O F F E R I N G S U M M A R Y

Transcription

1 OFFERING SUMMARY

2 Investment Overview Holliday Fenoglio Fowler, L.P. ( HFF ) has been retained to exclusively offer the Éilan Hotel & Spa, Autograph Collection ( Property ), a recently constructed, full-service hotel located in the affluent and expanding northwest corridor of San Antonio. Éilan Hotel & Spa is a luxury/boutique jewel-box property, offering 165 beautifully appointed guestrooms (average 400 SF), 26,000 SF of function space, a 10,000-SF spa, 12,000SF fitness center with an indoor lap pool and resort-style outdoor pool, award-winning restaurant, virtual golf center, and two outdoor tennis courts. The Property is also the centerpiece of the 550,000-SF Éilan Class A mixed-use development, which includes 539 multifamily units (89% occupied), 205,000 SF of office (100% occupied), and 48,000 SF of retail (78% occupied). The Property is being sold unencumbered of management, providing complete operational flexibility to a new owner. Located in San Antonio s highly desired northwest region amongst major corporate campuses, leisure demand generators, and San Antonio s most affluent residential and high-end retail centers, Éilan benefits from its close proximity to: La Cantera Golf Club Two 18-hole courses ranked among the Top 50 Golf Resorts in the U.S. (adjacent to Éilan) The Shops at La Cantera 1,300,000-SF open-air regional shopping mall (adjacent to Éilan) The Rim 1,800,000-SF outdoor regional shopping center (adjacent to Éilan) Six Flags Fiesta Texas 224-acre entertainment park with over 25 million annual visitors (adjacent to Éilan) The University of Texas at San Antonio (UTSA) Main 600-acre campus with 30,000 students (2 miles) Valero Energy Headquarters Corporate campus to #32 Fortune 500 company (2 miles) Camp Bullis 28,000-acre military base (2 miles) Exceptional demographics Since 2000, 3-mile population has increased by 151% and average household income of $90,100

3 Property Overview ADDRESS: La Cantera Terrace, San Antonio, TX SITE AREA: +/ acres (fee-simple interest of the hotel unit of the Eilan Condominium) GUESTROOMS: 165, including 24 suites YEAR OPENED: 2012 FUNCTION SPACE: 26,000 SF FOOD & BEVERAGE: Sustenio Restaurant & Bar full-service restaurant Mercato Café Italian-inspired market and deli AMENITIES: The Spa at Eilan 10 treatment rooms Outdoor pool Best Resort Pool in Texas Texas Monthly Junior Olympic-size indoor lap pool 12,000-SF state-of-the-art fitness center with steam room Competition-size state-of-the-art dance studio Virtual golf center Two full-size outdoor tennis courts Complimentary shuttle for golf and shopping

4 Investment Highlights RECENTLY CONSTRUCTED, PREMIUM ASSET As one of the newest and most impressive full-service hotels in San Antonio, the Property maintains several inherent advantages including magnificent oversized guestrooms, superior level of luxury finishes, endless resort-style amenities, award-winning restaurant, and several high-end walk-to restaurants/shopping within the Éilan mixed-use development. With an original construction cost of $520,000/ key and additional discretionary capex invested in the years since, the asset has been impeccably maintained and will require minimal future capital investment. STRENGTH OF MARRIOTT AUTOGRAPH COLLECTION The Éilan Hotel & Spa s iconic Tuscan architecture and surrounding mixed-use amenities, combined with Marriott s highly desired Autograph Collection, make it a truly unique offering amongst San Antonio s luxury hotel offerings. Its access to Marriott s leading loyalty program and strong worldwide distribution system is a major competitive advantage, and the recent merger with Starwood gives even further depth as the world s largest hotel company. UNENCUMBERED OF MANAGEMENT Currently managed by Aimbridge Hospitality, the Property is being offered unencumbered of the existing agreement, providing complete operational flexibility and potential upside for a new owner/operator. SAN ANTONIO MARKET STRONG FUNDAMENTALS While its Texas metro peers Dallas and Austin have both seen a significant increase in RevPAR from 2007 to 2016 (36.4%), San Antonio s lodging market still has much of its growth ahead with only a 4.4% change over the same period. This pent-up demand, coupled with negligible new competitive supply on the horizon, positions the Property extremely well for noteworthy future RevPAR growth. San Antonio s economy is very well diversified today and is Texas top tourist market with over 31 million annual visitors.

5 Location Aerial Vista Corporate Center UTSA 150,700-SF OFFICE DEVELOPMENT (100% PRE-LEASED) Security Service Federal Credit Union USAA - #122 Landmark Centre FORTUNE 500 HEADQUARTERS 27-ACRE MIXED-USE DEVELOPMENT 04 WEST 16 NORTH LOOP Landmark One The Shops at La Cantera 1.3-MILLION-SF SHOPPING DESTINATION NORDSTROM 165,000-SF OFFICE DEVELOPMENT Top Golf Valero - #32 CHANEL FORTUNE 500 COACH CARTIER HEADQUARTERS La Cantera Golf Club 224-ACRE ENTERTAINMENT PARK BOWL & BARREL BOBS STEAK & CHOP HOUSE TIFFANY & CO. TORY BURCH Six Flags Fiesta Texas The Rim 1.8-MILLION-SF SHOPPING DESTINATION BASS PRO SHOPS UNIVERSITY OF TEXAS AT SAN ANTONIO 30,000-STUDENT UNIVERSITY 270,000-SF HEADQUARTERS TWO 18-HOLE GOLF COURSES THE RUSTIC The Dominion 1,500-ACRE MASTER-PLANNED COMMUNITY Eilan Mixed-Use 205,000 SF OFFICE 539 APARTMENT UNITS 48,000 SF RETAIL Camp Bullis 28,000 ACRES

6 Additional Information JOHN E. BOURRET, JR. Managing Director AUSTIN BROOKS Associate Director PARKER SHERRILL Analyst DEBT CONTACT: PETE FEHLMAN Director Victory Avenue Suite 1200 Dallas, TX Holliday Fenoglio Fowler, LP ( HFF ) and HFF Securities LP ( HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. Holliday Fenoglio Fowler, L.P. ( HFF ) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.