James Francis

Host Marriott Corp. is a real estate investment trust, or REIT, that owns 113 full-service hotel properties as of February 15, 2004, which operate primarily in the luxury and upper-upscale hotel sectors. As of December 31, 2003, Host Marriott was the largest hotel REIT in the National Association of Real Estate Investment Trust’s composite index. Host Marriott conducts its operations through Host Marriott, L.P., or Host LP, of which Host Marriott is the sole general partner.

Part of The Sarofim Group, Inc., Courtyard by Marriott LP is a private company that owns and operates hotels. The company is based in Bethesda, MD.

Barcelo Crestline Corp. owns, operates and leases hotels, resorts, conference and convention centers. The firm also has investments in hotel properties. The company was founded in June 2002 and is headquartered in Fairfax, VA.

Highland Hospitality Corp. provides real estate investment services. It provides full and limited service, extended-stay properties located in major convention, business, resort and airport markets in the United States. The company was founded in 2003 and is located in McLean, VA.

Chambers Street Properties is a real estate investment trust that acquires, owns and operates primarily office and industrial properties. The company operates its business through two segments: Industrial Properties and Office Properties, which participate in the acquisition, development, ownership and operation of high quality real estate assets in their respective regions. Chambers Street Properties was founded by Jack A. Cuneo on March 30, 2004 and is headquartered in Princeton, NJ.

Chesapeake Lodging Trust operates as a self-advised real estate investment trust. It engages in the management and operation of hotels. The firm focuses on investments primarily in upper-upscale hotels in major business and convention markets. Its portfolio includes The Royal Palm, Hyatt Regency, Le Meridien, JW Marriott, Hotel Adagio, Ace Hotel, Hilton Checkers, Homewood Suites, and Hotel Indigo. The company was founded by Douglas W. Vicari and James L. Francis on June 12, 2009 and is headquartered in Arlington, VA.

Crestline Capital Corp. was the parent company of Crestline Hotels & Resorts, independent hotel management companies. The company was also engaged in leasing and investing in hotel properties. In 2002 Barcelo Hotels & Resorts of Spain acquired Crestline Capital Corporation and formed Barcelo Crestline. Crestline Capital was headquartered in Bethesda, MD.

Part of Presidio Hotel Group LLC, Fairfield Inn is a 117 room hotel. The private company is based in Rancho Cordova, CA. Fairfield Inn was acquired by Presidio Hotel Group LLC from MFI Partners on September 17, 2001 for $6.25 million.