Offering Memorandum. HOLIDAY INN SHREVEPORT DOWNTOWN 102 Lake St Shreveport, LA 71101

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1 Offering Memorandum HOLIDAY INN SHREVEPORT DOWNTOWN 102 Lake St Shreveport, LA

2 EXECUTIVE SUMMARY VITAL DATA TTM JUN 2017 YEAR 1 Loan Type All Cash Net Operating Income $560,690 $854,977 Ownership Type Fee Simple Number of Rooms 190 Rentable Square Feet 97,150 Number of Buildings 1 Number of Stories 6 Year Built 1978 Lot Size 2.00 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES Lsu School of Medicine 6,000 Louisiana State Univ Med Ctr 5,000 Lsuhsc Health Sciences Center 5,000 Horseshoe Bossier City 2,532 Department of The Medicine 2,039 Louisiana State University A&M 2,039 Lsu Hlth Scnces Center/Bio Med 2,039 Lsu Medical Center 2,039 Eldorado Casino Shreveport 2,032 WILLIS-KNIGHTON SOUTH HOSPITAL 1,800 Air Force Reserve 1,500 Sams Town Casino 1,500 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 2,954 58, , Census Pop 2,940 58, , Estimate HH 1,255 23,685 55, Census HH 1,255 23,574 54,747 Median HH Income $18,291 $28,955 $35,179 Per Capita Income $13,876 $18,164 $22,469 Average HH Income $28,902 $43,344 $54,454 # 2

3 INVESTMENT OVERVIEW The Holiday Inn Shreveport Downtown is offered for sale on a Call for Offers basis. During TTM Jun 2017, the hotel generated approximately $2.60M in gross room revenue which is a 5.7 percent growth over same period previous year; and 8.2 percent growth during YTD June The investment offering presents a new investor with an opportunity to acquire an under-performing asset at significantly below replacement cost in a barrier-to-entry location. The completion of pending Property Improvement Plan and efficient operations may result in this hotel becoming a good long-term hold asset for a potential investor. INVESTMENT HIGHLIGHTS 190-Room, Full-Service Hotel Located in Stabilizing Market with Consistent Year-Over-Year Growth Diversified Demand Generators Premium Downtown Location Absentee Owner Management Asset 3

4 PROPERTY OVERVIEW Marcus & Millichaps National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Holiday Inn Shreveport Downtown, full-service hotel located in Shreveport, Louisiana. The property consists of 190 rooms and is located on 2 acres in downtown Shreveport. The hotel offers an outdoor pool area, cocktail lounge, fitness center, and business center. The hotel's lobby features the Red River Restaurant and the S'Port Bar & Grill. The hotel offers 5,400 square feet of flexible meeting and conference space spread out over five meeting spaces. LOCATION OVERVIEW Shreveport, Louisiana is the third-largest city in Louisiana and seated in Caddo Parish. Less than one mile from the Holiday Inn Shreveport Downtown is the Shreveport Convention Center which hosts over 400 events per year and attracts thousands of attendees monthly. There are four major casinos located within 4 miles of the hotel. Also, Louisiana is the third largest film industry in the United States and several films have been made in Shreveport generating room demand. The city hosts The Battle on the Border High School Football Showcase at Independence Stadium, 1.4 miles from the Holiday Inn Shreveport Downtown, which features athletes from 6 states and attracts over 22,000 attendees. Other local points of interests, less than three miles, include The Sci- Port's Imax Dome Theatre, The Outlets at Louisiana Boardwalk, and the Pierre Bossier Mall. Gators and Friends Alligator Park and Zoo, and Chimp Haven are recreational activities available within the region. Also, the Shreveport Regional Aiport is less than 8 miles from the hotel. Chesapeake Energy Corporation's discovery of Haynesville Shale over 500,000 plus acres in northwest Louisiana is the largest known onshore natural gas field in the United States. Activities in the Haynesville Shale has contributed significantly to the lodging demand. Common Area Amenities Rollaway Bed/Cot Available Sofa Bed/Sleeper Couch in Suites In-room Heating and A/C Controls Microwave / Mini-Refrigerators Work Desk with Chair Guest Room Amenities Two On-Site Restaurants Business Center Fitness Center Outdoor Pool Ample Surface and Podium Parking # 4

5 PROPERTY SUMMARY THE OFFERING Property Holiday Inn Shreveport Downtown Price Request for Offers Property Address 102 Lake St, Shreveport, LA SITE DESCRIPTION Number of Rooms 190 Year Built/Renovated 1978 Ownership Type Fee Simple Lot Size 2.00 Acres PROPOSED FINANCING FIRST TRUST DEED Loan Type SECOND TRUST DEED Loan Type All Cash 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) Manish Sthanki Associate, National Hospitality Group Office: (225) Mobile: (225)