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Mark S. Beadle, CHA

Statement of Qualifications

Mark S. Beadle, CHAMark S. Beadle, CHA is a Principal with Horwath HTL. Horwath has focused specifically on providing real estate, financial and contractual advisory services to the hospitality industry for over 90 years.

Mr. Beadle is a highly experienced real estate and advisory professional who has dedicated his career to the hospitality industry. During the past 35 years he has developed exceptional expertise in asset acquisition and disposition, asset management, project development, franchise development, management contract analysis, market analysis and unit operations.

Before joining Horwath Mr. Beadle had successfully held top management positions for several major hospitality advisory and development firms. As Director of Real Estate and Asset Management at Holiday Inn Worldwide and subsequent Bass Hotels & Resorts (currently InterContinental Hotels Group), he held real estate and asset management responsibilities for a portfolio of over 60 hotel assets valued in excess of one billion dollars. In this position he was responsible for working with corporate managed hotels designated for disposition. In cases of leasehold properties he negotiated lease terminations acceptable to both ownership and landlord.

Prior to joining Holiday Inn Worldwide Mr. Beadle was a Vice President and Project Manager with a southeastern regional development company based in Atlanta. In this position he was responsible for the ground-up development of various hotel, office and retail projects. His responsibilities included the oversight of the design, construction and FF&E procurement as well as franchise and management company selection. Upon completion and opening Mr. Beadle provided asset management services as well.

Additional experiences include franchise sales and development where Mr. Beadle was responsible for a nine state southeastern territory and the promotion and development of a limited service brand of hotels for the region. In addition to franchise agreements he sought and negotiated third party hospitality management contracts for Lodging Systems Inc., the parent company of Rodeway Inns International and Summit Hotels, Inc. He has also been a senior consultant with Pannell Kerr Forster, an international certified public accounting and hospitality consulting firm, where among other assignments he was involved in review, advising and consulting of hospitality asset management assignments. Mr. Beadle has unit operational experience with both Stouffer's and Sheraton Hotel Corporations where he was a member of the executive committees and held key management positions. In these positions he was responsible for fulfilling certain asset management requirements relating to planning, budgeting and operations.

Mr. Beadle holds the industry designation of Certified Hotel Administrator (CHA) and was graduated from The School of Hospitality Business at Michigan State University. He has also received a Master of Science degree in Real Estate from Georgia State University. Mr. Beadle is currently licensed as a real estate broker in ten states. He has been a hotel school guest lecturer and served as a panel member at industry conferences.

Horwath HTL is the world's largest hospitality advisory firm with 57 offices in 32 countries with professionals dedicated to the hospitality industry. The Horwath HTL group has focused specifically on providing real estate, financial and contractual advisory services to its hospitality industry clients for over 90 years.

The North American offices are located in San Francisco, Los Angeles, Phoenix, Dallas, Denver, Atlanta, Miami, Toronto, Montreal, Santo Domingo and Mexico City.

The company is a member of Crowe Horwath International – a network of certified public accounting firms with more than 400 offices worldwide.

No one is better qualified and positioned to assist clients in succeeding with their hotel, tourism and leisure projects, assets and investments than the hotel experts at Horwath HTL.