TownePlace Suites by Marriott

• Proposed 116-key TownePlace Suites by Marriott totaling approximately 73,000 SF on approximately 3.4 acres allocated to hotel development
• Location: Vero Beach Regional Airport, Vero Beach, Florida
• Ground Lease: 50-year FAA ground lease with long-term site control
• Status: Design, site plan approval, and building permit completed
• Timeline: Q3 2026 loan closing and construction commencement, with projected opening in Q4 2027
• Estimated Total Project Cost: Approximately $37.3M, or approximately $322K per key

Investment Highlights

• First hotel positioned at Vero Beach Regional Airport and the only hotel with direct, walkable adjacency to MLB’s Jackie Robinson Training Complex
• Located across from a 72-acre, year-round sports and athletic training destination that hosts more than 400 teams and 10,000 participants annually across approximately 240 event nights
• Extended-stay Marriott product is designed for team, family, business, healthcare, and aviation-related demand
• Amenities include in-room kitchens, complimentary hot breakfast, full-service lobby bar with limited food menu, flexible meeting space, fitness center, pool deck, outdoor seating, BBQ grill area, and the exclusive Home Run Dugout digital batting cage entertainment venue with F&B integration
• Home Run Dugout amenity supports group reservations, team buyouts, event-based bookings, non-hotel guest reservations, and incremental food and beverage revenue
• Site is approximately ½ mile from Vero Beach Regional Airport terminal, 2 miles from Cleveland Clinic Indian River Hospital, 2 miles from downtown Vero Beach, less than 5 miles from the beach, and less than 6 miles from I-95
• Project benefits from $1M in City and State grant funding for critical infrastructure, including utilities, drainage, paving, and sidewalk improvements
• Vero Beach lodging market benefits from multiple demand drivers, including youth sports, healthcare, aviation, corporate activity, and leisure travel
• New supply is constrained by limited airport-adjacent land availability and elevated construction costs, supporting a disciplined competitive environment
• Marriott financial participation includes $500,000 in key money and approximately $400,000 in franchise fee and ramp-up discounts, reflecting brand support for the location and project execution strategy

Hampton Inn & Suites

Bozeman, MT

Project Information

• 125-key, 71,979 SF Hampton® by Hilton®
• Located in Yellowstone Airport Plaza, a brand-new, 50+ acre, mixed-use development
• Directly adjacent to Bozeman Yellowstone International Airport (BZN) along Interstate 90

Investment Highlights

• Bozeman is the fastest-growing micropolitan community in the U.S. for three years in a row
• The market provides numerous and diverse economic drivers including:
  • Montana State University (16,900+ enrolled)
  • Bozeman Health (Announced a $75MM expansion in Spring 2018)
  • Thriving Tech, Engineering and Design start-up communities
• Strong leisure and activity market experiencing double-digit hotel visit increases for seven years straight
• BZN is one of the fastest growing airports in the U.S., and the busiest in Montana, with a YOY passenger volume increase of 60%
  • Forthcoming $27M expansion adding approximately 70,000 SF
• Great highway exposure and access at a brand-new exit ramp along one of the heaviest traveled east/west routes in Montana
• Over 2,000 newly approved residential units located in vicinity to project site

The Corporate Housing Solution for the Gallatin Valley

Bozeman, MT

Yellowstone Landing is a 168-unit, amenity-rich, multifamily project is slated to be built in the heart of Big Sky country.  1, 2, 3, & 4-bedroom floorplans are leasing now.

Project Information

• 1, 2, 3, & 4-bedroom floorplans
• 168 Units Total | 68 2BR, 52 4 BR, 24 3BR, 24 1 BR
• 15.39 Total Acres (across both phases)
• 2226K GSF

Investment Highlights

• Bozeman, for the fourth year in a row in 2020, came in at number one on the list of fastest growing micropolitans in the entire country
• Prime site location with easy access to I-90, Yellowstone International Airport, and several local attractions
• Site has an Average Annual Daily Traffic (AADT) count of 24,620, the second highest traffic count in all of Montana
• Employment growth of 4.8% (CAGR) from 2012 to 2017 and in excess of 4% thereafter
• Visit the Yellowstone Landing website for more information

Luxury Downtown Condominium Development

Sarasota, FL

This 5-story, luxury, condo investment is to be built in the heart of the Sarasota CBD on Fruitville Road.  The road acts as a main gateway and thoroughfare to the downtown Sarasota market.

Project Information

• Proposed 34-unit, approximate 100,000 GSF luxury condominium development
• Located steps from downtown Sarasota and Main Street, with access to:
  • Dining
  • Theaters
  • Art Galleries
  • Payne Park
  • Bayfront

Investment Highlights

• Prime site location; walking distance to downtown and located within the burgeoning Rosemary District
• Population growth in Sarasota has more than doubled that of the US average over the past 10 years and is projected to increase that trajectory over the next 5 years
• Demand for luxury condominiums in this market is evidenced by strong sales figures from other projects in the area, as well as immense price growth of over 15% in the past year
• The small size of the project (34 units) will lend itself to a higher likelihood of success based on it not oversaturating the market
• Dynamic leisure and activity market
• Strong risk-adjusted returns and net project margin

EVEN Hotel by IHG

Bozeman, MT

Project Information

• 120-room, 72,000 SF, EVEN® Hotel by IHG® – Opened in August of 2024
• Located in Yellowstone Airport Plaza, a brand-new 50+ acre mixed-use development
• Directly adjacent to Bozeman Yellowstone International Airport (BZN) along Interstate 90

Investment Highlights

• Bozeman is the fastest-growing micropolitan community in the U.S. for three years in a row
• The market provides numerous and diverse economic drivers including:
  • Montana State University (16,900+ enrolled)
  • Bozeman Health (Announced a $75MM expansion in Spring 2018)
  • Thriving Tech, Engineering and Design start-up communities
• Strong leisure and activity market experiencing double-digit hotel visit increases for seven years straight
• BZN is one of the fastest growing airports in the U.S., and the busiest in Montana, with a YOY passenger volume increase of 60%
  • Forthcoming $27M expansion adding approximately 70,000 SF
• Great highway exposure and access at a brand-new exit ramp along one of the heaviest traveled east/west routes in Montana
• Over 2,000 newly approved residential units located in vicinity to project site