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HOLIDAY INN EXPRESS NORTH CENTRAL AUSTIN | TX 8500 N Interstate 35, Austin, TX 78753

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HOLIDAY INN EXPRESS NORTH CENTRAL AUSTIN | TX 8500 N Interstate 35, Austin, TX 78753 OFFERING MEMORANDUM HOLIDAY INN EXPRESS NORTH CENTRAL AUSTIN | TX 8500 N Interstate 35, Austin, TX 78753 SUBHASH NAIK NITI NAIK Making Deals Happen Licensed Broker 661.978.3109 661.808.4998 [email protected] [email protected] HOTEL BROKERS OF AMERICA CA BRE #01717362 TX BRE #735690 NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY & DISCLAIMER including by obtaining and reading applicable documents and All materials and information received or derived from Hotel through appropriate third party independent professionals Brokers of America (HBA) & Frank Potts (State Licensed selected by such party. All financial data should be verified by Broker) its directors, ocers, agents, advisors, aliates and/or the party including by obtaining and reading applicable any third party sources are provided without representation or documents and reports and consulting appropriate independent warranty as to completeness , veracity, or accuracy, condition of professionals. HBA & State Licensed Broker makes no the property, compliance orlack of compliance with applicable warranties and/or representations regarding the veracity, governmental requirements, developability or suitability, completeness, or relevance of any financial data or assumptions. financial performance of the property, projected financial HBA & State Licensed Broker does not serve as a financial performance of the property for any party’s intended use or any advisor to any party regarding any proposed transaction. All and all other matters. data and assumptions regarding financial performance, including that used for financial modeling purposes, may dier Neither HBA, State Licensed Broker, its directors, ocers, from actual data or performance. Any estimates of market rents agents, advisors, or aliates makes any representation or and/or projected rents that may be provided to a party do not warranty, express or implied, as to accuracy or completeness of necessarily mean that rents can be established at or increased to the any materials or information provided, derived, or received. that level. Parties must evaluate any applicable contractual and Materials and information from any source,whether written or governmental limitations as well as market conditions,vacancy verbal, that may be furnished for review are not a substitute for factors and other issues in order to determine rents from or for a party’s active conduct of its own due diligence to determine the property. these and other matters of significance to such party. HBA & State Licensed Broker will not investigate or verify any such Legal questions should be discussed by the party with an matters or conduct due diligence for a party unless otherwise attorney. Tax questions should be discussed by the party with a agreed in writing. certified public accountant or tax attorney. Title questions should be discussed by the party with a title ocer or attorney. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT Questions regarding the condition of the property and whether INVESTIGATION AND DUE DILIGENCE. the property complies with applicable governmental Any party contemplating or under contract or in escrow for a requirements should be discussed by the party with appropriate transaction is urged to verify all information and to conduct engineers, architects, contractors, other consultants and their own inspections and investigations including through governmental agencies. All properties and services are appropriate third party independent professionals selected by marketed by HBA & State Licensed Broker in compliance with all such party. All financial data should be verified by the party applicable fair housing and equal opportunity laws. SUBHASH NAIK | Making Deals Happen HOTEL BROKERS OF AMERICA 661.978.3109 | [email protected] | CalBRE #01717362 HOLIDAY INN EXPRESS N. CENTRAL AUSTIN | TX 101-ROOM, INTERIOR CORRIDORS, AMENITIZED HOTELS TABLE OF CON TENTS EXECUTIVE SUMMARY ............................ 5 PROPERTY OVERVIEW. ..... ........................9 EXCLUSIVELY LISTED BY FINANCIAL OVERVIEW ......................... 17 MARKET OVERVIEW................... ............ 25 SUBHASH NAIK NITI NAIK ........................... Making Deals Happen Licensed Broker 661.808.4998 661.978.3109 [email protected] [email protected] CalBRE #01717362 TX Broker #735690 HOTEL BROKERS OF AMERICA America’s Hotel Brokers’ Broker www.HBofAmerica.com.com CALL FOR OFFERS HOLIDAY INN EXPRESS | AUSTIN 8500 N Interstate Hwy 35, Austin, TX 78753 HOTEL BROKERS OF AMERICA America’s Hotel Brokers’ Broker This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. For more information please contact Hotel Brokers of America. HOLIDAY INN EXPRESS AUSTIN EXECUTIVE SUMMARY America’s Hotel Brokers’ Broker Hotel Brokers of America is pleased to oer, on an exclusive basis, the opportunity to acquire this 101-room Holiday Inn Express (“Property” or “Hotel”), prominently located in Austin, Texas. Located o Interstate 35 and just 6 minutes from downtown Austin, Texas, this hotel's location and extra amenities combine to create an unforgettable stay for guests. This Holiday Inn Express is situated near businesses and attractions. Corporate guests appreciate convenient access to Apple Computers, Dell Computers, Applied Materials, Samsung and the Austin Convention Center. Furthermore, this hotel is minutes away from the Texas State Capitol and the LBJ Presidential Library. • ESTIMATED PIP COST: PRICE $150,000 OFFERING SUMMARY List Price: $10,000,000 Occupancy: 53.48% (Proj. 2020) ADR: $99.80 (Proj. 2020) PRICE NOI CAP RATE NOI $621,211 (Proj. 2020) $10,000,000 $621,211 5.53% Cap Rate: 5.53% (Proj. 2020) Revenue: $1,993,350 (Proj. 2020) SUBHASH NAIK | Making Deals Happen HOTEL BROKERS OF AMERICA 661.978.3109 | [email protected] | CalBRE #01717362 PROPERTY DESCRIPTION America’s Hotel Brokers’ Broker AMENITIES HIGHLIGHTS • Banquet/Conference Room • Free Breakfast Buet • Golf course on hotel grounds • Free Wifi Throughout • Fitness and health center • 24-Hour Front Desk • Outdoor Pool • Free Parking • Business Center • Sundries Shop • Laundry Services • Coee & Tea in Common Area SUBHASH NAIK | Making Deals Happen HOTEL BROKERS OF AMERICA 661.978.3109 | [email protected] | CalBRE #01717362 EXECUTIVE SUMMARY America’s Hotel Brokers’ Broker SUMMARY OF TERMS INTEREST OFFERED Hotel Brokers of America has been selected to exclusively market for sale Holiday Inn Express - Austin, TX. TERMS OF SALE Holiday Inn Express - Austin, TX is oered on an Open Bid basis. The net operating income figures for the Property assume a fiscal year starting 2020. Contact broker for historical operating documentation and any other third party reports. PROPERTY TOURS Prospective purchasers are encouraged to visit the subject properties prior to submitting oers. However, all property tours must be arranged with the Hotel Brokers of America listing agents. Please do not contact the tenants, on-site management or sta without prior approval property tours must be arranged with the Hotel Brokers of America listing agents. At no time shall the tenants, on-site management or sta be contacted without prior approval. SUBHASH NAIK | Making Deals Happen HOTEL BROKERS OF AMERICA 661.978.3109 | [email protected] | CalBRE #01717362 HOLIDAY INN EXPRESS AUSTIN A U S TIN A IRPORT PROPERTY OVERVIEW HOTEL BROKERS OF AMERICA PROPERTY DESCRIPTION America’s Hotel Brokers’ Broker PROPERTY DETAILS Building SF: 54,600 SF Lot Size : 2.09 acres Year Built: 2010 Floors: 3 Rooms: 101 Corridors: All Rooms Have Interior Hallways Occupancy: 53.48% Room Windows: Windows Do Not Open Suites: Yes- One and Two Bedrooms Meeting Rooms: Yes Dining Facilities: Free Breakfast Buet Fitness Center/Pool: Yes | Outdoor Average Daily Rate: $99.80 Star Class Rating 3-Star Holiday Inn Express features a range of amenities from spacious Guest Rooms & Suites, to the inviting outdoor swimming pool & a well-appointed fitness room, to serving a delicious, complimentary Fresh Start Breakfast daily. In addition to a 24-hour Business Center with free Wi-Fi access, there are two meeting rooms - the largest seats up to 30 guests-the smallest seats 10 guests. All of the guest rooms have spacious working desks with ergonomic chairs, and desk phones with speaker capabilities, data port, and voice mail. SUBHASH NAIK | Making Deals Happen HOTEL BROKERS OF AMERICA 661.978.3109 | [email protected] | CalBRE #01717362 COMPETITOR OVERVIEW MAP America’s Hotel Brokers’ Broker MARKET OVERVIEW MAP America’s Hotel Brokers’ Broker COMPETITOR CLOSEUP MAP America’s Hotel Brokers’ Broker CENTRAL BUSINESS DISTRICT 8 AERIAL IMAGE America’s Hotel Brokers’ Broker SUBHASH NAIK | Making Deals Happen 661.978.3109 | [email protected] | CalBRE #01717362 HOTEL BROKERS OF AMERICA PROPERTY PHOTOS America’s Hotel Brokers’ Broker SUBHASH NAIK | Making Deals Happen HOTEL BROKERS OF AMERICA 661.978.3109 | [email protected] | CalBRE #01717362 PROPERTY PHOTOS America’s Hotel Brokers’ Broker SUBHASH NAIK | Making Deals Happen HOTEL BROKERS OF AMERICA 661.978.3109 | [email protected] | CalBRE #01717362 HOLIDAY INN EXPRESS AUSTIN A U S TIN A IRPORT FINANCIAL
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