Mr. William H. Reynolds, Jr. , M.D. has served as the Senior Managing Director of MCS Capital, LLC, since August 2011. Mr. Reynolds serves as an Independent Director of the Board of Directors of Carey Watermark Investors 2 Incorporated. Mr. Reynolds serves as a Director of Glens Falls Hospital. He has also served in the same capacity for Carey Watermark Investors Incorporated since September 2010. He has been elected Secretary of the College Emeritus by the Board of Trustees of Trinity College ('Trinity'), having previously served as the Secretary of Trinity and the Special Assistant to its President from November 2008 through May 2012. Mr. Reynolds served as Director/Senior Advisor to Thayer Lodging Group of Annapolis, Maryland (Thayer) from November 2008 to August 2010, prior to which he served as Thayer's Chief Investment Officer and Managing Director from November 2006. After graduating from Trinity in 1971 with a B.A. in English, Mr. Reynolds began his career by earning an M.P.A. from the University of New Haven and working in the town planning and zoning offices in Cheshire, Woodbury, and Southbury. In 1977, Mr. Reynolds worked for Portfolio Management, Inc. In 1981, he partnered with an Architectural Firm and Founded City Associates, which developed office properties in Houston. In 1985, Mr. Reynolds joined Metro Hotels ('Metro'). Mr. Reynolds then joined CapStar Hotel Company (CapStar) as Senior Vice President Development in 1996 and managed CapStar's acquisition of Metro in 1998. He held the same position at successors of CapStar, MeriStar Hotels & Resorts and Interstate Hotels. He then became Chief Investment Officer and Executive Vice President of a public REIT, MeriStar Hospitality Corp., in April 2004 and served until October 2005 when he entered into an agreement with USAA Real Estate Co. (USAA) to be Managing Director of a hotel fund USAA planned to form. Subsequently USAA elected not to form the fund, at which point Mr. Reynolds joined Thayer. Mr. Reynolds is a Member of the ULI Hotel Development Council and the Steering committee for America's Lodging Investment Summit (ALIS), and formerly was on the Advisory committee of Meet the Money, the Advisory committee for the Hunter Hotel Investment Conference, and was a Trustee of the American Resort Development Association. He is a frequent Panelist and Moderator at hospitality industry investment conferences. Mr. Reynolds served as a Member of the Trinity College Board of Trustees from 1998 to 2007. In 1996, he was awarded an Alumni Medal for Excellence by Trinity.