HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the MainStay Suites Las Vegas Convention Center (the "Property" or "Hotel"), a 124-key, extended-stay hotel located at 3045 S Maryland Pkwy Las Vegas, NV 89109

The Hotel was originally built in 1998 and renovated in 2015. Ownership has since begun a partial renovation, underway from 2024 to present, to bring the Property into compliance with its MainStay brand PIP under Choice Hotels.

The Property occupies a strategic position within Las Vegas's convention and entertainment corridor. It sits directly across from Sunrise Hospital, one of the largest medical centers in the region, which generates consistent visitor and staff-driven room-night demand independent of tourism cycles. The Hotel is also a short drive from several of the market's most significant demand generators. The Las Vegas Convention Center anchors group and citywide convention business. The Las Vegas Strip provides access to the market's core entertainment, dining, and leisure demand base. The University of Nevada, Las Vegas (UNLV) contributes a steady stream of collegiate, athletic, and event-related travel. Harry Reid International Airport offers convenient access for both business and leisure travelers arriving from outside the region. Together, these demand drivers span multiple, largely non-correlated visitor segments, giving the Property a diversified base of potential demand rather than dependence on any single source.

The Hotel has also shown clear signs of operational recovery. NOI margins improved from -10% in 2024 to +4% in 2025, and are trending toward an estimated 7% on a trailing twelve-month basis through June 2026. Despite this improvement, the Property continues to underperform its competitive set across occupancy, ADR, and RevPAR. This gap represents a meaningful opportunity for a new owner. Through continued operational improvement, more competitive rate positioning, and completion of the PIP renovation, a buyer should be well positioned to close the performance gap with the competitive set and capture additional upside.