Rare Opportunity to Purchase

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13701 Paso Road Ocean Springs, MS 39564 Rare Opportunity to Purchase Upside Potential & Room for Expansion Tim Carlson Principal Broker Office 228.

1 13701 Paso Road Ocean Springs, MS Rare Opportunity to Purchase Upside Potential & Room for Expansion Tim Carlson Principal Broker Office Cell Monte Luffey Principal Office Cell

2 Executive Summary History Established in 1927 as a hotel with restaurant and adjoining golf course, the resort subsequently offered a number of other amenities including horseback riding, water skiing and charter boat fishing. In the late 1950's, Elvis Presley was a frequent guest and in 1969, Hurricane Camille left its mark on the property s waterfront villas which were eventually removed. In 1998, SSM Group, LLC purchased the hotel and waterfront property. Simultaneously with that transaction, a group of residents acquired the golf course property to preempt any future development and ensure the golf links remain as such. The golf course is operated by Gulf Hills Golf Club, Inc. an unaffiliated entity. Current Operations The current configuration of the facility includes a 56 room hotel with pool and banquet/conference facilities located on approximately a total of 11 acres of commercially zoned waterfront property in Ocean Springs, Mississippi. In addition to the six acre hotel site, the property includes three acres of undeveloped waterfront which wraps around a former commercial marina and an additional two acres hosting 10 clay tennis courts. In 2000, SSM Group initiated a substantial rehabilitation project to update and improve the overall facility. This remodeling project is ongoing and a dramatic change from the hotel s previous condition. Approximately 7,950 square feet of interior space remains unfinished and may be configured for meetings, a restaurant, a fitness facility, office space or additional guest rooms. In addition, the building includes a 6,864 square foot basement available for storage or utilization as offices, spa, etc. Location While convenience is a defining attribute, the feeling of seclusion is the most surprising aspect of the resort s surroundings. The facility is conveniently located to everything the Mississippi Gulf Coast has to offer. Historic Downtown Ocean Springs is within two miles, Casino Row Biloxi is less than 10 minutes away and Interstate 10 is easily accessible for swift and convenient ingress and egress. Zoning The property is zoned C-1 commercial and is subject to a 35 ft. height restriction. As such, a number of businesses may be located on the property including a hotel, restaurant, commercial marina and various retail establishments. SSM Group, LLC considered developing a condominium project on the parcel and applied for and obtained a height variance for future construction to 48 feet. Utilities Water, sewer, natural gas, cable television, telephone and electricity are all available on site. In 1999, a sewer lift station was installed with capability of handling up to 85 two bedroom condominium units.

3 Site Plan Proposed Development Area Tim Monte Carlson Luffey Principal Broker Office Office Cell Cell

4 Aerial Map

5 Property Photos Lobby Breakfast Area Lobby from above Patio Seating Golf Course Pool

6 Property Photos King Suite Guest Room Suite Sitting Area Double Queen Guest Room Double Queen Guest Room Double Queen Guest Room Guest Bath

7 Regional Map The Preserve Golf Course Regional Shopping Center Ocean Springs Historic Downtown Ocean Springs Gulf Islands National Seashore Shell Landing Golf Course

Offered For Sale Area Demographics 2015 Summary 5 Minutes 10 Minutes 15 Minutes Population 5,240 28,997 65,782 Households 2,321 11,761 26,016 Families 1,401 7,625 17,032 Average Household Size 2.25 2.

8 Offered For Sale Area Demographics 2015 Summary 5 Minutes 10 Minutes 15 Minutes Population 5,240 28,997 65,782 Households 2,321 11,761 26,016 Families 1,401 7,625 17,032 Average Household Size Owner Occupied Housing Units 1,435 7,165 15,823 Renter Occupied Housing Units 886 4,596 10,193 Median Age Median Household Income $52,490 $50,420 $48,995 Average Household Income $66,724 $61,631 $61, Minutes 2020 Summary Population 5,415 30,297 69,504 5 Minutes Households Families 2,409 1,442 12,329 7,953 27,637 17, Minutes Average Household Size Owner Occupied Housing Units , , ,685 Renter Occupied Housing Units 913 4,852 10,952 Median Age Median Household Income $56,531 $53,717 $52,780 Average Household Income $74,208 $68,049 $67,976

Offered For Sale Area Overview Ocean Springs, MS Ocean Springs is like a dream avenue, Imagine the feeling of Coastal breeze brushing against your face with its warmth, comfortable feeling.

9 Offered For Sale Area Overview Ocean Springs, MS Ocean Springs is like a dream avenue, Imagine the feeling of Coastal breeze brushing against your face with its warmth, comfortable feeling. A feeling that perfectly suits the people and its community. Oak trees leaving beautiful puzzle shadows at every corner you turn. A place heartily dedicated to its commemorating heritage and history, but also embracing more positive expansions for the bright future that holds for the people. Yet nevertheless preserving the serene promenade of life on the Mississippi Gulf Coast. Just as it were over three hundred years ago when Pierre LeMoyne d Iberville first stepped foot on her shores, the splendor and allure of this celebrated city remains to this day as one of the utmost experiences for its locals and out of town guest. Unparalleled to others, Ocean Springs flavors each day of life with a never tiring spirit of involvement. Known nationally for its annual festivals, which draw thousands from all areas of the country. Ocean Springs has long celebrated her extraordinary community of artist, potters, and performers, area merchants, clubs and organizations. All the while delicately balancing progress and conserving her historical landmarks, as well as her untouched beauty of nature s tranquility.

Offered For Sale Area Overview Biloxi, MS COAST CASINO S BY THE NUMBERS Average numbers for the last two years show higher casino revenue, 817 new hotel rooms, more employees but fewer visitors:

10 Offered For Sale Area Overview Biloxi, MS COAST CASINO S BY THE NUMBERS Average numbers for the last two years show higher casino revenue, 817 new hotel rooms, more employees but fewer visitors: Category Casino revenue $1.14 billion $1.08 billion Number of casinos Slot machines 14,876 14,574 Hotel rooms 6,625 5,808 Occupancy 92.4% 93.7% Average daily rate $75.39 $74.07 Employees 8,959 8,752 Visitors 13 million 14 million

Now Leasing for Nov. 1, 2017 Grand Opening

Now Leasing for Nov. 1, 2017 Grand Opening South Florida s newest and hottest retail, restaurant, and entertainment location in Hallandale Beach; just north of Miami s Aventura area, minutes south of Fort Lauderdale-Hollywood International Airport