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Trends in the hotel industry: United States cities--year-end results for 2002.

TRENDS IN THE HOTEL INDUSTRY
United States Cities--Year-End Results for 2002

                                     Occupancy

                               2002    2001   Variance

NEW ENGLAND AND MIDDLE
ATLANTIC CITIES
  Albany, NY                  65.1%   64.8%      0.4%
  Boston,

MA 63.6% 65.2% -2.4% Hartford, CT 62.5% 64.3% -2.8% Long Island, NY 68.8% 72.3% -4.9% New York, NY 76.3% 75.6% 1.0% Northern New Jersey, NJ 62.5% 68.7% -8.9% Philadelphia, PA 58.4% 59.3% -1.5% Pittsburgh, PA 59.3% 59.7% -0.6% Subtotal 66.4% 67.6% -1.7% NORTH CENTRAL CITIES Chicago, IL 60.2% 61.6% -2.2% Cincinnati, OH 52.0% 49.0% 6.1% Cleveland, OH 55.2% 57.5% -4.0% Columbus, OH 59.9% 59.3% 1.0% Dayton, OH 54.2% 55.2% -1.7% Detroit, MI 57.5% 59.4% -3.2% Indianapolis, IN 56.3% 57.5% -2.2% Kansas City, MO 59.7% 61.3% -2.5% Minneapolis, MN 60.5% 62.6% -3.3% Omaha, NE 58.8% 60.3% -2.4% St. Louis, MO 60.9% 61.2% -0.6% Subtotal 58.7% 59.9% -2.0% SOUTH ATLANTIC CITIES Atlanta, GA 58.5% 61.0% -4.1% Baltimore, MD 68.1% 67.6% 0.7% Charlotte, NC 52.6% 52.2% 0.8% Columbia, SC 63.8% 61.7% 3.5% Fort Lauderdale, FL 62.7% 66.8% -6.2% Miami, FL 63.9% 65.7% -2.8% Orlando, FL 61.4% 62.7% -2.1% Raleigh, NC 58.9% 59.9% -1.7% Richmond, VA 54.8% 57.2% -4.1% Tampa FL 60.5% 62.6% -3.4% Washington, DC 66.2% 66.4% -0.4% West Palm Beach FL 64.2% 67.9% -5.4% Subtotal 61.3% 62.8% -2.3% SOUTH CENTRAL CITIES Austin, TX 57.5% 62.6% -8.3% Dallas, TX 54.3% 56.6% -4.1% Fort Worth, TX 57.7% 59.8% -3.6% Houston, TX 60.3% 65.6% -8.1%

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