CB INKWELL HOSPITALITY FUND, LP - CarterBrothers...— "A Partnership With a Purpose“ — 2 INTRODUCTION TO CB INKWELL HOSPITALITY FUND The Fund is led by the CEO of CarterBrothers,

© 2019 | Confidential

2019 Q4

CB INKWELL HOSPITALITY FUND, LP

A Minority Business Enterprise

A hotel investment strategy designed to generate attractive risk-adjusted returns while building an African

American hospitality talent pipeline

— "A Partnership With a Purpose“ —

A joint venture

— "A Partnership With a Purpose“ — 2

INTRODUCTION TO CB INKWELL HOSPITALITY FUND

The Fund is led by the CEO of CarterBrothers, John F. Carter, a nationally recognized growth strategist with decades of experience solving operational and industry challenges in a range of verticals, all while increasing diversity.

Aimbridge Hospitality, the Fund’s Hotel Operator, is the nation’s largest independent hotel management firm. Its recent merger with Interstate Hotels & Resorts gives the firm unparalleled global reach: 1,400 properties in 49 states and 20 countries.

To help close the opportunity gap for underrepresented African Americans in the hospitality industry

To generate a 12-14% risk-adjusted return

through both current income and capital

appreciation

DOUBLE-BOTTOM LINE STRATEGY

POWERHOUSE PARTNERSHIP SOCIAL IMPACT INVESTMENT VEHICLE

Civitas Capital is an established investment manager responsible for $1.7 billion in client assets with vertically integrated hospitality expertise and an unparalleled commitment to diversity.


STRATEGY OVERVIEW & KEY FUND TERMS

▪ Acquire and reposition branded, select service U.S. hotels with the ability to acquire full service hotels on a case-by-case basis

▪ Target attractive risk–adjusted returns through both current income and capital appreciation

▪ Partner with African American joint ventures

▪ Leverage CarterBrothers’ industry-leading minority sourcing and contracting network to further create opportunities for AfricanAmericans

KEY FUND TERMS

THE CB INKWELL HOSPITALITY FUND is a joint venture of CarterBrothers, Aimbridge Hospitality, and Civitas Capital Group. John F.Carter, CEO of CarterBrothers, created the joint venture Fund – “A Partnership With a Purpose” – to help close the opportunitygap in the hospitality industry, which consistently shows that African Americans are greatly underrepresented as investors, seniormanagers, owners, and franchisees. To that end, the Fund’s strategy is to:

Target size $300MM

GP Investment $10MM

Targeted returns, net of fees:

▪ Average Current Yield 5%-7%

▪ Overall IRR 12%-14%


JOHN F. CARTER was named after John Fitzgerald Kennedy, the 35th Presidentof the United States. Mr. Carter has spent countless years studying hisnamesake, carrying with him the same sense of strength, leadership, andperseverance. The Kennedy family have been life-long summer residents ofMartha’s Vineyard. During the times of the Inkwell’s emergence, the Kennedyswere known to use “The Vineyard” as a meeting place with African Americansrich and poor to bridge gaps between races and to unite social classesthroughout the country.

ORIGIN STORY

Like the storied history that the Inkwell represents, CB Inkwell Hospitality Fund will play a pivotal role in transforming the industryinto one of inclusion, creating growth for African Americans and instilling a sense of pride through ownership, investment,franchise, and management opportunities. THE INKWELL

references popular beaches situated along the Atlantic seaboard and across the U.S. frequented by African Americans beginning in the late 19th century. Its most famous beach is in Oak Bluffs on Martha’s Vineyard in Massachusetts, a historic African American summer resort community which transformed this odious nickname into an emblem of true African American pride.

Picture shows iconic 19th - century gingerbread cottages at Oak Bluffs Campground

Like the storied history that the Inkwellrepresents, CB Inkwell Hospitality Fundwill play a pivotal role in transformingthe industry into one of inclusion,creating growth for African Americansas well as instilling a sense of pridethrough ownership, investment, andmanagement opportunities.

5[CONFIDENTIAL DRAFT | NOT FOR DISTRIBUTION]

MARKET OPPORTUNITY


AFRICAN AMERICANS STILL UNDERREPRESENTED

Source: STR – 2019 HOST Almanac, 2019 NAACP lodging industry report

Minorities in middle management;

shows inadequate pipeline for top

management

81% 4.5% 5%non-Hispanic whitesin top management positions (2015)

African American inclusion in top management

THE CHALLENGEThe $218 billion U.S. hospitality industry is full of opportunity,but African Americans remain significantly underrepresentedas investors, owners, and franchisees:

THE STRATEGYSeasoned African American entrepreneur and executive John F.Carter will lead the CB Inkwell Hospitality Fund. In addition totargeting attractive returns for investors, Carter will lead byexample with respect to closing the opportunity gap for AfricanAmericans in the hospitality industry. The Inkwell Fund willcollaborate with Aimbridge Hospitality to actively recruitAfrican Americans to fill key property-level roles for Fundassets, such as General Manager and Director of Sales, with aview toward expanding the pipeline of future African Americanhotel owners and investors. In addition, the Fund will seek toincrease African American representation among hotel ownersand franchisees by directly providing capital to AfricanAmerican franchisees through joint ventures.


BIG BRANDS LOOKING FOR PARTNERS TO DRIVE DIVERSITY

Big brands – Marriott, Hilton, etc. – have diversity and inclusion programs in place to increase diversity of culture, staff, and partners. Examples of current efforts:

▪ Marriott has 800+ open hotels owned by women and diverse partners as of today

▪ It’s goal is to have 1,500 open hotels owned by women and diverse partners by 2020

▪ Marriott has been named one of the World’s Best Multinational Workplaces by Great Place to Work®, the world’s largest annual study of workplace excellence

Qualifying companies must be at least 51% owned,operated, and controlled by a member of one ofthe following minority groups:

But the marketplace must help close the opportunity gap, especially so more African Americans become senior managers, hotel owners, and franchisees.

SUPPLIER DIVERSITY PROGRAM DIVERSITY AND INCLUSION PROGRAM

▪ Native Americans▪ veterans▪ LGBT▪ women

▪ Asian Americans▪ African Americans▪ Hispanic Americans


MEASURABLE IMPACT ON AFRICAN AMERICANS

CAPITALIncrease hospitality industry opportunities for African Americans by proactively seeking out and providing capital to African American joint venture partners, with a target of such joint ventures comprising at least 25% of the Inkwell Fund's portfolio or capital allocation.

CAREER Proactively recruit African Americans for property-level positions, particularly senior management roles, with a target of African Americans filling at least 25% of such positions. Partner with top hospitality management program to create the Inkwell Hospitality Fellowship (see Appendix).

TARGET MARKETSInvestments in emerging urban neighborhoods as well as those that are significant to African Americans through demographic, historical, and/or geographical representation

MINORITY SOURCINGLeverage CarterBrothers' best-in-class Integrated Facilities Management (IFM) and minority sourcing to maximize impact beyond the Fund itself, with a minimum African American workforce target of 25%.

The Inkwell Fund will seek to have a measurable impact on African Americans in hospitality, in four ways:


WHO WE ARE


POWERHOUSE PARTNERSHIP

HOTEL OPERATORAimbridge Hospitality is the nation’s largest independent hotel management firm with a proven track record of delivering superior returns for its strategic partners. Its recent merger with Interstate Hotels & Resorts gives the firm unparalleled global reach:▪ Over 1,400 hotel properties in portfolio ▪ Over 180,000 rooms across North America▪ Leverages national scale and operational

efficiency for significant cost savings

INVESTMENT MANAGERCivitas Capital works closely with John F. Carter and Aimbridge to originate, evaluate, structure, and manage the Fund’s hotel investments.▪ $1.7 billion AUM ▪ Vertically integrated lodging skill set▪ Oversees third-party Fund administrator, all

investor relations functions, reporting, tax, and audit

GENERAL PARTNERThe Fund is led by John F. Carter, a nationally recognized growth strategist who works with corporations and industry leaders to solve operational challenges while increasing diversity. His firm, CarterBrothers, is known for an array of hospitality functions, including:▪ Cutting-edge Integrated Facilities

Management▪ Proprietary SMART technology▪ Vast M/WBE service providers network


John F. CarterCEO & Vice Chairman of CarterBrothers

• Has served as the Founder & Chief Executive Officer of The CarterBrothers Companies since founding the firm in 2001• As CEO, leads one of the nation’s top minority real estate service providers, specializing in integrated facility

and program management• His award-winning Minority Business Enterprise (MBE) has served blue-chip clients across a range of industries

nationwide, including TYCO/ADT, Brookfield Properties, HCA/HealthTrust, General Electric, Hartsfield-JacksonInternational Airport, DFW International Airport, Los Angeles International Airport, Republic Properties, andMiller/Coors Brewing Company

• Began his career at commercial real estate construction firm Barton Malow Company, where for nine years heoversaw the construction of projects with budgets totaling over $6B in a range of verticals, including hospitality,healthcare, and public sports facilities

• Negotiated several global partnerships with corporate heavy hitters, including General Electrics, Tyco/ADT, andJohnson Controls

• Leveraged his relationships with GE, completing its Sarbanes-Oxley (SOX) Training program, holding positions on itsadvisory board, and eventually acquiring its Fire Life & Safety Division, Edwards Services – which he grew to four timesits size before selling to Tyco

• Is actively engaged in the world of college and professional sports as a trusted advisor; working across a numberof leagues and teams, he frequently advises athletes and their representation on a wide range of business affairs,helping them navigate career and investment opportunities as they prepare for the next phase of their lives

• Is a member of the National Association of Black Hotel Owners, Operators, and Developers, as well as the NationalMinority Supplier Diversity Council, where he previously served on the Board of Directors

• Studied business management at West Liberty State College and was a participant in the General Electric LeadershipManagement Development Training Program; he is a graduate of the Advanced Management Education Program atNorthwestern University’s Kellogg School of Management

PURPOSEFUL LEADERSHIP – JOHN F. CARTER


NO.1 GLOBAL OPERATOR – AIMBRIDGE HOSPITALITY

BENEFITS OF SCALE

▪ Aimbridge’s geographic coverage across the U.S. is unmatched and provides scale benefits due to its ability to leverage resources of proximate hotels

▪ Aimbridge has a market-leading position in size, information, service capability, and talent

▪ Highest limits and lowest deductibles of any third-party operator

▪ Able to achieve among the lowest Online Travel Agencies (OTA) rates in the industry

HQ: Dallas/Plano, TX

Caribbean Development Office: Puerto RicoCanadian Development Office: Toronto

Regional Offices: Chicago, IL San Francisco, CA San Clemente, CA Scottsdale, AZ Wichita, KS Fargo, ND

INTERNATIONAL• Canada• Bahamas• Barbados• Curacao• Cayman Islands• Puerto Rico• St. Croix

PEOPLE

▪ Over 65,000 employees▪ Robust and diverse portfolio attracts the

highest level of talent▪ 70% of general managers promoted internally▪ Scale provides competitive employee benefits

at great pricing

PLATFORM

▪ Brand influencer▪ Robust e-commerce/online marketing

acumen/training▪ Proprietary sales and revenue

management and tools▪ Industry’s best IT and

accounting/reporting/data analytics

VALUES

▪ Integrity. Financial Responsibility. Quality.▪ Committed to an inclusive workplace that

promotes and values diversity▪ Socially responsible citizenship, encouraging

each other to make an impact and connection within our communities

▪ Passionate, service-minded employees dedicated to making a difference


EXPERIENCED INVESTMENT MANAGER: CIVITAS CAPITAL GROUP

1. Project awards as of September 2019 and are not necessarily specific to Civitas investment and are not indicative of project success. 2. AUM includes managed funds, advisory engagements, andcommitted capital less capital returned. All figures as of June 30, 2018..

CIVITAS CAPITAL GROUP oversees $1.7B in client assets2 invested in compelling, niche strategies in U.S. real estate and lodging. The firm’s vertically integrated lodging skill set enables Civitas to invest as a capital provider, direct owner, or developer. The Civitas lodging team’s extensive knowledge of every core component of the hotel business creates a seamless relationship with Aimbridge as operator, as well as a sustainable competitive advantage in acquisition and disposition.

35%

45%

7%

6%7%

64Investments

Multifamily

Hotels

Office

Senior Living

Other

▪ 9,800+ Keys Developed and Acquired

▪ Awarded the Marriott International 2017 & 2018 CONNECT Developer of the Year award

▪ Civitas’ AC Hotel Dallas by the Galleria received The 2019 American Architecture Award by The Chicago Athenaeum

▪ Six transactions recognized by Dallas Business Journal as Best Real Estate Deals1

FIRM VALUES

RELENTLESS CREATIVITY: We take pride applying multiple lenses, perspectives, and approaches to every problem.

CHAMPIONS OF COURAGE: Faith in ourselves and our team gives the firm and each employee the courage to take chances and fail often in the pursuit of excellence.COMMITMENT TO EXCELLENCE: “Good enough” is not good enough. We will stand out as excellent. UNCOMPROMISING INTEGRITY: As stewards of trust, we require the highest ethical standards in everything we do.

COMMITMENT TO DIVERSITY: Civitas is committed to building a team whose diversity – of background, of thought, of life experience – increases our cultural competency in every possible way. This is a competitive advantage, as well as a required component of our Relentless Creativity.


INVESTMENT STRATEGY


69.5%

30.5%

U.S. HOSPITALITY INDUSTRY SNAPSHOT

INDUSTRY CHARACTERISTICS 1

▪ Total U.S. industry revenue, 2018: $218 billion2

▪ Brand focus

▪ Sensitive to GDP growth

1. STR - 2019 HOST Almanac. 2. Highest ever revenue figure; more than $10 billion higher than 2017. 3. Bloomberg. 4. Upper Upscale and Midscale are not the Fund’s primary segments, but the Fundmay consider acquiring properties within these segments on a case-by-case basis. See page 20, “sidecar vehicle,” for more information. Note: STR, Inc, formerly known as Smith Travel Research,provides benchmarking and analysis services for the hotel sector worldwide.

GUEST SEGMENTATION 1

As of Q3 2018

MARKET SIZE 5,274,181 rooms

STR CHAIN SCALE4

30.0%

70.0%

TARGET SEGMENTS

Leisure Business

MARKET SIZE AND TARGET SEGMENTS 3

Target Segments 1,757,598 Rooms

Independent29%

Luxury, 3%

Upper Upscale, 15%

Upscale, 20%

Upper Midscale,

25%

Midscale, 13%

Economy, 23%

Branded71%

Economy, 21%

Midscale4, 13%

Upper Midscale, 26%

Upscale, 21%

Upper Upscale4, 16%

Luxury, 3%U.S. HOSPITALITY INDUSTRY


1/1

/90

7/1

/91

1/1

/93

7/1

/94

1/1

/96

7/1

/97

1/1

/99

7/1

/00

1/1

/02

7/1

/03

1/1

/05

7/1

/06

1/1

/08

7/1

/09

1/1

/11

7/1

/12

1/1

/14

7/1

/15

1/1

/17

7/1

/18

Luxury & Upper Upscale Upscale, Upper Midscale & Midscale

U.S. REVPAR1 GROWTH COMPARISON BY CHAIN SCALE SEGMENT

-8.6%

-15.6% -15.5%

-19.3%

-0.9%

-3.4%

+9.3%

+6.6%

Source: STR (Smith Travel Research)

▪ Demand growth for limited and select service hotels 2

outpaced supply growth within the segment by a larger margin than full service segments

▪ Limited and select service hotels are tailoring amenities to guest demands

▪ Everything you need, and nothing you don’t equates tosatisfaction at a lower price

▪ RevPAR decline is more muted for limited and select service hotels than for full service hotels in downturns

▪ During downturns limited and select service hotels absorb the travel demands of segments that typically utilize full service hotels

KEY TAKEAWAY | During the last three recessionary periods, limited and select service hotels outperformed full service hotels in 51 out of 65 months, or 78% of the time

(20%)

(15%)

(10%)

(5%)

0%

5%

10%

15%

1. Revenue per available room (RevPAR) is calculated by multiplying a hotel’s average daily room rate (ADR) by its occupancy rate. RevPAR is a key performance metric used in the hotel industry.2. Limited service hotel: a hotel without restaurant or banquet facilities, the services and amenities offered to guests of limited service hotels are typically simple. Select service hotel: A hotel thatoffers “select” amenities that might include a business center, a fitness room, a guest laundry facility, a market pantry, an indoor and/or outdoor pool and whirlpool, and small meeting rooms.


DISCIPLINED, FOCUSED INVESTMENT STRATEGY

TYPE OF INVESTMENTSThe Inkwell Fund generallywill acquire hotels outright,but has the flexibility to enterinto joint ventures with third-party sponsors, with a focuson African Americans.

The Inkwell Fund will seek to acquire existing hotels with current cash flow and the opportunity to enhance value through any combination of:

(e.g., economies of scale associated with Aimbridge purchasing power)

(e.g., executing a Property Improvement Plan, aka a “PIP,” including scope negotiations with brands and space enhancement)

(e.g., aggressively upgrading corporate and group sales efforts)

MARKET REPOSITIONING

ENHANCED OPERATIONS

PHYSICAL IMPROVEMENTS

▪ The Inkwell Fund will focus on acquisitions of select service hotels,categorized by Smith Travel Research (STR) as Upscale and UpperMidscale, in top four brand families

▪ The Fund will invest in standard brands associated with thesefranchisors as well as “soft” brands such as Curio by Hilton.

▪ On a case-by-case basis, the Fund may pursue acquisition of certain fullservice and select service hotels, categorized by STR as Upper Upscaleand midscale, that are particularly aligned with the Fund’s mission.

FOCUS ON MAJOR BRANDS AND TARGETED CHAIN SCALE SEGMENTS

Top four brand families the Fund focuses on


FOCUS ON MAJOR BRANDS*U

PP

ER

U

PS

CA

LE

PR

IMA

RY

FO

CU

S

HYATTHILTONMARRIOTT IHG

UP

PE

R

MID

SC

ALE

UP

SC

ALE

MID

SC

ALE

* The Fund may add brands to each category as the four franchisors’ new brands enter the market.


MOUNTAIN

SOUTHWEST

MIDWEST

SOUTHEAST

MID-ATLANTIC

NORTHEAST

FOCUS ON TOP 100 U.S. METROS WITH DEMAND DRIVERS

Past performance is not indicative of future results. Actual performance may vary, possibly materially, and could result in loss of principal, including a total loss. As of December 31, 2018. Somelandmarks may include multiple properties.

SAN ANTONIO, TX

Demand Drivers (MSA #24): ▪Three military bases▪ Six Fortune 500 companies ▪30M+ tourists annually

BIRMINGHAM, ALDemand Drivers: (MSA #50) ▪Extensive Civil Rights heritage▪Regional healthcare networks▪University of Alabama at Birmingham

TEMPE, AZ

Demand Drivers (MSA #11): ▪Arizona State University▪Net corporation migration ▪High-tech workforce

MEMPHIS, TN

Demand Drivers: (MSA #44) ▪National Civil Rights Museum▪2/3 population African American▪Univ of Memphis; HBCU (Owen) E

XA

MP

LE

S


SIDECAR OPPORTUNITY

The Inkwell Fund will find many investment opportunitiesthat do not fit within the main Fund strategy. Theseopportunities may include:

▪ Development and redevelopment projects▪ HBCU-related projects▪ Other brands (e.g., luxury segment opportunities)▪ Investments in Opportunity Zones, which:

▪ Were created by the Tax Cuts and Jobs Act (2017)▪ Spur job creation in distressed communities▪ Comprise approximately 8700 areas in 50 states▪ Provide significant potential tax benefits▪ Require a longer hold period

If the Inkwell Fund likes an opportunity that falls outside ofthe primary investment strategy, we can create a sidecar co-investment vehicle. Fund investors who commit $25MM ormore will have the right to invest in such opportunities. Thegeneral partner will evaluate and present these opportunitiesto eligible limited partners on a case-by-case basis.

KEY TAKEAWAY The Fund anticipates significant sidecar deal flow.


SUMMARY OF KEY FUND TERMS

$300 million

3 years, beginning on the date of the final closing

7 years from the date of the final closing, subject to one 12-month extension at the General Partner’s discretion.

Civitas will charge an investment management fee of 1.75% per annum of each limited partner’s committed capital during the investment period, and of net invested capital during and after the investment period.

The Fund may contract with one or more affiliates to provide construction management services in connection with a “Property Improvement Plan” (PIP) or other construction work for a Fund investment. In such circumstances, the Fund will be charged a fee equal to 4% of the relevant construction budget.

(i) 6% preferred return on contributed capital;(ii) return of contributed capital; (iii) 50% to LPs and 50% to GP until GP receives 20% of distributions above

contributed capital; and (iv) 80% to LPs and 20% to GP

At the asset level, the Fund will generally use leverage of 60% to 70% of total cost. Maximum leverage will be 75%. There will be no leverage at the Fund level, with the exception of a subscription line of credit secured by uncalled capital commitments.

The final closing shall be required to take place within eighteen (18) months after the first

closing. Investors at the subsequent / final closing(s) will be required to pay to earlier investors

interest at 6% to “true up” for the time between closings.

As operator, Aimbridge will charge a management fee of 3% of each Fund hotel’s gross revenue.

TARGET SIZE

INVESTMENT PERIOD

FUND LIFE

INVESTMENT MANAGEMENT FEE

PROJECT MANAGEMENT

FEE

CASH FLOW DISTRIBUTION WATERFALL

CLOSING

LEVERAGE

HOTEL MANAGEMENT FEE

TARGETED RETURN 5% average current yield, 12% IRR, net of fees and expenses


KEY SERVICE PROVIDERS

LEGAL COUNSEL

(CORPORATE)

FUND ADMINISTRATION

AUDIT & TAX

LEGAL COUNSEL

(HOSPITALITY)


APPENDIX


INKWELL HOSPITALITY FELLOWSHIP

The Inkwell Fund will sponsor the creation of theInkwell Hospitality Fellowship, designed toprovide promising African American students andentrepreneurs with a rotation through thehospitality industry from multiple perspectives –development, acquisitions, brand relationshipsand franchising, financing, operations, sales andmarketing, IFM, construction and design, anddispositions.

The General Partner will partner with one ormore academic institutions and hospitalitycompanies to design and implement the InkwellHospitality Fellowship – possibly including PaulQuinn College, a Dallas-based historically blackcollege well known for innovation, and/or aschool on the NAACP list of 10 notable HBCUsoffering hospitality programs.

The Inkwell Hospitality Fellowship will seek to:

▪ Expose each Inkwell Fellow to the wide rangeof opportunities available in the hospitalityindustry; and

▪ Deepen each Inkwell Fellow’s professionalnetwork, with a view toward directlyexpanding the pipeline of African Americantalent headed for senior roles in the hotelindustry.


IMPORTANT LEGAL DISCLAIMERS

This presentation is confidential. This presentation and its contentsare proprietary information and may not be reproduced or otherwisedisseminated, in whole or in part, without the prior written consent ofCB Inkwell Hospitality Fund GP, LP (the “General Partner”).

This document does not constitute an offer, solicitation orrecommendation to sell or a solicitation of an offer to buy any securities,investment products, or investment advisory services. Any such offermay only be made to qualified investors by means of delivery of formaloffering documents (e.g., a confidential private placementmemorandum with accompanying subscription documentation) orother applicable materials that describe the material terms of thetransaction.

The information and opinions contained herein are provided forinformational purposes only. The information may include views,estimates, and information from other sources that may or may notbe accurate. All information is subject to change or correction withoutnotice. Nothing contained in this presentation constitutes legal,financial, or tax advice. You should consult your legal, financial, andtax advisors prior to making any decisions or taking any actionconcerning information provided in this document.

Actual performance may vary, possibly materially, from resultspresented herein and could result in loss of principal. Someperformance data presented in this presentation represents projectsand work product of one or more predecessor entities. Pastperformance is not necessarily indicative of future results. Anyfinancial or other projections herein are based on the GeneralPartner’s reasonable judgment, which does not guarantee that suchresults will be achieved. This document may contain forward-lookingstatements and projections that are based on Civitas’ beliefs andassumptions and on information available as of the date hereof thatthe General Partner believes to be reasonable and accurate. However,such statements necessarily involve risks, uncertainties, andassumptions, and prospective investors may not put undue reliance

on any of these statements.

Translation of this document into any language other than English isfor the convenience of the reader only. The General Partner does notwarrant the accuracy or completeness of any translation and disclaimsany liability in connection with translated materials. The Englishversion of this document shall control in the event of any conflict witha translated version. This presentation includes only summaryinformation, and not all information necessary to make an investmentdecision.

© 2019 CB Inkwell Hospitality Fund, LP | Privileged and Confidential. v47

CB Inkwell Hospitality Fund, LP, is a hotelinvestment strategy designed to generateattractive risk-adjusted returns whilebuilding an African American hospitalitytalent pipeline.

— "A Partnership With a Purpose“ —

A Minority Business Enterprise

Documents

CB INKWELL HOSPITALITY FUND, LP - CarterBrothers...— "A Partnership With a Purpose“ — 2 INTRODUCTION TO CB INKWELL HOSPITALITY FUND The Fund is led by the CEO of CarterBrothers,