Tree Tops at Mt. Airie An Upscale Resort Development Pete Dye

Tree Tops at Mt. Airie An investment opportunity to develop a luxury glamping resort on a 17.51 acre spacious hilltop development site. Tree Tops is located directly adjacent to the internationally acclaimed Pete Dye Golf Course in French Lick, , making it one of the premier addresses in Orange County, Indiana.

Aerials and Location

Proximity to Major Cities

Pop: 2.7 M

Pop: 271,000 4-5 Hrs

Pop: 876,000 Pop: 922,000 2-3 Hrs

2 Hrs Pop: 86,000 Pop: 306,000 Pop: 294,000 1.15 Hrs

1 Hr

Pop: 625,000

Pop:329,000

Strengths of Investment

• Potential Product Types: Vacation Rentals, Cabins, Modular Homes, RV living and parking, Camping

• Desirable Location- The site is well located south of U.S. Route 150 in the Township of West Baden Springs, directly adjacent to the Township of French Lick. The area is home to the historic Riviera of the , a classic and still-growing vacation destination. - French Lick has two world class golf courses: The Pete Dye Course at French Lick, and the Course at French Lick - Nearby casino, restaruants, hot springs, hiking trails, and the Hoosier National Forest provide a multitude of activities drawing vacationers from all over the mid-west

• Strong market that is hungry for new prdocut as there is an extremely limited supply of luxury glamping sites available in the region

• Tree Top Resort will be the only luxury alternative to the nearby hotel and the only project to offer camping and overnight RV living in the greater area

• The proposed Mid-States Corridor Project, also known as the French Lick Parkway, is an Indiana State project to create improved highway connection through southern Indiana and is forecaseted to generate up to 700 jobs and create growth within the area

Investment Highlights

• 17.75 acre parcel of land Proposed Development

• No Zoning Restrictions Number of Units 101 Cabins 62 • 101 full-hookup camping sites, with a free RV Sites 36 standing common area building which Vintage Airstreams 3 includes leasing, a general store, fireside lounge, and indoor/outdoor event space Stabilized Yield 9.89%

• Luxury amenities- full-size bathrooms, 3 Year Cash/Cash Return 20.69% queen beds, private decks, luxury linens, flat-screen TV’s, propane grill and picnic Debt Yield 12.37% table, free WiFi and full kitchen with cooking and serving supplies Development Costs $12,963,070

• RV sites range from 90-feet deep Permanent Equity $2,592,614 equestrian pull though, standard 60-foot sites, and intimate 30-foot pads for SUVs Exit Pricing $19,760,355 at 6.5% cap and tents % Increase over Development Costs 52.2%

For Additional Information

Mark K. Salma Executive Vice President Tallen Capital Partners, LLC

275 Medical Dr. #394 Carmel, IN 46032

Office 317-853-6580 Mobile 562-712-6262 [email protected]

Fly Through of Property https://www.youtube.com/watch?v=SAdm0tT11Xw&fea- ture=emb_logo

Link to our Website: https://tallencapital.com/

Tree Tops at Mt. Airie | French Lick, IN