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INVESTMENT OPPORTUNITY Confidential Marketing Package

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INVESTMENT OPPORTUNITY Confidential Marketing Package 800 GARDEN ST. LAREDO, TX INVESTMENT OPPORTUNITY Confidential Marketing Package Darrell L. Betts, CCIM Guillermo J. Sepulveda Principal, Capital Markets Principal & Managing Directo Avison Young - Texas Avison Young - Mexico 713.993.7704 +52.55.4123.7570 [email protected] [email protected] RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX Table of Contents 1. Property Summary....................................................................................................................... 3 2. The Market......................................................................................................................................... 11 avisonyoungcapitalmarkets.com avisonyoung.com RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX PROPERTY SUMMARY avisonyoungcapitalmarkets.com | avisonyoung.com RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX R AMADA P LAZA L A R EDO LOCATION: 800 Garden St., Laredo, TX SIZE: +/-121,500 rentable square feet ROOMS: 203 SITE AREA: +/- 1.25 acres YEAR BUILT: 1984 STORIES: 8 PARKING: 4 floors of covered garage parking 247 spaces Four Star, full-service Ramada Plaza Laredo offers casual, modern rooms with two restaurants, outdoor pool and fitness center. Additional amenities include on-site covered garage parking, free airport shuttle, bar, café, banquet facilities, business center and meeting rooms. Seven miles to/from Laredo International Airport and only 3 miles to/from the Laredo Medical Center. 4 RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX PROPERTY PHOTOS Source of photos on this page only: https://www.wyndhamhotels.com/ramada/laredo-texas/ramada-plaza-laredo/overview 5 RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX AERIALS 6 RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX 7 RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX 8 RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX 9 RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX 10 RAMADA PLAZA LAREDO 800 Garden St. Laredo, TX THE MARKET avisonyoungcapitalmarkets.com | avisonyoung.com RAMADA PLAZA LAREDO LAREDO, TEXAS 800 Garden St. Laredo, TX ECONOMIC MARKET MONITOR Second Quarter 2016 LAREDO, TX MARKET OVERVIEW Unemployment MARKET SNAPSHOT 8.0% Laredo is located in South Texas along the north bank of the Rio Grande 7.0% River, which serves as the boundary between the U.S. and Mexico. Due to 6.0% the city’s close proximity to Mexico, Laredo’s economy is largely based on international trade. The southern portion of Interstate 35 ends in Laredo, 5.0% providing manufacturers in Northern Mexico an ideal distribution hub. 4.0% For this reason, most major transportation companies have a facility in Laredo. The city has four international bridges and one railway bridge 3.0% connecting the two nations. 2.0% 1.0% Laredo’s population totals over a quarter million residents, making it the tenth-most populous city in the state of Texas. The economy continues to 0.0% thrive. In the last 12 months ending in July, the Laredo metropolitan area YE10 YE11 YE12 YE13 YE14 YE15 YTD added 3,100 jobs, a 3.1% increase in employment. The Professional and Business Services sector led the way, increasing by 4.9% in just one year. Employment Growth Employment in the Trade, Transportation, and Utilities sector- Laredo’s economic driver- grew by 3.2% in the past year. Laredo’s unemployment 4.5% rate registered 5.4% in July. 4.0% 3.5% Year-Over-Year Laredo Employment Growth by Sector 3.0% • Mining, Logging, and Construction +2.4% 2.5% • Manufacturing 0% 2.0% • Trade, Transportation, and Utilities +3.2% 1.5% • Information 0% 1.0% • Financial Activities +2.6% • Professional and Business Services +4.9% 0.5% • Education and Health Services +2.6% 0.0% • Leisure and Hospitality +4.6% YE10 YE11 YE12 YE13 YE14 YE15 YTD • Other Services +3.6% • Government +2.3% Laredo Workforce 118,000 116,000 114,000 112,000 110,000 108,000 106,000 104,000 102,000 100,000 YE10 YE11 YE12 YE13 YE14 YE15 YTD Partnership. Performance. 12 PERRY BROOKS BUILDING Darrell L. Betts, CCIM 720 Brazos St. Principal, Capital Markets Austin, TX Avison Young - Texas 713.993.7704 Guillermo J. Sepulveda Principal & Managing Director Avison Young - Mexico +52.55.4123.7570 avisonyoungcapitalmarkets.com avisonyoung.com.
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