INTRODUCTION

SALT CREEK HOSPITALITY, LLC was formed in 2009 to pursue investment opportunities in the hospitality industry, and to provide related advisory services, and continues to be active in those areas.

SPONSORSHIP

The Company is one of the business interests of the family of Douglas Geoga, which have included, through various entities, investments in lodging, gaming, student housing, residential substance abuse treatment, and a variety of other commercial real estate and financial interests.

BACKGROUND OF DOUG GEOGA

Following several years of private legal practice, Doug Geoga enjoyed a 23 year relationship with the Pritzker family of Chicago in which he held a variety of hospitality-related positions including president of Global Hyatt Corporation, the holding company formed to consolidate the worldwide operating and real estate businesses of the Hyatt Hotel chain and predecessor to Hyatt Corporation (NYSE:H), and president of the Hospitality Investment Fund LLC, a private equity investment vehicle focused on the hospitality sector.

Since 2006, Mr. Geoga has acted as a principal of Geoga Group, LLC, and as president of Salt Creek Hospitality, LLC, both of which serve as family investment vehicles. Investments made during that period which have been concluded include the following, among others: (a) the acquisition and subsequent disposition of Foundations Recovery Network, an owner and operator of residential and outpatient substance abuse treatment centers, on behalf of an investment group including affiliates of Tao Capital, the family office of Nicholas J. Pritzker; (b) the acquisition and subsequent disposition of Carefree Communities, an owner and operator of recreational vehicle resorts and manufactured housing communities, by an investment group led by Centerbridge Capital Partners; (c) the development and subsequent disposition of a number of student housing projects at a major Midwestern university, with affiliates of Wolf River Development Company; ; and (d) the acquisition from bankruptcy involving affiliates of Centerbridge Capital Partners, Paulson & Co and The Blackstone Group, subsequent IPO, and ultimate privatizing cash sale of the Extended Stay America hotel chain, for which Mr. Geoga served as board chairman. Mr. Geoga also serves as an advisor to, with family affiliates as co-investors in, Atlantica Investment Holdings Limited, which, through affiliated companies, is a leading manager of hotels in Brazil, since its acquisition by an investor group that includes affiliates of Soros Fund Management. Until his retirement from the board in 2019 after almost 20 years, Mr. Geoga served as a director of Kemper Corporation (NYSE:KMPR), a property & casualty and life insurer. Family interests are also investors in various active real estate projects, including the development of multi-family residential units in metropolitan Detroit. . Mr. Geoga was named as one of four Outstanding Directors of 2021 by The Financial Times ODX Outstanding Director Exchange. He has also been active over the years in a number of public service and charitable activities, including the activities of a family charitable foundation.

CONTACT INFORMATION

Please contact Doug Geoga at doug.geoga@saltcreekhospitality.com

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