
A stabilised 148-key business hotel two minutes from the Ridge hospital district, operating under a 15-year management agreement with an international flag. Trailing twelve-month occupancy of 71% against a market average of 62%. BAT is tokenizing 100% of the SPV equity to refinance the sponsor’s construction facility.
Assumes 3% annual RevPAR growth and no refurbishment cycle before Y6. Exit assumes disposal at an 8.5% cap rate.