DiNapoli Capital Partners Portfolio Crowne Plaza San Jose, CA   Fairmont Dallas Dallas, TX       Hilton San Jose San Jose, CA   Hotel Teatro Denver, CO.       Hyatt Regency Phoenix Phoenix, AZ   Hyatt Regency San Francisco San Francisco, CA   Sold Properties Fremont Marriott Fremont, CA (Sold 2007)     --------------------------------------------------------------------------------------------------------------   Maritz Wolff Portfolio Carlyle Hotel New York, NY   Fairmont San Francisco San Francisco, CA       Fairmont San Jose San Jose, CA   Four Seasons Houston Houston, TX       Four Seasons Resort, Nevis West Indies   Four Seasons Resort, Aviara Carlsbad, CA       Little Dix Bay Virgin Gorda, British Virgin Islands   Mansion on Turtle Creek Dallas, TX       Ritz-Carlton St. Louis, MO     Sold Properties New Orleans Fairmont New Orleans, LA (sold 2007)   Kansas City Fairmont Kansas City, MO (Sold January 2006)       Four Seasons Austin Austin, TX (Sold February 2006)   Four Seasons Biltmore Santa Barbara, CA (Sold March 2000)       Four Seasons Toronto Toronto, Canada (sold 2007)   Park Hyatt Sydney Sydney, Australia (Sold March 2003)       Crescent Court Dallas, TX (sold)   Fairmont Miramar Santa Monica, CA (Sold 2006)   Development / Renovation Projects • San Francisco Fairmont Renovation – San Francisco, CA (591-room hotel renovation project completed at a cost of $80 million) • San Jose Fairmont Annex – San Jose, CA (264-room Tower completed in January 2002 at a cost of $65 million) • Crown Plaza San Jose – San Jose, CA (239 room renovation - $7.0 million - completed in 2007) • Dallas Fairmont – Dallas, TX (545 room renovation - $10.0 million – completed in 2008) • Hyatt Regency San Francisco – San Francisco, CA (802 room renovation - $ 15.0 million – in progress) • Hilton San Jose – San Jose, CA (355 room renovation - $11.0 million – in progress) • Hyatt Regency Phoenix – Phoenix, AZ (696 room renovation - $15.0 million – in progress)