ | - |  | ------------------ | -
|                                                            |  | MeriStarSub 4F,L.P. |   |  | MeriStarSub 5K,LLC |  | MeriStarSub 5M,LLC |   |  | MeriStarSub 1E,L.P. |  | MeriStarSub 5O,LLC |   |  | MeriStarSub 4B,L.P. |  | MeriStarSub 2C,LLC |   |  | MeriStarSub 4G,L.P. |   |  | MeriStarSub 3B,LLC |  | MeriStarSub 5G,L.P. |   |  | MeriStarSub 5N,LLC |   |  | MeriStarSub 5P,LLC |  
|Assets                                                      |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|Property and equipment                                      |  | 35,341              |   |  |                   |  | 18,969             |   |  |                    |  | 7,263              |   |  |                    |  |                   |   |  |                    |   |  |                   |  | 168,827             |   |  | 3,580              |   |  | 39                 |  
|Accumulated depreciation                                    |  | (6,923              | ) |  |                   |  | (1,607             | ) |  |                    |  | (844               | ) |  |                    |  |                   |   |  | (1                  | ) |  |                   |  | (35,721             | ) |  | (448               | ) |  | (28                | )
|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|                                                            |  | 28,418              |   |  |                   |  | 17,362             |   |  |                    |  | 6,419              |   |  |                    |  |                   |   |  | (1                  | ) |  |                   |  | 133,106             |   |  | 3,132              |   |  | 11                 |  
|Assets held for sale                                        |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Investments in and advances to unconsolidated affiliates    |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Due to/from subsidiaries                                    |  | 4,108               |   |  | 21,531             |  | 10,741             |   |  |                    |  | 4,524              |   |  | 1,728               |  | (2,360             | ) |  | 16,930              |   |  |                   |  | 45,208              |   |  | 4,988              |   |  | 3,724              |  
|Note receivable from subsidiaries                           |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Prepaid expenses and other assets                           |  | (10                 | ) |  |                   |  | (118               | ) |  |                    |  | (39                | ) |  |                    |  |                   |   |  |                    |   |  |                   |  | (394                | ) |  | (45                | ) |  | (10                | )
|Insurance claim receivable                                  |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Accounts receivable, net of allowance for doubtful accounts |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  | 38                 |  
|Restricted cash                                             |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Cash and cash equivalents                                   |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|                                                            |  | 32,516              |   |  | 21,531             |  | 27,985             |   |  |                    |  | 10,904             |   |  | 1,728               |  | (2,360             | ) |  | 16,929              |   |  |                   |  | 177,920             |   |  | 8,075              |   |  | 3,763              |  
|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|Liabilities and Partners capital                           |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|Debt                                                        |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Notes payable to MeriStar Hospitality Corporation           |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Accounts payable and accrued expenses                       |  | 334                 |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  | 4                  |   |  |                   |  
|Accrued interest                                            |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Due to Interstate Hotels & Resorts                          |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Other liabilities                                           |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|Total liabilities                                           |  | 334                 |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  | 4                  |   |  |                   |  
|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|Minority interests                                          |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Redeemable OP units at redemption value                     |  |                    |   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                   |  
|Partners capital                                           |  | 32,182              |   |  | 21,531             |  | 27,985             |   |  |                    |  | 10,904             |   |  | 1,728               |  | (2,360             | ) |  | 16,929              |   |  |                   |  | 177,920             |   |  | 8,071              |   |  | 3,763              |  
|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  
|                                                            |  | 32,516              |   |  | 21,531             |  | 27,985             |   |  |                    |  | 10,904             |   |  | 1,728               |  | (2,360             | ) |  | 16,929              |   |  |                   |  | 177,920             |   |  | 8,075              |   |  | 3,763              |  
|                                                            |  |                     |   |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                    |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)



|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|----------------------------------------------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ---------------------------- |  | ------------------------------ |  | ------------------
|                                                            |  | MeriStarSub 5J,LLC |   |  | MeriStarSub 5Q,LLC |   |  | MeriStarSub 5A,LLC |   |  | MeriStarSub 8D,LLC |  | MeriStarSub 4J,LLC |   |  | MeriStarSub 6K,LLC |  | MeriStarSub 5E,LLC |  | MeriStarSub 6I,LLC |  | MeriStarSub 5I,LLC |  | CapStarCherryHillCompany,LLC |  | MeristarAcquisitionCompany,LLC |  | MeriStarSub 6A,LLC
|Assets                                                      |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Property and equipment                                      |  | 79,579             |   |  | 13,980             |   |  | 37,074             |   |  |                   |  | 41,862             |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Accumulated depreciation                                    |  | (14,819            | ) |  | (2,312             | ) |  | (11,767            | ) |  |                   |  | (8,398             | ) |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|                                                            |  | 64,760             |   |  | 11,668             |   |  | 25,307             |   |  |                   |  | 33,464             |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Assets held for sale                                        |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Investments in and advances to unconsolidated affiliates    |  |                   |   |  |                   |   |  | 4,627              |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Due to/from subsidiaries                                    |  | 51,127             |   |  | 8,187              |   |  | 8,010              |   |  | 16,379             |  | 6,370              |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Note receivable from subsidiaries                           |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Prepaid expenses and other assets                           |  | (769               | ) |  | (137               | ) |  | (78                | ) |  |                   |  | (51                | ) |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Insurance claim receivable                                  |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Accounts receivable, net of allowance for doubtful accounts |  |                   |   |  |                   |   |  |                   |   |  | 359                |  | (14                | ) |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Restricted cash                                             |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Cash and cash equivalents                                   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|                                                            |  | 115,118            |   |  | 19,718             |   |  | 37,866             |   |  | 16,738             |  | 39,769             |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Liabilities and Partners capital                           |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Debt                                                        |  |                   |   |  |                   |   |  | 23,609             |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Notes payable to MeriStar Hospitality Corporation           |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Accounts payable and accrued expenses                       |  | 126                |   |  | (18                | ) |  | 114                |   |  |                   |  | 152                |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Accrued interest                                            |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Due to Interstate Hotels & Resorts                          |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Other liabilities                                           |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Total liabilities                                           |  | 126                |   |  | (18                | ) |  | 23,723             |   |  |                   |  | 152                |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Minority interests                                          |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Redeemable OP units at redemption value                     |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Partners capital                                           |  | 114,992            |   |  | 19,736             |   |  | 14,143             |   |  | 16,738             |  | 39,617             |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|                                                            |  | 115,118            |   |  | 19,718             |   |  | 37,866             |   |  | 16,738             |  | 39,769             |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                            |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)



|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|----------------------------------------------------------- |  | ------------------- |  | -------------------------- | - |  | -------------------------- | - |  | ------------------------- | - |  | ----------------- | -
|                                                            |  | MeriStar Sub6F, LLC |  | MeriStar HotelLessee, Inc. |   |  | GuarantorSubsidiariesTotal |   |  | ConsolidationEliminations |   |  | TotalConsolidated |  
|Assets                                                      |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|Property and equipment                                      |  |                    |  | 3,316                      |   |  | 989,203                    |   |  |                          |   |  | 2,581,720         |  
|Accumulated depreciation                                    |  |                    |  | (3,384                     | ) |  | (201,860                   | ) |  |                          |   |  | (506,632          | )
|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|                                                            |  |                    |  | (68                        | ) |  | 787,343                    |   |  |                          |   |  | 2,075,088         |  
|Assets held for sale                                        |  |                    |  |                           |   |  |                           |   |  |                          |   |  |                  |  
|Investments in and advances to unconsolidated affiliates    |  |                    |  | 42,290                     |   |  | 101,421                    |   |  | (2,526,603                | ) |  | 84,796            |  
|Due to/from subsidiaries                                    |  |                    |  | 40,158                     |   |  | 524,066                    |   |  |                          |   |  |                  |  
|Note receivable from subsidiaries                           |  |                    |  |                           |   |  |                           |   |  | (221,704                  | ) |  |                  |  
|Prepaid expenses and other assets                           |  |                    |  | 9,661                      |   |  | 6,318                      |   |  |                          |   |  | 34,230            |  
|Insurance claim receivable                                  |  |                    |  |                           |   |  |                           |   |  |                          |   |  | 76,056            |  
|Accounts receivable, net of allowance for doubtful accounts |  |                    |  | 30,134                     |   |  | 32,104                     |   |  | (9,414                    | ) |  | 32,979            |  
|Restricted cash                                             |  |                    |  | 1,313                      |   |  | 1,313                      |   |  |                          |   |  | 58,413            |  
|Cash and cash equivalents                                   |  |                    |  | 19,309                     |   |  | 19,309                     |   |  |                          |   |  | 60,533            |  
|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|                                                            |  |                    |  | 142,797                    |   |  | 1,471,874                  |   |  | (2,757,721                | ) |  | 2,422,095         |  
|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|Liabilities and Partners capital                           |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|Debt                                                        |  |                    |  | 174,095                    |   |  | 221,737                    |   |  | (221,704                  | ) |  | 1,369,299         |  
|Notes payable to MeriStar Hospitality Corporation           |  |                    |  |                           |   |  |                           |   |  |                          |   |  | 203,977           |  
|Accounts payable and accrued expenses                       |  |                    |  | 47,802                     |   |  | 51,603                     |   |  |                          |   |  | 71,781            |  
|Accrued interest                                            |  |                    |  | 9,414                      |   |  | 9,414                      |   |  | (9,414                    | ) |  | 41,165            |  
|Due to Interstate Hotels & Resorts                          |  |                    |  | 10,652                     |   |  | 10,452                     |   |  |                          |   |  | 21,799            |  
|Other liabilities                                           |  |                    |  | 6,171                      |   |  | 6,171                      |   |  |                          |   |  | 11,553            |  
|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|Total liabilities                                           |  |                    |  | 248,134                    |   |  | 299,377                    |   |  | (231,118                  | ) |  | 1,719,574         |  
|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|Minority interests                                          |  |                    |  |                           |   |  |                           |   |  |                          |   |  | 2,418             |  
|Redeemable OP units at redemption value                     |  |                    |  |                           |   |  |                           |   |  |                          |   |  | 19,187            |  
|Partners capital                                           |  |                    |  | (105,337                   | ) |  | 1,172,497                  |   |  | (2,526,603                | ) |  | 680,916           |  
|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  
|                                                            |  |                    |  | 142,797                    |   |  | 1,471,874                  |   |  | (2,757,721                | ) |  | 2,422,095         |  
|                                                            |  |                     |  |                            |   |  |                            |   |  |                           |   |  |                   |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|--------------------------------------------------------------------------- |  | --------------------------- | - |  | ------------------------- | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------- |  | ------------------- |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------
|                                                                            |  | MeriStarHospitalityOP, L.P. |   |  | Non-GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | MeriStarSub 8G,LLC |  | AGHUpreit,LLC |  | MeriStarSub 6H,L.P. |  | MeriStarSub 8F,L.P. |  | MeriStarSub 8B,LLC |  | MeriStarSub 1C,LLC |   |  | MeriStarSub 8E,LLC |   |  | MeriStarSub 7F,LLC |   |  | MeriStarSub 5L,LLC
|Revenue:                                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Hotel operations:                                                           |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Other hotel operations                                                      |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Office rental, parking and other revenue                                    |  | 51                          |   |  | 639                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  | 8                  |   |  |                   |   |  |                  
|Participating lease revenue                                                 |  | 2,865                       |   |  | 35,507                    |   |  |                   |  |                   |  |              |  | 309                 |  | 711                 |  | 1,934              |  | 265                |   |  | 385                |   |  | 362                |   |  | 189               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Total revenue                                                               |  | 2,916                       |   |  | 36,146                    |   |  |                   |  |                   |  |              |  | 309                 |  | 711                 |  | 1,934              |  | 265                |   |  | 393                |   |  | 362                |   |  | 189               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Hotel operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Other hotel operating expenses                                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Office rental, parking and other expenses                                   |  |                            |   |  | 301                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Other operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|General and administrative, hotel                                           |  | 2                           |   |  | 21                        |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|General and administrative, corporate                                       |  | 3,968                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Property operating costs                                                    |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Depreciation and amortization                                               |  | 3,541                       |   |  | 14,131                    |   |  |                   |  |                   |  |              |  | 133                 |  | 152                 |  | 542                |  | 301                |   |  | 137                |   |  | 110                |   |  | 40                
|Property taxes, insurance and other                                         |  | 1,529                       |   |  | 4,813                     |   |  |                   |  |                   |  |              |  | 24                  |  | 227                 |  | 18                 |  | 161                |   |  | 40                 |   |  | 30                 |   |  | 41                
|Loss on asset impairments                                                   |  | 621                         |   |  | 34,181                    |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  | 1,580              |   |  |                   |   |  |                   |   |  |                  
|Contract termination costs                                                  |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Operating expenses                                                          |  | 9,661                       |   |  | 53,447                    |   |  |                   |  |                   |  |              |  | 157                 |  | 379                 |  | 560                |  | 2,042              |   |  | 177                |   |  | 140                |   |  | 81                
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  | 1,245                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Hurricane business interruption insurance gain                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Operating (loss) income                                                     |  | (5,500                      | ) |  | (17,301                   | ) |  |                   |  |                   |  |              |  | 152                 |  | 332                 |  | 1,374              |  | (1,777             | ) |  | 216                |   |  | 222                |   |  | 108               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Minority interest income                                                    |  | 34                          |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Interest expense, net                                                       |  | (14,353                     | ) |  | (10,068                   | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  | (11                | ) |  | (12                | ) |  |                  
|Loss on early extinguishments of debt                                       |  | (10,662                     | ) |  | (43,503                   | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Equity in income from consolidated entities                                 |  | (88,087                     | ) |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income before income taxes and discontinued operations               |  | (118,568                    | ) |  | (70,872                   | ) |  |                   |  |                   |  |              |  | 152                 |  | 332                 |  | 1,374              |  | (1,777             | ) |  | 205                |   |  | 210                |   |  | 108               
|Income tax expense                                                          |  | (16                         | ) |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income from continuing operations                                    |  | (118,584                    | ) |  | (70,872                   | ) |  |                   |  |                   |  |              |  | 152                 |  | 332                 |  | 1,374              |  | (1,777             | ) |  | 205                |   |  | 210                |   |  | 108               
|Discontinued operations:                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income from discontinued operations before income tax                |  | 461                         |   |  | (3,391                    | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Income tax (expense) benefit                                                |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income from discontinued operations                                  |  | 461                         |   |  | (3,391                    | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Net (loss) income                                                           |  | (118,123                    | ) |  | (74,263                   | ) |  |                   |  |                   |  |              |  | 152                 |  | 332                 |  | 1,374              |  | (1,777             | ) |  | 205                |   |  | 210                |   |  | 108               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|--------------------------------------------------------------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------- |  | ------------------ |  | ------------------ |  | ------------------- |  | -------------------
|                                                                            |  | MeriStarSub 3C,LLC |   |  | MeriStarSub 5R,LLC |  | MeriStarSub 8A,LLC |  | MeriStarSub 6D,LLC |  | MeriStarSub 6E,LLC |   |  | MeriStarSub 4E,L.P. |  | MeriStarSub 1B,LLC |   |  | MeriStarSub 5F,L.P. |  | MeriStarSub 6G,LLC |  | MeriStarSub 8C,LLC |  | MeriStarSub 4C,L.P. |  | MeriStarSub 4H,L.P.
|Revenue:                                                                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Hotel operations:                                                           |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Rooms                                                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Food and beverage                                                           |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Other hotel operations                                                      |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Office rental, parking and other revenue                                    |  | 1                  |   |  |                   |  |                   |  | 18                 |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Participating lease revenue                                                 |  | 411                |   |  |                   |  |                   |  | 678                |  | 1,740              |   |  |                    |  | 681                |   |  | 445                 |  | 1,019              |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Total revenue                                                               |  | 412                |   |  |                   |  |                   |  | 696                |  | 1,740              |   |  |                    |  | 681                |   |  | 445                 |  | 1,019              |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Hotel operating expenses:                                                   |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Rooms                                                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Food and beverage                                                           |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Other hotel operating expenses                                              |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Office rental, parking and other expenses                                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Other operating expenses:                                                   |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|General and administrative, hotel                                           |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  | 2                  |  |                   |  |                    |  |                   
|General and administrative, corporate                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Property operating costs                                                    |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Depreciation and amortization                                               |  | 154                |   |  |                   |  |                   |  | 110                |  | 416                |   |  |                    |  | 174                |   |  | 154                 |  | 173                |  |                   |  |                    |  |                   
|Property taxes, insurance and other                                         |  | 96                 |   |  |                   |  |                   |  | 78                 |  | 141                |   |  |                    |  | 47                 |   |  | 118                 |  | 100                |  |                   |  |                    |  |                   
|Loss on asset impairments                                                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Contract termination costs                                                  |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Operating expenses                                                          |  | 250                |   |  |                   |  |                   |  | 188                |  | 557                |   |  |                    |  | 221                |   |  | 272                 |  | 275                |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Hurricane business interruption insurance gain                              |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Operating (loss) income                                                     |  | 162                |   |  |                   |  |                   |  | 508                |  | 1,183              |   |  |                    |  | 460                |   |  | 173                 |  | 744                |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Minority interest income                                                    |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Interest expense, net                                                       |  | (21                | ) |  |                   |  |                   |  |                   |  | (532               | ) |  |                    |  | (41                | ) |  |                    |  |                   |  |                   |  |                    |  |                   
|Loss on early extinguishments of debt                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Equity in income from consolidated entities                                 |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income before income taxes and discontinued operations               |  | 141                |   |  |                   |  |                   |  | 508                |  | 651                |   |  |                    |  | 419                |   |  | 173                 |  | 744                |  |                   |  |                    |  |                   
|Income tax expense                                                          |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income from continuing operations                                    |  | 141                |   |  |                   |  |                   |  | 508                |  | 651                |   |  |                    |  | 419                |   |  | 173                 |  | 744                |  |                   |  |                    |  |                   
|Discontinued operations:                                                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income from discontinued operations before income tax                |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Income tax (expense) benefit                                                |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income from discontinued operations                                  |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Net (loss) income                                                           |  | 141                |   |  |                   |  |                   |  | 508                |  | 651                |   |  |                    |  | 419                |   |  | 173                 |  | 744                |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ | - |  | ------------------ |  | --------------------------- |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | --------------------- |  | ------------------
|                                                                            |  | MeriStarSub 7E,LLC |  | MeriStarSub 3D,LLC |   |  | MeriStarSub 1A,LLC |  | MeriStarSub 7A JointVenture |  | MeriStarSub 2B,LLC |  | MeriStarSub 3A,LLC |  | MeriStarSub 4A,LLC |  | MeriStarSub 4D,LLC |  | MeriStarSub 2A,LLC |  | MeriStarSub 6L,LLC |  | MDVLimitedPartnership |  | MeriStarSub 5C,LLC
|Revenue:                                                                    |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Hotel operations:                                                           |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Other hotel operations                                                      |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Office rental, parking and other revenue                                    |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Participating lease revenue                                                 |  | 358                |  | 436                |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 84                    |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Total revenue                                                               |  | 358                |  | 436                |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 84                    |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Hotel operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Other hotel operating expenses                                              |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Office rental, parking and other expenses                                   |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Other operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|General and administrative, hotel                                           |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|General and administrative, corporate                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Property operating costs                                                    |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Depreciation and amortization                                               |  | 158                |  | 158                |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 43                    |  |                  
|Property taxes, insurance and other                                         |  | 50                 |  | 48                 |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 32                    |  |                  
|Loss on asset impairments                                                   |  |                   |  | 3,961              |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Contract termination costs                                                  |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Operating expenses                                                          |  | 208                |  | 4,167              |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 75                    |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Hurricane business interruption insurance gain                              |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Operating (loss) income                                                     |  | 150                |  | (3,731             | ) |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 9                     |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Minority interest income                                                    |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Interest expense, net                                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Loss on early extinguishments of debt                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Equity in income from consolidated entities                                 |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income before income taxes and discontinued operations               |  | 150                |  | (3,731             | ) |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 9                     |  |                  
|Income tax expense                                                          |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income from continuing operations                                    |  | 150                |  | (3,731             | ) |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 9                     |  |                  
|Discontinued operations:                                                    |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |   |  | 42                 |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Income tax (expense) benefit                                                |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income from discontinued operations                                  |  |                   |  |                   |   |  | 42                 |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Net (loss) income                                                           |  | 150                |  | (3,731             | ) |  | 42                 |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 9                     |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------- | - |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------
|                                                                            |  | MeriStarSub 6J,LLC |  | MeriStarSub 1D,L.P. |   |  | MeriStarSub 7B,L.P. |  | MeriStarSub 7D,LLC |   |  | MeriStarSub 7G,LLC |  | MeriStarSub 6B,LLC |  | MeriStarSub 4I,L.P. |  | MeriStarSub 5D,LLC |   |  | MeriStarSub 5H,LLC |  | MeriStarSub 7H,LLC |  | AGHPSS I,Inc. |  | MeriStarSub 2D,LLC
|Revenue:                                                                    |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Hotel operations:                                                           |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Rooms                                                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Food and beverage                                                           |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Other hotel operations                                                      |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Office rental, parking and other revenue                                    |  |                   |  | 95                  |   |  |                    |  | 854                |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Participating lease revenue                                                 |  | 782                |  | 1,731               |   |  |                    |  | 1,516              |   |  |                   |  | 354                |  |                    |  | 428                |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Total revenue                                                               |  | 782                |  | 1,826               |   |  |                    |  | 2,370              |   |  |                   |  | 354                |  |                    |  | 428                |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Hotel operating expenses:                                                   |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Rooms                                                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Food and beverage                                                           |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Other hotel operating expenses                                              |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Office rental, parking and other expenses                                   |  |                   |  | 37                  |   |  |                    |  | 458                |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Other operating expenses:                                                   |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|General and administrative, hotel                                           |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|General and administrative, corporate                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Property operating costs                                                    |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Depreciation and amortization                                               |  | 120                |  | 508                 |   |  |                    |  | 365                |   |  |                   |  | 93                 |  |                    |  | 306                |   |  |                   |  |                   |  |              |  |                  
|Property taxes, insurance and other                                         |  | 76                 |  | 381                 |   |  |                    |  | 552                |   |  |                   |  | 70                 |  |                    |  | (30                | ) |  |                   |  |                   |  |              |  |                  
|Loss on asset impairments                                                   |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Contract termination costs                                                  |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Operating expenses                                                          |  | 196                |  | 926                 |   |  |                    |  | 1,375              |   |  |                   |  | 163                |  |                    |  | 276                |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Hurricane business interruption insurance gain                              |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Operating (loss) income                                                     |  | 586                |  | 900                 |   |  |                    |  | 995                |   |  |                   |  | 191                |  |                    |  | 152                |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Minority interest income                                                    |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Interest expense, net                                                       |  |                   |  | (58                 | ) |  |                    |  | (46                | ) |  |                   |  |                   |  |                    |  | (424               | ) |  |                   |  |                   |  |              |  |                  
|Loss on early extinguishments of debt                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Equity in income from consolidated entities                                 |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|(Loss) income before income taxes and discontinued operations               |  | 586                |  | 842                 |   |  |                    |  | 949                |   |  |                   |  | 191                |  |                    |  | (272               | ) |  |                   |  |                   |  |              |  |                  
|Income tax expense                                                          |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|(Loss) income from continuing operations                                    |  | 586                |  | 842                 |   |  |                    |  | 949                |   |  |                   |  | 191                |  |                    |  | (272               | ) |  |                   |  |                   |  |              |  |                  
|Discontinued operations:                                                    |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|(Loss) income from discontinued operations before income tax                |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|Income tax (expense) benefit                                                |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|(Loss) income from discontinued operations                                  |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   
|Net (loss) income                                                           |  | 586                |  | 842                 |   |  |                    |  | 949                |   |  |                   |  | 191                |  |                    |  | (272               | ) |  |                   |  |                   |  |              |  |                  
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|--------------------------------------------------------------------------- |  | ------------------- |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------
|                                                                            |  | MeriStarSub 4F,L.P. |  | MeriStarSub 5K,LLC |  | MeriStarSub 5M,LLC |  | MeriStarSub 1E,L.P. |  | MeriStarSub 5O,LLC |  | MeriStarSub 4B,L.P. |  | MeriStarSub 2C,LLC |  | MeriStarSub 4G,L.P. |  | MeriStarSub 3B,LLC |  | MeriStarSub 5G,L.P. |  | MeriStarSub 5N,LLC |  | MeriStarSub 5P,LLC
|Revenue:                                                                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Hotel operations:                                                           |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Rooms                                                                       |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Food and beverage                                                           |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Other hotel operations                                                      |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Office rental, parking and other revenue                                    |  | 7                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  | 11                  |  |                   |  |                  
|Participating lease revenue                                                 |  | 510                 |  |                   |  | 386                |  |                    |  | 157                |  |                    |  |                   |  |                    |  |                   |  | 2,092               |  | 206                |  | 376               
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Total revenue                                                               |  | 517                 |  |                   |  | 386                |  |                    |  | 157                |  |                    |  |                   |  |                    |  |                   |  | 2,103               |  | 206                |  | 376               
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Hotel operating expenses:                                                   |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Rooms                                                                       |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Food and beverage                                                           |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Other hotel operating expenses                                              |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Office rental, parking and other expenses                                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Other operating expenses:                                                   |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|General and administrative, hotel                                           |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|General and administrative, corporate                                       |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Property operating costs                                                    |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Depreciation and amortization                                               |  | 293                 |  |                   |  | 62                 |  |                    |  | 32                 |  |                    |  |                   |  |                    |  |                   |  | 1,467               |  | 17                 |  | 1                 
|Property taxes, insurance and other                                         |  | 1                   |  |                   |  | 79                 |  |                    |  | 28                 |  |                    |  |                   |  |                    |  |                   |  | 476                 |  | 38                 |  | 2                 
|Loss on asset impairments                                                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Contract termination costs                                                  |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Operating expenses                                                          |  | 294                 |  |                   |  | 141                |  |                    |  | 60                 |  |                    |  |                   |  |                    |  |                   |  | 1,943               |  | 55                 |  | 3                 
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Hurricane business interruption insurance gain                              |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Operating (loss) income                                                     |  | 223                 |  |                   |  | 245                |  |                    |  | 97                 |  |                    |  |                   |  |                    |  |                   |  | 160                 |  | 151                |  | 373               
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Minority interest income                                                    |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Interest expense, net                                                       |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Loss on early extinguishments of debt                                       |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Equity in income from consolidated entities                                 |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|(Loss) income before income taxes and discontinued operations               |  | 223                 |  |                   |  | 245                |  |                    |  | 97                 |  |                    |  |                   |  |                    |  |                   |  | 160                 |  | 151                |  | 373               
|Income tax expense                                                          |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|(Loss) income from continuing operations                                    |  | 223                 |  |                   |  | 245                |  |                    |  | 97                 |  |                    |  |                   |  |                    |  |                   |  | 160                 |  | 151                |  | 373               
|Discontinued operations:                                                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|(Loss) income from discontinued operations before income tax                |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|Income tax (expense) benefit                                                |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|(Loss) income from discontinued operations                                  |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                  
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   
|Net (loss) income                                                           |  | 223                 |  |                   |  | 245                |  |                    |  | 97                 |  |                    |  |                   |  |                    |  |                   |  | 160                 |  | 151                |  | 373               
|                                                                            |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|--------------------------------------------------------------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------------------ |  | ------------------------------- |  | ------------------
|                                                                            |  | MeriStarSub 5J,LLC |   |  | MeriStarSub 5Q,LLC |  | MeriStarSub 5A,LLC |   |  | MeriStarSub 8D,LLC |  | MeriStarSub 4J,LLC |   |  | MeriStarSub 6K,LLC |  | MeriStarSub 5E,LLC |  | MeriStarSub 6I,LLC |  | MeriStarSub 5I,LLC |  | CapStarCherry HillCompany, LLC |  | MeristarAcquisitionCompany, LLC |  | MeriStarSub 6A,LLC
|Revenue:                                                                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Hotel operations:                                                           |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Rooms                                                                       |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Food and beverage                                                           |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Other hotel operations                                                      |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Office rental, parking and other revenue                                    |  |                   |   |  |                   |  | 20                 |   |  |                   |  | 54                 |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Participating lease revenue                                                 |  |                   |   |  | 434                |  | 1,841              |   |  |                   |  | 729                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Total revenue                                                               |  |                   |   |  | 434                |  | 1,861              |   |  |                   |  | 783                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Hotel operating expenses:                                                   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Rooms                                                                       |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Food and beverage                                                           |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Other hotel operating expenses                                              |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Office rental, parking and other expenses                                   |  |                   |   |  |                   |  |                   |   |  |                   |  | 149                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Other operating expenses:                                                   |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|General and administrative, hotel                                           |  | 1                  |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|General and administrative, corporate                                       |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Property operating costs                                                    |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Depreciation and amortization                                               |  | 910                |   |  | 108                |  | 275                |   |  |                   |  | 335                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Property taxes, insurance and other                                         |  |                   |   |  |                   |  | 180                |   |  |                   |  | 86                 |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Loss on asset impairments                                                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Contract termination costs                                                  |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Operating expenses                                                          |  | 911                |   |  | 108                |  | 455                |   |  |                   |  | 570                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Hurricane business interruption insurance gain                              |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Operating (loss) income                                                     |  | (911               | ) |  | 326                |  | 1,406              |   |  |                   |  | 213                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Minority interest income                                                    |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Interest expense, net                                                       |  |                   |   |  |                   |  | (708               | ) |  |                   |  | (33                | ) |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Loss on early extinguishments of debt                                       |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Equity in income from consolidated entities                                 |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|(Loss) income before income taxes and discontinued operations               |  | (911               | ) |  | 326                |  | 698                |   |  |                   |  | 180                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Income tax expense                                                          |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|(Loss) income from continuing operations                                    |  | (911               | ) |  | 326                |  | 698                |   |  |                   |  | 180                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Discontinued operations:                                                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|(Loss) income from discontinued operations before income tax                |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|Income tax (expense) benefit                                                |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|(Loss) income from discontinued operations                                  |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   
|Net (loss) income                                                           |  | (911               | ) |  | 326                |  | 698                |   |  |                   |  | 180                |   |  |                   |  |                   |  |                   |  |                   |  |                               |  |                                |  |                  
|                                                                            |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                                |  |                                 |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------------- | - |  | -------------------------- | - |  | ------------------------- | - |  | ----------------- | -
|                                                                            |  | MeriStarSub 6F,LLC |  | MeriStarHotelLessee, Inc. |   |  | GuarantorSubsidiariesTotal |   |  | ConsolidationEliminations |   |  | TotalConsolidated |  
|Revenue:                                                                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operations:                                                           |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  | 130,674                   |   |  | 130,674                    |   |  |                          |   |  | 130,674           |  
|Food and beverage                                                           |  |                   |  | 48,035                    |   |  | 48,035                     |   |  |                          |   |  | 48,035            |  
|Other hotel operations                                                      |  |                   |  | 12,036                    |   |  | 12,036                     |   |  |                          |   |  | 12,036            |  
|Office rental, parking and other revenue                                    |  |                   |  | 150                       |   |  | 1,218                      |   |  |                          |   |  | 1,908             |  
|Participating lease revenue                                                 |  |                   |  |                          |   |  | 21,549                     |   |  | (59,921                   | ) |  |                  |  
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Total revenue                                                               |  |                   |  | 190,895                   |   |  | 213,512                    |   |  | (59,921                   | ) |  | 192,653           |  
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operating expenses:                                                   |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  | 33,041                    |   |  | 33,041                     |   |  |                          |   |  | 33,041            |  
|Food and beverage                                                           |  |                   |  | 36,323                    |   |  | 36,323                     |   |  |                          |   |  | 36,323            |  
|Other hotel operating expenses                                              |  |                   |  | 7,708                     |   |  | 7,708                      |   |  |                          |   |  | 7,708             |  
|Office rental, parking and other expenses                                   |  |                   |  |                          |   |  | 644                        |   |  |                          |   |  | 945               |  
|Other operating expenses:                                                   |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|General and administrative, hotel                                           |  |                   |  | 32,302                    |   |  | 32,305                     |   |  |                          |   |  | 32,328            |  
|General and administrative, corporate                                       |  |                   |  | 32                        |   |  | 32                         |   |  |                          |   |  | 4,000             |  
|Property operating costs                                                    |  |                   |  | 30,947                    |   |  | 30,947                     |   |  |                          |   |  | 30,947            |  
|Depreciation and amortization                                               |  |                   |  |                          |   |  | 7,847                      |   |  |                          |   |  | 25,519            |  
|Property taxes, insurance and other                                         |  |                   |  | 61,481                    |   |  | 64,671                     |   |  | (59,921                   | ) |  | 11,092            |  
|Loss on asset impairments                                                   |  |                   |  |                          |   |  | 5,541                      |   |  |                          |   |  | 40,343            |  
|Contract termination costs                                                  |  |                   |  | 1,081                     |   |  | 1,081                      |   |  |                          |   |  | 1,081             |  
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Operating expenses                                                          |  |                   |  | 202,915                   |   |  | 220,140                    |   |  | (59,921                   | ) |  | 223,327           |  
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  | 1,437                     |   |  | 1,437                      |   |  |                          |   |  | 2,682             |  
|Hurricane business interruption insurance gain                              |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|Operating (loss) income                                                     |  |                   |  | (10,583                   | ) |  | (5,191                     | ) |  |                          |   |  | (27,992           | )
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Minority interest income                                                    |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 34                |  
|Interest expense, net                                                       |  |                   |  | (3,845                    | ) |  | (5,731                     | ) |  |                          |   |  | (30,152           | )
|Loss on early extinguishments of debt                                       |  |                   |  |                          |   |  |                           |   |  |                          |   |  | (54,165           | )
|Equity in income from consolidated entities                                 |  |                   |  |                          |   |  |                           |   |  | 88,087                    |   |  |                  |  
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income before income taxes and discontinued operations               |  |                   |  | (14,428                   | ) |  | (10,922                    | ) |  | 88,087                    |   |  | (112,275          | )
|Income tax expense                                                          |  |                   |  |                          |   |  |                           |   |  |                          |   |  | (16               | )
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from continuing operations                                    |  |                   |  | (14,428                   | ) |  | (10,922                    | ) |  | 88,087                    |   |  | (112,291          | )
|Discontinued operations:                                                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations before income tax                |  |                   |  | (2,944                    | ) |  | (2,902                     | ) |  |                          |   |  | (5,832            | )
|Income tax (expense) benefit                                                |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations                                  |  |                   |  | (2,944                    | ) |  | (2,902                     | ) |  |                          |   |  | (5,832            | )
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Net (loss) income                                                           |  |                   |  | (17,372                   | ) |  | (13,824                    | ) |  | 88,087                    |   |  | (118,123          | )
|                                                                            |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|--------------------------------------------------------------------------- |  | --------------------------- | - |  | ------------------------- | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------- |  | ------------------- |  | ------------------ | - |  | ------------------- | - |  | ------------------ |  | ------------------
|                                                                            |  | MeriStarHospitality OP,L.P. |   |  | Non-GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | MeriStarSub 8G,LLC |  | AGHUpreit,LLC |  | MeriStarSub 6H,L.P. |  | MeriStarSub 8F,L.P. |  | MeriStarSub 8B,LLC |   |  | MeriStar Sub 1C,LLC |   |  | MeriStarSub 8E,LLC |  | MeriStarSub 7F,LLC
|Revenue:                                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Hotel operations:                                                           |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Other hotel operations                                                      |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Office rental, parking and other revenue                                    |  | (90                         | ) |  | 669                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  | 7                  |  |                  
|Participating lease revenue                                                 |  | 6,560                       |   |  | 34,404                    |   |  |                   |  |                   |  |              |  | 321                 |  | 601                 |  | 1,864              |   |  | 162                 |   |  | 372                |  | 208               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Total revenue                                                               |  | 6,470                       |   |  | 35,073                    |   |  |                   |  |                   |  |              |  | 321                 |  | 601                 |  | 1,864              |   |  | 162                 |   |  | 379                |  | 208               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Hotel operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Other hotel operating expenses                                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Office rental, parking and other expenses                                   |  |                            |   |  | 282                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Other operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|General and administrative, hotel                                           |  |                            |   |  | 9                         |   |  |                   |  |                   |  |              |  |                    |  |                    |  | (2,612             | ) |  |                    |   |  |                   |  |                  
|General and administrative, corporate                                       |  | 2,462                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Property operating costs                                                    |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Depreciation and amortization                                               |  | 3,289                       |   |  | 12,454                    |   |  |                   |  |                   |  |              |  | 157                 |  | 164                 |  | 618                |   |  | 345                 |   |  | 149                |  | 73                
|Property taxes, insurance and other                                         |  | 4,907                       |   |  | 4,660                     |   |  |                   |  |                   |  |              |  | 25                  |  | 167                 |  | 280                |   |  | 149                 |   |  | 53                 |  | 32                
|Contract termination costs                                                  |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Loss on asset impairments                                                   |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Operating expenses                                                          |  | 10,658                      |   |  | 17,405                    |   |  |                   |  |                   |  |              |  | 182                 |  | 331                 |  | (1,714             | ) |  | 494                 |   |  | 202                |  | 105               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  | 1,600                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Hurricane business interruption insurance gain                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Operating income (loss)                                                     |  | (2,588                      | ) |  | 17,668                    |   |  |                   |  |                   |  |              |  | 139                 |  | 270                 |  | 3,578              |   |  | (332                | ) |  | 177                |  | 103               
|Minority interest income                                                    |  | 40                          |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Interest expense, net                                                       |  | (18,354                     | ) |  | (9,324                    | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Loss on early extinguishments of debt                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Equity in income from consolidated entities                                 |  | (6,806                      | ) |  | (62                       | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|(Loss) income before income taxes and discontinued operations               |  | (27,708                     | ) |  | 8,282                     |   |  |                   |  |                   |  |              |  | 139                 |  | 270                 |  | 3,578              |   |  | (332                | ) |  | 177                |  | 103               
|Income tax benefit                                                          |  | 218                         |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|(Loss) income from continuing operations                                    |  | (27,490                     | ) |  | 8,282                     |   |  |                   |  |                   |  |              |  | 139                 |  | 270                 |  | 3,578              |   |  | (332                | ) |  | 177                |  | 103               
|Discontinued operations:                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|(Loss) income from discontinued operations before income tax                |  | (74                         | ) |  | 791                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|Income tax (expense) benefit                                                |  | 26                          |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|(Loss) income from discontinued operations                                  |  | (48                         | ) |  | 791                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                    |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   
|Net (loss) income                                                           |  | (27,538                     | ) |  | 9,073                     |   |  |                   |  |                   |  |              |  | 139                 |  | 270                 |  | 3,578              |   |  | (332                | ) |  | 177                |  | 103               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                     |   |  |                    |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------ |  | -------------------
|                                                                            |  | MeriStarSub 5L,LLC |  | MeriStarSub 3C,LLC |  | MeriStarSub 5R,LLC |  | MeriStarSub 8A,LLC |  | MeriStarSub 6D,LLC |  | MeriStarSub 6E,LLC |  | MeriStarSub 4E,L.P. |  | MeriStarSub 1B,LLC |  | MeriStarSub 5F,L.P. |  | MeriStarSub 6G,LLC |  | MeriStarSub 8C,LLC |  | MeriStarSub 4C,L.P.
|Revenue:                                                                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Hotel operations:                                                           |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Rooms                                                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Food and beverage                                                           |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Other hotel operations                                                      |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Office rental, parking and other revenue                                    |  |                   |  | 1                  |  |                   |  |                   |  | 42                 |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Participating lease revenue                                                 |  | 104                |  | 414                |  |                   |  |                   |  | 447                |  | 1,563              |  |                    |  | 566                |  | 361                 |  | 769                |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Total revenue                                                               |  | 104                |  | 415                |  |                   |  |                   |  | 489                |  | 1,563              |  |                    |  | 566                |  | 361                 |  | 769                |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Rooms                                                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Food and beverage                                                           |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Other hotel operating expenses                                              |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Office rental, parking and other expenses                                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Other operating expenses:                                                   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|General and administrative, hotel                                           |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|General and administrative, corporate                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Property operating costs                                                    |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Depreciation and amortization                                               |  | 38                 |  | 177                |  |                   |  |                   |  | 106                |  | 382                |  |                    |  | 119                |  | 196                 |  | 182                |  |                   |  |                   
|Property taxes, insurance and other                                         |  | 38                 |  | 102                |  |                   |  |                   |  | 76                 |  | 141                |  |                    |  | 42                 |  | 89                  |  | 98                 |  |                   |  |                   
|Contract termination costs                                                  |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Loss on asset impairments                                                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Operating expenses                                                          |  | 76                 |  | 279                |  |                   |  |                   |  | 182                |  | 523                |  |                    |  | 161                |  | 285                 |  | 280                |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Operating income (loss)                                                     |  | 28                 |  | 136                |  |                   |  |                   |  | 307                |  | 1,040              |  |                    |  | 405                |  | 76                  |  | 489                |  |                   |  |                   
|Minority interest income                                                    |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Interest expense, net                                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|(Loss) income before income taxes and discontinued operations               |  | 28                 |  | 136                |  |                   |  |                   |  | 307                |  | 1,040              |  |                    |  | 405                |  | 76                  |  | 489                |  |                   |  |                   
|Income tax benefit                                                          |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|(Loss) income from continuing operations                                    |  | 28                 |  | 136                |  |                   |  |                   |  | 307                |  | 1,040              |  |                    |  | 405                |  | 76                  |  | 489                |  |                   |  |                   
|Discontinued operations:                                                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 260                 |  |                   |  |                    |  |                   |  |                   |  |                   
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 260                 |  |                   |  |                    |  |                   |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    
|Net (loss) income                                                           |  | 28                 |  | 136                |  |                   |  |                   |  | 307                |  | 1,040              |  | 260                 |  | 405                |  | 76                  |  | 489                |  |                   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                    |  |                    



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|--------------------------------------------------------------------------- |  | ------------------- |  | ------------------ |  | ------------------ |  | ------------------ | - |  | --------------------------- | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ---------------------
|                                                                            |  | MeriStarSub 4H,L.P. |  | MeriStarSub 7E,LLC |  | MeriStarSub 3D,LLC |  | MeriStarSub 1A,LLC |   |  | MeriStar Sub7A JointVenture |   |  | MeriStarSub 2B,LLC |  | MeriStarSub 3A,LLC |  | MeriStarSub 4A,LLC |  | MeriStarSub 4D,LLC |  | MeriStarSub 2A,LLC |  | MeriStarSub 6L,LLC |  | MDVLimitedPartnership
|Revenue:                                                                    |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Hotel operations:                                                           |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Rooms                                                                       |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Food and beverage                                                           |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Other hotel operations                                                      |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Office rental, parking and other revenue                                    |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Participating lease revenue                                                 |  |                    |  | 345                |  | 425                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 126                  
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Total revenue                                                               |  |                    |  | 345                |  | 425                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 126                  
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Hotel operating expenses:                                                   |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Rooms                                                                       |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Food and beverage                                                           |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Other hotel operating expenses                                              |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Office rental, parking and other expenses                                   |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Other operating expenses:                                                   |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|General and administrative, hotel                                           |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|General and administrative, corporate                                       |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Property operating costs                                                    |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Depreciation and amortization                                               |  |                    |  | 165                |  | 160                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 35                   
|Property taxes, insurance and other                                         |  |                    |  | 51                 |  | 61                 |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 35                   
|Contract termination costs                                                  |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Loss on asset impairments                                                   |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Operating expenses                                                          |  |                    |  | 216                |  | 221                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 70                   
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Hurricane business interruption insurance gain                              |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Operating income (loss)                                                     |  |                    |  | 129                |  | 204                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 56                   
|Minority interest income                                                    |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Interest expense, net                                                       |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Loss on early extinguishments of debt                                       |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Equity in income from consolidated entities                                 |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income before income taxes and discontinued operations               |  |                    |  | 129                |  | 204                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 56                   
|Income tax benefit                                                          |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income from continuing operations                                    |  |                    |  | 129                |  | 204                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 56                   
|Discontinued operations:                                                    |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income from discontinued operations before income tax                |  |                    |  |                   |  |                   |  | (591               | ) |  | (19                         | ) |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Income tax (expense) benefit                                                |  |                    |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income from discontinued operations                                  |  |                    |  |                   |  |                   |  | (591               | ) |  | (19                         | ) |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Net (loss) income                                                           |  |                    |  | 129                |  | 204                |  | (591               | ) |  | (19                         | ) |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 56                   
|                                                                            |  |                     |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | --------------
|                                                                            |  | MeriStarSub 5C,LLC |  | MeriStarSub 6J,LLC |  | MeriStarSub 1D,L.P. |  | MeriStarSub 7B,L.P. |  | MeriStarSub 7D,LLC |   |  | MeriStarSub 7G,LLC |  | MeriStarSub 6B,LLC |  | MeriStarSub 4I,L.P. |  | MeriStarSub 5D,LLC |   |  | MeriStarSub 5H,LLC |  | MeriStarSub 7H,LLC |  | AGH PSSI, Inc.
|Revenue:                                                                    |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Hotel operations:                                                           |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Rooms                                                                       |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Food and beverage                                                           |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Other hotel operations                                                      |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Office rental, parking and other revenue                                    |  |                   |  |                   |  | 78                  |  |                    |  | 637                |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Participating lease revenue                                                 |  |                   |  | 714                |  | 1,359               |  |                    |  | 1,448              |   |  |                   |  | 309                |  |                    |  | 596                |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Total revenue                                                               |  |                   |  | 714                |  | 1,437               |  |                    |  | 2,085              |   |  |                   |  | 309                |  |                    |  | 596                |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Rooms                                                                       |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Food and beverage                                                           |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Other hotel operating expenses                                              |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Office rental, parking and other expenses                                   |  |                   |  |                   |  | 28                  |  |                    |  | 251                |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Other operating expenses:                                                   |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|General and administrative, hotel                                           |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|General and administrative, corporate                                       |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Property operating costs                                                    |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Depreciation and amortization                                               |  |                   |  | 137                |  | 568                 |  |                    |  | 353                |   |  |                   |  | 111                |  |                    |  | 351                |   |  |                   |  |                   |  |              
|Property taxes, insurance and other                                         |  |                   |  | 74                 |  | 345                 |  |                    |  | (354               | ) |  |                   |  | 56                 |  |                    |  | 49                 |   |  |                   |  |                   |  |              
|Contract termination costs                                                  |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Loss on asset impairments                                                   |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Operating expenses                                                          |  |                   |  | 211                |  | 941                 |  |                    |  | 250                |   |  |                   |  | 167                |  |                    |  | 400                |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Operating income (loss)                                                     |  |                   |  | 503                |  | 496                 |  |                    |  | 1,835              |   |  |                   |  | 142                |  |                    |  | 196                |   |  |                   |  |                   |  |              
|Minority interest income                                                    |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Interest expense, net                                                       |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  | (356               | ) |  |                   |  |                   |  |              
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income before income taxes and discontinued operations               |  |                   |  | 503                |  | 496                 |  |                    |  | 1,835              |   |  |                   |  | 142                |  |                    |  | (160               | ) |  |                   |  |                   |  |              
|Income tax benefit                                                          |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income from continuing operations                                    |  |                   |  | 503                |  | 496                 |  |                    |  | 1,835              |   |  |                   |  | 142                |  |                    |  | (160               | ) |  |                   |  |                   |  |              
|Discontinued operations:                                                    |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  |                    |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Net (loss) income                                                           |  |                   |  | 503                |  | 496                 |  |                    |  | 1,835              |   |  |                   |  | 142                |  |                    |  | (160               | ) |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------- | - |  | ------------------ |  | ------------------- |  | ------------------
|                                                                            |  | MeriStarSub 2D,LLC |  | MeriStarSub 4F,L.P. |  | MeriStarSub 5K,LLC |  | MeriStarSub 5M,LLC |   |  | MeriStarSub 1E,L.P. |  | MeriStarSub 5O,LLC |   |  | MeriStarSub 4B,L.P. |  | MeriStarSub 2C,LLC |   |  | MeriStarSub 4G,L.P. |   |  | MeriStarSub 3B,LLC |  | MeriStarSub 5G,L.P. |  | MeriStarSub 5N,LLC
|Revenue:                                                                    |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Hotel operations:                                                           |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Rooms                                                                       |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Food and beverage                                                           |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Other hotel operations                                                      |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Office rental, parking and other revenue                                    |  |                   |  | 4                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  | 7                   |  |                  
|Participating lease revenue                                                 |  |                   |  | 492                 |  |                   |  | 158                |   |  |                    |  | 71                 |   |  |                    |  |                   |   |  |                    |   |  |                   |  | 2,379               |  | 72                
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Total revenue                                                               |  |                   |  | 496                 |  |                   |  | 158                |   |  |                    |  | 71                 |   |  |                    |  |                   |   |  |                    |   |  |                   |  | 2,386               |  | 72                
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Hotel operating expenses:                                                   |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Rooms                                                                       |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Food and beverage                                                           |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Other hotel operating expenses                                              |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Office rental, parking and other expenses                                   |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Other operating expenses:                                                   |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|General and administrative, hotel                                           |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|General and administrative, corporate                                       |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Property operating costs                                                    |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Depreciation and amortization                                               |  |                   |  | 276                 |  |                   |  | 118                |   |  |                    |  | 58                 |   |  |                    |  |                   |   |  |                    |   |  |                   |  | 1,594               |  | 35                
|Property taxes, insurance and other                                         |  |                   |  | 93                  |  |                   |  | 66                 |   |  |                    |  | 24                 |   |  |                    |  |                   |   |  |                    |   |  |                   |  | 391                 |  | 26                
|Contract termination costs                                                  |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Loss on asset impairments                                                   |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Operating expenses                                                          |  |                   |  | 369                 |  |                   |  | 184                |   |  |                    |  | 82                 |   |  |                    |  |                   |   |  |                    |   |  |                   |  | 1,985               |  | 61                
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Hurricane business interruption insurance gain                              |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Operating income (loss)                                                     |  |                   |  | 127                 |  |                   |  | (26                | ) |  |                    |  | (11                | ) |  |                    |  |                   |   |  |                    |   |  |                   |  | 401                 |  | 11                
|Minority interest income                                                    |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Interest expense, net                                                       |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Loss on early extinguishments of debt                                       |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Equity in income from consolidated entities                                 |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income before income taxes and discontinued operations               |  |                   |  | 127                 |  |                   |  | (26                | ) |  |                    |  | (11                | ) |  |                    |  |                   |   |  |                    |   |  |                   |  | 401                 |  | 11                
|Income tax benefit                                                          |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income from continuing operations                                    |  |                   |  | 127                 |  |                   |  | (26                | ) |  |                    |  | (11                | ) |  |                    |  |                   |   |  |                    |   |  |                   |  | 401                 |  | 11                
|Discontinued operations:                                                    |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income from discontinued operations before income tax                |  |                   |  |                    |  | 22                 |  |                   |   |  |                    |  |                   |   |  |                    |  | (1,598             | ) |  | (509                | ) |  |                   |  |                    |  |                  
|Income tax (expense) benefit                                                |  |                   |  |                    |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income from discontinued operations                                  |  |                   |  |                    |  | 22                 |  |                   |   |  |                    |  |                   |   |  |                    |  | (1,598             | ) |  | (509                | ) |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Net (loss) income                                                           |  |                   |  | 127                 |  | 22                 |  | (26                | ) |  |                    |  | (11                | ) |  |                    |  | (1,598             | ) |  | (509                | ) |  |                   |  | 401                 |  | 11                
|                                                                            |  |                    |  |                     |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |   |  |                     |   |  |                    |  |                     |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ----------------------------- |  | ------------------------------
|                                                                            |  | MeriStarSub 5P,LLC |  | MeriStarSub 5J,LLC |   |  | MeriStarSub 5Q,LLC |  | MeriStarSub 5A,LLC |   |  | MeriStarSub 8D,LLC |  | MeriStarSub 4J,LLC |  | MeriStarSub 6K,LLC |  | MeriStarSub 5E,LLC |  | MeriStarSub 6I,LLC |  | MeriStarSub 5I,LLC |  | CapStarCherry HillCompany,LLC |  | MeristarAcquisitionCompany,LLC
|Revenue:                                                                    |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Hotel operations:                                                           |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Other hotel operations                                                      |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Office rental, parking and other revenue                                    |  |                   |  |                   |   |  |                   |  | 18                 |   |  |                   |  | 53                 |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Participating lease revenue                                                 |  | 99                 |  | 1,094              |   |  | 227                |  | 1,430              |   |  |                   |  | 791                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Total revenue                                                               |  | 99                 |  | 1,094              |   |  | 227                |  | 1,448              |   |  |                   |  | 844                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Hotel operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Other hotel operating expenses                                              |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Office rental, parking and other expenses                                   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  | 121                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Other operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|General and administrative, hotel                                           |  |                   |  | 28                 |   |  |                   |  | 2                  |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|General and administrative, corporate                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Property operating costs                                                    |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Depreciation and amortization                                               |  | 1                  |  | 1,422              |   |  | 147                |  | 266                |   |  |                   |  | 316                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Property taxes, insurance and other                                         |  | 2                  |  | 335                |   |  | 50                 |  | 194                |   |  |                   |  | 81                 |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Contract termination costs                                                  |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Loss on asset impairments                                                   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Operating expenses                                                          |  | 3                  |  | 1,785              |   |  | 197                |  | 462                |   |  |                   |  | 518                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Hurricane business interruption insurance gain                              |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Operating income (loss)                                                     |  | 96                 |  | (691               | ) |  | 30                 |  | 986                |   |  |                   |  | 326                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Minority interest income                                                    |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Interest expense, net                                                       |  |                   |  |                   |   |  |                   |  | (708               | ) |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Loss on early extinguishments of debt                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Equity in income from consolidated entities                                 |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income before income taxes and discontinued operations               |  | 96                 |  | (691               | ) |  | 30                 |  | 278                |   |  |                   |  | 326                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Income tax benefit                                                          |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income from continuing operations                                    |  | 96                 |  | (691               | ) |  | 30                 |  | 278                |   |  |                   |  | 326                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Discontinued operations:                                                    |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |   |  |                   |  |                   |   |  | 1,000              |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Income tax (expense) benefit                                                |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income from discontinued operations                                  |  |                   |  |                   |   |  |                   |  |                   |   |  | 1,000              |  |                   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Net (loss) income                                                           |  | 96                 |  | (691               | ) |  | 30                 |  | 278                |   |  | 1,000              |  | 326                |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------------- | - |  | -------------------------- | - |  | ------------------------- | - |  | ----------------- | -
|                                                                            |  | MeriStarSub 6A,LLC |  | MeriStarSub 6F,LLC |  | MeriStarHotel Lessee,Inc. |   |  | GuarantorSubsidiariesTotal |   |  | ConsolidationEliminations |   |  | TotalConsolidated |  
|Revenue:                                                                    |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operations:                                                           |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  |                   |  | 121,053                   |   |  | 121,053                    |   |  |                          |   |  | 121,053           |  
|Food and beverage                                                           |  |                   |  |                   |  | 44,483                    |   |  | 44,483                     |   |  |                          |   |  | 44,483            |  
|Other hotel operations                                                      |  |                   |  |                   |  | 12,518                    |   |  | 12,518                     |   |  |                          |   |  | 12,518            |  
|Office rental, parking and other revenue                                    |  |                   |  |                   |  |                          |   |  | 847                        |   |  |                          |   |  | 1,426             |  
|Participating lease revenue                                                 |  |                   |  |                   |  |                          |   |  | 19,887                     |   |  | (60,851                   | ) |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Total revenue                                                               |  |                   |  |                   |  | 178,054                   |   |  | 198,788                    |   |  | (60,851                   | ) |  | 179,480           |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  |                   |  | 32,000                    |   |  | 32,000                     |   |  |                          |   |  | 32,000            |  
|Food and beverage                                                           |  |                   |  |                   |  | 34,762                    |   |  | 34,762                     |   |  |                          |   |  | 34,762            |  
|Other hotel operating expenses                                              |  |                   |  |                   |  | 8,182                     |   |  | 8,182                      |   |  |                          |   |  | 8,182             |  
|Office rental, parking and other expenses                                   |  |                   |  |                   |  |                          |   |  | 400                        |   |  |                          |   |  | 682               |  
|Other operating expenses:                                                   |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|General and administrative, hotel                                           |  |                   |  |                   |  | 31,343                    |   |  | 28,761                     |   |  |                          |   |  | 28,770            |  
|General and administrative, corporate                                       |  |                   |  |                   |  | 58                        |   |  | 58                         |   |  |                          |   |  | 2,520             |  
|Property operating costs                                                    |  |                   |  |                   |  | 28,292                    |   |  | 28,292                     |   |  |                          |   |  | 28,292            |  
|Depreciation and amortization                                               |  |                   |  |                   |  | 14                        |   |  | 8,833                      |   |  |                          |   |  | 24,576            |  
|Property taxes, insurance and other                                         |  |                   |  |                   |  | 60,980                    |   |  | 63,851                     |   |  | (60,851                   | ) |  | 12,567            |  
|Contract termination costs                                                  |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|Loss on asset impairments                                                   |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Operating expenses                                                          |  |                   |  |                   |  | 195,631                   |   |  | 205,139                    |   |  | (60,851                   | ) |  | 172,351           |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 1,600             |  
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Operating income (loss)                                                     |  |                   |  |                   |  | (17,577                   | ) |  | (6,351                     | ) |  |                          |   |  | 8,729             |  
|Minority interest income                                                    |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 40                |  
|Interest expense, net                                                       |  |                   |  |                   |  | (2,252                    | ) |  | (3,316                     | ) |  |                          |   |  | (30,994           | )
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                          |   |  |                           |   |  | 6,868                     |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income before income taxes and discontinued operations               |  |                   |  |                   |  | (19,829                   | ) |  | (9,667                     | ) |  | 6,868                     |   |  | (22,225           | )
|Income tax benefit                                                          |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 218               |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from continuing operations                                    |  |                   |  |                   |  | (19,829                   | ) |  | (9,667                     | ) |  | 6,868                     |   |  | (22,007           | )
|Discontinued operations:                                                    |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  | (4,839                    | ) |  | (6,274                     | ) |  |                          |   |  | (5,557            | )
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 26                |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  | (4,839                    | ) |  | (6,274                     | ) |  |                          |   |  | (5,531            | )
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Net (loss) income                                                           |  |                   |  |                   |  | (24,668                   | ) |  | (15,941                    | ) |  | 6,868                     |   |  | (27,538           | )
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|--------------------------------------------------------------------------- |  | --------------------------- | - |  | ------------------------- | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------- |  | ------------------- |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------
|                                                                            |  | MeriStarHospitalityOP, L.P. |   |  | Non-GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | MeriStarSub 8G,LLC |  | AGHUpreit,LLC |  | MeriStarSub 6H,L.P. |  | MeriStarSub 8F,L.P. |  | MeriStarSub 8B,LLC |  | MeriStarSub 1C,LLC |   |  | MeriStarSub 8E,LLC |   |  | MeriStarSub 7F,LLC |   |  | MeriStarSub 5L,LLC
|Revenue:                                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Hotel operations:                                                           |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Other hotel operations                                                      |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Office rental, parking and other revenue                                    |  | 105                         |   |  | 1,924                     |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  | 25                 |   |  |                   |   |  |                  
|Participating lease revenue                                                 |  | 12,667                      |   |  | 106,547                   |   |  |                   |  |                   |  |              |  | 986                 |  | 2,049               |  | 5,803              |  | 922                |   |  | 1,156              |   |  | 969                |   |  | 654               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Total revenue                                                               |  | 12,772                      |   |  | 108,471                   |   |  |                   |  |                   |  |              |  | 986                 |  | 2,049               |  | 5,803              |  | 922                |   |  | 1,181              |   |  | 969                |   |  | 654               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Hotel operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Other hotel operating expenses                                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Office rental, parking and other expenses                                   |  |                            |   |  | 856                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Other operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|General and administrative, hotel                                           |  | 2                           |   |  | 99                        |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  | 23                 |   |  |                   |   |  |                   |   |  |                  
|General and administrative, corporate                                       |  | 10,256                      |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Property operating costs                                                    |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Depreciation and amortization                                               |  | 10,211                      |   |  | 38,807                    |   |  |                   |  |                   |  |              |  | 447                 |  | 481                 |  | 1,768              |  | 914                |   |  | 411                |   |  | 337                |   |  | 121               
|Property taxes, insurance and other                                         |  | 7,540                       |   |  | 14,317                    |   |  |                   |  |                   |  |              |  | 72                  |  | 749                 |  | 468                |  | 546                |   |  | 122                |   |  | 90                 |   |  | 115               
|Loss on asset impairments                                                   |  | 621                         |   |  | 34,181                    |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  | 1,580              |   |  |                   |   |  |                   |   |  |                  
|Contract termination costs                                                  |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Operating expenses                                                          |  | 28,630                      |   |  | 88,260                    |   |  |                   |  |                   |  |              |  | 519                 |  | 1,230               |  | 2,236              |  | 3,063              |   |  | 533                |   |  | 427                |   |  | 236               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  | 2,996                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Hurricane business interruption insurance gain                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Operating (loss) income                                                     |  | (12,862                     | ) |  | 20,211                    |   |  |                   |  |                   |  |              |  | 467                 |  | 819                 |  | 3,567              |  | (2,141             | ) |  | 648                |   |  | 542                |   |  | 418               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Minority interest income                                                    |  | 36                          |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Interest expense, net                                                       |  | (47,573                     | ) |  | (28,201                   | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  | (11                | ) |  | (12                | ) |  |                  
|Loss on early extinguishments of debt                                       |  | (11,669                     | ) |  | (43,503                   | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Equity in income from consolidated entities                                 |  | (57,355                     | ) |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income before income taxes and discontinued operations               |  | (129,423                    | ) |  | (51,493                   | ) |  |                   |  |                   |  |              |  | 467                 |  | 819                 |  | 3,567              |  | (2,141             | ) |  | 637                |   |  | 530                |   |  | 418               
|Income tax expense                                                          |  | (303                        | ) |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income from continuing operations                                    |  | (129,726                    | ) |  | (51,493                   | ) |  |                   |  |                   |  |              |  | 467                 |  | 819                 |  | 3,567              |  | (2,141             | ) |  | 637                |   |  | 530                |   |  | 418               
|Discontinued operations:                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income from discontinued operations before income tax                |  | (732                        | ) |  | (2,967                    | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Income tax (expense) benefit                                                |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|(Loss) income from discontinued operations                                  |  | (732                        | ) |  | (2,967                    | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   
|Net (loss) income                                                           |  | (130,458                    | ) |  | (54,460                   | ) |  |                   |  |                   |  |              |  | 467                 |  | 819                 |  | 3,567              |  | (2,141             | ) |  | 637                |   |  | 530                |   |  | 418               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |  |                    |   |  |                    |   |  |                    |   |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|--------------------------------------------------------------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------- |  | ------------------ |  | ------------------ |  | ------------------- |  | -------------------
|                                                                            |  | MeriStarSub 3C,LLC |   |  | MeriStarSub 5R,LLC |  | MeriStarSub 8A,LLC |  | MeriStarSub 6D,LLC |  | MeriStarSub 6E,LLC |   |  | MeriStarSub 4E,L.P. |  | MeriStarSub 1B,LLC |   |  | MeriStarSub 5F,L.P. |  | MeriStarSub 6G,LLC |  | MeriStarSub 8C,LLC |  | MeriStarSub 4C,L.P. |  | MeriStarSub 4H,L.P.
|Revenue:                                                                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Hotel operations:                                                           |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Rooms                                                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Food and beverage                                                           |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Other hotel operations                                                      |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Office rental, parking and other revenue                                    |  | 2                  |   |  |                   |  |                   |  | 45                 |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Participating lease revenue                                                 |  | 1,693              |   |  |                   |  |                   |  | 2,108              |  | 5,294              |   |  |                    |  | 1,850              |   |  | 1,971               |  | 3,192              |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Total revenue                                                               |  | 1,695              |   |  |                   |  |                   |  | 2,153              |  | 5,294              |   |  |                    |  | 1,850              |   |  | 1,971               |  | 3,192              |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Hotel operating expenses:                                                   |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Rooms                                                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Food and beverage                                                           |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Other hotel operating expenses                                              |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Office rental, parking and other expenses                                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Other operating expenses:                                                   |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|General and administrative, hotel                                           |  |                   |   |  |                   |  |                   |  |                   |  | 4                  |   |  |                    |  | (3                 | ) |  |                    |  | 2                  |  |                   |  |                    |  |                   
|General and administrative, corporate                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Property operating costs                                                    |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Depreciation and amortization                                               |  | 464                |   |  |                   |  |                   |  | 321                |  | 1,118              |   |  |                    |  | 448                |   |  | 462                 |  | 510                |  |                   |  |                    |  |                   
|Property taxes, insurance and other                                         |  | 288                |   |  |                   |  |                   |  | 236                |  | 420                |   |  |                    |  | 144                |   |  | 324                 |  | 302                |  |                   |  |                    |  |                   
|Loss on asset impairments                                                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Contract termination costs                                                  |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Operating expenses                                                          |  | 752                |   |  |                   |  |                   |  | 557                |  | 1,542              |   |  |                    |  | 589                |   |  | 786                 |  | 814                |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Hurricane business interruption insurance gain                              |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Operating (loss) income                                                     |  | 943                |   |  |                   |  |                   |  | 1,596              |  | 3,752              |   |  |                    |  | 1,261              |   |  | 1,185               |  | 2,378              |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Minority interest income                                                    |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Interest expense, net                                                       |  | (21                | ) |  |                   |  |                   |  |                   |  | (1,470             | ) |  |                    |  | (43                | ) |  |                    |  |                   |  |                   |  |                    |  |                   
|Loss on early extinguishments of debt                                       |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Equity in income from consolidated entities                                 |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income before income taxes and discontinued operations               |  | 922                |   |  |                   |  |                   |  | 1,596              |  | 2,282              |   |  |                    |  | 1,218              |   |  | 1,185               |  | 2,378              |  |                   |  |                    |  |                   
|Income tax expense                                                          |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income from continuing operations                                    |  | 922                |   |  |                   |  |                   |  | 1,596              |  | 2,282              |   |  |                    |  | 1,218              |   |  | 1,185               |  | 2,378              |  |                   |  |                    |  |                   
|Discontinued operations:                                                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income from discontinued operations before income tax                |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|Income tax (expense) benefit                                                |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|(Loss) income from discontinued operations                                  |  |                   |   |  |                   |  |                   |  |                   |  |                   |   |  |                    |  |                   |   |  |                    |  |                   |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    
|Net (loss) income                                                           |  | 922                |   |  |                   |  |                   |  | 1,596              |  | 2,282              |   |  |                    |  | 1,218              |   |  | 1,185               |  | 2,378              |  |                   |  |                    |  |                   
|                                                                            |  |                    |   |  |                    |  |                    |  |                    |  |                    |   |  |                     |  |                    |   |  |                     |  |                    |  |                    |  |                     |  |                    



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ | - |  | ------------------ |  | --------------------------- |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | --------------------- |  | ------------------
|                                                                            |  | MeriStarSub 7E,LLC |  | MeriStarSub 3D,LLC |   |  | MeriStarSub 1A,LLC |  | MeriStar Sub7A JointVenture |  | MeriStarSub 2B,LLC |  | MeriStarSub 3A,LLC |  | MeriStarSub 4A,LLC |  | MeriStarSub 4D,LLC |  | MeriStarSub 2A,LLC |  | MeriStarSub 6L,LLC |  | MDVLimitedPartnership |  | MeriStarSub 5C,LLC
|Revenue:                                                                    |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Hotel operations:                                                           |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Other hotel operations                                                      |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Office rental, parking and other revenue                                    |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Participating lease revenue                                                 |  | 1,073              |  | 1,361              |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 353                   |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Total revenue                                                               |  | 1,073              |  | 1,361              |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 353                   |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Hotel operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Other hotel operating expenses                                              |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Office rental, parking and other expenses                                   |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Other operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|General and administrative, hotel                                           |  |                   |  | 5                  |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|General and administrative, corporate                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Property operating costs                                                    |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Depreciation and amortization                                               |  | 446                |  | 481                |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 141                   |  |                  
|Property taxes, insurance and other                                         |  | 151                |  | 137                |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 95                    |  |                  
|Loss on asset impairments                                                   |  |                   |  | 3,961              |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Contract termination costs                                                  |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Operating expenses                                                          |  | 597                |  | 4,584              |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 236                   |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Hurricane business interruption insurance gain                              |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Operating (loss) income                                                     |  | 476                |  | (3,223             | ) |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 117                   |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Minority interest income                                                    |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Interest expense, net                                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Loss on early extinguishments of debt                                       |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Equity in income from consolidated entities                                 |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income before income taxes and discontinued operations               |  | 476                |  | (3,223             | ) |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 117                   |  |                  
|Income tax expense                                                          |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income from continuing operations                                    |  | 476                |  | (3,223             | ) |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 117                   |  |                  
|Discontinued operations:                                                    |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |   |  | 168                |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|Income tax (expense) benefit                                                |  |                   |  |                   |   |  |                   |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|(Loss) income from discontinued operations                                  |  |                   |  |                   |   |  | 168                |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                      |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   
|Net (loss) income                                                           |  | 476                |  | (3,223             | ) |  | 168                |  |                            |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 117                   |  |                  
|                                                                            |  |                    |  |                    |   |  |                    |  |                             |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                       |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------- | - |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | -------------
|                                                                            |  | MeriStarSub 6J,LLC |  | MeriStarSub 1D,L.P. |   |  | MeriStarSub 7B,L.P. |  | MeriStarSub 7D,LLC |   |  | MeriStarSub 7G,LLC |  | MeriStarSub 6B,LLC |  | MeriStarSub 4I,L.P. |  | MeriStarSub 5D,LLC |   |  | MeriStarSub 5H,LLC |  | MeriStarSub 7H,LLC |  | AGHPSS I,Inc.
|Revenue:                                                                    |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Hotel operations:                                                           |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Rooms                                                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Food and beverage                                                           |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Other hotel operations                                                      |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Office rental, parking and other revenue                                    |  |                   |  | 342                 |   |  |                    |  | 1,859              |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Participating lease revenue                                                 |  | 2,498              |  | 4,620               |   |  |                    |  | 4,549              |   |  |                   |  | 997                |  |                    |  | 1,565              |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Total revenue                                                               |  | 2,498              |  | 4,962               |   |  |                    |  | 6,408              |   |  |                   |  | 997                |  |                    |  | 1,565              |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Hotel operating expenses:                                                   |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Rooms                                                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Food and beverage                                                           |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Other hotel operating expenses                                              |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Office rental, parking and other expenses                                   |  |                   |  | 126                 |   |  |                    |  | 1,014              |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Other operating expenses:                                                   |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|General and administrative, hotel                                           |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  | 3                  |   |  |                   |  |                   |  |             
|General and administrative, corporate                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Property operating costs                                                    |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Depreciation and amortization                                               |  | 369                |  | 1,550               |   |  |                    |  | 1,076              |   |  |                   |  | 296                |  |                    |  | 985                |   |  |                   |  |                   |  |             
|Property taxes, insurance and other                                         |  | 228                |  | 1,118               |   |  |                    |  | 1,524              |   |  |                   |  | 190                |  |                    |  | 137                |   |  |                   |  |                   |  |             
|Loss on asset impairments                                                   |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Contract termination costs                                                  |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Operating expenses                                                          |  | 597                |  | 2,794               |   |  |                    |  | 3,614              |   |  |                   |  | 486                |  |                    |  | 1,125              |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Hurricane business interruption insurance gain                              |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Operating (loss) income                                                     |  | 1,901              |  | 2,168               |   |  |                    |  | 2,794              |   |  |                   |  | 511                |  |                    |  | 440                |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Minority interest income                                                    |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Interest expense, net                                                       |  |                   |  | (58                 | ) |  |                    |  | (46                | ) |  |                   |  |                   |  |                    |  | (1,262             | ) |  |                   |  |                   |  |             
|Loss on early extinguishments of debt                                       |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Equity in income from consolidated entities                                 |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|(Loss) income before income taxes and discontinued operations               |  | 1,901              |  | 2,110               |   |  |                    |  | 2,748              |   |  |                   |  | 511                |  |                    |  | (822               | ) |  |                   |  |                   |  |             
|Income tax expense                                                          |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|(Loss) income from continuing operations                                    |  | 1,901              |  | 2,110               |   |  |                    |  | 2,748              |   |  |                   |  | 511                |  |                    |  | (822               | ) |  |                   |  |                   |  |             
|Discontinued operations:                                                    |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|(Loss) income from discontinued operations before income tax                |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|Income tax (expense) benefit                                                |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|(Loss) income from discontinued operations                                  |  |                   |  |                    |   |  |                    |  |                   |   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              
|Net (loss) income                                                           |  | 1,901              |  | 2,110               |   |  |                    |  | 2,748              |   |  |                   |  | 511                |  |                    |  | (822               | ) |  |                   |  |                   |  |             
|                                                                            |  |                    |  |                     |   |  |                     |  |                    |   |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |              



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------- | - |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- |  | ------------------
|                                                                            |  | MeriStarSub 2D,LLC |  | MeriStarSub 4F,L.P. |   |  | MeriStarSub 5K,LLC |  | MeriStarSub 5M,LLC |  | MeriStarSub 1E,L.P. |  | MeriStarSub 5O,LLC |  | MeriStarSub 4B,L.P. |  | MeriStarSub 2C,LLC |  | MeriStarSub 4G,L.P. |  | MeriStarSub 3B,LLC |  | MeriStarSub 5G,L.P. |  | MeriStarSub 5N,LLC
|Revenue:                                                                    |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Hotel operations:                                                           |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Rooms                                                                       |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Food and beverage                                                           |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Other hotel operations                                                      |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Office rental, parking and other revenue                                    |  |                   |  | 15                  |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  | 23                  |  |                  
|Participating lease revenue                                                 |  |                   |  | 1,532               |   |  |                   |  | 1,158              |  |                    |  | 261                |  |                    |  |                   |  |                    |  |                   |  | 9,070               |  | 343               
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Total revenue                                                               |  |                   |  | 1,547               |   |  |                   |  | 1,158              |  |                    |  | 261                |  |                    |  |                   |  |                    |  |                   |  | 9,093               |  | 343               
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Hotel operating expenses:                                                   |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Rooms                                                                       |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Food and beverage                                                           |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Other hotel operating expenses                                              |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Office rental, parking and other expenses                                   |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Other operating expenses:                                                   |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|General and administrative, hotel                                           |  |                   |  | (1                  | ) |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  | 8                   |  |                  
|General and administrative, corporate                                       |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Property operating costs                                                    |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Depreciation and amortization                                               |  |                   |  | 796                 |   |  |                   |  | 195                |  |                    |  | 101                |  |                    |  |                   |  |                    |  |                   |  | 4,569               |  | 54                
|Property taxes, insurance and other                                         |  |                   |  | 185                 |   |  |                   |  | 106                |  |                    |  | 46                 |  |                    |  |                   |  |                    |  |                   |  | 1,303               |  | 57                
|Loss on asset impairments                                                   |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Contract termination costs                                                  |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Operating expenses                                                          |  |                   |  | 980                 |   |  |                   |  | 301                |  |                    |  | 147                |  |                    |  |                   |  |                    |  |                   |  | 5,880               |  | 111               
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Hurricane business interruption insurance gain                              |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Operating (loss) income                                                     |  |                   |  | 567                 |   |  |                   |  | 857                |  |                    |  | 114                |  |                    |  |                   |  |                    |  |                   |  | 3,213               |  | 232               
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Minority interest income                                                    |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Interest expense, net                                                       |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Loss on early extinguishments of debt                                       |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Equity in income from consolidated entities                                 |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|(Loss) income before income taxes and discontinued operations               |  |                   |  | 567                 |   |  |                   |  | 857                |  |                    |  | 114                |  |                    |  |                   |  |                    |  |                   |  | 3,213               |  | 232               
|Income tax expense                                                          |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|(Loss) income from continuing operations                                    |  |                   |  | 567                 |   |  |                   |  | 857                |  |                    |  | 114                |  |                    |  |                   |  |                    |  |                   |  | 3,213               |  | 232               
|Discontinued operations:                                                    |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|(Loss) income from discontinued operations before income tax                |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|Income tax (expense) benefit                                                |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|(Loss) income from discontinued operations                                  |  |                   |  |                    |   |  |                   |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   
|Net (loss) income                                                           |  |                   |  | 567                 |   |  |                   |  | 857                |  |                    |  | 114                |  |                    |  |                   |  |                    |  |                   |  | 3,213               |  | 232               
|                                                                            |  |                    |  |                     |   |  |                    |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                    |  |                     |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ----------------------------- |  | ------------------------------
|                                                                            |  | MeriStarSub 5P,LLC |  | MeriStarSub 5J,LLC |   |  | MeriStarSub 5Q,LLC |  | MeriStarSub 5A,LLC |   |  | MeriStarSub 8D,LLC |  | MeriStarSub 4J,LLC |   |  | MeriStarSub 6K,LLC |  | MeriStarSub 5E,LLC |  | MeriStarSub 6I,LLC |  | MeriStarSub 5I,LLC |  | CapStarCherry HillCompany,LLC |  | MeristarAcquisitionCompany,LLC
|Revenue:                                                                    |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Hotel operations:                                                           |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Other hotel operations                                                      |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Office rental, parking and other revenue                                    |  |                   |  | 227                |   |  |                   |  | 62                 |   |  |                   |  | 162                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Participating lease revenue                                                 |  | 467                |  |                   |   |  | 1,301              |  | 5,318              |   |  |                   |  | 2,119              |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Total revenue                                                               |  | 467                |  | 227                |   |  | 1,301              |  | 5,380              |   |  |                   |  | 2,281              |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Hotel operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Rooms                                                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Food and beverage                                                           |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Other hotel operating expenses                                              |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Office rental, parking and other expenses                                   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  | 385                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Other operating expenses:                                                   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|General and administrative, hotel                                           |  |                   |  | 1                  |   |  |                   |  | 1                  |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|General and administrative, corporate                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Property operating costs                                                    |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Depreciation and amortization                                               |  | 3                  |  | 2,731              |   |  | 354                |  | 800                |   |  |                   |  | 985                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Property taxes, insurance and other                                         |  | 6                  |  | (162               | ) |  |                   |  | 585                |   |  |                   |  | 262                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Loss on asset impairments                                                   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Contract termination costs                                                  |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Operating expenses                                                          |  | 9                  |  | 2,570              |   |  | 354                |  | 1,386              |   |  |                   |  | 1,632              |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Hurricane business interruption insurance gain                              |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Operating (loss) income                                                     |  | 458                |  | (2,343             | ) |  | 947                |  | 3,994              |   |  |                   |  | 649                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Minority interest income                                                    |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Interest expense, net                                                       |  |                   |  |                   |   |  |                   |  | (2,125             | ) |  |                   |  | (33                | ) |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Loss on early extinguishments of debt                                       |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Equity in income from consolidated entities                                 |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income before income taxes and discontinued operations               |  | 458                |  | (2,343             | ) |  | 947                |  | 1,869              |   |  |                   |  | 616                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Income tax expense                                                          |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income from continuing operations                                    |  | 458                |  | (2,343             | ) |  | 947                |  | 1,869              |   |  |                   |  | 616                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Discontinued operations:                                                    |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|Income tax (expense) benefit                                                |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|(Loss) income from discontinued operations                                  |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               
|Net (loss) income                                                           |  | 458                |  | (2,343             | ) |  | 947                |  | 1,869              |   |  |                   |  | 616                |   |  |                   |  |                   |  |                   |  |                   |  |                              |  |                              
|                                                                            |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                               |  |                               



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------------- | - |  | -------------------------- | - |  | ------------------------- | - |  | ----------------- | -
|                                                                            |  | MeriStarSub 6A,LLC |  | MeriStarSub 6F,LLC |  | MeriStarHotelLessee, Inc. |   |  | GuarantorSubsidiariesTotal |   |  | ConsolidationEliminations |   |  | TotalConsolidated |  
|Revenue:                                                                    |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operations:                                                           |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  |                   |  | 389,870                   |   |  | 389,870                    |   |  |                          |   |  | 389,870           |  
|Food and beverage                                                           |  |                   |  |                   |  | 158,322                   |   |  | 158,322                    |   |  |                          |   |  | 158,322           |  
|Other hotel operations                                                      |  |                   |  |                   |  | 34,787                    |   |  | 34,787                     |   |  |                          |   |  | 34,787            |  
|Office rental, parking and other revenue                                    |  |                   |  |                   |  | 150                       |   |  | 2,912                      |   |  |                          |   |  | 4,941             |  
|Participating lease revenue                                                 |  |                   |  |                   |  |                          |   |  | 67,232                     |   |  | (186,446                  | ) |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Total revenue                                                               |  |                   |  |                   |  | 583,129                   |   |  | 653,123                    |   |  | (186,446                  | ) |  | 587,920           |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  |                   |  | 95,766                    |   |  | 95,766                     |   |  |                          |   |  | 95,766            |  
|Food and beverage                                                           |  |                   |  |                   |  | 112,613                   |   |  | 112,613                    |   |  |                          |   |  | 112,613           |  
|Other hotel operating expenses                                              |  |                   |  |                   |  | 22,124                    |   |  | 22,124                     |   |  |                          |   |  | 22,124            |  
|Office rental, parking and other expenses                                   |  |                   |  |                   |  |                          |   |  | 1,525                      |   |  |                          |   |  | 2,381             |  
|Other operating expenses:                                                   |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|General and administrative, hotel                                           |  |                   |  |                   |  | 93,499                    |   |  | 93,542                     |   |  |                          |   |  | 93,643            |  
|General and administrative, corporate                                       |  |                   |  |                   |  | 105                       |   |  | 105                        |   |  |                          |   |  | 10,361            |  
|Property operating costs                                                    |  |                   |  |                   |  | 89,622                    |   |  | 89,622                     |   |  |                          |   |  | 89,622            |  
|Depreciation and amortization                                               |  |                   |  |                   |  |                          |   |  | 23,734                     |   |  |                          |   |  | 72,752            |  
|Property taxes, insurance and other                                         |  |                   |  |                   |  | 188,184                   |   |  | 198,028                    |   |  | (186,446                  | ) |  | 33,439            |  
|Loss on asset impairments                                                   |  |                   |  |                   |  |                          |   |  | 5,541                      |   |  |                          |   |  | 40,343            |  
|Contract termination costs                                                  |  |                   |  |                   |  | 1,081                     |   |  | 1,081                      |   |  |                          |   |  | 1,081             |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Operating expenses                                                          |  |                   |  |                   |  | 602,994                   |   |  | 643,681                    |   |  | (186,446                  | ) |  | 574,125           |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  | 4,261                     |   |  | 4,261                      |   |  |                          |   |  | 7,257             |  
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  | 4,290                     |   |  | 4,290                      |   |  |                          |   |  | 4,290             |  
|Operating (loss) income                                                     |  |                   |  |                   |  | (11,314                   | ) |  | 17,993                     |   |  |                          |   |  | 25,342            |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Minority interest income                                                    |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 36                |  
|Interest expense, net                                                       |  |                   |  |                   |  | (10,708                   | ) |  | (15,789                    | ) |  |                          |   |  | (91,563           | )
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | (55,172           | )
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                          |   |  |                           |   |  | 57,355                    |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income before income taxes and discontinued operations               |  |                   |  |                   |  | (22,022                   | ) |  | 2,204                      |   |  | 57,355                    |   |  | (121,357          | )
|Income tax expense                                                          |  |                   |  |                   |  | (126                      | ) |  | (126                       | ) |  |                          |   |  | (429              | )
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from continuing operations                                    |  |                   |  |                   |  | (22,148                   | ) |  | 2,078                      |   |  | 57,355                    |   |  | (121,786          | )
|Discontinued operations:                                                    |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  | (5,141                    | ) |  | (4,973                     | ) |  |                          |   |  | (8,672            | )
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  | (5,141                    | ) |  | (4,973                     | ) |  |                          |   |  | (8,672            | )
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Net (loss) income                                                           |  |                   |  |                   |  | (27,289                   | ) |  | (2,895                     | ) |  | 57,355                    |   |  | (130,458          | )
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|--------------------------------------------------------------------------- |  | --------------------------- | - |  | ------------------------- | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------- |  | ------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ |  | ------------------
|                                                                            |  | MeriStarHospitalityOP, L.P. |   |  | Non-GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | MeriStarSub 8G,LLC |  | AGHUpreit,LLC |  | MeriStarSub 6H,L.P. |  | MeriStarSub 8F,L.P. |  | MeriStarSub 8B,LLC |   |  | MeriStarSub 1C,LLC |   |  | MeriStarSub 8E,LLC |  | MeriStarSub 7F,LLC
|Revenue:                                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Hotel operations:                                                           |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Other hotel operations                                                      |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Office rental, parking and other revenue                                    |  | 97                          |   |  | 1,860                     |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  | 24                 |  |                  
|Participating lease revenue                                                 |  | 27,902                      |   |  | 93,628                    |   |  |                   |  |                   |  |              |  | 996                 |  | 1,803               |  | 5,591              |   |  | 888                |   |  | 1,113              |  | 758               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Total revenue                                                               |  | 27,999                      |   |  | 95,488                    |   |  |                   |  |                   |  |              |  | 996                 |  | 1,803               |  | 5,591              |   |  | 888                |   |  | 1,137              |  | 758               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Hotel operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Rooms                                                                       |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Food and beverage                                                           |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Other hotel operating expenses                                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Office rental, parking and other expenses                                   |  |                            |   |  | 849                       |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Other operating expenses:                                                   |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|General and administrative, hotel                                           |  | 20                          |   |  | 31                        |   |  |                   |  |                   |  |              |  |                    |  |                    |  | (2,612             | ) |  |                   |   |  |                   |  |                  
|General and administrative, corporate                                       |  | 9,458                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Property operating costs                                                    |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Depreciation and amortization                                               |  | 12,679                      |   |  | 32,895                    |   |  |                   |  |                   |  |              |  | 470                 |  | 493                 |  | 1,815              |   |  | 1,042              |   |  | 447                |  | 243               
|Property taxes, insurance and other                                         |  | 22,716                      |   |  | 12,843                    |   |  |                   |  |                   |  |              |  | 75                  |  | 472                 |  | 836                |   |  | 528                |   |  | 137                |  | 93                
|Loss on asset impairments                                                   |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Contract termination costs                                                  |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Operating expenses                                                          |  | 44,873                      |   |  | 46,618                    |   |  |                   |  |                   |  |              |  | 545                 |  | 965                 |  | 39                 |   |  | 1,570              |   |  | 584                |  | 336               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  | 4,800                       |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Hurricane business interruption insurance gain                              |  |                            |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Operating (loss) income                                                     |  | (12,074                     | ) |  | 48,870                    |   |  |                   |  |                   |  |              |  | 451                 |  | 838                 |  | 5,552              |   |  | (682               | ) |  | 553                |  | 422               
|Minority interest income                                                    |  | 65                          |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Interest expense, net                                                       |  | (61,550                     | ) |  | (25,130                   | ) |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Loss on early extinguishments of debt                                       |  | (7,903                      | ) |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Equity in income from consolidated entities                                 |  | (2,243                      | ) |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|(Loss) income before income taxes and discontinued operations               |  | (83,705                     | ) |  | 23,740                    |   |  |                   |  |                   |  |              |  | 451                 |  | 838                 |  | 5,552              |   |  | (682               | ) |  | 553                |  | 422               
|Income tax benefit                                                          |  | 604                         |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|(Loss) income from continuing operations                                    |  | (83,101                     | ) |  | 23,740                    |   |  |                   |  |                   |  |              |  | 451                 |  | 838                 |  | 5,552              |   |  | (682               | ) |  | 553                |  | 422               
|Discontinued operations:                                                    |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|(Loss) income from discontinued operations before income tax                |  | 2,510                       |   |  | 2,470                     |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|Income tax (expense) benefit                                                |  | 116                         |   |  |                          |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|(Loss) income from discontinued operations                                  |  | 2,626                       |   |  | 2,470                     |   |  |                   |  |                   |  |              |  |                    |  |                    |  |                   |   |  |                   |   |  |                   |  |                  
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   
|Net (loss) income                                                           |  | (80,475                     | ) |  | 26,210                    |   |  |                   |  |                   |  |              |  | 451                 |  | 838                 |  | 5,552              |   |  | (682               | ) |  | 553                |  | 422               
|                                                                            |  |                             |   |  |                           |   |  |                    |  |                    |  |               |  |                     |  |                     |  |                    |   |  |                    |   |  |                    |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------- | - |  | ------------------ | - |  | ------------------- |  | ------------------ |  | ------------------ | - |  | -------------------
|                                                                            |  | MeriStarSub 5L,LLC |  | MeriStarSub 3C,LLC |  | MeriStarSub 5R,LLC |  | MeriStarSub 8A,LLC |  | MeriStarSub 6D,LLC |  | MeriStarSub 6E,LLC |  | MeriStarSub 4E,L.P. |   |  | MeriStarSub 1B,LLC |   |  | MeriStarSub 5F,L.P. |  | MeriStarSub 6G,LLC |  | MeriStarSub 8C,LLC |   |  | MeriStarSub 4C,L.P.
|Revenue:                                                                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Hotel operations:                                                           |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Rooms                                                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Food and beverage                                                           |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Other hotel operations                                                      |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Office rental, parking and other revenue                                    |  |                   |  | 2                  |  |                   |  |                   |  | 47                 |  |                   |  |                    |   |  | (4                 | ) |  |                    |  |                   |  |                   |   |  |                   
|Participating lease revenue                                                 |  | 734                |  | 1,429              |  |                   |  |                   |  | 1,545              |  | 4,570              |  |                    |   |  | 1,689              |   |  | 1,790               |  | 2,682              |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Total revenue                                                               |  | 734                |  | 1,431              |  |                   |  |                   |  | 1,592              |  | 4,570              |  |                    |   |  | 1,685              |   |  | 1,790               |  | 2,682              |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Rooms                                                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Food and beverage                                                           |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Other hotel operating expenses                                              |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Office rental, parking and other expenses                                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Other operating expenses:                                                   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|General and administrative, hotel                                           |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|General and administrative, corporate                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Property operating costs                                                    |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Depreciation and amortization                                               |  | 115                |  | 533                |  |                   |  |                   |  | 379                |  | 1,207              |  |                    |   |  | 368                |   |  | 587                 |  | 545                |  |                   |   |  |                   
|Property taxes, insurance and other                                         |  | 114                |  | 304                |  |                   |  |                   |  | 228                |  | 429                |  |                    |   |  | 97                 |   |  | 276                 |  | 294                |  |                   |   |  |                   
|Loss on asset impairments                                                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Contract termination costs                                                  |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Operating expenses                                                          |  | 229                |  | 837                |  |                   |  |                   |  | 607                |  | 1,636              |  |                    |   |  | 465                |   |  | 863                 |  | 839                |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Operating (loss) income                                                     |  | 505                |  | 594                |  |                   |  |                   |  | 985                |  | 2,934              |  |                    |   |  | 1,220              |   |  | 927                 |  | 1,843              |  |                   |   |  |                   
|Minority interest income                                                    |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Interest expense, net                                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|(Loss) income before income taxes and discontinued operations               |  | 505                |  | 594                |  |                   |  |                   |  | 985                |  | 2,934              |  |                    |   |  | 1,220              |   |  | 927                 |  | 1,843              |  |                   |   |  |                   
|Income tax benefit                                                          |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|(Loss) income from continuing operations                                    |  | 505                |  | 594                |  |                   |  |                   |  | 985                |  | 2,934              |  |                    |   |  | 1,220              |   |  | 927                 |  | 1,843              |  |                   |   |  |                   
|Discontinued operations:                                                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | (461                | ) |  |                   |   |  |                    |  |                   |  | (61                | ) |  |                   
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                    |   |  |                   |   |  |                    |  |                   |  |                   |   |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | (461                | ) |  |                   |   |  |                    |  |                   |  | (61                | ) |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    
|Net (loss) income                                                           |  | 505                |  | 594                |  |                   |  |                   |  | 985                |  | 2,934              |  | (461                | ) |  | 1,220              |   |  | 927                 |  | 1,843              |  | (61                | ) |  |                   
|                                                                            |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                     |   |  |                    |   |  |                     |  |                    |  |                    |   |  |                    



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|--------------------------------------------------------------------------- |  | ------------------- | - |  | ------------------ |  | ------------------ |  | ------------------ | - |  | --------------------------- | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ---------------------
|                                                                            |  | MeriStarSub 4H,L.P. |   |  | MeriStarSub 7E,LLC |  | MeriStarSub 3D,LLC |  | MeriStarSub 1A,LLC |   |  | MeriStar Sub7A JointVenture |   |  | MeriStarSub 2B,LLC |  | MeriStarSub 3A,LLC |  | MeriStarSub 4A,LLC |  | MeriStarSub 4D,LLC |  | MeriStarSub 2A,LLC |  | MeriStarSub 6L,LLC |  | MDVLimitedPartnership
|Revenue:                                                                    |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Hotel operations:                                                           |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Rooms                                                                       |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Food and beverage                                                           |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Other hotel operations                                                      |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Office rental, parking and other revenue                                    |  |                    |   |  | 1                  |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Participating lease revenue                                                 |  |                    |   |  | 1,034              |  | 1,179              |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 389                  
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Total revenue                                                               |  |                    |   |  | 1,035              |  | 1,179              |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 389                  
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Hotel operating expenses:                                                   |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Rooms                                                                       |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Food and beverage                                                           |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Other hotel operating expenses                                              |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Office rental, parking and other expenses                                   |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Other operating expenses:                                                   |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|General and administrative, hotel                                           |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|General and administrative, corporate                                       |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Property operating costs                                                    |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Depreciation and amortization                                               |  |                    |   |  | 478                |  | 542                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 105                  
|Property taxes, insurance and other                                         |  |                    |   |  | 151                |  | 187                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 98                   
|Loss on asset impairments                                                   |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Contract termination costs                                                  |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Operating expenses                                                          |  |                    |   |  | 629                |  | 729                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 203                  
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Hurricane business interruption insurance gain                              |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Operating (loss) income                                                     |  |                    |   |  | 406                |  | 450                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 186                  
|Minority interest income                                                    |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Interest expense, net                                                       |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Loss on early extinguishments of debt                                       |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|Equity in income from consolidated entities                                 |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income before income taxes and discontinued operations               |  |                    |   |  | 406                |  | 450                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 186                  
|Income tax benefit                                                          |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income from continuing operations                                    |  |                    |   |  | 406                |  | 450                |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  | 186                  
|Discontinued operations:                                                    |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income from discontinued operations before income tax                |  | (403                | ) |  |                   |  |                   |  | (758               | ) |  | (732                        | ) |  |                   |  | 89                 |  | 97                 |  |                   |  |                   |  | 1,852              |  |                     
|Income tax (expense) benefit                                                |  |                    |   |  |                   |  |                   |  |                   |   |  |                            |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                     
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|(Loss) income from discontinued operations                                  |  | (403                | ) |  |                   |  |                   |  | (758               | ) |  | (732                        | ) |  |                   |  | 89                 |  | 97                 |  |                   |  |                   |  | 1,852              |  |                     
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      
|Net (loss) income                                                           |  | (403                | ) |  | 406                |  | 450                |  | (758               | ) |  | (732                        | ) |  |                   |  | 89                 |  | 97                 |  |                   |  |                   |  | 1,852              |  | 186                  
|                                                                            |  |                     |   |  |                    |  |                    |  |                    |   |  |                             |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                      



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------- | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ |  | --------------
|                                                                            |  | MeriStarSub 5C,LLC |  | MeriStarSub 6J,LLC |  | MeriStarSub 1D,L.P. |  | MeriStarSub 7B,L.P. |   |  | MeriStarSub 7D,LLC |  | MeriStarSub 7G,LLC |  | MeriStarSub 6B,LLC |  | MeriStarSub 4I,L.P. |  | MeriStarSub 5D,LLC |   |  | MeriStarSub 5H,LLC |  | MeriStarSub 7H,LLC |  | AGH PSS I,Inc.
|Revenue:                                                                    |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Hotel operations:                                                           |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Rooms                                                                       |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Food and beverage                                                           |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Other hotel operations                                                      |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Office rental, parking and other revenue                                    |  |                   |  |                   |  | 218                 |  |                    |   |  | 1,346              |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Participating lease revenue                                                 |  |                   |  | 1,964              |  | 3,872               |  |                    |   |  | 4,382              |  |                   |  | 902                |  |                    |  | 1,697              |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Total revenue                                                               |  |                   |  | 1,964              |  | 4,090               |  |                    |   |  | 5,728              |  |                   |  | 902                |  |                    |  | 1,697              |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Rooms                                                                       |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Food and beverage                                                           |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Other hotel operating expenses                                              |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Office rental, parking and other expenses                                   |  |                   |  |                   |  | 86                  |  |                    |   |  | 666                |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Other operating expenses:                                                   |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|General and administrative, hotel                                           |  |                   |  |                   |  | 5                   |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|General and administrative, corporate                                       |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Property operating costs                                                    |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Depreciation and amortization                                               |  |                   |  | 418                |  | 1,704               |  |                    |   |  | 1,214              |  |                   |  | 335                |  |                    |  | 1,089              |   |  |                   |  |                   |  |              
|Property taxes, insurance and other                                         |  |                   |  | 220                |  | 1,152               |  |                    |   |  | 951                |  |                   |  | 168                |  |                    |  | 151                |   |  |                   |  |                   |  |              
|Loss on asset impairments                                                   |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Contract termination costs                                                  |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Operating expenses                                                          |  |                   |  | 638                |  | 2,947               |  |                    |   |  | 2,831              |  |                   |  | 503                |  |                    |  | 1,240              |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Operating (loss) income                                                     |  |                   |  | 1,326              |  | 1,143               |  |                    |   |  | 2,897              |  |                   |  | 399                |  |                    |  | 457                |   |  |                   |  |                   |  |              
|Minority interest income                                                    |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Interest expense, net                                                       |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  | (1,003             | ) |  |                   |  |                   |  |              
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income before income taxes and discontinued operations               |  |                   |  | 1,326              |  | 1,143               |  |                    |   |  | 2,897              |  |                   |  | 399                |  |                    |  | (546               | ) |  |                   |  |                   |  |              
|Income tax benefit                                                          |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income from continuing operations                                    |  |                   |  | 1,326              |  | 1,143               |  |                    |   |  | 2,897              |  |                   |  | 399                |  |                    |  | (546               | ) |  |                   |  |                   |  |              
|Discontinued operations:                                                    |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  |                    |  | (787                | ) |  |                   |  | 103                |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                    |  |                    |   |  |                   |  |                   |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  |                    |  | (787                | ) |  |                   |  | 103                |  |                   |  |                    |  |                   |   |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               
|Net (loss) income                                                           |  |                   |  | 1,326              |  | 1,143               |  | (787                | ) |  | 2,897              |  | 103                |  | 399                |  |                    |  | (546               | ) |  |                   |  |                   |  |              
|                                                                            |  |                    |  |                    |  |                     |  |                     |   |  |                    |  |                    |  |                    |  |                     |  |                    |   |  |                    |  |                    |  |               



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------ |  | ------------------- |  | ------------------ |  | ------------------- | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ |  | ------------------- |  | ------------------
|                                                                            |  | MeriStarSub 2D,LLC |  | MeriStarSub 4F,L.P. |  | MeriStarSub 5K,LLC |  | MeriStarSub 5M,LLC |  | MeriStarSub 1E,L.P. |  | MeriStarSub 5O,LLC |  | MeriStarSub 4B,L.P. |   |  | MeriStarSub 2C,LLC |   |  | MeriStarSub 4G,L.P. |   |  | MeriStarSub 3B,LLC |  | MeriStarSub 5G,L.P. |  | MeriStarSub 5N,LLC
|Revenue:                                                                    |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Hotel operations:                                                           |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Rooms                                                                       |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Food and beverage                                                           |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Other hotel operations                                                      |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Office rental, parking and other revenue                                    |  |                   |  | 14                  |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 21                  |  |                  
|Participating lease revenue                                                 |  |                   |  | 1,476               |  |                   |  | 1,149              |  |                    |  | 542                |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 7,885               |  | 591               
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Total revenue                                                               |  |                   |  | 1,490               |  |                   |  | 1,149              |  |                    |  | 542                |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 7,906               |  | 591               
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Hotel operating expenses:                                                   |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Rooms                                                                       |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Food and beverage                                                           |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Other hotel operating expenses                                              |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Office rental, parking and other expenses                                   |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Other operating expenses:                                                   |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|General and administrative, hotel                                           |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|General and administrative, corporate                                       |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Property operating costs                                                    |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Depreciation and amortization                                               |  |                   |  | 828                 |  |                   |  | 356                |  |                    |  | 172                |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 4,744               |  | 104               
|Property taxes, insurance and other                                         |  |                   |  | 280                 |  |                   |  | 201                |  |                    |  | 77                 |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 1,210               |  | 78                
|Loss on asset impairments                                                   |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Contract termination costs                                                  |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Operating expenses                                                          |  |                   |  | 1,108               |  |                   |  | 557                |  |                    |  | 249                |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 5,954               |  | 182               
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Hurricane business interruption insurance gain                              |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Operating (loss) income                                                     |  |                   |  | 382                 |  |                   |  | 592                |  |                    |  | 293                |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 1,952               |  | 409               
|Minority interest income                                                    |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Interest expense, net                                                       |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Loss on early extinguishments of debt                                       |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|Equity in income from consolidated entities                                 |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income before income taxes and discontinued operations               |  |                   |  | 382                 |  |                   |  | 592                |  |                    |  | 293                |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 1,952               |  | 409               
|Income tax benefit                                                          |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income from continuing operations                                    |  |                   |  | 382                 |  |                   |  | 592                |  |                    |  | 293                |  |                    |   |  |                   |   |  |                    |   |  |                   |  | 1,952               |  | 409               
|Discontinued operations:                                                    |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income from discontinued operations before income tax                |  |                   |  |                    |  | 451                |  |                   |  |                    |  |                   |  | (217                | ) |  | (3,242             | ) |  | (168                | ) |  |                   |  |                    |  |                  
|Income tax (expense) benefit                                                |  |                   |  |                    |  |                   |  |                   |  |                    |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|(Loss) income from discontinued operations                                  |  |                   |  |                    |  | 451                |  |                   |  |                    |  |                   |  | (217                | ) |  | (3,242             | ) |  | (168                | ) |  |                   |  |                    |  |                  
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   
|Net (loss) income                                                           |  |                   |  | 382                 |  | 451                |  | 592                |  |                    |  | 293                |  | (217                | ) |  | (3,242             | ) |  | (168                | ) |  |                   |  | 1,952               |  | 409               
|                                                                            |  |                    |  |                     |  |                    |  |                    |  |                     |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  |                     |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ---------------------------- |  | ------------------------------
|                                                                            |  | MeriStarSub 5P,LLC |  | MeriStarSub 5J,LLC |  | MeriStarSub 5Q,LLC |  | MeriStarSub 5A,LLC |   |  | MeriStarSub 8D,LLC |  | MeriStarSub 4J,LLC |  | MeriStarSub 6K,LLC |  | MeriStarSub 5E,LLC |  | MeriStarSub 6I,LLC |  | MeriStarSub 5I,LLC |  | CapStarCherryHillCompany,LLC |  | MeristarAcquisitionCompany,LLC
|Revenue:                                                                    |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Hotel operations:                                                           |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Rooms                                                                       |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Food and beverage                                                           |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Other hotel operations                                                      |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Office rental, parking and other revenue                                    |  |                   |  |                   |  |                   |  | 78                 |   |  |                   |  | 157                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Participating lease revenue                                                 |  | 587                |  | 6,380              |  | 1,314              |  | 4,545              |   |  |                   |  | 2,144              |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Total revenue                                                               |  | 587                |  | 6,380              |  | 1,314              |  | 4,623              |   |  |                   |  | 2,301              |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Rooms                                                                       |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Food and beverage                                                           |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Other hotel operating expenses                                              |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Office rental, parking and other expenses                                   |  |                   |  |                   |  |                   |  |                   |   |  |                   |  | 337                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Other operating expenses:                                                   |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|General and administrative, hotel                                           |  |                   |  | 28                 |  |                   |  | 2                  |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|General and administrative, corporate                                       |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Property operating costs                                                    |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Depreciation and amortization                                               |  | 3                  |  | 4,232              |  | 441                |  | 798                |   |  |                   |  | 948                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Property taxes, insurance and other                                         |  | 5                  |  | 1,208              |  | 204                |  | 584                |   |  |                   |  | 253                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Loss on asset impairments                                                   |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Contract termination costs                                                  |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Operating expenses                                                          |  | 8                  |  | 5,468              |  | 645                |  | 1,384              |   |  |                   |  | 1,538              |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Operating (loss) income                                                     |  | 579                |  | 912                |  | 669                |  | 3,239              |   |  |                   |  | 763                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Minority interest income                                                    |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Interest expense, net                                                       |  |                   |  |                   |  |                   |  | (2,125             | ) |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|(Loss) income before income taxes and discontinued operations               |  | 579                |  | 912                |  | 669                |  | 1,114              |   |  |                   |  | 763                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Income tax benefit                                                          |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|(Loss) income from continuing operations                                    |  | 579                |  | 912                |  | 669                |  | 1,114              |   |  |                   |  | 763                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Discontinued operations:                                                    |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  |                   |  |                   |   |  | 143                |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  |                   |  |                   |   |  | 143                |  |                   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               
|Net (loss) income                                                           |  | 579                |  | 912                |  | 669                |  | 1,114              |   |  | 143                |  | 763                |  |                   |  |                   |  |                   |  |                   |  |                             |  |                              
|                                                                            |  |                    |  |                    |  |                    |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                    |  |                    |  |                              |  |                               



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|--------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------------- | - |  | -------------------------- | - |  | ------------------------- | - |  | ----------------- | -
|                                                                            |  | MeriStarSub 6A,LLC |  | MeriStarSub 6F,LLC |  | MeriStarHotel Lessee,Inc. |   |  | GuarantorSubsidiariesTotal |   |  | ConsolidationEliminations |   |  | TotalConsolidated |  
|Revenue:                                                                    |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operations:                                                           |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  |                   |  | 378,807                   |   |  | 378,807                    |   |  |                          |   |  | 378,807           |  
|Food and beverage                                                           |  |                   |  |                   |  | 147,936                   |   |  | 147,936                    |   |  |                          |   |  | 147,936           |  
|Other hotel operations                                                      |  |                   |  |                   |  | 43,100                    |   |  | 43,100                     |   |  |                          |   |  | 43,100            |  
|Office rental, parking and other revenue                                    |  |                   |  |                   |  | 160                       |   |  | 2,064                      |   |  |                          |   |  | 4,021             |  
|Participating lease revenue                                                 |  |                   |  |                   |  |                          |   |  | 67,620                     |   |  | (189,150                  | ) |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Total revenue                                                               |  |                   |  |                   |  | 570,003                   |   |  | 639,527                    |   |  | (189,150                  | ) |  | 573,864           |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Hotel operating expenses:                                                   |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Rooms                                                                       |  |                   |  |                   |  | 94,565                    |   |  | 94,565                     |   |  |                          |   |  | 94,565            |  
|Food and beverage                                                           |  |                   |  |                   |  | 109,284                   |   |  | 109,284                    |   |  |                          |   |  | 109,284           |  
|Other hotel operating expenses                                              |  |                   |  |                   |  | 27,290                    |   |  | 27,290                     |   |  |                          |   |  | 27,290            |  
|Office rental, parking and other expenses                                   |  |                   |  |                   |  |                          |   |  | 1,089                      |   |  |                          |   |  | 1,938             |  
|Other operating expenses:                                                   |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|General and administrative, hotel                                           |  |                   |  |                   |  | 91,476                    |   |  | 88,899                     |   |  |                          |   |  | 88,950            |  
|General and administrative, corporate                                       |  |                   |  |                   |  | 167                       |   |  | 167                        |   |  |                          |   |  | 9,625             |  
|Property operating costs                                                    |  |                   |  |                   |  | 85,796                    |   |  | 85,796                     |   |  |                          |   |  | 85,796            |  
|Depreciation and amortization                                               |  |                   |  |                   |  | 98                        |   |  | 26,853                     |   |  |                          |   |  | 72,427            |  
|Property taxes, insurance and other                                         |  |                   |  |                   |  | 185,867                   |   |  | 196,928                    |   |  | (189,150                  | ) |  | 43,337            |  
|Loss on asset impairments                                                   |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|Contract termination costs                                                  |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Operating expenses                                                          |  |                   |  |                   |  | 594,543                   |   |  | 630,871                    |   |  | (189,150                  | ) |  | 533,212           |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Equity in income/loss of and interest earned from unconsolidated affiliates |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 4,800             |  
|Hurricane business interruption insurance gain                              |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Operating (loss) income                                                     |  |                   |  |                   |  | (24,540                   | ) |  | 8,656                      |   |  |                          |   |  | 45,452            |  
|Minority interest income                                                    |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 65                |  
|Interest expense, net                                                       |  |                   |  |                   |  | (5,778                    | ) |  | (8,906                     | ) |  |                          |   |  | (95,586           | )
|Loss on early extinguishments of debt                                       |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | (7,903            | )
|Equity in income from consolidated entities                                 |  |                   |  |                   |  |                          |   |  |                           |   |  | 2,243                     |   |  |                  |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income before income taxes and discontinued operations               |  |                   |  |                   |  | (30,318                   | ) |  | (250                       | ) |  | 2,243                     |   |  | (57,972           | )
|Income tax benefit                                                          |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 604               |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from continuing operations                                    |  |                   |  |                   |  | (30,318                   | ) |  | (250                       | ) |  | 2,243                     |   |  | (57,368           | )
|Discontinued operations:                                                    |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations before income tax                |  |                   |  |                   |  | (24,109                   | ) |  | (28,203                    | ) |  |                          |   |  | (23,223           | )
|Income tax (expense) benefit                                                |  |                   |  |                   |  |                          |   |  |                           |   |  |                          |   |  | 116               |  
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|(Loss) income from discontinued operations                                  |  |                   |  |                   |  | (24,109                   | ) |  | (28,203                    | ) |  |                          |   |  | (23,107           | )
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  
|Net (loss) income                                                           |  |                   |  |                   |  | (54,427                   | ) |  | (28,453                    | ) |  | 2,243                     |   |  | (80,475           | )
|                                                                            |  |                    |  |                    |  |                           |   |  |                            |   |  |                           |   |  |                   |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|-------------------------------------------------------------------------------------------------- |  | --------------------------- | - |  | -------------------------- | - |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------- | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | -
|                                                                                                   |  | MeriStarHospitalityOP, L.P. |   |  | Non- GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | MeriStarSub 8G,LLC |  | AGHUpreit,LLC |  | MeriStarSub 6H,L.P. |   |  | MeriStarSub 8F,L.P. |   |  | MeriStarSub 8B,LLC |   |  | MeriStarSub 1C,LLC |   |  | MeriStarSub 8E,LLC |   |  | MeriStarSub 7F,LLC |  
|Operating activities:                                                                              |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Net (loss) income                                                                                  |  | (130,458                    | ) |  | (54,460                    | ) |  |                   |  |                   |  |              |  | 467                 |   |  | 819                 |   |  | 3,567              |   |  | (2,141             | ) |  | 637                |   |  | 530                |  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Depreciation and amortization                                                                      |  | 11,670                      |   |  | 39,333                     |   |  |                   |  |                   |  |              |  | 447                 |   |  | 481                 |   |  | 1,768              |   |  | 914                |   |  | 411                |   |  | 337                |  
|Equity in earnings of consolidated entities                                                        |  | 57,355                      |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Loss on asset impairments                                                                          |  | 3,228                       |   |  | 37,817                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  | 1,580              |   |  |                   |   |  |                   |  
|Loss on sale of assets, before tax effect                                                          |  | 53                          |   |  | 372                        |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Loss on early extinguishments of debt                                                              |  | 433                         |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Minority interests                                                                                 |  | (36                         | ) |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Equity in loss of unconsolidated affiliate                                                         |  | 1,342                       |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Amortization of unearned stock-based compensation                                                  |  | 848                         |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Deferred income taxes                                                                              |  |                            |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Changes in operating assets and liabilities:                                                       |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  | 40,895                      |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Accounts receivable, net                                                                           |  | (20,663                     | ) |  | 1,106                      |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  | (63                | ) |  |                   |   |  |                   |   |  |                   |  
|Prepaid expenses and other assets                                                                  |  | 2,023                       |   |  | 2,703                      |   |  |                   |  |                   |  |              |  | (26                 | ) |  | (88                 | ) |  | (101               | ) |  | (241               | ) |  | (31                | ) |  | (18                | )
|Receivables from unconsolidated affiliates                                                         |  | 12,128                      |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Due to Interstate Hotels & Resorts                                                                 |  | 801                         |   |  | (597                       | ) |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  | (11,018                     | ) |  | 1,226                      |   |  |                   |  |                   |  |              |  | 65                  |   |  | 214                 |   |  | (79                | ) |  | (7                 | ) |  | (37                | ) |  | 31                 |  
|Due to/from subsidiaries                                                                           |  | 104,600                     |   |  | (49,371                    | ) |  |                   |  |                   |  |              |  | (930                | ) |  | (1,033              | ) |  | 3,474              |   |  | 222                |   |  | (1,299             | ) |  | (1,582             | )
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Net cash provided by (used in) operating activities                                                |  | 73,201                      |   |  | (21,871                    | ) |  |                   |  |                   |  |              |  | 23                  |   |  | 393                 |   |  | 8,566              |   |  | 327                |   |  | (319               | ) |  | (702               | )
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Investing activities:                                                                              |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Acquisition of hotels, net of cash acquired                                                        |  |                            |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Capital expenditures for property and equipment                                                    |  | (31,857                     | ) |  | (50,416                    | ) |  |                   |  |                   |  |              |  | (23                 | ) |  | (393                | ) |  | (8,566             | ) |  | (327               | ) |  | (309               | ) |  | 66                 |  
|Deposit on investment in hotel                                                                     |  |                            |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Proceeds from sales of assets                                                                      |  | 25,325                      |   |  | 14,700                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Estimated insurance proceeds related to capital expenditures                                       |  | 7,700                       |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Decrease (increase) in restricted cash                                                             |  | 48,071                      |   |  | (986                       | ) |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Costs associated with disposition program and other, net                                           |  | (845                        | ) |  | (448                       | ) |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Net cash (used in) provided by investing activities                                                |  | 48,394                      |   |  | (37,150                    | ) |  |                   |  |                   |  |              |  | (23                 | ) |  | (393                | ) |  | (8,566             | ) |  | (327               | ) |  | (309               | ) |  | 66                 |  
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Financing activities:                                                                              |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Prepayments on debt                                                                                |  | (84,461                     | ) |  | (298,110                   | ) |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Scheduled payments on debt                                                                         |  |                            |   |  | (16,056                    | ) |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Proceeds from mortgage loans, net of financing costs                                               |  |                            |   |  | 39,565                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Proceeds from debt issuance, net of financing costs                                                |  |                            |   |  | 320,704                    |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Net borrowings under credit facility revolver, net of financing costs                              |  | (2,481                      | ) |  | 12,918                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  | 628                |   |  | 636                |  
|Distributions to minority investors                                                                |  |                            |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Loans to/from subsidiaries                                                                         |  | (61,000                     | ) |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Proceeds from OP units issuance, net of issuance costs                                             |  | 346                         |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Purchase of subsidiary partnership interests                                                       |  |                            |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Repurchase of OP units under employee stock plans                                                  |  | (851                        | ) |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Other                                                                                              |  |                            |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Net cash (used in) provided by financing activities                                                |  | (148,447                    | ) |  | 59,021                     |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  | 628                |   |  | 636                |  
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                            |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Net (decrease) increase in cash and cash equivalents                                               |  | (26,852                     | ) |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|Cash and cash equivalents, beginning of period                                                     |  | 41,224                      |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  
|Cash and cash equivalents, end of period                                                           |  | 14,372                      |   |  |                           |   |  |                   |  |                   |  |              |  |                    |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  
|                                                                                                   |  |                             |   |  |                            |   |  |                    |  |                    |  |               |  |                     |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|-------------------------------------------------------------------------------------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------
|                                                                                                   |  | MeriStarSub 5L,LLC |   |  | MeriStarSub 3C,LLC |   |  | MeriStarSub 5R,LLC |  | MeriStarSub 8A,LLC |  | MeriStarSub 6D,LLC |   |  | MeriStarSub 6E,LLC |   |  | MeriStarSub 4E,L.P. |   |  | MeriStarSub 1B,LLC |   |  | MeriStarSub 5F,L.P. |   |  | MeriStarSub 6G,LLC |   |  | MeriStarSub 8C,LLC
|Operating activities:                                                                              |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Net (loss) income                                                                                  |  | 418                |   |  | 922                |   |  |                   |  |                   |  | 1,596              |   |  | 2,282              |   |  |                    |   |  | 1,218              |   |  | 1,185               |   |  | 2,378              |   |  |                  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Depreciation and amortization                                                                      |  | 121                |   |  | 464                |   |  |                   |  |                   |  | 321                |   |  | 1,118              |   |  |                    |   |  | 448                |   |  | 462                 |   |  | 510                |   |  |                  
|Equity in earnings of consolidated entities                                                        |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Loss on asset impairments                                                                          |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Loss on sale of assets, before tax effect                                                          |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Loss on early extinguishments of debt                                                              |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Minority interests                                                                                 |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Equity in loss of unconsolidated affiliate                                                         |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Amortization of unearned stock-based compensation                                                  |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Deferred income taxes                                                                              |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Changes in operating assets and liabilities:                                                       |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Accounts receivable, net                                                                           |  | 254                |   |  |                   |   |  |                   |  |                   |  | 16                 |   |  |                   |   |  | 64                  |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Prepaid expenses and other assets                                                                  |  | (77                | ) |  | (18                | ) |  |                   |  |                   |  | (21                | ) |  | (40                | ) |  |                    |   |  | (85                | ) |  | (187                | ) |  | (35                | ) |  |                  
|Receivables from unconsolidated affiliates                                                         |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Due to Interstate Hotels & Resorts                                                                 |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  | 65                 |   |  | 94                 |   |  |                   |  |                   |  | 44                 |   |  | 183                |   |  | (5                  | ) |  | 88                 |   |  | 191                 |   |  | (93                | ) |  |                  
|Due to/from subsidiaries                                                                           |  | 729                |   |  | (1,987             | ) |  |                   |  |                   |  | (1,796             | ) |  | (34,589            | ) |  | (59                 | ) |  | (2,641             | ) |  | 17,789              |   |  | (1,413             | ) |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Net cash provided by (used in) operating activities                                                |  | 1,510              |   |  | (525               | ) |  |                   |  |                   |  | 160                |   |  | (31,046            | ) |  |                    |   |  | (972               | ) |  | 19,440              |   |  | 1,347              |   |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Investing activities:                                                                              |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Acquisition of hotels, net of cash acquired                                                        |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Capital expenditures for property and equipment                                                    |  | (1,510             | ) |  | (604               | ) |  |                   |  |                   |  | (160               | ) |  | (2,731             | ) |  |                    |   |  | (1,242             | ) |  | (19,440             | ) |  | (1,347             | ) |  |                  
|Deposit on investment in hotel                                                                     |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Proceeds from sales of assets                                                                      |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Decrease (increase) in restricted cash                                                             |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  | (32                | ) |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Costs associated with disposition program and other, net                                           |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Net cash (used in) provided by investing activities                                                |  | (1,510             | ) |  | (604               | ) |  |                   |  |                   |  | (160               | ) |  | (2,763             | ) |  |                    |   |  | (1,242             | ) |  | (19,440             | ) |  | (1,347             | ) |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Financing activities:                                                                              |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Prepayments on debt                                                                                |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Scheduled payments on debt                                                                         |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  | (5                 | ) |  |                    |   |  |                   |   |  |                  
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  | 33,809             |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Proceeds from debt issuance, net of financing costs                                                |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |   |  | 1,129              |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  | 2,219              |   |  |                    |   |  |                   |   |  |                  
|Distributions to minority investors                                                                |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Loans to/from subsidiaries                                                                         |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Purchase of subsidiary partnership interests                                                       |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Repurchase of OP units under employee stock plans                                                  |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Other                                                                                              |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Net cash (used in) provided by financing activities                                                |  |                   |   |  | 1,129              |   |  |                   |  |                   |  |                   |   |  | 33,809             |   |  |                    |   |  | 2,214              |   |  |                    |   |  |                   |   |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|Cash and cash equivalents, beginning of period                                                     |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   
|Cash and cash equivalents, end of period                                                           |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|-------------------------------------------------------------------------------------------------- |  | ------------------- |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | --------------------------- | - |  | ------------------ |  | ------------------ |  | ----------------- |  | ------------------ |  | ------------------
|                                                                                                   |  | MeriStarSub 4C,L.P. |  | MeriStarSub 4H,L.P. |   |  | MeriStarSub 7E,LLC |   |  | MeriStarSub 3D,LLC |   |  | MeriStarSub 1A,LLC |   |  | MeriStarSub 7A JointVenture |   |  | MeriStarSub 2B,LLC |  | MeriStarSub 3A,LLC |  | MeriStarSub 4A,LP |  | MeriStarSub 4D,LLC |  | MeriStarSub 2A,LLC
|Operating activities:                                                                              |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Net (loss) income                                                                                  |  |                    |  |                    |   |  | 476                |   |  | (3,223             | ) |  | 168                |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Depreciation and amortization                                                                      |  |                    |  |                    |   |  | 446                |   |  | 481                |   |  | 126                |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Equity in earnings of consolidated entities                                                        |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Loss on asset impairments                                                                          |  |                    |  |                    |   |  |                   |   |  | 3,961              |   |  | 403                |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Loss on sale of assets, before tax effect                                                          |  |                    |  |                    |   |  |                   |   |  |                   |   |  | 37                 |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Loss on early extinguishments of debt                                                              |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Minority interests                                                                                 |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Equity in loss of unconsolidated affiliate                                                         |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Amortization of unearned stock-based compensation                                                  |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Deferred income taxes                                                                              |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Changes in operating assets and liabilities:                                                       |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Accounts receivable, net                                                                           |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  | (44                         | ) |  |                   |  |                   |  |                  |  |                   |  |                  
|Prepaid expenses and other assets                                                                  |  |                    |  |                    |   |  | (27                | ) |  | (50                | ) |  | (96                | ) |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Receivables from unconsolidated affiliates                                                         |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Due to Interstate Hotels & Resorts                                                                 |  |                    |  |                    |   |  |                   |   |  |                   |   |  | (585               | ) |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  |                    |  |                    |   |  | (38                | ) |  | 114                |   |  | (26                | ) |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Due to/from subsidiaries                                                                           |  |                    |  | (1                  | ) |  | (587               | ) |  | (87                | ) |  | (5,124             | ) |  | 44                          |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Net cash provided by (used in) operating activities                                                |  |                    |  | (1                  | ) |  | 270                |   |  | 1,196              |   |  | (5,097             | ) |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Investing activities:                                                                              |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Acquisition of hotels, net of cash acquired                                                        |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Capital expenditures for property and equipment                                                    |  |                    |  | 1                   |   |  | (270               | ) |  | (1,196             | ) |  | 105                |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Deposit on investment in hotel                                                                     |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Proceeds from sales of assets                                                                      |  |                    |  |                    |   |  |                   |   |  |                   |   |  | 5,800              |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Estimated insurance proceeds related to capital expenditures                                       |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Decrease (increase) in restricted cash                                                             |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Costs associated with disposition program and other, net                                           |  |                    |  |                    |   |  |                   |   |  |                   |   |  | (808               | ) |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Net cash (used in) provided by investing activities                                                |  |                    |  | 1                   |   |  | (270               | ) |  | (1,196             | ) |  | 5,097              |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Financing activities:                                                                              |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Prepayments on debt                                                                                |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Scheduled payments on debt                                                                         |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Proceeds from mortgage loans, net of financing costs                                               |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Proceeds from debt issuance, net of financing costs                                                |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Distributions to minority investors                                                                |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Loans to/from subsidiaries                                                                         |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Purchase of subsidiary partnership interests                                                       |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Repurchase of OP units under employee stock plans                                                  |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Other                                                                                              |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Net cash (used in) provided by financing activities                                                |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Net (decrease) increase in cash and cash equivalents                                               |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|Cash and cash equivalents, beginning of period                                                     |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   
|Cash and cash equivalents, end of period                                                           |  |                    |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                            |   |  |                   |  |                   |  |                  |  |                   |  |                  
|                                                                                                   |  |                     |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                             |   |  |                    |  |                    |  |                   |  |                    |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|-------------------------------------------------------------------------------------------------- |  | ------------------ |  | --------------------- | - |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------- |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------- |  | ------------------ | -
|                                                                                                   |  | MeriStarSub 6L,LLC |  | MDVLimitedPartnership |   |  | MeriStarSub 5C,LLC |  | MeriStarSub 6J,LLC |   |  | MeriStarSub 1D,LLC |   |  | MeriStarSub 7B,L.P. |  | MeriStarSub 7D,LLC |   |  | MeriStarSub 7G,LLC |  | MeriStarSub 6B,LLC |   |  | MeriStarSub 4I,L.P. |  | MeriStarSub 5D,LLC |  
|Operating activities:                                                                              |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Net (loss) income                                                                                  |  |                   |  | 117                   |   |  |                   |  | 1,901              |   |  | 2,110              |   |  |                    |  | 2,748              |   |  |                   |  | 511                |   |  |                    |  | (822               | )
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Depreciation and amortization                                                                      |  |                   |  | 141                   |   |  |                   |  | 369                |   |  | 1,550              |   |  |                    |  | 1,076              |   |  |                   |  | 296                |   |  |                    |  | 985                |  
|Equity in earnings of consolidated entities                                                        |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Loss on asset impairments                                                                          |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Loss on sale of assets, before tax effect                                                          |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Loss on early extinguishments of debt                                                              |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Minority interests                                                                                 |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Equity in loss of unconsolidated affiliate                                                         |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Amortization of unearned stock-based compensation                                                  |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Deferred income taxes                                                                              |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Changes in operating assets and liabilities:                                                       |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Accounts receivable, net                                                                           |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  | (131               | ) |  |                   |  |                   |   |  |                    |  |                   |  
|Prepaid expenses and other assets                                                                  |  |                   |  | (33                   | ) |  |                   |  | (16                | ) |  | (550               | ) |  |                    |  | (31                | ) |  |                   |  | (14                | ) |  |                    |  | (94                | )
|Receivables from unconsolidated affiliates                                                         |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Due to Interstate Hotels & Resorts                                                                 |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  |                   |  | (8                    | ) |  |                   |  | 61                 |   |  | 231                |   |  |                    |  | 591                |   |  |                   |  | 7                  |   |  |                    |  | 239                |  
|Due to/from subsidiaries                                                                           |  |                   |  | (134                  | ) |  |                   |  | (1,946             | ) |  | (4,884             | ) |  |                    |  | (5,235             | ) |  |                   |  | (225               | ) |  |                    |  | (10                | )
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Net cash provided by (used in) operating activities                                                |  |                   |  | 83                    |   |  |                   |  | 369                |   |  | (1,543             | ) |  |                    |  | (982               | ) |  |                   |  | 575                |   |  |                    |  | 298                |  
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Investing activities:                                                                              |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Acquisition of hotels, net of cash acquired                                                        |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Capital expenditures for property and equipment                                                    |  |                   |  | (83                   | ) |  |                   |  | (369               | ) |  | (1,639             | ) |  |                    |  | (1,500             | ) |  |                   |  | (575               | ) |  |                    |  | (298               | )
|Deposit on investment in hotel                                                                     |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Proceeds from sales of assets                                                                      |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Decrease (increase) in restricted cash                                                             |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Costs associated with disposition program and other, net                                           |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Net cash (used in) provided by investing activities                                                |  |                   |  | (83                   | ) |  |                   |  | (369               | ) |  | (1,639             | ) |  |                    |  | (1,500             | ) |  |                   |  | (575               | ) |  |                    |  | (298               | )
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Financing activities:                                                                              |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Prepayments on debt                                                                                |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Scheduled payments on debt                                                                         |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Proceeds from debt issuance, net of financing costs                                                |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |  |                      |   |  |                   |  |                   |   |  | 3,182              |   |  |                    |  | 2,482              |   |  |                   |  |                   |   |  |                    |  |                   |  
|Distributions to minority investors                                                                |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Loans to/from subsidiaries                                                                         |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Purchase of subsidiary partnership interests                                                       |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Repurchase of OP units under employee stock plans                                                  |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Other                                                                                              |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Net cash (used in) provided by financing activities                                                |  |                   |  |                      |   |  |                   |  |                   |   |  | 3,182              |   |  |                    |  | 2,482              |   |  |                   |  |                   |   |  |                    |  |                   |  
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|Cash and cash equivalents, beginning of period                                                     |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  
|Cash and cash equivalents, end of period                                                           |  |                   |  |                      |   |  |                   |  |                   |   |  |                   |   |  |                    |  |                   |   |  |                   |  |                   |   |  |                    |  |                   |  
|                                                                                                   |  |                    |  |                       |   |  |                    |  |                    |   |  |                    |   |  |                     |  |                    |   |  |                    |  |                    |   |  |                     |  |                    |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|-------------------------------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------- |  | ------------------ |  | ------------------- | - |  | ------------------ |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------- |  | ------------------
|                                                                                                   |  | MeriStarSub 5H,LLC |  | MeriStarSub 7H,LLC |  | AGHPSS I,Inc. |  | MeriStarSub 2D,LLC |  | MeriStarSub 4F,L.P. |   |  | MeriStarSub 5K,LLC |  | MeriStarSub 5M,LLC |   |  | MeriStarSub 1E,LLC |  | MeriStarSub 5O,LLC |   |  | MeriStarSub 4B,L.P. |  | MeriStarSub 2C,LLC
|Operating activities:                                                                              |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Net (loss) income                                                                                  |  |                   |  |                   |  |              |  |                   |  | 567                 |   |  |                   |  | 857                |   |  |                   |  | 114                |   |  |                    |  |                  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Depreciation and amortization                                                                      |  |                   |  |                   |  |              |  |                   |  | 796                 |   |  |                   |  | 195                |   |  |                   |  | 101                |   |  |                    |  |                  
|Equity in earnings of consolidated entities                                                        |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Loss on asset impairments                                                                          |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Loss on sale of assets, before tax effect                                                          |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Loss on early extinguishments of debt                                                              |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Minority interests                                                                                 |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Equity in loss of unconsolidated affiliate                                                         |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Amortization of unearned stock-based compensation                                                  |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Deferred income taxes                                                                              |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Changes in operating assets and liabilities:                                                       |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Accounts receivable, net                                                                           |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  | 1,691              |   |  |                   |  | 1,269              |   |  |                    |  |                  
|Prepaid expenses and other assets                                                                  |  |                   |  |                   |  |              |  |                   |  | (43                 | ) |  |                   |  | (118               | ) |  |                   |  | (39                | ) |  |                    |  |                  
|Receivables from unconsolidated affiliates                                                         |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Due to Interstate Hotels & Resorts                                                                 |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  |                   |  |                   |  |              |  |                   |  | (134                | ) |  |                   |  | 155                |   |  |                   |  | 55                 |   |  |                    |  |                  
|Due to/from subsidiaries                                                                           |  |                   |  |                   |  |              |  |                   |  | (305                | ) |  |                   |  | 2,239              |   |  |                   |  | 1,507              |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Net cash provided by (used in) operating activities                                                |  |                   |  |                   |  |              |  |                   |  | 881                 |   |  |                   |  | 5,019              |   |  |                   |  | 3,007              |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Investing activities:                                                                              |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Acquisition of hotels, net of cash acquired                                                        |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Capital expenditures for property and equipment                                                    |  |                   |  |                   |  |              |  |                   |  | (881                | ) |  |                   |  | (5,019             | ) |  |                   |  | (3,007             | ) |  |                    |  |                  
|Deposit on investment in hotel                                                                     |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Proceeds from sales of assets                                                                      |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Decrease (increase) in restricted cash                                                             |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Costs associated with disposition program and other, net                                           |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Net cash (used in) provided by investing activities                                                |  |                   |  |                   |  |              |  |                   |  | (881                | ) |  |                   |  | (5,019             | ) |  |                   |  | (3,007             | ) |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Financing activities:                                                                              |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Prepayments on debt                                                                                |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Scheduled payments on debt                                                                         |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Proceeds from debt issuance, net of financing costs                                                |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Distributions to minority investors                                                                |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Loans to/from subsidiaries                                                                         |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Purchase of subsidiary partnership interests                                                       |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Repurchase of OP units under employee stock plans                                                  |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Other                                                                                              |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Net cash (used in) provided by financing activities                                                |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|Cash and cash equivalents, beginning of period                                                     |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   
|Cash and cash equivalents, end of period                                                           |  |                   |  |                   |  |              |  |                   |  |                    |   |  |                   |  |                   |   |  |                   |  |                   |   |  |                    |  |                  
|                                                                                                   |  |                    |  |                    |  |               |  |                    |  |                     |   |  |                    |  |                    |   |  |                    |  |                    |   |  |                     |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|-------------------------------------------------------------------------------------------------- |  | ------------------- |  | ------------------ |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------
|                                                                                                   |  | MeriStarSub 4G,L.P. |  | MeriStarSub 3B,LLC |  | MeriStarSub 5G,L.P. |   |  | MeriStarSub 5N,LLC |   |  | MeriStarSub 5P,LLC |   |  | MeriStarSub 5J,LLC |   |  | MeriStarSub 5Q,LLC |   |  | MeriStarSub 5A,LLC |   |  | MeriStarSub 8D,LLC |   |  | MeriStarSub 4J,LLC |   |  | MeriStarSub 6K,LLC
|Operating activities:                                                                              |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Net (loss) income                                                                                  |  |                    |  |                   |  | 3,213               |   |  | 232                |   |  | 458                |   |  | (2,343             | ) |  | 947                |   |  | 1,869              |   |  |                   |   |  | 616                |   |  |                  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Depreciation and amortization                                                                      |  |                    |  |                   |  | 4,569               |   |  | 54                 |   |  | 3                  |   |  | 2,731              |   |  | 354                |   |  | 800                |   |  |                   |   |  | 985                |   |  |                  
|Equity in earnings of consolidated entities                                                        |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Loss on asset impairments                                                                          |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Loss on sale of assets, before tax effect                                                          |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Loss on early extinguishments of debt                                                              |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Minority interests                                                                                 |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Equity in loss of unconsolidated affiliate                                                         |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Amortization of unearned stock-based compensation                                                  |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Deferred income taxes                                                                              |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Changes in operating assets and liabilities:                                                       |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Accounts receivable, net                                                                           |  |                    |  |                   |  |                    |   |  | 880                |   |  |                   |   |  |                   |   |  | 4,819              |   |  |                   |   |  | 359                |   |  | 1                  |   |  |                  
|Prepaid expenses and other assets                                                                  |  |                    |  |                   |  | (684                | ) |  | (45                | ) |  | (10                | ) |  | (907               | ) |  | (137               | ) |  | (78                | ) |  |                   |   |  | (51                | ) |  |                  
|Receivables from unconsolidated affiliates                                                         |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Due to Interstate Hotels & Resorts                                                                 |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  |                    |  |                   |  | 840                 |   |  | 64                 |   |  |                   |   |  | 489                |   |  | 93                 |   |  | 523                |   |  |                   |   |  | 90                 |   |  |                  
|Due to/from subsidiaries                                                                           |  |                    |  |                   |  | (1,364              | ) |  | 1,196              |   |  | (451               | ) |  | 18,442             |   |  | 920                |   |  | (2,111             | ) |  | (359               | ) |  | (632               | ) |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Net cash provided by (used in) operating activities                                                |  |                    |  |                   |  | 6,574               |   |  | 2,381              |   |  |                   |   |  | 18,412             |   |  | 6,996              |   |  | 1,003              |   |  |                   |   |  | 1,009              |   |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Investing activities:                                                                              |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Acquisition of hotels, net of cash acquired                                                        |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Capital expenditures for property and equipment                                                    |  |                    |  |                   |  | (6,574              | ) |  | (2,381             | ) |  |                   |   |  | (18,412            | ) |  | (6,996             | ) |  | (1,003             | ) |  |                   |   |  | (2,815             | ) |  |                  
|Deposit on investment in hotel                                                                     |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Proceeds from sales of assets                                                                      |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Estimated insurance proceeds related to capital expenditures                                       |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Decrease (increase) in restricted cash                                                             |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Costs associated with disposition program and other, net                                           |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Net cash (used in) provided by investing activities                                                |  |                    |  |                   |  | (6,574              | ) |  | (2,381             | ) |  |                   |   |  | (18,412            | ) |  | (6,996             | ) |  | (1,003             | ) |  |                   |   |  | (2,815             | ) |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Financing activities:                                                                              |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Prepayments on debt                                                                                |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Scheduled payments on debt                                                                         |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Proceeds from mortgage loans, net of financing costs                                               |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Proceeds from debt issuance, net of financing costs                                                |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  | 1,806              |   |  |                  
|Distributions to minority investors                                                                |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Loans to/from subsidiaries                                                                         |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Purchase of subsidiary partnership interests                                                       |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Repurchase of OP units under employee stock plans                                                  |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Other                                                                                              |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Net cash (used in) provided by financing activities                                                |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  | 1,806              |   |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Net (decrease) increase in cash and cash equivalents                                               |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|Cash and cash equivalents, beginning of period                                                     |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   
|Cash and cash equivalents, end of period                                                           |  |                    |  |                   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                  
|                                                                                                   |  |                     |  |                    |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|-------------------------------------------------------------------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------ |  | ---------------------------- |  | ------------------------------ |  | ------------------ |  | ------------------ |  | ------------------------ | - |  | -------------------------- | - |  | ------------------------- | - |  | ----------------- | -
|                                                                                                   |  | MeriStarSub 5E,LLC |  | MeriStarSub 6I,LLC |  | MeriStarSub 5I,LLC |  | CapStarCherryHillCompany,LLC |  | MeristarAcquisitionCompany,LLC |  | MeriStarSub 6A,LLC |  | MeriStarSub 6F,LLC |  | MeriStarHotelLessee,Inc. |   |  | GuarantorSubsidiariesTotal |   |  | ConsolidationEliminations |   |  | TotalConsolidated |  
|Operating activities:                                                                              |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Net (loss) income                                                                                  |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (27,289                  | ) |  | (2,895                     | ) |  | 57,355                    |   |  | (130,458          | )
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Depreciation and amortization                                                                      |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 52                       |   |  | 23,912                     |   |  |                          |   |  | 74,915            |  
|Equity in earnings of consolidated entities                                                        |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  | (57,355                   | ) |  |                  |  
|Loss on asset impairments                                                                          |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  | 5,944                      |   |  |                          |   |  | 46,989            |  
|Loss on sale of assets, before tax effect                                                          |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 2,065                    |   |  | 2,102                      |   |  |                          |   |  | 2,527             |  
|Loss on early extinguishments of debt                                                              |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 433               |  
|Minority interests                                                                                 |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | (36               | )
|Equity in loss of unconsolidated affiliate                                                         |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 1,342             |  
|Amortization of unearned stock-based compensation                                                  |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 848               |  
|Deferred income taxes                                                                              |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  |                  |  
|Changes in operating assets and liabilities:                                                       |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 40,895            |  
|Accounts receivable, net                                                                           |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (9,408                   | ) |  | (293                       | ) |  | 10,907                    |   |  | (8,943            | )
|Prepaid expenses and other assets                                                                  |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 1,798                    |   |  | (2,193                     | ) |  |                          |   |  | 2,533             |  
|Receivables from unconsolidated affiliates                                                         |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 12,128            |  
|Due to Interstate Hotels & Resorts                                                                 |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (6,601                   | ) |  | (7,186                     | ) |  |                          |   |  | (6,982            | )
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 12,244                   |   |  | 16,344                     |   |  | (10,907                   | ) |  | (4,355            | )
|Due to/from subsidiaries                                                                           |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (31,007                  | ) |  | (55,229                    | ) |  |                          |   |  |                  |  
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Net cash provided by (used in) operating activities                                                |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (58,146                  | ) |  | (19,494                    | ) |  |                          |   |  | 31,836            |  
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Investing activities:                                                                              |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Acquisition of hotels, net of cash acquired                                                        |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  |                  |  
|Capital expenditures for property and equipment                                                    |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  | (89,498                    | ) |  |                          |   |  | (171,771          | )
|Deposit on investment in hotel                                                                     |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  |                  |  
|Proceeds from sales of assets                                                                      |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  | 5,800                      |   |  |                          |   |  | 45,825            |  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 7,700             |  
|Decrease (increase) in restricted cash                                                             |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (1,155                   | ) |  | (1,187                     | ) |  |                          |   |  | 45,898            |  
|Costs associated with disposition program and other, net                                           |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (91                      | ) |  | (899                       | ) |  |                          |   |  | (2,192            | )
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Net cash (used in) provided by investing activities                                                |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | (1,246                   | ) |  | (85,784                    | ) |  |                          |   |  | (74,540           | )
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Financing activities:                                                                              |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Prepayments on debt                                                                                |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | (382,571          | )
|Scheduled payments on debt                                                                         |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  | (5                         | ) |  |                          |   |  | (16,061           | )
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  | 33,809                     |   |  |                          |   |  | 73,374            |  
|Proceeds from debt issuance, net of financing costs                                                |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 320,704           |  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  | 12,082                     |   |  |                          |   |  | 22,519            |  
|Distributions to minority investors                                                                |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  |                  |  
|Loans to/from subsidiaries                                                                         |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 61,000                   |   |  | 61,000                     |   |  |                          |   |  |                  |  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | 346               |  
|Purchase of subsidiary partnership interests                                                       |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  |                  |  
|Repurchase of OP units under employee stock plans                                                  |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  | (851              | )
|Other                                                                                              |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  |                  |  
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Net cash (used in) provided by financing activities                                                |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 61,000                   |   |  | 106,886                    |   |  |                          |   |  | 17,460            |  
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  |                         |   |  |                           |   |  |                          |   |  |                  |  
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 1,608                    |   |  | 1,608                      |   |  |                          |   |  | (25,244           | )
|Cash and cash equivalents, beginning of period                                                     |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 19,309                   |   |  | 19,309                     |   |  |                          |   |  | 60,533            |  
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  
|Cash and cash equivalents, end of period                                                           |  |                   |  |                   |  |                   |  |                             |  |                               |  |                   |  |                   |  | 20,917                   |   |  | 20,917                     |   |  |                          |   |  | 35,289            |  
|                                                                                                   |  |                    |  |                    |  |                    |  |                              |  |                                |  |                    |  |                    |  |                          |   |  |                            |   |  |                           |   |  |                   |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|-------------------------------------------------------------------------------------------------- |  | --------------------------- | - |  | ------------------------- | - |  | ------------------ |  | ------------- |  | ------------------ | - |  | ------------------ |  | ------------------- | - |  | ------------------ |  | ------------------- | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | -
|                                                                                                   |  | MeriStarHospitalityOP, L.P. |   |  | Non-GuarantorSubsidiaries |   |  | MeriStarSub 7C,LLC |  | AGHUpreit,LLC |  | MeriStarSub 5N,LLC |   |  | MeriStarSub 8A,LLC |  | MeriStarSub 8F,L.P. |   |  | MeriStarSub 8G,LLC |  | MeriStarSub 6H,L.P. |   |  | MeriStarSub 8B,LLC |   |  | MeriStarSub 1C,L.P. |   |  | MeriStarSub 8E,LLC |  
|Operating activities:                                                                              |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net (loss) income                                                                                  |  | (80,475                     | ) |  | 26,210                    |   |  |                   |  |              |  | 409                |   |  |                   |  | 838                 |   |  |                   |  | 451                 |   |  | 5,552              |   |  | (682                | ) |  | 553                |  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Depreciation and amortization                                                                      |  | 7,944                       |   |  | 41,103                    |   |  |                   |  |              |  | 104                |   |  |                   |  | 493                 |   |  |                   |  | 470                 |   |  | 1,815              |   |  | 1,042               |   |  | 447                |  
|Equity in earnings of consolidated entities                                                        |  | 2,243                       |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Loss on asset impairments                                                                          |  | 4,671                       |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Loss on sale of assets, before tax effect                                                          |  | (358                        | ) |  | (461                      | ) |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Loss on early extinguishments of debt                                                              |  | 7,903                       |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Minority interests                                                                                 |  | (65                         | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Equity in loss of unconsolidated affiliate                                                         |  |                            |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Amortization of unearned stock-based compensation                                                  |  | (3,845                      | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Deferred income taxes                                                                              |  | (357                        | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Changes in operating assets and liabilities:                                                       |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  | (3,071                      | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Accounts receivable, net                                                                           |  | (7,051                      | ) |  | 3,804                     |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Prepaid expenses and other assets                                                                  |  | (2,113                      | ) |  | 2,202                     |   |  |                   |  |              |  | 21                 |   |  |                   |  | 41                  |   |  |                   |  | 9                   |   |  | 48                 |   |  | 95                  |   |  | 12                 |  
|Receivables from unconsolidated affiliates                                                         |  | (4,800                      | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Due to Interstate Hotels & Resorts                                                                 |  | (3,205                      | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  | (16,458                     | ) |  | (2,980                    | ) |  |                   |  |              |  | 67                 |   |  |                   |  | (76                 | ) |  |                   |  | (96                 | ) |  | (2,700             | ) |  | (20                 | ) |  | (27                | )
|Due to/from subsidiaries                                                                           |  | 53,112                      |   |  | 36,751                    |   |  |                   |  |              |  | (509               | ) |  |                   |  | (429                | ) |  |                   |  | (829                | ) |  | 726                |   |  | 128                 |   |  | (664               | )
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net cash provided by (used in) operating activities                                                |  | (45,925                     | ) |  | 106,629                   |   |  |                   |  |              |  | 92                 |   |  |                   |  | 867                 |   |  |                   |  | 5                   |   |  | 5,441              |   |  | 563                 |   |  | 321                |  
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Investing activities:                                                                              |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Acquisition of hotels, net of cash acquired                                                        |  |                            |   |  | (182,375                  | ) |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Capital expenditures for property and equipment                                                    |  | (2,622                      | ) |  | (40,838                   | ) |  |                   |  |              |  | (92                | ) |  |                   |  | (867                | ) |  |                   |  | (5                  | ) |  | (5,441             | ) |  | (563                | ) |  | (321               | )
|Deposit on investment in hotel                                                                     |  | (7,500                      | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from sales of assets                                                                      |  | 43,675                      |   |  | 8,000                     |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Estimated insurance proceeds related to capital expenditures                                       |  |                            |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Decrease (increase) in restricted cash                                                             |  | (16,972                     | ) |  | 616                       |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Costs associated with disposition program and other, net                                           |  | (1,596                      | ) |  | (341                      | ) |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net cash (used in) provided by investing activities                                                |  | 14,985                      |   |  | (214,938                  | ) |  |                   |  |              |  | (92                | ) |  |                   |  | (867                | ) |  |                   |  | (5                  | ) |  | (5,441             | ) |  | (563                | ) |  | (321               | )
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Financing activities:                                                                              |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Prepayments on debt                                                                                |  | (85,318                     | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Scheduled payments on debt                                                                         |  | (5,600                      | ) |  | (1,391                    | ) |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from mortgage loans, net of financing costs                                               |  |                            |   |  | 109,700                   |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from debt issuance, net of issuance costs                                                 |  |                            |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                            |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Distributions to minority investors                                                                |  | (141                        | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Loans to/from subsidiaries                                                                         |  | (61,901                     | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from OP units issuance, net of issuance costs                                             |  | 72,261                      |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Purchase of subsidiary partnership interests                                                       |  | (8,690                      | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Repurchase of OP units under employee stock plans                                                  |  | (160                        | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Other                                                                                              |  | (207                        | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net cash (used in) provided by financing activities                                                |  | (89,756                     | ) |  | 108,309                   |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  | (632                        | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net (decrease) increase in cash and cash equivalents                                               |  | (121,328                    | ) |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Cash and cash equivalents, beginning of period                                                     |  | 218,645                     |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Cash and cash equivalents, end of period                                                           |  | 97,317                      |   |  |                          |   |  |                   |  |              |  |                   |   |  |                   |  |                    |   |  |                   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                             |   |  |                           |   |  |                    |  |               |  |                    |   |  |                    |  |                     |   |  |                    |  |                     |   |  |                    |   |  |                     |   |  |                    |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|-------------------------------------------------------------------------------------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | -------------------
|                                                                                                   |  | MeriStarSub 7F,LLC |   |  | MeriStarSub 5L,LLC |   |  | MeriStarSub 3C,LLC |   |  | MeriStarSub 5R,LLC |  | MeriStarSub 6D,LLC |   |  | MeriStarSub 6E,LLC |   |  | MeriStarSub 4E,L.P. |   |  | MeriStarSub 1B,LLC |   |  | MeriStarSub 5F,L.P. |   |  | MeriStarSub 6G,LLC |   |  | MeriStarSub 8C,LLC |   |  | MeriStarSub 4C,L.P.
|Operating activities:                                                                              |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Net (loss) income                                                                                  |  | 422                |   |  | 505                |   |  | 594                |   |  |                   |  | 985                |   |  | 2,934              |   |  | (461                | ) |  | 1,220              |   |  | 927                 |   |  | 1,843              |   |  | (61                | ) |  |                   
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Depreciation and amortization                                                                      |  | 242                |   |  | 115                |   |  | 533                |   |  |                   |  | 379                |   |  | 1,207              |   |  | 220                 |   |  | 368                |   |  | 587                 |   |  | 544                |   |  |                   |   |  |                   
|Equity in earnings of consolidated entities                                                        |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Loss on asset impairments                                                                          |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  | 1,021               |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Loss on sale of assets, before tax effect                                                          |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  | 110                |   |  |                   
|Loss on early extinguishments of debt                                                              |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Minority interests                                                                                 |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Equity in loss of unconsolidated affiliate                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Amortization of unearned stock-based compensation                                                  |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Deferred income taxes                                                                              |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Changes in operating assets and liabilities:                                                       |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Accounts receivable, net                                                                           |  |                   |   |  |                   |   |  |                   |   |  |                   |  | 7                  |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Prepaid expenses and other assets                                                                  |  | 8                  |   |  | 41                 |   |  | 11                 |   |  |                   |  | 10                 |   |  | 45                 |   |  | 29                  |   |  | 39                 |   |  | 89                  |   |  | 17                 |   |  | 117                |   |  |                   
|Receivables from unconsolidated affiliates                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Due to Interstate Hotels & Resorts                                                                 |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  | (30                | ) |  | 87                 |   |  | 169                |   |  |                   |  | (52                | ) |  | 102                |   |  | (167                | ) |  | (16                | ) |  | 86                  |   |  | 57                 |   |  | 306                |   |  |                   
|Due to/from subsidiaries                                                                           |  | 1,246              |   |  | (367               | ) |  | (1,268             | ) |  |                   |  | (601               | ) |  | (830               | ) |  | (590                | ) |  | (377               | ) |  | 2,698               |   |  | (1,518             | ) |  | (6,002             | ) |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Net cash provided by (used in) operating activities                                                |  | 1,888              |   |  | 381                |   |  | 39                 |   |  |                   |  | 728                |   |  | 3,458              |   |  | 52                  |   |  | 1,234              |   |  | 4,387               |   |  | 943                |   |  | (5,530             | ) |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Investing activities:                                                                              |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Acquisition of hotels, net of cash acquired                                                        |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Capital expenditures for property and equipment                                                    |  | (1,888             | ) |  | (381               | ) |  | (39                | ) |  |                   |  | (728               | ) |  | (3,458             | ) |  | (52                 | ) |  | (1,234             | ) |  | (4,387              | ) |  | (943               | ) |  | 643                |   |  |                   
|Deposit on investment in hotel                                                                     |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Proceeds from sales of assets                                                                      |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  | 5,000              |   |  |                   
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Decrease (increase) in restricted cash                                                             |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Costs associated with disposition program and other, net                                           |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  | (113               | ) |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Net cash (used in) provided by investing activities                                                |  | (1,888             | ) |  | (381               | ) |  | (39                | ) |  |                   |  | (728               | ) |  | (3,458             | ) |  | (52                 | ) |  | (1,234             | ) |  | (4,387              | ) |  | (943               | ) |  | 5,530              |   |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Financing activities:                                                                              |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Prepayments on debt                                                                                |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Scheduled payments on debt                                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Proceeds from debt issuance, net of issuance costs                                                 |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Distributions to minority investors                                                                |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Loans to/from subsidiaries                                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Purchase of subsidiary partnership interests                                                       |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Repurchase of OP units under employee stock plans                                                  |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Other                                                                                              |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Net cash (used in) provided by financing activities                                                |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|Cash and cash equivalents, beginning of period                                                     |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    
|Cash and cash equivalents, end of period                                                           |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|-------------------------------------------------------------------------------------------------- |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | -------------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | --------------------- | -
|                                                                                                   |  | MeriStarSub 4H,L.P. |   |  | MeriStarSub 7E,LLC |   |  | MeriStarSub 3D,LLC |   |  | MeriStarSub 1A,LLC |   |  | MeriStarSub 7AJointVenture |   |  | MeriStarSub 2B,LLC |   |  | MeriStarSub 3A,LLC |   |  | MeriStarSub 4A,LLC |   |  | MeriStarSub 4D,LLC |   |  | MeriStarSub 2A,LLC |   |  | MeriStarSub 6L,LLC |   |  | MDVLimitedPartnership |  
|Operating activities:                                                                              |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Net (loss) income                                                                                  |  | (403                | ) |  | 406                |   |  | 450                |   |  | (758               | ) |  | (732                       | ) |  |                   |   |  | 89                 |   |  | 97                 |   |  |                   |   |  |                   |   |  | 1,852              |   |  | 186                   |  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating
activities: |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Depreciation and amortization                                                                      |  | 43                  |   |  | 478                |   |  | 542                |   |  | 197                |   |  | 121                        |   |  |                   |   |  | 51                 |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  | 105                   |  
|Equity in earnings of consolidated entities                                                        |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Loss on asset impairments                                                                          |  |                    |   |  |                   |   |  |                   |   |  | 1,441              |   |  | 1,005                      |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Loss on sale of assets, before tax effect                                                          |  | 365                 |   |  |                   |   |  |                   |   |  |                   |   |  | 55                         |   |  |                   |   |  | (20                | ) |  | 45                 |   |  |                   |   |  |                   |   |  | (1,827             | ) |  |                      |  
|Loss on early extinguishments of debt                                                              |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Minority interests                                                                                 |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Equity in loss of unconsolidated affiliate                                                         |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Amortization of unearned stock-based compensation                                                  |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Deferred income taxes                                                                              |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Changes in operating assets and liabilities:                                                       |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Accounts receivable, net                                                                           |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  | 44                         |   |  | 2,345              |   |  |                   |   |  |                   |   |  |                   |   |  | 2,002              |   |  | (178               | ) |  |                      |  
|Prepaid expenses and other assets                                                                  |  | (8                  | ) |  | 11                 |   |  | 21                 |   |  | 43                 |   |  | 1                          |   |  |                   |   |  | 1                  |   |  | (9                 | ) |  | 3                  |   |  |                   |   |  | 15                 |   |  | 15                    |  
|Receivables from unconsolidated affiliates                                                         |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Due to Interstate Hotels & Resorts                                                                 |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  | (178                | ) |  | (32                | ) |  | 106                |   |  | 52                 |   |  | (150                       | ) |  | 8                  |   |  | (161               | ) |  | (342               | ) |  |                   |   |  | 8                  |   |  | (25                | ) |  | 24                    |  
|Due to/from subsidiaries                                                                           |  | (4,747              | ) |  | 918                |   |  | (868               | ) |  | (719               | ) |  | (4,977                     | ) |  | (2,353             | ) |  | (3,157             | ) |  | (3,092             | ) |  | (3                 | ) |  | (2,010             | ) |  | (12,232            | ) |  | (264                  | )
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Net cash provided by (used in) operating activities                                                |  | (4,928              | ) |  | 1,781              |   |  | 251                |   |  | 256                |   |  | (4,633                     | ) |  |                   |   |  | (3,197             | ) |  | (3,301             | ) |  |                   |   |  |                   |   |  | (12,395            | ) |  | 66                    |  
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Investing activities:                                                                              |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Acquisition of hotels, net of cash acquired                                                        |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Capital expenditures for property and equipment                                                    |  | 469                 |   |  | (1,781             | ) |  | (251               | ) |  | (256               | ) |  | (12                        | ) |  |                   |   |  | 138                |   |  | (20                | ) |  |                   |   |  |                   |   |  | (1,911             | ) |  | (66                   | )
|Deposit on investment in hotel                                                                     |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Proceeds from sales of assets                                                                      |  | 4,650               |   |  |                   |   |  |                   |   |  |                   |   |  | 4,850                      |   |  |                   |   |  | 3,300              |   |  | 3,575              |   |  |                   |   |  |                   |   |  | 14,775             |   |  |                      |  
|Estimated insurance proceeds related to capital expenditures                                       |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Decrease (increase) in restricted cash                                                             |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Costs associated with disposition program and other, net                                           |  | (191                | ) |  |                   |   |  |                   |   |  |                   |   |  | (205                       | ) |  |                   |   |  | (241               | ) |  | (254               | ) |  |                   |   |  |                   |   |  | (469               | ) |  |                      |  
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Net cash (used in) provided by investing activities                                                |  | 4,928               |   |  | (1,781             | ) |  | (251               | ) |  | (256               | ) |  | 4,633                      |   |  |                   |   |  | 3,197              |   |  | 3,301              |   |  |                   |   |  |                   |   |  | 12,395             |   |  | (66                   | )
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Financing activities:                                                                              |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Prepayments on debt                                                                                |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Scheduled payments on debt                                                                         |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Proceeds from mortgage loans, net of financing costs                                               |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Proceeds from debt issuance, net of issuance costs                                                 |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Distributions to minority investors                                                                |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Loans to/from subsidiaries                                                                         |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Purchase of subsidiary partnership interests                                                       |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Repurchase of OP units under employee stock plans                                                  |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Other                                                                                              |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Net cash (used in) provided by financing activities                                                |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Net (decrease) increase in cash and cash equivalents                                               |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|Cash and cash equivalents, beginning of period                                                     |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  
|Cash and cash equivalents, end of period                                                           |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                           |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                      |  
|                                                                                                   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                            |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                       |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|-------------------------------------------------------------------------------------------------- |  | ------------------ |  | ------------------ | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------- | -
|                                                                                                   |  | MeriStarSub 5C,LLC |  | MeriStarSub 6J,LLC |   |  | MeriStarSub 1D,LLC |   |  | MeriStarSub 7B,L.P. |   |  | MeriStarSub 7D,LLC |   |  | MeriStarSub 7G,LLC |   |  | MeriStarSub 6B,LLC |   |  | MeriStarSub 4I,L.P. |   |  | MeriStarSub 5D,LLC |   |  | MeriStarSub 5H,LLC |   |  | MeriStarSub 7H,LLC |   |  | AGHPSS I,Inc. |  
|Operating activities:                                                                              |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Net (loss) income                                                                                  |  |                   |  | 1,326              |   |  | 1,143              |   |  | (787                | ) |  | 2,897              |   |  | 103                |   |  | 399                |   |  |                    |   |  | (546               | ) |  |                   |   |  |                   |   |  |              |  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Depreciation and amortization                                                                      |  |                   |  | 418                |   |  | 1,704              |   |  | 99                  |   |  | 1,214              |   |  | 49                 |   |  | 335                |   |  |                    |   |  | 1,089              |   |  |                   |   |  |                   |   |  |              |  
|Equity in earnings of consolidated entities                                                        |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Loss on asset impairments                                                                          |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Loss on sale of assets, before tax effect                                                          |  |                   |  |                   |   |  |                   |   |  | 1,035               |   |  |                   |   |  | (39                | ) |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Loss on early extinguishments of debt                                                              |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Minority interests                                                                                 |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Equity in loss of unconsolidated affiliate                                                         |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Amortization of unearned stock-based compensation                                                  |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Deferred income taxes                                                                              |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Changes in operating assets and liabilities:                                                       |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Accounts receivable, net                                                                           |  |                   |  |                   |   |  |                   |   |  |                    |   |  | 283                |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  | 46                 |   |  | 43                 |   |  |              |  
|Prepaid expenses and other assets                                                                  |  |                   |  | 11                 |   |  | 262                |   |  | 1                   |   |  | 47                 |   |  |                   |   |  | 7                  |   |  |                    |   |  | 46                 |   |  | 1                  |   |  |                   |   |  | 1             |  
|Receivables from unconsolidated affiliates                                                         |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Due to Interstate Hotels & Resorts                                                                 |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  |                   |  | 206                |   |  | 335                |   |  | (1,080              | ) |  | 84                 |   |  | 6                  |   |  | (70                | ) |  | 61                  |   |  | 393                |   |  | 2                  |   |  |                   |   |  |              |  
|Due to/from subsidiaries                                                                           |  |                   |  | (1,600             | ) |  | (2,941             | ) |  | (4,074              | ) |  | (2,205             | ) |  | (2,020             | ) |  | 215                |   |  | (61                 | ) |  | (780               | ) |  | (49                | ) |  | (43                | ) |  | (1            | )
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Net cash provided by (used in) operating activities                                                |  |                   |  | 361                |   |  | 503                |   |  | (4,806              | ) |  | 2,320              |   |  | (1,901             | ) |  | 886                |   |  |                    |   |  | 202                |   |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Investing activities:                                                                              |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Acquisition of hotels, net of cash acquired                                                        |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Capital expenditures for property and equipment                                                    |  |                   |  | (361               | ) |  | (503               | ) |  | 711                 |   |  | (2,320             | ) |  | (38                | ) |  | (886               | ) |  |                    |   |  | (202               | ) |  |                   |   |  |                   |   |  |              |  
|Deposit on investment in hotel                                                                     |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Proceeds from sales of assets                                                                      |  |                   |  |                   |   |  |                   |   |  | 4,500               |   |  |                   |   |  | 2,300              |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Decrease (increase) in restricted cash                                                             |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Costs associated with disposition program and other, net                                           |  |                   |  |                   |   |  |                   |   |  | (405                | ) |  |                   |   |  | (361               | ) |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Net cash (used in) provided by investing activities                                                |  |                   |  | (361               | ) |  | (503               | ) |  | 4,806               |   |  | (2,320             | ) |  | 1,901              |   |  | (886               | ) |  |                    |   |  | (202               | ) |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Financing activities:                                                                              |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Prepayments on debt                                                                                |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Scheduled payments on debt                                                                         |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Proceeds from debt issuance, net of issuance costs                                                 |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Distributions to minority investors                                                                |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Loans to/from subsidiaries                                                                         |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Purchase of subsidiary partnership interests                                                       |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Repurchase of OP units under employee stock plans                                                  |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Other                                                                                              |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Net cash (used in) provided by financing activities                                                |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|Cash and cash equivalents, beginning of period                                                     |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  
|Cash and cash equivalents, end of period                                                           |  |                   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |              |  
|                                                                                                   |  |                    |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |               |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|-------------------------------------------------------------------------------------------------- |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | - |  | ------------------- | - |  | ------------------ | -
|                                                                                                   |  | MeriStarSub 2D,LLC |   |  | MeriStarSub 4F,L.P. |   |  | MeriStarSub 5K,LLC |   |  | MeriStarSub 5M,LLC |   |  | MeriStarSub 1E,LLC |   |  | MeriStarSub 5O,LLC |   |  | MeriStarSub 4B,L.P. |   |  | MeriStarSub 2C,LLC |   |  | MeriStarSub 4G,L.P. |   |  | MeriStarSub 3B,LLC |   |  | MeriStarSub 5G,L.P. |   |  | MeriStarSub 5P,LLC |  
|Operating activities:                                                                              |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net (loss) income                                                                                  |  |                   |   |  | 382                 |   |  | 451                |   |  | 592                |   |  |                   |   |  | 293                |   |  | (217                | ) |  | (3,242             | ) |  | (168                | ) |  |                   |   |  | 1,952               |   |  | 579                |  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating
activities: |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Depreciation and amortization                                                                      |  |                   |   |  | 828                 |   |  | 972                |   |  | 356                |   |  |                   |   |  | 172                |   |  |                    |   |  |                   |   |  | 333                 |   |  |                   |   |  | 4,744               |   |  | 3                  |  
|Equity in earnings of consolidated entities                                                        |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Loss on asset impairments                                                                          |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  | 903                |   |  | 981                 |   |  |                   |   |  |                    |   |  |                   |  
|Loss on sale of assets, before tax effect                                                          |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  | 215                 |   |  | 2,210              |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Loss on early extinguishments of debt                                                              |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Minority interests                                                                                 |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Equity in loss of unconsolidated affiliate                                                         |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Amortization of unearned stock-based compensation                                                  |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Deferred income taxes                                                                              |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Changes in operating assets and liabilities:                                                       |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Accounts receivable, net                                                                           |  | 1,166              |   |  |                    |   |  |                   |   |  |                   |   |  | 198                |   |  |                   |   |  |                    |   |  | (6                 | ) |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Prepaid expenses and other assets                                                                  |  |                   |   |  | 18                  |   |  | 92                 |   |  | 54                 |   |  | (1                 | ) |  | 19                 |   |  | (4                  | ) |  | (232               | ) |  | 115                 |   |  | (3                 | ) |  | 47                  |   |  | 5                  |  
|Receivables from unconsolidated affiliates                                                         |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Due to Interstate Hotels & Resorts                                                                 |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  | 1                  |   |  | (116                | ) |  | (1,419             | ) |  | 147                |   |  | (14                | ) |  | 65                 |   |  | (410                | ) |  | (293               | ) |  | (229                | ) |  |                   |   |  | 89                  |   |  |                   |  
|Due to/from subsidiaries                                                                           |  | (1,167             | ) |  | 901                 |   |  | 421                |   |  | (980               | ) |  | (183               | ) |  | (383               | ) |  | (6,742              | ) |  | 12,076             |   |  | (1,241              | ) |  | 3                  |   |  | (1,150              | ) |  | (587               | )
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net cash provided by (used in) operating activities                                                |  |                   |   |  | 2,013               |   |  | 517                |   |  | 169                |   |  |                   |   |  | 166                |   |  | (7,158              | ) |  | 11,416             |   |  | (209                | ) |  |                   |   |  | 5,682               |   |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Investing activities:                                                                              |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Acquisition of hotels, net of cash acquired                                                        |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Capital expenditures for property and equipment                                                    |  |                   |   |  | (2,013              | ) |  | (517               | ) |  | (169               | ) |  |                   |   |  | (166               | ) |  | 140                 |   |  | 573                |   |  | 209                 |   |  |                   |   |  | (5,682              | ) |  |                   |  
|Deposit on investment in hotel                                                                     |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from sales of assets                                                                      |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  | 7,500               |   |  | 8,398              |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Decrease (increase) in restricted cash                                                             |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Costs associated with disposition program and other, net                                           |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  | (482                | ) |  | (656               | ) |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net cash (used in) provided by investing activities                                                |  |                   |   |  | (2,013              | ) |  | (517               | ) |  | (169               | ) |  |                   |   |  | (166               | ) |  | 7,158               |   |  | 8,315              |   |  | 209                 |   |  |                   |   |  | (5,682              | ) |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Financing activities:                                                                              |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Prepayments on debt                                                                                |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  | (19,731            | ) |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Scheduled payments on debt                                                                         |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from debt issuance, net of issuance costs                                                 |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Distributions to minority investors                                                                |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Loans to/from subsidiaries                                                                         |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Purchase of subsidiary partnership interests                                                       |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Repurchase of OP units under employee stock plans                                                  |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Other                                                                                              |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net cash (used in) provided by financing activities                                                |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  | (19,731            | ) |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|Cash and cash equivalents, beginning of period                                                     |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  
|Cash and cash equivalents, end of period                                                           |  |                   |   |  |                    |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |   |  |                    |   |  |                   |  
|                                                                                                   |  |                    |   |  |                     |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |   |  |                     |   |  |                    |  



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|-------------------------------------------------------------------------------------------------- |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ | - |  | ------------------ |  | ------------------ |  | ------------------ |  | ------------------ |  | ---------------------------- |  | ------------------------------ |  | ------------------
|                                                                                                   |  | MeriStarSub 5J,LLC |   |  | MeriStarSub 5Q,LLC |   |  | MeriStarSub 5A,LLC |   |  | MeriStarSub 8D,LLC |   |  | MeriStarSub 4J,LLC |   |  | MeriStarSub 6K,LLC |  | MeriStarSub 5E,LLC |  | MeriStarSub 6I,LLC |  | MeriStarSub 5I,LLC |  | CapStarCherryHillCompany,LLC |  | MeristarAcquisitionCompany,LLC |  | MeriStarSub 6A,LLC
|Operating activities:                                                                              |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Net (loss) income                                                                                  |  | 912                |   |  | 669                |   |  | 1,114              |   |  | 143                |   |  | 763                |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Depreciation and amortization                                                                      |  | 4,232              |   |  | 441                |   |  | 798                |   |  |                   |   |  | 948                |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Equity in earnings of consolidated entities                                                        |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Loss on asset impairments                                                                          |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Loss on sale of assets, before tax effect                                                          |  |                   |   |  |                   |   |  |                   |   |  | 899                |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Loss on early extinguishments of debt                                                              |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Minority interests                                                                                 |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Equity in loss of unconsolidated affiliate                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Amortization of unearned stock-based compensation                                                  |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Deferred income taxes                                                                              |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Changes in operating assets and liabilities:                                                       |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Accounts receivable, net                                                                           |  |                   |   |  |                   |   |  |                   |   |  | (359               | ) |  | (5                 | ) |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Prepaid expenses and other assets                                                                  |  | 278                |   |  | 65                 |   |  | 38                 |   |  | 14                 |   |  | 24                 |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Receivables from unconsolidated affiliates                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Due to Interstate Hotels & Resorts                                                                 |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  | 761                |   |  | 260                |   |  | 740                |   |  | 183                |   |  | 144                |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Due to/from subsidiaries                                                                           |  | (1,439             | ) |  | (994               | ) |  | (1,702             | ) |  | (9,977             | ) |  | (79                | ) |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Net cash provided by (used in) operating activities                                                |  | 4,744              |   |  | 441                |   |  | 988                |   |  | (9,097             | ) |  | 1,795              |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Investing activities:                                                                              |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Acquisition of hotels, net of cash acquired                                                        |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Capital expenditures for property and equipment                                                    |  | (4,744             | ) |  | (441               | ) |  | (988               | ) |  | 636                |   |  | (1,795             | ) |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Deposit on investment in hotel                                                                     |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Proceeds from sales of assets                                                                      |  |                   |   |  |                   |   |  |                   |   |  | 8,800              |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Decrease (increase) in restricted cash                                                             |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Costs associated with disposition program and other, net                                           |  |                   |   |  |                   |   |  |                   |   |  | (339               | ) |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Net cash (used in) provided by investing activities                                                |  | (4,744             | ) |  | (441               | ) |  | (988               | ) |  | 9,097              |   |  | (1,795             | ) |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Financing activities:                                                                              |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Prepayments on debt                                                                                |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Scheduled payments on debt                                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Proceeds from debt issuance, net of issuance costs                                                 |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Distributions to minority investors                                                                |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Loans to/from subsidiaries                                                                         |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Purchase of subsidiary partnership interests                                                       |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Repurchase of OP units under employee stock plans                                                  |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Other                                                                                              |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Net cash (used in) provided by financing activities                                                |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|Cash and cash equivalents, beginning of period                                                     |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   
|Cash and cash equivalents, end of period                                                           |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |   |  |                   |  |                   |  |                   |  |                   |  |                             |  |                               |  |                  
|                                                                                                   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |   |  |                    |  |                    |  |                    |  |                    |  |                              |  |                                |  |                   



---

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)



|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|-------------------------------------------------------------------------------------------------- |  | ------------------ |  | ------------------------- | - |  | -------------------------- | - |  | ------------ | - |  | ----------------- | -
|                                                                                                   |  | MeriStarSub 6F,LLC |  | MeriStarHotel Lessee,Inc. |   |  | GuarantorSubsidiariesTotal |   |  | Eliminations |   |  | TotalConsolidated |  
|Operating activities:                                                                              |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Net (loss) income                                                                                  |  |                   |  | (54,427                   | ) |  | (28,453                    | ) |  | 2,243        |   |  | (80,475           | )
|Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Depreciation and amortization                                                                      |  |                   |  | 98                        |   |  | 28,936                     |   |  |             |   |  | 77,983            |  
|Equity in earnings of consolidated entities                                                        |  |                   |  |                          |   |  |                           |   |  | (2,243       | ) |  |                  |  
|Loss on asset impairments                                                                          |  |                   |  |                          |   |  | 5,351                      |   |  |             |   |  | 10,022            |  
|Loss on sale of assets, before tax effect                                                          |  |                   |  | 11,533                    |   |  | 14,581                     |   |  |             |   |  | 13,762            |  
|Loss on early extinguishments of debt                                                              |  |                   |  |                          |   |  |                           |   |  |             |   |  | 7,903             |  
|Minority interests                                                                                 |  |                   |  |                          |   |  |                           |   |  |             |   |  | (65               | )
|Equity in loss of unconsolidated affiliate                                                         |  |                   |  |                           |   |  |                           |   |  |              |   |  |                  |  
|Amortization of unearned stock-based compensation                                                  |  |                   |  |                          |   |  |                           |   |  |             |   |  | (3,845            | )
|Deferred income taxes                                                                              |  |                   |  |                          |   |  |                           |   |  |             |   |  | (357              | )
|Changes in operating assets and liabilities:                                                       |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Insurance claim receivable, less capital expenditure proceeds                                      |  |                   |  |                          |   |  |                           |   |  |             |   |  | (3,071            | )
|Accounts receivable, net                                                                           |  |                   |  | (609                      | ) |  | 4,977                      |   |  | 6,612        |   |  | 8,342             |  
|Prepaid expenses and other assets                                                                  |  |                   |  | 7,266                     |   |  | 8,896                      |   |  |             |   |  | 8,985             |  
|Receivables from unconsolidated affiliates                                                         |  |                   |  |                          |   |  |                           |   |  |             |   |  | (4,800            | )
|Due to Interstate Hotels & Resorts                                                                 |  |                   |  | (5,853                    | ) |  | (5,853                     | ) |  |             |   |  | (9,058            | )
|Accounts payable, accrued expenses, accrued interest and other liabilities                         |  |                   |  | 9,722                     |   |  | 6,568                      |   |  | (6,612       | ) |  | (19,482           | )
|Due to/from subsidiaries                                                                           |  |                   |  | (20,391                   | ) |  | (89,863                    | ) |  |             |   |  |                  |  
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Net cash provided by (used in) operating activities                                                |  |                   |  | (52,661                   | ) |  | (54,860                    | ) |  |             |   |  | 5,844             |  
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Investing activities:                                                                              |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Acquisition of hotels, net of cash acquired                                                        |  |                   |  |                          |   |  |                           |   |  |             |   |  | (182,375          | )
|Capital expenditures for property and equipment                                                    |  |                   |  | (170                      | ) |  | (42,172                    | ) |  |             |   |  | (85,632           | )
|Deposit on investment in hotel                                                                     |  |                   |  |                          |   |  |                           |   |  |             |   |  | (7,500            | )
|Proceeds from sales of assets                                                                      |  |                   |  |                          |   |  | 67,648                     |   |  |             |   |  | 119,323           |  
|Estimated insurance proceeds related to capital expenditures                                       |  |                   |  |                          |   |  |                           |   |  |             |   |  |                  |  
|Decrease (increase) in restricted cash                                                             |  |                   |  | (831                      | ) |  | (831                       | ) |  |             |   |  | (17,187           | )
|Costs associated with disposition program and other, net                                           |  |                   |  |                          |   |  | (3,716                     | ) |  |             |   |  | (5,653            | )
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Net cash (used in) provided by investing activities                                                |  |                   |  | (1,001                    | ) |  | 20,929                     |   |  |             |   |  | (179,024          | )
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Financing activities:                                                                              |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Prepayments on debt                                                                                |  |                   |  |                          |   |  | (19,731                    | ) |  |             |   |  | (105,049          | )
|Scheduled payments on debt                                                                         |  |                   |  |                          |   |  |                           |   |  |             |   |  | (6,991            | )
|Proceeds from mortgage loans, net of financing costs                                               |  |                   |  |                          |   |  |                           |   |  |             |   |  | 109,700           |  
|Proceeds from debt issuance, net of issuance costs                                                 |  |                   |  |                          |   |  |                           |   |  |             |   |  |                  |  
|Net borrowings under credit facility revolver, net of financing costs                              |  |                   |  |                          |   |  |                           |   |  |             |   |  |                  |  
|Distributions to minority investors                                                                |  |                   |  |                          |   |  |                           |   |  |             |   |  | (141              | )
|Loans to/from subsidiaries                                                                         |  |                   |  | 61,901                    |   |  | 61,901                     |   |  |             |   |  |                  |  
|Proceeds from OP units issuance, net of issuance costs                                             |  |                   |  |                          |   |  |                           |   |  |             |   |  | 72,261            |  
|Purchase of subsidiary partnership interests                                                       |  |                   |  |                          |   |  |                           |   |  |             |   |  | (8,690            | )
|Repurchase of OP units under employee stock plans                                                  |  |                   |  |                          |   |  |                           |   |  |             |   |  | (160              | )
|Other                                                                                              |  |                   |  |                          |   |  |                           |   |  |             |   |  | (207              | )
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Net cash (used in) provided by financing activities                                                |  |                   |  | 61,901                    |   |  | 42,170                     |   |  |             |   |  | 60,723            |  
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Effect of exchange rate changes on cash and cash equivalents                                       |  |                   |  |                          |   |  |                           |   |  |             |   |  | (632              | )
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Net (decrease) increase in cash and cash equivalents                                               |  |                   |  | 8,239                     |   |  | 8,239                      |   |  |             |   |  | (113,089          | )
|Cash and cash equivalents, beginning of period                                                     |  |                   |  | 12,231                    |   |  | 12,231                     |   |  |             |   |  | 230,876           |  
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |  
|Cash and cash equivalents, end of period                                                           |  |                   |  | 20,470                    |   |  | 20,470                     |   |  |             |   |  | 117,787           |  
|                                                                                                   |  |                    |  |                           |   |  |                            |   |  |              |   |  |                   |