Unique Investment Opportunity Introduction

This Information Memorandum (the “Memorandum”) is intended Table of Contents solely for the purpose of soliciting Process Offering Highlights expressions of interest from Property Overview qualified potential purchasers with Area Highlights respect to the sale of the Hockley Appendix Motel (the “Property” or “Motel”) from Pretty River Investments Inc. (the “Vendor” or “Owner”). The Owner has retained Colliers Hotels (“Colliers”) to act as its advisor and exclusive agent in connection with the sale of its fee simple interest in the Property.

This document/email has been prepared by Colliers International o/a Colliers Hotels (“Colliers”) for advertising and general information only. Colliers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers and /or its licensor(s).

2 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Process



Transaction Overview Based on information contained in this Memorandum and other information that may be available upon request, interested parties are invited to submit a Letter of Intent (“LOI”). A form of LOI for the use by prospective purchasers for submitting an offer is available upon request.



Bid Date Provided below are details on the call for offers process.

Highest and Best Offers Due No Later Than Monday December 14, 2020 Expressions of interest to acquire the Property are due on Monday, December 14th, 2020 by 3:00 PM Eastern Standard Time to Colliers Hotels.

To assist the Vendor and Colliers Hotels in reviewing acquisition proposals, at a minimum your proposal should include the following:

• Purchase Price • Capitalization Structure and Source of Funds • Due Diligence and Closing Timeframe • Deposit Amounts • Conditions of Purchase and Contingencies, if any • Description of Purchasing Entity and Investment Approval Process, if any • Financing Plans and Assumptions

Tours are available and encouraged. For due diligence requests or questions, please feel free to reach out to any of the team members at Colliers.

The Vendor reserves the right to reject any or all offers. The acceptance of any offer shall be at the Vendor’s sole and absolute discretion. In addition, the Vendor may withdraw the Property from the sale process at any time without compensation to prospective purchasers related to pursuing the transaction.

3 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Offering Highlights The Hockley Motel offers 10 rooms, which includes a two-storey manager's suite with three bedrooms, as well as a 700 SF cottage. Easily accessed to Canada’s most significant trading area, this ±6.7 acre site backs onto the picturesque Nottawasaga River and is surrounded by natural landscape. It is envisioned a new owner will renovate and reposition the existing structures as a lodging operation or long-term rental.   

Rosebud Motel from CBC’s Schitt's Creek Create a Unique Four Season Offering Well Located Just Outside Greater Toronto The Motel's exterior was famously used in The Property is currently not operational The Property offers refuge from the hustle Schitt’s Creek TV series that originally aired and a new owner has the ability to create and bustle of the big city, and is an easily on CBC and has since become internationally something special on the Site, capitalizing accessible escape from downtown Toronto distributed on Netflix. on new travel trends following COVID-19, It (1.5 hours), and an hour or less from other is anticipated travelers will be valuing safety major nearby trading cities, including Barrie,  and cleanliness as well as unique experiences Collingwood and Guelph, among others. to enjoy nature and the outdoors. A capital Large ±6.7 Acre Site infusion in the guest rooms along with  innovative technology for "contactless" The Property is set on an expansive site with Fully Unencumbered Opportunity ±1,265 feet of frontage on Hockley Road check-in and other mobile applications to The Property is being offered unencumbered surrounded by nature, including Nottawasaga enhance the overall guest experience in by brand and management, permitting River – a highly desirable fishing river for a more personalized yet safe way. Other maximum flexibility for a new investor to Rainbow Trout and Salmon – at the back of features could include adding an outdoor fire reposition the Property and create their own the site. The site is fully serviced and zoned as pit, picnic tables and other seating for guests brand, manage and maximize the Property's Niagara Escarpment Area. to congregate while enjoying the scenery. unique characteristics.

4 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Offering Highlights

The Property is featured in a filming location database and is an ideal setting for TV or movie production.

The Site has been featured in:

• Schitt’s Creek (Canadian television sitcom created by Dan and Eugene Levy; the series’ 6th and final season swept all seven major comedy awards). • A History of Violence (2005 American action-thriller film). • 11.22.63 (American science fiction thriller miniseries based on the 2011 novel 11/22/63 by Stephen King). • Umbrella Academy, an Amazon original (American superhero series).

 

Boutique Motel Opportunity Long Term Rental Opportunity A popular area for adventure seeking and outdoor A new owner could also explore renovating the activities, the Hockley Motel has strong potential to rooms and renting them out on a long-term basis. be overhauled and reimagined to offer something Housing could be a very logical use for the Site and special in the area. All rooms have a kitchenette and as summarized on page 9, rents in Orangeville/Mono offer outdoor access to the rooms in a traditional are in the $1,000 per unit range. motel concept, which is ideal given travel trends following the COVID-19 pandemic. There is an opportunity to target long-term stay and capitalize on “working remotely” and leisure trips in a setting where guests can enjoy plenty of open space and outdoor activities nearby.

5 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Property Overview

Nottawasaga River

Offering Snapshot

Address 308399 Hockley Road, Mono, Ontario

Interest Fee Simple

Legal PT LT 12, CON 7 EHS, PT 1, 7R1913; MONO; COUNTY OF Description DUFFERIN

Zoning NEC – Niagara Escarpment Development Control Area

Site Size ±6.7 acres (291,852 square feet) Cottage Storage Shed Frontage ±1,264.21 feet on Hockley Road 700 SF Year Built Circa mid 1960s

Storeys One (with a two storey section)

Buildings • Motel Building with 6 guest keys and two-storey and Keys manager’s suite with 3 bedrooms (3,600 SF) • Cottage (1 guest key, 700 SF) Covered Deck • Storage Shed • There is also a stable on the far east side of property and could be used for livestock (not shown on the Second floor of Manager’s diagram opposite) 1 7 Suite not shown

Parking Parking is located at the front of the building and is unpaved

Notes: All areas to be confirmed by purchaser. The Motel is known as the 2 3 4 5 6 Storage

Hockley Motel and does not have trademarks for Rosebud or any other Storage name associated to TV or other media productions.

6 Colliers Hotels Motel Building 3,600 SF Process Offering Highlights Property Overview Area Highlights Appendix

Property Overview



The Motel The Motel is not currently in operation and guest rooms are not furnished. The Motel structure is built with poured concrete foundation with masonry brick and aluminum siding exterior and windows are double glazed.

Photos of the two-storey manager's suite are shown opposite/below. The first floor contains a lobby/reception area, utility room, storage and kitchen areas. The second storey contains a bathroom, living room and three bedrooms.

7 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

WASAGA BEACH Area Highlights

COLLINGWOOD Lake BARRIE   Simcoe KAWARTHA Location Overview Drive Times (from Hockley Motel) LAKES Known as “The Heart of the Headwaters”, the Property Mono 5 MINUTES 400 GEORGINA is located in Mono, Ontario, a rural town situated just Orangeville 15 MINUTES NEW TECUMSETH outside of Orangeville only one hour from downtown Brampton 40 MINUTES Toronto. With a population of nearly 30,000 combined Toronto Pearson Airport 50 MINUTES between Mono and Orangeville, the local area is well Guelph 55 MINUTES  known for its country charm, stunning natural scenery. Barrie 60 MINUTES 12 PETERBOROUGH 60 MINUTES MONO Downtown Toronto 9 NEWMARKET UXBRIDGE Mono is located just minutes north of the Greater ORANGEVILLE Toronto Area (“GTA”, “Toronto” or “City”). Toronto serves as Canada’s corporate capital and is recognized Popular attractions in Mono 404 for its diverse population of over six million people. include the Hockley Valley FERGUS 10 The City is home to the third largest population in Resort, complete with ski hill VAUGHAN MARKHAM North America after New York City and Los Angeles and golf course, the Adamo ELORA and is widely recognized as one of the most multi- Estate Winery and the Mono OSHAWA BRAMPTON cultural and cosmopolitan cities in the world. Cliff Provincial Park, among AJAX 401 other popular points of TORONTO PORT HOPE GUELPH interest.  Greater Toronto Area Accessibility View Google Maps for other KITCHENER 401 MISSISSAUGA One-Hour Drive The Property is only a one-hour drive from downtown amenities in the vicinity of Downtown Toronto’s financial core. Highway 10 provides a direct the Hockley Motel CAMBRIDGE southeasterly connection to Toronto’s primary east/ Lake Ontario west thoroughfares, including Highway 401 (one of North America’s busiest traffic arteries) and Highway  407, as well as the Queen Elizabeth Way (QEW). Flight Times (from Toronto Highway 9 travels northeasterly from Orangeville Pearson Airport) connecting with Highways 400 and 404, and passing 1 HOUR, 30 MINUTES HAMILTON New York City N through the Town of Newmarket. Boston 1 HOUR, 35 MINUTES Chicago 1 HOUR, 50 MINUTES Just 40 minutes to the southeast is Canada’s largest 6 QEW Seattle 4 HOURS, 35 MINUTES airport: Toronto’s Pearson International Airport (IATA: San Francisco 5 HOURS YYZ) with its 41 million annual passengers. ST. CATHERINES Los Angeles 5 HOURS, 15 MINUTES NIAGARA 8 Colliers Hotels FALLS UNITED STATES

BUFFALO Process Offering Highlights Property Overview Area Highlights Appendix

Area Highlights  Tourism  Mono attracts more than 55,000 visitors annually who are drawn to Mono the Region’s vast recreational opportunities with kilometres of trails, downhill and cross-country skiing, golfing, wine tourism and watersports Mono is a scenic town located just outside of with headwaters for three rivers running to Lake Ontario and Georgian the Greater Toronto Area in the south-east Bay within the Town’s boundaries. The Town’s unique landscape arises corner of Dufferin County. Mono and the from its position along the Niagara Escarpment, one of North America’s neighboring community of Orangeville are most unique landforms which boasts a diverse range of topography and home to a combined population of some ecosystems which are recognized as a UNESCO World Biosphere Reserve. 40,000 people, offering urban amenities with a spectacular landscape along the famous Several top attractions are within a short drive of the Property such as Niagara Escarpment. With its convenient Mono Cliffs Provincial Park, Island Lake Conservation Area, Hockley Valley location just an hour’s drive from downtown Nature Reserve and Downtown Orangeville’s Broadway Strip, among others. Toronto, Mono offers the ideal urban escape Additionally, the Property is well-suited to be an economical option for guests with stunning scenery, boundless recreational looking to explore nearby Hockley Valley Resort which features an 18-hole opportunities, and a unique local charm. Mono championship golf course, award-winning spa, 16-run downhill skiing facility is anchored by the Hockley Valley Resort, which and renowned Adamo Estate Winery, among the region’s top attractions. includes a ski hill, golf course, winery and luxury Development along the Escarpment is restricted by a variety of land use resort. The Hockley Valley Resort is located a designations and development criteria, providing high barriers to entry for five-minute drive from the Hockley Motel. new competitive developments for hospitality or rental housing uses.

 1

Highway Access Residential Rental Market The Mono-Orangeville area and conveniently With 10 rooms, scenic surroundings, and a convenient location proximate situated at the junction of two well-connected to Orangeville, Mono Centre and Hockley Valley, the Property is well- primary highways (Highway 9 and 10), providing suited for conversion to rental housing as either apartments or employee easy access to the Greater Toronto Area (GTA) housing for resorts and other employers in the region. Average monthly and Toronto Pearson International Airport, the rental rates in the Orangeville-Mono region ranged between $1,031 for Technology Triangle of Kitchener-Waterloo- one-bedroom units to $1,435 for three-bedroom units in 2019 with an Cambridge and the City of Guelph, as well as average of $1,177, according to the CMHC. Each unit is outfitted with a nearby Halton, Wellington, Simcoe, and York separate washroom and could be renovated into one-bedroom/bachelor counties. Highway 9 also provides a direct link apartments or combined to create a mix of unit types. In addition to to Highway 400 for access to Barrie and other the existing guest laundry facility, a new owner could explore creating communities in central and northern Ontario. an outdoor patio/BBQ area and other recreational amenities on the Property’s landscaped areas.

9 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Area Highlights



Local Economy Mono has access to a regional trade area of approximately 90,000 people with the largest employment sectors including retail trade, professional services, manufacturing, construction, healthcare & social assistance, tourism, public administration, and farming. The surrounding region is home to many small and medium sized businesses, artist studios and galleries and farming communities in addition to major employers such as Millennium 1 Solutions, Pinehurst Group, Clorox Company of Canada, Saputo Dairy Products Canada and Hydro One, to name a few. The Town’s long-term economic development vision involves environmental sustainability, the preservation of a local economy and the conservation of the area’s natural heritage, all aimed at protecting the environment and rural character of this southern Ontario region.



The Greater Toronto Area: Canada's Economic Engine The Greater Toronto Area (GTA, Toronto or City), Canada’s largest metropolitan area is ranked as one of the world’s most influential financial centres, and is the  fourth largest city in North America. A major research, technology and corporate Canada: A Safe Place to Invest centre, the City’s diverse economy is Comprising the foundation of an investor-friendly environment, the forecast to lead all of Canada’s major country’s economy is aided by a strong and stable financial system, cities for economic growth through the efficient tax structure, as well as relatively few regulatory, cultural and long-term. geopolitical barriers.

10 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Appendix Natural Heritage Map Map 2A Natural Heritage Features 308399 HOCKLEY RD TOWN OF MONO Nottawasaga River

LOT 13 CON 7 EAST OF HURONTARIO STREET LOT 13 CON 7 EAST OF HURONTARIO STREET

Subject Property Roads Unevaluated Wetlands Waterbodies Watercourse Upper Tier Municipality

/ HOCKLEY ROAD Lower/Single Tier Municipality 7 AD Lot and Concession Boundary RO Y NT Parcel Boundary OU C Nottawasaga River IN Wooded Area ER FF DU

LOT 12 Natural Heritage Features Data Source: Ontario's CON 7 EAST OF HURONTARIO STREET Ministry of Natural Resources - Natural Resource Values and Information System (NRVIS).

LOT 12 CON 7 EAST OF HURONTARIO STREET

Scale 1:2,741 0 20 40 60 80

Metres Printed on Mar 14, 2018

THIS IS NOT A PLAN OF SURVEY. This map is illustrative only. Do not rely on it as being a precise indicator of routes, location of features, nor as a guide to navigation. Base derived from various sources. Map compiled and produced by the Geographic Information Systems (GIS) Department of the Niagara Escarpment Commission, Ministry of Natural Resources

11 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Appendix Aerial Map Map 2C Orthophoto 308399 HOCKLEY RD TOWN OF MONO

Subject Property Nottawasaga River Roads / HOCKLEY ROAD 7 Waterbodies AD RO Y Watercourse NT OU C Upper Tier Municipality IN ER FF Lower/Single Tier Municipality DU Parcel Boundary

Orthophoto Date: 1995-2015

Scale 1:2,910 0 20 40 60 80

Metres Printed on Mar 14, 2018

12 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

Appendix Niagara Escarpment Map

Niagara Escarpment Plan 308399 HOCKLEY RD TOWN OF MONO LOT 13 CON 8 EAST OF HURONTARIO STREET

LOT 13 CON 7 EAST OF HURONTARIO STREET 7 D R Y T N U Subject Property O Nottawasaga River C Plan Designations

LOT 13 Escarpment Natural Area CON 7 EAST OF HURONTARIO STREET Escarpment Protection Area LOT 12 CON 8 EAST OF HURONTARIO STREET Escarpment Rural Area Roads Unevaluated Wetlands Waterbodies / HOCKLEY ROAD 7 AD Watercourse RO Y NT Upper Tier Municipality OU C IN Lower/Single Tier Municipality Nottawasaga River FER UF D 7 Lot and Concession Boundary T H Parcel Boundary L I N LOT 12 E

EH NOTE: The Niagara Escarpment Plan Designation boundaries shown CON 7 EAST OF HURONTARIO STREET on this map are approximate and subject to confirmation through Site Inspection and the application of the 'Interpretation of Boundaries' S section of the Niagara Escarpment Plan

LOT 12 CON 7 EAST OF HURONTARIO STREET

Scale 1:5,000 0 30 60 90 120

Metres Printed on Mar 14, 2018

LOT 11

CON 7 EAST OF HURONTARIO STREET © Queen’s Printer for Ontario and its licensors. [2017] May Not be Reproduced without Permission. ´

13 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

DAVE GRIME SALES REPRESENTATIVE 519-941-5151 1-800-268-2455 Appendix THEGRIMETEAM.COM Motel Building Floor Layout Main Level

Covered Deck 34'-2" x 8'-0"

Utility 2 12'-2" x 15'-2" Sump Counter Pump Unit #1 11'-0" x 13'-3" Utility 1 Built-In 15'-7" x 11'-5" Kitchen Kitchenette Well 12'-1" x 14'-10" 11'-0" x 6'-4" W Built-In

Shelves Water Shelves Softener Storage Bar Fridge Reception/Lobby Furnace Unit #2 Bedroom Unit #3 Bedroom 11'-10" x 15'-2" Bedroom Unit #5 Bedroom Unit #6 Outdoor 11'-8" x 15'-1" 12'-2" x 15'-2" 11'-6" x 15'-1" 12'-2" x 15'-1" Unit #4 12'-2" x 9'-11" 11'-10" x 15'-3" Shelves 12'-3" x 9'-9" 11'-11" x 15'-3" Outdoor Storage 12'-5" x 12'-11" Storage 5'-11" x 8'-7" 6'-2" x 8'-7"

Foyer Shelves Shelves Shelves Shelves 7'-9" x 7'-3" Shelves

308399 Hockley Road, Mono Motel Floor Plan Total Area: 3609.9 Sq Ft

Please Verify Measurements 0 1 2 5 10 20 Scale - Feet

Source: Dave Grime, The Grime Team

14 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

DAVE GRIME SALES REPRESENTATIVE 519-941-5151 Appendix 1-800-268-2455 THEGRIMETEAM.COM Motel Building Floor Layout Upper Level

Balcony 34'-2" x 8'-0"

Bedroom 1 Living Room 12'-11" x 14'-4" 12'-8" x 24'-9"

Thru-Wall A / C Unit

W.I.C W.I.C

Bath

Chimney

Bedroom 2 11'-2" x 7'-11" Bedroom 3 14'-5" x 7'-11"

308399 Hockley Road, Mono Upper Floor Plan Living Space: 935.6 Sq Ft

0 1 2 5 10 20 Please Verify Measurements Scale - Feet

Source: Dave Grime, The Grime Team

15 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix

DAVE GRIME SALES REPRESENTATIVE 519-941-5151 1-800-268-2455 Appendix THEGRIMETEAM.COM Cottage Building Layout

Furnace Hwt Utility Bath Closet

Living/Kitchen 17'-10" x 19'-3"

Bedroom 15'-3" x 12'-6"

308399 Hockley Road, Mono Detached Cottage Floor Plan Living Space: 696.9 Sq Ft 0 1 2 5 10 20

Please Verify Measurements Scale - Feet

Source: Dave Grime, The Grime Team

16 Colliers Hotels Contact

Alam Pirani +1 416-643-3414 [email protected]

Robin McLuskie +1 416-643-3456 [email protected]

Jessi Carrier +1 514 764 8172 [email protected]

Tom Andrews +1 604 661 0846 [email protected]

Hamir Bansal +1 604 661 0850 [email protected] collierscanada.com/hotels