BASELINE HOSPITALITY PROPERTIES FINANCIALS
For the Period Ended April 30, 2010
	JAN	FEB	MAR	1Q Total	APRIL	MAY	JUNE	2Q Total	JULY	AUG	SEPT	3Q Total	OCT	NOV	DEC	4Q Total	Year End

SUITES AVAILABLE
2002	5270	4760	5270	15300	5100	5270	5100	15470	5270	5270	5100	15640	5270	5100	5270	15640	62050
2003	5270	4760	5270	15300	5100	5270	5100	15470	5270	5270	5100	15640	5270	5100	5270	15640	62050
2004	4960	4640	4960	14560	4800	4960	4800	14560	4960	4960	4800	14720	4960	4800	4960	14720	58560
2005	4960	4480	4960	14400	4800	4960	4800	14560	4960	4960	4800	14720	4960	4800	4960	14720	58400
2006	4960	4480	4960	14400	4800	4960	4800	14560	4960	4960	4800	14720	4960	4800	4960	14720	58400
2007	4960	4480	4960	14400	4800	4960	4800	14560	4960	4960	4800	14720	4960	4800	4960	14720	58400
2008	4960	4640	4960	14560	4800	4960	4800	14560	4960	4960	4800	14720	4960	4800	4960	14720	58560
2009	4960	4480	4960	14400	4800	4960	4800	14560	4960	4960	4800	14720	4960	4800	4960	14720	58400
2010	4960	4480	4960	14400	4800	4960	4800	14560	4960	4960	4800	14720	4960	4800	4960	14720	58400
REVENUE SUITES
2002	3340	3400	4385	11125	2507	2999	2751	8257	2705	1889	1798	6392	3334	2761	2490	8585	34359
2003	3275	3455	4182	10912	2716	2643	2363	7722	2752	2384	1949	7085	3183	2525	2516	8224	33943
2004	3525	3704	4350	11579	3200	2720	2597	8517	3033	2559	1997	7589	2847	2850	2647	8344	36029
2005	3646	4002	4595	12243	3123	2788	2553	8464	2621	2586	2216	7423	3102	3365	3136	9603	37733
2006	3509	3588	4658	11755	3636	3053	2596	9285	2963	2759	2522	8244	3336	3214	3221	9771	39055
2007	3964	3812	4767	12543	3530	3116	2539	9185	2902	2602	2647	8151	3736	3322	3270	10328	40207
2008	3637	3834	4604	12075	3135	2797	1968	7900	2440	2301	2343	7084	2811	2515	2628	7954	35013
2009	3473	3190	4082	10745	3296	2446	1918	7660	2318	1975	1839	6132	2839	2435	2056	7330	31867
2010	2485	3143	4192	9820	2805	2405	1885	7095	1995	1920	1955	5870	2505	2175	2069	6749	29534
COMP SUITES
2002	88	81	67	236	91	134	77	302	145	94	139	378	176	148	137	461	1377
2003	97	83	73	253	149	96	84	329	117	116	106	339	219	163	125	507	1428
2004	124	69	69	262	96	75	75	246	190	250	103	543	189	146	199	534	1585
2005	119	0	54	173	134	135	115	384	157	124	147	428	186	229	239	654	1639
2006	31	26	1	58	97	151	38	286	93	127	98	318	98	148	93	339	1001
2007	44	31	11	86	119	92	153	364	139	112	82	333	153	157	166	476	1259
2008	44	45	10	99	177	132	90	399	112	88	79	279	145	185	180	510	1287
2009	78	73	55	206	96	126	80	302	100	75	72	247	142	150	150	442	1197
2010	70	65	58	193	123	50	50	0	50	50	50	150	50	50	50	150	493
OCCUPANCY PERCENT % (Revenue Suites only/Suites Available)
2002	63.4%	71.4%	83.2%	72.7%	49.2%	56.9%	53.9%	53.4%	51.3%	35.8%	35.3%	40.9%	63.3%	54.1%	47.2%	54.9%	55.4%
2003	62.1%	72.6%	79.4%	71.3%	53.3%	50.2%	46.3%	49.9%	52.2%	45.2%	38.2%	45.3%	60.4%	49.5%	47.7%	52.6%	54.7%
2004	71.1%	79.8%	87.7%	79.5%	66.7%	54.8%	54.1%	58.5%	61.1%	51.6%	41.6%	51.6%	57.4%	59.4%	53.4%	56.7%	61.5%
2005	73.5%	89.3%	92.6%	85.0%	65.1%	56.2%	53.2%	58.1%	52.8%	52.1%	46.2%	50.4%	62.5%	70.1%	63.2%	65.2%	64.6%
2006	70.7%	80.1%	93.9%	81.6%	75.8%	61.6%	54.1%	63.8%	59.7%	55.6%	52.5%	56.0%	67.3%	67.0%	64.9%	66.4%	66.9%
2007	79.9%	85.1%	96.1%	87.1%	73.5%	62.8%	52.9%	63.1%	58.5%	52.5%	55.1%	55.4%	75.3%	69.2%	65.9%	70.2%	68.8%
2008	73.3%	82.6%	92.8%	82.9%	65.3%	56.4%	41.0%	54.3%	49.2%	46.4%	48.8%	48.1%	56.7%	52.4%	53.0%	54.0%	59.8%
2009	70.0%	71.2%	82.3%	74.6%	68.7%	49.3%	40.0%	52.6%	46.7%	39.8%	38.3%	41.7%	57.2%	50.7%	41.5%	49.8%	54.6%
2010	50.1%	70.2%	84.5%	68.2%	58.4%	48.5%	39.3%	48.7%	40.2%	38.7%	40.7%	39.9%	50.5%	45.3%	41.7%	45.8%	50.6%
AVERAGE DAILY RATE (Room Revenue/Revenue Suites)
2002	$ 64.73	$ 71.01	$ 78.10	$ 71.92	$ 66.50	$ 58.56	$ 54.74	$ 59.70	$ 52.17	$ 57.41	$ 56.77	$ 55.01	$ 63.87	$ 63.16	$ 61.00	$ 62.81	$ 63.56
2003	$ 65.16	$ 69.23	$ 76.14	$ 70.66	$ 63.62	$ 58.38	$ 53.70	$ 58.79	$ 52.57	$ 53.47	$ 54.89	$ 53.51	$ 61.36	$ 61.23	$ 62.68	$ 61.72	$ 62.21
2004	$ 65.29	$ 69.73	$ 78.38	$ 71.63	$ 65.09	$ 65.83	$ 62.15	$ 64.43	$ 54.16	$ 53.99	$ 60.47	$ 55.77	$ 69.19	$ 67.10	$ 66.48	$ 67.62	$ 65.66
2005	$ 70.13	$ 75.69	$ 85.90	$ 77.86	$ 70.78	$ 62.70	$ 55.83	$ 63.61	$ 56.62	$ 54.95	$ 60.18	$ 57.10	$ 73.05	$ 70.90	$ 66.98	$ 70.31	$ 68.66
2006	$ 76.80	$ 86.11	$ 92.78	$ 85.98	$ 73.32	$ 67.87	$ 60.27	$ 67.88	$ 64.08	$ 60.74	$ 61.72	$ 62.24	$ 74.05	$ 74.70	$ 71.24	$ 73.33	$ 73.50
2007	$ 85.21	$ 92.92	$ 102.64	$ 94.17	$ 81.41	$ 71.44	$ 66.40	$ 73.88	$ 67.37	$ 71.95	$ 68.84	$ 69.31	$ 81.43	$ 76.94	$ 67.56	$ 75.59	$ 79.72
2008	$ 88.52	$ 103.59	$ 106.64	$ 100.21	$ 82.55	$ 71.25	$ 69.09	$ 75.20	$ 66.43	$ 61.16	$ 67.99	$ 65.24	$ 80.33	$ 73.64	$ 68.41	$ 74.27	$ 81.60
2009	$ 67.21	$ 82.31	$ 81.55	$ 77.14	$ 66.51	$ 61.28	$ 55.90	$ 62.18	$ 57.43	$ 55.45	$ 59.65	$ 57.46	$ 72.64	$ 64.16	$ 62.72	$ 67.04	$ 67.43
2010	$ 73.28	$ 71.15	$ 85.10	$ 77.65	$ 68.38	$ 82.08	$ 77.86	$ 75.54	$ 72.22	$ 76.27	$ 73.41	$ 73.94	$ 94.82	$ 82.36	$ 93.20	$ 90.31	$ 79.30
REVENUE PAR (Room Revenue/Suites Available)
2002	$ 41.03	$ 50.72	$ 64.98	$ 52.29	$ 32.69	$ 33.32	$ 29.53	$ 31.86	$ 26.78	$ 20.58	$ 20.01	$ 22.48	$ 40.41	$ 34.19	$ 28.82	$ 34.48	$ 35.20
2003	$ 40.49	$ 50.25	$ 60.42	$ 50.39	$ 33.88	$ 29.28	$ 24.88	$ 29.35	$ 27.45	$ 24.19	$ 20.98	$ 24.24	$ 37.06	$ 30.31	$ 29.92	$ 32.46	$ 34.03
2004	$ 46.40	$ 55.67	$ 68.74	$ 56.96	$ 43.39	$ 36.10	$ 33.63	$ 37.69	$ 33.12	$ 27.86	$ 25.16	$ 28.75	$ 39.72	$ 39.84	$ 35.48	$ 38.33	$ 40.40
2005	$ 51.55	$ 67.62	$ 79.58	$ 66.20	$ 46.05	$ 35.24	$ 29.70	$ 36.98	$ 29.92	$ 28.65	$ 27.78	$ 28.79	$ 45.68	$ 49.71	$ 42.35	$ 45.87	$ 44.36
2006	$ 54.34	$ 68.96	$ 87.13	$ 70.18	$ 55.54	$ 41.78	$ 32.60	$ 43.29	$ 38.28	$ 33.79	$ 32.43	$ 34.86	$ 49.80	$ 50.02	$ 46.26	$ 48.68	$ 49.15
2007	$ 68.10	$ 79.06	$ 98.64	$ 82.03	$ 59.87	$ 44.88	$ 35.12	$ 46.61	$ 39.42	$ 37.75	$ 37.96	$ 38.38	$ 61.34	$ 53.25	$ 44.54	$ 53.04	$ 54.89
2008	$ 64.91	$ 85.60	$ 98.98	$ 83.11	$ 53.91	$ 40.18	$ 28.33	$ 40.80	$ 32.68	$ 28.37	$ 33.19	$ 31.39	$ 45.52	$ 38.58	$ 36.24	$ 40.13	$ 48.79
2009	$ 47.06	$ 58.61	$ 67.12	$ 57.56	$ 45.67	$ 30.22	$ 22.34	$ 32.71	$ 26.84	$ 22.08	$ 22.85	$ 23.94	$ 41.58	$ 32.55	$ 26.00	$ 33.38	$ 36.80
2010	$ 36.72	$ 49.92	$ 71.93	$ 52.95	$ 39.96	$ 39.80	$ 30.58	$ 36.81	$ 29.05	$ 29.52	$ 29.90	$ 29.49	$ 47.89	$ 37.32	$ 38.88	$ 41.41	$ 40.10
ROOM REVENUE
2002	$ 216,205	$ 241,445	$ 342,457	$ 800,107	$ 166,727	$ 175,615	$ 150,582	$ 492,924	$ 141,119	$ 108,440	$ 102,066	$ 351,625	$ 212,936	$ 174,393	$ 151,897	$ 539,226	$ 2,183,882
2003	$ 213,405	$ 239,188	$ 318,399	$ 770,992	$ 172,783	$ 154,297	$ 126,904	$ 453,984	$ 144,663	$ 127,462	$ 106,988	$ 379,113	$ 195,314	$ 154,600	$ 157,692	$ 507,606	$ 2,111,695
2004	$ 230,161	$ 258,288	$ 340,941	$ 829,390	$ 208,294	$ 179,046	$ 161,403	$ 548,743	$ 164,273	$ 138,166	$ 120,767	$ 423,206	$ 196,988	$ 191,248	$ 175,984	$ 564,220	$ 2,365,559
2005	$ 255,682	$ 302,919	$ 394,696	$ 953,297	$ 221,032	$ 174,799	$ 142,537	$ 538,368	$ 148,398	$ 142,100	$ 133,354	$ 423,852	$ 226,595	$ 238,586	$ 210,036	$ 675,217	$ 2,590,734
2006	$ 269,507	$ 308,961	$ 432,175	$ 1,010,643	$ 266,577	$ 207,204	$ 156,466	$ 630,247	$ 189,860	$ 167,583	$ 155,658	$ 513,101	$ 247,018	$ 240,084	$ 229,451	$ 716,553	$ 2,870,544
2007	$ 337,755	$ 354,202	$ 489,263	$ 1,181,220	$ 287,392	$ 222,609	$ 168,586	$ 678,587	$ 195,521	$ 187,223	$ 182,223	$ 564,967	$ 304,226	$ 255,586	$ 220,917	$ 780,729	$ 3,205,503
2008	$ 321,948	$ 397,175	$ 490,948	$ 1,210,071	$ 258,781	$ 199,293	$ 135,968	$ 594,042	$ 162,098	$ 140,731	$ 159,296	$ 462,125	$ 225,797	$ 185,201	$ 179,775	$ 590,773	$ 2,857,011
2009	$ 233,432	$ 262,557	$ 332,904	$ 828,893	$ 219,218	$ 149,881	$ 107,208	$ 476,307	$ 133,114	$ 109,515	$ 109,695	$ 352,324	$ 206,233	$ 156,230	$ 128,960	$ 491,423	$ 2,148,947
2010	$ 182,110	$ 223,632	$ 356,756	$ 762,498	$ 191,811	$ 197,409	$ 146,760	$ 535,980	$ 144,075	$ 146,440	$ 143,525	$ 434,040	$ 237,536	$ 179,133	$ 192,835	$ 609,504	$ 2,342,022
GOP DOLLARS
2002	$ 91,321	$ 117,576	$ 190,019	$ 398,916	$ 60,021	$ 45,886	$ 41,351	$ 147,258	$ 7,571	$ (5,477)	$ (1,258)	$ 836	$ 70,802	$ 57,730	$ 24,117	$ 152,649	$ 699,659
2003	$ 86,180	$ 115,450	$ 168,999	$ 370,629	$ 44,517	$ 31,417	$ 15,551	$ 91,485	$ 42,698	$ 19,073	$ (3,365)	$ 58,406	$ 90,930	$ 22,903	$ 33,008	$ 146,841	$ 667,361
2004	$ 78,676	$ 132,956	$ 184,935	$ 396,567	$ 72,359	$ 52,836	$ 35,182	$ 160,377	$ 46,533	$ 18,399	$ 890	$ 65,822	$ 72,504	$ 56,963	$ 35,309	$ 164,776	$ 787,542
2005	$ 93,864	$ 106,423	$ 203,881	$ 404,168	$ 44,387	$ 25,618	$ (15,658)	$ 54,347	$ (14,126)	$ (5,147)	$ 3,390	$ (15,883)	$ 69,001	$ 92,018	$ 47,460	$ 208,479	$ 651,111
2006	$ 100,129	$ 139,484	$ 235,710	$ 475,323	$ 115,827	$ 49,276	$ 20,596	$ 185,699	$ 29,340	$ 28,891	$ 18,265	$ 76,496	$ 72,729	$ 90,296	$ 94,684	$ 257,709	$ 995,227
2007	$ 175,836	$ 183,535	$ 304,820	$ 664,191	$ 101,475	$ 62,148	$ 15,833	$ 179,456	$ 51,108	$ 9,965	$ 39,871	$ 100,944	$ 119,407	$ 103,643	$ 90,975	$ 314,025	$ 1,258,616
2008	$ 130,681	$ 222,757	$ 287,114	$ 640,552	$ 89,154	$ 34,768	$ (11,219)	$ 112,703	$ 15,063	$ (252)	$ 2,530	$ 17,341	$ 45,783	$ 52,140	$ (11,896)	$ 86,027	$ 856,623
2009	$ 55,547	$ 99,077	$ 147,141	$ 301,765	$ 50,904	$ 7,828	$ (21,757)	$ 36,975	$ (13,625)	$ (13,627)	$ (16,587)	$ (43,839)	$ 77,585	$ (32,097)	$ 2,895	$ 48,383	$ 343,284
2010	$ 40,545	$ 80,569	$ 169,330	$ 290,444	$ 59,239	$ 54,324	$ 19,760	$ 133,323	$ 7,453	$ 19,765	$ 17,477	$ 44,695	$ 101,134	$ 43,031	$ 57,107	$ 201,272	$ 669,734
GOP % (GOP$/Room Revenue) Adjusted GOP %
2002	42.2%	48.7%	55.5%	49.9%	36.0%	26.1%	27.5%	29.9%	5.4%	-5.1%	-1.2%	0.2%	33.3%	33.1%	15.9%	28.3%	32.0%
2003	40.4%	48.3%	53.1%	48.1%	25.8%	20.4%	12.3%	20.2%	29.5%	15.0%	-3.1%	15.4%	46.6%	14.8%	20.9%	28.9%	31.6%
2004	34.2%	51.5%	54.2%	47.8%	34.7%	29.5%	21.8%	29.2%	28.3%	13.3%	0.7%	15.6%	36.8%	29.8%	20.1%	29.2%	33.3%
2005	36.7%	35.1%	51.7%	42.4%	20.1%	14.7%	-11.0%	10.1%	-9.5%	-3.6%	2.5%	-3.7%	30.5%	38.6%	22.6%	30.9%	25.1%
2006	37.2%	45.1%	54.5%	47.0%	43.4%	23.8%	13.2%	29.5%	15.5%	17.2%	11.7%	14.9%	29.4%	37.6%	41.3%	36.0%	34.7%
2007	52.1%	51.8%	62.3%	56.2%	35.3%	27.9%	9.4%	26.4%	26.1%	5.3%	21.9%	17.9%	39.2%	40.6%	41.2%	40.2%	39.3%
2008	40.6%	56.1%	58.5%	52.9%	34.5%	17.4%	-8.3%	19.0%	9.3%	-0.2%	1.6%	3.8%	20.3%	28.2%	-6.6%	14.6%	30.0%
2009	23.8%	37.7%	44.2%	36.4%	23.2%	5.2%	-20.3%	7.8%	-10.2%	-12.4%	-15.1%	-12.4%	37.6%	-20.5%	2.2%	9.8%	16.0%
2010	22.3%	36.0%	47.5%	38.1%	30.9%	27.5%	13.5%	24.9%	5.2%	13.5%	12.2%	10.3%	42.6%	24.0%	29.6%	33.0%	28.6%
Note:	Actual figures through April 30 2010. Budget figures through December 2010.
	A one-time write off of $21,300 is added back to May 2007
	For Internal Use Only. Some figures have been adjusted for comparability purposes.