We are pleased to have assisted Stonehill Strategic Capital in the addition of Mr. Alan Tallis to their Board of Advisors, Debt Fund II. Mr. Alan L. Tallis is also an Independent Director of Ashford, serving as the chairman of the AHT compensation committee and as a member of the audit, acquisitions, and related party/conflicts committees. Mr. Tallis is currently principal of Alan L. Tallis & Associates, a consulting firm principally engaged in serving the lodging industry. He is also Founding Director of Cruise Inns, LLC, a membership organization providing brand and marketing to the recreational park industry. From March 2008 through February 2011, Mr. Tallis served as Executive Vice President, Asset Management for Ashford Hospitality Trust, and from February 2011 through January 2012, Mr. Tallis served as a consultant to Ashford. From June 2006 to May 2007, Mr. Tallis served as a senior advisor to Blackstone Real Estate Advisors following its acquisition of La Quinta Corporation. From July 2000 until May 2006, Mr. Tallis served in various positions with La Quinta Corporation, most recently serving as President and Chief Development Officer of LQ Management LLC and President of La Quinta Franchising LLC. Prior to joining La Quinta Corporation, Mr. Tallis held various positions with Red Roof Inns, including serving as Executive Vice President—Development and General Counsel from 1994 to 1999.