ANDS St. Thomas, VI 00801 VALUATION & ADVISORY SERVICES Self Contained Appraisal Report CBRE CB RICHARD ELLIS @ 2007 CB Richor EFTA00787768 VALUATION & ADVISORY SERVICES June 30, 2007 Mark Lande IGY-AYH ST. THOMAS HOLDINGS, LLC 717 Fifth Avenue, 18th Floor New York, NY 10022 AND Cassandra P. Webster-Hodge Assi