Harrisonburg Doubletree

HARRISONBURG DOUBLETREE Harrisonburg, VA THE OFFERING TARGETED FINANCIAL HIGHLIGHTS Encore Hospitality, LLC is offering accredited investors the Purchase Price: $8,000,000 opportunity to purchase Limited Partnership interests in the Harrisonburg DoubleTree, a full-service, 4-story, 140-room hotel Purchase Price / Room: $57,143 located in Harrisonburg, VA. The hotel is located a mile away Renovation Cost: $7,500,000 from James Madison University, which has 20,855 students. It is Renovation Cost / Room: $53,571 also located off a major interchange providing convenient access Total Transaction Cost: $17,237,399 to Downtown Harrisonburg, plus Shenandoah National Park, and George Washington National Forest, which attract 8 million Total Transaction Cost / Room: $123,124 tourists a year. Encore currently has the property under contract Total Debt: $10,829,454 and believes there is a significant upside to reposition the hotel, Encore Investment: $640,794 improve RevPAR (“Revenue per Available Room”), and increase LP Investor Equity: $5,767,150 NOI (“Net Operating Income”). Levered Equity Multiple: 2.8x Total Distributions: $17,691,164 Investment Duration: 5 years

The hotel is currently operating as a Holiday Inn, but will be converted to a DoubleTree after Encore implements an extensive PROPERTY SUMMARY renovation to satisfy Hilton brand standards. The hotel, with Numbers of Rooms: 140 Total Acres: 7.37 FUTURE DOUBLETREE Meeting Space: 8,500 SF Year Built: 1979 The hotel is currently operating as a Holiday Inn, but will be converted to a DoubleTree after Encore implements an extensive Amenities: renovation to satisfy Hilton brand standards. The hotel, with • Indoor Swimming Pool • Indoor Hot Tub 8,500 sq ft of meeting space, is the only full-service hotel in the • Fitness Center • Business Center market, and will be the primary choice for weddings and other • 24-Hour Lounge • Laundry facilities social events, as well as Hilton HHonors® members traveling to the area. The Hilton HHonors® Program is an award-winning, • Complimentary High Speed Internet premier guest reward program featured at each of Hilton’s 4,100 hotels worldwide. It is one of the largest hotel reward programs in the world, with more than 40 million participants. The HHonors TARGETED PERFORMANCE Program will be a major driver of revenue to the hotel. VERSUS MARKET COMPS

Holiday Inn DoubleTree Market Comps

% Room 50% 75% 70.90% Occupancy ADR $86.97 $115.28 $97.77 RevPAR $43.49 $86.47 $69.31

Private offerings are sold by offering document. Please read the offering document carefully for information on risks, fees and expenses before investing. Securities are offered through WealthForge, LLC a registered broker/dealer and member of FINRA/SIPC. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use and Privacy Policy. Encore Enterprises is intended for only accredited investors residing in the U.S. All the startup offerings listed are offered by the applicable issuer. Encore Enterprises does not make investment recommendations, and no communication through this website or in any other medium should be constructed as such. Securities offered on this website are private placements and thus NOT insured by the FDIC or by any other federal governmental agency or broker dealer and MAY lose value. The accuracy and completeness of any of the information or materials provided by or through this website are on a best efforts basis and are not recommended or approved by any federal agency. INVESTMENT HIGHLIGHTS • College Town Market – James Madison University with • Only Full-Service Hotel in the Area – Holiday Inn Harrisonburg 20,855 students, and Eastern Mennonite University with is currently the only full-service hotel in Harrisonburg, VA, with 1,870 students, generate stable demand year-round the largest amount of meeting room space in the market • Driven by Demand Generators – George Washington • Opportunity to Re-Brand – After the renovation, the hotel will National Park, Shenandoah Valley, and Massanetta Springs be a franchisee of global hospitality company, Hilton Worldwide attract approximately 8 million tourists annually to the area

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THE DEVELOPER Encore Hospitality is a privately-held, vertically-integrated owner of branded, select and full-service hotel properties. Encore has an exceptional track record in the hospitality sector, having acquired and developed 45 hotels with approximately 5,000 rooms. Encore Hospitality is overseen by President Glenn Pedersen, a seasoned professional with over 34 years in the hotel industry.

Since its’ inception, Encore has executed a focused and consistent investment strategy of targeting structurally sound assets that can be improved from sub-grade status to institutional quality via a wide range of redevelopment, repositioning and rebranding initiatives. Moreover, Encore’s deep understanding of the markets in which it operates allows it to capitalize on INDOOR SWIMMING POOL market shifts and micro-trends that provide further tailwinds to bottom-up, operational value creation. Contact: Lindsey Knodle Investor Relations Manager [email protected] 214-259-7037