Ambassador Hotel Wichita, Autograph Collection® The Press Hotel, Autograph Collection

Turnberry Isle Miami, Autograph Collection

Autograph Collection Hotels brings the art of storytelling to life by curating hotels that are rich in character, architecture and untold stories of the past. Created for travelers seeking unique and authentic travel experiences, no two hotels or resorts within this collection are the same. From gilded palaces to modernist icons to exotic escapes, every Autograph Collection hotel is a unique treasure that surprises, inspires and delights, offering the promise of individuality with the assurance of a global brand.

EXACTLY LIKE NOTHING ELSE.®

The Envoy Hotel, Autograph Collection

Grand Bohemian Hotel Charleston, Autograph Collection

Mauna Kea Beach Hotel, Autograph Collection

We have offered franchises for Autograph Collection hotels since November 2009. As of December 31, 2015, there were 55 Autograph Collection hotels open and operating in North America (U.S. and Canada); of these, 52 were franchised. The data above reflects the performance of all 27 franchised Autograph Collection hotels open for 24 months as of December 31, 2015, for which Smith Travel Research, Inc. has data and which did not undergo material renovations or expansions during the 24 months preceding conversion. The hotels are located in the U.S. and Canada. Of the 27 hotels, 14 (51.9%) achieved an average occupancy rate equal to or greater than 77.9%; 10 (37.0%) achieved an average daily room rate equal to or greater than $215.97; 9 (33.3%) achieved an average RevPAR equal to or greater than $168.23; and 14 (51.9%) achieved an average RevPAR Index equal to or greater than 104.9%. There is no assurance you will do as well. OFFER AND SALE BY PROSPECTUS ONLY. See Item 19 of our Franchise Disclosure Document dated March 31, 2016, for additional details.

FRANCHISE HOTEL PERFORMANCE As of December 31, 2015

Occupancy: 77.9%Average Daily Rate: $215.97RevPAR: $168.23RevPar Index: 104.9

TARGET COMPETITORS

Curio by HiltonLeading Hotels of the WorldPreferred HotelsSmall Luxury Hotels

DISTRIBUTION UNITS ROOMS (Q3 2016)

North America Open: 61 13,869North America Pipeline: 45 7,989

Worldwide Open: 105 24,274Worldwide Pipeline: 75 13,086

Metropolitan at The 9, Autograph Collection

A member of Marriott’s industry-leading portfolio, the Autograph Collection debuted in 2010 and includes over 100 independently branded hotels and resorts that reflect the distinct attributes of their market. Each is unique in terms of product offering and target customers. The Autograph Collection is a remarkable group of upper upscale and luxury independent hotels with iconic properties located in gateway and emerging cities in preferred destinations around the world. Each is exceptional, one-of-a-kind and has its own distinct perspective. The result is an array of properties that is nothing less than unique and nothing short of collectively exceptional.

MarriottDevelopment.com