Document:

EXHIBIT 10.1

                       MASTER LEASE TERMINATION AGREEMENT

                  This Master Lease Termination Agreement (the "Agreement") is
made as of this 20th day of December, 2001 by and among Equity Inns Partnership,
L.P., a Tennessee limited partnership ("EIP"), Equity Inns, Inc., a Tennessee
corporation ("ENNS") and each of the parties set forth on Exhibit A attached
hereto and made a part hereof (collectively and together with EIP and ENNS, the
"ENN Entities") and Prime Hospitality Corp., a Delaware corporation ("Prime"),
Oradell Holding Corp., a Delaware corporation ("Oradell"), Wayne Holding Corp.,
a Delaware corporation ("Wayne"), and Caldwell Holding Corp., a Delaware
corporation ("Caldwell") (Prime, Oradell, Wayne and Caldwell being collectively
referred to herein as the "Prime Entities").

                                   WITNESSETH:

                  WHEREAS, Lessors and Lessees (each as hereinafter defined)
have entered into those certain Lease Agreements as described on Exhibit B
attached hereto and made a part hereof (individually, as amended, a "Lease" and,
collectively, as amended, the "Leases") pursuant to which, and among other
things, Lessors leased to Lessees the hotels described on Exhibit B attached
hereto (individually, a "Hotel" and, collectively, the "Hotels"); and

                  WHEREAS, Prime has executed and delivered, for the benefit of
the Lessors, certain guaranties for each of the Leases (individually, a
"Guaranty" and, collectively, the "Guaranties"); and

                  WHEREAS, subject to the terms and conditions set forth in this
Agreement, (i) Lessors and Lessees desire to terminate the Leases, (ii) Lessors
and Prime desire to terminate the Guaranties, (iii) the New Lessees, as
hereinafter defined, and the New Managers, as hereinafter defined, desire to
enter into new management agreements pursuant to which and among other things
the New Managers will manage the Hotels, and (iv) Prime desires to execute New
Guaranties, as hereinafter defined, for the benefit of the ENN Entities with
respect to the Management Agreements.

                  NOW, THEREFORE, for and in consideration of the foregoing
recitals, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties agree as follows:

                  Definitions.  The following terms shall have the meanings set
forth in this Section 1.

          (a)    "Agreement" shall have the meaning ascribed in the introductory
paragraph.

          (b)    "Assignment" shall have the meaning ascribed in Section 7(a).

          (c)    "Assignment of Tenant Leases" shall have the meaning ascribed
to such term in Section 7(a).

          (d)    "Booking" shall mean a contract or reservation for the use of
guest rooms, banquet facilities, or meeting rooms at a Hotel.

          (e)    "Certificate" shall have the meaning ascribed in Section 7(a).

          (f)    "Closing" shall have the meaning ascribed in Section 7.

          (g)    "Closing Date" shall mean January 1, 2002, or such other date
as the ENN Entities and the Prime Entities mutually agree.

          (h)    "Cutoff Time" shall mean 12:01 a.m. on the Closing Date.

          (i)    "Default" shall mean a breach, after the giving of required or
applicable notice or the expiration of any applicable cure periods, or both, of
any of the terms, conditions or covenants of this Agreement.

          (j)    "Deposit Date" shall mean December 20, 2001.

          (k)    "Escrowee" shall have the meaning ascribed in Section 7.

          (l)    "Franchise Agreements" shall mean each of the agreements
described on Exhibit C attached hereto and made a part hereof.  "Franchise
Agreement" shall mean any of the agreements described on Exhibit C attached
hereto and made a part hereof.

          (m)    "Guaranty" and "Guaranties" shall have the meaning ascribed to
such terms in the Recitals.

          (n)    "Guest Ledger Receivables" shall mean amounts, including,
without limitation, room charges, telephone charges, minibar charges, bar
charges, and restaurant charges, charged to a guest's room, accrued to the
accounts of guests occupying rooms in the Hotels as of the Cutoff Time.

          (o)    "Hotel" and "Hotels" shall have the meaning ascribed to such
terms in the Recitals.

          (p)    "Hotel Contracts" shall mean all written contracts or
agreements which relate to the ownership, maintenance, construction, repair, and
operation of the Hotels other than the Franchise Agreements, the Bookings, and
the Tenant Leases, a list of which is attached hereto on Exhibit J.

          (q)    "Impositions" shall have the meaning ascribed to such term in
the Leases.

          (r)    "Lease" and "Leases" shall have the meaning ascribed to such
terms in the Recitals.

          (s)    "Lessees" shall mean all of the Prime Entities that are lessees
under the Leases and "Lessee" shall mean any of the Prime Entities that is a
lessee under any of the Leases.

          (t)    "Lessors" shall mean all of the ENN Entities that are the
lessors under the Leases and "Lessor" shall mean any of the ENN Entities that
are lessors under any of the Leases.

          (u)    "Management Agreements" shall mean a management agreement
substantially in the form of Exhibit D-2.

          (v)    "Necessary Consents" shall mean all of the consents,
authorizations, and other approvals that are necessary for the ENN Entities to
terminate the Leases as set forth on Exhibit E.

          (w)    "New Guaranties" shall mean those guaranties to be executed by
Prime, for the benefit of the ENN Entities, with respect to each of the
Management Agreements and in substantially the same form as attached hereto as
Exhibit M.

          (x)    "New Lessee" shall mean any entity designated by a Lessor as
the new lessee for a Hotel effective on or after the Closing Date.

          (y)    "New Manager" shall mean with respect each Hotel, either
Oradell, Wayne or Caldwell, as described on Exhibit D-1.

          (z)    "Permits" shall mean all licenses (including, without
limitation, all liquor licenses) and permits (including, without limitation,
certificates of occupancy or their equivalents) granted by any governmental
authority or agency held by any of the Prime Entities and used in or relating to
the ownership, occupancy, or operation of the Hotels or any part thereof.

          (aa)   "Proration Items" shall have the meaning ascribed to such term
in Section 8.

          (bb)   "Required Expenditures" shall have the meaning ascribed to such
term in Section 5.

          (cc)   "Room Revenues" shall mean the gross revenue from the rental of
guest rooms, whether to individuals, groups or transients, at a Hotel, excluding
the following: (i) the amount of all credits, rebates or refunds to customers,
guests or patron; and (ii) any fees collected for amenities including, but not
limited to, telephone, laundry, movies or concessions.

          (dd)   "Settlement Date" shall mean February 28, 2002.

          (ee)   "Settlement Statement" shall have the meaning ascribed to such
term in Section 8.

          (ff)   "Significant Supplies" shall mean supplies as set forth in
Exhibit O attached hereto.

          (gg)   "Tenant Leases" shall mean the interest of any of the Prime
Entities in and to all of the leases, subleases, and other occupancy agreements,
whether or not of record, which provide for the use or occupancy of any of the
Hotels or any portion thereof and which are in force as of the date hereof other
than the Leases and the Bookings, a list of which, on a Hotel by Hotel basis, is
attached hereto as Exhibit H.

          2.          Termination of Leases and Guaranties. (a)  (i)  Subject to
the terms and conditions set forth herein and except to the extent set forth in
Section 2(a)(ii), Lessors and Lessees hereby agree that (A) all of the Leases
shall terminate effective at 12:01 a.m. on the Closing Date, except for those
provisions that expressly survive the termination of the Leases, and (B) from
and after the Closing Date none of the Lessors nor any of the Lessees shall have
any further rights, liabilities, or obligations under or pursuant to the Leases.

                  (ii)  (A) Except to the extent provided in Section 2(a)(ii)(C)
below, upon a Lessee's surrender of the Hotel on account of the termination of
the Lease pursuant to Section 2(a)(i), such Lessee and its parent companies,
partners, members, affiliates, subsidiaries, directors, officers, successors and
assigns, agents, employees and representatives shall be unconditionally and
fully released and discharged from any and all obligations, claims, actions,
liability, past, present and future, of whatever kind or character, known or
unknown, by reason of, growing out of, arising out of or existing in connection
with such Hotel, or by reason of the breach or alleged breach by such Lessee, or
conduct or activity resulting in the breach or alleged breach by such Lessee, of
any of the terms or provisions of such Lease.

                  (B)      Except to the extent provided in Section 2(a)(ii)(C)
below, a Lessor under a Lease that is being terminated pursuant to Section 2(a)
(i) and each of its parent companies, partners, members, affiliates,
subsidiaries, directors, officers, successors and assigns, agents, employees,
and representatives are hereby unconditionally and fully released and discharged
from any and all obligations, claims, actions, liability, past, present and
future, of whatever kind or character, known or unknown, by reason of, growing
out of, arising out of or existing in connection with the breach or alleged
breach by such Lessor, or conduct or activity resulting in the breach or alleged
breach by such Lessor, of any of the terms or provisions of such Lease.

                  (C)      Notwithstanding anything to the contrary contained in
this Agreement, each Lessee and each Lessor under a Lease that is being
terminated pursuant to Section 2(a)(i) shall remain liable (1) for all rent and
indemnification obligations and liabilities under such Lease which arise or
accrue prior to the Closing Date and (2) with respect to the terms of such Lease
which survive the termination of the Lease.

                  (b)      Lessors and Prime hereby agree that each of the
Guaranties shall terminate on the Closing Date in accordance with Exhibit L
attached hereto and made a part hereof.

          3.          Management Agreement.  Effective as of the Closing Date,
the New Lessees and New Managers shall enter into Management Agreements for each
of the Hotels.

          4.          New Guaranties.  Effective as of the Closing Date, Prime
shall execute for the benefit of the ENN Entities the New Guaranties with
respect to each of the New Management Agreements.

          5.          Covenants.  (a)(i) The ENN Entities covenant and agree to
use their commercially reasonable efforts to obtain all of the Necessary
Consents prior to the Consent Date (as hereinafter defined).  The Prime Entities
hereby agree to cooperate in all reasonable respects with the ENN Entities to
obtain such Necessary Consents which cooperation shall include, if necessary,
documentation evidencing the agreement of Prime Entities to subordinate their
lien rights, if any, under the Management Agreements to any mortgage encumbering
the Hotels, subject to the terms and conditions of a subordination agreement
reasonably acceptable to the Prime Entities.

                  (ii)     If the ENN Entities are not able to obtain all of the
Necessary Consents as of the date (the "Consent Date") which shall be the later
to occur of either (i) three (3) days after the Deposit Date, or (ii) that date
when all documents being requested by the lenders of the ENN Entities have been
delivered to such lenders, fully executed by the parties thereto and in final
form, then, unless otherwise agreed by the ENN Entities and the Prime Entities,
this Agreement shall be terminated.

                  (b)      The Prime Entities hereby agree that, unless
otherwise agreed in writing by the Prime Entities and the ENN Entities, the
consolidated Lessees will spend, with respect to all Hotels, on a consolidated
basis, at least ninety-five percent (95%) of the entire year 2001 maintenance
and repair budget (the "Required Expenditures").   In the event the Lessees have
failed to make the full amount of the Required Expenditures prior to the Closing
Date, the Lessees shall pay to the ENN Entities at the Closing an amount equal
to the difference between the Required Expenditures for the Hotel and the actual
year 2001 maintenance and repair expenses spent on the Hotels.  For purposes of
determining the actual amounts expended in connection with year 2001 maintenance
and repair expenses for the Hotels, the ENN Entities and the Prime Entities
agree that the accounting shall be made on an accrual basis in accordance with
generally accepted accounting principles consistently applied.

                  (c)  The Prime Entities will use their commercially reasonable
efforts to assist the ENN Entities and the New Lessees to obtain (i) the
Necessary Consents, and (ii) liquor licenses for the Hotels to the extent a new
liquor license is required or to the extent an assignment of liquor license is
necessary.

          6.          Representations and Warranties.

                  (a) As an inducement to the Prime Entities to enter into this
Agreement and to consummate the transactions contemplated herein, the ENN
Entities hereby jointly and severally represent and warrant to the Prime
Entities the following:

          (i)              Each of the ENN Entities is duly organized or formed,
validly existing and in good standing under the laws of the State of its
formation.

          (ii)             The execution and delivery of this Agreement and the
performance of the ENN Entities' hereunder have been duly authorized by all
necessary action on the part of each of the ENN Entities, and this Agreement
constitutes the legal, valid and binding obligation of each of the ENN Entities,
subject to equitable principles and principles governing creditors' rights
generally.

          (iii)            The execution and delivery of this Agreement by the
ENN Entities and the consummation by the ENN Entities of the transactions
contemplated hereby will not, (A) violate any judgment, order, injunction,
decree, regulation or ruling of any court or governmental entity or (B) subject
to the receipt of the Necessary Consents and the terms hereof, conflict with,
result in a breach of, or constitute a default under the organic documents of
the ENN Entities, any note or other evidence of indebtedness, any mortgage, deed
of trust or indenture, or any lease or other material agreement or instrument to
which any of the ENN Entities is a party or by which any of the ENN Entities may
be bound.

          (iv)             There are no legal actions, suits or similar
proceedings pending and served, or, to the knowledge of the ENN Entities,
threatened against any of the ENN Entities or the Hotels which if adversely
determined would adversely affect the ENN Entities' ability to consummate the
transactions contemplated hereby.

          (v)              Other than the Necessary Consents, no consent,
waiver, approval or authorization is required from any person or entity (that
has not already been obtained) in connection with the execution and delivery of
this Agreement by the ENN Entities or the performance by the ENN Entities of the
transactions contemplated hereby.

          (vi)             None of the ENN Entities have (A) commenced a
voluntary case, or had entered against it a petition, for relief under any
federal bankruptcy act or any similar petition, order or decree under any
federal or state law or statute relative to bankruptcy, insolvency or other
relief for debtors, (B) caused, suffered or consented to the appointment of a
receiver, trustee, administrator, conservator, liquidator or similar official in
any federal, state or foreign judicial or non-judicial proceedings, to hold,
administer and/or liquidate all or substantially all of its property, or (C)
made an assignment for the benefit of creditors as an alternative to commencing
a petition of bankruptcy.

          (b)              As an inducement to the ENN Entities to enter into
this Agreement and to consummate the transactions contemplated herein, the Prime
Entities hereby jointly and severally represent and warrant to the ENN Entities
the following:

          (i)              Each of the Prime Entities is duly organized or
formed, validly existing and in good standing under the laws of the State of its
formation.

          (ii)             The execution and delivery of this Agreement and the
performance of the Prime Entities' hereunder have been duly authorized by all
necessary action on the part of each of the Prime Entities, and this Agreement
constitutes the legal, valid and binding obligation of each of the Prime
Entities, subject to equitable principles and principles governing creditors'
rights generally.

          (iii)            The execution and delivery of this Agreement by the
Prime Entities and the consummation by the Prime Entities of the transactions
contemplated hereby will not (A) violate any judgment, order, injunction,
decree, regulation or ruling of any court or governmental entity or (B) conflict
with, result in a breach of, or constitute a default under the organic documents
of the Prime Entities, any note or other evidence of indebtedness, any mortgage,
deed of trust or indenture, or any lease or other material agreement or
instrument to which any of the Prime Entities is a party or by which any of the
Prime Entities may be bound.

          (iv)             There are no legal actions, suits or similar
proceedings pending and served, or, to the Prime Entities knowledge, threatened
against any of the Prime Entities or the Hotels which if adversely determined
would adversely affect the Prime Entities ability to consummate the transactions
contemplated hereby.

          (v)              Other than the Necessary Consents, no consent,
waiver, approval or authorization is required from any person or entity (that
has not already been obtained) in connection with the execution and delivery of
this Agreement by the Prime Entities or the performance by the Prime Entities of
the transactions contemplated hereby.

          (vi)             None of the Prime Entities have (A) commenced a
voluntary case, or had entered against it a petition, for relief under any
federal bankruptcy act or any similar petition, order or decree under any
federal or state law or statute relative to bankruptcy, insolvency or other
relief for debtors, (B) caused, suffered or consented to the appointment of a
receiver, trustee, administrator, conservator, liquidator or similar official in
any federal, state or foreign judicial or non-judicial proceedings, to hold,
administer and/or liquidate all or substantially all of its property, or (C)
made an assignment for the benefit of creditors as an alternative to commencing
a petition of bankruptcy.

          7.          Closing.  The closing hereunder ("Closing") shall be
deemed effective as of the Closing Date.  The delivery of all items to be made
at the Closing under the terms of this Agreement, other than the Settlement
Statement, shall be made into an escrow with the Knoxville office of Hunton &
Williams (the "Escrowee") at 10:00 a.m. eastern time on the Deposit Date,
located at 2000 Riverview Tower, 900 South Gay Street, Knoxville, Tennessee
37902.

          (a)         At or before the Deposit Date, the Prime Entities shall
deliver to the Escrowee for delivery to the ENN Entities on the Settlement Date,
the following items:

          (i)         Four (4) duly executed original counterparts of a
Certificate of Termination which sets forth the status of each Lease in the form
attached hereto and made a part hereof as Exhibit F (the "Certificate");

          (ii)        Four (4) duly executed counterparts of a Memorandum of
Lease Termination for each of the Hotels in the form attached hereto and made a
part hereof as Exhibit G (the "Memorandum of Lease Termination") or such other
form as may be required by the jurisdiction in which such Hotel is located;

          (iii)       Four (4) duly executed original counterparts of an
Assignment and Assumption of Tenant Leases for each of the Hotels in the form
attached hereto as Exhibit I (the "Assignment of Tenant Leases");

          (iv)        Four (4) duly executed original counterparts of an
Assignment and Assumption of Hotel Contracts, Bookings, and Permits for each of
the Hotels in the form attached hereto as Exhibit K (the "Assignment");

          (v)         Notices to each tenant under the Tenant Leases signed by
the Prime Entities that shall disclose that the Lease with respect to the Hotel
which is subject to the Tenant Lease has been terminated and that, after the
Closing, all rents should be paid to the ENN Entities or the ENN Entities'
designee;

          (vi)        A certificate of the Prime Entities that the
representations and warranties contained in this Agreement are true and correct
in all material respects as of the Closing Date; and

          (vii)       Such other documents as may be reasonably agreed upon by
the Prime Entities and the ENN Entities to consummate the transactions
contemplated by this Agreement.

          (b)         At or before the Deposit Date, the ENN Entities shall
deliver to the Escrowee for delivery to the Prime Entities on the Settlement
Date, the following items:

          (i)         Four (4) duly executed original counterparts of the
Certificate;

          (ii)        Either four (4) duly executed original counterparts of the
Memorandum of Lease Termination for each of the Hotels;

          (iii)       Four (4) duly executed original Termination of Guaranties,
in the form attached hereto as Exhibit L;

          (iv)        Four (4) duly executed original counterparts of the
Assignment of Tenant Leases for each Hotel;

          (v)         Four (4) duly executed original counterparts of the
Assignment for each Hotel;

          (vi)        Proof of receipt of the Necessary Consents for all of the
Hotels which shall be in form and substance reasonably satisfactory to the Prime
Entities;

          (vii)       Such other documents as may be reasonably be agreed upon
by the Prime Entities and the ENN Entities to consummate the transactions
contemplated by this Agreement; and

          (viii)      A certificate of the ENN Entities that the representations
and warranties contained in this Agreement are true and correct in all material
respects as of the Closing Date.

          (c)         At or before the Settlement Date, (i) the Prime Entities
shall deliver to the Escrowee for delivery to the ENN Entities, four (4) duly
executed counterparts of the Settlement Statement, and (ii) the ENN Entities
shall deliver to the Escrowee for delivery to the Prime Entities, four (4) duly
executed counterparts of the Settlement Statement.

          (d)         Each of the Prime Entities and the ENN Entities hereby
agree to deliver at or prior to the Settlement Date to the other party, to the
extent required by Section 8 of this Agreement, the sums required pursuant to
Section 8.

          (e)         The Prime Entities and the ENN Entities hereby agree to
execute and deliver at or prior to the Deposit Date, closing escrow instructions
in form and substance acceptable to the ENN Entity and the Prime Entities which
shall be auxiliary to this Agreement and this Agreement shall not be merged
into, nor in any manner superseded thereby.  Such escrow instructions shall
provide for the deposit of and subsequent disbursement of the documents
described in this Section 7.

          8. Closing Prorations. (a) The Prime Entities and the ENN Entities
agree to adjust, as of the Cutoff Time, in accordance with the provisions of
this Section 8, the following (collectively, the "Proration Items"):
Impositions, utility bills, rents and other payments under the Tenant Leases,
franchise fees under the Franchise Agreements, amounts due under the Hotel
Contracts, Guest Ledger Receivables, and Bookings. The Prime Entities will be
charged and credited for the amounts of all of the Proration Items relating to
the period up to and including the Cutoff Time, and the ENN Entities will be
charged and credited for all of the Proration Items relating to the period after
the Cutoff Time. Preliminary estimated Closing prorations shall be set forth on
a preliminary closing statement to be prepared by the Prime Entities and
submitted to the ENN Entities for the ENN Entities' approval prior to the
Settlement Date (the "Settlement Statement"). The Settlement Statement, once
agreed upon, shall be signed by the Prime Entities and the ENN Entities and
delivered for purposes of making the preliminary proration adjustment on the
Settlement Date which shall be effective as of the Closing subject to the final
cash settlement provided for below. The preliminary proration shall be paid on
the Settlement Date by the ENN Entities to the Prime Entities (if the
preliminary prorations result in a net credit to the Prime Entities) or by the
Prime Entities to the ENN Entities (if the preliminary prorations result in a
net credit to the ENN Entities). If the actual amounts of the Proration Items
are not known as of the Cutoff Time, the prorations will be made on the
Settlement Date on the basis of the best evidence then available; thereafter,
when actual amounts are determined (not to exceed 120 days after the Settlement
Date), re-prorations will be made on the basis of the actual amounts, and a
final cash settlement will be made between the Prime Entities and the ENN
Entities. All calculations shall be made on an accrual basis and in substantial
accordance with generally accepted accounting principles and the Uniform System
of Accounts for Hotels, "Eighth Revised Edition", 1986, as revised and adopted
by the Hotel Association of New York City, Inc. from time to time. For a period
of 60 days following the date of the final re-proration, the parties shall have
a right to inspect and audit the other parties' books and records relating to
prorations and any re-prorations adjustments necessary upon five (5) days' prior
written notice and provided that such inspection or audit is conducted during
normal business hours and at the offices of the party who is subject to such
inspection or audit. The provisions of this Section 8 will survive the Closing.

                  (b) Guest Ledger Receivables shall be prorated between the ENN
Entities and the Prime Entities such that the Prime Entities shall receive a
credit for all Guest Ledger Receivables prior to the Cutoff Time and the ENN
Entities shall receive all Guest Ledger Receivables after the Cutoff Time. All
credits for Guest Ledger Receivables shall be calculated after first deducting
applicable discounts and credit card and travel agent commissions, to the extent
the same are not paid by the Prime Entities separately, and after writing down
to zero all guest ledger charges that are disputed by the guest. Any customer
account existing as of the Cutoff Time but which is later deemed to be
uncollectible will be charged by the parties based on the prorations to be made
at the Cutoff Time. If any Guest Ledger Receivable for the period after the
Cutoff Time is erroneously remitted to the Prime Entities, the Prime Entities
shall promptly forward the same to the ENN Entities. If any Guest Ledger
Receivables for the period prior to the Cutoff Time are written down to zero is
in fact collected by the ENN Entities, then the ENN Entities shall promptly
remit the same, less any cost of collection, to the Prime Entities.

                  (c)     All charges shown on the Hotels' city ledger as of the
Cutoff Time and collected subsequent to the Cutoff Time shall be applied first
as directed by the payor, then, for the benefit of the Prime Entities, to
charges incurred prior to the Cutoff Time, in the order in which they were
incurred, and then, for the benefit of the ENN Entities, to charges incurred
after the Cutoff Time.

                  (d)     The Prime Entities shall be responsible for all
payments accruing under the Hotel Contracts prior to the Cutoff Time and the ENN
Entities shall be responsible for all payments accruing under the Hotel
Contracts after the Cutoff Time.  Any amounts not known as of the Closing shall
be estimated on the Settlement Statement and shall be reprorated in accordance
with this Section 8.

                  (e) The ENN Entities shall receive a credit on the Settlement
Statement for the prorated amounts (as of the Cutoff Time) of all rents and
other payments under the Tenant Leases previously paid to or collected by the
Prime Entities and attributable to any period following the Cutoff Time. After
the Cutoff Time, the Prime Entities will cause to be paid or turned over to the
ENN Entities all rents and other payments under the Tenant Leases, if any,
received by the Prime Entities and attributable to the period after the Cutoff
Time. Delinquent rents will not be prorated. The ENN Entities agree to use good
faith collection procedures with respect to the collection of any delinquent
rents but the ENN Entities shall have no liability for the failure to collect
any such amounts and will not be required to conduct lock-outs or take any other
legal action to enforce collection of any such amounts owed to the Prime
Entities from any tenant of the Hotels. All sums collected by the ENN Entities
from and after the Closing Date from each tenant will be applied first as
directed by payor, then to current amounts owed by such tenant to the ENN
Entities, and then, to prior delinquencies owed by such tenant to the Prime
Entities. Any sums due to the Prime Entities will be promptly remitted to the
Prime Entities.

                  (f)    The ENN Entities shall be entitled to a credit for all
security and other deposits actually held by the Prime Entities as of the Cutoff
Time with respect to the Tenant Leases.

                  (g)    The Prime Entities shall be responsible for the payment
of all Impositions (other than Impositions that are the ENN Entities'
responsibility under the Leases), if any, payable or accrued with respect to all
of the Hotels until the Cutoff Time and the Lessors and any applicable New
Lessee shall be jointly and severally responsible for the payment of all
Impositions with respect to all of the Hotels after the Cutoff Time.  The Prime
Entities shall be entitled to receive any rebates or refunds with respect to any
uch Impositions paid by the Prime Entities.

                  (h)    Final readings and final billings for utilities
(including telephone) will be made if possible as of the Cutoff Time, in which
event no proration will be made at Closing with respect to utility bills.  The
Prime Entities will be entitled to all deposits presently in effect with the
utility providers if such deposits are in the name of any of the Prime Entities,
and the New Lessees will be obligated to make their own arrangements for
deposits with the utility providers.  To the extent that bills are not
available, the cost of such utilities shall be apportioned between the parties
on the basis of the latest actual (not estimated) bill for such service and
adjusted as necessary post-closing when the bill becomes available as
contemplated in this Section 8.

                  (i)    The Prime Entities shall sell and the ENN Entities
shall purchase from the Prime Entities all petty cash funds (excluding
purchasing receipts and paid outs) and cash in house banks for all of the Hotels
at 100% of face value at the Cutoff Time.

                  (j)    The Prime Entities shall be responsible for the payment
of all franchise and other fees, if any, under the Franchise Agreements with
respect to the period up to the Cutoff Time and the ENN Entities shall be
responsible for the payment of all franchise and other fees, if any, under the
Franchise Agreements with respect to the period after the Cutoff Time.

                  (k)    The Prime Entities shall be responsible for the payment
of all fees under the Permits with respect to the period up to the Cutoff Time
and the ENN Entities shall be responsible for the payment of all fees under the
Permits with respect to the period after the Cutoff Time.

                  (l)    The ENN Entities shall receive a credit for advance
payments, if any, under Bookings to the extent Bookings relate to a period after
the Cutoff Time.

                  (m)    The ENN Entities shall receive a credit for any vested
vacation accruals as of the Cutoff Date for employees of the Hotels who are
subsequently hired by any of the ENN Entities or any of their management
companies.

                  (n)    The Prime Entities shall be responsible for the payment
of severance benefits, if any, to any employees of the Hotels who are not hired
by any of the ENN Entities or any of their management companies provided ENN
gives the Prime Entities written notice of each employee of any Hotel who will
not be hired at least sixty days prior to the Closing Date.

                           Closing Inventories. On the Closing Date, the Prime
Entities shall cause each Hotel to have on hand (a) linen inventories at the
level and of the quality described on Exhibit N attached hereto and made a part
hereof and (b) inventories of the Significant Supplies at the levels and of the
quality described on Exhibit O.

                           Defaults. In the event that any of the ENN Entities
default in their obligations under this Agreement, the Prime Entities shall have
any and all rights at law and in equity. In the event that any of the Prime
Entities default in their obligations under this Agreement, the ENN Entities
shall have any and all rights at law and in equity.

          9.               Miscellaneous.

          (a)              Subject to applicable law, this Agreement may be
amended, modified, or supplemented only by a written agreement signed by the ENN
Entities and the Prime Entities.

          (b)              Notices required or permitted hereunder shall be in
writing and shall be served on the parties at the following address:

         If to the ENN Entities:           c/o Equity Inns Partnership, LP
                                           7700 Wolf River Boulevard
                                           Germantown, TN 38138
                                           Attention:  Mr. Howard A. Silver
                                           Facsimile: (901) 754-2374

         With Copies to:                   Hunton & Williams
                                           951 East Byrd Street
                                           Richmond, VA 23219
                                           Attention: David C. Wright
                                           Facsimile: (804)788-8218

                                                     and

                                           Hunton & Williams
                                           2000 Riverview Tower
                                           900 South Gay Street
                                           Knoxville, TN 37902
                                           Attention:  John G. Brock
                                           Facsimile: (865) 549-7704

         If to the Prime Entities:         c/o Prime Hospitality Corp.
                                           700 Route 46 East
                                           Fairfield, NJ 07004
                                           Attention:  Richard Szymanski
                                           Facsimile: (973) 882-7689

                                                     with copy to:

                                           Kathleen Kneis, Esq.
                                           c/o Prime Hospitality Corp.
                                           700 Route 46 East
                                           Fairfield, NJ  07004
                                           Facsimile: (973) 882-1787

Any such notices may be sent by (i) certified mail, return receipt requested,
postage prepaid in the U.S. mail, (ii) a nationally recognized overnight
courier, or (iii) facsimile transmission. All notices shall be deemed delivered
upon receipt or refusal to accept delivery. The above addresses and facsimile
numbers may be changed by written notice to the other party; provided that no
notice of a change of address or facsimile number shall be effective until
actual receipt of such notice. Copies of notices are for informational purposes
only, and a failure to give or receive copies of any notice shall not be deemed
a failure to give notice.

          (c)              No party shall have the right to assign this
Agreement, without the prior written consent of the other parties.  This
Agreement will be binding upon and inure to the benefit of the parties and their
respective successors and permitted assigns, and no other party will be
conferred any rights by virtue of this Agreement or be entitled to enforce any
of the provisions hereof.

          (d)              Nothing set forth in this Agreement shall be
construed to create a joint venture between the ENN Entities and the Prime
Entities.

          (e)              This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York without regard to any
otherwise applicable principles of conflicts of laws.  Any action arising out of
this Agreement may be brought in the state or federal courts of New Jersey or
Tennessee and every party hereby consents to the jurisdiction of the above
courts in any such action and to the laying of venue in the State of New Jersey
and the State of Tennessee.  Any process in any such action shall be duly served
if mailed by registered mail, postage prepaid, to the parties at their
respective address described in Section 11(b) of this Agreement.

          (f) Each party to this Agreement hereby expressly waives any right to
trial by jury of any claim, demand, action or cause of action (each, an
"Action") (i) arising out of this Agreement, including any present or future
amendment thereof or (ii) in any way connected with or related or incidental to
the dealings of the parties or any of them with respect to this Agreement (as
hereafter amended) or any other instrument, document or agreement executed or
delivered in connection herewith, or the transactions related hereto or thereto,
in each case whether such Action is now existing or hereafter arising, and
whether sounding in contract or tort or otherwise and regardless of which party
asserts such Action; and each party hereby agrees and consents that any such
Action shall be decided by court trial without a jury, and that any party to
this Agreement may file an original counterpart or a copy of this Section 10(f)
with any court as written evidence of the consent of the parties to the waiver
of any right they might otherwise have to trial by jury.

          (g)              Time is of the essence of this Agreement.

          (h)              No waiver of any of the provisions of this Agreement
shall be deemed, or shall constitute, a waiver of any other provision, whether
or not similar, nor shall any waiver constitute a continuing waiver, nor shall
a waiver in any instance constitute a waiver in any subsequent instance.  No
waiver shall be binding unless executed in writing by the party making the
waiver.

          (i)              This Agreement and any other document to be furnished
pursuant to the provisions hereof embody the entire agreement and understanding
of the parties hereto as to the subject matter contained herein.  There are no
restrictions, promises, representations, warranties, covenants, or undertakings
other than those expressly set forth or referred to in such documents.  This
Agreement and such documents supersede all prior agreements and understandings
among the parties with respect to the subject matter hereof.

          (j)              Any term or provision of this Agreement that is
invalid or unenforceable in any jurisdiction will, as to such jurisdiction, be
ineffective to the extent of such invalidity or unenforceability without
rendering invalid or unenforceable the remaining terms and provisions of this
Agreement, or affecting the validity or enforceability of any of the terms or
provisions of this Agreement.

          (k)              If any action is brought by any party to this
Agreement to enforce or interpret its terms or provisions, the prevailing party
will be entitled to reasonable attorney fees and costs incurred in connection
with such action prior to and at trial and on any appeal therefrom.

          (l)              Each party to this Agreement will be responsible for,
and will pay, all of its own fees and expenses, including those of its counsel
and accountants, incurred in the negotiation, preparation, and consummation of
this Agreement and the transaction contemplated hereunder.

          (m)              This Agreement may be executed in two or more fully
or partially executed counterparts, each of which will be deemed an original
binding the signer thereof against the other signing parties, but all
counterparts together will constitute one and the same instrument.

          (n)              The parties acknowledge that the transactions
described herein are of a confidential nature and shall not be disclosed except
 as required by law.  No party shall make any public disclosure of the specific
terms of this Agreement, except as required by law (including SEC regulations
and NYSE and NASDAQ requirements).  In connection with the negotiation of this
Agreement and the preparation for the consummation of the transactions
contemplated hereby, each party acknowledges that it will have access to
confidential information relating to the other party.  Each party shall treat
such information as confidential, preserve the confidentiality thereof, and not
duplicate or use such information, except in connection with the transactions
contemplated hereby.  Except as required by applicable law, neither party shall
issue any press release or make any statement to the media regarding such
confidential information without the other party's consent, which consent shall
not be unreasonably withheld.

                         {SIGNATURES ON FOLLOWING PAGE}

<PAGE>

                  IN WITNESS WHEREOF, the parties have executed and delivered
this Agreement as of the date and year first above written.

                                           Equity Inns Partnership, L.P.

                                           By:   Equity Inns Trust,
                                                 General Partner

                                           By:   /s/ Howard Silver
                                                 -------------------------------
                                           Its:  President

                                           Equity Inns, Inc.

                                           By:   /s/ Howard Silver
                                                 -------------------------------
                                           Its:  President

                                           EQI Financing Partnership II, L.P

                                           By:   EQI Financing Corporation II,
                                                 General Partner

                                           By:   /s/ Howard Silver
                                                 -------------------------------
                                           Its:  President

                                           EQI Financing Partnership V, L.P.

                                           By:   EQI Financing Corporation V,
                                                 General Partner

                                           By:   /s/ Howard Silver
                                                 -------------------------------
                                           Its:  President

                                           ENN Leasing Company, Inc.

                                           By:   /s/ Howard Silver
                                                 -------------------------------
                                           Its:  President

                                           ENN Leasing Company II, L.L.C.

                                           By:   /s/ Howard Silver
                                                 -------------------------------
                                           Its:  President

                                           ENN Leasing Company V, L.L.C.

                                           By:   /s/ Howard Silver
                                                 -------------------------------
                                           Its:  President

                                           Prime Hospitality Corp.

                                           By:   /s/ Douglas Vicari
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

                                           Oradell Holding Corp.

                                           By:   /s/ Douglas Vicari
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

                                           Wayne Holding Corp.

                                           By:   /s/ Douglas Vicari
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

                                           Caldwell Holding Corp.

                                           By:   /s/ Douglas Vicari
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

<PAGE>

                                    EXHIBIT A

                                  ENN ENTITIES

         ENN Leasing Company, Inc.

         EQI Financing Partnership II, L.P.

         ENN Leasing Company II, L.L.C.

         EQI Financing Partnership V, L.P.

         ENN Leasing Company V, L.L.C.

<PAGE>

                                    EXHIBIT B

                            LIST OF LEASES AND HOTELS

1.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999 and assigned to Oradell Holding Corp.
on October 19, 2000, for AmeriSuites Hotel located in Baltimore, Maryland.

2.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999 and assigned to Oradell Holding Corp.
on October 19, 2000, for AmeriSuites Hotel located in Birmingham, Alabama.

3.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999 and assigned to Oradell Holding Corp.
on October 19, 2000, for AmeriSuites Hotel located in Albuquerque, New Mexico.

4.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Minneapolis, Minnesota.

5.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Nashville, Tennessee.

6.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Las Vegas, Nevada.

7.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Miami (Kendall), Florida.

8.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Baton Rouge, Louisiana.

9.    Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Memphis, Tennessee.

10.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999 and assigned to Oradell Holding Corp. on October 19,
2000, for AmeriSuites Hotel located in Flagstaff, Arizona.

11.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999, for AmeriSuites Hotel located in Jacksonville, Florida.

12.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999, for AmeriSuites Hotel located in Miami Airport,
Florida.

13.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999 and assigned to Oradell Holding Corp. on October 19,
2000, for AmeriSuites Hotel located in Tampa, Florida.

14.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Indianapolis, Indiana.

15.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Overland Park, Kansas.

16.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999, for AmeriSuites Hotel located in Blue Ash, Ohio.

17.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Columbus, Ohio.

18.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999 and assigned to Oradell Holding Corp. on October 19,
2000, for AmeriSuites Hotel located in Forest Park, Ohio.

19.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Richmond, Virginia.

<PAGE>

                                      Page

                                    EXHIBIT C

                          LIST OF FRANCHISE AGREEMENTS

1.    AmeriSuites Franchising, Inc., formerly known as AmeriSuites Hospitality,
Inc. ("AFI") and Caldwell Holding Corp. ("CHC"), dated December 10, 1997, for
AmeriSuites Hotel located in Columbus (Worthington), OH.

2.    AFI and CHC, dated December 10, 1997, for AmeriSuites Hotel located in
Indianapolis (Keystone), IN.

3.    AFI and CHC, dated December 10, 1997, for AmeriSuites Hotel located in
Overland Park, KS.

4.    AFI and CHC, dated December 3, 1997, for AmeriSuites Hotel located in
Richmond (Innsbrook), Virginia.

5.    AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in Memphis
(Wolfchase), Tennessee.

6. AFI and CHC, dated December 10, 1997, for AmeriSuites Hotel located in
Cincinnati (Forest Park), OH.

7.    AFI and CHC, dated December 10, 1997, for AmeriSuites Hotel located in
Flagstaff, AZ.

8.    AFI and CHC, dated December 10, 1997, for AmeriSuites Hotel located in
Tampa (Westshore), FL.

9.    AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in
Albuquerque, NM.

10.      AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in
Baltimore (BWI), MD.

11.      AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in
Birmingham (Riverchase), AL.

12.      AFI and CHC, dated December 10, 1997, for AmeriSuites Hotel located in
Cincinnati (Blue Ash), OH.

13.      AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in
Baton Rouge, LA.

14.      AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in Las
Vegas, NV.

15.      AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in
Miami (Kendall), FL.

16.      AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in
Minneapolis (Mall of America), MN.

17.      AFI and CHC, dated June 26, 1998, for AmeriSuites Hotel located in
Nashville (Cool Springs), Tennessee.

18.      AFI and CHC, dated December 10, 1997, for AmeriSuites Hotel located in
Jacksonville (Bay Meadow), FL.

19.      AFI and CHC, dated December 3, 1997, for AmeriSuites Hotel located in
Miami (Airport), FL.

<PAGE>

                                   EXHIBIT D-1

                                NEW MANAGER LIST

Hotel                                                     New Manager
-----                                                     -----------
AmeriSuites - Columbus, OH                                Wayne Holding Corp.

AmeriSuites - Indianapolis, IN                            Wayne Holding Corp.

AmeriSuites - Kansas City, KS                             Wayne Holding Corp.

AmeriSuites - Richmond, VA                                Wayne Holding Corp.

AmeriSuites - Memphis, Tennessee                          Wayne Holding Corp.

AmeriSuites - Cincinnati, OH                              Oradell Holding Corp.

AmeriSuites - Flagstaff, AZ                               Oradell Holding Corp.

AmeriSuites - Tampa, FL                                   Oradell Holding Corp.

AmeriSuites - Albuquerque, NM                             Oradell Holding Corp.

AmeriSuites - Baltimore, MD                               Oradell Holding Corp.

AmeriSuites - Birmingham, AL                              Oradell Holding Corp.

AmeriSuites- Cincinnati (Blue Ash), OH                    Caldwell Holding Corp.

AmeriSuites - Baton Rouge, LA                             Caldwell Holding Corp.

AmeriSuites - Las Vegas, NV                               Caldwell Holding Corp.

AmeriSuites - Miami (Kendall), FL                         Caldwell Holding Corp.

AmeriSuites - Minneapolis (Mall of America), MN           Caldwell Holding Corp.

AmeriSuites - Nashville (Cool Springs), Tennessee         Caldwell Holding Corp.

AmeriSuites - Jacksonville (Baymeadows), FL               Caldwell Holding Corp.

AmeriSuites - Miami (Airport), FL                         Caldwell Holding Corp.

<PAGE>

                                   EXHIBIT D-2

                          FORM OF MANAGEMENT AGREEMENT

    [See Exhibit 10.5 filed as a portion of this Current Report on Form 8-K]

<PAGE>

                                      Page

                                    EXHIBIT E

                               NECESSARY CONSENTS

1.       Consents pursuant to the EQI Financing Partnership II, L.P. and EQI/WV
         Financing Partnership, L.P. $97,020,000 conduit loan by GMAC Commercial
         Mortgage Corporation with respect to the following Hotels:

         AmeriSuites Hotel - Columbus, OH
         AmeriSuites Hotel - Indianapolis, IN
         AmeriSuites Hotel - Overland Park, KS
         AmeriSuites Hotel - Richmond, VA
         AmeriSuites Hotel - Memphis, TN

2.       Consents pursuant to the EQI Financing Partnership V, L.P. $36,000,000
         conduit loan by GMAC Commercial Mortgage Corporation with respect to
         the following Hotels:

         AmeriSuites Hotel - Forest Park (Cincinnati), OH
         AmeriSuites Hotel - Flagstaff, AZ
         AmeriSuites Hotel - Tampa, FL
         AmeriSuites Hotel - Albuquerque, NM
         AmeriSuites Hotel - Baltimore, MD
         AmeriSuites Hotel - Birmingham, AL

3.       Consents pursuant to the $125,000,000 revolving credit facility by
         BankOne, NA with respect to the following Hotels:

         AmeriSuites- Cincinnati (Blue Ash), OH
         AmeriSuites - Baton Rouge, LA
         AmeriSuites - Las Vegas, NV
         AmeriSuites - Miami (Kendall), FL
         AmeriSuites - Minneapolis (Mall of America), MN
         AmeriSuites - Nashville (Cool Springs), TN
         AmeriSuites - Jacksonville (Baymeadows), FL
         AmeriSuites - Miami (Airport), FL

4.       The following consents shall be required in connection with the
         transactions described in this Agreement but shall not be deemed
         Necessary Consents:

         (a)  Consents to transfers of liquor licenses and other operating
              permits and licenses; and

         (b)  Any other consents which are disclosed by the ENN Entities to the
              Prime Entities.

<PAGE>

                                    EXHIBIT F

CERTIFICATE OF TERMINATION

                  The undersigned are parties to that certain Master Lease
Termination Agreement dated as of December ____, 2001 (the "Agreement").
Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed in the Agreement.

                  The undersigned, hereby certify as follows:

                  That the Leases listed on Exhibit A, attached hereto and
incorporated herein, have been terminated in accordance with Section 2(a) of the
Agreement, effective as of 11:59 p.m. on December 31, 2001.

                  IN WITNESS WHEREOF, the undersigned have executed this
Certificate as of the 31st day of December, 2001 and effective as of the 31st
day of December, 2001.

                                           Equity Inns Partnership, L.P.

                                           By:   Equity Inns Trust,
                                                 General Partner

                                           By:
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

                                           Equity Inns, Inc.

                                           By:   _______________________________
                                           Its:  _______________________________

                                           EQI Financing Partnership V, L.P.

                                           By:   EQI Financing Corporation V,
                                                 General Partner

                                           By:
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

                                           EQI Financing Partnership II, L.P

                                           By:  EQI Financing Corporation II,
                                                General Partner

                                           By:
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

                                           ENN Leasing Company, Inc.

                                           By:   ______________________________
                                           Its:  ______________________________

                                           ENN Leasing Company II, L.L.C.

                                           By:   _______________________________
                                           Its:  _______________________________

                                           ENN Leasing Company V, L.L.C.

                                           By:   _______________________________
                                           Its:  _______________________________

                                           Prime Hospitality Corp.

                                           By:   _______________________________
                                           Its:  _______________________________

                                           Oradell Holding Corp.

                                           By:   _______________________________
                                           Its:  _______________________________

                                           Wayne Holding Corp.

                                           By:   _______________________________
                                           Its:  _______________________________

                                           Caldwell Holding Corp.

                                           By:   _______________________________
                                           Its:  _______________________________

<PAGE>

                     EXHIBIT A TO CERTIFICATE OF TERMINATION

1.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999 and assigned to Oradell Holding Corp.
on October 19, 2000, for AmeriSuites Hotel located in Baltimore, Maryland.

2.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999 and assigned to Oradell Holding Corp.
on October 19, 2000, for AmeriSuites Hotel located in Birmingham, Alabama.

3.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999 and assigned to Oradell Holding Corp.
on October 19, 2000, for AmeriSuites Hotel located in Albuquerque, New Mexico.

4.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Minneapolis, Minnesota.

5.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Nashville, Tennessee.

6.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in Las
Vegas, Nevada.

7.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Miami (Kendall), Florida.

8.    Lease Agreement dated as of June 26, 1998 between Equity Inns Partnership,
L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by First
Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel located in
Baton Rouge, Louisiana.

9.    Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Memphis, Tennessee.

10.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999 and assigned to Oradell Holding Corp. on October 19,
2000, for AmeriSuites Hotel located in Flagstaff, Arizona.

11.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999, for AmeriSuites Hotel located in Jacksonville, Florida.

12.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999, for AmeriSuites Hotel located in Miami Airport,
Florida.

13.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999 and assigned to Oradell Holding Corp. on October 19,
2000, for AmeriSuites Hotel located in Tampa, Florida.

14.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Indianapolis, Indiana.

15.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Overland Park, Kansas.

16.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999, for AmeriSuites Hotel located in Blue Ash, Ohio.

17.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Columbus, Ohio.

18.   Lease Agreement dated as of December, 1997 between Equity Inns
Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee, amended by
First Amendment to Lease dated August 1998 and by Second Amendment to Lease
dated September 7, 1999 and assigned to Oradell Holding Corp. on October 19,
2000, for AmeriSuites Hotel located in Forest Park, Ohio.

19.   Consolidated Amended and Restated Lease Agreement dated as of June 16,
1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne Holding
Corp., as Lessee, amended by First Amendment to Lease dated September 7, 1999,
for AmeriSuites Hotel located in Richmond, Virginia.

                                       A-1

<PAGE>

                                    EXHIBIT G

                         MEMORANDUM OF LEASE TERMINATION

[To be prepared in Recordable Form]

                  This Memorandum of Lease Termination is made as of the _____
day of December, 2001 between Equity Inns Partnership, L.P. (the "Lessor") and
Caldwell Holding Corp. (the "Lessee").

                  Lessor and Lessee entered into that certain Lease Agreement
dated as of _____________ (together with any and all amendments and
modifications thereto, the "Lease"), a memorandum of which was recorded in the
__________________ on _______________ [as Document Number ________] [in Book
______ at Page ________] pursuant to which Lessor leased the property legally
described on Exhibit A attached hereto and made a part hereof (the "Property")
to Lessee.

                  Lessor and Lessee have terminated the Lease effective as of
the date hereof and by this Memorandum of Lease Termination Lessee releases any
and all right, title, and interest, if any, it has or may have in the Property
pursuant to the Lease.

                  IN WITNESS WHEREOF, Lessor and Lessee have executed this
Memorandum of Lease Termination as of the date and year first above written.

                                           LESSOR:

                                           Equity Inns Partnership, L.P.

                                           By:   Equity Inns Trust,
                                                 General Partner

                                           By:
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

                                           LESSEE:

                                           Caldwell Holding Corp.

                                           By:
                                                 -------------------------------
                                           Its:
                                                 -------------------------------

<PAGE>

                                    EXHIBIT H

                                  TENANT LEASES

                           NONE EXIST; NOT APPLICABLE

<PAGE>

                                    EXHIBIT I

                       FORM OF ASSIGNMENT OF TENANT LEASES

                  THIS ASSIGNMENT AND ASSUMPTION OF LEASES (the "Assignment")
dated as of ________________, 200__, is between ________________________, a
("Assignor"), and ____________________, a(n) _________________ ("Assignee").

                                    RECITALS
          A.          Assignor is the lessor under certain leases executed with
respect to that certain real property and improvements thereon known as
____________________, _____________, ________ (the "Property"), which leases are
described in Schedule 1 attached hereto (the "Leases").

          B.          Assignor desires to assign its interest as lessor in the
Leases to Assignee, and Assignee desires to accept the assignment thereof, on
the terms and conditions below.

                  ACCORDINGLY, the parties hereby agree as follows:

          1.    Assignor hereby assigns to Assignee all of its right, title, and
interest in and to the Leases, and Assignee hereby accepts such assignment and
assumes all of the lessor's obligations under the Leases arising before or after
the date hereof.

          2.    Assignee agrees to indemnify Assignor and hold Assignor harmless
from and against any and all claims, liens, damages, demands, causes of action,
liabilities, lawsuits, judgments, losses, costs and expenses (including but not
limited to attorneys' fees and expenses) asserted against or incurred by
Assignor by reason of or arising out of any failure by Assignee to perform or
observe the obligations, covenants, terms and conditions assumed by Assignee
hereunder.

          3.    In the event of any dispute between Assignor and Assignee
arising out of the obligations of the parties under this Assignment or
concerning the meaning or interpretation of any provision contained herein, the
losing party shall pay the sole prevailing party's costs and expenses of such
dispute, including, without limitation, reasonable attorneys' fees and costs.

          4.    This Assignment shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns.

          5.    This Assignment shall be governed and construed in accordance
with the laws of the State of ___________.

          6.    This Assignment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall
constitute one and the same instrument.

<PAGE>

                  IN WITNESS WHEREOF, Assignor and Assignee have executed this
Assignment the day and year first above written.

ASSIGNOR:
                                           ------------------------------------,

                                           a
                                             -----------------------------------

                                           By:
                                                 -------------------------------

                                           Name:
                                                 -------------------------------

                                           Title:
                                                 -------------------------------

ASSIGNEE:                                  ------------------------------------,
                                           a(n)
                                                --------------------------------

                                           By:
                                                 -------------------------------

                                           Name:
                                                 -------------------------------

                                           Title:
                                                 -------------------------------

<PAGE>

                                    EXHIBIT J

                                 HOTEL CONTRACTS

<PAGE>

                                    EXHIBIT K

                               FORM OF ASSIGNMENT

                  THIS ASSIGNMENT AND ASSUMPTION (the "Assignment") dated as of
__________________, 2001, is between ___________________, a ("Assignor"), and
____________________, a(n) _________________ ("Assignee").

                                    RECITALS
          A.         Assignor is the Lessor of certain real property and certain
improvements thereon known as ____________________, __________, _________ (the
"Property").  Assignee is the owner [ground lessor] of the Property.

          B.         Assignor has entered into certain contracts which are more
particularly described in Schedule l attached hereto (the "Hotel Contracts"),
which affect the Property.

          C.         Assignor and Assignee together with others are parties to
that certain Master Lease Termination Agreement dated as of ____________, 2001
(the "Agreement") pursuant to which and among other things, Assignor and
Assignee agreed to terminate or assign the lease between Assignor and Assignee
for the Property.

          D.         Assignor desires to assign to Assignee its interest, if
any, and to the extent assignable, in (a) the Hotel Contracts, (b) the Bookings
(as defined in the Agreement) and the (c) the Permits (as defined in the
Agreement) and Assignee desires to accept the assignment thereof, on the terms
and conditions below.

                  ACCORDINGLY, the parties hereby agree as follows:

          1.      Assignor hereby assigns to Assignee all of Assignor's right,
title, and interest, if any, in and to the following, from and after the date
hereof, to the extent the same are assignable:  (a) the Hotel Contracts, (b) the
Bookings, and (c) the Permits.

          2.      Assignee hereby accepts the foregoing assignment by Assignor
and assumes all of the Assignor's obligations under the Hotel Contracts, the
Bookings, and the Permits arising after the date hereof.

          3.      Assignee agrees to indemnify Assignor and hold Assignor
harmless from and against any and all claims, liens, damages, demands, causes of
action, liabilities, lawsuits, judgments, losses, costs and expenses (including
but not limited to attorneys' fees and expenses) asserted against or incurred by
Assignor by reason of or arising out of any failure by Assignee to perform or
observe the obligations, covenants, terms and conditions assumed by Assignee
hereunder.

          4.      In the event of any dispute between Assignor and Assignee
arising out of the obligations of the parties under this Assignment or
concerning the meaning or interpretation of any provision contained herein, the
losing party shall pay the sole prevailing party's costs and expenses of such
dispute, including, without limitation, reasonable attorneys' fees and costs.

          5.      This Assignment shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns.

          6.      This Assignment shall be governed and construed in accordance
with the laws of the State of _______.

          7.      This Assignment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall
constitute one and the same instrument.

                  IN WITNESS WHEREOF, Assignor and Assignee have executed this
Agreement the day and year first above written.

ASSIGNOR:
                                           ------------------------------------,
                                           a
                                             -----------------------------------

                                           By:
                                                 -------------------------------

                                           Name:
                                                 -------------------------------

                                           Title:
                                                 -------------------------------

ASSIGNEE:
                                           ------------------------------------,
                                           a(n)
                                               ---------------------------------

                                           By:
                                                 -------------------------------

                                           Name:
                                                 -------------------------------

                                           Title:
                                                 -------------------------------

<PAGE>

                                    EXHIBIT L

                        FORM OF TERMINATION OF GUARANTIES

                  THIS TERMINATION, dated as of this ____ day of December, 2001,
is made by each of Equity Inns Partnership, L.P. ("EIP"), EQI Financing
Partnership II, L.P. ("EQI II") and EQI Financing Partnership V, L.P. ("EQI V")
in favor of Prime Hospitality Corp. ("Guarantor").

                                   WITNESSETH:
                  WHEREAS, the Guarantor has executed and delivered for the
benefit of EIP, EQI II and EQI V each of the guaranties described on Exhibit A
attached hereto and made a part hereof (the "Guaranties"); and

                  WHEREAS, the Guaranties each provide that the Guarantor will
guaranty certain obligations of the lessee under and pursuant to the Leases
described on Exhibit B attached hereto and made a part hereof (the "Leases");
and

                  WHEREAS, the lessors and the lessees under the Leases are
terminating the Leases and each of EIP, EIP II and EIP V no longer requires the
Guaranties.

                  NOW, THEREFORE, in consideration of One Dollar ($1.00) and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, each of EIP, EQI II and EQI V agrees to terminate forever
the Guaranties as of the date hereof and each of EIP, EQI II and EQI V does
hereby release, relieve and discharge the Guarantor from any and all liability
at any time arising thereunder; provided, however, nothing contained in this
Termination shall relieve or discharge the Guarantor with respect to any
obligations under the Guaranties that arose prior to the date hereof.

                                           Equity Inns Partnership, L.P.

                                           By:  Equity Inns Trust,
                                                General Partner

                                           By:  ___________________________
                                           Its: ___________________________

                                           EQI Financing Partnership II, L.P

                                           By:  EQI Financing Corporation II,
                                                General Partner

                                           By:   ____________________________
                                           Its:  ____________________________

                                           EQI Financing Partnership V, L.P.

                                           By:  EQI Financing Corporation V,
                                                General Partner

                                           By:   ____________________________
                                           Its:  ____________________________

<PAGE>

                     EXHIBIT A TO TERMINATION OF GUARANTIES

1.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Baltimore, Maryland.

2.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Birmingham, Alabama.

3.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Albuquerque, New Mexico.

4.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Minneapolis, Minnesota.

5.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Nashville, Tennessee.

6.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Las Vegas, Nevada.

7.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Miami (Kendall), Florida.

8.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Baton Rouge, Louisiana.

9.       Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Memphis, Tennessee.

10.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Flagstaff, Arizona.

11.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Jacksonville, Florida.

12.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Miami Airport, Florida.

13.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Tampa, Florida.

14.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Indianapolis, Indiana.

15.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Overland Park, Kansas.

16.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Blue Ash, Ohio.

17.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Columbus, Ohio.

18.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Forest Park, Ohio.

19.      Guaranty of Prime Hospitality Corp. dated September 7, 1999 as to
         AmeriSuites Hotel located in Richmond, Virginia.

                     EXHIBIT B TO TERMINATION OF GUARANTIES

1.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999 and
         assigned to Oradell Holding Corp. on October 19, 2000, for AmeriSuites
         Hotel located in Baltimore, Maryland.

2.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999 and
         assigned to Oradell Holding Corp. on October 19, 2000, for AmeriSuites
         Hotel located in Birmingham, Alabama.

3.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999 and
         assigned to Oradell Holding Corp. on October 19, 2000, for AmeriSuites
         Hotel located in Albuquerque, New Mexico.

4.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999, for
         AmeriSuites Hotel located in Minneapolis, Minnesota.

5.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999, for
         AmeriSuites Hotel located in Nashville, Tennessee.

6.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999, for
         AmeriSuites Hotel located in Las Vegas, Nevada.

7.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999, for
         AmeriSuites Hotel located in Miami (Kendall), Florida.

8.       Lease Agreement dated as of June 26, 1998 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated September 7, 1999, for
         AmeriSuites Hotel located in Baton Rouge, Louisiana.

9.       Consolidated Amended and Restated Lease Agreement dated as of June 16,
         1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne
         Holding Corp., as Lessee, amended by First Amendment to Lease dated
         September 7, 1999, for AmeriSuites Hotel located in Memphis, Tennessee.

10.      Lease Agreement dated as of December, 1997 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated August 1998 and by Second
         Amendment to Lease dated September 7, 1999 and assigned to Oradell
         Holding Corp. on October 19, 2000, for AmeriSuites Hotel located in
         Flagstaff, Arizona.

11.      Lease Agreement dated as of December, 1997 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated August 1998 and by Second
         Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel
         located in Jacksonville, Florida.

12.      Lease Agreement dated as of December, 1997 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated August 1998 and by Second
         Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel
         located in Miami Airport, Florida.

13.      Lease Agreement dated as of December, 1997 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated August 1998 and by Second
         Amendment to Lease dated September 7, 1999 and assigned to Oradell
         Holding Corp. on October 19, 2000, for AmeriSuites Hotel located in
         Tampa, Florida.

14.      Consolidated Amended and Restated Lease Agreement dated as of June 16,
         1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne
         Holding Corp., as Lessee, amended by First Amendment to Lease dated
         September 7, 1999, for AmeriSuites Hotel located in Indianapolis,
         Indiana.

15.      Consolidated Amended and Restated Lease Agreement dated as of June 16,
         1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne
         Holding Corp., as Lessee, amended by First Amendment to Lease dated
         September 7, 1999, for AmeriSuites Hotel located in Overland Park,
         Kansas.

16.      Lease Agreement dated as of December, 1997 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated August 1998 and by Second
         Amendment to Lease dated September 7, 1999, for AmeriSuites Hotel
         located in Blue Ash, Ohio.

17.      Consolidated Amended and Restated Lease Agreement dated as of June 16,
         1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne
         Holding Corp., as Lessee, amended by First Amendment to Lease dated
         September 7, 1999, for AmeriSuites Hotel located in Columbus, Ohio.

18.      Lease Agreement dated as of December, 1997 between Equity Inns
         Partnership, L.P., as Lessor, and Caldwell Holding Corp., as Lessee,
         amended by First Amendment to Lease dated August 1998 and by Second
         Amendment to Lease dated September 7, 1999 and assigned to Oradell
         Holding Corp. on October 19, 2000, for AmeriSuites Hotel located in
         Forest Park, Ohio.

19.      Consolidated Amended and Restated Lease Agreement dated as of June 16,
         1999 between EQI Financing Partnership II, L.P., as Lessor, and Wayne
         Holding Corp., as Lessee, amended by First Amendment to Lease dated
         September 7, 1999, for AmeriSuites Hotel located in Richmond, Virginia.

<PAGE>

                                    EXHIBIT M

                             FORM OF NEW GUARANTIES

                                    GUARANTY

         KNOW ALL MEN BY THESE PRESENTS, That in consideration of ONE AND MORE
DOLLARS ($1.00 and more), and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the undersigned (hereinafter
called the "Guarantor"), hereby unconditionally, absolutely, and irrevocably
guarantees the full and prompt payment by WAYNE HOLDING CORP. of the security
deposit (the "Security Deposit") provided for in Section 12.02 of that certain
Management Agreement (the "Management Agreement") dated January 1, 2002, by and
between ENN LEASING COMPANY II, L. L.C. ("Owner"), and WAYNE HOLDING CORP.
("Manager") relating the to property described on Attachment 1 hereto. This
Guaranty is the Guaranty referred to in the above referred to Section 12.02 of
the Management Agreement. It is the intention of the Guarantor that this
Guaranty shall be a guaranty of payment and not of collection. Guarantor hereby
agrees to pay the Obligation in full without requiring Owner to first resort to
the Manager or to any other guaranty or collateral which Manager may hold.

         This Guaranty shall continue to be effective or be reinstated, as the
case may be, if at any time after payment the Security Deposit shall be
rescinded or must otherwise be returned by the Owner to the Manager, the
Guarantor, or any other party, for whatever reason, including, but not limited
to, the insolvency, bankruptcy or reorganization of the Manager, the Guarantor,
or any other party, all as though such payment had not been made.

         Guarantor specifically agrees that this Guaranty may be enforced
directly against Guarantor in the event of the voluntary or involuntary
dissolution, liquidation, reorganization, bankruptcy, insolvency, rehabilitation
or receivership of Manager, or any other like statutory or common law
proceedings involving Manager.

         The obligations of Guarantor hereunder shall be absolute and
unconditional irrespective of the validity, legality or enforceability of
Section 12.02 of the Management Agreement, or any other circumstance (other than
payment), which might otherwise constitute a legal or equitable discharge of
Manager, a surety or guarantor, or any defense or set off available to Manager,
it being agreed that the obligations of Guarantor hereunder shall not be
discharged except by payment in full as herein provided. This Guaranty shall not
be impaired by any modification, supplement, extension or amendment of Section
12.02 of the Management Agreement, or by any modification, release, discharge,
or other alteration of Manager's obligations under Section 12.02 of the
Management Agreement, other than by mutual agreement of Owner and Manager.

         Guarantor hereby unconditionally waives with respect to this Guaranty:
(a) notice of acceptance of this Guaranty by Owner; (b) any disability of
Manager or defense available to Manager, including without limitation absence or
cessation of Manager's liability for any reason whatsoever; (c) any defense or
circumstances which might otherwise constitute a legal or equitable discharge of
a Guarantor; and (d) all rights under any state or federal statute dealing with
or affecting the rights of creditors.

         Guarantor hereby represents and agrees that this is a continuing
Guaranty which shall remain in full force and effect until payment in full of
the Security Deposit pursuant to Section 12.02 of the Management Agreement,
including all reasonable expenses which might be incurred by Owner in enforcing
any rights hereunder after default.

         Guarantor will not exercise any rights which it may acquire by way of
subrogation by virtue of any payment made hereunder until the Security Deposit
under Section 12.02 of the Management Agreement has been paid in full.

         Guarantor will upon demand pay to Owner the amount of any reasonable
expenses, including the fees and expenses of its counsel, which Owner may incur
in connection with the enforcement of this Guaranty after default or the failure
by Guarantor to perform or observe any of the provisions hereof.

         Guarantor hereby waives (a) notice of acceptance of this Guaranty; (b)
presentment and demand for payment of the Security Deposit; (c) protest and
notice of dishonor or default to the Guarantor or to any other party with
respect to the Security Deposit; (d) all other notice to which the Guarantor
might otherwise be entitled; and (e) any demand for payment under this Guaranty.

         No delay on the party of the Owner in exercising any rights hereunder
or failure to exercise the same shall operate as a waiver of such rights; no
notice to or demand on the Guarantor shall be deemed to be a waiver of the
obligation of the Guarantor hereunder or of the right of the Owner to take
further action without notice or demand as provided herein; nor in any event
shall any modification or waiver of the provisions of this Guaranty be effective
unless in writing nor shall any such waiver be applicable except in the specific
instance for which given.

         This Guaranty shall be binding upon the Guarantor's legal
representatives, successors and assigns; contains the entire agreement of
guaranty and no other oral or written agreement exists, and no rescission,
waiver, release, modification or amendment of any provision of this Guaranty
shall be valid unless the same shall be in writing and signed by a duly
authorized officer of the Owner; and is a valid and subsisting legal instrument
and no provision which may be deemed unenforceable shall in any way invalidate
any other provision or provisions, all of which shall remain in full force and
effect.

         All notices, requests, demands, directions and other communications
which may or are required to be given, served or sent by either the Guarantor or
Owner to the other under this Guaranty shall be in writing and shall be sent in
accordance with Section 15.2 of the Management Agreement.

         IN WITNESS WHEREOF, the Guarantor has duly executed this Guaranty
effective as of the 1st day of January, 2001.

                                           PRIME HOSPITALITY CORP.

                                           By:
                                                 -------------------------------
                                                 Richard Szymanski, V.P.

<PAGE>

                                  Attachment 1

AmeriSuites Hotel
7490 Vantage Drive
Columbus, Ohio 43235

AmeriSuites Hotel
7905 Giacosa Place
Memphis, Tennessee 38133

AmeriSuites Hotel
4100 Cox Road
Glen Allen, Virginia 23060

AmeriSuites Hotel
9104 Keystone Crossing
Indianapolis, Indiana 46240

AmeriSuites Hotel
6801 West 112th Street
Overland Park, Kansas 66211

<PAGE>

                                    GUARANTY

         KNOW ALL MEN BY THESE PRESENTS, That in consideration of ONE AND MORE
DOLLARS ($1.00 and more), and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the undersigned (hereinafter
called the "Guarantor"), hereby unconditionally, absolutely, and irrevocably
guarantees the full and prompt payment by ORADELL HOLDING CORP. of the security
deposit (the "Security Deposit") provided for in Section 12.02 of that certain
Management Agreement (the "Management Agreement") dated January 1, 2002, by and
between ENN LEASING COMPANY V, L.L.C. ("Owner"), and ORADELL HOLDING CORP.
("Manager") relating the to property described on Attachment 1 hereto. This
Guaranty is the Guaranty referred to in the above referred to Section 12.02 of
the Management Agreement. It is the intention of the Guarantor that this
Guaranty shall be a guaranty of payment and not of collection. Guarantor hereby
agrees to pay the Obligation in full without requiring Owner to first resort to
the Manager or to any other guaranty or collateral which Manager may hold.

         This Guaranty shall continue to be effective or be reinstated, as the
case may be, if at any time after payment the Security Deposit shall be
rescinded or must otherwise be returned by the Owner to the Manager, the
Guarantor, or any other party, for whatever reason, including, but not limited
to, the insolvency, bankruptcy or reorganization of the Manager, the Guarantor,
or any other party, all as though such payment had not been made.

         Guarantor specifically agrees that this Guaranty may be enforced
directly against Guarantor in the event of the voluntary or involuntary
dissolution, liquidation, reorganization, bankruptcy, insolvency, rehabilitation
or receivership of Manager, or any other like statutory or common law
proceedings involving Manager.

         The obligations of Guarantor hereunder shall be absolute and
unconditional irrespective of the validity, legality or enforceability of
Section 12.02 of the Management Agreement, or any other circumstance (other than
payment), which might otherwise constitute a legal or equitable discharge of
Manager, a surety or guarantor, or any defense or set off available to Manager,
it being agreed that the obligations of Guarantor hereunder shall not be
discharged except by payment in full as herein provided. This Guaranty shall not
be impaired by any modification, supplement, extension or amendment of Section
12.02 of the Management Agreement, or by any modification, release, discharge,
or other alteration of Manager's obligations under Section 12.02 of the
Management Agreement, other than by mutual agreement of Owner and Manager.

         Guarantor hereby unconditionally waives with respect to this Guaranty:
(a) notice of acceptance of this Guaranty by Owner; (b) any disability of
Manager or defense available to Manager, including without limitation absence or
cessation of Manager's liability for any reason whatsoever; (c) any defense or
circumstances which might otherwise constitute a legal or equitable discharge of
a Guarantor; and (d) all rights under any state or federal statute dealing with
or affecting the rights of creditors.

         Guarantor hereby represents and agrees that this is a continuing
Guaranty which shall remain in full force and effect until payment in full of
the Security Deposit pursuant to Section 12.02 of the Management Agreement,
including all reasonable expenses which might be incurred by Owner in enforcing
any rights hereunder after default.

         Guarantor will not exercise any rights which it may acquire by way of
subrogation by virtue of any payment made hereunder until the Security Deposit
under Section 12.02 of the Management Agreement has been paid in full.

         Guarantor will upon demand pay to Owner the amount of any reasonable
expenses, including the fees and expenses of its counsel, which Owner may incur
in connection with the enforcement of this Guaranty after default or the failure
by Guarantor to perform or observe any of the provisions hereof.

         Guarantor hereby waives (a) notice of acceptance of this Guaranty; (b)
presentment and demand for payment of the Security Deposit; (c) protest and
notice of dishonor or default to the Guarantor or to any other party with
respect to the Security Deposit; (d) all other notice to which the Guarantor
might otherwise be entitled; and (e) any demand for payment under this Guaranty.

         No delay on the party of the Owner in exercising any rights hereunder
or failure to exercise the same shall operate as a waiver of such rights; no
notice to or demand on the Guarantor shall be deemed to be a waiver of the
obligation of the Guarantor hereunder or of the right of the Owner to take
further action without notice or demand as provided herein; nor in any event
shall any modification or waiver of the provisions of this Guaranty be effective
unless in writing nor shall any such waiver be applicable except in the specific
instance for which given.

         This Guaranty shall be binding upon the Guarantor's legal
representatives, successors and assigns; contains the entire agreement of
guaranty and no other oral or written agreement exists, and no rescission,
waiver, release, modification or amendment of any provision of this Guaranty
shall be valid unless the same shall be in writing and signed by a duly
authorized officer of the Owner; and is a valid and subsisting legal instrument
and no provision which may be deemed unenforceable shall in any way invalidate
any other provision or provisions, all of which shall remain in full force and
effect.

         All notices, requests, demands, directions and other communications
which may or are required to be given, served or sent by either the Guarantor or
Owner to the other under this Guaranty shall be in writing and shall be sent in
accordance with Section 15.2 of the Management Agreement.

         IN WITNESS WHEREOF, the Guarantor has duly executed this Guaranty
effective as of the 1st day of January, 2001.

                                           PRIME HOSPITALITY CORP.

                                           By:
                                                 -------------------------------
                                                 Richard Szymanski, V.P.

<PAGE>

                                  Attachment 1

AmeriSuites Hotel
2980 Highway 150
Hoover, Alabama 35244

AmeriSuites Hotel
6901 Arvada North East
Albuquerque, New Mexico 87110

AmeriSuites Hotel
2455 South Beulah Boulevard
Flagstaff, Arizona 86001

AmeriSuites Hotel
940 International Drive
Linthicum Heights, Maryland 21090

AmeriSuites Hotel
12001 Chase Plaza Drive
Forest Park, Ohio 45240

AmeriSuites Hotel
4811 West Main Street
Tampa, Florida 33607

<PAGE>

                                    GUARANTY

         KNOW ALL MEN BY THESE PRESENTS, That in consideration of ONE AND MORE
DOLLARS ($1.00 and more), and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the undersigned (hereinafter
called the "Guarantor"), hereby unconditionally, absolutely, and irrevocably
guarantees the full and prompt payment by CALDWELL HOLDING CORP. of the security
deposit (the "Security Deposit") provided for in Section 12.02 of that certain
Management Agreement (the "Management Agreement") dated January 1, 2002, by and
between ENN LEASING COMPANY, INC. ("Owner"), and CALDWELL HOLDING CORP.
("Manager") relating the to property described on Attachment 1 hereto. This
Guaranty is the Guaranty referred to in the above referred to Section 12.02 of
the Management Agreement. It is the intention of the Guarantor that this
Guaranty shall be a guaranty of payment and not of collection. Guarantor hereby
agrees to pay the Obligation in full without requiring Owner to first resort to
the Manager or to any other guaranty or collateral which Manager may hold.

         This Guaranty shall continue to be effective or be reinstated, as the
case may be, if at any time after payment the Security Deposit shall be
rescinded or must otherwise be returned by the Owner to the Manager, the
Guarantor, or any other party, for whatever reason, including, but not limited
to, the insolvency, bankruptcy or reorganization of the Manager, the Guarantor,
or any other party, all as though such payment had not been made.

         Guarantor specifically agrees that this Guaranty may be enforced
directly against Guarantor in the event of the voluntary or involuntary
dissolution, liquidation, reorganization, bankruptcy, insolvency, rehabilitation
or receivership of Manager, or any other like statutory or common law
proceedings involving Manager.

         The obligations of Guarantor hereunder shall be absolute and
unconditional irrespective of the validity, legality or enforceability of
Section 12.02 of the Management Agreement, or any other circumstance (other than
payment), which might otherwise constitute a legal or equitable discharge of
Manager, a surety or guarantor, or any defense or set off available to Manager,
it being agreed that the obligations of Guarantor hereunder shall not be
discharged except by payment in full as herein provided. This Guaranty shall not
be impaired by any modification, supplement, extension or amendment of Section
12.02 of the Management Agreement, or by any modification, release, discharge,
or other alteration of Manager's obligations under Section 12.02 of the
Management Agreement, other than by mutual agreement of Owner and Manager.

         Guarantor hereby unconditionally waives with respect to this Guaranty:
(a) notice of acceptance of this Guaranty by Owner; (b) any disability of
Manager or defense available to Manager, including without limitation absence or
cessation of Manager's liability for any reason whatsoever; (c) any defense or
circumstances which might otherwise constitute a legal or equitable discharge of
a Guarantor; and (d) all rights under any state or federal statute dealing with
or affecting the rights of creditors.

         Guarantor hereby represents and agrees that this is a continuing
Guaranty which shall remain in full force and effect until payment in full of
the Security Deposit pursuant to Section 12.02 of the Management Agreement,
including all reasonable expenses which might be incurred by Owner in enforcing
any rights hereunder after default.

         Guarantor will not exercise any rights which it may acquire by way of
subrogation by virtue of any payment made hereunder until the Security Deposit
under Section 12.02 of the Management Agreement has been paid in full.

         Guarantor will upon demand pay to Owner the amount of any reasonable
expenses, including the fees and expenses of its counsel, which Owner may incur
in connection with the enforcement of this Guaranty after default or the failure
by Guarantor to perform or observe any of the provisions hereof.

         Guarantor hereby waives (a) notice of acceptance of this Guaranty; (b)
presentment and demand for payment of the Security Deposit; (c) protest and
notice of dishonor or default to the Guarantor or to any other party with
respect to the Security Deposit; (d) all other notice to which the Guarantor
might otherwise be entitled; and (e) any demand for payment under this Guaranty.

         No delay on the party of the Owner in exercising any rights hereunder
or failure to exercise the same shall operate as a waiver of such rights; no
notice to or demand on the Guarantor shall be deemed to be a waiver of the
obligation of the Guarantor hereunder or of the right of the Owner to take
further action without notice or demand as provided herein; nor in any event
shall any modification or waiver of the provisions of this Guaranty be effective
unless in writing nor shall any such waiver be applicable except in the specific
instance for which given.

         This Guaranty shall be binding upon the Guarantor's legal
representatives, successors and assigns; contains the entire agreement of
guaranty and no other oral or written agreement exists, and no rescission,
waiver, release, modification or amendment of any provision of this Guaranty
shall be valid unless the same shall be in writing and signed by a duly
authorized officer of the Owner; and is a valid and subsisting legal instrument
and no provision which may be deemed unenforceable shall in any way invalidate
any other provision or provisions, all of which shall remain in full force and
effect.

         All notices, requests, demands, directions and other communications
which may or are required to be given, served or sent by either the Guarantor or
Owner to the other under this Guaranty shall be in writing and shall be sent in
accordance with Section 15.2 of the Management Agreement.

         IN WITNESS WHEREOF, the Guarantor has duly executed this Guaranty
effective as of the 1st day of January, 2001.

                                           PRIME HOSPITALITY CORP.

                                           By:
                                                 -------------------------------
                                                 Richard Szymanski, V.P.

<PAGE>

                                  Attachment 1

AmeriSuites Hotel
(Cincinnati/Blue Ash)
11435 Reed Hartman Highway
Blue Ash, Ohio 45241

AmeriSuites Hotel
6080 Bluebonnet Boulevard
Baton Rouge, Louisiana 70809

AmeriSuites Hotel
4520 Paradise Road
Las Vegas, Nevada 89109-7111

AmeriSuites Hotel
(Miami/Kendall)
11520 S.W. 88th Street
Miami, Florida 33176

AmeriSuites Hotel
(Minneapolis/Mall of America)
7800 International Drive
Bloomington, Minnesota 55425-1508

AmeriSuites Hotel
(Nashville/Cool Springs)
650 Bakers Bridge Avenue
Franklin, Tennessee 37067

AmeriSuites Hotel
(Jacksonville/Baymeadows)
8277 Western Way Circle
Jacksonville, Florida 32256

AmeriSuites Hotel
(Miami Airport)
3655 NW 82nd Avenue
 Miami, Florida 33166

<PAGE>

                                    EXHIBIT N

                            LINEN INVENTORY STANDARDS

        As required by the franchisor pursuant to the Franchise Agreement

<PAGE>

                                    EXHIBIT O

                    SIGNIFICANT SUPPLIES INVENTORY STANDARDS

Iron/Ironing Boards
         Standard:                 As required by the franchisor pursuant to the
                                   Franchise Agreement

Coffee Makers
         Standard:                 As required by the franchisor pursuant to the
                                   Franchise Agreement

Kitchen Supplies:
         Standard:                 As required by the franchisor pursuant to the
                                   Franchise Agreement

Other Operational Supplies:
         Standard:                 As required by the franchisor pursuant to the
                                   Franchise Agreement or, if a franchisor
                                   minimum requirement does not exist, at levels
                                   consistent with Prime's past practicesEXHIBIT 10.2

                   LOAN AFFIRMATION AND MODIFICATION AGREEMENT

                  THIS LOAN AFFIRMATION AND MODIFICATION AGREEMENT
     (this "Agreement") is made and entered into as of the 9th day of January,
     2002 (the "Execution Date"), and effective as of December 31, 2001 (the
     "Effective Date"), by and among EQI FINANCING PARTNERSHIP II, L.P., a
     Tennessee limited partnership ("EQI II"), EQI/WV FINANCING PARTNERSHIP,
     L.P., a Tennessee limited partnership ("EQI/WV"; together with EQI II, "EQI
     II Borrower"), EQI FINANCING PARTNERSHIP V, L.P., a Tennessee limited
     partnership ("EQI V Borrower"; together with the EQI II Borrower, the
     "Borrower"), ENN LEASING COMPANY II, L.L.C., a Delaware limited liability
     company ("EQI II New Tenant"), ENN LEASING COMPANY V, L.L.C., a Delaware
     limited liability company ("EQI V New Tenant"; together with EQI II New
     Tenant, "New Tenant"), EQUITY INNS PARTNERSHIP, L.P., a Tennessee limited
     partnership ("EIP"), EQUITY INNS, INC., a Tennessee corporation ("EII";
     together with EIP, the "EQI II Guarantors"), and EQUITY INNS TRUST, a
     Maryland real estate investment trust ("EIT"; together with EII and EIP,
     the "EQI V Guarantors" or the "Guarantor"), NORWEST BANK MINNESOTA,
     NATIONAL ASSOCIATION, as trustee for the registered holders of GMAC
     Commercial Mortgage Securities, Inc., Mortgage Pass-Through Certificates,
     Series 1999-C3, LASALLE BANK NATIONAL ASSOCIATION, as trustee for the
     registered holders of GMAC Commercial Mortgage Securities, Inc., Mortgage
     Pass-Through Certificates, Series 2000-C1, and LASALLE BANK NATIONAL
     ASSOCIATION, as trustee for the registered holders of GMAC Commercial
     Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series
     2000-C3 (collectively, the "Lender").

     Recitals

         A. GMAC Commercial Mortgage Corporation, a California corporation
     ("Original Lender"), pursuant to the EQI II Loan Documents (as hereinafter
     defined) made a loan to EQI II Borrower in the original principal amount of
     $97,020,000.00 (the "EQI II Loan"). The EQI II Loan is evidenced by two (2)
     separate Promissory Notes, in the maximum aggregate amount equal to the EQI
     II Loan, each dated as of June 16, 1999 (collectively, as amended, the "EQI
     II Note") and is secured, inter alia, by the mortgages or deeds of trust
     referenced on Schedule 1-A attached hereto (collectively, as amended, the
     "EQI II Mortgages"), each executed by EQI II Borrower for the benefit of
     the Original Lender, each dated as of June 16, 1999 and recorded in the
     appropriate real property records for the nineteen (19) separate hotel
     properties (individually, an "EQI II Property", and collectively, the "EQI
     II Properties") referenced on Schedule 1-A, (ii) nineteen (19) separate
     assignment of leases, rents and profits (collectively, as amended, the "EQI
     II Assignments"), one for each of the nineteen (19) separate Properties,
     and (iii) a certain Lockbox Account Agreement (as amended, the "EQI II
     Lockbox Agreement") dated as of June 16, 1999 among EQI II Borrower,
     Original Lender and PNC Bank, N.A. The EQI II Loan is governed, inter alia,
     by a Loan Agreement dated as of June 16, 1999 between EQI II Borrower and
     Original

                                        1

<PAGE>

     Lender (as amended, the "EQI II Loan Agreement"). The EQI II Loan is also
     governed, secured and guaranteed pursuant to those other security
     agreements, contracts, assignments, indemnification agreements, guarantees,
     and other documents and instruments executed by EQI II Borrower or for the
     benefit of Lender and delivered in connection with the Loan, as further
     described and defined in the EQI II Loan Agreement and the EQI II Mortgage
     (collectively, the EQI II Note, the EQI II Mortgages, the EQI II
     Assignments, the EQI II Lockbox Agreement, the EQI II Loan Agreement, the
     EQI II First Loan Modification Agreement (as defined herein) and such other
     agreements, contracts, assignments, indemnification agreements, guarantees
     and other instruments being hereinafter referred to as the "EQI II Loan
     Documents"). Pursuant to that certain Loan Modification and Affirmation
     Agreement dated effective as of January 1, 2001 (the "EQI II First Loan
     Modification"), the other EQI II Loan Documents were modified as more
     specifically described therein in connection with a restructure of the
     operating leases (the "EQI II First Leasing Restructure") relating to the
     EQI II Unaffected Properties (as defined herein).

         B. Original Lender, pursuant to the EQI V Loan Documents (as
     hereinafter defined) made a loan to EQI V Borrower in the original
     principal amount of $36,000,000.00 (the "EQI V Loan"; together with the EQI
     II Loan, the "Loan"). The EQI V Loan is evidenced by a Promissory Note in
     the maximum aggregate amount equal to the EQI V Loan, dated as of October
     20, 2000 (as amended, the "EQI V Note"; together with the EQI II Note, the
     "Note") and is secured, inter alia, by the mortgages or deeds of trust
     referenced on Schedule 1-B attached hereto (collectively, as amended, the
     "EQI V Mortgages"; together with the EQI II Mortgages, the "Mortgages"),
     each executed by EQI V Borrower for the benefit of the Original Lender,
     each dated as of October 20, 2000 and recorded in the appropriate real
     property records for the eight (8) separate hotel properties (individually,
     an "EQI V Property", and collectively, the "EQI V Properties"; together
     with the EQI II Properties, the "Properties") referenced on Schedule 1-B,
     (ii) eight (8) separate assignment of leases, rents and profits
     (collectively, as amended, the "EQI V Assignments"; together with the EQI
     II Assignments, the "Assignments"), one for each of the eight (8) separate
     Properties, and (iii) a certain Cash Management Account Agreement (as
     amended, the "EQI V Lockbox Agreement"; together with the EQI II Loan
     Agreement, the "Lockbox Agreement") dated as of October 20, 2000 among EQI
     V Borrower, Original Lender and National Bank of Commerce. The EQI V Loan
     is governed, inter alia, by a Loan Agreement dated as of October 20, 2000
     between EQI V Borrower and Original Lender (as amended, the "EQI V Loan
     Agreement"; together with the EQI II Loan Agreement, the "Loan Agreement").
     The EQI V Loan is also governed, secured and guaranteed pursuant to those
     other security agreements, contracts, assignments, indemnification
     agreements, guarantees, and other documents and instruments executed by EQI
     V Borrower or for the benefit of Lender and delivered in connection with
     the Loan, as further described and defined in the EQI V Loan Agreement and
     the EQI V Mortgage (collectively, the EQI V Note, the EQI V Mortgages, the
     EQI V Assignments, the EQI V Lockbox Agreement, the EQI V Loan Agreement,
     the EQI V First Loan Modification (as defined herein), and such other
     agreements, contracts, assignments, indemnification agreements, guarantees
     and other instruments being hereinafter referred to as the "EQI V Loan
     Documents"; together with the EQI II Loan Documents, the "Loan Documents").
     Pursuant to that certain consent and waiver letter agreement dated

                                        2

<PAGE>

     December 29, 2000 (the "EQI V First Loan Modification"), EQI V and EQI V
     New Tenant, and Lender made certain agreements as more specifically
     described therein in connection with a restructure of the operating leases
     (the "EQI V First Leasing Restructure") relating to certain of the EQI V
     Unaffected Properties (as defined herein).

         C. Pursuant to the EQI II Loan Documents, EQI II Borrower has granted
     Original Lender a security interest in the operating leases for the EQI II
     Properties (the "EQI II Existing Operating Leases"), including, without
     limitation, that certain Consolidated, Amended and Restated Lease Agreement
     dated as of June 16, 1999 (the "EQI II Affected Operating Lease") for the
     operation of the five (5) EQI II Properties identified on Schedule 1-C
     attached hereto (the "EQI II Affected Properties"). Pursuant to the EQI V
     Loan Documents, EQI V Borrower has granted Original Lender a security
     interest in the operating leases for the EQI V Properties (the "EQI V
     Existing Operating Leases"; together with the EQI II Existing Operating
     Leases, the "Existing Operating Leases"), including, without limitation,
     that certain Consolidated Lease Agreement dated as of __________ (the "EQI
     V Affected Operating Lease"; together with the EQI II Affected Operating
     Lease the "Affected Operating Lease") for the operation of six (6) of the
     EQI V Properties identified on Schedule 1-C attached hereto (the "EQI V
     Affected Properties"; together with the EQI II Affected Properties, the
     "Affected Properties").

         D.   Original Lender has assigned, sold and transferred its interest in
     the Loan and all Loan Documents to Lender.  Lender is the current holder of
     all or a portion of the Note and of Original Lender's interest in the Loan
     and Loan Documents.

         E. EQI II Borrower continues to be the owner of the EQI II Properties
     and improvements thereon described in and encumbered by the EQI II
     Mortgages and other EQI II Loan Documents. EQI V Borrower continues to be
     the owner of the EQI V Properties and improvements thereon described in and
     encumbered by the EQI V Mortgages and other EQI V Loan Documents.

         F. In order to receive the benefit of certain changes in federal tax
     law relating to "taxable REIT subsidiaries," EQI II Borrower has requested
     that it be allowed (i) to terminate the EQI II Affected Operating Lease and
     enter into a new lease (the "EQI II New Operating Lease") with EQI II New
     Tenant, for the EQI II Affected Properties, and which EQI II New Operating
     Lease shall be in the form attached hereto as Exhibit A-1; and (ii) to
     enter into the new property management agreements (the "EQI II New
     Management Agreements") in the forms attached hereto as Exhibit B-1 for the
     EQI II Affected Properties and (iii) to enter into certain other related
     transactions as described in that lease restructuring transaction summary
     ("Transaction Summary") attached hereto as Schedule 2 and made a part
     hereof. (These transactions and the other transactions described in the
     Transaction Summary which relate to the EQI II Affected Properties are
     hereinafter collectively referred to as the "EQI II Lease Restructuring").
     Similarly, EQI V Borrower has requested that it be allowed (i) to terminate
     the EQI V Affected Operating Lease and enter into a new lease (the "EQI V
     New Operating Leases"; together with the EQI II New Operating Leases, the
     "New Operating Leases") with EQI V New Tenant for the EQI V Affected
     Properties, which EQI V New Operating Lease

                                        3

<PAGE>

     shall be in the form attached hereto as Exhibit A-2; and (ii) to enter into
     the new property management agreements (the "EQI V New Management
     Agreements"; together with the EQI II New Management Agreements, the "New
     Management Agreements") in the forms attached hereto as Exhibit B-2 for the
     EQI V Affected Properties and (iii) to enter into certain other related
     transactions as described in the Transaction Summary. (These transactions
     and the other transactions described in the Transaction Summary which
     relate to the EQI V Affected Properties are hereinafter collectively
     referred to as the "EQI V Lease Restructuring"; together with the EQI II
     Lease Restructuring, the "Lease Restructuring"). The Lease Restructuring
     will leave in place and will not amend or modify in any way any Existing
     Operating Leases that are not also Affected Operating Leases (the
     "Unaffected Operating Leases").

         F. Lender is willing to consent to the Lease Restructuring, subject to
     the Mortgages and the other Loan Documents, and subject to the affirmation
     by Borrower of the Loan and the affirmation of the Guarantor (as
     hereinafter defined) of its obligations under the Environmental Agreement
     and the Guaranty (as each such term is hereinafter defined), on and subject
     to the terms and conditions set forth in this Agreement, the Mortgage and
     the other Loan Documents.

         G. Borrower, Guarantor and Lender, by their respective execution
     hereof, evidence their consent to the modification and affirmation of the
     Loan Documents as hereinafter set forth, and Lender, by its execution
     hereof, consents to the Lease Restructuring as and to the extent set forth
     herein.

                             Statement of Agreement

         In consideration of the mutual covenants and agreements set forth
     herein, the parties hereto hereby agree as follows:

         1.     Definitions.  All capitalized terms not expressly defined herein
     shall have the meanings set forth in the Mortgage, or if not therein
     defined, in the Loan Agreement.

                                        4

<PAGE>

         2.       Representations, Warranties, and Covenants of Borrower.

                  (a) (1) Borrower hereby represents, warrants and covenants to
     Lender that: (i) the Lease Restructuring, and all organizational
     formalities in connection therewith (including compliance with applicable
     laws, statutes and controlling authority), will have been completed on or
     prior to the Effective Date; (ii) the two Promissory Notes constituting the
     EQI II Note have an unpaid principal balance of $3,735,482.48 and
     $90,643,816.24, respectively, as of September 27, 2001, and that the EQI V
     Note has a unpaid principal balance of $35,658,620.17 as of September 27,
     2001; (iii) the Mortgages are a valid first lien on the Properties, and on
     Borrower's interests in the Existing Operating Leases, for the full unpaid
     principal amount of the Loan and all other amounts as stated therein; (iv)
     to the knowledge of Borrower, there are no defaults by Borrower under the
     provisions of the Existing Operating Leases, the Note, the Mortgages or the
     other Loan Documents; (v) there are no defenses, set-offs or rights of
     defense, set-off or counterclaim, whether legal, equitable or otherwise, to
     the obligations evidenced by or set forth in the Existing Operating Leases,
     the Note, the Mortgages or the other Loan Documents; (vi) all provisions of
     the Note, Mortgages and the other Loan Documents are in full force and
     effect, except as modified herein; (vii) except as disclosed in the title
     policies issued in connection with the initial closings of the EQI II Loan
     and the EQI V Loan, there are no material liens or material encumbrances of
     any kind covering or relating to the Properties nor are there any material
     mechanics' liens or material liens for unpaid taxes or assessments
     encumbering the Properties, nor has notice of a material lien or notice of
     intent to file a material lien been received; (viii) nothing in the Lease
     Restructuring will affect or impact in any way the Properties which are not
     Affected Properties (the "Unaffected Properties") or the Unaffected
     Operating Leases, which remain in full force and effect; (ix) prior to the
     date hereof, the Affected Properties had no separate property management
     agreements associated therewith, but rather, the property management
     functions were addressed in the Affected Operating Leases; (x) the EQI II
     Mortgages remain cross-defaulted and all of the EQI II Properties
     cross-collateralize each other as collateral for the EQI II Loan, and the
     EQI V Mortgages remain cross-defaulted and all of the EQI V Properties
     cross-collateralize each other as collateral for the EQI V Loan; and (xi)
     the Lease Restructuring shall be completed in accordance with all
     applicable law, including federal tax law applicable to New Tenant as a
     "taxable REIT subsidiary" and the requirements that each property manager
     under the New Management Agreements be an "eligible independent contractor"
     of the New Tenant.

                           (2)      Borrower further represents and warrants as
     follows:

                                    (A)  New Tenant is an Affiliate of Borrower.

                                    (B)  New Tenant is a Taxable REIT Subsidiary
     within the meaning of Section 856(1) of the Code (as defined in the EQI V
     Loan Agreement).

                                    (C)  Rent and other sums due and payable
     under the New Operating Lease shall qualify under Section 856(d)(8) of the
     Code.

                                        5

<PAGE>

                                    (D)  The New Operating Lease contains
     substantially the same terms as are contained in the operating lease
     attached to the EQI V Loan Agreement as Exhibit B thereof. The initial term
     of the EQI II New Operating Lease shall expire no earlier than the Optional
     Prepayment Date (as defined in the EQI II Note), and the initial term of
     the EQI V New Operating Lease shall expire no earlier than the Anticipated
     Payment Date (as defined in the EQI V Loan Agreement).

                                    (E)  The Lease Estoppel (as defined herein)
     contains substantially the same terms as are contained in the subordination
     agreement attached to the EQI V Loan Agreement as Exhibit D thereof, except
     that New Tenant has waived certain of its non-disturbance rights.

                                    (F)  Manager meets the requirements for an
     "eligible independent contractor" within the meaning of Section 856(d)(9)
     of the Code.

                          (G)  The New Management Agreements, as modified by the
     Manager's Consent (as defined herein), with respect to Lender's rights and
     obligations in and to the New Management Agreement, provide that (x) the
     fees payable under the New Management Agreement are subordinate to the Loan
     Agreement and to the Mortgages, (ii) the applicable Manager is not an
     Affiliate of Borrower, (iii) neither Lender nor any purchaser at
     foreclosure or party which accepts a deed in lieu of foreclosure shall have
     any obligation regarding the payment of such fees, and (iv) such fees shall
     not be a Lien on the applicable Individual Property, and (y) if there is a
     continuing Event of Default or if the Anticipated Payment Date, with
     respect to the EQI V Loan, or the Optional Prepayment Date, with respect to
     the EQI II Loan, has occurred and the Loan has not been repaid, or, if any
     time during the term of the Loan, Manager shall become insolvent or a
     debtor in any bankruptcy or insolvency proceeding, the Management
     Agreements may be terminated by Lender without penalty or fee. The initial
     term of the EQI II New Management Agreements shall expire no earlier than
     the date of the expiration of the initial term under the EQI II Affected
     Operating Lease, and the initial term of the EQI V New Management
     Agreements shall expire no earlier than the date of the expiration of the
     initial term under the EQI V Affected Operating Lease.

                    (H)     The New Franchise Agreements (as defined herein) are
     in substantially the same form as the franchise agreement forms attached to
     the EQI V Loan Agreement as Exhibit C thereof, and the initial term of the
     New Franchise Agreements and of the related Reservation System Agreements
     shall expire no earlier than the Optional Prepayment Date, in the case of
     those New Franchise Agreements relating to the EQI II Properties, and no
     earlier than the Anticipated Payment Date, in the case of those New
     Franchise Agreements relating to the EQI V Properties.

                 (3)      Borrower hereby ratifies, affirms and acknowledges the
     following covenants and agreements: (i) to pay when and as due all sums due
     under the Note and the other Loan Documents, each as modified hereby; (ii)
     to perform and discharge all obligations imposed under the Mortgages and
     all other Loan Documents, at the time, in the

                                        6

<PAGE>

     manner and otherwise in all respects as therein provided, each as modified
     hereby; (iii) after termination of the Affected Operating Leases and
     entering into the New Operating Leases in substitution therefor, to enforce
     and administer such New Operating Leases in accordance with the
     requirements of the Loan Documents; (iv) upon termination of the existing
     property management agreements and entering into the New Management
     Agreements in substitution therefor, to enforce and administer the same in
     accordance with the requirements of the Loan Documents; (v) to request an
     extension to the term of each New Management Agreement on a month-to-month
     basis in accordance with the terms of such management agreements if at the
     expiration of the term of such agreement no replacement management
     agreement meeting the requirements of this Agreement has been entered into;
     (vi) to confirm and ensure that the New Tenant is and remains a
     wholly-owned direct or indirect subsidiary of EIP through repayment in full
     of the Loan; (vii) it will use its best efforts to confirm and ensure that
     all receivables, profits and revenues payable by the prior property
     managers to the lessees under the Affected Operating Leases are delivered
     and pro-rated as of the Effective Date, with all subsequent receivables and
     revenues attributable to time periods thereafter being paid to New Tenant
     under the New Operating Leases; (viii) to confirm and ensure that rentals
     and other payments under the Unaffected Operating Leases will continue to
     be paid in accordance with the Lockbox Agreement and that all rentals and
     other sums payable under the New Operating Leases will also be paid in
     accordance with the Lockbox Agreement; and (ix) to confirm and ensure that
     neither Borrower nor, by its acknowledgment of this Agreement, New Tenant
     shall challenge the validity or enforceability of the New Operating Leases,
     and if the validity or enforceability of either such lease is challenged by
     another party or is for any reason declared void, invalid or unenforceable,
     Borrower and New Tenant shall promptly enter into a replacement lease,
     reasonably acceptable to Lender, with such modifications as are necessary
     to render such lease valid and enforceable, which replacement lease shall
     be and remain subject to the lien of the Mortgages and the other Loan
     Documents.

                (4) Borrower shall not hereafter, without Lender's prior consent
     in accordance with the terms of the Loan Documents, encumber the Properties
     or sell or transfer any of the Properties or any interest therein, or sell
     or transfer any interest in Borrower or any party holding an interest in
     Borrower, except as may be specifically permitted in the Loan Documents.
     Borrower shall not hereinafter, without Lender's prior consent in
     accordance with the terms of the Loan Documents, modify, terminate,
     replace, supplement or renew the New Operating Leases or the New Management
     Agreements, except as may be specifically permitted in the Loan Documents,
     as modified hereby.

                  (b) Borrower understands and intends that Lender shall rely on
     the representations, warranties and covenants contained herein.

                                        7

<PAGE>

         3.       Representations, Warranties and Covenants of Guarantor.

                  (a) Guarantor hereby represents and warrants to Lender that:
     (i) to the knowledge of Guarantor, there are no defaults by Guarantor under
     the provisions of (x) that certain Guaranty of Recourse Obligations dated
     June 16, 1999 by the EQI II Guarantors in favor of Lender (as amended, the
     "EQI II Guaranty") or that certain Joinder dated as of October 20, 2001 by
     the EQI V Guarantors, which Joinder is attached to the EQI V Loan Agreement
     (as amended, the "EQI V Guaranty"; together with the EQI II Guaranty, the
     "Guaranty"), or (y) that certain Environmental Indemnity Agreement dated
     June 16, 1999 by the EQI II Guarantors in favor of Lender (as amended, the
     "EQI II Environmental Agreement") or that certain Hazardous Materials
     Agreement dated as of October 20, 2000 by the EQI V Guarantor (as amended,
     the "EQI V Environmental Agreement"; together with the EQI II Environmental
     Agreement, the "Environmental Agreement") or the other Loan Documents; (ii)
     there are no defenses, setups or rights of defense, setoff or counterclaim,
     whether legal, equitable or otherwise, to the obligations evidenced by or
     set forth in the Guaranty, Environmental Agreement or the other Loan
     Documents; and (iii) all provisions of the Guaranty, Environmental
     Agreement and other Loan Documents are in full force and effect, except as
     modified herein. Guarantor hereby ratifies, affirms and covenants to
     perform and discharge all obligations imposed under the Guaranty, the
     Environmental Agreement and all other Loan Documents, at the time, in the
     manner and otherwise in all respects as therein provided.

                  (b)   Guarantor understands and intends that Lender shall rely
     on the representations, warranties and covenants contained herein.

         4.      Modification of Loan Documents.  Borrower, Guarantor and Lender
     hereby acknowledge and agree that the Mortgage, Loan Agreement and other
     Loan Documents shall be modified as follows:

                  (a) New Operating Leases. References in any of the Loan
     Documents to an "Operating Lease" or an "operating lease" shall refer to
     (i) the appropriate New Operating Lease for each Affected Property, as
     reflected on Schedule 1-C, and (ii) the Unaffected Operating Leases.

                  (b)  New Management Agreements.  References in any of the Loan
     Documents to a "Management Agreement" or a "management agreement" with
     respect to any Affected Property shall refer, respectively, to the
     corresponding New Management Agreement.

                  (c)     Notices.  The addresses for the various notice parties
     set forth in the Loan Documents shall be modified as follows:

                                        8

<PAGE>

         If to EQI II Borrower:           EQI Financing Partnership II, L.P.
                                          EQI/WV Financing Partnership, L.P.
                                          c/o Equity Inns, Inc.
                                          7700 Wolf River Boulevard
                                          Germantown, Tennessee 38138
                                          Attention: Howard A. Silver, President
                                          Telecopy: (901) 754-2374

         with a copy to:                  Hunton & Williams
                                          Riverfront Plaza, East Tower
                                          951 East Byrd Street
                                          Richmond, Virginia 23219-4074
                                          Attn: David C. Wright, Esquire
                                          Telecopy: (804) 788-8218

                                       and

                                          Hunton & Williams
                                          2000 Riverview Tower
                                          900 South Gay Street
                                          P.O. Box 951
                                          Knoxville, Tennessee 37901-0951
                                          Attention: John G. Brock
                                          Telecopy: (865) 549-7704

         If to EQI V Borrower:            EQI Financing Partnership V, L.P.
                                          7700 Wolf River Boulevard
                                          Germantown, Tennessee 38138
                                          Attention: President
                                          Telecopy: (901) 754-2374

         with a copy to:                  Hunton & Williams
                                          Riverfront Plaza, East Tower
                                          951 East Byrd Street
                                          Richmond, Virginia 23219-4074
                                          Attn: David C. Wright, Esquire
                                          Telecopy: (804) 788-8218

                                       and

                                        9

<PAGE>

                                          Hunton & Williams
                                          2000 Riverview Tower
                                          900 South Gay Street
                                          P.O. Box 951
                                          Knoxville, Tennessee 37901-0951
                                          Attention: John G. Brock
                                          Telecopy: (865) 549-7704

         If to Lender:                    Norwest Bank Minnesota, National
                                          Association, as trustee
                                          1000 Broken Land Parkway
                                          Columbia, Maryland 21044-3562
                                          Attention: Corporate Trust Services
                                                     (CMBS)- GMAC
                                          Commercial Mortgage Securities, Inc.,
                                          Mortgage
                                          Pass-Through Certificates,
                                          Series 1999 -C3

                                       and

                                          LaSalle Bank National Association, as
                                          trustee
                                          135 South LaSalle Street, Suite 1625
                                          Chicago, Illinois 60603
                                          Attention: Asset Backed Securities
                                                     Trust Services
                                          Group - GMAC Commercial Mortgage
                                          Securities, Inc., Series 2000-C1

                                       and

                                          LaSalle Bank National Association,
                                          as trustee
                                          135 South LaSalle Street, Suite 1625
                                          Chicago, Illinois 60603
                                          Attention: Asset Backed Securities
                                                     Trust Services
                                          Group - GMAC Commercial Mortgage
                                          Securities, Inc., Series 2000-C3

         With a copy to:                  GMAC Commercial Mortgage Corporation
                                          200 Witmer Road
                                          Horsham, Pennsylvania 19044
                                          Attn: Servicing - Executive Vice
                                                President

         With a copy to:                  Katten Muchin Zavis
                                          1025 Thomas Jefferson Street, N.W.
                                          7th Floor East Lobby
                                          Washington, DC 20007
                                          Attention: Christopher J. Hart, Esq.
                                          Telecopy: (202) 298-7570

                                       10

<PAGE>

         If to EQI II New Tenant:         ENN Leasing Company II, L.L.C.
                                          c/o Equity Inns, Inc.
                                          7700 Wolf River Boulevard
                                          Germantown, Tennessee 38138
                                          Attn: Howard A. Silver
                                          Telecopy: (901) 754-2374

         with a copy to:                  Hunton & Williams
                                          Riverfront Plaza, East Tower
                                          951 East Byrd Street
                                          Richmond, Virginia 23219-4074
                                          Attn: David C. Wright, Esquire
                                          Telecopy: (804) 788-8218

                                       and

                                          Hunton & Williams
                                          2000 Riverview Tower
                                          900 South Gay Street
                                          P.O. Box 951
                                          Knoxville, Tennessee 37901-0951
                                          Attention: John G. Brock
                                          Telecopy: (865) 549-7704

         If to EQI V New Tenant:          ENN Leasing Company V, L.L.C.
                                          c/o Equity Inns, Inc.
                                          7700 Wolf River Boulevard
                                          Germantown, Tennessee 38138
                                          Attn: Howard A. Silver
                                          Telecopy: (901) 754-2374

         with a copy to:                  Hunton & Williams
                                          Riverfront Plaza, East Tower
                                          951 East Byrd Street
                                          Richmond, Virginia 23219-4074
                                          Attn: David C. Wright, Esquire
                                          Telecopy: (804) 788-8218

                                       and

                                       11

<PAGE>

                                          Hunton & Williams
                                          2000 Riverview Tower
                                          900 South Gay Street
                                          P.O. Box 951
                                          Knoxville, Tennessee 37901-0951
                                          Attention: John G. Brock
                                          Telecopy: (865) 549-7704

                  (d) New Franchise Agreements. In all of the Loan Documents
     which pertain to an Affected Property, references to a "Franchise
     Agreement" or a "franchise agreement" with respect to any Affected Property
     shall refer, respectively, to the corresponding New Franchise Agreement.

                  (e)      Loan Documents.  In all of the Loan Documents which
     pertain to an Affected Property, references to a "Loan Document" shall be
     deemed to include (i) this Agreement and (ii) the Management Agreement
     Guaranty (as herein defined).

         5. Affirmation of Obligations. Borrower and Guarantor hereby affirm the
     present and continuing existence and validity of their respective
     obligations set forth in the Note, Guarantor, Environmental Agreement and
     the other Loan Documents, in accordance with their respective terms and
     conditions, as the same may be modified by this Agreement. Borrower and
     Guarantor further agree to abide by and be bound by all of the terms of the
     Loan Documents, including but not limited to, the representations,
     warranties, covenants, assurances and indemnifications therein. Borrower
     and Guarantor hereby acknowledge, agree and warrant that all rights,
     priorities, titles, liens and equities securing the payment of the Note are
     expressly recognized as valid and are in all respects renewed, continued
     and preserved in force to secure payment of the Note, except as amended
     herein.

         6. Affirmation of Confession Judgment Provisions in EQI II Loan
     Documents. Upon the occurrence of an Event of Default (as defined in the
     EQI II Mortgage), EQI II Borrower hereby authorizes and empowers any
     attorney or attorneys or the Prothonotary or Clerks of any Court in the
     Commonwealth of Pennsylvania, or elsewhere, to appear for EQI II Borrower
     in any such Court in an appropriate action there or elsewhere brought or to
     be brought against EQI II Borrower at the suit of Lender on the EQI II
     Note, with or without suit or declaration filed, as of any term or time
     there or elsewhere to be held, and therein to CONFESS OR ENTER JUDGMENT
     against EQI II Borrower for an amount equal to the obligations due
     thereunder, under the EQI II Loan Agreement and under the other EQI II Loan
     Documents (with or without acceleration of maturity), including all costs
     and attorneys' fees. EQI II Borrower expressly authorizes the entry of
     repeated judgments under this paragraph notwithstanding any prior entry of
     judgment in the same or any other court for the same obligation or part
     thereof.

                  EQI II BORROWER ACKNOWLEDGES THAT IT WAS REPRESENTED
     BY COUNSEL IN CONNECTION WITH THE EXECUTION OF THE NOTE AND THIS
     AGREEMENT AND THAT IT UNDERSTANDS THIS PROVISION FOR CONFESSION

                                       12

<PAGE>

     OF JUDGMENT.  EQI II BORROWER REPRESENTS TO LENDER THAT GERALD R.
     BEST, ESQ. AND JOHN BROCK, ESQ. OF THE LAW FIRM HUNTON & WILLIAMS
     HAS EXPLAINED THE PROVISIONS OF THIS CONFESSION OF JUDGMENT TO EQI
     II BORROWER.  TO THE EXTENT PERMITTED BY APPLICABLE LAW, EQI II
     BORROWER WAIVES ANY RIGHT TO NOTICE OR A HEARING WHICH IT MIGHT
     OTHERWISE HAVE BEFORE ENTRY OF JUDGMENT.

         7.       Conditions.  This Agreement shall be of no force and effect
     until each of the following conditions has been met, no later than
     September 31, 2001, to the reasonable satisfaction of Lender:

                  (a) Fees and Expenses. Borrower shall pay, or cause to be
     paid, all reasonable out-of-pocket costs and expenses incurred by GMAC
     Commercial Mortgage Corporation ("GMACCM") in its capacity as master
     servicer and servicer to Lender, in connection with the review, analysis,
     consideration, preparation, execution and consummation of the transaction
     contemplated hereby, including, but not limited to, internal review and
     processing fees, fees and expenses of the applicable rating agencies and
     their counsel, title insurance premiums, and reasonable fees and expenses
     of legal counsel to GMACCM.

                  (b) Lease and Loan Documents. Borrower shall execute and
     deliver to Lender, in triplicate, such complete documents and agreements,
     including all schedules and exhibits, as Lender may reasonably require to
     effectuate the Lease Restructuring, including without limitation,
     fully-executed counterparts of the New Operating Lease, New Management
     Agreements, the Consolidated Lease Estoppel, Subordination and Attornment
     Agreement attached hereto as Exhibit C (the "Lease Estoppel"), the
     Manager's Consent and Subordination Agreements attached hereto as Exhibit D
     (the "Manager's Consent"), the comfort letters from the hotel franchisors
     attached hereto as Exhibit E, and the new franchise/license agreements
     referenced in such comfort letters, attached hereto as Exhibit F (the "New
     Franchise Agreements", the Guaranty of Manager's Obligations under the
     Management Agreement attached hereto as Exhibit G (the "Management
     Agreement Guaranty"), and the Lockbox Agreement notice letters attached
     hereto as Exhibit H.

                  (c) Opinions of Counsel. Borrower shall cause counsel for
     Borrower to deliver to Lender such counsel's opinions to the effect, among
     other things, that: (i) Borrower is validly organized and is in good
     standing under the laws of the state of formation, and has the full power
     and authority to execute and deliver this Agreement and the other Loan
     Documents, as amended hereby, on behalf of Borrower, Guarantor and New
     Tenant; (ii) Borrower's, Guarantor's and New Tenant's execution, delivery
     and performance hereof have been duly and validly authorized by all
     necessary corporate, partnership, real estate investment trust, or limited
     liability company action, as appropriate; (iii) Borrower, Guarantor and New
     Tenant validly executed and delivered this Agreement pursuant to authority
     duly given; (iv) this Agreement and the Loan Documents, as amended hereby,
     constitute the legal, valid and binding obligations of Borrower, Guarantor
     and New Tenant, as the case may be, enforceable in accordance with their
     terms; (v) such counsel's "non-consolidation opinion," in form and content
     acceptable to Lender, with respect to the transactions contemplated

                                       13

<PAGE>

     hereby; and (vi) such counsel's additional opinion regarding the "single
     member with springing member" provisions of the New Tenant's organizational
     documents.

                  (d)      Rating Agency Confirmation.  Borrower shall have
     caused all rating agencies which have issued ratings in connection with the
     securitization of the Loan to issue a "no-downgrade" opinion.

                  (e) Organizational Documents. Borrower shall have delivered,
     in triplicate, certified copies of the limited liability company
     agreements, good standing certificates, certificates of existence and
     authority to transact business and other appropriate charter documents of
     the New Tenant, its sole member and its potential "springing member,"
     together with resolutions and other appropriate authorizations confirming
     the authority to enter into all documents necessary to consummate the Lease
     Restructuring as well as a certificate from the appropriate entity or
     person stating that such documents have not been amended, modified, or
     terminated in any way since the First EQI II Lease Restructuring or the
     First EQI V Lease Restructuring, as applicable.

                  If any of the above conditions have not been met by September
     31, 2001, the Lender consent set forth herein shall be automatically
     revoked and canceled as if such consent had never been given, without any
     further action or notification of any kind from Lender.

         8. Consent to Transaction. Subject to the terms and conditions set
     forth in this Agreement, Lender consents to the Lease Restructuring, to the
     New Management Agreements, and to the New Franchise Agreements. Lender's
     consent to the Lease Restructuring shall not constitute its consent to any
     subsequent transactions of a similar nature, including any terminations and
     replacements of the New Operating Leases or the Unaffected Operating
     Leases, any changes to the management of any of the Properties and any
     changes in the franchisors, licensors or franchise/license agreements for
     any of the Properties. Borrower acknowledges and agrees that Lender's
     consent herein contained is expressly limited to the Lease Restructuring,
     and that such consent shall not waive or render unnecessary Lender's
     consent or approval of any other transaction currently prohibited by the
     provisions of the Loan Documents, as modified hereby.

         9.       Additional Representations, Warranties and Covenants.  As a
     condition of this Agreement, Borrower, New Tenant and Guarantor, represent,
     warrant and covenant to Lender as follows:

                  (a) Neither the entry into nor the performance of and
     compliance with this Agreement or any of the Loan Documents has resulted or
     will result in any material violation of, or a conflict with or a default
     under, any judgment, decree, order, mortgage, indenture, contract, ground
     lease, agreement or lease by which Borrower, New Tenant, Guarantor or any
     property owned by any of them, is bound, or any statute, rule, charter
     document or regulation applicable to any of them.

                  (b) Borrower, New Tenant and Guarantor each have full power
     and authority to enter into this Agreement and all documents necessary to
     accomplish the Lease

                                       14

<PAGE>

     Restructuring and to incur and perform the obligations provided for herein
     and therein, all of which have been duly authorized by all necessary
     internal approvals and resolutions of Borrower, New Tenant and Guarantor,
     and no consent or approval of any third party other than those that will
     have been obtained and will be in effect as of the Effective Date is
     required as a condition to the Lease Restructuring or as a condition to the
     validity or enforceability hereof or thereof. This Agreement has been duly
     executed and delivered by Borrower, New Tenant and Guarantor and this
     Agreement constitutes, and each of the documents executed in connection
     with the Lease Restructuring after due execution and delivery thereof shall
     constitute, the legal and valid obligation of Borrower, New Tenant and
     Guarantor, fully enforceable against such parties in accordance with their
     respective terms, subject to bankruptcy, fraudulent conveyance, insolvency,
     reorganization, moratorium and other laws affecting the rights of creditors
     generally and the application of general principals of equity.

                  (c) There is no action, proceeding or investigation pending or
     threatened which questions, directly or indirectly, the validity or
     enforceability of this Agreement or any of the other Loan Documents, or any
     action taken or to the knowledge of Borrower, New Tenant and Guarantor to
     be taken pursuant hereto or thereto, or to the knowledge of Borrower, New
     Tenant and Guarantor which might result in any material adverse change in
     the condition (financial or otherwise) or business of Borrower, New Tenant
     or Guarantor.

                  (d) Without limiting the generality of the acknowledgment of
     the existence and validity of the Loan Documents by the Borrower and
     Guarantor and the affirmation of the Loan Documents by the Borrower and
     Guarantor, Borrower and Guarantor hereby specifically remake and reaffirm
     the representations, warranties and covenants set forth in the Loan
     Documents.

                  (e) To the best knowledge of Borrower, Guarantor and New
     Tenant, after due investigation and inquiry, the Transaction Summary fairly
     and completely describes all transactions contemplated to be taken in
     connection therewith (other than actions or steps which individually and in
     the aggregate could not adversely affect repayment of any portion of the
     Loan or Lender's lien position as to any of the New Operating Leases or any
     of the Properties), and no representation or warranty made in this
     Agreement or the documents attached hereto or delivered in connection
     herewith contains any untrue statement of material fact or omits to state a
     material fact necessary in order to make such representations and
     warranties not misleading in light of the circumstances under which they
     are made.

                  (f) Upon the Effective Date, the New Operating Leases shall be
     the valid, binding and enforceable obligations of Borrower and New Tenant,
     and shall be and remain subject to the existing first liens and security
     interests of Lender pursuant to the Mortgages and the other Loan Documents
     on a basis that is subordinate and inferior to such liens and security
     interests held by Lender.

                  (g)     Upon the Effective Date, the New Management Agreements
     shall be the valid, binding and enforceable obligations of Borrower and/or
     New Tenant thereunder,

                                       15

<PAGE>

     and shall remain subject to the existing first liens and security interests
     of Lender pursuant to the Mortgages and other Loan Documents on a basis
     that is subordinate and inferior to such liens and surety interests held by
     Lender, except to the extent set forth in the Manager Consent and
     Subordination Agreements attached hereto.

                  (h) To the best knowledge of Borrower, Guarantor and New
     Tenant, after due investigation and inquiry, there is no default, event of
     default or event with which the giving of notice or the passage of time
     could become a default or event of default under the Unaffected Operating
     Leases or under any other material agreement relating in any way to the
     Properties, which in each case, could reasonably be expected to have a
     material adverse effect on the repayment of the Loan or on Lender's lien
     and security interests in the property described in the Mortgages.

         10. Incorporation of Recitals.  Each of the Recitals set forth above in
     this Agreement are incorporated herein and made a part hereof.

         11. Property Remains as Security for Lender. All of the real and
     personal property described in the Mortgages shall remain in all respects
     subject to the lien, charge or encumbrance of the Mortgages, and, except as
     expressly set forth herein, nothing herein contained and nothing done
     pursuant hereto shall affect or be construed to release or affect the
     liability of any party or parties who may now or hereafter be liable under
     or on account of the Note, the Mortgages or any of the other Loan
     Documents, nor shall anything herein contained or done in pursuance hereof
     affect or be construed to affect any other security for the Note, if any,
     held by Lender.

         12.      No Waiver by Lender.  Nothing contained herein shall be deemed
     a waiver of any of Lender's rights or remedies under the Note or any of the
     other Loan Documents.

         13.     References.  All references in any of the Loan Documents to any
     of the other Loan Documents will be deemed to be references to such of the
     Loan Documents as modified by this Agreement.

         14. Relationship with Loan Documents. To the extent that this Agreement
     is inconsistent with any of the Loan Documents, this Agreement will control
     and such Loan Document will be deemed to be amended hereby. Except as
     amended hereby, the Loan Document shall remain unchanged and in full force
     and effect.

         15.      Captions.  The headings to the Sections of this Agreement have
     been inserted for convenience of reference only and shall in no way modify
     or restrict any provisions hereof or be used to construe any such
     provisions.

         16. Partial Invalidity. If any provision of this Agreement is held to
     be illegal, invalid or unenforceable under present or future laws, such
     provision shall be fully severable, and this Agreement shall be construed
     and enforced as if such illegal, invalid or unenforceable provision had
     never comprised a part of this Agreement.

                                       16

<PAGE>

         17.   Entire Agreement. This Agreement constitutes the entire agreement
     among the parties hereto and shall not be amended unless such amendment is
     in writing and executed by each of the parties.  The Agreement supersedes
     all prior negotiations regarding the subject matter hereof.

         18. Binding Effect. This Agreement shall be binding upon and inure to
     the benefit of the parties hereto and their respective successors and
     assigns; provided, however, that the foregoing provisions of this Section
     shall not be deemed to be a consent by Lender to any sale, conveyance,
     assignment or transfer of the Property or any interest therein, or any
     sale, conveyance, assignment or transfer of any interest in Borrower or any
     party holding an interest in Borrower, except to the extent permitted under
     the Loan Documents.

         19.   Multiple Counterparts. This Agreement may be executed in multiple
     counterparts, each of which will be an original, but all of which, taken
     together, will constitute one and the same Agreement.

         20. Governing Law. This Agreement shall be governed by and construed in
     accordance with the laws of the Commonwealth of Pennsylvania, provided,
     however, to the extent that this Agreement relates to matters concerning
     the EQI V Loan, this Agreement shall be governed by the laws of the State
     of New York.

         21.      Effective Date.  This Agreement shall be effective as of the
     Effective Date and thereupon shall be incorporated into the terms of the
     Loan Documents.

                                       17

<PAGE>

      List of Schedules and Exhibits Attached Hereto and Made a Part Hereof

Schedule 1-A:   List of EQI II Properties
Schedule 1-B:   List of EQI V Properties
Schedule 1-C:   List of Affected Properties, subject to the New Operating Leases
Schedule 2:     Transaction Summary
Exhibit A-1:    Consolidated Lease Agreement for EQI II
Exhibit A-2:    Consolidated Lease Agreement for EQI V
Exhibit B-1:    EQI II New Management Agreements
Exhibit B-2:    EQI V New Management Agreements
Exhibit C:      Consolidated Lease Estoppel, Subordination and Attornment
                Agreement
Exhibit D:      Manager's Consent and Subordination
Exhibit E:      Comfort Letters
Exhibit F:      New Franchise Agreements
Exhibit G:      Guaranty of Manager's Obligations under Management Agreement
Exhibit H:      Direction Letters relating to Lockbox Agreement

                    [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
                     [SIGNATURES APPEAR ON FOLLOWING PAGES]

                                       18

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Agreement to be
     effective as of the date first aforesaid.

                                           BORROWER:

                                           EQI FINANCING PARTNERSHIP II, L.P., a
                                           Tennessee limited partnership

                                           By:   EQI Financing Corporation II,
                                                 its general partner

                                                 By:  /s/ Howard Silver
                                                      -------------------------
                                                 Name:  Howard Silver
                                                 Title:  President

     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of EQI Financing Corporation II, a
     Tennessee corporation, as general partner of EQI Financing Partnership II,
     L.P., a Tennessee limited partnership, who acknowledged that he/she
     executed the foregoing instrument for and on behalf of said corporation,
     that the same was his/her own free act and deed, individually and as such
     officer, and the free act and deed of the corporation on behalf of said
     limited partnership.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                           Notary Public

     My commission expires:   12/1/02.
                              --------

<PAGE>

                                           BORROWER:

                                           EQI FINANCING PARTNERSHIP V, L.P., a
                                           Tennessee limited partnership

                                           By:   EQI Financing Corporation V,
                                                 its general partner

                                                 By:  /s/ Howard Silver
                                                      -------------------------
                                                 Name:  Howard Silver
                                                 Title:  President

     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of EQI Financing Corporation V, a
     Tennessee corporation, as general partner of EQI Financing Partnership V,
     L.P., a Tennessee limited partnership, who acknowledged that he/she
     executed the foregoing instrument for and on behalf of said corporation,
     that the same was his/her own free act and deed, individually and as such
     officer, and the free act and deed of the corporation on behalf of said
     limited partnership.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                           Notary Public

     My commission expires:    12/1/02.
                               --------

<PAGE>

                                           BORROWER:

                                           EQI/WV FINANCING PARTNERSHIP II,
                                           L.P.,
                                           a Tennessee limited partnership

                                           By:   EQI Financing Corporation II,
                                                 its general partner

                                                 By:  /s/ Howard Silver
                                                      -------------------------
                                                 Name:  Howard Silver
                                                 Title:  President
     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of EQI Financing Corporation II, a
     Tennessee corporation, as general partner of EQI/WV Financing Partnership
     II, L.P., a Tennessee limited partnership, who acknowledged that he/she
     executed the foregoing instrument for and on behalf of said corporation,
     that the same was his/her own free act and deed, individually and as such
     officer, and the free act and deed of the corporation on behalf of said
     limited partnership.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                           Notary Public

     My commission expires:   12/1/02.
                              --------

<PAGE>

                                           GUARANTOR:

                                           EQUITY INNS PARTNERSHIP, L.P., a
                                           Tennessee limited partnership

                                           By:   Equity Inns Trust, a Maryland
                                                 real estate investment trust,
                                                 its sole general partner

                                                 By:  /s/ Howard Silver
                                                      -------------------------
                                                 Name:  Howard Silver
                                                 Title:  President
     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of Equity Inns Trust, a Maryland real
     estate investment trust, the general partner of Equity Inns Partnership,
     L.P., a Tennessee limited partnership, who acknowledged that he/she
     executed the foregoing instrument for and on behalf of said real estate
     investment trust, that the same was his/her own free act and deed,
     individually and as such officer, and the free act and deed of the real
     estate investment trust on behalf of said limited partnership.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                           Notary Public

     My commission expires:    12/1/02.
                               --------

<PAGE>

                                           GUARANTOR:

                                           EQUITY INNS, INC., a Tennessee
                                           corporation

                                           By:  /s/ Howard Silver
                                                -------------------------------
                                           Name:  Howard Silver
                                           Title:  President
     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of Equity Inns, Inc., a Tennessee
     corporation, who acknowledged that he/she executed the foregoing instrument
     for and on behalf of said corporation, that the same was his/her own free
     act and deed, individually and as such officer, and the free act and deed
     of the corporation.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                                     Notary Public

     My commission expires:    12/1/02.
                               --------

<PAGE>

                                           GUARANTOR:

                                           EQUITY INNS TRUST, a Maryland real
                                           estate investment trust

                                           By:  /s/ Howard Silver
                                                -------------------------------
                                           Name:  Howard Silver
                                           Title:  President

     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of Equity Inns Trust, a Maryland real
     estate investment trust, who acknowledged that he/she executed the
     foregoing instrument for and on behalf of said corporation, that the same
     was his/her own free act and deed, individually and as such officer, and
     the free act and deed of the corporation.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                                     Notary Public

     My commission expires:    12/1/02.
                               --------

<PAGE>

                                           LENDER:

                                           NORWEST BANK MINNESOTA, NATIONAL
                                           ASSOCIATION, as trustee for the
                                           registered holders of GMAC Commercial
                                           Mortgage Securities, Inc., Mortgage
                                           Pass-Through Certificates, Series
                                           1999-C3

                                           By:   GMAC COMMERCIAL MORTGAGE
                                                 CORPORATION, a California
                                                 corporation, as Master Servicer
                                                 and Special Servicer

                                                 By:  /s/ Gary A. Routzahn
                                                      -------------------------
                                                 Name:  Gary A. Routzahn
                                                 Title:  Vice President
     State of Pennsylvania                  )
                                    ) SS.
     County of Montgomery                   )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Gary A. Routzahn, the Vice President of GMAC COMMERCIAL MORTGAGE
     CORPORATION, a California corporation, the Master Servicer and Special
     Servicer on behalf of NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, as
     trustee for the registered holders of GMAC Commercial Mortgage Securities,
     Inc., Mortgage Pass- Through Certificates, Series 1999-C3, who acknowledged
     that he/she executed the foregoing instrument for and on behalf of said
     entity, that the same was his/her own free act and deed, individually and
     as such officer, and the free act and deed of the corporation.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 11 day
     of October, 2001.

                                           /s/ Barbara Visco
                                           ------------------------------------
                                           Notary Public

     My commission expires:   Nov. 15, 2003.
                              --------------

<PAGE>

                                           LENDER:

                                           LASALLE BANK NATIONAL ASSOCIATION,
                                           as trustee for the registered holders
                                           of GMAC Commercial Mortgage
                                           Securities, Inc., Mortgage
                                           Pass-Through Certificates, Series
                                           2000-C1

                                           By:   GMAC COMMERCIAL MORTGAGE
                                                 CORPORATION, a California
                                                 corporation, as Master Servicer
                                                 and Special Servicer

                                                 By:  /s/ Gary A. Routzahn
                                                      -------------------------
                                                 Name:  Gary A. Routzahn
                                                 Title:  Vice President

     State of Pennsylvania                  )
                                    ) SS.
     County of Montgomery                   )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Gary A. Routzahn, the Vice President of GMAC COMMERCIAL MORTGAGE
     CORPORATION, a California corporation, the Master Servicer and Special
     Servicer on behalf of LASALLE BANK NATIONAL ASSOCIATION, as trustee for the
     registered holders of GMAC Commercial Mortgage Securities, Inc., Mortgage
     Pass-Through Certificates, Series 2000-C1, who acknowledged that he/she
     executed the foregoing instrument for and on behalf of said entity, that
     the same was his/her own free act and deed, individually and as such
     officer, and the free act and deed of the corporation.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 11 day
     of October, 2001.

                                           /s/ Barbara Visco
                                           ------------------------------------
                                           Notary Public

<PAGE>

                                           LENDER:

                                           LASALLE BANK NATIONAL ASSOCIATION,
                                           as trustee for the registered holders
                                           of GMAC Commercial Mortgage
                                           Securities, Inc., Mortgage
                                           Pass-Through Certificates, Series
                                           2000-C3

                                           By:   GMAC COMMERCIAL MORTGAGE
                                                 CORPORATION, a California
                                                 corporation, as Master Servicer
                                                 and Special Servicer

                                                 By:  /s/ Gary A. Routzahn
                                                      -------------------------
                                                 Name:  Gary A. Routzahn
                                                 Title:  Vice President

     State of Pennsylvania                  )
                                    ) SS.
     County of Montgomery                   )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Gary A. Routzahn, the Vice President of GMAC COMMERCIAL MORTGAGE
     CORPORATION, a California corporation, the Master Servicer and Special
     Servicer on behalf of LASALLE BANK NATIONAL ASSOCIATION, as trustee for the
     registered holders of GMAC Commercial Mortgage Securities, Inc., Mortgage
     Pass-Through Certificates, Series 2000-C3, who acknowledged that he/she
     executed the foregoing instrument for and on behalf of said entity, that
     the same was his/her own free act and deed, individually and as such
     officer, and the free act and deed of the corporation.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 11 day
     of October, 2001.

                                           /s/ Barbara Visco
                                           ------------------------------------
                                           Notary Public

<PAGE>

                                           NEW TENANT:

                                           ENN LEASING COMPANY II, L.L.C., a
                                           Delaware limited liability company

                                           By:  /s/ Howard Silver
                                                -------------------------------
                                           Name:  Howard Silver
                                           Title:  President

     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of ENN LEASING COMPANY II, L.L.C., a
     Delaware limited liability company, who acknowledged that he/she executed
     the foregoing instrument for and on behalf of said company, that the same
     was his/her own free act and deed, individually and as such officer, and
     the free act and deed of the company.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                           Notary Public

     My commission expires:    12/1/02.
                               --------

<PAGE>

                                           NEW TENANT:

                                           ENN LEASING COMPANY V, L.L.C., a
                                           Delaware limited liability company

                                           By:  /s/ Howard Silver
                                                -------------------------------
                                           Name:  Howard Silver
                                           Title:  President

     State of Tennessee             )
                           ) SS.
     County of Shelby               )

         BEFORE ME, a Notary Public in and for said State and County personally
     appeared Howard Silver, the President of ENN LEASING COMPANY V, L.L.C., a
     Delaware limited liability company, who acknowledged that he/she executed
     the foregoing instrument for and on behalf of said company, that the same
     was his/her own free act and deed, individually and as such officer, and
     the free act and deed of the company.

         IN TESTIMONY WHEREOF, I have hereunder set my hand and seal this 15 day
     of October, 2001.

                                           /s/ Teresa Shaw
                                           ------------------------------------
                                           Notary Public

     My commission expires:    12/1/02.
                               --------

<PAGE>

                                  SCHEDULE 1-A

                                EQI II PROPERTIES

<TABLE>
<CAPTION>

             Security Instrument                                         Properties
             -------------------                                         ----------
<S> <C>                                                <C>  <C>
1.  Mortgage, Assignment of Leases and Rents,           1.  AmeriSuites hotel located at 9104 Keystone
    Security Agreement and Fixture Filing                   Crossing, Indianapolis, IN 46240
2.  Mortgage, Assignment of Leases and Rents,           2.  AmeriSuites hotel located at 6801 West 112th
    Security Agreement and Fixture Filing                   Street, Overland Park, KS 66211
3.  Open-End Mortgage, Assignment of Leases and         3.  AmeriSuites hotel located at 7490 Vantage
    Rents, Security Agreement and Fixture Filing            Drive, Columbus, OH 43235
4.  Deed of Trust, Assignment of Leases and Rents,      4.  AmeriSuites hotel located at 7905 Giacosa Place,
    Security Agreement and Fixture Filing                   Memphis, TN 38133
5.  Credit Line Deed of Trust, Assignment of Leases     5.  AmeriSuites hotel located at 4100 Cox, Glen
    and Rents, Security Agreement and Fixture Filing        Allen, VA 23060
6.  Mortgage, Assignment of Leases and Rents,           6.  Hampton Inn hotel located at 10591 Metcalf
    Security Agreement and Fixture Filing                   Frontage Road, Overland Park, KS 66212
7.  Deed of Trust, Assignment of Leases and Rents,      7.  Hampton Inn hotel located at 11212 North
    Security Agreement and Fixture Filing                   Newark Circle, Kansas City, MO 64153
8.  Deed of Trust, Assignment of Leases and Rents,      8.  Hampton Inn hotel located at 5320 Poplar
    Security Agreement and Fixture Filing                   Avenue, Memphis, TN 38119
9.  Deed of Trust, Assignment of Leases and Rents,      9.  Hampton Inn hotel located at 1577 Gateway
    Security Agreement and Fixture Filing                   Boulevard, Richardson, TX 75080
10. Credit Line Deed of Trust, Assignment of Leases     10. Hampton Inn hotel located at 1053 Van Voorhis
    and Rents, Security Agreement and Fixture Filing        Road, Morgantown, WV 26505
11. Leasehold Deed of Trust, Assignment of Leases       11. Homewood Suites hotel located at 2001 East
    and Rents, Security Agreement and Fixture Filing        Highland Avenue, Phoenix, AZ 85026
12. Open-End Mortgage, Assignment of Leases and         12. Homewood Suites hotel located at 2670 E.
    Rents, Security Agreement and Fixture Filing            Kemper Road, Sharonville, OH 45241
13. Deed of Trust, Assignment of Leases and Rents,      13. Homewood Suites hotel located at 4323
    Security Agreement and Fixture Filing                   Spectrum One, San Antonio, TX 78230
14. Deed of Trust, Assignment of Leases and Rents,      14. Residence Inn hotel located at 6477 E. Speedway
    Security Agreement and Fixture Filing                   Blvd., Tucson, AZ 85710
15. Mortgage, Assignment of Leases and Rents,           15. Residence Inn hotel located at 3040 Eagandale
    Security Agreement and Fixture Filing                   Road, Eagan, MN 55121
16. Leasehold Mortgage, Assignment of Leases and        16. Residence Inn hotel located at 90 Park Road,
    Rents, Security Agreement and Fixture Filing            Tinton Falls, NJ 07724
17. Deed of Trust, Assignment of Leases and Rents,      17. Residence Inn hotel located at 1710 NE
    Security Agreement and Fixture Filing                   Multnomah Street, Portland, OR 97232
18. Mortgage, Assignment of Leases and Rents,           18. Hampton Inn hotel located at 20600 Haggerty
    Security Agreement and Fixture Filing                   Road, Northville, MI 48167
19. Mortgage, Assignment of Leases and Rents,           19. Residence Inn hotel located at 4225 Route 1,
    Security Agreement and Fixture Filing                   Princeton, NJ 08543
</TABLE>

<PAGE>

                                  SCHEDULE 1-B

                                EQI V PROPERTIES
<TABLE>
<CAPTION>

             Security Instrument                                           Properties
             -------------------                                           ----------
<S> <C>                                               <C>  <C>
1.  Mortgage, Assignment of Leases and Rents,           1.  AmeriSuites hotel located at 6901 Arvada North
    Security Agreement and Fixture Filing                   East, Albuquerque, NM 87110
2.  Mortgage, Assignment of Leases and Rents,           2.  AmeriSuites hotel located at 2980 Highway 150,
    Security Agreement and Fixture Filing                   Hoover, AL
3.  Deed of Trust, Assignment of Leases and Rents,      3.  AmeriSuites hotel located at 940 Linthicum
    Security Agreement and Fixture Filing                   Heights, MD 21090
4.  Deed of Trust, Assignment of Leases and Rents,      4.  AmeriSuites hotel located at 2455 South Beulah
    Security Agreement and Fixture Filing                   Boulevard, Flagstaff, AZ 86001
5.  Mortgage, Assignment of Leases and Rents,           5.  AmeriSuites hotel located at 12001 Chase Plaza
    Security Agreement and Fixture Filing                   Drive, Forest Park, OH
6.  Mortgage, Assignment of Leases and Rents,           6.  AmeriSuites hotel located at 4811 West Main
    Security Agreement and Fixture Filing                   Street, Tampa Airport/WestShore, FL
7.  Deed of Trust, Assignment of Leases and Rents,      7.  Homewood Suites located at 7855 Wolf River
    Security Agreement and Fixture Filing                   Boulevard, Germantown, TN
8.  Mortgage, Assignment of Leases and Rents,           8.  Residence Inn by Marriott located at 900 Mays
    Security Agreement and Fixture Filing                   Landing Road, Somers Point, NJ
</TABLE>

<PAGE>

                                  SCHEDULE 1-C

                              NEW OPERATING LEASES

                           EQI II Affected Properties

1. AmeriSuites hotel located at 9104 Keystone Crossing, Indianapolis, IN 46240
2. AmeriSuites hotel located at 7490 Vantage Drive, Columbus, OH 43235
3. AmeriSuites hotel located at 7905 Giacosa Place, Memphis, TN 38133
4. AmeriSuites hotel located at 4100 Cox, Glen Allen, VA 23060
5. AmeriSuites hotel located at 6801 West 112th Street, Overland Park, KS 66211

                            EQI V Affected Properties
1. AmeriSuites hotel located at 6901 Arvada North East, Albuquerque, NM 87110
2. AmeriSuites hotel located at 2980 Highway 150, Hoover, AL
3. AmeriSuites hotel located at 940 Linthicum Heights, MD 21090
4. AmeriSuites hotel located at 2455 South Beulah Boulevard, Flagstaff, AZ 86001
5. AmeriSuites hotel located at 12001 Chase Plaza Drive, Forest Park, OH
6. AmeriSuites hotel located at 4811 West Main Street, Tampa Airport/WestShore,
   FL

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}]]