Meristar Hospitality Operating Partnership 10-Q 2005 Q3 Quarterly report

Exhibit 99.1

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non-Guarantor Subsidiaries		MeriStar Sub 7C, LLC	MeriStar Sub 8G, LLC	AGH Upreit, LLC	MeriStar Sub 6H, L.P.		MeriStar Sub 8F, L.P.		MeriStar Sub 8B, LLC		MeriStar Sub 1C, LLC
Assets
Property and equipment	176,550		1,351,730		—	—	—	10,908		14,080		97,509		18,000
Accumulated depreciation	(44,688	)	(261,500	)	—	—	—	(1,231	)	(3,660	)	(16,509	)	—
	131,862		1,090,230		—	—	—	9,677		10,420		81,000		18,000
Assets held for sale	23,058		—		—	—	—	—		—		—		—
Investments in and advances to unconsolidated affiliates	2,344,223		15,272		32	72	2,989	—		—		—		—
Due to/from subsidiaries	(1,047,601	)	495,855		—	9	73	8,760		7,781		27,903		(4,396	)
Note receivable from subsidiaries	282,704		—		—	—	—	—		—		—		—
Prepaid expenses and other assets	24,717		1,900		—	—	—	15		7		—		51
Insurance claim receivable	37,070		—		—	—	—	—		—		—		—
Accounts receivable, net of allowance for doubtful accounts	20,410		523		—	—	—	—		—		63		—
Restricted cash	7,683		5,656		—	—	—	—		—		—		—
Cash and cash equivalents	14,372		—		—	—	—	—		—		—		—
	1,838,498		1,609,436		32	81	3,062	18,452		18,208		108,966		13,655
Liabilities and Partners’ capital
Debt	797,181		597,041		—	—	—	—		—		—		—
Notes payable to MeriStar Hospitality Corporation	170,000		—		—	—	—	—		—		—		—
Accounts payable and accrued expenses	14,524		6,814		—	—	—	65		6		(79	)	52
Accrued interest	27,068		2,482		—	—	—	—		—		—		—
Due to Interstate Hotels & Resorts	13,030		—		—	—	—	—		—		—		—
Other liabilities	701		—		—	—	—	—		214		—		—
Total liabilities	1,022,504		606,337		—	—	—	65		220		(79	)	52
Minority interests	2,382		—		—	—	—	—		—		—		—
Redeemable OP units at redemption value	20,620		—		—	—	—	—		—		—		—
Partners’ capital	792,992		1,003,099		32	81	3,062	18,387		17,988		109,045		13,603
	1,838,498		1,609,436		32	81	3,062	18,452		18,208		108,966		13,655

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 8E, LLC		MeriStar Sub 7F, LLC		MeriStar Sub 5L, LLC		MeriStar Sub 3C, LLC		MeriStar Sub 5R, LLC		MeriStar Sub 8A, LLC	MeriStar Sub 6D, LLC		MeriStar Sub 6E, LLC		MeriStar Sub 4E, L.P.
Assets
Property and equipment	16,337		9,968		13,007		18,185		—		—	18,527		52,702		—
Accumulated depreciation	(4,029	)	(750	)	(795	)	(4,841	)	—		—	(3,699	)	(12,625	)	(1	)
	12,308		9,218		12,212		13,344		—		—	14,828		40,077		(1	)
Assets held for sale	—		—		—		—		—		—	—		—		—
Investments in and advances to unconsolidated affiliates	—		—		—		—		43		—	—		—		—
Due to/from subsidiaries	8,817		4,718		4,293		8,562		(43	)	—	11,124		57,293		7,074
Note receivable from subsidiaries	—		—		—		—		—		—	—		—		—
Prepaid expenses and other assets	5		6		—		20		—		—	—		788		—
Insurance claim receivable	—		—		—		—		—		—	—		—		—
Accounts receivable, net of allowance for doubtful accounts	—		—		—		—		—		—	108		—		—
Restricted cash	—		—		—		—		—		—	—		3,032		—
Cash and cash equivalents	—		—		—		—		—		—	—		—		—
	21,130		13,942		16,505		21,926		—		—	26,060		101,190		7,073
Liabilities and Partners’ capital
Debt	628		636		—		1,129		—		—	—		37,650		—
Notes payable to MeriStar Hospitality Corporation	—		—		—		—		—		—	—		—		—
Accounts payable and accrued expenses	(37	)	184		66		305		—		—	23		(20	)	—
Accrued interest	—		—		—		—		—		—	—		183		—
Due to Interstate Hotels & Resorts	—		—		—		—		—		—	—		—		—
Other liabilities	—		—		—		—		—		—	—		—		—
Total liabilities	591		820		66		1,434		—		—	23		37,813		—
Minority interests	—		—		—		—		—		—	—		—		—
Redeemable OP units at redemption value	—		—		—		—		—		—	—		—		—
Partners’ capital	20,539		13,122		16,439		20,492		—		—	26,037		63,377		7,073
	21,130		13,942		16,505		21,926		—		—	26,060		101,190		7,073

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 1B, LLC		MeriStar Sub 5F, L.P.		MeriStar Sub 6G, LLC		MeriStar Sub 8C, LLC	MeriStar Sub 4C, L.P.	MeriStar Sub 4H, L.P.	MeriStar Sub 7E, LLC		MeriStar Sub 3D, LLC	MeriStar Sub 1A, LLC
Assets
Property and equipment	21,646		38,000		25,514		—	—	—	20,388		12,000	—
Accumulated depreciation	(5,006	)	(1,053	)	(6,248	)	—	—	—	(4,420	)	—	—
	16,640		36,947		19,266		—	—	—	15,968		12,000	—
Assets held for sale	—		—		—		—	—	—	—		—	—
Investments in and advances to unconsolidated affiliates	—		—		—		—	—	—	—		—	—
Due to/from subsidiaries	18,213		(5,279	)	10,101		11,439	—	3,414	6,612		9,498	14,099
Note receivable from subsidiaries	—		—		—		—	—	—	—		—	—
Prepaid expenses and other assets	2		9		—		—	—	—	5		7	—
Insurance claim receivable	—		—		—		—	—	—	—		—	—
Accounts receivable, net of allowance for doubtful accounts	96		—		—		—	—	—	—		—	—
Restricted cash	—		—		—		—	—	—	—		—	—
Cash and cash equivalents	—		—		—		—	—	—	—		—	—
	34,951		31,677		29,367		11,439	—	3,414	22,585		21,505	14,099
Liabilities and Partners’ capital
Debt	2,247		—		—		—	—	—	—		—	—
Notes payable to MeriStar Hospitality Corporation	—		—		—		—	—	—	—		—	—
Accounts payable and accrued expenses	81		187		(32	)	—	—	—	50		114	13
Accrued interest	—		—		—		—	—	—	—		—	—
Due to Interstate Hotels & Resorts	—		—		—		—	—	—	—		—	—
Other liabilities	—		—		—		—	—	—	—		—	—
Total liabilities	2,328		187		(32	)	—	—	—	50		114	13
Minority interests	—		—		—		—	—	—	—		—	—
Redeemable OP units at redemption value	—		—		—		—	—	—	—		—	—
Partners’ capital	32,623		31,490		29,399		11,439	—	3,414	22,535		21,391	14,086
	34,951		31,677		29,367		11,439	—	3,414	22,585		21,505	14,099

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 7A Joint Venture	MeriStar Sub 2B, LLC	MeriStar Sub 3A, LLC	MeriStar Sub 4A, LLC	MeriStar Sub 4D, LLC	MeriStar Sub 2A, LLC	MeriStar Sub 6L, LLC	MDV Limited Partnership		MeriStar Sub 5C, LLC
Assets
Property and equipment	—	—	—	—	—	—	—	4,038		—
Accumulated depreciation	—	—	—	—	—	—	—	(981	)	—
	—	—	—	—	—	—	—	3,057		—
Assets held for sale	—	—	—	—	—	—	—	—		—
Investments in and advances to unconsolidated affiliates	—	—	—	—	—	—	—	—		—
Due to/from subsidiaries	9,900	—	4,976	—	—	—	20,298	3,012		—
Note receivable from subsidiaries	—	—	—	—	—	—	—	—		—
Prepaid expenses and other assets	—	—	—	—	—	—	—	9		—
Insurance claim receivable	—	—	—	—	—	—	—	—		—
Accounts receivable, net of allowance for doubtful accounts	—	—	—	—	—	—	178	—		—
Restricted cash	—	—	—	—	—	—	—	—		—
Cash and cash equivalents	—	—	—	—	—	—	—	—		—
	9,900	—	4,976	—	—	—	20,476	6,078		—
Liabilities and Partners’ capital
Debt	—	—	—	—	—	—	—	—		—
Notes payable to MeriStar Hospitality Corporation	—	—	—	—	—	—	—	—		—
Accounts payable and accrued expenses	—	—	—	—	—	—	—	67		—
Accrued interest	—	—	—	—	—	—	—	—		—
Due to Interstate Hotels & Resorts	—	—	—	—	—	—	—	—		—
Other liabilities	—	—	—	—	—	—	—	—		—
Total liabilities	—	—	—	—	—	—	—	67		—
Minority interests	—	—	—	—	—	—	—	—		—
Redeemable OP units at redemption value	—	—	—	—	—	—	—	—		—
Partners’ capital	9,900	—	4,976	—	—	—	20,476	6,011		—
	9,900	—	4,976	—	—	—	20,476	6,078		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 6J, LLC		MeriStar Sub 1D, L.P.		MeriStar Sub 7B, L.P.	MeriStar Sub 7D, LLC		MeriStar Sub 7G, LLC	MeriStar Sub 6B, LLC		MeriStar Sub 4I, L.P.	MeriStar Sub 5D, LLC		MeriStar Sub 5H, LLC
Assets
Property and equipment	20,345		71,139		—	56,581		—	12,452		—	42,765		—
Accumulated depreciation	(4,679	)	(15,872	)	—	(12,272	)	—	(2,931	)	—	(10,516	)	—
	15,666		55,267		—	44,309		—	9,521		—	32,249		—
Assets held for sale	—		—		—	—		—	—		—	—		—
Investments in and advances to unconsolidated affiliates	—		—		—	—		—	—		—	51,368		—
Due to/from subsidiaries	11,771		27,732		—	31,813		2,370	3,201		—	(6,141	)	—
Note receivable from subsidiaries	—		—		—	—		—	—		—	—		—
Prepaid expenses and other assets	10		—		—	77		—	—		—	17		—
Insurance claim receivable	—		—		—	—		—	—		—	—		—
Accounts receivable, net of allowance for doubtful accounts	—		—		—	1,300		—	—		—	—		—
Restricted cash	—		—		—	—		—	—		—	—		—
Cash and cash equivalents	—		—		—	—		—	—		—	—		—
	27,447		82,999		—	77,499		2,370	12,722		—	77,493		—
Liabilities and Partners’ capital
Debt	—		3,182		—	2,482		—	—		—	24,000		—
Notes payable to MeriStar Hospitality Corporation	—		—		—	—		—	—		—	—		—
Accounts payable and accrued expenses	120		231		—	2,972		—	(118	)	—	404		—
Accrued interest	—		—		—	—		—	—		—	—		—
Due to Interstate Hotels & Resorts	—		—		—	(200	)	—	—		—	—		—
Other liabilities	—		—		—	—		—	—		—	—		—
Total liabilities	120		3,413		—	5,254		—	(118	)	—	24,404		—
Minority interests	—		—		—	—		—	—		—	—		—
Redeemable OP units at redemption value	—		—		—	—		—	—		—	—		—
Partners’ capital	27,327		79,586		—	72,245		2,370	12,840		—	53,089		—
	27,447		82,999		—	77,499		2,370	12,722		—	77,493		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 7H, LLC	AGH PSS I, Inc.	MeriStar Sub 2D, LLC	MeriStar Sub 4F, L.P.		MeriStar Sub 5K, LLC	MeriStar Sub 5M, LLC		MeriStar Sub 1E, L.P.	MeriStar Sub 5O, LLC		MeriStar Sub 4B, L.P.
Assets
Property and equipment	—	—	—	36,222		—	21,957		—	8,767		—
Accumulated depreciation	—	—	—	(7,718	)	—	(1,463	)	—	(710	)	—
	—	—	—	28,504		—	20,494		—	8,057		—
Assets held for sale	—	—	—	—		—	—		—	—		—
Investments in and advances to unconsolidated affiliates	—	—	—	—		—	—		—	—		—
Due to/from subsidiaries	—	—	—	4,411		21,531	8,503		—	3,017		—
Note receivable from subsidiaries	—	—	—	—		—	—		—	—		—
Prepaid expenses and other assets	—	—	—	33		—	—		—	—		—
Insurance claim receivable	—	—	—	—		—	—		—	—		—
Accounts receivable, net of allowance for doubtful accounts	—	—	—	—		—	—		—	—		—
Restricted cash	—	—	—	—		—	—		—	—		—
Cash and cash equivalents	—	—	—	—		—	—		—	—		—
	—	—	—	32,948		21,531	28,997		—	11,074		—
Liabilities and Partners’ capital
Debt	—	—	—	—		—	—		—	—		—
Notes payable to MeriStar Hospitality Corporation	—	—	—	—		—	—		—	—		—
Accounts payable and accrued expenses	—	—	—	200		—	155		—	55		—
Accrued interest	—	—	—	—		—	—		—	—		—
Due to Interstate Hotels & Resorts	—	—	—	—		—	—		—	—		—
Other liabilities	—	—	—	—		—	—		—	—		—
Total liabilities	—	—	—	200		—	155		—	55		—
Minority interests	—	—	—	—		—	—		—	—		—
Redeemable OP units at redemption value	—	—	—	—		—	—		—	—		—
Partners’ capital	—	—	—	32,748		21,531	28,842		—	11,019		—
	—	—	—	32,948		21,531	28,997		—	11,074		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 2C, LLC		MeriStar Sub 4G, L.P.		MeriStar Sub 3B, LLC	MeriStar Sub 5G, L.P.		MeriStar Sub 5N, LLC		MeriStar Sub 5P, LLC		MeriStar Sub 5J, LLC		MeriStar Sub 5Q, LLC		MeriStar Sub 5A, LLC
Assets
Property and equipment	—		—		—	175,401		4,925		39		97,991		15,298		38,077
Accumulated depreciation	—		(1	)	—	(40,291	)	(347	)	(31	)	(17,551	)	(1,807	)	(12,567	)
	—		(1	)	—	135,110		4,578		8		80,440		13,491		25,510
Assets held for sale	—		—		—	—		—		—		—		—		—
Investments in and advances to unconsolidated affiliates	—		—		—	—		—		—		—		—		4,627
Due to/from subsidiaries	(2,360	)	16,930		—	46,573		3,793		4,174		32,684		7,267		10,122
Note receivable from subsidiaries	—		—		—	—		—		—		—		—		—
Prepaid expenses and other assets	—		—		—	290		—		—		138		—		—
Insurance claim receivable	—		—		—	—		—		—		—		—		—
Accounts receivable, net of allowance for doubtful accounts	—		—		—	—		—		38		—		—		—
Restricted cash	—		—		—	—		—		—		—		—		—
Cash and cash equivalents	—		—		—	—		—		—		—		—		—
	(2,360	)	16,929		—	181,973		8,371		4,220		113,262		20,758		40,259
Liabilities and Partners’ capital
Debt	—		—		—	—		—		—		—		—		23,609
Notes payable to MeriStar Hospitality Corporation	—		—		—	—		—		—		—		—		—
Accounts payable and accrued expenses	—		—		—	840		68		—		615		75		637
Accrued interest	—		—		—	—		—		—		—		—		—
Due to Interstate Hotels & Resorts	—		—		—	—		—		—		—		—		—
Other liabilities	—		—		—	—		—		—		—		—		—
Total liabilities	—		—		—	840		68		—		615		75		24,246
Minority interests	—		—		—	—		—		—		—		—		—
Redeemable OP units at redemption value	—		—		—	—		—		—		—		—		—
Partners’ capital	(2,360	)	16,929		—	181,133		8,303		4,220		112,647		20,683		16,013
	(2,360	)	16,929		—	181,973		8,371		4,220		113,262		20,758		40,259

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 8D, LLC	MeriStar Sub 4J, LLC		MeriStar Sub 6K, LLC	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC	MeriStar Sub 6A, LLC
Assets
Property and equipment	—	44,677		—	—	—	—	—	—	—
Accumulated depreciation	—	(9,383	)	—	—	—	—	—	—	—
	—	35,294		—	—	—	—	—	—	—
Assets held for sale	—	—		—	—	—	—	—	—	—
Investments in and advances to unconsolidated affiliates	—	—		—	—	—	—	—	—	—
Due to/from subsidiaries	—	7,002		—	—	—	—	—	—	—
Note receivable from subsidiaries	—	—		—	—	—	—	—	—	—
Prepaid expenses and other assets	—	—		—	—	—	—	—	—	—
Insurance claim receivable	—	—		—	—	—	—	—	—	—
Accounts receivable, net of allowance for doubtful accounts	—	(15	)	—	—	—	—	—	—	—
Restricted cash	—	—		—	—	—	—	—	—	—
Cash and cash equivalents	—	—		—	—	—	—	—	—	—
	—	42,281		—	—	—	—	—	—	—
Liabilities and Partners’ capital
Debt	—	1,806		—	—	—	—	—	—	—
Notes payable to MeriStar Hospitality Corporation	—	—		—	—	—	—	—	—	—
Accounts payable and accrued expenses	—	242		—	—	—	—	—	—	—
Accrued interest	—	—		—	—	—	—	—	—	—
Due to Interstate Hotels & Resorts	—	—		—	—	—	—	—	—	—
Other liabilities	—	—		—	—	—	—	—	—	—
Total liabilities	—	2,048		—	—	—	—	—	—	—
Minority interests	—	—		—	—	—	—	—	—	—
Redeemable OP units at redemption value	—	—		—	—	—	—	—	—	—
Partners’ capital	—	40,233		—	—	—	—	—	—	—
	—	42,281		—	—	—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Consolidation Eliminations		Total Consolidated
Assets
Property and equipment	—	3,316		1,040,761		—		2,569,041
Accumulated depreciation	—	(3,384	)	(207,371	)	—		(513,559	)
	—	(68	)	833,390		—		2,055,482
Assets held for sale	—	—		—		—		23,058
Investments in and advances to unconsolidated affiliates	—	42,328		101,459		(2,389,489	)	71,465
Due to/from subsidiaries	—	69,102		551,746		—		—
Note receivable from subsidiaries	—	—		—		(282,704	)	—
Prepaid expenses and other assets	—	7,863		9,352		—		35,969
Insurance claim receivable	—	—		—		—		37,070
Accounts receivable, net of allowance for doubtful accounts	—	39,542		41,310		(20,321	)	41,922
Restricted cash	—	2,468		5,500		—		18,839
Cash and cash equivalents	—	20,917		20,917		—		35,289
	—	182,152		1,563,674		(2,692,514	)	2,319,094
Liabilities and Partners’ capital
Debt	—	235,095		332,464		(282,704	)	1,443,982
Notes payable to MeriStar Hospitality Corporation	—	—		—		—		170,000
Accounts payable and accrued expenses	—	48,607		56,148		—		77,486
Accrued interest	—	20,321		20,504		(20,321	)	29,733
Due to Interstate Hotels & Resorts	—	4,051		3,851		—		16,881
Other liabilities	—	6,703		6,917		—		7,618
Total liabilities	—	314,777		419,884		(303,025	)	1,745,700
Minority interests	—	—		—		—		2,382
Redeemable OP units at redemption value	—	—		—		—		20,620
Partners’ capital	—	(132,625	)	1,143,790		(2,389,489	)	550,392
	—	182,152		1,563,674		(2,692,514	)	2,319,094

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non-Guarantor Subsidiaries		MeriStar Sub 7C, LLC	MeriStar Sub 8G, LLC	AGH Upreit, LLC	MeriStar Sub 6H, L.P.		MeriStar Sub 8F, L.P.		MeriStar Sub 8B, LLC		MeriStar Sub 1C, LLC		MeriStar Sub 8E, LLC		MeriStar Sub 7F, LLC		MeriStar Sub 5L, LLC
Assets
Property and equipment	216,063		1,376,454		—	—	—	10,885		13,687		88,943		27,485		16,028		10,034		11,800
Accumulated depreciation	(51,424	)	(253,348	)	—	—	—	(783	)	(3,179	)	(14,741	)	(7,319	)	(3,618	)	(413	)	(723	)
	164,639		1,123,106		—	—	—	10,102		10,508		74,202		20,166		12,410		9,621		11,077
Assets held for sale	—		—		—	—	—	—		—		—		—		—		—		—
Investments in and advances to unconsolidated affiliates	2,492,499		17,479		32	72	2,989	—		—		—		—		—		—		—
Due to/from subsidiaries	(953,735	)	429,669		—	9	73	7,830		6,748		31,376		(4,175	)	7,517		3,135		5,022
Note receivable from subsidiaries	221,704		—		—	—	—	—		—		—		—		—		—		—
Prepaid expenses and other assets	30,645		(2,733	)	—	—	—	(11	)	(81	)	(101	)	(190	)	(26	)	(12	)	(77	)
Insurance claim receivable	76,056		—		—	—	—	—		—		—		—		—		—		—
Accounts receivable, net of allowance for doubtful accounts	9,356		933		—	—	—	—		—		—		—		—		—		—
Restricted cash	55,754		1,346		—	—	—	—		—		—		—		—		—		—
Cash and cash equivalents	41,224		—		—	—	—	—		—		—		—		—		—		—
	2,138,142		1,569,800		32	81	3,062	17,921		17,175		105,477		15,801		19,901		12,744		16,022
Liabilities and Partners’ capital
Debt	841,976		527,290		—	—	—	—		—		—		—		—		—		—
Notes payable to MeriStar Hospitality Corporation	203,977		—		—	—	—	—		—		—		—		—		—		—
Accounts payable and accrued expenses	14,892		5,286		—	—	—	—		6		—		59		—		153		1
Accrued interest	38,682		2,483		—	—	—	—		—		—		—		—		—		—
Due to Interstate Hotels & Resorts	11,347		—		—	—	—	—		—		—		—		—		—		—
Other liabilities	5,382		—		—	—	—	—		—		—		—		—		—		—
Total liabilities	1,116,256		535,059		—	—	—	—		6		—		59		—		153		1
Minority interests	2,418		—		—	—	—	—		—		—		—		—		—		—
Redeemable OP units at redemption value	19,187		—		—	—	—	—		—		—		—		—		—		—
Partners’ capital	1,000,281		1,034,741		32	81	3,062	17,921		17,169		105,477		15,742		19,901		12,591		16,021
	2,138,142		1,569,800		32	81	3,062	17,921		17,175		105,477		15,801		19,901		12,744		16,022

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)

	MeriStar Sub 3C, LLC		MeriStar Sub 5R, LLC		MeriStar Sub 8A, LLC	MeriStar Sub 6D, LLC		MeriStar Sub 6E, LLC		MeriStar Sub 4E, L.P.		MeriStar Sub 1B, LLC		MeriStar Sub 5F, L.P.		MeriStar Sub 6G, LLC		MeriStar Sub 8C, LLC	MeriStar Sub 4C, L.P.	MeriStar Sub 4H, L.P.
Assets
Property and equipment	17,581		—		—	18,367		49,971		—		20,404		18,560		24,167		—	—	1
Accumulated depreciation	(4,384	)	—		—	(3,377	)	(11,560	)	(1	)	(4,557	)	(591	)	(5,738	)	—	—	—
	13,197		—		—	14,990		38,411		(1	)	15,847		17,969		18,429		—	—	1
Assets held for sale	—		—		—	—		—		—		—		—		—		—	—	—
Investments in and advances to unconsolidated affiliates	—		43		—	—		—		—		—		—		—		—	—	—
Due to/from subsidiaries	6,581		(43	)	—	9,328		22,758		7,015		15,571		12,510		8,688		11,439	—	3,413
Note receivable from subsidiaries	—		—		—	—		—		—		—		—		—		—	—	—
Prepaid expenses and other assets	2		—		—	(21	)	(93	)	—		(83	)	(178	)	(35	)	—	—	—
Insurance claim receivable	—		—		—	—		—		—		—		—		—		—	—	—
Accounts receivable, net of allowance for doubtful accounts	—		—		—	124		—		64		96		—		—		—	—	—
Restricted cash	—		—		—	—		—		—		—		—		—		—	—	—
Cash and cash equivalents	—		—		—	—		—		—		—		—		—		—	—	—
	19,780		—		—	24,421		61,076		7,078		31,431		30,301		27,082		11,439	—	3,414
Liabilities and Partners’ capital
Debt	—		—		—	—		—		—		33		—		—		—	—	—
Notes payable to MeriStar Hospitality Corporation	—		—		—	—		—		—		—		—		—		—	—	—
Accounts payable and accrued expenses	211		—		—	(21	)	(20	)	5		(7	)	(4	)	61		—	—	—
Accrued interest	—		—		—	—		—		—		—		—		—		—	—	—
Due to Interstate Hotels & Resorts	—		—		—	—		—		—		—		—		—		—	—	—
Other liabilities	—		—		—	—		—		—		—		—		—		—	—	—
Total liabilities	211		—		—	(21	)	(20	)	5		26		(4	)	61		—	—	—
Minority interests	—		—		—	—		—		—		—		—		—		—	—	—
Redeemable OP units at redemption value	—		—		—	—		—		—		—		—		—		—	—	—
Partners’ capital	19,569		—		—	24,442		61,096		7,073		31,405		30,305		27,021		11,439	—	3,414
	19,780		—		—	24,421		61,076		7,078		31,431		30,301		27,082		11,439	—	3,414

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)

	MeriStar Sub 7E, LLC		MeriStar Sub 3D, LLC		MeriStar Sub 1A, LLC		MeriStar Sub 7A Joint Venture		MeriStar Sub 2B, LLC	MeriStar Sub 3A, LLC	MeriStar Sub 4A, LLC	MeriStar Sub 4D, LLC	MeriStar Sub 2A, LLC	MeriStar Sub 6L, LLC	MDV Limited Partnership		MeriStar Sub 5C, LLC
Assets
Property and equipment	20,118		22,986		5,500		—		—	—	—	—	—	—	3,955		—
Accumulated depreciation	(3,974	)	(7,740	)	(2	)	—		—	—	—	—	—	—	(840	)	—
	16,144		15,246		5,498		—		—	—	—	—	—	—	3,115		—
Assets held for sale	—		—		—		—		—	—	—	—	—	—	—		—
Investments in and advances to unconsolidated affiliates	—		—		—		—		—	—	—	—	—	—	—		—
Due to/from subsidiaries	6,024		9,411		8,518		9,944		—	4,976	7,612	—	—	20,297	2,879		—
Note receivable from subsidiaries	—		—		—		—		—	—	—	—	—	—	—		—
Prepaid expenses and other assets	(22	)	(43	)	(96	)	—		—	—	—	—	—	—	(24	)	—
Insurance claim receivable	—		—		—		—		—	—	—	—	—	—	—		—
Accounts receivable, net of allowance for doubtful accounts	—		—		—		(44	)	—	—	—	—	—	178	—		—
Restricted cash	—		—		—		—		—	—	—	—	—	—	—		—
Cash and cash equivalents	—		—		—		—		—	—	—	—	—	—	—		—
	22,146		24,614		13,920		9,900		—	4,976	7,612	—	—	20,475	5,970		—
Liabilities and Partners’ capital
Debt	—		—		—		—		—	—	—	—	—	—	—		—
Notes payable to MeriStar Hospitality Corporation	—		—		—		—		—	—	—	—	—	—	—		—
Accounts payable and accrued expenses	88		—		2		—		—	—	—	—	—	—	75		—
Accrued interest	—		—		—		—		—	—	—	—	—	—	—		—
Due to Interstate Hotels & Resorts	—		—		—		—		—	—	—	—	—	—	—		—
Other liabilities	—		—		—		—		—	—	—	—	—	—	—		—
Total liabilities	88		—		2		—		—	—	—	—	—	—	75		—
Minority interests	—		—		—		—		—	—	—	—	—	—	—		—
Redeemable OP units at redemption value	—		—		—		—		—	—	—	—	—	—	—		—
Partners’ capital	22,058		24,614		13,918		9,900		—	4,976	7,612	—	—	20,475	5,895		—
	22,146		24,614		13,920		9,900		—	4,976	7,612	—	—	20,475	5,970		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)

	MeriStar Sub 6J, LLC		MeriStar Sub 1D, L.P.		MeriStar Sub 7B, L.P.		MeriStar Sub 7D, LLC		MeriStar Sub 7G, LLC	MeriStar Sub 6B, LLC		MeriStar Sub 4I, L.P.	MeriStar Sub 5D, LLC		MeriStar Sub 5H, LLC	MeriStar Sub 7H, LLC	AGH PSS I, Inc.	MeriStar Sub 2D, LLC
Assets
Property and equipment	19,976		69,500		—		55,081		—	11,877		—	42,467		—	—	—	—
Accumulated depreciation	(4,320	)	(14,321	)	—		(11,258	)	—	(2,636	)	—	(9,533	)	—	—	—	—
	15,656		55,179		—		43,823		—	9,241		—	32,934		—	—	—	—
Assets held for sale	—		—		—		—		—	—		—	—		—	—	—	—
Investments in and advances to unconsolidated affiliates	—		—		—		—		—	—		—	51,368		—	—	—	—
Due to/from subsidiaries	9,835		22,849		(262	)	26,640		2,370	2,976		—	(6,151	)	—	—	—	—
Note receivable from subsidiaries	—		—		—		—		—	—		—	—		—	—	—	—
Prepaid expenses and other assets	(6	)	(550	)	—		46		—	(14	)	—	(77	)	—	—	—	—
Insurance claim receivable	—		—		—		—		—	—		—	—		—	—	—	—
Accounts receivable, net of allowance for doubtful accounts	—		—		—		1,169		—	—		—	—		—	—	—	—
Restricted cash	—		—		—		—		—	—		—	—		—	—	—	—
Cash and cash equivalents	—		—		—		—		—	—		—	—		—	—	—	—
	25,485		77,478		(262	)	71,678		2,370	12,203		—	78,074		—	—	—	—
Liabilities and Partners’ capital
Debt	—		—		—		—		—	—		—	24,000		—	—	—	—
Notes payable to MeriStar Hospitality Corporation	—		—		—		—		—	—		—	—		—	—	—	—
Accounts payable and accrued expenses	59		—		—		2,381		—	(125	)	—	165		—	—	—	—
Accrued interest	—		—		—		—		—	—		—	—		—	—	—	—
Due to Interstate Hotels & Resorts	—		—		—		(200	)	—	—		—	—		—	—	—	—
Other liabilities	—		—		—		—		—	—		—	—		—	—	—	—
Total liabilities	59		—		—		2,181		—	(125	)	—	24,165		—	—	—	—
Minority interests	—		—		—		—		—	—		—	—		—	—	—	—
Redeemable OP units at redemption value	—		—		—		—		—	—		—	—		—	—	—	—
Partners’ capital	25,426		77,478		(262	)	69,497		2,370	12,328		—	53,909		—	—	—	—
	25,485		77,478		(262	)	71,678		2,370	12,203		—	78,074		—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)

	MeriStar Sub 4F, L.P.		MeriStar Sub 5K, LLC	MeriStar Sub 5M, LLC		MeriStar Sub 1E, L.P.	MeriStar Sub 5O, LLC		MeriStar Sub 4B, L.P.	MeriStar Sub 2C, LLC		MeriStar Sub 4G, L.P.		MeriStar Sub 3B, LLC	MeriStar Sub 5G, L.P.		MeriStar Sub 5N, LLC		MeriStar Sub 5P, LLC
Assets
Property and equipment	35,341		—	18,969		—	7,263		—	—		—		—	168,827		3,580		39
Accumulated depreciation	(6,923	)	—	(1,607	)	—	(844	)	—	—		(1	)	—	(35,721	)	(448	)	(28	)
	28,418		—	17,362		—	6,419		—	—		(1	)	—	133,106		3,132		11
Assets held for sale	—		—	—		—	—		—	—		—		—	—		—		—
Investments in and advances to unconsolidated affiliates	—		—	—		—	—		—	—		—		—	—		—		—
Due to/from subsidiaries	4,108		21,531	10,741		—	4,524		1,728	(2,360	)	16,930		—	45,208		4,988		3,724
Note receivable from subsidiaries	—		—	—		—	—		—	—		—		—	—		—		—
Prepaid expenses and other assets	(10	)	—	(118	)	—	(39	)	—	—		—		—	(394	)	(45	)	(10	)
Insurance claim receivable	—		—	—		—	—		—	—		—		—	—		—		—
Accounts receivable, net of allowance for doubtful accounts	—		—	—		—	—		—	—		—		—	—		—		38
Restricted cash	—		—	—		—	—		—	—		—		—	—		—		—
Cash and cash equivalents	—		—	—		—	—		—	—		—		—	—		—		—
	32,516		21,531	27,985		—	10,904		1,728	(2,360	)	16,929		—	177,920		8,075		3,763
Liabilities and Partners’ capital
Debt	—		—	—		—	—		—	—		—		—	—		—		—
Notes payable to MeriStar Hospitality Corporation	—		—	—		—	—		—	—		—		—	—		—		—
Accounts payable and accrued expenses	334		—	—		—	—		—	—		—		—	—		4		—
Accrued interest	—		—	—		—	—		—	—		—		—	—		—		—
Due to Interstate Hotels & Resorts	—		—	—		—	—		—	—		—		—	—		—		—
Other liabilities	—		—	—		—	—		—	—		—		—	—		—		—
Total liabilities	334		—	—		—	—		—	—		—		—	—		4		—
Minority interests	—		—	—		—	—		—	—		—		—	—		—		—
Redeemable OP units at redemption value	—		—	—		—	—		—	—		—		—	—		—		—
Partners’ capital	32,182		21,531	27,985		—	10,904		1,728	(2,360	)	16,929		—	177,920		8,071		3,763
	32,516		21,531	27,985		—	10,904		1,728	(2,360	)	16,929		—	177,920		8,075		3,763

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)

	MeriStar Sub 5J, LLC		MeriStar Sub 5Q, LLC		MeriStar Sub 5A, LLC		MeriStar Sub 8D, LLC	MeriStar Sub 4J, LLC		MeriStar Sub 6K, LLC	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC	MeriStar Sub 6A, LLC
Assets
Property and equipment	79,579		13,980		37,074		—	41,862		—	—	—	—	—	—	—
Accumulated depreciation	(14,819	)	(2,312	)	(11,767	)	—	(8,398	)	—	—	—	—	—	—	—
	64,760		11,668		25,307		—	33,464		—	—	—	—	—	—	—
Assets held for sale	—		—		—		—	—		—	—	—	—	—	—	—
Investments in and advances to unconsolidated affiliates	—		—		4,627		—	—		—	—	—	—	—	—	—
Due to/from subsidiaries	51,127		8,187		8,010		16,379	6,370		—	—	—	—	—	—	—
Note receivable from subsidiaries	—		—		—		—	—		—	—	—	—	—	—	—
Prepaid expenses and other assets	(769	)	(137	)	(78	)	—	(51	)	—	—	—	—	—	—	—
Insurance claim receivable	—		—		—		—	—		—	—	—	—	—	—	—
Accounts receivable, net of allowance for doubtful accounts	—		—		—		359	(14	)	—	—	—	—	—	—	—
Restricted cash	—		—		—		—	—		—	—	—	—	—	—	—
Cash and cash equivalents	—		—		—		—	—		—	—	—	—	—	—	—
	115,118		19,718		37,866		16,738	39,769		—	—	—	—	—	—	—
Liabilities and Partners’ capital
Debt	—		—		23,609		—	—		—	—	—	—	—	—	—
Notes payable to MeriStar Hospitality Corporation	—		—		—		—	—		—	—	—	—	—	—	—
Accounts payable and accrued expenses	126		(18	)	114		—	152		—	—	—	—	—	— ��	—
Accrued interest	—		—		—		—	—		—	—	—	—	—	—	—
Due to Interstate Hotels & Resorts	—		—		—		—	—		—	—	—	—	—	—	—
Other liabilities	—		—		—		—	—		—	—	—	—	—	—	—
Total liabilities	126		(18	)	23,723		—	152		—	—	—	—	—	—	—
Minority interests	—		—		—		—	—		—	—	—	—	—	—	—
Redeemable OP units at redemption value	—		—		—		—	—		—	—	—	—	—	—	—
Partners’ capital	114,992		19,736		14,143		16,738	39,617		—	—	—	—	—	—	—
	115,118		19,718		37,866		16,738	39,769		—	—	—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Balance Sheet

December 31, 2004

(Dollars in thousands)

	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Consolidation Eliminations		Total Consolidated
Assets
Property and equipment	—	3,316		989,203		—		2,581,720
Accumulated depreciation	—	(3,384	)	(201,860	)	—		(506,632	)
	—	(68	)	787,343		—		2,075,088
Assets held for sale	—	—		—		—		—
Investments in and advances to unconsolidated affiliates	—	42,290		101,421		(2,526,603	)	84,796
Due to/from subsidiaries	—	40,158		524,066		—		—
Note receivable from subsidiaries	—	—		—		(221,704	)	—
Prepaid expenses and other assets	—	9,661		6,318		—		34,230
Insurance claim receivable	—	—		—		—		76,056
Accounts receivable, net of allowance for doubtful accounts	—	30,134		32,104		(9,414	)	32,979
Restricted cash	—	1,313		1,313		—		58,413
Cash and cash equivalents	—	19,309		19,309		—		60,533
	—	142,797		1,471,874		(2,757,721	)	2,422,095
Liabilities and Partners’ capital
Debt	—	174,095		221,737		(221,704	)	1,369,299
Notes payable to MeriStar Hospitality Corporation	—	—		—		—		203,977
Accounts payable and accrued expenses	—	47,802		51,603		—		71,781
Accrued interest	—	9,414		9,414		(9,414	)	41,165
Due to Interstate Hotels & Resorts	—	10,652		10,452		—		21,799
Other liabilities	—	6,171		6,171		—		11,553
Total liabilities	—	248,134		299,377		(231,118	)	1,719,574
Minority interests	—	—		—		—		2,418
Redeemable OP units at redemption value	—	—		—		—		19,187
Partners’ capital	—	(105,337	)	1,172,497		(2,526,603	)	680,916
	—	142,797		1,471,874		(2,757,721	)	2,422,095

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non-Guarantor Subsidiaries		MeriStar Sub 7C, LLC	MeriStar Sub 8G, LLC	AGH Upreit, LLC	MeriStar Sub 6H, L.P.	MeriStar Sub 8F, L.P.	MeriStar Sub 8B, LLC	MeriStar Sub 1C, LLC		MeriStar Sub 8E, LLC		MeriStar Sub 7F, LLC		MeriStar Sub 5L, LLC
Revenue:
Hotel operations:
Rooms	—		—		—	—	—	—	—	—	—		—		—		—
Food and beverage	—		—		—	—	—	—	—	—	—		—		—		—
Other hotel operations	—		—		—	—	—	—	—	—	—		—		—		—
Office rental, parking and other revenue	51		639		—	—	—	—	—	—	—		8		—		—
Participating lease revenue	2,865		35,507		—	—	—	309	711	1,934	265		385		362		189
Total revenue	2,916		36,146		—	—	—	309	711	1,934	265		393		362		189
Hotel operating expenses:
Rooms	—		—		—	—	—	—	—	—	—		—		—		—
Food and beverage	—		—		—	—	—	—	—	—	—		—		—		—
Other hotel operating expenses	—		—		—	—	—	—	—	—	—		—		—		—
Office rental, parking and other expenses	—		301		—	—	—	—	—	—	—		—		—		—
Other operating expenses:
General and administrative, hotel	2		21		—	—	—	—	—	—	—		—		—		—
General and administrative, corporate	3,968		—		—	—	—	—	—	—	—		—		—		—
Property operating costs	—		—		—	—	—	—	—	—	—		—		—		—
Depreciation and amortization	3,541		14,131		—	—	—	133	152	542	301		137		110		40
Property taxes, insurance and other	1,529		4,813		—	—	—	24	227	18	161		40		30		41
Loss on asset impairments	621		34,181		—	—	—	—	—	—	1,580		—		—		—
Contract termination costs	—		—		—	—	—	—	—	—	—		—		—		—
Operating expenses	9,661		53,447		—	—	—	157	379	560	2,042		177		140		81
Equity in income/loss of and interest earned from unconsolidated affiliates	1,245		—		—	—	—	—	—	—	—		—		—		—
Hurricane business interruption insurance gain	—		—		—	—	—	—	—	—	—		—		—		—
Operating (loss) income	(5,500	)	(17,301	)	—	—	—	152	332	1,374	(1,777	)	216		222		108
Minority interest income	34		—		—	—	—	—	—	—	—		—		—		—
Interest expense, net	(14,353	)	(10,068	)	—	—	—	—	—	—	—		(11	)	(12	)	—
Loss on early extinguishments of debt	(10,662	)	(43,503	)	—	—	—	—	—	—	—		—		—		—
Equity in income from consolidated entities	(88,087	)	—		—	—	—	—	—	—	—		—		—		—
(Loss) income before income taxes and discontinued operations	(118,568	)	(70,872	)	—	—	—	152	332	1,374	(1,777	)	205		210		108
Income tax expense	(16	)	—		—	—	—	—	—	—	—		—		—		—
(Loss) income from continuing operations	(118,584	)	(70,872	)	—	—	—	152	332	1,374	(1,777	)	205		210		108
Discontinued operations:
(Loss) income from discontinued operations before income tax	461		(3,391	)	—	—	—	—	—	—	—		—		—		—
Income tax (expense) benefit	—		—		—	—	—	—	—	—	—		—		—		—
(Loss) income from discontinued operations	461		(3,391	)	—	—	—	—	—	—	—		—		—		—
Net (loss) income	(118,123	)	(74,263	)	—	—	—	152	332	1,374	(1,777	)	205		210		108

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 3C, LLC		MeriStar Sub 5R, LLC	MeriStar Sub 8A, LLC	MeriStar Sub 6D, LLC	MeriStar Sub 6E, LLC		MeriStar Sub 4E, L.P.	MeriStar Sub 1B, LLC		MeriStar Sub 5F, L.P.	MeriStar Sub 6G, LLC	MeriStar Sub 8C, LLC	MeriStar Sub 4C, L.P.	MeriStar Sub 4H, L.P.
Revenue:
Hotel operations:
Rooms	—		—	—	—	—		—	—		—	—	—	—	—
Food and beverage	—		—	—	—	—		—	—		—	—	—	—	—
Other hotel operations	—		—	—	—	—		—	—		—	—	—	—	—
Office rental, parking and other revenue	1		—	—	18	—		—	—		—	—	—	—	—
Participating lease revenue	411		—	—	678	1,740		—	681		445	1,019	—	—	—
Total revenue	412		—	—	696	1,740		—	681		445	1,019	—	—	—
Hotel operating expenses:
Rooms	—		—	—	—	—		—	—		—	—	—	—	—
Food and beverage	—		—	—	—	—		—	—		—	—	—	—	—
Other hotel operating expenses	—		—	—	—	—		—	—		—	—	—	—	—
Office rental, parking and other expenses	—		—	—	—	—		—	—		—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—		—	—	—	—		—	—		—	2	—	—	—
General and administrative, corporate	—		—	—	—	—		—	—		—	—	—	—	—
Property operating costs	—		—	—	—	—		—	—		—	—	—	—	—
Depreciation and amortization	154		—	—	110	416		—	174		154	173	—	—	—
Property taxes, insurance and other	96		—	—	78	141		—	47		118	100	—	—	—
Loss on asset impairments	—		—	—	—	—		—	—		—	—	—	—	—
Contract termination costs	—		—	—	—	—		—	—		—	—	—	—	—
Operating expenses	250		—	—	188	557		—	221		272	275	—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—		—	—	—	—		—	—		—	—	—	—	—
Hurricane business interruption insurance gain	—		—	—	—	—		—	—		—	—	—	—	—
Operating (loss) income	162		—	—	508	1,183		—	460		173	744	—	—	—
Minority interest income	—		—	—	—	—		—	—		—	—	—	—	—
Interest expense, net	(21	)	—	—	—	(532	)	—	(41	)	—	—	—	—	—
Loss on early extinguishments of debt	—		—	—	—	—		—	—		—	—	—	—	—
Equity in income from consolidated entities	—		—	—	—	—		—	—		—	—	—	—	—
(Loss) income before income taxes and discontinued operations	141		—	—	508	651		—	419		173	744	—	—	—
Income tax expense	—		—	—	—	—		—	—		—	—	—	—	—
(Loss) income from continuing operations	141		—	—	508	651		—	419		173	744	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—		—	—	—	—		—	—		—	—	—	—	—
Income tax (expense) benefit	—		—	—	—	—		—	—		—	—	—	—	—
(Loss) income from discontinued operations	—		—	—	—	—		—	—		—	—	—	—	—
Net (loss) income	141		—	—	508	651		—	419		173	744	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 7E, LLC	MeriStar Sub 3D, LLC		MeriStar Sub 1A, LLC	MeriStar Sub 7A Joint Venture	MeriStar Sub 2B, LLC	MeriStar Sub 3A, LLC	MeriStar Sub 4A, LLC	MeriStar Sub 4D, LLC	MeriStar Sub 2A, LLC	MeriStar Sub 6L, LLC	MDV Limited Partnership	MeriStar Sub 5C, LLC
Revenue:
Hotel operations:
Rooms	—	—		—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—	—	—	—	—	—	—	—	—
Other hotel operations	—	—		—	—	—	—	—	—	—	—	—	—
Office rental, parking and other revenue	—	—		—	—	—	—	—	—	—	—	—	—
Participating lease revenue	358	436		—	—	—	—	—	—	—	—	84	—
Total revenue	358	436		—	—	—	—	—	—	—	—	84	—
Hotel operating expenses:
Rooms	—	—		—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—	—	—	—	—	—	—	—	—
Other hotel operating expenses	—	—		—	—	—	—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—		—	—	—	—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	—		—	—	—	—	—	—	—	—	—	—
General and administrative, corporate	—	—		—	—	—	—	—	—	—	—	—	—
Property operating costs	—	—		—	—	—	—	—	—	—	—	—	—
Depreciation and amortization	158	158		—	—	—	—	—	—	—	—	43	—
Property taxes, insurance and other	50	48		—	—	—	—	—	—	—	—	32	—
Loss on asset impairments	—	3,961		—	—	—	—	—	—	—	—	—	—
Contract termination costs	—	—		—	—	—	—	—	—	—	—	—	—
Operating expenses	208	4,167		—	—	—	—	—	—	—	—	75	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—	—	—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—		—	—	—	—	—	—	—	—	—	—
Operating (loss) income	150	(3,731	)	—	—	—	—	—	—	—	—	9	—
Minority interest income	—	—		—	—	—	—	—	—	—	—	—	—
Interest expense, net	—	—		—	—	—	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—		—	—	—	—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	150	(3,731	)	—	—	—	—	—	—	—	—	9	—
Income tax expense	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income from continuing operations	150	(3,731	)	—	—	—	—	—	—	—	—	9	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		42	—	—	—	—	—	—	—	—	—
Income tax (expense) benefit	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—		42	—	—	—	—	—	—	—	—	—
Net (loss) income	150	(3,731	)	42	—	—	—	—	—	—	—	9	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 6J, LLC	MeriStar Sub 1D, L.P.		MeriStar Sub 7B, L.P.	MeriStar Sub 7D, LLC		MeriStar Sub 7G, LLC	MeriStar Sub 6B, LLC	MeriStar Sub 4I, L.P.	MeriStar Sub 5D, LLC		MeriStar Sub 5H, LLC	MeriStar Sub 7H, LLC	AGH PSS I, Inc.	MeriStar Sub 2D, LLC
Revenue:
Hotel operations:
Rooms	—	—		—	—		—	—	—	—		—	—	—	—
Food and beverage	—	—		—	—		—	—	—	—		—	—	—	—
Other hotel operations	—	—		—	—		—	—	—	—		—	—	—	—
Office rental, parking and other revenue	—	95		—	854		—	—	—	—		—	—	—	—
Participating lease revenue	782	1,731		—	1,516		—	354	—	428		—	—	—	—
Total revenue	782	1,826		—	2,370		—	354	—	428		—	—	—	—
Hotel operating expenses:
Rooms	—	—		—	—		—	—	—	—		—	—	—	—
Food and beverage	—	—		—	—		—	—	—	—		—	—	—	—
Other hotel operating expenses	—	—		—	—		—	—	—	—		—	—	—	—
Office rental, parking and other expenses	—	37		—	458		—	—	—	—		—	—	—	—
Other operating expenses:
General and administrative, hotel	—	—		—	—		—	—	—	—		—	—	—	—
General and administrative, corporate	—	—		—	—		—	—	—	—		—	—	—	—
Property operating costs	—	—		—	—		—	—	—	—		—	—	—	—
Depreciation and amortization	120	508		—	365		—	93	—	306		—	—	—	—
Property taxes, insurance and other	76	381		—	552		—	70	—	(30	)	—	—	—	—
Loss on asset impairments	—	—		—	—		—	—	—	—		—	—	—	—
Contract termination costs	—	—		—	—		—	—	—	—		—	—	—	—
Operating expenses	196	926		—	1,375		—	163	—	276		—	—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—		—	—	—	—		—	—	—	—
Hurricane business interruption insurance gain	—	—		—	—		—	—	—	—		—	—	—	—
Operating (loss) income	586	900		—	995		—	191	—	152		—	—	—	—
Minority interest income	—	—		—	—		—	—	—	—		—	—	—	—
Interest expense, net	—	(58	)	—	(46	)	—	—	—	(424	)	—	—	—	—
Loss on early extinguishments of debt	—	—		—	—		—	—	—	—		—	—	—	—
Equity in income from consolidated entities	—	—		—	—		—	—	—	—		—	—	—	—
(Loss) income before income taxes and discontinued operations	586	842		—	949		—	191	—	(272	)	—	—	—	—
Income tax expense	—	—		—	—		—	—	—	—		—	—	—	—
(Loss) income from continuing operations	586	842		—	949		—	191	—	(272	)	—	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		—	—		—	—	—	—		—	—	—	—
Income tax (expense) benefit	—	—		—	—		—	—	—	—		—	—	—	—
(Loss) income from discontinued operations	—	—		—	—		—	—	—	—		—	—	—	—
Net (loss) income	586	842		—	949		—	191	—	(272	)	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 4F, L.P.	MeriStar Sub 5K, LLC	MeriStar Sub 5M, LLC	MeriStar Sub 1E, L.P.	MeriStar Sub 5O, LLC	MeriStar Sub 4B, L.P.	MeriStar Sub 2C, LLC	MeriStar Sub 4G, L.P.	MeriStar Sub 3B, LLC	MeriStar Sub 5G, L.P.	MeriStar Sub 5N, LLC	MeriStar Sub 5P, LLC
Revenue:
Hotel operations:
Rooms	—	—	—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—	—	—	—	—	—	—	—	—	—	—
Other hotel operations	—	—	—	—	—	—	—	—	—	—	—	—
Office rental, parking and other revenue	7	—	—	—	—	—	—	—	—	11	—	—
Participating lease revenue	510	—	386	—	157	—	—	—	—	2,092	206	376
Total revenue	517	—	386	—	157	—	—	—	—	2,103	206	376
Hotel operating expenses:
Rooms	—	—	—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—	—	—	—	—	—	—	—	—	—	—
Other hotel operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—	—	—	—	—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	—	—	—	—	—	—	—	—	—	—	—
General and administrative, corporate	—	—	—	—	—	—	—	—	—	—	—	—
Property operating costs	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation and amortization	293	—	62	—	32	—	—	—	—	1,467	17	1
Property taxes, insurance and other	1	—	79	—	28	—	—	—	—	476	38	2
Loss on asset impairments	—	—	—	—	—	—	—	—	—	—	—	—
Contract termination costs	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	294	—	141	—	60	—	—	—	—	1,943	55	3
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—	—	—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—	—	—	—	—	—	—	—	—	—	—
Operating (loss) income	223	—	245	—	97	—	—	—	—	160	151	373
Minority interest income	—	—	—	—	—	—	—	—	—	—	—	—
Interest expense, net	—	—	—	—	—	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—	—	—	—	—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—	—	—	—	—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	223	—	245	—	97	—	—	—	—	160	151	373
Income tax expense	—	—	—	—	—	—	—	—	—	—	—	—
(Loss) income from continuing operations	223	—	245	—	97	—	—	—	—	160	151	373
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	—	—	—	—	—	—	—	—	—	—
Income tax (expense) benefit	—	—	—	—	—	—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—	—	—	—	—	—	—	—	—	—	—
Net (loss) income	223	—	245	—	97	—	—	—	—	160	151	373

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 5J, LLC		MeriStar Sub 5Q, LLC	MeriStar Sub 5A, LLC		MeriStar Sub 8D, LLC	MeriStar Sub 4J, LLC		MeriStar Sub 6K, LLC	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC	MeriStar Sub 6A, LLC
Revenue:
Hotel operations:
Rooms	—		—	—		—	—		—	—	—	—	—	—	—
Food and beverage	—		—	—		—	—		—	—	—	—	—	—	—
Other hotel operations	—		—	—		—	—		—	—	—	—	—	—	—
Office rental, parking and other revenue	—		—	20		—	54		—	—	—	—	—	—	—
Participating lease revenue	—		434	1,841		—	729		—	—	—	—	—	—	—
Total revenue	—		434	1,861		—	783		—	—	—	—	—	—	—
Hotel operating expenses:
Rooms	—		—	—		—	—		—	—	—	—	—	—	—
Food and beverage	—		—	—		—	—		—	—	—	—	—	—	—
Other hotel operating expenses	—		—	—		—	—		—	—	—	—	—	—	—
Office rental, parking and other expenses	—		—	—		—	149		—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	1		—	—		—	—		—	—	—	—	—	—	—
General and administrative, corporate	—		—	—		—	—		—	—	—	—	—	—	—
Property operating costs	—		—	—		—	—		—	—	—	—	—	—	—
Depreciation and amortization	910		108	275		—	335		—	—	—	—	—	—	—
Property taxes, insurance and other	—		—	180		—	86		—	—	—	—	—	—	—
Loss on asset impairments	—		—	—		—	—		—	—	—	—	—	—	—
Contract termination costs	—		—	—		—	—		—	—	—	—	—	—	—
Operating expenses	911		108	455		—	570		—	—	—	—	—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—		—	—		—	—		—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—		—	—		—	—		—	—	—	—	—	—	—
Operating (loss) income	(911	)	326	1,406		—	213		—	—	—	—	—	—	—
Minority interest income	—		—	—		—	—		—	—	—	—	—	—	—
Interest expense, net	—		—	(708	)	—	(33	)	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—		—	—		—	—		—	—	—	—	—	—	—
Equity in income from consolidated entities	—		—	—		—	—		—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	(911	)	326	698		—	180		—	—	—	—	—	—	—
Income tax expense	—		—	—		—	—		—	—	—	—	—	—	—
(Loss) income from continuing operations	(911	)	326	698		—	180		—	—	—	—	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—		—	—		—	—		—	—	—	—	—	—	—
Income tax (expense) benefit	—		—	—		—	—		—	—	—	—	—	—	—
(Loss) income from discontinued operations	—		—	—		—	—		—	—	—	—	—	—	—
Net (loss) income	(911	)	326	698		—	180		—	—	—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Three months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Consolidation Eliminations		Total Consolidated
Revenue:
Hotel operations:
Rooms	—	130,674		130,674		—		130,674
Food and beverage	—	48,035		48,035		—		48,035
Other hotel operations	—	12,036		12,036		—		12,036
Office rental, parking and other revenue	—	150		1,218		—		1,908
Participating lease revenue	—	—		21,549		(59,921	)	—
Total revenue	—	190,895		213,512		(59,921	)	192,653
Hotel operating expenses:
Rooms	—	33,041		33,041		—		33,041
Food and beverage	—	36,323		36,323		—		36,323
Other hotel operating expenses	—	7,708		7,708		—		7,708
Office rental, parking and other expenses	—	—		644		—		945
Other operating expenses:
General and administrative, hotel	—	32,302		32,305		—		32,328
General and administrative, corporate	—	32		32		—		4,000
Property operating costs	—	30,947		30,947		—		30,947
Depreciation and amortization	—	—		7,847		—		25,519
Property taxes, insurance and other	—	61,481		64,671		(59,921	)	11,092
Loss on asset impairments	—	—		5,541		—		40,343
Contract termination costs	—	1,081		1,081		—		1,081
Operating expenses	—	202,915		220,140		(59,921	)	223,327
Equity in income/loss of and interest earned from unconsolidated affiliates	—	1,437		1,437		—		2,682
Hurricane business interruption insurance gain	—	—		—		—		—
Operating (loss) income	—	(10,583	)	(5,191	)	—		(27,992	)
Minority interest income	—	—		—		—		34
Interest expense, net	—	(3,845	)	(5,731	)	—		(30,152	)
Loss on early extinguishments of debt	—	—		—		—		(54,165	)
Equity in income from consolidated entities	—	—		—		88,087		—
(Loss) income before income taxes and discontinued operations	—	(14,428	)	(10,922	)	88,087		(112,275	)
Income tax expense	—	—		—		—		(16	)
(Loss) income from continuing operations	—	(14,428	)	(10,922	)	88,087		(112,291	)
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	(2,944	)	(2,902	)	—		(5,832	)
Income tax (expense) benefit	—	—		—		—		—
(Loss) income from discontinued operations	—	(2,944	)	(2,902	)	—		(5,832	)
Net (loss) income	—	(17,372	)	(13,824	)	88,087		(118,123	)

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non-Guarantor Subsidiaries		MeriStar Sub 7C, LLC	MeriStar Sub 8G, LLC	AGH Upreit, LLC	MeriStar Sub 6H, L.P.	MeriStar Sub 8F, L.P.	MeriStar Sub 8B, LLC		MeriStar Sub 1C, LLC		MeriStar Sub 8E, LLC	MeriStar Sub 7F, LLC
Revenue:
Hotel operations:
Rooms	—		—		—	—	—	—	—	—		—		—	—
Food and beverage	—		—		—	—	—	—	—	—		—		—	—
Other hotel operations	—		—		—	—	—	—	—	—		—		—	—
Office rental, parking and other revenue	(90	)	669		—	—	—	—	—	—		—		7	—
Participating lease revenue	6,560		34,404		—	—	—	321	601	1,864		162		372	208
Total revenue	6,470		35,073		—	—	—	321	601	1,864		162		379	208
Hotel operating expenses:
Rooms	—		—		—	—	—	—	—	—		—		—	—
Food and beverage	—		—		—	—	—	—	—	—		—		—	—
Other hotel operating expenses	—		—		—	—	—	—	—	—		—		—	—
Office rental, parking and other expenses	—		282		—	—	—	—	—	—		—		—	—
Other operating expenses:
General and administrative, hotel	—		9		—	—	—	—	—	(2,612	)	—		—	—
General and administrative, corporate	2,462		—		—	—	—	—	—	—		—		—	—
Property operating costs	—		—		—	—	—	—	—	—		—		—	—
Depreciation and amortization	3,289		12,454		—	—	—	157	164	618		345		149	73
Property taxes, insurance and other	4,907		4,660		—	—	—	25	167	280		149		53	32
Contract termination costs	—		—		—	—	—	—	—	—		—		—	—
Loss on asset impairments	—		—		—	—	—	—	—	—		—		—	—
Operating expenses	10,658		17,405		—	—	—	182	331	(1,714	)	494		202	105
Equity in income/loss of and interest earned from unconsolidated affiliates	1,600		—		—	—	—	—	—	—		—		—	—
Hurricane business interruption insurance gain	—		—		—	—	—	—	—	—		—		—	—
Operating income (loss)	(2,588	)	17,668		—	—	—	139	270	3,578		(332	)	177	103
Minority interest income	40		—		—	—	—	—	—	—		—		—	—
Interest expense, net	(18,354	)	(9,324	)	—	—	—	—	—	—		—		—	—
Loss on early extinguishments of debt	—		—		—	—	—	—	—	—		—		—	—
Equity in income from consolidated entities	(6,806	)	(62	)	—	—	—	—	—	—		—		—	—
(Loss) income before income taxes and discontinued operations	(27,708	)	8,282		—	—	—	139	270	3,578		(332	)	177	103
Income tax benefit	218		—		—	—	—	—	—	—		—		—	—
(Loss) income from continuing operations	(27,490	)	8,282		—	—	—	139	270	3,578		(332	)	177	103
Discontinued operations:
(Loss) income from discontinued operations before income tax	(74	)	791		—	—	—	—	—	—		—		—	—
Income tax (expense) benefit	26		—		—	—	—	—	—	—		—		—	—
(Loss) income from discontinued operations	(48	)	791		—	—	—	—	—	—		—		—	—
Net (loss) income	(27,538	)	9,073		—	—	—	139	270	3,578		(332	)	177	103

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5L, LLC	MeriStar Sub 3C, LLC	MeriStar Sub 5R, LLC	MeriStar Sub 8A, LLC	MeriStar Sub 6D, LLC	MeriStar Sub 6E, LLC	MeriStar Sub 4E, L.P.	MeriStar Sub 1B, LLC	MeriStar Sub 5F, L.P.	MeriStar Sub 6G, LLC	MeriStar Sub 8C, LLC	MeriStar Sub 4C, L.P.
Revenue:
Hotel operations:
Rooms	—	—	—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—	—	—	—	—	—	—	—	—	—	—
Other hotel operations	—	—	—	—	—	—	—	—	—	—	—	—
Office rental, parking and other revenue	—	1	—	—	42	—	—	—	—	—	—	—
Participating lease revenue	104	414	—	—	447	1,563	—	566	361	769	—	—
Total revenue	104	415	—	—	489	1,563	—	566	361	769	—	—
Hotel operating expenses:
Rooms	—	—	—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—	—	—	—	—	—	—	—	—	—	—
Other hotel operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—	—	—	—	—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	—	—	—	—	—	—	—	—	—	—	—
General and administrative, corporate	—	—	—	—	—	—	—	—	—	—	—	—
Property operating costs	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation and amortization	38	177	—	—	106	382	—	119	196	182	—	—
Property taxes, insurance and other	38	102	—	—	76	141	—	42	89	98	—	—
Contract termination costs	—	—	—	—	—	—	—	—	—	—	—	—
Loss on asset impairments	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	76	279	—	—	182	523	—	161	285	280	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—	—	—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—	—	—	—	—	—	—	—	—	—	—
Operating income (loss)	28	136	—	—	307	1,040	—	405	76	489	—	—
Minority interest income	—	—	—	—	—	—	—	—	—	—	—	—
Interest expense, net	—	—	—	—	—	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—	—	—	—	—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—	—	—	—	—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	28	136	—	—	307	1,040	—	405	76	489	—	—
Income tax benefit	—	—	—	—	—	—	—	—	—	—	—	—
(Loss) income from continuing operations	28	136	—	—	307	1,040	—	405	76	489	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	—	—	—	—	260	—	—	—	—	—
Income tax (expense) benefit	—	—	—	—	—	—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—	—	—	—	—	260	—	—	—	—	—
Net (loss) income	28	136	—	—	307	1,040	260	405	76	489	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 4H, L.P.	MeriStar Sub 7E, LLC	MeriStar Sub 3D, LLC	MeriStar Sub 1A, LLC		MeriStar Sub 7A Joint Venture		MeriStar Sub 2B, LLC	MeriStar Sub 3A, LLC	MeriStar Sub 4A, LLC	MeriStar Sub 4D, LLC	MeriStar Sub 2A, LLC	MeriStar Sub 6L, LLC	MDV Limited Partnership
Revenue:
Hotel operations:
Rooms	—	—	—	—		—		—	—	—	—	—	—	—
Food and beverage	—	—	—	—		—		—	—	—	—	—	—	—
Other hotel operations	—	—	—	—		—		—	—	—	—	—	—	—
Office rental, parking and other revenue	—	—	—	—		—		—	—	—	—	—	—	—
Participating lease revenue	—	345	425	—		—		—	—	—	—	—	—	126
Total revenue	—	345	425	—		—		—	—	—	—	—	—	126
Hotel operating expenses:
Rooms	—	—	—	—		—		—	—	—	—	—	—	—
Food and beverage	—	—	—	—		—		—	—	—	—	—	—	—
Other hotel operating expenses	—	—	—	—		—		—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—	—	—		—		—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	—	—	—		—		—	—	—	—	—	—	—
General and administrative, corporate	—	—	—	—		—		—	—	—	—	—	—	—
Property operating costs	—	—	—	—		—		—	—	—	—	—	—	—
Depreciation and amortization	—	165	160	—		—		—	—	—	—	—	—	35
Property taxes, insurance and other	—	51	61	—		—		—	—	—	—	—	—	35
Contract termination costs	—	—	—	—		—		—	—	—	—	—	—	—
Loss on asset impairments	—	—	—	—		—		—	—	—	—	—	—	—
Operating expenses	—	216	221	—		—		—	—	—	—	—	—	70
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—		—		—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—	—	—		—		—	—	—	—	—	—	—
Operating income (loss)	—	129	204	—		—		—	—	—	—	—	—	56
Minority interest income	—	—	—	—		—		—	—	—	—	—	—	—
Interest expense, net	—	—	—	—		—		—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—	—	—		—		—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—	—	—		—		—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	—	129	204	—		—		—	—	—	—	—	—	56
Income tax benefit	—	—	—	—		—		—	—	—	—	—	—	—
(Loss) income from continuing operations	—	129	204	—		—		—	—	—	—	—	—	56
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	—	(591	)	(19	)	—	—	—	—	—	—	—
Income tax (expense) benefit	—	—	—	—		—		—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—	—	(591	)	(19	)	—	—	—	—	—	—	—
Net (loss) income	—	129	204	(591	)	(19	)	—	—	—	—	—	—	56

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5C, LLC	MeriStar Sub 6J, LLC		MeriStar Sub 1D, L.P.	MeriStar Sub 7B, L.P.	MeriStar Sub 7D, LLC		MeriStar Sub 7G, LLC	MeriStar Sub 6B, LLC	MeriStar Sub 4I, L.P.	MeriStar Sub 5D, LLC		MeriStar Sub 5H, LLC	MeriStar Sub 7H, LLC	AGH PSS I, Inc.
Revenue:
Hotel operations:
Rooms	—	—		—	—	—		—	—	—	—		—	—	—
Food and beverage	—	—		—	—	—		—	—	—	—		—	—	—
Other hotel operations	—	—		—	—	—		—	—	—	—		—	—	—
Office rental, parking and other revenue	—	—		78	—	637		—	—	—	—		—	—	—
Participating lease revenue	—	714		1,359	—	1,448		—	309	—	596		—	—	—
Total revenue	—	714		1,437	—	2,085		—	309	—	596		—	—	—
Hotel operating expenses:
Rooms	—	—		—	—	—		—	—	—	—		—	—	—
Food and beverage	—	—		—	—	—		—	—	—	—		—	—	—
Other hotel operating expenses	—	—		—	—	—		—	—	—	—		—	—	—
Office rental, parking and other expenses	—	—		28	—	251		—	—	—	—		—	—	—
Other operating expenses:
General and administrative, hotel	—	—		—	—	—		—	—	—	—		—	—	—
General and administrative, corporate	—	—		—	—	—		—	—	—	—		—	—	—
Property operating costs	—	—		—	—	—		—	—	—	—		—	—	—
Depreciation and amortization	—	137		568	—	353		—	111	—	351		—	—	—
Property taxes, insurance and other	—	74		345	—	(354	)	—	56	—	49		—	—	—
Contract termination costs	—	—		—	—	—		—	—	—	—		—	—	—
Loss on asset impairments	—	—		—	—	—		—	—	—	—		—	—	—
Operating expenses	—	211		941	—	250		—	167	—	400		—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—	—		—	—	—	—		—	—	—
Hurricane business interruption insurance gain	—	—		—	—	—		—	—	—	—		—	—	—
Operating income (loss)	—	503		496	—	1,835		—	142	—	196		—	—	—
Minority interest income	—	—		—	—	—		—	—	—	—		—	—	—
Interest expense, net	—	—		—	—	—		—	—	—	(356	)	—	—	—
Loss on early extinguishments of debt	—	—		—	—	—		—	—	—	—		—	—	—
Equity in income from consolidated entities	—	—		—	—	—		—	—	—	—		—	—	—
(Loss) income before income taxes and discontinued operations	—	503	��	496	—	1,835		—	142	—	(160	)	—	—	—
Income tax benefit	—	—		—	—	—		—	—	—	—		—	—	—
(Loss) income from continuing operations	—	503		496	—	1,835		—	142	—	(160	)	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		—	—	—		—	—	—	—		—	—	—
Income tax (expense) benefit	—	—		—	—	—		—	—	—	—		—	—	—
(Loss) income from discontinued operations	—	—		—	—	—		—	—	—	—		—	—	—
Net (loss) income	—	503		496	—	1,835		—	142	—	(160	)	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 2D, LLC	MeriStar Sub 4F, L.P.	MeriStar Sub 5K, LLC	MeriStar Sub 5M, LLC		MeriStar Sub 1E, L.P.	MeriStar Sub 5O, LLC		MeriStar Sub 4B, L.P.	MeriStar Sub 2C, LLC		MeriStar Sub 4G, L.P.		MeriStar Sub 3B, LLC	MeriStar Sub 5G, L.P.	MeriStar Sub 5N, LLC
Revenue:
Hotel operations:
Rooms	—	—	—	—		—	—		—	—		—		—	—	—
Food and beverage	—	—	—	—		—	—		—	—		—		—	—	—
Other hotel operations	—	—	—	—		—	—		—	—		—		—	—	—
Office rental, parking and other revenue	—	4	—	—		—	—		—	—		—		—	7	—
Participating lease revenue	—	492	—	158		—	71		—	—		—		—	2,379	72
Total revenue	—	496	—	158		—	71		—	—		—		—	2,386	72
Hotel operating expenses:
Rooms	—	—	—	—		—	—		—	—		—		—	—	—
Food and beverage	—	—	—	—		—	—		—	—		—		—	—	—
Other hotel operating expenses	—	—	—	—		—	—		—	—		—		—	—	—
Office rental, parking and other expenses	—	—	—	—		—	—		—	—		—		—	—	—
Other operating expenses:
General and administrative, hotel	—	—	—	—		—	—		—	—		—		—	—	—
General and administrative, corporate	—	—	—	—		—	—		—	—		—		—	—	—
Property operating costs	—	—	—	—		—	—		—	—		—		—	—	—
Depreciation and amortization	—	276	—	118		—	58		—	—		—		—	1,594	35
Property taxes, insurance and other	—	93	—	66		—	24		—	—		—		—	391	26
Contract termination costs	—	—	—	—		—	—		—	—		—		—	—	—
Loss on asset impairments	—	—	—	—		—	—		—	—		—		—	—	—
Operating expenses	—	369	—	184		—	82		—	—		—		—	1,985	61
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—		—	—		—	—		—		—	—	—
Hurricane business interruption insurance gain	—	—	—	—		—	—		—	—		—		—	—	—
Operating income (loss)	—	127	—	(26	)	—	(11	)	—	—		—		—	401	11
Minority interest income	—	—	—	—		—	—		—	—		—		—	—	—
Interest expense, net	—	—	—	—		—	—		—	—		—		—	—	—
Loss on early extinguishments of debt	—	—	—	—		—	—		—	—		—		—	—	—
Equity in income from consolidated entities	—	—	—	—		—	—		—	—		—		—	—	—
(Loss) income before income taxes and discontinued operations	—	127	—	(26	)	—	(11	)	—	—		—		—	401	11
Income tax benefit	—	—	—	—		—	—		—	—		—		—	—	—
(Loss) income from continuing operations	—	127	—	(26	)	—	(11	)	—	—		—		—	401	11
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	22	—		—	—		—	(1,598	)	(509	)	—	—	—
Income tax (expense) benefit	—	—	—	—		—	—		—	—		—		—	—	—
(Loss) income from discontinued operations	—	—	22	—		—	—		—	(1,598	)	(509	)	—	—	—
Net (loss) income	—	127	22	(26	)	—	(11	)	—	(1,598	)	(509	)	—	401	11

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5P, LLC	MeriStar Sub 5J, LLC		MeriStar Sub 5Q, LLC	MeriStar Sub 5A, LLC		MeriStar Sub 8D, LLC	MeriStar Sub 4J, LLC	MeriStar Sub 6K, LLC	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC
Revenue:
Hotel operations:
Rooms	—	—		—	—		—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—		—	—	—	—	—	—	—	—
Other hotel operations	—	—		—	—		—	—	—	—	—	—	—	—
Office rental, parking and other revenue	—	—		—	18		—	53	—	—	—	—	—	—
Participating lease revenue	99	1,094		227	1,430		—	791	—	—	—	—	—	—
Total revenue	99	1,094		227	1,448		—	844	—	—	—	—	—	—
Hotel operating expenses:
Rooms	—	—		—	—		—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—		—	—	—	—	—	—	—	—
Other hotel operating expenses	—	—		—	—		—	—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—		—	—		—	121	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	28		—	2		—	—	—	—	—	—	—	—
General and administrative, corporate	—	—		—	—		—	—	—	—	—	—	—	—
Property operating costs	—	—		—	—		—	—	—	—	—	—	—	—
Depreciation and amortization	1	1,422		147	266		—	316	—	—	—	—	—	—
Property taxes, insurance and other	2	335		50	194		—	81	—	—	—	—	—	—
Contract termination costs	—	—		—	—		—	—	—	—	—	—	—	—
Loss on asset impairments	—	—		—	—		—	—	—	—	—	—	—	—
Operating expenses	3	1,785		197	462		—	518	—	—	—	—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—		—	—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—		—	—		—	—	—	—	—	—	—	—
Operating income (loss)	96	(691	)	30	986		—	326	—	—	—	—	—	—
Minority interest income	—	—		—	—		—	—	—	—	—	—	—	—
Interest expense, net	—	—		—	(708	)	—	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—		—	—		—	—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—		—	—		—	—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	96	(691	)	30	278		—	326	—	—	—	—	—	—
Income tax benefit	—	—		—	—		—	—	—	—	—	—	—	—
(Loss) income from continuing operations	96	(691	)	30	278		—	326	—	—	—	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		—	—		1,000	—	—	—	—	—	—	—
Income tax (expense) benefit	—	—		—	—		—	—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—		—	—		1,000	—	—	—	—	—	—	—
Net (loss) income	96	(691	)	30	278		1,000	326	—	—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Three months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 6A, LLC	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Consolidation Eliminations		Total Consolidated
Revenue:
Hotel operations:
Rooms	—	—	121,053		121,053		—		121,053
Food and beverage	—	—	44,483		44,483		—		44,483
Other hotel operations	—	—	12,518		12,518		—		12,518
Office rental, parking and other revenue	—	—	—		847		—		1,426
Participating lease revenue	—	—	—		19,887		(60,851	)	—
Total revenue	—	—	178,054		198,788		(60,851	)	179,480
Hotel operating expenses:
Rooms	—	—	32,000		32,000		—		32,000
Food and beverage	—	—	34,762		34,762		—		34,762
Other hotel operating expenses	—	—	8,182		8,182		—		8,182
Office rental, parking and other expenses	—	—	—		400		—		682
Other operating expenses:
General and administrative, hotel	—	—	31,343		28,761		—		28,770
General and administrative, corporate	—	—	58		58		—		2,520
Property operating costs	—	—	28,292		28,292		—		28,292
Depreciation and amortization	—	—	14		8,833		—		24,576
Property taxes, insurance and other	—	—	60,980		63,851		(60,851	)	12,567
Contract termination costs	—	—	—		—		—		—
Loss on asset impairments	—	—	—		—		—		—
Operating expenses	—	—	195,631		205,139		(60,851	)	172,351
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—		—		—		1,600
Hurricane business interruption insurance gain	—	—	—		—		—		—
Operating income (loss)	—	—	(17,577	)	(6,351	)	—		8,729
Minority interest income	—	—	—		—		—		40
Interest expense, net	—	—	(2,252	)	(3,316	)	—		(30,994	)
Loss on early extinguishments of debt	—	—	—		—		—		—
Equity in income from consolidated entities	—	—	—		—		6,868		—
(Loss) income before income taxes and discontinued operations	—	—	(19,829	)	(9,667	)	6,868		(22,225	)
Income tax benefit	—	—	—		—		—		218
(Loss) income from continuing operations	—	—	(19,829	)	(9,667	)	6,868		(22,007	)
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	(4,839	)	(6,274	)	—		(5,557	)
Income tax (expense) benefit	—	—	—		—		—		26
(Loss) income from discontinued operations	—	—	(4,839	)	(6,274	)	—		(5,531	)
Net (loss) income	—	—	(24,668	)	(15,941	)	6,868		(27,538	)

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non- Guarantor Subsidiaries		MeriStar Sub 7C, LLC	MeriStar Sub 8G, LLC	AGH Upreit, LLC	MeriStar Sub 6H, L.P.	MeriStar Sub 8F, L.P.	MeriStar Sub 8B, LLC	MeriStar Sub 1C, LLC		MeriStar Sub 8E, LLC		MeriStar Sub 7F, LLC		MeriStar Sub 5L, LLC
Revenue:
Hotel operations:
Rooms	—		—		—	—	—	—	—	—	—		—		—		—
Food and beverage	—		—		—	—	—	—	—	—	—		—		—		—
Other hotel operations	—		—		—	—	—	—	—	—	—		—		—		—
Office rental, parking and other revenue	105		1,924		—	—	—	—	—	—	—		25		—		—
Participating lease revenue	12,667		106,547		—	—	—	986	2,049	5,803	922		1,156		969		654
Total revenue	12,772		108,471		—	—	—	986	2,049	5,803	922		1,181		969		654
Hotel operating expenses:
Rooms	—		—		—	—	—	—	—	—	—		—		—		—
Food and beverage	—		—		—	—	—	—	—	—	—		—		—		—
Other hotel operating expenses	—		—		—	—	—	—	—	—	—		—		—		—
Office rental, parking and other expenses	—		856		—	—	—	—	—	—	—		—		—		—
Other operating expenses:
General and administrative, hotel	2		99		—	—	—	—	—	—	23		—		—		—
General and administrative, corporate	10,256		—		—	—	—	—	—	—	—		—		—		—
Property operating costs	—		—		—	—	—	—	—	—	—		—		—		—
Depreciation and amortization	10,211		38,807		—	—	—	447	481	1,768	914		411		337		121
Property taxes, insurance and other	7,540		14,317		—	—	—	72	749	468	546		122		90		115
Loss on asset impairments	621		34,181		—	—	—	—	—	—	1,580		—		—		—
Contract termination costs	—		—		—	—	—	—	—	—	—		—		—		—
Operating expenses	28,630		88,260		—	—	—	519	1,230	2,236	3,063		533		427		236
Equity in income/loss of and interest earned from unconsolidated affiliates	2,996		—		—	—	—	—	—	—	—		—		—		—
Hurricane business interruption insurance gain	—		—		—	—	—	—	—	—	—		—		—		—
Operating (loss) income	(12,862	)	20,211		—	—	—	467	819	3,567	(2,141	)	648		542		418
Minority interest income	36		—		—	—	—	—	—	—	—		—		—		—
Interest expense, net	(47,573	)	(28,201	)	—	—	—	—	—	—	—		(11	)	(12	)	—
Loss on early extinguishments of debt	(11,669	)	(43,503	)	—	—	—	—	—	—	—		—		—		—
Equity in income from consolidated entities	(57,355	)	—		—	—	—	—	—	—	—		—		—		—
(Loss) income before income taxes and discontinued operations	(129,423	)	(51,493	)	—	—	—	467	819	3,567	(2,141	)	637		530		418
Income tax expense	(303	)	—		—	—	—	—	—	—	—		—		—		—
(Loss) income from continuing operations	(129,726	)	(51,493	)	—	—	—	467	819	3,567	(2,141	)	637		530		418
Discontinued operations:
(Loss) income from discontinued operations before income tax	(732	)	(2,967	)	—	—	—	—	—	—	—		—		—		—
Income tax (expense) benefit	—		—		—	—	—	—	—	—	—		—		—		—
(Loss) income from discontinued operations	(732	)	(2,967	)	—	—	—	—	—	—	—		—		—		—
Net (loss) income	(130,458	)	(54,460	)	—	—	—	467	819	3,567	(2,141	)	637		530		418

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 3C, LLC		MeriStar Sub 5R, LLC	MeriStar Sub 8A, LLC	MeriStar Sub 6D, LLC	MeriStar Sub 6E, LLC		MeriStar Sub 4E, L.P.	MeriStar Sub 1B, LLC		MeriStar Sub 5F, L.P.	MeriStar Sub 6G, LLC	MeriStar Sub 8C, LLC	MeriStar Sub 4C, L.P.	MeriStar Sub 4H, L.P.
Revenue:
Hotel operations:
Rooms	—		—	—	—	—		—	—		—	—	—	—	—
Food and beverage	—		—	—	—	—		—	—		—	—	—	—	—
Other hotel operations	—		—	—	—	—		—	—		—	—	—	—	—
Office rental, parking and other revenue	2		—	—	45	—		—	—		—	—	—	—	—
Participating lease revenue	1,693		—	—	2,108	5,294		—	1,850		1,971	3,192	—	—	—
Total revenue	1,695		—	—	2,153	5,294		—	1,850		1,971	3,192	—	—	—
Hotel operating expenses:
Rooms	—		—	—	—	—		—	—		—	—	—	—	—
Food and beverage	—		—	—	—	—		—	—		—	—	—	—	—
Other hotel operating expenses	—		—	—	—	—		—	—		—	—	—	—	—
Office rental, parking and other expenses	—		—	—	—	—		—	—		—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—		—	—	—	4		—	(3	)	—	2	—	—	—
General and administrative, corporate	—		—	—	—	—		—	—		—	—	—	—	—
Property operating costs	—		—	—	—	—		—	—		—	—	—	—	—
Depreciation and amortization	464		—	—	321	1,118		—	448		462	510	—	—	—
Property taxes, insurance and other	288		—	—	236	420		—	144		324	302	—	—	—
Loss on asset impairments	—		—	—	—	—		—	—		—	—	—	—	—
Contract termination costs	—		—	—	—	—		—	—		—	—	—	—	—
Operating expenses	752		—	—	557	1,542		—	589		786	814	—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—		—	—	—	—		—	—		—	—	—	—	—
Hurricane business interruption insurance gain	—		—	—	—	—		—	—		—	—	—	—	—
Operating (loss) income	943		—	—	1,596	3,752		—	1,261		1,185	2,378	—	—	—
Minority interest income	—		—	—	—	—		—	—		—	—	—	—	—
Interest expense, net	(21	)	—	—	—	(1,470	)	—	(43	)	—	—	—	—	—
Loss on early extinguishments of debt	—		—	—	—	—		—	—		—	—	—	—	—
Equity in income from consolidated entities	—		—	—	—	—		—	—		—	—	—	—	—
(Loss) income before income taxes and discontinued operations	922		—	—	1,596	2,282		—	1,218		1,185	2,378	—	—	—
Income tax expense	—		—	—	—	—		—	—		—	—	—	—	—
(Loss) income from continuing operations	922		—	—	1,596	2,282		—	1,218		1,185	2,378	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—		—	—	—	—		—	—		—	—	—	—	—
Income tax (expense) benefit	—		—	—	—	—		—	—		—	—	—	—	—
(Loss) income from discontinued operations	—		—	—	—	—		—	—		—	—	—	—	—
Net (loss) income	922		—	—	1,596	2,282		—	1,218		1,185	2,378	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 7E, LLC	MeriStar Sub 3D, LLC		MeriStar Sub 1A, LLC	MeriStar Sub 7A Joint Venture	MeriStar Sub 2B, LLC	MeriStar Sub 3A, LLC	MeriStar Sub 4A, LLC	MeriStar Sub 4D, LLC	MeriStar Sub 2A, LLC	MeriStar Sub 6L, LLC	MDV Limited Partnership	MeriStar Sub 5C, LLC
Revenue:
Hotel operations:
Rooms	—	—		—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—	—	—	—	—	—	—	—	—
Other hotel operations	—	—		—	—	—	—	—	—	—	—	—	—
Office rental, parking and other revenue	—	—		—	—	—	—	—	—	—	—	—	—
Participating lease revenue	1,073	1,361		—	—	—	—	—	—	—	—	353	—
Total revenue	1,073	1,361		—	—	—	—	—	—	—	—	353	—
Hotel operating expenses:
Rooms	—	—		—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—	—	—	—	—	—	—	—	—
Other hotel operating expenses	—	—		—	—	—	—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—		—	—	—	—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	5		—	—	—	—	—	—	—	—	—	—
General and administrative, corporate	—	—		—	—	—	—	—	—	—	—	—	—
Property operating costs	—	—		—	—	—	—	—	—	—	—	—	—
Depreciation and amortization	446	481		—	—	—	—	—	—	—	—	141	—
Property taxes, insurance and other	151	137		—	—	—	—	—	—	—	—	95	—
Loss on asset impairments	—	3,961		—	—	—	—	—	—	—	—	—	—
Contract termination costs	—	—		—	—	—	—	—	—	—	—	—	—
Operating expenses	597	4,584		—	—	—	—	—	—	—	—	236	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—	—	—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—		—	—	—	—	—	—	—	—	—	—
Operating (loss) income	476	(3,223	)	—	—	—	—	—	—	—	—	117	—
Minority interest income	—	—		—	—	—	—	—	—	—	—	—	—
Interest expense, net	—	—		—	—	—	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—		—	—	—	—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	476	(3,223	)	—	—	—	—	—	—	—	—	117	—
Income tax expense	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income from continuing operations	476	(3,223	)	—	—	—	—	—	—	—	—	117	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		168	—	—	—	—	—	—	—	—	—
Income tax (expense) benefit	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—		168	—	—	—	—	—	—	—	—	—
Net (loss) income	476	(3,223	)	168	—	—	—	—	—	—	—	117	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 6J, LLC	MeriStar Sub 1D, L.P.		MeriStar Sub 7B, L.P.	MeriStar Sub 7D, LLC		MeriStar Sub 7G, LLC	MeriStar Sub 6B, LLC	MeriStar Sub 4I, L.P.	MeriStar Sub 5D, LLC		MeriStar Sub 5H, LLC	MeriStar Sub 7H, LLC	AGH PSS I, Inc.
Revenue:
Hotel operations:
Rooms	—	—		—	—		—	—	—	—		—	—	—
Food and beverage	—	—		—	—		—	—	—	—		—	—	—
Other hotel operations	—	—		—	—		—	—	—	—		—	—	—
Office rental, parking and other revenue	—	342		—	1,859		—	—	—	—		—	—	—
Participating lease revenue	2,498	4,620		—	4,549		—	997	—	1,565		—	—	—
Total revenue	2,498	4,962		—	6,408		—	997	—	1,565		—	—	—
Hotel operating expenses:
Rooms	—	—		—	—		—	—	—	—		—	—	—
Food and beverage	—	—		—	—		—	—	—	—		—	—	—
Other hotel operating expenses	—	—		—	—		—	—	—	—		—	—	—
Office rental, parking and other expenses	—	126		—	1,014		—	—	—	—		—	—	—
Other operating expenses:
General and administrative, hotel	—	—		—	—		—	—	—	3		—	—	—
General and administrative, corporate	—	—		—	—		—	—	—	—		—	—	—
Property operating costs	—	—		—	—		—	—	—	—		—	—	—
Depreciation and amortization	369	1,550		—	1,076		—	296	—	985		—	—	—
Property taxes, insurance and other	228	1,118		—	1,524		—	190	—	137		—	—	—
Loss on asset impairments	—	—		—	—		—	—	—	—		—	—	—
Contract termination costs	—	—		—	—		—	—	—	—		—	—	—
Operating expenses	597	2,794		—	3,614		—	486	—	1,125		—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—		—	—	—	—		—	—	—
Hurricane business interruption insurance gain	—	—		—	—		—	—	—	—		—	—	—
Operating (loss) income	1,901	2,168		—	2,794		—	511	—	440		—	—	—
Minority interest income	—	—		—	—		—	—	—	—		—	—	—
Interest expense, net	—	(58	)	—	(46	)	—	—	—	(1,262	)	—	—	—
Loss on early extinguishments of debt	—	—		—	—		—	—	—	—		—	—	—
Equity in income from consolidated entities	—	—		—	—		—	—	—	—		—	—	—
(Loss) income before income taxes and discontinued operations	1,901	2,110		—	2,748		—	511	—	(822	)	—	—	—
Income tax expense	—	—		—	—		—	—	—	—		—	—	—
(Loss) income from continuing operations	1,901	2,110		—	2,748		—	511	—	(822	)	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		—	—		—	—	—	—		—	—	—
Income tax (expense) benefit	—	—		—	—		—	—	—	—		—	—	—
(Loss) income from discontinued operations	—	—		—	—		—	—	—	—		—	—	—
Net (loss) income	1,901	2,110		—	2,748		—	511	—	(822	)	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 2D, LLC	MeriStar Sub 4F, L.P.		MeriStar Sub 5K, LLC	MeriStar Sub 5M, LLC	MeriStar Sub 1E, L.P.	MeriStar Sub 5O, LLC	MeriStar Sub 4B, L.P.	MeriStar Sub 2C, LLC	MeriStar Sub 4G, L.P.	MeriStar Sub 3B, LLC	MeriStar Sub 5G, L.P.	MeriStar Sub 5N, LLC
Revenue:
Hotel operations:
Rooms	—	—		—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—	—	—	—	—	—	—	—	—
Other hotel operations	—	—		—	—	—	—	—	—	—	—	—	—
Office rental, parking and other revenue	—	15		—	—	—	—	—	—	—	—	23	—
Participating lease revenue	—	1,532		—	1,158	—	261	—	—	—	—	9,070	343
Total revenue	—	1,547		—	1,158	—	261	—	—	—	—	9,093	343
Hotel operating expenses:										��
Rooms	—	—		—	—	—	—	—	—	—	—	—	—
Food and beverage	—	—		—	—	—	—	—	—	—	—	—	—
Other hotel operating expenses	—	—		—	—	—	—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—		—	—	—	—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	(1	)	—	—	—	—	—	—	—	—	8	—
General and administrative, corporate	—	—		—	—	—	—	—	—	—	—	—	—
Property operating costs	—	—		—	—	—	—	—	—	—	—	—	—
Depreciation and amortization	—	796		—	195	—	101	—	—	—	—	4,569	54
Property taxes, insurance and other	—	185		—	106	—	46	—	—	—	—	1,303	57
Loss on asset impairments	—	—		—	—	—	—	—	—	—	—	—	—
Contract termination costs	—	—		—	—	—	—	—	—	—	—	—	—
Operating expenses	—	980		—	301	—	147	—	—	—	—	5,880	111
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—	—	—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—		—	—	—	—	—	—	—	—	—	—
Operating (loss) income	—	567		—	857	—	114	—	—	—	—	3,213	232
Minority interest income	—	—		—	—	—	—	—	—	—	—	—	—
Interest expense, net	—	—		—	—	—	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—		—	—	—	—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	—	567		—	857	—	114	—	—	—	—	3,213	232
Income tax expense	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income from continuing operations	—	567		—	857	—	114	—	—	—	—	3,213	232
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		—	—	—	—	—	—	—	—	—	—
Income tax (expense) benefit	—	—		—	—	—	—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—		—	—	—	—	—	—	—	—	—	—
Net (loss) income	—	567		—	857	—	114	—	—	—	—	3,213	232

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 5P, LLC	MeriStar Sub 5J, LLC		MeriStar Sub 5Q, LLC	MeriStar Sub 5A, LLC		MeriStar Sub 8D, LLC	MeriStar Sub 4J, LLC		MeriStar Sub 6K, LLC	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC
Revenue:
Hotel operations:
Rooms	—	—		—	—		—	—		—	—	—	—	—	—
Food and beverage	—	—		—	—		—	—		—	—	—	—	—	—
Other hotel operations	—	—		—	—		—	—		—	—	—	—	—	—
Office rental, parking and other revenue	—	227		—	62		—	162		—	—	—	—	—	—
Participating lease revenue	467	—		1,301	5,318		—	2,119		—	—	—	—	—	—
Total revenue	467	227		1,301	5,380		—	2,281		—	—	—	—	—	—
Hotel operating expenses:
Rooms	—	—		—	—		—	—		—	—	—	—	—	—
Food and beverage	—	—		—	—		—	—		—	—	—	—	—	—
Other hotel operating expenses	—	—		—	—		—	—		—	—	—	—	—	—
Office rental, parking and other expenses	—	—		—	—		—	385		—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	1		—	1		—	—		—	—	—	—	—	—
General and administrative, corporate	—	—		—	—		—	—		—	—	—	—	—	—
Property operating costs	—	—		—	—		—	—		—	—	—	—	—	—
Depreciation and amortization	3	2,731		354	800		—	985		—	—	—	—	—	—
Property taxes, insurance and other	6	(162	)	—	585		—	262		—	—	—	—	—	—
Loss on asset impairments	—	—		—	—		—	—		—	—	—	—	—	—
Contract termination costs	—	—		—	—		—	—		—	—	—	—	—	—
Operating expenses	9	2,570		354	1,386		—	1,632		—	—	—	—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—		—	—		—	—		—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—		—	—		—	—		—	—	—	—	—	—
Operating (loss) income	458	(2,343	)	947	3,994		—	649		—	—	—	—	—	—
Minority interest income	—	—		—	—		—	—		—	—	—	—	—	—
Interest expense, net	—	—		—	(2,125	)	—	(33	)	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—		—	—		—	—		—	—	—	—	—	—
Equity in income from consolidated entities	—	—		—	—		—	—		—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	458	(2,343	)	947	1,869		—	616		—	—	—	—	—	—
Income tax expense	—	—		—	—		—	—		—	—	—	—	—	—
(Loss) income from continuing operations	458	(2,343	)	947	1,869		—	616		—	—	—	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—		—	—		—	—		—	—	—	—	—	—
Income tax (expense) benefit	—	—		—	—		—	—		—	—	—	—	—	—
(Loss) income from discontinued operations	—	—		—	—		—	—		—	—	—	—	—	—
Net (loss) income	458	(2,343	)	947	1,869		—	616		—	—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Operations

Nine months ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 6A, LLC	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Consolidation Eliminations		Total Consolidated
Revenue:
Hotel operations:
Rooms	—	—	389,870		389,870		—		389,870
Food and beverage	—	—	158,322		158,322		—		158,322
Other hotel operations	—	—	34,787		34,787		—		34,787
Office rental, parking and other revenue	—	—	150		2,912		—		4,941
Participating lease revenue	—	—	—		67,232		(186,446	)	—
Total revenue	—	—	583,129		653,123		(186,446	)	587,920
Hotel operating expenses:
Rooms	—	—	95,766		95,766		—		95,766
Food and beverage	—	—	112,613		112,613		—		112,613
Other hotel operating expenses	—	—	22,124		22,124		—		22,124
Office rental, parking and other expenses	—	—	—		1,525		—		2,381
Other operating expenses:
General and administrative, hotel	—	—	93,499		93,542		—		93,643
General and administrative, corporate	—	—	105		105		—		10,361
Property operating costs	—	—	89,622		89,622		—		89,622
Depreciation and amortization	—	—	—		23,734		—		72,752
Property taxes, insurance and other	—	—	188,184		198,028		(186,446	)	33,439
Loss on asset impairments	—	—	—		5,541		—		40,343
Contract termination costs	—	—	1,081		1,081		—		1,081
Operating expenses	—	—	602,994		643,681		(186,446	)	574,125
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	4,261		4,261		—		7,257
Hurricane business interruption insurance gain	—	—	4,290		4,290		—		4,290
Operating (loss) income	—	—	(11,314	)	17,993		—		25,342
Minority interest income	—	—	—		—		—		36
Interest expense, net	—	—	(10,708	)	(15,789	)	—		(91,563	)
Loss on early extinguishments of debt	—	—	—		—		—		(55,172	)
Equity in income from consolidated entities	—	—	—		—		57,355		—
(Loss) income before income taxes and discontinued operations	—	—	(22,022	)	2,204		57,355		(121,357	)
Income tax expense	—	—	(126	)	(126	)	—		(429	)
(Loss) income from continuing operations	—	—	(22,148	)	2,078		57,355		(121,786	)
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	(5,141	)	(4,973	)	—		(8,672	)
Income tax (expense) benefit	—	—	—		—		—		—
(Loss) income from discontinued operations	—	—	(5,141	)	(4,973	)	—		(8,672	)
Net (loss) income	—	—	(27,289	)	(2,895	)	57,355		(130,458	)

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non-Guarantor Subsidiaries		MeriStar Sub 7C, LLC	MeriStar Sub 8G, LLC	AGH Upreit, LLC	MeriStar Sub 6H, L.P.	MeriStar Sub 8F, L.P.	MeriStar Sub 8B, LLC		MeriStar Sub 1C, LLC		MeriStar Sub 8E, LLC	MeriStar Sub 7F, LLC
Revenue:
Hotel operations:
Rooms	—		—		—	—	—	—	—	—		—		—	—
Food and beverage	—		—		—	—	—	—	—	—		—		—	—
Other hotel operations	—		—		—	—	—	—	—	—		—		—	—
Office rental, parking and other revenue	97		1,860		—	—	—	—	—	—		—		24	—
Participating lease revenue	27,902		93,628		—	—	—	996	1,803	5,591		888		1,113	758
Total revenue	27,999		95,488		—	—	—	996	1,803	5,591		888		1,137	758
Hotel operating expenses:
Rooms	—		—		—	—	—	—	—	—		—		—	—
Food and beverage	—		—		—	—	—	—	—	—		—		—	—
Other hotel operating expenses	—		—		—	—	—	—	—	—		—		—	—
Office rental, parking and other expenses	—		849		—	—	—	—	—	—		—		—	—
Other operating expenses:
General and administrative, hotel	20		31		—	—	—	—	—	(2,612	)	—		—	—
General and administrative, corporate	9,458		—		—	—	—	—	—	—		—		—	—
Property operating costs	—		—		—	—	—	—	—	—		—		—	—
Depreciation and amortization	12,679		32,895		—	—	—	470	493	1,815		1,042		447	243
Property taxes, insurance and other	22,716		12,843		—	—	—	75	472	836		528		137	93
Loss on asset impairments	—		—		—	—	—	—	—	—		—		—	—
Contract termination costs	—		—		—	—	—	—	—	—		—		—	—
Operating expenses	44,873		46,618		—	—	—	545	965	39		1,570		584	336
Equity in income/loss of and interest earned from unconsolidated affiliates	4,800		—		—	—	—	—	—	—		—		—	—
Hurricane business interruption insurance gain	—		—		—	—	—	—	—	—		—		—	—
Operating (loss) income	(12,074	)	48,870		—	—	—	451	838	5,552		(682	)	553	422
Minority interest income	65		—		—	—	—	—	—	—		—		—	—
Interest expense, net	(61,550	)	(25,130	)	—	—	—	—	—	—		—		—	—
Loss on early extinguishments of debt	(7,903	)	—		—	—	—	—	—	—		—		—	—
Equity in income from consolidated entities	(2,243	)	—		—	—	—	—	—	—		—		—	—
(Loss) income before income taxes and discontinued operations	(83,705	)	23,740		—	—	—	451	838	5,552		(682	)	553	422
Income tax benefit	604		—		—	—	—	—	—	—		—		—	—
(Loss) income from continuing operations	(83,101	)	23,740		—	—	—	451	838	5,552		(682	)	553	422
Discontinued operations:
(Loss) income from discontinued operations before income tax	2,510		2,470		—	—	—	—	—	—		—		—	—
Income tax (expense) benefit	116		—		—	—	—	—	—	—		—		—	—
(Loss) income from discontinued operations	2,626		2,470		—	—	—	—	—	—		—		—	—
Net (loss) income	(80,475	)	26,210		—	—	—	451	838	5,552		(682	)	553	422

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5L, LLC	MeriStar Sub 3C, LLC	MeriStar Sub 5R, LLC	MeriStar Sub 8A, LLC	MeriStar Sub 6D, LLC	MeriStar Sub 6E, LLC	MeriStar Sub 4E, L.P.		MeriStar Sub 1B, LLC		MeriStar Sub 5F, L.P.	MeriStar Sub 6G, LLC	MeriStar Sub 8C, LLC		MeriStar Sub 4C, L.P.
Revenue:
Hotel operations:
Rooms	—	—	—	—	—	—	—		—		—	—	—		—
Food and beverage	—	—	—	—	—	—	—		—		—	—	—		—
Other hotel operations	—	—	—	—	—	—	—		—		—	—	—		—
Office rental, parking and other revenue	—	2	—	—	47	—	—		(4	)	—	—	—		—
Participating lease revenue	734	1,429	—	—	1,545	4,570	—		1,689		1,790	2,682	—		—
Total revenue	734	1,431	—	—	1,592	4,570	—		1,685		1,790	2,682	—		—
Hotel operating expenses:
Rooms	—	—	—	—	—	—	—		—		—	—	—		—
Food and beverage	—	—	—	—	—	—	—		—		—	—	—		—
Other hotel operating expenses	—	—	—	—	—	—	—		—		—	—	—		—
Office rental, parking and other expenses	—	—	—	—	—	—	—		—		—	—	—		—
Other operating expenses:
General and administrative, hotel	—	—	—	—	—	—	—		—		—	—	—		—
General and administrative, corporate	—	—	—	—	—	—	—		—		—	—	—		—
Property operating costs	—	—	—	—	—	—	—		—		—	—	—		—
Depreciation and amortization	115	533	—	—	379	1,207	—		368		587	545	—		—
Property taxes, insurance and other	114	304	—	—	228	429	—		97		276	294	—		—
Loss on asset impairments	—	—	—	—	—	—	—		—		—	—	—		—
Contract termination costs	—	—	—	—	—	—	—		—		—	—	—		—
Operating expenses	229	837	—	—	607	1,636	—		465		863	839	—		—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—	—	—	—		—		—	—	—		—
Hurricane business interruption insurance gain	—	—	—	—	—	—	—		—		—	—	—		—
Operating (loss) income	505	594	—	—	985	2,934	—		1,220		927	1,843	—		—
Minority interest income	—	—	—	—	—	—	—		—		—	—	—		—
Interest expense, net	—	—	—	—	—	—	—		—		—	—	—		—
Loss on early extinguishments of debt	—	—	—	—	—	—	—		—		—	—	—		—
Equity in income from consolidated entities	—	—	—	—	—	—	—		—		—	—	—		—
(Loss) income before income taxes and discontinued operations	505	594	—	—	985	2,934	—		1,220		927	1,843	—		—
Income tax benefit	—	—	—	—	—	—	—		—		—	—	—		—
(Loss) income from continuing operations	505	594	—	—	985	2,934	—		1,220		927	1,843	—		—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	—	—	—	—	(461	)	—		—	—	(61	)	—
Income tax (expense) benefit	—	—	—	—	—	—	—		—		—	—	—		—
(Loss) income from discontinued operations	—	—	—	—	—	—	(461	)	—		—	—	(61	)	—
Net (loss) income	505	594	—	—	985	2,934	(461	)	1,220		927	1,843	(61	)	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 4H, L.P.		MeriStar Sub 7E, LLC	MeriStar Sub 3D, LLC	MeriStar Sub 1A, LLC		MeriStar Sub 7A Joint Venture		MeriStar Sub 2B, LLC	MeriStar Sub 3A, LLC	MeriStar Sub 4A, LLC	MeriStar Sub 4D, LLC	MeriStar Sub 2A, LLC	MeriStar Sub 6L, LLC	MDV Limited Partnership
Revenue:
Hotel operations:
Rooms	—		—	—	—		—		—	—	—	—	—	—	—
Food and beverage	—		—	—	—		—		—	—	—	—	—	—	—
Other hotel operations	—		—	—	—		—		—	—	—	—	—	—	—
Office rental, parking and other revenue	—		1	—	—		—		—	—	—	—	—	—	—
Participating lease revenue	—		1,034	1,179	—		—		—	—	—	—	—	—	389
Total revenue	—		1,035	1,179	—		—		—	—	—	—	—	—	389
Hotel operating expenses:
Rooms	—		—	—	—		—		—	—	—	—	—	—	—
Food and beverage	—		—	—	—		—		—	—	—	—	—	—	—
Other hotel operating expenses	—		—	—	—		—		—	—	—	—	—	—	—
Office rental, parking and other expenses	—		—	—	—		—		—	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—		—	—	—		—		—	—	—	—	—	—	—
General and administrative, corporate	—		—	—	—		—		—	—	—	—	—	—	—
Property operating costs	—		—	—	—		—		—	—	—	—	—	—	—
Depreciation and amortization	—		478	542	—		—		—	—	—	—	—	—	105
Property taxes, insurance and other	—		151	187	—		—		—	—	—	—	—	—	98
Loss on asset impairments	—		—	—	—		—		—	—	—	—	—	—	—
Contract termination costs	—		—	—	—		—		—	—	—	—	—	—	—
Operating expenses	—		629	729	—		—		—	—	—	—	—	—	203
Equity in income/loss of and interest earned from unconsolidated affiliates	—		—	—	—		—		—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—		—	—	—		—		—	—	—	—	—	—	—
Operating (loss) income	—		406	450	—		—		—	—	—	—	—	—	186
Minority interest income	—		—	—	—		—		—	—	—	—	—	—	—
Interest expense, net	—		—	—	—		—		—	—	—	—	—	—	—
Loss on early extinguishments of debt	—		—	—	—		—		—	—	—	—	—	—	—
Equity in income from consolidated entities	—		—	—	—		—		—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	—		406	450	—		—		—	—	—	—	—	—	186
Income tax benefit	—		—	—	—		—		—	—	—	—	—	—	—
(Loss) income from continuing operations	—		406	450	—		—		—	—	—	—	—	—	186
Discontinued operations:
(Loss) income from discontinued operations before income tax	(403	)	—	—	(758	)	(732	)	—	89	97	—	—	1,852	—
Income tax (expense) benefit	—		—	—	—		—		—	—	—	—	—	—	—
(Loss) income from discontinued operations	(403	)	—	—	(758	)	(732	)	—	89	97	—	—	1,852	—
Net (loss) income	(403	)	406	450	(758	)	(732	)	—	89	97	—	—	1,852	186

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5C, LLC	MeriStar Sub 6J, LLC	MeriStar Sub 1D, L.P.	MeriStar Sub 7B, L.P.		MeriStar Sub 7D, LLC	MeriStar Sub 7G, LLC	MeriStar Sub 6B, LLC	MeriStar Sub 4I, L.P.	MeriStar Sub 5D, LLC		MeriStar Sub 5H, LLC	MeriStar Sub 7H, LLC	AGH PSS I, Inc.
Revenue:
Hotel operations:
Rooms	—	—	—	—		—	—	—	—	—		—	—	—
Food and beverage	—	—	—	—		—	—	—	—	—		—	—	—
Other hotel operations	—	—	—	—		—	—	—	—	—		—	—	—
Office rental, parking and other revenue	—	—	218	—		1,346	—	—	—	—		—	—	—
Participating lease revenue	—	1,964	3,872	—		4,382	—	902	—	1,697		—	—	—
Total revenue	—	1,964	4,090	—		5,728	—	902	—	1,697		—	—	—
Hotel operating expenses:
Rooms	—	—	—	—		—	—	—	—	—		—	—	—
Food and beverage	—	—	—	—		—	—	—	—	—		—	—	—
Other hotel operating expenses	—	—	—	—		—	—	—	—	—		—	—	—
Office rental, parking and other expenses	—	—	86	—		666	—	—	—	—		—	—	—
Other operating expenses:
General and administrative, hotel	—	—	5	—		—	—	—	—	—		—	—	—
General and administrative, corporate	—	—	—	—		—	—	—	—	—		—	—	—
Property operating costs	—	—	—	—		—	—	—	—	—		—	—	—
Depreciation and amortization	—	418	1,704	—		1,214	—	335	—	1,089		—	—	—
Property taxes, insurance and other	—	220	1,152	—		951	—	168	—	151		—	—	—
Loss on asset impairments	—	—	—	—		—	—	—	—	—		—	—	—
Contract termination costs	—	—	—	—		—	—	—	—	—		—	—	—
Operating expenses	—	638	2,947	—		2,831	—	503	—	1,240		—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—		—	—	—	—	—		—	—	—
Hurricane business interruption insurance gain	—	—	—	—		—	—	—	—	—		—	—	—
Operating (loss) income	—	1,326	1,143	—		2,897	—	399	—	457		—	—	—
Minority interest income	—	—	—	—		—	—	—	—	—		—	—	—
Interest expense, net	—	—	—	—		—	—	—	—	(1,003	)	—	—	—
Loss on early extinguishments of debt	—	—	—	—		—	—	—	—	—		—	—	—
Equity in income from consolidated entities	—	—	—	—		—	—	—	—	—		—	—	—
(Loss) income before income taxes and discontinued operations	—	1,326	1,143	—		2,897	—	399	—	(546	)	—	—	—
Income tax benefit	—	—	—	—		—	—	—	—	—		—	—	—
(Loss) income from continuing operations	—	1,326	1,143	—		2,897	—	399	—	(546	)	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	—	(787	)	—	103	—	—	—		—	—	—
Income tax (expense) benefit	—	—	—	—		—	—	—	—	—		—	—	—
(Loss) income from discontinued operations	—	—	—	(787	)	—	103	—	—	—		—	—	—
Net (loss) income	—	1,326	1,143	(787	)	2,897	103	399	—	(546	)	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 2D, LLC	MeriStar Sub 4F, L.P.	MeriStar Sub 5K, LLC	MeriStar Sub 5M, LLC	MeriStar Sub 1E, L.P.	MeriStar Sub 5O, LLC	MeriStar Sub 4B, L.P.		MeriStar Sub 2C, LLC		MeriStar Sub 4G, L.P.			MeriStar Sub 3B, LLC	MeriStar Sub 5G, L.P.	MeriStar Sub 5N, LLC
Revenue:
Hotel operations:
Rooms	—	—	—	—	—	—	—		—		—			—	—	—
Food and beverage	—	—	—	—	—	—	—		—		—			—	—	—
Other hotel operations	—	—	—	—	—	—	—		—		—			—	—	—
Office rental, parking and other revenue	—	14	—	—	—	—	—		—		—			—	21	—
Participating lease revenue	—	1,476	—	1,149	—	542	—		—		—			—	7,885	591
Total revenue	—	1,490	—	1,149	—	542	—		—		—			—	7,906	591
Hotel operating expenses:
Rooms	—	—	—	—	—	—	—		—		—			—	—	—
Food and beverage	—	—	—	—	—	—	—		—		—			—	—	—
Other hotel operating expenses	—	—	—	—	—	—	—		—		—			—	—	—
Office rental, parking and other expenses	—	—	—	—	—	—	—		—		—			—	—	—
Other operating expenses:
General and administrative, hotel	—	—	—	—	—	—	—		—		—			—	—	—
General and administrative, corporate	—	—	—	—	—	—	—		—		—			—	—	—
Property operating costs	—	—	—	—	—	—	—		—		—			—	—	—
Depreciation and amortization	—	828	—	356	—	172	—		—		—			—	4,744	104
Property taxes, insurance and other	—	280	—	201	—	77	—		—		—			—	1,210	78
Loss on asset impairments	—	—	—	—	—	—	—		—		—			—	—	—
Contract termination costs	—	—	—	—	—	—	—		—		—			—	—	—
Operating expenses	—	1,108	—	557	—	249	—		—		—			—	5,954	182
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—	—	—	—		—		—			—	—	—
Hurricane business interruption insurance gain	—	—	—	—	—	—	—		—		—			—	—	—
Operating (loss) income	—	382	—	592	—	293	—		—		—			—	1,952	409
Minority interest income	—	—	—	—	—	—	—		—		—			—	—	—
Interest expense, net	—	—	—	—	—	—	—		—		—			—	—	—
Loss on early extinguishments of debt	—	—	—	—	—	—	—		—		—			—	—	—
Equity in income from consolidated entities	—	—	—	—	—	—	—		—		—			—	—	—
(Loss) income before income taxes and discontinued operations	—	382	—	592	—	293	—		—		—			—	1,952	409
Income tax benefit	—	—	—	—	—	—	—		—		—			—	—	—
(Loss) income from continuing operations	—	382	—	592	—	293	—		—		—			—	1,952	409
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	451	—	—	—	(217	)	(3,242	)	(168	)		—	—	—
Income tax (expense) benefit	—	—	—	—	—	—	—		—		—			—	—	—
(Loss) income from discontinued operations	—	—	451	—	—	—	(217	)	(3,242	)	(168	)		—	—	—
Net (loss) income	—	382	451	592	—	293	(217	)	(3,242	)	(168	)	��	—	1,952	409

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5P, LLC	MeriStar Sub 5J, LLC	MeriStar Sub 5Q, LLC	MeriStar Sub 5A, LLC		MeriStar Sub 8D, LLC	MeriStar Sub 4J, LLC	MeriStar Sub 6K, LLC	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC
Revenue:
Hotel operations:
Rooms	—	—	—	—		—	—	—	—	—	—	—	—
Food and beverage	—	—	—	—		—	—	—	—	—	—	—	—
Other hotel operations	—	—	—	—		—	—	—	—	—	—	—	—
Office rental, parking and other revenue	—	—	—	78		—	157	—	—	—	—	—	—
Participating lease revenue	587	6,380	1,314	4,545		—	2,144	—	—	—	—	—	—
Total revenue	587	6,380	1,314	4,623		—	2,301	—	—	—	—	—	—
Hotel operating expenses:
Rooms	—	—	—	—		—	—	—	—	—	—	—	—
Food and beverage	—	—	—	—		—	—	—	—	—	—	—	—
Other hotel operating expenses	—	—	—	—		—	—	—	—	—	—	—	—
Office rental, parking and other expenses	—	—	—	—		—	337	—	—	—	—	—	—
Other operating expenses:
General and administrative, hotel	—	28	—	2		—	—	—	—	—	—	—	—
General and administrative, corporate	—	—	—	—		—	—	—	—	—	—	—	—
Property operating costs	—	—	—	—		—	—	—	—	—	—	—	—
Depreciation and amortization	3	4,232	441	798		—	948	—	—	—	—	—	—
Property taxes, insurance and other	5	1,208	204	584		—	253	—	—	—	—	—	—
Loss on asset impairments	—	—	—	—		—	—	—	—	—	—	—	—
Contract termination costs	—	—	—	—		—	—	—	—	—	—	—	—
Operating expenses	8	5,468	645	1,384		—	1,538	—	—	—	—	—	—
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—	—		—	—	—	—	—	—	—	—
Hurricane business interruption insurance gain	—	—	—	—		—	—	—	—	—	—	—	—
Operating (loss) income	579	912	669	3,239		—	763	—	—	—	—	—	—
Minority interest income	—	—	—	—		—	—	—	—	—	—	—	—
Interest expense, net	—	—	—	(2,125	)	—	—	—	—	—	—	—	—
Loss on early extinguishments of debt	—	—	—	—		—	—	—	—	—	—	—	—
Equity in income from consolidated entities	—	—	—	—		—	—	—	—	—	—	—	—
(Loss) income before income taxes and discontinued operations	579	912	669	1,114		—	763	—	—	—	—	—	—
Income tax benefit	—	—	—	—		—	—	—	—	—	—	—	—
(Loss) income from continuing operations	579	912	669	1,114		—	763	—	—	—	—	—	—
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	—	—		143	—	—	—	—	—	—	—
Income tax (expense) benefit	—	—	—	—		—	—	—	—	—	—	—	—
(Loss) income from discontinued operations	—	—	—	—		143	—	—	—	—	—	—	—
Net (loss) income	579	912	669	1,114		143	763	—	—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidated Statement of Operations

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 6A, LLC	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Consolidation Eliminations		Total Consolidated
Revenue:
Hotel operations:
Rooms	—	—	378,807		378,807		—		378,807
Food and beverage	—	—	147,936		147,936		—		147,936
Other hotel operations	—	—	43,100		43,100		—		43,100
Office rental, parking and other revenue	—	—	160		2,064		—		4,021
Participating lease revenue	—	—	—		67,620		(189,150	)	—
Total revenue	—	—	570,003		639,527		(189,150	)	573,864
Hotel operating expenses:
Rooms	—	—	94,565		94,565		—		94,565
Food and beverage	—	—	109,284		109,284		—		109,284
Other hotel operating expenses	—	—	27,290		27,290		—		27,290
Office rental, parking and other expenses	—	—	—		1,089		—		1,938
Other operating expenses:
General and administrative, hotel	—	—	91,476		88,899		—		88,950
General and administrative, corporate	—	—	167		167		—		9,625
Property operating costs	—	—	85,796		85,796		—		85,796
Depreciation and amortization	—	—	98		26,853		—		72,427
Property taxes, insurance and other	—	—	185,867		196,928		(189,150	)	43,337
Loss on asset impairments	—	—	—		—		—		—
Contract termination costs	—	—	—		—		—		—
Operating expenses	—	—	594,543		630,871		(189,150	)	533,212
Equity in income/loss of and interest earned from unconsolidated affiliates	—	—	—		—		—		4,800
Hurricane business interruption insurance gain	—	—	—		—		—		—
Operating (loss) income	—	—	(24,540	)	8,656		—		45,452
Minority interest income	—	—	—		—		—		65
Interest expense, net	—	—	(5,778	)	(8,906	)	—		(95,586	)
Loss on early extinguishments of debt	—	—	—		—		—		(7,903	)
Equity in income from consolidated entities	—	—	—		—		2,243		—
(Loss) income before income taxes and discontinued operations	—	—	(30,318	)	(250	)	2,243		(57,972	)
Income tax benefit	—	—	—		—		—		604
(Loss) income from continuing operations	—	—	(30,318	)	(250	)	2,243		(57,368	)
Discontinued operations:
(Loss) income from discontinued operations before income tax	—	—	(24,109	)	(28,203	)	—		(23,223	)
Income tax (expense) benefit	—	—	—		—		—		116
(Loss) income from discontinued operations	—	—	(24,109	)	(28,203	)	—		(23,107	)
Net (loss) income	—	—	(54,427	)	(28,453	)	2,243		(80,475	)

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non- Guarantor Subsidiaries		MeriStar Sub 7C, LLC	MeriStar Sub 8G, LLC	AGH Upreit, LLC	MeriStar Sub 6H, L.P.		MeriStar Sub 8F, L.P.		MeriStar Sub 8B, LLC		MeriStar Sub 1C, LLC		MeriStar Sub 8E, LLC		MeriStar Sub 7F, LLC
Operating activities:
Net (loss) income	(130,458	)	(54,460	)	—	—	—	467		819		3,567		(2,141	)	637		530
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	11,670		39,333		—	—	—	447		481		1,768		914		411		337
Equity in earnings of consolidated entities	57,355		—		—	—	—	—		—		—		—		—		—
Loss on asset impairments	3,228		37,817		—	—	—	—		—		—		1,580		—		—
Loss on sale of assets, before tax effect	53		372		—	—	—	—		—		—		—		—		—
Loss on early extinguishments of debt	433		—		—	—	—	—		—		—		—		—		—
Minority interests	(36	)	—		—	—	—	—		—		—		—		—		—
Equity in loss of unconsolidated affiliate	1,342		—		—	—	—	—		—		—		—		—		—
Amortization of unearned stock-based compensation	848		—		—	—	—	—		—		—		—		—		—
Deferred income taxes	—		—		—	—	—	—		—		—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	40,895		—		—	—	—	—		—		—		—		—		—
Accounts receivable, net	(20,663	)	1,106		—	—	—	—		—		(63	)	—		—		—
Prepaid expenses and other assets	2,023		2,703		—	—	—	(26	)	(88	)	(101	)	(241	)	(31	)	(18	)
Receivables from unconsolidated affiliates	12,128		—		—	—	—	—		—		—		—		—		—
Due to Interstate Hotels & Resorts	801		(597	)	—	—	—	—		—		—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	(11,018	)	1,226		—	—	—	65		214		(79	)	(7	)	(37	)	31
Due to/from subsidiaries	104,600		(49,371	)	—	—	—	(930	)	(1,033	)	3,474		222		(1,299	)	(1,582	)
Net cash provided by (used in) operating activities	73,201		(21,871	)	—	—	—	23		393		8,566		327		(319	)	(702	)
Investing activities:
Acquisition of hotels, net of cash acquired	—		—		—	—	—	—		—		—		—		—		—
Capital expenditures for property and equipment	(31,857	)	(50,416	)	—	—	—	(23	)	(393	)	(8,566	)	(327	)	(309	)	66
Deposit on investment in hotel	—		—		—	—	—	—		—		—		—		—		—
Proceeds from sales of assets	25,325		14,700		—	—	—	—		—		—		—		—		—
Estimated insurance proceeds related to capital expenditures	7,700		—		—	—	—	—		—		—		—		—		—
Decrease (increase) in restricted cash	48,071		(986	)	—	—	—	—		—		—		—		—		—
Costs associated with disposition program and other, net	(845	)	(448	)	—	—	—	—		—		—		—		—		—
Net cash (used in) provided by investing activities	48,394		(37,150	)	—	—	—	(23	)	(393	)	(8,566	)	(327	)	(309	)	66
Financing activities:
Prepayments on debt	(84,461	)	(298,110	)	—	—	—	—		—		—		—		—		—
Scheduled payments on debt	—		(16,056	)	—	—	—	—		—		—		—		—		—
Proceeds from mortgage loans, net of financing costs	—		39,565		—	—	—	—		—		—		—		—		—
Proceeds from debt issuance, net of financing costs	—		320,704		—	—	—	—		—		—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	(2,481	)	12,918		—	—	—	—		—		—		—		628		636
Distributions to minority investors	—		—		—	—	—	—		—		—		—		—		—
Loans to/from subsidiaries	(61,000	)	—		—	—	—	—		—		—		—		—		—
Proceeds from OP units issuance, net of issuance costs	346		—		—	—	—	—		—		—		—		—		—
Purchase of subsidiary partnership interests	—		—		—	—	—	—		—		—		—		—		—
Repurchase of OP units under employee stock plans	(851	)	—		—	—	—	—		—		—		—		—		—
Other	—		—		—	—	—	—		—		—		—		—		—
Net cash (used in) provided by financing activities	(148,447	)	59,021		—	—	—	—		—		—		—		628		636
Effect of exchange rate changes on cash and cash equivalents	—		—		—	—	—	—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents	(26,852	)	—		—	—	—	—		—		—		—		—		—
Cash and cash equivalents, beginning of period	41,224		—		—	—	—	—		—		—		—		—		—
Cash and cash equivalents, end of period	14,372		—		—	—	—	—		—		—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 5L, LLC		MeriStar Sub 3C, LLC		MeriStar Sub 5R, LLC	MeriStar Sub 8A, LLC	MeriStar Sub 6D, LLC		MeriStar Sub 6E, LLC		MeriStar Sub 4E, L.P.		MeriStar Sub 1B, LLC		MeriStar Sub 5F, L.P.		MeriStar Sub 6G, LLC		MeriStar Sub 8C, LLC
Operating activities:
Net (loss) income	418		922		—	—	1,596		2,282		—		1,218		1,185		2,378		—
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	121		464		—	—	321		1,118		—		448		462		510		—
Equity in earnings of consolidated entities	—		—		—	—	—		—		—		—		—		—		—
Loss on asset impairments	—		—		—	—	—		—		—		—		—		—		—
Loss on sale of assets, before tax effect	—		—		—	—	—		—		—		—		—		—		—
Loss on early extinguishments of debt	—		—		—	—	—		—		—		—		—		—		—
Minority interests	—		—		—	—	—		—		—		—		—		—		—
Equity in loss of unconsolidated affiliate	—		—		—	—	—		—		—		—		—		—		—
Amortization of unearned stock-based compensation	—		—		—	—	—		—		—		—		—		—		—
Deferred income taxes	—		—		—	—	—		—		—		—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—		—		—	—	—		—		—		—		—		—		—
Accounts receivable, net	254		—		—	—	16		—		64		—		—		—		—
Prepaid expenses and other assets	(77	)	(18	)	—	—	(21	)	(40	)	—		(85	)	(187	)	(35	)	—
Receivables from unconsolidated affiliates	—		—		—	—	—		—		—		—		—		—		—
Due to Interstate Hotels & Resorts	—		—		—	—	—		—		—		—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	65		94		—	—	44		183		(5	)	88		191		(93	)	—
Due to/from subsidiaries	729		(1,987	)	—	—	(1,796	)	(34,589	)	(59	)	(2,641	)	17,789		(1,413	)	—
Net cash provided by (used in) operating activities	1,510		(525	)	—	—	160		(31,046	)	—		(972	)	19,440		1,347		—
Investing activities:
Acquisition of hotels, net of cash acquired	—		—		—	—	—		—		—		—		—		—		—
Capital expenditures for property and equipment	(1,510	)	(604	)	—	—	(160	)	(2,731	)	—		(1,242	)	(19,440	)	(1,347	)	—
Deposit on investment in hotel	—		—		—	—	—		—		—		—		—		—		—
Proceeds from sales of assets	—		—		—	—	—		—		—		—		—		—		—
Estimated insurance proceeds related to capital expenditures	—		—		—	—	—		—		—		—		—		—		—
Decrease (increase) in restricted cash	—		—		—	—	—		(32	)	—		—		—		—		—
Costs associated with disposition program and other, net	—		—		—	—	—		—		—		—		—		—		—
Net cash (used in) provided by investing activities	(1,510	)	(604	)	—	—	(160	)	(2,763	)	—		(1,242	)	(19,440	)	(1,347	)	—
Financing activities:
Prepayments on debt	—		—		—	—	—		—		—		—		—		—		—
Scheduled payments on debt	—		—		—	—	—		—		—		(5	)	—		—		—
Proceeds from mortgage loans, net of financing costs	—		—		—	—	—		33,809		—		—		—		—		—
Proceeds from debt issuance, net of financing costs	—		—		—	—	—		—		—		—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—		1,129		—	—	—		—		—		2,219		—		—		—
Distributions to minority investors	—		—		—	—	—		—		—		—		—		—		—
Loans to/from subsidiaries	—		—		—	—	—		—		—		—		—		—		—
Proceeds from OP units issuance, net of issuance costs	—		—		—	—	—		—		—		—		—		—		—
Purchase of subsidiary partnership interests	—		—		—	—	—		—		—		—		—		—		—
Repurchase of OP units under employee stock plans	—		—		—	—	—		—		—		—		—		—		—
Other	—		—		—	—	—		—		—		—		—		—		—
Net cash (used in) provided by financing activities	—		1,129		—	—	—		33,809		—		2,214		—		—		—
Effect of exchange rate changes on cash and cash equivalents	—		—		—	—	—		—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents	—		—		—	—	—		—		—		—		—		—		—
Cash and cash equivalents, beginning of period	—		—		—	—	—		—		—		—		—		—		—
Cash and cash equivalents, end of period	—		—		—	—	—		—		—		—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 4C, L.P.	MeriStar Sub 4H, L.P.		MeriStar Sub 7E, LLC		MeriStar Sub 3D, LLC		MeriStar Sub 1A, LLC		MeriStar Sub 7A Joint Venture		MeriStar Sub 2B, LLC	MeriStar Sub 3A, LLC	MeriStar Sub 4A, LP	MeriStar Sub 4D, LLC	MeriStar Sub 2A, LLC
Operating activities:
Net (loss) income	—	—		476		(3,223	)	168		—		—	—	—	—	—
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—	—		446		481		126		—		—	—	—	—	—
Equity in earnings of consolidated entities	—	—		—		—		—		—		—	—	—	—	—
Loss on asset impairments	—	—		—		3,961		403		—		—	—	—	—	—
Loss on sale of assets, before tax effect	—	—		—		—		37		—		—	—	—	—	—
Loss on early extinguishments of debt	—	—		—		—		—		—		—	—	—	—	—
Minority interests	—	—		—		—		—		—		—	—	—	—	—
Equity in loss of unconsolidated affiliate	—	—		—		—		—		—		—	—	—	—	—
Amortization of unearned stock-based compensation	—	—		—		—		—		—		—	—	—	—	—
Deferred income taxes	—	—		—		—		—		—		—	—	—	—	—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—	—		—		—		—		—		—	—	—	—	—
Accounts receivable, net	—	—		—		—		—		(44	)	—	—	—	—	—
Prepaid expenses and other assets	—	—		(27	)	(50	)	(96	)	—		—	—	—	—	—
Receivables from unconsolidated affiliates	—	—		—		—		—		—		—	—	—	—	—
Due to Interstate Hotels & Resorts	—	—		—		—		(585	)	—		—	—	—	—	—
Accounts payable, accrued expenses, accrued interest and other liabilities	—	—		(38	)	114		(26	)	—		—	—	—	—	—
Due to/from subsidiaries	—	(1	)	(587	)	(87	)	(5,124	)	44		—	—	—	—	—
Net cash provided by (used in) operating activities	—	(1	)	270		1,196		(5,097	)	—		—	—	—	—	—
Investing activities:
Acquisition of hotels, net of cash acquired	—	—		—		—		—		—		—	—	—	—	—
Capital expenditures for property and equipment	—	1		(270	)	(1,196	)	105		—		—	—	—	—	—
Deposit on investment in hotel	—	—		—		—		—		—		—	—	—	—	—
Proceeds from sales of assets	—	—		—		—		5,800		—		—	—	—	—	—
Estimated insurance proceeds related to capital expenditures	—	—		—		—		—		—		—	—	—	—	—
Decrease (increase) in restricted cash	—	—		—		—		—		—		—	—	—	—	—
Costs associated with disposition program and other, net	—	—		—		—		(808	)	—		—	—	—	—	—
Net cash (used in) provided by investing activities	—	1		(270	)	(1,196	)	5,097		—		—	—	—	—	—
Financing activities:
Prepayments on debt	—	—		—		—		—		—		—	—	—	—	—
Scheduled payments on debt	—	—		—		—		—		—		—	—	—	—	—
Proceeds from mortgage loans, net of financing costs	—	—		—		—		—		—		—	—	—	—	—
Proceeds from debt issuance, net of financing costs	—	—		—		—		—		—		—	—	—	—	—
Net borrowings under credit facility revolver, net of financing costs	—	—		—		—		—		—		—	—	—	—	—
Distributions to minority investors	—	—		—		—		—		—		—	—	—	—	—
Loans to/from subsidiaries	—	—		—		—		—		—		—	—	—	—	—
Proceeds from OP units issuance, net of issuance costs	—	—		—		—		—		—		—	—	—	—	—
Purchase of subsidiary partnership interests	—	—		—		—		—		—		—	—	—	—	—
Repurchase of OP units under employee stock plans	—	—		—		—		—		—		—	—	—	—	—
Other	—	—		—		—		—		—		—	—	—	—	—
Net cash (used in) provided by financing activities	—	—		—		—		—		—		—	—	—	—	—
Effect of exchange rate changes on cash and cash equivalents	—	—		—		—		—		—		—	—	—	—	—
Net (decrease) increase in cash and cash equivalents	—	—		—		—		—		—		—	—	—	—	—
Cash and cash equivalents, beginning of period	—	—		—		—		—		—		—	—	—	—	—
Cash and cash equivalents, end of period	—	—		—		—		—		—		—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 6L, LLC	MDV Limited Partnership		MeriStar Sub 5C, LLC	MeriStar Sub 6J, LLC		MeriStar Sub 1D, LLC		MeriStar Sub 7B, L.P.	MeriStar Sub 7D, LLC		MeriStar Sub 7G, LLC	MeriStar Sub 6B, LLC		MeriStar Sub 4I, L.P.	MeriStar Sub 5D, LLC
Operating activities:
Net (loss) income	—	117		—	1,901		2,110		—	2,748		—	511		—	(822	)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—	141		—	369		1,550		—	1,076		—	296		—	985
Equity in earnings of consolidated entities	—	—		—	—		—		—	—		—	—		—	—
Loss on asset impairments	—	—		—	—		—		—	—		—	—		—	—
Loss on sale of assets, before tax effect	—	—		—	—		—		—	—		—	—		—	—
Loss on early extinguishments of debt	—	—		—	—		—		—	—		—	—		—	—
Minority interests	—	—		—	—		—		—	—		—	—		—	—
Equity in loss of unconsolidated affiliate	—	—		—	—		—		—	—		—	—		—	—
Amortization of unearned stock-based compensation	—	—		—	—		—		—	—		—	—		—	—
Deferred income taxes	—	—		—	—		—		—	—		—	—		—	—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—	—		—	—		—		—	—		—	—		—	—
Accounts receivable, net	—	—		—	—		—		—	(131	)	—	—		—	—
Prepaid expenses and other assets	—	(33	)	—	(16	)	(550	)	—	(31	)	—	(14	)	—	(94	)
Receivables from unconsolidated affiliates	—	—		—	—		—		—	—		—	—		—	—
Due to Interstate Hotels & Resorts	—	—		—	—		—		—	—		—	—		—	—
Accounts payable, accrued expenses, accrued interest and other liabilities	—	(8	)	—	61		231		—	591		—	7		—	239
Due to/from subsidiaries	—	(134	)	—	(1,946	)	(4,884	)	—	(5,235	)	—	(225	)	—	(10	)
Net cash provided by (used in) operating activities	—	83		—	369		(1,543	)	—	(982	)	—	575		—	298
Investing activities:
Acquisition of hotels, net of cash acquired	—	—		—	—		—		—	—		—	—		—	—
Capital expenditures for property and equipment	—	(83	)	—	(369	)	(1,639	)	—	(1,500	)	—	(575	)	—	(298	)
Deposit on investment in hotel	—	—		—	—		—		—	—		—	—		—	—
Proceeds from sales of assets	—	—		—	—		—		—	—		—	—		—	—
Estimated insurance proceeds related to capital expenditures	—	—		—	—		—		—	—		—	—		—	—
Decrease (increase) in restricted cash	—	—		—	—		—		—	—		—	—		—	—
Costs associated with disposition program and other, net	—	—		—	—		—		—	—		—	—		—	—
Net cash (used in) provided by investing activities	—	(83	)	—	(369	)	(1,639	)	—	(1,500	)	—	(575	)	—	(298	)
Financing activities:
Prepayments on debt	—	—		—	—		—		—	—		—	—		—	—
Scheduled payments on debt	—	—		—	—		—		—	—		—	—		—	—
Proceeds from mortgage loans, net of financing costs	—	—		—	—		—		—	—		—	—		—	—
Proceeds from debt issuance, net of financing costs	—	—		—	—		—		—	—		—	—		—	—
Net borrowings under credit facility revolver, net of financing costs	—	—		—	—		3,182		—	2,482		—	—		—	—
Distributions to minority investors	—	—		—	—		—		—	—		—	—		—	—
Loans to/from subsidiaries	—	—		—	—		—		—	—		—	—		—	—
Proceeds from OP units issuance, net of issuance costs	—	—		—	—		—		—	—		—	—		—	—
Purchase of subsidiary partnership interests	—	—		—	—		—		—	—		—	—		—	—
Repurchase of OP units under employee stock plans	—	—		—	—		—		—	—		—	—		—	—
Other	—	—		—	—		—		—	—		—	—		—	—
Net cash (used in) provided by financing activities	—	—		—	—		3,182		—	2,482		—	—		—	—
Effect of exchange rate changes on cash and cash equivalents	—	—		—	—		—		—	—		—	—		—	—
Net (decrease) increase in cash and cash equivalents	—	—		—	—		—		—	—		—	—		—	—
Cash and cash equivalents, beginning of period	—	—		—	—		—		—	—		—	—		—	—
Cash and cash equivalents, end of period	—	—		—	—		—		—	—		—	—		—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 5H, LLC	MeriStar Sub 7H, LLC	AGH PSS I, Inc.	MeriStar Sub 2D, LLC	MeriStar Sub 4F, L.P.		MeriStar Sub 5K, LLC	MeriStar Sub 5M, LLC		MeriStar Sub 1E, LLC	MeriStar Sub 5O, LLC		MeriStar Sub 4B, L.P.	MeriStar Sub 2C, LLC
Operating activities:
Net (loss) income	—	—	—	—	567		—	857		—	114		—	—
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—	—	—	—	796		—	195		—	101		—	—
Equity in earnings of consolidated entities	—	—	—	—	—		—	—		—	—		—	—
Loss on asset impairments	—	—	—	—	—		—	—		—	—		—	—
Loss on sale of assets, before tax effect	—	—	—	—	—		—	—		—	—		—	—
Loss on early extinguishments of debt	—	—	—	—	—		—	—		—	—		—	—
Minority interests	—	—	—	—	—		—	—		—	—		—	—
Equity in loss of unconsolidated affiliate	—	—	—	—	—		—	—		—	—		—	—
Amortization of unearned stock-based compensation	—	—	—	—	—		—	—		—	—		—	—
Deferred income taxes	—	—	—	—	—		—	—		—	—		—	—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—	—	—	—	—		—	—		—	—		—	—
Accounts receivable, net	—	—	—	—	—		—	1,691		—	1,269		—	—
Prepaid expenses and other assets	—	—	—	—	(43	)	—	(118	)	—	(39	)	—	—
Receivables from unconsolidated affiliates	—	—	—	—	—		—	—		—	—		—	—
Due to Interstate Hotels & Resorts	—	—	—	—	—		—	—		—	—		—	—
Accounts payable, accrued expenses, accrued interest and other liabilities	—	—	—	—	(134	)	—	155		—	55		—	—
Due to/from subsidiaries	—	—	—	—	(305	)	—	2,239		—	1,507		—	—
Net cash provided by (used in) operating activities	—	—	—	—	881		—	5,019		—	3,007		—	—
Investing activities:
Acquisition of hotels, net of cash acquired	—	—	—	—	—		—	—		—	—		—	—
Capital expenditures for property and equipment	—	—	—	—	(881	)	—	(5,019	)	—	(3,007	)	—	—
Deposit on investment in hotel	—	—	—	—	—		—	—		—	—		—	—
Proceeds from sales of assets	—	—	—	—	—		—	—		—	—		—	—
Estimated insurance proceeds related to capital expenditures	—	—	—	—	—		—	—		—	—		—	—
Decrease (increase) in restricted cash	—	—	—	—	—		—	—		—	—		—	—
Costs associated with disposition program and other, net	—	—	—	—	—		—	—		—	—		—	—
Net cash (used in) provided by investing activities	—	—	—	—	(881	)	—	(5,019	)	—	(3,007	)	—	—
Financing activities:
Prepayments on debt	—	—	—	—	—		—	—		—	—		—	—
Scheduled payments on debt	—	—	—	—	—		—	—		—	—		—	—
Proceeds from mortgage loans, net of financing costs	—	—	—	—	—		—	—		—	—		—	—
Proceeds from debt issuance, net of financing costs	—	—	—	—	—		—	—		—	—		—	—
Net borrowings under credit facility revolver, net of financing costs	—	—	—	—	—		—	—		—	—		—	—
Distributions to minority investors	—	—	—	—	—		—	—		—	—		—	—
Loans to/from subsidiaries	—	—	—	—	—		—	—		—	—		—	—
Proceeds from OP units issuance, net of issuance costs	—	—	—	—	—		—	—		—	—		—	—
Purchase of subsidiary partnership interests	—	—	—	—	—		—	—		—	—		—	—
Repurchase of OP units under employee stock plans	—	—	—	—	—		—	—		—	—		—	—
Other	—	—	—	—	—		—	—		—	—		—	—
Net cash (used in) provided by financing activities	—	—	—	—	—		—	—		—	—		—	—
Effect of exchange rate changes on cash and cash equivalents	—	—	—	—	—		—	—		—	—		—	—
Net (decrease) increase in cash and cash equivalents	—	—	—	—	—		—	—		—	—		—	—
Cash and cash equivalents, beginning of period	—	—	—	—	—		—	—		—	—		—	—
Cash and cash equivalents, end of period	—	—	—	—	—		—	—		—	—		—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 4G, L.P.	MeriStar Sub 3B, LLC	MeriStar Sub 5G, L.P.		MeriStar Sub 5N, LLC		MeriStar Sub 5P, LLC		MeriStar Sub 5J, LLC		MeriStar Sub 5Q, LLC		MeriStar Sub 5A, LLC		MeriStar Sub 8D, LLC		MeriStar Sub 4J, LLC		MeriStar Sub 6K, LLC
Operating activities:
Net (loss) income	—	—	3,213		232		458		(2,343	)	947		1,869		—		616		—
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—	—	4,569		54		3		2,731		354		800		—		985		—
Equity in earnings of consolidated entities	—	—	—		—		—		—		—		—		—		—		—
Loss on asset impairments	—	—	—		—		—		—		—		—		—		—		—
Loss on sale of assets, before tax effect	—	—	—		—		—		—		—		—		—		—		—
Loss on early extinguishments of debt	—	—	—		—		—		—		—		—		—		—		—
Minority interests	—	—	—		—		—		—		—		—		—		—		—
Equity in loss of unconsolidated affiliate	—	—	—		—		—		—		—		—		—		—		—
Amortization of unearned stock-based compensation	—	—	—		—		—		—		—		—		—		—		—
Deferred income taxes	—	—	—		—		—		—		—		—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—	—	—		—		—		—		—		—		—		—		—
Accounts receivable, net	—	—	—		880		—		—		4,819		—		359		1		—
Prepaid expenses and other assets	—	—	(684	)	(45	)	(10	)	(907	)	(137	)	(78	)	—		(51	)	—
Receivables from unconsolidated affiliates	—	—	—		—		—		—		—		—		—		—		—
Due to Interstate Hotels & Resorts	—	—	—		—		—		—		—		—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	—	—	840		64		—		489		93		523		—		90		—
Due to/from subsidiaries	—	—	(1,364	)	1,196		(451	)	18,442		920		(2,111	)	(359	)	(632	)	—
Net cash provided by (used in) operating activities	—	—	6,574		2,381		—		18,412		6,996		1,003		—		1,009		—
Investing activities:
Acquisition of hotels, net of cash acquired	—	—	—		—		—		—		—		—		—		—		—
Capital expenditures for property and equipment	—	—	(6,574	)	(2,381	)	—		(18,412	)	(6,996	)	(1,003	)	—		(2,815	)	—
Deposit on investment in hotel	—	—	—		—		—		—		—		—		—		—		—
Proceeds from sales of assets	—	—	—		—		—		—		—		—		—		—		—
Estimated insurance proceeds related to capital expenditures	—	—	—		—		—		—		—		—		—		—		—
Decrease (increase) in restricted cash	—	—	—		—		—		—		—		—		—		—		—
Costs associated with disposition program and other, net	—	—	—		—		—		—		—		—		—		—		—
Net cash (used in) provided by investing activities	—	—	(6,574	)	(2,381	)	—		(18,412	)	(6,996	)	(1,003	)	—		(2,815	)	—
Financing activities:
Prepayments on debt	—	—	—		—		—		—		—		—		—		—		—
Scheduled payments on debt	—	—	—		—		—		—		—		—		—		—		—
Proceeds from mortgage loans, net of financing costs	—	—	—		—		—		—		—		—		—		—		—
Proceeds from debt issuance, net of financing costs	—	—	—		—		—		—		—		—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—	—	—		—		—		—		—		—		—		1,806		—
Distributions to minority investors	—	—	—		—		—		—		—		—		—		—		—
Loans to/from subsidiaries	—	—	—		—		—		—		—		—		—		—		—
Proceeds from OP units issuance, net of issuance costs	—	—	—		—		—		—		—		—		—		—		—
Purchase of subsidiary partnership interests	—	—	—		—		—		—		—		—		—		—		—
Repurchase of OP units under employee stock plans	—	—	—		—		—		—		—		—		—		—		—
Other	—	—	—		—		—		—		—		—		—		—		—
Net cash (used in) provided by financing activities	—	—	—		—		—		—		—		—		—		1,806		—
Effect of exchange rate changes on cash and cash equivalents	—	—	—		—		—		—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents	—	—	—		—		—		—		—		—		—		—		—
Cash and cash equivalents, beginning of period	—	—	—		—		—		—		—		—		—		—		—
Cash and cash equivalents, end of period	—	—	—		—		—		—		—		—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2005 Unaudited

(Dollars in thousands)

	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC	MeriStar Sub 6A, LLC	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Consolidation Eliminations		Total Consolidated
Operating activities:
Net (loss) income	—	—	—	—	—	—	—	(27,289	)	(2,895	)	57,355		(130,458	)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—	—	—	—	—	—	—	52		23,912		—		74,915
Equity in earnings of consolidated entities	—	—	—	—	—	—	—	—		—		(57,355	)	—
Loss on asset impairments	—	—	—	—	—	—	—	—		5,944		—		46,989
Loss on sale of assets, before tax effect	—	—	—	—	—	—	—	2,065		2,102		—		2,527
Loss on early extinguishments of debt	—	—	—	—	—	—	—	—		—		—		433
Minority interests	—	—	—	—	—	—	—	—		—		—		(36	)
Equity in loss of unconsolidated affiliate	—	—	—	—	—	—	—	—		—		—		1,342
Amortization of unearned stock-based compensation	—	—	—	—	—	—	—	—		—		—		848
Deferred income taxes	—	—	—	—	—	—	—	—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—	—	—	—	—	—	—	—		—		—		40,895
Accounts receivable, net	—	—	—	—	—	—	—	(9,408	)	(293	)	10,907		(8,943	)
Prepaid expenses and other assets	—	—	—	—	—	—	—	1,798		(2,193	)	—		2,533
Receivables from unconsolidated affiliates	—	—	—	—	—	—	—	—		—		—		12,128
Due to Interstate Hotels & Resorts	—	—	—	—	—	—	—	(6,601	)	(7,186	)	—		(6,982	)
Accounts payable, accrued expenses, accrued interest and other liabilities	—	—	—	—	—	—	—	12,244		16,344		(10,907	)	(4,355	)
Due to/from subsidiaries	—	—	—	—	—	—	—	(31,007	)	(55,229	)	—		—
Net cash provided by (used in) operating activities	—	—	—	—	—	—	—	(58,146	)	(19,494	)	—		31,836
Investing activities:
Acquisition of hotels, net of cash acquired	—	—	—	—	—	—	—	—		—		—		—
Capital expenditures for property and equipment	—	—	—	—	—	—	—	—		(89,498	)	—		(171,771	)
Deposit on investment in hotel	—	—	—	—	—	—	—	—		—		—		—
Proceeds from sales of assets	—	—	—	—	—	—	—	—		5,800		—		45,825
Estimated insurance proceeds related to capital expenditures	—	—	—	—	—	—	—	—		—		—		7,700
Decrease (increase) in restricted cash	—	—	—	—	—	—	—	(1,155	)	(1,187	)	—		45,898
Costs associated with disposition program and other, net	—	—	—	—	—	—	—	(91	)	(899	)	—		(2,192	)
Net cash (used in) provided by investing activities	—	—	—	—	—	—	—	(1,246	)	(85,784	)	—		(74,540	)
Financing activities:
Prepayments on debt	—	—	—	—	—	—	—	—		—		—		(382,571	)
Scheduled payments on debt	—	—	—	—	—	—	—	—		(5	)	—		(16,061	)
Proceeds from mortgage loans, net of financing costs	—	—	—	—	—	—	—	—		33,809		—		73,374
Proceeds from debt issuance, net of financing costs	—	—	—	—	—	—	—	—		—		—		320,704
Net borrowings under credit facility revolver, net of financing costs	—	—	—	—	—	—	—	—		12,082		—		22,519
Distributions to minority investors	—	—	—	—	—	—	—	—		—		—		—
Loans to/from subsidiaries	—	—	—	—	—	—	—	61,000		61,000		—		—
Proceeds from OP units issuance, net of issuance costs	—	—	—	—	—	—	—	—		—		—		346
Purchase of subsidiary partnership interests	—	—	—	—	—	—	—	—		—		—		—
Repurchase of OP units under employee stock plans	—	—	—	—	—	—	—	—		—		—		(851	)
Other	—	—	—	—	—	—	—	—		—		—		—
Net cash (used in) provided by financing activities	—	—	—	—	—	—	—	61,000		106,886		—		17,460
Effect of exchange rate changes on cash and cash equivalents	—	—	—	—	—	—	—	—		—		—		—
Net (decrease) increase in cash and cash equivalents	—	—	—	—	—	—	—	1,608		1,608		—		(25,244	)
Cash and cash equivalents, beginning of period	—	—	—	—	—	—	—	19,309		19,309		—		60,533
Cash and cash equivalents, end of period	—	—	—	—	—	—	—	20,917		20,917		—		35,289

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Hospitality OP, L.P.		Non-Guarantor Subsidiaries		MeriStar Sub 7C, LLC	AGH Upreit, LLC	MeriStar Sub 5N, LLC		MeriStar Sub 8A, LLC	MeriStar Sub 8F, L.P.		MeriStar Sub 8G, LLC	MeriStar Sub 6H, L.P.		MeriStar Sub 8B, LLC		MeriStar Sub 1C, L.P.		MeriStar Sub 8E, LLC
Operating activities:
Net (loss) income	(80,475	)	26,210		—	—	409		—	838		—	451		5,552		(682	)	553
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	7,944		41,103		—	—	104		—	493		—	470		1,815		1,042		447
Equity in earnings of consolidated entities	2,243		—		—	—	—		—	—		—	—		—		—		—
Loss on asset impairments	4,671		—		—	—	—		—	—		—	—		—		—		—
Loss on sale of assets, before tax effect	(358	)	(461	)	—	—	—		—	—		—	—		—		—		—
Loss on early extinguishments of debt	7,903		—		—	—	—		—	—		—	—		—		—		—
Minority interests	(65	)	—		—	—	—		—	—		—	—		—		—		—
Equity in loss of unconsolidated affiliate	—		—		—	—	—		—	—		—	—		—		—		—
Amortization of unearned stock-based compensation	(3,845	)	—		—	—	—		—	—		—	—		—		—		—
Deferred income taxes	(357	)	—		—	—	—		—	—		—	—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	(3,071	)	—		—	—	—		—	—		—	—		—		—		—
Accounts receivable, net	(7,051	)	3,804		—	—	—		—	—		—	—		—		—		—
Prepaid expenses and other assets	(2,113	)	2,202		—	—	21		—	41		—	9		48		95		12
Receivables from unconsolidated affiliates	(4,800	)	—		—	—	—		—	—		—	—		—		—		—
Due to Interstate Hotels & Resorts	(3,205	)	—		—	—	—		—	—		—	—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	(16,458	)	(2,980	)	—	—	67		—	(76	)	—	(96	)	(2,700	)	(20	)	(27	)
Due to/from subsidiaries	53,112		36,751		—	—	(509	)	—	(429	)	—	(829	)	726		128		(664	)
Net cash provided by (used in) operating activities	(45,925	)	106,629		—	—	92		—	867		—	5		5,441		563		321
Investing activities:
Acquisition of hotels, net of cash acquired	—		(182,375	)	—	—	—		—	—		—	—		—		—		—
Capital expenditures for property and equipment	(2,622	)	(40,838	)	—	—	(92	)	—	(867	)	—	(5	)	(5,441	)	(563	)	(321	)
Deposit on investment in hotel	(7,500	)	—		—	—	—		—	—		—	—		—		—		—
Proceeds from sales of assets	43,675		8,000		—	—	—		—	—		—	—		—		—		—
Estimated insurance proceeds related to capital expenditures	—		—		—	—	—		—	—		—	—		—		—		—
Decrease (increase) in restricted cash	(16,972	)	616		—	—	—		—	—		—	—		—		—		—
Costs associated with disposition program and other, net	(1,596	)	(341	)	—	—	—		—	—		—	—		—		—		—
Net cash (used in) provided by investing activities	14,985		(214,938	)	—	—	(92	)	—	(867	)	—	(5	)	(5,441	)	(563	)	(321	)
Financing activities:
Prepayments on debt	(85,318	)	—		—	—	—		—	—		—	—		—		—		—
Scheduled payments on debt	(5,600	)	(1,391	)	—	—	—		—	—		—	—		—		—		—
Proceeds from mortgage loans, net of financing costs	—		109,700		—	—	—		—	—		—	—		—		—		—
Proceeds from debt issuance, net of issuance costs	—		—		—	—	—		—	—		—	—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—		—		—	—	—		—	—		—	—		—		—		—
Distributions to minority investors	(141	)	—		—	—	—		—	—		—	—		—		—		—
Loans to/from subsidiaries	(61,901	)	—		—	—	—		—	—		—	—		—		—		—
Proceeds from OP units issuance, net of issuance costs	72,261		—		—	—	—		—	—		—	—		—		—		—
Purchase of subsidiary partnership interests	(8,690	)	—		—	—	—		—	—		—	—		—		—		—
Repurchase of OP units under employee stock plans	(160	)	—		—	—	—		—	—		—	—		—		—		—
Other	(207	)	—		—	—	—		—	—		—	—		—		—		—
Net cash (used in) provided by financing activities	(89,756	)	108,309		—	—	—		—	—		—	—		—		—		—
Effect of exchange rate changes on cash and cash equivalents	(632	)	—		—	—	—		—	—		—	—		—		—		—
Net (decrease) increase in cash and cash equivalents	(121,328	)	—		—	—	—		—	—		—	—		—		—		—��
Cash and cash equivalents, beginning of period	218,645		—		—	—	—		—	—		—	—		—		—		—
Cash and cash equivalents, end of period	97,317		—		—	—	—		—	—		—	—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 7F, LLC		MeriStar Sub 5L, LLC		MeriStar Sub 3C, LLC		MeriStar Sub 5R, LLC	MeriStar Sub 6D, LLC		MeriStar Sub 6E, LLC		MeriStar Sub 4E, L.P.		MeriStar Sub 1B, LLC		MeriStar Sub 5F, L.P.		MeriStar Sub 6G, LLC		MeriStar Sub 8C, LLC		MeriStar Sub 4C, L.P.
Operating activities:
Net (loss) income	422		505		594		—	985		2,934		(461	)	1,220		927		1,843		(61	)	—
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	242		115		533		—	379		1,207		220		368		587		544		—		—
Equity in earnings of consolidated entities	—		—		—		—	—		—		—		—		—		—		—		—
Loss on asset impairments	—		—		—		—	—		—		1,021		—		—		—		—		—
Loss on sale of assets, before tax effect	—		—		—		—	—		—		—		—		—		—		110		—
Loss on early extinguishments of debt	—		—		—		—	—		—		—		—		—		—		—		—
Minority interests	—		—		—		—	—		—		—		—		—		—		—		—
Equity in loss of unconsolidated affiliate	—		—		—		—	—		—		—		—		—		—		—		—
Amortization of unearned stock-based compensation	—		—		—		—	—		—		—		—		—		—		—		—
Deferred income taxes	—		—		—		—	—		—		—		—		—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—		—		—		—	—		—		—		—		—		—		—		—
Accounts receivable, net	—		—		—		—	7		—		—		—		—		—		—		—
Prepaid expenses and other assets	8		41		11		—	10		45		29		39		89		17		117		—
Receivables from unconsolidated affiliates	—		—		—		—	—		—		—		—		—		—		—		—
Due to Interstate Hotels & Resorts	—		—		—		—	—		—		—		—		—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	(30	)	87		169		—	(52	)	102		(167	)	(16	)	86		57		306		—
Due to/from subsidiaries	1,246		(367	)	(1,268	)	—	(601	)	(830	)	(590	)	(377	)	2,698		(1,518	)	(6,002	)	—
Net cash provided by (used in) operating activities	1,888		381		39		—	728		3,458		52		1,234		4,387		943		(5,530	)	—
Investing activities:
Acquisition of hotels, net of cash acquired	—		—		—		—	—		—		—		—		—		—		—		—
Capital expenditures for property and equipment	(1,888	)	(381	)	(39	)	—	(728	)	(3,458	)	(52	)	(1,234	)	(4,387	)	(943	)	643		—
Deposit on investment in hotel	—		—		—		—	—		—		—		—		—		—		—		—
Proceeds from sales of assets	—		—		—		—	—		—		—		—		—		—		5,000		—
Estimated insurance proceeds related to capital expenditures	—		—		—		—	—		—		—		—		—		—		—		—
Decrease (increase) in restricted cash	—		—		—		—	—		—		—		—		—		—		—		—
Costs associated with disposition program and other, net	—		—		—		—	—		—		—		—		—		—		(113	)	—
Net cash (used in) provided by investing activities	(1,888	)	(381	)	(39	)	—	(728	)	(3,458	)	(52	)	(1,234	)	(4,387	)	(943	)	5,530		—
Financing activities:
Prepayments on debt	—		—		—		—	—		—		—		—		—		—		—		—
Scheduled payments on debt	—		—		—		—	—		—		—		—		—		—		—		—
Proceeds from mortgage loans, net of financing costs	—		—		—		—	—		—		—		—		—		—		—		—
Proceeds from debt issuance, net of issuance costs	—		—		—		—	—		—		—		—		—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—		—		—		—	—		—		—		—		—		—		—		—
Distributions to minority investors	—		—		—		—	—		—		—		—		—		—		—		—
Loans to/from subsidiaries	—		—		—		—	—		—		—		—		—		—		—		—
Proceeds from OP units issuance, net of issuance costs	—		—		—		—	—		—		—		—		—		—		—		—
Purchase of subsidiary partnership interests	—		—		—		—	—		—		—		—		—		—		—		—
Repurchase of OP units under employee stock plans	—		—		—		—	—		—		—		—		—		—		—		—
Other	—		—		—		—	—		—		—		—		—		—		—		—
Net cash (used in) provided by financing activities	—		—		—		—	—		—		—		—		—		—		—		—
Effect of exchange rate changes on cash and cash equivalents	—		—		—		—	—		—		—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents	—		—		—		—	—		—		—		—		—		—		—		—
Cash and cash equivalents, beginning of period	—		—		—		—	—		—		—		—		—		—		—		—
Cash and cash equivalents, end of period	—		—		—		—	—		—		—		—		—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 4H, L.P.		MeriStar Sub 7E, LLC		MeriStar Sub 3D, LLC		MeriStar Sub 1A, LLC		MeriStar Sub 7A Joint Venture		MeriStar Sub 2B, LLC		MeriStar Sub 3A, LLC		MeriStar Sub 4A, LLC		MeriStar Sub 4D, LLC		MeriStar Sub 2A, LLC		MeriStar Sub 6L, LLC		MDV Limited Partnership
Operating activities:
Net (loss) income	(403	)	406		450		(758	)	(732	)	—		89		97		—		—		1,852		186
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	43		478		542		197		121		—		51		—		—		—		—		105
Equity in earnings of consolidated entities	—		—		—		—		—		—		—		—		—		—		—		—
Loss on asset impairments	—		—		—		1,441		1,005		—		—		—		—		—		—		—
Loss on sale of assets, before tax effect	365		—		—		—		55		—		(20	)	45		—		—		(1,827	)	—
Loss on early extinguishments of debt	—		—		—		—		—		—		—		—		—		—		—		—
Minority interests	—		—		—		—		—		—		—		—		—		—		—		—
Equity in loss of unconsolidated affiliate	—		—		—		—		—		—		—		—		—		—		—		—
Amortization of unearned stock-based compensation	—		—		—		—		—		—		—		—		—		—		—		—
Deferred income taxes	—		—		—		—		—		—		—		—		—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—		—		—		—		—		—		—		—		—		—		—		—
Accounts receivable, net	—		—		—		—		44		2,345		—		—		—		2,002		(178	)	—
Prepaid expenses and other assets	(8	)	11		21		43		1		—		1		(9	)	3		—		15		15
Receivables from unconsolidated affiliates	—		—		—		—		—		—		—		—		—		—		—		—
Due to Interstate Hotels & Resorts	—		—		—		—		—		—		—		—		—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	(178	)	(32	)	106		52		(150	)	8		(161	)	(342	)	—		8		(25	)	24
Due to/from subsidiaries	(4,747	)	918		(868	)	(719	)	(4,977	)	(2,353	)	(3,157	)	(3,092	)	(3	)	(2,010	)	(12,232	)	(264	)
Net cash provided by (used in) operating activities	(4,928	)	1,781		251		256		(4,633	)	—		(3,197	)	(3,301	)	—		—		(12,395	)	66
Investing activities:
Acquisition of hotels, net of cash acquired	—		—		—		—		—		—		—		—		—		—		—		—
Capital expenditures for property and equipment	469		(1,781	)	(251	)	(256	)	(12	)	—		138		(20	)	—		—		(1,911	)	(66	)
Deposit on investment in hotel	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from sales of assets	4,650		—		—		—		4,850		—		3,300		3,575		—		—		14,775		—
Estimated insurance proceeds related to capital expenditures	—		—		—		—		—		—		—		—		—		—		—		—
Decrease (increase) in restricted cash	—		—		—		—		—		—		—		—		—		—		—		—
Costs associated with disposition program and other, net	(191	)	—		—		—		(205	)	—		(241	)	(254	)	—		—		(469	)	—
Net cash (used in) provided by investing activities	4,928		(1,781	)	(251	)	(256	)	4,633		—		3,197		3,301		—		—		12,395		(66	)
Financing activities:
Prepayments on debt	—		—		—		—		—		—		—		—		—		—		—		—
Scheduled payments on debt	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from mortgage loans, net of financing costs	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from debt issuance, net of issuance costs	—		—		—		—		—		—		—		—		—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—		—		—		—		—		—		—		—		—		—		—		—
Distributions to minority investors	—		—		—		—		—		—		—		—		—		—		—		—
Loans to/from subsidiaries	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from OP units issuance, net of issuance costs	—		—		—		—		—		—		—		—		—		—		—		—
Purchase of subsidiary partnership interests	—		—		—		—		—		—		—		—		—		—		—		—
Repurchase of OP units under employee stock plans	—		—		—		—		—		—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—		—		—		—		—		—
Net cash (used in) provided by financing activities	—		—		—		—		—		—		—		—		—		—		—		—
Effect of exchange rate changes on cash and cash equivalents	—		—		—		—		—		—		—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents	—		—		—		—		—		—		—		—		—		—		—		—
Cash and cash equivalents, beginning of period	—		—		—		—		—		—		—		—		—		—		—		—
Cash and cash equivalents, end of period	—		—		—		—		—		—		—		—		—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5C, LLC	MeriStar Sub 6J, LLC		MeriStar Sub 1D, LLC		MeriStar Sub 7B, L.P.		MeriStar Sub 7D, LLC		MeriStar Sub 7G, LLC		MeriStar Sub 6B, LLC		MeriStar Sub 4I, L.P.		MeriStar Sub 5D, LLC		MeriStar Sub 5H, LLC		MeriStar Sub 7H, LLC		AGH PSS I, Inc.
Operating activities:
Net (loss) income	—	1,326		1,143		(787	)	2,897		103		399		—		(546	)	—		—		—
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—	418		1,704		99		1,214		49		335		—		1,089		—		—		—
Equity in earnings of consolidated entities	—	—		—		—		—		—		—		—		—		—		—		—
Loss on asset impairments	—	—		—		—		—		—		—		—		—		—		—		—
Loss on sale of assets, before tax effect	—	—		—		1,035		—		(39	)	—		—		—		—		—		—
Loss on early extinguishments of debt	—	—		—		—		—		—		—		—		—		—		—		—
Minority interests	—	—		—		—		—		—		—		—		—		—		—		—
Equity in loss of unconsolidated affiliate	—	—		—		—		—		—		—		—		—		—		—		—
Amortization of unearned stock-based compensation	—	—		—		—		—		—		—		—		—		—		—		—
Deferred income taxes	—	—		—		—		—		—		—		—		—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—	—		—		—		—		—		—		—		—		—		—		—
Accounts receivable, net	—	—		—		—		283		—		—		—		—		46		43		—
Prepaid expenses and other assets	—	11		262		1		47		—		7		—		46		1		—		1
Receivables from unconsolidated affiliates	—	—		—		—		—		—		—		—		—		—		—		—
Due to Interstate Hotels & Resorts	—	—		—		—		—		—		—		—		—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	—	206		335		(1,080	)	84		6		(70	)	61		393		2		—		—
Due to/from subsidiaries	—	(1,600	)	(2,941	)	(4,074	)	(2,205	)	(2,020	)	215		(61	)	(780	)	(49	)	(43	)	(1	)
Net cash provided by (used in) operating activities	—	361		503		(4,806	)	2,320		(1,901	)	886		—		202		—		—		—
Investing activities:
Acquisition of hotels, net of cash acquired	—	—		—		—		—		—		—		—		—		—		—		—
Capital expenditures for property and equipment	—	(361	)	(503	)	711		(2,320	)	(38	)	(886	)	—		(202	)	—		—		—
Deposit on investment in hotel	—	—		—		—		—		—		—		—		—		—		—		—
Proceeds from sales of assets	—	—		—		4,500		—		2,300		—		—		—		—		—		—
Estimated insurance proceeds related to capital expenditures	—	—		—		—		—		—		—		—		—		—		—		—
Decrease (increase) in restricted cash	—	—		—		—		—		—		—		—		—		—		—		—
Costs associated with disposition program and other, net	—	—		—		(405	)	—		(361	)	—		—		—		—		—		—
Net cash (used in) provided by investing activities	—	(361	)	(503	)	4,806		(2,320	)	1,901		(886	)	—		(202	)	—		—		—
Financing activities:
Prepayments on debt	—	—		—		—		—		—		—		—		—		—		—		—
Scheduled payments on debt	—	—		—		—		—		—		—		—		—		—		—		—
Proceeds from mortgage loans, net of financing costs	—	—		—		—		—		—		—		—		—		—		—		—
Proceeds from debt issuance, net of issuance costs	—	—		—		—		—		—		—		—		—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—	—		—		—		—		—		—		—		—		—		—		—
Distributions to minority investors	—	—		—		—		—		—		—		—		—		—		—		—
Loans to/from subsidiaries	—	—		—		—		—		—		—		—		—		—		—		—
Proceeds from OP units issuance, net of issuance costs	—	—		—		—		—		—		—		—		—		—		—		—
Purchase of subsidiary partnership interests	—	—		—		—		—		—		—		—		—		—		—		—
Repurchase of OP units under employee stock plans	—	—		—		—		—		—		—		—		—		—		—		—
Other	—	—		—		—		—		—		—		—		—		—		—		—
Net cash (used in) provided by financing activities	—	—		—		—		—		—		—		—		—		—		—		—
Effect of exchange rate changes on cash and cash equivalents	—	—		—		—		—		—		—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents	—	—		—		—		—		—		—		—		—		—		—		—
Cash and cash equivalents, beginning of period	—	—		—		—		—		—		—		—		—		—		—		—
Cash and cash equivalents, end of period	—	—		—		—		—		—		—		—		—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 2D, LLC		MeriStar Sub 4F, L.P.		MeriStar Sub 5K, LLC		MeriStar Sub 5M, LLC		MeriStar Sub 1E, LLC		MeriStar Sub 5O, LLC		MeriStar Sub 4B, L.P.		MeriStar Sub 2C, LLC		MeriStar Sub 4G, L.P.		MeriStar Sub 3B, LLC		MeriStar Sub 5G, L.P.		MeriStar Sub 5P, LLC
Operating activities:
Net (loss) income	—		382		451		592		—		293		(217	)	(3,242	)	(168	)	—		1,952		579
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—		828		972		356		—		172		—		—		333		—		4,744		3
Equity in earnings of consolidated entities	—		—		—		—		—		—		—		—		—		—		—		—
Loss on asset impairments	—		—		—		—		—		—		—		903		981		—		—		—
Loss on sale of assets, before tax effect	—		—		—		—		—		—		215		2,210		—		—		—		—
Loss on early extinguishments of debt	—		—		—		—		—		—		—		—		—		—		—		—
Minority interests	—		—		—		—		—		—		—		—		—		—		—		—
Equity in loss of unconsolidated affiliate	—		—		—		—		—		—		—		—		—		—		—		—
Amortization of unearned stock-based compensation	—		—		—		—		—		—		—		—		—		—		—		—
Deferred income taxes	—		—		—		—		—		—		—		—		—		—		—		—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—		—		—		—		—		—		—		—		—		—		—		—
Accounts receivable, net	1,166		—		—		—		198		—		—		(6	)	—		—		—		—
Prepaid expenses and other assets	—		18		92		54		(1	)	19		(4	)	(232	)	115		(3	)	47		5
Receivables from unconsolidated affiliates	—		—		—		—		—		—		—		—		—		—		—		—
Due to Interstate Hotels & Resorts	—		—		—		—		—		—		—		—		—		—		—		—
Accounts payable, accrued expenses, accrued interest and other liabilities	1		(116	)	(1,419	)	147		(14	)	65		(410	)	(293	)	(229	)	—		89		—
Due to/from subsidiaries	(1,167	)	901		421		(980	)	(183	)	(383	)	(6,742	)	12,076		(1,241	)	3		(1,150	)	(587	)
Net cash provided by (used in) operating activities	—		2,013		517		169		—		166		(7,158	)	11,416		(209	)	—		5,682		—
Investing activities:
Acquisition of hotels, net of cash acquired	—		—		—		—		—		—		—		—		—		—		—		—
Capital expenditures for property and equipment	—		(2,013	)	(517	)	(169	)	—		(166	)	140		573		209		—		(5,682	)	—
Deposit on investment in hotel	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from sales of assets	—		—		—		—		—		—		7,500		8,398		—		—		—		—
Estimated insurance proceeds related to capital expenditures	—		—		—		—		—		—		—		—		—		—		—		—
Decrease (increase) in restricted cash	—		—		—		—		—		—		—		—		—		—		—		—
Costs associated with disposition program and other, net	—		—		—		—		—		—		(482	)	(656	)	—		—		—		—
Net cash (used in) provided by investing activities	—		(2,013	)	(517	)	(169	)	—		(166	)	7,158		8,315		209		—		(5,682	)	—
Financing activities:
Prepayments on debt	—		—		—		—		—		—		—		(19,731	)	—		—		—		—
Scheduled payments on debt	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from mortgage loans, net of financing costs	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from debt issuance, net of issuance costs	—		—		—		—		—		—		—		—		—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—		—		—		—		—		—		—		—		—		—		—		—
Distributions to minority investors	—		—		—		—		—		—		—		—		—		—		—		—
Loans to/from subsidiaries	—		—		—		—		—		—		—		—		—		—		—		—
Proceeds from OP units issuance, net of issuance costs	—		—		—		—		—		—		—		—		—		—		—		—
Purchase of subsidiary partnership interests	—		—		—		—		—		—		—		—		—		—		—		—
Repurchase of OP units under employee stock plans	—		—		—		—		—		—		—		—		—		—		—		—
Other	—		—		—		—		—		—		—		—		—		—		—		—
Net cash (used in) provided by financing activities	—		—		—		—		—		—		—		(19,731	)	—		—		—		—
Effect of exchange rate changes on cash and cash equivalents	—		—		—		—		—		—		—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents	—		—		—		—		—		—		—		—		—		—		—		—
Cash and cash equivalents, beginning of period	—		—		—		—		—		—		—		—		—		—		—		—
Cash and cash equivalents, end of period	—		—		—		—		—		—		—		—		—		—		—		—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 5J, LLC		MeriStar Sub 5Q, LLC		MeriStar Sub 5A, LLC		MeriStar Sub 8D, LLC		MeriStar Sub 4J, LLC		MeriStar Sub 6K, LLC	MeriStar Sub 5E, LLC	MeriStar Sub 6I, LLC	MeriStar Sub 5I, LLC	CapStar Cherry Hill Company, LLC	Meristar Acquisition Company, LLC	MeriStar Sub 6A, LLC
Operating activities:
Net (loss) income	912		669		1,114		143		763		—	—	—	—	—	—	—
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	4,232		441		798		—		948		—	—	—	—	—	—	—
Equity in earnings of consolidated entities	—		—		—		—		—		—	—	—	—	—	—	—
Loss on asset impairments	—		—		—		—		—		—	—	—	—	—	—	—
Loss on sale of assets, before tax effect	—		—		—		899		—		—	—	—	—	—	—	—
Loss on early extinguishments of debt	—		—		—		—		—		—	—	—	—	—	—	—
Minority interests	—		—		—		—		—		—	—	—	—	—	—	—
Equity in loss of unconsolidated affiliate	—		—		—		—		—		—	—	—	—	—	—	—
Amortization of unearned stock-based compensation	—		—		—		—		—		—	—	—	—	—	—	—
Deferred income taxes	—		—		—		—		—		—	—	—	—	—	—	—
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—		—		—		—		—		—	—	—	—	—	—	—
Accounts receivable, net	—		—		—		(359	)	(5	)	—	—	—	—	—	—	—
Prepaid expenses and other assets	278		65		38		14		24		—	—	—	—	—	—	—
Receivables from unconsolidated affiliates	—		—		—		—		—		—	—	—	—	—	—	—
Due to Interstate Hotels & Resorts	—		—		—		—		—		—	—	—	—	—	—	—
Accounts payable, accrued expenses, accrued interest and other liabilities	761		260		740		183		144		—	—	—	—	—	—	—
Due to/from subsidiaries	(1,439	)	(994	)	(1,702	)	(9,977	)	(79	)	—	—	—	—	—	—	—
Net cash provided by (used in) operating activities	4,744		441		988		(9,097	)	1,795		—	—	—	—	—	—	—
Investing activities:
Acquisition of hotels, net of cash acquired	—		—		—		—		—		—	—	—	—	—	—	—
Capital expenditures for property and equipment	(4,744	)	(441	)	(988	)	636		(1,795	)	—	—	—	—	—	—	—
Deposit on investment in hotel	—		—		—		—		—		—	—	—	—	—	—	—
Proceeds from sales of assets	—		—		—		8,800		—		—	—	—	—	—	—	—
Estimated insurance proceeds related to capital expenditures	—		—		—		—		—		—	—	—	—	—	—	—
Decrease (increase) in restricted cash	—		—		—		—		—		—	—	—	—	—	—	—
Costs associated with disposition program and other, net	—		—		—		(339	)	—		—	—	—	—	—	—	—
Net cash (used in) provided by investing activities	(4,744	)	(441	)	(988	)	9,097		(1,795	)	—	—	—	—	—	—	—
Financing activities:
Prepayments on debt	—		—		—		—		—		—	—	—	—	—	—	—
Scheduled payments on debt	—		—		—		—		—		—	—	—	—	—	—	—
Proceeds from mortgage loans, net of financing costs	—		—		—		—		—		—	—	—	—	—	—	—
Proceeds from debt issuance, net of issuance costs	—		—		—		—		—		—	—	—	—	—	—	—
Net borrowings under credit facility revolver, net of financing costs	—		—		—		—		—		—	—	—	—	—	—	—
Distributions to minority investors	—		—		—		—		—		—	—	—	—	—	—	—
Loans to/from subsidiaries	—		—		—		—		—		—	—	—	—	—	—	—
Proceeds from OP units issuance, net of issuance costs	—		—		—		—		—		—	—	—	—	—	—	—
Purchase of subsidiary partnership interests	—		—		—		—		—		—	—	—	—	—	—	—
Repurchase of OP units under employee stock plans	—		—		—		—		—		—	—	—	—	—	—	—
Other	—		—		—		—		—		—	—	—	—	—	—	—
Net cash (used in) provided by financing activities	—		—		—		—		—		—	—	—	—	—	—	—
Effect of exchange rate changes on cash and cash equivalents	—		—		—		—		—		—	—	—	—	—	—	—
Net (decrease) increase in cash and cash equivalents	—		—		—		—		—		—	—	—	—	—	—	—
Cash and cash equivalents, beginning of period	—		—		—		—		—		—	—	—	—	—	—	—
Cash and cash equivalents, end of period	—		—		—		—		—		—	—	—	—	—	—	—

MeriStar Hospitality Operating Partnership, L.P.

Consolidating Statement of Cash Flows

Nine months ended September 30, 2004 Unaudited

(Dollars in thousands)

	MeriStar Sub 6F, LLC	MeriStar Hotel Lessee, Inc.		Guarantor Subsidiaries Total		Eliminations		Total Consolidated
Operating activities:
Net (loss) income	—	(54,427	)	(28,453	)	2,243		(80,475	)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	—	98		28,936		—		77,983
Equity in earnings of consolidated entities	—	—		—		(2,243	)	—
Loss on asset impairments	—	—		5,351		—		10,022
Loss on sale of assets, before tax effect	—	11,533		14,581		—		13,762
Loss on early extinguishments of debt	—	—		—		—		7,903
Minority interests	—	—		—		—		(65	)
Equity in loss of unconsolidated affiliate	—			—				—
Amortization of unearned stock-based compensation	—	—		—		—		(3,845	)
Deferred income taxes	—	—		—		—		(357	)
Changes in operating assets and liabilities:
Insurance claim receivable, less capital expenditure proceeds	—	—		—		—		(3,071	)
Accounts receivable, net	—	(609	)	4,977		6,612		8,342
Prepaid expenses and other assets	—	7,266		8,896		—		8,985
Receivables from unconsolidated affiliates	—	—		—		—		(4,800	)
Due to Interstate Hotels & Resorts	—	(5,853	)	(5,853	)	—		(9,058	)
Accounts payable, accrued expenses, accrued interest and other liabilities	—	9,722		6,568		(6,612	)	(19,482	)
Due to/from subsidiaries	—	(20,391	)	(89,863	)	—		—
Net cash provided by (used in) operating activities	—	(52,661	)	(54,860	)	—		5,844
Investing activities:
Acquisition of hotels, net of cash acquired	—	—		—		—		(182,375	)
Capital expenditures for property and equipment	—	(170	)	(42,172	)	—		(85,632	)
Deposit on investment in hotel	—	—		—		—		(7,500	)
Proceeds from sales of assets	—	—		67,648		—		119,323
Estimated insurance proceeds related to capital expenditures	—	—		—		—		—
Decrease (increase) in restricted cash	—	(831	)	(831	)	—		(17,187	)
Costs associated with disposition program and other, net	—	—		(3,716	)	—		(5,653	)
Net cash (used in) provided by investing activities	—	(1,001	)	20,929		—		(179,024	)
Financing activities:
Prepayments on debt	—	—		(19,731	)	—		(105,049	)
Scheduled payments on debt	—	—		—		—		(6,991	)
Proceeds from mortgage loans, net of financing costs	—	—		—		—		109,700
Proceeds from debt issuance, net of issuance costs	—	—		—		—		—
Net borrowings under credit facility revolver, net of financing costs	—	—		—		—		—
Distributions to minority investors	—	—		—		—		(141	)
Loans to/from subsidiaries	—	61,901		61,901		—		—
Proceeds from OP units issuance, net of issuance costs	—	—		—		—		72,261
Purchase of subsidiary partnership interests	—	—		—		—		(8,690	)
Repurchase of OP units under employee stock plans	—	—		—		—		(160	)
Other	—	—		—		—		(207	)
Net cash (used in) provided by financing activities	—	61,901		42,170		—		60,723
Effect of exchange rate changes on cash and cash equivalents	—	—		—		—		(632	)
Net (decrease) increase in cash and cash equivalents	—	8,239		8,239		—		(113,089	)
Cash and cash equivalents, beginning of period	—	12,231		12,231		—		230,876
Cash and cash equivalents, end of period	—	20,470		20,470		—		117,787