Welcome Q2 18. Richard Crawford. Welcome to Marriott International s quarterly hotel development update for the Australia Pacific region.

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1 Q2 18 Welcome to Marriott International s quarterly hotel development update for the Australia Pacific region. Our latest announcements include the return of W to Sydney, our debut in Adelaide, Australia s first AC Hotel, plus the opening of two worldclass hotels in Perth and Brisbane. I was pleased to be joined recently by senior Marriott executives from the U.S. and Hong Kong for a series of industry meetings in Australia and New Zealand. On this road trip we commenced a conversation about how Marriott intends to apply capital and balance sheet support to back hotel development in our region. I look forward to progressing this work and invite you to consider ways we might collaborate to achieve our respective investment objectives. Best, wishes, Richard Crawford. Welcome Richard Crawford Senior Director of Hotel Development Australia, New Zealand, and Pacific E richard.crawford@marriott.com M

2 W SYDNEY Darling Harbour, Sydney Greaton Holdings Pty Ltd Guest Rooms: 593 Opening: Q Signaling the long-awaited return to Sydney of a global accommodation icon, W Sydney will be an electrifying large-scale luxury hotel. The heartbeat of The Ribbon development, W Sydney will redefine Darling Harbour and transform the Sydney skyline. SYDNEY W s renowned hallmarks of design, fashion and entertainment will be brought to life through innovative facilities programming and an exciting calendar of high-energy events.

3 THE WESTIN ADELAIDE 141 King William Street, Adelaide Greaton Holdings Pty Ltd Guest Rooms: 285 Opening: Q Marriott International s inaugural presence in Adelaide, The Westin Adelaide will be a stunning redevelopment of Adelaide s historic General Post Office building. A new 15-storey tower will house all guest rooms, while the original building will be home to public areas, plus first class dining options, setting new standards in hospitality for the city. ADELAIDE

4 AC HOTEL SOUTHBANK 199 Normanby Road, Southbank Capital Alliance Guest Rooms: 193 Opening: Q Born from the vision of renowned Spanish hotelier, Antonio Catalan, AC Hotels will debut in Australia as the centre-piece of Capital Alliance s next mixed-use development, in Melbourne s Southbank. MELBOURNE A hallmark of the upscale lifestyle brand is its fusion of European influenced design and functionality to deliver premium guest rooms, collaborative social spaces, multiple culinary outlets, events space, and recreational facilities.

5 W BRISBANE 300 George Street, Brisbane Shayer Group Guest Rooms: 312 Opened: June 2018 Proudly overlooking the Brisbane River from the heart of the city, W Brisbane has opened to critical acclaim and quickly staked its claim as the city s must-experience hotel. W Brisbane delivers an intoxicating mix of urban style and modern design, with a decidedly cheeky Aussie point of view. The design narrative, A River Dreaming is a nod to the hotel s prime location and draws influence from Australia s indigenous heritage and colonial roots. BRISBANE Distinctive venues, including the famed Three Blue Ducks restaurant, The Living Room, and Wet Deck rooftop bar are sure to be where the action is, while Away Spa, Edwards and Co. salon, and W s FIT gym offer Brisbane s finest indulgences and wellness experiences.

6 THE WESTIN PERTH 480 Hay Street, Perth BGC Development Guest Rooms: 368 Opened: April 2018 The large-scale Westin Perth has opened in the revitalised East End quarter of Perth CBD, known as the Historic Heart of the city. In the fine tradition of its sister hotels in Sydney and Melbourne, The Westin Perth delivers first-class offerings, including Garum restaurant s contemporary Roman dining experience, The Haven Lounge, Executive Club Lounge, Fitness Studio and pool deck, plus 2,300m² of event space. PERTH

7 Grow with the world s largest hotel company. Richard Crawford Maria Verner Senior Director, Development Manager, Development Australia, NZ, and Pacific Australia, NZ and Pacific M: M: E: richard.crawford@marriott.com E: maria.verner@marriott.com Marriott International, Inc. Sheraton on the Park, 161 Elizabeth St Sydney, NSW 2000 marriottdevelopment.com