Notes

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

Trust structure