APPENDIX D: HOW TO READ YOUR ASSET FACTSHEET

Every HPOT series has an Asset Factsheet (10-15 page PDF).

Typical Contents:

1. Hotel Overview

• Location (address, map, photos)
• Type (beach resort, city hotel, mountain lodge, etc.)
• Size (number of rooms, square footage)
• Amenities (pool, spa, restaurant, parking, etc.)
• Year built / last renovation

2. Market Analysis

• Tourism statistics (annual visitors, growth trends)
• Comp set (competitor hotels, their performance)
• Seasonality (peak vs. off-peak months)
• Economic drivers (events, conferences, attractions)

3. Financial Projections

• Revenue forecast (by source: rooms, F&B, ancillary)
• Expense budget (by category)
• Projected NOI (conservative, base, optimistic scenarios)
• Expected distributions (per HPOT, annually)

4. Operator Profile

• Management company name, experience
• Track record (other hotels managed, performance)
• Compensation structure (base fee, performance fee)

5. HPOT Series Terms

• Total HPOT issued (e.g., 10M)
• Reference price ($1 per HPOT)
• Minimum investment (e.g., $5,000)
• Lock-up period (e.g., 90 days)
• Distribution frequency (quarterly)

6. Risks

• Hotel-specific risks (location, competition, regulatory)
• Market risks (tourism demand, economic cycles)
• Operational risks (operator dependence, technology)

7. Governance

• SPV board composition
• Voting thresholds (disposition 75%, CapEx 50%, etc.)
• Fiduciary administrator contact

8. Tax Considerations

• Withholding tax (Swiss, if applicable)
• Suggested tax treatment (consult advisor)
• Reporting obligations

9. Legal Disclaimers

• "This is not investment advice"
• "You can lose 100%"
• "Projections are not guarantees"

10. Contact Information

• Support email, phone
• Dashboard link
• Legal/compliance inquiries