Hotels & Resorts

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" height=82 BGCOLOR="#000000" TEXT="#F7F7FF"> <div> <B>Ponder & Ponder, Architects</B></div> <div> <B>  </B><FONT SIZE="4" COLOR="#FFFFFF" FACE="Arial" ><A HREF="ppa.htm" TARGET="_top" TITLE="Ponder Ponder, Architects "><U><B>HOME </B></U></A></FONT></div> <bR> <div> </div> </td> </tr><tr> <td valign="top" height=398 BGCOLOR="#000000" TEXT="#F7F7FF"> <div> <B>Hotels & Resorts</B></div> <bR> <div> <B> <TABLE BORDER="1" CELLPADDING="2" CELLSPACING="1" WIDTH="1065" BORDERCOLORLIGHT="#BF0000" BORDERCOLORDARK="#BF0000" FRAME="HSIDES" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 270 ><NOBR><bR> <div> <A HREF="id8.htm" TARGET="_top" TITLE="SPRINGHILL SUITES"><U><B><U><IMG SRC="a31178d0.jpg" border=0 width="279" height="141" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></B></U></A></div> <div> <A HREF="id8.htm" TARGET="_top" TITLE="SPRINGHILL SUITES"><U><B>Spring</B></U></A><A HREF="id8.htm" TARGET="_top" TITLE="SPRINGHILL SUITES"><U><B>Hill Suites</B></U></A></div> <div> <B>Westminster, CO</B></div> <div> <B>Nahville, TN</B></div> <div> <B>Gaithersburg, MD</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="345"><bR> <div> <A HREF="id9.htm" TARGET="_top" TITLE="HILTON GARDEN INN"><U><B><IMG SRC="9dace890.jpg" border=0 width="206" height="137" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></U></A></div> <div> <A HREF="id9.htm" TARGET="_top" TITLE="HILTON GARDEN INN"><U><B>Hilton Garden Inn  </B></U></A></div> <div> <B>Houston, TX</B></div> <div> <B>Nashville, TN</B></div> <div> <B>Hot Springs, AR</B></div> <div> <B>             </B></div> </tD> <tD VALIGN=TOP WIDTH="345"><bR> <div> <A HREF="id32.htm" TARGET="_top" TITLE="AMERISUITES"><U><B><IMG SRC="9ddaf850.jpg" border=0 width="175" height="133" ALIGN="BOTTOM" HSPACE="10" VSPACE="10"></B></U></A></div> <div> <A HREF="id32.htm" TARGET="_top" TITLE="AMERISUITES"><U><B>Amerisuites</B></U></A></div> <div> <B>Fairfax Co, VA</B></div> <div> <B>Mt. Laurel,NJ </B></div> <div> <B>Utica, MI</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 241 WIDTH="355"><bR> <div> <A HREF="id65.htm" TARGET="_top" TITLE="RESIDENCE INN"><U><B><IMG SRC="453a47e0.jpg" border=0 width="164" height="126" ALIGN="BOTTOM" HSPACE="10" VSPACE="10"></B></U></A></div> <div> <A HREF="id65.htm" TARGET="_top" TITLE="RESIDENCE INN"><U><B>Residence Inn</B></U></A></div> <div> <B>Nashville, TN</B></div> <bR> </tD> <tD VALIGN=TOP WIDTH="345"><bR> <div> <A HREF="id66.htm" TARGET="_top" TITLE="HOMEWOOD SUITES"><U><B><IMG SRC="a16c98d0.jpg" border=0 width="201" height="141" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></U></A></div> <div> <A HREF="id66.htm" TARGET="_top" TITLE="HOMEWOOD SUITES"><U><B>Homewood Suites</B></U></A></div> <div> <B>Atlanta, GA</B></div> <div> <B>Birmingham, AL</B></div> </tD> <tD VALIGN=TOP WIDTH="345"><bR> <div> <A HREF="id55.htm" TARGET="_top" TITLE="Hotel FlamencoCosta Esmerelda, Costa Ric"><U><B><IMG SRC="67dbf710.jpg" border=0 width="191" height="113" ALIGN="BOTTOM" HSPACE="10" VSPACE="10"></B></U></A></div> <div> <A HREF="id55.htm" TARGET="_top" TITLE="Hotel FlamencoCosta Esmerelda, Costa Ric"><U><B>Hotel Flamenco</B></U></A></div> <div> <B>Resort Hotel</B></div> <div> <B>Guanacaste, Costa Rica</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 197 ><NOBR><bR> <div> <A HREF="id78.htm" TARGET="_top" TITLE="THE CRIMSON"><U><B><U><IMG SRC="87b46460.jpg" border=0 width="326" height="70" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></B></U></A></div> <bR> <bR> <div> <A HREF="id78.htm" TARGET="_top" TITLE="THE CRIMSON"><U><B>The Crimson</B></U></A></div> <div> <B>Pullman, WA</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><bR> <div> <A HREF="id89.htm" TARGET="_top" TITLE="The Inn at the Unversity"><U><B><U><IMG SRC="87549420.jpg" border=0 width="329" height="66" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></B></U></A></div> <bR> <bR> <div> <A HREF="id89.htm" TARGET="_top" TITLE="The Inn at the Unversity"><U><B>The Inn at the Unversity</B></U></A></div> <div> <B>Prototype Design</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="345"><bR> <div> <A HREF="id79.htm" TARGET="_top" TITLE="Star Hotel"><U><B><U><IMG SRC="838c8640.jpg" border=0 width="200" height="100" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></B></U></A></div> <bR> <div> <A HREF="id79.htm" TARGET="_top" TITLE="Star Hotel"><U><B>Star Hotel</B></U></A></div> <div> <B>Dallas, TX</B></div> </tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="459" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 34 WIDTH="453"><div> <A HREF="id28.htm" TARGET="_top" TITLE="SERVICES"><U><B><<<<</B></U></A><B>  </B><B>        </B><A HREF="id8.htm" TARGET="_top" TITLE="SPRINGHILL SUITES"><U><B>>>>></B></U></A></div> </tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="484" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="478"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="478" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 ><NOBR><div> copyright 2005 Ponder & Ponder, Architects-All Rights Reserved</div> </NOBR></tD> </tR> </TABLE></B></div> <bR> </td> </tr></table></body>