Hotel Investment
Fund I

The HDP Investment Fund I, LLC portfolio includes 12 hotels with 1,225 rooms in Atlanta, Charleston, SC and Miami Beach. This includes 10 Marriott branded select service hotels, one by Hilton and one by Choice. The Residence Inn Miami Beach / Surfside and Hampton Inn & Suites Sterling Pointe were ground up construction projects. Calendar year 2017 was the first year of operations after $116M of construction and renovations. Following the sale of the Residence Inn Miami Beach Surfside hotel in December of 2021, Fund I’s portfolio has one remaining retail outparcel at the Sterling Pointe site. Fund I is closed for additional investment.

FUND I PORTFOLIO

Each of the following hotels was acquired directly through the relationships of the HDP principals. This off-market approach enhances HDP’s ability to deliver above-market returns to its Fund I investors.

This Portfolio Includes:

Fairfield Inn & Suites (Marriott) in Charleston, South Carolina: Built in 2000/Renovated in 2011, 102 Rooms
Residence Inn (Marriott) in Miami Beach/Surfside, Florida: Built in 2015, 175 Rooms
Hampton Inn & Suites (Hilton) in Atlanta/Perimeter Center, Georgia: Built in 2015, 138 Rooms
Residence Inn (Marriott) in Charleston, South Carolina: Built in 2012, 96 Rooms
Fairfield Inn & Suites (Marriott) in Charleston, South Carolina: Built in 2005/Renovated in 2013, 102 Rooms
Sleep Inn (Choice Hotels) in Charleston, South Carolina: Built in 2001/Lobby Renovated in 2013, 68 Rooms
Fairfield Inn & Suites (Marriott) in Alpharetta, Georgia: Built in 1995/Renovated in 2006-2007, 87 Rooms
Fairfield Inn & Suites (Marriott) in Atlanta/Buckhead, Georgia: Built in 1997/Renovated in 2006-2007, 115 Rooms
Fairfield Inn & Suites (Marriott) in Macon, Georgia: Built in 1999/Renovated in 2006-2007, 78 Rooms/Sold in February 2016
Fairfield Inn & Suites (Marriott) in Atlanta/Dunwoody/Perimeter Center, Georgia: Built in 1997/Renovated in 2006-2007, 114 Rooms
SpringHill Suites (Marriott) in Alpharetta, Georgia: Built in 1999/Renovated in 2006-2007, 82 Rooms
TownePlace Suites (Marriott) in Alpharetta, Georgia: Built in 1997/Renovated in 2006-2007, 88 Rooms
TownePlace Suites (Marriott) in Kennesaw, Georgia: Built in 2000/Renovated in 2006-2007, 82 Rooms

SALIENT FACTS FOR FUND I

These forward-looking estimates are based on conservative estimates of future interest rates and expectations of flat exit cap rates. It should be clearly understood that revenue potential in the hospitality business adjusts daily, offering both positive and negative variances from projections.

Fortunately, hospitality benefits from inflationary pressure, while being in a position to take advantage of continued cap rate compression.

This enviable multiple hedge position is why institutional investors have made significant moves into select service hospitality over the past 18 months.