8© KELCO Management & Development, Inc. All rights reserved.

EXCEEDING NEEDS is our Business

Hotel Property Location # of Rooms

Holiday Inn Sheffield 206Holiday Inn Birmingham 143Holiday Inn Muscle Shoals 206

OMNI Hotel San Diego 450Ramada Inn Airport North Culver City 223Ramada Inn Beverly Hills 216Ramada Inn Airport Los Angeles 153Ramada Inn Airport South Carson 141Ramada Inn Fisherman’s Wharf San Francisco 254Holiday Inn Anaheim 247Holiday Inn Torrance 260Holiday Inn Ventura 240Holiday Inn Modesto 180Holiday Inn Stockton 129Holiday Inn Anaheim 280Holiday Inn Brentwood 260Holiday Inn Costa Mesa 159Ramada Inn San Jose 139Ramada Inn Airport San Francisco 149Ramada Inn Palm Springs 119

Holiday Inn Golden 239

Days Inn Norwalk 120Ramada Inn Hartford 260

Royce Hotel Ft. Lauderdale 224Hilton Inn—Palm Beach Singer Island 126Royce Hotel West Palm Beach 208Diplomat Hotel & Country Club Hollywood Beach 1,100Eden Roc Resort Miami Beach 351Grand Prix Hotel Miami Beach 152Howard Johnson Miami Beach 150Turnberry Isle Yacht & Country Club Aventura 360PMNI Hotel Orlando 290Howard Johnson/Conference Center Daytona Beach 323Ramada Inn Boynton Beach 127Days Inn Vera Beach 232Ramada Inn Lakeland 129Casa Del Mar Resort Daytona Beach 160Sheraton Hotel & Resort Vero Beach 140Hilton Gainesville 225Howard Johnson Golden Glades 207Embassy Suites Miami Int’l Airport Miami 318Embassy Suites/Crown Sterling Suites Ft. Lauderdale 347David Williams Condominium/Hotel Coral Gables 2098801 Collins Hotel & Resort Miami Beach 110

State

Alabama

California

Colorado

Connecticut

Florida

HOTEL MANAGEMENT EXPERIENCE (page 1)

9© KELCO Management & Development, Inc. All rights reserved.

EXCEEDING NEEDS is our Business

Hotel Property Location # of Rooms

Holiday Inn Brunswick 126Holiday Inn Jekyll Island 205Atlanta Terrace Hotel Hopeville 110Holiday Inn Select Peachtree Corners NorcrossHampton Inn Downtown Atlanta

Ramada Inn Airport Honolulu 169

Holiday Inn Bloomington 140Ramada Inn Bloomington 190Rodeway Inn East Indianapolis 110Holiday Inn Columbus 193Holiday Inn Indianapolis 276Howard Johnson Richmond 97

Westmark Inn Des Moines 200

Royce Hotel Louisville 150Hospitality Motor Inn Lexington 150Holiday Inn Louisville 289Ramada Inn East Lexington 129Ramada Inn West Lexington 229

Ramada Inn Baton Rouge 292Sheraton Inn Kenner 250Radisson Inn New Orleans 759Best Western Downtown New Orleans 205

Ramada Inn Bangor 139

Ramada Inn Bethesda 159

Comfort Inn Chicopee 100Ramada Inn Airport Boston 247Ramada Inn Chicopee 129

Detroit Airport Hilton Troy 270Hospitality Motor Inn Grand Rapids 150Michigan Inn Southfield 412Northfield Hilton Inn Troy 198Southfield Hilton Inn Southfield 388Troy Hilton Inn Troy 401Days Inn Ann Arbor 124Sheraton Saginaw 156Hilton Inn Northfield 175Sheraton Kalamazoo 156Sheraton Ann Arbor 197Howard Johnson Ann Arbor 123

State

Georgia

Hawaii

Indiana

Iowa

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

HOTEL MANAGEMENT EXPERIENCE (page 2)

10© KELCO Management & Development, Inc. All rights reserved.

EXCEEDING NEEDS is our Business

Hotel Property Location # of Rooms

Marriott Ann Arbor 187Hilton Inn Lansing 253Ramada Inn Ann Arbor 129Ramada Inn East Lansing 139

McGuires Inn Arden Hills 157

Holiday Inn Airport Kansas City 200Sheraton Downtown Kansas CityRamada Inn Airport St. Louis 230

Ramada Inn Hotel & Casino Reno 159

Ramada Inn Dover 131

Governor Morris-Royce Hotel Morristown 202Days Inn Rutherford 87Cherry Hill Inn Cherry Hill 310

Sheraton LaGuardia Airport East Elmhurst 288Ramada Inn Airport Rochester 145San Carlos Apartment Hotel NYC 150Carriage House Hotel NYC 160

Holiday Inn DurhamHoliday Inn West Durham 167Durham Hilton DurhamHoliday Inn Fayetteville 201Holiday Inn North Raleigh 272Holiday Inn Raleigh 203Holiday Inn Downtown RaleighSea Trail Golf Resort (Condominium/Resort) Sunset Beach

Hospitality Motor Inn Willoughby 150Sheraton Sandusky 150Holiday Inn Dayton Mall 197Ramada Inn Dayton South 203Holiday Inn Columbus-OSU 243Holiday Inn Beachwood 169Holiday Inn Randall Park 278Holiday Inn Mayfield 123Clarion East Lake 102Hilton Inn Cleveland 197Sheraton Canton 156Ramada Inn Airport Cleveland 143Ramada Inn North Cleveland 129Ramada Inn Downtown Dayton 220Ramada Inn Airport Dayton 129Ramada Inn Sharonville 240

State

Michigan (cont’d)

Minnesota

Missouri

Nevada

New Hampshire

New Jersey

New York

North Carolina

Ohio

HOTEL MANAGEMENT EXPERIENCE (page 3)

11© KELCO Management & Development, Inc. All rights reserved.

EXCEEDING NEEDS is our Business

Hotel Property Location # of Rooms

Holiday Inn Greentree Pittsburgh 205Holiday Inn Center City Harrisburg 261Holiday Inn McKnight Road Pittsburgh 147Holiday Inn Meadowlands Washington 136Holiday Inn Monroeville 190Holiday Inn Parkway East Pittsburgh 155Holiday Inn Parkway West Oakdale 190Holiday Inn Northeast Philadelphia 117Holiday Inn Bristol Levittown 118Philadelphia Airport Hilton Philadelphia 238Holiday Inn Airport Coraopolis 257Sheraton Inn on the Mall Pittsburgh 200Westin William Penn Hotel Pittsburgh 550Sheraton Airport Pittsburgh 145Holiday Inn North Hills Pittsburgh 63Sheraton Buck County 167Ramada Inn Erie 130Ramada Inn Airport Philadelphia 269Ramada Inn York 129

Holiday Inn Hilton Head 200Hilton Head Inn Hilton Head 202Holiday Inn Florence 224Augusta Terrace Hotel Clearwater 60Quality Inn Downtown FlorenceHoliday Inn Northeast ColumbiaSheraton Swamp Fox Inn FlorenceDays Inn Florence

Days Inn Airport Memphis 150Ramada Inn Airport Memphis 123

Astro Village Complex—Astro Hotel, Astro Lodge, Houston 905 Astro Holiday Inn and Days Inn AstroHoliday Inn Lufkin 208Holiday Inn Nacogdoches 169Holiday inn Tyler 160Sheraton Crowne Hotel Houston 449Ramada Inn North Dallas 175Best Western Lubbock 210Holiday Inn College Station 129Ramada Inn Longview 139

Holiday Inn Salt Lake City 290

Holiday Inn Central Richmond 160Holiday Inn North Richmond 190Royce Hotel Williamsburg 309Ramada Inn Lynchburg 119

State

Pennsylvania

South Carolina

Tennessee

Texas

Utah

Virginia

HOTEL MANAGEMENT EXPERIENCE (page 4)

12© KELCO Management & Development, Inc. All rights reserved.

EXCEEDING NEEDS is our Business

Hotel Property Location # of Rooms

Divi Little Bay Beach Resort St. MaartenDivi Southwinds Beach Resort BarbadosDivi Heritage Beach Resort BarbadosDivi Village Golf & Beach Resort ArubaDivi Aruba Phoenix Beach Resort ArubaDivi Dutch Village Beach Resort ArubaDivi Flamingo Beach Resort & Casino BonaireDivi Tiara Beach Resort Cayman BracDivi Carina Bay Beach Resort & Casino USVIDivi Aruba All Inclusive ArubaDivi Tamarijn All Inclusive Aruba

International

HOTEL MANAGEMENT EXPERIENCE (page 5)