About KWB Hotel Partners

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We have been building, buying, owning and operating premiumbranded, focused-service hotels for nearly 40 years— and we are REALLY good at it. —KERRY W. BOEKELHEIDE, PRESIDENT WHO WE ARE Kerry W. Boekelheide is the KWB of KWB Hotel Partners, LLC and this company is the latest chapter in Kerry’s long history of success in the hospitality industry. Tapping into nearly 40 years of experience, KWB builds, buys, owns and operates premium-branded focused service and extended stay hotel properties. Our goal is to build a diversified portfolio of best-in-class hotels across the United States and we work toward this goal side-by-side with our investors. KWB offers unique hotel property investment opportunities focused on capital preservation, capital appreciation and attractive cash-on-cash returns. Our strategy of developing, acquiring, owning and operating a diversified, premium branded portfolio of hotels while maintaining a disciplined, conservative capital structure has proven to be successful for nearly four decades. 02 | KWB
PROVEN & EXPERIENCED MANAGEMENT STRONG INDUSTRY TIES & AN EXTENSIVE NETWORK OF INDUSTRY RELATIONSHIPS KERRY W. BOEKELHEIDE PRESIDENT, MANAGING MEMBER Mr. Boekelheide is President of KWB Hotel Partners, LLC. Mr. Boekelheide has over 39 years of experience owning, operating, managing, acquiring, building and selling hotels. From 1991 through 2011, Mr. Boekelheide was an owner and President of The Summit Group, Inc. (“SGI”). SGI was the managing member of Summit Hotel Properties, LLC (“SHP, LLC”). SGI, SHP, LLC and their affiliates developed and acquired 94 hotels from 1991 through 2010, 28 of which were sold. SGI managed and operated all of the hotels during this time period. In 2011, SHP, LLC merged with Summit Hotel Properties, Inc. (“SHP, Inc.”) which filed its initial public offering (IPO) on February 8, 2011. Mr. Boekelheide served as the Executive Chairman of the Board of Directors for SHP, Inc. (NYSE: INN) from the IPO through July 30, 2015, when he retired from that position. Prior to forming SGI, Mr. Boekelheide was the President and CEO, as well as a significant shareholder, of Super 8 Management, Inc., which was responsible for the management of over 100 Super 8 Motels located across the United States and Canada. In addition, he held numerous other positions in various companies that developed, owned and operated Super 8 Motels in the United States and Canada. CAREER HIGHLIGHTS • KWB, LLC/KWB Hotel Partners, LLC (2014 – Present) ° Principal and President • Summit Hotel Properties, Inc. (2011- 2015 ° Executive Chairman of the Board • The Summit Group, Inc. (1990-2011) ° Founder, Director, President (1990-2006 ° Chairman (2006-2011) • Summit Hotel Properties, LLC (2004-2011) ° Member of board of managers • Summit Green Tiger Investments, LLC (2007 – 2015) ° Manager, CEO and President; developed and sold a Biofuel plant; acquired various apartment complexes • Summit Capital Partners, LLC (2003 – 2015) ° Sole shareholder of broker/dealer company used to raise capital; raised $200M and maintained a private investor base of over 1,000 • Super 8 Management, Inc., Shareholder ° President and CEO; responsible for the pre-opening, opening and operating of over 100 Super 8 Motels in the United States and Canada (1980-1988) ° President and CEO of Super 8 Motels of Canada (1988-1990 ° President and CEO of Super 8 Motel Williams Lake, BC Canada (1990-2003) • Boekelheide-Rivett Developers, Inc. (1983-1988) ° Partner; responsible for site selection, financing and supervising the development of eight Super 8 motels • Super 8 Motels Inc. (1980-1984) ° Corporate Pilot, as a Certified Commercial Pilot and Flight Instructor responsible for providing air transportation services for Super 8 ownership and executive team KWB | 03
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