| Irreplaceable oceanfront location with direct beach access offered at a significant discount to replacement cost and recent comparable sales. |
| Fee simple, non-union, and unencumbered of management. |
| Branding optionality with minimal required liquidated damages. |
| 11-story, concrete and steel hotel, with a superior, all-double suite, ocean-facing product offering, structured parking, and diverse amenity base. |
| Institutional-level RevPAR market (+$120 for the comp set) with aspirational comp set upside and minimal new supply. |
| East Coast leisure hub with a diverse demand profile and multi-billion-dollar construction pipeline including $350MM Atlantic Park Wave Pool. |
