SLATER HOSPITALITY SERVICES - Key Persons

With four decades of proven hospitality experience, D. Andrew ("Andy") Slater has demonstrated competence, leadership and integrity at every level of the hotel business. Upon recently leaving Hilton Worldwide after a successful 28-year career, including 18 years as an Area Vice President of Operations, Andy has recently been employed as a consultant by several owners. He is currently providing guidance and consulting services in areas of asset evaluation, hotel purchase decisions, market evaluation, operator performance evaluations, financial performance critique, and capital improvement and executive placement recommendations. As Area Vice President since 1997, Andy's role varied over the years to include maximum annual revenues of over $900 million, with the highest operating margins in the Americas. Andy was responsible for over 25 hotels, ranging in size from 200 rooms to 1600 rooms. He has worked with dozens of complex ownership groups ranging from major financial institutions in the areas of private equity, insurance entities and Real Estate Investment Trusts, to a number of individual investors and families. His experience also includes city bond-financed projects with 1,000+ rooms, and successfully transitioning dozens of hotels for multiple brands. In addition to his significant operational responsibilities, Andy' performed unique roles as Vice President for New Projects, supervision of Hilton's operations in Mexico, various committee assignments such as Appeals Committee for Compensation and Benefits for Hilton Worldwide, and Compliance Committee for the Promotion of Business Ethics for Hilton Worldwide. Andy also served as Co-Chairman of Hilton's North American Crisis Response Team for many years including the aftermath of Hurricane Katrina in 2005, orchestrating shelter and accommodations for thousands of victims. Andy continues to serve on the board of the Texas Travel Industry Association, the Texas Lodging Association, and the Board of Advisors for the University of Houston, Conrad Hilton College of Hotel and Restaurant Management. Before his arrival in Austin, Andy Slater spent several years in General Management roles in a variety of Hilton and Stouffer (now Renaissance) hotels across the country, including Kansas City, Salt Lake City, Los Angeles, St Louis and Scottsdale, where he was, and continues to be, very involved in community and industry related activities.