Total available rooms represents the number of rooms available multiplied by the number of days in the reported period. We use total available rooms as a measure of capacity in our system of hotels and do not adjust total available rooms for rooms temporarily out of service for remodel or other short-term periods

Exhibit 10.18

Summary Sheet for Director Compensation and Executive Cash
Compensation and Performance Criteria Under Executive
Officers Variable Pay Plan

March 12, 2008

Director Compensation

The Company pays its Chairman of the Board an annual retainer of $60,000 and provides him office space that has a rental value of approximately $6,000 per year. The Company pays each of its other non-employee directors an annual retainer of $30,000. The chair of the Audit Committee receives an additional annual fee of $15,000. The chairs of each of the Compensation Committee and the Nominating and Corporate Governance Committee receive an additional annual fee of $5,000. Non-chair members of the Audit Committee receive an additional $5,000 annual fee. All director fees are payable to directors in quarterly installments.

In addition to annual fees, each new non-employee director is entitled to receive, at or following the Company’s annual meeting at which he or she is first elected, a one-time grant of stock of the Company valued at $20,000. Thereafter, at or following each subsequent annual meeting of shareholders, each non-employee director is entitled to receive a grant of stock of the Company valued at $12,000.

The Company’s President and Chief Executive Officer is not separately compensated outside of his employment agreement for service as a director.

Executive Cash Compensation

The following table sets forth the 2008 base salary of each of the Company’s executive officers:

		2008 Base
		Salary
Anupam Narayan		$	360,000
President, Chief Executive Officer and Chief Financial Officer
John M. Taffin		$	220,500
Executive Vice President, Hotel Operations
Thomas L. McKeirnan		$	209,000
Senior Vice President, General Counsel, and Secretary

2007 Performance Criteria Under Executive Officers Variable Pay Plan

On February 25, 2008, the Compensation Committee of the Company’s Board of Directors established 2008 performance goals for the Company’s executive officers under the Company’s Executive Officers Variable Pay Plan, effective January 1, 2005. Measured as a percentage of their 2008 base salaries, the target and maximum variable pay available to these officers for achievement of these goals in 2008 is as follows:

		Variable Pay as Percentage
		of 2008 Base Salary
		Target				Maximum
Anupam Narayan			60	%			100	%
John M. Taffin			30	%			50	%
Thomas L. McKeirnan			30	%			50	%