Staybridge Suites Colony Dallas TX...Dallas-The Colony, TX. TERMS OF SALE This Staybridge Suites -...

NITI NAIKLicensed [email protected] BRE #735690

SUBHASH NAIKMaking Deals Happen [email protected] #01717362

STAYBRIDGE SUITESDALLAS-THE COLONY | TEXAS

OFF E RIN G M EM ORANDUM

H O T E L B R O K E R S O F A M E R I C A

5280 Memorial Drive The Colony, Texas 75056

NON-ENDORSEMENT & DISCLAIMER NOTICECONFIDENTIALITY & DISCLAIMER

All materials and information received or derived from Hotel

Brokers of America (HBA) its directors, o�cers, agents,

advisors, a�liates and/or any third party sources are provided

without representation or warranty as to completeness ,

veracity, or accuracy, condition of the property, compliance

orlack of compliance with applicable governmental

requirements, developability or suitability, financial performance

of the property, projected financial performance of the property

for any party’s intended use or any and all other matters.

Neither HBA, its directors, o�cers, agents, advisors, or a�liates

makes any representation or warranty, express or implied, as to

accuracy or completeness of the any materials or information

provided, derived, or received. Materials and information from

any source,whether written or verbal, that may be furnished for

review are not a substitute for a party’s active conduct of its

own due diligence to determine these and other matters of

significance to such party. HBA will not investigate or verify any

such matters or conduct due diligence for a party unless

otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT

INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a

transaction is urged to verify all information and to conduct

their own inspections and investigations including through

appropriate third party independent professionals selected by

such party. All financial data should be verified by the party

including by obtaining and reading applicable documents and

through appropriate third party independent professionals

selected by such party. All financial data should be verified by

the party including by obtaining and reading applicable

documents and reports and consulting appropriate independent

professionals. HBA makes no warranties and/or representations

regarding the veracity, completeness, or relevance of any

financial data or assumptions. Hotel Brokers Inc does not serve

as a financial advisor to any party regarding any proposed

transaction. All data and assumptions regarding financial

performance, including that used for financial modeling

purposes, may di�er from actual data or performance. Any

estimates of market rents and/or projected rents that may be

provided to a party do not necessarily mean that rents can be

established at or increased to that level. Parties must evaluate

any applicable contractual and governmental limitations as well

as market conditions,vacancy factors and other issues in order

to determine rents from or for the property.

Legal questions should be discussed by the party with an

attorney. Tax questions should be discussed by the party with a

certified public accountant or tax attorney. Title questions

should be discussed by the party with a title o�cer or attorney.

Questions regarding the condition of the property and whether

the property complies with applicable governmental

requirements should be discussed by the party with appropriate

engineers, architects, contractors, other consultants and

governmental agencies. All properties and services are

marketed by HBA in compliance with all applicable fair housing

and equal opportunity laws.

SUBHASH NAIK | Making Deals Happen

661.978.3109 | [email protected] | CalBRE #01717362H O T E L B R O K E R S O F A M E R I C A

EXCLUSIVELY LISTED BY

.. . . . . . . . . . . . . . . . . . . . . . . . . .

America’s Hotel Brokers’ Brokerwww.HBofAmerica.com.com

STAYBRIDGE SUITESDALLAS-THE COLONY, TX

98-ROOM, INTERIOR CORRIDORS, AMENITIZED HOTELS


EXECUTIVE SUMMARY ... . . . . . . . . . . . . . . . . . . . . . . . . . 5

PROPERTY OVERVIEW . .. . . . . . . . . . . . . . . . . . . . . . . .....9

FINANCIAL OVERVIEW 17

MARKET OVERVIEW 25

.. . . . . . . . . . . . . . . . . . . . . . . .

TABLE OF CONTENTS

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NITI NAIKLicensed Broker

[email protected]

TX BRE #735690

SUBHASH NAIKMaking Deals Happen

[email protected]

CalBRE #01717362

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or

future performance of the property. For more information please contact Hotel Brokers of America.

STAYBRIDGE SUITES | DALLAS5280 Memorial Drive The Colony, Texas 75056


ACCEPTING REASONABLE OFFERS

America’s Hotel Brokers’ Broker

STAYBRIDGE SUITESDALLAS - THE COLONY

EXECUTIVE SUMMARY

Hotel Brokers of America is pleased to o�er, on an exclusive basis, the opportunity to acquire this 98-room Staybridge Suites Suites (“Property” or “Hotel”), prominently located in the Dallas-The Colony, Texas area. The Colony, City by the Lake, is one of the best kept secrets in the heart of North Texas, as it is best known for its 23 miles it has along the eastern shoreline, giving it strikingly beautiful views of Lewisvil le Lake, The lake is great for relaxing, fishing, boating and swimming and is l ined with beaches, hiking and biking trails and golf courses. Furthermore, this area has attractions such as TopGolf, Hawaiian Falls Water Park, GrandScape/Nebraska Furniture Mart. Also, less than 5 miles from the hotel are the Shops at Legacy and Legacy West in Plano, which boasts intimate boutiques, delicious restaurants, l ively bars and entertainment venues, and the indie film house, The Angelika, and DFW's MLS team, FC Dallas.

ESTIMATED PIP COST: PRICE$0

OFFERING SUMMARY

List Price:

Occupancy:

ADR:

NOI

Cap Rate:

Revenue:

$11,000,000

62.77% (Proj. 2020)

$101.48 (Proj. 2020)

$879,418 (Proj. 2020)

7.36% (Proj. 2020)

$2,325,663 (Proj. 2020)

NOI$879,418

PRICE$11,000,000

CAP RATE7.36%




AMENITIES HIGHLIGHTS

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PROPERTY DESCRIPTION

Free Wireless Internet

Complimentary breakfast

Business Center

Fitness Center

24-hour front desk

Kitchenette in Room

Laundry Facilities

Pet Friendly

Outdoor Pool

Free parking

Conference facilities

Private garden grounds

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INTEREST OFFEREDHotel Brokers of America has been selected to exclusively market for sale Staybridge Suites - Dallas-The Colony, TX.

TERMS OF SALEThis Staybridge Suites - Dallas-The Colony, TX is o�ered on an Open Bid basis. The net operating income figures for the Property assume a fiscal year starting 2020. Contact broker for historical operating documentation and any other third party reports.

PROPERTY TOURSProspective purchasers are encouraged to visit the subject properties prior to submitting o�ers. However, all property tours must be arranged with the Hotel Brokers of America l isting agents. Please do not contaAct the tenants, on-site management or sta� without prior approval property tours must be arranged with the Hotel Brokers of America l isting agents. At no time shall the tenants, on-site management or sta� be contacted without prior approval.

SUMMARY OF TERMS

EXECUTIVE SUMMARY




A U S T I N A I R P O R T

PROPERTY OVERVIEWH O T E L B R O K E R S O F A M E R I C A


PROPERTY DETAILS

PROPERTY DESCRIPTION

64,650 SF

2.41 Acres

2016

4

98

All Rooms Have Interior Hallways

62.77%

Windows Do Not Open

Yes

No

Yes | Complimentary Breakfast

Yes | Yes - Outdoor

$101.48

3-Star

The Staybridge Suites ® Hotel in The Colony, TX, is

conveniently located in the Five Star Complex District o�

Hwy 121 & The Sam Rayburn Tollway. We are an upscale

all-suite contemporary hotel that's perfect for all travelers.

If you are relocating, visiting for leisure or business then

we are the perfect hotel choice. Close by are major North

Dallas Corporations such as: Toyota, JP Morgan Chase,

FedEx, JC Penney, PepsiCo, Oracle and Ericsson.

Vacationers, this all-suite hotel is within 5 minutes of the

Largest Store in Texas – The Nebraska Furniture Mart.

Building SF:

Lot Size :

Year Built:

Floors:

Rooms:

Corridors:

Occupancy:

Room Windows:

Suites:

Meeting Rooms:

Dining Facilities:

Fitness Center/Pool:

Average Daily Rate:

Star Class Rating




COMPETITOR CLOSEUP MAP




MARKET OVERVIEW MAP America’s Hotel Brokers’ Broker

161

ParkdaleLake

Lake RayHubbard

GrapevineLake

DallasExecutive

Airport

DA

LLA

S N

ORT

H (T

OLL

WA

Y)

121

289

78

289

78

635

35E

BEDFORD

GRAPEVINE

SOUTHLAKE

IRVING

COPPELL

RICHARDSON

FRISCO

DALLAS

DUNCANVILLE

HURST

ARLINGTON

GRAND PRAIRIE

GARLAND

ADDISON

CARROLLTON

NORTHRICHLAND HILLS

COLLEYVILLE

LEWISVILLE

EULESS

American AirlinesC.R. Smith Museum

Curtis CulwellCenter

CavanaughFlight Museum

GrapevineMills

AddisonAirport

Dallas/Fort WorthInternational

Airport

DallasChildren’sTheater

Bath HouseCultural Center

DallasArboretum

MesquiteRodeo

Dallas MarketCenter

DallasZoo

DeepEllum

ToyotaStadium

Frontiers ofFlight Museum

Infomart

Lone StarPark

Louis Tussaud’sPalace of Wax &

Ripley’s Believe It or Not!

MeadowsMuseum

SEA LIFEAquarium

LEGOLAND®Discovery Center

SouthforkRanch

TradersVillage

Verizon Theatreat Grand Prairie

FairPark

HighlandPark Village

The Galleria

Knox-Henderson

Lake & Garden District

InwoodOutlet Center

Irving Mall MockingbirdStation

NorthParkCenter

StonebriarCentre Mall

VistaRidge Mall

BUSHTURNPIKE

GALATYNPARK

ARAPAHOCENTER

SPRINGVALLEY

LBJ/CENTRAL

FOREST LANE

WALNUT HILL

PARK LANE

LOVERSLANE

MOCKINGBIRD

CITYPLACE/UPTOWN

MEDICAL/MARKETCENTER

HURST/BELL

CENTREPORT/DFW AIRPORT

WESTIRVING

DOWNTOWN IRVING/HERITAGE CROSSING

NORTHCARROLLTON/FRANKFORD

TRINITY MILLS

DOWNTOWNCARROLLTON

BELT LINE

NORTH LAKECOLLEGE

IRVINGCONVENTION CENTER

FARMERSBRANCH

ROYAL LANE

WALNUT HILL/DENTON

BACHMAN

BURBANK

DEEP ELLUM

HATCHER LAWNVIEW

HAMPTONTYLER/VERNON

DALLAS ZOOMORRELL

ILLINOIS

KIEST

VA MEDICALCENTER

LEDBETTER

CEDARS

WHITE ROCK

LAKEHIGHLANDS

LBJ/SKILLMAN

FOREST/JUPITER

DOWNTOWNGARLAND

DOWNTOWNROWLETT

Bishop Arts District

Greenville Avenue

DesignDistrict

The Cedars

White Rock Lake

Lavon Lake

MacysGalleriaDallas

BachmanLake

GeorgeW. Bush

PresidentialCenter

SOUTHWESTERNMEDICAL DISTRICT

MARKETCENTER

PRESIDENT GEORGE BUSH TURNPIKE

North Lake

114

97

114

26

183

161

180

12

360

360

40867

10

LAS COLINASURBAN CENTER

121

35E

35E

3030

2020

30

635

635

VilbigLakes

MountainCreekLake

INWOOD/LOVE FIELD

UNIVERSITYOF DALLAS

Grand PrairiePremium Outlets

CommemorativeAir Force

75

75

80

WESTMORELAND

GFED

BAYLOR UNIVERSITYMEDICAL CENTER

AREA OF DETAIL

Cedar RidgePreserve

Freedman’sCemeteryMemorial

DOWNTOWN

Six FlagsHurricane Harbor

Six FlagsOver TexasAT&T Stadium

Globe Life Park

Dallas LoveField Airport

MARKET OVERVIEW MAP America’s Hotel Brokers’ Broker

AERIAL IMAGE




PROPERTY PHOTOS





FINANCIAL OVERVIEWH O T E L B R O K E R S O F A M E R I C A


DEAL ANALYZERH O T E L B R O K E R S O F A M E R I C A

ACTUAL PROJECTED PROJECTED

Based on P&L T-12 May 2020 2021 2022

Hotel Sale Price 11,000,000 11,000,000 11,000,000 - - - Total Selling Price 11,000,000 11,000,000 11,000,000 Estimated Renovation (PIP) - - - Total Project Cost 11,000,000 11,000,000 11,000,000

Number of Rooms 98 98 98

Occupancy 60.94% 62.77% 64.65%

ADR 98.53$ 101.48$ 104.53$ RevPAR 60.04$ 63.70$ 67.58$ Room Revenue 2,147,730$ 2,278,527$ 2,417,289$ Food & Beverage -$ -$ -$ Meeting Room Revenue -$ -$ -$ Other Revenue 45,888$ 47,136$ 48,550$ Total Revenue 2,193,618$ 2,325,663$ 2,465,839$

Net Operating Income 829,488 879,418 932,424 3% Management 65,809 69,770 73,975 4% FF&E Reserves - - -

ADJUSTED NOI $$ 763,679 809,648 858,449 NOI % Before MGMT and Reserves 37.81% 37.81% 37.81%NOI% After MGMT and Reserves 34.81% 34.81% 34.81%

KEY RATIOSRevenue Per Room 21,916$ 23,250$ 24,666$ Cap Rate After PIP 6.94% 7.36% 7.80%Room Gross Multiplier After PIP 5.01 4.73 4.46 Price per Room AFTER PIP 112,245$ 112,245$ 112,245$

FINANCIAL ANALYSIS

Total Project Cost 11,000,000$ 11,000,000$ 11,000,000$ Down Payment % 20.00% 20.00% 20.00%Cash Down Payment (Estimate) 2,200,000$ 2,200,000$ 2,200,000$ SELLER LOAN(2nd) If Approved 0$ 0$ 0$

Total Down + Secondary Financing 2,200,000$ 2,200,000$ 2,200,000$

SBA LOAN 8,800,000$ 8,800,000$ 8,800,000$ 80.00% 80.00% 80.00%

NOI% After MGMT and Reserves 763,679 809,648 858,449

1st Loan Payment 648,476$ 648,476$ 648,476$ 2nd loan from Seller 0$ 0$ 0$ Total Mortgage Payment 648,476$ 648,476$ 648,476$

Profit After Mortgage (Debt) 115,203$ 161,172$ 209,973$ Cash On Cash Return 5.24% 7.33% 9.54%Principle Reduction Annual (Estimate) 168,687$ 161,019$ 153,351$ Total Annual Profit 283,889$ 322,191$ 363,324$

NET Cash on Cash Return 12.9% 14.6% 16.5%Debt coverage Ratio BANK 1.18 1.25 1.32

HISTORICAL P&L | 1 YEAR H O T E L B R O K E R S O F A M E R I C A

98 Room Staybridge Suites The Colony, TX PROJECTED FORWARD 12 MONTH RECONSTRUCTED PROFIT & LOSS

Comp Set Occupancy 2018 74.6 77.8 76.5 69.9 64.2 76.3 70.2 55.9 68.2 80.5 37.6 15.5 63.90%Comp Set ADR 2018 119.50 119.21 122.42 117.07 119.48 115.38 112.83 107.49 123.07 119.96 116.76 95.85 117.37$ Days in Month 30 31 31 30 31 30 31 31 29 31 30 31 366

TRAILING 12 MONTHS Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May TOTAL

Occupancy 64.05% 69.75% 53.79% 69.52% 70.41% 56.09% 42.07% 64.22% 74.45% 64.02% 51.53% 52.17% 60.94%Average Room Rate 107.90 104.70 105.62 98.25 99.63 99.81 98.66 99.72 98.12 97.24 89.58 78.47 98.53$

Rev Par 69.11 73.03 56.81 68.31 70.14 55.98 41.50 64.04 73.06 62.25 46.16 40.94 60.04

Departmental Revenues

Rooms 203,183 221,854 172,586 200,826 213,100 164,592 126,084 194,544 207,626 189,128 135,708 124,382 2,153,614 97.91%Food & Beverage - - - - - - - - - - - - - 0.00%Banquet & Meeting - - - - - - - - - - - - - 0.00%Other Income 3,953 4,449 3,430 4,291 4,491 3,462 2,683 4,096 4,442 4,083 3,181 3,328 45,888 2.09%Total Revenues 207,136 226,302 176,016 205,117 217,591 168,054 128,767 198,640 212,068 193,212 138,889 127,710 2,199,503 100.00%

Departmental Expenses

Room Division Expenses 46,426 50,722 39,451 45,973 48,769 37,666 28,861 44,522 47,531 43,305 31,130 28,624 492,981 22.41%Food & Bev Cost 9,619 10,509 8,174 9,525 10,104 7,804 5,980 9,224 9,848 8,972 6,450 5,930 102,139 4.64%Other Operated Departments - - - - - - - - - - - - - 0.00%Total Department Exp. 56,045 61,231 47,625 55,499 58,874 45,470 34,841 53,746 57,379 52,277 37,579 34,554 595,119 27.06%

Departmental Profit 151,091 165,072 128,391 149,619 158,717 122,584 93,927 144,894 154,689 140,934 101,310 93,155 1,604,384 72.94%

Undistributed Operating Expenses

Administrative & General 12,264 13,399 10,421 12,144 12,883 9,950 7,624 11,761 12,556 11,439 8,223 7,561 130,226 5.92%Information & Telecommunication 1,144 1,250 973 1,133 1,202 929 711 1,098 1,172 1,068 767 706 12,152 0.55%Marketing Costs 8,335 9,107 7,083 8,254 8,756 6,763 5,182 7,994 8,534 7,775 5,589 5,139 88,511 4.02%Franchise Fees 23,870 26,079 20,284 23,637 25,075 19,366 14,839 22,891 24,438 22,265 16,005 14,717 253,467 11.52%Utilities /Energy Costs 9,507 10,387 8,079 9,415 9,987 7,714 5,910 9,117 9,734 8,868 6,375 5,862 100,955 4.59%Maintenance & Operations 2,176 2,378 1,849 2,155 2,286 1,766 1,353 2,087 2,228 2,030 1,459 1,342 23,109 1.05%Total Undistrib. Expenses 57,297 62,599 48,689 56,739 60,189 46,487 35,619 54,947 58,662 53,446 38,419 35,327 608,421 27.66%

Management Fees - - - - - - - - - - - - - 0.00%FF&E Reserves - - - - - - - - - - - - - 0.00%Total Management & Reserves - - - - - - - - - - - - - 0.00%

Fixed Expenses

Insurance 4,160 4,545 3,535 4,119 4,370 3,375 2,586 3,989 4,259 3,880 2,789 2,565 44,170 2.01%Real Estate Taxes 11,308 12,355 9,609 11,198 11,879 9,175 7,030 10,845 11,578 10,548 7,583 6,972 120,080 5.46%

Total Fixed Expenses 15,468 16,899 13,144 15,317 16,249 12,550 9,616 14,834 15,836 14,428 10,372 9,537 164,250 7.47%

Total Expenses 128,810 140,729 109,458 127,555 135,312 104,507 80,076 123,527 131,878 120,151 86,370 79,418 1,367,790 62.19%

Net Operating Profit 78,326 85,573 66,558 77,562 82,279 63,547 48,692 75,113 80,191 73,060 52,519 48,292 831,713 37.81%

Mortgage Payments (Est) 1st 54,040 54,040 54,040 54,040 54,040 54,040 54,040 54,040 54,040 54,040 54,040 54,040 648,476 29.48%Mortgage Payment SBA 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00%

Net Income 24,286 31,533 12,518 23,523 28,239 9,508 (5,348) 21,073 26,151 19,021 (1,521) (5,748) 183,236 8.33%Debt Coverage Ratio After Mortgage 1.28

HISTORICAL P&L | 5 YEARSH O T E L B R O K E R S O F A M E R I C A

98 Room Staybridge Suites The Colony, TX 4 YEAR PROFIT / LOSS BUDGET 2019 to 2022

1st. Year 3.0% Inc Occ 3.0% Inc Occ 1.0% Inc Occ 1.0% Inc Occ3.0% Inc ADR 3.0% Inc ADR 2.0% Inc ADR 2.0% Inc ADR

T-12 May 2020

Gross Ratios

Per Avail Room

2021Gross Ratios

Per Avail Room

#REF!Gross Ratios

Per Avail Room

2022Gross Ratios

Per Avail Room

2023Gross Ratios

Per Avail Room

Occupancy 60.94% 62.77% 64.65% 65.30% 65.95%Average Room Rate $98.53 $101.48 $104.53 $106.62 $108.75

Rev Par 60.04 63.70 67.58 69.62 71.72

Departmental Revenues

Rooms 2,153,614 97.91% 21,976 2,278,527 97.97% 23,250 2,417,289 98.03% 24,666 2,490,291 98.07% 25,411 2,565,498 98.11% 26,179 Food & Beverage - 0.00% - - 0.00% - - 0.00% - - 0.00% - - 0.00% - Banquet & Meeting - 0.00% - - 0.00% - - 0.00% - - 0.00% - - 0.00% - Other Income 45,888 2.09% 468 47,136 2.09% 481 48,550 2.09% 495 49,035 2.09% 500 49,526 2.09% 505 Total Revenues 2,199,503 100.00% 22,444 2,325,663 100.00% 23,731 2,465,839 100.00% 25,162 2,539,327 100.00% 25,911 2,615,024 100.00% 26,684

Departmental Expenses

Room Division Expenses 492,981 22.41% 5,030 510,692 22.41% 5,211 541,794 22.41% 5,529 558,156 22.41% 5,695 575,012 22.41% 5,867 Food & Bev Cost 102,139 4.64% 1,042 107,997 4.64% 1,102 114,506 4.64% 1,168 117,919 4.64% 1,203 121,434 4.64% 1,239 Other Operated Departments - 0.00% - - 0.00% - - 0.00% - - 0.00% - - 0.00% - Total Department Exp. 595,119 27.06% 6,073 618,690 27.06% 6,313 656,300 27.06% 6,697 676,075 27.06% 6,899 696,446 27.06% 7,107

Departmental Profit 1,604,384 72.94% 16,371 1,706,973 72.94% 17,418 1,809,539 72.94% 18,465 1,863,252 72.94% 19,013 1,918,578 72.94% 19,577

Undistributed Operating Expenses

Administrative & General 130,226 5.92% 1,329 137,695 5.92% 1,405 145,995 5.92% 1,490 150,346 5.92% 1,534 154,828 5.92% 1,580 Information & Telecommunication 12,152 0.55% 124 12,850 0.55% 131 13,624 0.55% 139 14,030 0.55% 143 14,448 0.55% 147 Marketing Costs 88,511 4.02% 903 93,588 4.02% 955 99,229 4.02% 1,013 102,186 4.02% 1,043 105,232 4.02% 1,074 Franchise Fees 253,467 11.52% 2,586 268,006 11.52% 2,735 284,159 11.52% 2,900 292,628 11.52% 2,986 301,351 11.52% 3,075 Utilities /Energy Costs 100,955 4.59% 1,030 106,746 4.59% 1,089 113,180 4.59% 1,155 116,553 4.59% 1,189 120,028 4.59% 1,225 Maintenance & Operations 23,109 1.05% 236 24,434 1.05% 249 25,907 1.05% 264 26,679 1.05% 272 27,475 1.05% 280 Total Undistrib. Expenses 608,421 27.66% 6,208 643,319 27.66% 6,564 682,094 27.66% 6,960 702,422 27.66% 7,168 723,361 27.66% 7,381

Management Fees - 0.00% - - 0.00% - - 0.00% - - 0.00% - - 0.00% - FF&E Reserves - 0.00% - - 0.00% - - 0.00% - - 0.00% - - 0.00% - Total Management & Reserves - 0.00% - - 0.00% - - 0.00% - - 0.00% - - 0.00% -

Fixed Expenses

Insurance 44,170 2.01% 451 46,704 2.01% 477 49,519 2.01% 505 50,995 2.01% 520 52,515 2.01% 536 Real Estate Taxes 120,080 5.46% 1,225 126,968 5.46% 1,296 134,620 5.46% 1,374 138,632 5.46% 1,415 142,765 5.46% 1,457

Total Fixed Expenses 164,250 7.47% 1,676 173,671 7.47% 1,772 184,139 7.47% 1,879 189,627 7.47% 1,935 195,280 7.47% 1,993

Total Expenses 1,367,790 62.19% 13,957 1,435,680 62.19% 14,650 1,522,533 62.19% 15,536 1,568,124 62.19% 16,001 1,615,087 62.19% 16,480

Net Operating Profit 831,713 37.81% 8,487 889,983 37.81% 9,081 943,306 37.81% 9,626 971,203 37.81% 9,910 999,937 37.81% 10,203

Mortgage Payments (Est) 1st 648,476 29.48% 6,617 648,476 29.48% 6,617 648,476 29.48% 6,617 648,476 29.48% 6,617 648,476 29.48% 6,617 Mortgage Payment SBA 0 0.00% 0 0 0.00% 0 0 0.00% 0 0 0.00% 0 0 0.00% 0

Net Income 183,236 8.33% 1,870 241,507 8.33% 2,464 294,829 8.33% 3,008 322,727 8.33% 3,293 351,460 8.33% 3,586 Debt Coverage Ratio After Mortgage 1.28 1.37 1.45 1.50 1.54

SELLER’S P & LH O T E L B R O K E R S O F A M E R I C A

Line item Dept. Description T-12 APR 2020 Adjustments /

Add Backs Adjusted Amount % of Revenue Comments

INCOME Room Revenue Other Revenue

Room Revenue 2,226,079.00$ 2,226,079 97.82%Other Revenue 49,635.09$ 49,635 2.18%Total Revenue 2,275,714.09$ - 2,275,714 100.00%

EXPENSE

P&L Line item P&L Expenses Add Backs Adjusted Expenses % of Revenue Reason

Payroll Payroll 419,949.50$ 419,950 18.45%

Payroll Payroll Officer 35,446.28$ 35,446 - 0.00% Owner's Drawback

Payroll Taxes Payroll Taxes 36,933.17$ 36,933 1.62%

Payroll Payroll Processing 4,289.74$ 4,290 0.19%

Payroll Health Inn Benefits 20,518.51$ 12,764 7,754 0.34% Owner's Insurance

Laundry Supplies Laundry Supplies 3,011.74$ 3,012 0.13%

Laundry Supplies Rooms Expense 38,123.50$ 38,124 1.68%

FOOD & BEV Food and Beverage 105,677.60$ 105,678 4.64%

TOTAL ROOMS DIVISION EXP 663,950.04$ 48,210.43$ 615,739.61$ 27.06%

Admin Bad Debt / Charge backs 9,500.08$ 9,500 - 0.00% Mismanaged Revenue Collection

Admin Legal and Accounting 29,943.06$ 23,899 6,045 0.27% Legal

AdminUniforms 1,673.53$

1,674 0.07%MISC CREDIT (3,398.13)$

(3,398) -0.15%

AdminBank Charges 35.00$

35 0.00%

AdminOwner Vehicle 13,554.57$

13,555 - 0.00% Owner's Vehicle

AdminCustomer Appreciation 50.00$

50 0.00%

AdminEmployee Appreciation 2,731.75$

2,732 - 0.00%

AdminShuttle 29,066.28$

29,066.28$ - 0.00% Shuttle Not Required

AdminCredit Card Terminal Fees 62,552.40$

62,552 2.75%

AdminMemberships 450.00$

450 0.02%

AdminContract Labor 72,707.44$

22,707 50,000 2.20% Shared GM

AdminRecruiting Expense 263.57$

264 0.01%

AdminLicense, Dues, Fees 2,375.00$

2,375 0.10%

AdminOffice Supplies 8,339.18$

8,339 0.37%

AdminTraining 4,620.00$

4,620 0.20%

AdminNewspaper 1,732.55$

1,733 0.08%

TOTAL ADMIN 236,196.28$ 101,458.24$ 134,738.04$ 5.92%

Info & Tel Internet 8,512.44$ 8,512 0.37%

Info & Tel Telephone 4,061.09$ 4,061 0.18%

TOTAL INFO & TELE 12,573.53$ -$ 12,573.53$ 0.55%

Marketing Commissions 63,317.73$ 63,318 2.78%

Marketing Sales Expense 20,226.31$ 20,226 0.89%

Marketing Advertising 863.92$ 864 0.04%

Marketing Agent Commission 7,169.75$ 7,170 0.32%

TOTAL MARKETING 91,577.71$ -$ 91,577.71$ 4.02%

Franchise 2.5% Combo Fee 55,918.24$ 55,918 2.46%

Franchise Booking Fee 902.14$ 902 0.04%

Franchise MISC 1,444.84$ 1,445 0.06%

Franchise IHG Franchise Expense 96,957.95$ 96,958 4.26%

Franchise Royalty 107,026.43$ 107,026 4.70%

FRANCHISE 262,249.60$ -$ 262,249.60$ 11.52%

Utilities Television/Cable Expense 23,347.24$ 23,347 1.03%

Utilities Natural Gas 5,083.91$ 5,084 0.22%

Utilities Electric 40,121.09$ 40,121 1.76%

Utilities Water 31,734.88$ 31,735 1.39%

Utilities Sewer 4,166.42$ 4,166 0.18%

TOTAL UTILITIES 104,453.54$ -$ 104,453.54$ 4.59%

Maint & Operations Repairs and Maintenance 4,638.78$ 4,639 0.20%

Maint & Operations Landscaping 7,930.00$ 7,930 0.35%

Maint & Operations Elevator Expense 4,025.32$ 4,025 0.18%

Maint & Operations Fire Monitoring 720.00$ 720 0.03%

Maint & Operations Pest Control 2,750.52$ 2,751 0.12%

Maint & Operations Pool 3,845.05$ 3,845 0.17%

TOTAL MAINT & OPERATIONS 23,909.67$ -$ 23,909.67$ 1.05%

MANAGEMENT FEES 47,965.78$ 47,965.78$ - 0.00% ADD BACK to Normalize to 3 %

FF&E RESERVES - 0.00%

INSURANCE Insurance General 60,700.82$ 15,000 45,701 2.01% Excessive Insurance

PROPERTY TAXES 124,240.63$ 124,241 5.46%

Mortgage - - 0.00% Normal Add Back

Interest - - 0.00% Normal Add Back

Dep-Building - - 0.00% Normal Add Back

Depreciation - - 0.00% Normal Add Back

Amortization - - 0.00% Normal Add Back

TOTAL MORTGAGE & DEPRECIATION -$ -$ -$ 0.00%

-

Total Expenses 1,627,817.60$ 212,634.45$ 1,415,183.15$ 62.19%

Net Operating Income 647,896.49$ (212,634.45)$ 860,530.94$ 37.81%

STR REPORTH O T E L B R O K E R S O F A M E R I C A


MARKET OVERVIEWH O T E L B R O K E R S O F A M E R I C A


DALLAS, TEXASAREA OVERVIEW

MARKET OVERVIEW

The Dallas metro division has the sixth-largest population in the U.S. with 4.9 million people. Dallas has developed a strong industrial and financial sector, as well as becoming a major inland port, due largely to the presence of Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world. The city is home to University of Texas Southwestern Medical School, Texas Woman's University, University of North Texas at Dallas, Paul Quinn College as well as a number of religious a�liated and community colleges. The most notable event held in Dallas is the State Fair of Texas, which has been held each year at Fair Park since 1886, bringing an estimated $350 million to the city's economy annually. The Red River Shootout, which pits the football teams of University of Texas at Austin and University of Oklahoma against one another at the Cotton Bowl, also brings significant crowds to the city.

Dallas is a cosmopolitan city known for its high concentration of restaurants and shopping centres. Skyscrapers, such as Bank of America Plaza (1985) and Reunion Tower (1978), create a striking night skyline. The population density is unusually low for a major metropolitan area, reflecting the predominance of single-family homes (about two-thirds of all dwelling units). The city is ethnically diverse, with less than half its population being of European descent. About one-fourth of the residents are African American, and more than one-third are Hispanic. Dallas became well-known in popular culture as the setting for the eponymous television drama series (originally broadcast 1978–91); the ranch where the show was filmed is now a tourist attraction and convention centre.




MAJOR AREA EMPLOYERS

ECONOMY

MARKET OVERVIEW

Dallas’s modern economy is well diversified. A top global wholesale market, the city is the home of the Dallas Market Center, one of the world’s largest wholesale merchandise complexes. In addition, it is the world headquarters of the U.S. Army and Air Force Exchange Service, which provides goods and services to military personnel. Wholesale and retail trade combine with services (particularly business, financial, and health) to form the backbone of the economy. Dallas is the leading banking, financial, and trade centre for the Southwest, and some 6,000 companies have their corporate headquarters there. The city is also a busy convention centre and a hub of airline services. It is a well-known medical centre; the headquarters of the American Heart Association is there, as are the Texas A&M College of Dentistry and the University of Texas Southwestern Medical Center at Dallas.

Dallas has one of the country’s largest concentrations of telecommunications and high-technology manufacturing and services companies. The top technology fields include software production, computer services, and manufacturing of computer hardware, semiconductors, and wireless communication equipment. Food processing, publishing, printing, and advertising are also important. Clothing manufacture is less significant than in the past, but the city is still known as a regional fashion and women’s apparel centre.


AMR Corporation (American Airlines)

Bank of America Corp.

Texas Health Resources Inc.

Dallas ISD

Baylor Health Care System

AT&T

Lockheed Martin Aeronautics Co.

JP Morgan Chase & Co.

UT-Southwestern Medical Center

City of Dallas

HCA North Texas

24,700 EMPLOYEES

20,000 EMPLOYEES

19,230 EMPLOYEES

18,314 EMPLOYEES

17,097 EMPLOYEES

15,800 EMPLOYEES

14,126 EMPLOYEES

13,500 EMPLOYEES

13,122 EMPLOYEES

12,836 EMPLOYEES

12,000 EMPLOYEES



PROXIMITY TO:

PROXIMITY MAP



IRVING, TX

DALLAS, TX

FORT WORTH, TX

WACO, TX

OKLAHOMA CITY, OK

SHREVEPORT, LA

AUSTIN, TX

HOUSTON , TX

SAN ANTONIO, TX

20.4 MILES

21.7 MILES

32.1 MILES

115 MILES

184 MILES

165 MILES

222 MILES

263 MILES

294 MILES


DEMOGRAPHICS OVERVIEW




HOTEL BROKERS INC. RECENT SALES

HotelComfort SuitesRamadaCandlewood SuitesCountry InnHampton InnHampton Inn Best Westen Hampton InnHoliday Inn ExpressComfort SuitesCountry Inn & SuitesHampton InnQuality InnBest Western PLUSComfort InnRodeway InnCountry Inn & SuitesTowne Place By MarriottHoliday Inn ExpressComfort SuitesBest Western PLUSBaymontClarion InnHilton Garden InnHamptonHamptonCandlewoodHamptonBest WesternHI ExpressSuper 8HamptonHamptonLa QuintaHamptonHampton

Price $6,400,000$5,000,000$4,650,000$8,350,000$8,600,000 $7,700,000 $2,862,200 $11,250,000 $4,400,000 $6,400,000 $8,150,000 $9,800,000 $8,800,000 $9,900,000 $6,400,000 $2,150,000 $8,800,000 $8,550,000 $5,750,000 $5,650,000 $6,400,000 $6,500,000 $4,100,000 $11,000,000 $9,000,000 $7,500,000 $8,750,000 $7,150,000 $6,350,000 $8,700,000 $4,600,000 $8,900,000 $9,990,000 $9,300,000 $7,500,000 $6,650,000

Per Key $52,083$68,085$58,861$75,909$107,500 $97,468 $68,148 $142,405 $73,333 $116,364 $101,875 $124,051 $58,667 $99,000 $85,333 $36,441 $80,000 $106,875 $82,143 $73,377 $95,522 $85,526 $40,594 $78,571 $104,651 $104,167 $105,422 $102,143 $67,553 $127,941 $115,000 $134,848 $136,849 $140,909 $107,143 $100,758

CitySan AntonioHoustonO’FallonDallasTehachipi Nacogdoches PostMc KinneyDecatur Bakersfield[DFW] IrvingKyleIrvingOrlandoOverland parkGatesvilleDallasFort- WorthWaxahachieWarner RobinsOlatheDallasPuebloShreveportNatchezHuttoOdessaPearsallYucca ValleyKennedyKarnes CityPleasantonCotullaPearsallBeevilleCenter

MSASan AntonioHoustonSt. LouisDallasBakersfield HoustonLubbockDallasDallas BakersfieldDallasAustinDallasOrlandoKansas CityWacoDallasDallasDallasAtlantaKansas CityDallasColorado SpringsShreveportNatchezAustinOdessaSan AntonioPalm SpringsSan AntonioSan AntonioSan AntonioSan AntonioSan AntonioSan AntonioHouston

StateTXTXILTXCA TX TXTXTX CATXTXTXFLKSTXTXTXTXGAKSTXCOLAMSTXTXTXCATXTXTXTXTXTXTX

StatusIn EscrowIn EscrowSoldSoldSoldSoldSoldSoldSoldSold SoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSoldSold

AVERAGE PRICE PER KEY HAMPTON & HI EXPRESS : $119,873AVERAGE PRICE PER KEY ALL DEALS : $95,472



HOTELS WANTED FOR READY TO GO 1031 EXCHANGE BUYERS HIGH PRICE PER KEY SALES

MAXIMUM 90 DAY LISTINGS | COMPLIMENTARY VALUATION OF YOUR HOTEL |

OUR BROKER FEES ARE BEST IN THE BUSINESS | FULL MARKETING OR CONFIDENTIAL LISTING |

NATIONAL REPRESENTATION TO 20,000 BUYERS | PROFESSIONAL MARKETING AND

PACKAGES | WE COOPERATE WITH ALL BROKERS FOR MAXIMUM EXPOSURE

MAKING DEALS HAPPEN!

THINKING OF SELLING?





TEXAS ADDENDUM

www.HBofAmerica.com

“America’s Hotel Brokers’ Broker”

SUBHASH NAIKMaking Deals Happen

[email protected]

CalBRE #01717362


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