Windsor Capital Group, Inc. is a privately owned hotel ownership and hotel management company with corporate offices in Santa Monica, California. The Company currently owns and operates 37 hotels in 13 states:

• 17 Embassy Suites Hotels
• 2 full-service Marriott Hotel
• 9 Marriott Courtyards
• 1 Renaissance Hotel
• 1 Country Inn & Suites
• 1 Homewood Suites by Hilton
• 1 Wyndham Hotels & Resorts
• 3 Residence Inn Marriott Hotels
• 1 Hawthorn Suites
• 1 Hilton Garden Inn

This portfolio was created by establishing relationships with many financial institutions including banks, savings and loans, credit companies, insurance and refinancing with Starwood Capital, Greenwich Capital, Nomura, Kemper Investors Life Insurance Company, Northwestern Mutual Life Insurance, Lehman Brothers, Heller Financial Services, Olympus Real Estate, Lend Lease, Deutsche Bank and Credit-Suisse.

WCG approaches the hospitality industry from a unique perspective of in-depth experience in both the development side as well as the management side of the business. At WCG the "Owner's" mentality is firmly entrenched in our perspective on management. We believe we are among the best in cost containment and operating efficiencies. We resist "amenity creep" often proposed by those who seek only to improve the revenues without considering whether or not such additions will improve the bottom line. We are proactive in appealing third party costs such as audit fees and property tax valuations. We manage from the top line revenue to the bottom line net operating income. This pursuit of higher profit margins stems from our own ownership of many hotels.

The key to WCG's success is its rigorous application of sound operational, financial, and managerial principles:

• WCG manages properties by staffing each hotel with highly qualified and capable general managers and sales personnel. We provide the hotel staff with corporate support. Our objective is to give the manager the best opportunity to succeed by providing the tools they need such as training, revenue enhancement modeling, national sales representation, centralized accounting, knowledge and awareness of best demonstrated practices, efficiencies in purchasing, maximum engagement of franchiser provided information and services and many more services.

• WCG has a highly sophisticated financial reporting system that provides real-time data to the operating personnel as well as top-level management reports.

• WCG has built its management team around industry experts with more than 100 years of hands-on experience in operating, marketing and managing hotel assets. WCG's management philosophy is to successfully address the needs of the Owner, the Employee and the Customer. In the long term, a management company cannot succeed if it fails to keep the three constituents evenly balanced in satisfying their objectives.

Today, WCG is one of the leading companies in the hospitality management business with a results oriented approach that produces bottom line operating numbers that are among the best in the industry.