HOLIDAY INN EXPRESS & SUITES PAMPA 3119 Perryton Pkwy Pampa, TX 79065

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1 3119 Perryton Pkwy Pampa, TX

2 EXECUTIVE SUMMARY VITAL DATA Price $2,800,000 Down Payment 21.2% / $593,600 Loan Amount $2,240,000 Loan Type Proposed New Interest Rate / Amortization 6.00% / 25 Years Price/Room $40,580 Ownership Type Fee Simple Number of Rooms 69 Rentable Square Feet 38,181 Number of Buildings 1 Number of Stories 3 Year Built 2006 Lot Size 2.08 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES Jordan Unit 300 Golden Phoenix Center 275 Walmart 156 Cabot 140 United Supermarkets Albertsons W T L 100 Petco Petroleum Corporation 98 Pampa Junior High School 91 Pampa High School 90 Coronado Community Hosp Inc 79 Frontier Fuel Co 78 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 2,191 16,238 20, Census Pop 2,131 15,678 20, Estimate HH 914 6,466 7, Census HH 895 6,266 7,443 Median HH Income $71,862 $52,007 $48,838 Per Capita Income $36,525 $26,213 $23,157 Average HH Income $87,485 $65,148 $62,217 # 2

3 INVESTMENT OVERVIEW Marcus & Millichap's National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Holiday Inn & Suites Pampa. The property is a 69-room, interior corridor, three-story hotel located in Pampa, Texas, approximately one hour northeast of Amarillo, Texas, directly off of Highway 70. The Holiday Inn Express Pampa is being offered at 2.90 times the July 2017 trailing twelve months revenue. Offered at a list price of $2.8M, or $40,580 per key, the hotel is being offered significantly below replacement cost. Current ownership purchased the asset in The hotel experienced extensive renovations in New ownership will be required to complete Formula Blue PIP as mandated by IHG. PIP cost estimation ranges from $950K-$1.50M. Recent Capital Improvements: New Carpet: Fitness Room, Elevator, Breakfast Area New Gym Equipment LED Lights Inside/Outside Wireless Network Upgrade New Pillows Swimming Pool Area Painted and Floor Refinished INVESTMENT HIGHLIGHTS 69-Room, Interior Corridor, Midscale Hotel Priced Below Replacement Cost Built In 2006, Recent Renovations in 2013 Offered at 2.92 RRM TTM July 2017 Located Directly Across From Pampa Regional Hospital Located 55 Miles from Amarillo 3

4 PROPERTY OVERVIEW Property Overview: The Holiday Inn Express & Suites is a 69-room, interior corridor, limited service, mid-scale hotel located in Pampa, Texas. Built in 2006, this three-story hotel has a wood frame structure with stone and EIFS/stucco exterior facade. The hotel features modern finishes throughout. Public spaces, including the lobby, breakfast area, and fitness center, were recently renovated in Room amenities include a 32-inch flat screen television, microwave, refrigerator, and an activity table/work desk. Location Overview: Pampa, Texas is a city positioned in the panhandle, less than one hour northeast of Amarillo, Texas. The Holiday Inn Express & Suites Pampa is located directly next to the Pampa Regional Medical Center and Hospital. Located just off Highway 70, the property is convenient to local attractions such as the Gray County Fairgrounds, the White Deer Land Museum and Hidden Hills Public Golf Course. Nearby companies include National Oilwell Varco, Halliburton, Celanese Chemicals Division, and the Cabot Corporation. The city of Pampa has a diverse industrial base. The industries in the area include oil and gas production, various petroleum-based industries, cattle, and grain production. There are specialized chemical and carbon black plants as well as a carbon black research and development facility.the location offers a good mix of both corporate & transient business. Pampa is located near a federal prison and there is additional demand from nearby wind farms, youth league sports, and agricultural related business. Common Area Amenities Indoor Heated Pool Laundry Facilities Fitness Center - Renovated 2013 Meeting Facilities Breakfast Bar with Dining Area Guest Room Amenities High Speed Wireless Internet Access (Please do not list Iron Brd or Cfee Maker in Flat Screen Television Mini-Refrigerator Microwave # 4

5 PROPERTY SUMMARY THE OFFERING Property Holiday Inn Express & Suites Pampa Price $2,800,000 Property Address 3119 Perryton Pkwy, Pampa, TX SITE DESCRIPTION Number of Rooms 69 Year Built/Renovated 2006 Lot Size 2.08 Acre(s) PROPOSED FINANCING FIRST TRUST DEED Loan Amount $2,240,000 Loan Type Proposed New Interest Rate 6.00% Amortization 25 Years Loan Term 25 Years Loan to Value 80% Debt Coverage Ratio 1.39 SECOND TRUST DEED Loan Type All Cash 5

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