CRABTREE - ARROW DRIVE 3925 / 3929 Arrow Drive | Raleigh, NC 27612

FOR SALE | HOSPITALITY CRABTREE - ARROW DRIVE 3925 / 3929 Arrow Drive | Raleigh, NC 27612

PRESENTED BY: PROPERTY HIGHLIGHTS

KEVIN A. MISHRA Unprecedented development opportunity in the heart of Triangle Advisor 919.926.3221 Uniquely positioned, visibility from US 70 and Crabtree Valley Mall [email protected] Incredible location, adjacent to Crabtree Valley Mall with more than

SANJAY MUNDRA 200 retail shops, hotels, restaurants and entertainment CEO One minute to Beltline I-440, easy access to all Raleigh destinations 919.573.8638 [email protected] Daytime trafficx e ceeds 116,000 cars per day

Raleigh, #1 for “Best Places for Business and Careers” —Forbes

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. DISCLAIMER CRABTREE - ARROW DRIVE | ROOMS | RALEIGH, NC

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. INVESTMENT SUMMARY 3925 / 3929 Arrow Drive, Raleigh, NC 27612

SALE OVERVIEW PROPERTY DESCRIPTION

SALE PRICE: $2,400,000.00 - Vacant wooded lot compilation on a hill, leading to strong visibility

- Compilation of .60 acre & .66 acre totaling 1.26 acres

LOT SIZE: 1.26 Acres - Frontage on: Arrow Drive & Crabtree View Place - Located directly East of Crabtree Valley Mall, South of Glenwood Avenue, West of Hampton Inn & Suites. MARKET: Raleigh - Current Zoning allows 7 Storey building

- At the hub of Raleigh's shopping and life-style experience

SUB MARKET: Crabtree

Arrow Drive / CROSS STREETS: Glenwood Ave

KEVIN A. MISHRA SANJAY MUNDRA Advisor CEO 919.926.3221 919.573.8638 [email protected] [email protected] All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. svnhpw.com FOR SALE | HOSPITALITY LOCATION 3925 / 3929 Arrow Drive, Raleigh, NC 27612

NEARBY HOTELS - CRABTREE VALLEY MALL

3925 / 3929 Arrow Drive, Raleigh, NC 27612

HOTEL ROOMS

Embassy Suites 225 Full Service Marriott 375 Holiday Inn 176 Hilton Garden Inn 147 Residence Inn 122 Marriott Courtyard 84 Hampton Inn & Suites 122 Fairfield Inn & Suites 125 Homewood Suites 137 Candlewood Suites 122 Westin Coming Soon Renaissance 225

Jim Tierney Vice President Real Estate & Development

6207 Adelaide Drive Bethesda MD 20817 C: 617-803-4489

VIA EMAIL

November 21, 2016

Sanjay Mundra CEO, Chairman Hospitality Council SVN Hotels 1001 Wade Avenue, Suite 111 Raleigh, NC 27605

Re: Proposed Hyatt Place – Crabtree Valley Mall

Mr. Mundra,

Following a preliminary tour and review of the market, it has been determined that the site located at 3925 and 3929 Arrow Drive, Raleigh NC is suitable for the development of a Hyatt Place hotel. The Crabtree Valley Mall market offers a diverse base of corporate and leisure hotel demand generators which offers a consistent weekday and weekend base of business.

Although I strongly support this site as a potential Hyatt Place, formal approval is subject to submission of a complete franchise application and our subsequent internal review and approval process. This letter is not intended to be binding upon the parties or construed as a contract or contain contractual obligations, but serves as a statement of our mutual understanding to enhance our brands together.

Please let me know if you have any additional questions.

Regards,

Jim Tierney Vice President, Real Estate and Development Hyatt Hotels Corporation

FOR SALE | HOSPITALITY DEMOGRAPHIC REPORT 3925 / 3929 Arrow Drive, Raleigh, NC 27612

POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 8,513 75,084 211,894 MEDIAN AGE 35.9 37.6 34.8 MEDIAN AGE (MALE) 35.3 36.3 34.2 MEDIAN AGE (FEMALE) 36.8 38.8 35.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 3,639 33,344 91,538 # OF PERSONS PER HH 2.3 2.3 2.3 AVERAGE HH INCOME $102,796 $97,333 $79,317 AVERAGE HOUSE VALUE $577,536 $489,146 $352,711

FOR SALE | HOSPITALITY CRABTREE - ARROW DRIVE 3925 / 3929 Arrow Drive, Raleigh, NC 27612

About Raleigh, NC

Just in 2016:Raleigh is No. 3 on a new ranking of the "Best Cities for Young Families" by financial research site Value Penguin:The rankings of the 156 best U.S. cities are based on 16 data points related to five areas that affect young families most, specifically how the city stacks up for working parents, buying and selling homes, education/environment, outdoor activities and safety/ health care. - Value Penguin, February 2016 U-Haul report: North Carolina is No. 1 'Growth State':U-Haul put the Tar Heel State at No. 1 on its list of U.S. Growth States in 2015, as North Carolina posted the biggest net gain of one-way U-Haul truck rentals entering the state as opposed to leaving it during last year. Trailing North Carolina are, in order, Virginia, Ohio, Florida and California. - Triangle Business Journal, February 2016 Raleigh's one of the 7 hottest startup hubs outside of Silicon Economic & Business Climate Valley:Raleigh is one of the seven hottest startup hubs outside of the Bay Area and Silicon Valley, according to a new report by Raleigh’s new Unified Development Ordinance Mattermark, summarized by Inc.The report is based on data on (UDO) was redesigned to accomplish many more than 6,700 investments made in nearly 5,000 companies important objectives regarding the growth and in 16 cities across the U.S. during the past four years. - Triangle development of Raleigh, but one of the most Business Journal, February 2016 Raleigh is No. 5 on a list of important yet difficult to understand was "America's Next Boom Towns,":The rankings are based on eight bringing Raleigh’s approval procedures into metrics, weighted equally: The percentage of children in the better alignment with recently adopted state population, the birth rate, net domestic migration, the law. percentage of the population aged 25-44 with a bachelor’s degree, income growth, the unemployment rate, and population growth. - Forbes, January 2016 North Carolina is No. 5 among top moving destinations:North Carolina ranks No. 5 among the top moving destinations, according to the 2015 National Movers Study by United Van Lines.The study is based on household moves handled by United within the 48 contiguous states and Washington, D.C. - Triangle Business Journal, January 2016

Local Notables:

Theater: Parks & Outdoors Carolina Ballet Fletcher Park Cary Academy Fine & Performing Arts Pullen Park Center Millbrook Pool Duke Energy Center for the Performing Arts Jordan Lake Jones Auditorium at Meredith College William Umstead State Park Joseph M. Bryan Jr. Theater in the Museum Lake Jordan Park (N.C. Museum of Art) Lake Johnson North Carolina Opera Lake Crabtree North Carolina Symphony & North Carolina NC Botanical Gardens Theatre JC Raulston Arboretum Raleigh Little Theatre Falls Lake Red Hat Amphitheater Duke Forest Stewart Theatre, Talley Student Center at American Tobacco Trail NC State University Wake County Greenways Theatre in the Park (Ira David Wood III Blue Jay Point Pullen Park Theatre) Sarah P Duke Gardens Thompson Theater at NC State University Walnut Creek Koka Booth Amphitheater Sports The Carolina Theatre of Durham Carolina Hurricanes Hockey Durham Performing Arts Center (DPAC) Carolina Mudcats Baseball Common Ground Theatre Durham Carolina RailHawks Soccer Durham Bulls Baseball Duke University Basketball, Football Cultural Landmarks & Events NC State Basketball, Football North Carolina State Capitol UNC Basketball, Football North Carolina Museum of Art NCAA Basketball Tournament North Carolina Museum of History USTA Tennis Championships Marbles Kids Museum Wake County Speedway Auto Racing JS Dorton Arena Tobacco Road Marathon Moore Square Bull City Marathon City Market Rock n Roll Marathon Series Lassiter Mill Ironman Triathlon Glenwood South SAS Championship Golf Executive Mansion PGA Wyndham Championship Joel Lane Museum Yates Mill County Park Historic Oakwood Shopping Morehead Plantation North Hills Raleigh Eno River State Festival Crabtree Valley Mall Raleigh NC State Fair Cary Town Center North Hills Beach Music Streets at South Pointe Durham Waverly Concert Series Northgate Durham University Mall Concert Series University Place Chapel Hill First Fridays Raleigh Triangle Town Center Raleigh Brightleaf District Waverly Place Cary Museum of Life & Science Durham Park West Village Morrisville Historic Carrboro White Oak Raleigh

Area Colleges & Universities:

Colleges & Universities in Chapel Hill, NC The University of North Carolina Chapel Hill, NC - Since the nineteenth century, UNC has offered distinguished graduate and professional programs.

School of Government Chapel Hill, NC - The School of Government at the University of North Carolina at Chapel Hill is home to the Institute of Government and the Master of Public Administration Program

Kenan-Flagler Business School Chapel Hill, NC - Quality teaching is a cornerstone of Kenan-Flagler's reputation for excellence. The faculty is highly ranked for teaching excellence, availability and responsibility.

Colleges & Universities in Durham, NC Duke University Durham, NC - The founding Indenture of Duke University directed the members of the University to develop our resources, increase our wisdom, and promote human happiness.

North Carolina Central University Durham, NC - A comprehensive university offering programs at the undergraduate and graduate levels.

Watts School of Nursing Durham, NC - Bridging tradition and caring with change and innovation in nursing.

Durham Technical Community College Durham, NC - Durham Technical Community College is a two-year community college. Welding, law enforcement training, nursing, engineering

Milestones Culinary Institute Durham, NC - Completely dedicated to the success of our students. Our Certificate in Culinary Arts program prepares graduates to enter the field at a higher level.

NCCU School of Law Durham, NC - Committed to equality of educational opportunity and does not discriminate against applicants, students, or employees

Colleges & Universities in Raleigh, NC NC State University Raleigh, NC - Recognized for integrating traditional activities of both universities & research institutes into a model emulated by educators & researchers around the world.

Saint Mary's School Raleigh, NC - Programs at SMS are for girls K-12th grade. We offer a wide variety of programs that encourage girls to discover, pursue their passions, and achieve their best!

Peace College Raleigh, NC - Peace is a liberal arts and sciences college offering four-year baccalaureate degrees in a variety of programs designed to give you the education and skills you need to build success.

Shaw University Raleigh, NC - The oldest historically Black university in the South. Located in Raleigh, NC, the University was founded in 1865.

Campbell University Raleigh, NC - Norman Adrian Wiggins School of Law. Number 1 in the State - 10 of the Last 13 Years 93.8% First-Time Passage Rate Over the Past 13 Years.

Wake Technical Community College Raleigh, NC - Provides education and training for the work force including vocational, technical, college/university transfer, and basic skills programs.

Saint Augustine's College Raleigh, NC - Saint Augustine’s College provides a strong Liberal Arts education as a base for all of its students. Stay connected with Saint Augustine’s College.

Meredith College Raleigh, NC - Meredith College, Women's College, you will find explicit and implicit throughout your years as a Meredith student. Meredith College, education at its best.

School of Communication Arts Raleigh, NC - Training in Digital Animation, Pro Tools Audio, Web Design and Development, Digital Graphics and Interior Design for creative people.

ECPI University - School of Technology Raleigh, NC - Provides a solid up-to-date education that encourages life-long learning to keep up with changing technology.

FOR SALE | HOSPITALITY ADVISOR & CONTACT 3925 / 3929 Arrow Drive, Raleigh, NC 27612

Kevin A. Mishra Advisor SVN | HPW COMMERCIAL

The acquisition and disposition of hotels requires a clear understanding of both the Real Estate side and the Hotel Operations side. Kevin comes to SVN Hotels with over 15 years of national and international hotel experience, with Disney Hotel & Resorts, Wyndham Hotels, Taj Group of Hotels, and Holland America. Brokerage came naturally to Kevin, with his involvement in various deals from a young age. He has been a successful hotel owner and an entrepreneur.

Managing client relationships and delivering a thorough understanding of the marketing and sales process are two of Kevin's identifiable traits. Kevin’s expertise enables him a market awareness that aids in reinforcing existing client-agent relationships, as well as establishing new business engagements in this ever-changing Memberships & Affiliations hospitality climate. Kevin has taken his select service transactions expertise to the next level and has consistent track record in AAHOA - Lifetime Member executing deals. Kevin's 2016 real estate transaction volume has TCAR - Premium Member already surpassed 2015. Below awards recognized his success in brokerage business. Phone: 919.926.3221 2015- TCAR Million Dollar Sales Club Award Winner Fax: 919.573.9261 2015- Deal of the Year Award Winner Cell: 252.571.0880 2015- CoStar Deal Maker Award Nominee Email: [email protected]

Address: 1001 Wade Avenue Suite 111 Raleigh, NC 27605

KEVIN A. MISHRA SANJAY MUNDRA Advisor CEO 919.926.3221 919.573.8638 [email protected] [email protected] All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. svnhpw.com FOR SALE | HOSPITALITY CEO ADVISOR & CONTACT 3925 / 3929 Arrow Drive, Raleigh, NC 27612

Sanjay Mundra CEO SVN | HPW COMMERCIAL

SVN Hotels CEO Sanjay Mundra has been involved in the hospitality industry for more than 30 years. As a former owner, developer, operator and broker of numerous, large hotel projects, Mundra brings with him not only the knowledge and experience an owner or operator requires, but their perspective as well.

Mundra has been a successful commercial real estate entrepreneur since founding First American Hotels and the Soleil Group in the early 1990s. He has successfully bought, developed, managed and sold commercial properties including hotels, condominiums, multi-family housing and marinas in North and South Carolina for more than 25 years.

SVN Hotels serves owners, investors, developers, and operators with Memberships & Affiliations a full spectrum of integrated hospitality real estate services, all with the strength and infrastructure of the SVN® name squarely behind it. TCAR – Million Dollar Sales Club 2013, 2014 With offices in more than 15 cities strategically located throughout the TCAR – Frontier Award 2013 United States, and more than 35 seasoned hospitality professionals Board of Trustees, Hindi Society of North Carolina 2009 – 2013 with regional market knowledge, SVN Hotels understands the specific factors which impact the acquisition and disposition of hospitality Founding Member & Lead Director, Trust Atlantic Bank 2005 – 2011 properties from coast-to-coast. Under his management, SVN Hotels

Invitee to witness the historical Nuclear Treaty will continue to grow and establish itself as a leader in the national between US – India By George Bush, Jr. at the White House 2010 hotel brokerage and servicing industry.

Mundra Endowment Fund for International Students, Ravenscroft School 2006 CEO, SVN Hotels & SVN/HPW Commercial

Member of various Chamber of Commerce 1001 Wade Avenue, Raleigh, NC 27605 Committees, LLC’s For more information visit www.svnhotels.com North Carolina and South Carolina 2015 - Present Delegation Member for Bill Clinton Presidential Trip to India 2000

The Presidential Round Table CEO, Howard Perry & Walston Commercial and Hotel Group Commission 2010 1001 Wade Avenue, Raleigh, NC 27605

Phone: 919.573.8638 2013 - 2015

Fax: 919.573.8282 Chairman & CEO, Beacon Inns of America Cell: 919.621.0745 For more information visit www.beacon-inn.com Email: [email protected]

Address: 1001 Wade Avenue CEO, First American Hotels & Soleil Group 1995 – 2013

Suite 111 EVP, First Hospitality Company 1986 – 1995 Raleigh, NC 27605