to run Cloobeck Enterprises. Subsequently, he began to develop and manage timeshare resorts of his own with the help of high profile partners like Starwood Capital. In 2003, Steve sold the vast majority of his timeshare holdings to Marriott and spent the next few years looking for the "next big thing." In mid-

ART IIOWERTON EFTA00314531 HART HOWERTON 13 EFTA00314532 HACIENDA Cabo San Lucas, Mexico In Cabo San Lucas, Mexico, Hart Howerton worked with Starwood Capital and the Koll Company on Hacienda, a 22 acre (9 ha) oceanfront community located on the former Hacienda Hotel site. Perched on 1,300 feet (400 m) of

estpac leading economic indicator advanced in February (+0.2% m/m to Westfield (AU biggest shopping center operator) sells 8 US malls for $1.15B to Starwood Capital Leading European Sectors: Basic Res +0.94%, Food/Bev +0.41%, Healthcare +0.35% Lagging European Sectors: EMU Banks -1.87%, Construction -1.74%, Uti

to run Cloobeck Enterprises. Subsequently, he began to develop and manage timeshare resorts of his own with the help of high profile partners like Starwood Capital. In 2003, Steve sold the vast majority of his timeshare holdings to Marriott and spent the next few years looking for the "next big thing." In mid-

pstein Paul Morris For internal use only Lepow 2 Sally Lepow Loeb 2 Agron 2 Gottesman Black 2 Marron 2 for WM US/Latam 2 Chairman/CEO Starwood Capital Founder/PM Para Advisors Sanjan Dody 2 Managing Member Brahman Capital Sanjan Executive Chairman Red Book Connect Sanjan Dody Dody Sanjan D