Selina SPAC

How We Do It O. Source Identify underperforming hotels through proprietary technology 80%+ of deals executed off- market and without brokers¹ 20%+ discount to market lease prices² Selina Convert Local experience boards create hyper- local concepts ~120 days to convert³ Increase density of beds per location Add new revenue generating products such as co-working and F&B +++ 000 000 000 Activate and Operate Plug converted destination into Selina's hospitality technology platform Partner with local F&B providers to attract locals and experience seeking travelers Activate programming and content strategy 40% of location revenue generated from non-room products (e.g., co-work, experiences, and F&B)4 1. Based on 169 deals since 2014. 80% includes deals sourced by Selina employees. 2. Market lease rates based on internal analysis done prior to Selina closing transactions on the last 27 deals from mid-2019 to April 23, 2021. 3. Average of last 20 locations opened between March 2020 June 2021. Conversion time is the time between Selina receiving keys to begin Selina's own conversion, and opening, excluding months where development could not occur due to COVID-19 restrictions. 4. Based on Q3 2021. Calculated as F&B and Experience revenue divided by total revenue. OUR STORY 18

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