Epic Universe Embedded Upside - Universal’s Epic Universe is already a material demand driver, generating approximately 19% year-over-year growth in Universal theme park revenue in 3Q 2025, despite not operating at full throughput, continuing to ramp staffing and operations, and actively scaling attendance into 2026. Universal has also filed permits for a 150,000 SF new structure, signaling future attraction investment. With the park still below full capacity, Epic Universe provides a multi-year runway for incremental visitation and lodging demand.

Record Hotel Tax Collections Confirm Demand > Supply - Orange County collected a record $384.6 million in hotel tax revenue in FY 2025, representing approximately 7% year-over-year growth, despite the delivery of roughly 2,500 new hotel rooms, many of them high-quality assets located near Epic Universe. The strength of tax collections confirms that new supply has been absorbed rather than pressured, providing clear evidence of excess demand in the market.

Disney’s $1.7 Billion Expansion Commitment - Disney has announced a $1.7 billion investment at Walt Disney World over the next decade, reinforcing long-term confidence in Orlando and supporting sustained visitation growth well beyond current levels.

Diversified Park Reinvestment - In addition to Universal and Disney, SeaWorld Orlando continues to reinvest through new attractions and planned on-site hotels, reducing reliance on any single park and supporting durable regional demand.

Contiguous Multi-Parcel Assembly Enhances Optionality - The assemblage of three parcels creates a contiguous site with flexibility for phased development, alternative site layouts, or potential subdivision strategies depending on investor objectives.

Favorable Zoning Supports Commercial Development - The Site is zoned CT (Commercial Tourist), a designation that is purpose-built for hospitality and tourism-oriented uses, streamlining entitlement risk and aligning with the highest-demand asset classes in the market.

Minimal Wetland Impact Maximizes Usable Acreage - Only ~5% of the Site is impacted by wetlands, leaving the vast majority of the parcel developable and allowing for efficient site planning and density optimization.

Unencumbered of Brand and Management - The Site is delivered free and clear of any brand affiliation or management constraints, providing investors with maximum flexibility to pursue the highest and best use, select optimal franchise positioning, or execute an independent development strategy.