KNIGHT FRANK VALUATIONS.

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KNIGHT FRANK VALUATIONS. HOTELS & LEISURE. ASIA PACIFIC. CONNECTING PEOPLE & PROPERTY, PERFECTLY.

ABOUT KNIGHT FRANK. Knight Frank Valuations objective is to work with clients to ensure they have timely, accurate and relevant valuation information in order to properly manage portfolios, make decisions and assess risks. We understand that a property valuation needs to be both independent and objective and be undertaken in accordance with standards and compliance regimes as well as instructions. Asia Pacific Hotels Team The experience held by our Asia Pacific team of hotel and resort specialists covers the entire spectrum of branded and independently owned properties across all states of Australia and New Zealand, and Asia encompassing such countries as Thailand, Singapore, Hong Kong, China, India and Japan. We understand the dynamics of this specialist hotel/resort real estate market, the complexities of its business and the motives that drive hotel/resort investment, which we apply in providing accurate and reliable advice. Our team is reputed for the trusted relationships we build with clients, offering the full breadth of valuation services and draws support, as necessary, from our extensive local office network. Knight Frank offers you the benefits of our global network. Within the Asia Pacific we have offices within: Australia Cambodia China Hong Kong India Indonesia Japan Korea (South) Macao Malaysia New Zealand Philippines Singapore Taiwan Thailand Vietnam

Australia Alistair Bell Director, Hotels & Leisure Knight Frank Valuations Level 22, 123 Pitt Street, Sydney New South Wales, 2000 Australia P: +61 2 9036 6763 M: +61 405 146 200 Alistair.Bell@au.knightfrank.com Samantha Freeman Director, Knight Frank Valuations Level 29, 120 Collins Street, Melbourne Victoria, 3000 Australia P: +61 3 8546 6807 M: +61 438 126 720 sfreeman@vic.knightfrankval.com.au Monika Mattczak Divisional Director, Hotels & Leisure Knight Frank Valuations Level 22, 123 Pitt Street, Sydney New South Wales, 2000 Australia P: +61 2 9036 6894 M: +61 409 995 753 Monika.Mattczak@au.knightfrank.com Queen s Wharf, Brisbane, Integrated Resort Development Hyatt Regency, Perth Sofitel Gold Coast, Broadbeach The Westin, Sydney

New Zealand Allen Beagley Director, Hotels & Leisure Knight Frank New Zealand L1, 381 Great South Rd, Ellerslie Auckland, 1051New Zealand P: +64 9 377 3700 M: +64 272 202 033 Allen.Beagley@nz.knightfrank.com Heritage, Auckland City Life, Auckland Heritage, Queenstown InterContinental, Fiji Golf Resort & Spa

Thailand Greg Condon Associate Director, Hospitality & Investment Knight Frank Thailand 65/192 23rd Floor Chamnan Phenjati Business Center Rama 9 Road Huaykwang District, Bangkok, 10320 Thailand P: +66 (0) 2 643 8223 - Ext. 146 M: +66 (0) 86 409 0608 greg.condon@th.knightfrank.com Chatchai Angarunkorn Director, Hospitality & Investment Knight Frank Thailand 65/192 23rd Floor Chamnan Phenjati Business Center Rama 9 Road Huaykwang District, Bangkok, 10320 Thailand P: +66 (0) 2 643 8223 - Ext. 142 M: +66 (0) 81342 2781 chatchai.angarunkorn@th.knightfrank.com Outrigger Samui, Beach Resort Sheraton Resort & Spa, Hua Hin Hyatt Regency Suhumvit, Bangkok Royal Phuket Yacht Club

Hong Kong & Macao Thomas Lam Senior Director, Head of Valuation & Consultancy Knight Frank Hong Kong 4th Floor, Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong P: +852 2846 4819 M: +852 9159 2093 thomas.lam@hk.knightfrank.com Four Seasons, Central, Hong Kong Hong Kong, West Kowloon, Hong Kong The Ritz-Carlton, West Kowloon, Hong Kong The Venetian, Macao

Singapore Low Kin Hon Deputy Group Managing Director and Head of Valuation Knight Frank Singapore 16 Raffles Quay, #30-01 Hong Leong Building, Singapore 048581 P: +65 6228 6860 kinhon.low@sg.knightfrank.com Png Poh Soon Director, Valuation Knight Frank Singapore 16 Raffles Quay, #30-01 Hong Leong Building, Singapore 048581 P: +65 6228 7393 pohsoon.png@sg.knightfrank.com Orchard Hotel, Singapore Rendezvous Hotel, Singapore Oasia Hotel, Singapore Capri by Fraser, Singapore

OUR SECTORS. Aged Care & Retirement Going Concerns Industrial Residential Dwellings Agribusiness Health Residential Developments Commercial Hotels, Resorts & Serviced Apartments Retail OUR LOCATIONS. Australia New Zealand Sydney Level 22, Angel Place 123 Pitt Street Sydney NSW 2000 T +61 2 9036 6666 Melbourne Level 29, 120 Collins Street Melbourne VIC 3000 T +61 3 9602 5722 Brisbane Level 3 12 Creek Street Brisbane QLD 4000 T +61 7 3246 8888 Perth Level 10, Exchange Tower 2 The Esplanade Perth WA 6000 T +61 8 9325 2533 Suite 2, 143 Adelaide Terrace East Perth WA 6004 T +61 8 9225 2500 Adelaide Level 25, Westpac House 91 King William Street Adelaide SA 5000 T +61 8 8233 5222 Canberra 64 Allara Street Canberra ACT 2608 T +61 2 6230 7855 Cairns Level 1, 32 Sheridan Street Cairns QLD 4870 T +61 7 4046 5300 Darwin Level 2, 46 Smith Street Mall Darwin NT 0800 T +61 8 8982 2500 Gladstone Shop 3, 191 Philip Street Gladstone QLD 4680 T +61 7 4978 7212 Glen Waverley Ground Floor, Building 1 540 Springvale Road Glen Waverley VIC 3150 T +61 3 8545 8600 Gold Coast Level 2, The Wave 89 Surf Parade Broadbeach QLD 4218 T +61 7 5636 0800 Hobart 5 Victoria Street Hobart TAS 7000 T +61 3 6220 6999 Illawarra Level 4, 2 Coombe Street Wollongong NSW 2500 T +61 2 4227 2111 Launceston Suite 2A, 41 York Street Launceston TAS 7250 T +61 3 6333 7888 Mackay 76 Gordon Street Mackay QLD 4740 T +61 7 4940 0100 Newcastle Suite 1, Ground Floor 168 Parry Street Newcastle NSW 2300 T +61 2 4920 5700 North Sydney Level 4, 60 Miller Street North Sydney NSW 2060 T +61 2 9028 1100 Rockhampton Level 2, 102 Bolsover Street Rockhampton QLD 4700 T +61 7 4921 2347 Strathpine Level 1, Shop 4 259 Leitchs Road Brendale QLD 4500 T +61 7 3482 6000 Sydney South Suite 9G, Graphix Row Sydney Corporate Park 160 Bourke Road Alexandria NSW 2015 T +61 9036 6841 Sydney South West Level 1, Suite 7 72-74 Bathurst Street Liverpool NSW 2170 T +61 2 9733 0189 Sydney West Level 2, 91 Phillip Street Parramatta NSW 2150 T +61 2 9761 1800 Townsville Central, Ground Level 520 Flinders Street Townsville QLD 4810 T +61 7 4750 3000 Wagga Wagga Shop 44, Kooringal Mall Lake Albert Road Wagga Wagga NSW 2650 T +61 2 6923 8000 Auckland Level 13, 34 Shortland Street Auckland CBD 1010 T +64 9 377 3700 Level 1, 381 Great South Road Ellerslie Auckland 1051 T +64 9 377 3700 Christchurch Level 1, 145 Victoria Street Christchurch 8013 T +64 3 377 3700 Asia Cambodia China Hong Kong India Indonesia Japan Malaysia Singapore South Korea Taiwan Thailand