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

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1 2515 W Ferguson Rd Mount Pleasant, TX

2 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 6.00% / 25 Years Price/Room $41,525 Ownership Type Fee Simple Rentable Square Feet 10,615 Number of Buildings 1 Number of Stories 2 Year Built 1994 Lot Size 2.61 acre(s) EMPLOYER # OF EMPLOYEES Prepared Foods 2,500 Priefert Complex Designs 800 Pilgrims Pride Corporation 685 Titus Regional Medical Center 332 Walmart 300 Pilgrims Pride Rendering/By-P 287 City of Mount Pleasant 213 Big Tex Trailer World Inc 200 Ntcc 199 Mount Pleasant Ind Schl Dst 156 K Diamond Corporation 150 Lowes 150 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop ,340 20, Census Pop 1,047 14,146 20, Estimate HH 387 4,645 6, Census HH 450 4,593 6,567 Median HH Income $32,102 $37,973 $40,305 Per Capita Income $17,075 $17,345 $18,402 Average HH Income $38,609 $52,638 $55,684 # 2

3 INVESTMENT OVERVIEW Marcus & Millichaps National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Quality Inn Mount Pleasant. The hotel is a 59-room, exterior corridor, two-story hotel located in Mount Pleasant, Texas. INVESTMENT HIGHLIGHTS 59-Unit, Limited Service, Built 1994 Located Directly off I-30 and Highway 271 Recently Renovated Strong Revenue Uptrend; 14% YTD RevPAR Growth Over Last Year Excellent Owner Operator Asset Below Replacement Cost at $41,525 per Room 3

4 PROPERTY OVERVIEW Property Overview: The Quality Inn Mount Pleasant hotel is a 59-room, exterior corridor, limited-service hotel located in Mount Pleasant, Texas. The property was built in 1994, and is a two-story hotel. The guest rooms feature Wi-Fi, refrigerator, microwave, select rooms include hot tubs, and executive suites are also available. Also, the common area amenities include a business center, laundry facilities, picnic area, outdoor pool, vehicle/truck parking, and the hotel is an approved government travelers Federal Emergency Management Agency (FEMA) hotel. Location Overview: Mount Pleasant, Texas, is the county seat and largest city of Titus County. Local attractions include Lake Welsh, Dellwood Park, and the Edison Phonographic Museum. The Texarkana Regional Airport is located 67 miles from the hotel, and the Mount Pleasant Regional Airport is available for public use which is located within seven miles of the Quality Inn Mount Pleasant. Furthermore, the major employers are Pilgrim's Pride, Priefert Manufacturing, and the Titus Regional Medical Center which are all within five miles from the hotel. Common Area Amenities Business Center Government Travelers: FEMA Approved Laundry Facilities Picnic Area, Outdoor Pool Truck Parking Guest Room Amenities Wi-Fi Available Refrigerator Microwave Hot Tubs Available # 4

5 PROPERTY SUMMARY THE OFFERING Property Quality Inn Mount Pleasant Price $2,450,000 Property Address 2515 W Ferguson Rd, Mount Pleasant, TX SITE DESCRIPTION Number of Rooms 59 Year Built/Renovated 1994 Lot Size 2.61 acre(s) ROOM TYPES NUMBER OF ROOMS ROOM TYPE 0 King 0 Suite/Kitchenette 0 Suite/Kitchenette 0 Suite/Kitchenette 0 FIRST TRUST DEED Loan Amount $2,020,000 Loan Type Proposed New Interest Rate 6.00% Amortization 25 Years Loan Term 25 Years Loan to Value 82% Debt Coverage Ratio 1.35 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: Chris Gomes Senior Managing Director Investments, National Hospitality Group Office: (512) Mobile: (972) Joseph Jaques Associate, National Hospitality Group Office: (972) Mobile: (979)