THE VIEW FROM BRAZIL Ricardo Mader Rodrigues, Managing Director, JLL Hotels & Hospitality

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WEDNESDAY, MAY 11, 2016 2:00pm-7:00pm 4:15pm-5:15pm 5:15pm-7:15pm SPECIAL CROSSOVER PLENARY SESSION IN THE NEWS A FOCUS ON CUBA Letvia Arza-Goderich, Partner, Preston Arza LLP Matthew D.

1 WEDNESDAY, MAY 11, :00pm-7:00pm 4:15pm-5:15pm 5:15pm-7:15pm SPECIAL CROSSOVER PLENARY SESSION IN THE NEWS A FOCUS ON CUBA Letvia Arza-Goderich, Partner, Preston Arza LLP Matthew D. Aho, Special Advisor, Cuba, Akerman LLP Javier Coll, Executive Vice President & CSO, Apple Leisure Group Giora Israel, Director, Global Port & Destination Development, Carnival Corporation HOLA & CHRIS JOINT NETWORKING RECEPTION The HOLA conference will open with a sensational networking reception. This event is also the closing cocktail reception for the Caribbean Hotel & Resort Investment Summit (CHRIS). This joint reception will bring the HOLA and CHRIS delegates together for what promises to be a fantastic event. THURSDAY, MAY 12, :30am-5:30pm 7:30am-9:00am 8:20am-9:05am Host: 9:10am-11:00am CONTINENTAL BREAKFAST CONECTO RÁPIDO If you are coming to HOLA to meet other delegates, Conecto Rápido is a great way to start the conference. During this energetic and intense networking session, delegates will be able to connect with other HOLA delegates in a quick exchange of business cards. Andrea L. Belfanti, Executive Director, ISHC PLENARY SESSION WELCOME TO HOLA BIENVENIDO! BEM-VINDO! LATIN AMERICA COLORFUL & COMPLEX The HOLA conference co-chairs will present their views on the opportunities they see for investing in the hotel industry in their respective regions of Latin America. THE VIEW FROM BRAZIL Ricardo Mader Rodrigues, Managing Director, JLL Hotels & Hospitality THE VIEW FROM CENTRAL AMERICA Raul F. Calvet, CEO, Calvet & Associates THE VIEW FROM MEXICO John A. E. McCarthy, Principal Partner, Leisure Partners THE VIEW FROM SOUTH AMERICA HOTEL DEVELOPMENT IN LATIN AMERICA HOT SPOTS OF TOMORROW & THE CATALYST MARKETS Clay B. Dickinson, Managing Director, JLL Hotels & Hospitality THE ECONOMIC OUTLOOK IN LATIN AMERICA Alvaro Quijandria, Head, Trade & Competitiveness, Global Practice, Latin America & Caribbean, The World Bank Group KEYNOTE ADDRESS The Honorable Enrique de la Madrid Cordero, Secretary of Tourism, Mexico Program as of May 3, 2016 Page 1 of 5

2 THURSDAY, MAY 12, :00am-11:30am 11:30am-1:15pm 11:30am-12:10pm SESSION 01 11:45am-1:00pm SESSION 02 SESSION 03 12:20pm-1:00pm SESSION 04 1:15pm-3:15pm Presenter: Recipient: 3:15pm-3:45pm 3:45pm-5:15pm 3:45pm-4:25pm SESSION 05 NETWORKING BREAK ACQUISITIONS HOTEL INVESTMENT STRATEGIES & WHAT S IT WORTH Carlos A. Alonso, Managing Partner, PKF hotelexperts Latin America Christian Charre, Senior Vice President, CBRE Hotels Robbie Karver, Senior Manager, EY OPPORTUNITIES IN SOUTH AMERICA Rogerio Basso, EVP, Acquisitions & Development, Terranum Arturo García Rosa, President, RHC Latin America Salo Smaletz, VP Dev, Latin America, IHG VACATION OWNERSHIP OWNERS & OPERATORS WORKING TOGETHER TO MAXIMIZE VALUE Gustavo de la Serna, RCI Director BD, RCI Roberto C. Chapur Duarte, CEO Legendary, All Inclusive Collection Kathy Conroy, Director - Partner, HVS Pamela Fredel, Sr. Director Development, Hilton Grand Vacations ACQUISITIONS HOW TO GET THE DEAL DONE Christian Charre, Senior Vice President, CBRE Hotels Richard F. Davis, Co-Chair Hospitality Group, Greenberg Traurig Fernando Mulet, Vice President, Development, Playa Hotels & Resorts LUNCH & PLENARY SESSION INTRADE WHO WE ARE & HOW TO WORK WITH US Erick Aponte, President, InTrade HOLA LIFETIME ACHIEVEMENT AWARD PRESENTATION José Koechlin, CEO & Chairman, Inkaterra OPPORTUNITIES IN MEXICO John A. E. McCarthy, Principal Partner, Leisure Partners Jordi Amill, Director of Tourism & Hospitality, the Americas, Banco Sabadell Pablo Azcárraga, President, Consejo Nacional Empresarial Turístico (CNET) Guillermo Estrada, Director International Development, G6 Hospitality, LLC Ricardo Zúñiga Massieu, Chairman & CEO, Vertex Real Estate NETWORKING BREAK MEET THE BRANDS ROUND ONE A unique and highly interactive session to provide the opportunity to connect with the hotel brand that is right for your deal. Juan Corvinos, Managing Director, Development, Hilton Worldwide Hugo Desenzani, Chief Business Development Officer, Atton Hotels Roland Mouly, Vice President Development, Carlson Rezidor Hotel Group Program as of May 3, 2016 Page 2 of 5

3 THURSDAY, MAY 12, :45pm-5:00pm SESSION 06 SESSION 07 4:35pm-5:15pm SESSION 08 5:30pm-8:00pm Meets In: OPPORTUNITIES CENTRAL AMERICA Raul F. Calvet, CEO, Calvet & Associates Mario E. Carbone, Chief Development Rep., Central America, Hilton Worldwide Michael K. Cobb, CEO, ECI Development Javier Navarro, Executive Manager, Latam Hotel Corp. Emilio Peralta, Director of Investment Trusts, BANPRO Bank MIXED USE DEVELOPMENTS WEAVING THE PIECES TOGETHER Camilo Bolanos, VP Development & Real Estate, Hyatt Hotels Corporation Lynn K. Cadwalader, Partner, DLA Piper Jaime Fasja, CEO, Thor Urbana Rafael Lang, CEO, Mota Engil Turismo Carolina Spinelli, Business Director, Horwath HTL MEET THE BRANDS ROUND TWO A unique and highly interactive session to provide the opportunity to connect with the hotel brand that is right for your deal. Chris Burdette, Sr. Regional Director, Best Western Hotels & Resorts Cristiano Goncalves, RVP Development - Central America, Andean Region, IHG Patricio del Portillo, Director Development, Mexico & Central America, Starwood Hotels & Resorts GALA NETWORKING RECEPTION This reception will take place at the Aloft South Beach, hosted by Atton Hotels. HOLA delegates will enjoy an evening of networking and deal-making. Bus transportation will be provided to the event from the JW Marriott Marquis Miami. Delegates are responsible for finding their way home or back to their hotel after this delightful event. Aloft South Beach FRIDAY, MAY 13, :30am-2:45pm 7:45am-8:40am 8:40am-11:00am CONTINENTAL BREAKFAST PLENARY SESSION WELCOME BACK & PRIZES OLYMPICS RIO DE JANEIRO 2016 AN UPDATE & THE IMPACT Marcelo Haddad, President, Rio Negócios OPPORTUNITIES IN BRAZIL Ricardo Mader Rodrigues, Managing Director, JLL Hotels & Hospitality Felipe Pinto Gomes, CFO/Development, BHG S.A. Maximo Pinherio Lima Netto, Partner, HSI Hemisfério Sul Invest Paula Muniz, Vice President Real Estate & Development Brazil, Hyatt Hotels Greg O Stean, Chief Development Officer, Carlson Rezidor Hotel Group Program as of May 3, 2016 Page 3 of 5

4 FRIDAY, MAY 13, 2016 PLENARY SESSION (CONTINUED) 11:10am-12:40pm 11:10am-11:50am SESSION A SESSION B SESSION C 12:00pm-12:40pm SESSION A SESSION B SESSION C 12:45pm-2:00pm THE VIEW FROM THE BOARDROOM Hotel leaders share their insights and outlook for Latin America in 2016 and beyond. Simon M. Turner, President Global Development, Starwood Hotels & Resorts José Carlos Azcárraga, CEO, Grupo Posadas Patrick Mendes, CEO Accor Hotels Latin America, Accor Hotels Javier Rosenberg, Chief Operating Officer, Carlson Rezidor Hotel Group Bruce D. Wardinski, Chairman & CEO, Playa Hotels & Resorts CASAS DE CAPITAL ROUND ONE Back by popular demand, Casas de Capital includes three interactive repeating sessions between hotel capital providers and HOLA delegates. Designed with the delegate s needs in mind, sessions will repeat so those interested in multiple sources of capital may attend and participate in more than one session. EQUITY GROUP ONE Fabian Monsalve, Partner, Baker & McKenzie Rogerio Basso, EVP, Acquisitions & Development, Terranum Noah Kessler, Director, Broad Street Capital Fernando Mulet, Vice President, Development, Playa Hotels & Resorts Blanca Rodríguez, Managing Director, Banyan Tree Mexico Hospitality Fund EQUITY GROUP TWO Mark Lunt, Principal, EY Raj Contractor, SVP, Investments, Host Hotels & Resorts Felipe Galeano, CEO, METRO Hotels Federico Martin del Campo, Principal and Director of Acquisitions, Walton Street Fernando Rocha, Director of Acquisitions & Development, Fibra Inn DEBT Edgar Garin, Director, Development International, La Quinta Inns & Suites Jordi Amill, Director of Tourism & Hospitality, the Americas, Banco Sabadell Eduardo Gruener, CEO and Founder, GFG Securities, LLC Emilio Peralta, Director of Investment Trusts, BANPRO Bank Santiago L. Porta, Principal Investment Officer, IFC/World Bank CASAS DE CAPITAL ROUND TWO EQUITY GROUP ONE EQUITY GROUP TWO DEBT CLOSING NETWORKING LUNCH Program as of May 3, 2016 Page 4 of 5

2016 CO-CHAIRS Brazil Central America Mexico South America Ricardo Mader Rodrigues Managing Director JLL Hotels & Hospitality Raul F. Calvet CEO Calvet & Associates John A. E.

international delegates, BHN conferences have become must attend events for industry leaders who come together to network, conduct business and to learn about the latest trends.

Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum

com is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world.

Dickinson, JLL Hotels & Hospitality John S. Fareed, JFHC, LLC Edgar Garin, La Quinta Inns & Suites Juan Carlos Guerra, Baker & McKenzie PROGRAM PLANNING COMMITTEE Cherie L.

5 2016 CO-CHAIRS Brazil Central America Mexico South America Ricardo Mader Rodrigues Managing Director JLL Hotels & Hospitality Raul F. Calvet CEO Calvet & Associates John A. E. McCarthy Principal Partner Leisure Partners Francisco Levine CEO Atton Hotels ABOUT THE HOST With three decades of experience, over 130 events completed to-date, and more than 90,000 international delegates, BHN conferences have become must attend events for industry leaders who come together to network, conduct business and to learn about the latest trends. BHN events include: the Americas Lodging Investment Summit (ALIS) in Los Angeles; ALIS Law in Los Angeles; ALIS Summer Update; Alternative Ownership Conference Asia Pacific (AOCAP) in Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum India (HIFI) in Mumbai; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London. The BHN website at is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world. Erick Aponte, InTrade Francisco Arocha, LHA Letvia Arza-Goderich, Preston Arza LLP Camilo Bolanos, Hyatt Hotels Corporation Rajesh Chandnani, WATG Wimberly Interiors Clay B. Dickinson, JLL Hotels & Hospitality John S. Fareed, JFHC, LLC Edgar Garin, La Quinta Inns & Suites Juan Carlos Guerra, Baker & McKenzie PROGRAM PLANNING COMMITTEE Cherie L. Jeffries, RCI Mark Lunt, EY Ted Middleton, Hilton Worldwide Roland Mouly, Carlson Rezidor Hotel Group Fernando Mulet, Playa Hotels & Resorts Gustavo Ripol, Leisure Partners S.A. Salo Smaletz, IHG Chad F. Sorensen, ISHC Russell D. Urban, (formerly) Destination Hotels Program as of May 3, 2016 Page 5 of 5

TUESDAY, APRIL 25, 2017

TUESDAY, APRIL 25, 2017 7:30am-7:30pm 8:30am-9:30am 9:30am-11:00am 11:00am-12:00pm 11:05am-11:55am Facilitators: 11:10am-11:30am 12:00pm-1:00pm SESSION 01 REGISTRATION & INFORMATION CONTINENTAL BREAKFAST