Program and speakers as of January 9, 2018 Page 1 of 9

MONDAY, JANUARY 22, 2018 7:00am-8:00pm REGISTRATION & INFORMATION 9:30am-11:35am ALIS TALKS TECH ROBOTS Moderator: Linda H. Pouliot, Robotics Entrepreneur Panelists: Steve Cousins, CEO, Savioke Inc Micah G.E. Green, Founder & President, Maidbot MOBILE TECHNOLOGY Moderator: Steven Berkovich, Managing Director, Deloitte Digital Panelists: Colleen Coulter, Industry Manager, Travel Suppliers, Facebook Rahul Salgia, CEO, DigiValet Robert Stevenson, CEO, KEYPR Daniel Sztutwojner, Co-Founder, Beekeeper ARTIFICIAL INTELLIGENCE (AI) & MACHINE LEARNING Moderator: Ali Abidi, Partner, PwC Panelists: Dustin Bomar, Head of Industry, Travel, Google Tony Donohue, SVP/CTO – Brand Expedia, Expedia, Inc. 11:40am-12:00pm TASTE OF MOROCCO Speaker: Imad Barrakad, Chairman & CEO, SMIT 11:45am-1:45pm NETWORKING BUFFET LUNCH 12:00pm-1:00pm HOTEL INVESTMENTS 101 – FROM ACRONYMS TO ZONING A special session designed to help newcomers navigate the hotel investment world. Moderator: Andrea L. Belfanti, Executive Director, ISHC Panelists: Rick Besse, Senior Managing Director, Newmark Knight Grubb Frank Andrea Foster, SVP Development, Marcus Hotels & Resorts Arjun Singh, Professor, Michigan State University 1:00pm-2:00pm ALIS PRESENTS – SPEED MEET It’s Speed Dating – ALIS Style. If you are coming to ALIS to meet people, Speed Meet is a great way to start!

Participants should bring a lot of business cards to this session. Facilitators: Ken Greger, Managing Director, AETHOS Consulting Group

Elizabeth Randall Winkle, Chief Strategy Officer, STR

2:15pm ALIS OPENS IN WORLD-RENOWNED MICROSOFT THEATER 2:15pm-5:30pm PLENARY SESSION ALIS GRAND OPENING – BUY, BUILD, SELL, HOLD? CHAIR’S OPENING REMARKS & AN UPDATE FROM AHLA Speakers: James E. Burba, Chair, ALIS and Co-Founder, BHN Thomas Kemp, Chairman & CEO, Northstar Travel Group Katherine Lugar, President & CEO, AHLA TRAVEL & TOURISM – DEALING WITH THE NEW NORMAL Moderator: Kathleen Matthews, Award Winning Journalist & Former Hotel Company Executive Panelists: Susie Grynol, President, Hotel Association of Canada Gerald Lawless, Chairman, WTTC Katherine Lugar, President & CEO, AHLA

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MONDAY, JANUARY 22, 2018 THE NUMBERS – WHAT ARE WE DEALING WITH & WHERE ARE WE HEADED? Moderator: Robert D. Kline, CEO & Co-Founder, The Chartres Lodging Group, LLC Panelists: Cindy Estis Green, CEO and Co-Founder, Kalibri Labs, LLC Carter Wilson, VP, Consulting & Analytics, STR Mark Woodworth, Senior Managing Director, CBRE Hotels Mark Wynne Smith, Global Chief Executive Officer, JLL-Hotels THE DECISION DILEMMA – HOW CONSUMERS CHOOSE WHERE TO STAY Speaker: Lorraine Sileo, SVP Research, Business Ops, Phocuswright THE ALIS LIFETIME ACHIEVEMENT AWARD Presenter: James E. Burba, Chair, ALIS and Co-Founder, BHN Recipient: Thomas J. Pritzker, Executive Chairman, Hyatt Hotels Corporation and Chairman & CEO, The Pritzker Organization Interviewed by: Frank Gehry, World Renowned Architect and Pritzker Architecture Prize Winner THE ECONOMIC OUTLOOK & THE NEW TAX BILL – IMPACTS ON LODGING In this unique closing of the opening day at ALIS, veteran reporter Simon Hobbs brings to the Microsoft Theater stage insightful conversation on the new tax bill, economic impacts, and dealing with the new normal. Host: Simon Hobbs, Broadcaster, Journalist, & ALIS’ First Correspondent Guests: To be announced. 5:30pm-8:00pm GALA OPENING RECEPTION Hosted by:

TUESDAY, JANUARY 23, 2018 7:00am-6:45pm REGISTRATION & INFORMATION 7:00am-9:00am CONTINENTAL BREAKFAST 7:00am-8:30am WOMEN’S NETWORKING BREAKFAST Due to limited seating, RSVP is required. Please visit the ticket pick-up table in the lobby across from ALIS registration to inquire about availability. THE VIEW FROM THE TOP – A FOCUS ON DIVERSITY & WHY IT MATTERS Moderator: Katherine Lugar, President & CEO, AHLA Panelists: Krissy Gathright, EVP & Chief Operating Officer, Apple Hospitality REIT Judy Hendrick, Chief Financial Officer, Aimbridge Hospitality Leeny Oberg, Chief Financial Officer, Marriott International Jagruti Panwala, Treasurer, AAHOA 8:40am-10:45am PLENARY SESSION – ALIS TV WELCOME BACK Speaker: James E. Burba, Chair, ALIS and Co-Founder, BHN ALIS TV (A) THE BOARDROOM BROADCAST: EPISODE ONE – LIFESTYLE Moderator: Suzanne R. Mellen, Senior Managing Director, HVS Panelists: John Cohlan, CEO, Margaritaville Holdings Michael Fuerstman, Co-Founder & Creative Director, Pendry Hotels Jamie Sabatier, CEO, Two Roads Hospitality Ryan Totaro, CEO, NYLO ALIS TV (B) THE BOARDROOM BROADCAST: EPISODE TWO – LUXURY Moderator: Francis J. Nardozza, Chairman & CEO, REH Capital Partners, LLC Panelists: Chris J. Cahill, CEO Luxury Brands, AccorHotels Robert J. Lowe, Jr., Co-CEO, Lowe Allen Smith, President and CEO, Four Seasons Hotels Homi Vazifdar, CEO, Canyon Equity LLC

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TUESDAY, JANUARY 23, 2018 ALIS TV (C) THE BOARDROOM BROADCAST: EPISODE THREE – NEW HIGH ROLLERS IN TOWN Moderator: Simon M. Turner, Managing Director, Alpha Lodging Partners Panelists: Thomas Baltimore, Jr., Chairman and CEO, Park Hotels & Resorts Mike Deitemeyer, President & CEO, Interstate Hotels & Resorts Christopher Norton, CEO, Equinox Hotels Patrick Pacious, President and CEO, Choice Hotels International 10:45am-11:15am NETWORKING BREAK 11:15am-12:00pm BREAKOUT SESSIONS SESSION 01 OWNERSHIP TRACK: ASSET OPTIMIZATION – PLAYING YOUR HAND TO ITS FULL POTENTIAL Moderator: Thomas J. Corcoran, Jr., President/CEO, TCOR Hotel Partners Panelists: James A. Carroll, President & CEO, Crestline Hotels & Resorts Robert Hee, COO, Canyon Equity LLC Maxine Taylor, Senior Vice President, CHMWarnick Alfred Young, Chief Operating Officer, LaSalle Hotel Properties SESSION 02 DEVELOPMENT TRACK: MULTI-BRANDING – WHEN TWO SUITS ARE BETTER THAN ONE Moderator: Lauren Manton, Of Counsel, DLA Piper LLP (US) Panelists: Robert D. Olson, President, RD Olson Development Rob Palleschi, Chief Development Officer, G6 Hospitality Julienne Smith, SVP Real Estate & Development, Hyatt Hotels Corporation Matt Wehling, SVP Development, U.S. & Canada, Hilton SESSION 03 HOTELS OF THE FUTURE – WHAT’S IN THE CARDS? Moderator: Robert A. Alter, President, Seaview Investors, LLC Panelists: James M. Biggar, Executive Vice President, HHM Lauren Chewning, VP, CX-Insight & Growth, Marriott International Tatyana Li, Founder, LSW Hotels Ron Swidler, Principal, The Gettys Group SESSION 04 DEVELOPMENT TRACK: CAPITAL OPTIONS & SOURCES TO GET YOUR DEVELOPMENT DEAL DONE Moderator: Pete Benudiz, Partner, Sidley Austin

Panelists: Evan M. Hurd, Managing Director, RobertDouglas Mark Laport, President, CEO, Concord Hospitality Adam D. Valente, President, Continental Hospitality Group SESSION 05 ACQUISITIONS TRACK: OPPORTUNITIES IN THE GATEWAY MARKETS Moderator: Rick S. Kirkbride, Partner, Paul Hastings LLP Panelists: Patrick Deming, Managing Director, Eastdil Secured Michael D. DiPrima, Director, Hodges Ward Elliott, Inc. Kevin E. Mallory, Global Head of CBRE Hotels, CBRE, Inc. John L. Strauss, International Director, JLL 11:15am-11:55am BREAKOUT SESSIONS SESSION 06 DEVELOPMENT TRACK: SELECTING A BRAND PART ONE – THE FRANCHISE OPTIONS Moderator: Chuck Pinkowski, Owner, Pinkowski & Company Panelists: Mike McGeehan, North American Development Officer, G6 Hospitality LLC Mitch Patel, President and CEO, Vision Hospitality Group Ron Pohl, SVP, COO, Best Western Hotels & Resorts Lynne Roberts, Executive Vice President, Capital Markets, Aimbridge Hospitality SESSION 07 SELECT SERVICE – IS IT THE ‘ACE’ OF THE INDUSTRY? Moderator: Bharat N. Patel, Chairman/CEO, Sun Development & Mgmt Panelists: Colin Carroll, VP - Investments, Ashford Aly El-Bassuni, SVP, Franchise Operations, Carlson Rezidor Hotel Group Brian R. Krause, SVP Franchise Sales, Wyndham Hotel Group Michael Morton, VP Owner Relations, Best Western Hotels & Resorts

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TUESDAY, JANUARY 23, 2018 11:15am-2:00pm EXTENDED NETWORKING BUFFET LUNCH

Back by popular demand. This extended buffet-style networking lunch allows the convenience of eating whenever you’d like during a busy day full of meetings and conference content. Grab a bite and head off to a session!

12:15pm-12:55pm BREAKOUT SESSIONS SESSION 08 DEVELOPMENT TRACK: SELECTING A BRAND PART TWO – THE MANAGEMENT OPTIONS Moderator: Victoria Richman, CFO & COO, HVS Asset Mgmt – Newport

Panelists: Luke W. Charlton, Chief Operating Officer, RIDA Development Corp. Greg Doman, SVP Development, NCA, AccorHotels William Fortier, SVP, Development - Americas, Hilton Trevor Rowe, Senior Vice President, AEG

SESSION 09 SOFT BRANDS & AFFILIATION MODELS – A HOT ‘SUIT’ IN THE DECK Moderator: Abhishek Jain, Hospitality Director, PwC Panelists: Roger Bloss, President, Global Development, RLH Corporation Chris Pfohl, SVP, Hotel Acquisitions & New Business, Pyramid Hotel Group Mark D. Shalala, Vice President Development, Choice Hotels International Ted Teng, President & CEO, Leading Hotels 12:30pm-1:15pm BREAKOUT SESSIONS SESSION 10 OWNERSHIP TRACK: MAKING SMART DIGITAL DECISIONS TODAY Moderator: Flo Lugli, Principal, Navesink Advisory Group, LLC Panelists: David Atkins, Principal, Digital DNA Infusion Sherri Gilligan, Chief Marketing Officer, Two Roads Hospitality Kurien Jacob, Principal, Highgate Ventures Charles McKee, SVP, Chief Commercial Officer, Carlson Rezidor Hotel Group SESSION 11 BETTING ON THE BRAND – WHY ‘WHO’ YOU AFFILIATE WITH MATTERS Moderator: Raj Chandnani, Vice President, Strategy, WATG | Wimberly Interiors Panelists: Heather Balsley, SVP, Amer. Brands & Marketing, IHG John S. Hamilton, SVP, Business Development, Pyramid Hotel Group Dave Marr, SVP - Global Head FS Brands, Hilton Lindsey Ueberroth, President & CEO, Preferred Hotels & Resorts 1:05pm-1:55pm BREAKOUT SESSIONS SESSION 12 MANAGEMENT CONTRACTS – HOW TO GET THE UPPER HAND & STILL HAVE BOTH SIDES WIN Moderator: Andrew Wharton, Managing Director, REH Capital Partners LLC Panelists: Troy G. Furbay, Chief Investment Officer, DiamondRock Hospitality Christopher H. Lee, Partner, Dentons, US LLP David Tarr, Senior Vice President, Hyatt Hotels Corporation Robert Taylor, Partner, Locke Lord LLP SESSION 13 OWNERSHIP TRACK: THE SHARED ECONOMY CONTINUES TO SHARE Moderator: Jamie Lane, Senior Economist, CBRE Hotels Research Panelists: Francis Davidson, CEO, Sonder Brenna Halliday, VP, Strategic Insight, Host Hotels & Resorts Scott Shatford, CEO, AirDNA Lorraine Sileo, SVP, Research & Business Ops., Phocuswright SESSION 14 DEVELOPMENT TRACK: COMBATTING COMMON CHALLENGES & COMPLETING THE DEVELOPMENT A WINNER Moderator: Gary Axelrod, Partner, Latham & Watkins Panelists: Billy L. Brown, Chairman, CEO, LodgeCap Christopher P. Diffley, Managing Director, Rockbridge Adrienne Kautzman, Director, Berkadia Rick Takach, Chairman & CEO, Vesta Hospitality Gregory M. Villegas, Vice President, WATG

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TUESDAY, JANUARY 23, 2018 SESSION 15 THE CHIEF DEVELOPMENT OFFICERS’ OUTLOOK – TIME TO BUY, BUILD, SELL, OR HOLD? Moderator: Kirk Kinsell, Principal, Panther Ridge Partners Panelists: Joel M. Eisemann, Chief Development Officer, IHG Chip Ohlsson, EVP & Chief Development Officer, Wyndham Hotel Group David Pepper, Chief Development Officer, Choice Hotels International Terry Sanders, Chief Development Officer, Carlson Rezidor Hotel Group 2:00pm-2:45pm BREAKOUT SESSIONS SESSION 16 BRAND STRATEGIES NOW & LOOKING FORWARD TO 2025 Moderator: Stephen M. Jennings, Principal, Deloitte Consulting Panelists: Dorothy Dowling, Chief Marketing Officer, Best Western Hotels Heather Leisman, Vice President, Marketing, TripAdvisor William Linehan, Chief Marketing Officer, RLH Corporation Julius Robinson, SVP & Global Brand Leader, Marriott International SESSION 17 DEVELOPMENT TRACK: SMART CONSTRUCTION STRATEGIES Moderator: David A. Berins, Managing Partner, Berins & Co., LLC Panelists: Ian Boyd, President & CEO, Bird Construction Jennifer Steeley, VP of Client Experience, Carbon Lighthouse Aliya Khan, VP, Global Design Strategies, Marriott International Jerry Zeitner, Chief Operating Officer, The Gettys Group SESSION 18 ACQUISITIONS TRACK: BEYOND GATEWAY MARKETS – WHERE ARE THE DIAMONDS IN THE ROUGH? Moderator: Jon S. Wright, CEO, Access Point Financial Panelists: Jared H. Kelso, Senior Managing Director, Cushman & Wakefield Richard Lillis, National Director, Hotels | USA, Colliers International Tony Malk, Managing Director, HFF Rick Rush, Director Asia + U.S., Hodges Ward Elliott SESSION 19 ACQUISITIONS TRACK: THE WALL STREET OUTLOOK Moderator: Phillip Gordon, Partner, Perkins Coie LLP Panelists: Tom Day, Executive Vice President, Wells Fargo Naftali Holtz, Managing Director, Global Head, Lodging & Leisure Inv. Banking, Goldman Sachs Lawrence Y. Kwon, Managing Director, Moelis & Company Bradley G. Langner, Managing Director, Piper Jaffray & Co. Tyler J. Rindler, Managing Director, Morgan Stanley 3:00pm-5:15pm PLENARY SESSION – ALIS TV RETURNING TO ALIS TV LIVE BROADCASTS Speaker: James E. Burba, Chair, ALIS and Co-Founder, BHN ALIS TV (D) THE BOARDROOM BROADCAST: EPISODE FOUR – FRANCHISE STRATEGIES Moderator: Chip Rogers, President & CEO, AAHOA Panelists: Jim Amorosia, CEO, G6 Hospitality LLC Keith Cline, President & CEO, La Quinta Inns & Suites Eric Danziger, CEO, Trump Hotels Elie Maalouf, CEO, Americas, IHG ALIS TV (E) THE BOARDROOM BROADCAST: EPISODE FIVE – OWNERS & OPERATORS Moderator: Chad L. Crandell, Managing Director & CEO, CHMWarnick Panelists: Michael D. Barnello, President and CEO, LaSalle Hotel Properties Mark W. Brugger, CEO, DiamondRock Hospitality Michael George, President & CEO, Crescent Hotels & Resorts Dave Johnson, President & CEO, Aimbridge Hospitality ALIS TV (F) THE BOARDROOM BROADCAST: EPISODE SIX – THE FINAL HAND Moderator: Scott D. Berman, Principal, PwC Panelists: Geoff Ballotti, President & CEO, Wyndham Hotel Group Monty Bennett, CEO/Chairman, Ashford, Inc Mark Hoplamazian, President & CEO, Hyatt Hotels Corporation Greg Mount, CEO and President, RLH Corporation

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TUESDAY, JANUARY 23, 2018 5:15pm-6:45pm NETWORKING RECEPTION Hosted By:

WEDNESDAY, JANUARY 24, 2018 2014 7:00am-11:40am REGISTRATION & INFORMATION 7:00am-7:45am MONEY MORNING – CONTINENTAL BREAKFAST 8:00am-11:40am MONEY MORNING 8:00am-8:15am MONEY MORNING WELCOME Speaker: James E. Burba, Chair, ALIS and Co-Founder, BHN THE ALIS DEAL OF THE YEAR AWARDS 8:15am-8:25am THE ALIS AWARDS: DEVELOPMENT OF THE YEAR 2017 Presenter: JP Ford, Senior Vice President, Lodging Econometrics 8:25am-8:35am THE ALIS AWARDS: SINGLE ASSET TRANSACTION OF THE YEAR 2017 Presenter: John R. Karver, SVP, CBRE, Inc 8:35am-8:40am THE ALIS AWARDS: MERGER & ACQUISITION OF THE YEAR 2017 Presenter: Michael Murphy, Head of Lodging, First Fidelity Companies E 8:40am-8:45am THE ALIS AWARDS: JACK A. SHAFFER FINANCIAL ADVISOR OF THE YEAR 2017 Presenter: Thomas J. Corcoran, Jr., President/CEO, TCOR Hotel Partners, LLC 8:45am-9:00am THE ISHC PIONEER AWARD Presenters: John S. Fareed, Chairman, ISHC Stephen R. Hennis, Pioneer Award Chair, ISHC Recipient: Wing T. Chao, EVP, Disney Imagineering , JANUARY 29, 2014 9:00am-10:00am IREFAC – THE FINANCIAL GURUS TELL IT LIKE IT IS! Moderators: Laurence Geller, Chairman, Geller Capital Partners Neil H. Shah, President & COO, Hersha Hospitality Trust Panelists: Anthony Capuano, EVP & Global CDO, Marriott International Mark W. Elliott, President, Hodges Ward Elliott Jeffrey D. Horowitz, Global Head, Bank of America Michael Murphy, Head of Lodging, First Fidelity Companies Mike S. Shannon, Chairman, KSL Capital Partners 10:10am-11:40am MONEY MORNING CAPITAL MARKETS SESSIONS

Join ALIS for a series of concurrent and interactive money panels (both debt and equity), which will be repeated to allow the opportunity to attend more than one session.

10:10am-10:50am MONEY MORNING SESSIONS – ROUND ONE SESSION A MONEY MORNING: LENDERS (ACQUISITIONS) Moderator: John Bralower, Principal & Managing Director, Avison Young Panelists: Mathew T. Crosswy, President, Stonehill Jeff Frank, Vice President, Goldman Sachs & Co. Rachel Goldin Jinich, Senior Vice President, Wells Fargo Tara Waldier, Vice President, Rockbridge Capital SESSION B MONEY MORNING: LENDERS (DEVELOPMENT) Moderator: Jordan Ray, Principal, Debt & Equity, Mission Capital Advisors Panelists: Tucker Hughes, Managing Director, Bank of the Ozarks Michael McGinley, General Manager, Hotel Lending, Live Oak Bank Matthew Mitchell, Senior Vice President, HALL Structured Finance Michael Watson, Director and Head of US Lending, BMO Harris Bank N.A.

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WEDNESDAY, JANUARY 24, 2018 10:10am-10:50am MONEY MORNING SESSIONS – ROUND ONE (CONTINUED) SESSION C MONEY MORNING: PRIVATE EQUITY (OVER US$50M) Moderator: Mark E. Schoenholtz, Managing Director, Eastdil Panelists: Akshay Goyal, Senior Vice President, Starwood Capital Group Katharine Keenan, Managing Director, The Blackstone Group Omar Palacios, CFO/COO, Geolo Capital Steen Petri, SVP Investments, HEI Hotels SESSION D MONEY MORNING: PRIVATE EQUITY (US$50M & UNDER) Moderator: Matthew D. LeMaster, Partner, Davis Wright Tremaine Panelists: Ben Brunt, Principal & Executive Vice President, Noble Investment Group Greg Friedman, CEO, Peachtree Hotel Group Paul Novak, Exec Director – Lodging Acq., Whitman | Peterson Amit N. Patel, President, Baywood Hotels, Inc. SESSION E MONEY MORNING: REITS Moderator: Timothy Marvin, Executive Vice President, JLL

Panelists: Sean Dell’Orto, EVP and CFO, Park Hotels & Resorts Jonathan P. Mehlman, CEO & President, Hospitality Investors Trust Robert Springer, Chief Investment Officer, Sunstone Hotel Investors Richard Stockton, CEO, Ashford Hospitality Prime

SESSION F MONEY MORNING: FOREIGN CAPITAL Moderator: Benjamin C. Tschann, Partner, Goodwin Panelists: Baron Ah Moo, Managing Director, BLI Capital Mike Hu, Senior Vice President, Gaw Capital Partners Theodor Kubak, Senior Investment Manager, Union Investment Jason C. Puryear, Head of Hospitality, Abu Dhabi Inv. Authority 10:50am-11:00am MOVEMENT BREAK 11:00am -11:40am MONEY MORNING SESSIONS – ROUND TWO SESSION A MONEY MORNING: LENDERS (ACQUISITIONS) Speakers noted in Round One. SESSION B MONEY MORNING: LENDERS (DEVELOPMENT) Speakers noted in Round One. SESSION C MONEY MORNING: PRIVATE EQUITY (OVER US$50M) Speakers noted in Round One. SESSION D MONEY MORNING: PRIVATE EQUITY (US$50M & UNDER) Speakers noted in Round One. SESSION E MONEY MORNING: REITS Speakers noted in Round One. SESSION F MONEY MORNING: FOREIGN CAPITAL Speakers noted in Round One. 11:40am ALIS CONCLUDES

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PRODUCED BY:

Northstar Travel Group is the global leader of business intelligence, information, data, research, digital marketing services and events for senior-level professionals in the travel, meetings and hospitality industries. The Northstar portfolio includes; Travel Weekly, Travel Weekly China, Travel Weekly Asia, TravelAge West, Business Travel News, The Beat, Travel Procurement, Web in Travel, Phocuswright, Burba Hotel Network, Successful

Meetings, Meetings & Conventions, Meetings & Conventions China, Incentive, Association News, Sports Travel and 75 annual events in thirteen countries including leading events such as Americas Lodging Investment Summit (ALIS), Hotel Investment Conference Asia Pacific (HICAP), Phocuswright, TEAMS, Web in Travel, and Mountain Travel Symposium. Northstar is also the majority shareholder in Inntopia, the leading SaaS e-commerce software, CRM database marketing and predictive analytics business serving the mountain destination, activities, and specialty destination travel markets. Northstar Travel Group is owned by EagleTree Capital and is based in Secaucus, NJ, with offices in New York, NY; Denver, CO; Los Angeles, CA; Winston-Salem, NC; Stowe, VT; Edwards, CO, Glen Ellyn, IL, Costa Mesa, CA, and global offices in Singapore, Beijing, and Shanghai.

IN ASSOCIATION WITH:

Serving the hospitality industry for more than a century, the American Hotel & Lodging Association (AHLA) is the sole national association representing all segments of the 8 million jobs the U.S. lodging industry supports, including hotel owners, REITs, chains, franchisees, management companies, independent properties, bed and breakfasts, state hotel associations, and industry suppliers. Headquartered in Washington, D.C., AHLA focuses on strategic advocacy, communications support, and educational resources for an industry that advances long-term career opportunities for employees, invests in local communities across the country and hosts more than one billion guests’ stays in American

hotels every year. AHLA proudly represents a dynamic hotel industry of more than 54,000 properties that supports $1.1 trillion in U.S. sales and generates nearly $170 billion in taxes to local, state and federal governments. Learn more at www.AHLA.com.

With over three decades of experience, more than 150 events completed to-date, and in excess of 100,000 international delegates, BHN conferences have become “must attend” events for industry leaders who come together to network, conduct business, and to learn about the latest trends. BHN events include: the Americas Lodging Investment Summit (ALIS) in Los Angeles; ALIS Law in Los Angeles; ALIS Summer Update; Alternative Ownership Conference Asia Pacific

(AOCAP) in Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum India (HIFI) in Mumbai; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London. The BHN website at www.Burba.com is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world. BHN is a division of Northstar Travel Group.

THE ALIS LEGACY The American Hotel & Lodging Educational Foundation (AHLEF) has benefited from ALIS since its inception in 2002 resulting in scholarships for 1,541 students in 126 universities, more than US$2.8 million for cutting edge research projects, funding for the START program in over 450 high schools and work force training centers, funding for the Lodging Management Program and the Hospitality & Tourism Management Program in 656 high schools and nearly US$5.7 million to support the development of hotel industry educational products.

Contributions as of August 2017

Program and speakers as of January 9, 2018 Page 9 of 9

PROGRAM PLANNING COMMITTEE

Rachel Bates, Latham & Watkins LLP Andrea L. Belfanti, ISHC David Berins, Berins & Co. Billy Brown, LodgeCap Jeff Bullied, The Gettys Group Rich Carlson, IHG Raj Chandnani, WATG | Wimberly Interiors Willis Cheng, JLL Tony De George, HBI Michael DiPrima, Hodges Ward Elliott Michelle Finn, Boutique Design Michelle Flagg, Generator Hostels William Fortier, Hilton Robert Gilbert, HSMAI Ken Greger, AETHOS Consulting Group Robert Harp, GlobalHotelNetwork.com Jeff Higley, Hotel News Now/STR Andrew Holt, Eastdil Secured Andy Ingraham, NABHOOD Eric Jacobs, Marriott International Fern Kanter, CHMWarnick Philip Keb Rick S. Kirkbride, Paul Hastings LLP Adam Lair, HVS Christopher H. Lee, Dentons

Matthew D. LeMaster, Davis Wright Tremaine LLP Jeff Lugosi, CBRE Hotels Tony Malk, HFF Daniel G. M. Marre, Perkins Coie LLP Mike McGeehan, G6 Hospitality Jeff Miller, Wells Fargo Lynette Montoya, LHA Michael Morton, Best Western Hotels & Resorts Greg Mount, RLH Corporation Stephen O'Connor, RobertDouglas Chip Ohlsson, Wyndham Hotel Group Keith Oltchick, Pyramid Hotel Group Dilip Petigara, Access Point Financial, Inc. Peter Phillippi, Piper Jaffray Ruth Ormsby, Carlson Rezidor Hotel Group Chuck Pinkowski, Pinkowski & Company Lynne Roberts, Aimbridge Hospitality Chip Rogers, AAHOA Michael Schroeder, Scottish Development International Chad Sorensen, HAMA Andrew Wharton, REH Capital Partners, LLC David Wilner, La Quinta Inns & Suites Todd Wynne-Parry, Two Roads Hospitality Kristy Young Coleman, Goodwin Procter LLP

DEAL OF THE YEAR AWARDS COMMITTEES

Development of the Year 2017 Committee Chair: JP Ford, Lodging Econometrics Bruce Baltin, CBRE Hotels Raj Chandnani, WATG | Wimberly Interiors Michael Fishbin, EY Bruce Ford, Lodging Econometrics Sandra Kellman, DLA Piper LLP (US) Warren Marr, PwC Suzanne R. Mellen, HVS

Single Asset Transaction of the Year 2017 Committee Chair: John R. Karver, CBRE Hotels Arthur Adler, JLL Mark W. Elliott, Hodges Ward Elliott Thomas McConnell, Cushman & Wakefield Global Hospitality Daniel Peek, HFF Scott Stephens, HREC Investment Advisors Robert Stiles, RobertDouglas Samuel Winterbottom, Newmark Grubb Knight Frank Lawrence Wolfe, Eastdil Secured

Merger & Acquisition of the Year 2017 Committee Chair: Michael Murphy, First Fidelity Companies Arthur Goldfrank, Deutsche Bank Michael Hartmeier, Barclays Capital Lonny Henry, J.P. Morgan Christopher J. Jordan, Wells Fargo Lawrence Kwon, Moelis & Company Matthew Lustig, Lazard Freres & Co. LLC Paul Whyte, Credit Suisse

Jack A. Shaffer Financial Advisor of the Year 2017 Committee Chair: Thomas J. Corcoran, Jr., TCOR Hotel Partners Michael D. Barnello, LaSalle Hotel Properties Anthony Capuano, Marriott International Judy Hendrick, Aimbridge Hospitality Kevin Jacobs, Hilton Worldwide Suzanne R. Mellen, HVS