Unique Investment Opportunity Introduction This Information Memorandum (the “Memorandum”) is intended Table of Contents solely for the purpose of soliciting Process Offering Highlights expressions of interest from Property Overview qualified potential purchasers with Area Highlights respect to the sale of the Hockley Appendix Motel (the “Property” or “Motel”) from Pretty River Investments Inc. (the “Vendor” or “Owner”). The Owner has retained Colliers Hotels (“Colliers”) to act as its advisor and exclusive agent in connection with the sale of its fee simple interest in the Property. This document/email has been prepared by Colliers International o/a Colliers Hotels (“Colliers”) for advertising and general information only. Colliers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers and /or its licensor(s). 2 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix Process Transaction Overview Based on information contained in this Memorandum and other information that may be available upon request, interested parties are invited to submit a Letter of Intent (“LOI”). A form of LOI for the use by prospective purchasers for submitting an offer is available upon request. Bid Date Provided below are details on the call for offers process. Highest and Best Offers Due No Later Than Monday December 14, 2020 Expressions of interest to acquire the Property are due on Monday, December 14th, 2020 by 3:00 PM Eastern Standard Time to Colliers Hotels. To assist the Vendor and Colliers Hotels in reviewing acquisition proposals, at a minimum your proposal should include the following: • Purchase Price • Capitalization Structure and Source of Funds • Due Diligence and Closing Timeframe • Deposit Amounts • Conditions of Purchase and Contingencies, if any • Description of Purchasing Entity and Investment Approval Process, if any • Financing Plans and Assumptions Tours are available and encouraged. For due diligence requests or questions, please feel free to reach out to any of the team members at Colliers. The Vendor reserves the right to reject any or all offers. The acceptance of any offer shall be at the Vendor’s sole and absolute discretion. In addition, the Vendor may withdraw the Property from the sale process at any time without compensation to prospective purchasers related to pursuing the transaction. 3 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix Offering Highlights The Hockley Motel offers 10 rooms, which includes a two-storey manager's suite with three bedrooms, as well as a 700 SF cottage. Easily accessed to Canada’s most significant trading area, this ±6.7 acre site backs onto the picturesque Nottawasaga River and is surrounded by natural landscape. It is envisioned a new owner will renovate and reposition the existing structures as a lodging operation or long-term rental. Rosebud Motel from CBC’s Schitt's Creek Create a Unique Four Season Offering Well Located Just Outside Greater Toronto The Motel's exterior was famously used in The Property is currently not operational The Property offers refuge from the hustle Schitt’s Creek TV series that originally aired and a new owner has the ability to create and bustle of the big city, and is an easily on CBC and has since become internationally something special on the Site, capitalizing accessible escape from downtown Toronto distributed on Netflix. on new travel trends following COVID-19, It (1.5 hours), and an hour or less from other is anticipated travelers will be valuing safety major nearby trading cities, including Barrie, and cleanliness as well as unique experiences Collingwood and Guelph, among others. to enjoy nature and the outdoors. A capital Large ±6.7 Acre Site infusion in the guest rooms along with innovative technology for "contactless" The Property is set on an expansive site with Fully Unencumbered Opportunity ±1,265 feet of frontage on Hockley Road check-in and other mobile applications to The Property is being offered unencumbered surrounded by nature, including Nottawasaga enhance the overall guest experience in by brand and management, permitting River – a highly desirable fishing river for a more personalized yet safe way. Other maximum flexibility for a new investor to Rainbow Trout and Salmon – at the back of features could include adding an outdoor fire reposition the Property and create their own the site. The site is fully serviced and zoned as pit, picnic tables and other seating for guests brand, manage and maximize the Property's Niagara Escarpment Area. to congregate while enjoying the scenery. unique characteristics. 4 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix Offering Highlights The Property is featured in a filming location database and is an ideal setting for TV or movie production. The Site has been featured in: • Schitt’s Creek (Canadian television sitcom created by Dan and Eugene Levy; the series’ 6th and final season swept all seven major comedy awards). • A History of Violence (2005 American action-thriller film). • 11.22.63 (American science fiction thriller miniseries based on the 2011 novel 11/22/63 by Stephen King). • Umbrella Academy, an Amazon original (American superhero series). Boutique Motel Opportunity Long Term Rental Opportunity A popular area for adventure seeking and outdoor A new owner could also explore renovating the activities, the Hockley Motel has strong potential to rooms and renting them out on a long-term basis. be overhauled and reimagined to offer something Housing could be a very logical use for the Site and special in the area. All rooms have a kitchenette and as summarized on page 9, rents in Orangeville/Mono offer outdoor access to the rooms in a traditional are in the $1,000 per unit range. motel concept, which is ideal given travel trends following the COVID-19 pandemic. There is an opportunity to target long-term stay and capitalize on “working remotely” and leisure trips in a setting where guests can enjoy plenty of open space and outdoor activities nearby. 5 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix Property Overview Nottawasaga River Offering Snapshot Address 308399 Hockley Road, Mono, Ontario Interest Fee Simple Legal PT LT 12, CON 7 EHS, PT 1, 7R1913; MONO; COUNTY OF Description DUFFERIN Zoning NEC – Niagara Escarpment Development Control Area Site Size ±6.7 acres (291,852 square feet) Cottage Storage Shed Frontage ±1,264.21 feet on Hockley Road 700 SF Year Built Circa mid 1960s Storeys One (with a two storey section) Buildings • Motel Building with 6 guest keys and two-storey and Keys manager’s suite with 3 bedrooms (3,600 SF) • Cottage (1 guest key, 700 SF) Covered Deck • Storage Shed • There is also a stable on the far east side of property and could be used for livestock (not shown on the Second floor of Manager’s diagram opposite) 1 7 Suite not shown Parking Parking is located at the front of the building and is unpaved Notes: All areas to be confirmed by purchaser. The Motel is known as the 2 3 4 5 6 Storage Hockley Motel and does not have trademarks for Rosebud or any other Storage name associated to TV or other media productions. 6 Colliers Hotels Motel Building 3,600 SF Process Offering Highlights Property Overview Area Highlights Appendix Property Overview The Motel The Motel is not currently in operation and guest rooms are not furnished. The Motel structure is built with poured concrete foundation with masonry brick and aluminum siding exterior and windows are double glazed. Photos of the two-storey manager's suite are shown opposite/below. The first floor contains a lobby/reception area, utility room, storage and kitchen areas. The second storey contains a bathroom, living room and three bedrooms. 7 Colliers Hotels Process Offering Highlights Property Overview Area Highlights Appendix WASAGA BEACH Area Highlights COLLINGWOOD Lake BARRIE Simcoe KAWARTHA Location Overview Drive Times (from Hockley Motel) LAKES Known as “The Heart of the Headwaters”, the Property Mono 5 MINUTES 400 GEORGINA is located in Mono, Ontario, a rural town situated just Orangeville 15 MINUTES NEW TECUMSETH outside of Orangeville only one hour from downtown Brampton 40 MINUTES Toronto. With a population of nearly 30,000 combined Toronto Pearson Airport 50 MINUTES between Mono and Orangeville, the local area is well Guelph 55 MINUTES known for its country charm, stunning natural scenery. Barrie 60 MINUTES 12 PETERBOROUGH 60 MINUTES MONO Downtown Toronto 9 NEWMARKET UXBRIDGE Mono is located just minutes north of the Greater ORANGEVILLE Toronto Area (“GTA”, “Toronto” or “City”). Toronto serves as Canada’s corporate capital and is recognized Popular attractions in Mono 404 for its diverse population of over six million people. include the Hockley Valley FERGUS 10 The City is home to the third largest population in Resort, complete with ski hill VAUGHAN MARKHAM North America after New York City and Los Angeles and golf course, the Adamo ELORA and is widely recognized as one of the most multi- Estate Winery and the Mono OSHAWA BRAMPTON cultural and cosmopolitan cities in the world. Cliff Provincial Park, among AJAX 401 other popular points of TORONTO PORT HOPE GUELPH interest. Greater Toronto Area Accessibility View Google Maps for other KITCHENER 401 MISSISSAUGA One-Hour Drive The Property is only a one-hour drive from downtown amenities in the vicinity of Downtown Toronto’s financial core. Highway 10 provides a direct the Hockley Motel CAMBRIDGE southeasterly connection to Toronto’s primary east/ Lake Ontario west thoroughfares, including Highway 401 (one of North America’s busiest traffic arteries) and Highway 407, as well as the Queen Elizabeth Way (QEW).