Founded and based in Dallas, Texas, Hospitality Management Corporation (HMC) is a privately held provider of management solutions and hospitality

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Founded and based in Dallas, Texas, Hospitality Management Corporation (HMC) is a privately held provider of management solutions and hospitality industry services, each customized to fit our clients

2 Founded and based in Dallas, Texas, Hospitality Management Corporation (HMC) is a privately held provider of management solutions and hospitality industry services, each customized to fit our clients unique needs. As a company, our executive team combined has over 200 years of experience in directing and overseeing the operation of hotels ranging from and including luxury assets, full-service hotels, select service properties, extended stay products, independent hotels, boutique hotels and resort conference centers. This innovative approach and our core philosophy of becoming personally involved in every asset partnership has resulted in HMC consistently being ranked among the top independent managers by leading industry publications like Hotel Management Magazine and Hotel Business Magazine. In addition, each of our HMC executives has over 25 years of hospitalityspecific expertise operating franchised and independent properties. This combined with our development, finance, operational, and sales and marketing staff, will provide you and your property with some of the finest and most diverse experience in the industry.

We tailor our efforts in operations based on the owner s objectives and the asset s market to produce a smooth running process that maximizes guest service and relations while maintaining a

This is achieved through continual staff training, labor management and payroll controls based on business volume, expense controls, corporate oversight, property level empowerment and ownership of

3 We tailor our efforts in operations based on the owner s objectives and the asset s market to produce a smooth running process that maximizes guest service and relations while maintaining a profitable flow-through. This is achieved through continual staff training, labor management and payroll controls based on business volume, expense controls, corporate oversight, property level empowerment and ownership of results. Results are monitored daily, monthly and annually to ensure compliance. HMC has a long history operating full service hotels that started with Registry Hotels, Luxury Four and Five Star Hotels and continues on today as a leader in overall hospitality management. HMC understands the significance of operating a hotel s food and beverage outlet(s) to achieve profitability and exceptional guest satisfaction. Strategic restaurant partnerships based on consumer trends in a given market combined with a knowledgeable operations team provides the expertise needed to maximize profits and focus on key matters that create a successful culinary operation. Food and Beverage areas of focus include: Concept Design & Menu Planning Staffing and Training Personnel Cost Control & Pricing Targeted Marketing & Sales Programs

HMC performs an extensive market review for each asset and develops customized marketing plans designed to maximize the full potential of each hotel.

4 HMC performs an extensive market review for each asset and develops customized marketing plans designed to maximize the full potential of each hotel. Instituting proven yield management programs, sales goals, franchise resource utilization with proper tracking and monitoring, allows HMC to deliver superior results across key metrics. Competitive Intelligence: Strengths/Weaknesses of Competitive Set Price Positioning Special Offers/Promotions Channel Analysis Dynamic Tools: Demand Projection Group/Transient Pace Past Performance Analysis of Market Trends & Conditions Strategy Implementation: Track Results of Strategy Analyze Success/Failure of Strategy Communicate with Property, Brand and Ownership

5 Revenue Management is a technique that HMC utilizes to capture the maximum value of market demand. HMC s goal is to sell the right product, at the right time, through the appropriate channel to the targeted customer, utilizing: Strategic Development Programs E-Commerce Content Management Social Media Revenue Meetings Rate Loading Additional Tools: Market Analysis Budget Assistance Forecasting Campaigns Brand Marketing Historical Data Transient/Group Pace Group Displacements STR Trend Reports We utilize a comprehensive suite of internally designed proprietary technology systems that allow reporting, tracking and monitoring of each asset s ongoing results on a daily, monthly and annual basis that no other company possesses. This allows HMC to control costs and deliver the results our client s desire and effectively communicate the asset s performance to our clients in a timely manner. HMC provides unequaled support to the hotels in the ever evolving world of regulatory compliance. Our systems and processes encompass the latest tools to ensure each asset hires the best staff available and keeps them trained and functioning in an efficient manner. Each employee is background checked and run through an extensive training process. Ongoing support and monitoring is provided to make sure all federal, state and local compliance is being maintained.

Our team has successfully developed and renovated more than 100 hotels from inception to completion.

Cost Development and Budget Management Project Accounting Services Assistance with Contractor and Vendor Selection and Management Purchasing,

Coordination We will research, select & implement the best and most cost effective technology platforms.

6 Our team has successfully developed and renovated more than 100 hotels from inception to completion. HMC will assist the owner with the following services: Concept Development Hotel, Food & Beverage Architectural and Interior Design Input Project Cost Development and Budget Management Project Accounting Services Assistance with Contractor and Vendor Selection and Management Purchasing, Delivery, and Installation Coordination Operating Budget Pre-Opening Sales and Marketing Program Pre-Opening Staffing and Training Technology Coordination We will research, select & implement the best and most cost effective technology platforms. Grand Opening Program We can build guest and employee safety programs, establish fire and disaster safety programs, provide risk aversion by serving as employer and holding applicable licenses and cover asset under HMC s master insurance program.

7 With HMC, you will be communicating with principals of the company, one-on-one on a regular basis. As owners, we personally oversee your assets and are involved in every aspect of your business goals, objectives, and ROI. The team meets with each owner/lender to discuss your needs, expectations, the assets potential and staffing. We are full-service, but not so large as to be inflexible or unable to fine-tune and manage details of each of our clients. Our goals are your goals to ensure that each property is maximizing its full potential for revenue generation and profitability. Far too many of our competitors fail in this area and leave valuable dollars on the table, but by managing your hotel s demand, every opportunity is taken to maximize revenue and create a successful and profitable property.

8 Our focus is on complete tailored evaluation of each hotel s market, physical attributes and competition to develop an actionable plan to maximize full potential including plan institution and constant monitoring to ensure compliance and achievement of results. Brand selection, capital plans, ADA compliance, renovation services and virtually any other assistance our clients desire. Our team has successfully developed and renovated more than 100 hotels and have the proven expertise to lead any project, at any stage, from inception to completion. HMC also assists owners, investors and lenders with the following services: Feasibility Analysis & Market Review Site Selection & Asset Review Concept Development Finance & Funding Assistance Project Accounting Services Franchise Selection & Contract Negotiations Pre-Opening Consultation Design, Renovation and Construction Consulting Other Support Needed in the Evaluation of Hotel Assets HMC can act as court appointed receiver and/or as the manager hired by receiver to protect the asset and provide operational services while under the receiver order. HMC partners with industry leaders in the hospitality technology field to maintain franchise required guest services and PCS compliance of the systems within each asset. We also assist with choosing the best and most cost effective technology platforms. The company works closely with a variety of franchisors to maximize brand value while ensuring compliance to brand standards.

Leo E. Spriggs Chief Executive Officer/Partner - lspriggs@hospitalitymgt.

Mr. Spriggs has over 30 years of experience and has held numerous executive level positions. Prior to HMC, Leo was VP of Operations with Metro Hotels Corporation.

hotels, as well as luxury four and five star resorts. Under Leo s leadership HMC has grown revenues from 5.5MM to over 125MM and the rooms managed from 475 to almost 4,500.

com As a founding partner and Chief Financial Officer, Bill is responsible for all corporate financial activities of HMC including the procurement and administration of all corporate and property

Additionally, Bill oversees federal and state tax administration and reporting, legal relationships, and corporate financing arrangements.

10 Leo E. Spriggs Chief Executive Officer/Partner - lspriggs@hospitalitymgt.com Leo is responsible for developing business relations to expand HMC s portfolio of managed properties, and assisting each owner of an HMC managed property in achieving their investment objectives. Mr. Spriggs has over 30 years of experience and has held numerous executive level positions. Prior to HMC, Leo was VP of Operations with Metro Hotels Corporation. Before joining Metro, Leo held the positions of VP-Operations and VP-Food & Beverage with Registry Hotel Corporation where he supervised the operations of numerous upper mid-market full service hotels, as well as luxury four and five star resorts. Under Leo s leadership HMC has grown revenues from 5.5MM to over 125MM and the rooms managed from 475 to almost 4,500. Bill Sullivan Chief Financial Officer/Partner - sullivan@hospitalitymgt.com As a founding partner and Chief Financial Officer, Bill is responsible for all corporate financial activities of HMC including the procurement and administration of all corporate and property group insurance programs, retirement benefit programs, loss prevention systems and trademark and licensing. Additionally, Bill oversees federal and state tax administration and reporting, legal relationships, and corporate financing arrangements. He also serves as HMC s Director of Information Systems and is directly involved in the selection and installation of new information technology systems, application servers, networks, property management systems and other IT related systems. Bill possesses an extensive and diverse background with over 30 years of hospitality industry experience as a financial professional. His previous industry experience includes a Vice President role with Meristar Hotels and 13 years with Metro Hotels in a variety of corporate and property positions including serving as VP of Property Accounting where he was responsible for the financial operation of 16 hotels and over $80MM in total revenues. Prior to that, Bill held various regional and management positions in the hospitality industry.

Daniel Killian Executive Vice President/Partner - killian@hospitalitymgt.com Daniel is responsible for the comprehensive financial reporting package completed for all HMC managed properties.

He is also responsible for the procurement of all bank account activity, credit card processing, payroll processing, tax reporting, licenses, permits, equipment leases and maintenance contracts for

Prior to joining HMC, he spent 9 years with Metro Hotels as the Corporate Director of Accounting overseeing the centralized accounting operations for 9 hotels within their portfolio.

11 Daniel Killian Executive Vice President/Partner - killian@hospitalitymgt.com Daniel is responsible for the comprehensive financial reporting package completed for all HMC managed properties. He directs the preparation of all annual budgets, along with analysis of monthly and quarterly forecasts of future operating results and cash management. He is also responsible for the procurement of all bank account activity, credit card processing, payroll processing, tax reporting, licenses, permits, equipment leases and maintenance contracts for all managed and newly acquired properties. During his 23 year experience in the hospitality industry, Daniel has served in a diverse range of positions from service to top management level. Prior to joining HMC, he spent 9 years with Metro Hotels as the Corporate Director of Accounting overseeing the centralized accounting operations for 9 hotels within their portfolio. Gerald Morris Vice President of Operations - morris@hospitalitymgt.com Gerald is responsible for the operations oversight of HMC s hotels. This includes ensuring tight cost controls in all areas of hotel operations, assisting the property s team in forecasting future revenues and expenses for ownership and regular guidance. In addition, he provides direction in developing strategies to improve customer service, reviewing financial results and expectations, team training and employee motivation. Gerald also visits each of his properties on a regular basis, conducting sales meetings and detailed property inspections. He also oversees capital/renovation projects and will work with ownership and hotel management in directing these projects. Gerald has held numerous executive level positions in the hospitality industry and HMC, most recently working in an operations capacity for Wyndham International, Marriott Corporation, Interstate Hotels, GF Management and Holiday Inn Hotels.

12 Patrick Bajdek Vice President Development - bajdek@hospitalitymgt.com Patrick s responsibilities are leveraging HMC s diverse platform and experience to service additional 3 rd party hotel management opportunities, evaluate new partnerships, and coordinate with existing properties and clients to enhance existing relationships. He also assists with clients in brand evaluation selection and term negotiations. He brings executive experience across numerous previously held industry positions including Vice President Development for Carlson Hotels America, Vice President/Managing Director of HREC Investment Advisors, Managing Director of PKF Capital Markets Group, President/Founder of InterNet Hospitality Group, Executive VP Development of Metro Hotels (the largest Hilton franchisee in the US at this time), as well as numerous other executive, management and sales/marketing positions representing the Carlson, Omni, Starwood, Wyndham, Marriott, and Intercontinental Hotels Group (IHG) brands. In addition, Patrick has also garnered numerous professional affiliation appointments and awards including President HSMA New Mexico, President Oklahoma Hotel Association, President Sales & Marketing Executives Kentucky, Educator of the Year American Hotel Association and most recently the Golden Rose Award from the Carlson Rezidor Hotel Group (2014). He also brings a diverse and interesting background to the team as prior to entering the hospitality industry, he spent the early part of his career as a an NFL middle linebacker after being drafted by the Los Angeles Rams and later signed by the Washington Redskins. His education includes a Bachelor of Science degree from Franklin College in Indiana and additional coursework at the graduate school of business at the University of Louisville, courses in marketing & economics at Tulsa University and the Hotel School of Professional Education at Cornell. Del Robinette Vice President of Sales & Marketing - robinette@hospitalitymgt.com Del reports to the CEO and focuses on driving positive RevPAR as well as oversees revenue management and market share results across HMC s portfolio of hotels. He also manages all sales/marketing personnel in the field, talent development, marketing and promotional opportunities, brand relationships and ownership expectations. He is a 16-year veteran of the hospitality industry and began his career in operations with Omni Hotels and Resorts, then on to Marriott Hotels and Resorts and opened the Dallas Marriott Las Colinas in July of He transitioned from operations to sales and spent the next 11 years with InterContinental Hotel Group (IHG) where he was promoted from Sales Manager to Director of Sales and Marketing and finally General Manager of the 300 room Crowne Plaza Hotel at Park Central in Dallas, TX. In 2010, Del was recognized as Crowne Plaza s Director of Sales and Marketing of the Year. Libby Shaw Director of Human Resources - shaw@hospitalitymgt.com Libby is responsible for the administration and management of the Human Resources function at HMC Corporate and at each of HMC s managed properties. This includes overseeing property Human Resources Administrators, recruiting, training and orientation, employee database maintenance, wage/benefit administration, compliance with statutory requirements, participation in property transitions and new hotel openings, and the execution of employee relations activities. She brings over 10 years of diverse experience in the hospitality industry. Libby was recently promoted from Assistant DIrector HR at HMC and prior to joining the company, Libby held the position of General Manager at the Days Inn hotel in Irving, TX, and holds a degree in Hotel, Travel & Tourism. To further her HR skills and stay abreast of the ever changing regulatory requirements, Libby works closely with the CFO and regularly presents and/or attends human resources seminars.

HMC has been awarded honors of distinction from

Radisson, Crowne Plaza, Sheraton, IHG, etc.

publications for outstanding attention to our

This relationship with the major franchises

franchise contract and PIP negotiations, and we

for owners that they would otherwise be unable

PREFERRED OPERATOR RECOGNITION AAA 4-DIAMOND

CHOICE AWARD BEST RENOVATION CHAIRMAN S AWARD

14 HMC has been awarded honors of distinction from a large number of franchises we work with. Throughout our history, we have been acknowledged by major corporations including Radisson, Crowne Plaza, Sheraton, IHG, etc. in addition to major trade and hospitality publications for outstanding attention to our properties and our customers. This relationship with the major franchises also allows us to assist our owners during franchise contract and PIP negotiations, and we have been able to adjust and obtain concessions for owners that they would otherwise be unable to achieve on their own. PREFERRED OPERATOR RECOGNITION AAA 4-DIAMOND AWARD QUALITY EXCELLENCE AWARD PRESIDENTS CHOICE AWARD BEST RENOVATION CHAIRMAN S AWARD FOR QUALITY TOP 40 MANAGEMENT COMPANIES DIRECTOR S AWARD FOR EXCELLENCE TOP 50 MANAGEMENT COMPANIES MEDIUM EMPLOYER OF THE YEAR

15 HMC is approved to manage the following brands:

16 Our depth of expertise in hospitality management is matched only by our dedication to our clients. We credit the success of the properties we proudly manage to our commitment to always put our clients best interests first. We recognize that every property is unique, so we look forward to discussing your specific opportunities and how we can assist you in unlocking the full potential of your assets.

OVERVIEW. The Company. Property Map. Historical Properties. Case Study

OVERVIEW. The Company. Property Map. Historical Properties. Case Study MANAGEMENT OVERVIEW OVERVIEW The Company Property Map Historical Properties Case Study Managers of Fine Hotels and Resorts Since 1971 WHO WE ARE Founded and based in Dallas, Texas Executive Team with Over