| Value-add opportunity to enhance two well-performing independent hotels with 134 total keys in the high-growth, high-demand Rochester, MN, market. |
| Prime location directly across from The Mayo Clinic / St. Mary’s Hospital and along the new Link Transit system connecting both Mayo campuses. |
| Benefits from the upcoming $5B expansion and upgrade of The Mayo Clinic, which is poised to bring about 2,000 temporary workers to the area. |
| Retain the Aspen Suites, Aspen Select brands at no cost or explore new upper mid-scale soft-branding opportunities with Marriott, Hilton, and others. |
| Newly announced 160-acre Rochester Sports Complex just 10 minutes away, creating new weekend demand for accommodations that will be welcomed. |
| Upside opportunity to introduce parking fees, with just a $10+/day charge, could add $300K to the NOI, which is below comp set parking rates. |
Chris Kilcullen
Avison Young Hotel Group
