Investments in hotel properties, net

Exhibit 10.25.4.6a

Schedule of Omitted Guaranties
(Fixed Rate Pools)

     The agreements listed below are substantially identical in all material respects to the Guaranty for Fixed Rate Pool 1, executed as of April 11, 2007, by the Registrant for the benefit of Wachovia Bank, National Association (the “Form Guaranty”), except as to the identity of the borrowers of the underlying debt, the principal amount of the underlying debt and the maximum amount payable by the guarantor. The following table specifically identifies each of these differences. There are no other material differences between any of the agreements listed below and the Form Guaranty. These agreements are not being filed as exhibits in reliance on Instruction 2 to Item 601 of Regulation S-K.

				Principal
				Balance of				Maximum
				Borrowers’				Guaranteed
Omitted Agreement		Borrowers		Debt				Amount
Guaranty for Fixed Rate Pool 2, executed as of April 11, 2007, by the Registrant for the benefit of Wachovia Bank, National Association		Ashford Phoenix Airport LP Ashford Plano-R LP Ashford San Jose LP Ashford Richmond LP Ashford Plymouth Meeting LP Ashford Hawthorne LP Ashford Manhattan Beach LP		$	126,466,000			$	21,300,000
Guaranty for Fixed Rate Pool 3, executed as of April 11, 2007, by the Registrant for the benefit of Wachovia Bank, National Association		Ashford San Francisco II LP Ashford Seattle Downtown LP		$	128,408,000			$	21,650,000
Guaranty for Fixed Rate Pool 4, executed as of April 11, 2007, by the Registrant for the benefit of Wachovia Bank, National Association		Ashford LLB C-Hotel Management, LP Ashford LLB SHS Management, LP Ashford LLB F-Inn Management, LP Ashford Edison LP Ashford Atlanta Buckhead LP		$	103,906,000			$	17,500,000

				Principal
				Balance of				Maximum
				Borrowers’				Guaranteed
Omitted Agreement		Borrowers		Debt				Amount
Guaranty for Fixed Rate Pool 5, executed as of April 11, 2007, by the Registrant for the benefit of Wachovia Bank, National Association		Ashford Durham I LLC Ashford Durham II LLC Ashford Bucks County LLC Ashford Flagstaff LP Ashford Market Center LP Ashford Bridgewater Hotel Partnership, LP		$	158,105,000			$	26,650,000
Guaranty for Fixed Rate Pool 6, executed as of April 11, 2007, by the Registrant for the benefit of Wachovia Bank, National Association		Ashford Plano-M LP Ashford Seattle Waterfront LP Ashford Tampa International Hotel Partnership, LP		$	260,980,000			$	43,975,000
Guaranty for Courtyard Philadelphia, executed as of April 11, 2007, by the Registrant for the benefit of Wachovia Bank, National Association		Ashford Philadelphia Annex LLC		$	35,000,000			$	5,900,000