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El Paso Tx Downtown Hotel Redevelopment 2167 Executive Summary

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El Paso Tx Downtown Hotel Redevelopment 2167 Executive Summary www.mumfordcompany.com atlanta: 770.831.5878 chicago: 224.654.6480 dallas: 469.644.0779 newport news: 757.873.0962 washington d.c.: 703.479.7894 INTERNATIONAL Summary of Facilities BUILDING OVERVIEW BUILDING • 9 Stories • ±83,000 Square Feet • Interior Corridors DOWNTOWN HOTEL • Flat, Built-Up Roof REDEVELOPMENT • FLOORS El Paso, Texas Full Basement Levels 1 & 2 ±87’ x 120’ Levels 3 through 8 ±9.650 Square Feet Per Floor Level 9 2,600 Sq. Ft. Penthouse CEILING HEIGHTS Ranges from 10’10” to 14’ YEAR BUILT Early 19th Century ADDRESS 119 North Stanton Street & 222 Texas Avenue El Paso, Texas 79901 El Paso County ACREAGE ±0.2388 Acres ZONING C-5 Central Business District (Hotels & Parking Facilities Permitted) POSSIBLE BRANDS FOR CONVERSION Choices listed in Offering Memorandum. PRICE $3,000,000 Confidential Offering Downtown Hotel Redevelopment Do not contact hotel directly El Paso, Texas The material included in this report is based on information available at the time of publication. Neither Mumford Company nor the owners are making representations or warranties concerning its accuracy, and all investors should rely on their own projections as to possible financial goals. The financial statements provided are subject to errors, omissions and changes which are or may be unknown to Mumford Company. All information is provided subject to prior sale or withdrawal without notice. www.mumfordcompany.com atlanta: 770.831.5878 chicago: 224.654.6480 dallas: 469.644.0779 newport news: 757.873.0962 washington d.c.: 703.479.7894 deal features: • Prime real estate location in thriving Downtown El Paso, Texas • Currently generating income from retail tenants on the ground floor • Possible historical tax incentives from city and state • Multiple hotel brands available for conversion • Essentially blank slate for iconic redevelopment • Great walkability factor to restaurants, entertainment and retailers within Downtown El Paso location highlights: san jacinto plaza from roof • The El Paso Borderplex serves a market of more than 2.5 million people in west Texas, southern New Mexico, and northern Mexico. • Fort Bliss is the largest military training complex in the United States. • Over 20 million people cross into El Paso annually, and 85% quote shopping/dining as their primary reason for visiting El Paso. • Close to Regional Demand Generators: o 0.2 Miles to Plaza Theatre o 0.5 Miles to Southwest University Park o 0.5 Miles to El Paso Holocaust Museum and Study Center 2nd floor corner room o 0.6 Miles to El Paso Museum of Art o 0.9 Miles to Judson F Williams Convention Center & Abraham Chavez Theatre o 1.3 Miles to University of Texas at El Paso o 2.4 Miles to Chamizal National Memorial o 5.9 Miles to Bassett Place o 6.9 Miles to Sunland Park Mall o 7 Miles to Fort Bliss o 7.2 Miles to Sunland Park and Casino o 7.5 Miles to El Paso International Airport o 7.8 Miles to Cielo Vista Mall and The Fountains at Farah o 14 Miles to The Outlet Shoppes at El Paso o 17 Miles to Franklin Mountains State Park Confidential Offering Downtown Hotel Redevelopment Do not contact hotel directly El Paso, Texas The material included in this report is based on information available at the time of publication. Neither Mumford Company nor the owners are making representations or warranties concerning its accuracy, and all investors should rely on their own projections as to possible financial goals. The financial statements provided are subject to errors, omissions and changes which are or may be unknown to Mumford Company. All information is provided subject to prior sale or withdrawal without notice. .
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