Meristar Hospitality Finance Corp Ii 10-Q 2002 Q2 Quarterly report

Exhibit 99.1

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			Non-			MeriStar		AGH		MeriStar			MeriStar			MeriStar			MeriStar
		Hospitality			Guarantor			Sub 7C,		Upreit,		Sub 5N,			Sub 8A			Sub 8F,			Sub 8G,
		OP, L.P.			Subsidiaries			LLC		LLC		LLC			LLC			L.P.			LLC
Assets
	Investment in hotel properties		15,185			1,556,769			—		—		4,084			5,368			11,351			—
	Accumulated depreciation		(6,515	)		(211,259	)		—		—		(474	)		(1,047	)		(1,707	)		—
			8,670			1,345,509			—		—		3,609			4,320			9,644			—
	Cash and cash equivalents		81			—			—		—		—			—			—			—
	Accounts receivable, net		8,014			1,327			—		—		—			(16	)		(28	)		—
	Prepaid expenses and other		(34	)		61			—		—		—			—			2			—
	Note receivable		143,164			—			—		—		—			—			—			—
	Due from subsidiaries		(479,419	)		138,212			—		7		3,349			5,260			4,687			9
	Investments in affiliates		2,683,014			8,200			32		3,056		—			—			—			72
	Restricted cash		11,376			5,429			—		—		—			—			115			—
	Intangible assets, net		18,556			898			—		—		—			—			—			—
			2,393,422			1,499,637			32		3,063		6,959			9,565			14,420			82
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		13,724			11,363			—		—		67			(43	)		179			—
	Accrued interest		49,350			3,782			—		—		—			—			—			—
	Due to MeriStar Hotels & Resorts		120			—			—		—		—			—			—			—
	Income taxes payable		16			—			—		—		—			—			—			—
	Distributions payable		449			—			—		—		—			—			—			—
	Deferred income taxes		7,135			—			—		—		—			—			—			—
	Interest rate swaps		8,684			—			—		—		—			—			—			—
	Notes payable to MeriStar		357,311			—			—		—		—			—			—			—
	Long-term debt		943,897			367,679			—		—		—			—			—			—
Total liabilities			1,380,681			382,823			—		—		67			(43	)		179			—
	Minority interests		2,646			—			—		—		—			—			—			—
	Redeemable OP units at redemption value		67,722			—			—		—		—			—			—			—
	Partners’ capital		942,373			1,116,813			32		3,063		6,892			9,607			14,242			82
			2,393,422			1,499,637			32		3,063		6,959			9,565			14,420			82

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 6H,			Sub 8B,			Sub 1C,			Sub 8E,			Sub 7F,			Sub 5L,			Sub 3C,			Sub 5R,
		L.P.			LLC			L.P.			LLC			LLC			LLC			LLC			LLC
Assets
	Investment in hotel properties		13,580			81,723			25,141			15,217			12,013			11,364			17,303			—
	Accumulated depreciation		(1,660	)		(8,689	)		(4,377	)		(2,142	)		(2,223	)		(435	)		(2,649	)		—
			11,920			73,034			20,764			13,075			9,790			10,929			14,654			—
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			17			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from subsidiaries		5,232			24,182			(3,001	)		4,998			3,994			3,654			3,519			(43	)
	Investments in affiliates		—			—			—			—			—			—			—			43
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			42			—			5			—			—			54			—
			17,152			97,257			17,780			18,078			13,784			14,583			18,227			—
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		217			2,705			147			5			163			84			224			—
	Accrued interest		—			—			—			—			—			—			—			—
	Due to MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			—			—			—			—
Total liabilities			217			2,705			147			5			163			84			224			—
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		16,935			94,553			17,633			18,073			13,620			14,499			18,003			—
			17,152			97,257			17,780			18,078			13,784			14,583			18,227			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			Meristar			MeriStar			MeriStar			MeriStar
		Sub 6D,			Sub 6E,			Sub 4E,			Sub 1B,			Sub 5F,			Sub 6G,			Sub 8C,			Sub 4C,
		LLC			LLC			L.P.			LLC			L.P.			LLC			LLC			L.P.
Assets
	Investment in hotel properties		17,407			44,246			24,660			18,284			31,215			22,319			36,769			16,376
	Accumulated depreciation		(2,086	)		(7,491	)		(3,529	)		(3,243	)		(3,891	)		(3,747	)		(4,608	)		(3,639	)
			15,321			36,755			21,131			15,041			27,324			18,572			32,161			12,737
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		152			—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from subsidiaries		6,117			16,156			2,158			12,027			10,035			4,544			3,981			476
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			—			5			—			—			—			2			—
			21,591			52,910			23,293			27,068			37,359			23,116			36,144			13,213
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		166			(24	)		215			29			321			312			(45	)		308
	Accrued interest		—			—			—			—			—			—			—			—
	Due to MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			48			—			—			—			—
Total liabilities			166			(24	)		215			77			321			312			(45	)		308
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		21,425			52,935			23,078			26,992			37,038			22,804			36,189			12,905
			21,591			52,910			23,293			27,068			37,359			23,116			36,144			13,213

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

																	Meristar
		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			Sub 7A			MeriStar			MeriStar
		Sub 4H,			Sub 7E,			Sub 3D,			Sub 1A,			Sub 5E,			Joint			Sub 6K,			Sub 2B,
		L.P.			LLC			LLC			LLC			LLC			Venture			LLC			LLC
Assets
	Investment in hotel properties		12,399			17,856			22,413			11,245			52,832			13,043			22,777			9,935
	Accumulated depreciation		(1,982	)		(2,394	)		(5,862	)		(2,257	)		(7,186	)		(1,553	)		(3,932	)		(1,852	)
			10,417			15,461			16,550			8,988			45,646			11,490			18,845			8,083
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			(13	)
	Prepaid expenses and other		7			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from subsidiaries		(893	)		5,421			6,783			5,636			12,013			3,935			15,281			(625	)
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			5			—			—			6			—			—			1
			9,531			20,888			23,333			14,624			57,665			15,425			34,126			7,446
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		89			127			116			128			395			204			173			87
	Accrued interest		—			—			—			—			—			—			—			—
	Due to MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			—			—			—			5,087
Total liabilities			89			127			116			128			395			204			173			5,173
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		9,442			20,761			23,217			14,496			57,270			15,221			33,953			2,273
			9,531			20,888			23,333			14,624			57,665			15,425			34,126			7,446

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			Meristar			MeriStar			MeriStar			MeriStar			MDV			MeriStar			MeriStar
		Sub 3A,			Sub 4A,			Sub 4D,			Sub 2A,			Sub 6L,			Limited			Sub 5C,			Sub 6J,
		LLC			LLC			LLC			LLC			LLC			Partnership			LLC			LLC
Assets
	Investment in hotel properties		6,934			8,869			8,772			8,609			29,568			3,820			13,989			19,339
	Accumulated depreciation		(1,423	)		(1,112	)		(1,334	)		(1,359	)		(2,909	)		(477	)		(2,513	)		(2,889	)
			5,511			7,757			7,437			7,250			26,659			3,343			11,476			16,450
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			44			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from subsidiaries		1,314			3,614			147			(703	)		4,278			2,047			105			5,350
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			—			23			24			—			9			—			52
			6,825			11,371			7,608			6,572			30,937			5,399			11,624			21,851
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		105			221			142			110			118			72			920			50
	Accrued interest		—			—			—			—			—			—			—			—
	Due to MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			8,297			—			—			—			—
Total liabilities			105			221			142			8,407			118			72			920			50
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		6,720			11,150			7,466			(1,835	)		30,818			5,327			10,705			21,800
			6,825			11,371			7,608			6,572			30,937			5,399			11,624			21,851

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 1D,			Sub 7B,			Sub 7D,			Sub 7G,			Sub 6B,			Sub 4I,			Sub 5D,			Sub 5H,
		L.P.			L.P.			LLC			LLC			LLC			L.P.			LLC			LLC
Assets
	Investment in hotel properties		68,347			25,422			52,139			16,517			10,590			12,590			41,799			53,093
	Accumulated depreciation		(8,619	)		(2,739	)		(7,326	)		(3,747	)		(1,516	)		(3,921	)		(5,921	)		(6,999	)
			59,728			22,683			44,813			12,770			9,074			8,670			35,877			46,094
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			792			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from subsidiaries		14,895			(4,473	)		20,090			(15	)		2,132			981			(6,874	)		8,479
	Investments in affiliates		—			—			—			—			—			—			51,368			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		33			—			356			16			6			—			20			—
			74,657			18,210			66,051			12,771			11,212			9,650			80,391			54,573
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		100			1,001			4,650			(22	)		9			267			316			441
	Accrued interest		88			—			—			—			—			—			—			—
	Due to MeriStar Hotels & Resorts		—			—			(200	)		—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			—			—			24,000			—
Total liabilities			188			1,001			4,450			(22	)		9			267			24,316			441
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		74,469			17,209			61,602			12,793			11,202			9,384			56,075			54,132
			74,657			18,210			66,051			12,771			11,212			9,650			80,391			54,573

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			AGH			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 7H,			PSS I,			Sub 2D,			Sub 4F,			Sub 5K,			Sub 5M,			Sub 1E,			Sub 5O,
		LLC			Inc.			LLC			L.P.			LLC			LLC			L.P.			LLC
Assets
	Investment in hotel properties		10,036			17,757			16,062			31,828			27,875			21,999			10,441			8,704
	Accumulated depreciation		(4,353	)		(2,049	)		(2,289	)		(4,165	)		(3,323	)		(1,655	)		(1,500	)		(806	)
			5,682			15,708			13,773			27,663			24,552			20,344			8,942			7,898
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from subsidiaries		5,577			10,672			293			3,532			(1,303	)		6,415			6,571			2,406
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			—			1			25			—			—			—			—
			11,259			26,380			14,067			31,220			23,249			26,759			15,512			10,305
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		411			305			31			227			4,432			228			19			100
	Accrued interest		—			—			—			—			—			—			—			—
	Due to MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		13			—			9,614			—			—			—			—			—
Total liabilities			424			305			9,645			227			4,432			228			19			100
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		10,834			26,075			4,423			30,992			18,817			26,531			15,493			10,205
			11,259			26,380			14,067			31,220			23,249			26,759			15,512			10,305

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			Meristar			MeriStar
		Sub 6M,			Sub 4B,			Sub 6C,			Sub 2C,			Sub 4G,			Sub 3B,			Sub 5G,			Sub 5P,
		Company			L.P.			LLC			LLC			L.P.			LLC			L.P.			LLC
Assets
	Investment in hotel properties		32,871			16,810			20,772			29,697			25,522			24,897			162,642			39
	Accumulated depreciation		(4,185	)		(4,907	)		(3,209	)		(5,068	)		(3,561	)		(3,432	)		(21,107	)		(16	)
			28,686			11,903			17,563			24,629			21,961			21,465			141,535			23
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		13			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from subsidiaries		14,202			(4,410	)		9,015			5,473			6,673			2,045			33,665			1,713
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		34			10			—			1			18			—			5			—
			42,935			7,503			26,578			30,103			28,653			23,511			175,206			1,736
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		42			277			(69	)		386			318			182			1,588			37
	Accrued interest		—			—			—			—			—			—			—			—
	Due to MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			16,791			—			—			—			—
Total liabilities			42			277			(69	)		17,177			318			182			1,588			37
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		42,893			7,226			26,647			12,926			28,335			23,328			173,617			1,699
			42,935			7,503			26,578			30,103			28,653			23,511			175,206			1,736

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
June 30, 2002
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 5J,			Sub 5Q,			Sub 5A,			Sub 8D,			Sub 4J,			Hotel						Total
		LLC			LLC			LLC			LLC			LLC			Lessee, Inc.			Eliminations			Consolidated
Assets
	Investment in hotel properties		105,930			16,385			34,837			30,499			37,983			1,614			—			3,208,468
	Accumulated depreciation		(11,592	)		(1,456	)		(8,651	)		(4,447	)		(5,212	)		(1,500	)		—			(455,714	)
			94,338			14,930			26,186			26,052			32,772			114			—			2,752,754
	Cash and cash equivalents		—			—			—			—			—			27,324			—			27,405
	Accounts receivable, net		—			—			—			—			(10	)		41,776			—			51,995
	Prepaid expenses and other		—			—			—			1			—			15,097			—			15,208
	Note receivable		—			—			—			—			—			—			(84,095	)		59,069
	Due from subsidiaries		17,569			2,990			9,152			6,199			4,517			(7,393	)		—			—
	Investments in affiliates		—			—			—			—			—			1,629			(2,710,327	)		41,714
	Restricted cash		—			—			—			—			—			—			—			16,920
	Intangible assets, net		—			—			—			—			26			—			—			20,232
			111,907			17,920			35,338			32,252			37,305			78,548			(2,794,422	)		2,985,297
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		1,587			27			293			(86	)		180			71,134			—			121,582
	Accrued interest		—			—			—			—			—			(2	)		—			53,217
	Due to MeriStar Hotels & Resorts		—			—			—			—			—			9,172						9,092
	Income taxes payable		—			—			—			—			—			25			—			41
	Distributions payable		—			—			—			—			—			—			—			449
	Deferred income taxes		—			—			—			—			—			(337	)		—			6,798
	Interest rate swaps		—			—			—			—			—			—			—			8,684
	Notes payable to MeriStar		—			—			—			—			—			—			—			357,311
	Long-term debt		—			—			23,609			—			—			(3,114	)		(84,095	)		1,311,824
Total liabilities			1,587			27			23,903			(86	)		180			76,878			(84,095	)		1,868,998
	Minority interests		—			—			—			—			—			—			—			2,646
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			67,722
	Partners’ capital		110,320			17,893			11,435			32,339			37,125			1,670			(2,710,327	)		1,045,931
			111,907			17,920			35,338			32,252			37,305			78,548			(2,794,422	)		2,985,297

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

				MeriStar			Non-			MeriStar		AGH		MeriStar			MeriStar			MeriStar				MeriStar
				Hospitality			Guarantor			Sub 7C,		Upreit,		Sub 5N,			Sub 8A,			Sub 8F,				Sub 8G,
				OP, L.P.			Subsidiaries			LLC		LLC		LLC			LLC			L.P.				LLC
Participating lease revenue					—			35,050			—		—		244			344			570				—
	Hotel operations:				—			—			—		—		—			—			—				—
		Rooms			—			—			—		—		—			—			—				—
		Food and beverage			—			—			—		—		—			—			—				—
		Other operating departments			—			—			—		—		—			—			—				—
	Office rental and other revenues				1,705			2,153			—		—		—			—			—				—
Total revenue					1,705			37,203			—		—		244			344			570				—
Hotel operating expenses by department:					—			—			—		—		—			—			—				—
		Rooms			—			—			—		—		—			—			—				—
		Food and beverage			—			—			—		—		—			—			—		��		—
		Other operating departments			—			—			—		—		—			—			—				—
	Office rental, parking and other operating expenses				—			469			—		—		—			—			—				—
Undistributed operating expenses:					—			—			—		—		—			—			—				—
		Administrative and general			2,815			(40	)		—		—		—			—			—				—
		Property operating costs			—			(13	)		—		—		—			—			—				—
		Property taxes, insurance and other			(1,172	)		3,417			—		—		26			38			146				—
		Depreciation and amortization			2,489			13,600			—		—		33			53			113				—
		Expense for non-hedging derivatives			3,090			—			—		—		—			—			—				—
		Write down of investment in STS Hotel Net			—
		Swap termination fees			—			—			—		—		—			—			—				—
		Write down of deferred costs			—			—			—		—		—			—			—				—
		Loss on fair value of non-hedging derivatives			—			—			—		—		—			—			—				—
		FelCor merger costs			—			—			—		—		—			—			—				—
		Costs to terminate leases with Prime Hospitality			—			—			—		—		—			—			—				—
			Corporation		—			—			—		—		—			—			—				—
		Restructuring charge			—			—			—		—		—			—			—				—
		Total operating expenses			7,222			17,433			—		—		60			91			259				—
		Net operating income			(5,518	)		19,770			—		—		184			253			311				—
		Interest expense, net			25,866			6,990			—		—		(1	)		(1	)		(2	)			—
		Equity in income from consolidated entities			(34,974	)		—			—		—		—			—			—				—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			3,590			12,781			—		—		186			255			313				—
		Minority interests			(3	)		—			—		—		—			—			—				—
		Income (loss) before income tax benefit, loss on			—			—			—		—		—			—			—				—
		sale of assets			3,593			12,781			—		—		186			255			313				—
		Income tax benefit			90			—			—		—		—			—			—				—
		Income (loss) before loss on sale of assets			3,503			12,781			—		—		186			255			313				—
		Loss on sale of assets, net of tax effect			—			—			—		—		—			—			—				—
		Extraordinary item, net of tax effect			—			—			—		—		—			—			—				—
		Net income (loss)			3,503			12,781			—		—		186			255			313				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

				MeriStar		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6H,		Sub 8B,			Sub 1C,			Sub 8E,			Sub 7F,			Sub 5L,			Sub 3C,			Sub 5R,
				L.P.		LLC			L.P.			LLC			LLC			LLC			LLC			LLC
Participating lease revenue					413		2,082			404			431			322			294			448			—
	Hotel operations:				—		—			—			—			—			—			—			—
		Rooms			—		—			—			—			—			—			—			—
		Food and beverage			—		—			—			—			—			—			—			—
		Other operating departments			—		—			—			—			—			—			—			—
	Office rental and other revenues				—		—			—			7			—			—			—			—
Total revenue					413		2,082			404			439			322			294			448			—
Hotel operating expenses by department:					—		—			—			—			—			—			—			—
		Rooms			—		—			—			—			—			—			—			—
		Food and beverage			—		—			—			—			—			—			—			—
		Other operating departments			—		—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—		—			—			—			—			—			—			—
Undistributed operating expenses:					—		—			—			—			—			—			—			—
		Administrative and general			—		—			3			—			—			—			—			—
		Property operating costs			—		—			—			—			—			—			—			—
		Property taxes, insurance and other			24		358			198			45			36			30			112			—
		Depreciation and amortization			108		595			257			149			115			34			177			—
		Expense for non-hedging dervitives			—		—			—			—			—			—			—			—
		Write down of investment in STS Hotel Net
		Swap termination fees			—		—			—			—			—			—			—			—
		Write down of deferred costs			—		—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—		—			—			—			—			—			—			—
		FelCor merger costs			—		—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—		—			—			—			—			—			—			—
			Corporation		—		—			—			—			—			—			—			—
		Restructuring charge			—		—			—			—			—			—			—			—
		Total operating expenses			131		953			458			194			151			63			289			—
		Net operating income			282		1,129			(54	)		245			170			231			159			—
		Interest expense, net			—		(25	)		(11	)		(1	)		(3	)		(1	)		(5	)		—
		Equity in income from consolidated entities			—		—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			282		1,154			(42	)		246			173			232			164			—
		Minority interests			—		—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on			—		—			—			—			—			—			—			—
		sale of assets			282		1,154			(42	)		246			173			232			164			—
		Income tax benefit			—		—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			282		1,154			(42	)		246			173			232			164			—
		Loss on sale of assets, net of tax effect			—		—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—		—			—			—			—			—			—			—
		Net income (loss)			282		1,154			(42	)		246			173			232			164			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6D,			Sub 6E,			Sub 4E,			Sub 1B,			Sub 5F,			Sub 6G,			Sub 8C,			Sub 4C,
				LLC			LLC			L.P.			LLC			L.P.			LLC			LLC			L.P.
Participating lease revenue					636			1,662			357			680			729			813			486			249
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				4			—			4			(12	)		—			—			—			—
Total revenue					640			1,662			360			668			729			813			486			249
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			44			208			98			40			86			77			148			101
		Depreciation and amortization			133			424			229			158			264			209			346			131
		Expense for non-hedging dervitives			—			—			—			—			—			—			—			—
		Write down of investment in STS Hotel Net
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			177			633			327			198			350			286			495			232
		Net operating income			462			1,029			33			470			379			527			(8	)		17
		Interest expense, net			(7	)		(16	)		(7	)		(5	)		(10	)		(13	)		(11	)		(9	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			470			1,045			40			475			389			539			3			26
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on			—			—			—			—			—			—			—			—
		sale of assets			470			1,045			40			475			389			539			3			26
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			470			1,045			40			475			389			539			3			26
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			470			1,045			40			475			389			539			3			26

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

																			MeriStar
				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			Sub 7A			MeriStar			MeriStar
				Sub 4H,			Sub 7E,			Sub 3D,			Sub 1A,			Sub 5E,			Joint			Sub 6K,			Sub 2B,
				L.P.			LLC			LLC			LLC			LLC			Venture			LLC			LLC
Participating lease revenue					178			355			514			470			1,824			353			1,163			162
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			—			—			—			—			—			—			—
Total revenue					178			355			514			470			1,824			353			1,163			162
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			47			40			63			81			99			55			121			35
		Depreciation and amortization			135			157			211			113			484			104			186			107
		Expense for non-hedging dervitives			—			—			—			—			—			—			—			—
		Write down of investment in STS Hotel Net
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			182			197			274			194			583			159			307			142
		Net operating income			(4	)		157			241			276			1,241			193			856			21
		Interest expense, net			(2	)		(4	)		(11	)		(4	)		(8	)		(9	)		(10	)		99
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			(2	)		162			252			280			1,250			202			866			(78	)
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on			—			—			—			—			—			—			—			—
		sale of assets			(2	)		162			252			280			1,250			202			866			(78	)
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			(2	)		162			252			280			1,250			202			866			(78	)
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			(2	)		162			252			280			1,250			202			866			(78	)

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MDV			MeriStar			MeriStar
				Sub 3A,			Sub 4A,			Sub 4D,			Sub 2A,			Sub 6L,			Limited			Sub 5C,			Sub 6J,
				LLC			L.P.			LLC			LLC			LLC			Partnership			LLC			LLC
Participating lease revenue					132			249			116			167			492			141			479			816
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			—			—			—			—			—			—			—
Total revenue					132			249			116			167			492			141			479			816
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			27			61			40			38			48			27			110			47
		Depreciation and amortization			62			—			77			81			223			34			149			160
		Expense for non-hedging dervitives			—			—			—			—			—			—			—			—
		Write down of investment in STS Hotel Net
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			89			61			117			120			271			60			260			207
		Net operating income			44			187			(1	)		47			221			81			220			609
		Interest expense, net			(13	)		(10	)		(11	)		174			(3	)		(1	)		(9	)		(10	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			57			197			10			(126	)		224			82			229			619
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on			—			—			—			—			—			—			—			—
		sale of assets			57			197			10			(126	)		224			82			229			619
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			57			197			10			(126	)		224			82			229			619
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			57			197			10			(126	)		224			82			229			619

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 1D,			Sub 7B,			Sub 7D,			Sub 7G,			Sub 6B,			Sub 4I,			Sub 5D,			Sub 5H,
				L.P.			L.P.			LLC			LLC			LLC			L.P.			LLC			LLC
Participating lease revenue					1,278			390			1,387			146			396			19			576			731
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				108			—			331			—			—			—			—			—
Total revenue					1,386			390			1,718			146			396			19			576			731
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				34			—			199			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			279			221			534			61			56			76			76			164
		Depreciation and amortization			564			232			416			189			113			99			362			493
		Expense for non-hedging dervitives			—			—			—			—			—			—			—			—
		Write down of investment in STS Hotel Net
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			877			453			1,149			250			169			176			438			657
		Net operating income			508			(62	)		570			(103	)		227			(157	)		138			74
		Interest expense, net			(8	)		(4	)		(12	)		(6	)		(3	)		(11	)		380			(22	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			516			(58	)		582			(97	)		230			(146	)		(242	)		96
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on			—			—			—			—			—			—			—			—
		sale of assets			516			(58	)		582			(97	)		230			(146	)		(242	)		96
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			516			(58	)		582			(97	)		230			(146	)		(242	)		96
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			516			(58	)		582			(97	)		230			(146	)		(242	)		96

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

				MeriStar			AGH			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 7H,			PSS I,			Sub 2D,			Sub 4F,			Sub 5K,			Sub 5M,			Sub 1E,			Sub 5O,
				LLC			Inc.			LLC			L.P.			LLC			LLC			L.P.			LLC
Participating lease revenue					314			666			352			467			643			440			459			206
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			1			—			—			—			—			—			—
Total revenue					314			667			352			467			643			440			459			206
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			91			107			59			93			75			74			37			34
		Depreciation and amortization			138			—			120			280			297			113			74			54
		Expense for non-hedging dervitives			—			—			—			—			—			—			—			—
		Write down of investment in STS Hotel Net
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			230			107			179			373			372			187			111			88
		Net operating income			85			561			173			94			272			253			349			117
		Interest expense, net			(5	)		(14	)		200			(10	)		(28	)		(5	)		(4	)		(2	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			90			574			(27	)		105			299			258			353			119
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on			—			—			—			—			—			—			—			—
		sale of assets			90			574			(27	)		105			299			258			353			119
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			90			574			(27	)		105			299			258			353			119
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			90			574			(27	)		105			299			258			353			119

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6M			Sub 4B,			Sub 6C,			Sub 2C,			Sub 4G,			Sub 3B,			Sub 5G,			Sub 5P,
				Company			L.P.			LLC			LLC			L.P.			LLC			L.P.			LLC
Participating lease revenue					1,299			51			832			419			621			205			3,033			183
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			—			4			9			4			6			12			—
Total revenue					1,299			51			836			427			625			211			3,045			183
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			(1	)		—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			73			85			50			89			125			79			456			12
		Depreciation and amortization			301			119			195			264			229			231			1,547			1
		Expense for non-hedging dervitives			—			—			—			—			—			—			—			—
		Write down of investment in STS Hotel Net
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			374			204			245			354			354			310			2,003			13
		Net operating income			925			(154	)		591			73			271			(98	)		1,042			170
		Interest expense, net			(7	)		(66	)		(11	)		344			(7	)		(11	)		(37	)		—
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			932			(87	)		602			(271	)		277			(88	)		1,079			170
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on			—			—			—			—			—			—			—			—
		sale of assets			932			(87	)		602			(271	)		277			(88	)		1,079			170
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			932			(87	)		602			(271	)		277			(88	)		1,079			170
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			932			(87	)		602			(271	)		277			(88	)		1,079			170

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2002
(in thousands)

																		MeriStar
				MeriStar			MeriStar			MeriStar		MeriStar			MeriStar			Hotel
				Sub 5J,			Sub 5Q,			Sub 5A,		Sub 8D,			Sub 4J,			Lessee,						Total
				LLC			LLC			LLC		LLC			LLC			Inc.			Eliminations			Consolidated
Participating lease revenue					2,586			543			1,418		579			814			—			(74,881	)		—
	Hotel operations:				—			—			—		—			—			—			—			—
		Rooms			—			—			—		—			—			183,422			—			183,422
		Food and beverage			—			—			—		—			—			71,905			—			71,905
		Other operating departments			—			—			—		—			—			20,608			—			20,608
	Office rental and other revenues				—			—			37		—			69			879			—			5,320
Total revenue					2,586			543			1,455		579			883			276,813			(74,881	)		281,255
Hotel operating expenses by department:					—			—			—		—			—			—			—			—
		Rooms			—			—			—		—			—			43,443			—			43,443
		Food and beverage			—			—			—		—			—			50,445			—			50,445
		Other operating departments			—			—			—		—			—			11,651			—			11,651
	Office rental, parking and other operating expenses				—			—			—		—			89			—			—			790
Undistributed operating expenses:					—			—			—		—			—			—			—			—
		Administrative and general			—			—			—		—			4			41,946			—			44,727
		Property operating costs			—			—			—		—			—			41,466			—			41,453
		Property taxes, insurance and other			439			72			150		101			(86	)		83,063			(74,881	)		16,864
		Depreciation and amortization			867			120			377		317			335			789			—			31,139
		Expense for non-hedging derivatives			—			—			—		—			—			—			—			3,090
		Write down of investment in STS Hotel Net																	—						—
		Swap termination fees			—			—			—		—			—			—			—			—
		Write down of deferred costs			—			—			—		—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—		—			—			—			—			—
		FelCor merger costs			—			—			—		—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—		—			—			—			—			—
			Corporation		—			—			—		—			—			—			—			—
		Restructuring charge			—			—			—		—			—			—			—			—
		Total operating expenses			1,306			192			527		418			342			272,803			(74,881	)		243,602
		Net operating income			1,280			350			928		161			541			4,011			—			37,653
		Interest expense, net			(31	)		(25	)		691		(5	)		(11	)		(101	)		—			34,063
		Equity in income from consolidated entities			—			—			—		—			—			—			34,974			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			1,311			375			237		166			552			4,112			(58,834	)		3,590
		Minority interests			—			—			—		—			—			—			—			(3	)
		Income (loss) before income tax benefit, loss on			—			—			—		—			—			—			—			—
		sale of assets			1,311			375			237		166			552			4,112			(58,834	)		3,593
		Income tax benefit			—			—			—		—			—			—			—			90
		Income (loss) before loss on sale of assets			1,311			375			237		166			552			4,112			(58,834	)		3,503
		Loss on sale of assets, net of tax effect			—			—			—		—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—		—			—			—			—			—
		Net income (loss)			1,311			375			237		166			552			4,112			(34,974	)		3,503

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

					MeriStar			Non-			MeriStar		AGH		MeriStar			MeriStar			MeriStar			MeriStar
					Hospitality			Guarantor			Sub 7C,		Upreit,		Sub 5N			Sub 8A,			Sub 8F,			Sub 8G,
Revenue:					OP, L.P.			Subsidiaries			LLC		LLC		LLC			LLC			L.P.			LLC
	Participating lease revenue					—			70,137			—		—		563			689			1,141			—
		Hotel operations:
			Rooms			—			—			—		—					—			—			—
			Food and beverage			—			—			—		—					—			—			—
			Other operating departments			—			—			—		—					—			—			—
		Office rental and other revenues				3,538			3,531			—		—					—			—			—
Total revenue						3,538			73,668			—		—		563			689			1,141			—
Hotel operating expenses by department:
			Rooms			—			—			—		—		—			—			—			—
			Food and beverage			—			—			—		—		—			—			—			—
			Other operating departments			—			—			—		—		—			—			—			—
		Office rental, parking and other operating expenses				—			670			—		—		—			—			—			—
Undistributed operating expenses:
			Administrative and general			5,150			16			—		—		—			—			1			—
			Property operating costs			(454	)		(1	)		—		—					—			—			—
			Property taxes, insurance and other			(1,932	)		9,698			—		—		53			76			376			—
			Depreciation and amortization			5,160			26,859			—		—		66			112			226			—
			Expense for non-hedging derivatives			3,079
			Write down of investment in STS Hotel Net			—			—			—		—		—			—			—			—
			Loss on asset impairment			—			—			—		—		—			—			—			—
			Write down of deferred costs			1,529			—			—		—		—			—			—			—
			Loss on fair value of non-hedging derivatives			4,735			—			—		—		—			—			—			—
			FelCor merger costs			—			—			—		—		—			—			—			—
			Costs to terminate leases with Prime Hospitality													—
				Corporation		—			—			—		—		—			—			—			—
			Restructuring charge			—			—			—		—		—			—			—			—
			Total operating expenses			17,267			37,242			—		—		120			188			603			—
			Net operating income			(13,730	)		36,426			—		—		443			501			538			—
			Interest expense, net			52,076			13,932			—		—		(3	)		(5	)		(4	)		—
			Equity in income from consolidated entities			(58,834	)		—			—		—		—						—			—
			Income (loss) before minority interests, income
				tax benefit, loss on sale of assets		(6,972	)		22,495			—		—		447			507			542			—
			Minority interests			8			—			—		—		—
			Income (loss) before income tax benefit, loss on
				sale of assets		(6,980	)		22,495			—		—		447			507			542			—
			Income tax benefit			(159	)		—			—		—					—			—			—
			Income (loss) before loss on sale of assets			(6,821	)		22,495			—		—		447			507			542			—
			Loss on sale of assets, net of tax effect			—			—			—		—					—			—			—
			Extraordinary item, net of tax effect			—			—			—		—					—			—			—
			Net income (loss)			(6,821	)		22,495			—		—		447			507			542			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6H,			Sub 8B,			Sub 1C,			Sub 8E,			Sub 7F,
Revenue:				L.P.			LLC			L.P.			LLC			LLC
	Participating lease revenue				791			3,873			814			807			596
		Hotel operations:
			Rooms		—			—			—			—			—
			Food and beverage		—			—			—			—			—
			Other operating departments		—			—			—			—			—
		Office rental and other revenues			—			—			—			15			—
Total revenue					791			3,873			814			823			596
Hotel operating expenses by department:
			Rooms		—			—			—			—			—
			Food and beverage		—			—			—			—			—
			Other operating departments		—			—			—			—			—
		Office rental, parking and other operating expenses			—			—			—			—			—
Undistributed operating expenses:
			Administrative and general		1			—			3			—			—
			Property operating costs		—			—			—			—			—
			Property taxes, insurance and other		49			716			400			91			70
			Depreciation and amortization		215			1,190			514			296			233
			Expense for non-hedging derivatives
			Write down of investment in STS Hotel Net		—			—			—			—			—
			Loss on asset impairment		—			—			—			—			—
			Write down of deferred costs		—			—			—			—			—
			Loss on fair value of non-hedging derivatives		—			—			—			—			—
			FelCor merger costs		—			—			—			—			—
			Costs to terminate leases with Prime Hospitality Corporation		—			—			—			—			—
			Restructuring charge		—			—			—			—			—
			Total operating expenses		264			1,906			917			387			303
			Net operating income		527			1,967			(103	)		436			292
			Interest expense, net		(1	)		(39	)		(21	)		(5	)		(5	)
			Equity in income from consolidated entities		—			—			—			—			—
			Income (loss) before minority interests, income tax benefit, loss on sale of assets		528			2,006			(81	)		441			297
			Minority interests		—			—			—			—			—
			Income (loss) before income tax benefit, loss on sale of assets		528			2,006			(81	)		441			297
			Income tax benefit		—			—			—			—			—
			Income (loss) before loss on sale of assets		528			2,006			(81	)		441			297
			Loss on sale of assets, net of tax effect		—			—			—			—			—
			Extraordinary item, net of tax effect		—			—			—			—			—
			Net income (loss)		528			2,006			(81	)		441			297

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

					MeriStar			MeriStar			MeriStar		MeriStar			MeriStar			MeriStar
					Sub 5L,			Sub 3C,			Sub 5R,		Sub 6D,			Sub 6E,			Sub 4E,
Revenue:					LLC			LLC			LLC		LLC			LLC			L.P.
	Participating lease revenue					611			989			—		1,153			2,926			699
		Hotel operations:
			Rooms			—			—			—		—			—			—
			Food and beverage			—			—			—		—			—			—
			Other operating departments			—			—			—		—			—			—
		Office rental and other revenues				—			—			—		10			—			7
Total revenue						611			989			—		1,163			2,926			705
Hotel operating expenses by department:
			Rooms			—			—			—		—			—			—
			Food and beverage			—			—			—		—			—			—
			Other operating departments			—			—			—		—			—			—
		Office rental, parking and other operating expenses				—			—			—		—			—			—
Undistributed operating expenses:
			Administrative and general			—			—			—		—			—			—
			Property operating costs			—			—			—		—			—			—
			Property taxes, insurance and other			60			226			—		90			415			195
			Depreciation and amortization			67			353			—		266			849			459
			Expense for non-hedging derivatives
			Write down of investment in STS Hotel Net			—			—			—		—			—			—
			Loss on asset impairment			—			—			—		—			—			—
			Write down of deferred costs			—			—			—		—			—			—
			Loss on fair value of non-hedging derivatives			—			—			—		—			—			—
			FelCor merger costs			—			—			—		—			—			—
			Costs to terminate leases with Prime Hospitality Corporation			—			—			—		—			—			—
			Restructuring charge			—			—			—		—			—			—
			Total operating expenses			126			579			—		356			1,265			654
			Net operating income			485			410			—		806			1,661			51
			Interest expense, net			(4	)		(10	)		—		(13	)		(28	)		(13	)
			Equity in income from consolidated entities			—			—			—		—			—			—
				Income (loss) before minority interests, income tax benefit, loss on sale of assets		489			420			—		820			1,689			64
			Minority interests			—			—			—		—			—			—
			Income (loss) before income tax benefit, loss on sale of assets			489			420			—		820			1,689			64
			Income tax benefit			—			—			—		—			—			—
			Income (loss) before loss on sale of assets			489			420			—		820			1,689			64
			Loss on sale of assets, net of tax effect			—			—			—		—			—			—
			Extraordinary item, net of tax effect			—			—			—		—			—			—
			Net income (loss)			489			420			—		820			1,689			64

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

					MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
					Sub 1B,			Sub 5F,			Sub 6G,			Sub 8C,			Sub 4C,			Sub 4H,			Sub 7E,			Sub 3D,			Sub 1A,
Revenue:					LLC			L.P.			LLC			LLC			L.P			L.P.			LLC			LLC			LLC
	Participating lease revenue					1,185			1,531			1,376			973			559			349			717			1,227			871
		Hotel operations:
			Rooms			—			—			—			—			—			—			—			—			—
			Food and beverage			—			—			—			—			—			—			—			—			—
			Other operating departments			—			—			—			—			—			—			—			—			—
		Office rental and other revenues				569			—			—			2			—			—			—			—			—
Total revenue						1,754			1,531			1,376			975			559			349			717			1,227			871
Hotel operating expenses by department:
			Rooms			—			—			—			—			—			—			—			—			—
			Food and beverage			—			—			—			—			—			—			—			—			—
			Other operating departments			—			—			—			—			—			—			—			—			—
		Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—			—
Undistributed operating expenses:
			Administrative and general			—			1			—			(1	)		—			—			—			—			—
			Property operating costs			—			—			—			—			—			—			—			—			—
			Property taxes, insurance and other			79			170			152			299			202			94			79			81			163
			Depreciation and amortization			316			528			418			692			283			270			315			451			232
			Expense for non-hedging derivatives
			Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—			—
			Loss on asset impairment			—			—			—			—			—			—			—			—			—
			Write down of deferred costs			—			—			—			—			—			—			—			—			—
			Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—			—
			FelCor merger costs			—			—			—			—			—			—			—			—			—
			Costs to terminate leases with Prime Hospitality
				Corporation		—			—			—			—			—			—			—			—			—
			Restructuring charge			—			—			—			—			—			—			—			—			—
			Total operating expenses			395			699			570			991			485			364			394			532			395
			Net operating income			1,359			832			806			(15	)		74			(15	)		322			696			476
			Interest expense, net			(8	)		(17	)		(22	)		(21	)		(18	)		(4	)		(9	)		(20	)		(9	)
			Equity in income from consolidated entities			—			—			—			—			—			—			—			—			—
			Income (loss) before minority interests, income tax benefit, loss on sale of assets			1,367			849			827			6			92			(11	)		332			716			485
			Minority interests			—			—			—			—			—			—			—			—			—
			Income (loss) before income tax benefit, loss on
				sale of assets		1,367			849			827			6			92			(11	)		332			716			485
			Income tax benefit			—			—			—			—			—			—			—			—			—
			Income (loss) before loss on sale of assets			1,367			849			827			6			92			(11	)		332			716			485
			Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—			—
			Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—			—
			Net income (loss)			1,367			849			827			6			92			(11	)		332			716			485

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 5E,			Sub 7A,			Sub 6K,			Sub 2B,			Sub 3A,			Sub 4A,			Sub 4D,			Sub 2A,
Revenue:		LLC			LLC			LLC			LLC			LLC			LLC			LLC			LLC
Participating lease revenue			2,904			625			2,045			271			265			497			233			294
Hotel operations:
	Rooms		—			—			—			—			—			—			—			—
	Food and beverage		—			—			—			—			—			—			—			—
	Other operating departments		—			—			—			—			—			—			—			—
Office rental and other revenues			—			—			—			—			—			—			—			—
Hotel operating expenses by department:			2,904			625			2,045			271			265			497			233			294
	Rooms		—			—			—			—			—			—			—			—
	Food and beverage		—			—			—			—			—			—			—			—
	Other operating departments		—			—			—			—			—			—			—			—
Office rental, parking and other operating expenses			—			—			—			—			—			—			—			—
Undistributed operating expenses:
	Administrative and general		—			1			—			—			—			—			—			2
	Property operating costs		—			—			—			—			—			—			—			—
	Property taxes, insurance and other		195			111			241			71			55			121			86			75
	Depreciation and amortization		969			208			372			212			133			—			157			159
	Expense for non-hedging derivatives
	Write down of investment in STS Hotel Net		—			—			—			—			—			—			—			—
	Loss on asset impairment		—			—			—			—			—			—			—			—
	Write down of deferred costs		—			—			—			—			—			—			—			—
	Loss on fair value of non-hedging derivatives		—			—			—			—			—			—			—			—
	FelCor merger costs		—			—			—			—			—			—			—			—
	Costs to terminate leases with Prime Hospitality Corporation		—			—			—			—			—			—			—			—
	Restructuring charge		—			—			—			—			—			—			—			—
	Total operating expenses		1,164			320			613			283			188			121			243			237
	Net operating income		1,740			304			1,432			(11	)		78			375			(10	)		57
	Interest expense, net		(16	)		(16	)		(18	)		194			(18	)		(17	)		(20	)		341
	Equity in income from consolidated entities		—			—			—			—			—			—			—			—
	Income (loss) before minority interests, income tax benefit, loss on sale of assets		1,757			320			1,450			(205	)		96			392			10			(283	)
	Minority interests		—			—			—			—			—			—			—			—
	Income (loss) before income tax benefit, loss on sale of assets		1,757			320			1,450			(205	)		96			392			10			(283	)
	Income tax benefit		—			—			—			—			—			—			—			—
	Income (loss) before loss on sale of assets		1,757			320			1,450			(205	)		96			392			10			(283	)
	Loss on sale of assets, net of tax effect		—			—			—			—			—			—			—			—
	Extraordinary item, net of tax effect		—			—			—			—			—			—			—			—
	Net income (loss)		1,757			320			1,450			(205	)		96			392			10			(283	)

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

				MeriStar			MDV			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6L,			Limited			Sub 5C,			Sub 6J,			Sub 1D,			Sub 7B,			Sub 7D,			Sub 7G,			Sub 6B,
Revenue:				LLC			Partnership			LLC			LLC			L.P.			L.P.			LLC			LLC			LLC
	Participating lease revenue				842			331			738			1,438			2,660			781			2,774			292			649
		Hotel operations:
			Rooms		—			—			—			—			—			—			—			—			—
			Food and beverage		—			—			—			—			—			—			—			—			—
			Other operating departments		—			—			—			—			—			—			—			—			—
		Office rental and other revenues			—			—			—			—			215			—			672			—			—
Total revenue					842			331			738			1,438			2,875			781			3,446			292			649
Hotel operating expenses by department:
			Rooms		—			—			—			—			—			—			—			—			—
			Food and beverage		—			—			—			—			—			—			—			—			—
			Other operating departments		—			—			—			—			—			—			—			—			—
		Office rental, parking and other operating expenses			—			—			—			—			65			—			682			—			—
Undistributed operating expenses:
			Administrative and general		1			—			—			—			—			1			—			—			—
			Property operating costs		—			—			—			—			—			—			—			—			—
			Property taxes, insurance and other		98			65			208			93			546			444			1,067			120			116
			Depreciation and amortization		445			68			298			322			1,118			463			832			378			227
			Expense for non-hedging derivatives
			Write down of investment in STS Hotel Net		—			—			—			—			—			—			—			—			—
			Loss on asset impairment		—			—			—			—			—			—			—			—			—
			Write down of deferred costs		—			—			—			—			—			—			—			—			—
			Loss on fair value of non-hedging derivatives		—			—			—			—			—			—			—			—			—
			FelCor merger costs		—			—			—			—			—			—			—			—			—
			Costs to terminate leases with Prime Hospitality Corporation		—			—			—			—			—			—			—			—			—
			Restructuring charge		—			—			—			—			—			—			—			—			—
			Total operating expenses		544			132			507			415			1,729			908			2,581			498			343
			Net operating income		298			199			232			1,023			1,145			(126	)		866			(205	)		306
			Interest expense, net		(5	)		(2	)		(17	)		(19	)		(30	)		(8	)		(23	)		(12	)		(4	)
			Equity in income from consolidated entities		—			—			—			—			—			—			—			—			—
			Income (loss) before minority interests, income tax benefit, loss on sale of assets		303			201			249			1,042			1,175			(118	)		889			(193	)		310
			Minority interests		—			—			—			—			—			—			—			—			—
			Income (loss) before income tax benefit, loss on sale of assets		303			201			249			1,042			1,175			(118	)		889			(193	)		310
			Income tax benefit		—			—			—			—			—			—			—			—			—
			Income (loss) before loss on sale of assets		303			201			249			1,042			1,175			(118	)		889			(193	)		310
			Loss on sale of assets, net of tax effect		—			—			—			—			—			—			—			—			—
			Extraordinary item, net of tax effect		—			—			—			—			—			—			—			—			—
			Net income (loss)		303			201			249			1,042			1,175			(118	)		889			(193	)		310

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

			MeriStar			MeriStar			MeriStar			MeriStar						MeriStar			MeriStar			MeriStar
			Sub 4I,			Sub 5D,			Sub 5H,			Sub 7H,			AGH PSS			Sub 2D,			Sub 4F,			Sub 5K,
Revenue:			L.P.			LLC			LLC			LLC			I, Inc.			LLC			L.P.			LLC
Participating lease revenue				39			992			1,970			629			1,403			597			934			1,379
Hotel operations:
	Rooms			—			—			—			—			—			—			—			—
	Food and beverage			—			—			—			—			—			—			—			—
	Other operating departments			—			—			—			—			—			—			—			—
Office rental and other revenues				—			—			—			—			2			—			4			—
Total revenue				39			992			1,970			629			1,405			597			938			1,379
Hotel operating expenses by department:
	Rooms			—			—			—			—			—			—			—			—
	Food and beverage			—			—			—			—			—			—			—			—
	Other operating departments			—			—			—			—			—			—			—			—
Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:
	Administrative and general			—			—			—			—			—			—			—			—
	Property operating costs			—			—			—			—			—			—			—			—
	Property taxes, insurance and other			152			163			332			183			212			115			186			151
	Depreciation and amortization			243			724			986			290			—			237			560			594
	Expense for non-hedging derivatives
	Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
	Loss on asset impairment			—			—			—			—			—			—			—			—
	Write down of deferred costs			—			—			—			—			—			—			—			—
	Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
	FelCor merger costs			—			—			—			—			—			—			—			—
	Costs to terminate leases with Prime Hospitality
		Corporation		—			—			—			—			—			—			—			—
	Restructuring charge			—			—			—			—			—			—			—			—
	Total operating expenses			396			887			1,318			474			212			352			746			745
	Net operating income			(357	)		105			652			156			1,194			245			192			635
	Interest expense, net			(20	)		779			(40	)		(10	)		(22	)		392			(17	)		(50	)
	Equity in income from consolidated entities			—			—			—			—			—			—			—			—
	Income (loss) before minority interests, income tax benefit, loss on sale of assets			(337	)		(674	)		692			166			1,215			(147	)		210			684
	Minority interests			—			—			—			—			—			—			—			—
	Income (loss) before income tax benefit, loss on sale of assets			(337	)		(674	)		692			166			1,215			(147	)		210			684
	Income tax benefit			—			—			—			—			—			—			—			—
	Income (loss) before loss on sale of assets			(337	)		(674	)		692			166			1,215			(147	)		210			684
	Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
	Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
	Net income (loss)			(337	)		(674	)		692			166			1,215			(147	)		210			684

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

					MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
					Sub 5M,			Sub 1E,			Sub 5O,			Sub 6M,			Sub 4B,			Sub 6C,			Sub 2C,			Sub 4G,			Sub 3B,
Revenue:					LLC			L.P.			LLC			Company			L.P.			LLC			LLC			L.P.			LLC
	Participating lease revenue					1,089			776			482			2,216			106			1,546			762			1,347			573
		Hotel operations:
			Rooms			—			—			—			—			—			—			—			—			—
			Food and beverage			—			—			—			—			—			—			—			—			—
			Other operating departments			—			—			—			—			—			—			—			—			—
		Office rental and other revenues				—			—			—			—			—			8			28			10			12
Total revenue						1,089			776			482			2,216			106			1,554			789			1,357			585
Hotel operating expenses by department:
			Rooms			—			—			—			—			—			—			—			—			—
			Food and beverage			—			—			—			—			—			—			—			—			—
			Other operating departments			—			—			—			—			—			—			—			—			—
		Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—			—
Undistributed operating expenses:
			Administrative and general			—			—			—			—			—			—			—			—			—
			Property operating costs			—			—			—			—			—			—			—			—			—
			Property taxes, insurance and other			150			73			69			144			171			100			175			249			160
			Depreciation and amortization			226			150			109			603			296			394			519			458			461
			Expense for non-hedging derivatives
			Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—			—
			Loss on asset impairment			—			—			—			—			—			—			—			—			—
			Write down of deferred costs			—			—			—			—			—			—			—			—			—
			Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—			—
			FelCor merger costs			—			—			—			—			—			—			—			—			—
			Costs to terminate leases with Prime Hospitality
				Corporation		—			—			—			—			—			—			—			—			—
			Restructuring charge			—			—			—			—			—			—			—			—			—
			Total operating expenses			376			223			178			747			467			494			695			707			621
			Net operating income			713			554			303			1,469			(362	)		1,060			94			650			(35	)
			Interest expense, net			(10	)		(8	)		(4	)		(11	)		(122	)		(18	)		676			(13	)		(18	)
			Equity in income from consolidated entities			—			—			—			—			—			—			—			—			—
			Income (loss) before minority interests, income tax benefit, loss on sale of assets			723			562			307			1,480			(239	)		1,078			(582	)		662			(18	)
			Minority interests			—			—			—			—			—			—			—			—			—
			Income (loss) before income tax benefit, loss on sale of assets			723			562			307			1,480			(239	)		1,078			(582	)		662			(18	)
			Income tax benefit			—			—			—			—			—			—			—			—			—
			Income (loss) before loss on sale of assets			723			562			307			1,480			(239	)		1,078			(582	)		662			(18	)
			Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—			—
			Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—			—
			Net income (loss)			723			562			307			1,480			(239	)		1,078			(582	)		662			(18	)

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

					MeriStar			MeriStar		MeriStar			MeriStar				MeriStar
					Sub 5G,			Sub 5P,		Sub 5J,			Sub 5Q,				Sub 5A,
Revenue:					L.P.			LLC		LLC			LLC				LLC
	Participating lease revenue					6,253			302		5,376			1,196				3,000
		Hotel operations:
			Rooms			—			—		—			—				—
			Food and beverage			—			—		—			—				—
			Other operating departments			—			—		—			—				—
		Office rental and other revenues				30			—		—			—				60
Total revenue						6,283			302		5,376			1,196				3,060
Hotel operating expenses by department:
			Rooms			—			—		—			—				—
			Food and beverage			—			—		—			—				—
			Other operating departments			—			—		—			—				—
		Office rental, parking and other operating expenses				—			—		—			—				—
Undistributed operating expenses:
			Administrative and general			2			—		—			—				—
			Property operating costs			—			—		—			—				—
			Property taxes, insurance and other			921			18		910			140				301
			Depreciation and amortization			3,095			1		1,733			240				690
			Expense for non-hedging derivatives
			Write down of investment in STS Hotel Net			—			—		—			—				—
			Loss on asset impairment			—			—		—			—		��		—
			Write down of deferred costs			—			—		—			—				—
			Loss on fair value of non-hedging derivatives			—			—		—			—				—
			FelCor merger costs			—			—		—			—				—
			Costs to terminate leases with Prime Hospitality
				Corporation		—			—		—			—				—
			Restructuring charge			—			—		—			—				—
			Total operating expenses			4,018			19		2,643			380				991
			Net operating income			2,265			283		2,733			815				2,069
			Interest expense, net			(67	)		—		(57	)		(47	)			1,384
			Equity in income from consolidated entities			—			—		—			—				—
			Income (loss) before minority interests, income
				tax benefit, loss on sale of assets		2,332			283		2,790			862				685
			Minority interests			—			—		—			—				—
			Income (loss) before income tax benefit, loss on
				sale of assets		2,332			283		2,790			862				685
			Income tax benefit			—			—		—			—				—
			Income (loss) before loss on sale of assets			2,332			283		2,790			862				685
			Loss on sale of assets, net of tax effect			—			—		—			—				—
			Extraordinary item, net of tax effect			—			—		—			—				—
			Net income (loss)			2,332			283		2,790			862				685

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2002
(in thousands)

					MeriStar			MeriStar			MeriStar
					Sub 8D,			Sub 4J,			Hotel						Total
Revenue:					LLC			LLC			Lessee, Inc.			Eliminations			Consolidated
	Participating lease revenue					1,158			1,590			—			(147,934	)		—
		Hotel operations:																—
			Rooms			—			—			353,970			—			353,970
			Food and beverage			—			—			133,970			—			133,970
			Other operating departments			—			—			39,716			—			39,716
		Office rental and other revenues				—			134			1,417			—			10,263
Total revenue						1,158			1,724			529,072			(147,934	)		537,919
																		—
Hotel operating expenses by department:																		—
			Rooms			—			—			82,378			—			82,378
			Food and beverage			—			—			94,850			—			94,850
			Other operating departments			—						22,345			—			22,345
		Office rental, parking and other operating expenses				—			188			—			—			1,604
Undistributed operating expenses:																		—
			Administrative and general			—			4			83,017			—			88,198
			Property operating costs			—			—			79,290			—			78,835
			Property taxes, insurance and other			207			15			163,967			(147,934	)		36,945
			Depreciation and amortization			634			671			1,083			—			61,731
			Expense for non-hedging derivatives															3,079
			Write down of investment in STS Hotel Net			—			—			—			—			—
			Loss on asset impairment			—			—			—			—			—
			Write down of deferred costs			—			—			—			—			1,529
			Loss on fair value of non-hedging derivatives			—			—			—			—			4,735
			FelCor merger costs			—			—			—			—			—
			Costs to terminate leases with Prime Hospitality															—
				Corporation		—			—			—			—			—
			Restructuring charge			—			—			—			—			—
			Total operating expenses			841			878			526,929			(147,934	)		476,229
																		—
			Net operating income			317			846			2,143			—			61,690
																		—
			Interest expense, net			(10	)		(22	)		(40	)		—			68,662
			Equity in income from consolidated entities			—			—			—			58,834			—
			Income (loss) before minority interests, income															—
				tax benefit, loss on sale of assets		327			868			2,183			(58,834	)		(6,972	)
			Minority interests			—			—			—			—			8
																		—
			Income (loss) before income tax benefit, loss on															—
				sale of assets		327			868			2,183			(58,834	)		(6,980	)
			Income tax benefit			—			—			—			—			(159	)
																		—
			Income (loss) before loss on sale of assets			327			868			2,183			(58,834	)		(6,821	)
			Loss on sale of assets, net of tax effect			—			—			—			—			—
			Extraordinary item, net of tax effect			—			—			—			—			—
			Net income (loss)			327			868			2,183			(58,834	)		(6,821	)

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar			Non-
				Hospitality			Guarantor			MeriStar Sub		AGH		MeriStar Sub			MeriStar			MeriStar
				OP, L.P.			Subsidiaries			7C, LLC		Upreit, LLC		5N, LLC			Sub 8A L.P.			Sub 8F, L.P.
Cash flows from operating activities:
	Net Income (loss)				(6,821	)		22,495			—		—		447			507			542
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:							—
		Depreciation and amortization			5,160			26,859			—		—		66			112			226
		Equity in earnings			(58,834	)
		Loss on fair value of non-hedging derivatives			4,735			—			—		—		—			—			—
		Write off of deferred financing costs			1,529			—			—		—		—			—			—
		Minority interests			8			—			—		—		—			—			—
		Amortization of unearned stock based compensation			1,920			—			—		—		—			—			—
		Interest rate swaps marked to fair value			(2,905	)
		Deferred income taxes			(332	)		—			—		—		—			—			—
		Changes in operating assets and liabilities:
			Accounts receivable, net		(3,922	)		(144	)		—		—		(16	)		(16	)		8
			Prepaid expenses and other		4,016			(450	)		—		—		—			—			19
			Due from/to Meristar Hotels		(557	)		—			—		—		—			—			—
			Accounts payable, accrued expenses and other liabilities		0			(2,474	)		—		—		53			(1	)		19
			Accrued interest		8,437			(240	)		—		—		—			—			—
			Due from subsidiaries		349,424			(36,552	)		—		—		(540	)		(2,540	)		(798	)
			Income taxes payable		(269	)		—			—		—		—			—			—
			Net cash provided by (used in) operating activities		297,015			9,491			—		—		10			(1,938	)		16
Cash flows from investing activities:
	Investment in hotel properties, net				(523	)		(9,583	)		—		—		(10	)		1,938			(16	)
	Proceeds from disposition of assets				—			—			—		—		—			—			—
	Note receivable				(2,545	)		613			—		—		—			—			—
	Change in restricted cash				2,375			2,009			—		—		—			—			—
			Net cash provided by (used in) investing activities		(692	)		(6,961	)		—		—		(10	)		1,938			(16	)
Cash flows from financing activities:
	Deferred financing costs				(3,567	)		—			—		—		—			—			—
	Proceeds from mortgages and notes payable				(40,914	)		—			—		—		—			—			—
	Principal payments on mortgages and notes payable				(259,310	)		(2,530	)		—		—		—			—			—
	Repurchase of units				(1,193	)		—			—		—		—			—			—
	Contributions from partners				3,156			—			—		—		—			—			—
	Distributions to partners				(1,212	)		—			—		—		—			—			—
			Net cash provided by (used in) financing activities		(303,040	)		(2,530	)		—		—		—			—			—
Effect of exchange rate changes on cash					—			—			—		—		—			—			—
Net change in cash					(6,717	)		—			—		—		—			—			—
Cash and cash equivalents, beginning of period					6,798			—			—		—		—			—			—
Cash and cash equivalents, end of period					81			—			—		—		—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar
				8G,		MeriStar Sub			MeriStar Sub			MeriStar Sub
				LLC		6H, L.P.			8B, LLC			1C, L.P.
Cash flows from operating activities:
	Net Income (loss)				—		528			2,006			(81	)
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			—		215			1,190			514
		Equity in earnings Loss on fair value of non-hedging derivatives			—		—			—			—
		Write off of deffered financing costs			—		—			—			—
		Minority interests			—		—			—			—
		Amortization of unearned stock based compensation			—		—			—			—
		Interest rate swaps marked to fair value			—		—			—			—
		Deferred income taxes			—		—			—			—
		Changes in operating assets and liabilities:
			Accounts receivable, net		—		—			—			—
			Prepaid expenses and other		—		—			—			(17	)
			Due from/to Meristar Hotels		—		—			—			—
			Accounts payable, accrued expenses and other
			liabilities		—		33			293			102
			Accrued interest		—		—			—			—
			Due from subsidiaries		—		(765	)		(2,738	)		(301	)
			Income taxes payable		—		—			—			—
			Net cash provided by (used in) operating activities		—		11			751			216
Cash flows from investing activities:
	Investment in hotel properties, net				—		(11	)		(751	)		(216	)
	Proceeds from disposition of assets				—		—			—			—
	Note receivable				—		—			—			—
	Change in restricted cash				—		—			—			—
			Net cash provided by (used in) investing
			activities		—		(11	)		(751	)		(216	)
Cash flows from financing activities:
	Deferred financing costs				—		—			—			—
	Proceeds from mortgages and notes payable				—		—			—			—
	Principal payments on mortgages and notes payable				—		—			—			—
	Repurchase of units				—		—			—			—
	Contributions from partners				—		—			—			—
	Distributions to partners				—		—			—			—
			Net cash provided by (used in) financing activities		—		—			—			—
Effect of exchange rate changes on cash					—		—			—			—
Net change in cash					—		—			—			—
Cash and cash equivalents, beginning of period					—		—			—			—
Cash and cash equivalents, end of period					—		—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub
				8E, LLC			7F, LLC			5L, LLC			3C, LLC			5R, LLC
Cash flows from operating activities:
	Net Income (loss)				441			297			489			420			—
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			296			233			67			353			—
		Equity in earnings			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—
		Write off of deferred financing costs			—			—			—			—			—
		Minority interests			—			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—			—
		Interest rate swaps marked to fair value			—			—			—			—			—
		Deferred income taxes			—			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—			—
			Accounts receivable, net		—			—			—			—			—
			Prepaid expenses and other		—			—			—			—			—
			Due from/to Meristar Hotels		—			—			—			—			—
			Accounts payable, accrued expenses and other liabilities		(3	)		(5	)		81			54			—
			Accrued interest		—			—			—			—			—
			Due from subsidiaries		(675	)		(498	)		(565	)		(797	)		—
			Income taxes payable		—			—			—			—			—
			Net cash provided by (used in) operating activities		60			28			72			29			—
Cash flows from investing activities:
	Investment in hotel properties, net				(60	)		(28	)		(72	)		(29	)		—
	Proceeds from disposition of assets				—			—			—			—			—
	Note receivable				—			—			—			—			—
	Change in restricted cash				—			—			—			—			—
			Net cash provided by (used in) investing activities		(60	)		(28	)		(72	)		(29	)		—
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—			—
	Proceeds from mortgages and notes payable				—			—			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—			—
	Repurchase of units				—			—			—			—			—
	Contributions from partners				—			—			—			—			—
	Distributions to partners				—			—			—			—			—
			Net cash provided by (used in) financing activities		—			—			—			—			—
Effect of exchange rate changes on cash					—			—			—			—			—
Net change in cash					—			—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub
				6D, LLC			6E, LLC			4E, L.P.			1B, LLC			5F, L.P.			6G, LLC			8C, LLC			4C, L.P.
Cash flows from operating activities:
	Net Income (loss)				820			1,689			64			1,367			849			827			6			92
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			266			849			459			316			528			418			692			283
		Equity in earnings			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		Write off of deferred financing costs			—			—			—			—			—			—			—			—
		Minority interests			—			—			—			—			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—			—			—			—			—
		Interest rate swaps marked to fair value Deferred income taxes			—			—			—			—			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—			—			—			—			—
			Accounts receivable, net		(37	)		—			—			—			—			—			—			—
			Prepaid expenses and other		—			—			—			—			—			—			—			—
			Due from/to Meristar Hotels		—			—			—			—			—			—			—			—
			Accounts payable, accrued expenses and other liabilities		65			271			(241	)		40			227			161			(24	)		(139	)
			Accrued interest		—			—			—			—			—			—			—			—
			Due from subsidiaries		(971	)		(2,494	)		(170	)		(1,548	)		(1,342	)		(1,138	)		(573	)		(206	)
			Income taxes payable		—			—			—			—			—			—			—			—
			Net cash provided by (used in) operating activities		141			315			113			175			262			269			101			31
Cash flows from investing activities:
	Investment in hotel properties, net				(141	)		(315	)		(113	)		(174	)		(262	)		(269	)		(101	)		(31	)
	Proceeds from disposition of assets				—			—			—			—			—			—			—			—
	Note receivable				—			—			—			—			—			—			—			—
	Change in restricted cash				—			—			—			—			—			—			—			—
			Net cash provided by (used in) investing activities		(141	)		(315	)		(113	)		(174	)		(262	)		(269	)		(101	)		(31	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—			—			—			—			—
	Proceeds from mortgages and notes payable				—			—			—			—			—			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—			—			—			—			—
	Repurchase of units				—			—			—			—			—			—			—			—
	Contributions from partners				—			—			—			—			—			—			—			—
	Distributions to partners				—			—			—			—			—			—			—			—
			Net cash provided by (used in) financing activities		—			—			—			—			—			—			—			—
Effect of exchange rate changes on cash					—			—			—			—			—			—			—			—
Net change in cash					—			—			—			—			—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—			—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—			—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub
				4H, L.P.			7E, LLC			3D, LLC			1A, LLC			5E, LLC			7A,			6K, LLC
Cash flows from operating activities:
	Net Income (loss)				(11	)		332			716			485			1,757			320			1,450
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			270			315			451			232			969			208			372
		Equity in earnings			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—
		Write off of deferred financing costs			—			—			—			—			—			—			—
		Minority interests			—			—			—			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—			—			—			—
		Interest rate swaps marked to fair value			—			—			—			—			—			—			—
		Deferred income taxes			—			—			—			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—			—			—			—
			Accounts receivable, net		—			—			—			—			—			—			—
			Prepaid expenses and other		(7	)		—			—			—			—			—			—
			Due from/to Meristar Hotels		—			—			—			—			—			—			—
			Accounts payable, accrued expenses and other liabilities		(104	)		10			116			(20	)		94			(26	)		95
			Accrued interest		—			—			—			—			—			—			—
			Due from subsidiaries		(112	)		(623	)		(1,175	)		(684	)		(2,804	)		(350	)		(1,782	)
			Income taxes payable		—			—			—			—			—			—			—
			Net cash provided by (used in) operating activities		36			34			108			14			15			152			135
Cash flows from investing activities:
	Investment in hotel properties, net				(36	)		(34	)		(108	)		(14	)		(15	)		(152	)		(135	)
	Proceeds from disposition of assets				—			—			—			—			—			—			—
	Note receivable				—			—			—			—			—			—			—
	Change in restricted cash				—			—			—			—			—			—			—
			Net cash provided by (used in) investing activities		(36	)		(34	)		(108	)		(14	)		(15	)		(152	)		(135	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—			—			—			—
	Proceeds from mortgages and notes payable				—			—			—			—			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—			—			—			—
	Repurchase of units				—			—			—			—			—			—			—
	Contributions from partners				—			—			—			—			—			—			—
	Distributions to partners				—			—			—			—			—			—			—
			Net cash provided by (used in) financing activities		—			—			—			—			—			—			—
Effect of exchange rate changes on cash					—			—			—			—			—			—			—
Net change in cash					—			—			—			—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MDV Limited			MeriStar Sub
				2B, LLC			3A, LLC			4A, LLC			4D, LLC			2A, LLC			6L, LLC			Partnership			5C, LLC
Cash flows from operating activities:
	Net Income (loss)				(205	)		96			392			10			(283	)		303			201			249
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			212			133			—			157			159			445			68			298
		Equity in earnings			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		Write off of deferred financing costs			—			—			—			—			—			—			—			—
		Minority interests			—			—			—			—			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—			—			—			—			—
		Deferred income taxes			—			—			—			—			—			—			—			—
		Deferred income taxes			—			—			—			—			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—			—			—			—			—
			Accounts receivable, net					—			—			—			—			—			—			—
			Prepaid expenses and other		—			—			—			—			—			—			4			(27	)
			Due from/to Meristar Hotels		—			—			—			—			—			—			—			—
			Accounts payable, accrued expenses and other liabilities		—			7			(92	)		80			79			50			(15	)		92
			Accrued interest		—			—			—			—			—			—			—			—
			Due from subsidiaries		272			425			(51	)		(140	)		64			(674	)		(253	)		(449	)
			Income taxes payable		—			—			—			—			—			—			—			—
			Net cash provided by (used in) operating activities		279			660			250			108			19			125			4			163
Cash flows from investing activities:
	Investment in hotel properties, net				(511	)		(660	)		(250	)		(108	)		(400	)		(125	)		(4	)		(163	)
	Proceeds from disposition of assets				—			—			—			—			—			—			—			—
	Note receivable				—			—			—			—			—			—			—			—
	Change in restricted cash				—			—			—			—			—			—			—			—
			Net cash provided by (used in) investing activities		(511	)		(660	)		(250	)		(108	)		(400	)		(125	)		(4	)		(163	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—			—			—			—			—
	Proceeds from mortgages and notes payable				236			—			—			—			385			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—			—			—			—			—
	Repurchase of units				—			—			—			—			—			—			—			—
	Contributions from partners				—			—			—			—			—			—			—			—
	Distributions to partners				—			—			—			—			—			—			—			—
			Net cash provided by (used in) financing activities		236			—			—			—			385			—			—			—
Effect of exchange rate changes on cash					(4	)		—			—			—			(3	)		—			—			—
Net change in cash					—			—			—			—			—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—			—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—			—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub
				6J, LLC			1D, L.P.			7B, L.P.			7D, LLC			7G, LLC			6B, LLC			4I, L.P.
Cash flows from operating activities:
	Net Income (loss)				1,042			1,175			(118	)		889			(193	)		310			(337	)
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			322			1,118			463			832			378			227			243
		Equity in earnings
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—
		Write off of deferred financing costs			—			—			—			—			—			—			—
		Minority interests			—			—			—			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—			—			—			—
		Interest rate swaps marked to fair value
		Deferred income taxes			—			—			—			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—			—			—			—
			Accounts receivable, net		—			—			—			120			—			—			—
			Prepaid expenses and other		—			—			—			—			—			—			—
			Due from/to MeriStar Hotels		—			—			—			—			—			—			—
			Accounts payable, accrued expenses and other liabilities		107			(453	)		(10	)		(38	)		(183	)		69			(93	)
			Accrued interest		—			31			—			—			—			—			—
			Due from subsidiaries		(1,302	)		(1,454	)		(311	)		(1,693	)		53			(545	)		300
			Income taxes payable		—			—			—			—			—			—			—
			Net cash provided by (used in) operating activities		170			418			23			108			55			62			113
Cash flows from investing activities:
	Investment in hotel properties, net				(170	)		(418	)		(23	)		(108	)		(55	)		(62	)		(113	)
	Proceeds from disposition of assets				—			—			—			—			—			—			—
	Note receivable				—			—			—			—			—			—			—
	Change in restricted cash				—			—			—			—			—			—			—
			Net cash provided by (used in) investing activities		(170	)		(418	)		(23	)		(108	)		(55	)		(62	)		(113	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—			—			—			—
	Proceeds from mortgages and notes payable				—			—			—			—			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—			—			—			—
	Repurchase of units				—			—			—			—			—			—			—
	Contributions from partners				—			—			—			—			—			—			—
	Distributions to partners				—			—			—			—			—			—			—
			Net cash provided by (used in) financing activities		—			—			—			—			—			—			—
Effect of exchange rate changes on cash					—			—			—			—			—			—			—
Net change in cash					—			—			—			—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar Sub			MeriStar Sub			MeriStar Sub			AGH PSS			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub
				5D, LLC			5H, LLC			7H, LLC			I, Inc.			2D, LLC			4F, L.P.			5K, LLC			5M, LLC
Cash flows from operating activities:
	Net Income (loss)				(674	)		692			166			1,215			(147	)		210			684			723
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			724			986			290			—			237			560			594			226
		Equity in earnings
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		Write off of deferred financing costs			—			—			—			—			—			—			—			—
		Minority interests			—			—			—			—			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—			—			—			—			—
		Interest rate swaps marked to fair value
		Deferred income taxes			—			—			—			—			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—			—			—			—			—
			Accounts receivable, net		—			—			—			—			—			—			—			—
			Prepaid expenses and other		—			—			—			—			—			—			—			—
			Due from/to MeriStar Hotels		—			—			—			—			—			—			—			—
			Accounts payable, accrued expenses and other liabilities		75			556			(3	)		276			(12	)		(161	)		(1,212	)		207
			Accrued interest		—			—			—			—			—			—			—			—
			Due from subsidiaries		55			(1,616	)		(396	)		(1,051	)		236			(248	)		505			(1,074	)
			Income taxes payable		—			—			—			—			—			—			—			—
			Net cash provided by (used in) operating activities		180			618			57			440			315			361			571			82
Cash flows from investing activities:
	Investment in hotel properties, net				(182	)		(618	)		(58	)		(440	)		(755	)		(361	)		(571	)		(82	)
	Proceeds from disposition of assets				—			—			—			—			—			—			—			—
	Note receivable				—			—			—			—			—			—			—			—
	Change in restricted cash				—			—			—			—			—			—			—			—
			Net cash provided by (used in) investing activities		(182	)		(618	)		(58	)		(440	)		(755	)		(361	)		(571	)		(82	)
Cash flows from financing activities:
	Deferred financing costs				1			—			—			—			1			—			—			—
	Proceeds from mortgages and notes payable				—			—			—			—			447			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—			—			—			—			—
	Repurchase of units				—			—			—			—			—			—			—			—
	Contributions from partners				—			—			—			—			—			—			—			—
	Distributions to partners				—			—			—			—			—			—			—			—
			Net cash provided by (used in) financing activities		1			—			—			—			447			—			—			—
Effect of exchange rate changes on cash					—			—			—			—			(7	)		—			—			—
Net change in cash					—			—			—			—			—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—			—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—			—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

				MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub
				1E, L.P.			5O, LLC			6M, Company			4B, L.P.			6C, LLC			2C, LLC			4G, L.P.			3B, LLC			5G, L.P.
Cash flows from operating activities:
	Net Income (loss)				562			307			1,480			(239	)		1,078			(582	)		662			(18	)		2,332
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			150			109			603			296			394			519			458			461			3,095
		Equity in earnings			—			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—			—
		Write off of deferred financing costs			—			—			—			—			—			—			—			—			—
		Minority interests			—			—			—			—			—			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—			—			—			—			—			—
		Interest rate swaps marked to fair value			—			—			—			—			—			—			—			—			—
		Deferred income taxes			—			—			—			—			—			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—			—			—			—			—			—
			Accounts receivable, net		—			—			—			—			—			—			—			—			—
			Prepaid expenses and other		—			—			—			—			—			—			—			—			—
			Due from/to MeriStar Hotels		—			—			—			—			—			—			—			—			—
			Accounts payable, accrued expenses and other liabilities		(3	)		82			141			(57	)		59			131			(256	)		67			910
			Accrued interest		—			—			—			—			—			—			—			—			—
			Due from subsidiaries		(646	)		(467	)		(2,077	)		1,033			(1,253	)		562			(836	)		(190	)		(5,473	)
			Income taxes payable		—			—			—			—			—			—			—			—			—
			Net cash provided by (used in) operating activities		62			30			147			1,033			279			631			29			320			864
Cash flows from investing activities:
	Investment in hotel properties, net				(62	)		(30	)		(147	)		(1,033	)		(279	)		(1,397	)		(29	)		(320	)		(859	)
	Proceeds from disposition of assets				—			—			—			—			—			—			—			—			—
	Note receivable				—			—			—			—			—			—			—			—			—
	Change in restricted cash				—			—			—			—			—			—			—			—			—
			Net cash provided by (used in) investing activities		(62	)		(30	)		(147	)		(1,033	)		(279	)		(1,397	)		(29	)		(320	)		(859	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—			—			1			—			—			(5	)
	Proceeds from mortgages and notes payable				—			—			—			—			—			780			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—			—			—			—			—			—
	Repurchase of units				—			—			—			—			—			—			—			—			—
	Contributions from partners				—			—			—			—			—			—			—			—			—
	Distributions to partners				—			—			—			—			—			—			—			—			—
			Net cash provided by (used in) financing activities		—			—			—			—			—			780			—			—			(5	)
Effect of exchange rate changes on cash					—			—			—			—			—			(14	)		—			—			—
Net change in cash					—			—			—			—			—			—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—			—			—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—			—			—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the Six months ended June 30, 2002
(in thousands)

																						MeriStar
				MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			MeriStar Sub			Hotel Lessee,						Total
				5P, LLC			5J, LLC			5Q, LLC			5A, LLC			8D, LLC			4J, LLC			Inc.			Eliminations			Consolidated
Cash flows from operating activities:
	Net Income (loss)				283			2,790			862			685			327			868			2,183			(58,834	)		(6,821	)
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			1			1,733			240			690			634			671			1,083			—			61,731
		Equity in earnings																								58,834			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—			4,735
		Write off of deferred financing costs			—			—			—			—			—			—			—			—			1,529
		Minority interests			—			—			—			—			—			—			—			—			8
		Amortization of unearned stock based compensation			—			—			—			—			—			—			—			—			1,920
		Interest rate swaps marked to fair value																											(2,905	)
		Deferred income taxes			—			—			—			—			—			—			—			—			(332	)
		Changes in operating assets and liabilities:			—			—			—			—			—			—			—			—
			Accounts receivable, net		319			—			—			—			—			31			(1,160	)		—			(4,817	)
			Prepaid expenses and other		—			483			—			—			—			—			(923	)		—			3,098
			Due from/to MeriStar Hotels		—			—			—			—			—			—			5,457			—			4,900
			Accounts payable, accrued expenses and other liabilities		18			1,269			228			362			(15	)		(63	)		834			—			(2,862	)
			Accrued interest		—			—			—			—			—			—			(19	)		—			8,208
			Due from subsidiaries		(582	)		(4,726	)		(909	)		(1,564	)		(894	)		(1,447	)		13,704			(271,567	)		—
			Income taxes payable		—			—			—			—			—			—			—			—			(269	)
			Net cash provided by (used in) operating activities		39			1,549			421			173			51			60			21,159			(271,567	)		68,123
Cash flows from investing activities:
	Investment in hotel properties, net				(39	)		(1,549	)		(421	)		(174	)		(51	)		(60	)		(750	)		—			(24,696	)
	Proceeds from disposition of assets				—			—			—			—			—			—			—			—			—
	Note receivable				—			—			—			—			—			—			(613	)		(7,455	)		(10,000	)
	Change in restricted cash				—			—			—			—			—			—			—			—			4,384
			Net cash provided by (used in) investing activities		(39	)		(1,549	)		(421	)		(174	)		(51	)		(60	)		(1,363	)		(7,455	)		(30,312	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—			—			—			—			—			(3,571	)
	Proceeds from mortgages and notes payable				—			—			—			—			—			—			(5,114	)		279,022			234,841
	Principal payments on mortgages and notes payable				—			—			—			—			—			—			(4,000	)		—			(265,840	)
	Repurchase of units				—			—			—			—			—			—			—			—			(1,193	)
	Contributions from partners				—			—			—			—			—			—			—			—			3,156
	Distributions to partners				—			—			—			—			—			—			—			—			(1,212	)
			Net cash provided by (used in) financing activities		—			—			—			—			—			—			(9,114	)		279,022			(33,819	)
Effect of exchange rate changes on cash					—			—			—			—			—			—			—			—			(28	)
Net change in cash					—			—			—			—			—			—			10,681			—			3,964
Cash and cash equivalents, beginning of period					—			—			—			—			—			—			16,643			—			23,441
Cash and cash equivalents, end of period					—			—			—			—			—			—			27,324			—			27,405

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		MeriStar			Non-			MeriStar		AGH		MeriStar			MeriStar			MeriStar			MeriStar
		Hospitality			Guarantor			Sub 7C,		Upreit,		Sub 5N,			Sub 8A,			Sub 8F,			Sub 8G,
		OP, L.P.			Subsidiaries			LLC		LLC		LLC			LLC			L.P.			LLC
Assets
	Investment in hotel properties		14,662			1,547,038			—		—		4,074			7,306			11,335			—
	Accumulated depreciation		(5,085	)		(184,188	)		—		—		(408	)		(936	)		(1,481	)		—
			9,577			1,362,850			—		—		3,666			6,370			9,854			—
	Cash and cash equivalents		6,798			—			—		—					—			—			—
	Accounts receivable, net		4,092			1,183			—		—		(16	)		(32	)		(20	)		—
	Prepaid expenses and other		3,982			612			—		—					—			21			—
	Note receivable		127,550			(389	)		—		—					—			—			—
	Due from MeriStar Hotels & Resorts		12,392			—			—		—					—			—			—
	Due from subsidiaries		(304,270	)		(7,275	)		—		66		2,809			4,720			3,889			82
	Investments in affiliates		2,714,272			8,242			32		3,056					—			—			—
	Restricted cash		13,751			7,438			—		—					—			115			—
	Intangible assets, net		19,791			757			—		—					—			—			—
			2,607,935			1,373,418			32		3,122		6,459			11,058			13,859			82
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		17,678			14,060			—		—		14			(42	)		160			—
	Accrued interest		40,913			4,022			—		—					—			—			—
	Income taxes payable		285			—			—		—					—			—			—
	Distributions payable		1,090			—			—		—					—			—			—
	Deferred income taxes		7,467			—			—		—					—			—			—
	Interest rate swaps		12,100			—			—		—					—			—			—
	Notes payable to MeriStar		357,117			—			—		—					—			—			—
	Long-term debt		1,056,444			286,512			—		—					—			—			—
Total liabilities			1,493,094			304,594			—		—		14			(42	)		160			—
	Minority interests		2,639			—			—		—					—			—			—
	Redeemable OP units at redemption value		67,012			—			—		—					—			—			—
	Partners’ capital		1,045,190			1,068,824			32		3,122		6,445			11,100			13,699			82
			2,607,935			1,373,418			32		3,122		6,459			11,058			13,859			82

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 6H,			Sub 8B,			Sub 1C,			Sub 8E,			Sub 7F,			Sub 5L,			Sub 3C,			Sub 5R,
		L.P.			LLC			L.P.			LLC			LLC			LLC			LLC			LLC
Assets
	Investment in hotel properties		13,569			80,972			24,925			15,157			11,985			11,292			17,274			—
	Accumulated depreciation		(1,445	)		(7,509	)		(3,865	)		(1,850	)		(1,989	)		(368	)		(2,302	)		—
			12,124			73,463			21,060			13,307			9,996			10,924			14,972			—
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Due from subsidiaries		4,467			21,498			(3,297	)		4,323			3,499			3,090			2,741			(43	)
	Investments in affiliates		—			—			—			—			—			—			—			43
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			52			2			9			—			—			59			—
			16,591			95,013			17,765			17,639			13,495			14,014			17,772			—
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		184			2,412			45			8			168			3			170			—
	Accrued interest		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			—			—			—			—
Total liabilities			184			2,412			45			8			168			3			170			—
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		16,407			92,601			17,720			17,631			13,327			14,011			17,602			—
			16,591			95,013			17,765			17,639			13,495			14,014			17,772			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		Old
		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 8A,			Sub 6D,			Sub 6E,			Sub 4E,			Sub 1B,			Sub 5F,			Sub 6G,			Sub 8C,
		LLC			LLC			LLC			L.P.			LLC			L.P.			LLC			LLC
Assets
	Investment in hotel properties		(1	)		17,266			43,931			24,547			18,110			30,953			22,050			36,668
	Accumulated depreciation		—			(1,820	)		(6,642	)		(3,072	)		(2,927	)		(3,363	)		(3,329	)		(3,917	)
			(1	)		15,446			37,289			21,475			15,183			27,590			18,721			32,751
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			115			—			—			—			—			—			—
	Prepaid expenses and other		1			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Due from subsidiaries		7,918			5,147			13,660			2,005			10,480			8,695			3,410			3,419
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			—			—			7			—			—			—			3
			7,918			20,708			50,949			23,487			25,663			36,285			22,131			36,173
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		46			101			(295	)		456			(11	)		94			151			(21	)
	Accrued interest		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			48			—			—			—
Total liabilities			46			101			(295	)		456			37			94			151			(21	)
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		7,872			20,607			51,244			23,031			25,626			36,191			21,980			36,194
			7,918			20,708			50,949			23,487			25,663			36,285			22,131			36,173

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

																				MeriStar
		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			Sub 7A			MeriStar
		Sub 4C,			Sub 4H,			Sub 7E,			Sub 3D,			Sub 1A,			Sub 5E,			Joint			Sub 6K,
		L.P			L.P.			LLC			LLC			LLC			LLC			Venture			LLC
Assets
	Investment in hotel properties		16,345			12,363			17,822			22,305			11,231			52,817			12,891			22,642
	Accumulated depreciation		(3,356	)		(1,712	)		(2,081	)		(5,411	)		(2,024	)		(6,221	)		(1,345	)		(3,560	)
			12,989			10,651			15,741			16,894			9,207			46,596			11,546			19,082
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Due from subsidiaries		289			(1,000	)		4,799			5,619			4,953			9,219			3,585			13,504
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			—			7			—			—			10			—			—
			13,278			9,651			20,547			22,513			14,160			55,825			15,131			32,586
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		447			193			117			—			148			301			230			78
	Accrued interest		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			—			—			—			—
Total liabilities			447			193			117			—			148			301			230			78
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		12,831			9,458			20,430			22,513			14,012			55,524			14,901			32,508
			13,278			9,651			20,547			22,513			14,160			55,825			15,131			32,586

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MDV			MeriStar
		Sub 2B,			Sub 3A,			Sub 4A,			Sub 4D,			Sub 2A,			Sub 6L,			Limited			Sub 5C,
		LLC			LLC			L.P.			LLC			LLC			LLC			Partnership			LLC
Assets
	Investment in hotel properties		9,424			6,274			8,619			8,664			8,209			29,443			3,816			13,826
	Accumulated depreciation		(1,558	)		(1,292	)		(1,112	)		(1,179	)		(1,141	)		(2,464	)		(410	)		(2,215	)
			7,866			4,982			7,507			7,485			7,068			26,979			3,406			11,611
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		(12	)		—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			4			17
	Note receivable		—			—			—			—			—			—			—			—
	Due from MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Due from subsidiaries		(486	)		1,742			3,572			14			(620	)		3,604			1,796			(345	)
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		1			2			—			26			25			—			9			—
			7,369			6,726			11,079			7,525			6,473			30,583			5,215			11,283
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		147			98			313			62			31			68			87			828
	Accrued interest		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		4,851			—			—			—			7,912			—			—			—
Total liabilities			4,998			98			313			62			7,943			68			87			828
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		2,371			6,628			10,766			7,463			(1,470	)		30,515			5,128			10,455
			7,369			6,726			11,079			7,525			6,473			30,583			5,215			11,283

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 6J,			Sub 1D,			Sub 7B,			Sub 7D,			Sub 7G,			Sub 6B,			Sub 4I,			Sub 5D,
		LLC			L.P.			L.P.			LLC			LLC			LLC			L.P.			LLC
Assets
	Investment in hotel properties		19,169			67,929			25,399			52,031			16,462			10,528			12,477			41,617
	Accumulated depreciation		(2,573	)		(7,516	)		(2,277	)		(6,516	)		(3,387	)		(1,292	)		(3,677	)		(5,199	)
			16,596			60,413			23,122			45,515			13,075			9,236			8,800			36,418
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			912			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from MeriStar Hotels & Resorts		—			—			—			200			—			—			—			—
	Due from subsidiaries		4,047			13,481			(4,749	)		18,380			44			1,602			1,289			(6,818	)
	Investments in affiliates		—			—			—			—			—			—			—			51,398
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		58			55			—			393			34			9			—			21
			20,701			73,949			18,373			65,400			13,153			10,847			10,089			81,019
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		(57	)		553			1,011			4,688			161			(60	)		360			241
	Accrued interest		—			57			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			—			—			—			24,000
Total liabilities			(57	)		610			1,011			4,688			161			(60	)		360			24,241
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		20,758			73,339			17,362			60,712			12,992			10,907			9,729			56,778
			20,701			73,949			18,373			65,400			13,153			10,847			10,089			81,019

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		MeriStar			MeriStar			AGH			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 5H,			Sub 7H,			PSS I,			Sub 2D,			Sub 4F,			Sub 5K,			Sub 5M,			Sub 1E,
		LLC			LLC			Inc.			LLC			L.P.			LLC			LLC			L.P.
Assets
	Investment in hotel properties		52,475			9,978			17,317			15,307			31,467			27,304			21,917			10,379
	Accumulated depreciation		(6,012	)		(4,063	)		(2,049	)		(1,949	)		(3,617	)		(2,729	)		(1,429	)		(1,350	)
			46,463			5,915			15,268			13,358			27,850			24,575			20,488			9,029
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		—			—			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Due from subsidiaries		6,867			5,202			9,631			215			3,292			(781	)		5,344			5,927
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			—			—			2			37			—			—			—
			53,330			11,117			24,899			13,575			31,179			23,794			25,832			14,956
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		(115	)		414			29			43			388			5,644			21			22
	Accrued interest		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			13			—			9,167			—			—			—			—
Total liabilities			(115	)		427			29			9,210			388			5,644			21			22
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		53,445			10,690			24,870			4,365			30,791			18,150			25,811			14,934
			53,330			11,117			24,899			13,575			31,179			23,794			25,832			14,956

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 5O,			Sub 6M			Sub 4B,			Sub 6C,			Sub 2C,			Sub 4G,			Sub 3B,			Sub 5G,
		LLC			Company			L.P.			LLC			LLC			L.P.			LLC			L.P.
Assets
	Investment in hotel properties		8,674			32,724			15,830			20,493			28,300			25,493			24,577			161,783
	Accumulated depreciation		(697	)		(3,594	)		(4,630	)		(2,815	)		(4,322	)		(3,112	)		(2,971	)		(18,012	)
			7,977			29,130			11,200			17,678			23,978			22,381			21,606			143,771
	Cash and cash equivalents		—			—			—			—			—			—			—			—
	Accounts receivable, net		—			—			—			—			—			—			—			—
	Prepaid expenses and other		—			13			—			—			—			—			—			—
	Note receivable		—			—			—			—			—			—			—			—
	Due from MeriStar Hotels & Resorts		—			—			—			—			—			—			—			—
	Due from subsidiaries		1,939			12,127			(3,367	)		7,763			7,596			5,849			1,864			28,207
	Investments in affiliates		—			—			—			—			—			—			—			—
	Restricted cash		—			—			—			—			—			—			—			—
	Intangible assets, net		—			47			29			—			2			28			—			—
			9,916			41,317			7,862			25,441			31,576			28,258			23,470			171,978
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		18			(99	)		387			(128	)		255			574			115			678
	Accrued interest		—			—			—			—			—			—			—			—
	Income taxes payable		—			—			—			—			—			—			—			—
	Distributions payable		—			—			—			—			—			—			—			—
	Deferred income taxes		—			—			—			—			—			—			—			—
	Interest rate swaps		—			—			—			—			—			—			—			—
	Notes payable to MeriStar		—			—			—			—			—			—			—			—
	Long-term debt		—			—			—			—			16,011			—			—			—
Total liabilities			18			(99	)		387			(128	)		16,266			574			115			678
	Minority interests		—			—			—			—			—			—			—			—
	Redeemable OP units at redemption value		—			—			—			—			—			—			—			—
	Partners’ capital		9,898			41,416			7,475			25,569			15,310			27,684			23,355			171,300
			9,916			41,317			7,862			25,441			31,576			28,258			23,470			171,978

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Balance Sheet
December 31, 2001
(in thousands)

		MeriStar		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
		Sub 5P,		Sub 5J,			Sub 5Q,			Sub 5A,			Sub 8D,			Sub 4J,			Hotel						Total
		LLC		LLC			LLC			LLC			LLC			LLC			Lessee, Inc.			Eliminations			Consolidated
Assets
	Investment in hotel properties		—		104,381			15,964			34,663			30,448			37,923			864			—			3,183,677
	Accumulated depreciation		—		(9,859	)		(1,216	)		(7,908	)		(3,813	)		(4,561	)		(658	)		—			(397,380	)
			—		94,522			14,748			26,755			26,635			33,362			206			—			2,786,297
	Cash and cash equivalents		—		—			—			—			—			—			16,643			—			23,441
	Accounts receivable, net		319		—			—			—			—			21			40,616			—			47,178
	Prepaid expenses and other		—		483			—			—			1			—			13,172			—			18,306
	Note receivable		—		—			—			—			—			—			389			(91,550	)		36,000
	Due from MeriStar Hotels & Resorts		—		—			—			—			—			—			(3,715	)		—			8,877
	Due from subsidiaries		1,117		12,862			2,083			2,995			5,308			3,090			6,316						—
	Investments in affiliates		—		—			—			4,627			—			—			1,629			(2,741,585	)		41,714
	Restricted cash		—		—			—			—			—			—			—			—			21,304
	Intangible assets, net		—		—			—			(53	)		—			47			—			—			21,469
			1,436		107,867			16,831			34,324			31,944			36,520			75,256			(2,833,135	)		3,004,586
Liabilities and Partners’ capital
	Accounts payable, accrued expenses and other liabilities		19		318			(201	)		(69	)		(71	)		243			70,061			—			123,972
	Accrued interest		—		—			—			—			—			—			17			—			45,009
	Income taxes payable		—		—			—			—			—			—			25			—			310
	Distributions payable		—		—			—			—			—			—			—			—			1,090
	Deferred income taxes		—		—			—			—			—			—			(337	)		—			7,130
	Interest rate swaps		—		—			—			—			—			—			—			—			12,100
	Notes payable to MeriStar		—		—			—			—			—			—			—			—			357,117
	Long-term debt		—		—			—			23,609			—			—			6,000			(91,550	)		1,343,017
Total liabilities			19		318			(201	)		23,540			(71	)		243			75,766			(91,550	)		1,889,745
	Minority interests		—		—			—			—			—			—			—			—			2,639
	Redeemable OP units at redemption value		—		—			—			—			—			—			—			—			67,012
	Partners’ capital		1,417		107,549			17,032			10,784			32,015			36,277			(510	)		(2,741,585	)		1,045,190
			1,436		107,867			16,831			34,324			31,944			36,520			75,256			(2,833,135	)		3,004,586

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			Non-		MeriStar		AGH		MeriStar			MeriStar			MeriStar			MeriStar
				Hospitality			Guarantor		Sub 7C,		Upreit,		Sub 5N,			Sub 8A,			Sub 8F,			Sub 8G,
				OP, L.P.			Subsidiaries		LLC		LLC		LLC			LLC			L.P.			LLC
Participating lease revenue					—			44,565		—		—		310			505			801			—
	Hotel operations:				—			—		—		—		—			—			—			—
		Rooms			—			—		—		—		—			—			—			—
		Food and beverage			—			—		—		—		—			—			—			—
		Other operating departments			(499	)		197		—		—		—			—			(1	)		—
	Office rental and other revenues				1,600			1,005		—		—		—			—			—			—
Total revenue					1,101			45,767		—		—		310			505			800			—
Hotel operating expenses by department:					—			—		—		—		—			—			—			—
		Rooms			—			—		—		—		—			—			—			—
		Food and beverage			—			—		—		—		—			—			—			—
		Other operating departments			—			—		—		—		—			—			—			—
	Office rental, parking and other operating expenses				—			100		—		—		—			—			—			—
Undistributed operating expenses:					—			—		—		—		—			—			—			—
		Administrative and general			—			1,759		—		—		—			—			(8	)		—
		Property operating costs			—			223		—		—		—			—			—			—
		Property taxes, insurance and other			970			5,921		—		—		8			28			169			—
		Depreciation and amortization			894			13,229		—		—		32			73			109			—
		Write down of investment in STS Hotel Net			—			—		—		—		—			—			—			—
		Swap termination fees			—			—		—		—		—			—			—			—
		Write down of deferred costs			—			—		—		—		—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—		—		—		—			—			—			—
		FelCor merger costs			3,789			—		—		—		—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—		—		—		—			—			—			—
			Corporation		1,315			—		—		—		—			—			—			—
		Restructuring charge			—			—		—		—		—			—			—			—
		Total operating expenses			6,968			21,234		—		—		40			101			271			—
		Net operating income			(5,867	)		24,533		—		—		270			403			530			—
		Interest expense, net			15,131			13,704		—		—		(1	)		(3	)		(9	)		—
		Equity in income from consolidated entities			(48,913	)		—		—		—		—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			27,915			10,804		—		—		272			407			538			—
		Minority interests			(5	)		—		—		—		—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			27,920			10,804		—		—		272			407			538			—
		Income tax benefit			789			—		—		—		—			—			—			—
		Income (loss) before loss on sale of assets			27,131			10,804		—		—		272			407			538			—
		Loss on sale of assets, net of tax effect			—			—		—		—		—			—			—			—
		Extraordinary item, net of tax effect			0			—		—		—		—			—			—			—
		Net income (loss)			27,131			10,804		—		—		272			407			538			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6H,			Sub 8B,			Sub 1C,			Sub 8E,			Sub 7F,			Sub 5L,			Sub 3C,			Sub 5R,
				L.P.			LLC			L.P.			LLC			LLC			LLC			LLC			LLC
Participating lease revenue					401			2,740			393			571			293			374			474			—
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			(6	)		—			—			—			—
	Office rental and other revenues				—			—			—			10			—			—			—			—
Total revenue					401			2,740			393			576			293			374			474			—
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			5			2			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			(2	)		—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			24			(2,239	)		290			38			34			(10	)		112			—
		Depreciation and amortization			106			577			253			131			115			30			172			—
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			128			(1,662	)		548			171			149			20			284			—
		Net operating income			273			4,402			(155	)		405			144			354			190			—
		Interest expense, net			(1	)		(23	)		(6	)		(11	)		(3	)		(3	)		(6	)		—
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			274			4,425			(149	)		416			146			357			196			—
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			274			4,425			(149	)		416			146			357			196			—
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			274			4,425			(149	)		416			146			357			196			—
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			274			4,425			(149	)		416			146			357			196			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			MeriStar		MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6D,			Sub 6E,		Sub 4E,			Sub 1B,			Sub 5F,			Sub 6G,			Sub 8C,			Sub 4C,
				LLC			LLC		L.P.			LLC			L.P.			LLC			LLC			L.P.
Participating lease revenue					689			1,797		466			799			851			844			757			364
	Hotel operations:				—			—		—			—			—			—			—			—
		Rooms			—			—		—			—			—			—			—			—
		Food and beverage			—			—		—			—			—			—			—			—
		Other operating departments			(4	)		—		(2	)		—			—			—			(2	)		—
	Office rental and other revenues				6			—		6			—			—			—			2			—
Total revenue					691			1,797		470			799			851			844			757			364
Hotel operating expenses by department:					—			—		—			—			—			—			—			—
		Rooms			—			—		—			—			—			—			—			—
		Food and beverage			—			—		—			—			—			—			—			—
		Other operating departments			—			—		—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—		—			—			—			—			—			—
Undistributed operating expenses:					—			—		—			—			—			—			—			—
		Administrative and general			—			—		—			—			—			—			—			—
		Property operating costs			—			—		—			—			—			—			—			—
		Property taxes, insurance and other			52			100		156			42			123			114			164			134
		Depreciation and amortization			127			415		228			152			262			185			325			176
		Write down of investment in STS Hotel Net			—			—		—			—			—			—			—			—
		Swap termination fees			—			—		—			—			—			—			—			—
		Write down of deferred costs			—			—		—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—		—			—			—			—			—			—
		FelCor merger costs			—			—		—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—		—			—			—			—			—			—
			Corporation		—			—		—			—			—			—			—			—
		Restructuring charge			—			—		—			—			—			—			—			—
		Total operating expenses			179			516		384			194			385			299			489			310
		Net operating income			513			1,281		86			605			466			545			268			54
		Interest expense, net			—			—		(6	)		(14	)		(7	)		(12	)		(4	)		(25	)
		Equity in income from consolidated entities			—			—		—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			—			2		519			1,296			93			617			470			570
		Minority interests			—			—		—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			—			2		519			1,296			93			617			470			570
		Income tax benefit			—			—		—			—			—			—			—			—
		Income (loss) before loss on sale of assets			—			2		519			1,296			93			617			470			570
		Loss on sale of assets, net of tax effect			—			2,124		—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—		—			—			—			—			—			—
		Net income (loss)			—			2		519			1,296			93			617			470			570

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

																			MeriStar
				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			Sub 7A			MeriStar			MeriStar
				Sub 4H,			Sub 7E,			Sub 3D,			Sub 1A,			Sub 5E,			Joint			Sub 6K,			Sub 2B,
				L.P.			LLC			LLC			LLC			LLC			Venture			LLC			LLC
Participating lease revenue					126			420			512			608			1,866			333			1,203			140
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			—			—			—			—			—			—			—
Total revenue					126			420			512			608			1,866			333			1,203			140
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			(2	)		—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			(42	)		—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			39			37			70			100			91			27			111			50
		Depreciation and amortization			133			151			224			117			457			101			185			96
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			172			188			294			217			548			85			294			146
		Net operating income			(46	)		232			217			391			1,318			248			909			(6	)
		Interest expense, net			(14	)		(14	)		(3	)		(6	)		(30	)		(5	)		(35	)		(3	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			282			68			(42	)		238			247			396			1,353			251
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			282			68			(42	)		238			247			396			1,353			251
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			282			68			(42	)		238			247			396			1,353			251
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			282			68			(42	)		238			247			396			1,353			251

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar				MDV			MeriStar			MeriStar
				Sub 3A,			Sub 4A,			Sub 4D,			Sub 2A,			Sub 6L,				Limited			Sub 5C,			Sub 6J,
				LLC			L.P.			LLC			LLC			LLC				Partnership			LLC			LLC
Participating lease revenue					205			355			172			167			495				185			457			741
	Hotel operations:				—			—			—			—			—				—			—			—
		Rooms			—			—			—			—			—				—			—			—
		Food and beverage			—			—			—			—			—				—			—			—
		Other operating departments			—			—			—			—			—				—			—			—
	Office rental and other revenues				—			—			—			—			—				—			—			—
Total revenue					205			355			172			167			495				185			457			741
Hotel operating expenses by department:					—			—			—			—			—				—			—			—
		Rooms			—			—			—			—			—				—			—			—
		Food and beverage			—			—			—			—			—				—			—			—
		Other operating departments			(3	)		—			—			—			—				—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—				—			—			—
Undistributed operating expenses:					—			—			—			—			—				—			—			—
		Administrative and general			—			(6	)		—			—			—				(8	)		—			—
		Property operating costs			—			—			—			—			—				—			—			—
		Property taxes, insurance and other			32			89			(6	)		60			48				40			(823	)		49
		Depreciation and amortization			85			—			71			79			219				30			144			149
		Write down of investment in STS Hotel Net			—			—			—			—			—				—			—			—
		Swap termination fees			—			—			—			—			—				—			—			—
		Write down of deferred costs			—			—			—			—			—				—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—				—			—			—
		FelCor merger costs			—			—			—			—			—				—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—				—			—			—
			Corporation		—			—			—			—			—				—			—			—
		Restructuring charge			—			—			—			—			—				—			—			—
		Total operating expenses			114			83			65			140			267				63			(679	)		198
		Net operating income			92			272			106			27			228				122			1,135			544
		Interest expense, net			(8	)		93			(4	)		(8	)		(13	)			173			(7	)		(2	)
		Equity in income from consolidated entities			—			—			—			—			—				—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			917			(99	)		96			281			119				(146	)		235			124
		Minority interests			—			—			—			—			—		��		—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			917			(99	)		96			281			119				(146	)		235			124
		Income tax benefit			—			—			—			—			—				—			—			—
		Income (loss) before loss on sale of assets			917			(99	)		96			281			119				(146	)		235			124
		Loss on sale of assets, net of tax effect			—			—			—			—			—				—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—				—			—			—
		Net income (loss)			917			(99	)		96			281			119				(146	)		235			124

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 1D,			Sub 7B,			Sub 7D,			Sub 7G,			Sub 6B,			Sub 4I,			Sub 5D,			Sub 5H,
				L.P.			L.P.			LLC			LLC			LLC			L.P.			LLC			LLC
Participating lease revenue					1,562			370			1,972			250			325			22			572			1,372
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			(3	)		—			—
	Office rental and other revenues				97			—			488			—			—			4			3			—
Total revenue					1,659			370			2,461			250			325			23			575			1,372
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				26			—			(28	)		—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			(101	)		(109	)		—			—			—			6			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			276			214			757			49			64			83			16			70
		Depreciation and amortization			542			216			392			177			113			212			355			487
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			844			329			1,011			226			177			296			377			557
		Net operating income			816			41			1,450			24			148			(273	)		198			814
		Interest expense, net			(10	)		(11	)		(10	)		(25	)		(30	)		(19	)		(2	)		(4	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			1,146			555			825			67			1,480			43			150			(269	)
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			1,146			555			825			67			1,480			43			150			(269	)
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			1,146			555			825			67			1,480			43			150			(269	)
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			1,146			555			825			67			1,480			43			150			(269	)

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			AGH			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 7H,			PSS I,			Sub 2D,			Sub 4F,			Sub 5K,			Sub 5M,			Sub 1E,			Sub 5O,
				LLC			Inc.			LLC			L.P.			LLC			LLC			L.P.			LLC
Participating lease revenue					308			876			393			508			731			650			507			247
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			(1	)		—			(1	)		—			—			—			—
	Office rental and other revenues				—			2			—			4			—			—			—			—
Total revenue					308			877			393			511			731			650			507			247
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			102			44			106			96			110			10			37			8
		Depreciation and amortization			173			—			116			271			296			110			72			53
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			275			44			222			367			406			120			108			62
		Net operating income			33			834			170			144			325			529			399			185
		Interest expense, net			260			(9	)		(7	)		(2	)		197			(8	)		(8	)		(6	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			(62	)		823			40			836			(26	)		152			333			536
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			(62	)		823			40			836			(26	)		152			333			536
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			(62	)		823			40			836			(26	)		152			333			536
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			(62	)		823			40			836			(26	)		152			333			536

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6M			Sub 4B,			Sub 6C,			Sub 2C,			Sub 4G,			Sub 3B,			Sub 5G,			Sub 5P,
				Company			L.P.			LLC			LLC			L.P.			LLC			L.P.			LLC
Participating lease revenue					1,480			45			901			455			826			293			3,353			207
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			(3	)		(12	)		—			(3	)		(16	)		—
	Office rental and other revenues				—			—			6			15			12			7			32			—
Total revenue					1,480			45			904			459			838			297			3,369			207
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			9			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			—			—			—			—			2			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			81			97			31			201			165			68			652			4
		Depreciation and amortization			298			270			180			260			208			219			1,540			—
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			379			367			211			460			373			296			2,195			4
		Net operating income			1,101			(322	)		693			(1	)		465			1			1,175			202
		Interest expense, net			(8	)		(1	)		(4	)		(18	)		(17	)		349			(12	)		(8	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			407			186			1,105			(304	)		710			(350	)		477			9
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets			407			186			1,105			(304	)		710			(350	)		477			9
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			407			186			1,105			(304	)		710			(350	)		477			9
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			407			186			1,105			(304	)		710			(350	)		477			9

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Three Months Ended June 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 5J,			Sub 5Q,			Sub 5A,			Sub 8D,			Sub 4J,			Hotel						Total
				LLC			LLC			LLC			LLC			LLC			Lessee, Inc.			Eliminations			Consolidated
Participating lease revenue					3,405			799			1,347			969			831			—			(87,804	)		3,752
	Hotel operations:				—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			202,380			—			202,380
		Food and beverage			—			—			—			—			—			74,092			—			74,092
		Other operating departments			—			—			(23	)		—			(1	)		23,914			—			23,534
	Office rental and other revenues				—			—			47			—			62			—			—			3,409
Total revenue					3,405			799			1,371			969			891			300,386			(87,804	)		307,167
Hotel operating expenses by department:					—			—			—			—			—			—			—			—
		Rooms			—			—			—			—			—			46,565			—			46,565
		Food and beverage			—			—			—			—			—			52,486			—			52,486
		Other operating departments			—			—			—			(5	)		10			12,030			—			12,046
	Office rental, parking and other operating expenses				—			—			—			—			108			483			—			688
Undistributed operating expenses:					—			—			—			—			—			—			—			—
		Administrative and general			—			—			2			26			1			41,619			—			43,138
		Property operating costs			—			—			—			—			—			42,055			—			42,278
		Property taxes, insurance and other			206			(117	)		138			72			105			96,327			(87,804	)		18,515
		Depreciation and amortization			841			103			417			311			308			28			—			28,400
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Write down of deferred costs			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			3,789
		Costs to terminate leases with Prime Hospitality			—			—			—			—			—			—			—			—
			Corporation		—			—			—			—			—			—			—			1,315
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			1,047			(14	)		556			404			533			291,593			(87,804	)		249,220
		Net operating income			2,358			814			815			565			358			8,793			—			57,947
		Interest expense, net			(9	)		—			(24	)		(26	)		697			(7	)		—			30,032
		Equity in income from consolidated entities			—			—			—			—			—			—			48,913			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets			1,184			202			2,382			840			118			571			(48,913	)		27,915
		Minority interests			—			—			—			—			—			—			—			(5	)
		Income (loss) before income tax benefit, loss on sale of assets			1,184			202			2,382			840			118			571			(48,913	)		27,920
		Income tax benefit			—			—			—			—			—			—			—			789
		Income (loss) before loss on sale of assets			1,184			202			2,382			840			118			571			(48,913	)		27,131
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			1,184			202			2,382			840			118			571			(48,913	)		27,131

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

			MeriStar			Non-			MeriStar		AGH		MeriStar			MeriStar			MeriStar			MeriStar
			Hospitality			Guarantor			Sub 7C,		Upreit,		Sub 5N,			Sub 8A,			Sub 8F,			Sub 8G,
Revenue:			OP, L.P.			Subsidiaries			LLC		LLC		LLC			LLC			L.P.			LLC
	Participating lease revenue			—			90,377			—		—		726			910			1,603			—
	Hotel operations:
		Rooms		—			—			—		—					—			—			—
		Food and beverage		—			—			—		—					—			—			—
		Other operating departments		—			(380	)		—		—					—			—			—
	Office rental and other revenues			3,200			3,349			—		—					—			—			—
Total revenue				3,200			93,346			—		—		726			910			1,603			—
Hotel operating expenses by department:
		Rooms		—			—			—		—		—			—			—			—
		Food and beverage		—			—			—		—		—			—			—			—
		Other operating departments		—			—			—		—		—			—			—			—
	Office rental, parking and other operating expenses			—			986			—		—		—			—			—			—
Undistributed operating expenses:
		Administrative and general		2,350			1,567			—		—		—			—			(8	)		—
		Property operating costs		—			—			—		—					—			—			—
		Property taxes, insurance and other		2,787			9,279			—		—		24			70			281			—
		Depreciation and amortization		3,431			25,659			—		—		64			145			218			—
		Write down of investment in STS Hotel Net		2,112			—			—		—		—			—			—			—
		Loss on asset impairment		—			—			—		—		—			—			—			—
		Swap termination fees		9,297			—			—		—		—			—			—			—
		Loss on fair value of non-hedging derivatives		—			—			—		—		—			—			—			—
		FelCor merger costs		3,789			—			—		—		—			—			—			—
		Costs to terminate leases with Prime Hospitality Corporation		1,315			—			—		—		—			—			—			—
		Restructuring charge		—			—			—		—		—			—			—			—
		Total operating expenses		25,081			37,491			—		—		88			215			492			—
		Net operating income		(21,881	)		55,855			—		—		638			694			1,112			—
		Interest expense, net		44,322			13,401			—		—		(3	)		(5	)		(5	)		—
		Equity in income from consolidated entities		(109,079	)		—			—		—		—						—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets		42,876			42,455			—		—		642			700			1,116			—
		Minority interests		6			—			—		—		—
		Income (loss) before income tax benefit, loss on sale of assets		42,870			42,455			—		—		642			700			1,116			—
		Income tax benefit		1,242			—			—		—					—			—			—
		Income (loss) before loss on sale of assets		41,628			42,455			—		—		642			700			1,116			—
		Loss on sale of assets, net of tax effect		—			—			—		—					—			—			—
		Extraordinary item, net of tax effect		1,226			—			—		—					—			—			—
		Net income (loss)		40,402			42,455			—		—		642			700			1,116			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

			MeriStar			MeriStar			MeriStar			MeriStar
			Sub 6H,			Sub 8B,			Sub 1C,			Sub 8E,
Revenue:			L.P.			LLC			L.P.			LLC
	Participating lease revenue			700			5,095			1,015			1,069
	Hotel operations:
		Rooms		—			—			—			—
		Food and beverage		—			—			—			—
		Other operating departments		—			—			—			—
	Office rental and other revenues			—			—			—			10
Total revenue				700			5,095			1,015			1,080
Hotel operating expenses by department:
		Rooms		—			—			—			—
		Food and beverage		—			—			—			—
		Other operating departments		—			—			—			—
	Office rental, parking and other operating expenses			—			—			—			—
Undistributed operating expenses:
		Administrative and general		(2	)		—			—			—
		Property operating costs		—			—			—			—
		Property taxes, insurance and other		(36	)		(1,850	)		378			66
		Depreciation and amortization		212			1,154			505			261
		Write down of investment in STS Hotel Net		—			—			—			—
		Loss on asset impairment		—			—			—			—
		Swap termination fees		—			—			—			—
		Loss on fair value of non-hedging derivatives		—			—			—			—
		FelCor merger costs		—			—			—			—
		Costs to terminate leases with Prime Hospitality Corporation		—			—			—			—
		Restructuring charge		—			—			—			—
		Total operating expenses		174			(696	)		883			327
		Net operating income		526			5,791			132			753
		Interest expense, net		(2	)		(58	)		(12	)		(28	)
		Equity in income from consolidated entities		—			—			—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets		528			5,849			144			781
		Minority interests		—			—			—			—
		Income (loss) before income tax benefit, loss on sale of assets		528			5,849			144			781
		Income tax benefit		—			—			—			—
		Income (loss) before loss on sale of assets		528			5,849			144			781
		Loss on sale of assets, net of tax effect		—			—			—			—
		Extraordinary item, net of tax effect		—			—			—			—
		Net income (loss)		528			5,849			144			781

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

			MeriStar			MeriStar			MeriStar			MeriStar		MeriStar				MeriStar			MeriStar
			Sub 7F,			Sub 5L,			Sub 3C,			Sub 5R,		Sub 8A,				Sub 6D,			Sub 6E,
Revenue:			LLC			LLC			LLC			LLC		LLC				LLC			LLC
	Participating lease revenue			532			892			1,122			—		377				1,229			3,379
	Hotel operations:
		Rooms		—			—			—			—		—				—			—
		Food and beverage		—			—			—			—		—				—			—
		Other operating departments		—			—			—			—		—				—			—
	Office rental and other revenues		��	—			—			—			—		—				6			—
Total revenue				532			892			1,122			—		377				1,235			3,379
Hotel operating expenses by department:
		Rooms		—			—			—			—		—				—			—
		Food and beverage		—			—			—			—		—				—			—
		Other operating departments		—			—			—			—		—				—			—
	Office rental, parking and other operating expenses			—			—			—			—		—				—			—
Undistributed operating expenses:
		Administrative and general		—			—			—			—		—				—			—
		Property operating costs		—			—			—			—		—				—			—
		Property taxes, insurance and other		88			(7	)		246			—		54				168			338
		Depreciation and amortization		230			61			343			—		89				253			826
		Write down of investment in STS Hotel Net		—			—			—			—		—				—			—
		Loss on asset impairment		—			—			—			—		—				—			—
		Swap termination fees		—			—			—			—		—				—			—
		Loss on fair value of non-hedging derivatives		—			—			—			—		—				—			—
		FelCor merger costs		—			—			—			—		—				—			—
		Costs to terminate leases with Prime Hospitality Corporation		—			—			—			—		—				—			—
		Restructuring charge		—			—			—			—		—				—			—
		Total operating expenses		318			54			589			—		143				421			1,165
		Net operating income		214			838			533			—		234				815			2,214
		Interest expense, net		(7	)		(6	)		(13	)		—		(5	)			(13	)		(24	)
		Equity in income from consolidated entities		—			—			—			—		—				—			—
		Income (loss) before minority interests, income tax benefit, loss on sale of assets		220			844			546			0		239				828			2,239
		Minority interests		—			—			—			—		—				—			—
		Income (loss) before income tax benefit, loss on sale of assets		220			844			546			—		239				828			2,239
		Income tax benefit		—			—			—			—		—				—			—
		Income (loss) before loss on sale of assets		220			844			546			—		239				828			2,239
		Loss on sale of assets, net of tax effect		—			—			—			—		1,062				—			—
		Extraordinary item, net of tax effect		—			—			—			—		—				—			—
		Net income (loss)		220			844			546			—			(823	)			828			2,239

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 4E,			Sub 1B,			Sub 5,			Sub 6G,			Sub 8C,			Sub 4C,			Sub 4H,			Sub 7E,
Revenue:				L.P.			LLC			L.P.			LLC			LLC			L.P			L.P.			LLC
	Participating lease revenue				1,008			1,619			1,687			1,706			1,361			653			250			878
	Hotel operations:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				6			—			—			—			2			—			—			—
Total revenue					1,014			1,619			1,687			1,706			1,363			653			250			878
Hotel operating expenses by department:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			228			103			28			339			450			382			85			214
		Depreciation and amortization			456			306			524			370			649			352			266			299
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Loss on asset impairment			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality Corporation			—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			684			409			552			709			1,099			734			351			513
		Net operating income			330			1,210			1,135			997			264			(81	)		(101	)		365
		Interest expense, net			(12	)		(27	)		(7	)		(60	)		(31	)		(31	)		(6	)		(12	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income
			tax benefit, loss on sale of assets		342			1,237			1,142			1,057			295			(50	)		(94	)		377
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on
			sale of assets		342			1,237			1,142			1,057			295			(50	)		(94	)		377
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			342			1,237			1,142			1,057			295			(50	)		(94	)		377
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			342			1,237			1,142			1,057			295			(50	)		(94	)		377

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 3D,			Sub 1A,			Sub 5E,			Sub 7A			Sub 6K,			Sub 2B,			Sub 3A,			Sub 4A,
Revenue:				LLC			LLC			LLC						LLC			LLC			LLC			LLC
	Participating lease revenue				1,098			1,143			3,125			706			2,191			286			354			702
	Hotel operations:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			—			—			—			—			—			—			—
Total revenue					1,098			1,143			3,125			706			2,191			286			354			702
Hotel operating expenses by department:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:
		Administrative and general			—			—			8			(42	)		—			—			—			4
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			121			186			303			54			362			90			15			167
		Depreciation and amortization			449			233			914			201			370			192			170			—
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Loss on asset impairment			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality Corporation			—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			570			419			1,225			212			732			282			185			171
		Net operating income			527			724			1,900			494			1,459			4			170			531
		Interest expense, net			(71	)		(13	)		(81	)		(5	)		(16	)		181			(9	)		(18	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income
			tax benefit, loss on sale of assets		598			737			1,981			499			1,475			(177	)		179			550
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on
			sale of assets		598			737			1,981			499			1,475			(177	)		179			550
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			598			737			1,981			499			1,475			(177	)		179			550
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			598			737			1,981			499			1,475			(177	)		179			550

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MDV			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 4D,			Sub 2A,			Sub 6L,			Limited			Sub 5C,			Sub 6J,			Sub 1D,			Sub 7B,
Revenue:				LLC			LLC			LLC			Partnership			LLC			LLC			L.P.			L.P.
	Participating lease revenue				305			353			919			376			690			1,393			3,392			766
	Hotel operations:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			—			—			—			—			—			182			—
Total revenue					305			353			919			376			690			1,393			3,574			766
Hotel operating expenses by department:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			56			—
Undistributed operating expenses:
		Administrative and general			—			—			—			(8	)		8			—			13			(101	)
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			65			96			110			76			(711	)		65			537			585
		Depreciation and amortization			142			158			439			60			289			298			1,083			431
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Loss on asset impairment			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality Corporation			—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			207			255			549			129			(414	)		363			1,689			915
		Net operating income			97			98			370			247			1,103			1,031			1,886			(149	)
		Interest expense, net			(29	)		346			(15	)		(5	)		(19	)		(24	)		(22	)		(62	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income
			tax benefit, loss on sale of assets		126			(248	)		385			252			1,123			1,055			1,907			(86	)
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on
			sale of assets		126			(248	)		385			252			1,123			1,055			1,907			(86	)
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			126			(248	)		385			252			1,123			1,055			1,907			(86	)
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			126			(248	)		385			252			1,123			1,055			1,907			(86	)

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			AGH
				Sub 7D,			Sub 7G,			Sub 6B,			Sub 4I,			Sub 5D,			Sub 5H,			Sub 7H,			PSS I,
Revenue:				LLC			LLC			LLC			L.P.			LLC			LLC			LLC			Inc.
	Participating lease revenue				3,498			447			540			51			987			3,161			617			1,995
	Hotel operations:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				1,149			—			—			4			3			—			—			2
Total revenue					4,648			447			540			55			990			3,161			617			1,997
Hotel operating expenses by department:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				335			—			—			—			—			—			—			—
Undistributed operating expenses:
		Administrative and general			(96	)		—			—			3			6			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			1,168			120			126			172			272			184			107			208
		Depreciation and amortization			782			357			225			425			703			973			347			—
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Loss on asset impairment			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality Corporation			—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—			—			—			—			—
		Total operating expenses			2,188			477			351			601			981			1,157			454			208
		Net operating income			2,460			(30	)		189			(546	)		9			2,003			163			1,790
		Interest expense, net			(71	)		(45	)		(4	)		(10	)		866			(19	)		(16	)		(4	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income
			tax benefit, loss on sale of assets		2,531			15			193			(536	)		(857	)		2,022			179			1,794
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on
			sale of assets		2,531			15			193			(536	)		(857	)		2,022			179			1,794
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			2,531			15			193			(536	)		(857	)		2,022			179			1,794
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			2,531			15			193			(536	)		(857	)		2,022			179			1,794

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar
				Sub 2D,			Sub 4F,			Sub 5K,			Sub 5M,			Sub 1E,			Sub 5O,			Sub 6M			Sub 4B,
Revenue:				LLC			L.P.			LLC			LLC			L.P.			LLC			Company			L.P.
	Participating lease revenue				671			1,282			1,603			1,528			859			587			2,600			130
	Hotel operations:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental and other revenues				—			4			—			—			—			—			—			—
Total revenue					671			1,286			1,603			1,528			859			587			2,600			130
Hotel operating expenses by department:
		Rooms			—			—			—			—			—			—			—			—
		Food and beverage			—			—			—			—			—			—			—			—
		Other operating departments			—			—			—			—			—			—			—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—			—			—
Undistributed operating expenses:
		Administrative and general			—			—			—			—			—			—			—			—
		Property operating costs			—			—			—			—			—			—			—			—
		Property taxes, insurance and other			199			245			153			54			70			24			116			211
		Depreciation and amortization			232			541			591			220			143			112			596			540
		Write down of investment in STS Hotel Net			—			—			—			—			—			—			—			—
		Loss on asset impairment			—			—			—			—			—			—			—			—
		Swap termination fees			—			—			—			—			—			—			—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—			—			—
		FelCor merger costs			—			—			—			—			—			—			—			—
		Costs to terminate leases with Prime Hospitality Corporation			—			—			—			—			—			—			—			—
		Restructuring charge			—			—			—			—		��	—			—			—			—
		Total operating expenses			431			786			744			274			212			137			712			751
		Net operating income			239			500			859			1,253			647			450			1,888			(621	)
		Interest expense, net			393			(19	)		(14	)		(14	)		(18	)		(3	)		(9	)		(39	)
		Equity in income from consolidated entities			—			—			—			—			—			—			—			—
		Income (loss) before minority interests, income
			tax benefit, loss on sale of assets		(153	)		519			873			1,268			665			453			1,897			(582	)
		Minority interests			—			—			—			—			—			—			—			—
		Income (loss) before income tax benefit, loss on
			sale of assets		(153	)		519			873			1,268			665			453			1,897			(582	)
		Income tax benefit			—			—			—			—			—			—			—			—
		Income (loss) before loss on sale of assets			(153	)		519			873			1,268			665			453			1,897			(582	)
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—			—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—			—			—
		Net income (loss)			(153	)		519			873			1,268			665			453			1,897			(582	)

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

											��
				MeriStar			MeriStar			MeriStar			MeriStar			MeriStar			MeriStar		MeriStar			MeriStar
				Sub 6C,			Sub 2C,			Sub 4G,			Sub 3B,			Sub 5G,			Sub 5P,		Sub 5J,			Sub 5Q,
Revenue:				LLC			LLC			L.P.			LLC			L.P.			LLC		LLC			LLC
	Participating lease revenue				1,721			942			1,674			790			7,572			372		7,300			1,682
	Hotel operations:
		Rooms			—			—			—			—			—			—		—			—
		Food and beverage			—			—			—			—			—			—		—			—
		Other operating departments			—			—			—			—			—			—		—			—
	Office rental and other revenues				6			15			12			7			32			—		—			—
Total revenue					1,727			958			1,686			797			7,604			372		7,300			1,682
Hotel operating expenses by department:
		Rooms			—			—			—			—			—			—		—			—
		Food and beverage			—			—			—			—			—			—		—			—
		Other operating departments			—			—			—			—			—			—		—			—
	Office rental, parking and other operating expenses				—			—			—			—			—			—		—			—
Undistributed operating expenses:
		Administrative and general			—			—			—			—			4			—		1			—
		Property operating costs			—			—			—			—			—			—		—			—
		Property taxes, insurance and other			56			333			433			158			697			4		169			(71	)
		Depreciation and amortization			365			516			417			438			3,079			—		1,681			205
		Write down of investment in STS Hotel Net			—			—			—			—			—			—		—			—
		Loss on asset impairment			—			—			—			—			—			—		—			—
		Swap termination fees			—			—			—			—			—			—		—			—
		Loss on fair value of non-hedging derivatives			—			—			—			—			—			—		—			—
		FelCor merger costs			—			—			—			—			—			—		—			—
		Costs to terminate leases with Prime Hospitality
			Corporation		—			—			—			—			—			—		—			—
		Restructuring charge			—			—			—			—			—			—		—			—
		Total operating expenses			421			848			850			596			3,781			4		1,851			134
		Net operating income			1,306			110			836			201			3,824			367		5,449			1,549
		Interest expense, net			(41	)		695			(31	)		(19	)		(21	)		—		(52	)		(59	)
		Equity in income from consolidated entities			—			—			—			—			—			—		—			—
		Income (loss) before minority interests, income
			tax benefit, loss on sale of assets		1,347			(585	)		867			220			3,845			367		5,501			1,608
		Minority interests			—			—			—			—			—			—		—			—
		Income (loss) before income tax benefit, loss on
			sale of assets		1,347			(585	)		867			220			3,845			367		5,501			1,608
		Income tax benefit			—			—			—			—			—			—		—			—
		Income (loss) before loss on sale of assets			1,347			(585	)		867			220			3,845			367		5,501			1,608
		Loss on sale of assets, net of tax effect			—			—			—			—			—			—		—			—
		Extraordinary item, net of tax effect			—			—			—			—			—			—		—			—
		Net income (loss)			1,347			(585	)		867			220			3,845			367		5,501			1,608

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidating Statement of Operations
Six months ended June 30, 2001
(in thousands)

				MeriStar		MeriStar			MeriStar			MeriStar
				Sub 5A,		Sub 8D,			Sub 4J,			Hotel					Total
Revenue:				LLC		LLC			LLC			Lessee, Inc.		Eliminations			Consolidated
	Participating lease revenue				3,037		1,920			1,513			—		(177,531	)		7,536
	Hotel operations:																	—
		Rooms			—		—			—			402,760		—			402,760
		Food and beverage			—		—			—			145,383		—			145,383
		Other operating departments			—		—			—			46,385		—			46,005
	Office rental and other revenues				47		—			130			—		—			8,167
Total revenue					3,084		1,920			1,642			594,528		(177,531	)		609,851
Hotel operating expenses by department:																		—
		Rooms			—		—			—			92,287		—			92,287
		Food and beverage			—		—			—			103,890		—			103,890
		Other operating departments			—		—			—			23,616		—			23,616
	Office rental, parking and other operating expenses				—		—			249			—		—			1,625
Undistributed operating expenses:																		—
		Administrative and general			2		26			1			84,320		—			88,055
		Property operating costs			—		—			—			84,977		—			84,977
		Property taxes, insurance and other			252		163			16			192,955		(177,531	)		36,902
		Depreciation and amortization			834		622			618			123		—			57,787
		Write down of investment in STS Hotel Net			—		—			—			—		—			2,112
		Loss on asset impairment			—		—			—			—		—			—
		Swap termination fees			—		—			—			—		—			9,297
		Loss on fair value of non-hedging derivatives			—		—			—			—		—			—
		FelCor merger costs			—		—			—			—		—			3,789
		Costs to terminate leases with Prime Hospitality																—
			Corporation		—		—			—			—		—			1,315
		Restructuring charge			—		—			—			—		—			—
		Total operating expenses			1,087		811			885			582,168		(177,531	)		505,652
		Net operating income			1,997		1,109			757			12,360		—			104,199
		Interest expense, net			1,398		(16	)		(60	)		—		—			60,261
		Equity in income from consolidated entities			—		—			—			—		109,079			—
		Income (loss) before minority interests, income																—
			tax benefit, loss on sale of assets		599		1,124			817			12,360		(109,079	)		43,938
		Minority interests			—		—			—			—		—			6
		Income (loss) before income tax benefit, loss on																—
			sale of assets		599		1,124			817			12,360		(109,079	)		43,932
		Income tax benefit			—		—			—			—		—			1,242
		Income (loss) before loss on sale of assets			599		1,124			817			12,360		(109,079	)		42,690
		Loss on sale of assets, net of tax effect			—		—			—			—		—			1,062
		Extraordinary item, net of tax effect			—		—			—			—		—			1,226
		Net income (loss)			599		1,124			817			12,360		(109,079	)		40,402

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

																						MT
				MeriStar				Non-				MeriStar			AGH			MeriStar				MeriStar				MeriStar				MeriStar
				Hospitality				Guarantor				Sub 7C,			Upreit,			Sub 5N,				Sub 8A,				Sub 8F,				Sub 8G,
				OP, L.P.				Subsidiaries				LLC			LLC			LLC				LLC				LLC				LLC
Cash flows from operating activities:
	Net Income (loss)				40,402				42,455				—			—			642				700				1,116				—
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			3,431				25,659				—			—			64				145				218				—
		Equity in earnings			(109,079	)			—				—			—			—				—				—				—
		Loss on sale of assets, net of tax			—				—				—			—			—				—				—				—
		Write down of investment in STS Hotel Net			2,112				—				—			—			—				—				—				—
		Extraordinary loss on early extinguishment of debt, before tax effect			1,243				—				—			—			—				—				—				—
		Minority interests			6				—				—			—			—				—				—				—
		Amortization of unearned stock based compensation			1,842				—				—			—			—				—				—				—
		Interest rate swaps marked to fair value			—
		Deferred income taxes			296				—				—			—			—				—				—				—
		Changes in operating assets and liabilities:
			Accounts receivable, net		(597	)			544				—			—			—				(16	)			135				—
			Prepaid expenses and other		1,439				(180	)			—			—			—				—				(6	)			—
			Due from/to Meristar Hotels		6,277				2,159				—			—			14				16				—				—
			Accounts payable, accrued expenses and other liabilities		21,226				(28,740	)			—			—			7				(6	)			(1	)			—
			Accrued interest		16,282				(313	)			—			—			—				—				(9	)			—
			Due from subsidiaries	362,849				(27,200		)		—		—			(706			)	(776			)	2,155				—
			Income taxes payable		499				—				—			—			—				—				—				—
			Net cash provided by (used in) operating activities	348,228			14,385				—			—			21				63				3,608				—
Cash flows from investing activities:
	Investment in hotel properties				(2,215	)			(10,443	)			—			—			(21	)			(63	)			(117	)			—
	Proceeds from disposition of assets				—				—				—			—			—				—				—				—
	Hotel operating cash received in connection with lease conversions				—				—				—			—			—				—				—				—
	Note receivable				(35,536	)			—				—			—			—				—				—				—
	Change in restricted cash				837				(1,608	)			—			—			—				—				488				—
			Net cash provided by (used in) investing activities		(36,914	)			(12,050	)			—			—			(21	)			(63	)			371				—
Cash flows from financing activities:
	Deferred financing costs				(9,906	)			—				—			—			—				—				—				—
	Proceeds from mortgages and notes payable				334,938				—				—			—			—				—				(3,979	)			—
	Principal payments on mortgages and notes payable				(582,495	)			(2,335	)			—			—			—				—				—				—
	Repurchase of units				(3,280	)			—				—			—			—				—				—				—
	Contributions from partners				705				—				—			—			—				—				—				—
	Distributions to partners				(49,685	)			—				—			—			—				—				—				—
			Net cash provided by (used in) financing activities		(309,723	)			(2,335	)			—			—			—				—				(3,979	)			—
Effect of exchange rate changes on cash					—				—				—			—			—				—				—				—
Net change in cash					1,592				—				—			—			—				—				—				—
Cash and cash equivalents, beginning of period					242				—				—			—			—				—				—				—
Cash and cash equivalents, end of period					1,834				—				—			—			—				—				—				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

				MeriStar			MeriStar			MeriStar			MeriStar
				Sub 6H,			Sub 8B,			Sub 1C,			Sub 8E,
				L.P.			LLC			L.P.			LLC
Cash flows from operating activities:
	Net Income (loss)				528			5,849			144			781
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			212			1,154			505			261
		Equity in earnings Loss on sale of assets, net of tax Write down of investment in STS Hotel Net			—			—			—			—
		Extraordinary loss on early extinguishment of debt, before tax effect			—			—			—			—
		Minority interests			—			—			—			—
		Amortization of unearned stock based compensation			—			—			—			—
		Interest rate swaps marked to fair value Deferred income taxes			—			—			—			—
		Changes in operating assets and liabilities:			—			—			—			—
			Accounts receivable, net		(7	)		184			(4	)		62
			Prepaid expenses and other		—			(11	)		—			—
			Due from/to Meristar Hotels		—			120			1			—
			Accounts payable, accrued expenses and other liabilities		(47	)		(2,545	)		61			(17	)
			Accrued interest		—			—			—			—
			Due from subsidiaries		(4,594	)		(421	)		(1,034	)
			Income taxes payable		—			—			—			—
			Net cash provided by (used in) operating activities		156			285			53
Cash flows from investing activities:
	Investment in hotel properties, net				(1	)		(156	)		(285	)		(53	)
	Proceeds from disposition of assets				—			—			—			—
	Hotel operating cash received in connection with lease conversions Note receivable				—			—			—			—
	Change in restricted cash				—			—			—			—
			Net cash provided by (used in) investing activities		(1	)		(156	)		(285	)		(53	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—
	Proceeds from mortgages and notes payable				—			—			—			—
	Principal payments on mortgages and notes payable				—			—			—			—
	Purchase of treasury stock				—			—			—			—
	Contributions from partners				—			—			—			—
	Distributions to partners				—			—			—			—
			Net cash provided by (used in) financing activities		—			—			—			—
Effect of exchange rate changes on cash					—			—			—			—
Net change in cash					—			—			—			—
Cash and cash equivalents, beginning of period					—			—			—			—
Cash and cash equivalents, end of period					—			—			—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

															Old
				MeriStar			MeriStar			MeriStar			MeriStar		MeriStar			MeriStar
				Sub 7F,			Sub 5L,			Sub 3C,			Sub 5R,		Sub 8A,			Sub 6D,
				LLC			LLC			LLC			LLC		LLC			LLC
Cash flows from operating activities:
	Net Income (loss)				220			844			546			—		(823	)		828
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			230			61			343			—		89			253
		Equity in earnings Loss on sale of assets, net of tax			—			—			—			—		1,081			—
		Write down of investment in STS Hotel Net			—			—			—			—		—			—
		Extraordinary loss on early extinguishment of debt, before tax effect			—			—			—			—		—			—
		Minority interests			—			—			—			—		—			—
		Amortization of unearned stock based compensation			—			—			—			—		—			—
		Interest rate swaps marked to fair value Deferred income taxes			—			—			—			—		—			—
		Changes in operating assets and liabilities:
			Accounts receivable, net		(26	)		—			10			—		(31	)		(306	)
			Prepaid expenses and other		—			—			(3	)		—		—			(5	)
			Due from/to Meristar Hotels		(2	)		32			—			—		—			123
			Accounts payable, accrued expenses and other liabilities		26			(17	)		16			—		13			65
			Accrued interest		—			—			—			—		—			—
			Due from subsidiaries		(414	)		(828	)		(732	)		—		(8,777	)		(891	)
			Income taxes payable		—			—			—			—		—			—
			Net cash provided by (used in) operating activities		34			92			180			—		(8,448	)		66
Cash flows from investing activities:
	Investment in hotel properties, net				(34	)		(92	)		(180	)		—		1,175			(66	)
	Proceeds from disposition of assets				—			—			—			—		7,274			—
	Hotel operating cash received in connection with lease conversions				—			—			—			—		—			—
	Note receivable				—			—			—			—		—			—
	Change in restricted cash				—			—			—			—		—			—
			Net cash provided by (used in) investing activities		(34	)		(92	)		(180	)		—		8,449			(66	)
Cash flows from financing activities:
	Deferred financing costs				—			—			—			—		—			—
	Proceeds from mortgages and notes payable				—			—			—			—		—			—
	Principal payments on mortgages and notes payable				—			—			—			—		—			—
	Purchase of treasury stock				—			—			—			—		—			—
	Contributions from partners				—			—			—			—		—			—
	Distributions to partners				—			—			—			—		—			—
			Net cash provided by (used in) financing activities		—			—			—			—		—			—
Effect of exchange rate changes on cash					—			—			—			—		—			—
Net change in cash					—			—			—			—		—			—
Cash and cash equivalents, beginning of period					—			—			—			—		—			—
Cash and cash equivalents, end of period					—			—			—			—		—			—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

					MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar
					Sub 6E,				Sub 4E,				Sub 1B,				Sub 5F,				Sub 6G,				Sub 8C,				Sub 4C,				Sub 4H,
					LLC				L.P.				LLC				L.P.				LLC				LLC				L.P				L.P.
Cash flows from operating activities:
	Net Income (loss)					2,239				342				1,237				1,142				1,057				295				(50	)			(94	)
	Adjustments to reconcile net income (loss) to net cash
		provided by (used in) operating activities:
			Depreciation and amortization			826				456				306				524				370				649				352				266
			Equity in earnings Loss on sale of assets, net of tax			—				—				—				—				—				—				—				—
			Write down of investment in STS Hotel Net			—				—				—				—				—				—				—				—
			Extraordinary loss on early extinguishment of debt, before tax effect			—				—				—				—				—				—				—				—
			Minority interests			—				—				—				—				—				—				—				—
			Amortization of unearned stock based compensation			—				—				—				—				—				—				—				—
			Interest rate swaps marked to fair value Deferred income taxes			—				—				—				—				—				—				—				—
			Changes in operating assets and liabilities:
				Accounts receivable, net		34				(19	)			16				(25	)			16				8				(47	)			—
				Prepaid expenses and other		—				—				(13	)			(11	)			(6	)			—				(6	)			(2	)
				Due from/to Meristar Hotels		—				(75	)			—				—				5				—				—				(14	)
				Accounts payable, accrued expenses and other liabilities		42				(184	)			18				(3	)			191				69				21				(69	)
				Accrued interest		—				—				—				—				—				—				—				—
				Due from subsidiaries	(2,535		)	(248			)	(1,517			)	(1,454			)	(1,468			)	(937			)	(149			)	1
				Income taxes payable		—				—				—				—				—				—				—				—
				Net cash provided by (used in) operating activities	606			271				46				173				166				84				120				88
Cash flows from investing activities:
	Investment in hotel properties, net					(606	)			(271	)			(46	)			(173	)			(166	)			(84	)			(120	)			(88	)
	Proceeds from disposition of assets					—				—				—				—				—				—				—				—
	Hotel operating cash received in connection with lease conversions					—				—				—				—				—				—				—				—
	Note receivable					—				—				—				—				—				—				—				—
	Change in restricted cash					—				—				—				—				—				—				—				—
				Net cash provided by (used in) investing activities		(606	)			(271	)			(46	)			(173	)			(166	)			(84	)			(120	)			(88	)
Cash flows from financing activities:
	Deferred financing costs					—				—				—				—				—				—				—				—
	Proceeds from mortgages and notes payable					—				—				—				—				—				—				—				—
	Principal payments on mortgages and notes payable					—				—				—				—				—				—				—				—
	Purchase of treasury stock					—				—				—				—				—				—				—				—
	Contributions from partners					—				—				—				—				—				—				—				—
	Distributions to partners					—				—				—				—				—				—				—				—
				Net cash provided by (used in) financing activities		—				—				—				—				—				—				—				—
Effect of exchange rate changes on cash						—				—				—				—				—				—				—				—
Net change in cash						—				—				—				—				—				—				—				—
Cash and cash equivalents, beginning of period						—				—				—				—				—				—				—				—
Cash and cash equivalents, end of period						—				—				—				—				—				—				—				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

					MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar
					Sub 7E,				Sub 3D,				Sub 1A,				Sub 5E,				Sub 7A				Sub 6K,				Sub 2B,				Sub 3A,
					LLC				LLC				LLC				LLC								LLC				LLC				LLC
Cash flows from operating activities:
	Net Income (loss)					377				598				737				1,981				499				1,475				(177	)			179
	Adjustments to reconcile net income (loss) to net cash
		provided by (used in) operating activities:
			Depreciation and amortization			299				449				233				914				201				370				192				170
			Equity in earnings			—				—				—				—				—				—				—				—
			Loss on sale of assets, net of tax			—				—				—				—				—				—				—				—
			Write down of investment in STS Hotel Net			—				—				—				—				—				—				—				—
			Extraordinary loss on early extinguishment of debt, before tax effect			—				—				—				—				—				—				—				—
			Minority interests			—				—				—				—				—				—				—				—
			Amortization of unearned stock based compensation			—				—				—				—				—				—				—				—
			Interest rate swaps marked to fair value
			Deferred income taxes			—				—				—				—				—				—				—				—
			Changes in operating assets and liabilities:
				Accounts receivable, net		53				(19	)			40				18				(13	)			(18	)			15				(35	)
				Prepaid expenses and other		44				—				—				(15	)			(4	)			(1	)			—				—
				Due from/to Meristar Hotels		—				—				—				(11	)			—				—				(31	)			(1	)
				Accounts payable, accrued expenses and other liabilities		67				138				(107	)			450				(71	)			106				—				(98	)
				Accrued interest		—				—				—				—				—				—				—				—
				Due from subsidiaries	(726		)	(874			)	(833			)	(3,031			)	(414			)	(1,700			)	14				(174			)
				Income taxes payable		—				—				—				—				—				—				—				—
				Net cash provided by (used in) operating activities	114			292				70				305				198				232				13				41
Cash flows from investing activities:
	Investment in hotel properties, net					(114	)			(292	)			(70	)			(305	)			(198	)			(232	)			9				(41	)
	Proceeds from disposition of assets					—				—				—				—				—				—				—				—
	Hotel operating cash received in connection with lease conversions					—				—				—				—				—				—				—				—
	Note receivable					—				—				—				—				—				—				—				—
	Change in restricted cash					—				—				—				—				—				—				—				—
				Net cash provided by (used in) investing activities		(114	)			(292	)			(70	)			(305	)			(198	)			(232	)			9				(41	)
Cash flows from financing activities:
	Deferred financing costs					—				—				—				—				—				—				—				—
	Proceeds from mortgages and notes payable					—				—				—				—				—				—				(59	)			—
	Principal payments on mortgages and notes payable					—				—				—				—				—				—				—				—
	Purchase of treasury stock					—				—				—				—				—				—				—				—
	Contributions from partners					—				—				—				—				—				—				—				—
	Distributions to partners					—				—				—				—				—				—				—				—
				Net cash provided by (used in) financing activities		—				—				—				—				—				—				(59	)			—
Effect of exchange rate changes on cash						—				—				—				—				—				—				37				—
Net change in cash						—				—				—				—				—				—				—				—
Cash and cash equivalents, beginning of period						—				—				—				—				—				—				—				—
Cash and cash equivalents, end of period						—				—				—				—				—				—				—				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

				MeriStar				MeriStar				MeriStar				MeriStar				MDV				MeriStar				MeriStar				MeriStar
				Sub 4A,				Sub 4D,				Sub 2A,				Sub 6L,				Limited				Sub 5C,				Sub 6J,				Sub 1D,
				LLC				LLC				LLC				LLC				Partnership				LLC				LLC				L.P.
Cash flows from operating activities:
	Net Income (loss)				550				126				(248	)			385				252				1,123				1,055				1,907
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			—				142				158				439				60				289				298				1,083
		Equity in earnings			—				—				—				—				—				—				—				—
		Loss on sale of assets, net of tax			—				—				—				—				—				—				—				—
		Write down of investment in STS Hotel Net			—				—				—				—				—				—				—				—
		Extraordinary loss on early extinguishment of debt, before tax effect			—				—				—				—				—				—				—				—
		Minority interests			—				—				—				—				—				—				—				—
		Amortization of unearned stock based compensation			—				—				—				—				—				—				—				—
		Interest rate swaps marked to fair value
		Deferred income taxes			—				—				—				—				—				—				—				—
		Changes in operating assets and liabilities:
			Accounts receivable, net		(4	)			(7	)			15				26				26				(16	)			19				30
			Prepaid expenses and other		—				—				(1	)			1				1				(31	)			(6	)			(20	)
			Due from/to Meristar Hotels		(2	)			—				—				—				—				—				(1	)			(32	)
			Accounts payable, accrued expenses and other liabilities		(88	)			68				96				(10	)			(10	)			(723	)			(27	)			(13	)
			Accrued interest		—				—				—				—				—				—				—				27
			Due from subsidiaries	(302		)	(106			)	140				(758			)	(305			)	(165			)	(1,154			)	(2,757			)
			Income taxes payable		—				—				—				—				—				—				—				—
			Net cash provided by (used in) operating activities	153			223				160				82				23				478				183				225
Cash flows from investing activities:
	Investment in hotel properties, net				(153	)			(223	)			(101	)			(82	)			(23	)			(478	)			(183	)			(225	)
	Proceeds from disposition of assets				—				—				—				—				—				—				—				—
	Hotel operating cash received in connection with lease conversions				—				—				—				—				—				—				—				—
	Note receivable				—				—				—				—				—				—				—				—
	Change in restricted cash				—				—				—				—				—				—				—				—
			Net cash provided by (used in) investing activities		(153	)			(223	)			(101	)			(82	)			(23	)			(478	)			(183	)			(225	)
Cash flows from financing activities:
	Deferred financing costs				—				—				—				—				—				—				—				—
	Proceeds from mortgages and notes payable				—				—				(97	)			—				—				—				—				—
	Principal payments on mortgages and notes payable				—				—				—				—				—				—				—				—
	Purchase of treasury stock				—				—				—				—				—				—				—				—
	Contributions from partners				—				—				—				—				—				—				—				—
	Distributions to partners				—				—				—				—				—				—				—				—
			Net cash provided by (used in) financing activities		—				—				(97	)			—				—				—				—				—
Effect of exchange rate changes on cash					—				—				37				—				—				—				—				—
Net change in cash					—				—				—				—				—				—				—				—
Cash and cash equivalents, beginning of period					—				—				—				—				—				—				—				—
Cash and cash equivalents, end of period					—				—				—				—				—				—				—				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar
				Sub 7B,				Sub 7D,				Sub 7G,				Sub 6B,				Sub 4I,				Sub 5D,				Sub 5H,				Sub 7H,
				L.P.				LLC				LLC				LLC				L.P.				LLC				LLC				LLC
Cash flows from operating activities:
	Net Income (loss)				(86	)			2,531				15				193				(536	)			(857	)			2,022				179
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			431				782				357				225				425				703				973				347
		Equity in earnings			—				—				—				—				—				—				—				—
		Loss on sale of assets, net of tax			—				—				—				—				—				—				—				—
		Write down of investment in STS Hotel Net			—				—				—				—				—				—				—				—
		Extraordinary loss on early extinguishment of debt, before tax effect			—				—				—				—				—				—				—				—
		Minority interests			—				—				—				—				—				—				—				—
		Amortization of unearned stock based compensation			—				—				—				—				—				—				—				—
		Interest rate swaps marked to fair value
		Deferred income taxes			—				—				—				—				—				—				—				—
		Changes in operating assets and liabilities:
			Accounts receivable, net		(13	)			268				—				—				—				(24	)			—				(39	)
			Prepaid expenses and other		—				—				(4	)			(1	)			(7	)			(53	)			—				—
			Due from/to Meristar Hotels		(1	)			(4	)			—				—				—				1,544				27				—
			Accounts payable, accrued expenses and other liabilities		185				275				(6	)			99				(113	)			462				53				(66	)
			Accrued interest		—				—				—				—				—				—				—				—
			Due from subsidiaries	(274		)	(3,240				(106			)	(478			)	353				(1,436			)	(2,916			)	(333			)
			Income taxes payable		—				—				—				—				—				—				—				—
			Net cash provided by (used in) operating activities	242			611				256				39				122				339				159				88
Cash flows from investing activities:
	Investment in hotel properties, net				(242	)			(611	)			(256	)			(39	)			(122	)			(88	)			(159	)			(102	)
	Proceeds from disposition of assets				—				—				—				—				—				—				—				—
	Hotel operating cash received in connection with lease conversions				—				—				—				—				—				—				—				—
	Note receivable				—				—				—				—				—				—				—				—
	Change in restricted cash				—				—				—				—				—				—				—				—
			Net cash provided by (used in) investing activities		(242	)			(611	)			(256	)			(39	)			(122	)			(88	)			(159	)			(102	)
Cash flows from financing activities:
	Deferred financing costs				—				—				—				—				—				2				—				—
	Proceeds from mortgages and notes payable				—				—				—				—				—				(253	)			—				13
	Principal payments on mortgages and notes payable				—				—				—				—				—				—				—				—
	Purchase of treasury stock				—				—				—				—				—				—				—				—
	Contributions from partners				—				—				—				—				—				—				—				—
	Distributions to partners				—				—				—				—				—				—				—				—
			Net cash provided by (used in) financing activities		—				—				—				—				—				(251	)			—				13
Effect of exchange rate changes on cash					—				—				—				—				—				—				—				—
Net change in cash					—				—				—				—				—				—				—				—
Cash and cash equivalents, beginning of period					—				—				—				—				—				—				—				—
Cash and cash equivalents, end of period					—				—				—				—				—				—				—				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

					AGH				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar
					PSS I,				Sub 2D,				Sub 4F,				Sub 5K,				Sub 5M,				Sub 1E,				Sub 5O,				Sub 6M
					Inc.				LLC				L.P.				LLC				LLC				L.P.				LLC				Company
Cash flows from operating activities:
	Net Income (loss)					1,794				(153	)			519				873				1,268				665				453				1,897
	Adjustments to reconcile net income (loss) to net cash
		provided by (used in) operating activities:
			Depreciation and amortization			—				232				541				591				220				143				112				596
			Equity in earnings			—				—				—				—				—				—				—				—
			Loss on sale of assets, net of tax			—				—				—				—				—				—				—				—
			Write down of investment in STS Hotel Net			—				—				—				—				—				—				—				—
			Extraordinary loss on early extinguishment of debt, before tax effect			—				—				—				—				—				—				—				—
			Minority interests			—				—				—				—				—				—				—				—
			Amortization of unearned stock based compensation			—				—				—				—				—				—				—				—
			Interest rate swaps marked to fair value			—				—				—				—				—				—				—				—
			Deferred income taxes
			Changes in operating assets and liabilities:
				Accounts receivable, net		(908	)			(4	)			(4	)			—				—				35				—				72
				Prepaid expenses and other		(10	)			—				—				—				—				—				—				(62	)
				Due from/to Meristar Hotels		—				(12	)			—				132				59				(1	)			3				—
				Accounts payable, accrued expenses and other liabilities		150				99				(117	)			(2,355	)			18				(16	)			4				132
				Accrued interest		—				—				—				—				—				—				—				—
				Due from subsidiaries	(933		)	(143			)	(849			)	1,252				(1,482			)	(699			)	(551			)	(2,546			)
				Income taxes payable		—				—				—				—				—				—				—				—
				Net cash provided by (used in) operating activities	93			19				89				492				83				127				21				89
Cash flows from investing activities:
	Investment in hotel properties, net					(93	)			27				(89	)			(492	)			(83	)			(127	)			(21	)			(89	)
	Proceeds from disposition of assets					—				—				—				—				—				—				—				—
	Hotel operating cash received in connection with lease conversions					—				—				—				—				—				—				—				—
	Note receivable					—				—				—				—				—				—				—				—
	Change in restricted cash					—				—				—				—				—				—				—				—
				Net cash provided by (used in) investing activities		(93	)			27				(89	)			(492	)			(83	)			(127	)			(21	)			(89	)
Cash flows from financing activities:
	Deferred financing costs					—				—				—				—				—				—				—				—
	Proceeds from mortgages and notes payable					—				(112	)			—				—				—				—				—				—
	Principal payments on mortgages and notes payable					—				—				—				—				—				—				—				—
	Purchase of treasury stock					—				—				—				—				—				—				—				—
	Contributions from partners					—				—				—				—				—				—				—				—
	Distributions to partners					—				—				—				—				—				—				—				—
				Net cash provided by (used in) financing activities		—				(112	)			—				—				—				—				—				—
Effect of exchange rate changes on cash						—				67				—				—				—				—				—				—
Net change in cash						—				—				—				—				—				—				—				—
Cash and cash equivalents, beginning of period						—				—				—				—				—				—				—				—
Cash and cash equivalents, end of period						—				—				—				—				—				—				—				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar				MeriStar
				Sub 4B,				Sub 6C,				Sub 2C,				Sub 4G,				Sub 3B,				Sub 5G,				Sub 5P,				Sub 5J,
				L.P.				LLC				LLC				L.P.				LLC				L.P.				LLC				LLC
Cash flows from operating activities:
	Net Income (loss)				(582	)			1,347				(585	)			867				220				3,845				367				5,501
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			540				365				516				417				438				3,079				—				1,681
		Equity in earnings							—				—				—				—				—				—				—
		Loss on sale of assets, net of tax			—				—				—				—				—				—				—				—
		Write down of investment in STS Hotel Net			—				—				—				—				—				—				—				—
		Extraordinary loss on early extinguishment of debt, before tax effect			—				—				—				—				—				—				—				—
		Minority interests			—				—				—				—				—				—				—				—
		Amortization of unearned stock based compensation			—				—				—				—				—				—				—				—
		Interest rate swaps marked to fair value
		Deferred income taxes			—				—				—				—				—				—				—				—
		Changes in operating assets and liabilities:
			Accounts receivable, net		—				56				—				67				8				383				(372	)			—
			Prepaid expenses and other		—				64				—				—				(7	)			(14	)			—				—
			Due from/to Meristar Hotels		—				—				44				(1	)			(1	)			(1	)			42				2,004
			Accounts payable, accrued expenses and other liabilities		(134	)			19				243				(81	)			(33	)			452				1				(359	)
			Accrued interest		—				—				—				—				—				—				—				—
			Due from subsidiaries	1,247			(1,593			)	(164			)	(1,217			)	(578			)	(7,457			)	(39			)	(7,989			)
			Income taxes payable		—				—				—				—				—				—				—				—
			Net cash provided by (used in) operating activities	1,071			258				54				53				47				286				—				838
Cash flows from investing activities:
	Investment in hotel properties, net				(1,071	)			(258	)			1				(53	)			(48	)			(286	)			—				(838	)
	Proceeds from disposition of assets				—				—				—				—				—				—				—				—
	Investments in and advances to affiliates, net				—				—				—				—				—				—				—				—
	Hotel operating cash received in connection with lease conversions				—				—				—				—				—				—				—				—
	Note receivable				—				—				—				—				—				—				—				—
	Change in restricted cash				—				—				—				—				—				—				—				—
			Net cash provided by (used in) investing activities		(1,071	)			(258	)			1				(53	)			(48	)			(286	)			—				(838	)
Cash flows from financing activities:
	Deferred financing costs				—				—				—				—				—				—				—				—
	Proceeds from mortgages and notes payable				—				—				(196	)			—				—				—				—				—
	Principal payments on mortgages and notes payable				—				—				—				—				—				—				—				—
	Purchase of treasury stock				—				—				—				—				—				—				—				—
	Contributions from partners				—				—				—				—				—				—				—				—
	Distributions to partners				—				—				—				—				—				—				—				—
			Net cash provided by (used in) financing activities		—				—				(196	)			—				—				—				—				—
Effect of exchange rate changes on cash					—				—				142				—				—				—				—				—
Net change in cash					—				—				—				—				—				—				—				—
Cash and cash equivalents, beginning of period					—				—				—				—				—				—				—				—
Cash and cash equivalents, end of period					—				—				—				—				—				—				—				—

MeriStar Hospitality Operating Partnership, L.P.
Condensed Consolidated Statement of Cash Flows
For the six months ended June 30, 2001
(in thousands)

																				MeriStar
				MeriStar				MeriStar				MeriStar				MeriStar				Hotel
				Sub 5Q,				Sub 5A,				Sub 8D,				Sub 4J,				Lessee,								Total
				LLC				LLC				LLC				LLC				Inc.				Eliminations				Consolidated
Cash flows from operating activities:
	Net Income (loss)				1,608				599				1,124				817				12,360				(109,079	)			40,402
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
		Depreciation and amortization			205				834				622				618				123				—				57,787
		Equity in earnings			—				—				—				—				—				109,079				—
		Loss on sale of assets, net of tax			—				—				—				—				—								1,081
		Write down of investment in STS Hotel Net			—				—				—				—				—				—				2,112
		Extraordinary loss on early extinguishment of debt, before tax effect			—				—				—				—				—				—				1,243
		Minority interests			—				—				—				—				—				—				6
		Amortization of unearned stock based compensation			—				—				—				—				—				—				1,842
		Interest rate swaps marked to fair value																											—
		Deferred income taxes			—				—				—				—				—				—				296
		Changes in operating assets and liabilities:
			Accounts receivable, net		—				11				119				43				(6,767	)			—				(7,007	)
			Prepaid expenses and other		—				(11	)			(5	)			—				(551	)			—				502
			Due from/to Meristar Hotels		(86	)			(1	)			—				—				(999	)			—				11,328
			Accounts payable, accrued expenses and other liabilities		(335	)			362				10				(204	)			2,299				—				(9,052	)
			Accrued interest		—				—				—				—				—				—				15,987
			Due from subsidiaries	(1,124		)	(1,322			)	(1,821			)	(957			)	9,745				(268,842			)	—
			Income taxes payable		—				—				—				—				—				—				499
			Net cash provided by (used in) operating activities	269			473				50				317				16,209				(268,842			)	117,026
Cash flows from investing activities:
	Investment in hotel properties, net				(269	)			(473	)			(50	)			(317	)			(718	)			—				(23,782	)
	Proceeds from disposition of assets				—				—				—				—				—				—				7,274
	Hotel operating cash received in connection with lease conversions				—				—				—				—				3,257				—				3,257
	Note receivable				—				—				—				—				—				(464	)			(36,000	)
	Change in restricted cash				—				—				—				—				—				—				(283	)
			Net cash provided by (used in) investing activities		(269	)			(473	)			(50	)			(317	)			2,539				(464	)			(49,534	)
Cash flows from financing activities:
	Deferred financing costs				—				—				—				—				—				—				(9,906	)
	Proceeds from mortgages and notes payable				—				—				—				—				(32	)			269,306				599,529
	Principal payments on mortgages and notes payable				—				—				—				—				—				—				(584,830	)
	Repurchase of units				—				—				—				—				—				—				(3,280	)
	Contributions from partners				—				—				—				—				—				—				705
	Distributions to partners				—				—				—				—				—				—				(49,685	)
			Net cash provided by (used in) financing activities		—				—				—				—				(32	)			269,306				(47,467	)
Effect of exchange rate changes on cash					—				—				—				—				—				—				283
Net change in cash					—				—				—				—				18,716				—				20,308
Cash and cash equivalents, beginning of period					—				—				—				—				—				—				242
Cash and cash equivalents, end of period					—				—				—				—				18,716				—				20,550