EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY OFFERING

QUALITY SUITES / CLARION HOTEL & CONFERENCE CENTER

§ 148 Combined Room, Interior Corridor, Dual Choice Branded, Hotel& Conference Center

§ Priced at 2.88 Times the June 2018 T-12 Combined Year-End RoomRevenues

§ Offered at a 10.9% Cap Rate with an Approximate 23% Cash-On-Cash Return

§ Excellent Location Directly off Interstate-25 with Highly VisibleCorner Lot

§ Continued Year-Over-Year RevPAR Growth in Colorado Springs

§ Ample Banquet and Conference Space that Caters to Regional andNational Groups

INVESTMENT HIGHLIGHTS

OFFERING SUMMARYPrice

Down Payment

Loan Amount

Loan Type

Interest Rate / Amortization

Number of Rooms

Price/Room

Ownership Type

Year Built

Lot Size

$8,500,000

20% / $1,700,000

$6,800,000

Proposed New

6.00% / 25 Years

148

$57,432

Fee Simple

1972

3.2 acre(s)

ASSET PERFORMANCE DATA

CURRENT YEAR 1

CAP Rate 10.87% 11.71%

Room Revenue Multiplier 2.89 2.70

Occupancy 48.00% 51.00%

ADR $112.63 $114.88

Rev PAR $54.06 $58.59

Room Revenue $2,943,098 $3,152,056

F & B Revenue $14,050 $14,900

Total Revenue $2,977,825 $3,187,841

Total Expenses $1,845,488 $1,969,410

Net Operating Income $923,890 $995,282

Net Cash Flow After Debt Service $398,140 $469,532

Total Return 30.54% / $519,183 34.74% / $590,574

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0050084 Property ID: 1400283)

EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY OFFERING

101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010

QUALITY SUITES / CLARION HOTEL & CONFERENCE CENTER

MARKET COMPETITORS

HOTEL/MOTEL ADDRESSNUMBER OF

ROOMSOPEN DATE

MILES TO SUBJECT

La Quinta Inn 7 Suites Colorado Springs Garden

4385 Sinton Rd,Colorado Springs, CO 80907

105 11/1985 4.0

Knights Inn colorado springs Central

2409 E Pikes Peak Ave,Colorado Springs, CO 80909

106 06/1965 2.5

Quality Inn South Colorado Springs

1410 Harrison Rd,Colorado Springs, CO 80905

111 10/1985 3.3

Best Western Executive Inn & Suites

1851 N Interstate 35 Frontage Rd,Colorado Springs, CO 80906

84 06/1981 5.6

Quality Inn & Suites Garden of the Gods

555 Garden Of The Gods Rd,Colorado Springs, CO 80907

124 05/1986 4.0

SUBJECT PROPERTY 2015 2016 2017 T-12 June

2018 Year 1 Year 2 Year 3 Year 4 Year 5

Occupancy 47.59% 57.66% 56.04% 48.37% 50.79% 51.81% 52.84% 53.90% 54.98%

% Change 0.00% 21.16% -2.81% -13.68% 5.00% 2.00% 2.00% 2.00% 2.00%

Average Daily Rate $84.26 $86.99 $98.82 $112.63 $114.88 $117.18 $119.52 $121.91 $124.35

% Change 0.00% 3.24% 13.60% 13.97% 2.00% 2.00% 2.00% 2.00% 2.00%

Rev PAR $40.10 $50.16 $55.38 $54.48 $58.35 $60.71 $63.16 $65.71 $68.37

% Change 0.00% 25.08% 10.41% -1.62% 0.00% 4.04% 4.04% 4.04% 4.04%

2015 2016 2017 T-12 June 2018

Year 1 Year 2 Year 3 Year 4 Year 5$0.00

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

0%

10%

20%

30%

40%

50%

60%

70%

Average Daily Rate ($) Rev PAR ($) Occupancy (%)

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0050084 Property ID: 1400283)