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      "text": "11/12/2024\n$30.0 MILLION\n$122K PER KEY\nMINNEAPOLIS, MN\n245",
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      "text": "Fee simple interest\nTerminable management agreement with a high-quality third-party operator\n8.2% capitalization rate on 2024 forecasted net operating income\nPurchase price is over a 60% discount to current replacement cost\nMinimal near-term capital requirements; the hotel was completed in September 2016\nRapidly recovering hotel market with the largest concentration of Fortune 1000 companies in the world\nMajor employers are increasing return-to-office in 2024-25",
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      "text": "ACQUISITION DATE\nPURCHASE PRICE\nLOCATION\nNUMBER OF ROOMS",
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      "text": "The AC Hotel Minneapolis Downtown is located along the vibrant North Loop neighborhood in downtown Minneapolis and within close walking distance of Minneapolis' major employers and numerous entertainment venues. The hotel is connected to the Minneapolis Skyway and adjacent to the METRO light rail system to access the Minneapolis Convention Center and stadiums.",
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      "text": "This summary information sheet contains certain \"forward-looking statements\" relating to, among other things, hotel EBITDA and hotel net operating income after capital reserves. The forward-looking statements made are based on our beliefs, assumptions and expectations of future performance, taking into account all information currently available to us. Actual results could differ materially from the forward-looking statements made on this summary information sheet. When we use the words \"projected,\" \"expected,\" \"planned\" and \"estimated\" or other similar expressions, we are identifying forward-looking statements. The forward-looking statements on this summary information sheet are subject to the safe harbor of the Private Securities Litigation Reform Act of 1995. All information on this sheet is as of November 12, 2024. We undertake no duty to update the information to conform to actual results or changes in our expectations. This fact sheet contains statistics and other data that has been obtained from information available from public sources. For additional information, please visit our website at www.drhc.com.",
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