LOAN PRESENTATION Presented to Loan Officers of Commonwealth Bank June 15 Commonwealth Bank, Santa Barbara, CA Bell Orchid Hotel 7/12/2019

Table of Contents MISSION STATEMENT DESCRIPTION OF BELL ORCHID HOTEL HOTEL FACILITIES REVENUE AND EXPENSES – FIRST SIX MONTHS ANTICIPATED REVENUE AND EXPENSES, JULY – DECEMBER DOCUMENTATION PROVIDED Bell Orchid Hotel 7/12/2019

Mission Statement To be recognized as one of the leading four-star, full service hotels in Santa Barbara, California. We will combine the genuine warmth and vitality of this city with the tradition and charm of Europe … The community will be proud of the hotel and see it as a vital part of the city and its waterfront. A full copy of the Hotel’s Mission Statement will be provided. Bell Orchid Hotel 7/12/2019 Bell Orchid Hotel

Description of Hotel The recently opened Bell Orchid Hotel is a full- service hotel located in Santa Barbara’s busy, colorful waterfront area. The Hotel caters to the business traveler, those on vacation, as well as those attending conferences. 7/12/2019 Bell Orchid Hotel