Able Equity Fund Direction

Objectives of the fund
The Fund will be a self-advised real estate investment fund organized to invest in mid to upscale extended-stay hotels, selective premium-branded full service hotels and premium-branded select service hotels. Our properties will be located in major markets with high barriers to entry, near primary demand generators for both business and leisure guests. Our primary objective is to generate attractive returns for our shareholders through investing in hotel properties at prices that will provide strong returns on invested capital and generate long-term value appreciation. We believe we can create strong returns and long-term value by pursuing the following strategies:

Aggressive hotel management

We will proactively manage our hotels and seek to maximize hotel operating performance. Our corporate management will make sure that we effectively utilize premium brands marketing programs, develop effective sales management policies and plans, operate properties efficiently, control costs, and develop operational initiatives for our hotels that increase guest satisfaction. As part of our management activities, we will regularly review opportunities to reinvest in our hotels to maintain quality, increase long-term value and generate attractive returns on invested capital.

Disciplined Acquisitions:
Disciplined acquisition and development of hotel properties: We will invest primarily in premium-branded mid to upscale extended-stay, select-service and full-service hotels within a 100 mile radius of New York City and only in the largest markets within the radius. We will focus on acquiring hotel properties at prices below replacement cost in markets that have strong proven demand generators and where we expect demand growth will outpace new supply. We will also seek to acquire properties that we believe are undermanaged or undercapitalized. We will selectively build hotels which will only be premium brands and that create immediate profit and substantial overall return on investment.

Opportunistic hotel repositioning
we intend to employ value-added strategies, such as re-branding, renovating, or management, when we believe such strategies will increase the operating results and values of the hotels we acquire.

Experienced Management:
Our management team led by our chief executive officer, Viral H. Patel has experience in acquiring, developing, financing, repositioning, managing and selling hotels for over 15 years.

Premium Brands:
We will acquire and build franchised hotels within Hilton, Marriot, IHG, Starwood and Hyatt Only. Our portfolio will consist of hotels in the mid to upscale extended-stay market, including brands such as Homewood Suites by Hilton, Residence Inn by Marriott and Hyatt Summerfield Suites. The service and amenity offerings of these hotels typically include complimentary breakfast, high-speed internet access, local calls, in-room movie channels, and daily linen and room cleaning service. In addition, we intend to selectively invest in premium-branded full-service hotels. The service and amenity offerings of these hotels often include full-service restaurants, lounges, room service, meeting rooms, banquet and catering services, as well as high-speed internet access, local calls, in-room movie channels, and daily linen and room cleaning service. We believe that current market conditions, including deteriorating industry fundamentals, will create attractive opportunities to acquire and build high quality hotels at cyclically low prices that will benefit from an improving economy and our aggressive asset management.