AGREEMENT AND PLAN OF MERGER Dated as of July 25, 2007 Among APPLE HOSPITALITY FIVE, INC. INLAND AMERICAN REAL ESTATE TRUST, INC. and INLAND AMERICAN ORCHARD HOTELS, INC.Agreement and Plan of Merger • July 26th, 2007 • Apple Hospitality Five Inc • Real estate investment trusts • Virginia
AGREEMENT AND PLAN OF MERGER (the “Agreement”), dated as of July 25, 2007, among Apple Hospitality Five, Inc., a Virginia corporation (the “Company”), Inland American Real Estate Trust, Inc., a Maryland corporation (“Buyer”) and Inland American Orchard Hotels, Inc., a Delaware corporation (“Acquisition Sub”) and a wholly-owned subsidiary of Inland American Lodging Corporation, a Delaware corporation which is a wholly-owned subsidiary of Inland American Lodging Group, Inc., a Delaware corporation which is a wholly-owned subsidiary of Buyer. Buyer, Acquisition Sub and the Company are each sometimes referred to herein as a “Party” and collectively as the “Parties.”
