1 Cash Flow. With +/-$4.0 million of in-place/recurring NOI, Celebration Suites offers the opportunity to acquire a high-cash flowing asset that leverages off a proven business model.

2 And More Cash Flow. With hotel operations consistently running +/-90% occupancy (based on actual available rooms), a robust revenue management strategy would push the Hotel's ADR to new levels with little to no degradation in occupancy (additional ADR dollars, of course, have a nearly 100% flow through to the bottom line).

3 All Suite Guestroom Configuration. The guestrooms at the Hotel are all full, apartment style, suites – with suites being the most in-demand guestroom type in the Orlando Market.

4 Unrivaled Guest Loyalty. The Hotel has one of the most loyal -- and therefore most profitable – customer bases in the Orlando Market.

5 Assumable Debt. The current CMBS debt facility (1) has significant principal outstanding, (2) carries a below-market interest rate and (3) has three years of term remaining.

6 Multiple Options to Activate and Monetize the Value of Additional Rooms. Monetization can take place by:

• Adding currently off-line rooms to the operating inventory – in particular, by adding more two- and three-bedroom suites to (1) accommodate demonstrable unsatisfied demand and (2) to maintain competitiveness vis-à-vis short-term rentals.

• Converting one or more buildings for the exclusive use of sports teams (a market not currently being addressed by management).

• Converting some or all units to multifamily use.

7 Property Condition. The heavy-duty, reinforced concrete construction has been immaculately maintained and materially improved (nearly $40 million in CapEx) by the Owner, including all new roofs and new wiring and plumbing in hundreds of guestrooms.

8 Location. From both hotel and multifamily perspectives, the Property's Celebration address puts it at the center of all those amenities – grocery stores, restaurants, healthcare, entertainment – that make for successful property operations.