ONTARIO AIRPORT BEST WESTERN FINANCIALS
For the Period Ended October 31, 2011
	JAN	FEB	MARCH	1Q Total	APRIL	MAY	JUNE	2Q Total	JULY	AUG	SEPT	3Q Total	OCT	NOV	DEC	4Q Total	Year End

SUITES AVAILABLE
2002	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2003	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2004	4650	4350	4650	13650	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54900
2005	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2006	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2007	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2008	4650	4350	4650	13650	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54900
2009	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2010	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2011	4650	4200	4650	13500	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54750
2012	4650	4350	4650	13650	4500	4650	4500	13650	4650	4650	4500	13800	4650	4500	4650	13800	54900
REVENUE SUITES
2002	3439	3702	3892	11033	3906	3716	3687	11309	3708	3606	3340	10654	3795	3459	3154	10408	43404
2003	3661	3378	3742	10781	3775	3523	3477	10775	3585	3319	3329	10233	3821	3540	3199	10560	42349
2004	3668	3833	3998	11499	3808	3738	3688	11234	3745	3684	3889	11318	4099	3702	3122	10923	44974
2005	3406	3303	2889	9598	2193	2385	2812	7390	3262	3140	3594	9996	3583	3427	3163	10173	37157
2006	3404	3855	3949	11208	3457	3792	3835	11084	4061	3856	3753	11670	4101	3267	2945	10313	44275
2007	3346	3495	3537	10378	3538	3338	3679	10555	3702	3698	3355	10755	3729	3603	3489	10821	42509
2008	3689	3780	3888	11357	3843	3739	3518	11100	3507	3587	2976	10070	3385	2953	2701	9039	41566
2009	2994	3293	3265	9552	2956	3070	2970	8996	2947	2892	2932	8771	3522	2927	2729	9178	36497
2010	2542	2784	3057	8383	2639	3005	2787	8431	3464	3592	3489	10545	4033	3571	2775	10379	37738
2011	3082	3209	3799	10090	3669	3753	3780	11202	3655	2616	3291	9562	3204	3475	3400	10079	40933
2012	3350	3450	4050	10850	3625	3800	4125	11550	3950	3950	3750	11650	3975	3775	3625	11375	45425
OCCUPANCY PERCENT % (Revenue Suites only/Suites Available)
2002	74.0%	88.1%	83.7%	81.7%	86.8%	79.9%	81.9%	82.8%	79.7%	77.5%	74.2%	77.2%	81.6%	76.9%	67.8%	75.4%	79.3%
2003	78.7%	80.4%	80.5%	79.9%	83.9%	75.8%	77.3%	78.9%	77.1%	71.4%	74.0%	74.2%	82.2%	78.7%	68.8%	76.5%	77.3%
2004	78.9%	88.1%	86.0%	84.2%	84.6%	80.4%	82.0%	82.3%	80.5%	79.2%	86.4%	82.0%	88.2%	82.3%	67.1%	79.2%	81.9%
2005	73.2%	78.6%	62.1%	71.1%	48.7%	51.3%	62.5%	54.1%	70.2%	67.5%	79.9%	72.4%	77.1%	76.2%	68.0%	73.7%	67.9%
2006	73.2%	91.8%	84.9%	83.0%	76.8%	81.5%	85.2%	81.2%	87.3%	82.9%	83.4%	84.6%	88.2%	72.6%	63.3%	74.7%	80.9%
2007	72.0%	83.2%	76.1%	76.9%	78.6%	71.8%	81.8%	77.3%	79.6%	79.5%	74.6%	77.9%	80.2%	80.1%	75.0%	78.4%	77.6%
2008	79.3%	86.9%	83.6%	83.2%	85.4%	80.4%	78.2%	81.3%	75.4%	77.1%	66.1%	73.0%	72.8%	65.6%	58.1%	65.5%	75.7%
2009	64.4%	78.4%	70.2%	70.8%	65.7%	66.0%	66.0%	65.9%	63.4%	62.2%	65.2%	63.6%	75.7%	65.0%	58.7%	66.5%	66.7%
2010	54.7%	66.3%	65.7%	62.1%	58.6%	64.6%	61.9%	61.8%	74.5%	77.2%	77.5%	76.4%	86.7%	79.4%	59.7%	75.2%	68.9%
2011	66.3%	76.4%	81.7%	74.7%	81.5%	80.7%	84.0%	82.1%	78.6%	56.3%	73.1%	69.3%	68.9%	77.2%	73.1%	73.0%	74.8%
2012	72.0%	79.3%	87.1%	79.5%	80.6%	81.7%	91.7%	84.6%	84.9%	84.9%	83.3%	84.4%	85.5%	83.9%	78.0%	82.4%	82.7%
AVERAGE DAILY RATE (Room Revenue/Revenue Suites)
2002	$ 91.16	$ 95.76	$ 96.84	$ 94.71	$ 105.21	$ 92.96	$ 93.06	$ 97.22	$ 95.50	$ 98.24	$ 95.43	$ 96.40	$ 96.70	$ 95.70	$ 85.39	$ 92.94	$ 95.36
2003	$ 91.32	$ 95.49	$ 96.93	$ 94.57	$ 102.05	$ 92.80	$ 90.82	$ 95.40	$ 88.63	$ 96.72	$ 97.70	$ 94.20	$ 98.72	$ 96.46	$ 85.03	$ 93.82	$ 94.51
2004	$ 94.59	$ 96.98	$ 94.63	$ 95.40	$ 103.09	$ 97.52	$ 95.31	$ 98.68	$ 90.70	$ 95.30	$ 95.56	$ 93.87	$ 98.45	$ 98.76	$ 94.71	$ 97.48	$ 96.34
2005	$ 90.93	$ 101.19	$ 90.41	$ 94.31	$ 86.14	$ 84.94	$ 83.50	$ 84.75	$ 83.86	$ 82.98	$ 84.14	$ 83.68	$ 89.01	$ 85.59	$ 80.59	$ 85.24	$ 87.07
2006	$ 86.36	$ 91.87	$ 87.57	$ 88.68	$ 86.81	$ 88.79	$ 93.53	$ 89.81	$ 88.65	$ 90.07	$ 93.78	$ 90.77	$ 88.31	$ 90.62	$ 88.11	$ 88.99	$ 89.59
2007	$ 88.78	$ 103.76	$ 93.22	$ 95.34	$ 91.62	$ 95.59	$ 94.93	$ 94.03	$ 95.13	$ 96.60	$ 94.52	$ 95.44	$ 91.18	$ 86.25	$ 82.22	$ 86.65	$ 92.83
2008	$ 88.37	$ 101.03	$ 89.28	$ 92.89	$ 87.36	$ 85.73	$ 85.66	$ 86.27	$ 87.90	$ 91.70	$ 76.73	$ 85.95	$ 78.31	$ 80.58	$ 77.32	$ 78.75	$ 86.37
2009	$ 75.59	$ 83.42	$ 76.11	$ 78.47	$ 74.77	$ 74.22	$ 73.24	$ 74.08	$ 73.64	$ 68.22	$ 66.24	$ 69.38	$ 71.59	$ 66.21	$ 66.80	$ 68.45	$ 72.68
2010	$ 68.06	$ 78.04	$ 69.55	$ 71.92	$ 68.47	$ 70.60	$ 70.73	$ 69.97	$ 66.14	$ 63.36	$ 62.85	$ 64.10	$ 63.23	$ 62.38	$ 70.67	$ 64.92	$ 67.38
2011	$ 65.23	$ 66.76	$ 67.34	$ 66.51	$ 63.48	$ 63.30	$ 62.22	$ 63.00	$ 62.55	$ 68.76	$ 59.77	$ 63.29	$ 61.80	$ 73.38	$ 69.12	$ 68.26	$ 65.23
2012	$ 70.45	$ 75.36	$ 74.69	$ 73.59	$ 74.48	$ 76.32	$ 75.76	$ 75.54	$ 75.32	$ 75.32	$ 77.33	$ 75.97	$ 74.21	$ 75.50	$ 71.72	$ 73.85	$ 74.76
REVENUE PAR (Room Revenue/Suites Available)
2002	$ 67.42	$ 84.41	$ 81.05	$ 77.40	$ 91.32	$ 74.29	$ 76.25	$ 80.55	$ 76.16	$ 76.18	$ 70.83	$ 74.43	$ 78.92	$ 73.56	$ 57.92	$ 70.10	$ 75.59
2003	$ 71.90	$ 76.80	$ 78.00	$ 75.53	$ 85.61	$ 70.31	$ 70.17	$ 75.31	$ 68.33	$ 69.03	$ 72.27	$ 69.85	$ 81.12	$ 75.89	$ 58.49	$ 71.79	$ 73.10
2004	$ 74.61	$ 85.45	$ 81.36	$ 80.37	$ 87.24	$ 78.40	$ 78.11	$ 81.22	$ 73.05	$ 75.50	$ 82.58	$ 76.98	$ 86.78	$ 81.24	$ 63.59	$ 77.16	$ 78.92
2005	$ 66.60	$ 79.58	$ 56.17	$ 67.05	$ 41.98	$ 43.57	$ 52.18	$ 45.88	$ 58.83	$ 56.03	$ 67.20	$ 60.61	$ 68.59	$ 65.18	$ 54.82	$ 62.84	$ 59.09
2006	$ 63.22	$ 84.32	$ 74.37	$ 73.63	$ 66.69	$ 72.41	$ 79.71	$ 72.93	$ 77.42	$ 74.69	$ 78.21	$ 76.76	$ 77.89	$ 65.79	$ 55.80	$ 66.50	$ 72.45
2007	$ 63.88	$ 86.34	$ 70.91	$ 73.29	$ 72.03	$ 68.62	$ 77.61	$ 72.71	$ 75.73	$ 76.82	$ 70.47	$ 74.38	$ 73.12	$ 69.06	$ 61.69	$ 67.95	$ 72.07
2008	$ 70.11	$ 87.79	$ 74.65	$ 77.29	$ 74.61	$ 68.93	$ 66.97	$ 70.16	$ 66.29	$ 70.74	$ 50.74	$ 62.72	$ 57.01	$ 52.88	$ 44.91	$ 51.58	$ 65.39
2009	$ 48.67	$ 65.41	$ 53.44	$ 55.52	$ 49.12	$ 49.00	$ 48.34	$ 48.82	$ 46.67	$ 42.43	$ 43.16	$ 44.10	$ 54.22	$ 43.06	$ 39.20	$ 45.52	$ 48.45
2010	$ 37.21	$ 51.73	$ 45.72	$ 44.66	$ 40.15	$ 45.62	$ 43.80	$ 43.22	$ 49.27	$ 48.94	$ 48.73	$ 48.98	$ 54.84	$ 49.50	$ 42.17	$ 48.83	$ 46.44
2011	$ 43.23	$ 51.01	$ 55.02	$ 49.71	$ 51.76	$ 51.09	$ 52.27	$ 51.70	$ 49.17	$ 38.68	$ 43.71	$ 43.85	$ 42.58	$ 56.67	$ 50.54	$ 49.86	$ 48.77
2012	$ 50.75	$ 59.77	$ 65.05	$ 58.50	$ 60.00	$ 62.37	$ 69.44	$ 63.92	$ 63.98	$ 63.98	$ 64.44	$ 64.13	$ 63.44	$ 63.33	$ 55.91	$ 60.87	$ 61.86
ROOM REVENUE
2002	$ 313,509	$ 354,501	$ 376,899	$ 1,044,909	$ 410,954	$ 345,429	$ 343,108	$ 1,099,491	$ 354,121	$ 354,242	$ 318,721	$ 1,027,084	$ 366,967	$ 331,042	$ 269,305	$ 967,314	$ 4,138,798
2003	$ 334,322	$ 322,578	$ 362,700	$ 1,019,600	$ 385,225	$ 326,931	$ 315,785	$ 1,027,941	$ 317,733	$ 321,002	$ 325,234	$ 963,969	$ 377,223	$ 341,486	$ 271,997	$ 990,706	$ 4,002,216
2004	$ 346,957	$ 371,728	$ 378,339	$ 1,097,024	$ 392,575	$ 364,548	$ 351,489	$ 1,108,612	$ 339,664	$ 351,085	$ 371,622	$ 1,062,371	$ 403,538	$ 365,597	$ 295,683	$ 1,064,818	$ 4,332,825
2005	$ 309,708	$ 334,232	$ 261,202	$ 905,142	$ 188,908	$ 202,593	$ 234,809	$ 626,310	$ 273,539	$ 260,553	$ 302,391	$ 836,483	$ 318,939	$ 293,306	$ 254,916	$ 867,161	$ 3,235,096
2006	$ 293,971	$ 354,157	$ 345,821	$ 993,949	$ 300,115	$ 336,689	$ 358,690	$ 995,494	$ 359,993	$ 347,307	$ 351,963	$ 1,059,263	$ 362,170	$ 296,062	$ 259,472	$ 917,704	$ 3,966,410
2007	$ 297,058	$ 362,646	$ 329,710	$ 989,414	$ 324,154	$ 319,072	$ 349,240	$ 992,466	$ 352,167	$ 357,227	$ 317,114	$ 1,026,508	$ 340,022	$ 310,766	$ 286,855	$ 937,643	$ 3,946,031
2008	$ 325,988	$ 381,879	$ 347,102	$ 1,054,969	$ 335,735	$ 320,539	$ 301,366	$ 957,640	$ 308,271	$ 328,934	$ 228,339	$ 865,545	$ 265,078	$ 237,944	$ 208,842	$ 711,863	$ 3,590,016
2009	$ 226,310	$ 274,713	$ 248,488	$ 749,511	$ 221,020	$ 227,858	$ 217,519	$ 666,396	$ 217,030	$ 197,306	$ 194,204	$ 608,540	$ 252,140	$ 193,783	$ 182,289	$ 628,212	$ 2,652,659
2010	$ 173,018	$ 217,260	$ 212,611	$ 602,889	$ 180,691	$ 212,138	$ 197,122	$ 589,951	$ 229,097	$ 227,580	$ 219,279	$ 675,956	$ 254,994	$ 222,755	$ 196,097	$ 673,846	$ 2,542,642
2011	$ 201,030	$ 214,237	$ 255,820	$ 671,087	$ 232,912	$ 237,580	$ 235,195	$ 705,687	$ 228,629	$ 179,866	$ 196,693	$ 605,188	$ 198,009	$ 255,000	$ 235,000	$ 688,009	$ 2,669,971
2012	$ 236,000	$ 260,000	$ 302,500	$ 798,500	$ 270,000	$ 290,000	$ 312,500	$ 872,500	$ 297,500	$ 297,500	$ 290,000	$ 885,000	$ 295,000	$ 285,000	$ 260,000	$ 840,000	$ 3,396,000
GOP DOLLARS
2002	$ 158,132	$ 167,097	$ 163,408	$ 488,637	$ 203,819	$ 161,269	$ 165,313	$ 530,401	$ 147,173	$ 159,546	$ 149,019	$ 455,738	$ 174,170	$ 152,122	$ 92,946	$ 419,238	$ 1,894,014
2003	$ 167,099	$ 169,225	$ 191,464	$ 527,788	$ 202,994	$ 120,265	$ 149,003	$ 472,262	$ 133,827	$ 148,503	$ 147,560	$ 429,890	$ 206,874	$ 151,811	$ 106,977	$ 465,662	$ 1,895,602
2004	$ 152,855	$ 182,779	$ 183,647	$ 519,281	$ 187,526	$ 162,191	$ 163,361	$ 513,078	$ 144,064	$ 157,431	$ 170,656	$ 472,151	$ 148,744	$ 180,865	$ 56,302	$ 385,911	$ 1,890,421
2005	$ 62,731	$ 101,062	$ 2,195	$ 165,988	$ 80,767	$ 47,120	$ (37,685)	$ 90,202	$ 78,894	$ 20,302	$ 133,547	$ 232,743	$ 101,427	$ 114,514	$ 91,692	$ 307,633	$ 796,566
2006	$ 75,074	$ 80,724	$ 97,540	$ 253,338	$ 105,278	$ 88,253	$ 145,554	$ 339,085	$ 122,111	$ 110,450	$ 146,857	$ 379,418	$ 139,168	$ 118,972	$ 73,935	$ 332,075	$ 1,303,916
2007	$ 58,043	$ 180,644	$ 91,932	$ 330,619	$ 124,404	$ 86,416	$ 142,349	$ 353,169	$ 107,249	$ 114,385	$ 114,863	$ 336,497	$ 113,801	$ 86,057	$ 73,195	$ 273,053	$ 1,293,338
2008	$ 51,090	$ 205,792	$ 145,881	$ 402,763	$ 78,426	$ 111,025	$ 103,428	$ 292,879	$ 82,020	$ 91,673	$ 24,975	$ 198,667	$ 118,329	$ 63,395	$ 32,681	$ 214,405	$ 1,108,714
2009	$ (17,630)	$ 89,197	$ 58,671	$ 130,238	$ 27,666	$ 43,196	$ 39,419	$ 110,281	$ 14,351	$ 20,306	$ 14,679	$ 49,336	$ 48,573	$ 36,410	$ 8,441	$ 93,424	$ 383,279
2010	$ (8,059)	$ 17,751	$ 10,926	$ 20,618	$ (2,631)	$ 39,294	$ 2,894	$ 39,557	$ 27,588	$ 42,031	$ 9,026	$ 78,645	$ 63,510	$ 35,888	$ 27,580	$ 126,978	$ 265,798
2011	$ (16,892)	$ 25,151	$ 54,206	$ 62,465	$ 46,902	$ 42,420	$ 61,251	$ 150,573	$ 17,012	$ 3,952	$ 29,211	$ 50,175	$ 26,213	$ 88,855	$ 69,345	$ 184,413	$ 447,626
2012	$ 73,318	$ 94,362	$ 119,791	$ 287,471	$ 98,834	$ 106,752	$ 126,673	$ 332,259	$ 113,138	$ 114,479	$ 111,971	$ 339,588	$ 110,687	$ 106,626	$ 83,214	$ 300,527	$ 1,259,845
GOP % (GOP$/Room Revenue) Adjusted GOP %
2002	50.4%	47.1%	43.4%	46.8%	49.6%	46.7%	48.2%	48.2%	41.6%	45.0%	46.8%	44.4%	47.5%	46.0%	34.5%	43.3%	45.8%
2003	50.0%	52.5%	52.8%	51.8%	52.7%	36.8%	47.2%	45.9%	42.1%	46.3%	45.4%	44.6%	54.8%	44.5%	39.3%	47.0%	47.4%
2004	44.1%	49.2%	48.5%	47.3%	47.8%	44.5%	46.5%	46.3%	42.4%	44.8%	45.9%	44.4%	36.9%	49.5%	19.0%	36.2%	43.6%
2005	20.3%	30.2%	0.8%	18.3%	42.8%	23.3%	-16.0%	14.4%	28.8%	7.8%	44.2%	27.8%	31.8%	39.0%	36.0%	35.5%	24.6%
2006	25.5%	22.8%	28.2%	25.5%	35.1%	26.2%	40.6%	34.1%	33.9%	31.8%	41.7%	35.8%	38.4%	40.2%	28.5%	36.2%	32.9%
2007	19.5%	49.8%	27.9%	33.4%	38.4%	27.1%	40.8%	35.6%	30.5%	32.0%	36.2%	32.8%	33.5%	27.7%	25.5%	29.1%	32.8%
2008	15.7%	53.9%	42.0%	38.2%	23.4%	34.6%	34.3%	30.6%	26.6%	27.9%	10.9%	23.0%	44.6%	26.6%	15.6%	30.1%	30.9%
2009	-7.8%	32.5%	23.6%	17.4%	12.5%	19.0%	18.1%	16.5%	6.6%	10.3%	7.6%	8.1%	19.3%	18.8%	4.6%	14.9%	14.4%
2010	-4.7%	8.2%	5.1%	3.4%	-1.5%	18.5%	1.5%	6.7%	12.0%	18.5%	4.1%	11.6%	24.9%	16.1%	14.1%	18.8%	10.5%
2011	-8.4%	11.7%	21.2%	9.3%	20.1%	17.9%	26.0%	21.3%	7.4%	2.2%	14.9%	8.3%	13.2%	34.8%	29.5%	26.8%	16.8%
2012	31.1%	36.3%	39.6%	36.0%	36.6%	36.8%	40.5%	38.1%	38.0%	38.5%	38.6%	38.4%	37.5%	37.4%	32.0%	35.8%	37.1%
Note:	Actual figures through October 31, 2011. Projected figures Thereafter to December 31, 2012 are based on management assumptions and no assurance is provided that actual results will be similar.
	A one-time extraordinary expense of $12,160 is added back to GOP for March 2007. January and February 2011 exclude $24,893 and $25,087, respectively, of one-time expenses related to the upgrade of the property to a Best Western Plus.
	For Internal Use Only. Some figures have been adjusted for comparability purposes.