| 9/21/09 Per Grandbridge, " A 70 room hotel with 62% ytd occupancy on 12/31/2008. Property\''s top line revenue is suffering because lower priced competitors, such as Days Inn and Comfort Inn, are reducing their rates and this property is having to follow suit to remain competitive. All of the public areas (i.e., lobby, hallways, etc.) and the 2nd floor guest rooms were renovated in 2008. Borrower has plans to install new carpet and furniture in the 3rd floor guest rooms this year. Occupancy for Q1 2009 was 59.87% and property received overall rating of Good on 6/6/2008 inspection."
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