
| Selected Corporate and Institutional Clients Served AETNA, Inc. AFC Realty Capital, Inc AMX Resort Holdings, LLC Ardmord Company Arnold & Porter Axiom Capital Bank of America Bank of China Bank of Scotland Barclays Capital Bear Stearns Commercial Mortgage, Inc. Budd Larner Rosenbaum Greenberg & Sade, P.C. Capital Lodging Capital Source Carey Development Group CDC Mortgage Capital, Inc. Chase Manhattan Bank CIGNA Investment Management CIT Small Business Lending Corporation Citigroup Investments City Hotels SA CNL Hospitality Corporation Column Financial, Inc. Cornerstone Real Estate Adviser, Inc. Credit Suisse First Boston CRIIMI MAE, Inc. Crosson Dannis, Inc. Cushman & Wakefield, Inc. CW Capital, LLC Davidson Hotel Company Deutsche Bank Dilworth Paxson LLP Field Hotel Associates Fleet Boston Financial Foss/Scenic Hudson Garrison Golf Club GE Capital Business Asset Funding GE Capital Franchise Finance Corporation GE Commercial Finance GMAC Commercial Mortgage Corporation Grubarges Inversion Hotelera Haynes and Boone, LLP HEI Hospitality Hilton Hotels Corporation Hospitality Group International, Inc. Host Marriott Corporation Hundson United Bank Hypo Real Estate Kimberly-Clark Corporation Kingdom Hotel Investments Lehman Brothers Commercial Mortgage Lehman Brothers Holdings Inc. M & T Bank Manchester Real Eastate Mc Carter & English, LLP Merrill Lynch Capital Corporation MetLife Newcastle, LLC People's Bank Perkins Cole LLP Pitney Bowes, Inc.PNC Bank PRS Management Prudential Financial Prudential Global Asset Management Prudential Mortgage Capital Company RBS Greenwich Capital RCP General, Inc. RIGGS RLJ Development, LLC Rockbridge Capital Security Savings Bank Sonnenblick-Goldman Co. St. John's University Starwood Capital Group Starwood Hotels & Resorts Worldwide, Inc. The Bank of New York The Bromley Companies The Greenwich Group International, LLC TIAA-CREF UBS Global Asset Management Wachovia Bank Washington Mutual Wells Fargo West LB AG Westdeutsche Landesbank Girozentrale |





| Global Asset Solution is the Leading Hotel Asset Management Company serving Asia Pacific and Middle East |
| ALEX SOGNO - MANAGING DIRECTOR |