SHO Sunstone Hotel Investors Inc

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

(Amendment No. )¹

 

Sunstone Hotel Investors, Inc.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

867892101

(CUSIP Number)

October 27, 2023

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐

Rule 13d-1(b)

☒

Rule 13d-1(c)

☐

Rule 13d-1(d)

 

 

1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

1

NAME OF REPORTING PERSON

TCDS I, LP

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

1,242,795

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

1,242,795

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,242,795

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

PN

  

	1		NAME OF REPORTING PERSON
				TCLS I, LP
	2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP															(a) ☒
																		(b) ☐
	3		SEC USE ONLY
	4		CITIZENSHIP OR PLACE OF ORGANIZATION
				Delaware
NUMBER OF				5		SOLE VOTING POWER
SHARES
BENEFICIALLY							- 0 -
OWNED BY				6		SHARED VOTING POWER
EACH
REPORTING							3,318,780
PERSON WITH				7		SOLE DISPOSITIVE POWER
							- 0 -
				8		SHARED DISPOSITIVE POWER
							3,318,780
	9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
				3,318,780
	10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES															☐
	11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
				1.6%
	12		TYPE OF REPORTING PERSON
				PN

  

 

1

NAME OF REPORTING PERSON

TCCS I, LP

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

1,012,451

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

1,012,451

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,012,451

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

PN

  

 

	1		NAME OF REPORTING PERSON
				TC GP, LLC
	2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP															(a) ☒
																		(b) ☐
	3		SEC USE ONLY
	4		CITIZENSHIP OR PLACE OF ORGANIZATION
				Delaware
NUMBER OF				5		SOLE VOTING POWER
SHARES
BENEFICIALLY							- 0 -
OWNED BY				6		SHARED VOTING POWER
EACH
REPORTING							5,574,026
PERSON WITH				7		SOLE DISPOSITIVE POWER
							- 0 -
				8		SHARED DISPOSITIVE POWER
							5,574,026
	9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
				5,574,026
	10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES															☐
	11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
				2.7%
	12		TYPE OF REPORTING PERSON
				OO

  

 

	1		NAME OF REPORTING PERSON
				Tarsadia Capital, LLC
	2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP															(a) ☒
																		(b) ☐
	3		SEC USE ONLY
	4		CITIZENSHIP OR PLACE OF ORGANIZATION
				Delaware
NUMBER OF				5		SOLE VOTING POWER
SHARES
BENEFICIALLY							- 0 -
OWNED BY				6		SHARED VOTING POWER
EACH
REPORTING							5,574,026
PERSON WITH				7		SOLE DISPOSITIVE POWER
							- 0 -
				8		SHARED DISPOSITIVE POWER
							5,574,026
	9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
				5,574,026
	10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES															☐
	11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
				2.7%
	12		TYPE OF REPORTING PERSON
				OO

  

 

	1		NAME OF REPORTING PERSON
				TUP Investments, L.P.
	2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP															(a) ☒
																		(b) ☐
	3		SEC USE ONLY
	4		CITIZENSHIP OR PLACE OF ORGANIZATION
				California
NUMBER OF				5		SOLE VOTING POWER
SHARES
BENEFICIALLY							- 0 -
OWNED BY				6		SHARED VOTING POWER
EACH
REPORTING							3,975,000
PERSON WITH				7		SOLE DISPOSITIVE POWER
							- 0 -
				8		SHARED DISPOSITIVE POWER
							3,975,000
	9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
				3,975,000
	10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES															☐
	11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
				1.9%
	12		TYPE OF REPORTING PERSON
				PN

  

 

1

NAME OF REPORTING PERSON

T-Twelve Holdings, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Nevada

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

400,000

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

400,000

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

400,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

OO

  

 

1

NAME OF REPORTING PERSON

TFC Manager, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Nevada

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

400,000

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

400,000

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

400,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

OO

  

 

1

NAME OF REPORTING PERSON

PSP Land LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

California

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

1,660,000

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

1,660,000

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,660,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

OO

  

 

1

NAME OF REPORTING PERSON

Cepheid Capital, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

1,660,000

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

1,660,000

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,660,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

OO

  

 

1

NAME OF REPORTING PERSON

UKA, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

California

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

1,600,000

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

1,600,000

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,600,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

PN

  

 

1

NAME OF REPORTING PERSON

BPP One, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒

(b) ☐

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

California

NUMBER OF

5

SOLE VOTING POWER

SHARES

BENEFICIALLY

- 0 -

OWNED BY

6

SHARED VOTING POWER

EACH

REPORTING

1,600,000

PERSON WITH

7

SOLE DISPOSITIVE POWER

- 0 -

8

SHARED DISPOSITIVE POWER

1,600,000

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,600,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Less than 1%

12

TYPE OF REPORTING PERSON

OO

  

 

Item 1(a).

Name of Issuer:

Sunstone Hotel Investors, Inc., a Maryland corporation (the “Issuer”).

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

15 Enterprise, Suite 200

Aliso Viejo, California 92656

 

Item 2(a).

Name of Person Filing:

(i)

TCDS I, LP, a Delaware limited partnership (“TCDS”), with respect to the Shares (as defined below) held by it;

(ii)

TCLS I, LP, a Delaware limited partnership (“TCLS”), with respect to the Shares held by it;

(iii)

TCCS I, LP, a Delaware limited partnership (“TCCS” and together with TCDS and TCLS, the “Tarsadia Funds”), with respect to the Shares held by it;

(iv)

TC GP, LLC, a Delaware limited liability company (“TC GP”), as the general partner of each of the Tarsadia Funds, with respect to the Shares held by the Tarsadia Funds;

(v)

Tarsadia Capital, LLC, a Delaware limited liability company (“Tarsadia Capital”), as the investment manager of each of the Tarsadia Funds, with respect to the Shares held by the Tarsadia Funds;

(vi)

TUP Investments, L.P., a California limited partnership (“TUP Investments” and together with the Tarsadia Funds, TC GP and Tarsadia Capital, the “Tarsadia Reporting Persons”), with respect to the Shares held by it;

(vii)

T-Twelve Holdings, LLC, a Nevada limited liability company (“T-Twelve Holdings”), with respect to the Shares held by it;

(viii)

TFC Manager, LLC, a Nevada limited liability company (“TFC Manager” and together with T-Twelve Holdings, the “T-Twelve Reporting Persons”), as the manager of T-Twelve Holdings, with respect to the Shares held by T-Twelve Holdings;

(ix)

PSP Land LLC, a California limited liability company (“PSP Land”), with respect to the Shares held by it;

(x)

Cepheid Capital, LLC, a Delaware limited liability company (“Cepheid Capital” and together with PSP Land, the “PSP Land Reporting Persons”), as the manager of PSP Land, with respect to the Shares held by PSP Land;

(xi)

UKA, L.P. a California limited partnership (“UKA”), with respect to the Shares held by it; and

(xii)

BPP One, LLC, a California limited liability company (“BPP One” and together with UKA, the “UKA Reporting Persons”), as the general partner of UKA, with respect to the Shares held by UKA.

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

Tushar Patel (the “Tarsadia Principal”) is the ultimate control person of the Tarsadia Reporting Persons.

Gautam Patel (the “T-Twelve and PSP Principal”) is the ultimate control person of the T-Twelve Reporting Persons and the PSP Land Reporting Persons.

Rishi Reddy (the “UKA Principal”) is the ultimate control person of the UKA Reporting Persons.

The filing of this Schedule 13G shall not be construed as an admission that any of the foregoing persons or Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the beneficial owners of any of the Shares reported herein.

Item 2(b).

Address of Principal Business Office or, if none, Residence:

The principal business address of each of the Tarsadia Funds, TC GP, Tarsadia Capital and the T-Twelve and PSP Principal is 10 East 53^rd Street, 23^rd Floor, New York, New York 10022.

The principal business address of each of TUP Investments, UKA, BPP One, the Tarsadia Principal and the UKA Principal is 520 Newport Center Drive, 21^st Floor, Newport Beach, California 92660.

The principal business address of each of T-Twelve Holdings and TFC Manager is c/o Sierra Fiduciary Support Services, 100 West Liberty Street, Suite 750, Reno, Nevada 89501.

The principal business address of PSP Land is c/o McCabe Heidrich & Wong, PC, 4 Gatehall Drive, Parsippany, New Jersey 07054.

The principal business address of Cepheid Capital is 1 John Street, #9D, Brooklyn, New York 11201.

Item 2(c).

Citizenship:

Each of the Tarsadia Funds, TC GP, Tarsadia Capital and Cepheid Capital is organized under the laws of the State of Delaware. Each of TUP Investments, PSP Land, UKA and BPP One is organized under the laws of the State of California. Each of T-Twelve Holdings and TFC Manager is organized under the laws of the State of Nevada. Each of the Tarsadia Principal, T-Twelve and PSP Principal and UKA Principal is a citizen of the United States of America.

Item 2(d).

Title of Class of Securities:

Common Stock, $0.01 par value per share (the “Shares”).

Item 2(e).

CUSIP Number:

867892101

Item 3.

If this statement is filed pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

		/X/	Not Applicable
	(a)	/  /	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
	(b)	/  /	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	/  /	Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	/  /	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
	(e)	/  /	Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E).
	(f)	/  /	Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F).
	(g)	/  /	Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G).
	(h)	/  /	Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
	(i)	/  /	Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3).
	(j)	/  /	Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J).
	(k)	/  /	Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution: ________

Item 4.

Ownership.

The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage of Shares reported beneficially owned by the Reporting Persons is based upon 207,184,691 Shares outstanding as of August 1, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 4, 2023.

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

See Exhibit 99.1 for persons who may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Exchange Act.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certifications.

By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: November 6, 2023

	TCDS I, LP
	By:	TC GP, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	TCLS I, LP
	By:	TC GP, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	TCCS I, LP
	By:	TC GP, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	TC GP, LLC
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	Tarsadia Capital, LLC
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Head of Tarsadia Capital, LLC

 

 

	TUP Investments, L.P.
	By:	TUP Three, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Manager

 

 

	T-Twelve Holdings, LLC
	By:	TFC Manager, LLC its manager
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Manager

 

 

	TFC Manager, LLC
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Manager

 

 

	PSP Land LLC
	By:	Cepheid Capital, LLC its manager
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Managing Member

 

 

	Cepheid Capital, LLC
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Managing Member

 

 

	UKA, L.P.
	By:	BPP One, LLC its general partner
	By:	/s/ Rishi Reddy
		Name:	Rishi Reddy
		Title:	Manager

 

 

	BPP One, LLC
	By:	/s/ Rishi Reddy
		Name:	Rishi Reddy
		Title:	Manager

 

 

Exhibit 99.1

 

Joint Filing Agreement

 

The undersigned hereby agree that the Statement on Schedule 13G dated November 6, 2023 with respect to the Common Stock, $0.01 par value per share, of Sunstone Hotel Investors, Inc., a Maryland corporation, and any amendments thereto executed by each and any of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

Dated: November 6, 2023

	TCDS I, LP
	By:	TC GP, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	TCLS I, LP
	By:	TC GP, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	TCCS I, LP
	By:	TC GP, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	TC GP, LLC
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Authorized Signatory

 

 

	Tarsadia Capital, LLC
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Head of Tarsadia Capital, LLC

 

 

	TUP Investments, L.P.
	By:	TUP Three, LLC its general partner
	By:	/s/ Vikram Patel
		Name:	Vikram Patel
		Title:	Manager

 

 

	T-Twelve Holdings, LLC
	By:	TFC Manager, LLC its manager
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Manager

 

 

	TFC Manager, LLC
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Manager

 

 

	PSP Land LLC
	By:	Cepheid Capital, LLC its manager
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Managing Member

 

 

	Cepheid Capital, LLC
	By:	/s/ Gautam Patel
		Name:	Gautam Patel
		Title:	Managing Member

 

 

	UKA, L.P.
	By:	BPP One, LLC its general partner
	By:	/s/ Rishi Reddy
		Name:	Rishi Reddy
		Title:	Manager

 

 

	BPP One, LLC
	By:	/s/ Rishi Reddy
		Name:	Rishi Reddy
		Title:	Manager

 

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