Perrysburg Hotel Development Site Perrysburg, Oh

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PERRYSBURG HOTEL DEVELOPMENT SITE PERRYSBURG, OH

OFFERING MEMORANDUM | REDEVELOPMENT OPPORTUNITY EXECUTIVE SUMMARY

REDEVELOPMENT OPPORTUNITY OVERVIEW

CBRE Hotels is pleased to represent the developer in the offering to HOTEL DEVELOPMENT SITE acquire this two-acre Hotel Development Site (Parcel E in the conceptual site plan to the right) located adjacent to the Holiday Inn Toledo South Perrysburg (Parcel D), which will be repurposed into a proposed retail development.

The site is roughly two acres, but that approximate parcel size is subject to the lot split by the master developer. Cross easements and a development agreement will be required for development of this site, and the hotel’s brand must be complimentary to the proposed retail development.

The site is conveniently situated in Perrysburg, Ohio, approximately 10 miles southwest of downtown Toledo. The site is also conveniently located at the crossroads of Interstate 75 and Route 20, 3 hours and 50 minutes east of Chicago.

SITE DETAILS ASSET Address: 10630 Fremont Pike, Perrysburg, Ohio 43551

Purchase Price: $1,000,000

Proposed Site Area: +/- 2 acres (subject to lot split by master developer) Current Site Area: 1.77 acres (per the conceptual site plan)

Hotel Brand: Complimentary to the proposed retail development Zoning: Commercial permitting hotel development MARKET OVERVIEW

MAUMEE/PERRYSBURG

Situated along the Maumee River in Lucas County, Maumee is approximately 10 miles southwest of downtown Toledo. Maumee is one of the state’s oldest permanent settlements. The town of Maumee has an incredibly rich history, most commonly recognized for military clashes between British and American forces.

Perrysburg, situated along the south side of the Maumee River, lies in Wood County. While Perrysburg boasts a rich history like Maumee, it is also known for its modern amenities, including one-of-a-kind boutique stores, exceptional restaurants and nationally recognized retailers. Perrysburg also features a scenic historic downtown main street that hosts an open-air farmers market with local vendors and artists every Thursday from summer to fall.

Maumee and Perrysburg are located within the Toledo Metropolitan Area, which is comprised of Fulton, Lucas, Ottawa and Wood Counties. The MSA is made up of a population of approximately 600,000, and makes up approximately 5% of the state’s total population. Similar to Maumee and Perrysburg, the Toledo Metropolitan Area’s major industry is manufacturing, following by trade, transportation and utilities; professional and business services; education and health; and leisure sectors for employment.

Courtesy of Destination Toledo Courtesy of Destination Toledo MARKET OVERVIEW

DEMAND GENERATORS

LEISURE

The Maumee and Perrysburg area is fortunate to possess beautiful landscapes that can be enjoyed from various open spaces and parks by visitors and locals alike. Fort Meigs, one of the most amazing structures in North America, is located less than three miles from the Hotel Development Site. It is Ohio’s War of 1812 Battlefield, and is also the largest reconstructed fortifications in the country. Maumee and Perrysburg are also within proximity to Toledo Zoo, one of the finest zoos in the United States.

Also located in nearby Toledo, the Toledo Museum of Art is a world-class internationally recognized art museum with a collection of over 30,000 pieces. The museum experienced an attendance of 457,003 in 2016, accounting for a year-over-year increase in annual attendance of 12.3%. One of the museum’s most popular components is the Glass Pavilion, Courtesy of Destination Toledo which is home to some of the principal collections in the field of glass, including objects of exceptional quality and historical importance.

Courtesy of Destination Toledo MARKET OVERVIEW

CORPORATE

Maumee, Perrysburg and nearby Toledo are home to a healthy variety of corporate and leisure demand generators. The area is known for its high concentration of advanced manufacturing and auto manufacturing facilities, as well as a growing presence in the alternative energy, biosciences and healthcare sectors. The area is also proximate to Detroit – less than 80 miles – and its abundance of auto manufacturing facilities.

St. Luke’s Hospital, situated approximately five and a half miles from the Hotel Development Site, is a 314-bed health care facility providing a wide- range of critical care to patients.

Toledo Assembly Complex, which is responsible for the manufacturing of Jeep automobiles, is located in nearby Toledo – approximately 15 miles from the Hotel Development Site. The manufacturing facility employs nearly 6,000 workers and is over 3.5 million square feet in size. In early 2017, the company announced that it will invest $1 billion to renovate Toledo Assembly Complex’s South plant for production of an all-new Jeep pickup truck. As part of the $1 billion invested, The Warren Truck Assembly Plant – situated in nearby Detroit – will also be outfitted to produce the all-new Jeep Wagoneer and Grand Wagoneer. These renovations and improvements are expected for completion in 2020, and will result in over 4,500 additional jobs for both assembly complexes combined.

Arrowhead Park, a 700-acre business park – home to a variety of corporate offices for manufacturing and bioscience institutions, including Dana Incorporated and ProMedica’s laboratory facility – is within seven miles from the site.

Courtesy of Destination Toledo MARKET OVERVIEW

CORPORATE (CONTINUED)

The area is also home to the corporate headquarters of several companies, such as The Andersons (Maumee), an agricultural manufacturing company with facilities across the country; Manor Care (Toledo), a healthcare institution specializing in assisted living facilities, home care and hospice, as well as rehabilitation; Libbey Glassware (Toledo), the No. 1 glassware company in the Americas and one of the largest tableware suppliers in the world; Owens-Illinois (Perrysburg), one of the leading glass bottle manufacturers in the world; and Owens Corning (Toledo), which specializes in the manufacturing of insulation, roofing and composites materials.

The Toledo-Lucas County Port Authority, or the Port of Toledo, is dedicated to transportation and development to move people and cargo through the region while incorporating innovative programs. The Port of Toledo is a detrimental component in the transportation of cargo for the Great Lakes shipping industry.

University of Toledo, located less than 13 miles north of the Hotel Development Site, ranks 11th among the 50 best Graduate Nursing Schools in America, and its College of Medicine and Life Sciences ranks 14th for surgical residency programs in the U.S. The university is home to over 23,000 students and offers more than 300 undergraduate, graduate and professional programs.

Courtesy of Destination Toledo MARKET OVERVIEW

DEMAND GENERATORS MAP

HOTEL DEVELOPMENT SITE AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality Agreement

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

Disclaimer

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

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© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE HOTELS

The World’s Leading Hotel Experts.

LICENSED REAL ESTATE BROKER:

COLUMBUS Eric Belfrage +1 614 430 5048 [email protected]

Michael Shirey +1 614 430 5059 [email protected]

FOR MORE INFORMATION, PLEASE VISIT OUR PROPERTY WEBSITE: www.cbredealflow.com

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