STRONG AND GROWING IN-PLACE CASH FLOW

The Renaissance generates robust cash flow and compelling investor returns at the contemplated transDaction value. Performance greatly exceeds pre-pandemic levels, with trailing twelve-month RevPAR and NOI 12% and 25% above year-end 2019 levels, respectively. The property also consistently ranks #1 in its competitive set for RevPAR.

HIGHLY AWARDED HOTEL

• #1 Ranked Hotel on TripAdvisor in the State of Indiana
• Nominated in 2023 and 2024 for NFL Hotel of the Year
• Green Key Global Certification- Achieved 4 keys out of 5
• Ranked #1 in North America in Event Satisfaction for Renaissance brand in wave 1 of 2025

CARMEL: A PREMIER INVESTMENT MARKET

The Renaissance benefits from Carmel’s status as one of the Midwest’s most affluent and fastest-growing suburban markets, supported by top-tier demographics, robust infrastructure, and ongoing redevelopment. Strategically positioned along North Indianapolis’ growth corridor with direct access to I-465 and U.S. 31, Carmel attracts leading employers, residents, and investment capital. The city boasts Indiana’s #2 median household income at ~$135k and continues to experience steady population growth.

With over $2.1B in active investment—including 3,800 new residential units and 800,000 square feet of office and retail development—Carmel is evolving into a dynamic urban hub anchored by the $300MM City Center. Combined with nationally ranked schools, exceptional quality of life, and repeated national accolades, Carmel offers investors a rare combination of wealth, stability, and long-term growth potential.

INCREDIBLE DIVERSITY OF DEMAND

The hotel benefits from a highly attractive mix of group and transient demand (historically 40% group / 60% transient) supported by Carmel’s diverse demand generators across culture, commerce, tourism, sports, and healthcare. The Carmel office submarket anchors the Indianapolis MSA’s premier suburban corridor, offering 8.7 million square feet and the region’s highest rents, attracting Fortune 1000 and high-credit tenants.

Cultural and event demand is driven by the Arts & Design District, the 15,000-square-foot Ritz Charles, and the City Center redevelopment with the Allied Solutions Center for the Performing Arts, which draws over 500,000 visitors annually. Sports and medical demand further strengthen the market, with anchors including the 400-acre Grand Park Sports Campus, Carmel High School’s $55MM natatorium and nearby hospitals IU Health North, Ascension St. Vincent Carmel, and Indianapolis Rehabilitation. Beyond local drivers, the hotel also benefits from compression demand from downtown Indianapolis.

EXCEPTIONALLY WELL-MAINTAINED ASSET WITH RENOVATION UPSIDE

Since 2021, the Property has completed approximately $4MM ($15k/key) in capital improvements, including nearly $3MM dedicated to public space renovations. A targeted change-of-ownership PIP is expected to further enhance the property, supporting continued growth in ADR and overall performance.

DOMINANT BRAND & DISTRIBUTION SYSTEM

The Renaissance brand, part of Marriott International, benefits from powerful global platforms and access to 237 million Bonvoy members. As a premier full-service lifestyle brand, it combines strong equity with a proven model, supporting durable cash flow and long-term value.

OPTIMAL OFFERING - FEE SIMPLE, NON-UNION, UNENCUMBERED BY MANAGEMENT