Q1 2023 NEWSLETTER

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e at Desai Companies, are pleased to welcome you to our first quarterly newsletter for 2023. The purpose of this newsletter is to keep our valued investors up-to-date on the latest developments within our entities and to provide a comprehensive overview of the milestones achieved during the first quarter of 2023. We believe that transparency and effective communication are crucial to building strong relationships with our investors, which is why we are excited to share this update with you. As always, our team has been hard at work during the past few months, and we are eager to showcase our accomplishments and future projects for Q2. We also want to thank our investors for their continued support, and we look forward to sharing our vision for the future of Desai Companies. Thank you for your trust and partnership in our company. We hope you enjoy reading this newsletter and we look forward to your feedback. Sincerely, Sunny Desai, Desai Companies CEO.

ACCOMPLISHMENTS

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e are excited to announce that Desai Capital Partners, the investment arm of Desai Companies has successfully completed two major acquisitions in the first quarter of 2023.

HAMPTON INN CANTON Acquired: January 2023 Location: Canton Mississippi Number of rooms: 80 Read More

TOWNEPLACE SUITES NEW ORLEANS HARVEY/WEST BANK Acquired: January 2023 Location: Canton Mississippi Number of rooms: 80 Read More

IF YOU GROW, WE GROW A conservative firm that emphasizes secondary and tertiary markets with an unwavering commitment to putting investors first. Unlike many other firms, Desai Capital Partners only profits after its investors do, which motivates it to make smart, calculated investments. By focusing on underserved markets and always prioritizing investor needs, Desai Capital Partners has earned a reputation for reliability and success in the private equity space.

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TownePlace Suites - Vidalia, LA staff

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e are proud to celebrate the exceptional achievements of our hotels in the face of challenging times. TownePlace Suites by Marriott - Vidalia Riverfront, Louisiana, has exceeded our expectations by winning two outstanding 2022 Wave 2 Global Accountability Program awards and two prestigious Marriott Select Brands Awards in 2021.

(ITR) and 80 percent or higher on the Brand Standard Audit (BSA). Clean Slate: TPS has also achieved an outstanding Clean Slate award, recognizing the hotel’s exceptional performance in maintaining cleanliness and hygiene.

The Gold Circle Award for service excellence and the F&B Satisfaction Award for guest satisfaction. This recognition highlights the outstanding efforts of our team and their dedication to exceptional guest experiences. Clear or Green status: TPS has demonstrated exceptional operational execution and commitment to guest satisfaction, earning scores of 61 percent or higher in guest voice Intent to Recommend

The Gold Circle Award Satisfaction Award

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F&B

LEADERSHIP CONFERENCE KARMA123

DHG Leadership Team during the conference

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esai Hotel Group (DHG) hosted its annual Beginning of the Year Leadership Conference at the Hampton Inn & Suites in Ridgeland this past January. The event brought together DHG team members from various locations to discuss and strategize on topics related to finance, operations, HR, and leadership development. The team had a productive day, sharing ideas and concerns to develop action plans that are currently in progress. The conference also featured a keynote speech from Bryan Nesbit, Senior Managing Director at First Commercial Bank, who shared key concepts and tools for effective and engaging leadership.

“We are proud of our team’s hard work and dedication during the conference.We believe that our team’s commitment and collaboration will drive us towards even greater success in the future,” said Trent Floyd, DHG’s COO. DHG looks forward to its next event, where the team will continue to grow and learn together to achieve their goals. Bowling night team building activity

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esai Design and Construction is excited to announce their preparation for two Property Improvement Plans (PIPs) this first quarter. These will be their first projects in 2023 and they are determined to provide investors with a better experience and return on equity.

Guestroom - King studio prototype

The Hampton Inn & Suites in Natchez is undergoing a complete interior renovation to give guest rooms and public spaces a fresh, modern look. Construction will begin in July after careful planning to minimize guest disruption. Our goal is to establish the hotel as a premier destination for travelers. Hotel exterior view

HiltonGardenInnClarksvilleisundergoing a complete interior renovation of guest rooms and public spaces. We’re currently in the planning stage, analyzing quotes from interior design firms based on cost, expertise, and timeline. The project is estimated to take 4 to 6 months, and we’re committed to high-quality work and minimal disruption to guests.

Hotel exterior view

MEET OUR NEW CONSTRUCTION LEADER

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e’re thrilled to welcome Zach Morrow to the Desai Companies family! With eight years of experience in the corporate world and a strong background in construction, Zach brings extensive knowledge and expertise to Desai Design and Construction team. As our new project manager, Zach will play a crucial role in ensuring that all of our projects are completed on time, within budget, and of the highest quality. His experience managing large-scale projects will be invaluable as we continue to expand our portfolio and grow our company.

Zach Morrow - VP of Construction

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opportunities.

A licensed contractor in the state of Mississippi, specializing in top-notch hotel development and renovation construction and hotel renovation.

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QUARTERLY RECAP

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his quarter has been eventful with two major acquisitions and progress on ongoing projects. We’re committed to pursuing highquality opportunities and sustainable growth to deliver value to our investors. Here’s to a prosperous future together! Thank you for your support!

STAY CONNECTED TO KEEP UP WITH OUR INVESTMENT OPPORTUNITIES. Phone: 601-407-9005 105 West Washington St., Suite A2 Ridgeland, MS 39157

www.desaicompanies.com