After taking into account the challenges and opportunities at AHT, we assembled a slate that possesses the right mix of experience in real estate, finance, strategic transactions, turnarounds and corporate governance – all areas that will support the strategic plan ultimately prepared by our nominees. Our slate includes the following highly-qualified and independent individuals:

Richard Burns

Richard Burns is a highly-experienced public company executive and director with significant audit, governance and operational expertise. Mr. Burns enjoyed a long and successful career in telecommunications as an executive officer at Bellsouth Corporation and subsequently AT&T Inc. (NYSE: T). He also has extensive board experience with both public and private companies, including four successful publicly listed special purpose acquisition companies (“SPACs”) between 2013 and 2020 with Hennessey Capital I, II, III and IV, that brought four diverse companies to the public market. In all four iterations of Hennessy Capital, Mr. Burns was a founding investor and served on each of the SPACs’ Board of Directors and Audit Committee. He currently serves on the Governance and Compensation Committee of Georgia’s Own Credit Union, a consumer based retail and business banking enterprise. From 2008 to 2014, Mr. Burns served as a Senior Advisor for McKinsey & Co., a leading management consulting firm. He holds a Bachelor of Science and Masters Degree in Mechanical Engineering from the University of Louisville and a Masters in Business Administration from Vanderbilt University.

Shannon M. Johnson

Shannon M. Johnson has deep banking, finance and marketing expertise based on her several decades of experience at leading institutions. Ms. Johnson previously served as Group President of Financial Institutions for Cardlytics, Inc. (NASDAQ: CDLX) from February 2018 to May 2020. Prior to that, Ms. Johnson held multiple leadership roles at SunTrust Banks, Inc., an American bank and now subsidiary of Truist Financial Corporation (NYSE: TFC). Previously, Ms. Johnson served as an Executive Vice President for PNC Financial Services Group, Inc. (NYSE: PNC) from 2009 through 2013. Prior to that, Ms. Johnson served in a number of leadership roles at National City Corporation, a regional bank holding company that was acquired by PNC Financial Services Group. Earlier in her career, Ms. Johnson served as an Engagement Manager at McKinsey & Co., a leading management consulting firm, for five years. Ms. Johnson received her Bachelor of Arts in Chemistry and Environmental Studies from the University of Pennsylvania and her Masters of Business Administration from The Wharton School at the University of Pennsylvania.

William C. Miller, Jr.

William C. Miller, Jr. brings valuable strategic capital allocation and turnaround experience to the Cygnus slate. Mr. Miller has served as Chief Executive Officer of CRH Healthcare LLC, a leading operator of urgent care centers, since co-founding the company in 2012. Previously, Mr. Miller served as an operating partner and Managing Director at Arcapita Inc. (“Arcapita”), a middle-market, private equity firm, where he worked with management teams on strategic, operational, and performance issues across multiple industries, from 2006 to 2012. His professional experience at Arcapita included service on the Board of Directors of a number of companies that include J. Jill, Inc. (NYSE: JILL), Tensar Corporation and Yakima Products Inc. Prior to that, Mr. Miller served as President and Chief Operating Officer of BrightHouse, LLC from 2002 to 2005. Mr. Miller also served as a consultant at the Boston Consulting Group, Inc., a global management consulting firm, earlier in his career before serving in the U.S. Navy as a Nuclear Submarine Officer. Mr. Miller received a Degree in Systems Engineering from the U.S. Naval Academy and a Masters in Business Administration from the Harvard Business School.

Roderick W. Newton II

Roderick W. Newton II has an extensive background analyzing, navigating and investing in the real estate industry, with a focus on the resort and hospitality sectors. Mr. Newton has served as Partner at Resort Capital Partners, LLC, a real estate investment advisory firm focused on the resort and hospitality industries in select markets, since founding the firm in June 2009. Previously, Mr. Newton served in a number of roles at Wachovia Capital Markets LLC, an investment banking company and a subsidiary of Wachovia Corporation (formerly NYSE: WB), which was acquired by Wells Fargo & Company (NYSE: WFC), including serving as a Director and subsequently Managing Director, from 2003 to 2009. Prior to that, Mr. Newton served as a Vice President at First Union Corporation (formerly NYSE: FTU), a bank holding company, from 1999 to 2002. Mr. Newton received a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania and he received his Masters in Business Administration from the University of Chicago.

Christopher Swann

Christopher Swann brings deep real estate knowledge, extensive turnaround and workout expertise, and a much-needed ownership perspective to the Cygnus slate. Mr. Swann has served as President and Chief Executive Officer of Cygnus since 2013. Cygnus has successfully raised and deployed investment funds since 2011 that have focused exclusively on restructuring distressed commercial real estate and real estate backed debt. Previously, Mr. Swann served at SAC Capital Advisors LP, an investment management company, where he served as a Portfolio Manager, from 2008 to 2013. Prior to that, Mr. Swann served in a number of roles at GMT Capital Corporation, an investment management company, including serving as a senior analyst and then as a portfolio manager overseeing investments in technology companies as well as building out the firm’s investments in Asia, including establishing its Hong Kong office. Prior to that, Mr. Swann co-founded two software companies and also worked as an Associate at McKinsey & Co. in the Business Technology practices in Atlanta, Georgia and Germany. Mr. Swann received a Bachelor of Arts degree in Political Science and Public Policy from Duke University and he received a dual Masters in Business Administration and Masters of Arts in International Studies degree from The Wharton School of Business at the University of Pennsylvania.

We believe our director candidates’ collective backgrounds and highly-applicable skillsets represent the right solution at the right time for AHT. In stark contrast to the incumbent Board, which seems to be riddled with underperforming and underqualified directors closely linked to Mr. Bennett, our slate is comprised of individuals with demonstrated independence and diverse perspectives. It is equally important to underscore that Cygnus is aligned with fellow stockholders, as it appears we currently hold more common stock than all eight of the incumbent directors combined (despite being significantly diluted over the past five months).