Generously underwritten by: Mark David, Inc., Kohler Interiors Hospitality Group HD2010 Town Hall Owners’ Roundtable Presented by:

Welcome to the 8 th Annual Town Hall Michelle Finn vice president Hospitality Design Group 2

Education underwriter: Mark Norcross president & CEO Mark David, Inc., Kohler Interiors Hospitality Group 3

Moderator Alan Benjamin, ISHP, ISHC president and CEO Benjamin West co-founder and past president, ISHP 4

Economic Indicator Study of Hospitality Purchasers Prepared for: The International Society of Hospitality Purchasers May 20, Prepared by: The Hospitality Design Group/Nielsen Expositions

PROPERTY SEGMENTS 6

HOTEL PROJECTS IN THE USA/INTERNATIONAL 7

CURRENT HOTEL PROJECTS 8

FREIGHT COSTS & DESTINATIONS 9

PRODUCT ORIGINS 10

NUMBER OF VENDOR RESOURCES 11

GREEN PROJECTS 12

OVERALL VENDOR LEAD TIMES 13

INCREASE IN LEAD TIMES – CATEGORY SPECIFIC 14

VENDOR DEPOSITS 15

PROJECT SCHEDULES 16

CURRENT BUDGETS YEAR-TO-YEAR 17

PRODUCT REPLACEMENT CYCLES 18

BUSINESS GROWTH – CHANGE IN NUMBER OF PROJECTS Past 12 Months Next 12 Months Up Same Down 19

Over 57% of the work is now in the mid-scale segments, with a sharp drop in upper upscale. Mostly located in the Northeast, Central and Southeast regions and an increase in direct to site shipments. A steady “Green” involvement in the project. Varying product lead times and replacement cycles, but increasing deposits. A slightly declining trend toward Asia, but with Asia still over half of all FF&E sourcing. And over half of the ISHP members think business will be up in SUMMARY 20

who’s who: meet the table hosts… 21

C.A. Anderson executive vice president, development and acquisitions Interstate Hotels & Resorts Inc. 22

Mari Balestrazzi senior vice president design Morgans Hotel Group 23

Maki Nakamura Bara managing partner and co-founder The Chartres Lodging Group, LLC 24

John C. Boettger senior vice president – asset management Hilton Worldwide 25

Peter Cyrus managing partner Montclair Hotels 26

Gary D. Dollens global head of franchise & select brands Hyatt Hotels Corporation 27

Michael Everett senior vice president, hospitality investments Destination Hotels & Resorts 28

Donald T. Griner, AIA, LEED AP senior director, design & construction Choice Hotels International 29

Gerard E. Haberman senior vice president development, design and construction Host Hotels & Resorts 30

Helen W. Jorgensen, ISHP, LEED AP vice president of design and procurement Host Hotels & Resorts 31

Ron Kollar chief design officer Tishman Hotel Corporation 32

Igor Krnajski senior vice president of design and construction Denihan Hospitality Group 33

Raul Leal president Desires Hotels 34

Guy Lindsey senior vice president design and construction Sunstone Hotels 35

David McCaslin CEO EAC Hospitality 36

Michael Medzigian chairman and managing partner Watermark Capital Partners 37

Peter Reardon vice president purchasing and procurement White Lodging 38

Richard Senechal, AIA senior vice president, facilities Loews Hotels and Resorts 39

Larry Shupnick senior vice president, development and acquisitions Interstate Hotels & Resorts Inc. 40

Christian Strobel chief development officer Joie de Vivre 41

Michele Sweeting senior vice president, capital planning & procurement Four Seasons Hotels and Resorts 42

Larry Traxler senior vice president global design services Hilton Worldwide 43

Jack VanHartesvelt executive vice president Kennedy Associates Real Estate Counsel, LP 44

Michele Wimpling vice president real estate and development Fairmont Raffles Hotels International 45

Glenn Wilson vice president international interior design Marriott International, Inc. 46

Generously underwritten by: Mark David, Inc., Kohler Interiors Hospitality Group HD2010 Town Hall Owners’ Roundtable Presented by: