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• Fee-simple interest in the third-party managed 180-room Holiday Inn Earth City, MO
• Available for individual purchase in the February 12th Ten-X auction event
• Offered unencumbered by debt or management
• Ability to secure a new long-term franchising agreement with IHG
• Opportunity for qualified buyers to retain the Holiday Inn flag or reposition the asset as a dual-brand Holiday Inn + Candlewood Suites
• Significant operational upside transferring from third-party management to regional hands-on ownership with stronger operating economies of scale

• Directly situated on the intersection of Interstate 70 and Route 141, providing easy access to downtown St. Louis and all regional demand
• Located in the submarket of St. Louis Lambert International Airport, which serves over 15 million passengers annually, has experienced a 14% YOY increase in passenger enplanements, and is currently undergoing a $650 million expansion
• Proximate to all core leisure demand, including Ryze Adventure Park, Hollywood Casino, Ameristar Casino, St. Charles Historic District, Centene Community Ice Center, and Hollywood Casino Amphitheatre accommodating up to 19,000 guests
• Conveniently situated near all area corporate demand, including Spectrum, Nidec Motor Corporation, World Wide Technology Global Headquarters, LIM Aerospace Inc., Save A Lot, United Parcel Service (UPS), and Boeing, the world's largest aerospace company by revenue, generating $77.8 billion in 2023
• Near all major university demand, including University of Missouri-St. Louis, Lindenwood University, Maryville University, Webster University, and St. Louis Community College the largest higher educational institution in the region
• Ideally located within the St. Louis MSA, home to approximately 2.8 million people – the 21st largest MSA in the US

UNDER CONTRACT

• Leasehold interest in the institutionally-owned, recently renovated, and third-party managed 66-room Fairfield Inn & Suites St. Clairsville, Ohio
• Unencumbered by third-party management with an opportunity to retain the Fairfield brand for the remaining term with no PIP costs
• Potential opportunity to convert following short term licensure with Marriott and recoup investment through hands-on management / cash flow

LOCATION SUMMARY

• Strategically located off I-70 allowing easy access to regional markets with over 50,000 vehicles passing the location daily
• Significant operating improvement prospects following transferring to a regional owner/operator model with strong local economies of scale
• Located near all local university demand, including Wheeling Jesuit University, West Liberty University, West Virginia Northern Community College, Belmont College, and Ohio University Eastern Campus, accounting for 6,000 students
• Proximate to all healthcare demand, including the 223-bed Wheeling Hospital, 140-bed East Ohio Regional Hospital, and the under-construction Trinity Hospital
• Situated near all area corporate demand, including Riesbeck’s food Markets headquartered in St. Clairsville, Stingray Energy Services, and American Consolidated Natural Resources, Inc.
• Strong area regional leisure demand includes WesBanco Arena, Carriage House Museum, Capitol Theatre, Belmont County Fairgrounds, and Wheeling Island Casino and Racetrack, which features 1,400 slots, 20 table games, and a 9-table poker room

UNDER CONTRACT

• Fee simple interest in the 107-key Comfort Inn Chicago Matteson, IL
• Available unencumbered by debt or management
• Ability to relicense with Choice for a new long-term franchise agreement
• Significant potential for operational improvements with effective hands-on ownership and stronger operating economies of scale

• Directly situated at the intersection of Interstate 57 and Lincoln Highway, with high visibility and over 100,000 vehicles passing by daily
• Conveniently located near a variety of healthcare demand including South Suburban Hospital, UChicago Medicine at Ingalls-Flossmoor, and Franciscan Health Olympia Fields, a 300-bed Level 1 Trauma Center
• Proximate to all nearby corporate demand including the Tinley Park Convention Center, Ford Motor Co. Stamping Plant, Dot Foods Distribution Center, and the 855,000 square foot Matteson Amazon Fulfillment Center
• Proximate to all neighboring leisure demand including Odyssey Fun World, Forest Preserves of Cook County, and Olympia Fields Country Club, home to two 18-hole golf courses, one of which is consistently ranked in the top 50 courses in the United States
• Easily accessible to Chicago’s two primary airports – Midway International which recently completed a $74MM renovation, and O’Hare International Airport currently undergoing a massive $8.5B expansion and modernization
• Ideally located in the Chicago MSA, home to approximately 9.4MM people – the third largest MSA in the US

UNDER CONTRACT

• Receivership sale for the 379-key Doubletree by Hilton Downtown Cleveland Lakeside
• Fee Simple interest is offered unencumbered of debt and management
• Property will trade at a steep discount to the total loan exposure of ~$37MM
• Property is available for relicense under the existing Hilton flag or potentially available unencumbered for alternative branding or alternative use
• Substantial operational upside in completing the PIP and transitioning the asset out of receiver control

• Walking distance to the Rock N Roll Hall of Fame – host to 600,000 annual visitors and Cleveland’s top tourist destination
• Walking distance to all three downtown professional sports venues – Rocket Mortgage Fieldhouse, Cleveland Browns Stadium, and Progressive Field  – cumulatively accounting for ~220 annual home games
• Walking distance to the newly renovated 410,000 SF Huntington Convention Center – which saw a 29% increase in convention center booking in 2023 over 2022
• The Cleveland hotel market remains a unique counter-cyclical investment with YOY visitors gains of +9% and 2024 forecasts anticipated to outpace 2019 record of 20 million visitors
• Optimal time to be investing in downtown Cleveland amidst several large-scale redevelopments, including the $3.5B Riverfront Masterplan set to transform 35-acres of downtown waterfront
• Planning is well underway for the $3B multi-phase redevelopment of Cleveland Hopkins International Airport intended to expand visitor capacity and airline routes

UNDER CONTRACT

• Fee Simple interest in the 100-room Hampton Inn & Suites Pittsburgh Airport South- Settlers Ridge
• Property is institutionally owned and managed
• The property is being offered for sale at a substantial discount to replacement cost and unencumbered of debt and management
• Strong year-over-year +9% RevPAR growth with asset pacing to +$90 RevPAR
• Core-branded 2016-constructed asset available for a new 15-year relicense with Hilton
• Development well underway for a ~$1.6B airport renovation and modernization to better accommodate preferred passenger routes

LOCATION SUMMARY

• Walking distance to Settlers Ridge – the $100MM mixed use lifestyle center with more than 40 retail and dining establishments
• Proximate to all broader airport corporate corridor demand – including Dick’s Sporting Goods HQ, Covestro North America HQ and the Pittsburgh Airport Innovation campus
• Ideally situated proximate to the heavily trafficked airport commercial corridor – home to numerous big box retail establishments including IKEA, Target, Sam’s Club and the 872,000SF Mall at Robinson Town Center
• Property is readily accessible to Interstate 376 and Interstate 76 with upwards of 85,000 cars passing the location daily
• Situated approximately 10 miles from downtown Pittsburgh and proximate to all regional demand including the University of Pittsburgh, Carnegie Mellon University, Heinz Field, PNC Park, the Pittsburgh Convention Center, and Pittsburgh International Airport
• Optimal time to invest in the Pittsburgh MSA with strong diversified growth in the life sciences and tourism sector with more than 20MM visitors totaling $6.4MM economic impact

UNDER CONTRACT

• Fee simple interest in the institutionally owned and third-party managed 80-room Residence Inn Kansas City Independence, MO
• Available for individual sale as part of a larger 9-property institutional portfolio sale in the August 15th auction event via Ten-X
• Offered unencumbered by management, with an ability to complete the PIP and retain the Residence Inn brand through a relicensing agreement with Marriott
• Within walking distance of Centerpoint Medical Center, a major hospital in Independence, and Independence Center, with over 100 popular retail stores and restaurants
• Minutes from local Independence and Jackson County demand, including Truman Sports Complex, home to Arrowhead Stadium and Kauffman Stadium, Cable Dahmer Arena, EPIC Center, and Lee’s Summit Sports Complex. Convenient to all broader Kansas City regional attractions, including Worlds of Fun, Country Club Plaza, Kansas City Zoo and Aquarium, Union Station, and the Kansas City Power and Light District
• Kansas City International Airport (KCI) opened a new $1.5 billion terminal in February 2023 and served 11.5 million passengers for the year, the highest number since 2000 and an almost 18% increase over 2022’s passenger volume
• In 2026, Kansas City will host six FIFA World Cup matches, including a quarterfinal at Arrowhead Stadium, drawing over seven million tourists and generating $620 million in economic activity

UNDER CONTRACT

• Fee Simple interest in the 109-room SpringHill Suites Pittsburgh Latrobe
• Property is institutionally owned and operated
• The property is being offered for sale at a substantial discount to replacement cost and unencumbered of debt and management
• Asset has strong in-place yield and +90 RevPAR allowing for the asset to be readily financeable in current debt markets
• Property is seeing material performance gains  with year to date RevPAR up 12%

UNDER CONTRACT

• Fee-simple interest in the institutional-quality and receiver-managed 358-room Sheraton Hotel Lincoln Harbor NJ offered for sale through Receivership
• Full-service Marriott property located within the top MSA in the United States with ~ $170 of in-place RevPAR
• Substantial operational upside in purchasing the hotel through receivership, completing the Marriott change of ownership PIP, and repositioning the asset amongst the competitive set
• Very high barrier to entry waterfront location on the Hudson River overlooking midtown Manhattan and offered at a fraction of replacement cost
• Property is situated within a prominent mixed-use development in Weehawken featuring 1.2MM SF of office space and a 570-unit luxury residential building
• Readily accessible location with convenient access to the Lincoln Tunnel and proximity to the New York Waterway Ferry and Port Imperial Station, providing direct access to Midtown Manhattan
• Popular nearby leisure attractions include Liberty State Park, Lincoln Harbor Yacht Club, Weehawken Waterfront Park, Weehawken Recreation Pier, and Boulevard East
• The area is home to several institutions of higher education including Stevens Institute of Technology, Saint Peter’s University, Hudson Community College, and New Jersey City University
• Proximate to the region’s major demand drivers including JPMorgan Chase & Co, UBS, Hanover Direct, Allied Universal, Amazon Flex, and Certara
• Easily accessible to nearby healthcare facilities including the 781-bed Hackensack University Medical Center, 316-bed Jersey City Medical Center, and the 333-bed Hoboken University Medical Center
• New York City Tourism and Convention reported that total visitation for 2023 eclipsed 62.2 million visitors, a 9.6% increase over 2022, largely fueled by a robust 23% surge in international travel compared to the previous year
• Property is conveniently located to the tri-state area’s three major airports: LaGuardia Airport, the closest, Newark Liberty International Airport, and John F. Kennedy International Airport. Together, these airports served a record 144 million passengers in 2023, their busiest year, up 3% from 2019
• New York City forecasts that 2025 will welcome over 68 million visitors, surpassing 2019 records by nearly 2 million, while also serving as a prestigious venue for future global sports events such as the FIFA World Cup 2026