1. “Australia Properties” refer to Novotel Melbourne on Collins, Novotel Sydney Darling Square, Sofitel Sydney Wentworth and Fraser Suites Sydney.
  2. “UK Properties” refer to ibis Styles London Gloucester Road, Park International London, Fraser Place Canary Wharf London, Fraser Suites Edinburgh, Fraser Suites Glasgow and Fraser Suites Queens Gate London.
  3. FH-BT is the master lessee of “Novotel Melbourne on Collins” under the Melbourne Master Lease Agreement.

Trust structure