HOW TO DEVELOP A DUAL BRANDED PROPERTY ALIS 2015

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1 HOW TO DEVELOP A DUAL BRANDED PROPERTY ALIS 2015 Multi Branded Hotels Summary Existing Under Construction Approved to Open by 12/2018 Total Projects 1 Hotels Rooms Projects 1 Hotels Rooms Projects 1 Hotels Rooms Projects 1 Hotels Rooms Marriott , , , ,305 Hilton , , , ,011 IHG ,589 Hyatt ,312 Starwood , ,825 Choice Total , , , ,122 1) A fraction is the result of a project having multiple parent companies represented. For example White Lodging's Chicago River North project includes a brand from Hyatt (Hyatt Place), Starwood (Aloft), and Marriott (Fairfield Inn & Suites). Source: Representatives of the above parent companies. Information compiled by Kallenberger Jones & Co.

2 MARRIOTT Marriott Dual Branded Hotels JW Marriott 998 Ritz Carlton 584 1,582 Orlando FL 2003 Courtyard 270 Residence Inn Austin TX 2006 Courtyard 161 Residence Inn Montreal Canada 2006 Courtyard 120 Residence Inn Aberdeen MD 2007 SpringHill 253 Residence Inn Chicago IL 2008 SpringHill 198 Fairfield Louisville KY 2008 Courtyard 150 Fairfield Chandler AZ 2009 JW Marriott 879 Ritz Carlton 123 1,002 Los Angeles CA 2010 Courtyard 297 SpringHill Suites Indianapolis IN 2010 Renaissance 300 Residence Inn Arlington VA 2011 Courtyard N/A Residence Inn N/A 352 Munich Germany 2012 Courtyard N/A Residence Inn N/A 328 Calgary, AB Canada 2013 Courtyard 191 Residence Inn Houston TX 2013 Courtyard 102 Residence Inn Syracuse NY 2013 Courtyard 378 Residence Inn NY / Manhattan NY 2013 Courtyard 181 Towne Place Suite Grapevine TX 2013 Courtyard 174 Residence Inn Los Angeles CA 2014 Courtyard 135 Residence Inn Richmond VA 2014 Total 8,520 Marriott Dual Branded Hotels Under Construction Hotel A Rooms Hotel B Rooms Total City St/Cty Ex Open SpringHill 103 Residence Inn Nashville TN 2015 SpringHill 122 TownePlace Belingham WA 2015 Courtyard 143 Fairfield Inn NY / Queens NY 2015 Pre Existing CY/RI SpringHill Suites Houston TX 2015 Courtyard 120 Residence Inn Raleigh NC 2015 SpringHill 146 Residence Inn San Jose CA 2015 Courtyard 121 Residence Inn Calgary, AB Canada 2015 Courtyard 120 Residence Inn Phoenix AZ 2015 Courtyard 76 TownePlace Abilene TX 2015 Courtyard 102 Residence Inn Orlando FL 2015 Courtyard 147 Residence Inn Kansas City MO 2015 Courtyard 200 Residence Inn NY / Manhattan NY 2016 SpringHill 253 Residence Inn San Diego CA 2016 Ritz Carlton 201 Renaissance Haikou China 2016 Ritz Carlton 220 JW Marriott 1,060 1,280 Macau China 2016 Courtyard 264 Residence Inn Rio de Janeiro Brazil 2016 Total 5,488

3 HILTON Hilton Dual Branded Hotels HGI 183 Homewood Baltimore MD 2007 HGI 151 Homewood Arundel Mills MD 2008 Hampton 149 Homewood Silver Spring MD 2009 Hilton 1,000 Waldorf Astoria 500 1,500 Orlando FL 2009 HGI 122 Homewood Jacksonville FL 2009 Hampton 126 Homewood Toronto, ON Canada 2010 HGI 112 Homewood Rockville MD 2010 Hilton 249 HGI Frankfurt Germany 2011 HGI 136 Homewood Atlanta Midtown GA 2012 HGI 177 Homewood Shreveport LA 2012 Hilton 187 Hampton Bursa Turkey 2012 Hilton 142 Hampton Burton Upon Trent UK 2012 Hampton 98 Home2Suites Huntsville AL 2013 Hampton 120 Homewood Denver CO 2013 Hampton 135 Homewood Calgary, AB Canada 2014 Hampton 181 Homewood Halifax, NS Canada 2014 Hampton 225 Homewood Chicago IL 2014 HGI 155 Homewood Oklahoma City OK 2014 Total 6,323 Hilton Dual Branded Hotels Under Construction Hotel A Rooms Hotel B Rooms Total City St/Cty Ex Open Hampton 144 Homewood Cincinnati OH 2015 Hampton 125 Homewood Washington DC DC 2015 Hampton 144 Homewood Richmond VA 2015 HGI 198 Homewood Calgary, Alberta Canada 2016 HGI 132 Homewood Miami FL 2016 HGI 204 Homewood San Diego CA 2016 Hampton 150 Homewood Houston TX 2016 Total 1,894

4 IHG IHG Dual Branded Hotels Existing IHG Dual Branded Hotels Under Construction Crowne Plaza 360 Staybridge Suites Atlanta Georgia 2016 Hotel Indigo 134 Holiday Inn Express Austin TX 2016 Total 767 HYATT Hyatt Dual Branded Hotels Total Hyatt Dual Branded Hotels Under Construction Hotel A Rooms Hotel B Rooms Total City State Expected Opening Hyatt Place 248 Hyatt House Denver CO 2015 Hyatt Place 191 Hyatt House Charleston SC 2015 Total 665 STARWOOD Starwood Dual Branded Hotels Westin 262 Sheraton Changbaishan China 2012 Total 559 Starwood Dual Branded Hotels Under Contruction

5 CHOICE Choice Dual Branded Hotels Sleep Inn MainStay 80 Port St. Lucie FL 2013 Total 80 Choice Dual Branded Hotels Under Construction MULTIPLE BRANDS Multi Branded Hotels Mixed Parent Company Hotel A Rooms Hotel B Rooms Hotel C Rooms Total City St/Cty Year Open Hyatt Place 212 Aloft 272 Fairfield Chicago IL 2013 Total 664 Multi Branded Hotels Mixed Parent Company Under Construction Hotel A Rooms Hotel B Rooms Hotel C Rooms Total City St/Cty Year Open Total 0

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