QUANTUMONLINE.COM SECURITY DESCRIPTION:  Innkeepers USA Trust, 8.0% Series C Cumulative Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/20/2009 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.0% ($2.00) per annum paid quarterly on the last Tuesday of Jan, Apr, July & Oct to holders of record on the record date which is the last Friday of Mar, June, Sept & Dec. (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	8.00% $2	$25.00 $25.00	1/20/2009 None	NF NF 11/15/2013	Suspended! Last Tues Jan, Apr, Jul & Oct Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  July 19, 2010 -- Innkeepers USA Trust, a real estate investment trust and a leading owner of upscale extended-stay hotel properties throughout the United States, today announced that it has reached various agreements with certain of its key constituents regarding a comprehensive financial restructuring to be effectuated through a pre-arranged plan of reorganization under chapter 11 of the United States Bankruptcy Code. ____________ June 21, 2010 -- Innkeepers USA Trust today announced that it has suspended payment of its 2010 second quarter dividend on its 8% Series C Cumulative Redeemable Preferred Shares. Innkeepers' board of trustees will continue to review future quarterly dividends on the 8% Series C Cumulative Redeemable Preferred Shares based on financial and economic conditions and other appropriate factors. ____________ January 7, 2009 -- Innkeepers USA Trust (OTC: INKPP) today announced that it will not declare a 2008 fourth quarter dividend on its 8% Series C Cumulative Redeemable Preferred Shares. Decisions regarding future quarterly dividends on the 8% Series C Cumulative Redeemable Preferred Shares will be made by Innkeepers’ board of trustees based on financial and economic conditions and other factors that the board deems appropriate. ____________ From the merger proxy statement filed with the SEC on 5/29/2007 -- "If the merger is completed, our common shares will no longer be traded on the NYSE and will be deregistered under the Exchange Act. We also expect our Series C Preferred shares to be delisted from the NYSE and deregistered under the Exchange Act. As a result, we expect that we will cease to be subject to the reporting obligations under the Exchange Act." "Each Series C preferred unit of the Partnership that is issued and outstanding immediately prior to the effective time of the merger will remain outstanding and held by Innkeepers Financial and will otherwise be unaffected by the merger and the other transactions contemplated by the merger agreement." "At the effective time of the merger, each Series C Preferred share of the Company issued and outstanding immediately prior to the effective time of the merger will automatically be converted into one 8.0% Series C Cumulative Preferred share of beneficial interest, par value $0.01 per share, of the surviving entity having preferences, rights, voting powers and restrictions identical to the Series C Preferred shares. The merger agreement does not affect the rights of holders of Series C Preferred shares to payment of dividends in accordance with the terms of our declaration of trust, as amended." ____________ April 16, 2007 -- Innkeepers USA Trust, a hotel real estate investment trust (REIT) and a leading owner of upscale extended-stay hotel properties throughout the United States, including Residence Inns, Summerfield Suites and Hampton Inns, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Apollo Investment Corporation for $17.75 per share in cash, plus the assumption of Innkeepers indebtedness. Innkeepers will pay its first quarter common share dividend on April 24, 2007 and has agreed to suspend any further common share dividends.

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Address and Phone Numbers

Address:   340 Royal Poinciana Way, Suite 306, Palm Beach, FL 33480
Main Phone Number	561-835-1800
Fax Number	561-835-0457
Investor Contact (CFO)   Dennis Craven	561-227-1302