1. Source: JLL Asia Pacific Hotel Investment By Tom Oakden

2. Asia Pacific: 2013 was strongest performer since 2007 Source: JLL

3. Japan $2.6 bill 452% Thailand $337.0 mill 38% Singapore $2.2 bill 1,280% China $1.1 bill 8% Hong Kong $486.7 mill 19% The Maldives $267.6 mill 614% Asia Pacific: Investment volumes 2013 vs 2012 Australia $2.0 bill 110% Source: JLL

4. Asia Pacific: Price per key up 62% on strong sales activity Source: JLL

5. RevPAR decline slowing RevPAR growth slowing RevPAR falling RevPAR rising Bali, Maldives, Macau Yangon, Tokyo, Surabaya, Sydney, Melbourne Beijing, Sanya Jakarta Hong Kong, Mumbai Taipei, Seoul Shanghai, Guangzhou Asia Pacific: RevPAR recording improvement across markets Singapore, Kuala Lumpur, Osaka, Fukuoka, Delhi Chengdu, Chennai Manila HCMC, Hanoi, Phuket Bangkok

6. Asia Pacific: Investor profile dominated by investment funds Source: JLL

7. 7 Source: Ministry of Tourism and Creative Economy of the Republic of Indonesia Bali Tourism Overview

8. Source: JLL Recent Transactions in Asia

9. Tune Hotel Indonesia Portfolio USD 55 million Semara Seminyak c. USD 20 million Pan Pacific Bali Nirwana USD 115 million Indonesia

10. Windy Resort Lombok The Latitude Bali In excess of USD 6 million Sold by Indonesia

11. Buddy Resort, Koh Samui Outrigger Laguna Resort, Phuket Manathai Resort, Phuket Kamala Cove, Phuket In excess of USD 55 million Sold by Thailand

12. Jumeirah Dhevanafushi USD 60 million (by JLL H&H) Jumeirah Dhevanafushi USD 60 million Angsana Velavaru USD 71 million Movenpick Mauritius USD 40 million Six Senses Laamu USD 70 million Sold by Indian Ocean

13. Park Hotel Clarke Quay USD 240 million The Westin USD 370 million Grand Park Orchard USD 370 million Gallery Hotel USD 186 million Sold by Singapore

14. Namba Washington Hotel USD 87 million Novotel Koshien USD 25 million Japanese Portfolio c. USD 62 million Sold by Japan

15. Source: JLL Thank You