$50,000, Units All Suites First time on the market. FOR SALE. Hotel & Extended Stay.

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1 $50,000, Units All Suites First time on the market FOR SALE Hotel & Extended Stay Las Vegas, Nevada

2 6555 Boulder Highway, Las Vegas, NV 89122

3 TABLE OF CONTENTS P/05 Property Overview P/06 Investment Highlights P/09 Property Summary P/10 Las Vegas Overview

4 MCCARRAN INTERNATIONAL AIRPORT LAS VEGAS STRIP RUSSELL ROAD BOULDER STADIUM SHOPPING CENTER IN ESCROW BOULDER HIGHWAY SILVERBOWL SOCCER PARK 4 Colliers International Las Vegas Siena Suites Hotel

5 PROPERTY OVERVIEW Just 8.5 miles from the Strip and located within a booming growth area, Siena Suites is a 600 unit all suite hotel with strong current cash flow and the potential for significant upside. - First time on the market all-suite property just 8.5 miles from the Las Vegas Strip - The property includes 2 resort-style pools - Newest property constructed in the submarket - Unencumbered by franchise agreement - Over $2.5 million in property upgrades since All 1 bedroom and 2 bedroom suites with kitchens - Oversized rooms of 479 sf and 728 sf - Adjacent to the Silver Bowl Football stadium - Well maintained property Colliers International Las Vegas Siena Suites Hotel 5

6 ASKING: $50,000,000 80% Occupancy This well constructed and ideally located property attracts a diverse base of visitors INVESTMENT HIGHLIGHTS - Steady gross revenue growth projected to hit $8.2 million in Gross revenue has increased every year since 2012, growing 22% - Current Las Vegas ADR is $130 - Current ADR is $43 which demonstrates significant room for rent growth - Estimated EBITA $3.7 million before Capex - Time-share conversion opportunity 600 Units All Suites 6 Colliers International Las Vegas Siena Suites Hotel

7 6555 BOULDER HIGHWAY, LAS VEGAS, NV Colliers International Las Vegas Siena Suites Hotel 7

8 PROPERTY SUMMARY 600 Rooms bedroom / bedroom suites with kitchens First phase opened 2004 Second phase opened acre fully landscaped site Parking: 583 spaces Buildings: fourteen (14) 3-story buildings Amenities: fitness center, laundry facilities, two outdoor resort pools 8 Colliers International Las Vegas Siena Suites Hotel

9 RUSSELL ROAD 8.5 miles to the Las Vegas Strip SAM BOYD STADIUM WETLANDS PERSERVE 95 UNION VILLAGE MEDICAL CENTER COWABUNGA BAY WATER PARK GALLERIA DRIVE TUSCANY VILLAGE SUNSET ROAD GALLERIA MALL 2,200 ACRE CADENCE DEVELOPMENT BOULDER HIGHWAY 13,250 RESIDENCES PLANNED LOCATION OVERVIEW Located at 6555 Boulder Highway, just 8.5 miles from the Las Vegas Strip and McCarran International Airport, with close proximity to the 100 acre Silver Bowl Sports Complex and Sam Boyd Stadium, Lake Mead, Hoover Dam, and a growing Lake Las Vegas Resort; SIENA SUITES HOTEL IS POSITIONED AT THE CENTER OF TREMENDOUS AREA GROWTH. WARM SPRINGS ROAD LAKE MEAD PARKWAY Colliers International Las Vegas Siena Suites Hotel 9

10 10 Colliers International Las Vegas Siena Suites Hotel

11 A SIGNIFICANT TOURIST AND CONVENTION DESTINATION LAS VEGAS OVERVIEW 42 million visitors a year (proj. 2018) and growing #1 Convention destination in the USA 23 years in a row 89% Average occupancy in 2017 Projected to be over 90% in 2018 Colliers International Las Vegas Siena Suites Hotel 11

12 600 all-suite property just 8.5 miles from the Las Vegas Strip ASKING: $50,000,000 FOR SALE * Please do not disturb hotel employees. Contact Brokers before visiting property MIKE MIXER, owner-licensee Executive Managing Director Las Vegas mike.mixer@colliers.com DHARMESH PATEL Executive Managing Director Hotels, USA dharmesh.patel@colliers.com Colliers International ( Broker ) has been engaged as the exclusive agent for the sale of The Siena Suites Hotel in Las Vegas, NV, by Russell Boulder LLC ( Seller ). Property is being offered for sale in an as-is, where-is condition and Seller and Broker make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. Neither the enclosed materials nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed, should be registered with Broker as a Registered Potential Investor or as Buyer s Agent for an identified Registered Potential Investor through the execution of the Confidentiality Agreement. The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the confidentiality agreement furnished by Broker prior to delivery of this Offering Memorandum.