Exhibit 10.24

FIRST OMNIBUS AMENDMENT TO LOAN DOCUMENTS

(Mortgage)

THIS FIRST OMNIBUS AMENDMENT TO LOAN DOCUMENTS (this “Amendment”) is entered into as of February 11, 2008 by and between GOLDMAN SACHS MORTGAGE COMPANY, a New York limited partnership (“Lender”), as lender, and W2007 EQUITY INNS REALTY, LLC, a Delaware limited liability company, and W2007 EQUITY INNS REALTY, L.P., a Delaware limited partnership (collectively, “Borrower”), as borrowers, and amends that certain Loan Agreement, dated as of October 25, 2007, by and between Lender and Borrower (the “Loan Agreement”) and, as and to the extent implicated by the terms hereof, each of the “Loan Documents”, as such term is defined in the Loan Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings given such terms in the Loan Agreement.

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows, effective from and after the date hereof:

1. Spread. The definition of “Spread” in the Loan Agreement, together with all references thereto in each of the other Loan Documents is hereby replaced in its entirety with the following:

“Spread” means:

(i) initially, 2.911%; and

(ii) following the bifurcation of the Note into multiple Note Components pursuant to Section l.3(c), the weighted average of the Component Spreads at the time of determination, weighted on the basis of the corresponding Component Balances.”

The parties hereto acknowledge and agree that, in connection with certain contemplated amendments to the Mezzanine Loan Agreements, the weighted average of the Spread and the “Spreads” under and as defined in each of the Mezzanine Loan Agreements is 2.912083%.

2. Financing Statements. For the avoidance of doubt, Borrower hereby acknowledges and agrees that the authorization granted to Lender pursuant to Section 5.9 of the Loan Agreement to file Uniform Commercial Code financing statements with respect to Borrower’s assets shall include the filing of “all-assets” statements.

3. Governing Law. This Amendment shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

4. Successors and Assigns. This Amendment shall be binding upon Borrower and its successors and assigns, and shall be binding upon and inure to the benefit of Lender and its permitted successors and assigns, including any subsequent holder of all or any portion of the Note.

5. Exculpation. Each of Sponsor and Operating Partnership hereby reaffirms its obligations under the Guaranty.

6. Miscellaneous. All of the terms and conditions of the Loan Agreement and the other Loan Documents and the collateral security provided thereby, including those terms and conditions modified by this Amendment, are hereby ratified and confirmed in all respects and shall remain in full force and effect in accordance with their terms. All references to the Loan Agreement in any Loan Document shall, from and after the execution and delivery of this Amendment, be deemed a reference to the Loan Agreement and Loan Documents as amended hereby and as hereafter amended, modified or extended from time to time. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.

7. Limitation on Recourse. Section 9.19 of the Loan Agreement is incorporated herein by this reference.

[Signatures appear on following page.]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their duly authorized representatives, all as of the day and year first above written.

[Signatures continued on following page.]

Acknowledged and Agreed to (solely for purposes of Section 6 hereof) by: