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1634 N CAPITOL ST NW | WASHINGTON, D.C.

Berkadia Hotels & Hospitality has been exclusively retained in connection with the solicitation of offers to acquire the fee simple interest in the soon-to-be delivered (Q4 2023), 97-room Maison Kesh Hotel (the ‘Hotel’ or ‘Asset’). A luxury, independent/boutique lodging asset strategically positioned in the Historic Bloomingdale District of Northwest Washington, DC, the Hotel will be encompassed by a vibrant mix of Victorian-style architecture, colorful row houses, a rising cohort of middle-high class residents, and a growing, yet eclectic mix of small business, local restaurants, coffee shops, and boutiques, resulting in status as one of the Nation’s Capital’s most coveted neighborhoods according to the Washington Post and the location of the opening title sequence for Netflix’s highly viewed and award-winning political Thriller – House of Cards.

The Opportunity

Luxury Boutique Hotel Offered at Certificate of Occupancy (Summer 2023 Opening) in One of the Nation’s Preeminent Lodging Markets

Substantial Ancillary Revenues Stemming from a Highly Curated Food and Beverage Experience Enhanced with a Panoramic Rooftop Lounge and Impressive Local Demographics

Clean Offering Unencumbered of Management and with a Non-Unionized Workforce

Highly-Accessible, Multi-Modal Location within One of Washington, DC’s Fastest Growing Neighborhoods

Centered Among a Robust Mix of Diversified Demand Channels

Investment Highlights

Primed to Capitalize on Over $13B of Local Development

Impressive Top-Line Trajectory (+107% Y-o-Y RevPAR Growth) with Further Recovery Upside

Property Details

5 Stories

Q4 2023 Anticipated Open Date

97 Guestrooms

Management – Modus Hotels (Unencumbered)

Real Property ID – 3101-0118

Event Space – 1,120 SF

Food & Beverage - On-Site Restaurant & Lounge (Ground Floor w/ Patio), Rooftop Bar, Sundry/Convenience Store

Amenities - Modern Fitness Center, Outdoor Courtyard Complimentary High-Speed Wi-Fi, Digital Key

Parking – 3 Spaces On-Site; Valet

Building Area – 37,330 SF

Land Area - .27 Acres(11,700 SF)

Tenure – Fee Simple

Labor – Non-Union

• Washington DC is Home to all three Branches of the US Government • 714,700 Government Jobs Supported in Washington DC (22% of the Regional Work Force) • New SEC Headquarters (0.25-Miles Away | 2025 Anticipated Delivery

ENTERTAINMENT & LEISURE

• Union Market (+55 Vendors and Retailers +15,000 Weekly Visitors) • Audi Field (20,000 Seats) • Nationals Park (41,339 Seats) • Capital One Arena (20,356 Seats) • National Mall (+25M Annual Visitors) • Smithsonian Institutions (14.9M Visitors as of July 2022)

MEDICAL

MedStar Washington Hospital Center (926 Beds) Children’s National Hospital (328 Beds) Howard University Hospital (300 Beds) Washington DC VA Medical Center (194 Beds) MedStar National Rehabilitation Hospital (137 Beds)

HIGHER EDUCATION INSTITUTIONS

• Howard University (9,689 Students) • Trinity Washington University (1,800 Students) • Gallaudet University (1,558 Students) • Catholic University of America (5,366 Students)

CORPORATE OPERATIONS

17 Fortune 500 HQ’s in Washington, DC Notable Proximate Companies (Bank of America, Wells Fargo, Wolfram Mathematica, Advantage Financial) 18.4M SF of Office Space within a 1-Mile Radius (224K Under Construction) 2.3M SF Walter E. Washington Convention Center

THE LOCATION

Renderings

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/.

Andrew Coleman

Senior Managing Director 240.204.5132 andrew.coleman@berkadia.com

DAN HAWKINS

Managing Director 240.204.5139 Dan.Hawkins@Berkadia.com

Justin Storer

Real Estate Analyst 301.202.3542 justin.storer@berkadia.com

Investment Sales

Financing:

CONTACT

JAKE PIETRAS

Associate Director 410.940.9497 Jake.Pietras@Berkadia.com

Fiorella Furlato

Real Estate Analyst 215.328.1311 fiorella.furlato@berkadia.com

LINDSEY DEBUTTS

Senior Director 240.204.5131 Lindsey.deButts@Berkadia.com

KATELYN REYNOLDS

Senior Real Estate Analyst 301.202.3549 Katelyn.Reynolds@Berkadia.com

Once delivered, the Hotel will be ideally situated just steps away from the confluence of Florida Avenue NW and North Capitol Street, less than a quarter-mile from one of NW Washington, DC’s primary eastern entry points which serves nearly 50,000 vehicles per day – New York Avenue. Moreover, with numerous Metrobus routes throughout the neighborhood, proximity to Union Station (+100,000 daily users | $10 billion potential expansion), and a location bounded between the Shaw-Howard University Metro station on the Green and Yellow lines, in addition to the Rhode Island Avenue-Brentwood station on the Red Line, the Asset’s multi-modal location will easily connect guests to NoMa, Union Market, Mt. Vernon, the 2.3 million SF Walter E. Convention Center, and all of downtown Washington, DC which attracted approximately 20 million visitors in 2022 (24.6 million in 2019). Moreover, while 2022 visitation represents a +6% YoY increase, Washington DC is highly anticipated to attract even more visitors in 2023, as business/corporate travel continues to rebound in tandem with a continued leisure boom and international ‘revenge travel,’ specifically stemming from China.

Within a

1.5 mi

Radius

5 Hospitals | 1,885 Hospital Beds 4 Universities | +18,000 Students +$13.7 Billion of Projects In-Planning / Under Construction

47,970 Multi-Family Units | 5,266 Under Construction

Bloomingdale District Stats

Average Household Income ($153,731)

is Approximately

95% Higher

than the National Average

Designated as an Historic District in 2018 and is Listed on the DC Inventory of Historic Sites and in the National Register of Historic Places

Bloomingdale Median Home Price ($1,067,010) is

78.5% Higher

Than the DC Average

72%

of Bloomingdale Residents have

(12% Higher than the DC Average)

and 94.2% Higher than the National Average

an Associate, Bachelor, and/or Graduate Degree

• • • •

• • • • •

GOVERNMENT

1634 N CAPITOL ST NW | WASHINGTON, D.C.

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At the Asset level, offered unencumbered of brand and management, a new owner will be able to implement an operator of their choosing along with a customized business plan which leverages the Hotel’s brand-new, luxury boutique product offering in conjunction with a highly curated, heavily positioned F&B experience in a rapidly growing residential enclave to drive outsized top-line gains and an impressive market penetration upon stabilization with no additional going-in capital required.

U.S. Hotels Ready for Revenge Travel - Hotel Management

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BROKER OF RECORD

Bobby Meehling

#BR40000206