LA QUINTA INN & SUITES MIAMI AIRPORT WEST

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 143-room La Quinta Inn & Suites in Doral, Florida, within in the highly-coveted Miami-Fort Lauderdale-West Palm Beach MSA. The six-story property, built in 1998, is ideally positioned near Miami International Airport, the second-busiest airport in Florida, along with a multitude of other diverse demand drivers.

La Quinta Inn & Suites Miami Airport West represents a compelling opportunity to acquire a high-performing, select-service asset in a top-10 hotel market that is defined by high barriers to entry. A new owner stands to unlock meaningful RevPAR growth through continued hands-on management while continuing to capitalize on the recently completed PIP renovation.

INVESTMENT HIGHLIGHTS

• Located in Doral, One of Miami's Most Sought-After Submarkets
• High Barriers to Entry
• Doral's Population has Grown 309% Since 2000
• Minimal PIP Expected
• Recently Renovated Hotel, Including a New Roof
• RevPAR Increased Year-Over-Year for Both Subject Property and
• Historically Stable Operation with Strong Revenue and NOI
• Proximate to: Miami International Airport, U.S. Southern Command, Carnival Cruise Corporation, PortMiami, Florida International Airport, Miami Health District, Miami Freedom Park & Soccer Village, and More