Opportunity Leasehold interest in the third-party managed, 109-room Inn on Maritime Bay in Manitowoc, WI Offered at a significant discount to replacement cost Available unencumbered of debt and management Flexible Choice soft-brand affiliation with minimal mandated requirements and the ability to personalize amenities and operations Current NOI of $600K+ provides walk-in, double-digit cash-on-cash returns for new ownership Opportunity to enhance performance through hands-on ownership and targeted repositioning within the competitive set Location Waterfront location directly on Lake Michigan with panoramic views and walkable access to downtown Manitowoc’s shops, restaurants, and cultural attractions Proximate to major corporate demand from Manitowoc’s established manufacturing and shipping base, including The Manitowoc Company, Lakeside Foods, and Allstate Rigging Accessible to leisure demand including the Wisconsin Maritime Museum, Capitol Civic Centre, Lincoln Park Zoo, and seasonal traffic generated by the SS Badger Lake Michigan Carferry, which carries up to 600 passengers and 150 vehicles per crossing between Manitowoc and Ludington, MI Situated near Aurora Medical Center and Holy Family Memorial, two leading hospitals that together operate more than 120 beds Supported by educational demand from Lakeshore Technical College and the University of Wisconsin – Green Bay Manitowoc Campus, with Lakeshore Technical College serving more than 8,000 students annually Convenient regional connectivity via Interstate 43, approximately 40 minutes to Green Bay, 90 minutes to Milwaukee, and 2.5 hours to Chicago