Majid Mangalji is Founder and President of the Westmont Group, which started its hospitality business approximately 30 years ago. Mr. Mangalji has been involved in all aspects of the development of the Westmont Group. During this period it has grown from a single hotel to become one of the largest private hotel owner/operators in the world with a significant presence in North America, Europe, and Asia. As the head of this global hotel group, Mr. Mangalji has developed an extensive knowledge of international hospitality markets, investing and operating in these markets and has created strong relationships with major international hotel brands, leading financial institutions, and investment funds. Mr. Mangalji sits on the boards of the principal hospitality companies in which the Westmont Group invests. He holds a business degree with a double major in Accounting and Marketing from the University of Bradford, England.

Mr. Mangalji is a nominee of the Westmont Group. He is the Chairman of the Board of Trustees and a member of the REIT's Investment Committee.

Frank Anderson, FCA is currently a Deputy Chairman and member of the Board of Dundee Wealth Management Inc. and was a senior partner in a major accounting firm until his retirement in 1999. He specialized in the retail, consumer products, real estate and advertising industries. Mr. Anderson was Executive Vice-President of Hy & Zel’s, a discount drug store chain, from July 2002 until January 2003 and, until February 2007, the President of LIN Solutions Inc., a consulting company. Mr. Anderson is a member of the Boards of Directors of Bridgepoint Health Foundation, the Canadian Council of Christians and Jews, the University of Toronto Press and is the Founding Chairman of Cornerstone 52 Foundation, a charitable organization dedicated to funding children’s charities. He is the immediate Past Chair of the Heart and Stroke Foundation of Ontario. He also serves as a member of the Board of IPICO Inc. and was previously a member of the Boards and Chair of the Audit Committees of O. & Y. REIT and Counsel Corporation. Mr. Anderson obtained an undergraduate degree in Economics from the University of Glasgow, his C.A. designation from the Institute of Chartered Accountants of Scotland and was elected a Fellow of the Institute of Chartered Accountants of Ontario in 1997.

Mr. Anderson is an independent Trustee and is a member of the Investment and Audit Committees of the REIT.

Morton Gross, Q.C. is a senior partner in the Toronto office of the law firm of Borden Ladner Gervais LLP, where he practises in the areas of commercial and real estate law, including in the area of hotels and hospitality. Mr. Gross is the Chair of his firm's National Real Estate Professional Group. Prior to joining Borden Ladner Gervais LLP in 1982, he specialized in real estate law at his own firm. Mr. Gross holds a Bachelor of Laws degree from the University of Toronto and was called to the Ontario Bar in 1967.

Mr. Gross is an independent Trustee and is a member of the REIT's Investment and Compensation and Corporate Governance Committees.

Michael P. Kitt is the owner of a private consulting company that is primarily focused on commercial real estate investing. Prior to October 31, 2006 he was the Executive Vice-President, Development for The Cadillac Fairview Corporation Limited, which invests in, owns and manages commercial real estate. Mr. Kitt was responsible for Cadillac Fairview's office and retail development programs. Prior to joining Cadillac Fairview in 1996, he was Portfolio Manager, Real Estate for the Ontario Teachers' Pension Plan Board. He holds an undergraduate degree from the University of Manitoba and is a Chartered Financial Analyst.

Mr. Kitt is an independent Trustee and is a member of the REIT's Investment, Audit and Compensation and Corporate Governance Committees.

Minhas N. Mohamed is President, Chief Executive Officer and Co-Founder of MMV Financial Inc. Mr. Mohamed was the Managing Partner of MM Venture Partners (predecessor firm). As President & CEO, Mr. Mohamed has overall management and strategic responsibility for MMV Financial. He has over 20 years of experience in the financing of technology and emerging growth companies, both in Canada and internationally. Prior to founding MM Venture Partners in August 1998, Mr. Mohamed spent 10 years as a senior partner and shareholder of Quorum Funding Corporation, one of Canada's leading dedicated emerging technology funds. He has been a director of many public companies, including Promis Systems and Quorum Funding Corporation. Mr. Mohamed is a founding member and former Chairman of the Toronto Venture Group. He is also a member of the Association of Venture Capital Corporations. Mr. Mohamed is a graduate of the University of Western Ontario and is a Chartered Accountant and a Chartered Financial Analyst.

Mr. Mohamed is an independent Trustee and is a member of the REIT's Investment, Audit and Compensation and Corporate Governance Committees.

Fereed Mangalji is an Executive Director of Westmont Hospitality Group, where his responsibilities include overseeing the company's U.S. and Canadian portfolios as well as structuring Westmont's major transactions. Mr. Mangalji has extensive knowledge and experience in both the real estate and hospitality industries. He has been with Westmont for 10 years. Prior to joining Westmont, he worked in the real estate services group at Bankers Trust in New York. Mr. Mangalji holds a BA in Economics from Harvard University.

Mr. Mangalji is a nominee of the Westmont Group and a member of the REIT's investment Committee.