These are some of the executives with whom we have been engaged in various assignments over the years.

James Durbin was President of Marriott Hotels for 20 years, taking the company from four hotels in the early 60's to 120 hotels, and setting the stage for what the Marriott is today. After retiring, he and his son David have built and/or operated management contracts for more than 20 hotels in the Southeastern portion of the U.S.

Carleton Lichty was part of my original hotel family that operated the Los Angeles Biltmore Hotel, consisting of myself, my father, Edward S. Bernard and Baron Long. Long also owned the U.S. Grant Hotel in San Diego, where Carleton was his General Manager. Later, for many years, he was President and moving force behind the restoration of the Hotel del Coronado in San Diego where he returned the hotel to its former prominence.

Earl Clark was Vice President of Colwell Mortgage trust that had several hotel properties in the mid-west upon which they had foreclosed. We analyzed the properties for him, supervised the management, performed turnaround services and assisted with the property sales. We successfully liquidated the properties at prices that saved the company millions.

Gordon Watkins was the leading analyst of hotel development projects for Laventhol and Horwath. Together we combined to assist developers in bringing successful hotel development projects throughout Southern California.

Robert Steele is a leading appraiser of commercial properties throughout the Western United States. We utilize his firm, Parkcenter Realty Advisors, to perform formal appraisals on our hotels. Typically, Bernard undertakes the initial evaluation for the client, doing the research required to perform the projects. Parkcenter reviews our work and makes appropriate adjustments. Frequently our numbers match.

John Burlingame is a highly trusted and long time member of the inner circle at Hyatt. John was a member of the development staff at Hyatt at the time we were retained by Triad America, owned by Adnan Kashogi, to redevelop downtown Salt Lake City. Together we developed a master plan to implement the client's needs, supporting the development of a Hyatt Regency Hotel in downtown Salt Lake City together with two other planned hotels.

Ken Skinner was a highly talented long term associate of Fritz B. Burns, who developed 50,000 residential homes in Westchester (Los Angeles) California. Together with the homes, he built a fine quality community around a first class 760 room hotel - The Airport Marina. The hotel had been successfully leased to Amfac. They subsequently determined to leave the hotel business, subleasing the hotel to a Charles Lee. Lee turned out to be a predator, milking the hotel for all that it was worth - and we were engaged to rescue the property. Our team of professional managers together with our redevelopment staff, re-established the hotel in the LAX market and assisted the Burns Foundation in the successful sale of the property to the Furama Corporation, putting $2,500.000 on the bottom line in 20 months in addition to planning and implementing a $4,000.000 refurbishment.

Robert Morgan was President of Newport Realty Investors, a Real Estate Trust (REIT) during a recent recession. Bernard was engaged to oversee the management and perform the turnaround on their eight hotels upon which they had foreclosed. Bernard was responsible for optimizing the value of the hotels and assisting with their sale. This activity contributed materially to returning Newport Realty Investors to profitability.

Robert Riley is a colleague of many years. He was former President of Growth Realty Advisors Real Estate Investment Trust. Bob specializes in bringing equity investors into projects throughout the Western United States.