1. Parsippany, NJ Courtyard Lobby / Rooms PRE CONSTRUCTION MEETING 10.18.13

2. PARSIPPANY PROJECT TEAM PROJECT MANAGER MARRIOTT A&C (DON NAGL) PURCHASING AGENT MARRIOTT PROCUREMENT (MELISSA LOMAX) ARCHITECT/DESIGN BASKERVILL (ANDREW HARTMAN) GENERAL CONTRACTOR HARRIS CONSTRUCTION (JEAN LACERTE) PM (BRENT KORNEGAY) SS (MIRANDA KAMMERLOHR) PC (JAKE HARRIS) GENERAL HOTEL OWNER LIGHTSTONE GROUP (MARC DOEBER) OPERATOR GENERAL MANAGER (JON KOZMA) GM (LEAH WINCHELL) AGM (RICHARD FOX) DOE PROJECT TEAM

3. PROJECT CHARTER AREA OF WORK: GUESTROOMS ROOMS, CORRIDORS, ELEVATORS, STAIRWELLS PUBLIC AREAS LOBBY, LOUNGE, RESTAURANT, FITNESS, POOL, MEETING, EXTERIOR (Gazebo) STATEMENT OF WORK MINOR RENOVATION OF OPERABLE HOTEL WITH ADDITION OF KEY BRAND ELEMENTS. EXPECTED DURATION: 12 WEEKS (10/28 – 1/18)

4. DEFINE SUCCESS NOTE: ASSUMING QUALITY STANDARD IS MET/EXCEEDED HOTEL OWNER - MAXIMIZE ROI HOTEL OPERATOR - MINIMIZE IMPACT PROJECT MANAGER - MINIMAL DEVIATION FROM PLAN CONTRACTOR - SUSTAINABLE PROFIT w/REPEAT BUSINESS

5. COMMUNICATION PLAN PROJECT WEBSITE www.harriscco.com/marriott/parsippany PROJECT STATUS REPORT WEEKLY MEETINGS VIA CONFERENCE CALL (866.906.9888 / CODE – 3519607# DATE & TIME – TBD AT PRECON MTG MEETING MINUTES ISSUED WITHIN 24 HOURS OF CALL DAILY FLASH REPORT ISSUED BRIEF ON DAYS EVENTS (FOCUS ON OPERATIONAL/GUEST IMPACT)

6. RISK ANALYSIS Likelihood / Impact – out of 10 BUDGET EXISTING CONDITIONS - 2/2 SCHEDULE MUNICIPAL COOPERATION – 6/7 UNION – 3/5 MATERIAL AVAILABILITY – 2/5 QUALITY CONSTANT – NO RISK

7. LOGISTICAL PLAN BLUE = FLOORS 1-3 GREEN = LOBBY RED = 1 ST FL South

8. DISCUSSION POINTS RELO FITNESS EQUIPMENT CONSTRUCTION SIGNAGE PARTITION DECORATION AUTHORIZATION FOR SCOPE CHANGES HOTEL OPERATIONS / ACCESS LAUNDRY FOOD SERVICE KITCHEN USE FRONT DESK OPERATIONS TRASH SERVICE PRODUCT DELIVERIES