White Lodging Announces Portfolio Sale of 16 Hotels

MERRILLVILLE, Ind., Nov. 4, 2010 /PRNewswire/ — White Lodging Services

Corporation has closed a deal to transfer 16 of the company’s Marriott and
Hilton affiliated hotels in seven states to Apple Real Estate Investment Trust
Companies (Apple REIT). All properties will remain with White Lodging under
long-term management agreements.

White Lodging’s relationship with Apple REIT began in 2005, with Apple REIT’s
acquisition of the Marriott Hotel in Boulder, Colorado. This current acquisition
of the White Lodging properties boosts Apple REIT’s ownership to more than 240
hotels across the country.

“The transaction with Apple REIT, one of our industry’s most professional and
prolific owners of premium branded hotels, provides White Lodging with
additional capital to continue executing our strategic growth plan at a time
when many of our competitors are merely trying to stay afloat,” said Deno
Yiankes, president and CEO of investments and development at White Lodging.

Yiankes continued by saying, “The fact that our managed portfolio for Apple REIT
has grown from one hotel initially to 31 hotels within five years is a direct
compliment to the nearly 7,000 White Lodging associates and leaders who serve as
the foundation for our continued growth on a daily basis.”

Apple REIT began in 1999 and is exclusively associated with two of the most
recognized brands in the hotel industry – Marriott and Hilton. Throughout the
years, they have developed a successful formula for owning geographically
diverse, high-quality hotels.

The hotels included in the Apple REIT/White Lodging transaction are the
SpringHill Suites in Fishers, Indiana and Salt Lake City, Utah as well as the
Residence Inns in Mishawaka, Indiana; Phoenix, Arizona; and Mettawa, Illinois.
The Courtyard by Marriott properties that are included are located in Phoenix
and Chandler, Arizona and in Austin, Texas. Also part of the transaction are
Hilton Garden Inn hotels in Mettawa, Warrenville and Schaumburg, Illinois;
Austin, Texas; and Novi, Michigan. Apple REIT will also acquire Fairfield Inn
and Suites in Austin, Texas and Chandler, Arizona and one Embassy Suites hotel
in Tampa/Brandon, Florida.

White Lodging Services Corporation was established in 1985 and is headquartered
in Merrillville, Indiana. White Lodging is a fully integrated hotel ownership,
development, and operations company – a recognized leader that has defined and
cultivated the ability to achieve consistent, sustainable growth among premium
branded mid- to large-scale hotels across the country. Their current managed
portfolio consists of 151 hotels in eighteen states and encompasses
representation of the following leading brands: Marriott International, Hilton
Worldwide, Hyatt Global, Starwood Hotels and Resorts, InterContinental Hotel
Group, and Carlson Hotels Worldwide.

For more information about White Lodging, please visit www.whitelodging.com or
call 219-472-2900.

SOURCE White Lodging Services Corporation