SpringHill Suites San Diego Oceanside/Downtown

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. © 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.

Aaron Lapping Senior Director 858.257.4725 aaron.lapping@berkadia.com CA License No. 02027729

Scott Hall Managing Director 858.257.4724 scott.hall@berkadia.com CA License No. 01917029

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Berkadia Real Estate Advisors LLC is pleased to offer, on an exclusive basis, the opportunity to acquire the fee-simple interest in the 149-key SpringHill Suites by Marriott San Diego Oceanside/Downtown (“Hotel” or “Property”). Nestled in the heart of Downtown Oceanside and located one block from the beach, the all-suites Hotel is strategically located along North San Diego’s high-barriers-to-entry coastline. Built in 2014 and renovated in 2021, this high-quality Property is much more than a standard SpringHill Suites. The Hotel features fantastic views (including some full and partial ocean views), a rooftop pool deck, a two-story restaurant with outdoor patio seating, indoor meeting space, an outdoor flexible-use event deck, and a rental shop where guests can enjoy rental bikes and beach equipment during their stay. Strategically located within the core of Downtown Oceanside, the Hotel is surrounded by nearly $1 billion of new mixed-use development that has been completed in recent years, including hundreds of new residential units, elevated retail, and two new luxury resorts (Mission Pacific Hotel – JDV by Hyatt and The Seabird Resort - Destination by Hyatt). The tremendous renaissance of Downtown Oceanside has contributed to the rapidly evolving beach community being dubbed “the new Brooklyn of San Diego” by San Diego Magazine. This offering provides investors the opportunity to acquire a strategic and well-maintained asset within one of the nation’s most vibrant lodging MSA’s with significant barriers-to-entry. The Hotel is surrounded by a diverse mix of leisure, corporate, military and government demand drivers immediately in Oceanside with convenient access to San Diego’s world-famous demand generators. New ownership will benefit not only from an incredibly well-built and located asset, but also from numerous value-add opportunities.

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ADDRESS 110 N Myers St, Oceanside, CA 92054 OPENED / RENOVATED January 2014 / 2021 GUESTROOMS 149 all-suite guestrooms STORIES 6 above grade, 1 below SITE AREA 1.03 acres FUNCTION SPACE Over 6,200 SF of indoor/outdoor space, including the 4,000-square-foot second floor outdoor terrace FOOD & BEVERAGE Hello Betty (two-story full-service restaurant and bar) and Breakfast Lounge

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Courtney Farrington Senior Financial Analyst 619.497.3083 courtney.farrington@berkadia.com CA License No. 02163860

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Oceanside is part of the highly sought-after North County Coastal region of San Diego County which includes the cities of Del Mar, Solana Beach, Encinitas and Carlsbad. Oceanside is a quintessential Southern California beach town with over three miles of public beaches, the longest wooden pier in California, and an eccentric harbor village. The town has been attracting tourists from the beginning of the 20th century with its perfect climate, the well-preserved historic district, and a fun, relaxed atmosphere. Oceanside is the third largest city in San Diego County, making up a total area of over 42 square miles. The area features a classic California beach community with numerous opportunities for outdoor activities and recreation, as well as close proximity to major areas of employment. With a population of over 175,000, the area attracts many residents looking to enjoy the climate, which is consistently ranked one of the most desirable in the nation. Oceanside also draws many residents due to the proximity to local employment centers with companies such as Northrop Grumman, Genentech, GoPro, Callaway Golf, TaylorMade Golf, and Sony Electronics all located within 10 miles of the city center. Oceanside is also located just south of the Camp Pendleton Marine Corps Base which spans over 125,000 acres and is a host to year-round training for Marines, as well as many other branches of the U.S. military, and hosts an average of 100,000 people daily. Additionally, just 13 miles from the Hotel is California State University San Marcos, a young and growing public university with more than 16,000 students. Oceanside has a reputation as an active, outdoor community that has a history of hosting popular athletic events including World Body Surfing Championships, Oceanside Iron Man, Paul Mitchell Surfer Girl Pro Event, Oceanside Outrigger Racing Series, and numerous surf, ride and swim endurance events. Historically serving as a refuge for marines at the Marine Corps Base Camp Pendleton, Oceanside has dramatically evolved into a tourist destination over the past 15-plus years. With the addition of two new luxury hotels, the Mission Pacific Hotel and The Seabird Resort, trendy restaurants, upscale residential units, and elevated retail, Downtown Oceanside has seen record breaking tourism growth. In 2022, visitor spending reached $568 million, a 25% increase from the previous year.

PARKING $44 per night (valet only) 150 subterranean parking spaces for valet DESTINATION AMENITY FEE $35 per night and includes one rental from the Board House (per person, three hours max), $35 food credit at Hello Betty, and one welcome beverage per room TENURE / LABOR Fee simple / Non-union BRAND / MANAGEMENT Encumbered / Unencumbered

Board House – onsite rental shop for rental bikes, surfboards, boogie boards, beach chairs and umbrellas, beach games, and carts Complimentary Buffet and Hot Breakfast Fully-Equipped Fitness Center Business Center Free-Form Outdoor Pool & Whirlpool Complimentary WiFi Laundry Service

Oceanside, California

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