Document:

Exhibit 10.9

                                                          (HOTEL FRANCHISE FEES)
                                 PROMISSORY NOTE

        $55,350.00                                            RICHMOND, VIRGINIA
                                                                     MAY 8, 2000

FOR VALUE RECEIVED,  Apple Suites Management,  Inc., a Virginia corporation (the
"Maker"),  hereby  makes an  UNCONDITIONAL  PROMISE TO PAY TO THE ORDER OF Apple
Suites,  Inc., a Virginia  corporation  (the  "Holder"),  in lawful money of the
United States of America, the principal sum of Fifty Five Thousand Three Hundred
Fifty and 00/100  Dollars  ($55,350.00),  together  with  interest  thereon,  in
accordance with the following terms:

1.       INTEREST.

         Interest  shall  accrue on the unpaid  principal  balance at the annual
rate of nine percent (9%) (the "Note Rate"). If there is an Event of Default (as
defined  below),  the annual rate of interest  shall  increase to twelve percent
(12%) until such Event of Default is fully  cured,  and  interest at the Default
Rate shall be  compounded  monthly on the first day of each month.  All interest
computations  shall be based on a 360-day  year and a uniform  period of 30 days
per month.  Interest for any partial month shall be prorated based on the actual
number of days elapsed and the appropriate per diem interest rate.

2.       PAYMENTS.

         (a) The debt  represented  by this  Note  shall be paid in one  hundred
twenty-one (121) consecutive monthly  installments.  The first installment shall
consist  entirely  of  interest,  as prorated  to the extent  necessary  for the
initial  month,  and  shall  equal  $332.10.   The  amount  of  each  subsequent
installment  shall be  $701.15,  consisting  of  principal  and  interest  on an
amortized basis.

         (b) The due date for each  installment  shall be the  first day of each
month,  beginning with June 1, 2000 (each a "Payment Date"). Payment Dates shall
continue  to occur  until  this  Note is paid in full.  The  entire  balance  of
principal and interest shall be due and payable in full on June 1, 2010.

         (c) The Maker is entitled to prepay the  principal  balance  under this
Note,  in whole or in  part,  on one or more  occasion(s),  without  premium  or
penalty.

         (d) The Holder shall have the right to allocate all payments under this
Note in accordance with the following priority: (1) first, to accrued but unpaid
interest; and (2) second, to unpaid principal.

3.       PAYMENT ADDRESS AND METHOD.

         The Holder shall have the right,  which may be exercised on one or more
occasion(s)  in the sole  discretion of the Holder,  to require the Maker to use
any address for the  delivery of payment

<PAGE>

and any  reasonable  method of payment,  including  but not limited to cashier's
check or wire transfer.  For present  purposes,  the Holder hereby  requires the
Maker to use a single check for each installment payment, and to use the mailing
address shown below for the delivery of all payments:

                                    Apple Suites, Inc.
                                    Attn:  Stanley J. Olander, Jr., Secretary
                                    9 North Third Street
                                    Richmond, VA  23219

4.       SECURITY AND COLLATERAL.

         The  Holder  and the  Maker  acknowledge  and  agree  that no  security
interest has been granted in any property or collateral in connection  with this
Note.

5.       PURPOSE.

         The Maker has leased an extended-stay  hotel in Malvern,  Pennsylvania.
The Maker has  received  funds from the Holder for the  satisfaction  of various
franchise fees for such hotel.  This Note serves as evidence of the indebtedness
of the Maker to the Holder,  and provides for the repayment of such indebtedness
to the Holder.

6.       EVENTS OF DEFAULT.

         (a) Each of the following events shall constitute an "Event of Default"
under this Note:

                  (1) the Maker's  failure to pay to the Holder,  within a grace
period of five (5) calendar days after any Payment Date,  the full amount due on
such Payment Date;

                  (2) the  acceleration  of any payment  obligation of the Maker
under any other promissory  note, debt instrument or other financial  instrument
or agreement that now exists or may exist in the future;

                  (3)  the   commencement  of  any  proceeding  to  appoint  any
receiver, trustee, custodian,  liquidator, or similar official for the Maker, or
the final appointment of any of the foregoing;

                  (4) the attachment,  levy, seizure or garnishment,  whether in
whole or in part, of any wages,  funds,  financial accounts or other property of
the Maker;

                  (5) the entry of any judgment  against the Maker that exceeds,
when  combined  with its other unpaid  judgments,  ten percent (10%) of the then
unpaid principal balance under this Note;

                                      -2-
<PAGE>

                  (6) the  general  inability  of the  Maker to pay its debts as
they become due;

                  (7) the filing or commencement, by the creditors of the Maker,
of any Insolvency  Action (as defined below) that is not dismissed within thirty
(30) calendar days after the original date of filing or commencement;

                  (8) the approval or voluntary filing of any Insolvency Action,
or the approval or consummation of any plan to make a general assignment for the
benefit of creditors, by the Maker;

                  (9)  the  approval  of  any  plan,  or  the  execution  of any
contract,  that causes or is intended to cause any of the following with respect
to the Maker:  (A) its dissolution;  (B) the liquidation of its assets;  (C) the
termination of its corporate existence,  whether by merger or otherwise;  or (D)
the sale or transfer of all, or substantially all, of its assets;

                  (10) any event  that  causes or will  cause the Maker to cease
its  business or  operations  for a period of more than thirty (30)  consecutive
calendar days; or

                  (11) any event that terminates or will terminate the business,
operations or legal existence of the Maker.

         (b) For purposes of this Note, the term "Insolvency  Action" shall mean
any case or  proceeding,  or petition  relating  thereto,  that arises under any
state or Federal laws relating to bankruptcy or insolvency, whether now existing
or subsequently  enacted,  and that seeks  reorganization,  liquidation or other
relief with respect to the debts, assets or businesses of the Maker.

7.       REMEDIES.

         (a) If an Event of Default  occurs,  all unpaid  principal  and accrued
interest  under  this Note shall  become  immediately  due and  payable in full,
without any action whatsoever by the Holder.

         (b) The  Maker  shall  pay all  costs,  including  but not  limited  to
reasonable  legal  fees and  expenses,  whether  arising in  connection  with an
Insolvency  Action or  otherwise,  that may be incurred by the Holder to enforce
this Note or to collect the amounts due under this Note  ("Enforcement  Costs").
The Holder,  in its sole discretion,  shall have the right to treat  Enforcement
Costs as additional interest under this Note.

                                      -3-
<PAGE>

8.       TRANSFER AND ASSIGNMENT.

         (a) The Holder shall have the right to transfer this Note and to assign
any rights or remedies under this Note.  Such right may be exercised in whole or
in part, on one or more occasion(s),  in the sole discretion of the Holder.  The
obligations of the Maker under this Note shall not be altered or affected in any
way by any such transfer or assignment by the Holder.

         (b) The Maker shall be absolutely  prohibited from assigning any of its
obligations under this Note without the prior written consent of the Holder. The
Holder shall be entitled to withhold such consent in its sole discretion for any
reason or no reason.  Any attempted  assignment in violation of such prohibition
shall be ineffective and void.

         (c) The Holder and the Maker  acknowledge  and agree that this Note (1)
is evidence of commercial debt financing; and (2) is not an investment contract,
is not designed to raise capital, is not part of any plan of distribution and is
not related to any offering of securities.

9.       WAIVERS.

         (a) The Holder  shall not be deemed to have waived any of its rights or
remedies  under this Note  unless the  Holder  delivers a written  notice to the
Maker that  states the nature and scope of such  waiver.  Without  limiting  the
foregoing, no waiver of the Holder's rights or remedies shall be deemed to exist
solely  because the Holder,  on one or more  occasion(s),  may have:  (1) waived
certain  rights or remedies;  (2) elected  certain rights or remedies in lieu of
others;  (3) delayed in  exercising  any rights or  remedies;  (4)  extended any
Payment Dates under this Note; or (5) refrained  from requiring the Maker to act
in strict compliance with this Note.

         (b) The Maker, to the maximum extent  permitted by law, hereby grants a
complete, irrevocable and unconditional waiver of each of the following: (1) the
right to require presentment,  demand,  dishonor,  protest or any notices of any
kind or nature from the Holder in  connection  with this Note;  (2) the right to
assert any statute of limitations as a defense to the  enforcement of this Note;
(3) any claim that seeks to restrain,  enjoin, prohibit, delay or interfere with
any  transfer  of this Note by the Holder,  or any  assignment  of the  Holder's
rights or remedies  under this Note; (4) any claim that a transfer or assignment
by the Holder with respect to this Note has altered or affected the  obligations
of the Maker in any way; and (5) any claim that the Holder has waived its rights
or  remedies  under this Note in a manner  other than the  manner  described  in
subsection (a) immediately above.

                                      -4-
<PAGE>

10.      GENERAL.

         (a) Time is of the essence  with  respect to this Note and each Payment
Date.  Except as expressly set forth in this Note,  or in a written  waiver that
may be granted by the Holder,  there are no grace  periods and no  extensions of
time for payment with respect to this Note,  and no grace  periods or extensions
shall be implied.

         (b) This Note shall be interpreted  and enforced in accordance with the
laws of the  Commonwealth  of  Virginia,  without  regard  to any  choice of law
provisions or principles thereof to the contrary.

         (c) All  provisions  in this  Note are  severable  and each  valid  and
enforceable  provision shall remain in full force and effect,  regardless of any
official or formal  determination  that declares certain provisions of this Note
to be invalid or unenforceable.

         (d) Captions and  headings are used in this Note for  convenience  only
and shall not affect the  interpretation  of this Note.  Terms such as "hereof,"
"hereby,"  "hereto,"  "herein" and "hereunder"  shall be deemed to refer to this
Note as a whole, rather than to any particular provision of this Note.

         (e) All terms and  conditions of this Note shall be binding  upon,  and
enforceable  against,  the  Holder and the  Maker,  and all of their  respective
assignees and successors in title or interest.

                                            APPLE SUITES MANAGEMENT, INC.,
                                            a Virginia corporation

                                            By:      /s/   Glade M. Knight
                                                    ---------------------------
                                                    Glade M. Knight, President

                                      -5-Exhibit 10.10

                                                                (HOTEL SUPPLIES)
                                 PROMISSORY NOTE

$12,300.00                                                   RICHMOND, VIRGINIA
                                                                    MAY 8, 2000

FOR VALUE RECEIVED,  Apple Suites Management,  Inc., a Virginia corporation (the
"Maker"),  hereby  makes an  UNCONDITIONAL  PROMISE TO PAY TO THE ORDER OF Apple
Suites,  Inc., a Virginia  corporation  (the  "Holder"),  in lawful money of the
United States of America, the principal sum of Twelve Thousand Three Hundred and
00/100 Dollars  ($12,300.00)  together with interest thereon, in accordance with
the following terms:

1.       INTEREST.

         Interest  shall  accrue on the unpaid  principal  balance at the annual
rate of nine percent (9%) (the "Note Rate"). If there is an Event of Default (as
defined  below),  the annual rate of interest  shall  increase to twelve percent
(12%) until such Event of Default is fully  cured,  and  interest at the Default
Rate shall be  compounded  monthly on the first day of each month.  All interest
computations  shall be based on a 360-day  year and a uniform  period of 30 days
per month.  Interest for any partial month shall be prorated based on the actual
number of days elapsed and the appropriate per diem interest rate.

2.       PAYMENTS.

         (a) The debt  represented  by this Note shall be paid in sixty-one (61)
consecutive monthly  installments.  The first installment shall consist entirely
of interest,  as prorated to the extent  necessary  for the initial  month,  and
shall equal $73.80. The amount of each subsequent  installment shall be $255.33,
consisting of principal and interest on an amortized basis.

         (b) The due date for each  installment  shall be the  first day of each
month,  beginning with June 1, 2000 (each a "Payment Date"). Payment Dates shall
continue  to occur  until  this  Note is paid in full.  The  entire  balance  of
principal and interest shall be due and payable in full on June 1, 2005.

         (c) The Maker is entitled to prepay the  principal  balance  under this
Note,  in whole or in  part,  on one or more  occasion(s),  without  premium  or
penalty.

         (d) The Holder shall have the right to allocate all payments under this
Note in accordance with the following priority: (1) first, to accrued but unpaid
interest; and (2) second, to unpaid principal.

3.       PAYMENT ADDRESS AND METHOD.

         The Holder shall have the right,  which may be exercised on one or more
occasion(s)  in the sole  discretion of the Holder,  to require the Maker to use
any address for the  delivery of payment

<PAGE>

and any  reasonable  method of payment,  including  but not limited to cashier's
check or wire transfer.  For present  purposes,  the Holder hereby  requires the
Maker to use a single check for each installment payment, and to use the mailing
address shown below for the delivery of all payments:

                            Apple Suites, Inc.
                            Attn: Stanley J. Olander, Jr., Secretary
                            9 North Third Street
                            Richmond, VA  23219

4.       SECURITY AND COLLATERAL.

         The  Holder  and the  Maker  acknowledge  and  agree  that no  security
interest has been granted in any property or collateral in connection  with this
Note.

5.       PURPOSE.

         The Maker has leased an extended-stay  hotel in Malvern,  Pennsylvania.
The Maker has  received  funds  from the  Holder  for the  purchase  of  various
supplies  for such  hotel,  including  without  limitation,  sheets,  towels and
similar  supplies to be used in connection with the operation of such hotel (the
"Supplies").  This Note serves as evidence of the  indebtedness  of the Maker to
the Holder, and provides for the repayment of such indebtedness to the Holder.

6.       EVENTS OF DEFAULT.

         (a) Each of the following events shall constitute an "Event of Default"
under this Note:

                  (1) the  failure by the Maker to pay to the  Holder,  within a
grace period of five (5) calendar days after any Payment  Date,  the full amount
due on such Payment Date;

                  (2) the  acceleration  of any payment  obligation of the Maker
under any other promissory  note, debt instrument or other financial  instrument
or agreement that now exists or may exist in the future;

                  (3)  the   commencement  of  any  proceeding  to  appoint  any
receiver, trustee, custodian,  liquidator, or similar official for the Maker, or
the final appointment of any of the foregoing;

                  (4) the attachment,  levy, seizure or garnishment,  whether in
whole or in part, of any wages,  funds,  financial accounts or other property of
the Maker;
                                       -2-
<PAGE>

                  (5) the entry of any judgment  against the Maker that exceeds,
when combined with other unpaid judgments of the Maker, ten percent (10%) of the
then unpaid principal balance under this Note;

                  (6) the  general  inability  of the  Maker to pay its debts as
they become due;

                  (7) the filing or commencement, by the creditors of the Maker,
of any Insolvency  Action (as defined below) that is not dismissed within thirty
(30) calendar days after the original date of filing or commencement;

                  (8) the Maker's approval or voluntary filing of any Insolvency
Action, or its approval or consummation of any plan to make a general assignment
for the benefit of creditors;

                  (9)  the  approval  of  any  plan,  or  the  execution  of any
contract,  that causes or is intended to cause any of the following with respect
to the Maker:  (A) its dissolution;  (B) the liquidation of its assets;  (C) the
termination of its corporate existence,  whether by merger or otherwise;  or (D)
the sale or transfer of all, or substantially all, of its assets;

                  (10) any event  that  causes or will  cause the Maker to cease
its  business or  operations  for a period of more than thirty (30)  consecutive
calendar days; or

                  (11) any event that terminates or will terminate the business,
operations or legal existence of the Maker.

         (b) For purposes of this Note, the term "Insolvency  Action" shall mean
any case or  proceeding,  or petition  relating  thereto,  that arises under any
state or Federal laws relating to bankruptcy or insolvency, whether now existing
or subsequently  enacted,  and that seeks  reorganization,  liquidation or other
relief with respect to the debts, assets or businesses of the Maker.

7.       REMEDIES.

         (a) If an Event of Default  occurs,  all unpaid  principal  and accrued
interest  under  this Note shall  become  immediately  due and  payable in full,
without any action whatsoever by the Holder.

         (b) The  Maker  shall  pay all  costs,  including  but not  limited  to
reasonable  legal  fees and  expenses,  whether  arising in  connection  with an
Insolvency  Action or  otherwise,  that may be incurred by the Holder to enforce
this Note or to collect the amounts due under this Note  ("Enforcement  Costs").
The Holder,  in its sole discretion,  shall have the right to treat  Enforcement
Costs as additional interest under this Note.

                                      -3-

<PAGE>

8.       TRANSFER AND ASSIGNMENT.

         (a) The Holder shall have the right to transfer this Note and to assign
any rights or remedies under this Note.  Such right may be exercised in whole or
in part, on one or more occasion(s),  in the sole discretion of the Holder.  The
obligations of the Maker under this Note shall not be altered or affected in any
way by any such transfer or assignment by the Holder.

         (b) The Maker shall be absolutely  prohibited from assigning any of its
obligations under this Note without the prior written consent of the Holder. The
Holder shall be entitled to withhold such consent in its sole discretion for any
reason or no reason.  Any attempted  assignment in violation of such prohibition
shall be ineffective and void.

         (c) The Holder and the Maker  acknowledge  and agree that this Note (1)
is evidence of commercial debt financing; and (2) is not an investment contract,
is not designed to raise capital, is not part of any plan of distribution and is
not related to any offering of securities.

9.       WAIVERS.

         (a) The Holder  shall not be deemed to have waived any of its rights or
remedies under this Note unless the Holder  delivers a written notice to each of
the Maker that states the nature and scope of such waiver.  Without limiting the
foregoing, no waiver of the Holder's rights or remedies shall be deemed to exist
solely  because the Holder,  on one or more  occasion(s),  may have:  (1) waived
certain  rights or remedies;  (2) elected  certain rights or remedies in lieu of
others;  (3) delayed in  exercising  any rights or  remedies;  (4)  extended any
Payment Dates under this Note; or (5) refrained  from requiring the Maker to act
in strict compliance with this Note.

         (b) The Maker, to the maximum extent  permitted by law, hereby grants a
complete, irrevocable and unconditional waiver of each of the following: (1) the
right to require presentment,  demand,  dishonor,  protest or any notices of any
kind or nature from the Holder in  connection  with this Note;  (2) the right to
assert any statute of limitations as a defense to the  enforcement of this Note;
(3) any claim that seeks to restrain,  enjoin, prohibit, delay or interfere with
any  transfer  of this Note by the Holder,  or any  assignment  of the  Holder's
rights or remedies  under this Note; (4) any claim that a transfer or assignment
by the Holder with respect to this Note has altered or affected the  obligations
of the Maker in any way; and (5) any claim that the Holder has waived its rights
or  remedies  under this Note in a manner  other than the  manner  described  in
subsection (a) immediately above.

10.      GENERAL.

         (a) Time is of the essence  with  respect to this Note and each Payment
Date.  Except as expressly set forth in this Note,  or in a written  waiver that
may be granted by the Holder,  there are no grace  periods and no  extensions of
time for payment with respect to this Note,  and no grace  periods or extensions
shall be implied.

                                      -4-

<PAGE>

         (b) This Note shall be interpreted  and enforced in accordance with the
laws of the  Commonwealth  of  Virginia,  without  regard  to any  choice of law
provisions or principles thereof to the contrary.

         (c) All  provisions  in this  Note are  severable  and each  valid  and
enforceable  provision shall remain in full force and effect,  regardless of any
official or formal  determination  that declares certain provisions of this Note
to be invalid or unenforceable.

         (d) Captions and  headings are used in this Note for  convenience  only
and shall not affect the  interpretation  of this Note.  Terms such as "hereof,"
"hereby,"  "hereto,"  "herein" and "hereunder"  shall be deemed to refer to this
Note as a whole, rather than to any particular provision of this Note.

         (e) All terms and  conditions of this Note shall be binding  upon,  and
enforceable  against,  the  Holder and the  Maker,  and all of their  respective
assignees and successors in title or interest.

                                           APPLE SUITES MANAGEMENT, INC.,
                                           a Virginia corporation

                                            By:    /s/   Glade M. Knight
                                                   -----------------------------
                                                   Glade M. Knight, President

                                      -5-

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