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Ramada Plaza Albany 3 Watervliet Avenue Exit, Albany, New York 12206 Offering Memorandum

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Ramada Plaza Albany 3 Watervliet Avenue Exit, Albany, New York 12206 Offering Memorandum RAMADA PLAZA ALBANY 3 WATERVLIET AVENUE EXIT, ALBANY, NEW YORK 12206 OFFERING MEMORANDUM EXCLUSIVELY LISTED BY: SWON HOTEL GROUP NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. EXCLUSIVELY LISTED BY: NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. OFFICES NATIONWIDE AND THROUGHOUT CANADA WWW.MARCUSMILLICHAP.COM JERRY SWON First Vice President Investments National Hospitality Group Manhattan Office Direct: 212-430-5219 Mobile: 908-625-6934 [email protected] RAMADA DANIEL ZAGORIA PLAZA Senior Associate National Hospitality Group ALBANY Manhattan Office Direct: 212-430-5211 Mobile: 404-401-6006 [email protected] EXCLUSIVELY LISTED BY: WILLIAM NOLLMANN SWON HOTEL GROUP Associate National Hospitality Group Manhattan Office Direct: 646-805-1460 OFFICES NATIONWIDE AND THROUGHOUT CANADA Mobile: 646-483-3765 [email protected] WWW.MARCUSMILLICHAP.COM TABLE OF CONTENTS EXECUTIVE SUMMARY 1 Offering Summary • Vital Data • Annualized Operating Data • Executive Summary • Investment Overview • Summary Of Terms PROPERTY DESCRIPTION 9 Features / Amenities • Local / Regional Map • Area Attractions 15 FINANCIAL OVERVIEW Market Trend • RevPAR Comparison • Profit & Loss Summary • STR Report COMPETITVE PROPERTY SET 30 Competitive Properties Map • Competitive Properties 33 MARKET OVERVIEW Demographic Summary • Market Overview EXCLUSIVELY LISTED BY SWON HOTEL GROUP 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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap ACT ID ZAA0331517 EXECUTIVE SUMMARY RAMADA PLAZA ALBANY RAMADA PLAZA ALBANY // EXECUTIVE SUMMARY RAMADA PLAZA ALBANY // g HILTON GARDEN INN RIVERHEAD // COMPETITIVE PROPERTY SET COMPETITIVE PROPERTY GARDEN INN RIVERHEAD // HILTON RAMADA PLAZA ALBANY // EXECUTIVE SUMMARY RAMADA PLAZA ALBANY // RAMADA PLAZA ALBANY 111 OFFERING SUMMARY OFFERING SUMMARY Purchase Price $6,900,000 Down Payment $2,070,000 / 30% Total Number of Rooms 215 Occupancy 27.6% ADR $83.33 RevPAR $23.00 Year Built 1972 Number of Stories 9 Type of Ownership Fee Simple Lot Size 5.40 Acres Zoning MU-CH VITAL DATA Cap Rate 1.1% Room Revenue Multiplier 3.8 RAMADA PLAZA ALBANY Price/Room $32,093 RAMADA PLAZA ALBANY // EXECUTIVE SUMMARY RAMADA PLAZA ALBANY // ANNUALIZED OPERATING DATA INCOME 2018 % OF GR SET COMPETITIVE PROPERTY GARDEN INN RIVERHEAD // HILTON Room Revenue $1,804,918 83.3% Other Revenue $360,941 16.7% Gross Revenue $2,165,859 100.0% Total Expenses $2,091,096 96.5% Net Operating Income $74,763 3.5% I 2 INVESTMENT OVERVIEW HILTON GARDEN INN RIVERHEAD // COMPETITIVE PROPERTY SET COMPETITIVE PROPERTY GARDEN INN RIVERHEAD // HILTON Marcus & Millichap has been chosen to exclusively market for sale the Ramada Plaza Albany is a nine-story 215-room hotel located adjacent to Interstate 90 in Albany, New York. The hotel is within close proximity to busy downtown Albany, and area attractions including University at Albany, Empire State Plaza, and New York State Capitol. Hotel amenities RAMADA PLAZA ALBANY // EXECUTIVE SUMMARY RAMADA PLAZA ALBANY // include: seven meeting rooms totalling over 6,000 square feet of event space, indoor and outdoor pools, business center, event planning services, restaurant, and bar. Guestrooms feature a television, kitchenette, coffee/Tea Maker, and daily housekeeping. RAMADA PLAZA ALBANY FRANCHISE Ramada by Wyndham has been making moves on a global scale for over 60 years. With more than 800 mid- and upper-midscale full-service hotels spanning 63 countries, it’s one of the most recognised hotel brands in the world. Ramada’s deep passion for delivering meaningful hospitality shines through its charming pops-of-red at every hotel touchpoint, from bright-red accent walls and flush lighting to rosy seat cushions and blushing bed toppers. With the most airport locations globally of any Wyndham brand, it’s the preferred choice of world travelers. Combining an impressive global footprint with strong brand awareness and an impressive portfolio of properties, this brand provides owners with excellent options for new construction or conversion. INVESTMENT SUMMARY The Ramada Plaza Albany represents the opportunity to acquire a well-maintained hotel located in a stable market. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth. TERMS OF SALE The Ramada Plaza Albany is offered at $6,900,000 based on a capitalization rate of 1.1 percent. Historic operating documentation and third party reports may be found in the online document data portal. 3 RAMADA PLAZA ALBANY RAMADA PLAZA ALBANY // EXECUTIVE SUMMARY RAMADA PLAZA ALBANY // HILTON GARDEN INN RIVERHEAD // COMPETITIVE PROPERTY SET COMPETITIVE PROPERTY GARDEN INN RIVERHEAD // HILTON I 4 HILTON GARDEN INN RIVERHEAD // COMPETITIVE PROPERTY SET COMPETITIVE PROPERTY GARDEN INN RIVERHEAD // HILTON RAMADA PLAZA ALBANY // EXECUTIVE SUMMARY RAMADA PLAZA ALBANY // RAMADA PLAZA ALBANY 555 3 WATERVLIET AVENUE EXIT ALBANY, NEW YORK 12206 INVESTMENT HIGHLIGHTS ► Conveniently located off Interstate 90 - Busy Thoroughfare Spanning as Far West as Seattle, Washington and as Far East as Boston, Massachusetts ► Area Attractions - University at Albany, Albany Medical Center Hospital, Downtown Albany, Empire State Plaza, Albany International Airport, Rennsselear Polytechnic Institute, New York State Museum, Crossgates Mall, Times Union Center, The Egg PROPERTY TOURS Prospective purchasers are encouraged to visit the subject property prior to submitting offers. However, all property tours must be arranged with the Marcus & Millichap listing agents. Please do not contact the tenants, on-site management or staff without prior approval. INTEREST OFFERED Fee simple interest in the Ramada Plaza Albany, a 215-room hotel located at RAMADA PLAZA ALBANY 3 Watervliet Avenue Exit, Albany New York 12206. RAMADA PLAZA ALBANY // EXECUTIVE SUMMARY RAMADA PLAZA ALBANY // PROPOSED FINANCING FINANCING SET COMPETITIVE PROPERTY GARDEN INN RIVERHEAD // HILTON Loan Amount $4,830,000 Loan Type Proposed New Interest Rate 5.00% Amortization 25 Years Loan information is time sensitive and subject to change. Contact your local Marcus & Millichap Capital Corporation representative. I 6 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,
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