| Name of Subsidiary | Ownership | State or Country of Incorporation | ||||||||||||
| Arlington 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| Atlanta Midtown Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Atlanta Peachtree 2 Hotel Mezzanine Operator, LLC | 100 | % | Delaware | |||||||||||
| Atlanta Peachtree 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| Austin Capitol Hotel Operator, Inc. | 80 | % | Delaware | |||||||||||
| Austin CBD Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Bellevue 2 Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Charlotte 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| Chelsea Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Chicago Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| CWI 2 Arlington Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Atlanta Peachtree Hotel Mezzanine Borrower, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Atlanta Peachtree Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Bellevue Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Charlotte Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Charlotte Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI 2 Denver Downtown Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| CWI 2 La Jolla Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 La Jolla Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI 2 OP, LP | 100 | % | Delaware | |||||||||||
| CWI 2 San Francisco Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 San Francisco Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI 2 San Jose Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 San Jose Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI 2 Santa Barbara Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Santa Barbara Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI 2 Santa Barbara Mezz GP, LLC | 100 | % | Delaware | |||||||||||
| CWI 2 Santa Barbara Mezz LP | 100 | % | Delaware | |||||||||||
| CWI Acquisition TRS LLC | 100 | % | Delaware | |||||||||||
| CWI Atlanta Midtown Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Atlanta Perimeter Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Austin Capitol Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Austin Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Chelsea Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Chicago Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Dallas Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI Dallas Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI Denver CBD Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Fort Lauderdale Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Kansas City Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Key Biscayne Hotel, LLC | 100 | % | Delaware | |||||||||||
| Name of Subsidiary | Ownership | State or Country of Incorporation | ||||||||||||
| CWI Keys Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Lake Arrowhead Resort, LLC | 100 | % | Delaware | |||||||||||
| CWI Manchester Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Minneapolis Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Mission Valley Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Nashville Downtown Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Nashville Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI NC TRS, Inc. | 100 | % | Delaware | |||||||||||
| CWI New Orleans CBD Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI New Orleans Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI OP, LP | 100 | % | Delaware | |||||||||||
| CWI Pasadena Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI Pasadena Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI Philadelphia Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI Philadelphia Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Raleigh Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Sanderling Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI Santa Barbara Hotel GP, LLC | 100 | % | Delaware | |||||||||||
| CWI Santa Barbara Hotel, LP | 100 | % | Delaware | |||||||||||
| CWI Sawgrass Holdings, LLC | 100 | % | Delaware | |||||||||||
| CWI Sawgrass Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI SE Hotel Portfolio, LLC | 100 | % | Delaware | |||||||||||
| CWI Shadyside Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Sonoma Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI Times Square Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI-Fairmont Sonoma Hotel, LLC | 100 | % | Delaware | |||||||||||
| CWI-GG RCFL Hotel, LLC | 70 | % | Delaware | |||||||||||
| CWI-GG RCFL Property Owner, LLC | 70 | % | Delaware | |||||||||||
| CWI-HRI French Quarter Hotel Property, LLC | 80 | % | Delaware | |||||||||||
| CWI-HRI New Orleans CBD Hotel, LLC | 88 | % | Delaware | |||||||||||
| CWI-JMI Austin Capitol Hotel, LLC | 80 | % | Delaware | |||||||||||
| CWI-Pacific Lake Arrowhead Resort, LLC | 97 | % | Delaware | |||||||||||
| Dallas Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Denver CBD Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Denver Downtown 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| Fort Lauderdale Hotel Operator, Inc. | 70 | % | Delaware | |||||||||||
| French Quarter Hotel Operator, Inc. | 80 | % | Delaware | |||||||||||
| GB Key Biscayne Holdings, LLC | 66 | % | Delaware | |||||||||||
| GB/JT Hotel Partners, L.P. | 66 | % | Delaware | |||||||||||
| GB/JT Management, LLC | 66 | % | Delaware | |||||||||||
| Kansas City Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Key Biscayne Finance, LLC | 100 | % | Delaware | |||||||||||
| Key Biscayne Hotel Operator, Inc. | 66 | % | Delaware | |||||||||||
| Keys Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| La Jolla 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| Name of Subsidiary | Ownership | State or Country of Incorporation | ||||||||||||
| Lake Arrowhead Resort Operator, Inc. | 97 | % | Delaware | |||||||||||
| Manchester Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Minneapolis Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Mission Valley Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Nashville Downtown 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| Nashville Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| New Orleans CBD Hotel Operator, Inc. | 88 | % | Delaware | |||||||||||
| Pasadena Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Philadelphia Hospitality Partners, L.P. | 60 | % | Delaware | |||||||||||
| Philadelphia Hotel Operator, Inc. | 60 | % | Delaware | |||||||||||
| Raleigh Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| San Francisco 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| San Jose 2 Hotel Operator, LLC | 100 | % | Delaware | |||||||||||
| SAND PHP LLC | 59 | % | Pennsylvania | |||||||||||
| Sanderling Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Santa Barbara Hotel Operator, Inc. | 40 | % | Delaware | |||||||||||
| Sawgrass Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Shadyside Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Sonoma Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||
| Times Square Hotel Operator, Inc. | 100 | % | Delaware | |||||||||||