Thomas Hutchison III

Mr. Hutchison is the principal founder of Legacy Hotel Advisors, LLC and Legacy Healthcare Properties, LLC. He currently serves as the chairman of both companies. In January 2000, he joined CNL Financial Group, Inc. – one of the nation’s largest, privately held real estate investment and finance companies, where he held several key executive positions over a seven year period: CEO of CNL Hotels & Resorts, Inc., CEO of CNL Retirement Properties, Inc., CEO of CNL Income Properties, Inc., CEO of CNL Real Estate Services, Inc., and CEO of CNL Realty & Development, Inc. In 2000, CNL Retirement Properties, Inc. was a public, unlisted REIT with three staff members, and no properties. Under Mr. Hutchison’s leadership, the Healthcare REIT acquired $3.8 billion in over 300 properties, and was sold for $5.3 billion to Health Care Properties, Inc. in October of 2006. CNL Hotels & Resorts, Inc., also a public, unlisted REIT started in 2000, began with $250 million in properties. When Mr. Hutchison became CEO, he turned it into one of the largest and most distinctive lodging companies in the country. In April of 2007, the company was purchased for $6.6 billion by Morgan Stanley. Prior to joining CNL, Mr. Hutchison was president and owner of numerous real estate services and development companies. From 1995 to 2000, he was chairman and chief executive officer of Atlantic Realty Service, Inc. and TJH Development Corporation. Since 1990, he has fulfilled a number of long-term consulting assignments for large corporations, including managing a number of large international joint ventures. From 1990 to 1991, Mr. Hutchison was the court-appointed president and chief executive officer of General Development Corporation, a real estate community development company, where he assumed the day-to-day management of the $2.6 billion NYSE-listed company through the reorganization process. From 1986 to 1990, he was the chairman and chief executive officer of a number of personally owned real estate-related companies engaged in the master planning and land acquisition of forty residential, industrial and office development projects. From 1978 to 1986, Mr. Hutchison was the president and chief executive officer of Murdock Development Corporation and Murdock Investment Corporation. In this capacity, he managed an average of $350 million of new development per year for over nine years, and the growth of various other Murdock owned operating companies in the service industries. Community & Industry Leadership Mr. Hutchison recently published a chapter in Donald Trump’s book, The Best Real Estate Advice I Ever Received and a chapter on Authentic Leadership in Goals for Successful CEO's. Mr. Hutchison is currently a Director for KSL Capital Partners LLC, ClubCorp, Inc., U.S. Chamber of Commerce, Hersha Hospitality Trust, Vision360, and The Trinity Forum. He is also a member of The Real Estate Roundtable, Leadership Council for Communities in Schools, Advisory Council of the Erickson School of Aging Studies and serves on the Advisory Editorial Board of GlobalHotelNetwork.com. Additionally, he serves as a Senior Advisor to various service industry public companies. He is a former Director of ING Direct, Metro Bank, Maryland Bank Corporation, Cannon Mills, Burris Foods, Inc., Atlantic Gulf Communities Corporation, Zapata Corporation, General Development Corporation, Boys and Girls Club of Central Florida, CNL Retirement Properties, Inc. and CNL Hotels & Resorts, Inc. Education Mr. Hutchison was educated at Purdue University and the University of Maryland Business School.