About Us o Local , family-owned company with long-term hotel investments o Proven upscale independent hotel operator o Celebrated vintner and restauranteur o Coastal California entitlement & development experience o Ability to create a destination 4- star hotel and a resort market for Ventura WATERFRONT HOTEL (Working Project Name) Santa Barbara, CA
THE FESS PARKER A Doubletree By Hilton Resort Santa Barbara, CA FESS PARKER WINE COUNTRY INN LVX Preferred Hotel Los Olivos, CA
SIMPSON HOUSE INN Santa Barbara, CA PANTAI INN & COTTAGES La Jolla, CA
FARMHOUSE INN LVX Preferred Hotel Sonoma County, CA THE BEAR AND STAR Los Olivos, CA SIERRA MAR Big Sur, CA Cultura Comida Y Casanova Bebida Carmel, CA Carmel, CA o Harbor Cove Beach location deserving of a special hotel
o Ventura deserves a 4-Star destination resort o High-end alternative to Santa Barbara hotels o Lodge/hybrid hostel for adventurous travelers MARKET o Projects bookend the existing harbor hotel offerings ANALYSIS o Primarily Los Angeles drive market Ventura Harbor Hotels o Domestic & international guests via LAX o Primarily all leisure guests with expendable income o Demographics allow for weekday and year-around travel
o Revenue projections may be conservative
o Increased room count from 30 to 40 o 28 private and 12 semi-private rooms with quad accommodations
o Communal gathering room with fireplace
PARCEL 5 o All parking provided between both sites Adventure – 23 stalls (on parcel 5) Lodge Shuttle to train and bus stations PROGRAMMING o o Outdoor public picnic area along Harbor Walk
o Easy access to Harbor Village restaurants and shops o Close ties with Island Packers and National Park Service
o Adventurous & worldly travelers – domestic & international
PARCEL 5 o Singles, couples and friends – Adventure part of the sharing economy Lodge PROGRAMMING o Travelers coming to explore where modest accommodations are fine
o Managed collectively with the Parcel 8 resort hotel o Amazing oceanfront and harbor location o 64 rooms – all with ocean views o All parking provided on site – 130 cars PARCEL 8 o Market ADR and service/quality leader Harbor Cove o Marketed to active families and couples Inn & o Two chef-defined restaurant offerings. Restaurant Refined dining & beach casual. PROGRAMMING o Casual patio dining and bar with live music. Wine, craft beer and resort cocktails. o Premier venue for small catered events & weddings in Ventura
o Rooftop pool, sun deck and fitness center
PARCEL 8 o Daily yoga and fitness classes Harbor Cove o Beach activities and beach club Inn & program
Restaurant o Guided hikes and educational PROGRAMMING programs on local ecology & marine biology
o Close ties with Channel Islands National Park & Visitors Center
Parcel 8 HARBOR COVE INN & RESTAURANT Stabilized 4th Year
• Occupancy - 75.0% • Average Daily Rate - $310.87 MARKET • RevPAR - $233.15 OPPORTUNITY • Room Revenue - $5,446,433 • F&B Revenue - $3,854,754 • Ventura TOT - $544,643 Parcel 5 ADVENTURE LODGE Stabilized 4th Year
• Occupancy - 76.0% • Average Daily Rate - $167.19 MARKET • RevPAR - $127.06 OPPORTUNITY • Room Revenue - $1,855,094 • Ventura TOT - $185,509 VENTURA HARBOR ADVENTURE LODGE PARCEL 5 THE GOODLAND A Kimpton Hotel THE WAYFARER Santa Barbara, CA THE WAYFARER Santa Barbara, CA THE WAYFARER Santa Barbara, CA ADVENTURE LODGE Parcel 5
Site Location ADVENTURE LODGE SITE & FIRST FLOOR PLAN
SECOND FLOOR PLAN
AMENITIES INCLUDE : o 2 story +/- 21,600 GSF Lobby/ Living room PARCEL 5 o o 28 private & 12 semi-private Communal kitchen & Project rooms o Statistics BBQ 23 on-site parking spaces o o Private deck with hot tub o 2,000 SF public pocket park Gt ld ADVENTURE LODGE - INSPIRATIONAL IMAGERY ADVENTURE LODGE - INSPIRATIONAL IMAGERY ADVENTURE LODGE View from Harbor HARBOR COVE INN PARCEL 8 FOUR SEASONS BILTMORE RITZ CARLTON Half Moon Bay TERRANEA RESORT Rancho Palos Verdes THE CLEMENT MONTEREY WATERFRONT Redondo Beach, CA SHUTTERS ON THE BEACH Santa Monica, CA MONTAGE Laguna Beach Site Location
Harbor Cove Beach HARBOR COVE INN Parcel 8 PARCEL 8 Project Statistics
o 3 story +/- 64,200 GSF hotel o 64 hotel rooms (10 suites) o 130+ parking spaces o Amenities include public on- site restaurant(s), lobby lounge, fitness room, events pavilion and roof top pool terrace Water taxi dock and SITE & FIRST FLOOR PLAN o boardwalk HARBOR COVE INN Beach Café HARBOR COVE INN Band on Deck THIRD SECOND FLOOR FLOOR PLAN PLAN HARBOR COVE INN Looking Towards Mountains o Local, family-owned company with a long- term ownership perspective o Proven upscale hotel operator, celebrated vintner, and quality restauranteur o Extensive Coastal California entitlement and development experience o Thoughtfully conceived project proposals combine to assure entitlement success o Proven ability to help the Harbor realize its potential o Ability to create a destination 4-star hotel and resort market in Ventura o Provide a compelling reason for resort guests to get off Hwy 101 in Ventura