PROPERTY OVERVIEW

HUNTER HOTEL ADVISORS has been exclusively retained relating to the solicitation of offers to acquire the 100-room Residence Inn Fort Lauderdale Weston. The Hotel is proximate to multiple healthcare and corporate demand generators in the affluent, master-planned community of Weston. Less than a mile from the Hotel is Cleveland Clinic Weston Hospital, a 258-bed, fully integrated medical campus that includes a 24-hour emergency department, diagnostic centers, and outpatient surgery facilities. Corporate demand is derived from the Sawgrass Technology Park (515,000 square feet with notable tenants which include American Express Corporation, Ford’s Sunrise Engineering Center, New York Life, and Pet Supermarket HQ) and several distribution centers. Leisure demand to the area is driven by Everglades National Park, Amerant Bank Arena (home to the NHL’s Florida Panthers), and the Sawgrass Mills Mall. This offering represents a unique opportunity to acquire an institutional quality extended stay Hotel in a high barrier to entry market and allows a new owner the opportunity to drive substantial top and bottom-line growth upon completion of a change of ownership PIP and change in management. Since acquiring the Hotel in January 2020, Ownership has undertaken $1 million capital expenditures that have included upgrades to the Hotel’s soft goods and infrastructure.

• Premier Location in the Heart of Weston: The Hotel is located off Interstate 75, in the affluent, master-planned community of Weston. Located less than a mile from the 258-bed Cleveland Clinic Weston Hospital, proximate to a number of office parks including Sawgrass Technology Park (515,000 square feet of office space with tenants including: American Express Corporation, Ford’s Sunrise Engineering Center, New York Life’s South Florida General Office, and Pet Supermarket’s Corporate Headquarters), and distribution centers totaling 31.5 million square feet. Leisure demand is driven by Everglades National Park, Amerant Bank Arena, (home to the NHL’s Florida Panthers), and the Sawgrass Mills Mall (2.4 million square feet of retail space). Additionally driving demand is Nova Southeastern University, a private university that features 14 colleges, more than 150 programs of study, and more than 22,000 enrolled students. 
  
  
• Historically Strong Performing RevPAR Hotel with Operational Upside: The Hotel is a top performing asset in the market and has consistently ranked in the top of its competitive set for the last three years in terms of RevPAR. As of the TTM period ending March 2024, the Hotel achieved a $126.45 RevPAR. While current ownership recently completed a $1-million renovation that included upgrades to the property’s soft goods and infrastructure, significant upside remains upon completion of a change of ownership PIP. The improved product offering combined with a stabilized and revamped management strategy is expected to result in RevPAR growth while a change in management will allow for improved expense margins driving NOI levels well exceeding in-place metrics.
  
  
• Unique Institutional Extended Stay Opportunity in a High Barrier to Entry Market: The Residence Inn Fort Lauderdale Weston presents a rare opportunity for a buyer to acquire a high performing lodging asset in the supply-constrained Weston submarket of Fort Lauderdale. Given the scarcity of permits and the high cost of land in the area, this offering represents a distinctive opportunity to enter a market with substantial barriers to entry.
  
  
• Offered Unencumbered: The Hotel is being offered unencumbered of current management and any debt.