Best Western Plus Inn Suites Rumford Falls INTRODUCTION

Best Western Plus Inn & Suites Rumford Falls

INTRODUCTION • • • The demand Our team The hotel Project status Pro forma data Capital stack options

THE DEMAND • • Market studies Route 2 corridor Black Mountain and Sunday River Additional outdoor recreation opportunities ND Paper Large construction projects Local events Minimal local brand-name competition

OUR TEAM • • • Pennacook Falls Investments, Ltd State of Maine Town of Rumford Melan Hotel Group Lund Inn Construction, LLC

THE HOTEL • • • 63 rooms Indoor pool Fitness Room Breakfast area Meeting room $5. 0 – 5. 5 MM

PROJECT STATUS • • Clear title Best Western brand name Permitting Drawings and specifications Site prep TIF & CEA $660 K invested

FINANCIAL PROJECTIONS Annual Occupancy* Average Room Rate Rev. PAR Year 1 53% $120 $63 Year 2 58% $130 $75 Year 3 62% $134 $83 Year 4 63% $138 $87 Revenue Total Expenses $1, 491, 868 $ 955, 287 $1, 771, 363 $1, 061, 576 $1, 943, 746 $1, 147, 753 $2, 034, 063 $1, 192, 245 EBITDA (Cash Flow) $ 536, 581 $ 709, 787 $ 795, 993 $ 841, 818 EBITDA Return** 6. 71% 8. 87% 9. 95% 10. 52% * 63 -room hotel ** Based on total investment of $8, 000. 00.

CAPITAL STACK OPTIONS • • • Skowhegan Savings Bank Loan - $3. 9 M Delaware Statutory Trust (1031 Exchange) EB 5 Investment EB 2 Investment Opportunity Zone Funds New Market Tax Credits Maine Rural Development Authority Loan Additional Investors Additional Loans

CAPITAL STACK Project cost: $5. 0 – 5. 5 MM SSB loan: VRAP: MRDA: PFIL equity: $3. 90 MM $0. 35 MM $0. 50 MM $0. 66 MM Financing Gap closed if we can finalize MRDA loan and satisfy SSB and SBA equity requirements.

CONTACT INFORMATION Pennacook Falls Investments, Ltd. Tony Carter, President TONYLCARTER 55@gmail. com 207. 418. 4133 mobile André St. Pierre, Vice President & Treasurer stepierre@yahoo. com 207. 364. 9530 mobile