Garner by IHG Conversion Creates Significant Value-Add Opportunity

• The property is scheduled to be converted from a La Quinta Inn & Suites by Wyndham to a Garner by IHG hotel in September 2026.

• Upon completion of the $1,000,000 (rounded) rebranding renovation, the hotel will benefit from IHG's global reservation system, revenue-management platform, and IHG One Rewards loyalty program.

• The conversion will allow a new owner to capture the anticipated upside associated with a major brand repositioning.

Opportunity to Capitalize on Improving Operating Performance

• Through April 2026, the hotel’s rooms revenue increased approximately 28.6% over what was earned during the same year-to-date period in 2025, while occupancy improved from 43.7% to 67.4%, and RevPAR increased 28.3%, significantly outpacing the competitive set and highlighting the hotel's accelerating recovery and revenue growth trajectory.

• In 2025, the Hotel generated approximately $1,200,000 in total revenue, its operating income exceeding $400,000 prior to interest, depreciation, and amortization.

• The combination of improving performance and the upcoming Garner conversion creates multiple avenues for future revenue growth and NOI expansion.

Manager-Operated Hotel Provides Opportunity for Hands-On Ownership

• The hotel is currently operated by onsite management, creating an attractive opportunity for a more hands-on and experienced owner/operator.

• The 66-room size is well suited for regional operators, first-time hotel investors, and owner/operators seeking a manageable asset with meaningful upside potential.

Excellent Location Among Commercial & Leisure Demand Generators

• The property is favorably located along I-37, approximately ten miles from Corpus Christi International Airport, and proximate to major demand drivers such as the Valero refinery, CITGO Petroleum Corporation, and the Port of Corpus Christi—one of the largest energy export gateways in the United States.

• Nearby leisure attractions, such as Padre Island, Mustang Island, Downtown Corpus Christi, Hurricane Alley Waterpark, the Texas State Aquarium, and the USS Lexington Museum, also draw leisure demand.

• Other prominent contributors to lodging demand include well-respected institutions such as Del Mar College, Texas A&M University-Corpus Christi, CHRISTUS Spohn Health System, Corpus Christi Medical Center Doctors Regional, and the Naval Air Station Corpus Christi.

Developments in the City of Corpus Christi

• Corpus Christi continues to benefit from substantial investment in energy, petrochemical, manufacturing, port, and export infrastructure projects that support year-round lodging demand.

• Texas A&M University-Corpus Christi broke ground on its new Arts and Media Building on May 15, 2024. Funded in part by $45 million from the Texas Legislature, it will offer music, theatre, and dance programs and feature state-of-the-art amenities, such as a 325-seat proscenium theatre and a 200-seat recital hall. The project aims to enhance artistic expression and community engagement upon completion, slated for November 2026, promising increased program accreditation and community outreach opportunities.

• Corpus Christi FC Sharks, the city's pre-professional soccer team, celebrated a significant milestone with the groundbreaking of a state-of-the-art, multi-sport complex, marking the team’s first permanent home since inception. Located near Old Brownsville Road and Cliff Maus Drive, the $28.3-million complex, a collaboration between Next Sports Company and the City of Corpus Christi, will include a 5,000-seat soccer stadium, illuminated multi-purpose soccer fields, and a standard-length go-kart track. The project aims to foster community unity and support for soccer, providing Corpus Christi FC and other sports programs with top-tier facilities. Scheduled for completion in late 2026, the complex will support economic growth and provide diverse sporting opportunities for the city, signaling a new era for soccer in Corpus Christi.

• The new aquatic center at Bill Witt Park in Corpus Christi, which opened in the summer of 2025, offers a range of amenities such as a ten-lane lap pool, recreational pool, slides, play units, and spray features, alongside parking, seating areas, and shade structures. City leaders have emphasized the center's significance in meeting community needs, particularly in the Southside area, by providing year-round facilities for lap swimming and family enjoyment. With the park already boasting soccer and baseball fields and a hiking/biking trail, the addition of the aquatic center is anticipated to further enhance community engagement and enjoyment.