YUMA BEST WESTERN FINANCIALS
For the Period Ended September, 2012
	JAN	FEB	MAR	1Q Total	APRIL	MAY	JUNE	2Q Total	JULY	AUG	SEPT	3Q Total	OCT	NOV	DEC	4Q Total	Year End
SUITES AVAILABLE
2002	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2003	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2004	5146	4814	5146	15106	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60756
2005	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2006	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2007	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2008	5146	4814	5146	15106	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60756
2009	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2010	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2011	5146	4648	5146	14940	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60590
2012	5146	4814	5146	15106	4980	5146	4980	15106	5146	5146	4980	15272	5146	4980	5146	15272	60756
REVENUE SUITES
2002	3757	3655	3966	11378	2965	3608	3992	10565	4314	4588	3494	12396	3490	3508	3239	10237	44576
2003	3873	3966	3639	11478	2899	3114	2600	8613	2634	3405	4169	10208	4204	3992	2992	11188	41487
2004	4559	4506	4755	13820	4310	3880	3719	11909	3984	4314	4475	12773	4715	4346	3601	12662	51164
2005	4243	4269	4693	13205	4368	4267	3746	12381	3434	4033	4096	11563	4588	4302	3816	12706	49855
2006	4635	4428	4566	13629	4350	3433	3531	11314	3529	3553	4493	11575	4486	3992	3458	11936	48454
2007	4340	4409	4698	13447	4514	4092	4348	12954	3892	4248	4528	12668	4764	4041	2949	11754	50823
2008	4214	4466	4324	13004	4344	3778	3672	11794	2951	2918	2988	8857	3639	4101	3387	11127	44782
2009	4621	4407	4888	13916	4032	3414	3328	10774	3260	3247	2264	8771	3398	3850	2535	9783	43244
2010	3177	3296	3403	9876	2554	2736	1731	7021	2088	2644	2139	6871	2575	2592	3185	8352	32120
2011	3669	3669	4034	11372	3253	2948	4118	10319	3542	4161	2460	10163	3392	3276	3421	10089	41943
2012	4330	4382	4795	13507	4367	3215	2806	10388	2269	2658	3389	8316	3400	3250	3100	9750	41961
OCCUPANCY PERCENT %  (Revenue Suites only/Suites Available)
2002	73.0%	78.6%	77.1%	76.2%	59.5%	70.1%	80.2%	69.9%	83.8%	89.2%	70.2%	81.2%	67.8%	70.4%	62.9%	67.0%	73.6%
2003	75.3%	85.3%	70.7%	76.8%	58.2%	60.5%	52.2%	57.0%	51.2%	66.2%	83.7%	66.8%	81.7%	80.2%	58.1%	73.3%	68.5%
2004	88.6%	93.6%	92.4%	91.5%	86.5%	75.4%	74.7%	78.8%	77.4%	83.8%	89.9%	83.6%	91.6%	87.3%	70.0%	82.9%	84.2%
2005	82.5%	91.8%	91.2%	88.4%	87.7%	82.9%	75.2%	82.0%	66.7%	78.4%	82.2%	75.7%	89.2%	86.4%	74.2%	83.2%	82.3%
2006	90.1%	95.3%	88.7%	91.2%	87.3%	66.7%	70.9%	74.9%	68.6%	69.0%	90.2%	75.8%	87.2%	80.2%	67.2%	78.2%	80.0%
2007	84.3%	94.9%	91.3%	90.0%	90.6%	79.5%	87.3%	85.8%	75.6%	82.5%	90.9%	82.9%	92.6%	81.1%	57.3%	77.0%	83.9%
2008	81.9%	92.8%	84.0%	86.1%	87.2%	73.4%	73.7%	78.1%	57.3%	56.7%	60.0%	58.0%	70.7%	82.3%	65.8%	72.9%	73.7%
2009	89.8%	94.8%	95.0%	93.1%	81.0%	66.3%	66.8%	71.3%	63.4%	63.1%	45.5%	57.4%	66.0%	77.3%	49.3%	64.1%	71.4%
2010	61.7%	70.9%	66.1%	66.1%	51.3%	53.2%	34.8%	46.5%	40.6%	51.4%	43.0%	45.0%	50.0%	52.0%	61.9%	54.7%	53.0%
2011	71.3%	78.9%	78.4%	76.1%	65.3%	57.3%	82.7%	68.3%	68.8%	80.9%	49.4%	66.5%	65.9%	65.8%	66.5%	66.1%	69.2%
2012	84.1%	91.0%	93.2%	89.4%	87.7%	62.5%	56.3%	68.8%	44.1%	51.7%	68.1%	54.5%	66.1%	65.3%	60.2%	63.8%	69.1%
AVERAGE DAILY RATE (Room Revenue/Revenue Suites)
2002	$       68.11	$       74.73	$        74.28	$          72.38	$        67.57	$           64.04	$         60.51	$         63.69	$         58.78	$      61.17	$      57.98	$      59.44	$      65.93	$      65.88	$        66.22	$        66.01	$         65.26
2003	$       64.68	$       68.86	$        69.14	$          67.54	$        64.29	$           57.35	$         55.33	$         59.07	$         56.16	$      59.09	$      63.28	$      60.05	$      63.00	$      67.68	$        67.55	$        65.89	$         63.49
2004	$       71.40	$       77.70	$        76.43	$          75.18	$        69.41	$           65.64	$         63.63	$         66.38	$         61.87	$      62.51	$      58.95	$      61.06	$      59.41	$      62.62	$        63.39	$        61.64	$         66.26
2005	$       73.64	$       82.73	$        80.43	$          78.99	$        71.11	$           67.77	$         67.15	$         68.76	$         65.64	$      67.94	$      66.11	$      66.61	$      66.65	$      69.69	$        71.86	$        69.24	$         71.09
2006	$       73.59	$       77.39	$        78.55	$          76.49	$        73.29	$           69.01	$         67.77	$         70.27	$         68.57	$      67.47	$      70.87	$      69.12	$      70.37	$      75.14	$        80.12	$        74.79	$         72.86
2007	$       83.25	$       87.50	$        84.31	$          85.01	$        80.79	$           74.65	$         68.82	$         74.83	$         68.10	$      68.74	$      73.57	$      70.27	$      71.22	$      80.21	$        92.47	$        79.64	$         77.50
2008	$       86.92	$       88.74	$        87.79	$          87.83	$        78.81	$           78.53	$         76.86	$         78.11	$         75.38	$      77.91	$      80.24	$      77.85	$      79.47	$      79.08	$        76.50	$        78.42	$         80.96
2009	$       76.72	$       80.32	$        77.85	$          78.26	$        72.72	$           71.48	$         71.06	$         71.82	$         72.47	$      73.76	$      76.08	$      73.88	$      77.08	$      63.49	$        70.11	$        69.93	$         73.88
2010	$       77.99	$       82.34	$        83.53	$          81.35	$        76.03	$           73.53	$         72.19	$         74.11	$         65.38	$      69.17	$      69.12	$      68.00	$      72.82	$      74.87	$        71.19	$        72.83	$         74.70
2011	$       68.14	$       71.57	$        78.83	$          73.04	$        78.05	$           77.33	$         75.61	$         76.87	$         75.49	$      76.50	$      76.31	$      76.10	$      75.05	$      76.67	$        73.25	$        74.96	$         75.19
2012	$       78.17	$       79.68	$        75.67	$          77.77	$        73.93	$           72.37	$         68.34	$         71.94	$         64.54	$      65.43	$      67.57	$      66.06	$      74.41	$      73.54	$        76.61	$        74.82	$         73.32
REVENUE PAR  (Room Revenue/Suites Available)
2002	$       49.72	$       58.76	$        57.25	$          55.13	$        40.23	$           44.90	$         48.50	$         44.55	$         49.28	$      54.54	$      40.68	$      48.25	$      44.71	$      46.41	$        41.68	$        44.24	$         48.01
2003	$       48.68	$       58.75	$        48.89	$          51.89	$        37.43	$           34.70	$         28.89	$         33.68	$         28.75	$      39.10	$      52.98	$      40.14	$      51.47	$      54.25	$        39.27	$        48.27	$         43.47
2004	$       63.26	$       72.73	$        70.62	$          68.78	$        60.07	$           49.49	$         47.52	$         52.33	$         47.90	$      52.40	$      52.98	$      51.07	$      54.43	$      54.65	$        44.36	$        51.11	$         55.80
2005	$       60.72	$       75.98	$        73.35	$          69.82	$        62.37	$           56.19	$         50.51	$         56.36	$         43.80	$      53.24	$      54.38	$      50.43	$      59.42	$      60.20	$        53.29	$        57.61	$         58.50
2006	$       66.29	$       73.72	$        69.69	$          69.77	$        64.02	$           46.04	$         48.05	$         52.63	$         47.02	$      46.58	$      63.94	$      52.39	$      61.35	$      60.24	$        53.84	$        58.45	$         58.26
2007	$       70.21	$       83.00	$        76.97	$          76.52	$        73.23	$           59.36	$         60.08	$         64.17	$         51.50	$      56.75	$      66.89	$      58.29	$      65.94	$      65.08	$        52.99	$        61.30	$         65.01
2008	$       71.18	$       82.32	$        73.77	$          75.61	$        68.74	$           57.66	$         56.67	$         60.99	$         43.23	$      44.18	$      48.14	$      45.15	$      56.20	$      65.12	$        50.35	$        57.14	$         59.67
2009	$       68.89	$       76.16	$        73.95	$          72.90	$        58.88	$           47.42	$         47.49	$         51.22	$         45.91	$      46.54	$      34.59	$      42.43	$      50.90	$      49.09	$        34.54	$        44.79	$         52.73
2010	$       48.15	$       58.39	$        55.24	$          53.78	$        38.99	$           39.09	$         25.09	$         34.44	$         26.53	$      35.54	$      29.69	$      30.60	$      36.44	$      38.97	$        44.06	$        39.83	$         39.60
2011	$       48.58	$       56.50	$        61.79	$          55.60	$        50.98	$           44.30	$         62.52	$         52.51	$         51.96	$      61.86	$      37.70	$      50.64	$      49.47	$      50.44	$        48.69	$        49.52	$         52.05
2012	$       65.77	$       72.53	$        70.51	$          69.54	$        64.83	$           45.21	$         38.51	$         49.47	$         28.46	$      33.79	$      45.98	$      35.97	$      49.16	$      47.99	$        46.15	$        47.77	$         50.64
ROOM REVENUE
2002	$   255,875	$   273,121	$    294,599	$      823,595	$    200,333	$      231,047	$    241,553	$    672,933	$    253,577	$  280,670	$  202,588	$  736,835	$  230,087	$  231,120	$   214,492	$   675,699	$ 2,909,062
2003	$   250,496	$   273,086	$    251,613	$      775,195	$    186,379	$      178,580	$    143,853	$    508,812	$    147,927	$  201,191	$  263,830	$  612,948	$  264,873	$  270,169	$   202,100	$   737,142	$ 2,634,097
2004	$   325,526	$   350,100	$    363,418	$   1,039,044	$    299,164	$      254,673	$    236,637	$    790,474	$    246,497	$  269,650	$  263,819	$  779,966	$  280,116	$  272,161	$   228,252	$   780,530	$ 3,390,014
2005	$   312,454	$   353,154	$    377,472	$   1,043,080	$    310,608	$      289,170	$    251,561	$    851,339	$    225,420	$  273,989	$  270,790	$  770,199	$  305,781	$  299,820	$   274,212	$   879,813	$ 3,544,431
2006	$   341,109	$   342,669	$    358,643	$   1,042,421	$    318,819	$      236,902	$    239,285	$    795,006	$    241,975	$  239,719	$  318,421	$  800,115	$  315,701	$  299,972	$   277,047	$   892,720	$ 3,530,262
2007	$   361,321	$   385,781	$    396,080	$   1,143,182	$    364,708	$      305,459	$    299,208	$    969,375	$    265,038	$  292,015	$  333,130	$  890,183	$  339,309	$  324,112	$   272,689	$   936,110	$ 3,938,850
2008	$   366,292	$   396,311	$    379,600	$   1,142,203	$    342,334	$      296,697	$    282,217	$    921,249	$    222,451	$  227,331	$  239,748	$  689,529	$  289,198	$  324,291	$   259,109	$   872,598	$ 3,625,579
2009	$   354,522	$   353,988	$    380,549	$   1,089,059	$    293,225	$      244,021	$    236,494	$    773,740	$    236,266	$  239,488	$  172,243	$  647,997	$  261,916	$  244,452	$   177,721	$   684,089	$ 3,194,885
2010	$   247,770	$   271,381	$    284,253	$      803,404	$    194,192	$      201,178	$    124,953	$    520,323	$    136,517	$  182,876	$  147,854	$  467,247	$  187,503	$  194,054	$   226,732	$   608,289	$ 2,399,263
2011	$   250,014	$   262,596	$    317,981	$      830,591	$    253,889	$      227,969	$    311,371	$    793,229	$    267,382	$  318,308	$  187,734	$  773,424	$  254,554	$  251,167	$   250,576	$   756,296	$ 3,153,540
2012	$   338,456	$   349,146	$    362,824	$   1,050,426	$    322,858	$      232,674	$    191,771	$    747,303	$    146,432	$  173,906	$  229,000	$  549,338	$  253,000	$  239,000	$   237,500	$   729,500	$ 3,076,567
GOP DOLLARS
2002	$   137,936	$   147,484	$    148,731	$      434,151	$      66,517	$        85,773	$    102,160	$    254,450	$    108,558	$  141,277	$    54,526	$  304,361	$  105,210	$  107,323	$     97,609	$   310,142	$ 1,303,104
2003	$   134,111	$   147,333	$      82,931	$      364,375	$      13,793	$        36,724	$       (2,873)	$      47,644	$       (7,827)	$    77,484	$  104,575	$  174,232	$  111,971	$  148,238	$     85,511	$   345,720	$    931,971
2004	$   178,991	$   220,619	$    201,534	$      601,144	$    131,869	$      104,493	$      93,865	$    330,227	$    100,658	$  111,047	$  108,998	$  320,703	$  118,811	$  138,174	$     67,455	$   324,440	$ 1,576,514
2005	$   156,327	$   211,200	$    191,052	$      558,579	$    141,881	$      133,712	$    106,944	$    382,537	$      54,236	$  110,761	$    93,203	$  258,200	$  121,440	$  139,245	$   113,017	$   373,702	$ 1,573,018
2006	$   146,226	$   149,231	$    152,728	$      448,185	$    114,612	$        77,828	$      87,405	$    279,845	$      61,171	$    79,575	$  139,934	$  280,680	$  121,510	$  129,420	$   114,107	$   365,037	$ 1,373,747
2007	$   182,036	$   207,990	$    177,489	$      567,515	$    197,792	$      122,195	$    133,117	$    453,104	$      86,009	$  101,615	$  142,900	$  330,524	$  187,568	$  148,049	$     59,796	$   395,413	$ 1,746,556
2008	$   116,357	$   248,504	$    196,183	$      561,044	$    105,806	$      111,646	$      52,878	$    270,330	$     (25,148)	$    51,772	$    26,190	$    52,814	$    53,464	$  190,539	$     43,642	$   287,645	$ 1,171,833
2009	$   175,818	$   200,753	$    203,657	$      580,229	$      94,813	$        94,049	$      88,015	$    276,878	$      62,164	$    89,725	$    12,485	$  164,374	$  107,187	$  108,399	$     33,675	$   249,261	$ 1,270,742
2010	$     90,225	$   135,701	$    110,316	$      336,242	$      47,295	$        47,811	$      18,328	$    113,434	$      24,767	$    57,696	$    19,350	$  101,813	$    33,574	$    46,686	$     60,311	$   140,571	$    692,060
2011	$     22,490	$     63,089	$      96,011	$      181,590	$      66,803	$        93,973	$    151,638	$    312,414	$    117,668	$  144,840	$    38,165	$  300,673	$    70,838	$  116,510	$     84,442	$   271,790	$ 1,066,467
2012	$   162,535	$   169,312	$    173,700	$      505,547	$    114,907	$        20,104	$      19,789	$    154,800	$     (24,648)	$    27,329	$    64,433	$    67,114	$    88,146	$    90,530	$     90,593	$   269,269	$    996,730
GOP % (GOP$/Room Revenue) Adjusted GOP %
2002	53.9%	54.0%	50.5%	52.7%	33.2%	37.1%	42.3%	37.8%	42.8%	50.3%	26.9%	41.3%	45.7%	46.4%	45.5%	45.9%	44.8%
2003	53.5%	54.0%	33.0%	47.0%	7.4%	20.6%	-2.0%	9.4%	-5.3%	38.5%	39.6%	28.4%	42.3%	54.9%	42.3%	46.9%	35.4%
2004	55.0%	63.0%	55.5%	57.9%	44.1%	41.0%	39.7%	41.8%	40.8%	41.2%	41.3%	41.1%	42.4%	50.8%	29.6%	41.6%	46.5%
2005	50.0%	59.8%	50.6%	53.6%	45.7%	46.2%	42.5%	44.9%	24.1%	40.4%	34.4%	33.5%	39.7%	46.4%	41.2%	42.5%	44.4%
2006	42.9%	43.5%	42.6%	43.0%	35.9%	32.9%	36.5%	35.2%	25.3%	33.2%	43.9%	35.1%	38.5%	43.1%	41.2%	40.9%	38.9%
2007	50.4%	53.9%	44.8%	49.6%	54.2%	40.0%	44.5%	46.7%	32.5%	34.8%	42.9%	37.1%	55.3%	45.7%	21.9%	42.2%	44.3%
2008	31.8%	62.7%	51.7%	49.1%	30.9%	37.6%	18.7%	29.3%	-11.3%	22.8%	10.9%	7.7%	18.5%	58.8%	16.8%	33.0%	32.3%
2009	49.6%	56.7%	53.5%	53.3%	32.3%	38.5%	37.2%	35.8%	26.3%	37.5%	7.2%	25.4%	40.9%	44.3%	18.9%	36.4%	39.8%
2010	36.4%	50.0%	38.8%	41.9%	24.4%	23.8%	14.7%	21.8%	18.1%	31.5%	13.1%	21.8%	17.9%	24.1%	26.6%	23.1%	28.8%
2011	9.0%	24.0%	30.2%	21.9%	26.3%	41.2%	48.7%	39.4%	44.0%	45.5%	20.3%	38.9%	27.8%	46.4%	33.7%	35.9%	33.8%
2012	48.0%	48.5%	47.9%	48.1%	35.6%	8.6%	10.3%	20.7%	-16.8%	15.7%	28.1%	12.2%	34.8%	37.9%	38.1%	36.9%	32.4%
Note:	Actual figures through September, 2012. Projected figures Thereafter to  December 31, 2012 are based on management assumptions and no assurance is provided that actual results will be similar.
	January and April 2011 exclude $19,218 and $14,216, respectively, of one-time expenses related to the upgrade of the property to a Best Western Plus.
	For Internal Use Only.  Some figures have been adjusted for comparability purposes.