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HOTEL ZAZA CHARLOTTE                                                                                                     NEW DEVEL OPMENT








                                     CHARLOTTE MSA – UNPRECEDENTED GROWTH
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          C CHARLOTTE MSA – ROBUST ECONOMIC GROWTH
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                                                            Since 2010, Charlotte has experienced rapid growth in GDP, employment, and
                                                            population. Strong underlying economic fundamentals, low taxes and business costs
                                                            and current commercial investment position the city for future growth.
                                                                                    63%                                             37%
                                                                                    GDP GROWTH                                      MEDIAN HOUSEHOLD
                                                                                    2010-2019                                       INCOME GROWTH
                                                                                                                                    2010-2019
                                                               30%                                            45%
                                                                                                              HOLD A BACHELOR’S
                                                               EMPLOYMENT
                                                               GROWTH                                         DEGREE OR HIGHER
                                                                                                              American Community
                                                               2010-2019
                                                                                                              Survey
                                                                               43,000                                               17%
                                                                               JOBS ADDED                                           POPULATION GROWTH
                                                                               In Q3 2020                                           2010-2019
    CBRE HOTELS | Capital Markets

             HO TEL ZAZA + ZAZA HO SPIT ALITY  | 20 21 MARCH YTD                                                                                         95
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