Neil LaBatte

Early life

"There aren’t too many people you encounter whom you can confidently call legendary and without doubt, Mr. Labatte fits the bill. Neil has been in the real estate industry for over 30 years and is the founder of Global Dimension Capital, Inc., a hotel and real estate advisor formed in 2007 for the purpose of investing capital in hotel and real estate acquisitions and developments.

Neil's hockey career started out by the unusual route of first playing in the ECAC and Brown University and then in the OHA for the Toronto Marlboros. While playing for Brown University he quickly showed a willingness to throw big hits despite not being much of a heavyweight.

The scouting report on him was positive: "Can play either forward or defense...good skater...excellent puck handler...takes man extremely well... throws weight around...likes physical parts of the game...aggressive. "

After the 1977 training camp St.Louis assigned Neil to their farm team in Salt Lake (CHL). He had a solid first season in Salt Lake.The following season (1978–79) Neil got his chance in the NHL. In 1980-81 he was voted as Salt Lake's most valuable defenseman. But he also suffered from a serious shoulder injury that required two shoulder operations.Unfortunately his shoulder never got good. He had to retire too young as many other players. But clearly he has done quite well for himself off the ice. He returned to school to get his degree in finance before embarking on his lucrative real estate career in 1981.

"To have a successful career," he advises, "you have to plan where you want to be in the future, visualize what that looks like and then figure out what skills you need to build in order to get to that level. Is it a sales skill or a finance skill? Is it an ability to be confident and to market yourself? You’re always selling yourself and your skills."

Founder

January 2008 – Present

Global Dimension Capital, Inc. is a hotel real estate advisor formed for the purpose of investing capital in hotel acquisitions and development.

Board Director and Advisor

June 2013 – Present

TRIOVEST is a fully integrated commercial real estate advisory and capital firm. Our approach to commercial real estate investment and management is to continually seek opportunities to improve and enhance properties to achieve their full potential.

Our private equity platform, Triovest Capital, manages investment vehicles across the risk spectrum on behalf of investors and strategic partners. Triovest Realty Advisors provides strategic investment and property management services for income properties on behalf of institutional and private investors.

Triovest combines the strategic insight, range of service offerings and specialized capabilities that come from managing a Canada-wide portfolio of top-quality commercial real estate with the agility and local market expertise of a regionally focused boutique firm. For the firm’s clients, this best-of-both-worlds situation is supported by Triovest’s total commitment to service excellence and a well-earned reputation for value creation and superior returns.

Board of Director

April 2015 – Present

Alpha Peak Leisure Inc. Total Wonder Enterprise Limited, engages in operating and developing a Swallow Gully scenic area, a tourist attraction site in Sichuan province, the Peoples Republic of China. The company is based in Richmond, Canada.

President & CEO

June 2013 - Jun 2017

Trump International Hotel and Residences in Toronto. As CEO I have direct responsibility for the hotel and residences in the $400 million plus valued project. And also manage the $14 million dollar a year Food and Beverage Operation.

Investor

July 2013 - 2015

Holloway is a public hotel REIT listed on the TSX. To date my role is an investor acting in concert with the controlling shareholder.

Board of Directors and an Investor

2013 - 2015

Pomeroy is the premier hotel management and ownership company in northern Alberta. I am on the Board of Directors and an Investor.

Co-Chairman of NHL Alumni

2016 - 2017

In November 1999, the NHL Alumni Association was established as an independent association, by amalgamating two Alumni groups formed by the National Hockey League and NHL Players’ Association. The Alumni Association’s ties to both the NHLPA and NHL remain strong.

The NHL Alumni is a non-profit organization, which serves as a liaison for 28 local alumni groups. The Association has adopted the motto of “Hockey’s Greatest Family”, providing programs and assistance for all retired NHL players, including career transition with the BreakAway Program. We maintain a database of approximately 3,400 retired players and keep them updated in our efforts through the production of a newsletter. Whether a retired player played one game or over 1,000, just over 5,300 players have ever played in the NHL of which approximately 3,400 are currently living and 1,600 are currently registered and active with our association.

Our organization continues to grow with the development of new marketing and licensing initiatives featuring the NHL Alumni and our members. The NHL Alumni, local alumni associations and our members continue to be active in local communities, assisting in fundraising efforts that collectively raise more than $7 million annually for a wide range of charitable causes.

Board of Directors and Chair of Investment Committee

2013 - 2014 (2 years)

HealthLease Properties Real Estate Investment Trust is a Canada-based open-ended real estate investment company. It operates in three segments: seniors housing triple-net, seniors housing operating, and medical facilities. It owns the land and buildings, and leases them to operators on a long-term, triple-net lease basis. Its seniors housing triple-net properties include independent living facilities, continuing care retirement communities, assisted living facilities, care homes with and without nursing, Alzheimer’s/dementia facilities, skilled nursing/post-acute facilities and combinations thereof. Its senior housing operating property includes independent supportive living facilities. Its medical facilities include medical office buildings, hospitals and life science facilities. In May 2014, the Company acquired a senior housing and care portfolio, Smith Packet III. In July 2014, it acquired senior care facility in High River, Alberta from Continuum Healthcare Holdings, Ltd.

Board Director

April 2010 - August 2013 (3 years 5 months)

MYWAY Concierge, Inc an integrated travel, concierge, and relationship company focused on building profitable relationships and experiences between North America and China.

President & CEO at Legacy Hotels Real Estate Investment Trust

1997 - 2007 (11 years)

Legacy was Canada’s largest publicly traded hotel Real Estate Investment Trust and the 5th largest of over

20 REITs traded on the TSX. Legacy’s hotel portfolio consisted of over 10,700 rooms and 7,000 employees including both luxury and first class hotels located in resorts.

The role of CEO was assumed in 2004 with a mandate to 1) grow Legacy in asset base and number of hotels across North America in the First Class and Luxury sectors, 2) increase the financial performance of Legacy’s assets particularly in light of the post- SARS hospitality market, 3) increase Legacy’s strategic independence while managing the relationship with Fairmont Hotels & Resorts (Legacy’s largest shareholder), and 4) drive Legacy to be a top performer in respect of growth in unit holder value.

Selected Results:

Grew Legacy from 11 hotels in 1997 to 25 hotels in 2007 through my leadership with acquisitions from

Fairmont (4 hotels) and third parties (10 hotels). Unleveraged IRR for acquired hotels was 15%. Assets grew over 200% from CDN $900 million to CDN$1.9 billion Through operational focus and acquisitions grew Hotel EBITDA 73% from CDN$110 million to CDN$190 million. Capital improvements to the hotel portfolio totaled over CDN$450 million and equity and debt financing comprised CDN$1.1 billion and CDN$1.4 billion, respectively Developed full capabilities within Legacy in asset management, financial and capital markets and investor relations. Oversaw the successful completion of over 40 union labour negotiations Increased unit holder value by 100% from 2003 to 2007 (post SARS) to make it one of the highest performing REIT’s in North America from 2003 to 2007 as measured by unit price appreciation Led Legacy through a landmark privatization transaction based upon price achieved, size, complexity and timing of CDN$2.5 billion in September 2007

Member of Executive Committee (1998-2003)

Senior Vice President, Real Estate (2001-2003) at Fairmont Hotels & Resorts

1997 - 2003 (7 years)

As the Senior Executive responsible for growth of hotels under ownership and management in the US, Canada, and Internationally (with transactions in the US, Dubai, Abu Dhabi, Cairo, Cancun, Puerto Rico, Bermuda, Barbados, Mexico) and asset management of hotel investments and dispositions, my mandate was to grow Fairmont into a global hotel management and ownership company by 1) negotiating investment, acquisition, merger, and hotel management agreements, 2) develop internal hotel development and asset management capability to grow Fairmont into a global competitor, 3) increase the operating performance of Fairmont’s owned hotels, 4) improve the return on capital from its annual owned hotel renovation capital investment of over US $100 million, and 5) opportunistically sell assets to recycle capital.

Results:

Grew Fairmont from 26 hotels in 1997 to 83 hotels in 2004

Grew hotels rooms under management from 9,600 to 30,652 and revenues under management by 75% to US $2.1 billion

Oversaw capital improvements in the owned hotel portfolio totaling US$450 million

Developed new internal growth and asset management capabilities where none existed Negotiated

the sale of the Kea Lani hotel for US$355 million to Host Marriott REIT and Glitter Bay for US$30 million. Hotel management was retained by Fairmont under long-term management agreements

Shareholder value increased as a public company from 2001 to 2004 by over 90%

Vice President Acquisitions (1997 to 2000) at Fairmont Hotels and Resorts

November 1997 - December 2000 (3 years 2 months)

In 1997 Canadian Pacific Hotels was a privately held integrated but static hotel ownership and management

company with 26 hotels located in Canada. In 2005, after a privatization transition valued at US$3.3 billion, Fairmont was the largest luxury hotel operating company in North America with over 10,700 rooms in 83 hotels located in 8 countries with an EBITDA of approximately US$180 million. Of the total portfolio, Fairmont owned interests in 23 hotels.

EBITDA from hotel investments was US$160 million.

Principal AEW Mexico at AEW Capital Management

April 1993 - June 1997 (4 years 3 months)

Founder, partner, director, and officer of a private equity real estate investment management company formed for purposes of investing in Mexico. AEW Mexico was formed with one of the largest private equity institutional real estate investment management companies in the US, and the private equity arm of the largest independent institutional investment management company in the southwestern US.

The company was structured to invest US institutional private equity capital into joint ventures with Mexican developers and investors. The company successfully navigated the Mexican peso devaluation of 1994 and went on to generate significant return on capital for its investors. Projects included a luxury residential and condominium project in Mexico City, the resort and golf community at Punta Mita which is the home of the successful Four Seasons Punta Mita hotel, and acquisition of the largest Mexican luxury resort timeshare and hotel ownership company.

Principal

1989 - 1993 (5 years)

Armstrong was the predecessor to AEW Mexico Company. Sole Proprietorship formed to provide real estate consulting and investment banking services to real estate owners, investors, and lenders. Armstrong took advantage of the real estate recovery underway after the savings and loan debacle in Texas and US Southwest.

Vice President

1982 - 1989 (8 years)

Vice President for both consulting and investment practices. Wallace Associates provided national consulting, work-out and investment banking services to institutional owners and investors, and governmental agencies with respect to hotel and real estate assets. Activities consisted of providing on a national basis management and organizational consulting, real estate marketing, asset management, asset loan restructuring, financial institutions mergers and acquisitions, and development project management. Worked on over $40 billion of real estate works outs in support of the largest financial institution workouts and sales in the late 1980’s.

Professional Hockey Player

1977 - 1982 (6 years)

Played professional hockey in National Hockey League and Central Hockey League. Drafted by St. Louis Blues as the over-all 27th pick in 1976 NHL draft.

Education

University of Utah

Master’s Degree, Finance, 1987 - 1989

University of Utah

Bachelor's Degree, Finance, 1983 - 1986

Brown University

Mathematics Major, 1974 - 1976