EASTERN SEABOARD PORTFOLIO

•18 hotels in Northeast/mid-Atlantic corridor

•2187 Rooms

•Hilton & Marriott select-service and extended-stay brands

•$395M Purchase Price($180,613/key)

•$12.4mm PIPs ($6k/key)

•7.9% post-PIP cap rate ($186,270/key total)

Hilton Garden Inn Milford, CT

Homewood Suites Egg Harbor Township, NJ

Hampton Inn & Suites BWI Arundel Mills Hanover, MD