Investor Presentaiton

4 Future ROI Projects: Orlando Bonnet Creek: Development Rights Hilton Bonnet Creek and Waldorf Astoria Orlando The 1,009-room Hilton and the adjacent 502-room Waldorf Astoria Orlando feature a combined 174,000 sq. ft. of meeting space, a 3- acre Florida-style lazy river pool, a luxurious spa, a renowned championship golf course, fitness center and nearly a dozen dining and lounge options Opportunity: Additional Meeting Space Optimize meeting platform with potential to build 40,000 sq. ft. of additional multi-purpose space $50mn investment expected to generate an additional $10mn of EBITDA per annum starting in 2020 281 ཆ Hilton Bonnet Creek Waldorf Astoria Orlando ANG N PARK HOTELS & RESORTS

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