AUCTION TEMPORARILY POSTPONED

Savills LLC ("Savills") is the exclusive financial advisor to Nomad Mezz Lending LLC ("Nomad") for the UCC foreclosure sale of the equity collateral securing Nomad's Mezzanine Loan (the "Mezz Loan") secured by 100% of the equity interest in Madison Hotel LLC, the entity that owns fee title to the MAve Hotel. The 72-room MAve Hotel is a boutique hotel that offers its guests sophisticated amenities and an irreplaceable location in the heart of the Flatiron District.

• Opportunity to own a newly renovated, upscale hotel in Manhattan, which is the leading market in the U.S. hotel recovery. Manhattan upscale and luxury hotel properties recorded 9.6% year-over-year RevPAR growth in 2010.

• Stylish Madison Avenue boutique hotel located in the heart of the Flatiron District with convenient access to public transportation for both business and leisure travelers.

• Property was fully renovated to an upscale boutique hotel in 2009 and is currently in excellent condition.

• Value Add Opportunity – creating food and beverage venue in the 2,200 square foot ground floor retail space will:
  • Drive additional corporate account business and demand – increasing occupancy and ADR
  • Improve overall experience for guests and surrounding community
• The Property's low ADR volatility and its strong operating efficiencies translate into a high NOI margin (approximately 40% for YE 2010).