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Robert J. Wilson President Panorama Hospitality

Welcome to Panorama Hospitality and thank you for visiting us. We are a leading business in our field, we are dedicated to the hospitality industry and committed to our customers, employees and business partners. Panorama Hospitality commenced business in September 2005 as a hotel asset management, operating and advisory company based in Tokyo. Today, we supervise one of the largest hotel portfolios in Japan as well as a growing collection of outstanding hotels in Europe, Australia and China. We have also expanded our reach with offices in London and Shanghai in addition to Tokyo. We are very fortunate to have one of the world's leading financial institutions, Morgan Stanley, as our parent and a primary client. This provides Panorama Hospitality with unparalleled access to financial, technical and managerial resources on a global basis. Our goal is for Panorama Hospitality to become one of world's leading independent hotel asset management and operating companies. We strive to be the best in our field. We believe that the only way we can achieve this goal is through operating excellence and an unyielding focus on our customers, partners and associates. We are a people orientated company and everyday we salute the enormous talent, efforts and achievements of our associates. We seek experienced, talented and creative individuals to share their skills and grow with us. We strive to be a preferred employer with a strong reputation for human resources management and to be known as innovative and creative. Today Panorama Hospitality currently manages or supervises hotel assets with a value in excess of US$5.5billion. Panorama Hospitality aims to be a preferred business partner of hotel brands, owners and investors by understanding their needs, creating value and demonstrating excellence in all we do. Our hotels represent excellent value and service and many are in outstanding destinations and locations. Robert J. Wilson President Panorama Hospitality

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