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<B><FONT SIZE=4><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


</FONT><FONT SIZE=2><P ALIGN="CENTER">Washington, D.C. 20549</P>


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<P>&nbsp;</P>


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</FONT><B><FONT SIZE=4><P ALIGN="CENTER">FORM 8-K</P>


</B></FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><B><P ALIGN="CENTER">CURRENT REPORT</P>


<FONT SIZE=2><P ALIGN="CENTER">Pursuant to Section 13 or 15(d)</P>


<P ALIGN="CENTER">of the Securities Exchange Act of 1934</P>


</B></FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><B><FONT SIZE=2><P ALIGN="CENTER">Date of Report: January 18, 2006</P>


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<P>&nbsp;</P>


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</FONT><B><FONT SIZE=5><P ALIGN="CENTER">INNKEEPERS USA TRUST</P>


</FONT><FONT SIZE=1><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>


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<B><FONT SIZE=1><P ALIGN="CENTER">Maryland</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">0-24568</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">65-0503831</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(State or other jurisdiction</P>


<P ALIGN="CENTER">of incorporation)</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(Commission File Number)</B></FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(IRS Employer</P>


<P ALIGN="CENTER">Identification No.)</B></FONT></TD>


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<FONT SIZE=1><P>&nbsp;</P>


</FONT><B><FONT SIZE=1><P ALIGN="CENTER">306 Royal Poinciana Way</P>


<P ALIGN="CENTER">Palm Beach, Florida 33480</P>


<P ALIGN="CENTER">(Address and zip code of</P>


<P ALIGN="CENTER">principal executive offices)</P>


</B></FONT><FONT SIZE=1><P>&nbsp;</P>


<B><P ALIGN="CENTER">Registrant's telephone number, including area code: (561) 835-1800</P>


</B><P>&nbsp;</P>


</FONT><FONT SIZE=1><P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>


</FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><FONT SIZE=1><P>[ ]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>


</FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><FONT SIZE=1><P>[ ]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>


</FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><FONT SIZE=1><P>[ ]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>


</FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><FONT SIZE=1><P>[ ]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>


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<P><A NAME="id_3"><A NAME="id_4"></A></A></P>


</FONT><B><FONT SIZE=1><P>Item 1.01. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement.</P>


</B></FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><FONT SIZE=1><P>&#9;On January 18, 2006,  the Company entered into an amendment of an Option Agreement, dated as of February 6, 1996 (&quot;Agreement&quot;), between the Company and Jeffrey H. Fisher, under which Mr. Fisher may acquire up to 156,000 Common Shares of the Company in exchange for payment of $9.75 per share.  Mr. Fisher is the Company's Chairman of the Board, Chief Executive Officer and President.  The amendment extended the expiration date of the Agreement from February 6, 2006 to April 6, 2006.  No other terms of the Agreement were affected.  </FONT><FONT SIZE=1>&nbsp;&nbsp;<A NAME="id_5"><A NAME="id_6"></A></A></P>





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<P><A NAME="id_7"><A NAME="id_8"></A></A></P>


</FONT><B><FONT SIZE=1><P ALIGN="CENTER">SIGNATURE</P>


</B></FONT><FONT SIZE=1><P>&nbsp;</P>


</FONT><FONT SIZE=1><P>Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>


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<B><FONT SIZE=1><P>INNKEEPERS USA TRUST</P>


<P>(Registrant)</B></FONT></TD>


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<FONT SIZE=1><P>Date: January 18,  2006</FONT></TD>


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<FONT SIZE=1><P>By:</FONT></TD>


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<FONT SIZE=1><P>/s/ Mark A. Murphy</P>


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<FONT SIZE=1><P>Mark A. Murphy</P>


<P>General Counsel and Secretary</FONT></TD>


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<P>v:\user\mark\option amendment.doc</P></FONT></BODY>


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[{"type": "8-K", "sequence": "1", "filename": "rrd103941.htm", "secsgml_size_bytes": 8824}]
{"company-data": {"conformed-name": "INNKEEPERS USA TRUST/FL", "cik": "0000926866", "assigned-sic": "6798", "irs-number": "650503831", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12201", "film-number": "06535887"}, "business-address": {"street1": "306 ROYAL POINCIANA PLZ", "street2": "STE 100", "city": "PALM BEACH", "state": "FL", "zip": "33480", "phone": "5612271331"}, "former-company": {"former-conformed-name": "INNKEEPERS USA TRUST", "date-changed": "19940714"}}
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: January 18, 2006
INNKEEPERS USA TRUST
(Exact name of registrant as specified in its charter)
Maryland
0-24568
65-0503831
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
306 Royal Poinciana Way
Palm Beach, Florida 33480
(Address and zip code of
principal executive offices)
Registrant's telephone number, including area code: (561) 835-1800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.         Entry into a Material Definitive Agreement.
On January 18, 2006,  the Company entered into an amendment of an Option Agreement, dated as of February 6, 1996 ("Agreement"), between the Company and Jeffrey H. Fisher, under which Mr. Fisher may acquire up to 156,000 Common Shares of the Company in exchange for payment of $9.75 per share.  Mr. Fisher is the Company's Chairman of the Board, Chief Executive Officer and President.  The amendment extended the expiration date of the Agreement from February 6, 2006 to April 6, 2006.  No other terms of the Agreement were affected.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
INNKEEPERS USA TRUST
(Registrant)
Date: January 18,  2006
By:
/s/ Mark A. Murphy
Mark A. Murphy
General Counsel and Secretary
v:\user\mark\option amendment.doc