1. Best Western Plus Inn & Suites Rumford Falls

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

3. 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
Local events – weddings, sports (basketball, skiing), July 4th, Pumpkinfest, 49 Franklin

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

5. THE HOTEL 63 rooms Indoor pool Fitness Room Breakfast area
Meeting room
$5.0 – 5.5 MM

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

7. FINANCIAL PROJECTIONS
Year 1 Year 2 Year 3 Year 4
Annual Occupancy* 53% 58% 62% 63%
Average Room Rate $120 $130 $134 $138
RevPAR $63 $75 $83 $87
Revenue $1,491,868 $1,771,363 $1,943,746 $2,034,063
Total Expenses $ 955,287 $1,061,576 $1,147,753 $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,

8. CAPITAL STACK OPTIONS Skowhegan Savings Bank Loan - $3.9M
Delaware Statutory Trust (1031 Exchange)
EB5 Investment
EB2 Investment
Opportunity Zone Funds
New Market Tax Credits
Maine Rural Development Authority Loan
Additional Investors
Additional Loans

9. CAPITAL STACK
Project cost: $5.0 – 5.5 MM SSB loan: $3.90 MM VRAP: $0.35 MM MRDA: $0.50 MM PFIL equity: $0.66 MM Financing Gap closed if we can finalize MRDA loan and satisfy SSB and SBA equity requirements.

10. Pennacook Falls Investments, Ltd.
CONTACT INFORMATION
Pennacook Falls Investments, Ltd.
Tony Carter, President
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André St. Pierre, Vice President & Treasurer
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