Copenhagen, Denmark 16,000

• Copenhagen, Denmark 16,000

• Sydney, Australia 15,617

• Palm Beach County, FL 14,833

• Alabama Gulf Coast 14,805

• Charleston, SC 13,366

• Daytona Beach, FL 13,200

2004 2007

• 2004 2007

• GS/OB $258.4M $367.8M

• Foley $316.8M $365.8M

• $575.2M $733.6M ∆ 27.5%

• Pre Ivan

• 12 Hotels 67,105 sq. ft.

• Current

• 6 Hotels 42,709 sq. ft