• 14.4% Cap Rate before management fee
• YTD 2024 revenue & RevPar up 15%
• Opportunistically priced with PIP in mind at less than $75k per key, 60% less than today’s replacement cost
• RevPar is currently 25% below the nearby Hilton products
• Ownership transfer PIP is available
• The completion of the PIP could reposition the Courtyard back to historical performance at an "all in" cost still less than 40% of today's cost
• Historically, one of the market leaders, along with Hilton Garden Inn & Hampton