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1616-2 NEW HOTEL - MOTEL PRODUCT MIAMI - DADE COUNTY NEW HOTEL - MOTEL PRODUCT MIAMI- DADE COUNTY Opening Name Rooms Date Value Area Empl Homestead Village Hotel 149 Sep-98 $10,000,000 Airport So Loews Hotel I 825 I Dec-98 $135,000,000 'Miami Beach 950 Fortune House I 160 I Jan-99 !Downtown to Red Roof Inn* I 45 Jan-99 'Airport 31 Coral Sands (Sunterra Resort) I 46 Jan-99 'Miami Beach j 11 Miccosukee Indian Resort I 302 Jan-99 $50,000,000 West Dade "I9'2) Comfort Inn I 182 Feb-99 West Dade 37. Courtyard By Marriott 166 Apr-99 lAventura 10 Bentley Suites 58 Jun-99 'Miami Beach 65 Towneplace Suites By Marriott) 95 Jun-99 'Miami Lakes 10 Candlewood Suites I 128 Aug-99 $11,000,000 'Airport \l Turnberry Isle* -Jasmine Wing I 124 Aug-99 IAventura — Fontainebleau Hilton* L 15 Sep-99 'Miami Beach — Towneplace Suites By Marriott' 95 Sep-99 'Airport Baymont Inn 92 Sep-99 Airport 35 Sovereign House 107 Oct-99 Miami Beach 33 Residence Inn ,Coconut Grove 140 Oct-99 'Coconut Grove 5 0 Summerfield Suites Hotel 156 Oct-99 $15,000,000 'Airport 52. 18 I 2,885 $ 221,000,000 I 1 qy4 Hampton Inn 121 Mar-00 4' West Dade 3n Miami Intercontinental Airport 150 Apr-00 $13,300,000 'Airport Nn Stay Bridge 96 Apr-00 'Airport I South Beach Marriott I 236 Jun-00 $38,000,000 'Miami Beach \4'0 Airport(Blue Hampton Inn & Suites 147 Jun-00 Lagoon) y0 Bentley Beach Hotel 98 Jun-00 'Miami Beach 171_5 Extended Stay America 109 I Jul-00 I West Dade 15 Brickell J.W.Marriott 300 Auq-00 $60,000,000 (Downto -Lk Homewood Suites I 151 Sep-00 I 'Airport ( _5C) Brickell Mandarin Oriental Hotel 329 Nov-00 $100,000,000 _(Downto yob Hampton Inn I 125 I Dec-00 'South Dade Royal Palm Crowne Plaza I 422 Dec-00 I $64,000,000 'Miami Beach 2,30 Ocean Point Hotel 166 Dec-00 I $35,000,000 'Sunny Isles 1 s 13 2,450 1 $ 310,300,000 I n Gt(o) Rilz Carlton,Grand Bay 300 I Mar-01 1 $176,000,000 'Key Biscayne , f Ritz Carlton Grove 120 Apr-01 $107,000,000' 'Coconut Grove 340 Brickell Extended Stay America 107 (Downto Ocean Grande Resort Hotel 362 I Jun-01 $50,000,000 (Sunny Isles 7/5/00 ftp ISClub 324 Jun-01 Miami Beach 1 8`? W Miami- South Beach* 80 Jun-01 Miami Beach t I 'Ritz Carlton, Miami Beach 380 Aug-01 $ 100,000,000 ,Miami Beach 1(0 40 Atlantic Hotel 200 Jan-02 Miami Beach _ Mutiny Park Hotel I 224 I Jan-02 I $65,000,000 Coconut Grove Courtyard By Marriott 120 Mar-02 Dadeland Residence Inn ,Dadeland 80 Mar-02 ,Dadeland !Bnckeil Four Seasons 278 Mar-02 $ 385,000,000 I(Downto 5c{5 Castellita 278 Dec-02 Sunny Isles 13 2,853 5883,000,000 l .7-7-1.,37 Williams Island 117 ,6/31/2003 Aventura ZqZ 1 117 11 Total 45 8,305 51,414,300,000 Pa 5 Indicates new rooms added to existing property. revised:; " Indicates estimate on employees 7/5/00