Document:

EXHIBIT 10.110

                                PLEDGE AGREEMENT

         THIS PLEDGE  AGREEMENT  (this "Pledge  Agreement")  is made and entered
into as of this 8th day of  September,  2000,  between  APPLE  SUITES,  INC.,  a
Virginia corporation  (hereinafter referred to as the "Pledgor") and FIRST UNION
NATIONAL BANK, a national banking  association  (hereinafter  referred to as the
"Pledgee");

                                   WITNESSETH:

         WHEREAS,  Pledgor and Pledgee have  entered  into that  certain  Credit
Agreement dated as of September 8, 2000 (the "Credit Agreement" with capitalized
terms not otherwise  defined herein used with the same meanings as in the Credit
Agreement); and

         WHEREAS,  as a condition  precedent to the  effectiveness of the Credit
Agreement the Pledgor is required to execute and deliver this Pledge Agreement.

         NOW,  THEREFORE,  in  consideration of the foregoing and other good and
valuable  consideration,  the  receipt  and  sufficiency  of  which  are  hereby
acknowledged  by the parties  hereto,  each to the other,  the parties hereto do
hereby agree as follows:

         1. CREATION OF PLEDGE  INTEREST.  As collateral  pledge for the due and
punctual payment and performance of the  Obligations,  Pledgor hereby sets over,
transfers,  hypothecates,  grants, assigns,  pledges and conveys to Pledgee, its
successors and assigns,  a pledge and continuing  Pledge  interest in and to one
hundred percent (100%) of Pledgor's  ownership interest in Apple Suites General,
Inc.;  Apple Suites,  L.P., Inc.; Apple Suites SPE I, Inc.; Apple Suites SPE II,
Inc. and Apple Suites  Pennsylvania  Business Trust (the "Subsidiary  Interest")
and its interest in all Equity Proceeds (the "Equity Interest") and all proceeds
thereof (the "Collateral").

         2. PROTECTION OF PLEDGE INTEREST.

            a. Pledgor  will,  upon request of Pledgee,  execute such  financing
statements,  notices  of  lien,  notices  of  assignment  and  continuations  or
amendments to any of the  foregoing,  and other  documents (and pay the costs of
filing or  recording  the same in all public  offices  deemed  necessary  by the
Pledgee) and do such other acts and things, all as Pledgee may from time to time
request to establish and maintain a valid Pledge  interest in the  Collateral to
secure  the  payment  and  performance  of  the   Obligations.   Pledgor  hereby
constitutes  and appoints the  President  and any Vice  President of the general
partner of  Pledgee as its  attorney-in-fact  with full power and  authority  to
execute  all  documents  necessary  to  perfect  and keep  perfected  the Pledge
interest  created hereby.  This power of attorney is a special power of attorney
coupled with an interest and shall be irrevocable by Pledgor.

            b. Pledgor will furnish the Pledgee such information  concerning the
Pledgor and the Collateral as Pledgee may from time to time reasonably request.

<PAGE>

            c. To the extent that Pledgor's  Subsidiary  Interest is represented
by stock certificates,  Pledgor shall deliver such stock certificates to Pledgee
along  with  either  an   appropriate   endorsement   on  each   certificate  or
properly-executed stock powers in form and substance satisfactory to Lender.

            d.  Pledgor  will,  concurrently  with the  granting  of this Pledge
interest in the Collateral,  place notations on its books and records disclosing
the  Pledge   interest  of  Pledgee  in  such  Collateral  and  will  cause  its
Subsidiaries   to  make  such   notations  on  the  books  and  records  of  the
Subsidiaries.

            e.  Pledgor  will  reimburse  Pledgee  for all  expenses,  including
reasonable attorneys' fees and disbursements, incurred by Pledgee, in seeking to
collect or enforce any rights  hereunder,  and, in case of Default,  incurred by
Pledgee in seeking to collect the obligations and liabilities of Pledgor secured
hereby and to enforce its rights hereunder.

         3. VOTING AND SALE.

            a. At all times prior to Default,  Pledgor shall have the right,  in
its  discretion,  to cast all votes  required  with  respect  to the  Subsidiary
Interest.  Pledgor  agrees  that from and after any  Default,  then any votes or
consents  which may be sought  from the  Pledgor  as an owner of the  Subsidiary
Interest will be made by the Pledgee.

            b. At all times prior to a Default,  the Pledgee  acknowledges  that
the Pledgor is entitled to all dividends or  distributions  which may be made to
Pledgor as a result of Pledgor's ownership of the Subsidiary Interest (each such
payment, a "Collateral  Payment").  Upon the request of the Lender following the
occurrence and during the continuance of an Event of Default (and subject to the
requirements  of applicable  law),  the Pledgor will notify and direct any party
who is or might become obligated to make any Collateral Payment, to make payment
thereof to the Lender (or to the Pledgor in care of the Lender) at such  address
as the Lender may designate. The Pledgor will reimburse the Lender promptly upon
demand for all out-of-pocket costs and expenses, including reasonable attorneys'
fees and litigation  expenses,  incurred by the Lender in seeking to collect any
Collateral Payment.

         4. PLEDGEE  RIGHTS AND REMEDIES UPON DEFAULT.  Upon the occurrence of a
Default,  Pledgee  shall then have all of the rights and  remedies  of a Pledgee
under  the  Uniform  Commercial  Code as it is  enacted  in the  State  of North
Carolina, and under any other applicable law.

         The proceeds  realized from any sale or  disposition  of the Collateral
shall be used to satisfy the following items, and in the order herein listed:

            i.  expenses of  preparing  for sale and selling of the  Collateral,
      specifically including Pledgee's reasonable attorneys' fees and both legal
      and collection expenses next, to

                                       2
<PAGE>

            ii.  the  expense  of  liquidating  any  liens,   Pledge  interests,
      attachments or encumbrances superior to the Pledge interest herein created
      and finally, to

            iii. payment of and cost of performance of all Obligations.

Any surplus which shall remain shall be paid to Pledgor or as otherwise provided
by law or as a court of competent jurisdiction shall direct.

         5. MISCELLANEOUS.

            a.  Pledgee  shall  have the  right  at all  times  to  enforce  the
provisions of this Pledge Agreement in strict  accordance with the terms hereof,
notwithstanding any conduct or custom on its part in refraining from so doing at
any time.  No waiver of any other  default  or of the same  default  at a future
time, and no single or partial  exercise by Pledgee of any right or remedy shall
preclude  any other or future  exercise of that or of any other right or remedy.
The provisions,  rights and remedies hereof are cumulative and concurrent to and
with those of all other  agreements  and documents held by Pledgee in connection
with the indebtedness  herein  described.  Time is of the essence of this Pledge
Agreement.

            b. Use of the neuter  pronoun  herein shall include the feminine and
masculine,  and use of the singular pronoun shall include the plural. All rights
of the Pledgee shall inure to the benefit of its successors and assigns and such
assignee  shall have all  privileges,  rights,  and  remedies  afforded  Pledgee
hereunder or as otherwise  provided by law; and all  obligations  of the Pledgor
shall bind its respective successors and assigns.

            c. This Pledge  Agreement  has been  delivered in the State of North
Carolina  and shall be  construed  in  accordance  with the laws of this  State.
Wherever  possible each provision of this Pledge  Agreement shall be interpreted
in such manner as to be  effective  and valid under  applicable  law, but if any
provision  of this Pledge  Agreement  shall be  prohibited  by or invalid  under
applicable  law,  such  provision  shall be  ineffective  to the  extent of such
prohibited  by  or  invalid  under  applicable  law,  such  provision  shall  be
ineffective  to  the  extent  of  such   prohibition   or  invalidity,   without
invalidating  the remainder of such  provisions  or the remaining  provisions of
this Pledge Agreement.

            d. All  notices  herein  required  shall be in writing  and shall be
transmitted by hand delivery or by certified mail, return receipt requested,  to
the last known address of the Pledgor and Pledgee.

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<PAGE>

         IN WITNESS  WHEREOF,  Pledgor  and  Pledgee  have  caused  this  Pledge
Agreement to be executed all as of the day and year first above written.

                                      PLEDGOR

                                      APPLE SUITES, INC., a Virginia corporation

                                      By: /s/ Glade M. Knight
                                          --------------------------------------
                                      Name:  Glade M. Knight
                                             -----------------------------------
                                      Title: Chief Executive Officer
                                             -----------------------------------

                                      PLEDGEE

                                      FIRST UNION NATIONAL BANK, a national
                                      banking association

                                      By: /s/ John A. Schissal
                                          --------------------------------------
                                      Name:  John A. Schissal
                                             -----------------------------------
                                      Title: Director
                                             -----------------------------------

                                       4EXHIBIT 10.111

                                    SCHEDULE
                   (for differences between Exhibit 10.102 and
            substantially identical documents not filed as exhibits)

                    Information on 10 substantially identical
                    promissory notes dated September 8, 2000
             made payable to the order of First Union National Bank

<TABLE>
<CAPTION>

                                                                                                      Monthly
                                                                                  Principal         Installment
Location of Hotel                        Borrower                                   Amount            Amount
-----------------                        --------                                   ------            ------

<S>                                       <C>                                        <C>              <C>
Atlanta/Cumberland, Georgia              Apple Suites SPE I, Inc.                     $5,000,000       $41,959.82
Ridgeland, Mississippi                   Apple Suites SPE I, Inc.                      3,000,000        25,175.89
Baltimore, Maryland                      Apple Suites SPE II, Inc.                     9,000,000        75,527.67
Atlanta/Norcross, Georgia                Apple Suites SPE II, Inc.                     2,800,000        23,497.50
Detroit, Michigan                        Apple Suites SPE II, Inc.                     2,500,000        20,979.91
Richmond, Virginia                       Apple Suites SPE II, Inc.                     5,500,000        46,155.80
Clearwater, Florida                      Apple Suites SPE II, Inc.                     6,000,000        50,351.78
Irving, Texas                            Apple Suites REIT Limited Partnership         5,700,000        47,834.19
Plano, Texas                             Apple Suites REIT Limited Partnership         2,500,000        20,979.91
Addison, Texas                           Apple Suites REIT Limited Partnership         2,500,000        46,155.80

</TABLE>

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