Filing Details

Accession Number:
0001140361-19-000227
Form Type:
13D Filing
Publication Date:
2019-01-03 15:32:13
Filed By:
Brookfield Asset Management Inc.
Company:
Hospitality Investors Trust Inc.
Filing Date:
2019-01-03
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Brookfield Asset Management Inc 0 11,782,463 0 11,782,463 11,782,463 23.15%
Partners Limited 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield Holdings Canada Inc 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield US Holdings Inc 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield US Corporation 0 11,782,463 0 11,782,463 11,782,463 23.15%
BUSC Finance 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield Property Master Holdings 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield Property Group 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield Strategic Real Estate Partners II GP OF GP 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield Strategic Real Estate Partners II GP 0 11,782,463 0 11,782,463 11,782,463 23.15%
Brookfield Strategic Real Estate Partners II Hospitality REIT II 0 11,782,463 0 11,782,463 11,782,463 23.15%
Filing

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13D/A
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 240.13d-2(a)

(Amendment No. 2)*

Hospitality Investors Trust, Inc.
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)

44107J108
(CUSIP Number)

Justin Beber
Brookfield Asset Management Inc.
Brookfield Place, Suite 300
181 Bay Street, P.O. Box 762
Toronto, Ontario M5J2T3
Telephone: (416) 359-8598
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

Copy to:

Steven L. Wilner, Esq.
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
(212) 225-2000
December 31, 2018
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

(Continued on following pages)

(Page 1 of 35 Pages)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 44107J108
13D
Page 2 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Asset Management Inc.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Canada
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
CO
 
 
 
 

*See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock (as defined herein) outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares (as defined below) granted to BSREP II Board (as defined below), 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer (as defined below) as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units (as defined herein) deliverable upon conversion of the Class C Units (as defined herein).  

CUSIP No. 44107J108
13D
Page 3 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Partners Limited
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Canada
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
CO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 4 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Holdings Canada Inc.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Canada
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
CO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 5 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield US Holdings Inc.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Canada
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
CO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 6 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield US Corporation
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
CO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 7 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
BUSC Finance LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
OO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 8 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Property Master Holdings LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
OO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 9 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Property Group LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
OO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 10 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Strategic Real Estate Partners II GP OF GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 

OO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 11 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Strategic Real Estate Partners II GP L.P.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
PN
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

CUSIP No. 44107J108
13D
Page 12 of 31 Pages

1
NAMES OF REPORTING PERSONS
 
 
Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
 
-0-
 
 
 
 
8
SHARED VOTING POWER
 
 
11,782,463.78*
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
11,782,463.78*
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,782,463.78*
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
23.15%**
 
 
 
 
14
TYPE OF REPORTING PERSON
 
 
OO
 
 
 
 

* See Item 5.

** The calculation is based on 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer as described below in Item 5), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

Schedule 13D/A

This Amendment No. 2 (the “Amendment”) amends and supplements the Schedule 13D filed by the Reporting Persons on April 10, 2017 (the “Original 13D”), as amended and supplemented by Amendment No. 1 on February 28, 2018 (“Amendment No. 1”) (the Original 13D and Amendment No. 1, collectively, the “Amended Schedule 13D”), with respect to the Common Stock.  Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Amended Schedule 13D. Capitalized terms used in this Amendment and not otherwise defined shall have the same meanings ascribed to them in the Amended Schedule 13D.

The Reporting Persons are filing this amendment to reflect their new percentage of beneficial ownership of the Issuer, which has increased as a result of (i) the issuance by the Issuer to the Brookfield Investor of 126,617.01 Class C Units on March 29, 2018, 143,191.33 Class C Units on June 29, 2018, 146,594.53 Class C Units on September 28, 2018 and 148,467.68 Class C Units on December 31, 2018 as payments-in-kind for the quarterly distributions declared on Class C Units pursuant to the A&R LPA and (ii) the grant by the Issuer to BSREP II Hospitality II Board LLC, a wholly-owned subsidiary of the Brookfield Investor, of 7,210 shares of Common Stock on July 2, 2018, subject to forfeiture in respect of Lowell G. Baron’s and Bruce G. Wiles’ service as directors of the Issuer.

Item 2.
Identity and Background

This Amendment amends and restates the entirety of Item 2 of the Amended Schedule 13D as set forth below.


a.
This 13D is being filed by each of the following persons (each, a “Reporting Person”, and, collectively, the “Reporting Persons”):


i.
Brookfield Asset Management Inc. (“BAM”), a corporation formed under the laws of the Province of Ontario;


ii.
Partners Limited (“Partners Limited”), a corporation formed under the laws of the Province of Ontario that holds 867,495 class A limited voting shares of BAM, representing approximately 0.1% of such shares, and 85,120 class B limited voting shares of BAM, representing 100% of such shares;


iii.
Brookfield Holdings Canada Inc. (“BHC”), a corporation formed under the laws of the Province of Ontario and a wholly-owned subsidiary of BAM;


iv.
Brookfield US Holdings Inc. (“BUSHI”), a corporation formed under the laws of the Province of Ontario and a wholly-owned subsidiary of BHC;


v.
Brookfield US Corporation (“BUSC”), a Delaware corporation and a wholly-owned subsidiary of BUSHI. On or about January 3, 2019, pursuant to an internal reorganization, BUSC is expected to merge with and into Brookfield Special Opportunities Inc., a Delaware corporation, with Brookfield Special Opportunities Inc. surviving the merger as a wholly-owned subsidiary of BUSHI and the direct parent company of BUSC Finance (as defined below);


vi.
BUSC Finance LLC (“BUSC Finance”), a Delaware limited liability company and a wholly-owned subsidiary of BUSC;


vii.
Brookfield Property Master Holdings LLC (“BPMH”), a Delaware limited liability company and a wholly-owned subsidiary of BUSC Finance;


viii.
Brookfield Property Group LLC (“BPG”), a Delaware limited liability company and a wholly-owned subsidiary of BPMH;


ix.
Brookfield Strategic Real Estate Partners II GP OF GP LLC (“Ultimate GP”), a Delaware limited liability company, a wholly-owned subsidiary of BPG and the general partner of BSREP II GP (as defined below);


x.
Brookfield Strategic Real Estate Partners II GP L.P. (“BSREP II GP”), a Delaware limited partnership and the sole manager of the Brookfield Investor (as defined below); and


xi.
Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC (the “Brookfield Investor”), a Delaware limited liability company and owner of 100% of the outstanding Class C Units of the OP (as defined below).

Schedule I with respect to BAM, Schedule II with respect to Partners Limited, Schedule III with respect to BHC, Schedule IV with respect to BUSHI, Schedule V with respect to BUSC, Schedule VI with respect to BUSC Finance, Schedule VII with respect to BPMH, Schedule VIII with respect to BPG, Schedule IX with respect to Ultimate GP, Schedule X with respect to BSREP II GP, and Schedule XI with respect to the Brookfield Investor set forth lists of all of the directors and executive officers or persons holding equivalent positions (the “Scheduled Persons”) of each such Reporting Person.


b.
The principal business address of each of BAM, Partners Limited, BHC and BUSHI is 181 Bay Street, Suite 300, Toronto, Ontario, Canada M5J 2T3. The principal address of each of BUSC, BUSC Finance, BPMH, BPG, Ultimate GP, BSREP II GP and the Brookfield Investor is Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023.

Schedule I, Schedule II, Schedule III, Schedule IV, Schedule V, Schedule VI, Schedule VII, Schedule VIII, Schedule IX, Schedule X and Schedule XI set forth the principal business address of each Scheduled Person.


c.
The principal business of BAM is to own and operate assets with a focus on property, renewable power, infrastructure and private equity. The principal business of each of Partners Limited, BHC, BUSC, BUSC Finance, BPMH, BPG and BUSHI is to serve as a holding company. The principal business of each of Ultimate GP and BSREP II GP is to serve as general partner or manager, as applicable, for a variety of certain private investment vehicles, including the Brookfield Investor. The principal business of the Brookfield Investor is to serve as a special purpose entity for the purpose of making certain investments, including investments in the Company.

Schedule I, Schedule II, Schedule III, Schedule IV, Schedule V, Schedule VI, Schedule VII, Schedule VIII, Schedule IX, Schedule X and Schedule XI set forth the principal occupation or employment of each Scheduled Person.


d.
During the last five years, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the Scheduled Persons (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.


e.
Schedule I, Schedule II, Schedule III, Schedule IV, Schedule V, Schedule VI, Schedule VII, Schedule VIII, Schedule IX, Schedule X and Schedule XI set forth the citizenships of each of the Scheduled Persons who is a natural person.

Item 4.
Purpose of Transaction

Item 4 of the Amended Schedule 13D is amended by adding the following paragraphs beneath the seventh paragraph under the subheading “Distributions” under the subheading “Terms of the Class C Units”:

On March 29, 2018, the Brookfield Investor received 126,617.01 Class C Units as a payment-in-kind dividend on 11,202,807.22 Class C Units (adjusted by .01 unit due to rounding) owned by the Brookfield Investor at the time of the dividend payment date in accordance with the terms of the Amended & Restated Agreement of Limited Partnership of OpCo. As a result of the foregoing transactions, the Brookfield Investor owned 11,329,424.23 Class C Units (adjusted by .01 unit due to rounding) on March 29, 2018.

On June 29, 2018, the Brookfield Investor received 143,191.33 Class C Units as a payment-in-kind dividend on 11,329,424.23 Class C Units (adjusted by .01 unit due to rounding) owned by the Brookfield Investor at the time of the dividend payment date in accordance with the terms of the Amended & Restated Agreement of Limited Partnership of OpCo. As a result of the foregoing transactions, the Brookfield Investor owned 11,472,615.57 Class C Units (adjusted by .01 unit due to rounding) on June 29, 2018.

On September 28, 2018, the Brookfield Investor received 146,594.53 Class C Units as a payment-in-kind dividend on 11,472,615.57 Class C Units (adjusted by .01 unit due to rounding) owned by the Brookfield Investor at the time of the dividend payment date in accordance with the terms of the Amended & Restated Agreement of Limited Partnership of OpCo. As a result of the foregoing transactions, the Brookfield Investor owned 11,619,210.10 Class C Units (adjusted by .01 unit due to rounding) on September 28, 2018.

On December 31, 2018, the Brookfield Investor received 148,467.68 Class C Units as a payment-in-kind dividend on 11,619,210.10 Class C Units (adjusted by .01 unit due to rounding) owned by the Brookfield Investor at the time of the dividend payment date in accordance with the terms of the Amended & Restated Agreement of Limited Partnership of OpCo. As a result of the foregoing transactions, the Brookfield Investor owned 11,767,677.78 Class C Units (adjusted by .01 unit due to rounding) on December 31, 2018.


Item 4 of the Amended Schedule 13D is amended by adding the following paragraphs beneath the sixth paragraph under the subheading “Directors”:

On July 2, 2018, the Issuer granted BSREP II Board 7,210 Restricted Shares subject to forfeiture in respect of Mr. Baron's and Mr. Wiles's service as directors of the Issuer. Such Restricted Shares vest on the earliest of (i) the date of the annual meeting of the Board in 2019; (ii) July 2, 2019; and (iii) a Change in Control, as such term is defined in the Amended and Restated Employee and Director Incentive Restricted Share Plan of the Issuer, provided that, as of each such date, BSREP II Board or its affiliate retains the right to appoint designees to the Board. The Brookfield Investor owns such 7,210 Restricted Shares through its wholly-owned subsidiary BSREP II Board. As a result of the foregoing transaction, BSREP II owns 14,786 Restricted Shares, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron’s and Bruce Wiles’s service as directors of the Issuer, through BSREP II Board.

Item 5.
Interest in Securities of the Issuer

This Amendment amends and restates the entirety of Item 5 of the Amended Schedule 13D as set forth below.

(a), (b) The following sentences assume that there is a total of 50,902,305.78 shares of Common Stock outstanding, which includes (i) the 39,343,604 shares of Common Stock outstanding as of December 31, 2018 (which includes the 14,786 Restricted Shares granted to BSREP II Board, 7,210 shares of which are subject to forfeiture in respect of Lowell Baron's and Bruce Wiles's service as directors of the Issuer), based on information received from the Issuer, and (ii) 11,767,677.78 shares of Common Stock issuable upon redemption of OP Units deliverable upon conversion of the Class C Units.

The Brookfield Investor directly holds 11,767,677.78 Class C Units, which are convertible into OP Units at any time at the option of the Brookfield Investor at the Conversion Price. OP Units are, in turn, generally redeemable for shares of the Common Stock on a one-for-one-basis or the cash value of a corresponding number of shares of Common Stock, at the election of the Issuer, in accordance with the terms of the A&R LPA.  The Brookfield Investor also holds 14,786 Restricted Shares through its wholly-owned subsidiary BSREP II Board. Accordingly, the Brookfield Investor may be deemed to beneficially own 11,782,463.78 shares of Common Stock as of the date hereof, which constitutes 23.15% of the outstanding Common Stock.

As sole manager of the Brookfield Investor, BSREP II GP may be deemed to beneficially own all 11,767,677.78 Class C Units and 14,786 Restricted Shares as described above owned by the Brookfield Investor. As direct and indirect controlling persons of BSREP II GP, each of BAM, Partners Limited, BHC, BUSHI, BUSC, BUSC Finance, BPMH, BPG and Ultimate GP may be deemed to share with BSREP II GP beneficial ownership of such shares of Common Stock underlying such Class C Units and such Restricted Shares.

None of the Reporting Persons has sole voting or investment power with respect to any shares of Common Stock.

 (c) Except as set forth in this Item 5, none of the Reporting Persons nor, to the best knowledge of the Reporting Persons, without independent verification, any person named in Item 2 hereof, has effected any transaction in the Common Stock during the past 60 days.

(d) To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5.

(e) Not Applicable.

Item 7.
Material to Be Filed as Exhibits

Item 7 of the Amended Schedule 13D is hereby amended to include the following:

Exhibit 12
Joint Filing Agreement (filed herewith)

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: January 3, 2019

 
BROOKFIELD ASSET MANAGEMENT INC.
   
 
By: /s/ Justin Beber
 
Name:
Justin Beber
 
Title:
Chief Legal Officer and Corporate Secretary
     
 
PARTNERS LIMITED
   
 
By: /s/ Brian Lawson
 
Name:
Brian Lawson
 
Title:
President
     
 
BROOKFIELD HOLDINGS CANADA INC.
   
 
By: /s/ Katayoon Sarpash
 
Name:
Katayoon Sarpash
 
Title:
Vice President
     
 
BROOKFIELD US HOLDINGS INC.
   
 
By: /s/ Katayoon Sarpash
 
Name:
Katayoon Sarpash
 
Title:
Vice President
     
 
BROOKFIELD US CORPORATION
   
 
By: /s/ Josh Zinn
 
Name:
Josh Zinn
 
Title:
Vice President
     
 
BUSC FINANCE LLC
   
 
By: /s/ Josh Zinn
 
Name:
Josh Zinn
 
Title:
Vice President

 
BROOKFIELD PROPERTY MASTER HOLDINGS LLC
   
 
By: /s/ Danielle Brody
 
Name:
Danielle Brody
 
Title:
Vice President
     
 
BROOKFIELD PROPERTY GROUP LLC
   
 
By: /s/ Melissa Lang
 
Name:
 Melissa Lang
 
Title:
Senior Vice President and Secretary
     
 
BROOKFIELD STRATEGIC REAL ESTATE PARTNERS II GP OF GP LLC
   
 
By: /s/ Melissa Lang
 
Name:
Melissa Lang
 
Title:
Senior Vice President and Secretary
     
 
BROOKFIELD STRATEGIC REAL ESTATE PARTNERS II GP L.P.
   
 
By: BROOKFIELD STRATEGIC REAL ESTATE PARTNERS II GP OF GP LLC, its general partner
   
 
By: /s/ Melissa Lang
 
Name:
Melissa Lang
 
Title:
Senior Vice President and Secretary
     
 
BROOKFIELD STRATEGIC REAL ESTATE PARTNERS II HOSPITALITY REIT II LLC
   
 
By: /s/ Melissa Lang
 
Name:
Melissa Lang
 
Title:
Senior Vice President and Secretary

SCHEDULE I

Brookfield Asset Management Inc.

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
M. Elyse Allan, Director
 
2300 Meadowvale Road, Mississauga, Ontario, L5N 5P9, Canada
 
President and Chief Executive Officer of General Electric Canada Company Inc.
 
Canada and U.S.A.
 
Jeffrey M. Blidner, Director and Vice Chairman
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Vice Chairman of BAM
 
Canada
 
Angela F. Braly, Director
 
832 Alverna Drive, Indianapolis, Indiana 46260
 
President & Founder of The Braly Group, LLC
 
U.S.A.
 
Jack L. Cockwell, Director
 
51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada
 
Corporate Director
 
Canada
 
Marcel R. Coutu, Director
 
335 8th Avenue SW, Suite 1700
Calgary, Alberta
 T2P 1C9, Canada
 
Corporate Director
 
Canada
 
Maureen Kempston Drakes, Director
 
10 Avoca Avenue, Unit 1904, Toronto, Ontario M4T 2B7, Canada
 
Corporate Director of BAM and former President, Latin America, Africa and Middle East of General Motors Corporation
 
Canada
 
J. Bruce Flatt, Director and Senior Managing Partner and Chief Executive Officer
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Managing Partner and Chief Executive Officer of BAM
 
Canada
 
Robert J. Harding, Director
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Past Chairman of BAM
 
Canada
 
Brian W. Kingston, Senior Managing Partner
 
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY, 10281-1023
 
Senior Managing Partner of BAM
 
Canada
 
Brian D. Lawson, Senior Managing Partner and Chief Financial Officer
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Managing Partner and Chief Financial Officer of BAM
 
Canada
 
Murilo Ferreira, Director
 
Rua General Venãncio Flores, 50 Cob 01, Leblon, Rio de Janeiro
 
Former CEO of Vale SA
 
Brazil

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Rafael Miranda, Director
 
C/ Principe de Viana 9, Madrid, Spain
 
Former CEO of Endesa, S.A.
 
Spain
 
Cyrus Madon, Senior Managing Partner
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Managing Partner of BAM
 
Canada
 
Frank J. McKenna, Director
 
TD Bank Group, P.O. Box 1, TD Centre,
66 Wellington St. West,
4th Floor, TD Tower,
Toronto, Ontario
M5K 1A2, Canada
 
Chair of BAM and Deputy Chair of TD Bank Group
 
Canada
 
Youssef A. Nasr, Director
 
P.O. Box 16 5927,
Beirut, Lebanon
 
Corporate Director of BAM and former Chairman and CEO of HSBC Middle East Ltd. and former President of HSBC Bank Brazil
 
Lebanon and U.S.A
 
Lord Augustine Thomas O’Donnell, Director
 
Frontier Economics, 71 High Holborn, London, U.K. WC1V 6DA
 
Chairman of Frontier Economics
 
United Kingdom
 
Samuel J.B. Pollock, Senior Managing Partner
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Managing Partner of BAM
 
Canada
 
Ngee Huat Seek, Director
 
501 Orchard Road
#08—01 Wheelock Place
Singapore 238880
 
Chairman, Global Logistics Properties
 
Singapore
 
Diana L. Taylor, Director
 
Solera Capital L.L.C
625 Madison Avenue,
3rd Floor
 New York, N.Y. 10022
 
Vice Chair of Solera Capital LLC
 
U.S.A
 
Justin Beber, Chief Legal Officer and Corporate Secretary
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Managing Partner
Chief Legal Officer
Corporate Secretary of BAM
 
Canada

SCHEDULE II

Partners Limited

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Jack L. Cockwell, Director and Chairman
 
51 Yonge Street,
Suite 400
Toronto, Ontario M5E 1J1, Canada
 
Corporate Director
 
Canada
 
David W. Kerr, Director
 
51 Yonge Street,
Suite 400
Toronto, Ontario M5E 1J1, Canada
 
Chairman of Halmont Properties Corp.
 
Canada
 
Brian D. Lawson, Director and President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Managing Partner and Chief Financial Officer of BAM
 
Canada
 
Timothy R. Price, Director
 
51 Yonge Street,
Suite 400
Toronto, Ontario M5E 1J1, Canada
 
Chairman, Brookfield Funds
 
Canada
 
Loretta Corso, Secretary
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Corporate Secretarial Administrator of BAM
 
Canada

SCHEDULE III

Brookfield Holdings Canada Inc.

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Aleks Novakovic, Director, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Managing Partner, BAM
 
Canada
 
Rami El Jurdi
Director, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Vice President, Finance, BAM
 
Canada
 
Thomas Douglas Corbett, Director, President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Vice President, Finance, BAM
 
Canada
 
Katayoon Sarpash, Director, Vice President and Secretary
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Vice President, BAM
 
Canada
 
Cam Ha, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Director, Tax, BAM
 
Canada
 
Aaron Kline, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Managing Director, BAM
 
Canada

SCHEDULE IV

Brookfield US Holdings Inc.

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Aleks Novakovic, Director, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Managing Partner, BAM
 
Canada
 
Rami El Jurdi
Director, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Vice President, Finance, BAM
 
Canada
 
Thomas Douglas Corbett, Director, President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Senior Vice President, Finance, BAM
 
Canada
 
Katayoon Sarpash, Director, Vice President and Secretary
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Vice President, BAM
 
Canada
 
Cam Ha, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Director, Tax, BAM
 
Canada
 
Aaron Kline, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Managing Director, BAM
 
Canada

SCHEDULE V

Brookfield US Corporation

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Barry Blattman, Director, Vice President
 
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY, 10281-1023
 
Vice-Chairman, BAM
 
U.S.A
 
Rami El Jurdi
Director, Secretary
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Vice President, Finance, BAM
 
 
Canada
 
Jordan Kolar
Director, Vice President
 
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY, 10281-1023
 
Managing Director, Tax, BAM
 
U.S.A.
 
Aleks Novakovic
Director, Vice President
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Managing Partner, BAM
 
Canada
 
Mark Srulowitz
President
 
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY, 10281-1023
 
Managing Partner,
BAM
 
U.S.A.
 
Josh Zinn
Director, Vice President
 
 
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY, 10281-1023
 
Senior Vice President,
BAM
 
Australia

SCHEDULE VI

BUSC Finance LLC

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Mark Srulowitz, President
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner, BAM
 
U.S.A.
 
Jordan Kolar, Manager and Vice President
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Director, Tax, BAM
 
U.S.A.
 
Josh Zinn, Manager and Vice President
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Vice President, BAM
 
Australia
 
Rami El Jurdi, Manager and Secretary
 
181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada
 
Vice President, Finance, BAM
 
Canada

SCHEDULE VII

Brookfield Property Master Holdings LLC

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Brian Hurowitz, Senior Vice President and Director
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Vice President
 
U.S.A
 
Bryan Smith, Senior Vice President and Director
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Vice President
 
U.S.A
 
Danielle Brody, Vice President and Director
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Vice President
 
U.S.A

SCHEDULE VIII

Brookfield Property Group LLC

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Brian W. Kingston, Director and Chief Executive Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Managing Partner
 
Canada
 
Bryan Davis, Director and Chief Financial Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
Canada
 
Brett Fox, Director, General Counsel, and Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Melissa Lang, Senior Vice President
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Vice President
 
U.S.A

SCHEDULE IX

Brookfield Strategic Real Estate Partners II GP OF GP LLC

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation or
Employment
 
Citizenship
 
Brian W. Kingston, Chief Executive Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Managing Partner
 
Canada
 
Bryan Davis, Chief Financial Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
Canada
 
Brett Fox, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
William Powell, Chief Operating Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Managing Partner
 
U.S.A
 
Murray Goldfarb, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Mark Srulowitz, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
David J. Stalter, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Melissa Lang, Senior Vice President and Secretary
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Vice President
 
U.S.A

SCHEDULE X

Brookfield Strategic Real Estate Partners II GP L.P.

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation
or Employment
 
Citizenship
 
Brian W. Kingston, Chief Executive Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Managing Partner
 
Canada
 
Bryan Davis, Chief Financial Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
Canada
 
Lowell Baron, Chief Investment Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Brett Fox, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
William Powell, Chief Operating Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Managing Partner
 
U.S.A
 
Murray Goldfarb, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Mark Srulowitz, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
David J. Stalter, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Melissa Lang, Senior Vice President and Secretary
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Vice President
 
U.S.A

SCHEDULE XI

Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC

 
Name and Position of
Officer or Director
 
Principal Business
Address
 
Principal Occupation
or Employment
 
Citizenship
 
Brian W. Kingston, Chief Executive Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Managing Partner
 
Canada
 
Bryan Davis, Chief Financial Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
Canada
 
Lowell Baron, Chief Investment Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Brett Fox, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
William Powell, Chief Operating Officer
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Managing Partner
 
U.S.A
 
Murray Goldfarb, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
David J. Stalter, Managing Partner
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Managing Partner
 
U.S.A
 
Melissa Lang, Senior Vice President and Secretary
 
Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-1023
 
Senior Vice President
 
U.S.A

INDEX TO EXHIBITS

Exhibit 1
Initial Articles Supplementary of American Realty Capital Hospitality Trust, Inc. filed with the State Department of Assessments and Taxation of Maryland on January 13, 2017 (incorporated by reference to Exhibit 3.1 of the Issuer’s Current Report on Form 8-K filed on January 13. 2017 (Commission File No. 000-55394)).
   
Exhibit 2
Securities Purchase, Voting and Standstill Agreement, dated as of January 12, 2017, by and among American Realty Capital Hospitality Trust, Inc., American Realty Capital Hospitality Operating Partnership, LP and Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K filed on January 13, 2017 (Commission File No. 000-55394)).
   
Exhibit 3
Framework Agreement, dated as of January 12, 2017, by and among American Realty Capital Hospitality Advisors, LLC, American Realty Capital Hospitality Properties, LLC, American Realty Capital Hospitality Grace Portfolio, LLC, Crestline Hotels & Resorts, LLC, American Realty Capital Hospitality Trust, Inc., American Realty Capital Hospitality Operating Partnership, LP, American Realty Capital Hospitality Special Limited Partnership, LLC, and solely in connection with Sections 7(b), 7(d), 8, 9 and 10 through 22 (inclusive) thereto, Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC (incorporated by reference to Exhibit 10.2 of the Issuer’s Current Report on Form 8-K filed on January 13, 2017 (Commission File No. 000-55394)).
   
Exhibit 4
Articles Supplementary of Hospitality Investors Trust, Inc., filed with the State Department of Assessments and Taxation of Maryland on March 31, 2017 (incorporated by reference to Exhibit 3.2 of the Issuer’s Current Report on Form 8-K filed on March 31, 2017 (Commission File No. 000-55394)).
   
Exhibit 5
Amended and Restated Agreement of Limited Partnership of Hospitality Investors Trust Operating Partnership, L.P., dated as of March 31, 2017 (incorporated by reference to Exhibit 4.2 of the Issuer’s Current Report on Form 8-K filed on March 31, 2017 (Commission File No. 000-55394)).
   
Exhibit 6
Ownership Limit Waiver Agreement, dated as of dated as of March 31, 2017 (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K filed on March 31, 2017 (Commission File No. 000-55394)).
   
Exhibit 7
Registration Rights Agreement, dated as of March 31, 2017, by and among Hospitality Investors Trust, Inc., Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC, American Realty Capital Hospitality Advisors, LLC and American Realty Capital Hospitality Properties, LLC (incorporated by reference to Exhibit 10.2 of the Issuer’s Current Report on Form 8-K filed on March 31, 2017 (Commission File No. 000-55394)).
   
Exhibit 8
Amended and Restated Bylaws of Hospitality Investors Trust, Inc., dated as of March 31, 2017, filed with the State Department of Assessments and Taxation of Maryland on March 31, 2017 (incorporated by reference to Exhibit 3.4 of the Issuer’s Current Report on Form 8-K filed on March 31, 2017 (Commission File No. 000-55394)).
   
Exhibit 9
Compensation Payment Agreement, dated as of March 31, 2017, by and among Hospitality Investors Trust, Inc., Lowell G. Baron, Bruce G. Wiles and BSREP II Hospitality II Board LLC (incorporated by reference to Exhibit 10.22 of the Issuer’s Current Report on Form 8-K filed on March 31, 2017 (Commission File No. 000-55394)).
   
Exhibit 10
Joint Filing Agreement (incorporated by reference to Exhibit 10 of the Issuer’s Current Report on Form 8-K filed on March 31, 2017 (Commission File No. 000-55394)).
   
Exhibit 11
First Follow-On Funding Notice dated as of January 12, 2018, by and among Hospitality Investors Trust Operating Partnership, L.P. and Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC (incorporated by reference to Exhibit 11 of the Issuer’s Schedule 13D/A filed on February 28, 2018 (Commission File No. 000-89944)).
   
Joint Filing Agreement (filed herewith).


Page 31 of 31 Pages