Boston Harbor Hotel: A Luxury Waterfront Hotel in Boston, MA Tiburon Research October 18, 2018

Boston Harbor Hotel Comments 1 Founded in 1987 Based in Boston, MA Managing Director: Stephen Johnston Web site: www.bhh.com Source: 10/18/18 Boston Harbor Hotel Web Site; Tiburon Research & Analysis 1

Boston Harbor Hotel History Boston Harbor Hotel was Founded in 1987 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Boston Harbor Hotel History Boston Harbor Hotel Founded Boston Harbor Hotel Today Early Phase Middle Phase Recent Phase Approximate Dates: 1987 XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: 1987: Boston Harbor Hotel founded XXXX: -- XXXX: -- XXXX: -- Source: 10/18/18 Boston Harbor Hotel Web Site; Tiburon Research & Analysis 2

Boston Harbor Hotel was Founded in 1987 Comments Founded in 1987 Based in Boston, MA Managing Director: Stephen Johnston Web site: www.bhh.com Source: 10/18/18 Boston Harbor Hotel Web Site; Tiburon Research & Analysis 3

Boston Harbor Hotel is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 4

Boston Harbor Hotel Web Site Boston Harbor Hotel Has a Web Site with Seven Core Sections, Including Accommodations, Specials, Food & Spirits, Weddings, Meetings & Events, Fitness & Spa, and Gallery Boston Harbor Hotel Web Site Boston Harbor Hotel Web Site Accommodations Gift Cards Specials Food & Spirits Weddings Meetings & Events Fitness & Spa Galley Source: 10/18/18 Boston Harbor Hotel Web Site; Tiburon Research & Analysis 5

Boston Harbor Hotel is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 6

Boston Harbor Hotel Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 7

Boston Harbor Hotel Has Offices Needs data Boston Harbor Hotel Offices Source: Tiburon Research & Analysis 8 8 8

Boston Harbor Hotel Has Employees Needs data Boston Harbor Hotel Employees Source: Tiburon Research & Analysis 9 9 9

Boston Harbor Hotel Serves Clients Needs data Boston Harbor Hotel Clients Source: Tiburon Research & Analysis 10 10 10

Boston Harbor Hotel Generates Revenues Needs data Boston Harbor Hotel Revenues ($ Millions) Source: Tiburon Research & Analysis 11 11 11

Boston Harbor Hotel Earns $___ Million Needs data Boston Harbor Hotel Net Profits ($ Millions) Source: Tiburon Research & Analysis 12 12 12

Boston Harbor Hotel Has a Number of Businesses, Including… -- -- -- -- -- Source: Tiburon Research & Analysis 13

Boston Harbor Hotel’s First Business is _____ Comments -- Source: Tiburon Research & Analysis 14

Boston Harbor Hotel’s Second Business is _____ Comments -- Source: Tiburon Research & Analysis 15

Boston Harbor Hotel is Led by its Managing Director Stephen Johnston Organizational Chart Stephen Johnston Managing Director -- -- -- -- -- Source: 10/18/18 Boston Harbor Hotel Web Site; Tiburon Research & Analysis 16

Boston Harbor Hotel Has a Board of Directors Led by its Chairman… -- -- -- -- -- -- -- -- -- -- Source: Tiburon Research & Analysis

Boston Harbor Hotel is Privately Owned Comments -- Source: Tiburon Research & Analysis 18

Boston Harbor Hotel Has Assets Needs data Boston Harbor Hotel Assets ($ Millions) Source: Tiburon Research & Analysis 19 19 19

Boston Harbor Hotel Has Liabilities Needs data Boston Harbor Hotel Liabilities ($ Millions) Source: Tiburon Research & Analysis 20 20 20

Boston Harbor Hotel Has Shareholders’ Equity Needs data Boston Harbor Hotel Shareholders Equity ($ Millions) Source: Tiburon Research & Analysis 21 21 21

Boston Harbor Hotel Earns … Per Share Needs data Boston Harbor Hotel Earnings Per Share Source: Tiburon Research & Analysis 22 22 22

Boston Harbor Hotel Declares … Dividends Per Share Needs data Boston Harbor Hotel Dividends Per Share Source: Tiburon Research & Analysis 23 23 23

Boston Harbor Hotel Has a … Dividend Yield Needs data Boston Harbor Hotel Dividend Yield Source: Tiburon Research & Analysis 24 24 24

Boston Harbor Hotel’s Stock Price is … Needs data Boston Harbor Hotel Stock Price Source: Tiburon Research & Analysis 25 25 25

Boston Harbor Hotel Has … Shares Outstanding Needs data Boston Harbor Hotel Shares Outstanding Source: Tiburon Research & Analysis 26 26 26

Boston Harbor Hotel’s Market Capitalization is … Needs data Boston Harbor Hotel Market Capitalization ($ Millions) Source: Tiburon Research & Analysis 27 27 27

Boston Harbor Hotel is Owned by …. Needs data Boston Harbor Hotel Ownership By Owner Source: Tiburon Research & Analysis 28 28 28

Boston Harbor Hotel’s Stock Volume is…. Needs data Boston Harbor Hotel Stock Volume Source: Tiburon Research & Analysis 29 29 29

Tiburon Strategic Advisors Comments Focus on corporate-level strategy Serve senior executives only at financial services companies Key services: market seminars, market research, & strategy consulting Served over 450 corporate clients and completed over 2,100 projects since 1998 Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors Chip Roame background McKinsey & Company Charles Schwab & Company Tiburon since 1998 Source: Tiburon Research & Analysis