RED ROOF INN LACKLAND 6861 W US Highway 90 San Antonio, TX 78227

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1 6861 W US Highway 90 San Antonio, TX

2 EXECUTIVE SUMMARY VITAL DATA 2016 YEAR 1 Net Operating Income $382,858 $670,797 Loan Type All Cash Total Return 0.00% / $382, % / $670,797 Ownership Type Fee Simple Number of Rooms 156 Rentable Square Feet 8,820 Number of Buildings 2 Number of Stories 2 Year Built 1985 Lot Size 2.77 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES Boeing 6,718 Usaf Medical Center 4,000 Wilford Hall Medical Center 3,025 S W R I 2,683 Air Force US Dept of 2,570 Afiwc/Scs 1,200 Esparza Elementary School 800 US Dept of Air Force 762 Benefits Insurance Division 500 McDonalds 453 Budco of San Antonio 400 Nsga 400 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 15,393 85, , Census Pop 14,437 79, , Estimate HH 3,420 23,845 81, Census HH 3,241 22,383 76,205 Median HH Income $31,583 $38,781 $41,187 Per Capita Income $9,192 $14,383 $15,894 Average HH Income $39,514 $46,743 $51,272 # 2

3 INVESTMENT OVERVIEW This investment offering includes a 93 rooms Red Roof Inn and a 63 rooms independent hotel called Q Lodging, located adjacent to the Red Roof Inn Lackland. The hotels are situated on the same plat. Both hotels cumulatively produced approximately $1.26M in room revenue during 2016 and a net operating income of about $585k. The properties are offered for sale at $3.9M which equates to $25,000 per room. The independent hotel can also be re-branded with an economy franchise, thus presenting a revenue upside opportunity for a prospective buyer. Currently the hotel is inefficiently managed by its absentee-owner who is located in the West Coast. At asking price, the subject dual-property presents a 15 percent cap rate investment opportunity; and a much higher cash on cash returns on a leveraged basis. INVESTMENT HIGHLIGHTS Two-Property Hotel Portfolio Red Roof Inn - 93-Room, Exterior Corridor, Economy Hotel Q Lodging - 63-Room, Exterior Corridor, Independent Hotel Located Right Off U.S. Highway 90 Approximately One Mile from Lackland Air Force Base 3

4 PROPERTY OVERVIEW Property Overview: Red Roof Inn Lackland is a 93-room, exterior corridor, limited service hotel. The property is situated at the intersection of Military Drive and US Highway 90 in San Antonio, Texas. This two-story hotel features outdoor parking, outdoor swimming pool, business center, fitness room, coin laundry facilities, snack center and wireless Internet access. Each room comes with air conditioning, mini refrigerator, microwave, coffee maker, iron with ironing board and cable TV. Located on the same lot is an additional independent hotel, currently operating as Q Lodging Motel. Q Lodging Motel is a 63-room, exterior corridor, independent hotel. This two-story property is included in the sale of the Red Roof Inn Lackland. Both hotels are located on a single plat, although they have separate entrances and common area. Location Overview: San Antonio is the seventh-most populated city in the United States and the second-most populous city in the state of Texas, with a population of 1,409,019. Demand for rooms in this market is driven by San Antonio's multiple attractions, large employers, and ample hospitals, schools, and universities. The subject hotels are less than ten miles west of popular tourist attractions in downtown San Antonio such as the Alamodome, the Alamo and the famous River Walk. The properties are located approximately one mile from Lackland Airforce Base and less than five miles from JBSA-Lackland and Medina Training Annex. Regular Graduation events boost room revenue nights for both properties. Common Area Amenities Outdoor Pool Fitness Center Business Coin Laundry Wireless Internet Access Guest Room Amenities Air Conditioning Microwave & Refrigerator Coffee Maker Iron & Ironing Board Cable TV # 4

5 PROPERTY SUMMARY THE OFFERING Property Red Roof Inn Lackland Price Request for Offers Property Address 6861 W US Highway 90, San Antonio, TX SITE DESCRIPTION Number of Rooms 156 Year Built/Renovated 1985 Lot Size 2.77 acre(s) PROPOSED FINANCING FIRST TRUST DEED Loan Type SECOND TRUST DEED Loan Type All Cash All Cash 5

6 PROPERTY PHOTO Marcus & Millichap closes more transactions than any other brokerage firm. FOR MORE INFROMATION CALL: Chris Gomes Senior Managing Director Investments, National Hospitality Group Office: (512) Mobile: (972) Allan Miller First Vice President Investments Senior Director, National Hospitality Group Office: (512) Mobile: (512)