City of Pacifica Request for Qualifications For Ocean Front Hotel Development Opportunity 2212 Beach Blvd., Pacifica, CA

Transcription

1 City of Pacifica Request for Qualifications For Ocean Front Hotel Development Opportunity 2212 Beach Blvd., Pacifica, CA City of Pacifica ATTN: Anne Stedler 170 Santa Maria Avenue Pacifica, CA Prepared by: Robert Gilmore Version: Original Date: January 22, 2016 pg. 1

2 Executive Summary Kamla Hotels has brought together a top notch development team to provide the City of Pacifica its qualifications to develop the unique destination hotel and mixed-use project the community desires and the Beach Boulevard site commands. This team brings extensive coastal California experience in hospitality/retail development so important in crafting a vision combining the unique traits of the surrounding community and region. The team consists of: Kamla Hotels: Devang Patel & Kabir Bhagat Architects Orange: Tom Bergerson & Henry Wong, Architects Hitesh Patel: Engineer & General Contractor Robert Gilmore: Real Estate Developer/Economic Developer pg. 2

3 Kamla Hotels Mendocino Hotel and Hill House Inn, both in Mendocino, CA, exhibit Kamla s unique ability to own, manage and operate hotels in a dramatic Northern California coastal community like Pacifica. With incredible attention to detail and focused on a lasting guest experience, these hotels are also examples of Kamla s focus on locally managing and operating its properties. Its growing portfolio of Marriot International branded hotels throughout Southern California reflects Kamla s ability to execute on its vision of bringing a Marriott hotel to pacifica. Architects Oranges landmark projects, Little Italy, San Diego, The Village at Bella Terra, Huntington Beach and Long Beach City Plaza, Long Beach, typify AO s ability to create a transformative vision that integrates nature, indigenous design and materials and community into a destination hotel/mixed use development. Robert Gilmore is a unique blend of master planned community developer and economic developer. Rob s vision and execution led to a workable/livable community in Valencia and the Newhall Ranch. As an economic developer he translated a community s vision of the future into Culver City s Economic Development Implementation Plan, adopted in Kamla Hotels development teams vision is to provide an estimated room, Marriott International branded destination hotel catering to the business and leisure traveler seeking a Northern California Coastal experience. While breathing the fresh ocean air guests will also enjoy: Close proximity to downtown San Francisco, Silicon Valley and San Francisco Airport Access to Oakland and other Bay Area locales via Bay Area Rapid Transit A classic coastal experience without breaking the bank Hiking, biking and surfing in and around Pacifica Shopping along the redeveloped Palmetto Avenue pedestrian mall This project would provide enormous benefits to the City including: A hotel befitting a customer price point that does not currently exist in the City Generating additional Transient Occupancy Taxes Generating permanent and temporary employment opportunities Increase in property tax revenue and BID assessments We thank you for the opportunity to provide Kamla Hotels qualifications. Request for Qualifications Submittal Requirements pg. 3

4 A. Describe Developer/Operator Vision for the Site Answer: Kamla Hotels Team has reviewed the site dynamics and crafted a two-option vision: Hotel anchored mixed-use plaza with the hotel as the main component occupying a majority of the GLA in the southwest corner of the site. Pacifica Public Library, as proposed, at the northeast portion of the site. Repurpose the Administration building to commercial retail space. Attract specialty retail, boutiques, cafes and restaurant tenants along Beach Blvd at Palmetto Avenue and to the interior of the plaza. Central parking area with access driveways to all perimeter streets. Pedestrian friendly village streetscape Supplemental subterranean parking, as needed, at the northeast quadrant of the site. Wrap existing pump station with decorative wall and gates. 3-level hotel, or 2-level above one level of retail. Marriott International branded hotel in the range of hotels rooms, of the all-suites variety, catering to the business and leisure traveler. Our vision is a uniquely designed hotel utilizing local materials and accents, blending with the natural setting of the Pacifica community and maximizing the views of the coast and the mountains. Or, Similar to the above, but an option with more GLA dedicated to a 3-level hotel above retail up to 45. Ground level will be retail with subterranean parking mitigating the Coastal Commission requirements. A hotel which will have a catalytic effect on the future development of Palmetto Avenue while functioning as an anchor tenant and driving pedestrian traffic. We see a hotel serving a clientele not currently served in Pacifica. As a Marriott branded hotel, the visioned property will take advantage of the Marriott reservation system and loyal customers from around the world. Business travelers will avail themselves of Pacifica s ocean front views and quaint community during the week while families will enjoy the all-suites, destination hotel as an affordable weekend getaway. B. Site Specific Questions 1. Would you consider phasing the hotel construction? Answer: The options above do not anticipate the need to phase the hotel construction. 2. If a podium was chosen for all of the site, could it be engineered and built in phases, and is that financially feasible compared to building it all at once? Answer: If needed, we could see phasing in supplemental subterranean parking at the northeast quadrant of the site. pg. 4

5 3. Where would you want the hotel to have street frontage? Answer: Per the previous exhibit, we initially envision the street frontage to be along Beach Blvd. 4. Where would you want access and exiting for the hotel? Answer: The vision is to provide access and egress to all the streets surrounding the site. The hotel s entrance would be interior to the site. 5. What is the maximum and minimum number of hotel rooms you would consider at this site? Answer: At this time, we envision a key all-suites hotel. 6. Do you recommend adding residential use to the site in addition to the hotel? Answer: No 7. Are conference facilities valuable to your vision, either on or off the site, and for what audience? Answer: We see great value in conference facilities for a variety of business and leisure activities. The potential for a joint effort with the Pacifica Public Library would be of tremendous value to both properties. The ability to host business conferences, sales meetings and seminars during the week is a bonus. Our vision is to develop a hotel with a range of meeting space. However, a larger meeting area/conference space in the library would drive more visitors and customers to both entities. For the weekends, we see a conference facility as an amenity where we could attract conferences capitalizing on Pacifica s hiking, biking, nature and surfing community. We believe there is untapped potential awaiting our combined efforts. 8. Do you commit to supporting the existing Hotel Business Improvement District (BID) and a potential BID on Palmetto Avenue? Answer: Simply, Yes. We see great value in participating in a larger effort to improve and maintain the environment of the surrounding commercial district. Tourists and locals, alike, enjoy nicely landscaped and decorated commercial lanes and streets, and brightly light sidewalks attract pedestrians who window shop and stroll in search of a café or boutique shop. We all benefit from the existence of a strong and financially healthy business improvement district. pg. 5

6 C. Developer/Operator Team Identify the lead development firm, including the project lead for day-to-day management of the pre-development process. Answer: Kamla Hotels CEO, Devang Patel. He will lead the development team from the pre-development process through the operation and management of the hotel. Devang is hands-on in all aspects of the pre-development process. He will avail himself of his consultant team throughout the process, as well, augmenting his skills and abilities with those of his assembled pre-development and development team. Identify Operator and other key members of the development team, including (at a minimum) equity partner and planning team and design firms. Answer: (Below you will find the resumes of the key development team members.) Operator: Kamla Hotels Owner: Kamla Hotels Design Team: Architects Orange (Tom Bergerson & Henry Wong) General Contractor and Engineer: Hitesh Patel Planning Consultant: Robert Gilmore Devang Patel provides the equity necessary to purchase the land, initiate the design and entitlement process. In a normal project, he will provide approximately 30% of the required equity for a project. The remainder 70% is provided through debt financing. When needed, Devang will provide private equity into the project. Kamla Hotels owns and operates all of its over 1,000 room hotel portfolio. Provide a succinct narrative describing the role and relevant background experience of each of the firms and key individuals who would be involved in implementation of the project. Answer: Devang Patel will function as the project lead throughout the project. Tom Bergerson & Henry Wong (Architects Orange) are the Design team, entitlement lead and project architects. Rob Gilmore will provide the response to the RFQ and RFP, and function as a project consultant throughout the development process. pg. 6

7 Relevant Experience: Mr. Patel, and the above team, currently have a proposed Springhill Suites Hotel site under contract with the City of Downey on a former City Redevelopment site. The team organization and process for that project is similar to this project. Kamla was the successful bidder of an RFP process. The team successfully negotiated a land purchase price agreed to the City s satisfaction. We are now in the due diligence and design phase which is a collaborative effort with the City of Downey. Mr. Patel and Architects Orange currently have a Fairfield Inn & Suites Hotel in the entitlement phase in Indio, CA. A 110 key, new 4-story focused service hotel in located on 3 acres in Indio, CA. It contains 57,000 SF and includes spacious meeting rooms, larger bar / lounge, and outdoor pool area. A Marriott prototype, its contemporary design is enhanced with color and materials that are contextual to the desert setting. pg. 7

8 Kamla Hotels and Devang Patel own and operate a 64 room, all-suite Springhill Suites Hotel by Marriott in Hesperia, CA. Built in 2005, this hotel was recently renovated to the Marriott standard of excellence. pg. 8

9 Tom Bergerson and Henry Wong of Architects Orange have a tremendous depth of experience in mixed-use and hospitality throughout California. Following are excellent examples of relevant coastal community developments and redevelopments that transformed each community to the benefit of the residents and businesses. Little Italy Downtown San Diego, CA Seaside Mixed Use This 8-story project is planned at a pivotal location in the Little Italy neighborhood of Downtown San Diego. This will establish a highly visible landmark for the neighborhood and the project will continue a tradition of innovative mixed use, infill design for which this district is renowned for. The project as a whole is seen as an extension of the seaside environment reflecting the historic character of the neighborhood as a functioning fishing village and expression of the natural elements of the sea. pg. 9

10 The Village at Bella Terra Huntington Beach, CA Mixed Use Mall Extension This new 4-story, wrap style, mixeduse project is located on a 7-acre site on Edinger Avenue on the Bella Terra mall site in the City of Huntington Beach. The Village consists of 467 dwelling units and 19,000 SF of ground floor retail clustered around an above-grade, open parking structure with an open air plaza with a community park. This project offers a new alternative urban lifestyle with a pedestrian connection from the existing mall out pg. 10

11 to the city. Long Beach City Place Long Beach, CA Mixed Use Urban In Fill Redevelopment This Mixed-Use / Urban Infill project is located on a 4-acre parcel in the downtown Long Beach Redevelopment area and provides 221 dwelling units over 70,000 SF of retail. The site originally housed a failed 1970 s indoor shopping mall. The mall was removed while it s parking structure was remodeled and utilized to park for the new development. Retail is at the ground floor with three levels of residential units above. pg. 11

12 Rob Gilmore has entitled over 13,000 acres of commercial, retail, mixeduse and hospitality land as a developer in California and Colorado. In addition, Rob has consulted with a number of communities in the area of economic and community development with a focus on community visioning and implementation. He was the Director of Commercial Properties for Newhall Land and Farming entitling the proposed community of Newhall Ranch, estimated 60,000-75,000 population and completed the tail-end of the development of the community of Valencia, CA. Newhall Ranch Master Plan Los Angeles County, CA Estimated 13 million square feet commercial/mixed use space Culver City Economic Development Implementation Plan Full scale community engagement work plan providing vision, goals, strategy and implementation plan. An action plan with tasks, assignments and timetable to move Culver City forward. pg. 12

13 Team Resumes Kamla Hotels: Devang Patel, CEO Kabir Bhagat, President Devang and Kabir are both brothers that moved from India at a very young age of 12 and 10 respectively. They were sent by their parents to go to school in the US and they both lived with their uncle. Initially, both Devang and Kabir found it difficult to adjust to the American style of education, culture and even food. However, as they spent more and more time in US they excelled in school, sports, and community activities. Devang went to college at the University of California-Riverside and graduated with honors in Business Administration in December of In 2006, he bought his first hotel at the age of 21. Kabir soon joined the business in 2009 after completing his Computer Science Engineering from California State College of Long Beach. Kamla Hotels was founded in 2006 by Devang with a mission to be a hospitality company with a culture of transparency, outstanding service and building long-term relationships with all of Kamla s stakeholders. Kamla has grown from a small motel operator in 2006 with less than 35 units under management to over 1,000 units spread across different segments of hotels from boutique to branded hotels in top destination markets in California. Devang and Kabir have been involved in over $100 million dollars of real-estate transactions in a short amount of time. Kamla is a product of hard work, dedication, and the will to succeed from Devang and Kabir. Both brothers have been instrumental in establishing a company on their own at a very young age. Devang and Kabir bring a lot of their Indian values, principals and work ethic to the company. Each associate of the company is given the respect and recognition they deserve. Kamla Hotels is a very young company, ran by young entrepreneurs, with aspirations to grow to new heights. Tom Bergerson, AIA, CDP, brings to his role over 27 years of comprehensive architectural services and development management experience. He is responsible for a wide range of key project and development activities including: project planning and scope development; site development coordination; real estate transaction coordination; due diligence; entitlement management; budget coordination and project scheduling; brand relationship management; design execution; contract documentation; building permit processing; and construction administration. Tom s proactive approach acting as his client's advocate allows him to quickly and effectively build solid and lasting relationships with clients, government agencies, consultants and contractors. Education: University of Southern California School of Architecture Registrations: Licensed Architect in California Affiliations: AIA ICSC Certified Development pg. 13

14 Henry Wong, Architects Orange Henry Wong, AIA brings a broad spectrum of professional expertise in hospitality / hotels & restaurants, retail, commercial office buildings, corporate interior planning, and residential. With over 26 years in practice, he offers client focused services, from owner s representative and programming to full service architectural services. His focus on the guest experience spans from 4-5 Star hotel resorts and conference facilities to limited services developments including specialty food & beverage design in both large properties and intimate boutique settings. He has earned the reputation of being a project leader. Education: University of California, Berkeley Master of Architecture; University of California, Berkeley Bachelor of Architecture Registrations: Licensed Architect in California Affiliations: AIA Vice President, Bing S. Wong Scholarship Foundation, San Bernardino Hitesh Patel, Engineer & General Contractor Hitesh Patel is a Licensed General Contractor (#B775443) and a Licensed Civil Engineer (CA- #C50389, AZ-#40855, TX-#120908) and with over 30 years of construction, design and engineering experience. This distinct knowledge in both construction and design has allowed for the successful completion of all projects in which he has been involved. For the last 20 years, he has been primarily involved with the construction, design and building hotels of various national franchises and mega-apartment complexes. The unique ability to provide both construction and design service has been valued by many clients for cost-effective construction. In 1999, Mr. Patel resigned from ACCI to start Cantilever, Inc., a General Contracting Company, that specialized in the development of hotels and commercial facilities. Cantilever, Inc. started with renovations of small hotels and has since evolved into designing and constructing large full service hotels with construction budgets ranging over $15 million per hotel. In 2000, with the high demand of design-build project for hotels, Mr. Patel established HCP Engineering, a structural engineering firm, to work concurrently with Cantilever Inc. With the combination of Cantilever Inc. and HCP Engineering, Mr. Patel can provide the full design-build service to clients who preferred turn-key construction service. Since establishing Cantilever Inc. and HCP Engineering, Mr. Patel has designed and constructed various mid-scale hotels, apartment complexes, commercial and residential buildings. In 2009 to 2012 Mr. Patel teamed up with Perera Construction and Design, Inc. to build some of the largest roof top solar installation projects for Southern California Edison. pg. 14

15 Robert Gilmore, Real Estate Developer/Economic Developer Rob is a professional real estate consultant with a unique blend of public and private consulting and development. His successful career is highlighted by complex and politically sensitive entitlement projects in Los Angeles County, and his tenure with the Los Angeles County Economic Development Corporation (LAEDC) as President and founder of L.A. PLAN. Keen attention to detail, strict adherence to process and an ability to develop relationships based on trust with governmental staff and elected officials has been the platform for Rob s success. His ability to listen to and interpret his client s needs is the cornerstone of his career. Rob came to real estate upon graduation from law school. He started out as a broker with CB Richard Ellis and moved into real estate development. He found his skills were best suited to forward planning, community and government relations, entitlements and land development. He was part of a two-man team in the Denver area that rezoned, entitled, permitted and developed over 500 acres of residential and commercial property. Moving back home to Los Angeles, he took over as Director of Commercial Properties for Newhall Land, the largest master planned community development in Los Angeles County covering 12,000 acres. He directed the forward planning and entitlement of all the commercial, mixed-use, multi-family and institutional property for the proposed Newhall Ranch community. He then founded a one-of-a-kind economic development entity focused on providing land use and development consulting services to the governmental agencies throughout Los Angeles County. Called L.A. PLAN, this entity was a subsidiary of the Los Angeles County Economic Development Corporation. His major client was the LA County Department of Regional Planning and the County s CAO s Office of Asset Management. His most recent work has been in providing consulting services to the public and private sector. His clients have included the Southern California Metropolitan Water District, the cities of Culver City and Beverly Hills, and the Avery Dennison Corporation, among others. A graduate of University of California, Berkeley and Southwestern University School of Law in Los Angeles. pg. 15

16 D. Identify comparable hotel projects and related hotel amenities. ATTACHMENT B DOCUMENTING EXPERIENCE THAT MEETS ELIGIBILITY CRITERIA COMPARABLE HOTEL DEVELOPMENT EXPERIENCE #1 a. Developer / Operator Name: Kamla Hotels b. Project Name, Address and Web Site: Mendocino Hotel Main Street, Mendocino, CA c. Proposer Name on that Comparable Project (if different than above): Same d. Proposer Role (i.e., managing partner, limited partner, consultant, etc.): Owner/operator e. Current Project Status (predev, in construction, in operation): In operation f. Is Hotel Development a Development Contract with Government, on the Coast, in a Downtown or a Commercial Business District? Northern California Coast g. Total Hotel Building Area (sf), Hotel Site Area (sf): Combination main hotel and cottages h. Total Number of Guest Rooms: 51 i. Range of Guest Rooms Size (sf): 300-1,200 sf j. Total Area committed to Restaurants, Retail or Spa Services (sf by use. List name, operator, describe role in creating a destination hotel): 4,000 sf bar & bistro k. Total Area committed to Hotel Dining Room if different than above (sf): Same l. Total Area of Meeting or Banquet Facilities (sf by type): 2,500 sf for banquet m. Green Building Features (if any): water conservation n. Construction Type (name material, i.e., wood, plaster, stucco, etc.): Wood frame & siding o. Construction Start Date (actual or estimated): early 1900 s, remodeled 2006 p. Construction Completion Date (actual or estimated): N/A pg. 16

17 q. Total Development Cost: N/A r. Financing: Sources of Funds (Debt & equity): N/A s. Financing Contact Info (list entity, contact name, and phone number for each source even if also listed under references): N/A pg. 17

18 ATTACHMENT B DOCUMENTING EXPERIENCE THAT MEETS ELIGIBILITY CRITERIA COMPARABLE HOTEL DEVELOPMENT EXPERIENCE #2 a. Developer / Operator Name: Kamla Hotels b. Project Name, Address and Web Site: Hill House Inn Pallette Drive, Mendocino, CA c. Proposer Name on that Comparable Project (if different than above): Same d. Proposer Role (i.e., managing partner, limited partner, consultant, etc.): Owner/operator e. Current Project Status (predev, in construction, in operation): In operation and under renovation f. Is Hotel Development a Development Contract with Government, on the Coast, in a Downtown or a Commercial Business District? On the Coast g. Total Hotel Building Area (sf), Hotel Site Area (sf): Approx. 30,000 sf h. Total Number of Guest Rooms: 44 suites i. Range of Guest Rooms Size (sf): sf j. Total Area committed to Restaurants, Retail or Spa Services (sf by use. List name, operator, describe role in creating a destination hotel): Approx. 5,000 sf for café & Lounge k. Total Area committed to Hotel Dining Room if different than above (sf): Same l. Total Area of Meeting or Banquet Facilities (sf by type): Dinning/bar used for banquets m. Green Building Features (if any): water conservation n. Construction Type (name material, i.e., wood, plaster, stucco, etc.): Wood frame and siding o. Construction Start Date (actual or estimated): Presently renovating p. Construction Completion Date (actual or estimated): 2016 q. Total Development Cost: Renovation $1 million pg. 18

19 r. Financing: Sources of Funds (Debt & equity): 100% equity s. Financing Contact Info (list entity, contact name, and phone number for each source even if also listed under references). Personally financed pg. 19

20 ATTACHMENT B DOCUMENTING EXPERIENCE THAT MEETS ELIGIBILITY CRITERIA COMPARABLE HOTEL DEVELOPMENT EXPERIENCE #3 a. Developer / Operator Name: Kamla Hotels b. Project Name, Address and Web Site: Springhill Suites by Marriott, Hesperia, CA 9625 Mariposa Rd., Hesperia c. Proposer Name on that Comparable Project (if different than above): Same d. Proposer Role: Kamla Hotels, managing and general partner e. Current Project Status: In Operation f. Is Hotel Development a Development Contract with Government, on the Coast, in a Downtown or a Commercial Business District? This is a project done on private land in a commercial business district. This hotel is centrally located along the I-15 Freeway to capture a much needed sector of the hospitality market focused on the business traveler. This all suites hotel exhibits Kamla s entry into the Marriott family of hotels. Consisting of 65 rooms tailored to the business and vacationing traveler, this hotel satisfied the Hesperia markets needs for quality, affordable, all suites product. g. Total Hotel Building Area (sf), Hotel Site Area (sf): Approx. 45,000 sf h. Total Number of Guest Rooms: 65 rooms i. Range of Guest Rooms Size (sf): 369 s.f. 496 s.f. j. Total Area committed to Restaurants, Retail or Spa Services (sf by use. List name, operator, describe role in creating a destination hotel) Approximately 4,000 s.f. Indoor pool is approx. 1,100 s.f.; meeting room approx. 300 s.f.; fitness room approx. 400 s.f.; market approx. 100 s.f.; business library approx. 112 s.f. k. Total Area committed to Hotel Dining Room if different than above (sf): No in house dinning l. Total Area of Meeting or Banquet Facilities (sf by type): 300 s.f. m. Green Building Features (if any): LED lighting systems, water conservation pg. 20

21 n. Construction Type (name material, i.e., wood, plaster, stucco, etc.): Wood frame & stucco o. Construction Start Date (actual or estimated): Approx p. Construction Completion Date (actual or estimated): 2004 q. Total Development Cost: $11 million r. Financing: Sources of Funds (Debt & equity): 30% equity/70%debt s. Financing Contact Info (list entity, contact name, and phone number for each source even if also listed under references): Information will be made available at our interview pg. 21

22 ATTACHMENT B DOCUMENTING EXPERIENCE THAT MEETS ELIGIBILITY CRITERIA COMPARABLE HOTEL DEVELOPMENT EXPERIENCE #4 a. Developer / Operator Name: Kamla Hotels b. Project Name, Address and Web Site: Fairfield Inn & Suites Hotel, Indio, CA c. Proposer Name on that Comparable Project (if different than above): Same d. Proposer Role (i.e., managing partner, limited partner, consultant, etc.): Kamla Hotels managing and general partner e. Current Project Status (predev, in construction, in operation): Entitlements recently approved f. Is Hotel Development a Development Contract with Government, on the Coast, in a Downtown or a Commercial Business District? Commercial District g. Total Hotel Building Area (sf), Hotel Site Area (sf).: 57,000 s.f. h. Total Number of Guest Rooms: 110 rooms i. Range of Guest Rooms Size (sf): sf j. Total Area committed to Restaurants, Retail or Spa Services (sf by use. List name, operator, describe role in creating a destination hotel): Limited Services Hotel k. Total Area committed to Hotel Dining Room if different than above (sf): 1,280 sf l. Total Area of Meeting or Banquet Facilities (sf by type): None m. Green Building Features (if any): Water conservation n. Construction Type (name material, i.e., wood, plaster, stucco, etc.): Wood frame and stucco o. Construction Start Date (actual or estimated): March 2016 p. Construction Completion Date (actual or estimated): approx. 420 days q. Total Development Cost: estimated $14 million r. Financing: Sources of Funds (Debt & equity): 30% private equity/70% debt pg. 22

23 s. Financing Contact Info (list entity, contact name, and phone number for each source even if also listed under references.) Confidential at this time. Fairfield Inn & Suites by Marriott Indio, CA (in development) A 110 key, new 4-story focused service hotel in located on 3 acres in Indio, CA. It contains 57,000 SF and includes spacious meeting rooms, larger bar / lounge, and outdoor pool area. A Marriott prototype, its contemporary design is enhanced with color and materials that are contextual to the desert setting. Fairfield Inn & Suites by Marriott Indio, CA pg. 23

24 ATTACHMENT B DOCUMENTING EXPERIENCE THAT MEETS ELIGIBILITY CRITERIA COMPARABLE HOTEL DEVELOPMENT EXPERIENCE #5 a. Developer / Operator Name: Kamla Hotels b. Project Name, Address and Web Site: Springhill Suites by Marriott, Downey 9066 Firestone Blvd., Downey, CA c. Proposer Name on that Comparable Project (if different than above): Same d. Proposer Role (i.e., managing partner, limited partner, consultant, etc.): Kamla Hotels is managing and general partner e. Current Project Status (predev, in construction, in operation): Predevelopment with the City f. Is Hotel Development a Development Contract with Government, on the Coast, in a Downtown or a Commercial Business District? Project is under contract on a City owned property that we won through an RFP process. It is located in the central business district directly across from a large regional retail mall. g. Total Hotel Building Area (sf), Hotel Site Area (sf): Approx. 70,000 sf h. Total Number of Guest Rooms: keys i. Range of Guest Rooms Size (sf): sf j. Total Area committed to Restaurants, Retail or Spa Services (sf by use. List name, operator, describe role in creating a destination hotel): Limited service hotel with indoor pool and Jacuzzi k. Total Area committed to Hotel Dining Room if different than above (sf): None l. Total Area of Meeting or Banquet Facilities (sf by type): Meeting 300 sf m. Green Building Features (if any): To be determined n. Construction Type (name material, i.e., wood, plaster, stucco, etc.): Wood frame with stucco pg. 24

25 o. Construction Start Date (actual or estimated): January 2017 p. Construction Completion Date (actual or estimated): approx. 420 days q. Total Development Cost: estimated $15 million r. Financing: Sources of Funds (Debt & equity): 30% equity/70% debt s. Financing Contact Info (list entity, contact name, and phone number for each source even if also listed under references): Proposed lender: Vincent Wong, First Choice Bank, (phone) E. References 1. Hotel Robert Sanger Vice President Marriott Lodging Development 1301 Dove Street, Suite 500 Newport Beach, CA (office) pg. 25

26 Maurice Robinson Maurice Robinson & Associates 280 Dover Place Manhattan Beach, CA (office) 2. Financial: Dale Heyden Home Bank of California Senior Vice President 4493 Ruffin Road San Diego, CA (office) (fax) Vincent Wong First Vice President First Choice Bank Center Court Drive, Suite 750 Cerritos, CA (office) (fax) 3. Restaurant: None at this time 4. Public or Government: Aldo Schindler Director of Community Development City of Downey Brookshire Avenue Downey, CA (office) (fax) Mariano Aguirre Director of Housing and Development City of Indio 100 Civic Center Mall Indio, CA (office) (fax) pg. 26