QUALITY INN MCKINNEY 1300 N Central Expy McKinney, TX 75070

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Pamela Harmon
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1 QUALITY INN MCKINNEY 1300 N Central Expy McKinney, TX

EXECUTIVE SUMMARY VITAL DATA YE 2016 YEAR 1 Price $6,200,000 CAP Rate 9.68% 10.13% Net Operating Income $610,269 $628,173 Down Payment 20% / $1,240,000 Net Cash Flow After Debt Service 17.

00% / 25 Years Price/Room $62,000 Ownership Type Fee Simple Number of Rooms 100 Rentable Square Feet 47,200 Number of Buildings 1 Number of Stories 2 Year Built 1980 Lot Size 3.

2 EXECUTIVE SUMMARY VITAL DATA YE 2016 YEAR 1 Price $6,200,000 CAP Rate 9.68% 10.13% Net Operating Income $610,269 $628,173 Down Payment 20% / $1,240,000 Net Cash Flow After Debt Service 17.77% / $220, % / $238,302 Loan Amount $5,042,560 Total Return 25.01% / $310, % / $328,061 Loan Type Proposed New Interest Rate / Amortization 6.00% / 25 Years Price/Room $62,000 Ownership Type Fee Simple Number of Rooms 100 Rentable Square Feet 47,200 Number of Buildings 1 Number of Stories 2 Year Built 1980 Lot Size 3.81 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES Texas Roadhouse 5,014 Administrative Services 1,400 McKinney Healthcare Assoc 900 Collin Cnty Cmnty College Dst 867 County of Collin 829 Encore Wire Corporation 787 Raytheon 634 Collin Cnty Sheriffs Ofc 400 Fisher Regulators 400 Sheriffs Office 400 County Jail 372 City of McKinney 371 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 11,618 64, , Census Pop 9,634 53, , Estimate HH 4,258 20,984 42, Census HH 3,570 17,518 35,276 Median HH Income $49,403 $58,855 $80,300 Per Capita Income $25,793 $28,281 $35,561 Average HH Income $69,737 $85,749 $106,108 # 2

INVESTMENT OVERVIEW The Quality Inn in McKinney Texas, is a 100-room, exterior corridor hotel located in McKinney Texas, directly off Central Expressway (Highway 75).

3 INVESTMENT OVERVIEW The Quality Inn in McKinney Texas, is a 100-room, exterior corridor hotel located in McKinney Texas, directly off Central Expressway (Highway 75). McKinney is a northern suburb of Dallas, Texas, and is located just 30 miles north of Dallas downtown. The hotel went through a renovation in 2017 which included replacement of carpet, draperies, bedding, LED lighting, air-conditioners (partial), bath tubs resurfacing, lowflow toilets (partial), full lobby and ballroom upgrade. The hotel features an outdoor swimming pool, breakfast area, meeting space, ample parking, and a fitness room. The property is presented in the marketplace for sale at $6.2M, or $62,000 per room which is significantly below replacement cost. The cap rate at list price is approximately 9.68 percent with a cash-on-cash return of about 19 percent, based on moderate leverage. INVESTMENT HIGHLIGHTS 100-Room, Exterior Corridor, Economy Hotel Located Off Central Expressway/Highway 75 Situated in Highly Sought-After Dallas-Fort Worth MSA Multiple Demand Generators in Nearby Vicinity Presented For Sale at Only $62,000/Room 3

PROPERTY OVERVIEW The Quality Inn in McKinney Texas, is a 100-room, exterior corridor hotel located in McKinney Texas, directly off Central Expressway (Highway 75).

LOCATION OVERVIEW The city of McKinney, Texas, is in Collin County and is part of the greater Dallas/Fort Worth Metroplex.

The Heard Natural Science Museum & Wildlife Sanctuary attracts over 100,000 visitors annually and is located five miles from Quality Inn McKinney.

4 PROPERTY OVERVIEW The Quality Inn in McKinney Texas, is a 100-room, exterior corridor hotel located in McKinney Texas, directly off Central Expressway (Highway 75). The hotel was partially renovated in The hotel features an outdoor swimming pool, breakfast area, meeting space, ample parking, and a fitness room. LOCATION OVERVIEW The city of McKinney, Texas, is in Collin County and is part of the greater Dallas/Fort Worth Metroplex. The city is approximately 30 minutes from North Dallas and the Collin County Regional Airport. The Heard Natural Science Museum & Wildlife Sanctuary attracts over 100,000 visitors annually and is located five miles from Quality Inn McKinney. Also, According to Money Magazine, McKinney was voted the #1 Best Place to Live in America for Since 2010 McKinney has been featured in Money Magazine as one of America's best places to live with reporters taking into consideration employment, schools, crime, safety and overall quality of life to determine rankings. The highly educated workforce of McKinney includes approximately 400,000 individuals working in medical, technology, data management, manufacturing, sustainability, aviation, defense, retail, office, and transportation industries.. Common Area Amenities Bus/Car Parking Guest Laundry Facilities Outdoor Pool Government Travelers: FEMA Approved Meeting Room- 50 People Guest Room Amenities Flat Screen Television Coffee Maker Hair Dryer Iron/Ironing Board # 4

PROPERTY SUMMARY THE OFFERING Property Quality Inn McKinney Price $6,200,000 Property Address 1300 N Central Expy, McKinney, TX CONSTRUCTION Foundation Block/Concrete Exterior Brick/Stone Parking

5 PROPERTY SUMMARY THE OFFERING Property Quality Inn McKinney Price $6,200,000 Property Address 1300 N Central Expy, McKinney, TX CONSTRUCTION Foundation Block/Concrete Exterior Brick/Stone Parking Surface Asphalt/Concrete Roof Flat Rubber with Metal Mansard CHANGE TO FRANCHISE Application Fee $35,000 Minimum Parent Company Choice Hotels International Term October 27, October 27, 2035 PROPOSED FINANCING FIRST TRUST DEED Loan Amount $5,042,560 Loan Type Proposed New Interest Rate 6.00% Amortization 25 Years Loan Term 25 Years Loan to Value 81% Debt Coverage Ratio 1.61 SECOND TRUST DEED Loan Type All Cash 5

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7 QUALITY INN MCKINNEY PROPERTY PHOTO Marcus & Millichap closes more transactions than any other brokerage firm. FOR MORE INFROMATION CALL: Chris Gomes Senior Managing Director Investments Senior Director, National Hospitality Group Office: (512) Mobile: (512)

QUALITY INN MOUNT PLEASANT 2515 W Ferguson Rd Mount Pleasant, TX 75455

QUALITY INN MOUNT PLEASANT 2515 W Ferguson Rd Mount Pleasant, TX 75455 2515 W Ferguson Rd Mount Pleasant, TX 75455 1 EXECUTIVE SUMMARY VITAL DATA Price $2,450,000 MAJOR EMPLOYERS Down Payment 20% / $490,000 Loan Amount $2,020,000 Loan Type Proposed New Interest Rate / Amortization