U.S. Hotel Performance Data - August 2006 Compared To August 2005

Smith Travel Research

Operating Performance - August
	Occupancy Percent			Average Room Rate			RevPAR			Revenue	Supply	Demand
Segment	2006	2005	%Chg	2006	2005	%Chg	2006	2005	%Chg	%Chg	%Chg	%Chg
San Francisco/San Mateo, CA	81.2	82.9	-2.1	134.95	123.86	9.0	109.64	102.72	6.7	7.0	0.2	-1.8
Chicago, IL	75.9	70.2	8.1	119.92	105.27	13.9	90.99	73.91	23.1	22.8	-0.2	7.8
Los Angeles-Long Beach, CA	80.2	81.4	-1.5	117.23	107.06	9.5	94.06	87.18	7.9	7.3	-0.5	-2.0
Atlanta, GA	63.7	62.6	1.8	82.65	75.39	9.6	52.64	47.19	11.5	11.4	-0.1	1.6
Boston, MA	74.3	74.0.	0.4	137.70	125.88	9.4	102.37	93.13	9.9	13.5	3.3	3.7
New York, NY	84.5	83.2	1.6	206.49	185.19	11.5	174.39	154.03	13.2	14.0	0.7	2.3

Operating Performance - August - 12 Month
	Occupancy Percent			Average Room Rate			RevPAR			Revenue	Supply	Demand
Segment	2006	2005	%Chg	2006	2005	%Chg	2006	2005	%Chg	%Chg	%Chg	%Chg
San Francisco/San Mateo, CA	72.5	70.0	3.6	133.31	121.75	9.5	96.67	85.18	13.5	12.6	-0.8	2.8
Chicago, IL	66.5	63.5	4.7	117.37	106.49	10.2	78.06	67.59	15.5	16.1	0.6	5..4
Los Angeles-Long Beach, CA	75.0	73.6	1.9	110.76	101.74	8.9	83.02	74.92	10.8	10.4	-0.4	1.4
Atlanta, GA	67.0	61.2	9.5	83.93	77.04	8.9	56.20	47.16	19.2	19.2	0.0	9.4
Boston, MA	67.2	64.7	3.9	137.94	127.10	8.5	92.67	82.23	12.7	14.1	1.2	5.1
New York, NY	82.4	82.9	-0.6	228.44	199.17	14.7	188.25	165.21	13.9	13.0	-0.9	-1.5

HOTELS