FLORIDA TENNESSEE PORTFOLIO

•4 hotels with 374 total rooms

•All Marriott extended-stay & select-service brands

•All properties less than 8 years of age

•$47M Purchase Price ($125,600/key)

•$49.8M Total Investment ($133,100/key)

•9.2% post-PIP cap rate

Residence Inn Chattanooga near Hamilton Place

Fairfield Inn & Suites Jacksonville West-Chaffee

TownePlace Suites Chattanooga near Hamilton Place