BAYWOOD HOTELS, INC. IS ONE OF THE

NATION’S FASTEST GROWING HOTEL

MANAGEMENT AND DEVELOPMENT

COMPANIES, WITH OVER $1 BILLION

IN ASSETS. THE KEY TO OUR SUCCESS

AS MANAGERS, EMPLOYERS AND

DEVELOPERS IS OUR ABILITY TO

CONTINUALLY OFFER SOME OF THE

MOST INNOVATIVE SOLUTIONS

IN THE HOTEL INDUSTRY.

FAI R FI E LD I N N & SU ITE S G E R MANTOWN GAITH E R S B U RG Germantown, Maryland

HAM PTON I N N & SU ITE S SAN ANTON IO-DOWNTOWN /MAR KET SQUAR E San Antonio, Texas

H I LTON GAR D E N I N N SAN ANTON IO AI R PORT SOUTH San Antonio, Texas

B A Y W O O D H O T E L S — D E L I V E R I N G V I S I O N , I N N O V A T O N A N D V A L U E

As investors, we’re known for our focused vision, strong

values, aggressive long-range strategy and, not to

mention, our product concept and development skills.

But, it is our outstanding management of assets that has

truly built our reputation for developing and managing well-

branded hotels throughout the Mid-Atlantic, Gulf Region,

Florida, Texas, New York and Rocky Mountain regions.

Baywood Hotels and its affiliates employ more than 3,000

associates in independent boutique hotels and branded

properties that carry some of the most recognized names

in the hospitality industry, including:

• AC by Marriott

• Candlewood Suites by IHG

• Canopy by Hilton

• Comfort Inn by Choice

• Courtyard by Marriott

• DoubleTree by Hilton

• Fairfield Inn & Suites by Marriott

• Hampton Inn & Suites by Hilton

• Hilton Garden Inn by Hilton

• Holiday Inn Express & Suites by IHG

• Home2 Suites by Hilton

• Homewood Suites by Hilton

• Residence Inn by Marriott

• SpringHill Suites by Marriott

• Staybridge Suites by IHG

• TownePlace Suites by Marriott

• Tru by Hilton

TOWN E PLACE SU ITE S ALEXAN D R IA FORT B E LVOI R Alexandria, Virginia

R E S I D E NCE I N N OWI NG M I LLS Owing Mills, Maryland

H I LTON GAR D E N I N N SAN ANTON IO DOWNTOWN San Antonio, Texas

D E V E L O P M E N T

At Baywood Hotels, our hotel development efforts are

firmly rooted in proven performance. Including both the

outstanding performance of our existing hotels and our

years of experience delivering successful hotel projects.

Our business plan relies on our finely tuned ability to

identify and develop properties based on our fundamental

investment criteria:

• Strong, established markets

• High barriers to entry

• Optimal concept & brand

• Innovative design

• Premium product & value

• Intense development supervision

With a vision for identifying profitable redevelopment

projects in key markets, Baywood’s in-house technical

expertise includes pre-construction and construction

services, interior design, purchasing, and project

management. Whatever the scope of your project - from

a 40-room independent boutique hotel to large, full-size

operations or new ground-up construction to back-to-bare

wall renovations - you can count on Baywood’s award-

winning design and construction team to delivery.

HOM EWOOD SU ITE S BY H I LTON M IAM I DOWNTOWN / B R ICKE LL Miami, Florida

N E W C O N S T R U C T I O N

At Baywood Hotels, every new development project is

designed, capitalized and built for long-term success, not

short-term profit. Unlike many ‘fee-for-service’ developers,

we know there’s more to successfully completing a project

than simply completing it on time and within budget.

Being hoteliers ourselves, we look at every project from

that perspective. Our projects must also achieve our high

standards of guest satisfaction, meet financial projections,

and maintain a high level of quality over the investment

period. With Baywood, you can be sure that even

short-term development decisions are based upon their

long-term impact on ownership

“ We are very proud of our long relationship with Baywood

and appreciate their deep commitment to building great

award-winning hotels and delivering exceptional service.

We look forward to continuing to grow our relationship with

Al and his Team.”

— LIAM B ROWN , Chief Operations Officer, Select Service and Extended Stay Hotels, The Americas, Marriott International, Inc.

HOM EWOOD SU ITE S BY H I LTON M IAM I DOWNTOWN / B R ICKE LL Miami, Florida

HOM E 2 SU ITE S D E NVE R I NTE R NATIONAL AI R PORT Denver, Colorado

R E S I D E NCE I N N M IAM I AI R PORT/ DORAL Miami, Florida

HOLI DAY I N N EXPR E SS & SU ITE S SAN ANTON IO NORTH-WI N DCR E ST

San Antonio, Texas

R E D E V E L O P M E N T

Since Baywood acquired its first distressed asset in Richmond,

Virginia in 1991, we’ve acquired a high level of expertise in

redeveloping and repositioning distressed and neglected hotel

properties. In fact, we’ve been repeatedly recognized for our

abilities by franchisors, lenders and local governments alike.

In the years since, Baywood has completed over $350 million in

additional projects — everything from troubled, underperforming

properties to historic redevelopments. In each case, Baywood’s

meticulous planning, innovative design, and flawless execution

turned an underperforming property into a truly profitable asset.

HAM PTON I N N & SU ITE S SAN ANTON IO NORTHWE ST/ M E D ICAL CE NTE R San Antonio, Texas

H I LTON GAR D E N I N N M IAM I SOUTH B EACH Miami Beach, Florida

R E D E V E L O P M E N T

Some of our recent redevelopment projects include:

• Fairfield Inn & Suites Alexandria West Landmark, Alexandria, Virginia

• Hampton Inn Haverhill Haverhill, Massachusetts

• Hampton Inn & Suites San Antonio Northwest/ Medical Center, San Antonio, Texas

• Hilton Garden Inn San Antonio Airport South San Antonio, Texas

• Hilton Garden Inn Miami South Beach Miami, Florida

• Holiday Inn Express & Suites College Park- University Area, College Park, Maryland

• Holiday Inn Express & Suites Baltimore - BWI Airport North, Linthicum Heights, Maryland

• Home2 Suites by Hilton Baltimore Downtown Baltimore, Maryland

• Homewood Suites by Hilton Washington, DC North/Gaithersburg, Gaithersburg, Maryland

“ Baywood Hotels and IHG have an outstanding relationship

that has continued to grow and expand over the years. We

appreciate Baywood’s commitment to building and operating

great hotels and taking excellent care of both their guests

and colleagues. Just as important, Baywood continues

to share its knowledge and experience with their fellow

franchisees by participating and making terrific contributions

to IHG’s advisory boards on such important initiatives as

Holiday Inn Express Formula Blue and the launch of IHG’s

newest brand, avid hotels. All of us at IHG look forward to

working with and supporting Baywood as they continue to

grow with IHG.”

— JOE L E I S E MAN N , Chief Development Officer, InterContinental Hotels Group (IHG) HOM E2 SU ITE S BY H I LTON

BALTI MOR E DOWNTOWN Baltimore, Maryland

HOLI DAY I N N EXPR E SS & SU ITE S COLLEG E PAR K - U N IVE R S ITY AR EA

College Park, Maryland

HAM PTON I N N HAVE R H I LL Haverhill, Massachussetts

I N V E S T M E N T S

The cyclical nature of business is always challenging. This is

especially true in real estate and hotel development, which

involve long-term investments based on what are often

short-term facts.

At Baywood Hotels, we believe that successful developers

are uncompromising in their investment standards during

growth periods, so they will have the ability to act on the

opportunities that arise in periods of decline.

That’s why we continuously strive to make sound long-term

decisions, while maintaining the flexibility to diversify and

quickly adapt to those inevitable changes that often disrupt

even the most well managed project.

HOM EWOOD SU ITE S & HAM PTON WAS H I NGTON DC NOMA U N ION STATION Washington DC

HAM PTON I N N M IAM I AI R PORT EAST Miami, Florida

HOM EWOOD SU ITE S SAN ANTON IO AI R PORT San Antonio, Texas

M A N A G E M E N T S E R V I C E S

At Baywood Hotels, we’re known for our ‘hands-on

approach’ to managing our properties. By empowering

each of our associates on the property level and

backing them up with the tireless support of our

corporate office, we have developed a decidedly

proactive approach to customer service. It’s one that

recognizes that providing superior guest service is

the key to profitability and lasting success.

This fundamental philosophy guides our daily

operations and helps both our corporate and local

property associates to develop a deeper understanding

of each hotel, the local community it serves and, most

importantly, the expectations of both the clientele and

the associates who serve them.

S A L E S A N D M A R K E T I N G

It’s a fact that a hotel operation is only as successful

as its sales and marketing strategy.

We believe that an effective strategy needs to be

insightful, flexible and, above all, comprehensive if it

is to successfully guide a hotel’s marketing efforts for

the coming year.

Our strategies are based on realistic goals, up-to-date

information and an in-depth knowledge of the local

market. They are designed to help every hotel property

produce incremental increases in both operating

revenue and bottom line profitability.

“ Baywood is one of those truly unique lodging companies.

Their leadership team is 2nd to none, they know where and

how to build great hotels on time and on budget and the

operations team takes care of the guest while producing

superior returns. On top of all this, we love working with

them – the Baywood team is filled with genuinely nice,

honest people. They are not just business partners, they

are friends.”

— B I LL FORTI E R , Senior VP of Development, The Americas, Hilton Worldwide

DOU B LETR E E BY H I LTON HOTE L STE R LI NG - D U LLE S AI R PORT Sterling, Virginia

D E L I V E R I N G O N T H E B R A N D P R O M I S E

At Baywood Hotels, we’re proud of the high-quality,

multi-branded, and select-service properties we represent.

You can rest assured that every Baywood associate at

each of these new or recently renovated properties takes

professional pride in ensuring that our guests receive the

friendliest experience possible.

We are especially proud of the successful, professional

partnerships we have built with many of the finest names

in the hospitality industry, including:

• Marriott

• Hilton

• InterContinental Hotels Group (IHG)

We consider the strength of these brand alliances as a

testament to Baywood’s unwavering belief in the values

of commitment, teamwork and mutual respect.

HAM PTON I N N & SU ITE S BALTI MOR E NORTH /TI MON I U M Timonium, Maryland

HAM PTON I N N & SU ITE S FALLS CH U RCH Falls Church, Virginia

B A Y W O O D H O T E L S 9130 Guilford Road, Columbia, MD 210460

tel 301.345.8700 | fax 301.345.8701

invest@baywoodhotels.com | baywoodhotels.com

2 0 17• Hampton by Hilton Conversion of the Year Hampton Inn

Marathon-Florida Keys• Hilton Garden Inn Conversion of the Year Hilton Garden Inn San

Antonio Airport South• Hilton Wall of Fame Hampton Inn Syracuse Clay• Hilton Wall of Fame Hampton Inn & Suites Syracuse Carrier Circle• Hilton Connie Pride Merit Award Home2 Suites Arundel Mills BWI

Airport• Home2 Suites New Hotel Performance of the Year Home2

Suites Arundel Mills BWI Airport• LEED Certification Hampton Inn & Suites Washington DC North/

Gaithersburg• LEED Gold Certification Hampton & Homewood Suites Washington

DC NoMa Union Station• Top 100 Owners & Developers (#9) Hotel Business Magazine

2 0 16• Circle of Excellence Award Hampton Inn & Suites Baltimore North /

Timonium, MD• Hilton Multi-Brand Developer of the Year Al Patel, Baywood Hotels• Marriott Platinum Award TownePlace Suites Bridgeport Clarksburg• Marriott Gold Award SpringHill Suites Bridgeport Clarksburg• Marriott Gold Award Fairfield Inn & Suites Germantown Gaithersburg

2 0 15• Hilton Garden Inn Outstanding Achievement Award

Hilton Garden Inn Westchester/Dobbs Ferry• Homewood Suites Outstanding Achievement Award

Homewood Suites by Hilton - Miami Downtown/Brickell, FL• Hilton Garden Inn Best Conversion Award Hilton Garden Inn

Miami South Beach- Royal Polo, FL• Lighthouse Award Hampton Inn Seneca Falls, NY• Lighthouse Award Hampton Inn Syracuse / Clay, NY• Gold Circle Award TownePlace Suites Eagle Pass, TX• IHG Renovation Award Holiday Inn Miami - Doral Area, FL• IHG Renovation Award Staybridge Suites Miami Doral Area, FL

2 0 14• Lighthouse Award Hampton Inn Syracuse Clay, NY• Hilton Wall of Fame 2nd Quarter Hampton Inn Uvalde, TX• Connie Award for being one of the Top 6 Hampton Inns in

North America for Property Quality and Guest Satisfaction Hampton Inn Syracuse Clay, NY

• Hilton Wall of Fame 1st & 2nd Quarter Hampton Inn Pampa, TX• TownePlace Suites by Marriott Hotel of the Year 2014

TownePlace Suites Eagle Pass, TX• IHG Global Partner In Safety Award Holiday Inn Express

Elkridge, MD

2 0 13• Circle of Excellence Award Hampton Inn Seneca Falls, NY• Connie Award Hampton Inn Syracuse Clay, NY• Hampton Developer of the Year Hampton Inn Haverhill, MA• IHG Global Partner In Safety Award Holiday Inn Express & Suites

Columbia - East Elkridge, MD• Hampton Movers & Shakers Award Hampton Inn Pampa, TX• Hilton Wall of Fame 1st - 4th Quarter Hampton Inn Pampa, TX• Marriott Silver Circle Award TownePlace Suites Lexington Park

Patuxent River Naval Air Station, MD• Marriott Silver Circle Award Fairfield Inn & Suites Germantown

Gaithersburg, MD• The Uvalde Area Chamber of Commerce 2013 People’s Choice

Award Hampton Inn Uvalde, TX• Rookie Business of the Year Hampton Inn Uvalde, TX• IHG Renovation Award for 2013 Holiday Inn Express & Suites

Chambersburg, PA• Top 100 Owners & Developers (28 of 100) Hotel Business

Magazine• Marriott CFRST Developer of the Year• Marriott Most Improved Extended Stay Award Residence Inn

Lubbock, TX• Carlson Hotels President’s Award Country Inn & Suites

Chambersburg, PA

2 0 12• Connie Award Hampton Inn Syracuse Clay, NY• Top 100 Owners & Developers Hotel Business Magazine• Top Third-Party Management Companies

Hotel Management Magazine• Marriott Strongest Collaborator Fairfield Inn & Suites Baltimore

BWI Airport• Texas Chamber of Commerce Top 25 Hotels in Texas

TownePlace Suites San Antonio Downtown, TX• Best Adaptive Use Award TownePlace Suites San Antonio

Downtown, TX• Outstanding Commitment to Keep Doral Beautiful

Holiday Inn Express Miami Airport Doral Area, FL

AWARDS & RECOGNITION

BAYWOOD HOTELS, INC.9130 Guilford Road, Columbia, MD 210460tel 301.345.8700 | fax 301.345.8701invest@baywoodhotels.com | baywoodhotels.com

2 0 11• Lighthouse Award Hampton Inn Syracuse Clay, NY• Top 100 Owners & Developers (28 of 100) Hotel Business

Magazine• Marriott CFRST Developer of the Year• Marriott Silver Circle Award Fairfield Inn & Suites Germantown

Gaithersburg, MD• Marriott Most Improved Extended Stay Award Residence Inn

Lubbock, TX• Carlson Hotels President’s Award Country Inn & Suites

Chambersburg, PA

2 0 10• Lighthouse Award Hampton Inn Syracuse Clay, NY• Top Hotel Companies Hotel & Motel Management Magazine• Hilton Lifetime Achievement Award• DoubleTree by Hilton Developer of the Year• Home2 Suites by Hilton Best Conversion of the Year

Home2 Suites Baltimore Downtown, MD• Marriott CFRST Developer of the Year• Marriott Gold Circle TownePlace Suites Lexington Park Patuxent

River Naval Air Station, MD• Marriott International Best Custom Project TownePlace Suites

San Antonio Downtown, TX

2 0 0 9• Lighthouse Award Hampton Inn Syracuse Clay, NY• Marriott CFRST Developer of the Year• Marriott CFRST Design & Construction Excellence• Design & Construction Excellence Award Courtyard Waldorf, MD• Design & Construction Excellence Award Fairfield Inn & Suites

Germantown Gaithersburg, MD• Marriott Silver Circle Award Courtyard Waldorf, MD• Marriott Gold Circle Award Fairfield Inn & Suites Germantown

Gaithersburg, MD• Home2 Suites by Hilton Developer of the Year• IHG Renovation of the Year Holiday Inn Express Saugus (Logan

Airport), MA

2 0 0 8• Connie Award Hampton Inn Syracuse Clay, NY• AAHOA Award for Excellence• Marriott CFRST Developer of the Year• Marriott Gold Circle Award Fairfield Inn & Suites Germantown

Gaithersburg, MD• Marriott Share Shifter Award Fairfield Inn & Suites Germantown

Gaithersburg, MD• Magic General Managers Fairfield Inn & Suites Germantown

Gaithersburg, MD• IHG Newcomer of the Year Award Staybridge Suites Baltimore

BWI Airport, MD• IHG Priority Club Reward Members’ Choice Hotel of the

Year Award Staybridge Suites Baltimore BWI Airport, MD

HOTELS

HOMEWOOD SUITES WASHINGTON DC NOMA UNION STATION Washington, DC

M I D - AT L A N T I C R E G I O N

M A R Y L A N D H O T E L S • AMERICAN INN OF BETHESDA• FAIRFIELD INN & SUITES Arundel Mills BWI Airport• FAIRFIELD INN & SUITES Baltimore BWI Airport• FAIRFIELD INN & SUITES Germantown Gaithersburg• HAMPTON INN & SUITES Baltimore North/Timonium• HAMPTON INN & SUITES Washington DC North -

Gaithersburg• HOLIDAY INN EXPRESS Washington DC - BW Parkway• HOLIDAY INN EXPRESS & SUITES Annapolis• HOLIDAY INN EXPRESS & SUITES Baltimore – BWI

Airport North• HOLIDAY INN EXPRESS & SUITES College Park -

University Area• HOLIDAY INN EXPRESS & SUITES Columbia East -

Elkridge• HOME2 SUITES Arundel Mills• HOME2 SUITES Baltimore Downtown• HOMEWOOD SUITES Gaithersburg• RESIDENCE INN Owings Mills• STAYBRIDGE SUITES Baltimore BWI Airport• TOWNEPLACE SUITES College Park• TOWNEPLACE SUITES Lexington Park Patuxent River

Naval Air Station

V I R G I N I A H O T E L S • CANDLEWOOD SUITES Alexandria - Fort Belvoir• CANDLEWOOD SUITES Richmond - South• COMFORT INN & SUITES Airport Dulles Gateway• COMFORT SUITES Dulles Airport• DOUBLETREE BY HILTON Sterling - Dulles Airport• FAIRFIELD INN & SUITES Alexandria West - Landmark• HAMPTON INN & SUITES Falls Church• HOLIDAY INN EXPRESS & SUITES Alexandria - Fort

Belvoir• HOLIDAY INN EXPRESS & SUITES Charlottesville • HOME2 SUITES Charlottesville• SPRINGHILL SUITES Alexandria• SPRINGHILL SUITES Potomac Mills Woodbridge • TOWNEPLACE SUITES Alexandria - Fort Belvoir

N O R T H C A R O L I N A H O T E L• HOME2 SUITES Asheville at Biltmore Village

W E S T V I R G I N I A H O T E L S • SPRINGHILL SUITES Bridgeport Clarksburg• TOWNEPLACE SUITES Bridgeport Clarksburg

P E N N S Y L V A N I A H O T E L S • HOLIDAY INN EXPRESS Altoona• HOLIDAY INN EXPRESS & SUITES Chambersburg

WA S H I N G T O N, D C H O T E L S • COMFORT INN Downtown DC/Convention Center• HAMPTON INN Washington DC NoMa Union Station• HOMEWOOD SUITES Washington DC NoMa Union Station

O H I O H O T E L S • HOME2 SUITES BY HILTON Polaris Columbus• HOME2 SUITES BY HILTON Marysville

M I D W E S T & W E S T R E G I O N S

C O L O R A D O H O T E L S• HAMPTON INN Denver Tech Center South• HOME2 SUITES Denver DIA Airport• HOME2 SUITES Longmont• RESIDENCE INN Denver Airport/Convention Center

M I N N E S O T A H O T E L S• HOME2 SUITES Minneapolis Mall of America• TRU Minneapolis Mall of America

K A N S A S H O T E L S • HAMPTON INN Kansas City - Village West• HOLIDAY INN EXPRESS Kansas City - Village West• HOMEWOOD SUITES Kansas City Speedway

HOTEL LOCATIONS

HOTELS

W E S T R E G I O N

C A L I F O R N I A H O T E L• HILTON GARDEN INN Fremont

N O R T H E A S T R E G I O N

M A S S A C H U S E T T S H O T E L S • HAMPTON INN Boston/Chelsea• HAMPTON INN Haverhill• HOLIDAY INN EXPRESS Andover - North Lawrence• HOLIDAY INN EXPRESS Boston North - Woburn• HOLIDAY INN EXPRESS Saugus (Logan Airport)

N E W Y O R K H O T E L S • CANOPY BY HILTON Ithaca• FAIRFIELD INN & SUITES Albany East Greenbush• HAMPTON INN Ithaca• HAMPTON INN Rochester - North• HAMPTON INN Syracuse/Clay• HAMPTON INN & SUITES Syracuse/Carrier Circle• HILTON GARDEN INN Dobbs Ferry

N E W J E R S E Y H O T E L • HOME2 SUITES Edison NJ

S O U T H E A S T R E G I O N

F L O R I D A H O T E L S • A/C BY MARRIOTT Miami Airport/Doral• FAIRFIELD INN & SUITES Miami Airport South• FAIRFIELD INN & SUITES Miami Airport West/Doral• HAMPTON INN Marathon - Florida Keys• HAMPTON INN Miami Airport East• HAMPTON INN & SUITES Lakeland - South Polk Parkway• HILTON GARDEN INN Miami Downtown - Brickell• HILTON GARDEN INN Miami South Beach• HOME2 SUITES Lakeland• HOME2 SUITES Tampa Airport• HOMEWOOD SUITES Miami Downtown - Brickell• QUALITY INN Miami Airport• RESIDENCE INN Miami Airport West/Doral• SPRINGHILL SUITES Jacksonville Airport

G E O R G I A H O T E L • HOME2 SUITES Atlanta Midtown

L O U I S I A N A H O T E L S• FAIRFIELD INN Metairie• HAMPTON INN Lake Charles• HOLIDAY INN EXPRESS Baton Rouge• HOME2 SUITES Baton Rouge• HOMEWOOD SUITES Metairie• RESIDENCE INN New Orleans Elmwood

T E X A S R E G I O N

T E X A S H O T E L S • HAMPTON INN Pampa• HAMPTON INN Uvalde• HAMPTON INN & SUITES Lackland AFB/SeaWorld• HAMPTON INN & SUITES San Antonio Airport• HAMPTON INN & SUITES San Antonio - Downtown/Market

Square• HAMPTON INN & SUITES San Antonio Northwest/Medical Center• HAMPTON INN & SUITES San Antonio Seaworld• HILTON GARDEN INN Downtown Riverwalk, San Antonio• HILTON GARDEN INN San Antonio Airport South• HOLIDAY INN EXPRESS Lackland Air Force Base• HOLIDAY INN EXPRESS San Antonio N-Riverwalk Area• HOLIDAY INN EXPRESS & SUITES San Antonio - Downtown

Market Area• HOLIDAY INN EXPRESS & SUITES San Antonio North -

Windcrest• HOLIDAY INN EXPRESS & SUITES San Antonio - West

SeaWorld Area• HOLIDAY INN EXPRESS & SUITES Uvalde• HOMEWOOD SUITES Austin Downtown• HOMEWOOD SUITES San Antonio Airport• RESIDENCE INN Lubbock• TOWNEPLACE SUITES Eagle Pass• TRU Lubbock• TRU San Antonio Downtown

I N T E R N AT I O N A L

I N D I A H O T E L • HAMPTON INN Vadodara - Alkapuri, Gujarat

BAYWOOD HOTELS, INC.

9130 GUILFORD ROAD, COLUMBIA, MD 210460

tel 301.345.8700 | fax 301.345.8701

invest@baywoodhotels.com | baywoodhotels.com