The Plaza

This property represents a rare and highly versatile investment opportunity. Currently operating as a hotel with a partial timeshare component.

The asset is well positioned for highest and best use re-imaging, offering multiple execution paths including continued hospitality operations, adaptive reuse as urban residential studios, or a mixed-use redevelopment concept. The
existing building configuration, unit mix, structured parking, and amenity base support a variety of repositioning strategies with limited structural intervention. In the near term, the property generates ongoing cash flow from multiple
sources, allowing investors to operate under the current hospitality model while advancing entitlement, design, or conversion plans. This covered-hold profile mitigates execution risk and provides flexibility in timing and capital deployment.

The property encompasses approximately 108 total units, including 79 King rooms, 25 Queen rooms, and 4 Regal King Suites with full kitchens. Each unit is thoughtfully designed with upscale finishes and functional layouts, featuring
a California King or Queen bed, sofa sleeper, dining area, dresser, television, refrigerator, microwave, and a full bathroom with tub/shower and vanity—attributes that lend themselves well to both extended-stay hospitality and
residential conversion.

Complementing the unit mix is a robust suite of shared amenities, including six levels of covered parking, a rooftop patio and sun deck, an indoor atrium-style pool, banquet and conference facilities, special event spaces, a cocktail lounge, fitness center, guest lounge, banquet/dining room, administrative offices, and an on-site laundry room. These features enhance the asset’s competitive positioning and reduce the capital intensity required for repositioning or redevelopment.