Board of Directors

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HOMEWOOD SUITES, STAFFORD, TEXAS

Board of Directors

Jon A. Fosheim

Lead Independent Director

Mr. Fosheim was the Chief Executive Officer of Oak Hill REIT Management, LLC from 2005 until he retired in 2011. Oak Hill REIT Management, LLC is a hedge fund specializing in REIT investments. From 1985 until 2005, Mr. Fosheim was a Principal and Co-founder of Green Street Advisors, a REIT advisory and consulting firm. Prior to that, Mr. Fosheim worked in institutional sales at Bear Stearns & Co., a global investment bank, and worked in the tax department at Touche Ross and Co. (now Deloitte LLP), an international accounting firm. He currently serves as Lead Independent Director and is a member of the Audit Committee and the Nominating and Corporate Governance Committee of the Board of Directors and has been a member of the Board of Directors since January 2015. Mr. Fosheim attended the University of South Dakota, earning BA, MBA, and JD degrees. Mr. Fosheim currently serves on the board of directors for Colony Northstar, Inc. and serves on the audit committee and is the chair of the governance and nominating committee of such board.