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Closing Songs

“Scouring the earth for great deals"

As many of you know, I traditionally assign a closing song to each transaction. Below are the songs from my assignment as Chief Investment Officer for American Hotel Income Properties REIT(AHIP), which included the acquisition of 72 hotels valued in excess of $1Billion. For the many of you who participated in these transactions and for my other friends and colleagues, I thought you would enjoy having this small piece of history - the closing songs, starting in chronological order.

I look forward to working with you again to jump-start acquisitions and dispositions programs, to grow or divest of portfolios, and to add to the list of Closing Songs.

Enjoy, “Housekeeping” “Dispo Dan”

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CLOSING SONG RULES:

1. Must be played by all members of the transaction team.

2. To be played at loud volume to be heard by all in the office.

3. May be changed by Chief Investment Officer to appropriately fit the nature of the negotiations and shenanigans endured during transaction.

4. Must be played at top of hour or next ½ hour following official notice of disbursements.

5. No Exceptions to the rules.

6. Click on link below and sing loudly – this is a celebration!

1. Pittsburgh 4

It's Over - Roy Orbison

2. Virginia 4

The Night They Drove Old Dixie Down - The Band

3. North Carolina/Georgia 4

Another Tricky Day - The Who

4. Pinehurst – North Carolina/Georgia 4

At Last - Etta James

5. Amarillo, TX 3 Pre-Closing Song

Is This The Way to Amarillo

6. Amarillo, TX 3

Hit The Road Jack - Ray Charles

7. Oklahoma 4

Money (That’s What I Want) - The Flying Lizards

8. Carolina/Florida 4

Green Grass and High Tides - Outlaws

9. Midwest 9

I’ve Been Everywhere - Johnny Cash

10. Ocala 3 Pre-Closing (the “Waiting”) Song

Lawyers, Guns and Money - Warren Zevon

11. Ocala 3

Summertime - Billy Stewart

12. Fort Scott, KS

Hotel Song - Jamie Foxx

13. Lincoln, NE

Train Kept a Rollin’ - Aerosmith

14. FL/TN 4

Chattanooga City Limit Sign - Johnny Cash

15. Florida 6

I Feel Good - James Brown

16. Embassy Suites DFW/Tempe

The Long and Winding Road – Paul McCartney and Wings

17. Ohio 3 Embassy Suites

Hang on Sloopy – Ohio State University Marching Band

18. Eastern Seaboard 18

Bargain - The Who

Joshua Clounch