LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE WHITTINGTON, IL 62897 Kurt Lord Managing Director 314.862.5566 x14 kurt.lord@svn.com Cheri Simon Advisor 314.862.5566 cheri.simon@svn.com SVN Lord Partners 11475 Olde Cabin Road, Suite 230, St. Louis, MO 63141 OFFERING MEMORANDUM
PROPERTY INFORMATION 3 Property Summary Property Description Complete Highlights Additional Photos LOCATION INFORMATION 8 Regional Map Location Maps ytd.pdf Aerial Map DEMOGRAPHICS 13 Demographics Report Demographics Map ADVISOR BIOS 16 Advisor Bio & Contact 1 Advisor Bio & Contact 2 SVN Lord Partners 11475 Olde Cabin Road, Suite 230, St. Louis, MO 63141 OFFERING MEMORANDUM
FOR SALE HOSPITALITY LAKE COVE HOTEL RESORT - REND LAKE 14711 Freeway Lane Whittington, IL 62897 1 PROPERTY 1 PROPERTY INFORMATION INFORMATION 14711 Freeway Lane Whittington, IL 62897 LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE WHITTINGTON, IL 62897 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Lord Partners Page 3
Property Summary OFFERING SUMMARY Sale Price: Lot Size: Subject To Offer 12.64 Acres Year Built: 2013 Building Size: 78,800 Renovated: 2014 Zoning: Market: Submarket: N/A Rend Lake Recreational Area / Wayne Fitzgerrall State Park / Southern Illinois Whittington, Benton, Marion & Mount Vernon Traffic Count: 31,300 Price / SF: - PROPERTY OVERVIEWVIEW Hotel includes contiguous vacant land and associated parking. DETAILED FINANCIALS AVAILABLE UPON REQUEST. Lake Cove Resort is proud to be the Gateway to the beautiful Rend Lake Area (http://enjoyrendlake.com) and is easily accessible via Interstate 57. Rend Lake is south central Illinois primary tourist destination offering boating, fishing, and golfing. It remains to be one Illinois' top tourist destinations and draws in travelers and sportsmen from Chicago (4.5 hours), Louisville, KY (3 hours) and St. Louis (1.5 hours). Nearby amenities include facilities for weddings, and a winery. Rend Lake offers 18,900 acres of water with 160 miles of shoreline with plenty of room for boating, fishing, hunting and swimming. There is ample parking for RV's, boats and trailers including a special lighted and secured area with free charging stations. Visit www.rendlakecoveresort.com for more information PROPERTY HIGHLIGHTS Hotel includes contiguous vacant land and associated parking. DETAILED FINANCIALS AVAILABLE UPON REQUEST. Hotel can be sold with adjacent five acre lot containing Lake Zone Convenience Store, Restaurant & Lounge, Lake Zone Bait & Tackle, Storage Building, Land, and RV Charging Station. Lake Cove Resort is proud to be the Gateway to the beautiful Rend Lake Area (http://enjoyrendlake.com) and is easily accessible via Interstate 57. LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 4
Property Description PROPERTY OVERVIEWVIEW Hotel includes contiguous vacant land and associated parking. DETAILED FINANCIALS AVAILABLE UPON REQUEST. Lake Cove Resort is proud to be the Gateway to the beautiful Rend Lake Area (http://enjoyrendlake.com) and is easily accessible via Interstate 57. Rend Lake is south central Illinois primary tourist destination offering boating, fishing, and golfing. It remains to be one Illinois' top tourist destinations and draws in travelers and sportsmen from Chicago (4.5 hours), Louisville, KY (3 hours) and St. Louis (1.5 hours). Nearby amenities include facilities for weddings, and a winery. Rend Lake offers 18,900 acres of water with 160 miles of shoreline with plenty of room for boating, fishing, hunting and swimming. There is ample parking for RV's, boats and trailers including a special lighted and secured area with free charging stations. Visit www.rendlakecoveresort.com for more information LOCATION OVERVIEWVIEW Rend Lake Located at the southwest corner of the intersection of State Hwy 37 & 154 1/4 mile from Interstate 57 (Exit 77) in beautiful Southern Illinois LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 5
Complete Highlights SALE HIGHLIGHTS Hotel includes contiguous vacant land and associated parking. DETAILED FINANCIALS AVAILABLE UPON REQUEST. Hotel can be sold with adjacent five acre lot containing Lake Zone Convenience Store, Restaurant & Lounge, Lake Zone Bait & Tackle, Storage Building, Land, and RV Charging Station. Lake Cove Resort is proud to be the Gateway to the beautiful Rend Lake Area (http://enjoyrendlake.com) and is easily accessible via Interstate 57. Rend Lake offers 18,900 acres of water with 160 miles of shoreline; plenty of room for boating, fishing, hunting and swimming. There is ample parking for RV's, boats and trailers including a special lighted and secured area with free charging stations. Modern, comfortable atmosphere and accommodations with flat-screen TV's and refrigerators. Visit www.rendlakecoveresort.com for more information LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 6
Additional Photos LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 7
FOR SALE HOSPITALITY LAKE COVE HOTEL RESORT - REND LAKE 14711 Freeway Lane Whittington, IL 62897 2 LOCATION 2 LOCATION INFORMATION INFORMATION 14711 Freeway Lane Whittington, IL 62897 LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE WHITTINGTON, IL 62897 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Lord Partners Page 8
Regional Map Lake Cove Hotel Resort / Rend Lake LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 9
Location Maps LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 10
Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Hotel w/o Tax w/o Tax Variance +/- YTD +/- YTD % 14,471.47 Jan-17 18,465.69 3,994.22 3,994.22 28% 13,127.59 Feb-17 16,578.40 3,450.81 7,445.03 26% 21,125.80 Mar-17 33,601.74 12,475.94 19,920.97 59% 34,640.99 Apr-17 40,848.64 6,207.65 26,128.62 18% 49,213.63 May-17 52,349.33 3,135.70 29,264.32 6% 53,711.61 Jun-17 64,852.53 11,140.92 40,405.24 21% 47,604.25 Jul-17 49,545.36 1,941.11 65,345.15 4% 30,185.56 Aug-17 53,184.36 22,998.80 45,424.18 76% 29.78% 43,274.57 Sep-17 48,828.24 Oct-17 39,300.01 Nov-17 25,539.47 Dec-17 421,023.19 YTD 329,426.05 12 Month Trailing 486,368.34
Aerial Map Lake Cove Hotel Resort / Rend Lake LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 12
FOR SALE HOSPITALITY LAKE COVE HOTEL RESORT - REND LAKE 14711 Freeway Lane Whittington, IL 62897 3 DEMOGRAPHICS 3 DEMOGRAPHICS 14711 Freeway Lane Whittington, IL 62897 LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE WHITTINGTON, IL 62897 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Lord Partners Page 13
Demographics Report 1 MILE 5 MILES 10 MILES Total population 232 5,442 22,237 Median age 45.6 43.4 41.1 Median age (male) 44.8 42.0 39.0 Median age (female) 48.3 46.3 43.5 Total households 102 2,285 8,836 Total persons per HH 2.3 2.4 2.5 Average HH income 48,113 47,170 45,124 Average house value 120,425 109,052 80,581 * Demographic data derived from 2010 US Census LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 14
Demographics Map POPULATION 1 MILE 5 MILES 10 MILES Total population 232 5,442 22,237 Median age 45.6 43.4 41.1 Median age (male) 44.8 42.0 39.0 Median age (Female) 48.3 46.3 43.5 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 102 2,285 8,836 # of persons per HH 2.3 2.4 2.5 Average HH income 48,113 47,170 45,124 Average house value 120,425 109,052 80,581 * Demographic data derived from 2010 US Census LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 15
FOR SALE HOSPITALITY LAKE COVE HOTEL RESORT - REND LAKE 14711 Freeway Lane Whittington, IL 62897 4 ADVISOR BIOS 4 ADVISOR BIOS 14711 Freeway Lane Whittington, IL 62897 LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE WHITTINGTON, IL 62897 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Lord Partners Page 16
Advisor Bio & Contact 1 KURT LORD Managing Director PROFESSIONAL BACKGROUND As the Managing Director SVN Lord Partners, and a St. Louis native, Kurt Lord directs investment sales activities for the brokerage. 11475 Olde Cabin Road, Suite 230 St. Louis, MO 63141 T 314.862.5566 x14 C 314.960.5258 kurt.lord@svn.com MO #2005034294 As both a real estate broker and a member of the Missouri and Illinois Bar, Kurt utilizes his legal experience to streamline transactions and overcome hurdles in complex transactions. Kurt's area of focus is sales of properties that are between 2 and 15 million in price, and that often have a retail component. Kurt's database and marketing program are tuned to emphasize the attributes of the property and communicate them effectively to specifically targeted buyers. The result: less time on the market and higher sales price. Kurt has sold single tenant buildings, retail shopping centers, land for development and retail oriented medical facilities in Missouri and Illinois. His area of expertise: challenging properties. Examples:selling a 77% vacant retail shopping center for a price 45% above appraised value, a retail shopping center needing significant capital improvements at a price 38% above price in 6 months prior appraisal, selling a bank owned property to a targeted national buyer, within 45 days, and above target price. Kurt has represented many real estate entities, including individuals, family trusts, TIC's, financial institutions, retailers, restaurateurs, and bankruptcy court trustees. Kurt deploys his sales and marketing expertise acquired when he was employed by Procter & Gamble and Coca-Cola. EDUCATION JD - Washington University School of Law (Member: Law Review Executive Board) MBA - Cox School of Business Southern Methodist Univ. BA - Southern Methodist Univ. MEMBERSHIPS & AFFILIATIONS Missouri Bar Illinois Bar ICSC - International Council of Shopping Centers National Association of Realtors Missouri Association of Realtors St Louis Association of Realtors CCIM - Candidate LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 17
Advisor Bio & Contact 2 CHERI SIMON Advisor 11475 Olde Cabin Road, Suite 230 St. Louis, MO 63141 T 314.862.5566 C 314.517.3035 cheri.simon@svn.com MO #2003017606 PROFESSIONAL BACKGROUND Cheri Simon has been associated with the commercial real estate and investment portfolio management industry since 2001. Her knowledge includes purchase acquisition, due diligence, financial, lease negotiation, tenant improvement and sale disposition in various asset classes including office, retail, industrial and multi-family properties across multiple states. In 2014 Cheri joined SVN Lord Partners team of professionals as a local representative for SVN International, the 6th most recognized commercial brokerage firm. The SVN platform connects with 1,500 Advisors and staff in more than 200 offices. Combining Cheri's vast exerience with the use of the SVN s system of leading-edge CRE tech tools and online resources the SVN Lord Partner team provides clients with current deal flow. Cheri has found best practices require focusing on overall cost-efficient negotiations which is effective in increasing the overall value to the client. Licensed in the states of Missouri and Illinois. Cheri s creativity, management skills and vigor are apparent and part of her success which won her the respect of investment owners, tenants, vendors and colleagues. She offers assistance to various non-profit organizations. She leads an active personal life hiking, biking and kayaking around the world. EDUCATION University of Missouri MEMBERSHIPS & AFFILIATIONS C.R.E.W B.O.M.A. I.R.E.M. LAKE COVE HOTEL RESORT / REND LAKE 14711 FREEWAY LANE, WHITTINGTON, IL 62897 SVN Lord Partners Page 18