Name of Subsidiary	Ownership	State of Incorporation
ARC Hospitality Portfolio I TRS Holdco, LLC	100%	Delaware
ARC Hospitality Portfolio I TRS, LLC	100%	Delaware
ARC Hospitality Portfolio I HIL TRS, LLC	100%	Delaware
ARC Hospitality Portfolio I MCK TRS, LLC	100%	Delaware
ARC Hospitality Portfolio I MISC TRS, LLC	100%	Delaware
ARC Hospitality Portfolio I DEKS TRS, LLC	100%	Delaware
ARC Hospitality Portfolio I KS TRS, LLC	100%	Kansas
ARC Hospitality Portfolio I NTC TRS GP, LLC	100%	Delaware
ARC Hospitality Portfolio I NTC HIL TRS, LP	100%	Delaware
ARC Hospitality Portfolio I NTC TRS, LP	100%	Delaware
ARC Hospitality Portfolio I Concessions, LLC	100%	Delaware
ARC Hospitality Portfolio I TX Management, LLC	100%	Delaware
ARC Hospitality Portfolio I TX Holdings, LLC	100%	Delaware
ARC Hospitality Portfolio I TX Beverage Company, LLC	100%	Delaware
American Realty Capital Hospitality Operating Partnership, L.P.	100%	Delaware
American Realty Capital Hospitality Portfolio Member, LP	100%	Delaware
ARC Hospitality Portfolio I Holdco, LLC	100%	Delaware
ARC Hospitality Portfolio I Mezz, LP	100%	Delaware
ARC Hospitality Portfolio I Owner, LLC	100%	Delaware
ARC Hospitality Portfolio I BHGL Owner, LLC	100%	Delaware
ARC Hospitality Portfolio I PXGL Owner, LLC	100%	Delaware
ARC Hospitality Portfolio I GBGL Owner, LLC	100%	Delaware
ARC Hospitality Portfolio I NFGL Owner, LLC	100%	Delaware
ARC Hospitality Portfolio I MBGL1000 Owner, LLC	100%	Delaware
ARC Hospitality Portfolio I MBGL950 Owner, LLC	100%	Delaware
ARC Hospitality Portfolio I NTC Owner, LP	100%	Delaware
ARC Hospitality Portfolio I DLGL Owner, LP	100%	Delaware
ARC Hospitality Portfolio I SAGL Owner, LP	100%	Delaware
American Realty Capital Hospitality Portfolio Member GP, LLC	100%	Delaware
ARC Hospitality Portfolio I Mezz GP, LLC	100%	Delaware
ARC Hospitality Portfolio I NTC Owner GP, LLC	100%	Delaware
ARC Hospitality Portfolio II TRS Holdco, LLC	100%	Delaware
ARC Hospitality Portfolio II TRS, LLC	100%	Delaware
ARC Hospitality Portfolio II HIL TRS, LLC	100%	Delaware
ARC Hospitality Portfolio II MISC TRS, LLC	100%	Delaware
ARC Hospitality Portfolio II NTC TRS GP, LLC	100%	Delaware
ARC Hospitality Portfolio II NTC HIL TRS, LP	100%	Delaware
ARC Hospitality Portfolio II NTC TRS, LP	100%	Delaware
ARC Hospitality Portfolio II Concessions, LLC	100%	Delaware
ARC Hospitality Portfolio II TX Management, LLC	100%	Delaware
ARC Hospitality Portfolio II TX Holdings, LLC	100%	Delaware
ARC Hospitality Portfolio II TX Beverage Company, LLC	100%	Delaware
ARC Hospitality Portfolio II Holdco, LLC	100%	Delaware
ARC Hospitality Portfolio II Mezz, LP	100%	Delaware

ARC Hospitality Portfolio II Owner, LLC	100%	Delaware
ARC Hospitality Portfolio II Mezz GP, LLC	100%	Delaware
ARC Hospitality Portfolio II NTC Owner GP, LLC	100%	Delaware
ARC Hospitality Portfolio II NTC Owner, LP	100%	Delaware
ARC Hospitality Baltimore, LLC	100%	Delaware
ARC Hospitality Providence, LLC	100%	Delaware
ARC Hospitality Stratford, LLC	100%	Delaware
ARC Hospitality GA Tech, LLC	100%	Delaware
ARC Hospitality TRS Holding, LLC	100%	Delaware
ARC Hospitality TRS Baltimore, LLC	100%	Delaware
ARC Hospitality TRS Providence, LLC	100%	Delaware
ARC Hospitality TRS Stratford, LLC	100%	Delaware
ARC Hospitality TRS Ga Tech, LLC	100%	Delaware
CHRI Blacksburg Hotel (A/H) Minority Holding, LLC	100%	Delaware
BSE/AH Blacksburg Hotel, L.L.C.	24%	Virginia
CHRI Virginia Beach Hotel (A/H) Minority Holding, LLC	100%	Delaware
TCA Block 7 Hotel, L.L.C.	30.53%	Virginia