Proposed Hotel and Conference Center
FEASIBILITY STUDY Proposed Hotel and Conference Center U.S. HIGHWAY 377 KELLER, TEXAS SUBMITTED TO:PR OPOSED PREPARED BY: Ms. DeAnna Reaves HVS Consulting and Valuation Services City of Keller Texas Division of TS Worldwide, LLC 1100 Bear Creek Parkway, Post Office Box 770 2601 Sagebrush Drive, Suite 101 Keller, Texas, 76248 Flower Mound, Texas 75028 +1 (817) 743-4020 +1 (214) 724-7995 August-2013 August 23, 2013 Ms. DeAnna Reaves City of Keller Texas 1100 Bear Creek Parkway, Post Office Box 770 Keller, Texas, 76248 HVS DALLAS Re: Proposed Hotel and Conference Center 2601 Sagebrush Drive, Suite 101 Keller, Texas Flower Mound, Texas 75028 +1 (214) 724-7995 HVS Reference: 2013020674 +1 (972) 899-1057 FAX www.hvs.com Atlanta Boston Boulder Chicago Dear Ms. Reaves: Dallas Denver Pursuant to your request, we herewith submit our feasibility study pertaining to Houston Las Vegas the above-captioned property. We have inspected the real estate and analyzed the Los Angeles hotel market conditions in the Keller, Texas area. We have studied the proposed Mexico City project, and the results of our fieldwork and analysis are presented in this report. Miami We have also reviewed the proposed improvements for this site. Our report was Minneapolis prepared in accordance with the Uniform Standards of Professional Appraisal Nassau Practice (USPAP), as provided by the Appraisal Foundation. New York Newport We hereby certify that we have no undisclosed interest in the property, and our Philadelphia employment and compensation are not contingent upon our findings. This study is San Francisco St. Louis subject to the comments made throughout this report and to all assumptions and Toronto limiting conditions set forth herein.
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