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Carey Watermark 1 Board of Directors

Robert E. Parsons, Jr.

Chairman of the Audit Committee and Board Member

Mr. Parsons is the Executive Vice President and Chief Financial Officer of Exclusive Resorts, LLC, the preeminent destination club.  He joined the company in 2004 from his position as Managing Director at Wasatch Investments, a privately held consulting and investment firm.  Prior to that he worked for Marriott Corporation, where he was chief financial officer from 1995 to 2002.  Before becoming CFO, he worked in various strategic planning and treasury capacities at the company, including as treasurer of Host Marriott Corporation, a company with over $9 billion in total lodging assets.  Mr. Parsons served as an independent director of CNL Hotels & Resorts, Inc. from 2003 to April 2007, where he was the lead independent director and chaired the audit committee. He also served as chairman of the Hotel Development Council of the Urban Land Institute and as a member of the National Advisory Counsel of the Graduate School of Management at Brigham Young University. Mr. Parsons received his M.B.A. from Brigham Young University and earned his bachelor’s degree from the same alma mater in Accounting.