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GLOBAL REACH OF SPONSOR, M&C

OVERVIEW AND FINANCIAL REVIEW

NORTH

AMERICA

Anchorage

Avon

Boston

Boulder

Buffalo

Chagrin Falls

Chicago

Cincinnati

Durham

Kissimmee

Los Angeles

Minneapolis

Nashville

New York

Scottsdale

EUROPE

Georgia

Tbilisi

France

Paris

ltaly

Rome

United

Kingdom

Aberdeen

Birmingham

Cardiff

Dudley

Gatwick

Glasgow

Liverpool

London

Manchester

Newcastle

Plymouth

Reading

Sheffield

Slough-Windsor

MIDDLE

EAST

United Arab

Emirates (UAE)

Abu Dhabi

Dubai

Fujairah

Sharjah

Qatar

Doha

Kuwait

Al Jahra

Al Salmiya

Iraq

Sulaymaniyah

Oman

Muscat

Mussanah

Jordan

Amman

Saudi Arabia

Hail

Madinah

Riyadh

CHINA &

TAIWAN

China

Beijing

Chengdu

Fuqing

Hangzhou

Qingdao

Shanghai

Wenjiang

Wuxi

Xiamen

Taiwan

Taipei

Taichung

Hong Kong

REST OF

ASIA

Singapore

Indonesia

Jakarta

Malaysia

Cameron Highlands

Kuala Lumpur

Penang

Thailand

Bangkok

Phuket

Philippines

Manila

Japan

Tokyo

South Korea

Seoul

NEW

ZEALAND

Auckland

Bay of Islands

Dunedin

Greymouth

Hokianga

Masterton

New Plymouth

Palmerston North

Queenstown

Rotorua

Taupo

Te Anau

Wanganui

Wellington

CDLHT stands to benefit from the Sponsor’s financial strength, experience,

market reach and network of contacts in the global hotel and hospitality industry.

The Sponsor owns and/or operates a portfolio of over 120 hotels worldwide.

New Zealand

South Korea

North America

Hong Kong

Indonesia

Singapore

Malaysia

Thailand

Philippines

Taiwan

China

United Kingdom

France

Italy

Iraq

Jordan

Kuwait

UAE

Oman

Saudi Arabia

Qatar

Japan

Georgia

5

Annual Report 2016

OVERVIEW AND

FINANCIAL REVIEW