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DALLAS
                                                                                                                                 d S TA R  D ATA
      DALLAS UPTOWN | Market Summary - March 2021

                 Market Summary
                                                                           Occupancy

                                                                               YTD         % Chg      R12 Mo      % Chg


                                                           Hotel ZaZa Dallas         42.3       -27.2      31.6       -54.0
                                                           Market: Dallas, TX        50.4       -12.5      41.7       -36.0
                                                    Market Class: Luxury Class       32.1       -42.0      26.4       -60.5
                                       Submarket: Dallas CBD/Market Center, TX       38.3       -32.1      29.4       -54.4
                                                 Submarket Scale: Independents       47.4        -8.6      36.6       -40.5
                                                       Comp Set:  Competitors        31.2       -42.4      23.8       -63.9


                                                                           Average Daily Rate

                                                                               YTD         % Chg      R12 Mo      % Chg

                                                           Hotel ZaZa Dallas       266.22        -4.5    267.01        -7.0
                                                           Market: Dallas, TX       79.70       -27.1     75.63       -30.2
                                                    Market Class: Luxury Class     260.30        -6.4    257.93        -4.3

                                       Submarket: Dallas CBD/Market Center, TX     117.72       -30.9    113.57       -29.3
                                                 Submarket Scale: Independents     154.75       -17.6    145.31       -27.1
                                                       Comp Set:  Competitors      177.80       -26.9    176.85       -24.4


                                                                           RevPAR

                                                                               YTD         % Chg      R12 Mo      % Chg

                                                           Hotel ZaZa Dallas       112.56       -30.5     84.32       -57.2
                                                           Market: Dallas, TX       40.15       -36.3     31.52       -55.3
                                                    Market Class: Luxury Class      83.56       -45.7     68.20       -62.2
                                       Submarket: Dallas CBD/Market Center, TX      45.04       -53.1     33.36       -67.7

                                                 Submarket Scale: Independents      73.31       -24.7     53.15       -56.6
                                                       Comp Set:  Competitors       55.47       -57.9     42.12       -72.7

                                    Date Selection                                               2021-02
             HO TEL ZAZA + ZAZA HO SPIT ALITY  | 20 21 MARCH YTD                                                                                         40
                                  Property Selection                                              44824
                                        Currency                                                   USD
                                         Report                                             Monthly dSTAR
                                  Industry Segment                          Dallas CBD/Market Center, TX Independents
                                       Comp Set                                               1 (Excludes)
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