1、 2023 Annual Report Property LocationsBoston,MAHyatt Regency Boston HarborThe Liberty,a Luxury Collection Hotel,BostonRevere Hotel Boston CommonW BostonThe Westin Copley Place,BostonChicago,ILHotel Chicago Downtown,Autograph CollectionSan Diego,CAThe Westin Michigan Avenue ChicagoEmbassy Suites San
2、Diego Bay DowntownEstancia La Jolla Hotel&SpaColumbia River Gorge,WAHilton San Diego Gaslamp QuarterSkamania LodgeLAuberge Del MarMargaritaville Hotel San Diego Gaslamp QuarterFlorida&Georgia Gold CoastParadise Point Resort&SpaInn on FifthSan Diego Mission Bay ResortJekyll Island Club ResortThe West
3、in San Diego Gaslamp QuarterLaPlaya Beach Resort&ClubMargaritaville Hollywood Beach ResortSan Francisco,CAThe Marker Key West Harbor ResortArgonaut HotelSouthernmost Beach Resort Key WestChaminade Resort&SpaHarbor Court Hotel San FranciscoLos Angeles,CAHotel Zelos San FranciscoChamberlain West Holly
4、wood HotelHotel Zephyr Fishermans WharfHotel Palomar Los Angeles Beverly HillsHotel Zeppelin San FranciscoHotel Ziggy Los AngelesHotel Zetta San FranciscoLe Mridien Delfina Santa Monica1 Hotel San FranciscoLe Parc at MelroseMondrian Los AngelesWashington,DCMontrose at Beverly HillsGeorge HotelVicero
5、y Santa Monica HotelHotel Monaco Washington DCW Los Angeles West Beverly HillsHotel Zena Washington DCViceroy Washington DCNewport,RINewport Harbor Island ResortPortland,ORThe Hotel ZagsThe Nines,a Luxury Collection Hotel,PortlandColumbia River GorgeSan FranciscoSanta CruzWashington,DCChicagoBostonW
6、est Los AngelesSanta MonicaDel MarSan DiegoPortlandNaplesKey WestJekyll IslandHollywoodNewport TO OUR FELLOW SHAREHOLDERS As we reflect on 2023,we are pleased to report that hotel demand continued to recover from the impact of the pandemic,and our portfolio benefitted.Leading the way were our urban