Hotel薛菲Hoel薛菲.docVIP

Hotel Property Monthly Report for General Manager Financial Controller Deputy General Manager Yearly Report on Hilton Hotel in 2011 Hilton Hotel is a self-advised and self-administered Maryland REIT that invests primarily in premium-branded, focused-service and compact full-service hotels. It is one of the largest U.S. publicly-traded lodging REITs in terms of both number of hotels and number of rooms. Hilton Hotels are concentrated inurban and dense suburban markets that they believe exhibit multiple demand generators and high barriers to entry. They believe focused-service and compact full-service hotels with these characteristics generate high levels of RevPAR, strong operating margins and attractive returns. As of December 31, 2011, they through wholly-owned subsidiaries, owned 100% of the interests in140 hotels and a 95% interest in one hotel. There 141 hotels are made up of 20,646 suites and are located in 20 states and the District of Columbia. Hilton Hotels intend to elect and qualify to be taxed as a REIT, for U.S. federal income tax purposes, commencing with the portion of their taxable year ending December 31, 2011. Substantially all of there assets are held by, and all of their operations are conducted through, their operating partnership. They are the sole general partner of their operating partnership. As of December 31, 2011, Hilton Hotels owned through a combination of direct and indirect interests, 99.2% of the OP units in their operating partnership. Significant Investment and Growth Strategies: Their objective is to generate strong returns for their share holders by continuing to invest primarily in premium-branded, focused-service hotels and compact full-service hotels at prices where they believe they can generate attractive returns on investment and generate long-term value appreciation through aggressive asset management. They intend to pursue this objective through the following