Berkadia Hotels & Hospitality ALIS Conference 2021

BERKADIA

INVESTMENT OPPORTUNITIES ALIS CONFERENCE

JULY 26-28, 2021

a Berkshire Hathaway and Jefferies Financial Group company

Fast, collaborative, and agile; our team is challenging the status quo and redefining the industry with a new vision. At Berkadia we have one goal... yours!”

ANDREW COLEMAN Senior Managing Director, Head of Hotels & Hospitality Berkadia

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BERK ADIA HOTELS & HOSPITALITY

ON MARKET LISTINGS

PROPERT Y

L O C AT I O N

#

Time & Temperature Building Project

Por tland, ME

4

Residence Inn Providence

War w ick , RI

4

Radisson Hotel Providence

War w ick , RI

4

Homewood Suites

G l a s t o n b u r y, C T

5

Homewood Suites

Needham, MA

5

Hampton Inn

Fr a n k l i n , M A

6

Hampton Inn

Fa i r h a v e n , M A

6

DoubleTree Downtown Wilmington - Legal District

Wilmington, DE

6

Saranac Water front Lodge

Saranac L ake, NY

7

Marriott Syracuse - Recapitalization

Syracuse, NY

7

Holiday Inn Greenbelt

Greenbelt , MD

8

SpringHill Suites Annapolis

Annapolis , MD

8

Hyatt Place Fredericksburg

Fredericksburg, VA

8

Courtyard by Marriott Jacksonville NC

Jack sonville, NC

9

TownePlace Suites Goldsboro

Goldsboro, NC

9

Hampton Inn & Suites Destin

Destin, FL

10

Alof t Jacksonville Airport

Jack sonville, FL

10

Holiday Inn Tampa Westshore

Ta m p a , F L

11

Four Point s Tampa West shore

Ta m p a , F L

11

Hotel Indigo Sarasota

Sarasota, FL

11

Sheraton Suites Ft. Lauderdale at Cypress Creek

Ft . L auderdale, FL

12

Aloft Miami Dadeland

Miami, FL

12

Tropical Breeze Resor t

Sies ta Key, FL

13

Woodspring Suites Baton Rouge Por tfolio

Baton Rouge, L A

13

Downtown Atlanta Proposed Hotel

Atlanta, GA

13

Home2 Lewis ville Dallas

Lewisville, T X

14

Element Boulder Superior

S u p e r i o r, C O

14

Cour tyard Petaluma Sonoma County

Petaluma, CA

15

3 Peaks Resor t & Beach Club

South Lake Tahoe, CA

15

The Tides Oceanview Inn & Cottages

Pismo Beach, C A

15

ALIS Conference / July 26-28, 2021

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Time & Temperature Building Project Portland, ME Opened: TBD Meeting Space: 8,000 SF Brand Availability: Unencumbered Management Availability: Unencumbered HIGHLIGHTS • Designed as a boutique hotel • Historic rehab • Excellent location Contact: Denny Meikleham

196 KEYS

Residence Inn Providence Warwick, RI Opened: TBD Meeting Space: 742 SF Brand Availability: Residence Inn Management Availability: Unencumbered HIGHLIGHTS • Shovel ready Residence Inn project • Excellent airport location • Replacing original Gen Residence Inn Contact: Denny Meikleham, Dave Weymer

139 KEYS

ResidenceInnProvidence.Berkadiarea.com

Radisson Hotel Providence Warwick, RI Opened/Renovated: 1969/2019 Meeting Space: 11,000 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Recently renovated • Proximate to airport • Extensive meeting room facilities Contact: Denny Meikleham, Dave Weymer

112

KEYS

Radissonpvd.Berkadiarea.com 4

BERK ADIA HOTELS & HOSPITALITY

136 KEYS

Homewood Suites Hotel Glastonbury, CT

HIGHLIGHTS • Excellent location in Hartford’s #1 suburban market

Opened/Renovated: 2006/2016 Meeting Space: 1,788 SF Brand Availability: Encumbered Management Availability: Unencumbered

• RevPAR leader in comp set • Proximate to numerous demand generators Contact: Denny Meikleham

NEHiltonHotelPortfolio.Berkadiarea.com

134 KEYS

Homewood Suites Hotel Needham, MA Opened: 2018 Brand Availability: Encumbered Management Availability: Unencumbered

HIGHLIGHTS • Excellent location • Opened in 2018 • RevPAR leader in comp set • Proximate to new demand generators

Contact: Denny Meikleham

ALIS Conference / July 26-28, 2021

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Hampton Inn Franklin, MA Opened: 2000 Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Excellent location • Strong brand affiliation • Excellent condition Contact: Denny Meikleham

94

KEYS

NEHiltonHotelPortfolio.Berkadiarea.com Hampton Inn Fairhaven, MA Opened: 1995 Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Excellent location • Strong brand affiliation • Excellent condition Contact: Denny Meikleham

107 KEYS

DoubleTree Downtown Wilmington Legal District Wilmington, DE Open / Renovated: 1979 / 2012 Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Premium branded hotel offered at a discount to replacement cost • Significant value-add opportunity • Irreplaceable downtown location Contact: Dan Hawkins, Dave Weymer

217 KEYS

DoubleTreeWilmington.Berkadiarea.com 6

BERK ADIA HOTELS & HOSPITALITY

93

KEYS

SaranacWaterfrontlodge.Berkadiarea.com Saranac Waterfront Lodge Saranac Lake, NY Opened: 2020 Meeting Space: 3,100 SF Brand Availability: Unencumbered Management Availability: Unencumbered

HIGHLIGHTS • New build boutique hotel • Waterfront location • Premier drive to resort market

Contact: Denny Meikleham, Dave Weymer

RECAPITALIZATION

315 KEYS

MarriottSyracuse.Berkadiarea.com Marriott Syracuse Syracuse, NY Opened/Complete Renovation: 1924/2018 Meeting Space: 34,500 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Denny Meikleham

HIGHLIGHTS • #1 Hotel in Syracuse • Restored to like-new condition • Strategic location • Spectacular meeting and conference space

ALIS Conference / July 26-28, 2021

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Holiday Inn Greenbelt Greenbelt, MD Opened: 1984 Meeting Space: 432 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Dynamic location centered among a robust mix of demand generators • Significant management value-add opportunity • Efficient compact full-service offering Contact: Kyle Stevenson, Dan Hawkins

206 KEYS

HolidayInnGB.Berkadiarea.com

SpringHill Suites Annapolis Annapolis, MD Opened / Renovated: 2006 / 2014 Meeting Space: 325 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Purpose-built and award-winning hotel offered well-below replacement cost • Strong historical performance with attainable upside • High barriers to entry with limited new supply Contact: Dan Hawkins

120 KEYS

SpringHillAnnapolis.Berkadiarea.com

Hyatt Place Fredericksburg Fredericksburg, VA Opened: 2014 Meeting Space: 2,000 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Purpose-built, premium branded Hotel offered at a substantial discount to replacement cost • Significant management value-add opportunity • Outstanding location on the University of Mary Washington & Mary Washington Hospital campuses Contact: Kyle Stevenson, Dan Hawkins

8

BERK ADIA HOTELS & HOSPITALITY

93

KEYS

HyattPlaceFredericksburg.Berkadiarea.com

112

KEYS

Courtyard by Marriott Jacksonville NC Jacksonville, NC Opened: 2015 Meeting Space: 5,800 SF Management Availability: Unencumbered

HIGHLIGHTS • Strong brand affiliation • Excellent Condition • Market expected to dramatically outperform pre-pandemic levels over the next 5 years

Contact: John Testerman

98

KEYS

TownePlace Suites Goldsboro Goldsboro, NC Opened: 2015 Management Availability: Unencumbered Contact: John Testerman, John Kluh

HIGHLIGHTS • Substantial discount to replacement cost • Excellent Condition • Strategic Locatoin • 2021 performace expected to match 2019

ALIS Conference / July 26-28, 2021

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130 KEYS

HamptonInnDestin.Berkadiarea.com Hampton Inn & Suites Destin Destin, FL Opened/Renovated: 1994/2014 Meeting Space: 504 SF Brand Availability: Encumbered Management Availability: Unencumbered

HIGHLIGHTS • 100 yards from the Beach • Concrete and completely rebuilt in 2014 • On pace for record year of performance

Contact: Preston Reid, Wyatt Krapf

136 KEYS

AloftJacksonville.Berkadiarea.com Aloft Jacksonville Airport Jacksonville, FL

HIGHLIGHTS • 2021 performance expected to match 2019

Opened/Renovated: 2009/2019 Meeting Space: 600 SF Brand Availability: Encumbered Management Availability: Unencumbered

• Recent renovation in 2019 • Substantial discount to replacement cost

Contact: Preston Reid, Michael Weinberg, Wyatt Krapf

10

BERK ADIA HOTELS & HOSPITALITY

Holiday Inn Tampa Westshore Tampa, FL Opened: 1986/2020 Meeting Space: 12,329 SF Brand Availability: Encumbered Management Availability: Unencumbered

284 KEYS

HolidayInnTampa.Berkadiarea.com

HIGHLIGHTS • Located in Westshore, Tampa’s largest office market with 100,000 jobs • Tremendous management opportunity; property finished 2019 with $9.3 million of revenue • Strong historical performance; 2019 NOI was $2.73M • Seller just completed $6 million PIP in 2020 Contact: Preston Reid, Wyatt Krapf

Four Points Tampa Westshore Tampa, FL Opened: 1986/2019 Meeting Space: 8,820 SF Brand Availability: Unencumbered Management Availability: Unencumbered

263 KEYS

HIGHLIGHTS • Less than 10 minutes from downtown and the airport • Minimal going in capital • 100% two-room suites Contact: Preston Reid, Wyatt Krapf

FourPointsTampa.Berkadiarea.com Hotel Indigo Sarasota Sarasota, FL Opened/Renovated: 2006/2016 Meeting Space: 1,200 SF Brand Availability: Encumbered Management Availability: Unencumbered

95

KEYS

HotelIndigoSarasota.Berkadiarea.com

HIGHLIGHTS • Value-add opportunity with PIP • Attractive basis • Adjacent to $1 billion mixed-use development project (The Quay Sarasota) Contact: Preston Reid, Michael Weinberg, Wyatt Krapf

ALIS Conference / July 26-28, 2021

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258 KEYS

SheratonFortLauderdale.Berkadiarea.com Sheraton Suites Ft. Lauderdale at Cypress Creek Ft. Lauderdale, FL Opened/Renovated: 1986/2020 Meeting Space: 11,335 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Preston Reid, Wyatt Krapf

HIGHLIGHTS • Surrounded by 4 million SF of office space • 100% two-room suites • Potential to convert to Multifamily

119 KEYS

AloftDateland.Berkadiarea.com Aloft Miami Dadeland Miami, FL Opened/Renovated: 1975/2016 Meeting Space: 386 SF Brand Availability: Encumbered Management Availability: Unencumbered

HIGHLIGHTS • Lender-controlled sale • Substantial discount to replacement cost

Contact: Preston Reid, Michael Weinberg, Wyatt Krapf

12

BERK ADIA HOTELS & HOSPITALITY

Tropical Breeze Resort Siesta Key, FL Opened/Renovated: Multiple/2018 Brand Availability: Unencumbered Management Availability: Unencumbered

54

KEYS

HIGHLIGHTS • Incredible location within #1 Beach in US • RevPAR exceeds Keys resorts • Opportunity to purchase luxury vacation rental portfolio with same ownership Contact: Preston Reid, Wyatt Krapf

SiestaKeyPortfolio.Berkadiarea.com

Woodspring Suites Baton Rouge Portfolio Baton Rouge, LA Opened: 2010 Management Availability: Unencumbered

242 KEYS

WoodspringSuitesBatonRouge.Berkadiarea.com

HIGHLIGHTS • Excellent Condition • Portfolio provided incredibly strong performace through the COVID pandemic • Assets achieved an average 72% occupancy in 2020, Prime to benefit from $10B in energy investments within Baton Rouge Contact: Kyle Stevenson, John Testerman

Downtown Atlanta Proposed Hotel Atlanta, GA Opened/Renovated: 1950/2021 Brand Availability: Unencumbered Management Availability: Unencumbered HIGHLIGHTS • Proposed Four Points by Sheraton Conversion

124 KEYS

• Priced well below replacement cost • Well located within downtown Atlanta Contact: Kyle Stevenson, John Testerman

DowntownAtlanta.Berkadiarea.com ALIS Conference / July 26-28, 2021

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122 KEYS

Home2Lewisville.Berkadiarea.com Home2 Lewisville Dallas Lewisville, TX Opened: 2020 Meeting Space: 1,112 SF Management Availability: Unencumbered

HIGHLIGHTS • Dynamic suburban North Dallas submarket • 8 minutes from DFW airport with Freeway Access and Visibility

Contact: Spencer Scott, Kyle Stevenson

121 KEYS

ElementSuperior.Berkadiarea.com Element Boulder Superior Superior, CO Opened: 2019 Meeting Space: 757 SF Management Availability: Unencumbered Contact: Spencer Scott

14

BERK ADIA HOTELS & HOSPITALITY

HIGHLIGHTS • Vibrant North Denver nexus • 9 minutes from Boulder with Freeway Access and Visibility

Courtyard Petaluma Sonoma County Petaluma, CA Opened: 2021 (June) Management Availability: Unencumbered

122

HIGHLIGHTS • Surging Sonoma County economy • 38 miles north of San Francisco • High barrier to entry market Contact: Spencer Scott, Scott Hall, Kyle Stevenson

KEYS

CourtyardPetaluma.Berkadiarea.com 3 Peaks Resort & Beach Club South Lake Tahoe, CA Opened: 1959 Brand Availability: Unencumbered Management Availability: Unencumbered

67

KEYS

3PeaksResort.Berkadiarea.com

HIGHLIGHTS • Quality leisure asset with strong existing cashflow • Fee-simple, non-union, unencumbered opportunity in high-barriers-to-entry market • Strategic central location in the heart of South Lake Tahoe, footsteps from Heavenly Village and Lakeside Beach • Diverse room types with tremendous revenue management flexibility Contact: Scott Hall, Aaron Lapping, Spencer Scott

The Tides Oceanview Inn & Cottages Pismo Beach, CA Opened/Renovated: 1947 and 1950’s / 2014 Brand Availability: Unencumbered Management Availability: Unencumbered

27

KEYS

TheTides.Berkadiarea.com

HIGHLIGHTS • Irreplaceable oceanfront location • Sweeping whitewater views of the Pacific Ocean • Durable in-place cash flows with tremendous upside potential including future redevelopment • High barriers to entry market Contact: Scott Hall, Aaron Lapping

ALIS Conference / July 26-28, 2021

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SELECTED CLOSINGS INVESTMENT SALES

MULTIFAMILY CONVERSION Hilton Garden Inn Fairfax Fairfax, VA

Hyatt House Nashville Nashville, TN

Georgetown Suites Washington, DC

149 Rooms

217 Rooms

160 Rooms

DoubleTree Atlanta Airport Atlanta, GA

Sheraton Park Hotel @ The Anaheim Resort Anaheim, CA

DoubleTree by Hilton Hotel Dallas – Farmers Branch Farmers Branch, TX

220 Rooms

486 Rooms

160 Rooms

Hilton Garden Inn / Homewood Suites Dual-Brand Jacksonville Jacksonville, FL

SpringHill Suites Truckee Truckee, CA

Residence Inn Cape Canaveral, FL

114 Rooms

150 Rooms

221 Rooms (Combined)

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BERK ADIA HOTELS & HOSPITALITY

SELECTED CLOSINGS MORTGAGE BANKING

Fairmont Austin Austin, TX

Chicago Portfolio Chicago, IL

Hotels at Flamingo Crossing Orlando, FL

$425,000,000

$150,500,000

$140,000,000

Great Wolf Lodge Anaheim, CA

Residence Inn Boulder Boulder, CO

AC Tampa Tampa, FL

$170,000,000

$32,000,000

$20,000,000

Hampton Inn Clearwater Beach Clearwater, FL

The Troubadour Hotel New Orleans, LA

Hilton Garden Inn Arlington, VA

$20,000,00

$19,000,000

$19,900,000

ALIS Conference / July 26-28, 2021

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HOTELS & HOSPITALITY

Andrew Coleman

Senior Managing Director

Matthew Dower

Director of Operations

240.204.5132 312.845.8513 andrew.coleman@berkadia.com matthew.dower@berkadia.com

Mortgage Banking

Matt Raptosh

Mauricio Rodriguez

215.328.1318 matt.raptosh@berkadia.com

240.204.5133 321.319.1419 mauricio.rodriguez@berkadia.com michael.weinberg@berkadia.com

Lindsey deButts

Connor Wimsatt

240.204.5131 lindsey.debutts@berkadia.com

240.204.5138 connor.wimsatt@berkadia.com

Managing Director

Associate Director

Managing Director

Michael Weinberg Managing Director

Associate Director

Investment Sales

Scott Hall

Dan Hawkins

Denny Meikleham

858.257.4724 scott.hall@berkadia.com

240.204.5139 dan.hawkins@berkadia.com

617.648.4186 denny.meikleham@berkadia.com

Preston Reid

Kyle Stevenson

Dave Weymer

813.675.0113 preston.reid@berkadia.com

786.646.2591 kyle.stevenson@berkadia.com

240.204.5130 dave.weymer@berkadia.com

Wyatt Krapf

Aaron Lapping

Spencer Scott

813.675.0467 wyatt.krapf@berkadia.com

858.257.4725 aaron.lapping@berkadia.com

602.522.5204 spencer.scott@berkadia.com

John Testerman

Mabelle Perez

John Kluh

919.436.2793 john.testerman@berkadia.com

786.646.2587 mabelle.perez@berkadia.com

301.202.3563 john.kluh@berkadia.com

Managing Director

Managing Director

Senior Director

Senior Director

18

Managing Director

Managing Director

Senior Director

Director

BERK ADIA HOTELS & HOSPITALITY

Managing Director

Managing Director

Senior Director

Associate Director

BerkadiaBerkadia Office

Office

Hotels & Hospitality Office Hotels & Hospitality

Office

Hotels & Hospitality Offices

Boston

Chicago

DC Metro

Miami

Orlando

Raleigh

San Diego

Scottsdale

Tampa

10 Milk Street Suite 720 Boston, MA 02108

1111 Brickell Avenue Suite 1650 Miami, FL 33131

4275 Executive Square Suite 900 La Jolla, CA 92037

125 S. Wacker Drive Suite 400 Chicago, IL 60606

300 South Orange Avenue Suite 1325 Orlando, FL 32801

6720 N. Scottsdale Road Suite 300 Scottsdale, AZ 85253

4445 Willard Avenue Suite 1200 Chevy Chase, MD 20815

3700 Computer Drive Suite 315 Raleigh, NC 27609

4890 W. Kennedy Blvd Suite 940 Tampa, FL 33609

ALIS Conference / July 26-28, 2021

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