Mr. Knight has served as President of the Company since its inception and was appointed Chief Executive Officer of the Company in May 2014. Mr. Knight has also served as President of Apple REIT Ten, Inc. since its inception. In addition, Mr. Knight served as President of Apple REIT Seven, Inc. and Apple REIT Eight, Inc. until the mergers with the Company were completed in March 2014. Mr. Knight also served as President of Apple Hospitality Two, Inc. until it was sold to an affiliate of ING Clarion in May 2007, as President of Apple Hospitality Five, Inc. until it was sold to Inland American Real Estate Trust, Inc. in October 2007, and as President of Apple REIT Six, Inc. until it merged with an affiliate of Blackstone Real Estate Partners VII in May 2013. Mr. Knight joined the Apple REIT Companies in 2000. Apple Hospitality Two, Inc., Apple Hospitality Five, Inc., Apple REIT Six, Inc., Apple REIT Seven, Inc. and Apple REIT Eight, Inc. were real estate investment trusts. Mr. Knight currently serves on the Board of Trustees for Southern Virginia University in Buena Vista, Virginia. Mr. Knight serves on the Marriott Owners Advisory Council, the Residence Inn Association Board, the American Hotel and Lodging Association Board of Directors and is the Co-chair of the American Hotel and Lodging Association Owners Council. Mr. Knight is also a member of the national advisory council for the Marriott School. He is a board member for the Valentine Museum, Venture Richmond and St. Michael’s Episcopal School. Mr. Knight holds a Master of Business Administration degree with an emphasis in Corporate Strategy and Finance from the Marriott School at Brigham Young University, Provo, Utah. He also holds a Bachelor of Arts degree, Cum Laude, in Political Science from Brigham Young University, Provo, Utah. Mr. Knight has been a member of the Company’s Board of Directors since January 1, 2015. Mr. Knight currently serves on the Company’s Executive Committee.

A 20-year veteran to the luxury hospitality industry, Bill provides Viceroy Hotel Group with a truly global perspective, bringing extensive senior management experience with leading international hospitality companies, including Jumeirah Group, The Doyle Collection and Kempinski Hotels and Resorts. As the CEO of the Doyle Collection, Bill led the brand through its reinvention into a modern luxury urban hotel group that includes eleven hotels in the USA and Europe.

Prior to The Doyle Collection, he served as Chief Marketing Officer for Dubai based Jumeirah Group at a time of tremendous growth for the international luxury hospitality group.

Bill's international experience and recognition as a leader within the industry will enable him to lead the continued growth and development of Viceroy Hotel Group.

Jay Stein is Chief Executive Officer at Dream Hotel Group, responsible for the successful evolution, growth and expansion efforts of the Company and its portfolio of brands: Dream Hotels, The Chatwal, Unscripted Hotels and new By Dream Hotel Group collection. With over four decades of experience and nearly 30 years with Dream Hotel Group, Stein has worked in a variety of property and corporate roles at some of the world’s leading hospitality groups and boutique lifestyle brands, including Hilton Worldwide, Starwood Hotels & Resorts and Doral Hotels.

Jay Stein began his career in 1983 with Hilton Worldwide at the Vista International Hotel in the World Trade Center in New York City. A veteran of food and beverage management, Stein turned his sights to hotel operations in 1987 and quickly rose through the ranks to become Managing Director for three Doral Hotels in New York City. In 1995, after taking two of those properties through the transition to Starwood, Stein stayed on as Area General Manager for almost three years with Starwood. He joined Dream Hotel Group as Executive Vice President of Operations in 1997 and was promoted to Chief Operating Officer soon thereafter overseeing all new and existing hotel operations and playing a vital role in the company’s global expansion efforts. Stein was named Chief Executive Officer in 2015.

An engaged professional dedicated to making a difference, Stein is a true ambassador for the industry, having spoken on numerous panels at conferences worldwide and having served as adjunct professor for the Hospitality programs at NYC College of Technology and New York University.

Joel is Chief Development Officer, the Americas, InterContinental Hotels Group (IHG). He is also a member of our Regional Executive Committee.

In this role, Joel is responsible for leading all development and conversion activities (both managed and franchised) in the Americas region across the company's brands. Joel is also responsible for the company's Transactions & Asset Management group for the Americas which handles dispositions, workouts and restructurings and asset management. Additionally, he also heads up the region's Owner & Franchise Services team which focuses on attracting, supporting and growing with those owners and franchisees who will strengthen the company's continued brand growth, distribution and preference.

Joel was previously with Marriott International for 29 years, where he held a number of senior positions including Chief Owner & Franchise Relations Officer; Chief Development Officer, Select Service and Extended-Stay Brands; Executive Vice President, Global Asset Management; and Senior Vice President, Lodging Development, Asia/Pacific, based in Hong Kong. Prior to joining Marriott, he was with Laventhol & Horwath in Tampa, Florida for 3 years.

He serves on a variety of committees and boards including the AH&LA Government Affairs Committee, the AH&LA HotelPAC, Fellow of the Cornell Center for Real Estate Finance, member of the Hotel Development Council at the Urban Land Institute, and on the Executive Planning Committee for the New York University International Hospitality Industry Investment Conference.

Joel is a graduate of the Master of Professional Studies program at Cornell University's School of Hotel Administration, and he received his A.B. degree in Economics from Stanford University.

Mr. Bruce G. Wiles, CPA, serves as a Managing Partner of Real Estate at Brookfield Asset Management Inc. He serves as the Managing Partner of Real Estate for Hospitality at Brookfield Property Partners Limited. Mr. Wiles serves as the President and Chief Operating Officer at Thayer Lodging Group and has been its Managing Director and Principal since April 16, 2007. He serves as Senior Advisor to Thayer Ventures, a venture capital fund with a focus on travel and hospitality.

Jay H. Shah is Hersha Hospitality Trust's Chief Executive Officer and a member of the Board of Trustees. Mr. Shah is involved in all areas of the business with a particular emphasis on strategic relationships, capital transactions, asset management, and acquisitions.

Prior to Hersha, Mr. Shah formed Shah & Byler, LLP, a law firm specializing in real estate and construction and was also a consultant at the former Coopers & Lybrand LLP, now PricewaterhouseCoopers. Mr. Shah served as a legislative assistant to the late Senator John Heinz on Capitol Hill and has also worked with the Philadelphia District Attorney's office.

Mr. Shah received a Bachelor of Science degree from the Cornell University School of Hotel Administration, a Master’s degree from the Temple University’s Fox School of Business, and a Law degree from Temple University School of Law.

Mr. Shah serves on the Board of Trustees of The Episcopal Academy and Cornell University Dean’s Advisory Board for the School of Hotel Administration. He is also a member of the Dean’s Council for Temple University’s Fox School of Business, Urban Land Institute’s Hotel Development Council, American Hotel & Lodging Association’s Board of Directors, Pennsylvania Academy of the Fine Arts, and President’s Leadership Council for Thomas Jefferson University and Jefferson Health.

Jim Abrahamson is Interstate Hotels & Resorts' chief executive officer responsible for the Company's overall performance and global growth of its management portfolio and he serves as an executive director on the Company's Board of Directors. Interstate Hotels & Resorts, the leading U.S.-based global hotel management company, currently operates nearly 460 hotels with 82,000 rooms spanning North America, the UK and Ireland, Europe, Russia and China.

Prior to joining Interstate in 2011, Jim held senior leadership positions with InterContinental Hotels Group (IHG), Hyatt Corporation, Marcus Corporation and Hilton Worldwide.

Jim is active in the hospitality industry and community affairs. He currently serves as national chair of the American Hotel and Lodging Association (AH&LA) and as immediate past national chair of the U.S. Travel Association (USTA). He is on the advisory board of the Cornell University Pillsbury Institute for Hospitality Entrepreneurship and the DePaul School of Hospitality Leadership, and also serves on the advisory board at Emory University Eye Clinic. Jim holds a degree in Business Administration from the University of Minnesota.

David Kuperberg is the Head of Development, Dream Hotels at Hyatt. In this role, Kuperberg is

responsible for the continued growth and success of Dream Hotel Group’s portfolio of lifestyle brands,

which includes Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels, in emerging and

established markets worldwide. He most recently served as Senior Vice President of Development for

Virgin Hotels prior to joining Dream Hotel Group in 2013.

Kuperberg started his hospitality career in 2004 as Senior Director of Mergers and Acquisitions with

Wyndham Worldwide Corporation, where he oversaw the acquisition of Ramada International from

Marriott, which included more than 200 hotels and resorts worldwide and later launched Wyndham’s

international hotel business. He was then appointed to Vice President of Global Development and

Strategy where he achieved great success leading the acquisition of the TRYP brand from Sol Melia,

representing 94 hotels across Europe and South America, as well as a joint venture with Malta-based

Corinthia Group to acquire and rebrand its 15 European hotels under Wyndham flags.

Prior to joining Wyndham, Kuperberg served as an associate for True North Capital, a New York-based

private equity group and merchant bank that provides financing solutions to companies in the U.S. and

Europe. He also worked as a strategy consultant for Computer Sciences Corporation, where he gained

invaluable experience in the Management Consulting division.

Kuperberg holds a Master of Management degree from Yale University. He earned his Bachelor of Arts

degree in History from the University of California at Berkeley.

David Pepper is chief development officer for worldwide lodging franchisor Choice Hotels International, Inc. A member of the senior executive team, he is responsible for driving unit growth for each of the company’s brands in key markets worldwide. Mr. Pepper has been responsible for leading franchise sales to record levels during his tenure at Choice.

Mr. Pepper joined Choice in 2002 as vice president of franchise sales and development for the company’s new construction brands, and became senior vice president of franchise development for North America in 2004. In this role, Mr. Pepper led Choice’s acquisition of Suburban Extended Stay, and served as an integral part of the team that launched the Cambria hotels & suites brand. While adding these brands to the Choice portfolio, Mr. Pepper took on additional roles in brand strategy and operations of the company’s upscale and extended-stay brands, including marketing, design and construction, franchise development, franchise services and quality assurance.

Mr. Pepper was named to his current position as chief development officer in November 2015 after serving as senior vice president, global franchise development, since 2009. Prior to Choice, Mr. Pepper spent six years with US Franchise Systems as vice president of franchise sales for Hawthorn Suites and Microtel Inns. He also spent five years with Holiday Inn Worldwide as director of franchise sales.

A graduate of Tufts University, Mr. Pepper has over 25 years of experience in the hospitality industry and is actively involved in a number of industry organizations, including the NYU International Hospitality Industry Investment Conference, UJA-Hospitality Division and was past Chairman of the Council of Inn and Suites for the American Hotel and Lodging Association.

Chip Ohlsson is executive vice president and chief development officer, North America, for Wyndham Hotels &

Resorts, the world’s largest hotel-franchising company. In this role, he is responsible for the development

strategy for Wyndham’s 22 brands across North America, identifying and building strategic partnerships to

position Wyndham in new markets and increase presence in existing markets.

Ohlsson is also responsible for strengthening and expanding relationships with owners

and key ownership groups including real-estate investment trusts, developers and

financial institutions with hospitality portfolios. Wyndham Hotels & Resorts partners with

owners to provide powerful marketing and sales programs to drive reservations to hotels

while the company’s competitive online travel agencies and supplier pricing reduces

costs for hotel owners.

A 30-year veteran of the hospitality industry, Ohlsson brings with him hotel financing and portfolio management

experience, as well as many established industry relationships. Ohlsson, previously served as vice president of

North American development at Starwood Hotels & Resorts. Prior to this, Ohlsson held several leadership

positions across the industry including senior vice president, vice president and franchise sales director with

Cendant/Wyndham. During this time he oversaw sales, business development and financial management

initiatives and was consistently a top sales producer, earning accolades including Vice President of the Year.

Jonathan P. Mehlman has served as a director of Hospitality Investors Trust, Inc. since March 2017, and also serves as the Company’s Chief Executive Officer and President. Previously, Mr. Mehlman served as executive vice president and chief investment officer of the Company from its formation in July 2013 until December 2014. Mr. Mehlman has 22 years of experience in the real estate investment banking and capital markets with significant focus in the hospitality sector. Within the real estate industry, Mr. Mehlman has acted as a Mergers and Acquisitions advisor, investment banker and lender and has many years of experience coordinating transaction activity for public and private global hotel brands and U.S. hotel REITs. From August 2012 until January 2013, Mr. Mehlman was co-head of the real estate advisory group at KPMG before joining AR Capital, LLC (“AR Capital”), the predecessor to AR Global Investments, LLC (“AR Global”), in January 2013 as an executive vice president and managing director. During his tenure as an executive officer of the Company until the Initial Closing in March 2017, when we transitioned to self-management, Mr. Mehlman also served in the same capacity as an executive officer of the Former Advisor and the Former Property Manager. From September 2009 through August 2011, Mr. Mehlman was co-head of the lodging and gaming investment banking business for Citadel Securities. From August 2008 to September 2009, Mr. Mehlman served as head of the real estate advisory group at HSBC. From 2005 to 2008, Mr. Mehlman led the hospitality investment banking effort for Citigroup Global Markets. From 1993 to 2005, he worked at Deutsche Bank Securities and its predecessor company, Bankers Trust Company, in the real estate investment banking group, specializing in the business development and client coverage within the hospitality sector and for real estate private equity sponsors. Mr. Mehlman received his bachelor of arts in history of art from the University of Michigan as well as a master in business administration with a focus in real estate and finance from the University of North Carolina.

Vera Manoukian, President and Chief Operating Officer of Denihan Hospitality, is responsible for the operations and management of the company and accelerating pipeline growth of the portfolio. She is a seasoned professional with over 30 years of experience in the hospitality industry. Prior to Denihan, she served as Senior Vice President of Operations leading Starwood’s largest geographic region with 68 properties, delivering over $3.4 billion in revenue with 7 brands and 35,000 rooms in both full service and luxury hotels. Throughout her career, Vera has been recognized for her operational excellence and maximizing financial performance, while also successfully managing a growth and development pipeline. Manoukian holds an MBA from the University of Southern New Hampshire, specializing in Marketing and a Bachelor of Science degree from Rivier University of New Hampshire.

Naveen Kakarla is the President and Chief Executive Officer and also on the Board of Directors

of HHM, which manages over 120 hotels in the Northeast, Florida, and California. These hotels

range from three to five star properties in urban and leisure resort destinations.

Naveen is responsible for HHM’s investment and fund management, acquisitions and

development, finance and accounting, human resources, and capital projects. He prior led

HHM’s New York City region and also oversaw its construction and technical services division.

Prior to joining Hersha in 2005, Naveen worked with a private equity firm and its portfolio

companies on early stage investments and "roll ups" in various industries. Naveen had been an

active real estate investor in the multifamily space prior to joining Hersha.

Outside the real estate sector, Naveen was previously a partner specializing in corporate and

securities law at the national law firm of Jenkens & Gilchrist, P.C., and was previously associated

with Akin, Gump, Strauss, Hauer Feld, LLP in Washington D.C. Naveen earned a Bachelor of Arts

from Austin College and a law degree from Cornell Law School.

J.W. Marriott, Jr. is Executive Chairman and Chairman of the Board of Marriott International, Inc., one of the world's largest lodging companies. He was Chief Executive Officer and Chairman of the Board for 40 years, before stepping down on March 31, 2012. His leadership spans nearly 60 years, and he has taken Marriott from a family restaurant business to a global lodging company with more than 4,200 properties in 80 countries and territories.

[Read his blog: www.marriottonthemove.com]

Known throughout the industry for his hands-on management style, Mr. Marriott has built a highly regarded culture that emphasizes the importance of Marriott’s people and recognizes the value they bring to the organization. Today, there are approximately 365,000 employees at the company’s headquarters and other offices, and at managed and franchised property locations.

With her extensive history in the industry and keen understanding of the markets, Suzanne R. Mellen, MAI, CRE, FRICS, ISHC, sets new standards for hospitality and gaming valuation.

Suzanne is the Senior Managing Director of Consulting & Valuation for HVS San Francisco, Las Vegas, and Los Angeles offices, and HVS Gaming Services. She has unparalleled experience, having appraised thousands of hotels, gaming assets, and related real estate throughout the world over the past 35 years. She specializes in complex hotel and casino feasibility issues and is nationally recognized for her industry expertise. In 2012 and 2013, she led the valuation of several high-profile multi-billion dollar hotel portfolios. In that time she also developed an expertise in the valuation of casinos for assessment purposes and recently testified as an expert witness in one of the nation’s largest casino property tax cases.

Suzanne opened the second office of HVS in 1985, locating in San Francisco to expand the firm’s hospitality valuation services to the West Coast. She also led HVS’ expansion to Las Vegas (2009) and Los Angeles (2013). She has grown her practice from that of a solo practitioner to a current staff of 20; offices under her leadership are renowned for excellence and integrity. Suzanne has also developed innovative appraisal methodologies such as a mortgage-equity income capitalization formula for variable income properties, a refinancing model for hotel investments, and a methodology for valuing the real property component of casinos in Pennsylvania, where gaming has been newly established. As an in-demand presenter for conferences throughout the United States, Suzanne has spoken at numerous industry events that include annual appearances at JMBM’s Meet the Money and the Americas Lodging Investment Summit (ALIS).

Suzanne holds the following designations: MAI (Appraisal Institute), CRE (Counselor of Real Estate), FRICS (Fellow of the Royal Institution of Chartered Surveyors), and ISHC (International Society of Hospitality Consultants). Her professional experience includes consulting and appraisal positions with HVS New York, Morgan Guaranty Trust, Laventhol & Horwath, and Helmsley-Spear Hospitality Services, Inc. in New York City and Harley-Little Associates in Toronto, Canada. She gained her operational experience at the Plaza Hotel in New York. Suzanne earned her B.S. degree in Hotel Administration from Cornell University.

Steven Kisielica is one of the founding Principals of Lodging Capital Partners, LLC. Mr. Kisielica’s primary role at LCP is to manage the company’s acquisition and disposition program. Prior to starting LCP, Steve was Senior Vice President, Acquisitions and Development of Strategic Hotel Capital Inc. (“SHC”). SHC is an owner and asset manager of luxury hotels and resorts on a global basis. Steve helped build this company from the ground up in 1997, and it quickly became a multi-billion dollar, internationally recognized organization. The company completed an initial public offering in June 2004, and Mr. Kisielica was one of the executive officers of this public company. Steve was responsible for all acquisition and development functions for the company. His primary responsibilities included sourcing and negotiating potential acquisitions, management contracts, closing documents, and property dispositions. Additionally, he oversaw the underwriting process, including market studies and financial analysis for all potential transactions. In his tenure at SHC, Steve has been directly involved in the acquisition of over thirty hotel transactions totaling nearly $3.5 billion located in the United States, Mexico and Europe.

Prior to forming SHC, Mr. Kisielica held senior positions at Geller & Co., Kenneth Leventhal & Co. and Hospitality Valuation Services.

Steve is a graduate of Michigan State University’s School of Business with an emphasis in finance and hotel, restaurant and institutional Management. Steve has recently been awarded the Alumni Achievement Award from the Michigan State University Eli Broad College of Business. Steve was also included as one of 2009’s “40 under 40” in Crain’s Chicago Business.

Steve has been a guest lecturer at various industry functions and educational facilities, including the American Lodging Investment Summit, NYU Hospitality Investment Conference, New York, Denver, Cornell and Michigan State Universities. Additionally, Steve is an active member of the Urban Land Institute and the Lodging Industry Investment Council.

Jason leads the originations platform in the Americas for Nuveen Real Estate and is focused on further expanding the firm’s third-party real estate debt business.

Prior to joining the business in 2018, Jason was a managing director at ACORE Capital where he led a team responsible for the sourcing and execution of structured finance investments, including mortgage, mezzanine and preferred equity. As one of the initial employees of ACORE, he helped grow the firm from a start-up, to one of the largest private lenders in the United States, with $9 billion AUM in just under three years. Jason has also held a number of roles at GE Capital Real Estate. Most recently he was a senior director in the strategic capital group focused on whole loan origination with institutional clients.

Jason graduated with a B.S. from Illinois State University and an M.B.A. from The Wharton School. He is a graduate of the GE Capital Financial Management Programme with roles including finance, underwriting and M&A and is a member of Commercial Real Estate Finance Council.

Mr. Bhoopathy is a managing principal and head of capital markets responsible for debt relationships, asset

dispositions, and transaction management. In addition, he leads contract documentation and closings

related to new acquisitions, development, and financing for all investments.

Mr. Bhoopathy has more than 23 years of hospitality industry experience and has participated in more than

$4.5 billion worth of real estate transactions for the Noble organization since joining the firm in 1999. He

became a partner in 2006 and is a regular panelist at lodging, investment, and financing conferences.

Mr. Bhoopathy earned a BS from the Cornell University School of Hospitality and is a past-president of the

Cornell Georgia Chapter and the Atlanta Hospitality Alliance. He is also a member of the Atlanta Capital

Markets Council for the Urban Land Institute.

Corry Oakes is a Founding Partner, the President and Chief Executive Officer of OTO Development. He serves on the Franchise Advisory Council for Hyatt Place by Hyatt and is the President for the AC by Marriott Advisory Council. Mr. Oakes was previously the Chief Operating Officer and President of Extended Stay America, Inc, a NYSE listed lodging chain with 475 locations, representing three national brands in 42 states. Extended Stay America, Inc. was the fastest growing owner-operated hotel chain in lodging history prior to selling to Blackstone in 2004 for over $3.1 billion dollars. Mr. Oakes had responsibility for all aspects of the development and operation of the company.

Phil Keb leads the development of all brands under Langham Hospitality Group to grow the portfolio throughout North America and Europe. With over 25 years of experience in hospitality development projects, Phil has a strong track record developing diverse mixed use projects in different market segments from luxury to lifestyle brands.

Mehul B. “Mike” Patel was born in Valsad, Gujarat, India, and immigrated to the United States with his family when he was 14 years old. After graduating from high school in Garland, Texas, he earned an associate's degree in Business from Richland College, Dallas, in 1998. Two years later, he earned a bachelor’s degree in Computer Information Systems from the University of Texas at Arlington.

Mehul is a second-generation hotelier who learned the lodging business from his father. Mehul and his brother acquired their first hotel, an independent property, in 1994 when Mehul was only 17 years old. He quickly mastered the deal-making skills that have been critical for purchasing and developing 26 hotels during his career as an hotelier. As many hotel owners in the Southwest have discovered, Mehul is also very willing to share his hard-earned knowledge.

Mehul began a three-year term on the AAHOA Board of Directors in March 2005 as the North Texas Regional Director. He is the chairman and CEO of Sagestar Hotels, Ltd., Dallas, a company that owns, manages, builds and sells lodging properties.

In addition to his membership in AAHOA, Mehul is active in the American Hotel & Motel Association and the National Association of Government Guaranteed Lenders. He is multi-lingual in English, Gujarati, and Hindi.

Rob Palleschi is the Chief Executive Officer of G6

Hospitality, the parent company of the iconic

brands Motel 6 and Studio 6. Rob joined G6

Hospitality in February 2017 as the new Chief

Development Officer. In this role, Rob was

responsible for leading the strategic growth of

the enterprise’s franchise development group,

driving forward business partnerships, and

identifying ways to best leverage the company’s

successful domestic platform with international

growth. He successfully led G6 through

year-over-year growth within franchising and

also expansion into India.

A seasoned leader with more than 30 years of

experience in the hospitality and food &

beverage industries, Rob has a proven track

record of successfully developing and executing

global strategies that focused on revenue

growth, product quality and guest experience.

Prior to G6 Hospitality, Rob served as the Chief

Executive Officer of TGI Fridays and spent 12

years at Hilton Worldwide as global head of

full-service brands where he was responsible for

global growth and brand performance for Hilton,

DoubleTree, and Curio by Hilton brands.

A graduate of Johnson & Wales University, Rob is

actively involved in key industry organizations,

including AAHOA and AHLA.

Michael Dean serves as chief development officer, Americas, for Carlson Rezidor Hotel Group, responsible for growing the brand sthrough franchise development and management agreements. Previously he was Managing Director at GE Capital where he played a pivotal role in creating the franchise finance division hotel construction lending program. In this role he worked closely with all of the major international hotel franchise companies designing finance programs targeted to their ownership base.After receiving his Bachelor of Science degree from the School of Hotel Management at Florida International University in Miami. Michael worked at Hyatt,Marriott, and IHG hotels before starting Rockgate Management Company. He served as a partner and CEO of this international ownership and management company. He then served in strategic roles with both Saratoga Hotel Group and Intell Management & Investments.Through his numerous industry speaking engagements, he is a frequent contributor to both charitable and industry equality initiatives.Michael splits time together with his wife Lisa and their children Samantha and Thomas between NY, AZ and MN.

Dave Pollin is the Co-Founder and President of The Buccini/Pollin Group (“BPG”), co-

headquartered in Washington, DC and Wilmington, DE. He also serves as Chairman of PM Hotel

Group, the hotel management affiliate of BPG. Mr. Pollin leads the firms’ hotel acquisition,

development and capital markets efforts.

The Buccini/Pollin Group has acquired and developed over $5 billion of properties in every real

estate asset class throughout the United States since its founding in 1993. BPG is the developer,

owner and operator of over 50 hotels, seven million square feet of office space, 15 major

residential communities, numerous retail properties, and multiple sports/entertainment venues.

Among BPG’s affiliates, PM Hotel Group manages 60+ hotels and over $600mm of managed

revenue, ranking it as the 15th largest independent hotel management company in the US

(pmhotegroup.com). BPGS Construction has 60+ associates focused on general contracting,

tenant improvements and owner representation services (bpgsconstruction.com). BPG 360

develops and manages office projects for BPG (bpg360.com), while Reside BPG oversees the

company’s multi-family residential efforts (residebpg.com). Corten Real Estate Partners was

formed in 2018 to be BPG’s discretionary fund vehicle and has several investments closed or in

the pipeline. The principals of BPG are also co-founders and owners of Major League Soccer’s

Philadelphia Union, having developed and constructed Talen Energy Stadium, the team’s home

field in Chester, Pennsylvania.

Mr. Pollin’s current affiliations include: Cornell University School of Hotel Administration’s Dean’s

Advisory Board; Cornell University Council; Vice President of the Economic Club of Washington;

Trustee of the Federal City Council; Trustee of The Holton Arms School in Bethesda, Maryland;

Canopy by Hilton’s Owner Advisory Council; Education Chair of YPO Gold US Capital Chapter;

and Founding Board Member of Founders Bank in Washington, DC. In years past, Mr. Pollin

served on the Monument Bank (now Revere Bank) Board of Directors; Starwood Hotels & Resorts

North American Owner’s Advisory Council; Owner Advisory Council of Hilton’s Embassy Suites

brand; Co-Founder and President of the Board of Starlight Children’s Foundation MidAtlantic; and

Regional Chair of the Northeast US Region of the Young Presidents Organization. Prior to co-

founding The Buccini/Pollin Group and PM Hotel Group, Mr. Pollin was a consultant with

Laventhol & Horwath and worked in operations with Westin and Sheraton. David Pollin graduated

from Cornell University’s School of Hotel Administration.

A well-known and venerated industry veteran, Richard Millard was at the helm of Trust Hospitality for over three decades before joining Highgate to lead business development and owner relations efforts in the region. Prior to joining Trust, the UK-born hotelier served in management positions with some of the world’s most recognized hotel companies, including Hyatt, Sheraton and Hilton. A self-described “lifetime hotelier,” Richard continues to guide Trust’s development and growth.

Daniel H. Lesser brings more than 30 years of expertise in a wide range of hospitality operational, investment counseling, valuation, advisory, and transactional services. He provides services to corporate, institutional, and individual clients as well as public agencies on all facets of hospitality real estate including: litigation support and expert testimony, site evaluation, highest and best use analysis, appraisals for mortgage, acquisition, and portfolio management, workout strategies, operational analysis, property tax assessment appeal evaluations, economic impact studies, deal structuring, and fairness opinions. Mr. Lesser is a leading authority on hotel feasibility and valuation, and is highly sought after to speak at lodging and real estate events, as well as lectures at prestigious institutions of higher education, including Cornell University, Columbia University and New York University. He is widely published and quoted, and serves as a quarterly columnist for HotelNewsNow.com and GlobeSt.com. Most recently, Mr. Lesser created and served as the Senior Managing Director - Industry Leader of the Hospitality & Gaming Valuation Advisory Services Group at CB Richard Ellis Hotels (CBRE). Prior to joining CBRE, Mr. Lesser founded and led the Hospitality & Gaming Group at Cushman & Wakefield and was a founding member of the team at HVS International. Mr. Lesser has also held operational and administrative positions with Hilton Hotels Corporation and Eurotels - Switzerland. He earned a Bachelor of Science degree in Hotel Administration from Cornell University, and also attended the Ecole hôtelière de Lausanne, Switzerland and Baruch College - City University of New York. Mr. Lesser holds the following professional designations: MAI (Member of the Appraisal Institute), FRICS (Fellow of The Royal Institution of Chartered Surveyors), CRE (Counselor of Real Estate), and CHA (Certified Hotel Administrator). Mr. Lesser is a member of and has served on numerous committees for the Counselors of Real Estate, the Appraisal Institute, the American Hotel & Lodging Association, and the Board of Directors of the New York City Chapter of the Cornell Hotel Society. He is a former Advisory Board member and member of the Fundraising Subcommittee for the New York University Preston Robert Tisch Center for Hospitality, Tourism and Sports Management. Mr. Lesser is a founding member of the Lodging Industry Investment Council (LIIC), the hotel industry “think tank.” Furthermore, Mr. Lesser served as an Honorary Committee Member of the annual UJA - Federation New York Hotel & Hospitality Division Dinner, and is a member of the AIPAC Real Estate Division.

Russ Shattan is the Senior Vice President of Acquisitions & Development of MCR Development. He is responsible for acquisitions, dispositions, development, asset management, and capital markets activities. Prior to MCR, Mr. Shattan was a Senior Manager in the Real Estate Group at Starwood Hotels & Resorts, where he was involved in development, dispositions, and capital planning efforts for Starwood’s North American Development and Feasibility teams. Mr. Shattan is a graduate of Cornell.

Sean Stadler, FAIA, LEED AP is a Design Principal and Managing Principal of WDG where he focuses on elevating the firm’s stature in design, with particular emphasis on enhancing the civic realm. He is directly responsible for leading the planning, re-zoning and design of complex, high-profile urban projects, bolstering WDG’s reputation for sustainable and distinctive, mid- and high-rise structures with contemporary urban sensitivity. Mr. Stadler’s diverse experience includes commercial, residential, hospitality, educational, and sporting facilities. He is a member of the AIA College of Fellows, and he has been honored with an AIA President’s Award for his service to the profession and was recognized as one of the “rising stars of the AEC industry” by Building Design + Construction Magazine in 2009. He is a recipient of the 2011 AIA Young Architects award where the jury noted that “he is a unique individual of outstanding talent and clear commitment.”

Prior to joining The Sydell Group, Joshua worked as an associate in the real estate group at the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP where he gained a wide variety of transactional real estate experience including acquisitions, dispositions, financings, joint ventures and leasing. Previously, Joshua specialized in real estate finance at the law firm Kaye Scholer LLP. Before attending law school, Josh worked as a marketing strategy consultant for Rosetta Marketing Strategies and as a management consultant for Deloitte Consulting and American Management Systems.

Chuck Lathem, equity owner and Managing Director, is the head of Clarion Partners’ Hospitality Investments Group. He is responsible for the oversight of the firm’s portfolio of investments in the hospitality sector; and also managing relationships with hotel operators and partners. During the course of his career, he has completed the acquisition and/or development of hotels totaling more than $3.5 billion, including $1.5 billion since joining Clarion Partners. His prior real estate investment management experience includes managing and restructuring the Teacher Retirement System of Texas’ $2 billion real estate portfolio. Chuck joined Clarion Partners in 2006 and began his career in the real estate industry in 1981. He is a member of the Pension Real Estate Association and the Hospitality Asset Managers Association.

Bill Strang serves as President of the Americas’ Operations for TOTO USA and Chairman of TOTO Mexico. In these capacities, he is responsible for all of TOTO’s North American operations, including supply chain, design and development engineering, quality, ISO, environmental resource management, and management of TOTO’s five North American plants with 1.8 million sf under roof.

Under Bill’s leadership, TOTO has received numerous awards and recognitions for its leadership in environmental resource conservation, including the U.S. EPA’s Water Efficiency Leadership award (TOTO is the only plumbing manufacturer so honored); former Georgia Governor Sonny Perdue’s Water Conservation Leadership award; the South face Sustainable Homebuilders’ Argon* award; the City of Atlanta’s Phoenix Award, and the Chattahoochee Riverkeeper’s River Sustainability award. Recently, the Brookings Institution distinguished TOTO for its leadership in Clean Economy jobs creation.

Dilip Petigara serves as chief executive officer. He has more than 23 years of experience in both the hospitality and finance industries. Petigara joined Access Point Financial from a real estate and capital advisory service firm which focused on hospitality. Prior to his advisory role, he served as senior vice president of Specialty Finance Group (SFG). His responsibilities included management of loan operations, internal credit approval, closing/funding and asset management with specific focus on support to participations, syndications and reporting to warehouse lenders. Prior to SFG, Petigara served as assistant vice president and senior underwriter at GMAC Commercial Mortgage – Asset Backed Lending Division.

Petigara has a Bachelor of Business Administration in Marketing and a Masters of Business Administration in Finance from Temple University, a Juris Doctor degree from Widener University School of Law and a Master of Laws degree in Taxation from the University of Miami – School of Law.

Rani oversees Virgin Hotels growth in North America and works closely with capital partners and strategic investors to increase management agreements and equity positions for new and existing properties.

Rani was most recently the Principal at Cedar Funds, a New York City based hotel and real estate development and investment firm with a focus on progressive hotel assets. Prior to launching Cedar Funds, he worked in key positions in the hotel and real estate industries for over 19 years. He was regional Director of Development MEA, with InterContinental Hotels Group (IHG), where he was responsible for actively expanding IHG’s premier hotel brands, including InterContinental, Hotel Indigo, and Holiday Inn. In this position, he oversaw and contributed to the growth of 19 hotels worth over $1.8 B in real estate value. Prior to IHG, Mr. Gharbié worked for Jones Lang LaSalle where he advised key clients on real estate investment and development projects valued at $4.2 B.

Rani is an Adjunct Professor at Columbia University’s Master in Real Estate program in New York. He holds a Master degree from that program, an MBA from the HEC Business School in Montréal, a Bachelor degree in Hotel Management from the Glion Hotel School in Switzerland, and a Certificate in Hotel Real Estate Investments and Asset Management from Cornell University in New York.

Kathleen (Kat) Chiechi Flores is executive vice president of Brands and Innovation at Trump Hotel Group, responsible for the conceptualization and execution of the Company's recently announced brands, SCION™ Hotels and Resorts and American IDEA™ Hotels. She is also responsible for brand essence, innovation and experience across the portfolio, which includes the Group’s luxury flagship brand Trump Hotels™. Flores joined Trump Hotel Group from The Assemblage, a hospitality concept blending social clubs and innovative work environments, where she served as managing director. There, she was responsible for the development and administration of the nascent brand concept. Previously, she served as chief administrative officer for Hampshire Hotels Management, now Dream Hotel Group, where she was responsible for strategy and performance management and the shared services of sales and marketing, revenue management, e-commerce, information technology and human resources. Prior to joining Hampshire, Flores was executive vice president of Human Resources and Communication at Wyndham Hotel Group, charged with oversight of the organization's global human resources strategy, including talent selection, talent management, workforce planning and administration of more than 4,000 employees. She also led the business’ global communication strategy. In addition, she has held senior-level roles with WhiteFence, ZipRealty and Kaplan, Inc. She holds a Master of Business Administration degree from Columbia School of Business, a Master of Education degree from the University of San Francisco, and a Bachelor of Economics degree from the University of California, Irvine. Last year, she was named as one of Hotel Management magazine’s 30 Influential Women in Hospitality and listed as one of Hotel Business magazine’s Ten to Watch in 2017. She is based in New York City.

As a valued team member of clients in the real estate and hospitality industries, Rori is able to leverage her understanding of their business concerns and objectives with her deep experience and current market knowledge to navigate her clients from term sheet to closing of complex commercial transactions.

Recently, Rori has been speaking to clients and the real estate community on the uptick in preferred equity transactions, sharing the depth of her experience with both joint ventures and financings and offering guidance on these transactions.

She represents local and national developers, REITs, institutional equity investors, institutional and non-institutional lenders, and hotel owners and operators with their commercial real estate development and finance transactions. These transactions involve a variety of asset types, including mixed-use development, office, retail, hotel, condominium, multifamily and residential and commercial property.

Working with clients across the United States, she assists both borrowers and lenders on financings, and hotel owners and operators on the negotiation of managements and license agreements. Additionally, she partners with clients on real estate acquisitions, dispositions, workouts, and equity and debt participations.

Rori is a frequent speaker and panelist on the hospitality industry and preferred equity transactions.

Relevant Experience

Represented Hersha Hospitality Trust on its sale of seven Manhattan limited-service hotels to a joint venture between Hersha and Cindat Capital Management Ltd., in a transaction valued at $571.4 million. The transaction included senior and mezzanine financing in an aggregate amount of $335 million from Natixis Real Estate Capital LLC and Oaktree Capital Management, L.P.

Represented leading private equity firm in the acquisition of 38 limited service and extended stay hotels, 4,950 rooms, for $590 million, and negotiation of mortgage and mezzanine financing from two major financial institutions and the securitization of the mortgage and a mezzanine tier.

Represented a major insurance company with a preferred equity investment in the construction of a 391-key nationally branded hotel in Chicago, Illinois for total project cost of $113 million.

Represented a major insurance company with a $150 million preferred equity investment in the acquisition and renovation of an office building in Chicago, Illinois.

Represented a major insurance company with a preferred equity investment in the renovation of two well-known Walt Disney World hotels in Orlando, Florida.

Represented a national lending institution with a preferred equity investment in the acquisition and development of a mixed-use property in New York City for a total project cost of $87 million.

Represented a joint venture in the acquisition of a 34-story, one million square foot skyscraper in Boston, Massachusetts for $561 million.

Represented an institutional lender with the $159.5 million mortgage and mezzanine financing of a historic hotel in Washington, DC. The transaction included the sale of one of the floors as an air space parcel to a vacation club and the negotiation of the documents governing the relationship between the hotel and vacation club.

Represented a major insurance company with the upsizing of a $177 million preferred equity interest in a hotel located in the heart of New York City’s Times Square.

Advised Israel Discount Bank of New York with a $31.5 million mortgage loan to Berit Realty LLC, owner of SIXTY hotel 6 Columbus, located at 6 Columbus Circle (308 West 58th Street), New York City.

Representation of an operator in the negotiation of a joint venture agreement for the acquisition and development of a to-be-constructed 128-room Mondrian hotel in the Old City of Istanbul, Turkey.

Representation of an operator in the acquisition, lease and management negotiations with respect to food and beverage operations at Mandalay Bay, Las Vegas, Nevada, and related documentation and negotiation with respect to Delano, Las Vegas, Nevada.

Representation of a developer in the negotiation of a purchase and sale agreement for the acquisition of a newly constructed 185-room Hyatt Place in New York City (Midtown).

Representation of an owner in the negotiation of management and license agreements for a Crowne Plaza in Charlotte, North Carolina.

Representation of a developer in the negotiation of management and license agreements for a Courtyard by Marriott in College Park, Maryland.

Representation of a joint venture in the negotiation of a $350 million loan secured by the St. Regis in Laguna Beach, California.

Representation of a joint venture in the negotiation of a $201 million loan secured by the Anaheim Hilton in Anaheim, California, and negotiated the joint venture agreement and related documents on behalf of the developer.

Representation of equity in the refinance of a $250 million loan secured by the historic and award-winning Washington Marriott Wardman Park Hotel, in Washington, DC.

Representation of a joint venture in the acquisition and $130 million financing of a 35-acre mixed-use development project (including hotel and branded residences as well as commercial, retail and residential) in Huntington Beach, California, known as Pacific City, and negotiated the joint venture agreement and related documents on behalf of the developer.

Representation of equity in the acquisition of a 20-acre mixed-used development project (including retail, restaurant, hotel, entertainment, commercial, residential, education and civic space) in Miami, Florida, known as Miami Worldcenter, and negotiated the joint venture agreement and related documents on behalf of equity.

Representation of a developer in the $46 million refinance of a GSA leased office building in Washington, DC.

Representation of a developer in the restructure of a $200 million real estate portfolio of undeveloped land, hotels, mixed-use, office and development holdings in California and Texas.

Representation of an equity investor in a $262 million purchase of two office buildings and a development parcel located in Washington, DC.

Kimberly Wachen is a Partner with the law firm of Arent Fox Schiff and co-chair of AFS’s

hospitality group. Kimberly finds creative solutions to complex problems to benefit her

clients and close transactions efficiently. She is recognized as one of the top real estate

lawyers in the country by Chambers USA, Legal 500, Super Lawyers, American Lawyer,

Washingtonian Magazine and other leading industry publications. She represents hotel

owners on the development, purchase, sale, management, franchising and financing of

hotels and mixed-use projects located throughout the United States. She is particularly

skilled in negotiating joint venture agreements and financing arrangements, including

acquisition, construction and mezzanine loans, and take-out financing, for large real

estate projects. As a result of representing franchisors, hotel owners and hotel

operators, Kimberly is better able to anticipate issues and suggest practical resolutions

of solutions when negotiating hotel transactional documents.

Michael is a Certified Public Accountant and Managing Partner of CohnReznick’s DC Metro Practice. He has more than

24 years of experience in public accounting serving clients in attestation, accounting, and tax advisory roles across

multiple industries.

Michael is a nationally recognized and sought-after cannabis and tax thought leader who frequently speaks on

webinars and at industry and public policy conferences for organizations such as the Congressional Black Caucus

Conference, AICPA, and Cannabis World Congress & Business Exposition. He has been quoted in national publications

including Forbes, CPA Trendlines, and numerous cannabis industry publications, and has served as a guest lecturer on

accounting and tax issues within the cannabis industry for the accounting programs at the University of Maryland and

Howard University.

Andrea M. Mattei is an accomplished commercial and corporate finance attorney, with a practice focus on hospitality assets, resort transactions, and mixed-use properties.

Ms. Mattei’s wide-ranging experience and first-hand hospitality industry knowledge enable her to advise investors, owners, lenders, and developers on transactional, financial, and operational matters in the hospitality industry. She advises on portfolio assembly and target asset acquisition, disposition, construction, renovation, site management, procurement, design, repositioning, and day-to-day hospitality operations. Her industry knowledge is balanced by substantial experience in corporate finance, governance, mergers and acquisitions, and transactional accounting for public and private companies.

Ms. Mattei has structured and negotiated documents for ground-up development of resort locations, including construction and permanent financing and credit enhancements. She has experience in the preparation and negotiation of the full range of hospitality-related agreements, including management, franchise, and service agreements, with particular experience managing vendor contracts and relationships. Additionally, she has completed a number of asset-repositioning transactions involving underperforming properties.

Prior to re-entering private practice, Ms. Mattei was Group Vice President-Legal for Strategic Development, Strategic Sourcing, and Corporate Real Estate at Wyndham Worldwide Corporation. Previously, she served as Senior Vice President and Associate General Counsel, Finance, Corporate Governance and Mergers and Acquisitions at Marriott International, Inc., and General Counsel and Associate General Counsel to Ocwen Financial Corporation, one of the nation’s largest mortgage servicing and asset management companies. Ms. Mattei's private practice experience includes AmLaw50 firms in New York, Baltimore, and Washington, D.C.

Corey Wilk is a real estate lawyer with significant experience serving clients in the hospitality and retail industries. He has significant experience related to the acquisition, disposition, financing and leasing of property, and he frequently provides counsel related to liquor licensing, hotel management agreements and hotel franchise agreements. Chambers USA sources are impressed, stating that Corey is a “highly rated new partner” and has done “impressive work with investors and management companies and also advises on retail and restaurant-related commercial and real estate transactions.” Corey has also been recognized in the nationwide Chambers rankings in the Leisure & Hospitality Field annually between 2013 and 2016.

David Pezza is a partner in the firm’s real estate group and is located in White & Case’s Chicago office. Mr. Pezza’s practice focuses on sophisticated real estate transactions, including the representation of private and institutional investors, and owners and developers in connection with the acquisition, disposition, development and financing of commercial real estate properties. He has also been involved in the negotiation and structuring of joint-venture agreements with respect to the various transactions he has been involved in.

Mr. Pezza’s experience includes a wide range of asset types, including mixed use projects, land for development, retail properties, office buildings and hospitality projects.

Eugene "Gene" J.M. Leone is a Partner in the Global M&A Practice

Group and a member of the Real Estate Industry Group, based in the

Chicago and New York offices. Gene represents some of the most

recognizable names in real estate and has a track record of leading,

structuring and executing complicated deal transactions for a broad

universe of investors, including private equity, entrepreneurs and public

companies. His practice focuses on all aspects of commercial real

estate, including joint ventures, acquisitions, dispositions, leasing,

financings and workouts.

A highly rated lawyer and sought-after speaker, Gene is a member of

the American College of Real Estate Lawyers and the Real Estate

Roundtable and frequently speaks on a variety of real estate topics at

conferences around the country.

Jason is a partner with more than 19 years of audit, accounting and consulting experience, and is a member of the firm’s Mid-Atlantic SEC, Real Estate, Hospitality and Private Equity Group practices. He specializes in serving public companies as well as companies in the high tech, real estate, hospitality, private equity, hedge fund, media and telecommunications industries. Jason has assisted companies with complex leasing transactions, partnership accounting matters, equity method accounting and complex partnership structures. In addition, he has been involved with numerous initial public offerings as well as secondary offerings and SEC filings. Jason serves, or has served, over 20 SEC registrants ranging in size from small cap to Fortune 500 companies. He has extensive experience ensuring client satisfaction via work with boards of directors, audit committees, banks, attorneys, and the Securities and Exchange Commission. Jason has presented accounting positions before the SEC and worked with registrants in addressing SEC comment letters. He previously served as a managing director for a management consulting firm, where he helped lead the transaction advisory and accounting advisory practices. He led teams conducting complex accounting assignments, due diligence, purchase price disputes, deal structuring, carve outs/spin-offs, forensic and business disputes, and divisional restructurings. Jason also previously served as a senior manager for two Big Four firms, where he managed audit and accounting engagements for various publicly traded and privately held companies. He spent two years inthe National Accounting Office, providing complex technical advice to audit engagement teams, drafting firm positions to recently announced standards, and co-authoring a white paper on multiple element arrangements.

Professional affiliations and credentials:

• Certified Public Accountant Virginia, the District of Columbia and Maryland

• Certified Fraud Examiner

• Certified in Financial Forensics

• Finance Committee Member, Hospice of the Chesapeake

• Board of Directors, Audit Committee, Robert A. Pascal Youth and Family Services

Education;

• Stern School of Business, New York University, Master of Business Administration in Finance

• Towson University, Bachelor of Science in Accounting