| Bank-Owned (REO) Hotel Asset - The asset was taken over by the lender in October 2024. |
| Per the December 2024 STR report, the hotel ranked 7th (out of 8) among its competitors for year-end RevPAR, showing tremendous room for improvement. |
| Over the last six months, the lender has spent major capital to convert the hotel to a Ramada by Wyndham. |
| Given the recent renovations, a minor change-of-ownership property improvement plan (PIP) is anticipated. |
| The property benefits from excellent visibility and accessibility given its location along State Highway 240/Sheppard Road, just east of I-44. |
| As the only lodging facility in Burkburnett, the hotel will benefit from the additional growth and development occurring in the area. |
