Organization (Tables)

6 Months Ended

Jun. 30, 2015

Consolidated Portfolio of Hotels by Location

As of June 30, 2015, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries:

	Hotels
United States		95
Australia		1
Brazil		3
Canada		2
Chile		2
Mexico		1
New Zealand		7
Total		111

European Joint Venture

Consolidated Portfolio of Hotels by Location

As of June 30, 2015, the Euro JV owned hotels located in the following countries:

	Hotels
Belgium		3
France		4
Germany		2
Italy		3
Poland		1
Spain		2
Sweden		1
The Netherlands		1
United Kingdom		1
Total		18