CWI 1's Performance

CWI 1 has established and continues to build what we believe is a diversified, well-performing portfolio of hotels. Its portfolio is comprised of a mix of select and full-service hotels and resorts, representing both current income and growth-oriented properties across the U.S.

During the third quarter of 2016, CWI 1's portfolio has outperformed the U.S. Lodging Industry as a whole:


1 Occupancy is the percentage of rooms sold divided by rooms available.
2 ADR, or average daily rate, is room revenue divided by rooms sold, displayed as the average rental rate for a single room.
3 RevPAR, or revenue per available room, is room revenue divided by available rooms.
4 STR, Inc., September 2016. (Date for the nine months ended 09/30/16)
5 Represents statistical data for our Consolidated Hotels during our ownership period.

For the third quarter 2016.
Past performance is not a guarantee of future results.
Although we expect lodging fundamentals to continue to improve, there can be no assurance as to the extent or duration of the improvement.