Fully Renovated Economy Absentee Owner

Location benefits from a diverse and resilient demand base driven by the Philadelphia International Airport submarket, one of the most active and consistent lodging markets in the region

Flag carries lower marketing, loyalty, and reservation fees, resulting in a meaningfully lower total franchise cost

❖ Philadelphia International Airport has demonstrated strong post pandemic recovery, with passenger volumes increasing from 31.7 million in 2022 to approximately 32.4 million in 2024, and projected to stabilize above 33 million passengers annually, reinforcing the depth and consistency of demand within the airport submarket

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❖ Opportunity to drive ADR following completion of targeted capital improvement. This property currently ranks #1 in Occupancy Penetration within its competitive set, demonstrating strong demand capture and market share. However, the property ranks last in ADR, highlighting a clear opportunity to drive rate. The recently completed bathroom renovations are

expected to materially enhance guest perception and pricing power, positioning the

asset to narrow the ADR gap while maintaining its leading occupancy performance,

resulting in meaningful RevPAR upside..

❖ Operational Upside Economy properties, while competitive on price, tend to capture more transient and price-sensitive demand, resulting in lower base occupancy but providing operational flexibility and upside through targeted repositioning and revenue management strategies.