Fully Renovated 2025 Asset — $2.93M comprehensive renovation funded and being completed by current ownership; no buyer-side completion capital underwritten Ascend Hotel Collection® Soft-Brand Flag — Choice Hotels International membership executed December 2024; Choice Privileges loyalty access (60M+ members) and global distribution from day one 102 Keys · 2 Floors · 12.19-Acre Parcel — restaurant, banquet/conference, outdoor patio, indoor pool, and fitness on a single contiguous parcel; clean parcel break following 2025 receivership exit In-Place Net-Net Lease on F&B and Banquet — long-term lease executed April 2026 with Garceau Thirty-One; contractual base rent plus tenant cost-share for tax, utilities, and CAM Specialized Wisconsin F&B/Banquet Operator In Place — tenant operates exclusively in golf course and banquet facility operations across Wisconsin; banquet calendar and group rhythm already established Strategic Eastern Wisconsin Location — situated between the Sheboygan and Door County tourism corridors with proximity to Lambeau Field and the I-43 access spine; strong regional summer and group seasonality Path to Submarket Performance — submarket trailing-twelve-month performance materially exceeds current property operating levels; the gap-to-close is the underwriting opportunity Group and Banquet Calendar In Place — American Bus Association group bookings confirmed for 2026; strong second-quarter banquet calendar already on the books Choice Hotels Marketing & Brand Support Available — incentive support available to a buyer who retains the Ascend flag at acquisition Single-Entity Ownership · Clean Title — JMLR Real Estate LLC holds clean title to the hotel parcel; clear chain of title with all parcel-split documentation completed Hotel Asset Only — Golf and Cottages Excluded — focused hotel transaction; no operational complexity from adjacent golf, cottage, or condo entities Offered Unpriced · Request-for-Offer Process — structured call-for-offers process; tours May–July 2026, offers August 2026, target close year-end 2026