DORADUS HOSPITALITY FUND I, L.P.A DELAWARE LIMITED PARTNERSHIP

Investor Presentation

Fund Overview■ Doradus Hospitality Fund I, L.P. (the “Fund”) was formed to provide the opportunity for its

investors to achieve potential regular distributions and long-term capital appreciationthrough planned investments in hospitality projects across the Southeastern UnitedStates.

■ The Poarch Band of Creek Indians (“PCI”) is a key strategic partner to the Fund.

■ The Fund was seeded by PCI after a relationship was formed between the Poarch andthe Fund’s principals based upon prior business dealings.

■ The Fund expects to build a significant portfolio of high-quality “blue chip” hotelproperties in high barrier to entry projects and mixed-use urban developments, where webelieve that an opportunity exists to generate favorable returns and stable cash flows.

■ As opposed to more speculative open ended real estate funds, we have already securedthe land for and commenced design on the bulk of the proposed Fund projects, whichare discussed on the following slides.

■ Yedla Management Company, Inc. (“YMC”) is a key strategic partner to the Fund and theexperience and expertise YMC brings in hospitality management differentiates the Fundfrom similar offerings.

Summary of Terms■ Target Fund Size: $115,000,000■ Raised to Date: $21,200,000■ Capital Call at Initial Closing: 5% of Capital Commitment, plus an

additional sum for prior Fund investments. (Approx. $12,000,000 put to work to date.)

■ Mandatory Subsequent Capital Calls: At discretion of General Partner with 10 business days’notice.

■ Term of Fund: 7 years, with three optional one-year extensions. ■ Investment Period: 4 years, with Follow-On Commitments during the

life of the Fund. ■ Projected Net Returns: 15% annualized. (There can be no assurances,

however, that the Fund will achieve this objective.)

Summary of Hurdles and Fees■ The Fund has a promote structure including certain return hurdles and carried interest splits as

follows:– Limited Partners are entitled to a 10% Preferred Return before any profit sharing with the

General Partner.– Once a 10% IRR has been returned to the Limited Partners, the General Partner will receive

20% of the Fund profits until the next hurdle is reached.– Once a 12% IRR has been returned to the Limited Partners, the General Partner will receive

30% of the Fund profits until the final hurdle is reached.– Once a 15% IRR has been returned to the Limited Partners, the General Partner will receive

40% of the total Fund profits (catch-up provision).■ Fund Management Fee: The General Partner is entitled to an annual fee equal to 2% of the Fund’s

Capital Commitments during the Investment Period and then 1.5% for the duration of the Fund.■ Development Fee: 4% of the total cost to develop each Portfolio Property, paid for development and

construction management services, which may be paid to the General Partner, Management Company, or an affiliate thereof.

■ Hotel Management and Accounting Fee: 3.75% of the annual gross operating revenues of each Portfolio Property, paid for the day-to-day operation, management, and accounting of said Portfolio Property, which may be paid to the General Partner, Management Company, or an affiliate thereof.

■ Broker Fee: 2% of the gross sales price of any Portfolio Property, paid to the qualifying selling broker on any Portfolio Property sales transaction, one half of which may be paid to the General Partner, Management Company, or an affiliate thereof.

Management Team■ SRINATH R. YEDLA, President & CEO, YMC, Manager, Doradus Fund Management

Srinath Yedla brings his experiences working as both a senior executive with aFortune 500 company, and as a developer and operator of numerous hospitalityindustry assets including Marriott and Hilton brand hotels which have deliveredindustry leading returns for many years. As CEO, Srinath led YMC’s BusinessDevelopment team during a period of unprecedented growth for the company,overseeing new management, acquisition and development opportunities for thecompany while maintaining asset management and asset disposition responsibilities.

■ TERRY R. BYNUM, II, COO, Doradus Fund Management and Doradus DevelopmentTerry Bynum brings discipline and organization combined with a passion for realestate to run the operational team at both Doradus Fund Management and DoradusDevelopment. He spent the last fifteen years as an attorney, acting as outsidecounsel to myriad businesses as well as general counsel for a building anddevelopment company. Terry leads the due diligence process behind the evaluation ofpotential portfolio properties and interacts with Fund investors and lenders.

■ RICHARD DEMARCO, CDO, Doradus DevelopmentDuring his twenty-year career in commercial real estate, Rich has been involved in awide range of investment, asset management, and development activities within thehospitality, multifamily, and grocery-anchored retail asset classes. His developmentexperience includes directing land use strategies and entitlements, financialmodeling, overseeing architecture and design, implementing environmentalsustainability programs, site level construction coordination and stabilizing newproperties once completed. Over his career, Rich has been involved in over $750million in acquisitions and dispositions and multiple developments including fiveaward winning hospitality and multifamily projects in Florida and New York.

• Srinath Yedla with Mr. Bill Marriott at Flamingo Crossings Hotel Development.

Management Team■ BRANDON KRUSE, CTO, Doradus Fund Management .

Brandon Kruse started as a programmer at the age of fifteen at the telecommunications company Digium. At theage of eighteen, Brandon left Digium to work full-time on his new telecommunications company, Dialmaxx, whichsubsequently sold to MagicJack, before his 21st birthday. Brandon then ran the wholesale division of MagicJack andwas responsible for growth from 500 million minutes and $1.2 million in revenue annually to over six billion minutesand $15 million in revenue annually, within two years. Since that time, Mr. Kruse has founded a startup incubator,Huntsville West, to help cultivate small business in Huntsville. Mr. Kruse continues to consult in scalable technologywith several companies including The Hudson Alpha Institute for Biotechnology and the State of Alabama.

■ MICHAEL AMARAL, EVP, YMC .Michael Amaral is a hotel operations expert with over 25 years of experience working at the corporate and multi-unitlevel of the industry. His resume includes positions as Chief Operating Officer, Executive Vice President, RegionalVice President, and Director of Operations. He has worked as an independent consultant, an asset manager and aturnaround expert. Companies and major clients include; Lodgian Hotels & Resorts, Interstate Hotels & Resorts,Richfield Hospitality, Rockbridge Capital, 1st Equity Bank, Focus Management Company, and DMC Investments, LLC.

■ MIKE ADDISON, Construction Manager, Doradus Development .With over twenty years in the construction industry, Mike Addison has managed projects in every capacity possible.From a Superintendent running the field operations to a Division Manager and eventually as a company Owner, Mikehas the ability to analyze the project from the viewpoint of cost, constructability, and schedule. His experience withsustainable design and construction methodology, highlighted by his professional accreditation as a LEED AP(BD+C), further helps his team to analyze the design in order to not only provide a hotel that is beneficial toenvironment but also provides benefits to the guests through their entire experience. His approach to sustainabilityin the up-front planning also plays a large role in the post-construction operational costs thus helping to create anefficient and lean operation.

Key Strategic Partner – The Poarch Band of Creek Indians

The Poarch Band of Creek Indians (“PCI”), are members of the original Creek Nation which once covered almost all ofAlabama, Georgia and northwest Florida. PCI is the only federally-recognized Indian Tribe in the State of Alabama. PCIhas over 3,000 enrolled members, with the majority residing in five-county service area covering four southerncounties in Alabama plus Escambia County in the Florida panhandle. PCI owns and manages more than 300 acres ofreservation land and trust land in the vicinity of Poarch, Alabama. The reservation is located eight miles northwest ofAtmore, Alabama in rural Escambia County, and 57 miles east of Mobile.

Key Strategic Partner - Yedla Management Company, Inc.

■ At its core, Yedla Management Company, Inc. (“YMC”) are developers,owners and operators. Their unique perspective guides ourinvestment philosophy, which is built around acquiring smart realestate opportunities in fast-growing areas.

■ A track record of attractive returns and top Industry awards includingMarriott’s 2017 Horizon Award, Platinum Award and Hilton'sLighthouse award positions YMC as a strategic player that connectspartners and investors with valuable investment opportunities run byone of the preeminent management companies in the region.

■ In addition to building their own hotels, they work with world-classbrands, seasoned investors and third-party owners to bring theirprojects to life.

YMCHotel

Portfolio

Investment ApproachOur team has a combined set of skills and resources which we believe will result infavorable investment returns and distributions to the Fund’s investors. In particular:■ We have developed a highly regimented investment opportunity identification and

due diligence process.■ We have extensive experience in managing the entire property life cycle, from real

property selection and acquisition, through design, construction, and hotelmanagement, all the way to ultimate disposition.

■ We have over 30 years of experience developing hotels within best-in-class mixed-use environments across the country.

■ We seek principal development opportunity in high barriers to entry mixed useprojects that cater to innovation, growth, and a high quality of life.

■ We are at the forefront of developing extended-stay, select and focus-service hotelsin the most competitive mixed use destinations in the Southeastern United States.

Fund Projects

We have identified the projects which will make up the bulk of the Fund’s investments, as follows:■ Four 250 key Hilton and Marriott Select Service Properties,

Disney World’s Flamingo Crossings, Orlando, Florida■ 147 key AC by Marriott, Hill Center, Brentwood, Tennessee■ 181 key Home2Suites by Hilton, Crescent Uptown,

Charlotte, North Carolina■ 120 key AC and 113 key Residence Inn by Marriott,

City Center, Huntsville, Alabama

Walt Disney World’s Flamingo Crossings

■ The Walt Disney Company hasbegun the development of a 350acre tract of land located on thewest side of Walt Disney Worldcalled Flamingo Crossings.

■ The Fund has closed on theacquisition of 4 lots inside ofFlamingo Crossings and iscurrently in the design processon two Hilton and two Marriottselect service properties.

■ By working with mapping dataproviders, Disney is positioning theWestern entrance to be the gate ofchoice for families driving to DisneyWorld from the Southeastern andMidwestern United States markets,with Flamingo Crossings as thenearest Walt Disney World hospitalitydestination.

■ With their location inside of FlamingoCrossings, these properties will offerthe closest non-Disney hospitality tothe Walt Disney World parks.

■ We will be the only developer buildinghotels at the Flamingo Crossingsdevelopment which is Disney’s 350acre development targeting the valuecustomer. We may constructadditional hotels in the future.

You will see the large yellow area belowhighlighting the Flamingo CrossingsDevelopment, which demonstrates itsproximity to various Disney attractions:

Below is the overall Flamingo CrossingDevelopment with the proposed Fundhotels lining the Disney retail. To theright you will see detail on the fourproposed hotels on land alreadyowned by the Fund.

■ YMC co-developed and currentlymanages the first phase of FlamingoCrossings’ hospitality properties.These two select-service Marriotthotels opened in February of 2016and the Fund is consideringacquisition of them to provide anavenue for early operational returns.

■ Phase 2 of the project consists of theground-up development of two 250key select-service hotels under theHomewood Suites and Home2Suitesflags, both Hilton hotels.

■ Phase 3 of the project consists of theground-up development of two 250key select-service hotels under theFairfield Inn & Suites and ResidenceInn flags, both Marriott hotels.

Unique Differentiators at Flamingo Crossings

■ Disney Planning Center: Convenientlylocated near the front desk on the hotel'slobby level, the Disney Planning Center isa one-stop central hub where you canseamlessly organize your entire Disneyexperience.

■ Meet one-on-one with a Disney CastMember to plan the wonderful details ofyour stay. Until now, the Disney PlanningCenter has been exclusive to Disney'sworld renowned theme park hotels and afull-service Four Seasons hotel.

Unique Differentiators at Flamingo Crossings

■ ESPN Video Feed: Disney has offered toenable a direct video link to the FlamingoCrossings hotel complex which willprovide guests the ability to viewsportscasts of athletic tournamentsoccurring at the ESPN facility.

■ Viewing sportscasts of student-athletesparticipating in local, regional, andnational tournaments can be a verycompelling reason for parents,grandparents and perhaps even collegescouts to choose Flamingo Crossings astheir first choice in lodging when visitingESPN’s Wide World of Sports Facility.

Home2Suites, Crescent Uptown, Charlotte, NC■ Charlotte is the largest city in the state of

North Carolina, the second largest city inthe Southeastern United States, and thefifth fastest growing city in the country.

■ Charlotte is the second largest bankingcenter (after New York) in the UnitedStates. The city has eight Fortune 500companies in its metropolitan area.

■ The Charlotte region has become a majorhub for energy related companies andorganizations, with more than 240companies, employing 26,400employees, in energy related industries.

■ Charlotte is the major center of themotorsports industry in the United Statesand is home to the NASCAR Hall of Fame,located directly across the street from theproposed hotel.

■ This 181-room extended-stayproperty meets the National GreenBuilding Standard for a Bronzecertification and is located in theheart of downtown Charlotte, NorthCarolina, a major U.S. financial andbusiness center.

■ The property will be developed aspart of the Crescent Uptowndevelopment site, which comprisesapproximately 384,552 square feetof buildable space, including 459apartments (121 high-rise; 338mid-rise) and 47,500 square feet ofretail space incorporating a WholeFoods store.

■ The parking garage is currentlyunder construction and all designplans for the hotel have beencompleted.

Proposed Charlotte Home2Suites Project

Charlotte Home2Suites

by Hilton Plans and

Renderings

Marriott AC, City Centre, Huntsville, AL■ Huntsville, consistently recognized as one of

the best places to live and work, is home to ahighly rated, internationally diverse andaffluent population.

■ As a major employment center, Huntsvillegenerates a daytime population of over750,000 people and over the past decade theHuntsville MSA has accounted for over 24% ofthe population growth in Alabama.

■ Located on Williams Avenue between MonroeStreet and Lowe Avenue, CityCentre at BigSpring is an authentically chic mixed-usedevelopment in Huntsville’s Central BusinessDistrict.

■ The hotel is part of a mixed-use developmentwhich will also include several restaurants aswell as apartments.

■ This will be the first AC Hotel constructedanywhere in the state of Alabama.

Proposed Huntsville AC Project

Huntsville Marriott AC Interior Renderings

Overview of the Full Huntsville AC

Development Including Restaurant and Food Hall

Marriott AC, Hill Center, Brentwood, TN

■ Brentwood is an affluent suburb ofNashville, Tennessee. It is one of thewealthiest cities in the United Stateswith an estimated 2013 medianhousehold income of $132,919.

■ For the past five years, room demand inthe Brentwood/Nashville market, hasgrown from the mid-seventies to thehigh seventies, with average daily ratesclimbing from $128.00 in 2011 to$175.00 in 2015.

■ We have formed a Joint Venture withthe landowner, resulting in no upfrontland purchase.

Proposed Brentwood AC Project

Brentwood Marriott AC

Site and Floor Plans

Investment ContactsSupplemental information regarding Doradus Hospitality Fund I, L.P., and the Offering is available in the form of aPrivate Placement Memorandum (the “Fund PPM”). For more information or to request a copy of the Fund PPMplease contact:

Doradus GP I, LLCTerry R. Bynum, II, Manager

Office: 256-429-9325Cell: 256-348-4170

Email: trb@doraduspartners.comTHIS CONFIDENTIAL EQUITY OFFERING MEMORANDUM (the “Equity Offering” or “Offering”) is being furnished to the recipient (the “Recipient”) solely for theRecipient’s own limited use in considering whether to invest all, or a portion of the offered Equity (the “Equity”), into Doradus Hospitality Fund I, L.P., aDelaware limited partnership (the “Fund”) with Doradus GP I, LLC (the “General Partner” or “Sponsor”). The General Partner has prepared this confidentialEquity Offering, which contains brief, selected information pertaining to the business and affairs of the Fund. This confidential information does not purport tobe all-inclusive nor does it purport to contain all the information which a prospective investor may desire. The General Partner nor any of its partners, officers,employees, or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this Equity Offering or any of itscontents and no legal liability is assumed or shall be implied with respect thereto. The Recipient agrees that (a) the Equity Offering and its contents areConfidential Information, except for such information contained in the Equity Offering which is a matter of public record, (b) the Recipient, the Recipient’semployees, agents and consultants (collectively, the “need to know parties”) will hold and treat it in the strictest of confidence, and the Recipient and theneed to know parties will not, directly or indirectly, disclose or permit anyone else to disclose its contents to any person, firm, or entity without the prior writtenauthorization of the General Partner, and (c) the Recipient and the need to know parties will not use or permit to be used this Equity Offering or its contents inany fashion or manner detrimental to the interest of the General Partner, or for any purpose other than use in considering whether to provide all or a portion ofthe Equity. The Recipient and the need to know parties agree to keep this Equity Offering and all Confidential Information contained herein permanentlyconfidential and further agree to use this Equity Offering for the purpose set forth above. PHOTOCOPYING OR OTHER DUPLICATION IS STRICTLY PROHIBITED.THE GENERAL PARTNER EXPRESSLY RESERVES THE RIGHT, AT ITS SOLE DISCRETION, TO REJECT ANY PROPOSALS OR EXPRESSIONS OF INTEREST IN THEPROPOSED UNDERLYING EQUITY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME, WITH OR WITHOUT NOTICE. THE CONFIDENTIAL EQUITYOFFERING SHALL NOT BE DEEMED TO BE A REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HASBEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE FUND SINCE THE DATE OF PREPARATION OF THIS EQUITY OFFERING. If either party does not wish topursue negotiations leading to the placement of the Equity, or if in the future the Recipient or General Partner discontinues such negotiations, you agree toreturn this Confidential Equity Offering to the General Partner.