Objection Deadline: October 20, 2011 at 4:00 PM Prevailing Eastern Time

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 AUGUST 1, 2011 THROUGH AUGUST 31, 2011

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 August 1, 2011 through August 31, 2011 $9,884.50

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:

$514.81

This is Fried Franks tenth 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 $7,907.60 (80% of $9,884.50 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 $514.81 (representing 100% of expenses) incurred by Fried Frank during the period from August 1, 2011 through August 31, 2011 (the Fee Period). Contemporaneous time records are attached hereto as Exhibit A. The Fried Frank attorneys and paraprofessionals who rendered services in the abovecaptioned chapter 11 cases (the Chapter 11 Cases) during the Fee Period are:
Attorney Position with the Applicant Year Admitted Department Hourly Billing Rate Total Billed Hours Total Compensation

Brad Eric Scheler Bonnie Steingart Matthew Roose Gabriel Libhart Cedrick MendozaTolentino Totals

Partner Partner Associate Associate Associate

1978 1980 2007 2010 2011

Restructuring Restructuring Restructuring Restructuring Restructuring

$1,100.00 $970.00 $580.00 $460.00 $395.00

3.0 1.2 1.9 0.2 10.7 17.0

$3,300.00 $1,164.00 $1,102.00 $92.00 $4,226.50 $9,884.50

Total of Fees Sought in the Application

$9,884.50

Expense Summary Category Messenger Service and Postage Duplicating Data Research Travel, Airfare, and Other Transportation Telephone, Teleconferencing Total Total of Expenses Sought in the Application Amount $71.72 $51.84 $368.64 $21.58 $1.03 $514.81 $514.81

Compensation by Matter
Matter Number 2 3 4 5 7 Totals Matter Description Communications with Independent Committee Board Meetings Hearings and Court Issues Plan Process Retention and Fee Application Issues Total Billed Hours 1.0 0.5 1.0 5.6 8.9 17.0 Total Fees Requested $1,100.00 $290.00 $580.00 $4,399.00 $3,515.50 $9,884.50

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

$9,884.50 $514.81 $10,399.31

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 $7,907.60 (80% of $9,884.50 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 $514.81

New York, New York Dated: September 30, 2011

/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

8356185

Invoice No. 153329

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

September 30, 2011

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

For Professional Services Rendered

For the period from August 1, 2011 to August 31,2011 Fees ................................................................................................. . Ancillary Services .......................................................................... . Total ................................................................................................ . $ 9,884.50 $ 514.81

$ 10,399.31

For Convenience you may wire your payments ro: Olibank, NA., 666 Frfth Avenue, New York NY 10103 N3A No. 021000089 Account No. 02095111 New York Washington DC London Paris Frankfurt Hong Kong Shanghai Fried. Frank, Harris. Shriver & Jacobson LLP is a Delaware Limited Liability Partnership

8356181

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

Time Detail
Timekeeper Description

08/17/11

Brad E. Scheler

T/c with clients re: MAC (.3); review issues re: same (.7). Total:

1.00 1.00

1,100.00 1,100.00

Fried, Frank, Harris, Shriver & Jacobson LLP Client: 033322 Independent Comm of Bd of Trustees of Innkeepers USA Trust Matter: 00003 Board Meetings

Time Detail
Timekeeper Description

08/22/11

Matthew Roose

Review board materials re: MAC clause Total:

0.50 0.50

290.00 290.00

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

Time Detail
Timekeeper Description

08/31/11

Matthew Roose

Attend hearing (.8), related follow-ip (.2) Total:

1.00 1.00

580.00 580.00

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

Time Detail
Date Timekeeper Description Hours Amount

08/18/11 08/23/11 08/23/11 08/23/11 08/29/11 08/29/11

Review Cerberus/Chatham commitment (.4); multiple tics re: same (1.1); related follow-up (.5). Matthew Roose Review Debtors' status report Gabriel Libhart Review Debtors' status update (.1); emails re: same (.1). Cedrick Mendoza-Tolentino Review and prepare summary re: Debtors' status report, email re: same. Bonnie Steingart Review issues and docs re: Cerberus and MXC clause. Cedrick Mendoza-Tolentino Review and prepare summary of complaint re: Cerberus/Chatham early termination and em ails re: same. Total:

Brad E. Scheler

2.00 0.40 0.20 0.90 1.20 0.90

2,200.00 232.00 92.00 355.50 1,164.00 355.50

5.60

4,399.00

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

Time Detail
Date Timekeeper Description Hours Amount

08/02/11

08/10/11 08/12/11

Cedrick Mendoza-Tolentino Draft, review and revise third interim fee application (6.6); email re: all monthly fee applications and third interim fee application (.3). Cedrick Mendoza-Tolentino Review local rules of SONY re: third interim fee applications and email re: same. Cedrick Mendoza-Tolentino Review and revise third interim fee application. Total:

6.90

2,725.50

1.10 0.90 8.90

434.50 355.50 3,515.50