UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

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In re: : Chapter 11
:
INNKEEPERS USA TRUST, et al., : Case No. 10-13800 (SCC)
:
Debtors. : (Jointly Administered)
:
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NOTICE OF FEE STATEMENT OF JEFFERIES & COMPANY, INC. FOR
THE PERIOD FROM JULY 1, 2011 THROUGH JULY 31, 2011

Name of applicant: Jefferies & Company, Inc. (Jefferies)
Authorized to provide
professional services to: The Official Committee of Unsecured Creditors
Date of retention: October 1, 2010 (nunc pro tunc to July 30, 2010)
Period for which compensation
and reimbursement is sought: July 1, 2011 through July 31, 2011
Amount of compensation
sought as actual, reasonable,
necessary: $125,000.00
Amount of expense reimbursement
sought as actual, reasonable,
necessary: $889.38
This is a(n): Monthly Application

This is Jefferies & Company, Inc.s (Jefferies) eleventh monthly application for
compensation and reimbursement of expenses (the Application) as financial advisor to the
Official Committee of Unsecured Creditors (the Committee), for the period from July 1, 2011
through and including July 31, 2011.




This Application is filed pursuant to the Order Authorizing the Establishment of
Procedures for Interim Compensation and Reimbursement of Expenses for Professionals and
Official Committee Members, dated August 12, 2010 (the Interim Compensation Order). By
this Application, which covers the period from July 1, 2011 through and including July 31, 2011,
Jefferies requests compensation for fees of $125,000.00, subject to the 20% holdback required by
the Interim Compensation Order, and reimbursement of expenses totaling $889.38.
Notice of this Application will be provided to: (i) the Debtors; (ii) Counsel to the
Debtors; (iii) Counsel to the Official Committee of Unsecured Creditors; (iv) Counsel to
Midland Loan Services, Inc.; (v) Counsel to Certain Prepetition Lenders (each as defined in the
Interim Compensation Order); and (vi) the Office of the United States Trustee for the purpose of
reviewing fees and expenses.
Dated: September 13, 2011
Jefferies & Company, Inc.

c . .
- Alexander V.
Senior Vice President
Jefferies & Company, Inc.
520 Madison A venue, ih Floor
New York, NY 10022
Tel: (212) 707-6476
In re Innkeepers USA Trust
10-13800 (SCC)

Service List
Innkeepers USA Trust
340 Poinciana Way, Suite 306
Palm Beach, Florida 33480
Attn: Mark Murphy

Kirkland & Ellis LLP
Counsel to the Debtors
601 Lexington Avenue
New York, NY 10022
Attn: Jennifer Marines, Esq.

Kirkland & Ellis LLP
Counsel to the Debtors
300 North LaSalle Street
Chicago, IL 60654
Attn: Marc J. Carmel, Esq.

Morrison & Foerster LLP
Counsel to the Official Committee of Unsecured Creditors
1290 Avenue of the Americas
New York, NY 10104
Attn: Jordan Wishnew, Esq.

Haynes & Boone, LLP
Counsel to Midland Loan Service, Inc.
1221 Avenue of the Americas
New York, NY 10020
Attn: Lenard M. Parkins, Esq. and John D. Penn, Esq.

Bryan Cave LLP
Counsel to Certain Prepetition Lenders
1290 Avenue of the Americas
New York, NY 10104
Attn: Lawrence P. Gottesman, Esq.

Duane Morris LLP
One Market Plaza, Spear Tower, Suite 2200
San Francisco, CA 94105
Attn: Phillip K. Wang, Esq.

The Office of the U.S. Trustee
33 Whitehall St., Suite 2100,
New York, New York 10044
Attn: Paul Schwartzberg, Esq.





EXHIBIT A








Jefferies & Company, Inc.
520 Madison Avenue
12th Floor
New York, NY 10022
Invoice Number: IB7681v
Reference #: INN04100IB
Terms: Immediate
Official Committee of Unsecured Creditors
of Innkeepers USA Trust, et al.
c/o Morrison & Foerster, LLP
1290 Avenue of the Americas
New York, NY 10104-0050
Attention: Keith Venezie
Co-Chairman

July 1, 2011 - July 30, 2011 $125,000.00
($25,000.00)
$100,000.00

Accommodations $385.13
Meals $80.00
Presentation Services $22.00
Transportation - Air $266.90
Transportation - Ground $135.35
Total Out-of-Pocket Expenses: $889.38

TOTAL DUE $100,889.38
Payment Details
Wire Instructions
Bank of New York
ABA #021000018
A/C: Jefferies & Company, Inc.
A/C: #890-065-2772
Reference: INN04100IB_ IB7681v Innkeepers
Total Fee:
Invoice Date: 9/13/2011
For services rendered in accordance with our engagement letter dated September 8, 2010
Monthly Fee:
Expenses:
(Less 20% Holdback)
INVOICE




EXHIBIT B

Jefferies & Company, Inc.
Summary of Hours Worked
July 1, 2011 - July 31, 2011
Name Position Hours Worked
Leon Szlezinger Managing Director, Recapitalization and Restructuring Group 7.0
Frank Merola Managing Director, Recapitalization and Restructuring Group 4.0
Alexander Rohan Sr. Vice President, Recapitalization and Restructuring Group 9.5
John D'Amico Associate, Recapitalization and Restructuring Group 17.5
Patrick Morrow Analyst, Recapitalization and Restructuring Group 16.0
Total 54.0
Other Jefferies professionals who participated but do not keep hours:
Justin DeSpirito Legal Counsel



EXHIBIT C
Jefferies & Company, Inc.
Breakdown of Expenses
July 1, 2011 July 31, 2011
Exhibit C


EXPENSES:

Accommodations $385.13
Meals $80.00
Presentation Services $22.00
Transportation Air $266.90
Transportation Ground $135.35
TOTAL $889.38













































BANKER CATEGORY DESCRIPTION DATE AMOUNT
FRANK A. MEROLA Accommodation Hotel Room 7/5/2011 $108.34
FRANK A. MEROLA Accommodation Hotel Tax 7/5/2011 $17.15
FRANK A. MEROLA Meals Meal While Traveling 7/5/2011 $20.00
FRANK A. MEROLA Accommodation Hotel Tax 7/6/2011 $17.15
FRANK A. MEROLA Accommodation Hotel Room 7/6/2011 $108.34
FRANK A. MEROLA Transportation - Ground OT Car Service - NYC 7/6/2011 $29.83
FRANK A. MEROLA Accommodation Hotel Tax 7/7/2011 $17.15
FRANK A. MEROLA Accommodation Hotel Room 7/7/2011 $108.34
FRANK A. MEROLA Meals Meal While Traveling 7/7/2011 $20.00
FRANK A. MEROLA Transportation - Ground OT Car Service - NYC 7/7/2011 $29.39
FRANK A. MEROLA Transportation - Ground OT Taxi- Office to Hotel 7/7/2011 $14.33
FRANK A. MEROLA Accommodation Hotel Laundry 7/8/2011 $8.66
FRANK A. MEROLA Transportation - Ground Airport Parking 7/9/2011 $40.00
FRANK A. MEROLA Transportation - Ground OT Car Service - NYC 7/18/2011 $21.80
FRANK A. MEROLA Transportation - Air Roundtrip Coach Class Flight - LAX to JFK 7/24/2011 $266.90
JOHN D'AMICO Meals Overtime Meal 8/1/2011 $20.00
JOHN D'AMICO Meals Overtime Meal 8/2/2011 $20.00
ROLAND SIN Presentation Services Create/Edit Presentation 8/9/2011 $22.00
$889.38



EXHIBIT D







Jefferies & Company, Inc.
July 2011
Banker Date Hours Comments
Leon Szlezinger
Leon Szlezinger 7/1/2011 1.00 Discussions re: case status
Leon Szlezinger 7/5/2011 0.50 Discussions re: case status
Leon Szlezinger 7/6/2011 1.00 UCC call; discussions re: closing / case status
Leon Szlezinger 7/8/2011 0.50 Process update
Leon Szlezinger 7/11/2011 0.50 Internal discussions
Leon Szlezinger 7/18/2011 0.50 Review objections to Five Mile claim and internal discussions re: same
Leon Szlezinger 7/19/2011 1.00 Review Anaheim effective order and discuss same
Leon Szlezinger 7/20/2011 0.50 Review filings and internal discussions re: same
Leon Szlezinger 7/26/2011 0.50 Discuss claims objections
Leon Szlezinger 7/28/2011 0.50 Review/discuss claims filings
Leon Szlezinger 7/29/2011 0.50 Discuss Five Mile reply
July 2011 Summary Hours for Leon Szlezinger 7.00
Frank Merola
Frank Merola 7/6/2011 1.50 Committee call; internal discussions re: case status
Frank Merola 7/18/2011 1.00 Review filings and case status update
Frank Merola 7/28/2011 1.50 Review filings and case status update
July 2011 Summary Hours for Frank Merola 4.00
Alexander Rohan
Alexander Rohan 7/1/2011 1.00 Case status correspondence and discussions
Alexander Rohan 7/5/2011 1.50 Review weekly cash flow forecast; prep for UCC call
Alexander Rohan 7/6/2011 1.00 UCC call; discussions re: closing
Alexander Rohan 7/8/2011 0.50 Case status update
Alexander Rohan 7/11/2011 0.50 Discussions w/ counsel
Alexander Rohan 7/13/2011 0.50 Review performance
Alexander Rohan 7/18/2011 0.50 Review objections to Five Mile claim and internal discussions re: same
Alexander Rohan 7/19/2011 1.00 Review effective date / order and related filings for selected properties
Alexander Rohan 7/20/2011 0.50 Review filings and internal discussions re: same
Alexander Rohan 7/22/2011 0.50 Review cash flow forecast
Alexander Rohan 7/26/2011 0.50 Discuss claims objections
Alexander Rohan 7/28/2011 1.50 Review/discuss claims filings
July 2011 Summary Hours for Alexander Rohan 9.50
John D'Amico
John D'Amico 7/1/2011 1.00 Various correspondence
John D'Amico 7/5/2011 5.00 Prepare and review weekly presentation; review Court filings; review of industry performance
John D'Amico 7/6/2011 2.00 Committee call; internal discussions; various correspondence
John D'Amico 7/7/2011 0.50 Internal discussions
John D'Amico 7/8/2011 1.50 Review filings; internal discussions
John D'Amico 7/11/2011 1.00 Internal discussions re: case status
John D'Amico 7/13/2011 0.50 Review Court filings
John D'Amico 7/18/2011 0.50 Review objections; review additional filings; internal discussions
John D'Amico 7/19/2011 1.00 Review effective date / order and related filings for selected properties
John D'Amico 7/20/2011 1.50 Review filings and property results
John D'Amico 7/22/2011 0.50 Review Court filings
John D'Amico 7/26/2011 1.00 Review claims objection filings
John D'Amico 7/29/2011 1.50 Review Court filings
July 2011 Summary Hours for John D'Amico 17.50
Patrick Morrow
Patrick Morrow 7/1/2011 1.00 Discussions re: confirmation issues
Patrick Morrow 7/5/2011 4.00 Preparation for Committee call; review docket and circulate filings; review meeting agenda
Patrick Morrow 7/6/2011 3.50 Committee call; internal discussions re: case status; correspondence and analysis re: outstanding and estimated fees
Patrick Morrow 7/7/2011 0.50 Follow-up re: outstanding fees
Patrick Morrow 7/8/2011 1.00 Review docket and circulate filings; internal discussions re: case status
Patrick Morrow 7/11/2011 1.00 Correspondence w/ counsel re: interim fee applications; review Ontario effective date order; internal discussions re: same
Patrick Morrow 7/13/2011 0.50 Review docket and circulate filings
Patrick Morrow 7/18/2011 0.50 Review objections to Five Mile claim; review docket and circulate filings; internal discussions re: same
Patrick Morrow 7/19/2011 1.50 Discussions re: effective date / order for certain properties; review related documents
Patrick Morrow 7/20/2011 1.00 Circulate omnibus hearing agenda and related filings; review same
Patrick Morrow 7/22/2011 0.50 Review docket and circulate filings
Patrick Morrow 7/26/2011 0.50 Review claims objection filings
Patrick Morrow 7/29/2011 0.50 Review docket and circulate filings; review Five Mile reply
July 2011 Summary Hours for Patrick Morrow 16.00