# OF ESTIMATED BUYER SELLER ROOMS SALES...

1

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684

E. [email protected]

WWW.LWHOSPITALITYADVISORS.COM

Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the

data. Use of this information without verification from original sources is at your own risk.

- 2015

Q PROPERTY LOCATION# OF

ROOMS

ESTIMATED

SALES PRICE

ESTIMATED

PRICE/ROOMBUYER SELLER

200 WEST 41ST STREET SUITE 805

NEW YORK, NY 10036

Q2 Birmingham Marriott Birmingham AL 295 $30,200,000 $102,373 Lone Star Funds Vulcan Hotel LLC

Q1 Aloft Birmingham SoHo Square Homewood AL 111 $16,300,000 $146,847 Island Hospitality Homewood Hotel Assoc. LLC

Q1 Hermosa Inn Paradise Valley AZ 34 $18,750,000 $551,471 Allred Capital LLC JV Hermosa Inn Restaurant LLC & National

Western Capital Corp.

Q2 Chaparral Suites Resort Scottsdale AZ 312 $34,000,000 $108,974 Snyder Nationwide Real Estate JV Silverfam L.P. & Chaparral Associates Inc.,

Q1 The Phoenician Scottsdale AZ 643 $400,000,000 $622,084 Host Hotels & Resorts Starwood Hotels & Resorts Worldwide, Inc.

Q3 Holiday Inn Express Hotel & Suites Tempe AZ 128 $11,080,000 $86,563 JV PacVentures & RAR Hospitality Koehler Hospitality

Q2 Cypress Hotel Cupertino CA 224 $112,000,000 $500,000 Hilton Worldwide Holdings Inc. N/A

Q3 Hotel Durant Berkeley CA 143 $47,000,000 $328,671 AJ Capital Partners Gemstone Hotels and Resorts

Q1 SLS Beverly Hills Beverly Hills CA 297 $195,000,000 $656,566 Sunrider International SBE

Q3 Ventana Inn & Spa Big Sur CA 59 $80,150,000 $1,358,475 JV Geolo Capital II LP & Wanxiang

America Real Estate Group, LLC

JV Oaktree Capital & Walton Street Capital

Q3 Courtyard Los Angeles Burbank Airport Burbank CA 190 $54,000,000 $284,211 Apple Hospitality REIT Inc. Huntington Hotel Group

Q3 SpringHill Suites by Marriott Burbank CA 170 $60,000,000 $352,941 Apple Hospitality REIT Inc. R.D. Olson Development

Q2 Hampton Inn Cypress CA 110 $20,000,000 $181,818 Apple Hospitality REIT, Inc. N/A

Q2 Shorebreak Hotel Huntington Beach CA 157 $58,500,000 $372,611 DiamondRock Hospitality Company N/A

Q1 Hyatt Regency La Jolla at Aventine La Jolla CA 417 $118,000,000 $282,974 JV Walton Street Capital & JMA

Ventures

JV Strategic Hotels & Resorts & Walton Street

Capital & Government of Singapore

2

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED



NEW YORK, NY 10036

Q2 Montage Laguna Beach Laguna Beach CA 250 $360,000,000 $1,440,000 Strategic Hotels & Resorts, Inc. Ohana Real Estate Investors LLC

Q3 Residence Inn Palo Alto Los Altos Los Altos CA 156 $70,000,000 $448,718 RLJ Lodging Trust N/A

Q2 Malibu Beach Inn Malibu CA 47 $80,000,000 $1,702,128 Mani Brothers Real Estate Group David Geffen

Q3 Hilton Garden Inn Marina Del Rey Marina Del Rey CA 134 $44,500,000 $332,090 Chatham Lodging Trust N/A

Q3 Holiday Inn Express Mill Valley CA 100 $28,000,000 $280,000 Terrapin Investment & Management

Co.

JV Ultima Hospitality & Argosy Real Estate

Q3 TownePlace Newark Suites Hotel Newark CA 125 $24,500,000 $196,000 Holiday Garden SF Corp. Moody National REIT I, Inc.

Q1 Oakland Marriott City Center Oakland CA 489 $84,000,000 $171,779 JV DiNapoli Capital Partners &

Apollo Global Management

CIM Group

Q1 Holiday Inn Express Hotel Ontario CA 120 $14,000,000 $116,667 SLK Capital LLC GPT Desert Developers LLC

Q2 Embassy Suites Anaheim - Orange Orange CA 230 $48,400,000 $210,435 Archon Group Lehman Brothers

Q3 Riviera Palm Springs Palm Springs CA 398 $44,000,000 $110,553 Apollo Global Management Noble House Hotels & Resorts

Q3 Epiphany Hotel Palo Alto CA 86 $71,600,000 $832,558 PA Hotel Holdings LLC (Larry

Ellison)

Angelo, Gordon & Co.

Q2 Westin Pasadena Pasadena CA 350 $142,500,000 $407,143 Carey Watermark Investors HEI Hotels & Resorts

Q3 Citizen Hotel Sacramento CA 198 $60,000,000 $303,030 Platinum Equity Cal West Partners

Q1 Declan Suites San Diego CA 264 $50,030,000 $189,508 Marriott Ownership Resorts Inc. NOIRO West LLC

Q2 Residence Inn San Diego Downtown-

Gaslamp Quarter

San Diego CA 240 $90,000,000 $375,000 Chatham Lodging Trust J Street Hospitality

3

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED



NEW YORK, NY 10036

Q2 Doubletree San Diego-Hotel Circle San Diego CA 219 $49,250,000 $224,886 Oak Coast Properties Tarsadia Hotels

Q3 Courtyard San Diego Central San Diego CA 245 $56,000,000 $228,571 Apple Hospitality REIT, Inc. Huntington Hotel Group

Q3 DoubleTree by Hilton San Diego Del Mar San Diego CA 240 $40,000,000 $166,667 Southwest Value Partners Fillmore Capital

Q3 Hotel Z San Diego CA 96 $34,500,000 $359,375 Columbia West Properties, Inc. J Street Hospitality, Inc.

Q1 Westin Market Street San Francisco CA 681 $350,000,000 $513,950 LaSalle Hotel Properties N/A

Q2 Tuscan Fisherman’s Wharf, a Best

Western Plus Hotel

San Francisco CA 221 $122,000,000 $552,036 Pebblebrook Hotel Trust N/A

Q2 Holiday Inn San Jose - Airport San Jose CA 354 $53,500,000 $151,130 Aju Hotels and Resorts Pacifica Companies

Q2 Bardessono Hotel & Spa Yountville CA 62 $85,000,000 $1,370,968 Ashford Hospitality Prime Yountville Investors, LLC

Q4 Hyatt Regency Orange County Garden Grove CA 656 $137,000,000 $208,841 SCG America Xenia Hotels & Resorts, Inc.

Q4 Courtyard Long Beach Airport Long Beach CA 159 $40,000,000 $251,572 JV Chartres Lodging Group LLC &

Artemis Real Estate Partners

Nexus Development Corporation

Q4 Azul Inn West Los Angeles Los Angeles CA 56 $14,500,000 $258,929 JV Excel Hotel Group & American

Pacific Homes Inc.

Beccaria Partners

Q4 Hotel Los Gatos Los Gatos CA 72 $28,750,000 $399,306 Greystone Hotels Pinn Brothers Construction

Q4 Sofitel San Francisco Bay Redwood City CA 421 $154,500,000 $366,983 CBRE Strategic Partners U.S. Value

7

JV Prudential Real Estate Investors & Lodging

Capital Partners

Q4 San Diego Airport Hilton San Diego CA 211 $37,700,000 $178,673 Bartell Hotels Square Mile Capital Management LLC

Q4 Fairmont San Francisco San Francisco CA 592 $450,000,000 $760,135 Mirae Asset Global Investments JV Oaktree Capital Management, Kingdom

Holding Company, Woodridge Capital Partners

4

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED


1) Property approved for 168 room expansion.


NEW YORK, NY 10036

Q4 Sheraton Sunnyvale Hotel1 Sunnyvale CA 174 $100,000,000 $574,713 Starwood Capital Group Goldman Sachs Group

Q1 Hotel Jerome Aspen CO 93 $70,000,000 $752,688 Iconic Properties DRW Real Estate

Q3 Bronco Billy's Casino and Hotel Cripple Creek CO 24 $30,000,000 $1,250,000 Full House Resorts Pioneer Group, Inc.

Q2 Crowne Plaza Denver Downtown Denver CO 364 $77,250,000 $212,225 Hospitality Properties Trust N/A

Q3 Element Denver Park Meadows Hotel Lone Tree CO 123 $15,500,000 $126,016 Denver Hospitality II, LLC Starwood Hotels & Resorts Worldwide, Inc.

Q4 Embassy Suites by Hilton Denver Denver CO 403 $170,000,000 $421,836 Carey Watermark Investors 2 Cornerstone Real Estate Advisors

Q4 Inverness Hotel and Conference Center Englewood CO 302 $58,300,000 $193,046 Silverwest Hotels LLC Pennsylvania State Teachers Retirement Fund

Q2 Inn at Middletown Middletown CT 100 $10,300,000 $103,000 LinChris Hotel Corp. Middletown Hotel Associates

Q1 Westport Inn Westport CT 117 $14,500,000 $123,932 Building and Land Technology Ranger Properties,

Q3 Hyatt Place DC / Downtown / K Street Washington DC 164 $68,000,000 $414,634 RLJ Lodging Trust JV Songy Highroads LLC & Elliott

Management Corp.

Q3 Washington Marriott Georgetown Washington DC 470 $113,000,000 $240,426 Geller Investment Co. Rockpoint Group LLC

Q2 St. Gregory Hotel & Suites Washington, DC DC 155 $57,000,000 $367,742 Hersha Hospitality Trust N/A

Q4 The Quincy Hotel Washington DC 99 $22,500,000 $227,273 JV Red Lion Hotels Corp. &

Shelbourne Capital

Modus Hotels

Q2 Hilton Clearwater Beach Clearwater FL 416 $134,000,000 $322,115 Columbia Sussex Group Blackstone Group

Q3 Las Palmas Hotel & Suites Doral FL 103 $15,900,000 $154,369 Schulte Hospitality Group Baywood Hotels

5

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED


2) Hotel was closed at the time of sale. 3) Property was sold as part of an assemblage for the planned Four Seasons Hotel and Residences.


NEW YORK, NY 10036

Q3 Las Palmas Hotel & Suites Doral FL 103 $15,900,000 $154,369 Schulte Hospitality Group Baywood Hotels

Q2 Hampton Inn Fort Lauderdale Downtown

Las Olas

Fort Lauderdale FL 156 $23,000,000 $147,436 Apple Hospitality REIT City Center Hotel Group

Q2 Renaissance Fort Lauderdale Cruise Port

Hotel

Fort Lauderdale FL 236 $48,100,000 $203,814 Noble Investment Group Westbrook Partners

Q3 Tropic Cay Hotel 2 Fort Lauderdale, FL 43 $10,000,000 $232,558 MW Lauderdale N/A

Q2 Hampton Inn & Suites Gainesville Gainesville FL 124 $25,300,000 $204,032 Ashford Hospitality Trust N/A

Q1 Lodge at Gainesville Gainesville FL 208 $12,100,000 $58,173 CrossHarbor Capital Partners LLC N/A

Q1 Howard Johnson Hotel Hialeah FL 259 $21,900,000 $84,556 LinChris Hotel Corporation Biscayne Atlantic Services LLC

Q1 Howard Johnson Plaza Hotel – Miami

Airport

Hialeah Gardens FL 259 $21,900,000 $84,556 Linchris Hotel Corp GW Hialeah Hotel

Q1 Hyatt Place Jacksonville Airport Jacksonville FL 127 $10,750,000 $84,646 BPR Properties Peachtree Hotel Group

Q2 Sheraton Jacksonville Hotel Jacksonville FL 159 $15,800,000 $99,371 Peachtree Hotel Group N/A

Q2 Marker Waterfront Resort Key West FL 96 $96,300,000 $1,003,125 LaSalle Hotel Properties Northwood Investors

Q3 Sheraton Suites Key West Key West FL 184 $94,000,000 $510,870 DiamondRock Hospitality Co. Ocean Properties

Q2 Keys Bay Colony Resort 3 Marathon FL 80 $10,500,000 $131,250 Baywood Hotels, Inc. Peebles Corporation

Q1 Sheraton Miami Airport Hotel and

Executive Center

Miami FL 405 $42,300,000 $104,444 Dune Real Estate Partners Thayer Lodging

Q3 Hotel Indigo Miami FL 120 $18,630,000 $155,250 Integrated Capital LLC JV Carlyle Group and Rodblu Investment Fund

1

6

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED



NEW YORK, NY 10036

Q2 Holiday Inn Express Miami Airport Doral

Area

Miami FL 103 $15,900,000 $154,369 Schulte Hospitality Group Baywood Hotels

Q1 James Royal Palm Miami Beach FL 393 $278,000,000 $707,379 Chesapeake Lodging Trust KSL Capital Partners

Q1 Clinton Hotel Miami Beach FL 88 $28,500,000 $323,864 Think Hotel Group East Coast Realty Ventures

Q2 SLS Hotel South Beach Miami Beach FL 140 $125,000,000 $892,857 GoldenPeak Capital Real Estate JV CIM Group& SBE Entertainment

Q2 Hilton Garden Inn Ft Lauderdale SW/

Miramar

Miramar FL 149 $22,000,000 $147,651 Schulte Hospitality Group MEI Hotels

Q2 Doubletree by Hilton Orlando at SeaWorld Orlando FL 1102 $55,000,000 $49,909 AWH Orlando Property LLC UrbanAmerica Advisors LLC

Q1 WOW Resort Universal Studios Orlando FL 334 $11,200,000 $33,533 N/A N/A

Q3 Holiday Inn Orlando International Airport Orlando FL 288 $14,000,000 $48,611 JHM Hotels FelCor Lodging Trust

Q3 Residence Inn Fort Lauderdale Pompano

Beach/Oceanfront

Pompano Beach FL 88 $24,800,000 $281,818 Claremont Cos. MIC Atlantis LLC

Q1 Holiday Inn Hotel & Suites Sunrise FL 300 $10,500,000 $35,000 Sawgrass Grand Fee Owner Latitude Management Real Estate Investors

Q1 Hilton Garden Inn Tampa North Temple Terrace FL 148 $11,150,000 $75,338 JV Excel Group & Westport Capital

Partners LLC

Torchlight Loan Services LLC

Q4 Hilton Daytona Beach Resort Ocean Walk

Village

Daytona Beach FL 744 $92,250,000 $123,992 Starwood Capital Group LNR Partners LLC

Q4 Holiday Inn Express & Suites Miami-

Hialeah (Miami Lakes)

Hialeah FL 146 $12,000,000 $82,192 Burlington Hospitality Inc. Sound Hospitality

Q4 Holiday Inn Port Of Miami-Downtown Miami FL 200 $65,000,000 $325,000 340 Biscayne Owner, LLC Marina Park Inn, LLC

Q4 Coco Key Hotel & Water Resort Orlando FL 393 $15,100,000 $38,422 InSite Group CNL Lifestyle Properties

7

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED


4) Hotel was closed at the time of sale.


NEW YORK, NY 10036

Q4 Crowne Plaza Orlando Lake Buena Vista Orlando FL 241 $27,800,000 $115,353 TD Lake Buena Vista Hotel LLC Alena Hospitality LBV LLC

Q4 Renaissance by Marriott Orlando

Downtown4

Orlando FL 291 $12,630,000 $43,402 JV AFP 109 Corp. and FAE Holdings Alena Hospitality LLC

Q4 Aloft Tampa Downtown Tampa FL 130 $30,000,000 $230,769 Pharos CB Hospitality, LLC Liberty Tampa Investments, LLC

Q4 Best Western Bay Harbor Tampa FL 261 $34,500,000 $132,184 Equity Management Partners Oxford Capital Group

Q4 Sheraton Riverwalk Tampa Tampa FL 277 $32,800,000 $118,412 Insite Group Goldman Sachs Group

Q1 W Atlanta Downtown Atlanta GA 237 $56,800,000 $239,662 Ashford Hospitality Trust, Inc. N/A

Q3 DoubleTree by Hilton Atlanta Downtown Atlanta GA 312 $42,100,000 $134,936 Legacy Property Group Blackstone Group LP

Q3 Holiday Inn Express Augusta East Augusta GA 118 $10,300,000 $87,288 Narayan Augusta Hotel LLC N/A

Q4 Hilton Atlanta Atlanta GA 1242 $146,000,000 $117,552 255 Courtland LLC JV Westmont Hospitality Group & Ivanhoé

Cambridge

Q4 Hotel Indigo Atlanta Midtown Atlanta GA 140 $26,400,000 $188,571 Ashford Hospitality Trust N/A

Q2 Fairmont Orchid, Hawaii Waimea HI 540 $220,000,000 $407,407 Mirae Asset Global Investments JV Oaktree Capital Management & Woodridge

Capital Partners

Q2 Hampton Inn Des Moines-Airport Des Moines IA 120 $10,900,000 $90,833 Lightstone Value Plus Real Estate

Investment Trust III, Inc.

N/A

Q1 Waldorf Astoria Chicago IL 188 $113,000,000 $601,064 JV Wanxiang America Real Estate

Group & Geller Investment

Zell Credit Opportunity Master Fund LP

Q3 Talbott Hotel Chicago IL 149 $50,000,000 $335,570 Basil Kromelow JV Sterling Bay & Conlon & Co.

Q2 Westin Hotel Itasca IL 408 $27,000,000 $66,176 GF Management Blackstone Group

8

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED


5) Property was sold as part of an assemblage for the planned Four Seasons Hotel and Residences.

.


NEW YORK, NY 10036

Q2 Westin Hotel Itasca IL 408 $27,000,000 $66,176 GF Management Blackstone Group

Q2 Hyatt Lisle Lisle IL 316 $18,900,000 $59,810 VinaKom Communications JV Ares Management & Aimbridge Hospitality

Q2 Holiday Inn Hotel & Suites Chicago-O'Hare Rosemont IL 300 $35,500,000 $118,333 Hospitality Properties Trust N/A

Q4 Hilton Orrington Evanston IL 269 $60,000,000 $223,048 Olshan Properties JVCarlyle Group & Dow Hotel Company

Q4 Westin O'Hare Rosemont IL 525 $82,000,000 $156,190 Clarion Partners Clearview Hotel Capital

Q1 Hyatt Regency Indianapolis Indianapolis IN 499 $71,000,000 $142,285 JV Silverpeak Real Estate Partners

& Davidson Hotels & Resorts

Hyatt Hotels Corporation

Q3 Comfort Suites Newport Newport KY 124 $11,132,500 $89,778 JV Banyan Investment Group &

Investra Investments

Musselman Hotels

Q3 New Orleans Marriott Metairie Lakeway Metairie LA 220 $24,500,000 $111,364 Garrison Investment Group Fillmore Capital Partners, LLC

Q2 Le Pavillon Hotel New Orleans LA 226 $62,500,000 $276,549 Ashford Hospitality Trust, Inc. Brothers Property Corp.

Q3 AC Hotel New Orleans Bourbon/French

Quarter Area

New Orleans LA 220 $60,000,000 $272,727 Pacific Hospitality Group NewCrestImage LLC

Q4 Queen & Crescent Hotel New Orleans LA 196 $51,200,000 $261,224 JV KBS Strategic Opportunity REIT

II Inc. & EH Q&C LLC

JV Northview Hotel Group & Apollo Global

Management

Q2 Fairmont Battery Wharf Hotel Boston MA 150 $48,600,000 $324,000 JV Westmont Hospitality Group &

Bestford Hospitality Group

N/A

Q2 Hampton Inn Boston Boston MA 227 $57,000,000 $251,101 Moody National REIT I, Inc. N/A

Q3 Hotel Commonwealth5 Boston MA 149 $136,000,000 $912,752 Xenia Hotels & Resorts, Inc. JV Sage Hospitality & Fundamental Advisors

LP

Q2 Sheraton Needham Hotel Needham MA 247 $54,000,000 $218,623 Ultima Hospitality Host Hotels & Resorts

9

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED


6) Hotel scheduled to open winter 2015/16; transaction encompassed a sale lease/management back structure.

.


NEW YORK, NY 10036

Q2 Hampton Inn Boston-Norwood Norwood MA 139 $24,000,000 $172,662 Summit Hotel Properties, Inc. JV First Bristol Corp. & Saunders Hotel Group

Q3 Doubletree Westborough Westborough MA 223 $28,000,000 $125,561 Ultima Hospitality Investcorp

Q4 Ames Hotel Boston MA 114 $53,250,000 $467,105 JV Gencom Group & Gemstone

Hotels & Resorts

JV Normandy Real Estate Partners &

Contrarian Capital Management

Q4 Godfrey Hotel6 Boston MA 242 $173,900,000 $718,595 Union Investment Real Estate JV Oxford Capital Group & Walton Street

Capital

Q4 Holiday Inn Express Hotel & Suites

Boston Garden

Boston MA 72 $24,500,000 $340,278 Bridgeton Holdings Gemini Real Estate Advisors

Q4 Boston Marriott Burlington Burlington MA 418 $94,200,000 $225,359 JV Pyramid Hotel Group & Crow

Holdings

Cornerstone Real Estate Advisers

Q4 Le Meridien Cambridge Cambridge MA 220 $83,100,000 $377,727 Junson Capital HEI Hotels & Resorts

Q4 Hilton Boston/Woburn Woburn MA 344 $32,100,000 $93,314 JV Davis Cos. & Rubicon Cos. Columbia Sussex Corp.

Q3 Residence Inn Baltimore Hunt Valley Hunt Valley MD 141 $31,000,000 $219,858 Summit Hotel Properties Inc. N/A

Q2 Crowne Plaza Minneapolis International

Airport-Mall of America Hotel

Bloomington MN 430 $30,000,000 $69,767 Keading Management JV Trinity Hotel Investors & BayNorth Capital

Q1 Westin Minneapolis Minneapolis MN 214 $66,400,000 $310,280 Carey Watermark Investors Inc. HEI Hotels & Resorts

Q1 Hampton Inn & Suites Minneapolis

Downtown

Minneapolis MN 211 $39,000,000 $184,834 Summit Hotel Properties, Inc. M.A. Mortenson

Q2 Four Points by Sheraton Minneapolis

Airport

Richfield MN 146 $12,500,000 $85,616 Gangl Hospitality N/A

Q4 DoubleTree by Hilton Hotel Minneapolis -

Park Place

Minneapolis MN 297 $37,320,000 $125,657 Mille Lacs Corporate Ventures Investcorp

Q3 Hotel Indigo Asheville Downtown Asheville NC 115 $33,000,000 $286,957 Summit Hotel Properties, Inc. Hospitality Lodging Investors, LP

10

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED


7) Hotel was closed at the time of sale. 8) Hotel was closed at the time of sale. 9) LVCVA plans to close the complex and raze the current structure to make way for a new 750,000 square foot convention exhibit space

that would extend the Las Vegas Convention.

.


NEW YORK, NY 10036

Q2 Courtyard by Marriott Chapel Hill NC 169 $28,100,000 $166,272 Noble Investment Group. Winston Hospitality

Q2 Embassy Suites Charlotte Charlotte NC 274 $32,000,000 $116,788 SREE Hotels LLC Felcor Lodging Trust

Q2 DoubleTree by Hilton Hotel Raleigh-

Durham Airport at Research Triangle Park

Durham NC 249 $33,000,000 $132,530 Southwest Value Partners Driftwood Hospitality Management

Q2 Embassy Suites Raleigh - Crabtree Raleigh NC 225 $22,000,000 $97,778 JHM Hotels FelCor Lodging Trust

Q3 Sheraton Raleigh Hotel Raleigh NC 353 $47,850,000 $135,552 Buccini/Pollin Group JV Oaktree Capital Management & Northview

Hotel Group

Q4 Brookwood Inn Durham NC 148 $10,200,000 $68,919 JV Concord Hospitality Enterprises

& Finvarb Group

Seagate Hospitality Group

Q3 Colonial Inn Concord NH 56 $12,100,000 $216,071 Michael & Dorothy Harrington Jurgen Demisch

Q1 Revel Casino Hotel 7 Atlantic City NJ 1399 $82,000,000 $58,613 Polo North Country Club Inc. Revel AC, Inc.

Q3 Showboat Casino Hotel 8 Atlantic City NJ 1300 $22,000,000 $16,923 Tower Investments, Inc. Stockton University

Q3 Residence Inn Bridgewater Branchburg Branchburg NJ 101 $25,700,000 $254,455 Summit Hotel Properties, Inc. N/A

Q2 Riviera Hotel & Casino 9 Las Vegas NV 2075 $182,500,000 $87,952 Las Vegas Convention and Visitors

Authority

Riviera Holdings Corporation

Q2 Hooters Casino Hotel Las Vegas NV 696 $53,800,000 $77,299 Trinity Hotel Investments Canyon Capital Advisors

Q2 Tropicana Hotel and Casino Las Vegas NV 1500 $360,000,000 $240,000 Penn National Gaming Inc. Onex Corp.

Q3 Renaissance Las Vegas Las Vegas NV 548 $125,000,000 $228,102 Wheelock Street Capital Jackson Shaw Company

Q4 Westin Lake Las Vegas Henderson NV 493 $25,000,000 $50,710 Pacifica Cos. N/A

11

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED



NEW YORK, NY 10036

Q2 Clarion Hotel La Guardia Airport East Elmhurst NY 172 $18,000,000 $104,651 9400 Realty, LLC LNR Property LLC

Q1 Holiday Inn Manhattan View Long Island City NY 136 $21,900,000 $161,029 U.S. Realty Advisors Queens Plaza North

Q1 Mondrian Soho New York NY 270 $200,000,000 $740,741 Sapir Organization Sochin Downtown Realty

Q2 Baccarat Hotel New York NY 114 $230,000,000 $2,017,544 Sunshine Insurance Group Co. JV Starwood Capital Group LLC & Tribeca

Associates

Q1 Herald Square Hotel New York NY 96 $38,500,000 $401,042 Mitchell Holdings Puchall Family

Q1 Marriott East Side New York NY 655 $270,000,000 $412,214 JV Ashkenazy Acquisition Corp. &

Deka Immobilien

Morgan Stanley

Q1 New York Palace Hotel New York NY 909 $805,000,000 $885,589 Lotte Group Northwood Investors

Q3 Element New York Times Square West New York NY 411 $163,500,000 $397,810 Ascott Residence Trust

Management Ltd

JV Magna Hospitality & Greenfield Partners

Q4 Hudson Valley Resort and Spa Kerhonkson NY 322 $13,800,000 $42,857 N/A Kennedy Funding Inc.

Q4 Panoramic View Resort & Residences Montauk NY 117 $63,900,000 $546,154 JV BLDG Management & Metrovest 93 Old Montauk Owners, Inc.

Q4 Best Western Plus Seaport Inn Downtown New York NY 72 $38,300,000 $531,944 Howard Hughes Corporation Gemini Real Estate Advisors

Q4 Carlton Hotel, Autograph Collection New York NY 317 $162,100,000 $511,356 GFI Capital Resources Group Wolfson Group

Q4 DoubleTree Suites by Hilton Hotel New

York City - Times Square

New York NY 468 $540,000,000 $1,153,846 Maefield Development Sunstone Hotel Investors Inc.

Q4 Jade Hotel Greenwich Village New York NY 113 $78,000,000 $690,265 Bridgeton Acquisitions LLC Gemini Real Estate Advisors

Q4 London Hotel New York NY 563 $382,000,000 $678,508 Abu Dhabi Investment Authority Blackstone Group

12

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED



NEW YORK, NY 10036

Q4 Martha Washington Hotel New York NY 256 $158,000,000 $617,188 CIM Group Chelsea Hotels

Q4 Wingate Manhattan New York NY 92 $37,200,000 $404,348 N.Y. Times Square Hotel Group Ocean King LLC

Q4 Wyndham Garden Flatiron District New York NY 124 $60,000,000 $483,871 Fortuna 37 West 24th Street LLC Gemini Real Estate Advisors

Q4 Inns at Armory Square Syracuse NY 180 $42,000,000 $233,333 Apple Hospitality REIT Inc. Inns at Armory Square LLC

Q3 Renaissance Cleveland Hotel Cleveland OH 491 $18,600,000 $37,882 Skyline International Development,

Inc.

CTF Development, Inc.

Q3 Hilton Garden Inn Cleveland Downtown Cleveland OH 240 $16,600,000 $69,167 JV Starwood Capital Group &

Schulte Hospitality Group, Inc.

N/A

Q1 Residence Inn Columbus Dublin Dublin OH 100 $11,150,000 $111,500 Schulte Hospitality Group Midas Hospitality LLC

Q4 Embassy Suites Columbus Columbus OH 221 $14,050,000 $63,575 JV Kana Hotel Group & Frontier

Development and Hospitality Group

RLJ Lodging Trust

Q4 Hilton Eugene Eugene OR 269 $44,000,000 $163,569 Rockbridge Capital Davidson Hotels & Resorts

Q3 Cambria Hotel & Suites Pittsburgh Pittsburgh PA 142 $16,750,000 $117,958 Meyer Jabara Hotels Horizon Properties

Q3 Hampton Inn Wyomissing PA 142 $16,000,000 $112,676 JV Wankawala Organization & Ayer

Capital Advisors

Blenheim Hospitality LLC

Q4 Radisson Philadelphia Northeast Trevose PA 274 $15,000,000 $54,745 TJM Atlantic City Haverford Hotel Partners LP

Q3 Hampton Inn & Suites

Greenville/Spartanburg I-85

Duncan SC 133 $11,325,000 $85,150 Daly Seven, Inc. Piedmont Hotel Group

Q2 Memphis Marriott East Memphis TN 232 $43,500,000 $187,500 Ashford Hospitality Trust, Inc. N/A

Q3 Crowne Plaza Memphis Downtown Memphis TN 230 $12,600,000 $54,783 CP Memphis Hotel LLC General Electric Real Estate Equities Inc.

13

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED



NEW YORK, NY 10036

Q1 Courtyard Nashville Downtown Nashville TN 192 $56,500,000 $294,271 Carey Watermark Investors 2 Inc. Worthington Hyde Partners

Q2 Embassy Suites Nashville Nashville TN 208 $66,300,000 $318,750 Moody National REIT I, Inc. N/A

Q4 Aloft Nashville West End Nashville TN 160 $34,750,000 $217,188 AIG Global Real Estate JV Winston Hotels & Archon Capital

Q1 Lakeway Resort & Spa Austin TX 168 $33,500,000 $199,405 Ashford Hospitality Trust JV Carlye Group & Dow Hotel Co.

Q2 Four Seasons Austin Austin TX 291 $197,000,000 $676,976 Strategic Hotels & Resorts Inc. JV Lodging Capital Partners & Prudential Real

Estate Investors

Q2 Homewood Suites by Hilton Austin-

South/Airport

Austin TX 96 $14,250,000 $148,438 Moody National REIT I, Inc. Alex. Brown Realty

Q1 Embassy Suites Hotel – San Antonio

Airport

San Antonio TX 261 $29,500,000 $113,027 N/A FelCor Lodging Trust Inc.

Q4 Residence Inn Austin-University Area Austin TX 112 $25,500,000 $227,679 Moody National REIT II, Inc. N/A

Q2 Holiday Inn at Hoffman Town Center 10 Alexandria VA 197 $17,700,000 $89,848 Wright Investment Properties Hoffman Co.

Q3 Homewood Suites by Hilton Richmond-

West End/Innsbrook

Glen Allen VA 123 $11,000,000 $89,431 Shamin Hotels Blackstone Group LP

Q4 Hyatt Fairfax at Fair Lakes Fairfax VA 316 $19,500,000 $61,709 Songy Highroads JBG Cos.

Q4 Ritz-Carlton, St. Thomas Saint Thomas VI 180 $64,000,000 $355,556 Ashford Hospitality Prime, Inc. Marriott International Inc.

Q1 Red Lion Hotel Bellevue Bellevue WA 181 $35,400,000 $195,580 Wig Properties Red Lion Hotels Corp.

Q2 Heathman Hotel Kirkland Kirkland WA 91 $17,500,000 $192,308 Beccaria Partners N/A

Q3 Homewood Suites Seattle/Lynnwood Lynnwood WA 170 $37,900,000 $222,941 RLJ Lodging Trust Legacy Hospitality Inc.

10) Hotel was closed at the time of sale.

14

DANIEL H. LESSER

PRESIDENT & CEO

T. 212.300.6684





- 2015


ROOMS

ESTIMATED

SALES PRICE

ESTIMATED



NEW YORK, NY 10036

Q1 Mayflower Park Hotel Seattle WA 160 $20,000,000 $125,000 JV Provenance Hotels & NBP

Capital

Temple De Hirsch Sinai

Q2 DoubleTree Milwaukee-Brookfield Brookfield WI 177 $10,200,000 $57,627 IPD Hospitality Inc. Aimbridge Hospitality

# OF ESTIMATED BUYER SELLER ROOMS SALES...

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