Organization and Description of Business (Tables)

9 Months Ended

Sep. 30, 2013

Organization and Description of Business

Schedule of number of hotels managed by each third-party manager

As of September 30, 2013, the Company had interests in 28 hotels (the “28 hotels”) held for investment, and the Company’s third-party managers included the following:

	Number of Hotels
	(unaudited)
Subsidiaries of Marriott International, Inc. or Marriott Hotel Services, Inc. (collectively, “Marriott”)	10
Interstate Hotels & Resorts, Inc.	6
Highgate Hotels L.P. and an affiliate	4
Davidson Hotels & Resorts	2
Hilton Worldwide	2
Crestline Hotels & Resorts	1
Dimension Development Company	1
Fairmont Hotels & Resorts (U.S.)	1
Hyatt Corporation	1
Total hotels held for investment	28