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      "text": "2. Based on the hotel purchase price exclusive of the parking structures and incentives.",
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      "text": "4. Onera yield based on the initial investment amount of $5 million.",
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      "text": "1. Based on the 67 same store hotels.",
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      "text": "Summit Same Store (1) 2021 Acquisitions NCI Portfolio AC/Element Miami Onera Fredericksburg 2023 Acquisitions Summit Pro Forma Key Highlights # of Assets 67 2 27 2 1 2 101 49% Growth # of Guestrooms 10,654 230 3,709 264 11 167 15,035 41% Growth Date of Acquisition - 2H 2021 Q1 2022 Q2 2022 Q4 2022 Q2 2023 - - Gross Purchase Price - $59MM $822MM $89MM $5MM $43MM - $1.0B Invested Price per Key - $254K $209K (2) $337K $455K $256K - Attractive basis of $225K/Key (2) Est. Stabilized Yield (3) - 10-11% 8-9% 8-9% 15-17% (4) 8-10% - Strong stabilized yields",
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      "kind": "title",
      "text": "Targeted capital allocation strategy with proven track record of external growth and capital recycling",
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