Investment Overview Hospitality Associates is pleased to present the Hilltop Inn of Vermont, a prominently positioned 80-room hotel in Barre, Vermont, just minutes from the Vermont state capital of Montpelier. This offering presents investors with the opportunity to acquire a well-located, structurally durable hospitality asset in a market characterized by limited competition and high barriers to entry. Constructed with brick masonry, the Hilltop Inn offers enduring appeal and low maintenance overhead. The hotel has historically served a mix of leisure, corporate, and contract demand, benefitting from strong proximity to regional drivers including Central Vermont Medical Center, government agencies, and area tourism. Property Highlights 80 Guestrooms | Including suites and extended-stay configurations Brick Construction | Durable, low-maintenance exterior Indoor Heated Pool | Popular with families and long-term guests Restaurant & Lounge | Kitchen infrastructure in place Conference & Meeting Space | Two flexible function rooms Ample On-Site Parking | Bus and truck accessible Strategic Location Positioned in Washington County, the Hilltop Inn sits just 7 miles (approx. 13 minutes) from Montpelier, the state capital of Vermont, and benefits from immediate access to Interstate 89, Vermont’s primary north–south artery. Barre is widely known as the “Granite Capital of the World”, home to the Vermont Granite Museum, Hope Cemetery, and Barre Opera House, all of which contribute to the region’s historical and cultural tourism appeal. The property’s location also places it within a short drive to ski resorts, hiking destinations, and the broader Green Mountains region. Tourism & Market Dynamics $4.1 Billion in Statewide Visitor Spending (2023) Vermont welcomed 15.8 million visitors in 2023, generating over $400 million in state and local taxes. Tourism in Central Vermont remains strong year-round, bolstered by foliage season, ski tourism, and regional events. Limited Hotel Supply The immediate trade area has minimal new hospitality development, creating pricing power for existing assets. Vermont’s stringent land use and environmental regulations limit large-scale development, reinforcing the market’s supply constraints. Demand Generators Nearby Central Vermont Medical Center Vermont Technical College & Norwich University Montpelier State Government Offices Corporate and contractor lodging demand Investment Considerations High Barrier-to-Entry Market: Land use restrictions and a scarcity of entitled sites limit new development, protecting asset value and occupancy rates. Repositioning or Value-Add Potential: Ownership may consider rebranding, capital upgrades, or conversion to alternative uses (extended stay, workforce housing, etc.). Attractive Basis: Offered well below replacement cost (~$160K+/key), this asset allows for a compelling entry price in a supply-constrained corridor. Operational Flexibility: Infrastructure supports a range of use cases including housing programs, seasonal lodging, or redevelopment. Summary The Hilltop Inn represents a compelling opportunity to acquire a sizable, well-located hospitality asset with existing cash flow, value-add potential, and strong fundamentals in a supply-constrained Central Vermont market. With Vermont’s tourism economy at record highs and Montpelier’s ongoing government and institutional demand, the property is strategically positioned for both near- and long-term success.