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Confidential

    Hotels

       The hotel and lodging industry is a bedrock of the American economy and drives economic
       growth and development across the country.

    55%  Hotels Size             Hotels per state

         •	 Under 75 rooms, 55%  •	 California - 12.5K
         •	 75-149 rooms, 33.5%  •	 Florida - 9.5K
         •	 150-299 rooms, 8.3%  •	 Texas - 8.5K
         •	 300-500 rooms, 2.2%  •	 New York - 5k

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