Eagle Hospitality Properties
100 East RiverCenter Boulevard, Suite 480
Covington, Kentucky 41011
(859) 581-5900
www.eaglehospitality.com

Eagle Hospitality Properties (NYSE: EHP) is a Covington, KY-based hotel REIT that focuses on owning upscale properties. It currently owns 13 properties in Ohio, Illinois, Florida, Colorado, Arizona, New York, Puerto Rico, California, Massachusetts and Kentucky. Eagle's hotel operators include Commonwealth Hotels, Hilton Hotels, Hyatt Hotels and Prism Hotels. The company completed its IPO on October 1, 2004, and is incorporated in Maryland.

Eagle's Stock Performance

Eagle's stock price has underperformed since its October 1, 2004 IPO. Click here to see Eagle's current stock price. The stock closed at $10.25 on its first day of trading, but never closed higher than $10.45 after that. It hit a low of $6.98 on November 14, 2005.⁷⁷

Eagle's closing stock price on July 31, 2006 was $9.23. During this same time period, October 1, 2004 to July 31, 2006, other hotel REITs such as FelCor Lodging Trust (FCH), Strategic Hotel Capital (BEE) and Sunstone Hotel Investors have all seen their stock prices rise by more than 50%.

Board of Directors:

• William P. Butler, Chair
  
  William P. Butler, 63, has been our non-executive Chairman of the Board of Directors since our initial public offering. He is also the Chairman of the Board and Chief Executive Officer of Corporex Companies LLC (“Corporex”), which he founded in 1965. Under Mr. Butler’s leadership, Corporex has evolved into a diverse financial investment company focusing on investing, family country clubs, hospitality and real estate development and management. Operating nearly 40 years, Corporex now includes such affiliates as Corporex Capital LLC, Five Seasons Sports Country Clubs, Corporex Realty & Investment LLC and Corporex Management & Leasing. Mr. Butler is also the chairman of, and the owner of an 85% interest in, Commonwealth Hotels, Inc. (“Commonwealth Hotels”), the manager with respect to nine of our hotels. He is also the founder of the Greater Cincinnati/Northern Kentucky Chapter of the National Association of Industrial and Office Parks (NAIOP) and the Metropolitan Growth Alliance, a group dedicated to regional planning and development for Northern Kentucky. (From the 2006 Proxy Statement)
• J. William Blackham
  
  J. William Blackham, 52, is our President and Chief Executive Officer, a position he has held since our formation. Prior to our initial public offering, Mr. Blackham served as Executive Vice President of Corporex, and as a member of Corporex’s Executive Management Board. Mr. Blackham joined Corporex in 1990 as Senior Vice President, Finance. He has almost 29 years experience in the acquisition, development, marketing, disposition, management and financing of real estate. Prior to joining Corporex, he was Executive Vice President of Tambone Corporation, a Boston based real estate development and investment firm. Mr. Blackham’s responsibilities included all asset purchase and sales transactions as well as project and corporate financing. Mr. Blackham holds a Bachelors Degree in Finance, Magna Cum Laude, from Boston College and an MBA from The Wharton School at the University of Pennsylvania. He is also a member of several professional organizations including the National Association of Real Estate Investment Trusts (NAREIT), the Urban Land Institute (ULI), and the Pension Real Estate Association (PREA), and serves as an honorary Consular in Cincinnati for the Government of Brazil. (From the 2006 Proxy Statement)
• Robert J. Kohlhepp
  
  Robert J. Kohlhepp, 62, has served as a director since our initial public offering. Mr. Kohlhepp is Vice Chairman of Cintas Corporation, a $3.1 billion revenue, publicly-traded entity, which is highly regarded for its consistent and high-quality performance. Mr. Kohlhepp joined the company 38 years ago. He is a CPA with an MBA from Xavier University. He serves as director for Cintas Corporation and Parker Hanifin and is a trustee of Xavier University in Cincinnati. (From the 2006 Proxy Statement)
• Frank C. McDowell
  
  Frank C. McDowell, 57, has served as a director since our initial public offering. Mr. McDowell resides in Carmel, California and is the retired Vice Chairman of BRE Properties, Inc. Trust. Mr. McDowell was promoted to Vice Chairman of BRE in January 2004. Since 1995, Mr. McDowell served as BRE’s Chief Executive Officer and until December 2003, also as President. BRE is a $3.0 billion asset, publicly-traded REIT which has existed for more than 35 years. BRE specializes in apartments. Mr. McDowell has 26 years of experience in the real estate industry, serving on numerous industry-related Boards. (From the 2006 Proxy Statement)
• Louis D. George
  
  Louis D. George, 53, has served as a director since our initial public offering. Since August 2004, Mr. George has served as Director of Taft, Stettinius & Hollister LLP, a full-service midwestern law firm, where he provides management expertise and reports to the managing partner and Executive Committee. From 2002 until June 2004, Mr. George was Chief Executive Officer of the New Ventures division of the Sheakley Company in Cincinnati. From 2000 to 2001, Mr. George was Managing Director of myCFO, a financial services firm headquartered in Redwood City, California. Prior to that, Mr. George was a national partner at Deloitte & Touche for approximately 15 years with a specialty in tax and real estate. Mr. George has an accounting degree from West Virginia University, and is a CPA. He serves as a district Board member of the Urban Land Institute and on the Boards of numerous Cincinnati non-profit organizations. (From the 2006 Proxy Statement)
• Thomas R. Engel
  
  Thomas R. Engel, 62, has served as a director since our initial public offering. Mr. Engel is located in Boston and is the owner and Chief Executive Officer of T.R. Engel Group, LLC (“TRE”), an asset management advisory group with emphasis in hospitality acting on a national and international level. Prior to creating TRE in 1998, Mr. Engel was Senior Vice President for seven years at Equitable Life in charge of Equitable’s hotel portfolio. Mr. Engel entered the hotel industry in 1982 and has worked at Hyatt Corporation and Holiday Inn Corporation in previous years. Mr. Engel has a graduate degree in business from Northwestern University, and qualifies as a hospitality industry expert. (From the 2006 Proxy Statement)
• Thomas E. Costello
  
  Thomas E. Costello, 66, has served as a director since our initial public offering. Until 2002, Mr. Costello served more than 10 years as the Chief Executive Officer of Xpedx, a wholly-owned subsidiary of International Paper Inc. In 2000, Xpedx sales surpassed $7 billion, and the Company employed more than 9,000 people worldwide. Prior to joining Xpedx, Mr. Costello served as Vice President of Sales & Marketing/Officer at Dixon Paper, serving 16 years with the company. He was also President of Rampart Containers and held numerous positions with Mead Corporation. Mr. Costello is also on the Board of Corporex, Intertape Polymer Group Inc. and Cadmus Communications Corporation. Mr. Costello has served on such Boards as Thomas More College Executive Committee and Board of Trustees and the Alumni Board of Indiana University Kelley School of Business. Mr. Costello has a management degree and an MBA from Indiana University. (From the 2006 Proxy Statement)
• Thomas E. Banta
  
  Thomas E. Banta, 42, has served as a director since our initial public offering. Mr. Banta is Executive Vice President of Corporex. He is in charge of all real estate development and property management functions. Mr. Banta is a member of the Executive Management Board of Corporex. He is a graduate of Indiana University, and has been with Corporex more than 20 years, his entire career. Mr. Banta is the Corporex director designee under the nomination rights agreement. (From the 2006 Proxy Statement)
• Paul S. Fisher
  
  Paul S. Fisher, 50, has served as a director since our initial public offering. Mr. Fisher is President, Chief Financial Officer and Trustee of CenterPoint Properties Trust and has been an Executive Vice President of CenterPoint since 1993. CenterPoint is a privately held real estate investment trust engaged in the development, redevelopment and management of industrial property and infrastructure. CenterPoint owns or operates approximately 40 million square feet of properties. Mr. Fisher has also served as the CenterPoint’s General Counsel and Secretary. Mr. Fisher is a graduate of The University of Notre Dame with a Bachelor of Arts degree in Economics, holds a Doctor of Law degree from The University of Chicago Law School. (From the 2006 Proxy Statement)

Executive Officers:

• J. William Blackham, Chief Executive Officer and President
  
  Mr. Blackham is our President and Chief Executive Officer, a position he has held since Eagle Hospitality’s formation. Prior to joining the company, Mr. Blackham served as Executive Vice President of Corporex, and as a member of Corporex’s Executive Management Board. Mr. Blackham joined Corporex in 1990 as Senior Vice President, Finance. He has over 28 years of experience in the acquisition, development, marketing, disposition, management and financing of real estate. Prior to joining Corporex, he was Executive Vice President of Tambone Corporation, a Boston based real estate development and investment firm. Mr. Blackham’s responsibilities included all asset purchase and sales transactions as well as project and corporate financing. Mr. Blackham holds a Bachelors Degree in Finance, Magna Cum Laude, from Boston College and an MBA from The Wharton School at the University of Pennsylvania. He is also a member of several professional organizations including the National Association of Real Estate Investment Trusts (NAREIT), the Urban Land Institute (ULI) and the Pension Real Estate Association (PREA). In addition, Mr. Blackham serves as an Honorary Consul of Brazil. (From the Eagle Hospitality Properties website, www.eaglehospitality.com)
• Raymond D. Martz, Chief Financial Officer, Secretary and Treasurer
  
  Mr. Martz joined Eagle Hospitality Properties Trust as Chief Financial Officer May 2, 2005. Previously, he was employed by LaSalle Hotel Properties (NYSE:LHO), a hotel REIT based in Bethesda, Maryland, in a variety of finance functions since 1997, including having served as its Treasurer since 2004, Vice President Finance & Investor Relations from 2001 to 2004 and Director of Finance from 1998 to 2001. Prior to LaSalle, Mr. Martz was an Associate with Tishman Realty Corporation in New York, New York. He was employed at Tishman from 1995-1997 where he focused in a variety of areas including asset management, development and construction finance. Mr. Martz has a Bachelor of Science degree from the School of Hotel Administration at Cornell University. He also has a MBA from Columbia University. (From the Eagle Hospitality Properties website, www.eaglehospitality.com)
• Brian Guernier, Senior Vice President Acquisitions
  
  Before joining us in October 2004, Mr. Guernier spent the prior five years as Vice President of Acquisitions and Development of CNL Hospitality Corp., during which time CNL Hospitality’s portfolio increased from nine hotels to more than 130 hotels. Prior to joining CNL Hospitality, Mr. Guernier spent five years with Marriott International as a director in the development organization for both lodging hospitality and timeshare operations. He has also spent two years with Arthur Andersen Real Estate Services Group performing property tax appeals for hospitality clients and three years with Hospitality Valuation Services (HVS) as a consultant performing hotel appraisals. Mr. Guernier has a Masters of Professional Studies degree from the School of Hotel Administration at Cornell University, as well as a Bachelor of Science Degree from the Agriculture and Life Sciences School at Cornell University. (From the Eagle Hospitality Properties website, www.eaglehospitality.com)

Download Eagle's SEC Filings:

• Registration Statement
• 2005 10-K
• 2005 Proxy Statement
• 2006 10-K
• 2006 Proxy Statement

Download Eagle's Corporate Policies:
Eagle has a number of policies related to corporate governance and ethics:

• Bylaws
• Code of Business Conduct and Ethics
• Corporate Governance Guidelines
• Governance and Compensation Committee Charter
• Audit Committee Charter