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As an operator, we are committed to our core business practice and continue to be the hotel operator of choice for institutional and private owners. As a NYSE-listed company, we are committed to steadily increasing our EBITDA through hotel investment, acquisitions and new management opportunities on behalf of our shareholders. Our development team is directly charged with this growth initiative.

Success is achieved through a combined professional expertise of over 100 years in hotel business development, including all aspects of hotel financing, acquisitions, franchising, owner relations and management. Interstate's development professionals are:

• Leslie Ng, Chief Investment Officer
• C.A. Anderson, Executive Vice President
• Larry Shupnick, Senior Vice President
• David Lee, Vice President Development
• Melinda Zanecki, Vice President Development
• Chris Van der Baars, Vice President Development, Condo Hotels
• Joe Porter, Senior Analyst
• Sonia Egyhazy, Analyst
• Amanda Phillips, Development Associate

As both an owner and operator, we understand the goals of ownership and apply tried and true management practices to achieve those goals. Strong partnerships with the brands, based on extensive product knowledge and expertise, has earned Interstate Hotels & Resorts approved operator status from all the leading brands.

The company's financial resources run deep, which allows us the wherewithal to focus on growth strategies through hotel acquisitions and joint ventures.

As a global management company with operations in five countries, Interstate is able to draw upon a multitude of resources including:

• Attracting and retaining high quality associates
• Providing dynamic programs to our hotels based on our economies of scale for purchasing, insurance, sales, accounting and operations
• Providing owners with comprehensive or specific development services including: financing, interior design & construction, property positioning and analysis, franchise selection, and pre-opening project management
• Creating a successful mix of large-company scale and small-company responsiveness
• Operating our properties effectively through specialized divisions – full-service hotels and resorts (luxury, upper, upscale and independents), Crossroads (select-service brands), condominium-hotels, and international – and managing each hotel according to its market segment and unique needs

Interstate's development department maintains longstanding relationships with the industry’s leading financial institutions and sources. We have the unique ability, as a hotel company, to assist our clients in securing favorable financing for projects.