As the exclusive agent, Nordlund Associates, Inc. is pleased to present:

Beach StreetRockport, MA

Commercial Real Estate Advisory Services

NORDLUND ASSOCIATES

Opportunity to acquire rare assemblage of two renovated hospitality properties on the water in beautiful downtown Rockport. This 42 room, three building complex is situated on Front Beach in Rockport, with 44 parking spaces. Successful hospitality operation for over six years provides a unique opportunity to acquire turnkey operation and benefit from recent capital improvements.

Danvers, Massachusetts 01923

www.NordlundAssociates.com

199 Rosewood Drive, Suite 150 Fax 978-762-0505

Oceanfront Hospitality Property For Sale

Kevin Olsonkolson@nordlundassociates.com978-762-0500 x 103

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For more information in regards to this project contact Nordlund Associates Inc.

Commercial Real Estate Advisory Services

NORDLUND ASSOCIATES

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is the responsibility of all parties interested to independently confirm its accuracy and completeness. All parties may solicit their own advisor (s) to conduct a careful, independent investigation of the property to determine to your satisfaction the suitability .the property for your needs.

Captains Bounty on the Beach

7 month Season

25 rooms, 24 parking spaces

Total revenue 2019 975,676$

Expenses:Payroll 121,000$ RE Tax 15,500$ Insurance 18,500$ Utilities 15,800$ Repairs 15,000$ Advertising 4,000$ Credit Card Fees 24,392$ Tourism Tax (11.7%) 114,154$

OpEx 328,346$

NOI 647,330$

Captains Bounty BeachviewYear Around optional

17 rooms, 20 parking spots

Projected revenue 609,797$

Projected Expenses:Payroll 40,000$ RE Tax 10,000$ Insurance 7,800$ Utilities 11,800$ Advertising 3,000$ Credit Card Fees 13,720$ Projected mgmt fee 18,294$ Tourism Tax (11.7%) 71,346$

OpEx 175,961$ NOI 433,836$

1,585,473$ 504,307$

1,081,166$

Gross Revenue Operating Expenses

Net Operating Income

For Speculative Purposes Only,The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is the responsibility of all parties interested to independently confirm its accuracy and. All parties may solicit their own advisor (s) to conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

On Beach Beachview2019 revenue Projected 16 rms Per day (30 day month) Occupancy rate per 30 days ADR

April 38,209$ 23,881$ 1,273.63$ 16.9% 50.95$ May 88,215$ 55,134$ 2,940.50$ 39.1% 117.62$ June 125,344$ 78,340$ 4,178.13$ 55.6% 167.13$ July 225,628$ 141,018$ 7,520.93$ 100.0% 300.84$ August 218,966$ 136,854$ 7,298.87$ 97.0% 291.95$ September 129,714$ 81,071$ 4,323.80$ 57.5% 172.95$ October 149,600$ 93,500$ 4,986.67$ 66.3% 199.47$

total revenue 975,676$ 609,797.50$ 185.84$

On Beach2018 revenue

April 35,054$ May 83,961$ June 120,869$ July 211,850$ August 209,786$ September 127,203$ October 104,279$

total revenue 893,002$ *prior capt. Quarters reno

Capt Bounty On Ocean (2019)

For Speculative Purposes Only,The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is the responsibility of all parties interested to independently confirm its accuracy and. All parties may solicit their own advisor (s) to conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

e

For more information in regards to this project contact Nordlund Associates Inc.

Commercial Real Estate Advisory Services

NORDLUND ASSOCIATESFor Speculative Purposes Only,The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is the responsibility of all parties interested to independently confirm its accuracy and. All parties may solicit their own advisor (s) to conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

www.NordlundAssociates.com 199 Rosewood Drive, Suite 150 • Danvers Massachusetts 01923 e

Kevin Olsonkolson@nordlundassociates.com 978-762-0500 x 103

Chris Everestceverest@nordlundassociates.com 978-762-0500 x 100

For more information in regards to this project contact Nordlund Associates Inc.

Commercial Real Estate Advisory Services

NORDLUND ASSOCIATES