Courtyard by Marriott Ann Arbor, MI

• Fee simple interest in the 160-key institutionally owned and third-party managed Courtyard by Marriott Ann Arbor, MI. Property is offered unencumbered by debt and management
• Rare opportunity to acquire a core branded asset in the heavily sought after University of Michigan Ann Arbor market
• In-place ~$100 RevPAR, $6.3mm of total revenue, and $2.3mm of EBITDA contribute to the asset being readily financeable
• Opportunity to retain the Courtyard brand under a new long-term license agreement with Marriott
• Steel/concrete build with 3,400 sf of meeting space

Well Located to Key Market Demand Drivers

• Property is located approximately two-miles from the 107,000-fan capacity Michigan Stadium (“The Big House”) – the single largest stadium in the US and home to the 2023 National Football Champion Michigan Wolverines
• Property is located approximately three miles from the heavily sought after University of Michigan with current record enrollment of ~52,000 students and a noteworthy $17B endowment
• The University is Michigan has the largest percentage of out of state and international enrollment of any public university in the United Sates at 45%
• Property is located ~five miles from the University of Michigan Hospital, a national healthcare destination – ranked first in Michigan and 17th in the United States
• Property is located in the heart of Ann Arbor’s South State Street Corridor – home to 1MM SF of retail space, 900,000 SF of office space, and 580,000 SF of industrial and light manufacturing space
• Property sits adjacent to the planned $400MM ‘Arbor South’ 20-acre mixed use development – set to deliver an additional 1,000 residential units and 76,000 SF of ground floor commercial to the area
• Ann Arbor is readily accessible via Detroit Metropolitan Wayne County Airport – serving 800 flights daily to more than 125 non-stop destinations
• Location is readily accessible via the heavily trafficked I94 / State St interchange with upwards of 100,000 vehicles passing the location daily