M.S. Walker Companies: we are a Texas and California Design Build General Contractor with a Hotel/Hospitality Division. Give us a call or view our website.

1. Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n
Hotel Division
P ro g ra m

2. Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n
M.S. Walker M.S. Walker
Architectural & Engineering Services, Inc. Construction Services, Inc.
Due Diligence Constructability Reviews
Land Planning Value Engineering Reviews
Civil Engineering Construction Cost Estimates
Surveying & Mapping P r o j e c t
Y o u r To t a l Management Solution
Construction Schedules
Architectural Design Construction Documentation
Architectural Construction Documents On-Site Construction Supervision
Entitlements Bid Documentation & Management
LEED Certified Quality Control
Project Job Costing & Accounting
Walker Booth WW Pipe & Steel
General Engineering, Inc. Fabrication, Inc.
Grading Structural Steel Fab & Erection
Paving Steel Columns
Site Concrete Joist & Deck
Structural Concrete Rolled Pieces
Parking Garages Stair Systems
Site Utilities Steel Moment Frames
Sack & Patch Los Angeles City Approved
M.S. Walker & Associates, LLC
Structured Financing
Loan Packaging
Debt/Equity Sourcing
Property Management
Asset Management
Western Realty Advisors, LP
Land Acquisition
Brokerage Services
Agency Representation
Consulting
Investment Sales and Acquisition
Real Estate Joint Ventures

3. Imagine a Company who can manage your entire project from concept to completion.
Welcome to M.S. Walker Companies, Incorporated.
About Us
MSW is one of the leading design/build firms with a reputation gained through innovation, dedication and a passion for excellence
as the premier provider of a broad range of comprehensive construction services uniquely tailored for the hospitality industry.
Whether you need renovations or brand new facilities, MSW is prepared to meet clients’ needs with individualized service to meet
the needs of all clients from independent owners to franchisees and corporate ownership including:
• Market Evaluation, Early Stage Planning, & Financial Modeling
• Real Estate Acquisition/Site Analysis
• Due Diligence/Investigation/Site Assessment
• Land Planning/Entitlements
• Civil Engineering/Architecture/MEP/Structural
• Construction Budgeting and Estimating/Value Engineering
• Capital Structuring, Loan Packaging, Equity/Debt Sourcing
• Construction and OFI/FF&E Purchasing & Installation
• Project Turnover/Project Closeout
MSW recognizes that each project is
unique, and the path to meeting tough
deadlines and budgets is never a predeter-
mined route. It takes experience, insight
and ingenuity to devise a customized
solution to meet the particular needs of
each client.
Our Mission
Our goal is to bring hotel clients new
and unexpected value to the construction
process and be recognized as the leading
full-service provider of quality, value-
driven Design-Build General Contract-
ing, Construction Management and Real Estate Development services we call Total Quality Management.
Our Culture
Our culture is based on a set of core values which determine the way we do business and are:
Integrity–Dependability–Teamwork–Innovation–Excellence - Passion
MSW Strategy For Success
Sustainable Client Relationships – We strive to build and improve Customer Relationships. At MSW, we always treat our clients’
money as if it were our own.
Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n

4. Bakersfield, California (June 2004) - The Hil-
ton Garden Inn Bakersfield 120 Deluxe guest
rooms hotel is only minutes from downtown
Bakersfield, California and the Bakersfield Air-
port, near the intersection of California High-
way 99 and Rosedale Highway. Buck Owens
Crystal Palace, golf courses, tennis, jogging
and hiking trails are nearby. Restaurants and
Costco shopping are within walking distance.
The hotel also features a pool, restaurant, fit-
ness room, and Internet access.
Our strategy of Total Quality Management or TQM is a contracting method we use to direct work from pre-design through post-
construction. As Total Quality Managers, we function as an extension of the Owner’s staff and oversee work in the following areas:
• Feasibility studies ‘‘You are doing, and have been doing, everything perfectly, the way Hilton
• Concept Development likes to see things done. ...I will strongly recommend MS Walker to future
• Programming franchisees as a contractor/design-build organization that is responsive to
• Design Management Hilton's needs.’’
• Cost Management - George Snode, AIA, ASID
• Construction Director-Franchise Design & Construction
• Commissioning Hilton Hotels Corporation-Franchise Hotel Group
• Close-out
Our project team members of real estate professionals, architects, engineers, project managers, purchasing agents, expeditors and job
cost control specialists constantly monitor the process in order to deliver your project on time and on budget. Our vast support net-
work of qualified vendors and subcontractors recognize the need for teamwork and establishing long-term relationships.
At MSW, we recognize the important role subcontractors play on our projects and the impact they have on our success and treat every-
one with whom we do business fairly and honestly. Our Fairness Doctrine sets forth fair and ethical treatment of subcontractors, safety
practices, prompt payment practices, project management, project supervision, quality management, spirit of teamwork, scheduling
coordination, ability to effectively communicate, timely administration procedures, and ability to provide a work environment critical
to their success.
MSW clients benefit from our Master Subcontractor list of approved subs who have met stringent requirements to have their name
added to the list, and agree in advance to Master Subcontract Terms & Conditions in order to be ready to enter into Work Order
agreements without wasting time on potentially time consuming negotiations, when they could be in the field doing what we do best….
building.
Our ability to self-perform critical portions of work and our wide range of experience allows for dependable delivery and consistent
quality. Our in-house services include concrete work and structural steel fabrication through our affiliates Walker Booth General En-
gineering and WW Pipe & Steel.
Highland, California, (August 2008) – M.S. Walker Companies,
Inc., Victoria Development (San Manuel Band of Serrano Mission
Indians) /Faithful and Gould, today announced the opening of the
110-room Hampton Inn & Suites Highland at 27959 Highland Av-
enue, Highland, California. The hotel features full service hospital-
ity perfect mix guest suites, pool/spa-exercise room, and accessible
rooms.
Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n

5. Fresno, California (February 2008)
– M.S. Walker Companies, Inc and
OTO Hospitality Development
Company, California today an-
nounced the opening of the Spring-
hill Suites by Marriott at 6844 North
Fresno Street, Fresno. The facility fea-
tures 4 floors, 118 suites, 2 meeting
rooms, and 1,600 sq ft of total meet-
ing space.
Bakersfield, California, (July 2008) – M.S. Walker
Companies, Inc and Grand Shangrila International,
California today announced the opening of the Holi-
day Inn Express by IHG at 3927 Marriot Drive, Ba-
kersfield, CA. Hotel features restaurant, lounge, pool,
on site fitness center. The Hotel’s facility includes 4
Floor(s), 120 Guest Room(s), 26 Suite(s), 65 Single-
Bedded Room(s), 55 Double-Bedded Room(s), 120
Non-Smoking Room(s), Interior Corridor, and Ex-
ecutive Suites. Hotel renovated in 2008.
Tulare, California (April 2007)
69 well-appointed guest rooms-27
of which are suites. Enjoy such
modern conveniences as 27 inch
televisions, cable TV with premium
channels, refrigerator, microwave,
voice mail and complimentary
high-speed wireless Internet access.
Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n

6. Fresno, California (January 2008)
M.S. Walker Companies, Inc and
OTO Hospitality Development Com-
pany, California today announced the
opening of the 120-room Homewood
Suites by Hilton at 6820 North Fresno
Street, Fresno. The Homewood Suites
hotel offers guests a variety of options
including studio, one-bedroom and
two-bedroom suite floor plans. The
suites are ideal for temporary housing
as well as overnight accommodations
while in the Fresno area. Each suite
offers a range of home comforts for
your convenience.
MSW Technology Advantage
Clear, Accurate, Efficient Communications though a Web-Based Integrated Platform which is seamless and constant both inside and
outside the company with alerts to keep us informed of critical items in time to react before they become major problems. Seamless
Integrated Command and Control Platform designed to capture and present real-time data essential for effective Risk Management.
Your team has secure, 24/7 access to real-time reporting as related to your project.
Our clients benefit from an Integrated Total Quality Management Program with the goal of zero defects through the entire project
starting with the initial contact for a proposal through design, development, construction, occupancy and final warranty closeout.
Real Estate/Acquisition/Site Analysis
M.S. Walker Companies’ Real Estate Division is uniquely positioned to provide the advice and services required through our expertise
as a builder, developer and owner of hotels as well as our networking with leading commercial brokers throughout the western United
States. Our clients look to us for advice and execution on everything from site acquisition, valuations and financing advice to asset
management, market and feasibility studies, operator selection to hotel investment sales.
Our clients span the hospitality spectrum from luxury single assets and portfolio owner/operators to select and/or limited service and
budget hotels. We are continually challenged, trusted and engaged to deliver integrated hotel services, helping our clients to achieve
continuous success in an increasingly complicated and transforming world.
Paso Robles, California (summer
2007) La Bellasera Hotel & Suites be-
came the first luxury boutique hotel in
Paso Robles, California. Located in the
heart of California’s Central coast wine
region, La Bellasera is a 60 room full
service luxury boutique and spa resort.
Set amidst a scenic backdrop of gen-
tly rolling hills flourishing with wine
grapes of unparalleled beauty. La Bel-
lasera is located in California approxi-
mately halfway between San Francisco
and Los Angeles.
Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n

7. Bakersfield, California - (August 2005)
This 80 unit hotel was designed especially
for longer stays with studios featuring ful-
ly-equipped kitchens and plenty of work
space… amenities you won’t find in a typ-
ical hotel room. The studios provide the
comforts and conveniences that long-term
travelers value most, including kitchens
with full-size appliances, computer data
ports and separate sleeping, living and
working areas.
Financing
One of the areas in which M.S. Walker Companies is able to differentiate from others is our ability to assist in project financing advi-
sory services. We have various methods of providing support in this area depending on the needs of our client. As is the case in all facets
of M.S. Walker, our clients can choose from a list of services depending on their needs. We can assist in packaging a financing request
complete with pro forma analysis, project information, sponsorship information, and presentation materials. We can follow up with
support in the lender negotiations and provide additional documentation and communication as needed to attain the most attractive
terms possible.
Utilizing our extensive database of lenders, we are continually in contact to determine which firms are aggressive in the marketplace
providing the best terms available. Our contacts include traditional lenders who provide conventional financing as well as sources for
mezzanine debt products, equity and non-traditional financing needs. When special circumstances arise, such as the need for complex
financial products or critical path timing, we can enlist our group of outside structured finance partners. Typically they will charge a
fee to package, submit and negotiate the best terms and conditions possible. The firms we use are well respected in the marketplace and
have a proven track record of completing transactions and closing loans.
In summary, M.S. Walker can assist in the project financing process at many different levels depending on our clients’ needs. We are
able to utilize our executive level management team to engage in discussions to determine the client’s needs and to recommend an ap-
proach to achieve success to this end.
Construction Estimating
M.S. Walker Companies employs a staff of qualified estimators who specialize in construction cost estimating. Our team provides
clients with detailed budgets and pricing from a construction project’s conception phase to closeout. Our estimating staff maintains
databases of historical and current local and national construction and engineering cost figures, along with vendors. We are equipped to
prepare estimates at various stages throughout the construction process for projects around the country. By identifying and analyzing
the project’s scope, time, cost, quality, and performance, M.S. Walker Companies develops an accurate assessment of how the construc-
tion process is unfolding over the course of its duration.
With our methodical, yet practical approach M.S. Walker Companies construction bid estimates include market-factored pricing,
and scheduling services. In our continual effort to provide the most accurate cost estimating services, we utilize the most cutting edge
software and cost indexes. In addition, our estimating expertise qualifies us to evaluate and analyze submitted bids for possible errors
or shortcomings.
All current Value Place hotels are four stories tall. There
are three primary building models: one with 108 rooms;
one with 116; and the other with 124. The building sizes
are 40,192 sq. feet, 42,564 sq. feet, and 44,936 respec-
tively. There are three room plans: a 264 sq. foot studio;
a 319 sq. foot studio sleeper; and a 319 sq. foot studio
double. Renderings of our buildings and studios are avail-
able on ValuePlace.com
Value Place Corporate Fact Sheet

8. M.S. Walker’s Architecture & Engineering Approach
Due Diligence Investigation/Site Assessment
M.S. Walker Companies’ extensive experience in providing a comprehensive package of pre-design services presents the client
with critical information unique to the site at the very onset. During this phase, we contact local/state authorities and local utility
companies having jurisdiction to obtain the required information necessary to produce a standardized preliminary site assessment
report which can be utilized by the development team. This report normally includes the items described below, as well as meeting
with City Officials to determine local development requirements, codes and zoning issues that may impact construction costs.
1. Introduction
2. Site Description
3. Site Survey
4. Utilites
5. Development Issues
6. Transportation
7. Drainage
8. Environmental
9. Exhibits
Land Planning/Entitlements
Our planners are experienced in providing a full range of planning services as well as entitlement processing. Our step by step ap-
proach to the project provides the client with constant project updates and coordination, thereby assuring the level of communica-
tion vital to the success of any project.
Our initial project planning approach is to determine the project type and needs relative to the entitlement and local agency re-
quirements, planning and approval process i.e., Site Plan reviews, Tentative Map, C.U.P., etc. We coordinate with the client relative
to project and client needs, provide preliminary project design to appropriate agency standards including preliminary architectural
and civil concept plans. Our team will assess the site and its existing conditions and will provide site layout based on the owners
requirements to optimize the site for the most efficient plan that will meet the owners, city and franchise requirements. The site will
show proper flow and correct parking requirements and all necessary utilities to the operation of the hotel. Once the owner has
approved the design we will submit, process, and track all submittals for the planning process to obtain city approval to proceed to
the next phase.
We then provide initial in-house project setup for projects relative to planning and entitlements and provide findings for imple-
mentation into entitlement application. We will attend agency meetings and public hearings as well as coordinate and meet with
clients as necessary for project success. After initial project approval, we coordinate with client and design department managers to
affect proper implementation of intended design.
Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n

9. Architecture/Civil Engineering
M.S. Walker Companies employs a fully equipped staff of in-house licensed architects, civil engineers and land surveyors. Building
upon our reputation for excellence in the hotel industry, our in-depth architectural experience in prototypical plan adaptation and
Code/ADA compliance provides our clients with architectural services unmatched in the industry. Our team-driven approach al-
lows us to oversee every aspect down to the last detail. M.S. Walker Companies will design the interior space plan based on the code
and franchise requirements. A typical list of services we provide are as follows:
• Prototypical plan adaptation
• Code and ADA compliance
• High-speed internet access infrastructure
• Franchise submittals
• Building Department Submittal
• FF&E (provided as an extra service)
• Project team coordination meetings
• Complete tracking of progress of submittal through Plan review and bidding
• Value-engineering reviews
• Bid package preparation
• Addendum issuing
• RFI processing
• Site visits to monitor progress of construction
• Sign code analysis
Our civil engineering department has over half a century of experience in all phases of land development ranging in projects from
a single family custom homes, to 12,000 acre master planned mixed use communities involving in excess of 100 million cubic yards
of earth movement, to commercial/industrial parks, large and small shopping centers, public and private educational and health
care facilities, hotels, churches, cemeteries, and institutional work on the behalf of governing agencies. We offer survey services from
ALTA surveys to construction staking. We also provide an array of public works design services for roadways, sewer and storm drain
systems, hydrology and hydraulic studies, and general value engineering analysis. Our step by step approach to the project provides
the client with constant project updates and coordination, thereby assuring the level of communication vital to the success of any
project.
Why MSW
A successful construction project is ultimately the result of involvement by capable, experienced people. We have a talented and
skilled staff, the technological and financial resources to deliver maximum quality and value in a process which emphasizes coordi-
nation, teamwork and economic responsibility. We have earned a reputation for integrity, responsive delivery, enduring quality and
value. This is a tribute to our people and those with whom we work. Our values and principals have served us well - we are committed
to providing the finest possible service to our clients. Consider the advantages of having M.S. Walker Companies provide an inte-
grated TQM delivery approach on your next project.
Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n

10. Y o u r To t a l P r o j e c t M a n a g e m e n t S o l u t i o n Partial Project List
Hilton Garden Inn Bakersfield, California
Springhill Suites Hotel Bakersfield, California
La Bellasera Suites & Spa Paso Robles, California
Value Place Hotel Fresno, California
Hampton Inn & Suites Burbank, California
Hampton Inn & Suites Chino Hills, California
Hampton Inn & Suites Tulare, California
Holiday Inn Express Castaic, California
Homewood Suites Clovis, California
Hampton Inn & Suites Clovis, California
Springhill Suites Fresno, California
Holiday Inn Bakersfield, California
Homewood Suites Fresno, Caliornia
Residence Inn Long Beach & Multiple Locations, California*
Holiday Inn Downtown, Dallas, Texas*
Candlewoood Suites Anahiem, California*
Holiday Inn Denton & Multiple Locations, Texas*
River Ridge Radisson Resort Oxnard, California*
Harvey Hotel Irving, Texas*
Bristol Suites Mesquite, Texas*
American Guest House San Antonio, Texas*
Holiday Inn El Paso, Texas*
Residence Inn Manhattan Beach, California*
Residence Inn Las Vegas, Nevada*
Hampton Inn & Suites Paso Robles, California*
Courtyard by Marriot Bakersfield, California*
Baymont Inn & Suites Ontario, California*
* Projects completed by MSW employees under prior employment
The total solution to your development, construction & project management needs.
CALIFORNIA TEXAS
3551 Pegasus Drive Bakersfield, California 93308 300 Beardsley Lane Austin, Texas 78746
Phone (661)399-3800 ~ Fax (661)399-5800 Phone (512)794-3800 ~ Fax (512)794-3801
1-866-MSWALKER (679-2553) info@mswalkerinc.com ~ www.mswalkerinc.com
California License #580574 ~ Arizona License #166479