Objection Deadline: January 20, 2011 at 4:00 PM

Brad Eric Scheler, Esq. Bonnie Steingart, Esq. FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP One New York Plaza New York, New York 10004 Telephone: (212) 859-8000 Facsimile: (212) 859-4000 Attorneys for the Independent Committee UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: INNKEEPERS USA TRUST, et al.,1 Debtors. ) ) ) ) ) ) ) ) Chapter 11 Case No. 10-13800 (SCC) Jointly Administered

MONTHLY APPLICATION OF FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP FOR COMPENSATION FOR SERVICES AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS FOR THE INDEPENDENT COMMITTEE FOR THE PERIOD FROM NOVEMBER 1, 2010 THROUGH NOVEMBER 30, 2010

The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtors federal tax identification number can be found by visiting the Debtors restructuring website at www.omnimgt.com/innkeepers or by contacting Omni Management Group, LLC at Innkeepers USA Trust c/o Omni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California 91436. The location of the Debtors corporate headquarters and the service address for their affiliates is: c/o Innkeepers USA, 340 Royal Poinciana Way, Suite 306, Palm Beach, Florida 33480.

SUMMARY Name of Applicant: Fried, Frank, Harris, Shriver & Jacobson LLP (Fried Frank) Independent Committee Order entered on November 10, 2010 retaining Fried, Frank, Harris, Shriver & Jacobson LLP, nunc pro tunc to September 10, 2010 November 1, 2010 through November 30, 2010 $85,206.00

Authorized to Provide Professional Services to: Date of Retention:

Period for which compensation and reimbursement is sought: Amount of Compensation sought as actual and necessary: Amount of Expense Reimbursement sought as actual and necessary:

$3,182.31

This is Fried Franks second monthly application for compensation (the Application) filed pursuant to the Order Authorizing the Establishment of Procedures for Interim Compensation and Reimbursement of Expenses for Professionals and Official Committee Members [Docket No. 189] (the Interim Compensation Order). Fried Frank requests: (a) payment of compensation in the amount of $68,164.80 (80% of $85,206.00 of fees) on account of actual and necessary professional services rendered to the Independent Committee by Fried Frank; and (b) reimbursement of actual and necessary costs and expenses in the amount of $3,182.31 (representing 100% of expenses) incurred by Fried Frank during the period November 1, 2010 through November 30, 2010 (the Fee Period). Contemporaneous time records are attached as Exhibit A. The Fried Frank attorneys and paraprofessionals who rendered services in abovecaptioned chapter 11 cases (the Chapter 11 Cases) during the Fee Period are:
Attorney Brad Eric Scheler Bonnie Steingart Alan Resnick Matthew Roose Carl Stapen Gabriel Libhart Meryl Yang Totals Position with the Applicant Partner Partner Of Counsel Associate Associate Associate Legal Assistant Year Admitted 1981 1986 1989 2006 2008 2010 2010 Department Restructuring Restructuring Restructuring Restructuring Restructuring Restructuring Restructuring Hourly Billing Rate $1,100.00 $925.00 $1,000.00 $550.00 $495.00 $440.00 $190.00 Total Billed Hours 12.40 40.60 1.30 39.10 3.00 21.10 2.30 119.80 Total Compensation $13,640.00 $37,555.00 $1,300.00 $21,505.00 $1,485.00 $9,284.00 $437.00 $85,206.00

Total of Fees Sought in the Application

$85,206.00

Expense Summary Category Messenger Service and Postage Telephone, Teleconferencing Duplicating Meals Travel, Airfare, and Other Transportation Data Research Secretarial Total Total of Expenses Sought in the Application Amount $37.85 $140.52 $157.08 $60.48 $17.20 $2,652.57 $116.61 $3,182.31 $3,182.31

Compensation by Matter
Matter Number 2 4 5 6 7 Totals Matter Description Communications with Independent Committee Hearings and Court Issues Plan Process Communications with Creditors and Interest Holders Retention and Fee Application Issues Total Billed Hours 9.00 13.20 10.80 6.80 80.00 119.8 Total Fees Requested $8,150.00 $8,854.00 $9,677.50 $6,718.00 $51,806.50 $85,206.00

Total Fees for All Matters Total Expenses Total Fees and Expenses Sought in the Application

$85,206.00 $3,182.31 $88,388.31

Notice

Fried Frank has provided notice of this Application to: (a) the Debtors; (b) the Office of the United States Trustee for the Southern District of New York; (c) counsel to the Official Committee of Unsecured Creditors; (d) counsel to Midland Loan Services, Inc.; and (e) counsel to Certain Prepetition Lenders (each as defined in the Interim Compensation Order). In light of the nature of the relief requested, Fried Frank respectfully submits that no further notice is necessary.

WHEREFORE, pursuant to the Interim Compensation Order, Fried Frank requests: (a) payment of compensation in the amount of $68,164.80 (80% of $85,206.00 of fees) on account of actual and necessary professional services rendered to the Independent Committee by Fried Frank; and (b) reimbursement of actual and necessary costs and expenses in the amount of $3,182.31.

New York, New York Dated: December 23, 2010

/s/ Bonnie Steingart Brad Eric Scheler, Esq. Bonnie Steingart, Esq. FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP One New York Plaza New York, New York 10004 Telephone: (212) 859-8000 Facsimile: (212) 859-4000

EXHIBIT A

7944642

Invoice No: 148259

Fried, Frank, Harris, Shriver & Jacobson LLP
One New York Plaza New York, New York 10004-1980 Tel: +1.212.859.8000 Fax: +1.212.859.4000 www.friedfrank.com
Tax ID No. 13-5344867

December 23,2010 Innkeepers USA Trust 340 Royal Poinciana Way Suite 306 Palm Beach, Florida 33480 Attn: Marc Beilinson

For Professional Services Rendered

For the period from November 1, 2010 to November 30,2010 Fees ................................................................................................. . Ancillary Services .......................................................................... . Total ................................................................................................ . $ $ 85,206.00 3,182.31 $88,388.31

For Convenience you may wire your payments to: NA., 666 Filth Avenue, New York NY 10103 ABA No. 021000089 Account No. 02095111
Otiba~

New York Washington DC London Paris Frankfurt Hong Kong Shanghai Fried, Frank, Harris. Shriver & Jacobson LLP is a Delaware Limited Liability Partnership

7946292

Fried, Frank, Harris, Shriver &Jacobson LLP Client: 033322 Independent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00002 Communications with Independent Committee

Page 1

Time Detail
Date Timekeeper Description Hours Amount

11/04110 11117110 11117110 11/23110

Matthew Roose Brad E. Scheler Bonnie Steingart Bonnie Steingart

Tic with IC re: objections to FF motion.

Tlc wl client re: update.

0.50 1.00 1.30 3.10

275.00 1,100.00 1,202.50 2,867.50

Tic wl clients re: updates (1.0); related follow-up (.3).

Telephone with Independent Committee (.5); meeting wl Scheler re: same (.2); telephone call with Debtors (.8); related follow-up (1.6). Call with committee members re: conference with Judge Chapman (.5); conference with Scheler and Steingart re: same (.2).

11123110

Matthew Roose

0.70

385.00

11/24/10 11124110 11126110 11128/10

Brad E. Scheler Bonnie Steingart Matthew Roose Matthew Roose

Tic wl clients (.8); related follow-up (.2).

Telephone call with Ruisi re: update re: same (.8); telephone call with debtors re same (.4). Emails to committee re: meetings and calls. Emails to committee re: call. Total:

1.00 1.20 0.10 0.10 9.00

1,100.00 1,110.00 55.00 55.00 8,150.00

Fried, Frank, Harris, Shriver & Jacobson LLP Client: 033322 Independent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00004 Hearings and Court Issues

Page 1

Time Detail
Date 11/01/10 11/05/10 11/06/10 11/10/10 11/11/10 Timekeeper Gabriel Libhart Gabriel Libhart Gabriel Libhart Matthew Roose Bonnie Steingart Description Summary of LNR complaint against CRES (2.1 ), ole with M. Roose re: same (.2). Draft update to committee re: development in cases. Draft update to committee re: development in cases. Attend hearing (2.8); emails re: same (.2). Attend court hearing on retention and Independent Committee (2.8); review documents (1.2); revise protocol (.2); telephone call with clients re: same (.2). Review correspondence with court etc (.8); telephone call with Debtors (.4). Total: Hours 2.30 1.30 1.00 3.00 4.40 Amount 1,012.00 572.00 440.00 1,650.00 4,070.00

11/19/10

Bonnie Steingart

1.20 13.20

1,110.00 8,854.00

Fried, Frank, Harris, Shriver & Jacobson LLP Client: 033322 Independent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00005 Plan Process

Page 1

Time Detail
Date Timekeeper Description Hours Amount

11/22/10 11/22/10 11/23/10 11/29/10 11/29/10 11/29/10 11/30/10 11/30/10

Bonnie Steingart Matthew Roose Brad E. Scheler Brad E. Scheler Bonnie Steingart Matthew Roose Bonnie Steingart Matthew Roose

Telephone call with court (.3); follow-up w/ Roose and scheler (.3); review documents (.6). Conference call with Judge Chapman (.3); related follow-up with Scheler and Steingart (.3). Follow-up on conference w/ Judge Chapman (.7); calls re: same (1.3).

1.10 0.60 2.00 2.00 1.30 0.60 1.70 1.50

1,017.50 330.00 2,200.00 2,200.00 1,202.50 330.00 1,572.50 825.00 9,677.50

Tic w/ Debtor and Beilenson re: update (1.0); related follow-up (1.0). Telephone calls with Kirkland, Beilenson et al. re: update (1.0); related follow-up (.3). T/cs with K&E and Beilinson re: update (.3); meeting with Scheler and Steingart re: same (.3).
Review materials prepared by Moelis (1.3); telephone calls with various parties (.4). Review plan proposals. Total:

10.80

Fried, Frank, Harris, Shriver &Jacobson LLP Client: 033322 Independent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00006 Communications with Creditors and Interest Holders

Page 1

Time Detail
Date 11/12/10 11/15/10 11/15/10 11/16/10 11/16/10 Timekeeper Bonnie Steingart Brad E. Scheler Gabriel Libhart Brad E. Scheler Bonnie Steingart Description Review correspondence form Preferreds (.9); telephone call with Larry (.4). Attention to issues re: Ad hoc committee. Emails re: Ad Hoc letter. Review Ad Hoc committee letters (.8); ole wl steingart (.4); tic w/ Debtors re: same (.8) Review correspondence from Preferred (.8); discusss responses (.7); telephone call with Debtors (.8). Total: Hours 1.30 1.00 0.20 2.00 2.30 6.80 Amount 1,202.50 1,100.00 88.00 2,200.00 2,127.50 6,718.00

Fried, Frank, Harris, Shriver & Jacobson LLP Client: 0333221ndependent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00007 Retention and Fee Application Issues

Page 1

Time Detail
Date 11/01/10 Timekeeper Bonnie Steingart Description Review suggested revisions to employment application and proposed order (1.0); numerous telephone calls and emails with Kirkland (.5); telephone calls with Ruisi (.6); review documents (1.0); review correspondence by Debtors (1.0). Call with K&E re: Midland's objection to FF retention (.3); conference with Steingart re: same (.2); emails with Ruisi re: same (.2); review K&E proposal re: proposed order (.4); revise same (.3); emails with Steingart re: same (.2). Review issues and requests from Lehman and others (1.5); telephone call with Kirkland (.5); revise proposed order and application (1.0); review issues regarding witnesses and discovery requests (.3); telephone call with Ruisi (.2). Reviewed draft of revisions of proposed order authorizing payment of Fried Frank's fees (.3); tic w/Matt Roose re: same (.2). Hours 4.10 Amount 3,792.50

11/01/10

Matthew Roose

1.60

880.00

11/02/10

Bonnie Steingart

3.50

3,237.50

11/02/10

Alan Resnick

0.50

500.00

11/02/10

Matthew Roose

Tic with Resnick and Steingart re: revising proposed order re: FF retention (.5); revise propose order re: FF retention (.7); emails re: same (.2); tic with K&E re: same (.2); review and revise order (.4).
Emails re: update on status of FF retention (.2); review objection to FF motion (2.1 ); multiple tic and emails with team re: same (.2); prepare draft response (1.3); attention to issues re: Dewey request to disclose bd minutes (.3). Research re: Reply to Fried Frank retention objections (3.5); draft reply (2.5). Prep pre bill. Review proposed order (1.2); telephone call with Kirkland (.6), discuss revisions (.8); telephone call with Larry (.5); review substance of objections with Independent Committee (.5). Conf w/Matt Roose re: objections to motion for Fried Frank's retention and payment to Independent Committee (.1 ); review of objections filed (.3). Review revised proposed order circulated by K&E (.5); emails to Steingart and Resnick re: same (.1); summarize objections to FF retention (1.5); multiple tic with Marc re: retention issues (.4); revise proposed order (1.1); emails with Steingart and Resnick re: same (.2); tic with Resnick re: same (.3); review and revise FF response to objections (2.4).

2.00

1'1 00.00

11/03/10

Matthew Roose

4.10

2,255.00

11/03/10 11/03/10 11/04/10

Gabriel Ubhart Meryl Yang Bonnie Steingart

7.00 0.80 3.60

3,080.00 152.00 3,330.00

11/04/10

Alan Resnick

0.40

400.00

11/04/10

Matthew Roose

6.50

3,575.00

Fried, Frank, Harris, Shriver & Jacobson LLP Client: 0333221ndependent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00007 Retention and Fee Application Issues Date Timekeeper Description Hours

Page 2

Amount

11/04/10 11/05/10 11/05/10

Gabriel Libhart Bonnie Steingart Matthew Roose

Research re: Reply to Fried Frank retention objections (4.0), emails re: same (.4). Review objections (1 .0); telephone call with Kirkland (.4); telephone call with Ruisi (.4). Multiple tic with Carmel re: FF retention and scope (.3); emails with Steingart re: same (.2); review further revised proposed order (.3); emails re: same (.2); tic with Steingart re: same (.3). Telephone call with Roose (.4); review draft reply (1 .0). Review objections to FF retention (1 .5); emails re: summary of same (.4); tic with K&E re: same (.4); tic with Ruisi re: same (.4); related follow-up (.2). Review debtor drafts (1 .0); revise FF response (1 .0); telephone call with Larry (.3). Reviewed reply to objections to Fried Frank's retention and supplemental Rule 2014 statement (.3); tic w/Matt Roose re: comments on same (. 1). Review chart summarizing objections to Fried Frank retention (.7); ole with Steingart re: same (.3); multiple tic and emails with Stapen and Libhart re: same (.5); draft Fried Frank response (2.5); emails with clients re: same (.3); draft talking points for hearing re: same (1.4); review Debtors reply (.8); comments re: same (1 .0); emails re: same (.2). Review objections to FF motion (1 .0); review and revise chart re: same (0.5); review and revise chart re: same (0.6); related follow up (0.4). Review talking point and comment on same (0.3); emails re: filing (0.2). Draft charts (2.5); hearing preparation (.5). Prep notice and affidavit of service. Attention to issues re: FF retention (1 .5); tic w/clients re: same(.5). Review court filings and objections to retention etc (.8); prep replies (1 .2); telephone call with Kirkland (.2).

4.40 1.80 1.30

1,936.00 1,665.00 715.00

11/06/10 11/06/10

Bonnie Steingart Matthew Roose

1.40 2.90

1,295.00 1,595.00

11/08/10 11/08/10

Bonnie Steingart Alan Resnick

2.30 0.40

2,127.50 400.00

11/08/10

Matthew Roose

7.70

4,235.00

11/08/10

Carl Stapen

2.50

1,237.50

11/08/10 11/08/10 11/08/10 11/09/10 11/09/10 11/09/10

Carl Stapen Gabriel Libhart Meryl Yang Brad E. Scheler Bonnie Steingart Matthew Roose

0.50 3.00 0.50 2.00 2.70 5.90

247.50 1,320.00 95.00 2,200.00 2,497.50 3,245.00

Tic with Kirkland re: Debtors' reply (.2); review and

revise Fried Frank reply (1 .8); research professional responsibiliy code re: same (.4); file reply (.3); prepare materials for hearing (3.2).

11/09/10 11/09/10 11/1 0/1 0 11/10/10 11/11/10

Gabriel Libhart Meryl Yang Brad E. Scheler Bonnie Steingart Gabriel Libhart

Attention to issues re: 2014 declaration. File and serve objection and affidavit of service. Prep for hearing (.5); meeting w/ Steingart re: same (.5). Prep for hearing (1 .5); telephone calls with Debtors re: same (.3). Research deadlines and requirements for fee applications (.5) and emails regarding same (.3).

1'10 1.00 1.00 1.80 0.80

484.00 190.00 1,100.00 1,665.00 352.00

Fried, Frank, Harris, Shriver & Jacobson LLP Client: 033322 Independent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00007 Retention and Fee Application Issues Date 11/19/10 11/24/10 Timekeeper Brad E. Scheler Bonnie Steingart Description Attention to issues re: update and court correspondence (1.2); related follow-up (.8). Review materials sent by Debtors (.5). Total: Hours 0.40 0.50 80.00

Page 3

Amount 440.00 462.50 51,806.50