LivAway Suites

Architect and Engineering Fees $150,000 to $240,000

Total Estimated Initial Investment 20 $11,331,600 to $13,764,150 (excluding real estate costs)

Professional Fees 17 $15,000 to $30,000

Business Licenses and Permits (excludes building permits addressed above) $10,000 to $150,000

Utility Deposits & Fees $150,000 to $300,000

Digital Key System ($65,000 to $75,000)

Preopening Call Center Fees 15 $600 to $1,800

GM Training Fee 4 $500 to $1,000

Opening Inventory 14 $27,750 to $48,150

Computer system $7,000 to $9,000

Preopening Payroll 18 $37,500 to $50,500

Preopening Technology Fees 11 (paid to us) $1,500

Preopening Marketing & Advertising 16 $2,000 to $10,000

Security system $15,000 to $25,000

Total $63,050 to $86,650

Initial Franchise Fee 3 $35,000

Total Estimated Initial Investment 20 $11,226,600 to $13,659,150 (excluding real estate costs)

Technology Systems Training Fees 13 $1,000 to $1,500

Insurance (preopening period and 3 months after opening) $45,000 to $55,000

Telephone system $23,000 to $27,000

Development Fee 21 $140,000

Building Permits 7 $25,000 to $100,000

Preliminary Site-Related Studies 6 $7,500 to $15,000

Self-serve check-in kiosk (the “ Check-In Kiosk ”) $2,500 if leased or $10,100 if purchased

Signage 9 $35,000 to $70,000

Preopening Technology Fees and Costs 12 (paid to third parties) $63,050 to $86,650

Additional Funds 19 (3 months) $200,000 to $300,000

Basic Office Supplies $9,000 to $11,000

Furniture, Fixtures, Equipment & Decor 10 $610,000 to $650,000

Comfort Letter Fee $0 to $250

Initial Investment to Open First Hotel $11,191,600 to $13,624,150

Automated smart parcel locker system (the “ Locker System ”) $15,550*

Construction & Improvements 8 $9,800,000 to $11,500,000

Uniforms $1,200 to $1,800