The Opportunity

New Orleans is one of the most culturally distinct hospitality markets in the United States, attracting nearly 20 million visitors annually and supporting a growing segment of lifestyle hotel development. Within this market, assets that combine design identity with an established urban location represent a distinct category of hospitality asset. The Maidstone New Orleans offers structured access to this positioning, giving participants exposure to a hotel in one of the city's fastest-growing neighbourhoods. The offering is available to accredited participants under Reg D and to international participants under Reg S, through an SEC-regulated platform.

Asset Overview

PROPERTY SPECIFICATIONS The Maidstone at New Orleans is an 18-room boutique hotel located at 3522 Tulane Avenue, New Orleans, LA 70119, occupying a mid-century building renovated and rebranded in February 2025. The hotel offers 8 King Rooms, 8 Queen Rooms, and 2 King Suites. Room rates start at $295 per night before taxes and fees. Day-use pool access is available at $25 per pass, with annual memberships offered at $600. DESIGN & INTERIORS The property underwent a full design refresh by Studio Tre, drawing on mid-century American references. Interiors feature cork flooring, custom birch furniture and millwork, and rattan mirrors. Textiles were commissioned from Oaxacan artist Ismael Gutierrez Montano, and all rooms are appointed with Frette linens and in-room robes. The lobby is defined by a green maestro quartzite check-in desk, floor-to-ceiling glazed porcelain walls, terrazzo flooring, and a leopard wool rug. AMENITIES & F&B The property features a year-round heated saltwater pool with a bathing deck and tiled wall fountain, alongside a garden courtyard - the Moon Garden - with a sunken fire pit. On-site venues include The Maidstone Lounge, offering built-in banquettes and crafted cocktails, with complimentary lobby mini bar access for all guests. In-room amenities include Santa Maria Novella bath products, free Wi-Fi, and daily housekeeping. Suites include access to beach chairs, umbrellas, bags, and coolers. The property also serves as a hub for community events and social gatherings. Mister Mao Swim Club - led by Chef Sophina Uong, Chef/Owner of the acclaimed New Orleans restaurant Mister Mao - operated at the property as a seasonal poolside dining residency during summer 2025, offering seasonal small plates and craft cocktails. Pool and bar hours run daily from 11am to 8pm. The property operates F&B in partnership with local food operators and neighbourhood favourites. The venue is available for private events accommodating between 30 and 700 guests, with cabanas and bottle service available. ASSET STRATEGY The Maidstone is positioned as a lifestyle-focused destination, with every element - from room design to dining and event programming - curated to support brand reputation and repeat visitation. The property is managed by an experienced hospitality team focused on guest experience and operational efficiency.

Property Heritage

The site at 3522 Tulane Avenue has a continuous hospitality history spanning nearly 70 years. The Crescent Motel opened in 1956 and operated until it was repositioned as The Drifter Hotel in 2017 - a boutique property that gained national recognition as a design-forward destination in Mid-City New Orleans. The property was subsequently acquired by the current ownership group and relaunched as The Maidstone New Orleans in February 2025.

Investment Terms**

Revenue Model

The property generates income across two streams: ROOM REVENUE Operating year-round, supported by the property's positioning and growing Mid-City location. FOOD & BEVERAGE On-site dining and cocktail venue. Lobby bar supporting community events and private gatherings.

Why This Market

NEW ORLEANS TOURISM New Orleans welcomed 19.08 million visitors in 2024 - a 6.4% increase over 2023, with visitor spending reaching $10.4 billion, according to the 2024 Visitor Profile Summary commissioned by New Orleans & Company with MMGY Global. The boutique hotel segment outperformed comparable US hotel classes in RevPAR and ADR in 2024, driven by strong pricing power, according to The Highland Group's Boutique Hotel Report 2024. In Travel + Leisure's 2025 World's Best Awards, New Orleans ranked second among all US cities, earning high marks for its dining scene, culture, and history. The city was also named the #1 Food City in the World by Time Out in 2025. THE MAIDSTONE'S POSITION The hotel is located in Mid-City, on Tulane Avenue - a corridor benefiting from new local investment and growing retail and dining development. Mid-City's proximity to major New Orleans landmarks, healthcare institutions, and universities supports steady demand from both leisure and business visitors.

Property Management

• The Maidstone New Orleans is owned by ISMD, a partnership between Irwin Simon and Mayank Dwivedi. ISMD acquired The Maidstone Hotel in East Hampton in April 2023 for just under $17 million and, in partnership with LDV Hospitality (led by CEO John Meadow), repositioned the property under an Italian-inspired concept. • Following the successful East Hampton renovation, ISMD introduced The Maidstone New Orleans as the first property in a planned expansion of the Maidstone brand into new markets.

*Target only. Not a guaranteed or promised return **All figures, percentages, and returns shown in the infographics are targets only and are not guaranteed.