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10-K - FORM 10-K - BRE Select Hotels Corpd859592d10k.htm
EX-31.1 - EX-31.1 - BRE Select Hotels Corpd859592dex311.htm
EX-10.2 - EX-10.2 - BRE Select Hotels Corpd859592dex102.htm
EX-21.1 - EX-21.1 - BRE Select Hotels Corpd859592dex211.htm
EX-10.1 - EX-10.1 - BRE Select Hotels Corpd859592dex101.htm
EX-32.1 - EX-32.1 - BRE Select Hotels Corpd859592dex321.htm
EX-31.2 - EX-31.2 - BRE Select Hotels Corpd859592dex312.htm
EX-10.3 - EX-10.3 - BRE Select Hotels Corpd859592dex103.htm
EX-12.1 - EX-12.1 - BRE Select Hotels Corpd859592dex121.htm
EXCEL - IDEA: XBRL DOCUMENT - BRE Select Hotels CorpFinancial_Report.xls

Exhibit 99.1

Section 13(r) Disclosure

The disclosures with respect to the fiscal quarters ended March 31, 2014, June 30, 2014 and September 30, 2014 and fiscal year ended December 31, 2014 reproduced below were included in our periodic reports filed with the Securities and Exchange Commission and/or otherwise publicly filed in accordance with Section 13(r) of the Securities Exchange Act of 1934, as amended. Travelport Limited and Travelport Worldwide Limited may be considered affiliates of The Blackstone Group L.P., and therefore our affiliates. We have not independently verified or participated in the preparation of any of these disclosures.

Form 10-Q for the fiscal quarter ended March 31, 2014:

Travelport Limited, which may be considered our affiliate, included the disclosure reproduced below in its Form 10-Q for the fiscal quarter ended March 31, 2014. We have not independently verified or participated in the preparation of this disclosure.

“The following activities are disclosed as required by Section 13(r)(1)(D)(iii) of the Exchange Act.

As part of our global business in the travel industry, we provide certain passenger travel-related GDS and Technology Services to Iran Air. We also provide certain Technology Services to Iran Air Tours. All of these services are either exempt from applicable sanctions prohibitions pursuant to a statutory exemption permitting transactions ordinarily incident to travel or, to the extent not otherwise exempt, specifically licensed by the U.S. Office of Foreign Assets Control. Subject to any changes in the exempt/licensed status of such activities, we intend to continue these business activities, which are directly related to and promote the arrangement of travel for individuals.

The gross revenue and net profit attributable to these activities in the quarter ended March 31, 2014 were approximately $181,000 and $125,000, respectively.”

Form 10-Q for the fiscal quarter ended June 30, 2014:

Travelport Limited, which may be considered our affiliate, included the disclosure reproduced below in its Form 10-Q for the fiscal quarter ended June 30, 2014. We have not independently verified or participated in the preparation of this disclosure.

“The following activities are disclosed as required by Section 13(r)(1)(D)(iii) of the Exchange Act.

As part of our global business in the travel industry, we provide certain passenger travel-related GDS and Technology Services to Iran Air. We also provide certain Technology Services to Iran Air Tours. All of these services are either exempt from applicable sanctions prohibitions pursuant to a statutory exemption permitting transactions ordinarily incident to travel or, to the extent not otherwise exempt, specifically licensed by the U.S. Office of Foreign Assets Control. Subject to any changes in the exempt/licensed status of such activities, we intend to continue these business activities, which are directly related to and promote the arrangement of travel for individuals.

The gross revenue and net profit attributable to these activities in the quarter ended June 30, 2014 were approximately $161,000 and $117,000, respectively.”


Form 10-Q for the fiscal quarter ended September 30, 2014:

Travelport Worldwide Limited, which may be considered our affiliate, included the disclosure reproduced below in its Form 10-Q for the fiscal quarter ended September 30, 2014. We have not independently verified or participated in the preparation of this disclosure.

“The following activities are disclosed as required by Section 13(r)(1)(D)(iii) of the Exchange Act.

As part of our global business in the travel industry, we provide certain passenger travel-related Travel Commerce Platform and Technology Services to Iran Air. We also provide certain Technology Services to Iran Air Tours. All of these services are either exempt from applicable sanctions prohibitions pursuant to a statutory exemption permitting transactions ordinarily incident to travel or, to the extent not otherwise exempt, specifically licensed by the U.S. Office of Foreign Assets Control. Subject to any changes in the exempt/licensed status of such activities, we intend to continue these business activities, which are directly related to and promote the arrangement of travel for individuals.

The gross revenue and net profit attributable to these activities in the quarter ended September 30, 2014 were approximately $171,000 and $124,000, respectively.”

Form 10-K for the fiscal year ended December 31, 2014:

Travelport Worldwide Limited, which may be considered our affiliate, included the disclosure reproduced below in its Form 10-K for the fiscal year ended December 31, 2014. We have not independently verified or participated in the preparation of this disclosure.

“As part of our global business in the travel industry, we provide certain passenger travel related Travel Commerce Platform and Technology Services to Iran Air. We also provide certain Technology Services to Iran Air Tours. All of these services are either exempt from applicable sanctions prohibitions pursuant to a statutory exemption permitting transactions ordinarily incident to travel or, to the extent not otherwise exempt, specifically licensed by the U.S. Office of Foreign Assets Control. Subject to any changes in the exempt/licensed status of such activities, we intend to continue these business activities, which are directly related to and promote the arrangement of travel for individuals.

The gross revenue and net profit attributable to these activities for the year ended December 31, 2014 were approximately $660,000 and $470,000, respectively.”

 

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