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Mr. Baltimore is Co-Founder and President of RLJ Development LLC (RLJ) and has direct day-to-day responsibility for all of the Company's activities. RLJ is a privately-held real estate investment company founded and led by Robert L. Johnson and Thomas J. Baltimore Jr. RLJ and its affiliates including two private equity funds (the RLJ Urban Lodging Fund and the RLJ Lodging Fund II) have in excess of one billion dollars in equity under management and currently own 116 hotels in major markets in North America valued at approximately $2.5 billion. Mr. Baltimore is a seasoned and experienced hospitality executive. Prior to launching RLJ he was with Hilton Hotels Corporation as a Vice President Development and Finance (1999 to 2000) and a Vice President Gaming Development (1997 to 1998). From 1994 to 1996 Mr. Baltimore was Vice President Business Development for Host Marriott Services (a spinoff entity from Host Marriott Corporation). Mr. Baltimore also worked for Marriott Corporation from 1988 to 1989 and from 1991 to 1993 holding various positions in the company including Senior Director and Manager. Prior to his employment with Marriott Mr. Baltimore was a staff auditor for Price Waterhouse. Mr. Baltimore earned a B.S. degree from the McIntire School of Commerce at the University of Virginia in 1985 and an M.B.A. from the Colgate Darden Graduate School of Business Administration at the University of Virginia in 1991. He serves on the Urban Land Institute's Hotel Development Council and the Hilton Hotel Corporation's Owner's Advisory Board and was recently elected to the Marriott Inns National Association Board. Mr. Baltimore was a recipient of the 1997 Baume & Mercier/Forbes magazine award recognizing "Ten Rising Business Stars of Our Time." | 