14120 Karissa Court, Houston, TX 77049

Newly Built, High-Quality Hilton-Branded Asset with No PIP Currently Required

• Built in 2021, the 98-key property represents a modern, high-quality limited-service hotel asset with a contemporary physical plant and minimal near-term capital exposure.
• Hilton’s June 2026 PIP report states that a cycled renovation is not required at this time and confirms that there will be no change-of-ownership PIP.
• The limited scope of anticipated capital needs allows a new owner to focus immediately on revenue optimization and operational execution rather than a disruptive, near-term renovation program.

Stable and Consistently Growing Historical Top-Line Performance

• The hotel’s rooms revenue increased from approximately $2.98 million in 2023 to $3.40 million in 2024 and $3.53 million in 2025, reflecting a compound annual growth rate (CAGR) of approximately 8.9% over the two-year period.
• For the trailing twelve months (TTM) ending April 2026, the hotel generated approximately $3.71 million in rooms revenue and $3.83 million in total revenue.
• During the same TTM period, the hotel achieved an average occupancy level of 86.6% and an ADR of approximately $120 (rounded), equating to a RevPAR of approximately $104 (rounded) and demonstrating continued rate growth while maintaining a high-occupancy operating environment.

Proven Ability to Capture Demand Across Rate and Occupancy Segments

• The hotel’s competitive strength is not dependent on a single performance lever, having outperformed the competitive set in terms of both occupancy and ADR in 2025.
• The hotel’s 2025 occupancy of 84.6% substantially exceeded the competitive set’s occupancy of 59.0%, while its ADR of approximately $116 (rounded) compared favorably with the competitive set’s average of approximately $102 (rounded) that year.
• This combination of occupancy leadership and an ADR premium resulted in 2025 RevPAR of approximately $98 (rounded), notably higher than the competitive set’s average RevPAR of approximately $60 (rounded).

Compelling Operational Upside, Forward-Looking Revenue and NOI Flow-Through Growth

• The hotel generated gross house profit of approximately $1.60 million, representing a 41.8% margin, for the TTM period ending April 2026.
• Based upon HVS pro-forma projections, gross house profit is anticipated to increase to approximately $1.86 million in the 2026/27 forecast year, expanding the margin to 47.1%.
• The pro forma reflects an NOI flow-through of approximately $1.16 million in 2026/27, highlighting meaningful upside from continued revenue growth and improved operating efficiencies.
• HVS projects rooms revenue to increase to approximately $3.83 million in 2026/27 and approach $4.0 million in 2027/28.
• RevPAR is forecast to increase from approximately $104 in the trailing base year to $107 in 2026/27 and approximately $112 in 2027/28, supported by both rate growth and sustained occupancy in the mid-80% range.
• By the stabilized 2028/29 year, the hotel is projected to generate more than $4.16 million in rooms revenue and approximately $1.29 million in EBITDA Less Replacement Reserve.

Highly Sought-After Hampton by Hilton Franchise; 15-Year Term Franchise Agreement Expected

• The Hampton Inn & Suites platform is one of Hilton’s most recognized limited-service brands, offering an efficient operating model supported by complimentary breakfast, standardized guest amenities, and broad appeal across corporate and leisure segments.
• Hilton affiliation provides access to a global reservation system, advanced technology platform, and the Hilton Honors loyalty program, supporting occupancy, rate performance, and long-term brand recognition.
• The combination of a recently built physical product, a leading Hilton flag, and proven competitive-set dominance enhances the property’s financing profile and long-term exit liquidity.

Strategic East Houston Location Along Beltway 8 with Excellent Regional Access

• The property is located the intersection of U.S. Highway 90 and the Sam Houston Tollway/Beltway 8, providing convenient access throughout East Houston and the broader metropolitan area.
• The hotel is well positioned to serve corporate, industrial, logistics, contractors, and transient demand generated throughout the East Houston corridor, including activity related to the region’s energy, petrochemical, manufacturing, and distribution sectors.

Houston’s Scale, Connectivity, and Continued Economic Expansion Supporting Demand Growth

• Houston is the largest city in Texas and the fourth-largest city in the United States, with the metropolitan population having surpassed 7.9 million in 2025.
• The greater Houston area is home to 26 Fortune 500 companies, while Port Houston ranks as the busiest U.S. port by foreign tonnage, reinforcing the region’s role as a global center for trade, logistics, and industrial activity.

Fully Unencumbered by Management

• The hotel asset is offered free and clear of any management encumbrances, providing an investor with the flexibility to revamp the operational strategies of the current management company, to its preferred management company or to self-operate, if approved by Hilton.