Offering Memorandum. SUPER 8 JASPER 2100 N Wheeler St Jasper, TX 75951

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1 Offering Memorandum 2100 N Wheeler St Jasper, TX

2 EXECUTIVE SUMMARY VITAL DATA CURRENT YEAR 1 Price $1,750,000 CAP Rate 16.45% 12.62% Net Operating Income $287,824 $220,807 Down Payment 20% / $350,000 Net Cash Flow After Debt Service 51.31% / $179, % / $112,565 Loan Amount $1,400,000 Total Return 58.43% / $204, % / $137,485 Loan Type Proposed New Interest Rate / Amortization 6.00% / 25 Years Price/Room $31,250 Ownership Type Fee Simple Number of Rooms 54 Rentable Square Feet 31,184 Number of Buildings 1 Number of Stories 2 Year Built 1995 Lot Size 3.6 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES Walmart 350 Christus Jasper Memorial Hosp 275 Goodman Transfer Facility 169 Lowes 150 Ace Hardware 138 United States Dept of Army 121 County of Jasper 117 Jean C Few Primary School 115 Accentcare Inc 114 Louisiana-Pacific Corporation 101 Jasper High School 100 Jordan Health Services 100 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 2,259 8,031 11, Census Pop 2,382 8,323 11, Estimate HH 865 2,948 3, Census HH 938 3,138 4,117 Median HH Income $32,359 $31,756 $34,561 Per Capita Income $20,033 $18,526 $19,485 Average HH Income $51,409 $48,803 $53,801 # 2

3 INVESTMENT OVERVIEW Marcus & Millichap's National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Super 8 Jasper. The property is a 56- room, exterior corridor, twostory franchise hotel located in Jasper, Texas. The hotel has multiple demand generators and an intersection location at Highways 96 and Interstate 90. Super 8 offers ample truck and RV parking, a business center with high-speed Internet access, an outdoor pool, fitness room, complimentary breakfast area, and 650 square feet of meeting space. Guestroom amenities include microwave, mini refrigerator and work desk. INVESTMENT HIGHLIGHTS 56-Room, Exterior Corridor, Built 1995 Intersection Location: Highway 96 and Interstate 90 Close to Sam Rayburn Lake, Toledo Bend Reservoir and Martin Dies Jr. State Park Recipient of the 2015 TripAdvisor Certificate of Excellence Award Increasing Revenue Trend 3

4 PROPERTY OVERVIEW Property Overview: The Super 8 Jasper is a 57-room, exterior corridor, economy hotel located in Jasper, Texas, just north of Beaumont. The hotel offers easy access to State Highway 96 and Interstate 90. Super 8 Jasper offers ample truck and RV parking, a business center with high-speed Internet access, an outdoor pool, fitness room, complimentary breakfast area, and 650 square feet of meeting space. Guestroom amenities include microwave, mini refrigerator and work desk. Location Overview: Jasper, Texas, is located in Jasper County and has a population of more than 7,000. The city is located 58 miles north of Beaumont, Texas, and 114 miles northeast of Houston. Nearby attractions include Sam Rayburn Lake, Toledo Bend Reservoir, Martin Dies Jr. State Park, and the Jasper County Historical Museum. Sam Rayburn Lake, just minutes from the Super 8 Jasper, is a popular tourist attraction. The lake brings numerous fishing tournaments to the area including the Big Bass Splash, an annual event that attracts thousands of visitors to the area each year. Common Area Amenities Truck/RV Parking Business Center Outdoor Pool Meeting Space Fitness Room Guest Room Amenities Microwave Refriderator Work Desk Flat Screen Television # 4

5 PROPERTY SUMMARY THE OFFERING Property Super 8 Jasper Price $1,750,000 Property Address 2100 N Wheeler St, Jasper, TX SITE DESCRIPTION Number of Rooms 56 Year Built/Renovated 1995 Lot Size 3.6 acre(s) ROOM TYPES NUMBER OF ROOMS ROOM TYPE 26 Double 26 Queen 2 Suite/Kitchenette PROPOSED FINANCING FIRST TRUST DEED Loan Amount $1,400,000 Loan Type Proposed New Interest Rate 6.00% Amortization 25 Years Loan Term 20 Years Loan to Value 80% Debt Coverage Ratio 2.04 SECOND TRUST DEED Loan Type All Cash 5

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7 BEST WESTERN LINDSAY INN & SUITES PROPERTY PHOTO Marcus & Millichap closes more transactions than any other brokerage firm. FOR MORE INFROMATION CALL: Joseph Jaques Associate, National Hospitality Group Office: (972) Mobile: (979)