JHM is always looking to the future. The talented JHM development and construction team has played a vital role in our expansion in North America and India, providing a focus on new hotel development and the original business of acquiring and improving existing properties. JHM currently has 5 hotels under major renovation and 9 new hotels under various levels of development, which will add an additional 1600 rooms to the portfolio within the next 18 to 24 months, at an investment of over $225 million.