Lodging Portfolio GLYPH<T_h> e fundamentals of our lodging assets have steadily improved year-over-year, and we see further upside  as the sector continues to bene fi t from a strengthening global economy. Last year we acquired 14 luxury,  upper-upscale and urban upscale properties in top-25 markets, including: As of year-end 2013, these acquisitions brought a total of 3,303 rooms to our premium lodging portfolio.  In addition, we are o ff  to a great start in 2014 with our recently announced acquisition of the Aston  Waikiki Beach Hotel in Honolulu, HI, which further diversi fi es our portfolio and gives us a foothold in  one of the top-performing hotel markets in the country. Going forward, we believe we are well-positioned  to capture high-value demand in lodging and further capitalize on upward trends in the market. 8 | Inland American 2013 Annual Report Lodging Portfolio by Property Type by Number of Rooms Lodging Portfolio by Brand Comparison: 2012 – 2013 (by Number of Rooms) Portfolio RevPAR • Kimpton’s Hotel Monaco collection for $189 million;  •  GLYPH<T_h> e Hyatt Key West Resort and Spa for $76 million;  e Hyatt Regency Santa Clara for $93 million;  •  GLYPH<T_h> e Loews New Orleans Hotel for $74.5 million; and  • Two Westin hotels in Houston’s Galleria District for $220 million.  $160 $120 $80 $40 $0 2011 $90 $125 2013 $105 $143 2012 $133 $96 RevPAR Average Daily Rate Upper Upscale & Luxury Upscale Upper Midscale 2012 40% 54% 6% 2013 46% 4% 50% 2012  Marriott Hilton Hyatt Others 2013  Marriott Hilton Hyatt Starwood Kimpton Fairmont Others 61% 5% 7% 27% 53% 23% 10% 5% 4% 3% 2%