UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK
) In re: ) Chapter 11 ) INNKEEPERS USA TRUST, et al.1 ) Case No. 10-13800 (SCC) ) Debtors. ) Jointly Administered )
NOTICE OF FEE STATEMENT OF MOELIS & COMPANY LLC FOR THE PERIOD FROM OCTOBER 1, 2010 THROUGH OCTOBER 31, 2010
Name of Applicant: Moelis & Company LLC (“Moelis”)
Authorized to provide professional services to: Debtors and Debtors-in-Possession
Effective date of retention: Nunc pro tunc to July 19, 2010
Period for which compensation October 1, 2010 through October 31, 2010 and reimbursement are sought:
Amount of compensation sought as actual, reasonable, and necessary: $150,000.00
Amount of expense reimbursement sought as actual, reasonable and necessary: $13,187.49
This is a(n): Monthly Application
This is Moelis & Company LLC’s (“Moelis”) third monthly application for compensation
and reimbursement of expenses (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, dated August 12, 2010 (the “Interim
1 The list of Debtors in these Chapter 11 Cases along with the last four digits of each Debtor’s 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.
NY\1711048.1
Compensation Order”). By this Application, Moelis requests: (a) payment of compensation in
the amount of $120,000.00 (which is 80% of $150,000.00 of fees on account of actual and
necessary professional services rendered to the above-captioned debtors (collectively, the
“Debtors”) by Moelis); and (b) reimbursement of actual and necessary costs and expenses in the
amount of $13,187.49, incurred by Moelis during the period from October 1, 2010 through and including October 31, 2010 (the “Compensation Period”).
Summary detail of the hours recorded by Moelis professionals during the Compensation
Period, as well as an itemized list of reimbursable expenses incurred during the Compensation
Period, are annexed hereto as Exhibit A.
Notice of this Application will be provided 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.; (e) counsel to
Certain Prepetition Lenders (each as defined in the Interim Compensation Order). In light of the
nature of the relief requested, Moelis respectfully submits that no further notice is necessary.
Dated: December 1, 2010 New York, New York
By: /s/ William Derrough William Derrough Managing Director, Moelis & Company LLC
2 NY\1711048.1
EXHIBIT A
Innkeepers Summary of Hours
W. Dt"rrough A. Rubin S. MooN
Analy!<>t
(ktoMr
10/1 0.5 0.5 1.5 10.5 4.5 24.5 10/2 1.0 1.0 2.0 10.0 11.5 27.5 10/1 0.0 5.5 11.5 10/4 1.5 1.5 .1.5 10.5 l-1-.5 11.5 10/5 2.0 1.0 -1-.5 5.0 12.5 13.0 -Ul.O 10/6 -1-.1) 0.0 7.0 15.5 14.0 46.5 10/7 .1.0 1.(1 7.0 11.3 12.5 .17.0 10/K 1.0 1.(1 7.0 1.1.5 ltd 19.0 10/9 1.0 1.0 9.0 7.5 lH.S 10/10 0.5 1.0 1.3 H.O Y.O 22.0 10/11 0.5 2.0 13.5 11.5 11.5 10/12 0.0 6.5 10.5 lo.o 11.5 52.5 10/13 0.5 1.0 1.5 10.0 11.0 28.0 10/14 1.0 1.5 1.3 -1-.5 10.0 IH.5 10/15 0.5 0.3 0.5 6.5 10.0 lKO 10/16 1.0 1.0 1.0 7.0 7.5 17.5 10/17 2.5 1.5 2.5 Y.O 8.5 2-tO 10/1K 2.0 6.0 7.0 8.5 11.3 35.0 10(19 h.5 1.0 h.5 6.0 H.S n5 -1-2.0 Hl/20 5.0 .1.5 1.0 11.5 13.0 .1KO 10/21 5.0 5.0 K.O lUI Y.5 1K5 10/22 1.0 1.0 5.5 14.0 7.5 29.0 10/21 2.5 6.0 H.S 10/24 2.0 2.0 1.5 15.0 11.0 11.5 10/25 5.5 h.5 4.0 11.5 12.0 41.5 10/26 2.5 2.3 -1-.5 12.0 1-1-.5 .16.0 10(27 0.5 0.5 1.0 1.(1 H.5 9.0 20.5 I0/2K 1.0 1.0 1.5 12.0 10.5 .12.0 10(29 1.5 12.5 9.0 25.0 10(10 0.5 0.5 0.5 H.O 1.(1 10.5 10/]1 -1-.5 5.0 9.5 Septt"ntbt"r Total 58.0 4.0 66.5 109.0 319.5 328.5 885.5 Innkeepers Summary of Hours
:Category Hours Board Meetings I Calls 40.0 Cdse Administration 43.5 Discussions with Constituents 56.0 Disrussions with Counsel I Mdrulgement 130.5 Discussions with Five Mile I Third Parties 19.5 Firuncidl Analysis I Modeling I Internal Materials 262.0 General I Other 78.0 General Materials I Presentation Preparation 203.0 Internal Meetings I Calls 53.0 TOTAL 885.5 Innkeepers Timekeeping
Total Hours: 58.0 hour(s)
Banker: William Derrough
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 1. 101112010 0.5 hour(s) Discussion with Third Party 2. 101212010 1.0 hour(s) Internal Discussion 3. 101412010 1.5 hour(s) Discussion with Counsel I Management 4. 101512010 1.0 hour(s) Discussion with Counsel I Management 5. 101512010 1.0 hour(s) Discussion with Third Party 6. 101612010 4.0 hour(s) Discussion with Constituents 7. 101712010 1.5 hour(s) Discussion with Constituents 8. 101712010 1.5 hour(s) Discussion with Third Party 9. 101812010 0.5 hour(s) Discussion with Counsel I Management 10. 101812010 0.5 hour(s) Internal Discussion 11. 1011012010 0.5 hour(s) Internal Discussion 12. 1011212010 6.0 hour(s) Meeting with Independent Board 13. 1011312010 0.5 hour(s) Discussion with Constituents 14. 1011412010 1.0 hour(s) Discussion with Counsel 15. 1011512010 0.5 hour(s) Discussion with Constituents 16. 1011612010 1.0 hour(s) Discussion with Management 17. 1011712010 1.0 hour(s) Discussion with Management 18. 1011712010 0.5 hour(s) Internal Discussion 19. 1011712010 1.0 hour(s) Reviewed Presentation Materials 20. 1011812010 1.0 hour(s) Discussion with Constituents 21. 1011812010 1.0 hour(s) Internal Discussion 22. 1011912010 4.0 hour(s) Board Meeting 23. 1011912010 0.5 hour(s) Discussion with Constituents 24. 1011912010 1.0 hour(s) Discussion with Counsel 25. 1011912010 1.0 hour(s) Internal Discussion 26. 1012012010 0.5 hour(s) Discussion with Constituents 27. 1012012010 0.5 hour(s) Discussion with Counsel 28. 1012012010 4.0 hour(s) Meeting in Palm Beach 29. 1012112010 5.0 hour(s) Meeting in Palm Beach 30. 1012212010 0.5 hour(s) Discussion with Constituents 31. 1012212010 0.5 hour(s) Discussion with Counsel 32. 1012412010 0.5 hour(s) Discussion with Constituents 33. 1012412010 0.5 hour(s) Discussion with Management 34. 1012412010 1.0 hour(s) Prepare Declaration I Discussion with Counsel 35. 1012512010 3.0 hour(s) Discussion with Counsel 36. 1012512010 0.5 hour(s) Discussion with Third Party 37. 1012512010 2.0 hour(s) Meeting with Constituent 38. 1012612010 1.0 hour(s) Board Call 39. 1012612010 0.5 hour(s) Discussion with Counsel I Management 40. 1012612010 1.0 hour(s) Discussion with Third Party 41. 1012712010 0.5 hour(s) Discussion with Third Party 42. 1012812010 2.0 hour(s) Discussion with Constituents 43. 1012812010 0.5 hour(s) Discussion with Management 44. 1012812010 0.5 hour(s) Reviewed Process Letter August Total 58.0 hour(s) Innkeepers Timekeeping
Total Hours: 4.0 hour(s)
Banker: Alex Rubin
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 1. 10/5/2010 1.0 hour(s) Meeting with Third Party 2. 10/7/2010 1.0 hour(s) Discussion with Third Party 3. 10/19/2010 1.0 hour(s) Internal Discussion 4. 10/27/2010 0.5 hour(s) Discussion with Third Party 5. 10/30/2010 0.5 hour(s) Discussion with Third Party August Total 4.0hour(s) Innkeepers Timekeeping
Total Hours: 66.5 hour(s)
Banker: Zu!Jamal
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 1. 101112010 0.5 hour(s) Administrative Work 2. 101212010 1.0 hour(s) Internal Discussion 3. 101412010 1.5 hour(s) Discussion with Counsel I Management 4. 101512010 0.5 hour(s) Discussion with Constituents 5. 101512010 2.0 hour(s) Discussion with Counsel I Management 6. 101512010 2.0 hour(s) Internal Discussion 7. 101612010 4.0 hour(s) Discussion with Constituents 8. 101612010 2.0 hour(s) Updated Financial Model I Internal Materials 9. 101812010 0.5 hour(s) Discussion with Counsel I Management 10. 101812010 0.5 hour(s) Internal Discussion 11. 101912010 1.0 hour(s) Internal Discussion 12. 1011012010 1.0 hour(s) Internal Discussion 13. 1011112010 0.5 hour(s) Discussion with Constituents 14. 1011212010 0.5 hour(s) Discussion with Third Party 15. 1011212010 6.0 hour(s) Meeting with Independent Board 16. 1011312010 0.5 hour(s) Discussion with Constituents 17. 1011312010 0.5 hour(s) Internal Discussion 18. 1011412010 1.0 hour(s) Discussion with Counsel 19. 1011412010 0.5 hour(s) Internal Discussion 20. 1011512010 0.5 hour(s) Discussion with Constituents 21. 1011612010 1.0 hour(s) Discussion with Management 22. 1011712010 1.0 hour(s) Discussion with Management 23. 1011712010 0.5 hour(s) Internal Discussion 24. 1011812010 1.0 hour(s) Discussion with Constituents 25. 1011812010 1.0 hour(s) Internal Discussion 26. 1011812010 4.0 hour(s) Prepared Presentation Materials 27. 1011912010 4.0 hour(s) Board Meeting 28. 1011912010 0.5 hour(s) Discussion with Constituents 29. 1011912010 1.0 hour(s) Discussion with Counsel 30. 1011912010 1.0 hour(s) Internal Discussion 31. 1012012010 0.5 hour(s) Discussion with Constituents 32. 1012012010 0.5 hour(s) Discussion with Counsel 33. 1012012010 0.5 hour(s) Discussion with Third Party 34. 1012012010 2.0 hour(s) Meeting in Palm Beach 35. 1012112010 5.0 hour(s) Meeting in Palm Beach 36. 1012212010 0.5 hour(s) Discussion with Constituents 37. 1012212010 0.5 hour(s) Discussion with Counsel 38. 1012412010 0.5 hour(s) Discussion with Constituents 39. 1012412010 0.5 hour(s) Discussion with Management 40. 1012412010 1.0 hour(s) Prepare Declaration I Discussion with Counsel 41. 1012512010 3.0 hour(s) Discussion with Counsel 42. 1012512010 1.5 hour(s) Discussion with Management 43. 1012512010 2.0 hour(s) Meeting with Constituent 44. 1012612010 1.0 hour(s) Board Call 45. 1012612010 0.5 hour(s) Discussion with Counsel I Management 46. 1012612010 1.0 hour(s) Discussion with Third Party 47. 1012712010 0.5 hour(s) Discussion with Third Party Innkeepers Timekeeping
Total Hours: 66.5 hour(s)
Banker: Zu!Jamal
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 48. 10/27/2010 0.5 hour(s) Prepared Process Letter 49. 10/28/2010 2.0 hour(s) Discussion with Constituents 50. 10/28/2010 0.5 hour(s) Discussion with Management 51. 10/28/2010 0.5 hour(s) Prepared Process Letter 52. 10/30/2010 0.5 hour(s) Internal Discussion August Total 66.5 hour(s) Innkeepers Timekeeping
Total Hours: 109.0 hour(s)
Banker: Steven Moore
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 1. 101112010 0.5 hour(s) Discussion with Five Mile 2. 101112010 1.5 hour(s) Discussion with Third Party 3. 101112010 0.5 hour(s) Drafted Site Visit Protocol 4. 101112010 1.0 hour(s) Responded to Diligence I Dataroom Requests 5. 101212010 1.0 hour(s) Internal Discussion 6. 101212010 1.0 hour(s) Prepared Internal Materials 7. 101412010 2.5 hour(s) Discussion with Counsel I Management 8. 101412010 1.0 hour(s) Discussion with Third Party 9. 101512010 2.0 hour(s) Discussion with Counsel I Management 10. 101512010 2.0 hour(s) Internal Discussion 11. 101512010 1.0 hour(s) Meeting with Third Party 12. 101612010 4.0 hour(s) Discussion with Constituents 13. 101612010 3.0 hour(s) Updated Financial Model I Internal Materials 14. 101712010 1.5 hour(s) Discussion with Constituents 15. 101712010 1.0 hour(s) Prepared Internal Materials 16. 101712010 4.5 hour(s) Responded to Diligence I Dataroom Requests 17. 101812010 1.0 hour(s) Discussion with Counsel I Management 18. 101812010 0.5 hour(s) Discussion with Third Party 19. 101812010 0.5 hour(s) Internal Discussion 20. 101812010 5.0 hour(s) Responded to Diligence I Dataroom Requests 21. 101912010 1.0 hour(s) Internal Discussion 22. 1011012010 1.0 hour(s) Internal Discussion 23. 1011012010 2.5 hour(s) Prepared Presentation Materials 24. 1011112010 0.5 hour(s) Discussion with Constituents 25. 1011112010 1.5 hour(s) Prepared Presentation Materials 26. 1011212010 0.5 hour(s) Discussion with Third Party 27. 1011212010 6.0 hour(s) Meeting with Independent Board 28. 1011212010 4.0 hour(s) Responded to Diligence I Dataroom Requests 29. 1011312010 0.5 hour(s) Discussion with Constituents 30. 1011312010 0.5 hour(s) Internal Discussion 31. 1011312010 2.5 hour(s) Responded to Diligence I Dataroom Requests 32. 1011412010 1.0 hour(s) Discussion with Counsel 33. 1011412010 0.5 hour(s) Internal Discussion 34. 1011512010 0.5 hour(s) Discussion with Constituents 35. 1011612010 1.0 hour(s) Discussion with Management 36. 1011712010 1.0 hour(s) Discussion with Management 37. 1011712010 0.5 hour(s) Internal Discussion 38. 1011712010 1.0 hour(s) Prepared Presentation Materials 39. 1011812010 1.0 hour(s) Discussion with Constituents 40. 1011812010 1.0 hour(s) Discussion with Management I Counsel 41. 1011812010 1.0 hour(s) Internal Discussion 42. 1011812010 4.0 hour(s) Prepared Presentation Materials 43. 1011912010 4.0 hour(s) Board Meeting 44. 1011912010 1.0 hour(s) Discussion with Counsel 45. 1011912010 1.0 hour(s) Internal Discussion 46. 1012012010 0.5 hour(s) Discussion with Constituents 47. 1012012010 0.5 hour(s) Discussion with Third Party Innkeepers Timekeeping
Total Hours: 109.0 hour(s)
Banker: Steven Moore
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 48. 10/20/2010 2.0 hour(s) Meeting in Palm Beach 49. 10/21/2010 8.0 hour(s) Meeting in Palm Beach 50. 10/22/2010 0.5 hour(s) Discussion with Constituents 51. 10/22/2010 0.5 hour(s) Discussion with Counsel 52. 10/22/2010 4.5 hour(s) Meeting in Palm Beach 53. 10/24/2010 0.5 hour(s) Discussion with Constituents 54. 10/24/2010 0.5 hour(s) Discussion with Management 55. 10/24/2010 0.5 hour(s) Prepare Declaration / Discussion with Counsel 56. 10/25/2010 1.0 hour(s) Discussion with Counsel 57. 10/25/2010 1.5 hour(s) Discussion with Management 58. 10/25/2010 0.5 hour(s) Discussion with Third Party 59. 10/25/2010 1.0 hour(s) Responded to Diligence I Dataroom Requests 60. 10/26/2010 1.0 hour(s) Board Call 61. 10/26/2010 1.5 hour(s) Discussion with Counsel/ Management 62. 10/26/2010 1.0 hour(s) Prepared Potential Plan Sponsor Dataroom 63. 10/26/2010 1.0 hour(s) Prepared Presentation Materials 64. 10/27/2010 0.5 hour(s) Discussion with Third Party 65. 10/27/2010 0.5 hour(s) Prepared Process Letter 66. 10/28/2010 1.5 hour(s) Discussion with Management 67. 10/28/2010 1.5 hour(s) Internal Discussion 68. 10/28/2010 0.5 hour(s) Prepared Process Letter 69. 10/29/2010 1.5 hour(s) Discussion with Management / Counsel 70. 10/29/2010 2.0 hour(s) Internal Discussion 71. 10/30/2010 0.5 hour(s) Internal Discussion August Total 109.0 hour(s) Innkeepers Timekeeping
Total Hours: 319.5 hour(s)
Banker: Brian Bacal
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 1. 101112010 2.0 hour(s) Administrative Work 2. 101112010 0.5 hour(s) Discussion with Five Mile 3. 101112010 3.0 hour(s) Drafted Site Visit Protocol 4. 101112010 2.0 hour(s) Prepared Internal Materials 5. 101112010 3.0 hour(s) Responded to Diligence I Dataroom Requests 6. 101212010 1.0 hour(s) Administrative Work 7. 101212010 1.0 hour(s) Internal Discussion 8. 101212010 8.0 hour(s) Prepared Internal Materials 9. 101312010 6.0 hour(s) Prepared Internal Materials 10. 101412010 1.5 hour(s) Assessed Third Party Proposal 11. 101412010 2.0 hour(s) Discussion with Counsel I Management 12. 101412010 0.5 hour(s) Prepared Internal Materials 13. 101412010 2.0 hour(s) Responded to Diligence 1 Dataroom Requests 14. 101412010 4.5 hour(s) Updated Financial Model 15. 101512010 1.5 hour(s) Administrative Work 16. 101512010 1.0 hour(s) Discussion with Constituents 17. 101512010 2.5 hour(s) Discussion with Counsel I Management 18. 101512010 2.0 hour(s) Internal Discussion 19. 101512010 3.0 hour(s) Responded to Diligence I Dataroom Requests 20. 101512010 2.5 hour(s) Updated Financial Model 21. 101612010 4.0 hour(s) Administrative Work 22. 101612010 4.0 hour(s) Discussion with Constituents 23. 101612010 1.0 hour(s) Discussion with Management 24. 101612010 2.0 hour(s) Responded to Diligence I Dataroom Requests 25. 101612010 4.5 hour(s) Updated Financial Model I Internal Materials 26. 101712010 1.5 hour(s) Discussion with Constituents 27. 101712010 7.0 hour(s) Prepared Internal Materials 28. 101712010 5.0 hour(s) Responded to Diligence I Dataroom Requests 29. 101812010 1.0 hour(s) Discussion with Counsel I Management 30. 101812010 0.5 hour(s) Internal Discussion 31. 101812010 7.0 hour(s) Prepared Presentation Materials 32. 101812010 5.0 hour(s) Responded to Diligence I Dataroom Requests 33. 101912010 1.0 hour(s) Internal Discussion 34. 101912010 8.0 hour(s) Prepared Presentation Materials 35. 1011012010 0.5 hour(s) Administrative Work 36. 1011012010 1.0 hour(s) Internal Discussion 37. 1011012010 6.5 hour(s) Prepared Presentation Materials 38. 1011112010 0.5 hour(s) Administrative Work 39. 1011112010 0.5 hour(s) Discussion with Constituents 40. 1011112010 10.0 hour(s) Prepared Presentation Materials 41. 1011112010 2.0 hour(s) Responded to Diligence I Dataroom Requests 42. 1011112010 2.5 hour(s) Updated Financial Model 43. 10/1212010 0.5 hour(s) Administrative Work 44. 1011212010 1.0 hour(s) Discussion with Management 45. 1011212010 5.0 hour(s) Meeting with Independent Board 46. 1011212010 5.5 hour(s) Prepared Presentation Materials 47. 1011212010 4.0 hour(s) Responded to Diligence I Dataroom Requests Innkeepers Timekeeping
Total Hours: 319.5 hour(s)
Banker: Brian Bacal
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 48. 10/13/2010 0.5 hour(s) Discussion with Constituents 49. 10/13/2010 0.5 hour(s) Internal Discussion 50. 10/13/2010 6.5 hour(s) Prepared internal Materials 51. 10/13/2010 2.5 hour(s) Responded to Diligence I Dataroom Requests 52. 10/14/2010 0.5 hour(s) Discussion with Counsel 53. 10/14/2010 0.5 hour(s) Internal Discussion 54. 10/14/2010 3.5 hour(s) Prepared Presentation Materials 55. 10/15/2010 6.5 hour(s) Prepared Presentation Materials 56. 10/16/2010 7.0 hour(s) Prepared Presentation Materials 57. 10/17/2010 0.5 hour(s) Internal Discussion 58. 10/17/2010 8.5 hour(s) Prepared Presentation Materials 59. 10/18/2010 1.0 hour(s) Discussion with Constituents 60. 10/18/2010 1.0 hour(s) Discussion with Management / Counsel 61. 10/18/2010 1.0 hour(s) Internal Discussion 62. 10/18/2010 3.5 hour(s) Prepared Presentation Materials 63. 10/18/2010 2.0 hour(s) Updated Financial Model 64. 10/19/2010 2.0 hour(s) Administrative Work 65. 10/19/2010 0.5 hour(s) Discussion with Counsel 66. 10/19/2010 6.0 hour(s) Prepared Presentation Materials 67. 10/20/2010 0.5 hour(s) Discussion with Constituents 68. 10/20/2010 0.5 hour(s) Discussion with Third Party 69. 10/20/2010 9.0 hour(s) Prepared Presentation Materials 70. 10/20/2010 1.5 hour(s) Updated Financial Model 71. 10/21/2010 1.5 hour(s) Administrative Work 72. 10/21/2010 6.0 hour(s) Meeting in Palm Beach 73. 10/21/2010 3.5 hour(s) Updated Financial Model 74. 10/22/2010 2.0hour(s) Administrative Work 75. 10/22/2010 0.5 hour(s) Discussion with Constituents 76. 10/22/2010 0.5 hour(s) Discussion with Counsel 77. 10/22/2010 4.5 hour(s) Meeting in Palm Beach 78. 10/22/2010 6.5 hour(s) Prepared Presentation Materials 79. 10/23/2010 2.5 hour(s) Updated Financial Model 80. 10/24/2010 2.0 hour(s) Administrative Work 81. 10/24/2010 0.5 hour(s) Prepare Declaration / Discussion with Counsel 82. 10/24/2010 2.0 hour(s) Prepared Internal Materials 83. 10/24/2010 10.5 hour(s) Updated Financial Model 84. 10/25/2010 1.0 hour(s) Administrative Work 85. 10/25/2010 1.5 hour(s) Discussion with Management 86. 10/25/2010 0.5 hour(s) Discussion with Third Party 87. 10/25/2010 3.0 hour(s) Prepared Internal Materials 88. 10/25/2010 1.0 hour(s) Responded to Diligence / Dataroom Requests 89. 10/25/2010 6.5 hour(s) Updated Financial Model 90. 10/26/2010 0.5 hour(s) Administrative Work 91. 10/26/2010 1.0 hour(s) Board Call 92. 10/26/2010 1.5 hour(s) Discussion with Counsel/ Management 93. 10/26/2010 6.0 hour(s) Prepared Potential Plan Sponsor Dataroom 94. 10/26/2010 2.0 hour(s) Prepared Presentation Materials Innkeepers Timekeeping
Total Hours: 319.5 hour(s)
Banker: Brian Bacal
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 95. 1012612010 1.0 hour(s) Updated Financial Model 96. 1012712010 0.5 hour(s) Discussion with Constituents 97. 1012712010 3.0 hour(s) Prepared Internal Materials 98. 1012712010 2.0 hour(s) Prepared Process Letter 99. 1012712010 3.0 hour(s) Updated Financial Model 100. 1012812010 0.5 hour(s) Discussion with Constituents 101. 1012812010 1.5 hour(s) Discussion with Management 102. 1012812010 1.5 hour(s) Internal Discussion 103. 1012812010 2.0 hour(s) Prepared internal Materials 104. 1012812010 2.0 hour(s) Prepared Process Letter 105. 1012812010 4.5 hour(s) Updated Financial Model 106. 1012912010 0.5 hour(s) Discussion with Constituents 107. 1012912010 1.5 hour(s) Discussion with Management I Counsel 108. 1012912010 2.0 hour(s) Internal Discussion 109. 1012912010 2.0 hour(s) Prepared Internal Materials 110. 1012912010 0.5 hour(s) Responded to Diligence I Dataroom Requests 111. 1012912010 6.0 hour(s) Updated Financial Model 112. 1013012010 0.5 hour(s) Discussion with Constituents 113. 1013012010 1.0 hour(s) Internal Discussion 114. 1013012010 6.5 hour(s) Updated Financial Model 115. 1013112010 2.0 hour(s) Administrative Work 116. 1013112010 2.5 hour(s) Updated Financial Model August Total 319.5 hour(s) Innkeepers Timekeeping
Total Hours: 328.5 hour(s)
Banker: Adam Pieczonka
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 1. 101112010 4.5 hour(s) Administrative Work 2. 101112010 5.0 hour(s) Prepared Internal Materials 3. 101212010 3.5 hour(s) Administrative Work 4. 101212010 1.0 hour(s) Edited Site Visit Protocol 5. 101212010 1.0 hour(s) Internal Discussion 6. 101212010 8.0 hour(s) Prepared Internal Materials 7. 101312010 1.0 hour(s) Administrative Work 8. 101312010 4.5 hour(s) Prepared Internal Materials 9. 101412010 5.5 hour(s) Assessed Third Party Proposal 10. 101412010 2.0 hour(s) Discussion with Counsel I Management 11. 101412010 7.0 hour(s) Updated Financial Model 12. 101512010 2.5 hour(s) Discussion with Counsel I Management 13. 101512010 2.0 hour(s) Internal Discussion 14. 101512010 10.5 hour(s) Updated Financial Model - 15. 101612010 1.5 hour(s) Administrative Work 16. 101612010 4.0 hour(s) Discussion with Constituents 17. 101612010 1.0 hour(s) Discussion with Management 18. 101612010 7.5 hour(s) Updated Financial Model I Internal Materials 19. 101712010 1.5 hour(s) Discussion with Constituents 20. 101712010 8.5 hour(s) Prepared Internal Materials 21. 101712010 2.5 hour(s) Responded to Diligence I Dataroom Requests 22. 101812010 1.0 hour(s) Discussion with Counsel I Management 23. 101812010 0.5 hour(s) Internal Discussion 24. 101812010 10.0 hour(s) Prepared Presentation Materials 25. 101812010 5.0 hour(s) Responded to Diligence I Dataroom Requests 26. 101912010 0.5 hour(s) Administrative Work 27. 101912010 1.0 hour(s) Internal Discussion 28. 101912010 6.0 hour(s) Prepared Presentation Materials 29. 1011012010 1.0 hour(s) Internal Discussion 30. 1011012010 8.0 hour(s) Prepared Presentation Materials 31. 1011112010 0.5 hour(s) Administrative Work 32. 1011112010 0.5 hour(s) Discussion with Constituents 33. 1011112010 4.0hour(s) Prepared Presentation Materials 34. 1011112010 8.5 hour(s) Updated Financial Model 35. 1011212010 0.5 hour(s) Administrative Work 36. 1011212010 0.5 hour(s) Discussion with Constituents 37. 1011212010 1.0 hour(s) Discussion with Management 38. 1011212010 7.5 hour(s) Prepared Presentation Materials 39. 1011212010 4.0 hour(s) Responded to Diligence I Dataroom Requests 40. 1011312010 0.5 hour(s) Administrative Work 41. 1011312010 0.5 hour(s) Discussion with Constituents 42. 1011312010 0.5 hour(s) Internal Discussion 43. 1011312010 9.0 hour(s) Prepared Internal Materials 44. 1011312010 2.5 hour(s) Responded to Diligence I Dataroom Requests 45. 1011412010 1.0 hour(s) Discussion with Counsel 46. 1011412010 0.5 hour(s) Internal Discussion 47. 1011412010 8.5 hour(s) Prepared Presentation Materials Innkeepers Timekeeping
Total Hours: 328.5 hour(s)
Banker: Adam Pieczonka
Restructuring Case: Innkeepers
Entry Number: Date Total Hours Description 48. 10/15/2010 0.5 hour(s) Administrative Work 49. 10/15/2010 9.5 hour(s) Prepared Presentation Materials 50. 10(16/2010 0.5 hour(s) Administrative Work 51. 10/16/2010 7.0 hour(s) Prepared Presentation Materials 52. 10/17/2010 0.5 hour(s) Internal Discussion 53. 10/17/2010 8.0 hour(s) Prepared Presentation Materials 54. 10/18/2010 0.5 hour(s) Discussion with Constituents 55. 10/18/2010 1.0 hour(s) Internal Discussion 56. 10(18/2010 8.0 hour(s) Prepared Presentation Materials 57. 10/18/2010 2.0 hour(s) Updated Financial Model 58. 10/19/2010 8.5 hour(s) Prepared Presentation Materials 59. 10/19/2010 5.0 hour(s) Updated Financial Model 60. 10/20/2010 0.5 hour(s) Administrative Work 61. 10/20/2010 0.5 hour(s) Discussion with Constituents 62. 10/20/2010 0.5 hour(s) Discussion with Third Party 63. 10/20/2010 8.5 hour(s) Prepared Presentation Materials 64. 10/20/2010 5.0 hour(s) Updated Financial Model 65. 10/21/2010 6.0 hour(s) Meeting in Palm Beach 66. 10/21/2010 3.5 hour(s) Updated Financial Model 67. 10/22/2010 0.5 hour(s) Discussion with Constituents 68. 10/22/2010 0.5 hour(s) Discussion with Counsel 69. 10/22/2010 4.5 hour(s) Meeting in Palm Beach 70. 10/22/2010 2.0 hour(s) Prepared Presentation Materials 71. 10/23/2010 6.0 hour(s) Updated Financial Model 72. 10/24/2010 0.5 hour(s) Administrative Work 73. 10/24/2010 10.5 hour(s) Updated Financial Model 74. 10/25/2010 1.0 hour(s) Administrative Work 75. 10/25/2010 1.5 hour(s) Discussion with Management 76. 10/25/2010 0.5 hour(s) Discussion with Third Party 77. 10/25/2010 2.5 hour(s) Prepared Internal Materials 78. 10/25/2010 6.5 hour(s) Updated Financial Model 79. 10/26/2010 1.0 hour(s) Board Call 80. 10/26/2010 1.0 hour(s) Discussion with Counsel/ Management 81. 10/26/2010 2.5 hour(s) Prepared Potential Plan Sponsor Dataroom 82. 10/26/2010 3.0 hour(s) Prepared Presentation Materials 83. 10/26/2010 7.0 hour(s) Updated Financial Model 84. 10/27/2010 0.5 hour(s) Administrative Work 85. 10/27/2010 8.5 hour(s) Updated Financial Model 86. 10/28/2010 1.5 hour(s) Discussion with Management 87. 10/28/2010 1.5 hour(s) Internal Discussion 88. 10/28/2010 1.0 hour(s) Prepared Internal Materials 89. 10/28/2010 6.5 hour(s) Updated Financial Model 90. 10/29/2010 1.5 hour(s) Administrative Work 91. 10/29/2010 1.0 hour(s) Discussion with Management I Counsel 92. 10/29/2010 2.0 hour(s) Internal Discussion 93. 10/29/2010 4.5 hour(s) Updated Financial Model 94. 10/30/2010 1.0 hour(s) Internal Discussion Innkeepers Timekeeping
Total Hours: 328.5 hour(s)
Banker: Adam Pieczonka
Restructuring Case: ..:.ln..:.n..:.k...:e..:.ep!...e;..r..:.s ______
Entry Number: Date Total Hours Description 95. 10/31/2010 5.0 hour(s) Updated Financial Model August Total 328.5 hour(s) Innkee ers t \:tobt>r Expt>nse Report Dl~tdll
Description
8/12/2010 [)•scription 10/17/2010 0000001980 Phone-Other B De•aiption 10/25/2010 0000001980 A1rfare Moore JET BLUE AIRWAYS 9010 )ETBLUE PBI-LGA 40.00 10/25/2010 0000001980 A1rfMe Moore TRAVEL AGENCY SERVICENEW YORK LGA-PBI-LGA )B tkt 016 42.00 10/25/2010 0000001980 Tdxi BdCdi NYC TAX I M ED 5N34 09 LONG ISLAND from office to home dt 1:15dm 5.30 ----0000001980 TdXI Derrough TAXI CREDIT CARD COR WOODSIDE INNK meeting dt Miller Buckhre - 11.40 10/25/2010 I0/25/2010 0000001980 TdXI Pieczonka ARR MANAGEMENT CORP WOODSIDE From work home@ 4:01dm 13.10 10/25/2010 0000001980 fdXI Moore BIG APPLE CAR INC BROOKLYN idle n1ght work 106.99 10/26/2010 0000001980 Phone J•m•l A TTM"2870205082%N Bl ALPHARETTA 34.77 10/26/2010 0000001980 Tdxi Bdral NYC TAXI MED 9V46 09 NEW YORK from office to home dt 21:40 6.12 10/26/2010 0000001980 Tdxi P1eczonka 55 STAN OPERATING CO LONG ISLAND From work home@ 12:54•m 16.10 10/26/2010 0000001980 TdXI Bdl'di BIG APPLE CAR INC BROOKLYN from home to LGA dt 6:08am 55.99 10j27/2010 0000001980 Tax1 Pieczonkd QUEENS MEDALLION LSN LONG ISLAND From work home@ 2:02dm 12.70 I0/27/2010 0000001980 TdXi )dmdl BIG APPLE CAR INC BROOKLYN Newdrk Airport to home 79.15 I0/28/2010 0000001980 AirfMe Derrough VIRGIN AMERICA BURLINGAME LAX/)FK 1,20270 I0/28/2010 0000001980 TdXi Pieczonkd NYC TAXI MED 3GII 09 NEW YORK From work home@ 12:05dm 15.24 I0/28/2010 0000001980 Tax1 Pieczonka CITITAXI FUNDING LLC WOODSIDE From work home@ 11:17pm 16.10 10/28/2010 0000001980 Taxi Moore BIG APPLE CAR INC BROOKLYN i•te night work 106.72 I0/28/2010 0000001980 TdXI Moore BIG APPLE CAR INC BROOKLYN)FKtohome 180.17 I0/29/2010 0000001980 Airfare Moore SOUTHWEST AIRLINES NEW YORK LAX-S)C 173.70 10/29/2010 0000001980 Leg•! LATHAM &WATKINS LLP 1,585.02 TOTAL $13,187.49 355 South Grand Avenue Los Angeles, California 90071-1560 Tel: +1.213.485.1234 Fax: +1.213.891.8763 www.lw.com LATHAM&WATKI N $LLP Tax identification No: 95-2018373 INVOICE REMITTANCE INSTRUCTIONS July31,2010 WIRE TRANSFERS: CHECKS: Bank: Citibank, Delaware Latham & Watkins LLP One Penn's Way P.O. Box 894256 MOELIS & COMPANY New Castle, DE 19720 Los Angeles, CA c/o GELLER & COMPANY, ATTN: EBG ABA: 0311-00209 90189-4256 SWIFT: CITIUS33 909 THIRD A VENUE Account Name: Latham & Watkins LLP NEW YORK, NY 10022 Account Number: 3911-7003 Please identify your check or wire transfer with the following numbers: Invoice No. 100112208 File No. 045520-0050 For professional services rendered through July 31, 2010 re: INNKEEPERS USA TRUST Attorney Time: 8.90 hrs@ individual rates $7,832.00 Total Current Charges: $7,832.00 Total Amount Due: $7.832.00 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100112208 LA\2127863.1 Attorney Hours: M RIELA (ASSOCIATE) 8.90 hrs@ $880.00 /hr. $7,832.00 Paralegal Hours: Total Services X.9 hrs $7,832.00 Other charges: Total other charges Total current charges: $7.832.00 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT. PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100112208 2 LA\2127863.1 TIME DETAIL Attorney/ Date Paralegal Hours Description 07/10110 MR 1.00 REVIEW K&E COMMENTS TO RETENTION DOCUMENTS AND REVISE SAME 07112/10 MR .30 REVISE INNKEEPERS TRUST USA RETENTION DOCUMENTS AND EMAIL EXCHANGES WITH MOELIS REGARDING SAME 07/14/10 MR 1.10 REVIEW INNKEEPERS DECLARATION DISCLOSURES; EMAIL EXCHANGES WITH MOELIS REGARDING SAME; EMAIL EXCHANGES WITH K&E 07115110 MR .90 EMAILS REGARDING INNKEEPERS RETENTION DOCUMENTS; TELEPHONE CONFERENCE WITH 0. WATANABE REGARDING SAME; REVISE SAME 07/16110 MR .40 TELEPHONE CONFERENCE WITH K&E REGARDING AST COMMENTS TO MOELIS RETENTION APPLICATION; EMAIL EXCHANGES WITH K&E REGARDING SAME 07/22/10 MR .80 REVIEW UST COMMENTS TO INNKEEPERS USA RETENTION APPLICATION AND DETAILED EMAIL TO MOELIS REGARDING SAME; FOLLOW-UP EMAILS WITH MOELIS 07/23110 MR .80 TELEPHONE CONFERENCE WITH MOELIS REGARDING UST COMMENTS TO INNKEEPERS RETENTION APPLICATION; REVISE PROPOSED ORDER 07/27/10 MR 1.90 TELEPHONE CONFERENCE WITH US TRUSTEE REGARDING INNKEEPERS RETENTION; DRAFT SUPPLEMENTAL RETENTION DECLARATION AND REVISE PROPOSED RETENTION ORDER; EMAILS WITH MOELIS REGARDING SAME 07/29/10 MR .90 E-MAIL WITH S. GOLDEN (UST) REGARDING INNKEEPERS RETENTION DOCUMENTS, REVISE SUPPLEMENTAL DECLARATION AND PROPOSED RETENTION ORDER 07/30/10 MR .80 E-MAILS WITH MOELIS REGARDING UST COMMENTS TO SUPPLEMENTAL DECLARATION AND ORDER; REVISE SUPPLEMENTAL DECLARATION BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100112208 3 LA\2127863.1 355 South Grand Avenue Los Angeles. California 90071-1560 Tel: +1.213.485.1234 Fax: +1.213.891.8763 www.lw.com LATHAM&WATKI N 5LLP Tax identification No: 95-2018373 INVOICE REMITTANCE INSTRUCTIONS September 30, 2010 WIRE TRANSFERS: CHECKS: Bank: Citibank, Delaware Latham & Watkins LLP One Penn's Way P.O. Box 894256 MOELIS & COMPANY New Castle, DE 19720 Los Angeles, CA c/o GELLER & COMPANY, ATTN: EBG ABA: 0311-00209 90189-4256 SWIFT: CITIUS33 909 THIRD A VENUE Account Name: Latham & Watkins LLP NEW YORK, NY 10022 Account Number: 3911-7003 Please identify your check or wire transfer with the following numbers: Invoice No. 100115549 File No. 045520-0050 For professional services rendered through September 30, 2010 re: INNKEEPERS USA TRUST Attorney Time: 1.80 hrs@ individual rates $1,584.00 Other Charges: Total Current Charges: $1,585.02 Total Amount Due: $1.585.02 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100115549 LA\2154415.1 Attorney Hours: M RIELA (ASSOCIATE) 1.80 hrs@ $880.00 /hr. $1,584.00 Paralegal Hours: Total Services I.S hrs $1,584.00 Other charges: TELEPHONE Total other charges Total current charges $1.585.02 BALANCE DUE $1.585.02 BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT, PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100115549 2 LA\2154415.1 TIME DETAIL Attorney/ Date Paralegal Hours Description 09/16110 MR .20 TELEPHONE CONFERENCE WITH A. PIECZONKA REGARDING INNKEEPERS MONTHLY FEE STATEMENT 09/22110 MR .40 EMAIL EXCHANGES WITH MOELIS REGARDING INNKEEPERS MONTHLY INVOICING 09/24110 MR .30 REVIEW INNKEEPERS MONTHLY INVOICE AND HOURS/EXPENSE REPORTS 09/29110 MR .90 PREP ARE TEMPLATE FOR INNKEEPERS MONTHLY FEE STATEMENT; EMAILS WITH MOELIS REGARDING TIME DETAIL; EMAILS WITH K&E REGARDING FILING AND SERVICE BALANCE DUE AND PAYABLE TO REMITTANCE ADDRESS UPON RECEIPT. FOR PROPER CREDIT. PLEASE RETURN COPY OF INVOICE WITH YOUR CHECK IDENTIFIED BY# 100115549 3 LA\2154415.1