• Recently renovated asset with moderate upfront capital requirements • Tampa Bay is a top ten occupancy, ADR, and RevPAR U.S. lodging market through Q1 2025 • Tampa North submarket is growing RevPAR at a rapid pace reaching new all-time highs (5.2% CAGR from 2019 to 2024) • Immediate proximity to major economic drivers with heavy focus on "Eds & Meds" economy, tech and financial services, and anchor leisure destinations • University of South Florida (USF) is building a new $340 million football stadium expected to open Fall 2027 • Staggering local investment creating a dynamic live-work-play destination • Stable supply picture with competitive inventory recently taken offline and no new supply