INTERNATIONAL HOSPITALITY CONSULTING

SERVICES

HOSPITALITY INVESTMENT BROKERAGE DEVELOPMENT

GRUPO TANDEVCO 2

GRUPO TANDEVCO was founded in Mexico City by Magdi El Tanamli in 1995 to provide professional advisory, consulting, development management and operations services to the global hotel, restaurant, mixed-use and leisure industries. The GRUPO TANDEVCO team draws on eight decades of experience in hospitality development, finance, investment, and management and consistently

provides clients with the informed guidance and assistance required to assure success in new and existing related ventures. GRUPO TANDEVCO´s business scope has expanded internationally, and in recent years it has worked on projects not only in Mexico and USA, but also in Brazil, Turkey, Russia, Eastern Europe, and Egypt as well as central Africa.

CONSULTING SERVICES 3

GRUPO TANDEVCO provides the following services to the hospitality field: • Market review and analysis • Site analysis • Supply and demand analysis • Competitive positioning of a proposed property • Forecast of future operational performance and other financial

analysis • Contact, evaluation and selection of hotel management and brand • Franchise and management contract review • Lease review and negotiation • Development of business plan • Financial structuring of project • Valuation • Concept planning and design • Interior concept design and review • Food and beverage, spa, retail and ancillary services advisory • Mixed-use Project and advisory

CAPITAL ADVISORY SERVICES 4

GRUPO TANDEVCO provides a wide range of investment banking advisory services to private equity funds, real investment funds, professional developers, commercial banks, investment banks and high, net worth individuals. Its services include: • Brokerage • Investment advisory • Deal structuring • Financial analysis • Asset management • Mortgage advisory – senior debt and mezzanine

MAJOR CONCLUDED OPERATIONS 5

DEVELOPMENT PRODUCT TYPE LOCATION TRANSACTION $ USD MM

All Inclusive Hotel Cancun, Mexico 50All Inclusive Hotel Acapulco, México 55All Inclusive Hotel Los Cabos, México 58All Inclusive Hotel Cabo San Lucas, México 30All Inclusive Hotel Sale Manzanillo, Mexico 26All Inclusive Luxury Hotel Cancún, México 131All Inclusive Luxury Hotel Riviera Maya, México 64Boutique Hotel Punta Mita, Mexico 22Boutique Hotel Cuernavaca, México 6Boutique Hotel Riviera Maya, México 22Boutique Hotel Guadalajara, México 12Boutique Hotel La Paz, México 20Boutique Luxury Hotel & Resort Yucatan, México 20Boutique Luxury Hotel/ Commercial Playa del Carmen, México 24Four Star Hotel Puerto Vallarta, México 38Four Star Hotel Acapulco, México 18Hotel & Residential Development Cabo San Lucas, México 50Hotel & Residential Development Punta Mita, México 75Hotel & Residential Development Ixtapa , México 72Hotel & Residential Development La Paz, México 68Hotel & Residential Development San Miguel de Allende, México 46Hotel & Residential Development Punta Mita, México 38Hotel Development Mexico City, México 70Hotel Development Cabo San Lucas, México 58Hotel Development Guadalajara, México 43Hotel Development Guadalajara, México 20Hotel Development Istambul, Turkey 62

MAJOR CONCLUDED OPERATIONS 6

DEVELOPMENT PRODUCT TYPE LOCATION TRANSACTION $ USD MM

Hotel Development Moscow, Russia 46Hotel Development Moscow, Russia 48Limited Service Hotel Reforma, México City 17Limited Service Hotel Santa Fé, México City 22Limited Service Hotel Mazatlan, México City 16Limited Service Hotel Cancún, México 20Limited Service Hotel Los Cabos, México 13Limited Service Hotel Tijuana, México 16Limited Service Hotel Puebla, México 11Limited Service Hotel Ciudad del Carmen, México 16Limited Service Hotel La Paz, México 17Limited Service Hotel/ Commercial Guadalajara, México 28Limited services Hotel Ciudad del Carmen, Mexico 10Limited services Hotel Cabos, Mexico 9Luxury Condo Hotel Nuevo Vallarta, México 50Luxury Hotel Cabos, Mexico 51Luxury Hotel La Paz, Mexico 17Luxury Hotel San Antonio, TX. USA 181Luxury Hotel Ft. Lauderdale, FL. USA 92Luxury Hotel Todos Santos, México 52Luxury Hotel Polanco, México 32Luxury Hotel Nuevo Vallarta, México 80Luxury Hotel Rio de Janeiro Brasil 47Luxury Hotel Riviera Maya, México 165Luxury Hotel Bahía de Banderas, México 94Luxury Hotel & Branded Units Riviera Maya, México 182Luxury Hotel /Residential Development Acapulco, México 180Residential Development Mexico City 56

DEVELOPMENT PRODUCT TYPE LOCATION TRANSACTION $ USD MM

Luxury Hotel Monterrey NL. Mexico 68Luxury Hotel Rio de Janeiro, Brasil 64Luxury Hotel Bahia de Banderas, Mexico 60Luxury Hotel Guadalajara, Mexico 60Luxury Hotel Los Cabos. Mexico 55Luxury Hotel Mexico City, Mexico 30Luxury Hotel Ixtapa. Mexico 19Luxury Hotel Los Cabos. Mexico 18Destiladeras Resort Bahia de Banderas, Mexico 360Punta Raza Resort Riviera Nayarit. Mexico 350Golden Mile Resort Riviera Nayarit. Mexico 316Kanay Resort Riviera Nayarit. Mexico 230Acquisition Join Venture Mexico 101Land Sale Riviera Nayarit. Mexico 44Land Sale Riviera Nayarit. Mexico 26Master Franchise Structure Mexico 104Mixed Use Development Miami FL. USA 134Mixed Use Development Guadalajara, Mexico 124Mixed Use Development Santa Fe. Mexico Ciity 40Sale & Leaseback Hotel Chain Cabos, Ixtapa, Manzanillo 60Sale & Leaseback Hotel Chain Cabos, Cancun 25Timeshare Property Los Cabos. Mexico 44

MAJOR CONCLUDED OPERATIONS 7

MAJOR CONCLUDED OPERATIONS 8

DEVELOPMENT ADVISOR LOCATION TERMLuxury Hotel Cancun. Mexico 10 year leaseLuxury Hotel Riviera Maya. Mexico 10 year leaseFour Star Hotel Playa del Carmen. Mexico 30 year leaseLuxury Hotel Los Cabos. Mexico 15 year leaseBusiness Hotel Guadalajara. Mexico 10 year leaseFour Star Hotel Oaxaca. Mexico 10 year leaseAll Inclusive Hotel Riviera Maya. Mexico 20 year leaseAll Inclusive Hotel Manzanillo. Mexico 20 year leaseAll Inclusive Hotel Los Cabos. Mexico 20 year leaseAll Inclusive Hotel Ixtapa. Mexico 20 year leaseAll Inclusive Hotel Puerto Peñasco. Mexico 30 year leaseLuxury Hotel Mexico City. Mexico 20 year leaseAll Inclusive Hotel Acapulco. Mexico 20 year leaseBoutique Hotel Playa del Carmen. Mexico 20 year leaseBusiness Hotel Reforma. Mexico City 20 year leaseLuxury All Inclusive Hotel Riviera Maya. Mexico 20 year lease

• Accor Hotels • AM Resorts • Aparium Hotel Group • Arriva Hotels • Aventine Capital • Basilica Estate

Development • C&C Capital • Cordero Family • Costa Baja Resorts • Dhes Arquitectos • Diametro Arquitectos • Dorak Tour • ElMann Group • Four Seasons Hotels • Gencom Miami • GFA Consulting • Grand Heritage Hotel

Group • Grupo AEI • Grupo Concord • Grupo Danhos • Grupo Dine • Grupo Eco • Grupo Frel • Grupo Garza Ponce • Grupo Gicsa

• Grupo Hospitalidad Latina

• Grupo Hotelero Santa Fe • Grupo Perseo • Grupo Posadas • Grupo X22 • Guindi Family • Hermosillo y Asociados

Arquitectos • Hilton Group • Hotel Villa del Sol • Hoteles Emporio • Hoteles Mision • Hyatt Real State &

Developments • ICD Sitra • Ideurban • Inmobiliaria El Arca • Inverbin • Inversora Veraz • Island Resort Collection • Jones Lang LaSalle • Kor Group • Las Alcobas • Lehman Brothers • Lodging Capital • Lubcke Family • Madrazo Family

• Mandarin Oriental • Marival Group • Marquiz Hotels • Marriott International • Moon Palace • Orient-Express Hotels

Ltd • Ouest Development • Pentz & Partners Inc • Preferred Group • Prudential Real State • Pulso Inmobiliario • Questro Group • Quinta Real • Raffles Hotels & Resorts • Related Group • Rosewood Hotels &

Resorts • Royal Holiday Group • Starwoood • Steadfast Companies • Strategic Hotel Capital • Taxim Hit Hotel • Trion Partners • Walton Street Capital • Wesmont Hospitality

Group • Wong y Asociados

Inmobiliaria

CLIENT LIST 9

CORPORATED REFERENCES 10

Erguvan Tourism and Travel Agency Inc. Bolkan Center C Blok Kat:5 Bolum A Abide-i Hurriyet Cad. No: 285 34381. Sisli Istambul, Turkiye

+ 90 212 2326 000 + 90 212 2326 056

Financial and brand consultancy in several hotel projects

Torunlar Gayrimenkul Yatrim Ortakligi A.S Rüzgarlibahce Mahallesi Selvi Cikmazi No: 4 34805, Beykoz Istambul Turkiye

+ 90 212 449 332 + 90 212 5119 332

• Branding the hotel in Harbiye • Branding de hotel in Atakoy

Dorak Turizm Ve Gayrimenkul Yatrimlari Holding A.S Cumhuriyet Cad. No: 151 Harbiye Istambul Turkiye

+ 90 212 2316 693 + 90 212 2414 701

Financial and brand consultancy in several hotel projects

CORPORATED REFERENCES 11

John Cullen President Grand Heritage Hotel Group 39 Bay Drive Annapolis. MD 21403 USA

+ 1 (410) 280 9800 jcullen@grandheritage.com

Ira J. Schulman Principal Walton Street Capital Chicago, IL USA

+ 1 (312) 915 2885 schulman@waltonst.com

Ing. Ramón Marcos Director General Grupo Frel México City México

+ 52 (55) 5395 8800 elena@frel.com.mx

Rodney F. Emery Chief Executive Officer Steadfast Companies Newport Beach, CA USA

+ 1 (959) 858 0700 remery@steadfastcompanies.com

CORPORATED REFERENCES 12

R. Gerardo Corona González Director de Desarrollo Sector Turismo Bancomext Mexico City, Mexico

+ 52 (55) 5449 9000 rcorona@bancomext.gob.mx

Eduardo Sanchez-Navarro Director General Grupo Questro Mexico City Mexico

+ 52 (55) 5284 4513 esn@questro.com.mx

Andres Rossetto Director General Corporativo Dine México City México

+ 52 (55) 5261 8203 arossetto@mail.dine.com.mx

Manuel Arango Arias Presidente Grupo Concord México City México

+ 52 (55) 5283 3100 conma@grupoconcord.com.mx

CONTACT 13

AV. VASCO DE QUIROGA 3900 INT. 201-C COL. LOMAS DE SANTA FE

C.P. 05300 MEXICO D.F.

EMAIL: info@grupo-tandevco.com WEB SITE: www.tandevcohospitality.com PHONE: +52 55 1659 2509