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HOTEL ZAZA CHARLOTTE                                                                                                     NEW DEVEL OPMENT








                                                    SUNBELT ECONOMIC ENGINE
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                                      O

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                  L
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          C CHARLOTTE MSA – ROBUST ECONOMIC GROWTH
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            H
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                               A
                              S
                                  –

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                                      6
              Charlotte GDP grew 63% from 2010-2019, and 2019 GDP was higher than favored hotel investment markets
                                       3

                                         %
              like Portland, Austin and Nashville.



    CBRE HOTELS | Capital Markets








             HO TEL ZAZA + ZAZA HO SPIT ALITY  | 20 21 MARCH YTD                                                                                         96
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