,622 (49) 3 Complimentary Rooms 15 8 20 7 (5) Guests 2,134 2.203 2.143 (69) (9) Average Room Rate 23152 214.60 201.99 1711 29.83 RevPar 136.27 129.38 118.88 6.89 17.39 REVENUE Rooms 380,180 360,964 331,668 19216 5.3% 18,512 144% Food le Beverage 123,751 126,140 122,1

mand) 51,145,860 $1,186,924 3.58% Occupancy 64.5% 67.8% 3.29% Room Revenues $352,268,119 $366,739,620 4.11% ADR $307.43 $308.98 0.51% RevPar S198.37 $209.53 5.63% Rooms in Active Pipeline 12/31 0 453 Note: Values in United States Dollars Source: Smith Travel Research: Note: Samole

e yield 2.697% vs 3.972% on June 13, btc 1.55x vs 1.73x prior). A few corporate highlights worth noting overnight: Marriot inline but international RevPar disappoints, Infosys cutting forecast which is dragging down other IT/software names in Europe, and a £3.16 billion takeout in the UK media space w

ers Production Manager 2006 61 $778M $12.7M 2007 56 $793M $14.1M 2008 51 $737M $14.4M PARR HYAT P• ANdnz. 11,A,T ER' EFTA00607986 RevPar Index Change RevPar Index Change in Re-flagged Hotels Former conversion RevPar Index Hotel Brand of Rooms Year Growth Boston ISwissotel 4