Berkadia Hotels & Hospitality | Conference Book

47 th ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE NEW YORK, NY | JUNE 1-3, 2025

EXCELLENCE DRIVES US. Have the confidence of knowing you’re working with the best. With Berkadia Hotels & Hospitality, each transaction is a personal commitment to our clients’ success and satisfaction.

We’ve sat in every seat at the table.

We’ve learned that there’s more to this business than just the process and players.

Whether you’re seeking an opportunity in an emerging market or in a well‑established urban destination, our team of experts in mortgage banking and investment sales is ready for you.

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BERKADIA HOTELS & HOSPITALITY

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BERKADIA HOTELS & HOSPITALITYNYU HOTEL CONFERENCE | JUNE 1-3, 2025

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IT’S IN OUR DNA. Our mission is inspired by our two shareholders who created Berkadia— Berkshire Hathaway and Jefferies Financial Group. Both firms are renowned for their capital strength, sophisticated investment strategies and exacting attention to their clients’ diverse needs.

We're honored to infuse our Berkadia values into everything we do. When you work with us, you’re more than a client, and more than a partner. You’re a member of our family.

Investment Sales

Mortgage Banking

When you equip the right professionals

Your projects, of any size and location, benefit

with industry-leading insights and tools,

from best‑in‑class financing partners and

the result is better investment outcomes.

unparalleled access to capital.

Servicing

Technology

Get customized solutions and seamless

Advanced decision‑making with actionable

service with our established resources

insights backed by our powerful data.

and proven expertise.

CLOSING IS JUST THE END OF THE BEGINNING. We’re in this for the long haul.

To us, every deal is the start of a new relationship or the continuation of one built on performance and trust.

Our clients are family, and we’re relentlessly focused on your long-term success.

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BERKADIA HOTELS & HOSPITALITY

CURRENT LISTINGS PROPERTY

LOCATION

KEYS CONTACT

Corendon Curaco All-Inclusive Resort Portfolio

793 Charre, Weimer, Garcia-Chacón, Jin

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500 Charre, Weimer, Garcia-Chacón, Jin

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The Time Hotel

Willemstad, Curaco San Jose/Playa Herradura, Costa Rica New York, NY

193 Kelso, Michels, Vazquez

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The Chatwal, New York

New York, NY

76 Kelso, Michels, Vazquez, Greenberg 11

Z Hotel NYC

Long Island City, NY

100 Kelso, Michels, Vazquez

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Homewood Suites Saratoga Springs

Saratoga Springs, NY

113 Meikleham Kluh

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Costa Rica Marriott Portfolio

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The Westin Reston Heights

Reston, VA

191 Wimsatt, Hawkins, Overton

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The Hoxton Chicago

Chicago, IL

182 Lindgren, Kelso, Michels

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Kimpton Overland Atlanta Airport

Atlanta, GA

214 Charre, Weimer, Jin

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Sole Miami, A Noble House Resort

Sunny Isles Beach, FL

203 Charre, Weimer, Jin

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The Bellmoor Inn & Spa

Rehoboth Beach, DE

79 Lindgren, Overton, Hawkins

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Residence Inn Boston Burlington

Burlington, MA

170 Meikleham Kluh

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Hotel Indigo Nashville - The Countrypolitan

Nashville, TN

134 Kelso, Michels, Vazquez

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Courtyard Alexandria Pentagon South

Alexandria, VA

203 Hawkins, Vazquez, Pietras

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Comfort Suites Beachfront

Virginia Beach, VA

108 Hawkins, Stevenson, Pietras

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Courtyard Bristol

Bristol, VA

175 Hawkins, Stevenson, Pietras

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Courtyard JMU / Harrisownburg

Harrisonburg, VA

125 Hawkins, Stevenson, Pietras

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Q&C Hotel, Autograph Collection

New Orleans, LA

196 Kelso, Michels, Vazquez

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Found Miami Beach

Miami Beach, FL

76 Castillo, Weimer, Jin

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Home2 Suites / Tru by Hilton Madison East

Madison, WI

219 Hawkins, Lindgren, Pietras

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135 Hawkins, Pietras

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Holiday Inn Express & Suites Pittsburgh North Shore Pittsburgh, PA Hotel Indigo Pittsburgh East Liberty

Pittsburgh, PA

135 Hawkins, Stevenson, Pietras

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Residence Inn Philadelphia Great Valley/Malvern

Malvern, PA

127 Hawkins, Vazquez, Pietras

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Fairfield Inn Asheboro

Asheboro, NC

87 Stevenson, Mancera

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Fairfield Inn San Antonio /Seaworld Westover Hill San Antonio, TX

98 Stevenson, Mancera

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Fairfield Inn Waycross

Waycross, GA

89 Stevenson, Castillo, Mancera

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Fairfield Inn Brunswick

Brunswick, GA

80 Stevenson, Castillo, Mancera

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Fairfield Inn & Suites Orlando Ocoee

Ocoee, FL

80 Stevenson, Castillo, Mancera

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Fairfield Inn & Suites Lake Buena Vista

Lake Buena Vista, FL

170 Stevenson, Mancera

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Home2 Suites by Hilton Orlando/Intl. Drive South

Orlando, FL

146 Sahlsten

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Fairfield Inn Orlando Airport

Orlando, FL

139 Stevenson, Mancera

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Holiday Inn Express & Suites Fort Myers

Fort Myers, FL

111 Stevenson, Castillo, Isenberg

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Holiday Inn Express & Suites Sarasota East I-75

Sarasota, FL

101 Stevenson, Castillo, Isenberg

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Staybridge Suites Tampa East Brandon

Tampa, FL

100 Stevenson, Castillo, Sahlsten

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Courtyard Tampa North I-75 Fletcher

Tampa, FL

81 Stevenson, Castillo, Sahlsten

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Quality Inn Florida City

Florida City, FL

124 Castillo

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Travelodge by Wyndham Florida City

Florida City, FL

88 Castillo

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Fairfield Inn & Suites Melbourne West - Palm Bay

Melbourne, FL

83 Castillo, Sahlsten

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Spark by Hilton Conversion Opportunity

Mount Prospect, IL

136 Stevenson, Isenberg

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793 KEYS

Corendon Curacao All-Inclusive Resort Portfolio: HIGHLIGHTS Mangrove Beach Corendon Curacao All-Inclusive • Excellent location: The resorts offer a tranquil beachfront setting near cultural Resort (Mangrove Beach) landmarks and transportation hubs, The Rif at Mangrove Beach Corendon Curacao outside the hurricane belt All-Inclusive Resort (The Rif) • Purpose-built resorts: Opened in 2020 Willemstad, Curacao and 2023, these properties are the Keys: Mangrove Beach (399 keys) / The Rif (384 keys) Opened: Mangrove Beach (2020) / The Rif (2023) Meeting Space: 8,252 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Christian Charre, Paul Weimer, Fernando Garcia-Chacon, Jennifer Jin

newest resorts on the island

• Economies of scale: The resorts achieve cost efficiencies while catering to distinct guest segments—family friendly and adults-focused • Cash flow: The resorts are on track to achieve $89M in revenue and $28M NOI by 2027 • Top Caribbean lodging market: Curaçao’s lodging market boasts the fourth highest 10-year RevPAR CAGR among top Caribbean destinations

• Booming all-inclusive segment: The properties benefit from Hilton’s Curio Collection affiliation and demand for premium branded experiences in the all-inclusive segment

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BERKADIA HOTELS & HOSPITALITY

201 KEYS

Los Sueños Marriott Ocean & Golf Resort

299 KEYS

Costa Rica Marriott Hotel Hacienda Belen

Costa Rica Marriott Portfolio: Los Sueños Marriott Ocean & Golf Resort (LS) Costa Rica Marriott Hotel Hacienda Belen (HB) San Jose, Costa Rica / Playa Herradura, Costa Rica Opened: LS (1999) / HB (1996) Meeting Space: LS (14,694 SF) / HB (15,134 SF) Brand Availability: Marriott Encumbered Management Availability: Marriott Encumbered Contact: Christian Charre, Paul Weimer, Fernando Garcia-Chacon, Jennifer Jin

HIGHLIGHTS • Strong Cash Flow: Combined T12 Apr 2025 results exceeded $64M in revenue and more than $14M in NOI • Flexible Portfolio Offering: The two Hotels are available as a portfolio or individually • Significant Capital Improvements: Both Hotels have undergone extensive renovations over the past five years, enhancing guestrooms, meeting spaces, and F&B outlets • Robust Tourism Growth: Costa Rica’s tourism sector contributed 8.2% to GDP in 2024, with record-breaking international arrivals and strong visitor engagement

• Optimal Branding: The flagship Marriott branded Resorts benefit from the best-in-class loyalty program • Favorable Investment Environment: The country offers political stability, property ownership laws that grant non-citizens the same rights as citizens, and tax incentives for foreigner investors • Infrastructure Modernization: Major investments in airports, roads, and ports have improved connectivity and efficiency, supporting tourism and economic growth

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193 KEYS

The Time Hotel New York, JdV by Hyatt New York, NY

HIGHLIGHTS

• Manhattan lodging market outperformed in 2024 with RevPAR up 23% compared to 2019

• Well-maintained asset with approximately $21M ($108K per key) of CapEx since 2016

• Opportunity to convert from brand management to third-party management Opened / Renovated: 1926 / 1999 • Lucrative leased destination F&B venues that Meeting Space: 1,260 SF provide stable annual income Brand Availability: Encumbered Management Availability: Unencumbered, • Repositioning opportunity to implement unique Franchise Conversion (currently brand managed) rebrand with flexibility afforded by JDV soft brand • Ability to capitalize on proven historical RevPAR Contact: Jared Kelso, Steve Michels, and NOI upside following the implementation of Steven Vazquez a strategic renovation and new management

• Premier Times Square location in one of the highest trafficked corridors surrounded by trophy office towers, flagship dining and retailers, tourist attractions/landmarks, and booming new development

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KEYS

The Chatwal, New York New York, NY Opened: 2010 Meeting Space: 2,100 SF Brand Availability: N/A Management Availability: N/A Contact: Jared Kelso, Steve Michels, Steven Vazquez, Lauren Greenberg

HIGHLIGHTS • Extraordinary physical asset and operating model meticulously restored in 2010, offers a rare repositioning opportunity at less than half of replacement cost • Efficient rooms-only operating model, combined with ultra-luxury ADR potential drives exceptional operating margins • Leased amenity base further enhances the guest experience while maximizing profitability • Significant value-add potential through various operational and physical NOI projects, focusing on F&B outlets and meeting space, granting creative freedom to transform and reposition the 5-star boutique asset into a modern lifestyle hotel that captivates the modern luxury traveler • Premier Midtown Manhattan location in one of the highest trafficked corridors surrounded by trophy office towers, high-end dining, luxury retailers, tourist attractions/landmarks, and billion-dollar developments, significant corporate and leisure demands drivers are captured by the Hotel • Offers approximately 33,000 SQF of unused air-rights

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100 KEYS

Z Hotel NYC Long Island City, NY

HIGHLIGHTS

Opened/Renovated: 2011/2018 Meeting Space: N/A Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Steve Michels, Jared Kelso, Steven Vazquez

• Extremely rare white box opportunity to acquire a fully unencumbered fee-simple, non-union hotel in NYC • Highly visible location with unparalleled views of the NYC skyline and great accessibility to the tri-state region • Robust in-place income including a recently executed 12,000 SF lease with Disney in addition to 3 leased F&B outlets • Significant signage revenue opportunity • Desirable 4,000+SF rooftop bar and restaurant

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113 KEYS

Homewood Suites Saratoga Springs Saratoga Springs, NY Opened: 2017 Meeting Space: 480 SF Brand Availability: N/A Management Availability: Unencumbered Denny Meikleham, John Kluh

HIGHLIGHTS • Highly desirable location in one of New York’s most popular leisure destinations proximate to Saratoga Race Track & Casino and the Saratoga Performing Arts Center • Institutional quality, purpose-built and premium branded asset with key-count expansion opportunity • Strong in-place cash flows with attainable operational upside

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191 KEYS

The Westin Reston Heights Reston, VA

HIGHLIGHTS

Opened: 2008 Meeting Space: 2,000 SF Brand Availability: Westin (franchise expires 2028) Management Availability: Unencumbered Contact: Andy Wimsatt, Dan Hawkins, Christian Overton

• Highly visible location along Dulles Toll Road with proximity to Reston Town Center, Dulles International Airport (27 million passengers TTM), and downtown Washington D.C. via the Metro Silver Line

• Institutional-quality, 191-room fee simple hotel built in 2008 with no immediate capital needs

• Robust cash flow supported by highly efficient operations • Poised for continued growth in the Dulles Technology Corridor – Confluence of corporate, government, and leisure travel allows for a variety of demand channels • Will continue to benefit from Dulles International Airport’s $700 million expansion and Reston Town Center’s $2.8 billion ongoing development (4.4 million square feet of mixed-use space)

• Attractive Westin branding with optionality (franchise agreement expiring 2028)

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182 KEYS

The Hoxton Chicago Fulton Market, Chicago, IL Opened: 2019 Meeting Space: 2,803 SF Management Availability: Unencumbered Contact: Ryan Lindgren, Jared Kelso, Steve Michels

HIGHLIGHTS • A+ location in Fulton Market, surrounded by high-profile corporate, top restaurants, and $4B+ in development • Exceptional in-place performance driven by a lean operating model and F&B concepts led by Boka Restaurant Group and James Beard-winning chefs • Undersupplied hotel submarket (696 keys) despite explosive office and multifamily development • Material value-add opportunities remain via potential additional keys and the introduction of a destination fee

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214 KEYS

Kimpton Overland Atlanta Airport Atlanta, GA Opened / Renovated: 2017 / 2019 Kimpton Conversion Meeting Space: 7,126 SF SF Brand Availability: Unencumbered at a cost Management Availability: Unencumbered Contact: Christian Charre, Paul Weimer, Jennifer Jin

HIGHLIGHTS • Recently built, well-maintained asset built in 2017, the hotel is in turnkey condition and was converted from a Solis to Kimpton in 2019 • Top-line growth: Growth potential given the Hotel is underpenetrating relative to comp set with new hotel GM and revamped sales team poised to drive further market share and RevPAR gains • Favorable property tax exemption: Hotel benefits from a long-term property tax abatement that extends through 2047 and is transferable upon sale • Unencumbered of management: Management agreement is terminable upon sale, providing new ownership with operational flexibility • Exceptional location near major demand drivers: Prime location adjacent to major demand drivers, including the HartsfieldJackson International Airport, Porsche Cars North America HQ, Delta Air Lines Global HQ, and Georgia International Convention Center

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203 KEYS

Solé Miami, A Noble House Resort Sunny Isles Beach, FL Opened: 2008 Meeting Space: 4,762 SF Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Christian Charre, Paul Weimer, Jennifer Jin

HIGHLIGHTS • Prime Oceanfront Location: Beachfront asset in affluent Sunny Isles Beach, close to major Miami attractions • Well-Maintained Asset, Minimal Capex Needed: Property is in great condition, with last renovation in 2019, including upgrades to guestrooms, corridors, and restaurant • Fully Unencumbered, Full-Service Condo Hotel: Unencumbered of brand and management, allowing a new investor operational flexibility • Right of First Refusal: Hotel owner has right of first refusal should a unit owner receive a third party offer to purchase their unit

• Long-Term RMA Contracts: Current ownership introduced 15-year term RMAs in 2021; roughly 30% of units in the RMA are under these 15-year RMAs

• RMA Participation: Opportunity to increase RMA participation back to high 80% by better enforcing occupancy limits

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KEYS

The Bellmoor Inn & Spa Rehoboth Beach, DE

HIGHLIGHTS

Opened / Renovated: 1932 / 2017 Meeting Space: 3,085 SF Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Ryan Lindgren, Christian Overton, Dan Hawkins,

• One-of-a-kind asset with differentiated product offering and oversized guestrooms

• Irreplaceable location in an extremely high barrier to entry market

• Remaining ROI projects, including a rooms renovation and the potential to add up to 4 keys • Loyal customer base and strong annual repeat business given hotel’s longstanding reputation in the market • Unique off-season demand drivers insulate against seasonality risk

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170 KEYS

Residence Inn Boston Burlington Burlington, MA Opened: 2017 Meeting Space: 721 SF Management Availability: Unencumbered Contact: Denny Meikleham, John Kluh

HIGHLIGHTS • Irreplaceable location nestled between the 334-bed Lahey Hospital & Medical Center and 1.3 million SF Burlington Mall • Institutional quality, purpose-built asset in exceptional physical condition • Strong in-place cash flows and wellestablished position as the market leader in RevPAR

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134 KEYS

Hotel Indigo Nashville The Countrypolitan Nashville, TN

HIGHLIGHTS

Opened: 2010 Meeting Space: 600 SF Brand Availability: N/A Management Availability: Unencumbered Contact: Jared Kelso, Steve Michels, Steven Vazquez

• Irreplaceable location in downtown Nashville, offered below replacement costs

• Fully renovated Asset, having completed a $23.5M or $175K per key repositioning in May 2025

• Benefits from a soft brand with Indigo and the IHG system, while maintaining independent identity • Strong performance history with proven historical upside

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203 KEYS

Courtyard Alexandria Pentagon South (Marriott City Express / Four Points Conversion Opportunity) Alexandria, VA Opened / Renovated: 1975 / 2012 Meeting Space: 2,112 SF Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Dan Hawkins, Steven Vazquez, Jake Pietras

HIGHLIGHTS • Purpose-built, 11-story, concrete and steel constructed hotel with structured parking offered at a highly attractive basis far-below replacement cost in a perennial top 25 U.S. metropolitan market • Long-term FLA available with a best-in-class and industry-leading global loyalty program • Non-union, limited-service hotel offered unencumbered of management with significant operational efficiency upside potential (currently with special servicer/receiver) • Dynamic location along the I-395 interchange with access to the region’s diverse demand profile and amenities

• Ideal supply story with no new competitive supply under construction or in-planning

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108 KEYS

Comfort Suites Beachfront Virginia Beach, VA Opened / Renovated: 1984 / 2014 Meeting Space: 1,000 SF Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Dan Hawkins, Kyle Stevenson, Jake Pietras

HIGHLIGHTS • Irreplaceable oceanfront location with direct beach access offered at a significant discount to replacement cost • Fee simple, non-union, and unencumbered of management • Branding optionality with minimal required liquidated damages • 11-story, concrete and steel constructed hotel, featuring a superior, all-double suite, ocean-facing product offering, structured parking, and diverse amenity base • Institutional-level RevPAR market (+$120 RevPAR for the competitive set) with aspirational competitive set upside

• Positioned in a renowned east coast leisure hub – Virginia Beach – and bolstered by a diversified demand profile and multi-billion-dollar construction pipeline that includes the $350 million Atlantic Park Entertainment District • Highly accessible location along Atlantic Ave with proximity to major thoroughfare – I-264 – and Norfolk International Airport • Minimal incoming supply

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175 KEYS

VIRGINIA COURTYARD PORTFOLIO

Courtyard Bristol Bristol, VA Opened / Renovated: 2004 / 2020 Meeting Space: 600 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Dan Hawkins, Kyle Stevenson, Jake Pietras

HIGHLIGHTS • Recently renovated ($2.6MM or $15k/key | 2020) limited-service hotel with reinforced concrete construction and a fee simple/non-union tenure offered at an attractive basis far below replacement cost • Rapidly growing top-line performance with considerable upside • Strong in-place cash flow on a significant upward growth trajectory with highly efficient and consistent operating margins • Long-term FLA potentially available with a best-in class global loyalty program • Highly accessible Bristol location along the I-81 corridor, with proximity to the Tri-Cities and Appalachian Mountains • Growing development pipeline and economic trajectory

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125 KEYS

VIRGINIA COURTYARD PORTFOLIO

Courtyard James Madison University (JMU) / Harrisonburg Harrisonburg, VA Opened / Renovated: 1999 / 2020 Meeting Space: 1,100 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Dan Hawkins, Kyle Stevenson, Jake Pietras

HIGHLIGHTS • Recently renovated ($2.8MM or $23k/key | 2020) select-service hotel with 111 showers offered fee simple, non-union, and unencumbered of management at a highly attractive basis far below replacement cost (block and plank construction) • Strong in-place revenue generation with substantial top-line/market capture upside • Substantial realized cash-flow with highly efficient in-place operating margins (31.3% NOI margin) • Best-in class global loyalty program (Marriott Bonvoy) with a potential long-term FLA available • Marriott’s largest and only upscale, limited-service hotel in Harrisonburg with minimal brand saturation in the region • Highly amenitized educational hub with proximity to Downtown Harrisonburg • Accessible location with seamless connectivity to regional leisure and corporate demand generators • Poised to benefit from an active development pipeline and continued regional growth dynamics

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196 KEYS

Q&C Hotel, Autograph Collection New Orleans, LA

HIGHLIGHTS

Opened / Renovated: 1996 / 2017 Meeting Space: 766 SF Brand Availability: Encumbered (Autograph or Tribute) Management Availability: Unencumbered Contact: Jared Kelso, Steve Michels, Steven Vazquez

• High-quality hospitality asset in downtown New Orleans, near key demand drivers

• Favorable transaction below seller’s all-in basis

• Ability to maintain Autograph brand or to convert to Marriott’s Tribute flag • Significant operational upside in rooms, F&B, and meeting spaces • Strong performance ramp with opportunity to increase ADR • $557M convention center renovation enhancing New Orleans as a top convention destination

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KEYS

Found Miami Beach Miami Beach, FL

HIGHLIGHTS

Opened / Renovated: 1939 / 2023 Meeting Space: N/A Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Natalie Castillo, Paul Weimer, Jennifer Jin

• Recently renovated: Owners invested nearly $12 million in renovations to enhance the Hotel’s offerings for both daily and extended stays, and to establish a prominent bar and lounge presence • Prime location: Prime Miami Beach location just one block from the beach and within a fiveminute drive of key attractions, including the Miami Beach Convention Center, Lincoln Road, the Bass Museum, Collins Park, and the Miami Beach Botanical Garden • Fully unencumbered: Fully unencumbered by brand or management agreements, providing investors with the flexibility to implement their own creative vision and operational strategy

• Favorable F&B lease: Bar Luca, a highly successful leased restaurant on the ground-floor with stable annual rent income

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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219 KEYS

Home2 Suites / Tru by Hilton Madison East (Dual-Brand) Madison, WI Keys: 151 (Home2 Suites) / 68 (Tru) Opening: September 2025 (Expected) Meeting Space: N/A Brand Availability: Encumbered Management Availability: Unencumbered Contact: Dan Hawkins, Ryan Lindgren, Jake Pietras

HIGHLIGHTS • Brand-new, premium constructed, Home2 Suites / Tru dual-brand expected to deliver in September 2025 and offered at an attractive basis below today’s replacement cost • Fee simple, non-union, and unencumbered of management • Long-term FLA available with award-winning and rapidly growing brands that are bolstered by an industry-leading loyalty program - Hilton Honors • Premier and highly amenitized east Madison location with diverse demand profile • Outstanding expected financial performance to offer year 1 yield • Favorable supply story with no new hotels under construction

• Highly accessible positioning at the confluence of I-90/94 and U.S. Route 151, with access to Dane County Regional Airport and the region’s most frequented metropolitan markets

• Primed to benefit from significant regional development activity and investment

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135 KEYS

Holiday Inn Express & Suites Pittsburgh North Shore Pittsburgh, PA Opened / Renovated: 2015 / 2023 Meeting Space: N/A Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Dan Hawkins, Jake Pietras

HIGHLIGHTS • 2015-vintage, 10-story, select service hotel, built with premium reinforced concrete construction and offered at an attractive basis far below replacement cost with no required Change of Ownership PIP • North Shore’s only IHG-affiliated hotel with the ability to capitalize on minimal IHG brand saturation in Downtown Pittsburgh • Fee simple, non-union, and unencumbered of management, with significant top-line and bottom-line upside potential and impressive YoY growth (2024) • Potential branding optionality • Favorable supply story with no new competitive hotels under construction

• Highly coveted North Shore location with immediate access to PNC Park, Acrisure Stadium, Rivers Casino, and a substantial corporate, technology, and leisure footprint

• Dynamic positioning off I-279 offering seamless connectivity to downtown Pittsburgh’s renowned leisure destinations and educational/medical demand generators

• Poised to capitalize on transformational local development projects and the region’s continued economic growth trajectory (+$4 billion of projects)

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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135 KEYS

Hotel Indigo Pittsburgh East Liberty Pittsburgh, PA

HIGHLIGHTS • 2015-vintage, boutique hotel offered at a highly attractive basis well-below replacement cost and recent comparable sales

Opened: 2015 Meeting Space: 2,189 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Dan Hawkins, Kyle Stevenson, Jake Pietras

• Poised to capitalize on minimal IHG brand saturation / distribution in downtown Pittsburgh (10.3% of keys)

• Considerable revenue generation with significant top-line growth potential

• Fee simple, non-union, and unencumbered of management

• Rapidly transforming urban location with proximity to a diverse demand profile

• Stable cash-flow with considerable operational efficiency upside

• Ideal supply story with no new hotels under construction

• Primed to benefit from significant development projects and Pittsburgh’s economic growth trajectory

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127 KEYS

Residence Inn Philadelphia Great Valley / Malvern Malvern, PA

HIGHLIGHTS

Opened: 2016 Meeting Space: 440 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Dan Hawkins, Steven Vazquez, Jake Pietras

• Fee simple, non-union, and unencumbered of management

• Purpose-built, 2016-vintage hotel with a superior all-suite product offered at an attractive basis well-below replacement cost

• Exceptional in-place top-line performance with RevPAR growth upside • Outstanding realized cash-flow with attainable margin efficiency upside and management flexibility • Best-in-class brand and loyalty program (Marriott Bonvoy) with long-term FLA available • Favorable supply story with no new hotels under construction • Dynamic suburban office hub location with proximity to a diverse demand profile • Highly accessible positioning along the bustling Pennsylvania Turnpike, offering seamless connectivity to regional demand drivers and downtown Philadelphia

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87

KEYS

Fairfield Inn Asheboro Asheboro, NC

HIGHLIGHTS

Opened: 2009 Meeting Space: 400 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Harry Mancera

• Prime location with direct access to State Highway 64 and I-75

• Significant market growth driven by the $13 billion Toyota Battery Manufacturing Plant

• Premium limited service brand supported by Marriott’s Bonvoy rewards program • Value-add opportunity with attainable growth with the completion of a change-of-ownership PIP

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Fairfield Inn San Antonio / Seaworld Westover Hills San Antonio, TX Opened: 2009 Meeting Space: +/-400 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Harry Mancera

HIGHLIGHTS • Prime Location Adjacent to Microsoft’s Expanding Data Centers • Strategic Location - Hotel Poised to Capitalize on San Antonio’s Theme Park Expansion • Ideally Situated Near Lackland Air Force Base and Joint Base San Antonio, Benefiting from Their $55 Billion Economic Impact • Offered Unencumbered Management and with Tangible Upside Potential Via the Completion of a change of ownership PIP

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89

KEYS

Fairfield Inn Waycross Waycross, GA

HIGHLIGHTS

Opened: 2024 Meeting Space: 800 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Natalie Castillo, Harry Mancera

• Waycross - a major transportation and economic hub in Southeast Georgia

• Newest Premium Limited-Service Hotel in over 14 years

• Less than 10 minutes from the Okefenokee National Wildlife refuge a UNESCO Heritage site nominee • Strong ramp-up performance • Thriving agricultural and forestry industry • Turnkey operation below replacement cost

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BERKADIA HOTELS & HOSPITALITY

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KEYS

Fairfield Inn Brunswick Brunswick, GA Opened/Renovated: 1998/2025 Meeting Space: O SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Natalie Castillo, Harry Mancera

HIGHLIGHTS • Fully renovated with minimal change of ownership property improvement plan (PIP) requirements • Custom high-end FF&E package in every room • Located less than five minutes from the Federal Law Enforcement Training Center (FLETC) • A short-drive from the world renowned ‘Golden Isles’ - a major driver of leisure demand • Turnkey and stabilized operation below replacement cost

• Strategically located off exit 38 of I-95 offering unparalleled visibility and accessibility

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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Fairfield Inn & Suites Orlando Ocoe Ocoee, FL Opened / Renovated: 2004 / 2022 Meeting Space: 600 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Natalie Castillo, Harry Mancera

HIGHLIGHTS • Centrally Located to the Metro Orlando Area • Near Seaworld Orlando, Walt Disney World Resort®, The Central Florida Fairgrounds, and More • Orlando Central Hospitality Submarket RevPAR is Up 1% Annually and Up 15% Since 2019 • Nearby Businesses Include Manheim Florida Auto Auction, Health Central Hospital, National Training Center (NTC) and Duke Energy

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BERKADIA HOTELS & HOSPITALITY

170 KEYS

Fairfield Inn & Suites Lake Buena Vista Lake Buena Vista, FL

HIGHLIGHTS

Opened / Renovated: 1998 / 2018 Meeting Space: 400 SF Brand Availability: Encumbered Management Availability: Unencumbered

• Near the Orange County Convention Center, the 2nd largest convention center in the U.S.

Contact: Kyle Stevenson, Harry Mancera

• Proximity to world-class attractions and the epicenter of Orlando’s tourism industry

• Leading the competitive set in RevPAR growth and penetration gains • Walking distance to Disney Springs and premier entertainment venues

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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146 KEYS

Home2 Suites by Hilton Orlando / International Drive South Orlando, FL

HIGHLIGHTS

Opened: 2016 Meeting Space: N/A Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Sahlsten

• Profitable asset generating substantial in-place yield and efficient operating margins

• International ridership at Orlando International Airport rose by 11.3% year-overyear to 7.8 million passengers, surpassing pre-COVID levels for the first time

• Recent vintage, institutional quality hotel with concrete-block construction requiring limited upront CapEx

• Highly accessible to dominant Lake Buena Vista and International Drive submarket • Universal’s new multibillion dollar theme park, Epic Universe, is opening May 2025 and expected to bring robust demand to the International Drive submarket

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BERKADIA HOTELS & HOSPITALITY

139 KEYS

Fairfield Inn Orlando Airport Orlando, FL Opened/Renovated: 1998/2016 Meeting Space: 888 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Harry Mancera

HIGHLIGHTS • Prime location just minutes from Orlando international Airport, a gateway for 57.7 Million annual passengers • Top performer in a competitive market with strong revenue metrics • Located in the Leevista Center, a thriving mixed-use corporate business hub • Strategic location capitalizing on the newly opened Orlando Brightline Station

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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111 KEYS

Holiday Inn Express & Suites Fort Myers East The Forum Fort Myers, FL Opened / Renovated: 2009 / 2019 Meeting Space: 600 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Natalie Castillo, Larissa Isenberg

HIGHLIGHTS • Easy Access to I-75, Southwest Florida Regional Airport (RSW), Manatee Park, The Sanibel and Captiva Islands, and Ft Myers Beach • Located at The Forum, a Shopping and Entertainment Destination • Near Ft Myers’ Business District, Lee Civic Center, Harborside Event Center, Florida Gulf Coast University, Chico’s World Headquarters, and Gulf Coast Medical Center • Among the Fastest-Growing Cities in the U.S., Population Increased by 15% Since 2020

• The Boston Red Sox and Minnesota Twins Conduct Spring Training in Lee County, Generating Nearly $70 Million in Visitor Spending Each Season

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BERKADIA HOTELS & HOSPITALITY

101 KEYS

Holiday Inn Express & Suites Sarasota East I-75 Sarasota, FL Opened / Renovated: 2003 / 2019 Meeting Space: 736 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Natalie Castillo, Larissa Isenberg

HIGHLIGHTS • Within a mile from I-75 • A quick drive from Siesta Key, ranked No. 1 Beach in the U.S. by Tripadvisor 2025 • Sarasota Brandenton International Airport opened a new terminal in January 2025 • Developing manufacturing corridor along I-75; distribution companies benefit from proximity to Seaport Manatee • Sarasota hospitality market RevPAR Increased 6% Y-O-Y and 56% Since 2019

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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100 KEYS

Staybridge Suites Tampa East Brandon Tampa, FL Opened / Renovated: 2007 / 2019 Meeting Space: 1,650 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Natalie Castillo, Kyle Sahlsten

HIGHLIGHTS • Near University of South Florida, One of the Fastest Growing Public Universities in the U.S. and Home to One of the Largest Medical Research Districts in the Southeast • Only 3 Miles from Seminole Hard Rock Hotel & Casino Tampa • Near Businesses Including Ford Credit, Amazon, USAA, Citigroup, Progressive, and JP Morgan • Tampa East Hospitality Submarket RevPAR increased 14% Annually and 54% Since 2019

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BERKADIA HOTELS & HOSPITALITY

81

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Courtyard Tampa North I-75 Fletcher Tampa, FL Opened / Renovated: 1995 / 2022 Meeting Space: 326 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Natalie Castillo, Kyle Sahlsten

HIGHLIGHTS • Near Busch Gardens: a 335-Acre Amusement Park and Adventure Island: a 30-Acre Water Park • University of South Florida Broke Ground on an On-Campus Football Stadium, 2.6 Miles From the Courtyard • Offices at Hidden River and Telecom Park are a Few Minutes Away • Tampa North/Busch Gardens Hospitality Submarket RevPAR Increased 21% Annually and 45% Since 2019

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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124 KEYS

Quality Inn Florida City Florida City, FL

HIGHLIGHTS

Opened: 1990 Meeting Space: N/A Brand Availability: Flexible, terminable brand agreements Management Availability: Unencumbered Contact: Natalie Castillo

• Flexible, terminable brand agreements provide optionality for new ownership to implement their vision by upbranding or going independent • Strong in-place cash flow enhances financing opportunities. Additionally, the properties are in excellent condition, allowing for a plug and play operation from a new owner • Operational synergies between the properties allow for improved NOI margins • Significant redevelopment potential with opportunities to pursue alternative uses or expand on the large land parcels

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BERKADIA HOTELS & HOSPITALITY

88

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Travelodge by Wyndham Florida City Homestead Everglades Florida City, FL Opened: 1997 Meeting Space: N/A Brand Availability: Flexible, terminable brand agreements Management Availability: Unencumbered Contact: Natalie Castillo

HIGHLIGHTS • Flexible, terminable brand agreements provide optionality for new ownership to implement their vision by upbranding or going independent • Strong in-place cash flow enhances financing opportunities. Additionally, the properties are in excellent condition, allowing for a plug and play operation from a new owner.

• Operational synergies between the properties allow for improved NOI margins.

• Significant redevelopment potential with opportunities to pursue alternative uses or expand on the large land parcels.

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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KEYS

Fairfield Inn & Suites Melbourne West - Palm Bay Melbourne, FL

HIGHLIGHTS

Opened: 2008 Meeting Space: 384 Brand Availability: Encumbered through 2038 Management Availability: Unencumbered Contact: Natalie Castillo, Kyle Sahlsten

• Highly accessible location at the intersection of I-95 and Space Coast Parkway with proximity to Melbourne-Orlando International Airport and future Brightline stations

• Significant capital invested into back of house and building systems with additional upside via PIP renovation

• Florida’s Space Coast hosts one of the strongest STEM economies in the country with Kennedy Space Center, Patrick Space Force Base, and America’s most prominent aerospace and defense companies • Tangible demographic tailwinds with significant population growth and high wage tech employment

• Stable leisure demand driven by the busiest cruise port in the world, Cape Canaveral, and miles of beautiful coastline

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BERKADIA HOTELS & HOSPITALITY

136 KEYS

Spark by Hilton Conversion Opportunity Mount Prospect, IL

HIGHLIGHTS

Opened / Renovated: 1971 / 2011 Meeting Space: Yes Brand Availability: Unencumbered Management Availability: Unencumbered Contact: Kyle Stevenson, Larissa Isenberg

• Booming greater Chicago market

• 4.5 miles from the proposed Chicago Bears stadium • Lender owned value-add opportunity • Within 9 miles of Chicago O’Hare International Airport • Potential restaurant lease income

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BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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HOTELS & HOSPITALITY Andy Wimsatt

Senior Managing Director 301.202.3571 andy.wimsatt@berkadia.com

LaQuint Lockhart

Senior Director of Operations 301.202.3561 laquint.lockhart@berkadia.com

Investment Sales

Christian Charre

Jared Kelso

Steve Michels

Paul Weimer

Natalie Castillo

Scott Hall

Senior Managing Director 305.205.6722 christian.charre@berkadia.com

Senior Managing Director 917.459.5480 paul.weimer@berkadia.com

Dan Hawkins

Senior Managing Director 617.378.1174 jared.kelso@berkadia.com

Managing Director 561.632.8517 natalie.castillo@berkadia.com

Fernando Garcia-Chacon

Senior Managing Director 607.592.4020 steve.michels@berkadia.com

Managing Director 858.257.4724 scott.hall@berkadia.com

Ryan Lindgren

fernando.garcia-chacon@berkadia.com

Managing Director 312.845.1884 ryan.lindgren@berkadia.com

Denny Meikleham

Kyle Stevenson

Dave Weymer

Aaron Lapping

Steven Vazquez

Christian Overton

Jennifer Jin

Lauren Greenberg

Larissa Isenberg

John Kluh

Harry Mancera

Jake Pietras

Managing Director 240.204.5139 dan.hawkins@berkadia.com

Managing Director 617.648.4186 denny.meikleham@berkadia.com

Senior Director 858.257.4725 aaron.lapping@berkadia.com

Vice President - Production 305.266.5921 jennifer.jin@berkadia.com

Associate Director 410.562.7139 john.kluh@berkadia.com

Managing Director 786.554.6789

Managing Director 786.646.2591 kyle.stevenson@berkadia.com

Senior Director 646.432.7494 steven.vazquez@berkadia.com

Director 646.432.7495 lauren.greenberg@berkadia.com

Associate Director 404.452.1110 harry.mancera@berkadia.com

Kyle Sahlsten

Associate Director 813.574.1398 kyle.sahlsten@berkadia.com

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BERKADIA HOTELS & HOSPITALITY

Managing Director 240.204.5130 dave.weymer@berkadia.com

Senior Director 301.202.3570 christian.overton@berkadia.com

Associate Director 602.997.2793 larissa.isenberg@berkadia.com

Associate Director 410.940.9494 jake.pietras@berkadia.com

Mortgage Banking

Jared Kelso

Steve Michels

Jennifer Dakin

Scott Hall

Matt Raptosh

Mauricio Rodriguez

Lindsey deButts

Katelyn Reynolds

Ethan Wagner

Senior Managing Director 617.378.1174 jared.kelso@berkadia.com

Senior Managing Director 607.592.4020 steve.michels@berkadia.com Managing Director 215.328.1318 matt.raptosh@berkadia.com

Managing Director 858.257.4724 scott.hall@berkadia.com Senior Director 240.204.5131 lindsey.debutts@berkadia.com

Associate Director 213.399.3390 katelyn.reynolds@berkadia.com

Managing Director 202.669.6119 jennifer.dakin@berkadia.com Managing Director 240.204.5133 mauricio.rodriguez@berkadia.com Associate Director 814.574.7376 ethan.wagner@berkadia.com

Connor Wimsatt

Associate Director 240.204.5138 connor.wimsatt@berkadia.com

OFFICES Berkadia Office

Hotels & Hospitality Office

Berkadia Office Hotels & Hospitality Office

Hotels & Hospitality Offices

Boston

Chicago

DC Metro

New York

Orlando

San Diego

125 High Street Suite 1712 Boston, MA 02110

521 Fifth Avenue 16th Floor New York, NY 10175

49

125 S. Wacker Drive Suite 400 Chicago, IL 60606

300 South Orange Avenue Suite 1325 Orlando, FL 32801

4445 Willard Avenue Suite 1200 Chevy Chase, MD 20815

Miami

1111 Brickell Avenue Suite 1650 Miami, FL 33131

4275 Executive Square Suite 900 La Jolla, CA 92037

BERKADIA HOTELS & HOSPITALITY NYU HOTEL CONFERENCE | JUNE 1-3, 2025

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Berkadia is proud to collaborate with global property consultancy Knight Frank to offer our clients unparalleled access to the world’s most active investors, spanning all key capital hubs to enable deeper relationships with diverse sources.

As we continue to expand our capabilities as fullservice, tech-enabled advisors dedicated to better serving the needs of our clients, this strategic alliance deeply broadens our reach, market exposure and relationships around the globe, allowing our clients to achieve their real estate goals and objectives.

The Americas 3 Territories

Canada The Caribbean | USA

232

OFFICES

9,130+ PEOPLE

Knight Frank’s 127-year legacy as the largest privately-owned capital markets platform fully complements Berkadia’s industry-leading Investment Sales, Mortgage Banking and Servicing capabilities, allowing us to deliver clients greater value and more investment opportunities.

Together, Knight Frank and Berkadia offer a combined global network comprising more than 24,500 people across 560 offices in 53 territories, spanning all key capital hubs.

Our alliance offers clients greater access to the world’s broader institutional, private, sovereign wealth and ultra-high-net-worth investor network.

Berkadia’s culture, principles and shared mission align with Knight Frank’s. From our peoplefirst, client-centric and community-focused mindset, to our integrity and shared commitment to excellence, our collective goal is to enhance people’s lives and environments. * Berkadia and Knight Frank combined statistics as of year-end 2022

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BERKADIA HOTELS & HOSPITALITY

NEW YORK SAN FRANCISCO

Europe

17 Territories

United Kingdom 4 Territories

England | Scotland Wales | Jersey

79

Austria | Belgium | Bulgaria Czech Republic | France Germany | Greece | Hungary Ireland | Italy | The Netherlands Poland | Portugal | Romania Serbia | Spain | Switzerland

Asia Pacific

16 Territories Australia | Cambodia | China Fiji | Hong Kong | India Indonesia | Japan | Malaysia New Zealand | Philippines Singapore | South Korea Taiwan | Thailand | Vietnam

67

OFFICES

OFFICES

3,030+

1,040+

PEOPLE

PEOPLE

LONDON

BERLIN

153

PA R I S

OFFICES

10,570+ PEOPLE

SHANGHAI DUBAI MUMBAI

HONG KONG

6

OFFICES

120+

23

PEOPLE

OFFICES

600+

SINGAPORE

NAIROBI

PEOPLE

The Middle East 4 Territories

Africa

9 Territories

Bahrain | Qatar Saudi Arabia | UAE

Botswana | Kenya | Malawi Nigeria | South Africa Tanzania | Uganda Zambia | Zimbabwe

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BERKADIA HOTELS & HOSPITALITY NYU NYU HOTEL HOTEL CONFERENCE CONFERENCE ||JUNE JUNE1-3, 1-3,2025 2025

SYDNEY

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© 2025 Berkadia Proprietary Holding LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This advertisement is not intended to solicit commercial mortgage company business in Nevada. Investment sales / real estate brokerage business is conducted exclusively

by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. In California, Berkadia Commercial Mortgage LLC makes or arranges loans pursuant to a California Financing license. Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. #01931050. For state licensing details for the above entities, visit www.berkadia.com/licensing.0125AW