Terms and Conditions

Last Updated: 07/01/26

IMPORTANT NOTICE — PLEASE READ CAREFULLY. These Terms and Conditions contain provisions that materially affect your legal rights, including a binding individual arbitration requirement and a class-action waiver (Section 16), broad disclaimers of warranties (Section 10), limitations of liability (Section 11), and a release (Section 13). By accessing or using this Site, you agree to these Terms in full. If you do not agree, do not access or use the Site.

1. Acceptance of Terms

These Terms and Conditions ("Terms") govern your access to and use of the website operated by AARO Real Estate LLC, doing business as AARO Hospitality, together with its affiliates and subsidiaries (collectively, "AARO," "we," "us," or "our") (the "Site"). By accessing, browsing, or otherwise using the Site, you acknowledge that you have read, understood, and agree to be bound by these Terms and by our Privacy Policy, which is incorporated herein by reference. If you are accessing the Site on behalf of an entity, you represent and warrant that you are authorized to bind that entity, and "you" refers to both you and that entity.

2. No Offer; No Solicitation; No Advice

The content of this Site is provided for general informational purposes only. Nothing on this Site constitutes, or is intended to constitute, an offer to sell, or the solicitation of an offer to buy, any security, investment, or interest in any fund, entity, or property, nor investment, legal, tax, accounting, or other professional advice. Any offer or solicitation will be made only through definitive offering or subscription documents furnished directly to qualified prospective investors and only in accordance with all applicable securities and other laws. No information on this Site is intended to form the basis of any investment decision, contract, or commitment, and nothing on the Site should be relied upon as a promise or representation as to any future result. You should conduct your own independent investigation and consult your own professional advisors before making any decision.

3. Accredited Investors; Forward-Looking Statements

Any investment opportunities referenced on this Site are available only to "accredited investors" as defined under applicable U.S. securities laws, and any participation is subject to separate eligibility verification conducted outside this Site. Certain statements on this Site — including any statements regarding targeted or projected returns (including any reference to a target internal rate of return), investment strategy, market outlook, pipeline, or anticipated performance — are "forward-looking statements." These statements are based on current expectations, assumptions, and projections that are inherently uncertain and subject to significant business, economic, regulatory, and market risks beyond our control. Forward-looking statements are not guarantees of future performance, and actual results may differ materially. Any target returns are hypothetical, are not a promise or guarantee, and may not be achieved. Past or current performance is not indicative of future results. We undertake no obligation to update any forward-looking statement except as required by law.

4. No Fiduciary or Advisory Relationship

Your access to or use of this Site does not create any advisory, fiduciary, agency, brokerage, partnership, joint venture, or other relationship between you and AARO. AARO does not, through this Site, provide personalized investment advice or recommendations, and nothing on this Site should be construed as a recommendation that any particular transaction, investment, or strategy is suitable for you. Any advisory or client relationship with AARO or any of its affiliates arises only upon the execution of a separate written agreement expressly establishing that relationship. To the extent AARO or any affiliate is or becomes registered as an investment adviser, any communications governed by applicable investment adviser marketing and advertising rules are qualified in their entirety by the disclosures required under those rules.

5. Nature of Services; Separate Entities

AARO's business includes real estate investment, hospitality management, and construction management services, conducted through separate affiliated entities. References on this Site to "AARO" collectively describe this platform and do not merge these entities or their respective rights and obligations. Services described on this Site are provided only pursuant to separate written agreements between the applicable AARO entity and the applicable client, owner, or counterparty, and the actual scope, terms, fees, and outcomes of any engagement are governed solely by those agreements and not by any description on this Site. Descriptions of prior or current properties, transactions, or engagements are provided for illustrative and informational purposes only, do not constitute a representation of typical results, and are not indicative of future performance.

6. Eligibility and Permitted Use

You must be at least 18 years of age and legally capable of entering into binding contracts to use this Site. You agree to use the Site only for lawful purposes and in accordance with these Terms, and you are responsible for compliance with all applicable laws in connection with your use.

7. Prohibited Conduct

You agree that you will not: (a) use the Site in violation of any applicable law or regulation; (b) attempt to gain unauthorized access to any portion of the Site, its servers, or any connected systems or networks; (c) introduce any virus, malware, or other harmful or disruptive code; (d) use any automated means, including bots, scrapers, or crawlers, to access, copy, harvest, or monitor any portion of the Site without our prior written consent; (e) interfere with or disrupt the operation, security, or integrity of the Site; (f) misrepresent your identity or affiliation with any person or entity; (g) use the Site to transmit unsolicited or unauthorized advertising or communications; (h) frame, mirror, or deep-link to any portion of the Site without our prior written consent; or (i) use the Site or any Content in connection with the offering, marketing, or solicitation of any competing investment product or service. We reserve the right to investigate and take appropriate action, including legal action and cooperation with authorities, against any violation.

8. Intellectual Property

All content on the Site — including text, graphics, logos, images, photographs, page layouts, design, trademarks, service marks, and the selection, coordination, and arrangement thereof (collectively, "Content") — is owned by AARO or its licensors and is protected by United States and international intellectual property laws. The "AARO" name, logo, and related marks are trademarks of AARO and may not be used without our prior written consent. We grant you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and view the Content solely for your personal, non-commercial, informational use. Any other use — including reproduction, modification, distribution, republication, public display, framing, or the creation of derivative works — is strictly prohibited without our prior written consent. All rights not expressly granted are reserved.

9. Submissions

Any personal information you submit through the Site is governed by our Privacy Policy. Except for such personal information, any other material, suggestion, idea, or communication you transmit to us through the Site will be treated as non-confidential and non-proprietary, and you grant AARO a perpetual, irrevocable, worldwide, royalty-free, fully paid-up, sublicensable right and license to use, reproduce, and otherwise exploit it for any lawful business purpose without obligation, attribution, or compensation to you. You represent and warrant that any information you submit is accurate and lawful and that you have all rights necessary to submit it.

10. Disclaimer of Warranties

THE SITE AND ALL CONTENT ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY. To the fullest extent permitted by applicable law, we disclaim all warranties, including the implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement, and any warranty that the Site will be uninterrupted, timely, secure, error-free, or free of viruses or other harmful components. We make no warranty or representation as to the accuracy, completeness, currency, or reliability of any Content, and any reliance you place on such Content is strictly at your own risk.

11. No Guarantee of Results; Assumption of Risk

All investments, including real estate and hospitality assets, are speculative, involve substantial risk, and may result in partial or total loss of capital. AARO does not warrant or guarantee the performance, profitability, or success of any investment, property, engagement, or strategy referenced on this Site. Any information derived from third-party sources is believed to be reliable but has not been independently verified by AARO, and AARO assumes no responsibility or liability for any error or omission in such information. You acknowledge and agree that you are solely responsible for your own due diligence and for any decision you make, and that you assume all risk arising from any use of, or reliance on, the Site or its Content.

12. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AARO AND ITS AFFILIATES, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, MEMBERS, MANAGERS, EMPLOYEES, AND AGENTS, SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO YOUR ACCESS TO OR USE OF, OR INABILITY TO ACCESS OR USE, THE SITE OR ANY CONTENT, WHETHER BASED IN CONTRACT, TORT, STRICT LIABILITY, OR ANY OTHER THEORY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. To the fullest extent permitted by law, the aggregate liability of AARO arising out of or relating to the Site or these Terms shall not exceed one hundred U.S. dollars ($100). Because some jurisdictions do not allow certain limitations or exclusions, portions of this Section may not apply to you, and nothing in these Terms limits any liability that cannot be limited or excluded under applicable law.

13. Release

To the fullest extent permitted by applicable law, you release AARO and its affiliates, and their respective officers, directors, members, managers, employees, and agents, from any and all claims, demands, damages, losses, and liabilities of every kind and nature, whether known or unknown, arising out of or in any way connected with your use of the Site or your reliance on any Content. This release does not apply to any liability that cannot be released or waived under applicable law.

14. Indemnification

To the fullest extent permitted by applicable law, you agree to indemnify, defend, and hold harmless AARO and its affiliates, and their respective officers, directors, members, managers, employees, and agents, from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to your misuse of the Site, your violation of these Terms, or your violation of any applicable law or the rights of any third party.

15. Third-Party Links and Content

The Site may contain links to third-party websites, including hotel brand and franchise partner sites, provided solely for your convenience. We do not control, endorse, or assume responsibility for the content, products, services, privacy practices, or availability of any third-party site. Your access to and use of any third-party site is at your own risk and subject to that site's own terms and policies.

16. Governing Law, Dispute Resolution, and Class Waiver

These Terms are governed by the laws of the State of Texas, without regard to its conflict-of-law principles. Any dispute, claim, or controversy arising out of or relating to these Terms or your access to or use of the Site shall be resolved exclusively through final and binding individual arbitration administered in Harris County, Texas, under the rules of a recognized arbitration provider, except that either party may bring an individual claim in a small-claims court of competent jurisdiction where the claim qualifies. To the fullest extent permitted by applicable law, you and AARO each agree that any claim may be brought only in an individual capacity, and not as a plaintiff or class member in any class, collective, consolidated, mass, or representative proceeding, and the arbitrator shall have no authority to arbitrate claims on a class or representative basis. To the extent permitted by law, any claim must be commenced within one (1) year after the event giving rise to it, and each party waives any right to a jury trial to the fullest extent permitted by law.

17. Reservation of Regulatory Rights

Nothing in these Terms is intended to waive, limit, or disclaim any right or remedy that cannot be waived, limited, or disclaimed under applicable federal or state securities laws, and nothing in these Terms shall be construed as a waiver of compliance with any provision of the federal securities laws or the rules and regulations thereunder. No provision of these Terms limiting liability, releasing claims, or requiring arbitration shall apply to the extent such application is prohibited by such laws.

18. Termination

We may suspend, restrict, or terminate your access to the Site at any time, with or without notice and for any reason, including any actual or suspected violation of these Terms. All provisions that by their nature should survive termination — including Sections 2 through 5 and 8 through 20 — shall survive.

19. Changes to the Site and These Terms

We may modify, suspend, or discontinue any part of the Site at any time without notice or liability. We may revise these Terms at any time in our sole discretion by posting the revised Terms with an updated "Last Updated" date, and your continued use of the Site after any revision constitutes acceptance of the revised Terms. If you do not agree to the revised Terms, your sole and exclusive remedy is to discontinue use of the Site.

20. Severability, Savings, and No Waiver

If any provision of these Terms is held to be invalid, unenforceable, or unconscionable by a court or arbitrator of competent jurisdiction, that provision shall be modified to the minimum extent necessary to render it enforceable or, if it cannot be so modified, severed from these Terms, and all remaining provisions shall continue in full force and effect. If the class-and-representative-action waiver in Section 16 is found unenforceable as to any particular claim, that claim (and only that claim) shall proceed in a court of competent jurisdiction, while all other claims remain subject to individual arbitration. Our failure to enforce any provision shall not constitute a waiver of that or any other provision.

21. Entire Agreement

These Terms, together with the Privacy Policy and any other policies expressly incorporated by reference, constitute the entire agreement between you and AARO regarding your use of the Site and supersede all prior or contemporaneous understandings or agreements, whether written or oral, relating to that subject matter.

22. Contact Us

Questions regarding these Terms may be directed to:
info@aarorealestate.com
AARO Real Estate LLC, 10050 Northwest Freeway, Suite 105, Houston, TX 77092

Last Updated: 07/01/26

IMPORTANT NOTICE — PLEASE READ CAREFULLY. These Terms and Conditions contain provisions that materially affect your legal rights, including a binding individual arbitration requirement and a class-action waiver (Section 16), broad disclaimers of warranties (Section 10), limitations of liability (Section 11), and a release (Section 13). By accessing or using this Site, you agree to these Terms in full. If you do not agree, do not access or use the Site.

1. Acceptance of Terms

These Terms and Conditions ("Terms") govern your access to and use of the website operated by AARO Real Estate LLC, doing business as AARO Hospitality, together with its affiliates and subsidiaries (collectively, "AARO," "we," "us," or "our") (the "Site"). By accessing, browsing, or otherwise using the Site, you acknowledge that you have read, understood, and agree to be bound by these Terms and by our Privacy Policy, which is incorporated herein by reference. If you are accessing the Site on behalf of an entity, you represent and warrant that you are authorized to bind that entity, and "you" refers to both you and that entity.

2. No Offer; No Solicitation; No Advice

The content of this Site is provided for general informational purposes only. Nothing on this Site constitutes, or is intended to constitute, an offer to sell, or the solicitation of an offer to buy, any security, investment, or interest in any fund, entity, or property, nor investment, legal, tax, accounting, or other professional advice. Any offer or solicitation will be made only through definitive offering or subscription documents furnished directly to qualified prospective investors and only in accordance with all applicable securities and other laws. No information on this Site is intended to form the basis of any investment decision, contract, or commitment, and nothing on the Site should be relied upon as a promise or representation as to any future result. You should conduct your own independent investigation and consult your own professional advisors before making any decision.

3. Accredited Investors; Forward-Looking Statements

Any investment opportunities referenced on this Site are available only to "accredited investors" as defined under applicable U.S. securities laws, and any participation is subject to separate eligibility verification conducted outside this Site. Certain statements on this Site — including any statements regarding targeted or projected returns (including any reference to a target internal rate of return), investment strategy, market outlook, pipeline, or anticipated performance — are "forward-looking statements." These statements are based on current expectations, assumptions, and projections that are inherently uncertain and subject to significant business, economic, regulatory, and market risks beyond our control. Forward-looking statements are not guarantees of future performance, and actual results may differ materially. Any target returns are hypothetical, are not a promise or guarantee, and may not be achieved. Past or current performance is not indicative of future results. We undertake no obligation to update any forward-looking statement except as required by law.

4. No Fiduciary or Advisory Relationship

Your access to or use of this Site does not create any advisory, fiduciary, agency, brokerage, partnership, joint venture, or other relationship between you and AARO. AARO does not, through this Site, provide personalized investment advice or recommendations, and nothing on this Site should be construed as a recommendation that any particular transaction, investment, or strategy is suitable for you. Any advisory or client relationship with AARO or any of its affiliates arises only upon the execution of a separate written agreement expressly establishing that relationship. To the extent AARO or any affiliate is or becomes registered as an investment adviser, any communications governed by applicable investment adviser marketing and advertising rules are qualified in their entirety by the disclosures required under those rules.

5. Nature of Services; Separate Entities

AARO's business includes real estate investment, hospitality management, and construction management services, conducted through separate affiliated entities. References on this Site to "AARO" collectively describe this platform and do not merge these entities or their respective rights and obligations. Services described on this Site are provided only pursuant to separate written agreements between the applicable AARO entity and the applicable client, owner, or counterparty, and the actual scope, terms, fees, and outcomes of any engagement are governed solely by those agreements and not by any description on this Site. Descriptions of prior or current properties, transactions, or engagements are provided for illustrative and informational purposes only, do not constitute a representation of typical results, and are not indicative of future performance.

6. Eligibility and Permitted Use

You must be at least 18 years of age and legally capable of entering into binding contracts to use this Site. You agree to use the Site only for lawful purposes and in accordance with these Terms, and you are responsible for compliance with all applicable laws in connection with your use.

7. Prohibited Conduct

You agree that you will not: (a) use the Site in violation of any applicable law or regulation; (b) attempt to gain unauthorized access to any portion of the Site, its servers, or any connected systems or networks; (c) introduce any virus, malware, or other harmful or disruptive code; (d) use any automated means, including bots, scrapers, or crawlers, to access, copy, harvest, or monitor any portion of the Site without our prior written consent; (e) interfere with or disrupt the operation, security, or integrity of the Site; (f) misrepresent your identity or affiliation with any person or entity; (g) use the Site to transmit unsolicited or unauthorized advertising or communications; (h) frame, mirror, or deep-link to any portion of the Site without our prior written consent; or (i) use the Site or any Content in connection with the offering, marketing, or solicitation of any competing investment product or service. We reserve the right to investigate and take appropriate action, including legal action and cooperation with authorities, against any violation.

8. Intellectual Property

All content on the Site — including text, graphics, logos, images, photographs, page layouts, design, trademarks, service marks, and the selection, coordination, and arrangement thereof (collectively, "Content") — is owned by AARO or its licensors and is protected by United States and international intellectual property laws. The "AARO" name, logo, and related marks are trademarks of AARO and may not be used without our prior written consent. We grant you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and view the Content solely for your personal, non-commercial, informational use. Any other use — including reproduction, modification, distribution, republication, public display, framing, or the creation of derivative works — is strictly prohibited without our prior written consent. All rights not expressly granted are reserved.

9. Submissions

Any personal information you submit through the Site is governed by our Privacy Policy. Except for such personal information, any other material, suggestion, idea, or communication you transmit to us through the Site will be treated as non-confidential and non-proprietary, and you grant AARO a perpetual, irrevocable, worldwide, royalty-free, fully paid-up, sublicensable right and license to use, reproduce, and otherwise exploit it for any lawful business purpose without obligation, attribution, or compensation to you. You represent and warrant that any information you submit is accurate and lawful and that you have all rights necessary to submit it.

10. Disclaimer of Warranties

THE SITE AND ALL CONTENT ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY. To the fullest extent permitted by applicable law, we disclaim all warranties, including the implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement, and any warranty that the Site will be uninterrupted, timely, secure, error-free, or free of viruses or other harmful components. We make no warranty or representation as to the accuracy, completeness, currency, or reliability of any Content, and any reliance you place on such Content is strictly at your own risk.

11. No Guarantee of Results; Assumption of Risk

All investments, including real estate and hospitality assets, are speculative, involve substantial risk, and may result in partial or total loss of capital. AARO does not warrant or guarantee the performance, profitability, or success of any investment, property, engagement, or strategy referenced on this Site. Any information derived from third-party sources is believed to be reliable but has not been independently verified by AARO, and AARO assumes no responsibility or liability for any error or omission in such information. You acknowledge and agree that you are solely responsible for your own due diligence and for any decision you make, and that you assume all risk arising from any use of, or reliance on, the Site or its Content.

12. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AARO AND ITS AFFILIATES, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, MEMBERS, MANAGERS, EMPLOYEES, AND AGENTS, SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO YOUR ACCESS TO OR USE OF, OR INABILITY TO ACCESS OR USE, THE SITE OR ANY CONTENT, WHETHER BASED IN CONTRACT, TORT, STRICT LIABILITY, OR ANY OTHER THEORY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. To the fullest extent permitted by law, the aggregate liability of AARO arising out of or relating to the Site or these Terms shall not exceed one hundred U.S. dollars ($100). Because some jurisdictions do not allow certain limitations or exclusions, portions of this Section may not apply to you, and nothing in these Terms limits any liability that cannot be limited or excluded under applicable law.

13. Release

To the fullest extent permitted by applicable law, you release AARO and its affiliates, and their respective officers, directors, members, managers, employees, and agents, from any and all claims, demands, damages, losses, and liabilities of every kind and nature, whether known or unknown, arising out of or in any way connected with your use of the Site or your reliance on any Content. This release does not apply to any liability that cannot be released or waived under applicable law.

14. Indemnification

To the fullest extent permitted by applicable law, you agree to indemnify, defend, and hold harmless AARO and its affiliates, and their respective officers, directors, members, managers, employees, and agents, from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to your misuse of the Site, your violation of these Terms, or your violation of any applicable law or the rights of any third party.

15. Third-Party Links and Content

The Site may contain links to third-party websites, including hotel brand and franchise partner sites, provided solely for your convenience. We do not control, endorse, or assume responsibility for the content, products, services, privacy practices, or availability of any third-party site. Your access to and use of any third-party site is at your own risk and subject to that site's own terms and policies.

16. Governing Law, Dispute Resolution, and Class Waiver

These Terms are governed by the laws of the State of Texas, without regard to its conflict-of-law principles. Any dispute, claim, or controversy arising out of or relating to these Terms or your access to or use of the Site shall be resolved exclusively through final and binding individual arbitration administered in Harris County, Texas, under the rules of a recognized arbitration provider, except that either party may bring an individual claim in a small-claims court of competent jurisdiction where the claim qualifies. To the fullest extent permitted by applicable law, you and AARO each agree that any claim may be brought only in an individual capacity, and not as a plaintiff or class member in any class, collective, consolidated, mass, or representative proceeding, and the arbitrator shall have no authority to arbitrate claims on a class or representative basis. To the extent permitted by law, any claim must be commenced within one (1) year after the event giving rise to it, and each party waives any right to a jury trial to the fullest extent permitted by law.

17. Reservation of Regulatory Rights

Nothing in these Terms is intended to waive, limit, or disclaim any right or remedy that cannot be waived, limited, or disclaimed under applicable federal or state securities laws, and nothing in these Terms shall be construed as a waiver of compliance with any provision of the federal securities laws or the rules and regulations thereunder. No provision of these Terms limiting liability, releasing claims, or requiring arbitration shall apply to the extent such application is prohibited by such laws.

18. Termination

We may suspend, restrict, or terminate your access to the Site at any time, with or without notice and for any reason, including any actual or suspected violation of these Terms. All provisions that by their nature should survive termination — including Sections 2 through 5 and 8 through 20 — shall survive.

19. Changes to the Site and These Terms

We may modify, suspend, or discontinue any part of the Site at any time without notice or liability. We may revise these Terms at any time in our sole discretion by posting the revised Terms with an updated "Last Updated" date, and your continued use of the Site after any revision constitutes acceptance of the revised Terms. If you do not agree to the revised Terms, your sole and exclusive remedy is to discontinue use of the Site.

20. Severability, Savings, and No Waiver

If any provision of these Terms is held to be invalid, unenforceable, or unconscionable by a court or arbitrator of competent jurisdiction, that provision shall be modified to the minimum extent necessary to render it enforceable or, if it cannot be so modified, severed from these Terms, and all remaining provisions shall continue in full force and effect. If the class-and-representative-action waiver in Section 16 is found unenforceable as to any particular claim, that claim (and only that claim) shall proceed in a court of competent jurisdiction, while all other claims remain subject to individual arbitration. Our failure to enforce any provision shall not constitute a waiver of that or any other provision.

21. Entire Agreement

These Terms, together with the Privacy Policy and any other policies expressly incorporated by reference, constitute the entire agreement between you and AARO regarding your use of the Site and supersede all prior or contemporaneous understandings or agreements, whether written or oral, relating to that subject matter.

22. Contact Us

Questions regarding these Terms may be directed to:
info@aarorealestate.com
AARO Real Estate LLC, 10050 Northwest Freeway, Suite 105, Houston, TX 77092