You can view the full plan here.

Transcription

OUR PRESENTATION
Part 1:
Part 2:
Part 3:
Part 4:
Part 5:
Existing Property Overview
Master Plan / Parcelization Review
Phasing & Cost Estimates
Hotel Due Diligence
Projected City Revenues
Conclusions & Next Steps
2
EXISTING PROPERTY OVERVIEW
3
SITE CONTEXT & LAND USES
4
EXISTING SITE PHOTOS
5
PROPERTY OWNERSHIP / LEASE STRUCTURE
• The land is owned by the US Army Corps of Engineers (“COE”) and is leased to the City of Lewisville
(“City”) and the current lease term ends in 2025. The lease is a 25-year ground lease with renewable
terms.
• Located on the west side of Lake Lewisville and consists of approximately 60 acres (“COE Property”).
• The City manages portions of the COE Property and subleases the rest to other users.
• Current uses of the property consist of:
• Eagle Point Marina
• Sneaky Pete’s Restaurant
• Slalom Shop
• The Denton County Transit Authority (“DCTA”) recently opened a train station at the front door of this
property on I-35 E.
• There is additional land of approximately 5-7 acres which is privately owned and not controlled by the COE
located adjacent to the north of the COE Property. This property is planned for multifamily as part of the
development of the area.
6
A NEW VISION FOR THE LEWISVILLE LAKE LAKEFRONT
7
MASTER PLAN / PARCELIZATION REVIEW
8
CONCEPTUAL MASTER PLAN
537 Contour – Typical
C.O.E. Jurisdictional Limits
9
PARCEL PLAN
Community Park
Tower Bay
Marina
Resort Hotel & Conference Center
DCTA
Slalom Shop
Development Entry Zone
Restaurant Complex
Resort Lodge
Rental Marina & Service
Common Areas
Roads A, B, C, & D
Future Development Parcels
10
RESTAURANT COMPLEX & RENTAL MARINA
RESORT LODGE & CABIN – one lodge
(12,000 sf) and 11 cabins (1,200 sf each).
RESTAURANT COMPLEX – a cluster of three (3) separate yet connected
restaurants (8,000 sf per restaurant) with shared surface parking and
accessibility from boats on the lake as well as a boardwalk from the hotel.
11
DCTA, ROAD D, & FUTURE DEVELOPMENT PARCELS
DCTA – a 120 unit mid-rise apartment
property with podium parking.
12
COMMUNITY PARK & TOWER BAY
TOWER BAY – a 200 unit low-rise apartment
property with tuck-under and surface parking.
13
SLALOM SHOP, MARINA, RESORT HOTEL & CONFERENCE CENTER
RESORT HOTEL – a 300 key, 3½ to 4-star, full-service hotel
with resort amenities (226,000 sf) and underground parking.
CONFERENCE CENTER –
conference space
(30,000 sf) including
pavilion (3,500 sf) plus
ancillary space; total
center (56,500 sf).
14
PHASING & COST ESTIMATES
15
PHASING DIAGRAM & SUMMARY OF COSTS BY PHASE
PHASE I

Common Area (Incl. Roads A, B, E)
Community Park
Future Development Parcels I, II, & III
Marina
Rental Dock & Service
Slalom Shop
Restaurant Complex
Tower Bay
Resort Hotel
Conference Center
PHASE II
Road C
12” Waterline
Resort Lodge & Cabins
PHASE III
Road D
DCTA
Future Development Parcels
TOTAL (Incl. fee & contingency)
$134,500,802
$15,042,297
$2,206,171
$272,303
$69,431
$4,590,530
$821,967
$290,223
$9,652,905
$21,844,526
$64,852,692
$14,857,758
$7,290,427
$606,366
$148,120
$6,535,940
$19,688,284
$69,431
$19,618,852
TBD
$161,479,512
16
SITEWIDE IMPROVEMENTS – COMMON VS PRIVATE
COMMON

Community Park
Marina
Slalom Shop
12” Waterline
Road C
Road D
PRIVATE

Restaurant Complex
Tower Bay
Resort Hotel (Excl. Conference Center)
Conference Center
DCTA
PROJECT TOTAL
$24,116,839
$15,042,297
$2,206,171
$272,303
$69,431
$4,590,530
$821,967
$290,223
$148,120
$606,366
$69,431
$137,362,673
$9,652,905
$21,844,526
$64,852,692
$14,857,758
$6,535,940
$19,618,852
$161,479,512
Common Improvements
Private Improvements
17
PHASE I IMPROVEMENTS
COMMON

Community Park
Marina
Slalom Shop
PRIVATE

$23,292,922
$15,042,297
$2,206,171
$272,303
$69,431
$4,590,530
$821,967
$290,223
$111,207,881
Restaurant Complex
Tower Bay
Resort Hotel (Excl. Conference Center)
Conference Center
PHASE I TOTAL
$9,652,905
$21,844,526
$64,852,692
$14,857,758
$134,500,802
Common Improvements
18
PHASE II IMPROVEMENTS
COMMON
$754,486
Road C
12” Waterline
PRIVATE
$6,535,940
PHASE II TOTAL
$7,290,427
Common Improvements
19
PHASE III IMPROVEMENTS
COMMON
$69,431
Road D
PRIVATE
$19,618,852
DCTA
PHASE III TOTAL
$19,688,284
Common Improvements
20
COMMON IMPROVEMENTS – COMMON AREA & DEV. ENTRY ZONES
TOTAL (Incl. Fee & Contingency)
Main Entry &
Secondary Development Entry
Roads A, B, E
Lake Excavation, Edge/Grading,
Secondary Wall
Promenade Paving, Courtesy Slips,
Breakwater (400 LF)
Water Layout & Sanitary Sewer
$17,248,468
$1,806,182
$2,016,838
$6,100,000
$1,276,800
$1,842,500
21
COMMON IMPROVEMENTS – COMMON AREA – WATER LAYOUT
WATER (PHASE I)
$672,500
Pipe Change
Proposed Water – PHASE I
Proposed Water – PHASE II
Existing (Abandoned)
22
COMMON IMPROVEMENTS – COMMON AREA – SANITARY SEWER LAYOUT
SEWER (PHASE I)
8" Waterline
12" Waterline
12" Waterline by bore
8" Sewer
10" sewer
12" sewer
8" forcemain
12" Forcemain by bore
Lift Station (0.92 MGD)
Abandon exisitng sewer and lift station
Easement Acquisition
3" Forcemain
$1,170,000
0.10 MGD
LIFT STATION
Lift Station
Pipe Change
Proposed Sewer – PHASE I Force Main
Proposed Sewer – PHASE I Gravity
23
HOTEL DUE DILIGENCE
24
COMP SETS / HOTELS
LOCATION
ROOMS
OPENED
DALLAS-FORT WORTH REGIONAL COMP SET (prime comp set)
Hilton Dallas Rockwall
Hilton DFW Lakes Executive Conf Center
Omni Fort Worth Hotel
Marriott Dallas Fort Worth Hotel & Golf
Marriott Dallas Fort Worth Solana
Rockwall
Grapevine
Fort Worth
Fort Worth
Westlake
231
393
614
284
294
2008
1983
2009
2001
1990
TEXAS MID-SCALE RESORTS COMP SET (secondary comp set)
Marriott Horseshoe Bay Resort
La Torretta Lake Resort & Spa
San Luis On Galveston Island
Hyatt Regency Lost Pines Resort & Spa
Lakeway Resort & Spa
Horseshoe Bay
Montgomery
Galveston
Lost Pines
Austin
347
445
242
491
174
2004
1985
1985
2006
1963
LEWISVILLE COMP SET (third comp set)
Homewood Suites
Holiday Inn Express & Suites
Courtyard
Hampton Inn
Hilton Garden Inn
Comfort Suites Vista Ridge Mall
Hampton Inn
Best Western Plus Inn & Suites
Residence Inn
Lewisville
Lewisville
Lewisville
Lewisville
Lewisville
Lewisville
Lewisville
Lewisville
Lewisville
96
90
122
105
165
60
54
64
72
1995
2001
2001
2010
2007
1996
1996
1999
1996
25
SUMMARY OF HOTEL PROJECTED RATES – BASED UPON COMP SET ANALYSIS
Year
2015
Occupancy %
2016
2017
2018
2019
2020
58.0%
65.0%
69.0%
72.5%
72.5%
72.5%
$151.00
$160.03
$169.95
$178.45
$185.41
$190.97
$87.58
$104.02
$117.27
$129.37
$134.42
$138.45
DFW Comps
$122.03
$128.37
$134.53
$139.24
$143.42
$147.72
Texas Comps
$128.67
$134.46
$139.84
$144.03
$148.35
$152.80
$71.17
$76.04
$80.00
$83.95
$86.47
$89.06
ADR
RevPar
RevPar Comps
Lewisville Comps
RevPar Comparison
$150
$130
$110
$90
$70
Notes: Dollar amounts are in thousands
2015
Hotel
2016
DFW
2017
2018
Texas
2019
2020
Lewisville
26
SUMMARY OF HOTEL PROFORMA
Year
2016-2042
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Gross Profit
537,714
10,409
12,886
14,773
16,543
17,306
17,711
18,002
18,298
18,650
18,906
Operating Exp
(201,956)
(5,124)
(5,430)
(5,703)
(5,995)
(6,230)
(6,355)
(6,481)
(6,611)
(6,743)
(6,879)
Fixed Exp, Fees &
Reserve
(142,214)
(3,014)
(3,541)
(4,077)
(4,356)
(4,514)
(4,605)
(4,687)
(4,770)
(4,863)
(4,940)
NOI
193,544
2,271
3,915
4,993
6,192
6,562
6,751
6,834
6,917
7,044
7,087
Construction Cost
(69,628)
0
0
0
0
0
0
0
0
0
0
Net Sales Price
108,351
0
0
0
0
0
0
0
0
0
0
Net Profit
232,267
2,271
3,915
4,993
6,192
6,562
6,751
6,834
6,917
7,044
7,087
Net Profit – Hotel Proforma (2016-2025)
$8,000
$6,000
Notes:
1. Construction costs are incurred in 2014-2015
2. Net Sales Price is projected to be received in 2042
3. Includes Lease Concessionaire Fee to COL
4. Dollar amounts are in thousands
$4,000
$2,000
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
27
PROJECTED CITY REVENUES
28
PROJECTED CITY REVENUES
Summary of Revenues (only on new development)
Rates
• Property Tax: $0.44021
• Sales Tax: 1.0%
• Alcohol Tax: 1.16%
• Hotel/Motel Tax: 7.0%
• Lease Concessionaire Fee
• Hotel/Motel: 1.0%
• Restaurants: 3.0%
Projected Sales Volumes per Restaurant
• Food - $2.0 million per year
• Alcohol - $1.0 million per year
29
SUMMARY OF CITY REVENUES – RESORT HOTEL
Year
Total 2016-2043
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Prop Tax
11,301
263
271
279
288
296
305
314
324
333
343
Sales Tax
5,799
124
141
154
168
176
179
182
185
189
192
H/M Tax
33,304
673
797
899
992
1,033
1,061
1,077
1,093
1,113
1,126
Conc Fee
10,557
220
254
282
310
324
331
336
342
348
353
Total
60,961
1,280
1,463
1,614
1,758
1,829
1,876
1,909
1,944
1,983
2,014
Total Revenues – Resort Hotel
(2016-2043)
Property Tax
Sales Tax
H/M Tax
Conc Fee
City Revenues – Resort Hotel (2016-2025)
$2,500
$2,000
$1,500
$1,000
$500
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
30
SUMMARY OF CITY REVENUES – RESTAURANTS
Year
Total 2016-2043
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Prop Tax
1,628
45
46
47
49
50
52
53
55
57
58
Sales Tax
4,070
95
98
101
104
107
110
113
117
120
124
H/M Tax
0
0
0
0
0
0
0
0
0
0
0
Conc Fee
11,591
270
278
286
295
304
313
322
332
342
352
Total
17,289
410
422
434
448
461
475
488
504
519
534
Total Revenues – Restaurants
(2016-2043)
Property Tax
Sales Tax
H/M Tax
Conc Fee
City Revenues – Restaurants (2016-2025)
$600
$400
$200
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
31
SUMMARY OF CITY REVENUES – TOWER BAY MULTI-FAMILY
Year
Total 2016-2043
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Prop Tax
4,473
100
103
106
109
112
115
119
122
126
130
Sales Tax
0
0
0
0
0
0
0
0
0
0
0
H/M Tax
0
0
0
0
0
0
0
0
0
0
0
Conc Fee
0
0
0
0
0
0
0
0
0
0
0
4,473
100
103
106
109
112
115
119
122
126
130
Total
Total Revenues – Tower Bay MF
(2016-2043)
Property Tax
Sales Tax
H/M Tax
Conc Fee
City Revenues – Tower Bay (2016-2025)
$150
$100
$50
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
32
SUMMARY OF CITY REVENUES – LODGE
Year
Total 2016-2043
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Prop Tax
905
0
0
0
25
26
26
27
28
29
30
Sales Tax
251
0
0
0
6
7
8
8
9
9
9
H/M Tax
1,447
0
0
0
34
40
45
50
52
53
54
Conc Fee
458
0
0
0
11
13
14
15
16
17
17
3,061
0
0
0
76
86
93
100
105
108
110
Total
Total Revenues – Lodge
(2016-2043)
Property Tax
Sales Tax
H/M Tax
Conc Fee
City Revenues – Lodge (2016-2025)
$150
$100
$50
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
33
SUMMARY OF CITY REVENUES – DCTA MULTI-FAMILY
Year
Total 2016-2043
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Prop Tax
5,171
0
0
0
142
146
150
155
160
164
169
Sales Tax
0
0
0
0
0
0
0
0
0
0
0
H/M Tax
0
0
0
0
0
0
0
0
0
0
0
Conc Fee
0
0
0
0
0
0
0
0
0
0
0
5,171
0
0
0
142
146
150
155
160
164
169
Total
Total Revenues – DCTA MF
(2016-2043)
Property Tax
Sales Tax
H/M Tax
Conc Fee
City Revenues – DCTA MF (2016-2025)
$200
$150
$100
$50
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
34
SUMMARY OF CITY REVENUES – ALL SOURCES
Year
Total 2016-2043
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Resort Hotel
60,961
1,280
1,463
1,614
1,758
1,829
1,876
1,909
1,944
1,983
2,014
Restaurants
17,289
410
376
434
448
461
475
488
504
519
534
T Bay MF
4,473
100
103
106
109
112
115
119
122
126
130
Lodge
3,061
0
0
0
76
86
93
100
105
108
110
DCTA MF
5,171
0
0
0
142
146
150
155
160
164
169
Total - All
90,955
1,790
1,942
2,154
2,533
2,634
2,709
2,771
2,835
2,900
2,957
Total – w/o
Lodge & DCTA
82,723
1,790
1,942
2,154
2,315
2,402
2,466
2,516
2,570
2,628
2,678
Total Revenues – All Sources
(2016-2043)
Resort Hotel
Restaurants
City Revenues – All Sources (2016-2025)
$3,000
$2,000
Tower Bay MF
Lodge
DCTA MF
$1,000
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
35
ADDITIONAL POSSIBLE TAX REVENUES VIA TIF DISTRICT – DENTON COUNTY
Year
Total 2016-2041
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Resort Hotel
6,521
169
174
179
185
190
196
202
208
214
221
Restaurants
1,110
29
30
31
32
32
33
34
35
36
38
Tower Bay MF
2,466
64
66
68
70
72
74
76
79
81
81
Lodge
517
0
0
0
16
16
17
17
18
18
19
DCTA
2,957
0
0
0
91
94
97
100
103
106
109
Total Denton
County Taxes
13,572
262
270
278
394
404
417
429
443
455
468
80 % of Total
10,858
210
216
222
315
323
334
344
354
364
374
80% of Ph 1
8,078
210
216
222
230
235
242
250
258
265
272
Addit’l Possible Tax Revenues
(2016-2041)
Resort Hotel
Restaurants
Addt’l Possible Tax Revenues (2016-2025)
$300
$200
Tower Bay MF
Lodge
DCTA MF
$100
$0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
36
SUMMARY REVENUES VS COST
Year
Total 2014-2043
2014
2015
137,363
55,604
55,604
Total Cost Common
24,117
14,612
Total City Rev
90,955
80% of Denton County
Total City & County $
Total Cost Private
2017
2018
0
9,809
16,345
0
0
0
0
0
8,681
0
824
0
0
0
0
0
0
0
0
1,790
1,942
2,154
2,533
2,634
2,709
2,771
2,835
10,858
0
0
210
216
222
315
323
334
344
354
101,813
0
0
2,000
2,158
2,376
2,848
2,957
3,043
3,115
3,189
Phase 1
Future Phases
Revenues vs Cost
(2014-2043)
$4,000
2016
City & County Revenue
(2014-2023)
$3,000
2019
$60,000
2020
2021
2022
2023
Private vs Common Cost
(2014-2023)
$40,000
$2,000
Total City & County
Revenues
$0
City Revenue
County Revenue
$0
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Total Cost Common
$20,000
$1,000
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Total Cost Private
Private Cost
Common Cost
Total Revenue
37
CONCLUSIONS & NEXT STEPS
Conclusions
• Total revenues $101,813,000 vs. projected common costs $24,117,000
• Resort Hotel with approximately 50,000 sf Convention Center is operationally viable
• Question is how to finance today
Next Steps
• Evaluate options for open items
• Prepare RFP to go to market for developer
or
• Engage WJ Team to prepare financing package and go to market for financing
38
OPEN ITEMS
Establish pricing for buyout/release options with leaseholders
• Marina
• Buyout of entire marina
• Release of only area for resort hotel & restaurants
• Annual fee in lieu of release of any areas
• Sneaky Pete’s
• Buyout of ownership
39
FINANCIA
F
AL OPER
RATONS A
AND
DESIGN
N / DEVE
ELOPMEN
NT
ANALYS
SIS
LAK
KE LEWISVILLE
HOTEL & CONFER
RNCE CEN
NTER
Prepared F
For:
Frank Murrphy
Wynne Jacckson
Seeptember 199, 2012
P
PROPRIETA
ARY NOTICE: This Proposaal contains pro
oprietary inform
mation as well as trade secretts of Benchmarrk
H
Hospitality Intternational, Incc. and is submittted to Wynne Jackson for th eir sole use in connection with this RFP. T
The
ccontents of thiss material may
y not be disclossed to others orr reproduced inn whole or in ppart without priior written consent of the
aauthors.
September 19, 2012
Mr. Frank Murphy
Wynne Jackson
600 North Pearl Street, Suite 650, LB 149
Dallas, TX 75201
Dear Frank,
VIA-EMAIL
Thank you for all of your support and desire to work with Benchmark again. We
look forward to meeting members of the City of Lewisville in the near future and
to being a part of making this unique project become a reality.
Space allocation program and general comments on the master plan and
construction budget
Preliminary pro-forma financial projections for the resort
Market research reports
Per our agreement signed on July 17th, included in this document are the
following items:
x
x
x
We appreciate the opportunity and look forward to next steps. I will send our
invoice in a separate email to your attention.
Best regards,ȱ
Alex Cabañas
Cc: Burt Cabañas, Bruce Burkhalter, Mike O’Neil
AlexȱCabañas
President,ȱBusinessȱ
Developmentȱ&ȱFinance
Operationsȱ
ȣȱ
RESORTSȱ&ȱHOTELSȱ
ȣȱ
CONFERENCEȱ
CENTERSȱ
PERSONALȱLUXURYȱ
RESORTSȱ&ȱHOTELSȱ
ȱ
ȱ
4ȱWaterwayȱSquareȱ
Suiteȱ300ȱ
TheȱWoodlands,ȱTexas
77380Ȭ2692ȱ
Telȱ281Ȭ367Ȭ5757ȱ
Faxȱ281Ȭ367Ȭ1407ȱ
BenchmarkHospitality.com
SPACE ALLOCATION
A space program by Benchmark has been included to give a more detailed view and comparison
against what the architects have prepared for Wynne Jackson. We included one 13,000 square
foot ballroom that would accommodate up to 1,000. This would be used for large social and
community events; however, needs to be verified by a more formalized market study. We also
included an exterior wedding pavilion with supporting facilities.
300 Guestrooms, including ten (10) suites
32,500 s.f. Conference Space, including 3,500 s.f. Pavilion
280-seat Market Café
70-seat Bar
100-seat Club Restaurant
40-seat Pool Bar Pavilion
1,200 s.f. Fitness Center
5,800 s.f. spa with eight (8) treatment rooms
Large Lazy River Pool Complex
Tennis Courts
Miniature Golf Course
Lake Sand Beach
Resort Rascals
The summary program is as follows:
x
x
x
x
x
x
x
x
x
x
x
x
x
The architect’s program is at 281,000 gross square feet, while the Benchmark program is at
286,000 gross square feet. The major difference is they have projected 22,500 of function space
and our program is at 32,500. That said, a difference of this size is relatively minor at this stage
in the planning process.
Conceptual Master Plan
The overall plan is well defined. We recommend a bridge that would connect the resort hotel
with the resort lodge site. This would provide easy access for the guest and provide an iconic
feature for the site. The bridge could have a pavilion in the middle for wedding ceremonies, etc.
Additionally, bike trails should be part of the overall experience. The pool and recreational
complex should include more children activities and possibly a miniature golf course. A
children’s camp would further round out the family experience.
Budget
Benchmark has included a line item FF&E and OS&E budget. This budget includes all
operational equipment, including the kitchen and laundry. It also includes a system budget for
computer system and operating software.
Lake Lewisville FF&E Budget
Space Allocation
Space Allocation
Lake Lewisville 8 22
12.pdf
Lake Lewisville FF&E
Budget_91912.xls
PRO-FORMA FINANCIAL PROJECTIONS
Smith Travel Research Trends – Competitive Markets
We chose not to include the Gaylord Texan in the competitive sets due primarily to the
size of the facility in comparison to the other properties chosen. If included, the
Gaylord’s reported results to Smith Travel Research would sufficiently skew the results.
While we have not direct knowledge of the performance of the Gaylord Texan, we are
familiar enough with it to safely assume the performance is in line with the regional
competitive set.
The third set used for the pro-forma is the Lewisville Comp Set with nine Lower-Priced
Hotels. This set occupancy for 2011 was at 67.9%, but is showing a 1.5% increase
through July 2012. Their ADR for 2011 was $90, resulting in a RevPAR of $61. The
comp set will likely lose occupancy when the Lewisville Hotel & Conference Center is
open; pushing the comp set occupancy stabilization to 2018. The set’s occupancy is
projected to stabilize at 70.6% in 2018.
A second set used for the pro-forma is the Texas Mid-Scale Resorts Comp Set with
Marriott Horseshoe bay Resort, La Torretta & Spa, San Luis on Galveston Island, Hyatt
Regency Lost Pines Resort and Spa and Lakeway Resort & Spa. The information from
this set is related to the group business at a destination resort. While the ADR is greater
than the Dallas-Fort Worth Regional Comp Set, the low occupancy is caused by several
underperforming assets. The set occupancy for 2011 was only at 51.1%, but is showing a
5.7% increase through July 2012. Their ADR for 2011 was $186, resulting in a RevPAR
of $95. The set’s occupancy is projected to stabilize at 58.0% in 2014.
The prime comp set is the Dallas-Fort Worth Regional Comp Set with the properties of
Hilton Dallas Rockwall, Hilton DFW Lakes Executive Conference Center, Omni Fort
Worth Hotel, Marriott Dallas Fort Worth Hotel and Golf and Marriott Dallas Fort Worth
Solana. This comp set gives us a picture of the main competitor for the Lake Lewisville
Hotel & Conference Center. The set finished 2011 at 68.2% occupancy and through July
2012 is at 71.0%, a 1.3% increase compared to the same time in 2011. Their ADR for
2011 was $138, resulting in a RevPAR of $94. The set’s occupancy is projected to
stabilize at 72.5% in 2015.
Overall: Three comp sets were analyzed to project the room occupancy, average daily room rate
(ADR) and Room Revenue per Available Room (RevPAR) for the Lake Lewisville Hotel &
Conference Center.
x
x
x
x
x
Pro Forma Projections: Compared to the Dallas_Ft. Worth Regional Comp Set, the
Lake Lewisville Hotel & Conference Center is projected to stabilize in 2018 with
occupancy at 72.5%, an index of 100%. The 2018 ADR index is expected at 92.9%
index, resulting in a RevPAR index of 92.9%.
Proforma
Financial Analysis of Pro Forma Income and Expenses
Administrative & General: This category includes the salary and wages of the general
manager and office staff, cash overages and shortages, credit card commissions, bad debt
expense, security, data processing costs, accounting payroll expense, and professional
fees. The pro-forma expense in year one is $1.8M at 8.4% of the revenue, decreasing to
6.8% of the total revenue in year five. The total spend is comparable to the BHI resort/
conference center portfolio.
Spa: The Spa facility is scheduled to have eight treatment rooms. Based on an 18%
utilization of the space at an overall average of $115 per treatment the revenue in year
one is $949K. This department cost is highly payroll dependent and the Benchmark
portfolio profit is 30%. Starting in year one, the profit is 19%, but as the treatments
increase the revenue in year five is projected at 1.4M and a profit of 438K, a 32% profit.
Conference Services: This department is related to the services provided to a group in
the hotel requiring service for their meeting space, training sessions or retreats. All of the
processes that it takes to meet the customer needs. The profit level is at 50% in year one,
growing to 55% as more revenue is generated.
Food & Beverage: Revenue is derived from the sales at food and beverage outlets
including restaurants, bars, banquets, and lounges. The hotel F&B year one revenue of
$8.5M is based on spend at $134 per occupied room night, RPOR. The profit % of
28.3% equals $2.0M, 23.8%. As the hotel stabilizes in year five, the revenue is $12.5M
and the profit grows $3.5M, a 28.5% profit.
Rooms Department: Rooms revenues are based on the number of occupied rooms
multiplied by the average daily rate. The Lewisville Hotel & Conference Center rooms
department profit in year one is at 72.1%, growing to 77.5% in year five as the ADR
CAGR increases to 5.3% and the Cost per Occupied Room, (CPOR) remains flat. The
CPOR remains flat due to the increase in room nights and the economy of scales of
spreading the fixed cost over an increase of +16,000 room nights. 60% of the CPOR is
related to fixed costs.
Overall: All financial data is presented according to the three most common measures of
industry performance: Ratio to sales, Amounts per available room (PAR), and Amounts per
occupied room night (POR). These ratios have been used to generate the majority of the income
and expense comparisons in the pro forma.
x
x
x
x
x
x
Sales & Marketing: This expense includes the cost of advertising, printing of brochures,
salaries associated with sales and marketing personnel, marketing fees and other costs
associated with an ongoing sales and promotion program. The estimation for year one a
total marketing expense of $4,740 per available room, or 6.5% of total revenues.
Stabilized, this expense key performance indication will decrease to 5.4 of total revenues.
The pro-forma is projecting spending $1.4M in year one. The total spend is comparable
to the BHI resort/ conference center portfolio.
Insurance is comparable to the BHI resort/ conference center portfolio. The expense has
in inflation factor of 3% increase per year.
Property tax is based on the hard cost of $61M using the Lewisville rate of 2.14%. In
subsequent years the expense is increased by a factor of 2% per year.
Shared Services fee of 1% is for home office IT support, Benchmark University training
and National Sales support.
Management fees are at 3% of Gross Revenue.
Property operations and maintenance expenses are a function of building age and
usage and comprise engineering salaries, wages, employee benefits, normal maintenance
of the building, normal maintenance of electrical, mechanical and refrigeration
equipment, and engineering operating supplies. The estimate in year one 4.2 percent of
total revenues, or $3,073 per available room.
Proforma
x
x
x
x
x
Reserve for Replacement is for the amount required for the periodic replacement of
certain short-lived items such as carpeting, draperies, furniture, fixtures, and equipment.
The pro-forma includes an estimated a reserve for capital replacement of 2.0 percent of
gross revenues in its first year of operation, 3.0 percent in its second year and 4.0 percent
in the subsequent years. These amounts are in line with current hotel industry standards.
Dallas_FortWorth
Trend Report Apr 200
Proforma
Dallas – Ft. Worth Trend Report
Lewisville Trend
Report 2006-Jun 201
Benchmark
Hospitality - LLR Pro-f
Lewisville Trend Report
Texas Mid-Scale
Resorts Trend Report
HHDallas3Q12.pdf
Texas Mid-Scale Resorts Trend Report
PKF Dallas Hotel Horizon
VOLUME VI - ISSUE III
DALLAS
SEPTEMBER - NOVEMBER 2012 EDITION
PRICE: $495
HOSPITALITY
RESEARCH LLC
2007
Year
58.5%
60.1%
Occ
-2.7%
-2.7%
Δ Occ
$82.45
$84.62
$94.16
$91.93
ADR
-2.6%
-10.1%
2.4%
7.3%
Δ ADR
$45.04
$43.33
$55.05
$55.24
3.9%
-21.3%
-0.3%
4.4%
RevPAR Δ RevPAR
DALLAS
SUMMARY
DALLAS FORECAST
FORECAST SUMMARY
Looking towards 2013, Dallas RevPAR is expected to grow 6.8%.
This is better than the rate of growth in 2012. Unlike 2012, prospects
for RevPAR growth in the upper-priced segment (positive 7.8%) are
better than in the lower-priced segment (positive 4.7%). Dallas
market occupancy levels are expected to range from 60.6% to 63.8%
during the 5-year forecast period.
Leading the way in 2012 RevPAR growth is the lower-priced
segment of Dallas. The properties in this category are forecast to
attain a 2.8% gain in ADR and see a 3.6% increase in occupancy,
resulting in a 6.5% RevPAR increase. Upper-priced hotels are
projected to experience an ADR growth rate of 1.7%, along with a
1.1% gain in occupancy, resulting in a 2.8% RevPAR increase.
HOTEL
MARKET
SUMMARY
HOTEL MARKET
SUMMARY
By year-end 2012, Dallas hotels are forecast to see a RevPAR
increase of 4.7%. This is the result of an estimated increase in
occupancy of 2.5% and a 2.1% gain in average daily room rates
(ADR). The 4.7% advance in Dallas RevPAR is less than the national
projection of a 6.7% increase.
For more information about this market please contact:
Randy McCaslin at [email protected]
or Christian Abbate at [email protected]
REGIONAL
ECONOMIC
REGIONAL ECONOMIC
SUMMARY SUMMARY
“The Eleventh District economy grew at a moderate pace over the
past six weeks. Overall manufacturing activity continued to expand.
Demand for business services remained solid, and transportation
services activity increased. Respondents said retail sales grew at a
somewhat slower pace than the last report, and automobile sales held
steady. Financial firms noted mixed loan demand. Overall energy
activity remained strong, although gas-directed drilling continued to
decline. Agricultural conditions deteriorated slightly. Employment
levels were steady to slightly higher, and prices were mostly
unchanged. Wage pressures remained minimal. Outlooks across
industries were generally positive, but some respondents expressed
concern about European debt issues, U.S. political uncertainty, and
healthcare costs.
The housing sector continued to improve. Commercial real estate
leasing activity remained steady since the last report. Energy and
technology sectors continue to drive demand for space, particularly in
Houston. Contacts were optimistic but remained concerned about the
pace of U.S. economic activity.”
Federal Reserve Bank Beige Book, July 18, 2012
2008
6.7%
4.7%
11.9%
-12.4%
$50.42
51.2%
3.4%
54.6%
$85.29
2010
8.2%
2009
59.1%
$52.76
DALLAS: NEXT FOUR QUARTERS
DALLAS: NEXT FOUR QUARTERS
2011
$56.32
6.8%
2.1%
7.8%
6.8%
5.3%
$60.17
$91.76
$64.88
$87.12
5.8%
$68.92
1.4%
6.0%
2.5%
$97.06
5.0%
61.4%
$102.87
60.6%
1.0%
$108.04
2013F
62.0%
1.1%
1.7%
2012F
63.1%
Occupancy
2014F
63.8%
Δ RevPAR: 2.7%
Source: PKF Hospitality Research, LLC, Smith Travel Research
Δ ADR: 2.1%
6.2%
2015F
3.0
2007
2008
2009
2011
2012F 2013F
2014F 2015F 2016F
PRICE: $495
2010
EXHIBIT
Performance
Gradevs.
vs.Long
Long Run
Run Average
EXHIBIT
1**: 1**:
Performance
Grade
Average
Occupancy: 60.8%
Long Run Averages - 1988 to 2011
2016F
The arrows show the forecast direction of change over the next 4
quarters vs. the previous 4 quarters. Green indicates the change will
be above the long run average, and red indicates it will be below.
Occupancy will increase to 61.2%, better than the previous
4 quarters' rate of 59.8%, and above the long run average
of 60.8%
Average Daily Rate
ADR growth expectations are increasing, 4.9% vs. the past
4 quarters' rate of 0.4%, and are above the long run
average of 2.1%
Revenue Per Available Room
2.0
1.0
0.0
-1.0
-2.0
-3.0
-4.0
** See Appendix for exhibit descriptions
www.pkfc.com
* Red indicates above long-term average
RevPAR growth projections are climbing to 7.3% as
compared to the past 4 quarters' rate of 4.8%, and are
greater than the long run average of 2.7%
Supply*
Supply growth is less active, 0.9% vs. the past 4 quarters'
rate of 1.2%, and under the long run average of 2.7%
Demand
Forecast demand growth is falling, 3.3% vs. the past 4
quarters' rate of 5.6%, but is greater than the long run
average of 3.2%
Source: PKF Hospitality Research, LLC
VOLUME VI - ISSUE III
Number of Standard Deviations
HOTEL HORIZONS® FORECAST
Dallas Economic Summary
DALLAS, TX
Below are a select number of variables that drive the PKF-HR econometric forecasts contained in this report. Income and employment are important
barometers of economic health and are used in every Hotel Horizons ® forecast model. The lodging market is part of the larger economy, and the
forces that affect us nationally also affect lodging, but in different magnitudes and time periods (see Exhibits 4 and 5 below). Exhibits 2 - 6 provide an
See graph below
.2
11
.3
11
20
.4
11
Income (Left)
20
20
.1
12
20
.2
12
.3
12
20
.4
12
RevPAR (Right)
20
Demand (Right)
.4
12
12.0%
*See Appendix for exhibit descriptions
'94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16
Total Payroll Employment
Exhibit 3*: Employment Change
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
Source: Moody's Analytics
Employment (Left)
Exhibit 5*: Quarterly Employment vs. Demand Change
3.0%
20
0.0%
5.0%
10.0%
15.0%
10.0%
.3
12
2.5%
20.0%
20
8.0%
.2
12
2.0%
20
6.0%
.1
12
1.5%
20
4.0%
.4
11
1.0%
20
2.0%
.3
11
0.5%
20
-5.0%
.2
11
0.0%
20
0.0%
.1
11
-10.0%
20
3.6%
Change in Real Personal Income
3.5%
Source: Moody's Analytics, PKF-HR, Smith Travel Research
Dallas 2012 to 2016
4.9%
Change in Gross Metro Product
3.9%
Exhibit 6*: Average Annual Growth Rates
Dallas 1988 to 2011
2.6%
Change in Consumer Price Index
2.6%
See graph below
overview of current economic history and forecast, and provide explanation of what to expect in the future, and how that affects the lodging industry.
20
25.0%
'94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16
Real Personal Income
Exhibit 2*: Income Change
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
-8.0%
-10.0%
.1
11
Exhibit 4*: Quarterly Income vs. RevPAR Change
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
20
3.0%
Change in Total Employment
1.8%
Source: Moody's Analytics, PKF-HR, Smith Travel Research
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
P. 2 | PKF HOSPITALITY RESEARCH, LLC
Dallas Hotel Summary
DALLAS, TX
The graphs on the left illustrate the magnitude of change in performance during the historical and forecasted period 2007 to 2016. Used as a relative
benchmark, each market segment is plotted against a common index value of 2007 = 100. This method provides clear insight of how each market
2013F
2014F
2015F
2016F
2012F
2013F
2013F
2014F
2014F
2015F
2015F
2016F
2016F
10%
5%
0%
10%
5%
0%
10%
5%
0%
1.6%
All Hotels
3.0%
All Hotels
6.9%
All Hotels
Past 5 Years
2.9%
1.1%
Lower-Priced
1.3%
Next 5 Years
2.3%
Upper-Priced
3.5%
Past 5 Years
3.6%
Upper-Priced
Past 5 Years
-1.8%
6.8%
Upper-Priced
Next 5 Years
-0.1%
2.5%
Lower-Priced
Next 5 Years
6.3%
Lower-Priced
-4.0%
-5%
-2.3%
Exhibit 12*: Compound Average Annual RevPAR Change
-5%
1.6%
Exhibit 11*: Compound Average Annual Demand Change
-5%
2.0%
Exhibit 10*: Compound Average Annual Supply Change
segment performed and is expected to perform in relation to others in the specified period. The charts on the right compare near-term historical
2012F
compound annual growth rates (CAGR) to the CAGRs for the forecast period.
2011
Upper-Priced Hotels
2009
All U.S.
2008
All Hotels
2007
Lower-Priced Hotels
2010
Exhibit 7*:80Occupancy110
Change
110
105
100
95
90
85
80
2011
2010
Upper-Priced Hotels
2009
All U.S.
2008
All Hotels
2007
Lower-Priced Hotels
Exhibit 8*:80ADR Change
130
130
120
110
100
90
80
2012F
2011
Upper-Priced Hotels
2009
All U.S.
2008
All Hotels
2007
Lower-Priced Hotels
2010
Exhibit 9*:70RevPAR Change
130
130
120
110
100
90
80
70
2009
2009
2009
2009
2008
2007
Year
1
Annual
4
3
2
1
Annual
Annual
Period
55.1%
56.5%
53.8%
51.2%
48.2%
51.7%
53.4%
51.7%
58.5%
60.1%
Occ
6.6%
5.9%
4.2%
-12.4%
-7.9%
-15.0%
-13.7%
-12.4%
-2.7%
Δ Occ
-2.7%
$79.30
$82.67
$85.29
$84.62
$82.31
$80.74
$84.72
$90.67
$94.16
$91.93
-1.8%
-2.4%
-5.9%
-10.1%
-10.9%
-10.3%
-11.2%
-8.2%
2.4%
Δ ADR
7.3%
$43.70
$46.75
$45.89
$43.33
$39.66
$41.73
$45.22
$46.84
$55.05
$55.24
RevPAR
4.7%
3.4%
-2.0%
-21.3%
-18.0%
-23.7%
-23.3%
-19.6%
-0.3%
4.4%
Δ RevPAR
2.5%
3.1%
3.4%
2.5%
3.4%
2.7%
1.9%
2.1%
2.0%
1.1%
Δ Supply
9.3%
9.2%
7.7%
-10.2%
-4.8%
-12.7%
-12.0%
-10.6%
-0.7%
Δ Demand
-1.7%
DALLAS, TX
2009
2
2010
3
9.5%
11.9%
Dallas Forecast - All Hotels
2010
1.6%
ADR
2010
10.6%
10.5%
$43.86
8.2%
10.7%
0.4%
0.7%
6.6%
$82.65
0.3%
10.1%
10.8%
1.1%
53.1%
9.1%
4
$51.78
7.6%
2010
$47.68
1.0%
0.7%
$47.19
2.7%
1.2%
3.9%
$83.26
2.1%
19.9%
$80.23
$55.05
10.0%
$84.37
9.0%
$45.04
7.8%
0.8%
5.0%
2.7%
9.6%
62.2%
5.4%
11.9%
1.6%
4.6%
-2.6%
59.4%
$50.42
-4.1%
1.7%
3.7%
$93.44
2
55.9%
3.4%
$52.80
7.9%
1.8%
4.0%
$82.45
3
$85.29
-5.1%
$55.88
8.2%
1.0%
9.5%
2011
4
8.2%
$88.67
4.5%
$51.57
7.6%
6.7%
2011
59.1%
1.1%
$87.05
5.3%
$50.79
58.9%
2011
Annual
59.6%
3.2%
$84.47
4.8%
54.6%
2011
1
64.2%
2.7%
$88.43
1
2012
2
61.1%
2.7%
Annual
2012
3
57.4%
2010
2012F
4
2011
2012F
1.7%
4.0%
2.2%
1.5%
1.2%
0.3%
2.2%
4.7%
6.8%
2.8%
6.8%
7.8%
$52.76
$60.17
6.2%
10.6%
$56.32
5.8%
$64.88
0.8%
5.6%
3.9%
2.1%
$97.06
6.0%
$68.92
15.3%
1.2%
1.7%
5.3%
1.0%
$102.87
5.0%
$53.41
4.8%
1.7%
$87.12
1.7%
$108.04
5.1%
$50.91
$54.34
$91.76
62.0%
1.1%
$88.21
0.4%
-0.4%
2.5%
63.1%
9.7%
$85.15
$87.83
1.4%
Annual
63.8%
2.2%
60.6%
Annual
60.5%
4.3%
61.4%
2014F
Annual
61.9%
Annual
2015F
Year to Date
59.8%
Annual
2016F
Year to Date
2013F
2011 2Q
Trailing 4 Qtrs
2012F
2012 2Q
1991
1993
1995
1997
U.S.
1999
2001
2003
2005
2007
Dallas
2009
2013F
2015F
*See Appendix for exhibit description
2011
4.0%
2012 2Q
1989
Exhibit
Standardized
Changes
in Real
RevPAR
Movements
Over Over
Time Time
Exhibit13*:
13*:Dallas
Dallas
Standardized
Changes
in Real
RevPAR
Movements
3
2
1
0
-1
-2
-3
Number of Standard Deviations
Dallas Forecast - Upper-Priced Hotels
DALLAS, TX
-21.2%
-23.8%
4.0%
4.2%
4.2%
3.4%
-6.3%
1.7%
-6.2%
-10.5%
-9.3%
Δ Demand
$65.21
-15.0%
Δ Supply
$59.93
-20.3%
14.7%
13.4%
Δ RevPAR
-11.9%
$59.50
3.8%
4.3%
11.1%
10.8%
RevPAR
-12.5%
$63.69
6.7%
0.2%
1.3%
2.5%
9.6%
12.5%
ADR
$118.21
-12.9%
7.0%
3.0%
8.6%
Occ
$110.43
-11.5%
$69.58
$70.46
11.5%
0.4%
4.5%
Period
$113.03
$64.13
6.2%
0.0%
3.9%
Year
-9.9%
-13.5%
$117.31
$66.33
22.8%
0.0%
2.3%
55.2%
-2.4%
-3.4%
-7.8%
$67.62
10.6%
1.8%
-3.1%
54.3%
-9.9%
$114.15
$117.52
1.6%
-1.0%
$86.51
7.1%
1.5%
2
52.6%
8.7%
$109.30
-2.8%
$76.92
5.6%
3.0%
3
54.3%
10.5%
$114.83
12.5%
$68.69
6.7%
$81.25
2009
4
60.0%
8.1%
$113.96
1.8%
$70.04
0.5%
5.3%
2.9%
Δ ADR
7.9%
2009
Annual
61.0%
9.7%
$132.15
2.5%
3.0%
5.3%
$132.32
2009
1
58.7%
9.3%
$116.23
3.4%
11.7%
3.6%
3.3%
Δ Occ
-4.6%
2009
2
57.8%
9.2%
$112.03
-6.6%
3.8%
4.2%
61.4%
2010
3
59.3%
8.6%
$118.79
$75.52
6.5%
2.0%
2.8%
Annual
2010
4
65.5%
4.5%
5.2%
$80.77
7.0%
3.1%
3.5%
2007
2010
Annual
66.2%
2.1%
$119.94
-6.5%
$81.95
6.2%
0.4%
4.0%
4.2%
2010
1
61.3%
6.1%
$123.51
4.7%
$73.50
2.8%
1.8%
3.6%
4.2%
2010
2
59.0%
-0.1%
$121.74
5.5%
$74.42
7.8%
3.3%
-1.7%
2011
3
63.0%
1.7%
$118.15
5.0%
$77.65
7.3%
3.7%
-20.3%
2011
4
65.4%
1.5%
$124.71
1.7%
$83.69
7.1%
$70.32
2011
Annual
67.3%
1.2%
$122.01
5.2%
$89.83
5.0%
9.1%
$79.88
2011
1
62.2%
1.1%
$128.32
5.6%
$96.20
0.2%
4.2%
4.1%
0.2%
2011
2
59.7%
2.5%
$135.49
6.3%
$101.03
16.7%
2.1%
3.3%
-8.5%
2012
3
63.6%
1.7%
$144.05
5.1%
$81.72
2.7%
-0.4%
$127.52
2012
4
65.2%
0.7%
$151.40
7.2%
$75.44
$81.36
$132.53
2012F
Annual
66.3%
-0.1%
$124.14
0.6%
-1.2%
-1.8%
2012F
Annual
66.8%
8.9%
$119.21
$122.61
-12.9%
2012F
Annual
66.7%
0.8%
55.1%
2013F
Annual
65.8%
2.0%
60.3%
2014F
Annual
66.4%
1
2015F
Year to Date
63.3%
Annual
2016F
Year to Date
2008
2011 2Q
Trailing 4 Qtrs
2009
2012 2Q
2012 2Q
Full-Service Hotels - Percent of Total Revenue - 2011
Dallas Financial Benchmarks* - Full-Service Hotels
27.5%
67.5%
27.3%
68.0%
150 to 300 Rooms‡
67.4%
ADR Between $100 & $200†
27.0%
South Central Region
Rooms Revenue
57.4%
42.6%
Financial Line Item
Food and Beverage Revenue
60.1%
39.9%
28.6%
61.5%
27.6%
7.5%
28.8%
38.5%
28.2%
32.5%
Total Departmental Expenses
Total Undistributed Expenses
33.3%
Total Departmental Income
Gross Operating Profit
7.8%
Dallas Upper-Price Average Size: 242 Rooms
† Dallas Upper-Price Average ADR: $119.94
‡
21.3%
7.7%
24.7%
Management Fees, Property Taxes, and Insurance
25.6%
Net Operating Income**
*Data from 2012 "Trends® in the Hotel Industry" report
**Before deductions for capital reserves, rent, interest, income taxes, depreciation, and amortization.
Please contact Claude Vargo at (855) 223-1200 for more information.
For a more comparable and detailed financial comparison, we recommend a PKF Benchmarker SM report.
2009
2009
2009
2008
2007
Year
4
3
2
1
Annual
Annual
Period
48.8%
48.7%
44.6%
49.6%
51.9%
48.9%
57.0%
59.1%
Occ
-0.1%
-14.6%
-12.7%
-18.9%
-14.0%
-12.1%
-3.5%
Δ Occ
-1.2%
$53.08
$55.29
$52.94
$54.52
$56.12
$57.39
$62.33
$60.16
-7.5%
-11.3%
-12.9%
-12.1%
-11.3%
-9.0%
3.6%
Δ ADR
7.8%
$25.91
$26.94
$23.59
$27.04
$29.14
$28.05
$35.56
$35.55
RevPAR
-7.6%
-24.2%
-23.9%
-28.7%
-23.7%
-20.0%
0.0%
6.5%
Δ RevPAR
2.7%
1.4%
2.7%
1.5%
0.8%
0.5%
0.4%
0.7%
Δ Supply
2.5%
-13.4%
-10.3%
-17.7%
-13.3%
-11.7%
-3.1%
Δ Demand
-0.5%
DALLAS, TX
2009
1
Annual
Dallas Forecast - Lower-Priced Hotels
2009
ADR
2010
50.8%
49.3%
11.4%
9.9%
4.3%
10.6%
$53.22
$53.55
$55.42
$52.66
$52.31
2.2%
2.2%
0.7%
4.4%
-4.7%
-1.2%
$30.18
$28.58
$30.82
$31.58
$29.72
$26.76
$25.78
8.5%
0.1%
12.7%
10.9%
13.3%
12.1%
14.7%
-0.7%
9.3%
0.2%
0.2%
0.3%
0.5%
1.0%
0.6%
0.6%
1.3%
1.5%
2.4%
1.9%
0.6%
3.9%
4.1%
4.0%
4.7%
2.6%
11.3%
9.1%
11.5%
12.8%
11.5%
6.8%
12.7%
8.0%
4
53.6%
$53.46
2.3%
$29.75
8.2%
0.3%
1.0%
4.6%
Annual
59.0%
8.5%
10.9%
$53.89
-1.9%
$34.25
9.1%
0.3%
4.0%
2.6%
2010
1
57.9%
10.2%
$54.34
3.8%
$33.34
6.5%
0.7%
4.4%
2.5%
2010
2
53.5%
2.1%
$55.59
4.3%
$31.18
4.7%
1.3%
0.6%
2011
3
56.0%
4.5%
$55.49
4.9%
$32.13
4.9%
2.1%
-3.3%
2011
4
54.7%
3.8%
$56.10
2.8%
$33.63
8.1%
$27.20
2011
Annual
61.6%
3.9%
$55.39
4.3%
$35.28
7.7%
12.2%
$28.17
2011
1
60.1%
3.6%
$57.79
4.6%
$38.13
1.4%
6.9%
3.7%
-4.5%
2011
2
55.6%
0.3%
$60.44
5.3%
$41.06
13.3%
0.5%
0.4%
-5.2%
2012
3
58.0%
0.3%
$63.64
5.4%
$30.65
8.0%
4.4%
$52.09
2012
4
58.2%
2.6%
$67.05
2.4%
$30.85
$32.00
$53.19
2012F
Annual
58.4%
2.2%
$54.44
1.5%
1.0%
5.3%
2012F
Annual
59.9%
10.6%
$54.19
$55.00
2.0%
2012F
Annual
61.2%
3.3%
52.2%
2013F
Annual
56.3%
6.4%
53.0%
2014F
Annual
58.2%
3
2015F
Year to Date
56.9%
2
2016F
Year to Date
2010
2011 2Q
Trailing 4 Qtrs
2010
2012 2Q
ADR Under $70†
Under 100 Rooms‡
2012 2Q
South Central Region
Dallas Financial Benchmarks* - Limited-Service Hotels
Financial Line Item
Limited-Service Hotels - Percent of Total Revenue - 2011
0.0%
71.4%
28.6%
98.9%
29.1%
0.0%
70.9%
99.1%
73.2%
26.8%
31.1%
0.0%
Total Departmental Expenses
31.8%
9.5%
40.3%
98.1%
Total Departmental Income
30.2%
39.1%
Rooms Revenue
Total Undistributed Expenses
43.0%
Food and Beverage Revenue
Gross Operating Profit
9.1%
‡ Dallas Lower-Price Average Size: 90 Rooms
† Dallas Lower-Price Average ADR: $53.89
30.8%
8.6%
30.0%
Management Fees, Property Taxes, and Insurance
34.4%
Net Operating Income**
*Data from 2012 "Trends® in the Hotel Industry" report
**Before deductions for capital reserves, rent, interest, income taxes, depreciation, and amortization.
Please contact Claude Vargo at (855) 223-1200 for more information.
For a more comparable and detailed financial comparison, we recommend a PKF Benchmarker SM report.
DECEMBER 2011 - FEBRUARY 2012 EDITION
National Horizon Profile
Average ADR growth for 2013-2014
change in average daily rate (ADR) from 2012 to 2013 and 2014.
3
2
2
4
3
4
3
3
1
2
3
2
3
Nashville
New Orleans
New York
Newark
Oahu
Oakland
Orlando
Philadelphia
Phoenix
Pittsburgh
Portland
NATIONAL FORECAST
Raleigh-Durham
Richmond
5-7%
www.hotelhorizons.com
Detroit
Fort Lauderdale
Fort Worth
Hartford
Houston
Indianapolis
Jacksonville
Kansas City
Long Island
Los Angeles
Memphis
Miami
Minneapolis
4-5%
2
2
3
2
3
4
3
2
1
2
2
DALLAS, TX
7+%
West Palm Beach
Washington DC
Tucson
Tampa
Seattle
San Francisco
San Diego
San Antonio
Salt Lake City
Saint Louis
Sacramento
This page showcases the PKF Hospitality Research, LLC Hotel Horizons® forecasting universe. The map below displays the average annual
Albuquerque
Anaheim
Atlanta
Austin
Baltimore
Boston
Charlotte
Chicago
Cincinnati
Cleveland
Columbus
Dallas
Denver
2
2
2
1
3
1
2
1
3
3
1
3
3
Quarterly Hotel Horizons® reports are available for the nation and all the markets shown below.
1
2
1
2
1
4
3
4
2
2
3
3
4
0-4%
Dallas Market Profile
DALLAS, TX
77,936
% Market
Total Room Supply:
Rooms
Properties
% Market
Lower-Priced Brands
Rooms
3.9%
4.2%
Properties
3,270
Upper-Priced Brands
3,062
Dallas Top Brands
9
2.7%
3.0%
32
2,102
2,356
La Quinta Inns & Suites
23
26
Budget Suites of America
Motel 6
Holiday Inn Express
3.6%
3.3%
3.6%
3.2%
2,781
2,563
2,819
2,528
7
4
5
17
Sheraton Hotel
Hilton
Marriott
Courtyard
1.8%
Source: Smith Travel Research
1,394
2.9%
19
2,273
Comfort Suites
3
% Market
5
3
1,451
436
234
Rooms
1.9%
0.6%
0.3%
% Market
0
2
5
1,935
27
0
538
1,370
Rooms
2.5%
0.0%
0.0%
0.7%
1.8%
% Market
Unclassified / Independent
Rooms
0.6%
16
1
Lower-Priced
495
1.3%
0.3%
0.3%
Upper-Priced
Hyatt
Dallas Supply Pipeline
241
215
8
Properties
4
1,004
2
3.0%
Properties
Pre-Planning
7
2
0.0%
2,336
Properties
Planning
32
26
Phase
Final Planning
1
2.3%
In Construction
1,772
Pre-Planning
Phase
The project will go out for bids, or construction will start within 4 months.
An architect or engineer has been selected for the project and plans are underway. Initial approvals have usually been granted.
No architect has been selected
Definition
Source: Dodge / TWR / STR / PKF-HR
14
Total
Planning
Pipeline Status Definitions
Final Planning
Ground has been broken or the owner is finalizing bids on the prime (general) contract.
Source: Dodge / TWR / STR
In Construction
For sources of information regarding local convention, air travel, and economic development activity, please visit
www.pkfc.com/localmarketinfo
Dallas Submarket Map
Dallas Submarket Summary
77,936
DALLAS, TX
Total Room Supply:
8.5%
% Market
16.8%
32
39
3,553
5,209
3,321
4,729
Rooms
3,520
4.6%
6.7%
4.3%
6.1%
% Market
4.5%
51
62
41
68
8,351
7,316
5,297
11,327
Rooms
16,616
10.7%
9.4%
6.8%
14.5%
% Market
21.3%
Totals
Rooms
13,096
2.5%
29
54
Lower-Priced
6,598
2.7%
Upper-Priced
1,976
6.2%
Submarket
29
2,107
Properties
67
9
4,798
Properties
32
8
Properties
35
Farmers Branch/Stemmons Fwy
22
Irving North
12
2,577
2,094
3.3%
2.7%
19
35
2,171
3,235
2.8%
4.2%
34
47
4,748
5,329
6.1%
6.8%
Addison/LBJ Freeway
Market Center
Irving South/Grand Prairie
E Plano/Richardson
15
8.4%
13.2%
13.8%
W Plano/Frisco
6,545
10,272
10.5%
73
162
8,206
2.1%
0.6%
10,746
474
86
1,661
165
3
100.0%
621
77,936
13
54.6%
Southeast
42,555
Denton/Lewisville/McKinney
475
35,381
45.4%
146
Total
Out of 9
9
Submarket Rank*
Submarket Profile - Market Center
The Dallas Downtown / Market Center submarket consists of
hotels located in downtown Dallas near the Convention Center,
Reunion Arena, Reunion Tower and American Airlines Center. It
also extends to the properties located in the Uptown/Turtle Creek
area and near the Market Center complex.
16,616
DALLAS, TX
Total Rooms:
Submarket Penetration*
140%
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
*Submarket RevPAR penetration expressed as a percentage of
the market RevPAR for the previous 4 quarters. Direction of
arrow indicates if penetration is increasing or decreasing
relative to one year ago's performance.
Rooms
*Based on RevPAR change over the last 4
quarters.
Properties
1.8%
2.5%
Upper-Priced
Market Center Submarket Inventory
408
21.2%
% Submkt.
296
3,520
Rooms
1
203
32
Properties
1
Inventory
Lower-Priced Brands By Share
12.6%
Park Inn
2
78.8%
% Submkt.
2,091
9.7%
13,096
Rooms
2
1,608
6.7%
35
Properties
Sheraton Hotel
1
1,120
Inventory
Upper-Priced Brands by Share
Hilton
1
1.2%
Hyatt
Market Center Construction Pipeline
0
260
3.8%
0.0%
1.6%
0
1
0
0
90
0
0.0%
0.0%
0.5%
0.0%
4
0
0
2
2
1,248
0
0
538
710
7.5%
0.0%
0.0%
3.2%
4.3%
Properties
Rooms
% Submkt.
2
626
0
0.5%
Lower-Priced
Rooms
% Submkt.
0
0
90
Properties
Pre-Planning
4
0.2%
1
Upper-Priced
Rooms
% Submkt.
Planning
32
5.5%
Properties
Final Planning
1
918
Phase
In Construction
7
Total
2008
2007
51.4%
57.3%
57.0%
Occ
9.1%
-10.3%
0.6%
-4.8%
Δ Occ
$121.97
$114.89
$116.66
$128.26
$123.58
ADR
8.5%
6.2%
-1.5%
-9.0%
3.8%
6.8%
Δ ADR
$78.64
$79.17
$71.39
$64.45
$59.98
$73.49
$70.42
RevPAR
-0.7%
17.2%
10.8%
7.4%
-18.4%
4.4%
1.7%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
100.6%
103.0%
99.0%
102.7%
100.4%
98.0%
94.8%
Occ
143.8%
143.9%
143.0%
139.3%
137.9%
136.2%
134.4%
ADR
144.7%
148.2%
141.6%
143.1%
138.4%
133.5%
127.5%
RevPAR
2010
2009
2008
2007
59.9%
57.4%
52.5%
57.9%
57.8%
Occ
9.0%
4.5%
9.2%
-9.3%
0.3%
-5.1%
Δ Occ
$141.47
$142.33
$137.29
$129.25
$130.70
$144.89
$142.90
ADR
-0.6%
8.2%
6.2%
-1.1%
-9.8%
1.4%
6.6%
Δ ADR
$90.13
$91.64
$82.30
$74.16
$68.68
$83.95
$82.58
RevPAR
-1.7%
17.9%
11.0%
8.0%
-18.2%
1.7%
1.1%
Δ RevPAR
2008
2007
47.4%
55.2%
54.6%
Occ
8.8%
-14.1%
1.1%
-3.8%
Δ Occ
$61.00
$58.31
$61.27
$70.29
$61.72
ADR
6.3%
4.6%
-4.8%
-12.8%
13.9%
5.7%
Δ ADR
$35.89
$35.03
$32.64
$30.07
$29.04
$38.77
$33.68
RevPAR
2.5%
11.0%
8.6%
3.6%
-25.1%
15.1%
1.6%
Δ RevPAR
90
100
110
120
130
120
115
110
105
100
95
90
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
Lower-Priced Penetration vs. Market Total
2007
Upper-Priced Penetration vs. Market Total
Year
2009
56.1%
4.3%
$126.97
-0.5%
All Hotels Penetration vs. Market Total
2010
58.5%
8.1%
$126.28
Year
2011
62.4%
-0.1%
Market Center Performance - All Hotels
2Q11 YTD
62.3%
2011
64.4%
-1.1%
2009
51.6%
3.8%
$63.52
-0.8%
2Q12 YTD
Market Center Performance - Upper-Priced Hotels
2Q11 YTD
63.7%
Year
2Q12 YTD
2010
53.5%
4.4%
$63.03
Year
2011
55.1%
3.3%
Market Center Performance - Lower-Priced Hotels
2Q11 YTD
56.9%
2Q12 YTD
7
Submarket Rank*
Submarket Profile - Addison/LBJ Freeway
The Addison / LBJ Freeway submarket includes areas northeast of
downtown along State Highway 75 (Central Expressway), the
Dallas North Tollway, and a portion of the Interstate 635 loop.
Out of 9
11,327
DALLAS, TX
Total Rooms:
99%
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Rooms
quarters.
Properties
3.3%
6.1%
Upper-Priced
Addison/LBJ Freeway Submarket Inventory
692
41.7%
% Submkt.
372
4,729
Rooms
2
361
39
Properties
3
Inventory
8.7%
Homestead
3
58.3%
% Submkt.
984
6.4%
6,598
Rooms
2
724
6.4%
29
Properties
Westin
2
724
Inventory
Crowne Plaza
2
3.2%
Hilton
Addison/LBJ Freeway Construction Pipeline
0
0
0.0%
0.0%
0.0%
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0
0
0
0
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0.0%
Properties
Rooms
% Submkt.
0
0
0
0.0%
Lower-Priced
Rooms
% Submkt.
0
0
0
Properties
Pre-Planning
0
0.0%
0
Upper-Priced
Rooms
% Submkt.
Planning
0
0.0%
Properties
Final Planning
0
0
Phase
In Construction
0
Total
2008
2007
57.7%
53.7%
58.3%
61.0%
Occ
6.8%
7.3%
-7.8%
-4.4%
-4.0%
Δ Occ
$81.32
$78.09
$80.98
$91.68
$89.81
ADR
6.3%
4.1%
-3.6%
-11.7%
2.1%
6.1%
Δ ADR
$53.57
$53.41
$50.09
$45.05
$43.53
$53.46
$54.75
RevPAR
0.3%
14.8%
11.2%
3.5%
-18.6%
-2.4%
1.9%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
106.4%
104.6%
104.2%
105.6%
105.0%
99.7%
101.5%
Occ
92.7%
95.6%
95.3%
94.7%
95.7%
97.4%
97.7%
ADR
98.6%
100.0%
99.4%
100.0%
100.4%
97.1%
99.1%
RevPAR
2008
2007
58.0%
54.3%
59.2%
61.6%
Occ
6.6%
6.9%
-8.3%
-4.0%
-6.7%
Δ Occ
$106.31
$102.07
$104.19
$116.80
$116.22
ADR
8.1%
4.2%
-2.0%
-10.8%
0.5%
7.5%
Δ ADR
$70.73
$71.03
$65.73
$59.20
$56.55
$69.13
$71.64
RevPAR
-0.4%
14.8%
11.0%
4.7%
-18.2%
-3.5%
0.4%
Δ RevPAR
95
100
85
57.1%
60.1%
Occ
-5.0%
-0.2%
Δ Occ
$47.26
$54.79
$53.66
ADR
-6.2%
-13.7%
2.1%
5.4%
Δ ADR
$28.29
$25.39
$25.05
$31.27
$32.23
RevPAR
14.5%
11.4%
1.4%
-19.9%
-3.0%
5.2%
Δ RevPAR
100
110
80
2007
-7.1%
$44.34
4.1%
$28.86
2.6%
80
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
2007
Year
2009
61.6%
$84.36
-3.5%
2010
8.0%
$81.39
Year
2011
63.3%
4.0%
Addison/LBJ Freeway Performance - All Hotels
2Q11 YTD
65.8%
2009
61.8%
$110.89
-5.9%
2008
53.0%
8.0%
$46.17
3.4%
$29.62
2Q12 YTD
2010
6.2%
$104.31
Year
Addison/LBJ Freeway Performance - Upper-Priced Hotels
2011
64.1%
5.9%
105
2Q11 YTD
67.8%
90
2Q12 YTD
2009
57.3%
7.0%
$46.34
1.4%
Year
2010
61.3%
10.7%
$46.99
Addison/LBJ Freeway Performance - Lower-Priced Hotels
2011
62.3%
1.2%
90
2Q11 YTD
63.0%
2Q12 YTD
Out of 9
5
Submarket Rank*
Submarket Profile - Farmers Branch/Stemmons Fwy
The Farmers Branch / Stemmons Freeway submarket consists of
properties located along the Interstate 35E (Stemmons Freeway)
corridor extending northwest from Loop 12 to the western portion
of the Interstate 635 loop. Hotels located north of Love Field and
in Farmers Branch are included in this submarket.
5,297
DALLAS, TX
Total Rooms:
73%
Rooms
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Properties
quarters.
Upper-Priced
Farmers Branch/Stemmons Fwy Submarket Inventory
5.3%
6.6%
350
4.5%
62.7%
% Submkt.
282
3,321
Rooms
1
240
32
Properties
Night Hotel
1
Inventory
8.5%
2
37.3%
% Submkt.
450
6.4%
1,976
Rooms
2
337
5.8%
9
Properties
Doubletree
1
309
Inventory
Omni
1
Sheraton Hotel
Farmers Branch/Stemmons Fwy Construction Pipeline
0
0
0.0%
0.0%
0.0%
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0
0
0
0
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0.0%
Properties
Rooms
% Submkt.
0
0
0
0.0%
Lower-Priced
Rooms
% Submkt.
0
0
0
Properties
Pre-Planning
0
0.0%
0
Upper-Priced
Rooms
% Submkt.
Planning
0
0.0%
Properties
Final Planning
0
0
Phase
In Construction
0
Total
2008
2007
47.1%
58.0%
59.1%
Occ
2.1%
-18.8%
-1.8%
0.9%
Δ Occ
$67.70
$69.45
$71.18
$78.93
$77.63
ADR
-0.8%
-2.5%
-2.4%
-9.8%
1.7%
7.3%
Δ ADR
$38.70
$39.31
$37.27
$33.40
$33.54
$45.78
$45.86
RevPAR
-1.5%
12.9%
11.6%
-0.4%
-26.7%
-0.2%
8.3%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
93.1%
92.2%
93.1%
88.0%
92.0%
99.2%
98.3%
Occ
76.5%
79.8%
79.4%
84.2%
84.1%
83.8%
84.5%
ADR
71.2%
73.6%
73.9%
74.1%
77.4%
83.1%
83.0%
RevPAR
2010
2009
2008
2007
61.2%
56.4%
51.1%
60.8%
62.0%
Occ
8.8%
8.4%
10.4%
-15.9%
-2.0%
-0.7%
Δ Occ
$91.50
$97.30
$93.75
$92.63
$97.62
$105.63
$103.88
ADR
-6.0%
2.7%
1.2%
-5.1%
-7.6%
1.7%
7.5%
Δ ADR
$61.63
$60.83
$57.34
$52.27
$49.90
$64.17
$64.40
RevPAR
1.3%
11.7%
9.7%
4.8%
-22.2%
-0.3%
6.8%
Δ RevPAR
2007
56.4%
57.4%
Occ
-20.7%
-1.7%
1.9%
Δ Occ
$50.78
$53.33
$62.54
$61.66
ADR
-2.5%
-4.8%
-14.7%
1.4%
7.9%
Δ ADR
$26.42
$25.47
$21.82
$23.87
$35.28
$35.40
RevPAR
-2.4%
15.9%
16.7%
-8.6%
-32.4%
-0.3%
9.9%
Δ RevPAR
90
100
70
80
90
100
110
70
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
2007
Year
2009
48.1%
14.5%
$70.39
-4.6%
2010
55.1%
13.8%
$67.15
Year
2011
55.8%
3.2%
Farmers Branch/Stemmons Fwy Performance - All Hotels
2Q11 YTD
57.6%
2011
62.5%
7.7%
2008
44.7%
-4.0%
$49.50
-1.8%
$25.79
2Q12 YTD
2Q11 YTD
67.4%
Year
Farmers Branch/Stemmons Fwy Performance - Upper-Priced Hotels
2Q12 YTD
2009
43.0%
19.8%
$50.95
-3.0%
Year
2010
51.5%
18.0%
$49.45
Farmers Branch/Stemmons Fwy Performance - Lower-Priced Hotels
2011
51.9%
0.6%
80
2Q11 YTD
52.2%
2Q12 YTD
Out of 9
3
Submarket Rank*
Submarket Profile - Irving South/Grand Prairie
The Irving South / Grand Prairie submarket consists of hotels
located west of Dallas. The sector stretches from Dallas/Fort
Worth International Airport in the north to Interstate 20 in the
south. Properties located in the Las Colinas area of Irving are not
part of this submarket.
7,316
DALLAS, TX
Total Rooms:
89%
Rooms
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Properties
quarters.
Upper-Priced
Irving South/Grand Prairie Submarket Inventory
71.2%
% Submkt.
10.7%
5,209
Rooms
3.9%
5.0%
786
54
Properties
287
363
2
Inventory
3
28.8%
% Submkt.
3
11.1%
2,107
Rooms
4.2%
Holiday Inn Express
811
8
Properties
305
4.1%
1
Inventory
1
298
Hyatt
Embassy Suites
1
Grand Hyatt
Irving South/Grand Prairie Construction Pipeline
0
133
0.0%
0.0%
1.8%
2
0
0
159
0
0
0.0%
2.2%
0.0%
0.0%
1
0
0
0
1
130
0
0
0
130
1.8%
0.0%
0.0%
0.0%
1.8%
Properties
Rooms
% Submkt.
1
0
0
2.2%
Lower-Priced
Rooms
% Submkt.
0
0
159
Properties
Pre-Planning
0
0.0%
2
Upper-Priced
Rooms
% Submkt.
Planning
0
1.8%
Properties
Final Planning
0
133
Phase
In Construction
1
Total
2008
2007
52.0%
48.7%
56.8%
61.1%
Occ
14.6%
6.8%
-14.3%
-7.1%
-2.9%
Δ Occ
$75.04
$75.80
$78.97
$93.02
$87.71
ADR
-0.2%
-1.0%
-4.0%
-15.1%
6.1%
11.4%
Δ ADR
$48.43
$46.79
$44.70
$39.40
$38.44
$52.82
$53.59
RevPAR
3.5%
16.6%
13.5%
2.5%
-27.2%
-1.4%
8.1%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
101.1%
99.0%
100.8%
95.1%
95.1%
97.1%
101.7%
Occ
88.1%
88.5%
88.0%
91.9%
93.3%
98.8%
95.4%
ADR
89.1%
87.6%
88.7%
87.5%
88.7%
96.0%
97.0%
RevPAR
2008
2007
65.0%
60.7%
66.2%
65.3%
Occ
5.4%
7.1%
-8.3%
1.3%
-5.1%
Δ Occ
$122.68
$118.18
$120.64
$139.26
$142.78
ADR
5.6%
3.8%
-2.0%
-13.4%
-2.5%
13.2%
Δ ADR
$89.51
$92.05
$84.03
$76.81
$73.21
$92.13
$93.25
RevPAR
-2.8%
16.3%
9.4%
4.9%
-20.5%
-1.2%
7.4%
Δ RevPAR
110
115
120
53.4%
59.7%
Occ
-10.5%
-2.1%
Δ Occ
$56.28
$72.34
$66.89
ADR
-5.4%
-22.2%
8.2%
11.0%
Δ ADR
$29.42
$25.00
$24.73
$38.64
$39.90
RevPAR
17.2%
17.7%
1.1%
-36.0%
-3.2%
8.7%
Δ RevPAR
105
115
100
2007
-17.7%
$53.24
-1.5%
$29.38
8.3%
85
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
2007
Year
2009
59.6%
$78.10
-0.9%
2010
16.8%
$77.40
Year
2011
59.9%
4.4%
Irving South/Grand Prairie Performance - All Hotels
2Q11 YTD
62.6%
2009
68.5%
$127.03
-1.5%
2008
43.9%
6.9%
$52.45
-2.8%
$31.81
2Q12 YTD
2010
10.1%
$125.13
Year
Irving South/Grand Prairie Performance - Upper-Priced Hotels
2011
72.5%
-1.3%
125
2Q11 YTD
71.5%
105
2Q12 YTD
2009
47.0%
19.4%
$53.34
1.2%
Year
2010
56.1%
20.6%
$53.97
Irving South/Grand Prairie Performance - Lower-Priced Hotels
2011
55.1%
7.0%
95
2Q11 YTD
58.9%
2Q12 YTD
Submarket Profile - Irving North
4
Submarket Rank*
The Dallas Irving North submarkets comprises hotels located within
the Las Colinas mixed-use development, as well as properties
operating West of the Dallas - Ft. Worth International Airport.
Out of 9
8,351
DALLAS, TX
Total Rooms:
119%
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Rooms
quarters.
Properties
3.5%
4.0%
Upper-Priced
Irving North Submarket Inventory
336
42.5%
% Submkt.
295
3,553
Rooms
1
291
29
Properties
2
Inventory
10.2%
Homestead
2
57.5%
% Submkt.
855
6.1%
Holiday Inn Express
4,798
Rooms
2
506
5.2%
22
Properties
Marriott
1
431
Inventory
Westin
1
3.5%
Four Seasons
Irving North Construction Pipeline
0
0
0.0%
0.0%
0.0%
2
1
0
242
118
0
0.0%
2.9%
1.4%
0.0%
0
0
0
0
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0.0%
Properties
Rooms
% Submkt.
0
0
0
4.3%
Lower-Priced
Rooms
% Submkt.
0
0
360
Properties
Pre-Planning
0
0.0%
3
Upper-Priced
Rooms
% Submkt.
Planning
0
0.0%
Properties
Final Planning
0
0
Phase
In Construction
0
Total
2008
2007
56.3%
62.1%
64.9%
Occ
9.2%
-9.2%
-4.4%
-0.3%
Δ Occ
$92.11
$87.46
$92.29
$109.34
$109.12
ADR
6.3%
5.3%
-5.2%
-15.6%
0.2%
8.6%
Δ ADR
$64.10
$64.62
$60.96
$53.82
$51.99
$67.87
$70.87
RevPAR
-0.8%
16.9%
13.3%
3.5%
-23.4%
-4.2%
8.2%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
108.9%
112.3%
112.0%
112.6%
110.0%
106.2%
108.1%
Occ
108.4%
107.7%
108.0%
106.1%
109.1%
116.1%
118.7%
ADR
118.0%
121.0%
120.9%
119.5%
120.0%
123.3%
128.3%
RevPAR
2008
2007
62.7%
57.7%
63.7%
65.1%
Occ
4.9%
8.7%
-9.5%
-2.2%
-0.8%
Δ Occ
$120.92
$113.50
$119.39
$140.62
$143.97
ADR
7.5%
6.5%
-4.9%
-15.1%
-2.3%
8.8%
Δ ADR
$84.40
$84.99
$79.53
$71.15
$68.83
$89.57
$93.74
RevPAR
-0.7%
15.3%
11.8%
3.4%
-23.2%
-4.4%
7.8%
Δ RevPAR
105
110
115
2007
54.6%
60.1%
64.7%
Occ
9.8%
-9.1%
-7.2%
0.3%
Δ Occ
$50.70
$55.25
$68.74
$66.39
ADR
6.0%
-8.2%
-19.6%
3.6%
7.6%
Δ ADR
$37.10
$35.88
$30.41
$30.18
$41.30
$42.97
RevPAR
-1.1%
22.4%
18.0%
0.8%
-26.9%
-3.9%
7.9%
Δ RevPAR
95
125
120
115
110
105
100
95
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
2007
Year
2009
61.5%
7.6%
$95.02
0.2%
2010
66.2%
10.0%
$95.18
Year
2011
68.0%
-1.0%
Irving North Performance - All Hotels
2Q11 YTD
67.4%
2009
65.8%
$124.53
0.9%
2008
60.0%
$53.76
7.2%
$36.70
2Q12 YTD
2010
7.2%
$125.63
Year
Irving North Performance - Upper-Priced Hotels
2011
68.2%
-1.6%
120
2Q11 YTD
67.2%
2009
11.3%
$54.84
-1.0%
100
2Q12 YTD
2010
66.7%
14.1%
$54.30
Irving North Performance - Lower-Priced Hotels
2011
67.7%
-0.1%
Year
2Q11 YTD
67.6%
2Q12 YTD
8
Submarket Rank*
Submarket Profile - E Plano/Richardson
The East Plano / Richardson submarket is located in the far
northeast suburbs of the Dallas metropolitan market, beyond the
Addison / LBJ Freeway sector. Hotels in east Plano, Richardson,
and Garland are included in this submarket.
Out of 9
5,329
DALLAS, TX
Total Rooms:
82%
Rooms
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Properties
quarters.
Upper-Priced
E Plano/Richardson Submarket Inventory
60.7%
% Submkt.
6.6%
3,235
Rooms
4.1%
4.4%
354
35
Properties
218
234
2
Inventory
2
Holiday Inn
39.3%
% Submkt.
3
6.4%
2,094
Rooms
6.3%
Super 8
342
12
Properties
336
5.6%
1
Inventory
1
296
Hyatt
Renaissance
1
Doubletree
E Plano/Richardson Construction Pipeline
0
0.0%
1.9%
0.0%
1
0
0
130
0
0
0.0%
2.4%
0.0%
0.0%
1
0
0
0
1
250
0
0
0
250
4.7%
0.0%
0.0%
0.0%
4.7%
Properties
Rooms
% Submkt.
0
0
101
0
2.4%
Lower-Priced
Rooms
% Submkt.
1
0
130
Properties
Pre-Planning
0
0.0%
1
Upper-Priced
Rooms
% Submkt.
Planning
0
1.9%
Properties
Final Planning
0
101
Phase
In Construction
1
Total
2008
2007
49.0%
58.8%
58.9%
Occ
10.5%
-16.7%
-0.2%
-2.2%
Δ Occ
$71.99
$69.75
$71.02
$78.48
$77.39
ADR
4.6%
3.2%
-1.8%
-9.5%
1.4%
7.9%
Δ ADR
$42.78
$43.52
$42.30
$37.77
$34.82
$46.16
$45.61
RevPAR
-1.7%
15.6%
12.0%
8.5%
-24.6%
1.2%
5.6%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
94.7%
98.2%
99.4%
99.1%
95.7%
100.6%
98.1%
Occ
83.2%
82.9%
84.4%
84.6%
83.9%
83.3%
84.2%
ADR
78.7%
81.5%
83.9%
83.9%
80.3%
83.8%
82.6%
RevPAR
2009
2008
2007
63.6%
58.4%
49.8%
59.7%
59.2%
Occ
8.9%
17.4%
-16.7%
0.8%
-5.9%
Δ Occ
$102.92
$100.33
$97.10
$99.74
$112.38
$110.96
ADR
-1.3%
4.2%
3.3%
-2.6%
-11.2%
1.3%
7.0%
Δ ADR
$63.33
$66.27
$63.85
$56.74
$49.63
$67.09
$65.70
RevPAR
-4.4%
18.0%
12.5%
14.3%
-26.0%
2.1%
0.6%
Δ RevPAR
90
100
2007
58.3%
58.8%
Occ
-16.7%
-0.8%
-0.1%
Δ Occ
$50.07
$52.30
$57.78
$57.82
ADR
4.0%
-4.3%
-9.5%
-0.1%
8.1%
Δ ADR
$29.50
$29.02
$25.76
$25.39
$33.68
$33.98
RevPAR
-0.1%
14.6%
12.7%
1.4%
-24.6%
-0.9%
8.0%
Δ RevPAR
70
105
100
95
90
85
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
2007
Year
2009
54.2%
8.5%
$73.17
-0.2%
2010
58.8%
10.4%
$73.05
Year
2011
59.5%
-1.5%
E Plano/Richardson Performance - All Hotels
2Q11 YTD
58.6%
2010
13.1%
$101.53
2008
48.6%
5.9%
$52.06
5.3%
$29.49
2Q12 YTD
2011
64.4%
-3.1%
Year
E Plano/Richardson Performance - Upper-Priced Hotels
2Q11 YTD
62.4%
2009
51.4%
8.4%
$52.26
0.6%
80
2Q12 YTD
2010
55.7%
8.8%
$52.56
Year
2011
56.5%
-0.6%
E Plano/Richardson Performance - Lower-Priced Hotels
2Q11 YTD
56.1%
2Q12 YTD
Submarket Rank*
Submarket Profile - W Plano/Frisco
West Plano / Frisco is a new submarket definition from STR. Hotels
in West Plano and Frisco are included in this submarket.
6
Out of 9
4,748
DALLAS, TX
Total Rooms:
126%
Rooms
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Properties
quarters.
Upper-Priced
W Plano/Frisco Submarket Inventory
45.7%
% Submkt.
7.2%
2,171
Rooms
4.1%
4.3%
342
19
Properties
196
203
1
Inventory
2
54.3%
% Submkt.
Fairfield Inn
2
8.5%
2,577
Rooms
7.0%
Extended Stay Deluxe
404
15
Properties
330
6.4%
1
Inventory
1
302
Marriott
Embassy Suites
2
Courtyard
W Plano/Frisco Construction Pipeline
0
0
5.9%
0.0%
0.0%
1
0
0
97
0
0
2.6%
2.0%
0.0%
0.0%
0
0
0
0
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0.0%
Properties
Rooms
% Submkt.
0
282
122
4.6%
Lower-Priced
Rooms
% Submkt.
0
1
219
Properties
Pre-Planning
2
0.0%
2
Upper-Priced
Rooms
% Submkt.
Planning
0
5.9%
Properties
Final Planning
0
282
Phase
In Construction
2
Total
2008
2007
53.7%
62.3%
65.9%
Occ
16.9%
-13.9%
-5.4%
-1.7%
Δ Occ
$97.22
$90.00
$94.75
$111.77
$111.66
ADR
8.6%
8.0%
-5.0%
-15.2%
0.1%
9.6%
Δ ADR
$66.78
$67.58
$64.37
$56.48
$50.85
$69.65
$73.59
RevPAR
-1.2%
18.6%
14.0%
11.1%
-27.0%
-5.3%
7.8%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
106.1%
113.5%
112.0%
114.9%
104.8%
106.6%
109.7%
Occ
115.8%
111.5%
114.0%
109.2%
112.0%
118.7%
121.5%
ADR
122.9%
126.5%
127.7%
125.4%
117.3%
126.5%
133.2%
RevPAR
2010
2009
2008
2007
68.3%
66.3%
56.8%
65.3%
71.5%
Occ
5.0%
3.0%
16.7%
-13.1%
-8.6%
-0.3%
Δ Occ
$126.47
$125.12
$122.56
$112.55
$116.85
$139.34
$143.88
ADR
1.1%
10.3%
8.9%
-3.7%
-16.1%
-3.2%
9.0%
Δ ADR
$88.45
$88.07
$83.69
$74.61
$66.35
$91.02
$102.81
RevPAR
0.4%
15.8%
12.2%
12.4%
-27.1%
-11.5%
8.7%
Δ RevPAR
90
100
110
120
130
60.9%
Occ
-3.0%
-3.1%
Δ Occ
$64.90
$79.08
$77.62
ADR
-7.9%
-17.9%
1.9%
10.0%
Δ ADR
$41.47
$34.99
$32.43
$46.73
$47.27
RevPAR
26.0%
18.5%
7.9%
-30.6%
-1.1%
6.7%
Δ RevPAR
115
125
135
95
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
2007
Year
2009
62.7%
5.5%
$98.35
3.4%
2010
66.2%
9.3%
$101.70
Year
2011
68.7%
-4.4%
W Plano/Frisco Performance - All Hotels
2Q11 YTD
65.7%
2011
70.4%
-0.7%
2007
59.1%
-15.4%
$59.76
8.9%
$43.30
-5.2%
2Q12 YTD
2Q11 YTD
69.9%
Year
W Plano/Frisco Performance - Upper-Priced Hotels
2Q12 YTD
2008
50.0%
17.2%
$65.06
9.5%
$41.06
Year
2009
58.6%
8.9%
$64.89
4.4%
W Plano/Frisco Performance - Lower-Priced Hotels
2010
63.7%
15.1%
$67.78
145
2011
66.7%
-9.2%
105
2Q11 YTD
60.6%
2Q12 YTD
Submarket Profile - Southeast
2
Submarket Rank*
The Southeast submarket covers an extensive area of suburban
markets located south and east of the Dallas metro area. Hotels
located along the I-35E, I-45, I-20, and I-30 corridors are included
in this submarket.
Out of 9
10,746
DALLAS, TX
Total Rooms:
58%
Rooms
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Properties
quarters.
Upper-Priced
Southeast Submarket Inventory
6.4%
7.0%
7.6%
95.6%
% Submkt.
688
747
822
10,272
Rooms
11
8
11
162
Properties
Holiday Inn Express
Inventory
2.1%
4.4%
% Submkt.
231
474
Rooms
1.3%
Motel 6
1
142
0.9%
3
Properties
1
101
Inventory
Hilton Garden Inn
1
Hilton
Courtyard
Southeast Construction Pipeline
0
0
0.0%
0.0%
0.0%
5
2
1
420
158
75
0.0%
3.9%
1.5%
0.7%
0
0
0
0
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0.0%
Properties
Rooms
% Submkt.
0
0
0
6.1%
Lower-Priced
Rooms
% Submkt.
0
0
653
Properties
Pre-Planning
0
0.0%
8
Upper-Priced
Rooms
% Submkt.
Planning
0
0.0%
Properties
Final Planning
0
0
Phase
In Construction
0
Total
2008
2007
44.7%
45.7%
54.9%
56.6%
Occ
8.6%
-2.3%
-16.8%
-3.0%
-2.4%
Δ Occ
$57.69
$57.96
$58.23
$56.93
$55.35
ADR
-0.5%
-0.5%
-0.5%
2.3%
2.8%
6.4%
Δ ADR
$30.41
$27.64
$27.98
$25.89
$26.62
$31.27
$31.35
RevPAR
10.0%
5.5%
8.1%
-2.7%
-14.9%
-0.2%
3.8%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
84.4%
79.3%
82.1%
81.8%
89.3%
93.9%
94.2%
Occ
66.3%
65.3%
67.6%
70.3%
68.8%
60.5%
60.2%
ADR
56.0%
51.8%
55.5%
57.5%
61.4%
56.8%
56.7%
RevPAR
56.6%
Occ
-3.0%
-2.4%
Δ Occ
$56.93
$55.35
ADR
2.3%
2.8%
6.4%
Δ ADR
$25.89
$26.62
$31.27
$31.35
RevPAR
8.1%
-2.7%
-14.9%
-0.2%
3.8%
Δ RevPAR
100
110
80
Market
2008
Occ
2009
ADR
2010
RevPAR
2011
Year
2009
48.5%
$57.60
1.1%
2010
6.0%
$58.25
Year
2011
48.0%
8.8%
Southeast Performance - All Hotels
2Q11 YTD
52.2%
0
54.9%
$58.23
-0.5%
$27.98
5.5%
2007
2008
2009
2011
2010
0 2007
0
-1
-1
2007
-16.8%
$57.96
-0.5%
$27.64
10.0%
-1
2008
45.7%
-2.3%
$57.69
-0.5%
$30.41
2Q12 YTD
Southeast Performance - Upper-Priced Hotels (Data Not Available)
#N/A
Δ RevPAR
#N/A
#N/A
#N/A
#N/A
RevPAR
Insufficient
Data#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
Δ ADR
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
ADR
2008
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
2009
#N/A
#N/A
#N/A
#N/A
Δ Occ
2010
#N/A
#N/A
#N/A
#N/A
2011
#N/A
#N/A
Occ
2Q11 YTD
#N/A
2007
Year
2Q12 YTD
2009
44.7%
8.6%
$57.60
1.1%
Year
2010
48.5%
6.0%
$58.25
Southeast Performance - Lower-Priced Hotels
2011
48.0%
8.8%
90
2Q11 YTD
52.2%
2Q12 YTD
1
Submarket Rank*
Submarket Profile - Denton/Lewisville/McKinney
The Denton/Lewisville/McKinney submarket includes the suburban
cities located northwest of the metro area along I-35E, I-35, US 75,
and US 380.
Out of 9
8,206
DALLAS, TX
Total Rooms:
77%
Rooms
% Submkt.
Lower-Priced
Properties
Rooms
% Submkt.
Properties
quarters.
Upper-Priced
Denton/Lewisville/McKinney Submarket Inventory
79.8%
% Submkt.
6.7%
6,545
Rooms
4.7%
5.2%
553
73
Properties
382
424
6
Inventory
1
20.2%
% Submkt.
4
5.4%
1,661
Rooms
5.1%
Motel 6
442
13
Properties
416
3.9%
3
Inventory
3
317
Courtyard
Hilton Garden Inn
3
Homewood Suites
Denton/Lewisville/McKinney Construction Pipeline
102
1.2%
1.7%
1.2%
5
1
2
403
70
159
1.1%
4.9%
0.9%
1.9%
2
1
0
0
1
307
27
0
0
280
3.7%
0.3%
0.0%
0.0%
3.4%
Properties
Rooms
% Submkt.
1
96
140
93
8.8%
Lower-Priced
Rooms
% Submkt.
1
1
725
Properties
Pre-Planning
1
0.0%
9
Upper-Priced
Rooms
% Submkt.
Planning
0
4.1%
Properties
Final Planning
0
338
Phase
In Construction
3
Total
2008
2007
53.8%
62.0%
61.7%
Occ
2.3%
-13.3%
0.6%
-2.8%
Δ Occ
$61.63
$59.11
$60.65
$64.88
$63.47
ADR
4.8%
4.2%
-2.5%
-6.5%
2.2%
7.6%
Δ ADR
$40.98
$37.93
$37.60
$32.55
$32.63
$40.26
$39.14
RevPAR
8.0%
16.6%
15.5%
-0.3%
-18.9%
2.9%
4.6%
Δ RevPAR
2Q12 YTD
2Q11 YTD
2011
2010
2009
2008
2007
103.7%
101.0%
103.2%
100.8%
105.1%
106.1%
102.6%
Occ
72.7%
70.3%
72.3%
71.7%
71.7%
68.9%
69.0%
ADR
75.4%
71.0%
74.6%
72.3%
75.3%
73.1%
70.9%
RevPAR
2010
2009
2008
2007
68.0%
57.2%
56.0%
61.7%
61.4%
Occ
25.5%
18.9%
2.2%
-9.3%
0.5%
-16.2%
Δ Occ
$100.86
$98.66
$97.50
$95.47
$104.47
$119.49
$121.84
ADR
2.2%
1.7%
2.1%
-8.6%
-12.6%
-1.9%
7.3%
Δ ADR
$72.18
$67.58
$66.29
$54.60
$58.48
$73.77
$74.86
RevPAR
6.8%
27.6%
21.4%
-6.6%
-20.7%
-1.5%
-10.2%
Δ RevPAR
2008
2007
54.5%
53.4%
62.1%
61.7%
Occ
2.0%
-14.0%
0.7%
-0.8%
Δ Occ
$51.28
$49.53
$52.69
$56.27
$55.84
ADR
3.0%
3.5%
-6.0%
-6.4%
0.8%
9.4%
Δ ADR
$33.15
$30.43
$30.39
$27.00
$28.15
$34.94
$34.45
RevPAR
8.9%
11.0%
12.5%
-4.1%
-19.4%
1.4%
8.5%
Δ RevPAR
115
110
105
100
95
90
85
70
80
90
100
110
2007
2008
Market
2008
2009
Occ
2009
2010
ADR
2011
RevPAR
2011
2010
2007
Year
2009
55.1%
10.8%
$62.04
3.0%
2010
61.0%
11.3%
$63.87
Year
2011
61.1%
4.9%
Denton/Lewisville/McKinney Performance - All Hotels
2Q11 YTD
64.2%
2011
68.5%
4.5%
2009
8.7%
$51.34
3.7%
2Q12 YTD
2Q11 YTD
71.6%
Year
Denton/Lewisville/McKinney Performance - Upper-Priced Hotels
2Q12 YTD
2010
59.3%
7.7%
$53.22
Denton/Lewisville/McKinney Performance - Lower-Priced Hotels
2011
59.3%
5.1%
Year
2Q11 YTD
62.3%
2Q12 YTD
Embassy Suites
Hilton
Hyatt
Marriott
Westin
UPPER PRICED
Market Segments - Representative Brands
Fairmont
Four Seasons
Loews
Ritz Carlton
W Hotels
Best Western Plus
Comfort Inn
Hampton Inn
Holiday Inn
TownePlace Suites
Courtyard by Marriott
Crowne Plaza
Hyatt Place
Radisson
Residence Inn
LOWER PRICED
Best Western
Country Inn & Suites
La Quinta
Mainstay Suites
Quality Inn
APPENDIX
Days Inn
Econo Lodge
Extended Stay America
Red Roof
Value Place
mean, divided by the series' standard deviation. Grades: A: Very strong, greater than one standard deviation above long run
Occupancy levels, ADR change and RevPAR change are plotted on a fixed "grade" scale. Measured as current value minus the
Exhibit Definitions
Exhibit 1
average. B: Strong, within one standard deviation above long run average C: Somewhat weak, within one standard deviation
below long run average. D: Weak, below one standard deviation of the long run average.
Year over year change in Income, Employment, RevPAR and Demand, displayed as annual (Exhibits 2 and 3) and quarterly
Average annual Employment, Consumer Price Index, Gross Domestic Product, and Real Personal Income change for the MSA.
Exhibits 2 - 5
Exhibit 6
Index based change charts with base year 2007 = 100. These exhibits illustrate the magnitude of change.
(Exhibits 4 and 5).
Exhibits 7 - 9
Compound average annual RevPAR, Demand and Supply change for Upper Priced, Lower Priced, and combined (All) hotels
Real RevPAR change (inflation adjusted, CPI) of the current period minus the historical mean of Real RevPAR change, divided by
within the MSA.
Exhibits 10 - 12
Exhibit 13
the historical standard deviation of Real RevPAR change.
Financial Benchmarks
The financial benchmarks come from the 2012 edition (2011 data) of Trends® in the Hotel Industry. Trends® is PKF Hospitality Research’s
annual analysis of hotel financial statements received from thousands of properties located across the nation. These data serve as financial
performance benchmarks for hotels within the designated market. The average room count, occupancy, and ADR of upper-priced hotels were
used to analyze the performance of full-service hotels. The average room count, occupancy, and ADR of lower-priced hotels were used to
analyze the performance of limited-service hotels. For a more in-depth report with a custom comparable set designed for your individual
property, see our PKF-HR BenchmarkerSM service. (www.pkfc.com/benchmarker)
Forecasting Method
Wikipedia defines ‘forecasting’ as:
"the process of estimation in unknown situations. Prediction is a similar, but more general term, and usually refers to estimation of time
series, cross-sectional or longitudinal data. In more recent years, forecasting has evolved into the practice of demand planning in everyday
business forecasting for manufacturing companies. The discipline of demand planning, also sometimes referred to as supply chain
forecasting, embraces both statistical forecasting and consensus process... (emphasis added)"
Consistent with this definition, PKF Hospitality Research prepares forecasts of the hotel markets in the U.S. based on generally accepted
econometric procedures and sound judgment regarding fundamental relationships between the economic and behavioral market indicators and
hotel financial performance, relationships that PKF has tracked for over 70 years.
The Econometric Component
Econometric forecasting represents one of the most sophisticated approaches to gaining insights about future economic activity. Unlike some
forecasting methods used in business practice, the models that underlie econometric forecasts rely on historical relationships, similar to
statistical correlations, between economic variables. The data for measuring these variables come from actual market transactions involving
individuals and firms interacting in the economy. Moreover, these economic variables allowed to enter econometric models have conceptual
linkages to economic theory.
Positive Features of an Econometric Model
1. The variables included in the models follow from economic theory.
2. The relationships between economic variables are estimated with advanced statistical methods.
3. The forecasts developed with econometric models are more objective than forecasts purely based on judgmental approaches.
APPENDIX
Gaining insight to the future of complicated economic environments requires the introduction of multidimensional forecasting models. Thus,
several equations often need to be identified and estimated to model complex economic conditions, as in the national economy. Multi-equation
models have considerable appeal for economic forecasting because they explicitly recognize the interdependence of relationships commonly
encountered in business and economics. The best examples of this type of model are demand and supply models, in which prices of goods are
set by the interaction of buyers and sellers in the market. Thus, price appears as a variable in both the demand and supply equations.
The Equations
The Hotel Horizons® econometric forecasting models, because they represent an entire sector of the national and MSA economies, fall into the
category of multi-equation, demand and supply models. These models have a general structure as defined below, but vary in their form for
particular market applications:
1. Demand (the number of rooms occupied - accommodated demand) is the dependent variable in this equation, and equals either
Gross Domestic (Metropolitan) Product, Real Personal Income, or Total Employment, which serve as the main independent variable, along
with the lagged changes in any of these variables and the lagged demand from the prior year (different numbers of lags are used for
independent variables based upon statistical significance).
2. Supply Change (change in the number of rooms available) is the dependent variable, equals ADR and Occupancy, which serve as the
main independent variables along with the change in supply from the prior period (different numbers of lags are used for independent
variables based upon statistical significance).
3. ADR (Real) is the dependent variable, equals Occupancy, which is the main independent variable along with ADR from the prior
period (different numbers of lags are used for independent variables based upon statistical significance). ADR is represented as nominal
in the preceding report.
These equations are estimated with ordinary least squares in a non-simultaneous fashion using data from Smith Travel Research and Moody's
Analytics dating back to the late 1980s. The parameters (coefficients on each variable) then are used to forecast demand, supply change, and
ADR by multiplying the parameters with Moody's Analytics forecast of the economic variables and relevant previously estimated values (lagged
variables). Two additional calculations are made with these results as follows:
1. The Supply Change is added to the previous period number of rooms available to produce a rooms available level in future periods.
2. Number of rooms sold is divided by number of rooms available to obtain occupancy percent in each future period.
Regression equation estimations using time-series data, such as the work done to produce our Hotel Horizons® forecasts, may have an
econometric problem known as autocorrelation. For each of the equations estimated by PKF Hospitality Research, we run tests to detect the
presence of autocorrelation, and if the problem is found, corrective measures are introduced. Some tests and corrective measures are highly
specialized for situations like when equations have lagged dependent variables as in some of our equations.
The Judgmental Component
The econometric model predicts future room supply in small increments (e.g., 100 rooms per quarter). In reality, rooms enter the market in
large blocks (e.g., 1000 rooms) as new hotels are placed in service. When it becomes apparent that a new hotel(s) will be placed in service
within the next 18 months, the modeled supply change will be manually adjusted to account for the opening of the new hotel(s). The reverse
also is true when it become apparent that a hotel (s) will be taken out of service (e.g., demolished or converted to an alternative use).
Hotel Data from June 2012
Finally, a committee of hotel experts from PKF Hospitality Research performs a thorough review of each model prediction. The quarterly
forecasts for the current year, as well as the annual forecasts beyond the current year, are subject to this review. In the spirit of forecasting
described above in the Wikipedia definition, this committee modifies predictions from the model when there is compelling evidence that factors
have come into play in a market which the model could not possibly foresee. In the extreme case, a Katrina-style event causes the Committee’s
forecast to differ noticeably from the model's prediction. In most instances, however, the committee either defers to the model's prediction or
makes modest adjustments.
Economic Data from July 2012
What Has Changed Since The Last Report?
DALLAS, TX
Forecasts are valuable tools for developing expectations of key variables. Changes to forecasts occur for two primary reasons. The first is
adjustments to historical series made by the data provider, causing future periods to vary due to changes in their base. The second is that
economic expectations tend to shift as more information becomes available, thus moving the hotel variables according to their underlying
relationships. We are constantly re-evaluating the performance of Hotel Horizons® forecasts, and presented below is a view on how the
world has changed since the June - August 2012 issue, presented in same period, prior year change format. All data under "This Report" are
actual through 2nd Quarter 2012. Data marked as "Last Report" are actual through 1st Quarter 2012, with 2nd Quarter 2012 being the first
forecast period for that report. As noted on earlier pages, all of the hotel variables below are modeled using data from Moody's Analytics. It is
important to note that all historical data are subject to revision.
Smith Travel Research, our source for historical lodging data, has furthered refined the methods they use to estimate the performance of
hotels that do not participate in their surveys, and account for supply, demand, and revenue changes in a market when a hotel(s) closes or reopens. This modification in procedures has resulted in some changes to the historical performance data used in our Hotel Horizons® models.
2014
2014
2nd Qtr
2013
2013
0.2%
2012
1st Qtr
1.7%
1.8%
2012
-0.5%
1.8%
2.8%
3.3%
2.2%
Year End
0.7%
2.5%
1.8%
2.4%
1.7%
1.8%
1.0%
Year End
This Report
2.3%
1.7%
1.7%
2.1%
1.4%
3rd Qtr F
4th Qtr F
Year End
Change in Real Personal Income*
Last Report
2.4%
1.7%
3.4%
3.0%
3.3%
Change in Occupancy**
4.6%
1.8%
2.5%
4.0%
This Report
1.6%
5.0%
2.7%
3.8%
Last Report
1.6%
4.0%
2.7%
2.1%
Change in ADR**
8.4%
6.8%
2.5%
This Report
2.7%
3.2%
1.7%
4.8%
6.6%
6.8%
2.0%
Last Report
2.8%
2.2%
5.3%
4.4%
4.7%
1.9%
1.5%
4.0%
2.1%
6.0%
2.6%
Change in RevPAR**
3.7%
0.9%
1.5%
Change in Demand**
1.0%
2.9%
2.7%
Change in Supply**
1.9%
2.4%
2.8%
1.9%
Change in Total Payroll Employment*
0.3%
This Report
1.1%
4.5%
5.5%
8.2%
7.6%
1.1%
Last Report
1.1%
4.7%
7.3%
8.2%
0.4%
This Report
-5.1%
7.9%
1.5%
1.2%
6.5%
5.8%
0.3%
4.4%
5.3%
0.3%
3.2%
Last Report
-5.0%
7.1%
3.2%
This Report
-4.1%
2.6%
Last Report
-3.9%
2.3%
Last Report
This Report
* Economic data (history and forecast) are from Moody's Analytics
** Hotel performance data: History supplied by Smith Travel Research; Forecast developed by PKF Hospitality Research, LLC
2012
4.4%
Last Report
6.8%
2013
6.6%
2012 and 2013 Year End Forecast Change in RevPAR
4.7%
This Report
Hotel Horizons® myShare®
DALLAS, TX
Hotel Horizons® myShare® is an informed way to estimate the future performance of any submarket, competitive set, or subject property
based on the behavior of the overall market. Seventy five to eighty percent of all occupancy and rate movements experienced by a property,
the property or submarket itself, and those individuals who deal with the day to day operations of these properties are best suited to
or group of properties, can be explained through movements in the larger market. The remaining twenty to twenty-five percent is endemic to
understand and account for these differences.
The Penetration Rate
myShare® utilizes historical penetration rates of the submarket, competitive set, and subject property to the larger market to produce
informed micro-forecasts. myShare® gives the user the tools necessary to understand the historic movements of their subset, and apply that
knowledge to future periods in time. myShare® is being introduced on a complimentary basis in time for budget season, and is included with
www.pkfmyshare.com
View the video tutorial online at:
every Hotel Horizons single market report, including this one. Check your original download or email [email protected].
HOSPITALITY
RESEARCH
Glossary of Terms
Average Daily Rate - rooms revenue divided by paid rooms occupied.
DALLAS, TX
Average daily room nights available per quarter, represented as a change over previous year, same quarter except
ADR
(Accommodated Demand) Average daily room nights occupied per quarter, represented as a change over previous year,
Revenue per Available Room - rooms revenue divided by available rooms.
Supply
Long Run Average - Annual average from 1988 to 2011
Paid rooms occupied divided by available rooms.
Demand
Market area (or sub-market area) measurement as a percent of national (or market area) measurement.
Occupancy
LRA
RevPAR
Penetration
The plotting of a normal data series and how far each individual data point lies from the mean: 68.2% of the series will fall
within 1 standard deviation, 95.4% of all data points will fall within 2 standard deviations, and 99.7%
same quarter except where noted annually.
where noted annually.
Standard Deviation
Contact: Mark Woodworth
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[email protected]
Atlanta
Advisory &
Consulting Services
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Contact: Hank Staley
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Jacksonville
Contact: Mark Eble
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Contact: Randy McCaslin
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Dallas / Houston
Contact: Mark Eble
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Chicago
Washington, D.C.
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Contact: Tom Callahan
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Contact: Tom Blake
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Contact: David E. Arnold
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Contact: Rachel Faulkner
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Atlanta
Industry Research
& Publications
falling within 3 standard deviations of the mean.
Boston
Contact: Bruce Baltin
[email protected]
Contact: Jeff Lugosi
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Contact: Kannan Sankaran
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Contact: Thomas Lewerenz
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HOSPITALITY
RESEARCH LLC
Contact: Reed Woodworth
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Contact: Andrea Foster
[email protected]
New York
CONSULTING
USA LLC
Bozeman, MT
Contact: John A. Fox
[email protected]
Contact: Chuck Ross
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Contact: Christopher Kraus
[email protected]
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Hotel Horizons® is compiled and produced by PKF Hospitality Research, LLC, the research affiliate of PKF Consulting USA, LLC. Readers are advised that
neither PKF Consulting USA nor PKF Hospitality Research represent the data herein to be definitive, neither should the contents be construed as a
recommendation on policies or actions. Quotation, reproduction, and distribution are prohibited without the written permission of PKF Hospitality Research.
Please address inquiries to Hotel Horizons ®, 3475 Lenox Road, Suite 720, Atlanta GA 30326. Phone: (855) 223-1200
LAKE LEWISVILLE HOTEL & CONFERENCE CENTER
FIVE YEAR PROFORMA - COMP SET ANALYSIS
FIGURES EXPRESSED IN INFLATED 2012 DOLLARS
DATE REVISED
08/27/12
JULY YTD
Occupancy
2010
Dallas_Ft. Worth Regional Comp S
Projections
2012
2006
64.3%
70.1%
9.1%
1.3%
46.2%
50.5%
53.3%
9.2%
5.7%
62.4%
70.0%
71.1%
(0.2%)
12.2%
1.5%
Change
Texas Mid-Scale Resorts Comp Se
Change
Lewisville Comp Set
Change
2011
2007
71.0%
2008
50.1%
—
50.8%
—
70.3%
—
2009
2010
54.4%
63.7%
2011
68.2%
2012
69.0%
2013
71.5%
2014
72.2%
2015
72.5%
CAGR
2016
2017
72.5%
72.5%
2018
72.5%
2019
72.5%
2020
8.7%
17.1%
7.1%
1.1%
3.6%
1.0%
0.4%
0.0%
0.0%
0.0%
0.0%
0.0%
44.5%
48.7%
51.1%
52.6%
55.5%
58.0%
58.0%
58.0%
58.0%
58.0%
58.0%
58.0%
13.1%
1.1%
(23.4%)
9.4%
4.9%
3.0%
5.5%
4.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
66.1%
66.6%
60.0%
60.7%
67.9%
68.6%
69.0%
69.5%
67.0%
68.5%
69.3%
70.6%
70.6%
70.6%
(5.9%)
0.7%
(9.9%)
1.1%
11.8%
1.1%
0.6%
0.7%
(3.6%)
2.2%
1.2%
1.9%
0.0%
0.0%
58.0%
65.0%
69.0%
72.5%
72.5%
72.5%
12.1%
6.2%
5.1%
0.0%
0.0%
Change
—
11-15
15-19
10.9%
1.5%
0.0%
(2.9%)
3.2%
0.0%
0.6%
(0.3%)
1.3%
72.5%
58.0%
57.4%
07-11
5.7%
Index
Dallas_Ft. Worth Regional Comp Set
80.0%
89.7%
95.2%
100.0%
100.0%
100.0%
Texas Mid-Scale Resorts Comp Set
100.0%
112.1%
119.0%
125.0%
125.0%
125.0%
86.6%
94.9%
99.6%
102.7%
102.7%
102.7%
2017
2018
2019
2020
Lewisville Comp Set
JULY YTD
ADR
2010
Dallas_Ft. Worth Regional Comp S $ 134.96
Change
-2.6%
Texas Mid-Scale Resorts Comp Se $ 187.02
Change
Lewisville Comp Set
-1.5%
$ 87.74
Change
-8.2%
Projections
2011
2012
$ 143.14
$ 143.39
6.1%
$ 186.60
-0.2%
$ 91.24
4.0%
2006
2007
$ 143.13
0.2%
$ 193.78
3.9%
$ 92.37
1.2%
2008
—
$ 160.09
—
$ 90.34
—
$ 195.61
22.2%
$ 99.11
9.7%
$ 197.59
1.0%
$ 102.04
2.9%
2009
$ 131.98
(7.8%)
$ 186.53
(5.6%)
$ 92.32
-9.5%
2010
$ 133.22
0.9%
$ 182.52
(2.2%)
$ 86.92
-5.8%
2011
$ 138.29
3.8%
$ 185.52
1.6%
$ 90.41
4.0%
2012
$ 140.00
1.2%
$ 189.00
1.9%
$ 91.50
1.2%
2013
$ 149.80
7.0%
$ 200.34
6.0%
$ 96.53
5.5%
2014
$ 159.54
6.5%
$ 211.68
5.7%
$ 101.36
5.0%
2015
$ 168.31
5.5%
$ 221.84
4.8%
$ 106.22
4.8%
$ 151.00
Change
CAGR
2016
$ 177.06
$ 185.56
5.2%
$ 231.82
4.8%
$ 241.10
4.5%
$ 111.00
4.0%
$ 115.44
4.5%
$ 160.03
4.0%
$ 169.95
$ 192.06
3.5%
$ 248.33
3.0%
$ 118.91
3.0%
$ 178.45
$ 197.82
3.0%
$ 255.78
3.0%
$ 122.47
3.0%
$ 185.41
07-11
11-15
15-19
(1.1%)
5.0%
4.1%
(1.3%)
4.6%
3.6%
(2.3%)
4.1%
3.6%
$ 203.75
3.0%
$ 263.45
3.0%
$ 126.15
3.0%
$ 190.97
—
6.0%
6.2%
5.0%
3.9%
3.0%
89.7%
90.4%
91.6%
92.9%
93.7%
93.7%
68.1%
69.0%
70.5%
71.9%
72.5%
72.5%
142.2%
144.2%
147.2%
150.1%
151.4%
151.4%
2017
2018
2019
2020
5.3%
Index
Lewisville Comp Set
JULY YTD
Projections
RevPAR
2010
2011
2012
Dallas_Ft. Worth Regional Comp S
$86.74
$100.33
$101.83
Change
Texas mid-Scale
22.3%
$ 86.42
Change
Lewisville Comp Set
Change
3.4%
$ 54.79
-8.4%
15.7%
$ 94.14
8.9%
$ 63.91
16.7%
2006
2007
1.5%
$ 103.33
9.8%
$ 65.70
2.8%
$81.29
—
$ 63.50
—
$112.34
38.2%
$ 65.55
3.2%
2008
2009
2010
$71.65
$71.80
$84.89
2011
2012
$94.36 $ 96.60
—
0.2%
18.2%
11.2%
$114.68
$82.97
$88.86
$94.78 $ 99.45
2.1%
$ 67.98
3.7%
(27.6%)
$ 55.42
-18.5%
7.1%
$ 52.77
-4.8%
6.7%
$ 61.35
16.3%
2.4%
4.9%
$ 62.77
2.3%
2013
$ 107.11
10.9%
$ 111.22
11.8%
$ 66.61
6.1%
2014
$ 115.19
7.5%
$ 122.77
10.4%
$ 70.44
5.8%
2015
$ 122.03
5.9%
$ 128.67
4.8%
$ 71.17
1.0%
$ 87.58
Change
CAGR
2016
$ 128.37
$ 134.53
5.2%
$ 134.46
4.8%
$ 139.84
4.5%
4.0%
$ 76.04
$ 80.00
6.8%
$ 104.02
5.2%
$ 117.27
$ 139.24
3.5%
$ 144.03
3.0%
$ 83.95
4.9%
$ 129.37
$ 143.42
3.0%
$ 148.35
3.0%
$ 86.47
3.0%
$ 134.42
3.0%
3.0%
3.0%
10.3%
3.9%
3.0%
71.8%
81.0%
87.2%
92.9%
93.7%
93.7%
Texas mid-Scale
68.1%
77.4%
83.9%
89.8%
90.6%
90.6%
123.1%
136.8%
146.6%
154.1%
155.5%
155.5%
Hilton DFW Lakes Executive Conf Ctr
Total Properties / Rooms
231
393
614
284
294
1816
Lewisville Comp Set
Homewood Suites Dallas Lewisville
Ɣ
Holiday Inn Express & Suites Dallas Lewisville
Courtyard Dallas Lewisville
Hampton Inn Suites Dallas Lewisville Vista Ridge M
Hilton Garden Inn Dallas Lewisville
Comfort Suites Vista Ridge Mall Lewisville
Hampton Inn Dallas Lewisville
Best Western Plus Inn & Suites Lewisville
Residence Inn Dallas Lewisville
96
90
122
105
165
60
54
64
72
828
6.6%
4.1%
(4.2%)
7.9%
3.6%
(1.6%)
3.8%
5.0%
$ 138.45
12.7%
347
445
242
491
174
1699
9.6%
$ 89.06
18.8%
0
15-19
$ 152.80
—
Competitive Sets
#REF!
11-15
$ 147.72
Index
Lewisville Comp Set
07-11
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ΨϮ͕ϳϰϬ
ΨϳϲϬ
Ψϰϭ͕ϴϲϬ
Ψϰϯ͘Ϯϳ
ΨϭϬϬ͘Ϯϯ
Ψϭϲ͘Ϯϯ
Ψϭ͘ϵϱ
Ψϭϭ͘ϱϱ
Ψϯ͘ϮϬ
Ψϭϳϲ͘ϰϰ
ϯ͕Ϯϱϲ
ϳ͕ϳϮϲ
ϭ͕ϮϮϱ
ϭϰϲ
ϴϲϰ
ϮϰϮ
ϭϯ͕ϰϱϵ
Ϯϱ͘ϰй
ϳϮ͘ϭй
ϰϱ͘ϵй
ϭϬϱ͘ϴй
ϳϮ͘ϳй
ϴϯ͘ϰй
ϰϳ͘ϳй
ΨϭϬ͕ϴϱϯ
ΨϮϱ͕ϳϱϯ
Ψϰ͕Ϭϴϯ
Ψϰϴϳ
ΨϮ͕ϴϴϬ
ΨϴϬϳ
Ψϰϰ͕ϴϲϯ
Ψϰϯ͘Ϭϵ
ΨϭϬϮ͘Ϯϲ
Ψϭϲ͘Ϯϭ
Ψϭ͘ϵϯ
Ψϭϭ͘ϰϰ
Ψϯ͘ϮϬ
Ψϭϳϴ͘ϭϰ
ϯ͕ϰϮϵ
ϴ͕ϰϭϱ
ϭ͕Ϯϵϯ
ϭϱϰ
ϵϬϲ
Ϯϱϲ
ϭϰ͕ϰϱϯ
Ϯϰ͘Ϯй
ϳϭ͘ϱй
ϰϰ͘ϵй
ϭϬϯ͘ϰй
ϲϵ͘ϰй
ϴϭ͘ϴй
ϰϲ͘ϲй
Ψϭϭ͕ϰϯϬ
ΨϮϴ͕ϬϱϬ
Ψϰ͕ϯϭϬ
Ψϱϭϯ
Ψϯ͕ϬϮϬ
Ψϴϱϯ
Ψϰϴ͕ϭϳϳ
Ψϰϯ͘ϭϵ
ΨϭϬϲ͘ϬϬ
Ψϭϲ͘Ϯϵ
Ψϭ͘ϵϰ
Ψϭϭ͘ϰϭ
Ψϯ͘ϮϮ
ΨϭϴϮ͘Ϭϲ
ϯ͕ϱϯϮ
ϴ͕ϴϯϲ
ϭ͕ϯϯϮ
ϭϱϴ
ϵϯϰ
Ϯϲϯ
ϭϱ͕Ϭϱϱ
Ϯϰ͘Ϭй
ϳϭ͘ϱй
ϰϱ͘Ϭй
ϭϬϯ͘ϯй
ϲϴ͘ϭй
ϴϭ͘ϳй
ϰϲ͘ϲй
Ψϭϭ͕ϳϳϯ
ΨϮϵ͕ϰϱϯ
Ψϰ͕ϰϰϬ
ΨϱϮϳ
Ψϯ͕ϭϭϯ
Ψϴϳϳ
ΨϱϬ͕ϭϴϯ
Ψϰϰ͘ϰϵ
Ψϭϭϭ͘ϯϬ
Ψϭϲ͘ϳϴ
Ψϭ͘ϵϵ
Ψϭϭ͘ϳϳ
Ψϯ͘ϯϭ
Ψϭϴϵ͘ϲϰ
ϲ͕ϳϯϳ
Ϯ͕Ϭϯϯ
ϭ͕Ϭϴϱ
;ϭϲͿ
ϭϳϵ
Ϯϰ
ϯϯϵ
ϭϬ͕ϯϴϭ
ϳϬ͘ϯй
Ϯϯ͘ϴй
ϱϬ͘ϱй
Ͳϭϰ͘ϰй
ϭϴ͘ϵй
ϭϬ͘ϯй
ϭϬϬ͘Ϭй
ϰϳ͘ϰй
ΨϮϮ͕ϰϱϳ
Ψϲ͕ϳϳϳ
Ψϯ͕ϲϭϳ
Ψ;ϱϯͿ
Ψϱϵϳ
ΨϴϬ
Ψϭ͕ϭϯϬ
Ψϯϰ͕ϲϬϯ
ΨϭϬϲ͘Ϭϴ
ΨϯϮ͘Ϭϭ
Ψϭϳ͘Ϭϴ
Ψ;Ϭ͘ϮϱͿ
ΨϮ͘ϴϮ
ΨϬ͘ϯϴ
Ψϱ͘ϯϰ
Ψϭϲϯ͘ϰϱ
ϴ͕ϯϭϬ
Ϯ͕ϲϭϵ
ϭ͕Ϯϵϵ
;ϭϮͿ
Ϯϲϭ
ϯϵ
ϯϳϬ
ϭϮ͕ϴϴϲ
ϳϯ͘Ϭй
Ϯϲ͘ϵй
ϱϮ͘ϵй
Ͳϵ͘ϰй
Ϯϰ͘ϭй
ϭϰ͘ϲй
ϭϬϬ͘Ϭй
ϱϬ͘ϲй
ΨϮϳ͕ϳϬϬ
Ψϴ͕ϳϯϬ
Ψϰ͕ϯϯϬ
Ψ;ϰϬͿ
ΨϴϳϬ
ΨϭϯϬ
Ψϭ͕Ϯϯϯ
ΨϰϮ͕ϵϱϯ
Ψϭϭϲ͘ϳϱ
Ψϯϲ͘ϴϬ
Ψϭϴ͘Ϯϱ
Ψ;Ϭ͘ϭϳͿ
Ψϯ͘ϲϳ
ΨϬ͘ϱϱ
Ψϱ͘ϮϬ
Ψϭϴϭ͘Ϭϱ
ϵ͕ϱϴϱ
Ϯ͕ϵϴϱ
ϭ͕ϰϰϰ
;ϴͿ
ϯϮϱ
ϰϴ
ϯϵϰ
ϭϰ͕ϳϳϯ
ϳϰ͘ϲй
Ϯϳ͘ϵй
ϱϰ͘ϭй
Ͳϱ͘ϴй
Ϯϳ͘ϯй
ϭϲ͘ϲй
ϭϬϬ͘Ϭй
ϱϮ͘ϯй
Ψϯϭ͕ϵϱϬ
Ψϵ͕ϵϱϬ
Ψϰ͕ϴϭϯ
Ψ;ϮϳͿ
Ψϭ͕Ϭϴϯ
ΨϭϲϬ
Ψϭ͕ϯϭϯ
Ψϰϵ͕Ϯϰϯ
ΨϭϮϲ͘ϴϲ
Ψϯϵ͘ϱϭ
Ψϭϵ͘ϭϭ
Ψ;Ϭ͘ϭϭͿ
Ψϰ͘ϯϬ
ΨϬ͘ϲϰ
Ψϱ͘Ϯϭ
Ψϭϵϱ͘ϱϯ
ϭϬ͕ϳϯϴ
ϯ͕ϯϱϯ
ϭ͕ϱϴϰ
;ϱͿ
ϰϬϬ
ϱϳ
ϰϭϳ
ϭϲ͕ϱϰϰ
ϳϱ͘ϴй
Ϯϴ͘ϱй
ϱϱ͘ϭй
Ͳϯ͘ϰй
ϯϬ͘ϲй
ϭϴ͘Ϯй
ϭϬϬ͘Ϭй
ϱϯ͘ϰй
Ψϯϱ͕ϳϵϯ
Ψϭϭ͕ϭϳϳ
Ψϱ͕ϮϴϬ
Ψ;ϭϳͿ
Ψϭ͕ϯϯϯ
ΨϭϵϬ
Ψϭ͕ϯϵϬ
Ψϱϱ͕ϭϰϳ
Ψϭϯϱ͘Ϯϲ
ΨϰϮ͘Ϯϰ
Ψϭϵ͘ϵϱ
Ψ;Ϭ͘ϬϲͿ
Ψϱ͘Ϭϰ
ΨϬ͘ϳϮ
Ψϱ͘Ϯϱ
ΨϮϬϴ͘ϯϵ
ϭϭ͕ϭϴϳ
ϯ͕ϱϮϬ
ϭ͕ϲϯϭ
;ϱͿ
ϰϯϴ
ϱϵ
ϰϮϵ
ϭϳ͕Ϯϱϵ
ϳϲ͘Ϭй
Ϯϴ͘ϱй
ϱϱ͘Ϭй
Ͳϯ͘ϯй
ϯϭ͘ϵй
ϭϴ͘ϯй
ϭϬϬ͘Ϭй
ϱϯ͘ϰй
Ψϯϳ͕ϮϵϬ
Ψϭϭ͕ϳϯϯ
Ψϱ͕ϰϯϳ
Ψ;ϭϳͿ
Ψϭ͕ϰϲϬ
Ψϭϵϳ
Ψϭ͕ϰϯϬ
Ψϱϳ͕ϱϯϬ
ΨϭϰϬ͘ϵϮ
Ψϰϰ͘ϯϰ
ΨϮϬ͘ϱϰ
Ψ;Ϭ͘ϬϲͿ
Ψϱ͘ϱϮ
ΨϬ͘ϳϰ
Ψϱ͘ϰϬ
ΨϮϭϳ͘ϰϬ
ϭ͕ϴϯϯ
ϭ͕ϰϮϮ
ϵϮϮ
ϵϰϳ
ϱ͕ϭϮϰ
ϴ͘ϰй
ϲ͘ϱй
ϰ͘Ϯй
ϰ͘ϯй
Ϯϯ͘ϰй
Ψϲ͕ϭϭϬ
Ψϰ͕ϳϰϬ
Ψϯ͕Ϭϳϯ
Ψϯ͕ϭϱϳ
Ψϭϳ͕ϬϴϬ
ΨϮϴ͘ϴϲ
ΨϮϮ͘ϯϵ
Ψϭϰ͘ϱϮ
Ψϭϰ͘ϵϭ
ΨϴϬ͘ϲϴ
ϭ͕ϵϱϮ
ϭ͕ϱϯϭ
ϵϲϬ
ϵϴϳ
ϱ͕ϰϯϬ
ϳ͘ϳй
ϲ͘Ϭй
ϯ͘ϴй
ϯ͘ϵй
Ϯϭ͘ϯй
Ψϲ͕ϱϬϳ
Ψϱ͕ϭϬϯ
Ψϯ͕ϮϬϬ
Ψϯ͕ϮϵϬ
Ψϭϴ͕ϭϬϬ
ΨϮϳ͘ϰϯ
ΨϮϭ͘ϱϭ
Ψϭϯ͘ϰϵ
Ψϭϯ͘ϴϳ
Ψϳϲ͘Ϯϵ
Ϯ͕Ϭϰϵ
ϭ͕ϲϭϲ
ϭ͕Ϭϭϱ
ϭ͕ϬϮϯ
ϱ͕ϳϬϯ
ϳ͘ϯй
ϱ͘ϳй
ϯ͘ϲй
ϯ͘ϲй
ϮϬ͘Ϯй
Ψϲ͕ϴϯϬ
Ψϱ͕ϯϴϳ
Ψϯ͕ϯϴϯ
Ψϯ͕ϰϭϬ
Ψϭϵ͕ϬϭϬ
ΨϮϳ͘ϭϮ
ΨϮϭ͘ϯϵ
Ψϭϯ͘ϰϯ
Ψϭϯ͘ϱϰ
Ψϳϱ͘ϰϴ
Ϯ͕ϭϰϰ
ϭ͕ϳϬϬ
ϭ͕ϬϵϮ
ϭ͕Ϭϱϵ
ϱ͕ϵϵϱ
ϲ͘ϵй
ϱ͘ϱй
ϯ͘ϱй
ϯ͘ϰй
ϭϵ͘ϯй
Ψϳ͕ϭϰϳ
Ψϱ͕ϲϲϳ
Ψϯ͕ϲϰϬ
Ψϯ͕ϱϯϬ
Ψϭϵ͕ϵϴϯ
ΨϮϳ͘Ϭϭ
ΨϮϭ͘ϰϭ
Ψϭϯ͘ϳϲ
Ψϭϯ͘ϯϰ
Ψϳϱ͘ϱϮ
Ϯ͕ϮϬϵ
ϭ͕ϳϱϭ
ϭ͕ϭϳϵ
ϭ͕Ϭϵϭ
ϲ͕ϮϯϬ
ϲ͘ϴй
ϱ͘ϰй
ϯ͘ϲй
ϯ͘ϰй
ϭϵ͘ϯй
Ψϳ͕ϯϲϯ
Ψϱ͕ϴϯϳ
Ψϯ͕ϵϯϬ
Ψϯ͕ϲϯϳ
ΨϮϬ͕ϳϲϳ
ΨϮϳ͘ϴϯ
ΨϮϮ͘Ϭϲ
Ψϭϰ͘ϴϱ
Ψϭϯ͘ϳϰ
Ψϳϴ͘ϰϴ
ϱ͕Ϯϱϳ
Ϯϰ͘Ϭй Ψϭϳ͕ϱϮϯ ΨϴϮ͘ϳϳ
ϳ͕ϰϱϲ
Ϯϵ͘ϯй ΨϮϰ͕ϴϱϯ ΨϭϬϰ͘ϳϲ
ϵ͕ϬϳϬ
ϯϮ͘ϭй ΨϯϬ͕Ϯϯϯ ΨϭϮϬ͘Ϭϱ
ϭϬ͕ϱϰϵ
ϯϰ͘Ϭй Ψϯϱ͕ϭϲϯ ΨϭϯϮ͘ϴϴ
ϭϭ͕ϬϮϵ
ϯϰ͘ϭй Ψϯϲ͕ϳϲϯ Ψϭϯϴ͘ϵϯ
ϲϱϳ
Ϯϭϵ
ϴϳϲ
ϯ͘Ϭй ΨϮ͕ϭϵϬ ΨϭϬ͘ϯϰ
ϭ͘Ϭй ΨϳϯϬ Ψϯ͘ϰϱ
ϰ͘Ϭй ΨϮ͕ϵϮϬ Ψϭϯ͘ϳϵ
ϳϲϯ
Ϯϱϰ
ϭ͕Ϭϭϳ
ϯ͘Ϭй ΨϮ͕ϱϰϯ ΨϭϬ͘ϳϮ
ϭ͘Ϭй Ψϴϰϴ Ψϯ͘ϱϳ
ϰ͘Ϭй Ψϯ͕ϯϵϭ Ψϭϰ͘Ϯϵ
ϴϰϳ
ϮϴϮ
ϭ͕ϭϮϵ
ϯ͘Ϭй ΨϮ͕ϴϮϯ Ψϭϭ͘Ϯϭ
ϭ͘Ϭй Ψϵϰϭ Ψϯ͘ϳϰ
ϰ͘Ϭй Ψϯ͕ϳϲϰ Ψϭϰ͘ϵϱ
ϵϯϬ
ϯϭϬ
ϭ͕ϮϰϬ
ϯ͘Ϭй Ψϯ͕ϭϬϬ Ψϭϭ͘ϳϭ
ϭ͘Ϭй Ψϭ͕Ϭϯϯ Ψϯ͘ϵϬ
ϰ͘Ϭй Ψϰ͕ϭϯϯ Ψϭϱ͘ϲϮ
ϵϲϵ
ϯϮϯ
ϭ͕ϮϵϮ
ϯ͘Ϭй Ψϯ͕ϮϯϬ ΨϭϮ͘Ϯϭ
ϭ͘Ϭй Ψϭ͕Ϭϳϳ Ψϰ͘Ϭϳ
ϰ͘Ϭй Ψϰ͕ϯϬϳ Ψϭϲ͘Ϯϴ
ϰ͕ϯϴϭ
ϮϬ͘Ϭй Ψϭϰ͕ϲϬϯ Ψϲϴ͘ϵϴ
ϲ͕ϰϯϵ
Ϯϱ͘ϯй ΨϮϭ͕ϰϲϮ ΨϵϬ͘ϰϲ
ϳ͕ϵϰϭ
Ϯϴ͘ϭй ΨϮϲ͕ϰϲϵ ΨϭϬϱ͘ϭϬ
ϵ͕ϯϬϵ
ϯϬ͘Ϭй Ψϯϭ͕ϬϯϬ Ψϭϭϳ͘Ϯϲ
ϵ͕ϳϯϳ
ϯϬ͘ϭй ΨϯϮ͕ϰϱϲ ΨϭϮϮ͘ϲϱ
ϭ͕ϯϬϭ
ϭϳϱ
ϭ͕ϰϳϲ
ϱ͘ϵй Ψϰ͕ϯϯϳ ΨϮϬ͘ϰϴ
Ϭ͘ϴй Ψϱϴϯ ΨϮ͘ϳϲ
ϲ͘ϳй Ψϰ͕ϵϮϬ ΨϮϯ͘Ϯϰ
ϭ͕ϯϮϳ
ϭϴϬ
ϭ͕ϱϬϳ
ϱ͘Ϯй Ψϰ͕ϰϮϯ Ψϭϴ͘ϲϰ
Ϭ͘ϳй ΨϲϬϬ ΨϮ͘ϱϯ
ϱ͘ϵй Ψϱ͕ϬϮϯ ΨϮϭ͘ϭϳ
ϭ͕ϯϱϰ
ϭϴϲ
ϭ͕ϱϰϬ
ϰ͘ϴй Ψϰ͕ϱϭϯ Ψϭϳ͘ϵϮ
Ϭ͘ϳй ΨϲϮϬ Ψϰϰ͘ϵϮ
ϱ͘ϱй Ψϱ͕ϭϯϯ ΨϮϬ͘ϯϴ
ϭ͕ϯϴϭ
ϰϯ
ϭ͕ϰϮϰ
ϰ͘ϱй Ψϰ͕ϲϬϯ Ψϭϳ͘ϰϬ
ϰϯϭϵ͘Ϭй Ψϰϰ ΨϬ͘ϱϰ
ϰ͘ϲй Ψϰ͕ϳϰϳ Ψϭϳ͘ϵϰ
ϭ͕ϰϬϵ
ϭϵϳ
ϭ͕ϲϬϲ
ϰ͘ϰй Ψϰ͕ϲϵϳ Ψϭϳ͘ϳϱ
Ϭ͘ϲй Ψϲϱϳ ΨϮ͘ϰϴ
ϱ͘Ϭй Ψϱ͕ϯϱϯ ΨϮϬ͘Ϯϯ
EdKWZd/E'/EKD
Ϯ͕ϵϬϱ
ϭϯ͘ϯй Ψϵ͕ϲϴϯ Ψϰϱ͘ϳϰ
ϰ͕ϵϯϮ
ϭϵ͘ϰй Ψϭϲ͕ϰϯϵ Ψϲϵ͘Ϯϵ
ϲ͕ϰϬϭ
ϮϮ͘ϳй ΨϮϭ͕ϯϯϲ Ψϴϰ͘ϳϮ
ϳ͕ϴϴϱ
Ϯϱ͘ϰй ΨϮϲ͕Ϯϴϯ Ψϵϵ͘ϯϮ
ϴ͕ϭϯϭ
Ϯϱ͘Ϯй ΨϮϳ͕ϭϬϯ ΨϭϬϮ͘ϰϮ
&&ΘZ^Zs
Ed/EKD
ϰϯϴ
Ϯ͕ϰϲϳ
Ϯ͘Ϭй Ψϭ͕ϰϲϭ Ψϲ͘ϵϬ
ϭϭ͘ϯй Ψϴ͕ϮϮϮ Ψϯϴ͘ϴϰ
ϳϲϯ
ϰ͕ϭϲϴ
ϯ͘Ϭй ΨϮ͕ϱϰϰ ΨϭϬ͘ϳϮ
ϭϲ͘ϰй Ψϭϯ͕ϴϵϰ Ψϱϴ͘ϱϲ
ϭ͕ϭϮϵ
ϱ͕ϮϳϮ
ϰ͘Ϭй Ψϯ͕ϳϲϯ Ψϭϰ͘ϵϰ
ϭϴ͘ϳй Ψϭϳ͕ϱϳϮ Ψϲϵ͘ϳϳ
ϭ͕ϮϰϬ
ϲ͕ϲϰϱ
ϰ͘Ϭй Ψϰ͕ϭϯϯ Ψϭϱ͘ϲϮ
Ϯϭ͘ϰй ΨϮϮ͕ϭϱϬ Ψϴϯ͘ϳϬ
ϭ͕Ϯϵϯ
ϲ͕ϴϯϴ
ϰ͘Ϭй Ψϰ͕ϯϭϬ Ψϭϲ͘Ϯϵ
Ϯϭ͘Ϯй ΨϮϮ͕ϳϵϯ Ψϴϲ͘ϭϯ
'(3$570(17$/352),7
,Kd>ZKKD^
&KKΘsZ'
KE&ZE^Zs/^
d>W,KE
^W
dZE^WKZdd/KE
Kd,Z/EKD
WZdDEd>/EKD
hE/^dZ/hdKWZd/E'yWE^^
D/E/^dZd/sΘ'EZ>
^>^ΘDZ<d/E'
WZKW͘KWZ͘ΘD/EdEE
EZ'zK^d^
dKd>hE/^dZ/hdyWE^^
'ZK^^KWZd/E'WZK&/d
DE'DEd&^
^DE'DEd&^
^,Z^Zs/^
dKd>DE'DEd&^
/EKD&KZ&/y,Z'^
&/y,Z'^
WZKWZdzdy^ͬ/E^
/E^hZE
dKd>&/y,Z'^
#
These projections are based upon estimates and assumptions which are inherently subject to uncertainty and variation depending upon evolving events.
8.25%
10.0%
3.0%
5.0%
$1,141,645
1,383,813
200,000
253,594 *
200,000
691,906
$3,870,958
$17,709,083
$3,870,958
COST
$175,000
200,000
800,000
950,000
900,000
850,000
2,750,000
175,000
3,750,000
375,000
60,000
425,000
150,000
203,125
0
225,000
225,000
15,000
100,000
75,000
35,000
125,000
1,275,000
$13,838,125
TOTAL
FURNITURE, FIXTURES, AND EQUIPMENT
Administration and Back-of-House
Artwork/Accessories (Allowance)
Audiovisual
Systems
Conference Areas
Food & Beverage Outlets
Food & Beverage Production & Service
Graphics/Signage
Guestrooms
Housekeeping and Laundry
Mobile Communications
Public Areas and Corridors
Telephone System
Televisions
Vehicles (Lease)
Public Area Lighting Fixtures (Allowance)
Fitness Center & Pool
Employee Cafe and Lockers
Mock-up Room**
Back-of-House Millwork
Vending Ice Machines
Spa
Prestock
FF&E Budget
September 19, 2012
*
*
*
*
*
*
*
*
*
*
*
*
*
*
OTHER EXPENSES:
Sales Tax
Freight
Warehousing
Procurement
Installation
Contingency
** Includes construction & FF&E
United Kingdom
Blue Fin Building
110 Southwark Street
London SE1 0TA
Phone: +44 (0)20 7922 1930
Fax: +44 (0)20 7922 1931
www.strglobal.com
United States
735 East Main Street
Hendersonville
TN 37075
Phone: +1 (615) 824 8664
Fax: +1 (615) 824 3848
www.str.com
Fort Worth, TX Area Selected Properties
April 2008 to June 2012
Job Number: 438827_SADIM
Currency: USD - US Dollar
Tab
Table of Contents
1
Data by Measure
2
Percent Change by Measure
3
Percent Change by Year
4
Twelve Month Moving Average
5
Day of Week Analysis
6
Raw Data
7
Classic
8
Response Report
9
Help
10
Terms and Conditions
11
Staff: SS
Created: August 17, 2012
Tab 2 - Data by Measure
Job Number: 438827_SADIM Staff: SS
Occupancy (%)
2008
2009
2010
2011
2012
Avg
January
37.5
35.9
54.9
65.9
70.3
56.7
February
47.5
52.0
69.3
70.6
75.3
66.8
March
45.5
48.6
64.6
69.7
73.0
64.0
April
59.6
58.5
66.0
71.1
72.9
66.1
May
43.8
48.4
62.1
69.2
66.3
59.0
June
59.0
64.5
69.5
74.2
68.7
67.8
July
47.9
60.7
66.0
67.4
January
151.34
140.34
128.15
135.60
137.19
135.04
February
158.64
147.64
140.64
168.90
144.15
150.45
March
152.80
141.80
136.18
140.68
143.45
140.55
April
155.34
144.40
141.28
142.97
150.13
146.16
May
151.42
127.94
129.88
132.49
143.71
135.80
June
143.63
131.11
132.75
140.01
141.64
137.40
July
127.50
124.27
124.45
130.81
August
131.62
122.24
125.94
127.62
126.72
126.36
January
56.77
50.32
70.32
89.38
96.39
76.59
February
75.29
76.77
97.44
119.23
108.59
100.50
March
69.60
68.96
87.91
98.08
104.69
89.90
April
92.65
84.47
93.30
101.61
109.46
96.56
May
66.32
61.87
80.60
91.73
95.34
80.10
June
84.78
84.51
92.29
103.94
97.27
93.12
July
61.08
75.47
82.16
88.15
August
64.76
66.19
81.23
79.63
78.16
73.71
January
37,324
56,358
56,358
56,296
56,296
56,327
February
33,712
50,904
50,904
50,848
50,848
50,876
March
37,324
56,358
56,358
56,296
56,296
56,327
April
36,120
54,540
54,540
54,480
54,480
50,832
May
37,324
56,358
56,358
56,296
56,296
52,526
June
36,120
54,540
54,540
54,480
54,480
50,832
July
37,324
56,358
56,358
56,296
August
37,324
56,358
56,358
56,296
51,584
51,584
January
14,000
20,207
30,924
37,106
39,553
31,948
February
16,000
26,468
35,268
35,894
38,305
33,984
March
17,000
27,409
36,382
39,248
41,083
36,031
April
21,543
31,902
36,019
38,719
39,721
33,581
May
16,346
27,255
34,974
38,976
37,347
30,980
June
21,320
35,156
37,916
40,444
37,415
34,450
July
17,880
34,227
37,210
37,939
August
18,364
30,518
36,350
35,127
31,814
30,090
January
2,118,755
2,835,843
3,962,932
5,031,601
5,426,128
4,314,126
February
2,538,270
3,907,785
4,959,994
6,062,432
5,521,807
5,113,005
March
2,597,573
3,886,552
4,954,521
5,521,478
5,893,359
5,063,978
April
3,346,471
4,606,737
5,088,714
5,535,485
5,963,355
4,908,152
May
2,475,164
3,487,062
4,542,565
5,163,794
5,367,138
4,207,145
June
3,062,279
4,609,250
5,033,320
5,662,446
5,299,333
4,733,326
July
2,279,747
4,253,248
4,630,649
4,962,619
August
2,417,144
3,730,512
4,577,738
4,482,734
September
2,975,273
4,255,559
4,767,553
5,593,341
October
3,477,527
5,038,209
5,879,806
5,850,224
November
2,399,851
4,053,999
4,662,140
5,143,200
December
1,800,290
2,979,105
3,272,064
3,538,890
Total Year
31,488,343
47,643,861
56,331,996
62,548,244
4,031,566
3,802,032
4,397,932
5,061,442
4,064,798
2,897,587
55,508,034
61.7
August
49.2
54.2
64.5
62.4
58.3
September
59.9
59.2
65.1
74.6
65.1
October
63.7
67.3
74.7
73.3
70.3
November
46.5
57.3
60.8
68.0
59.2
December
41.1
46.9
48.0
53.1
47.8
Total Year
50.1
54.4
63.7
68.2
62.1
Jun YTD
51.2
64.3
70.1
71.0
64.1
ADR ($)
2008
2009
2010
2011
2012
Avg
September
137.53
131.81
134.36
137.68
135.29
October
146.31
132.90
139.69
141.73
139.58
November
142.88
129.81
140.58
138.74
137.49
December
117.36
112.72
120.86
118.41
117.39
Total Year
143.13
131.98
133.22
138.29
134.71
Jun YTD
138.56
134.96
143.14
143.39
140.25
RevPAR ($)
2008
2009
2010
2011
2012
Avg
September
82.37
78.03
87.41
102.67
88.10
October
93.17
89.40
104.33
103.92
98.12
November
66.44
74.33
85.48
94.41
81.43
December
48.23
52.86
58.06
62.86
56.17
Total Year
71.65
71.80
84.89
94.36
83.68
Jun YTD
70.91
86.74
100.33
101.83
89.95
Supply
2008
2009
2010
2011
2012
Avg
September
36,120
54,540
54,540
54,480
49,920
October
37,324
56,358
56,358
56,296
51,584
November
36,120
54,540
54,540
54,480
49,920
December
37,324
56,358
56,358
56,296
51,584
Total Year
439,460
663,570
663,570
662,840
663,327
Jun YTD
329,058
329,058
328,696
328,696
328,877
Demand
2008
2009
2010
2011
2012
Avg
September
21,633
32,285
35,484
40,626
32,507
October
23,769
37,910
42,091
41,277
36,262
November
16,796
31,231
33,163
37,070
29,565
December
15,340
26,429
27,074
29,888
24,683
Total Year
219,991
360,997
422,855
452,314
412,055
Jun YTD
168,397
211,483
230,387
233,424
210,923
Revenue ($)
2008
2009
2010
2011
2012
Avg
Jun YTD
23,333,229
28,542,046
32,977,236
33,471,120
29,580,908
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Tab 3 - Percent Change from Previous Year - Detail by Measure
Occupancy
January
2009
2010
2011
2012
Avg
53.0
20.1
6.6
26.6
February
33.2
1.9
6.7
14.0
March
32.7
8.0
4.7
15.1
April
-1.9
12.9
7.6
2.6
5.3
May
10.4
28.3
11.6
-4.2
11.5
June
9.2
7.9
6.8
-7.5
4.1
July
26.8
8.7
2.1
April
-7.0
-2.2
1.2
5.0
-0.7
May
-15.5
1.5
2.0
8.5
-0.9
June
-8.7
1.3
5.5
1.2
-0.2
July
-2.5
0.1
5.1
April
-8.8
10.5
8.9
7.7
4.6
May
-6.7
30.3
13.8
3.9
10.3
June
-0.3
9.2
12.6
-6.4
3.8
July
23.6
8.9
7.3
April
51.0
0.0
-0.1
0.0
12.7
May
51.0
0.0
-0.1
0.0
12.7
June
51.0
0.0
-0.1
0.0
12.7
April
48.1
12.9
7.5
2.6
17.8
May
66.7
28.3
11.4
-4.2
25.6
June
64.9
7.9
6.7
-7.5
18.0
April
37.7
10.5
8.8
7.7
16.2
May
40.9
30.3
13.7
3.9
22.2
June
50.5
9.2
12.5
-6.4
16.5
12.5
August
10.1
19.1
-3.3
8.6
September
-1.2
9.9
14.6
7.8
October
5.6
11.0
-1.8
4.9
November
23.1
6.2
11.9
13.7
December
14.1
2.4
10.5
9.0
Total Year
17.1
7.1
12.1
Jun YTD
25.6
9.1
1.3
12.0
ADR
January
2009
2010
2011
2012
Avg
-8.7
5.8
1.2
-0.6
February
-4.7
20.1
-14.7
0.2
March
-4.0
3.3
2.0
0.4
0.9
August
-7.1
3.0
1.3
-0.9
September
-4.2
1.9
2.5
0.1
October
-9.2
5.1
1.5
-0.9
November
-9.2
8.3
-1.3
-0.7
December
-4.0
7.2
-2.0
0.4
Total Year
0.9
3.8
2.4
Jun YTD
-2.6
6.1
0.2
1.2
RevPAR
January
2009
2010
2011
2012
Avg
39.7
27.1
7.8
24.9
February
26.9
22.4
-8.9
13.5
March
27.5
11.6
6.7
15.3
13.2
August
2.2
22.7
-2.0
7.7
September
-5.3
12.0
17.5
8.1
October
-4.1
16.7
-0.4
4.1
November
11.9
15.0
10.4
12.4
December
9.6
9.8
8.3
9.2
Total Year
18.2
11.2
14.7
Jun YTD
22.3
15.7
1.5
13.2
Supply
January
2009
2010
2011
2012
Avg
0.0
-0.1
0.0
-0.0
February
0.0
-0.1
0.0
-0.0
March
0.0
-0.1
0.0
-0.0
July
51.0
0.0
-0.1
17.0
August
51.0
0.0
-0.1
17.0
September
51.0
0.0
-0.1
17.0
October
51.0
0.0
-0.1
17.0
November
51.0
0.0
-0.1
17.0
December
51.0
0.0
-0.1
17.0
Total Year
0.0
-0.1
-0.1
Jun YTD
0.0
-0.1
0.0
-0.0
Demand
January
2009
2010
2011
2012
Avg
53.0
20.0
6.6
26.5
February
33.2
1.8
6.7
13.9
March
32.7
7.9
4.7
15.1
July
91.4
8.7
2.0
34.0
August
66.2
19.1
-3.4
27.3
September
49.2
9.9
14.5
24.5
October
59.5
11.0
-1.9
22.9
November
85.9
6.2
11.8
34.6
December
72.3
2.4
10.4
28.4
Total Year
17.1
7.0
12.1
Jun YTD
25.6
8.9
1.3
11.9
Revenue
January
2009
2010
2011
2012
Avg
39.7
27.0
7.8
24.9
February
26.9
22.2
-8.9
13.4
March
27.5
11.4
6.7
15.2
July
86.6
8.9
7.2
34.2
August
54.3
22.7
-2.1
25.0
September
43.0
12.0
17.3
24.1
October
44.9
16.7
-0.5
20.4
November
68.9
15.0
10.3
31.4
December
65.5
9.8
8.2
27.8
Total Year
18.2
11.0
14.6
Jun YTD
22.3
15.5
1.5
13.1
Tab 4 - Percent Change from Previous Year - Detail by Year
Jan 09
Feb 09
Mar 09
Occ
ADR
RevPAR
Supply
Demand
Revenue
Occ
ADR
RevPAR
Supply
Demand
Revenue
Occ
ADR
RevPAR
Supply
Demand
Revenue
Occ
ADR
RevPAR
Supply
Demand
Revenue
Apr 09
-1.9
-7.0
-8.8
51.0
48.1
37.7
Jan 10
Feb 10
Mar 10
53.0
-8.7
39.7
0.0
53.0
39.7
33.2
-4.7
26.9
0.0
33.2
26.9
32.7
-4.0
27.5
0.0
32.7
27.5
Jan 11
Feb 11
Mar 11
20.1
5.8
27.1
-0.1
20.0
27.0
1.9
20.1
22.4
-0.1
1.8
22.2
8.0
3.3
11.6
-0.1
7.9
11.4
Jan 12
Feb 12
Mar 12
6.6
1.2
7.8
0.0
6.6
7.8
6.7
-14.7
-8.9
0.0
6.7
-8.9
4.7
2.0
6.7
0.0
4.7
6.7
Apr 10
12.9
-2.2
10.5
0.0
12.9
10.5
Apr 11
7.6
1.2
8.9
-0.1
7.5
8.8
Apr 12
2.6
5.0
7.7
0.0
2.6
7.7
May 09
10.4
-15.5
-6.7
51.0
66.7
40.9
May 10
28.3
1.5
30.3
0.0
28.3
30.3
May 11
11.6
2.0
13.8
-0.1
11.4
13.7
May 12
-4.2
8.5
3.9
0.0
-4.2
3.9
Jun 09
9.2
-8.7
-0.3
51.0
64.9
50.5
Jun 10
7.9
1.3
9.2
0.0
7.9
9.2
Jun 11
6.8
5.5
12.6
-0.1
6.7
12.5
Jun 12
-7.5
1.2
-6.4
0.0
-7.5
-6.4
Jul 09
26.8
-2.5
23.6
51.0
91.4
86.6
Jul 10
8.7
0.1
8.9
0.0
8.7
8.9
Jul 11
2.1
5.1
7.3
-0.1
2.0
7.2
Jul 12
Aug 09
10.1
-7.1
2.2
51.0
66.2
54.3
Aug 10
19.1
3.0
22.7
0.0
19.1
22.7
Aug 11
-3.3
1.3
-2.0
-0.1
-3.4
-2.1
Aug 12
Sep 09
-1.2
-4.2
-5.3
51.0
49.2
43.0
Sep 10
9.9
1.9
12.0
0.0
9.9
12.0
Sep 11
14.6
2.5
17.5
-0.1
14.5
17.3
Sep 12
Oct 09
5.6
-9.2
-4.1
51.0
59.5
44.9
Oct 10
11.0
5.1
16.7
0.0
11.0
16.7
Oct 11
-1.8
1.5
-0.4
-0.1
-1.9
-0.5
Oct 12
Nov 09
23.1
-9.2
11.9
51.0
85.9
68.9
Nov 10
6.2
8.3
15.0
0.0
6.2
15.0
Nov 11
11.9
-1.3
10.4
-0.1
11.8
10.3
Nov 12
Dec 09
Total Year
Jun YTD
Total Year
Jun YTD
14.1
-4.0
9.6
51.0
72.3
65.5
Dec 10
2.4
7.2
9.8
0.0
2.4
9.8
Dec 11
10.5
-2.0
8.3
-0.1
10.4
8.2
Dec 12
17.1
0.9
18.2
0.0
17.1
18.2
Total Year
7.1
3.8
11.2
-0.1
7.0
11.0
Total Year
25.6
-2.6
22.3
0.0
25.6
22.3
Jun YTD
9.1
6.1
15.7
-0.1
8.9
15.5
Jun YTD
1.3
0.2
1.5
0.0
1.3
1.5
Tab 5 - Twelve Month Moving Average
Occupancy (%)
January
2009
2010
2011
2012
56.0
64.7
68.6
February
57.3
64.8
69.0
March
58.7
65.2
69.2
April
50.2
59.3
65.6
69.4
May
50.4
60.5
66.2
69.2
June
51.2
60.9
66.6
68.7
July
52.4
61.3
66.7
August
52.8
62.2
66.5
September
52.9
62.7
67.3
October
53.6
63.3
67.2
November
54.3
63.6
67.8
December
54.4
63.7
68.2
April
140.32
130.52
136.75
137.39
May
138.39
130.64
136.92
138.32
June
137.09
130.80
137.56
138.45
July
136.19
130.77
138.08
August
135.09
130.97
138.25
September
134.60
131.19
138.51
October
133.58
131.89
138.69
November
132.79
132.73
138.56
December
131.98
133.22
138.29
April
70.40
77.42
89.72
95.35
May
69.78
79.01
90.67
95.66
June
70.26
79.65
91.63
95.11
July
71.37
80.22
92.14
August
71.30
81.49
92.00
September
71.24
82.27
93.25
October
71.57
83.53
93.22
November
72.09
84.45
93.95
December
71.80
84.89
94.36
April
513,140
663,570
663,330
662,840
May
532,174
663,570
663,268
662,840
June
550,594
663,570
663,208
662,840
July
569,628
663,570
663,146
August
588,662
663,570
663,084
September
607,082
663,570
663,024
October
626,116
663,570
662,962
November
644,536
663,570
662,902
December
663,570
663,570
662,840
April
257,434
393,604
435,229
460,009
May
268,343
401,323
439,231
458,380
June
282,179
404,083
441,759
455,351
July
298,526
407,066
442,488
August
310,680
412,898
441,265
September
321,332
416,097
446,407
October
335,473
420,278
445,593
November
349,908
422,210
449,500
December
360,997
422,855
452,314
April
36,124,192
51,373,105
59,516,831
63,201,897
May
37,136,090
52,428,608
60,138,060
63,405,241
June
38,683,061
52,852,678
60,767,186
63,042,128
July
40,656,562
53,230,079
61,099,156
August
41,969,930
54,077,305
61,004,152
September
43,250,216
54,589,299
61,829,940
October
44,810,898
55,430,896
61,800,358
November
46,465,046
56,039,037
62,281,418
December
47,643,861
56,331,996
62,548,244
ADR ($)
2009
2010
2011
2012
January
February
131.21
133.79
138.41
130.94
136.16
136.50
January
February
March
130.66
136.57
136.76
RevPAR ($)
2009
2010
2011
2012
73.50
86.51
94.96
75.08
88.18
94.14
March
76.69
89.04
94.70
Supply
2009
2010
2011
2012
January
February
663,570
663,508
662,840
663,570
663,452
662,840
January
February
371,714
429,037
454,761
380,514
429,663
457,172
January
February
March
663,570
663,390
662,840
Demand
2009
2010
2011
2012
March
389,487
432,529
459,007
Revenue ($)
2009
2010
2011
2012
48,770,950
57,400,665
62,942,771
High value is boxed.
49,823,159
58,503,103
62,402,146
March
50,891,128
59,070,060
62,774,027
Low value is boxed and italicized.
Tab 6 - Day of Week Analysis
Occupancy (%)
Jul - 11
Aug - 11
Sep - 11
Oct - 11
Nov - 11
Dec - 11
Jan - 12
Feb - 12
Mar - 12
Apr - 12
May - 12
Jun - 12
Total Year
Three Year Occupancy (%)
Sun
53.6
39.2
57.4
53.2
45.7
42.3
51.2
54.4
47.7
45.4
40.5
33.5
47.3
Mon
67.2
60.6
70.4
75.3
60.8
50.1
70.3
68.4
70.4
74.1
55.8
61.9
65.8
Tue
74.6
70.7
79.0
89.5
71.7
54.1
77.8
81.6
79.2
85.3
76.8
76.6
76.2
Wed
72.4
71.4
80.9
85.2
75.5
54.2
81.1
85.7
86.8
82.2
80.0
84.7
78.3
Thu
64.9
64.2
70.1
69.8
71.9
49.2
73.7
72.9
77.3
70.7
66.2
78.5
68.8
Fri
68.4
62.7
82.1
65.0
73.5
53.2
72.5
81.8
72.0
79.3
66.3
74.1
70.8
Sat
72.6
64.0
81.4
78.5
74.4
66.1
68.2
80.0
75.9
79.9
72.8
69.7
73.5
Total Month
67.4
62.4
74.6
73.3
68.0
53.1
70.3
75.3
73.0
72.9
66.3
68.7
68.7
Sun
128.03
119.45
130.34
141.13
139.34
115.55
128.59
139.10
133.50
139.57
129.84
134.85
132.09
Mon
136.44
128.34
143.60
146.72
135.90
123.36
137.13
145.59
142.64
154.47
143.70
139.69
140.60
Tue
138.13
132.12
143.80
149.93
142.07
123.72
146.05
148.55
147.24
157.07
151.22
144.35
144.41
Wed
140.73
131.14
142.05
145.93
139.72
121.18
136.52
150.98
153.14
155.49
153.83
150.04
144.32
Thu
135.20
128.19
136.73
142.84
142.99
122.74
140.26
145.23
150.69
153.36
149.18
149.70
142.11
Fri
121.55
123.59
132.96
130.01
134.30
108.20
132.90
134.49
137.13
141.79
134.56
135.85
131.10
Sat
120.33
123.99
134.42
133.20
135.75
116.54
134.71
141.64
135.64
145.11
129.76
133.96
132.08
Total Month
130.81
127.62
137.68
141.73
138.74
118.41
137.19
144.15
143.45
150.13
143.71
141.64
138.45
Sun
68.60
46.80
74.77
75.06
63.72
48.86
65.83
75.65
63.71
63.42
52.62
45.15
62.46
Mon
91.64
77.83
101.10
110.48
82.63
61.84
96.34
99.60
100.36
114.39
80.14
86.45
92.49
Tue
103.04
93.41
113.55
134.22
101.84
66.99
113.68
121.22
116.55
134.03
116.16
110.63
110.09
Wed
101.85
93.69
114.92
124.32
105.53
65.73
110.69
129.37
132.96
127.80
123.01
127.14
113.02
Thu
87.78
82.30
95.84
99.68
102.76
60.38
103.31
105.81
116.53
108.49
98.71
117.57
97.83
Fri
83.13
77.49
109.20
84.46
98.75
57.56
96.36
109.97
98.76
112.48
89.25
100.68
92.82
Sat
87.38
79.36
109.36
104.61
100.97
77.06
91.81
113.34
102.90
115.87
94.52
93.39
97.08
Total Month
88.15
79.63
102.67
103.92
94.41
62.86
96.39
108.59
104.69
109.46
95.34
97.27
95.11
ADR
Jul - 11
Aug - 11
Sep - 11
Oct - 11
Nov - 11
Dec - 11
Jan - 12
Feb - 12
Mar - 12
Apr - 12
May - 12
Jun - 12
Total Year
Sun
38.6
45.9
47.3
43.9
Mon
59.9
65.2
65.8
63.6
Tue
68.7
75.6
76.2
73.5
Wed
68.8
75.5
78.3
74.2
Thu
61.5
67.2
68.8
65.8
Fri
63.6
68.1
70.8
67.5
Sat
65.0
68.8
73.5
69.1
Total Year
60.9
66.6
68.7
65.4
Sun
124.97
137.51
132.09
131.89
Mon
134.75
139.62
140.60
138.43
Tue
136.63
140.24
144.41
140.55
Wed
135.65
140.43
144.32
140.29
Thu
134.29
139.58
142.11
138.81
Fri
123.57
132.51
131.10
129.22
Sat
122.98
132.50
132.08
129.38
Total Year
130.80
137.56
138.45
135.77
Sun
48.24
63.17
62.46
57.95
Mon
80.69
91.01
92.49
88.06
Tue
93.92
105.96
110.09
103.32
Wed
93.35
106.01
113.02
104.04
Thu
82.52
93.79
97.83
91.39
Fri
78.61
90.24
92.82
87.25
Sat
79.94
91.15
97.08
89.43
Total Year
79.65
91.63
95.11
88.79
Three Year ADR
RevPAR
Jul - 11
Aug - 11
Sep - 11
Oct - 11
Nov - 11
Dec - 11
Jan - 12
Feb - 12
Mar - 12
Apr - 12
May - 12
Jun - 12
Total Year
Jul 09 - Jun 10
Jul 10 - Jun 11
Jul 11 - Jun 12
Total 3 Yr
Jul 09 - Jun 10
Jul 10 - Jun 11
Jul 11 - Jun 12
Total 3 Yr
Three Year RevPAR
Jul 09 - Jun 10
Jul 10 - Jun 11
Jul 11 - Jun 12
Total 3 Yr
Tab 7 - Raw Data
Date
Apr 08
May 08
Jun 08
Jul 08
Aug 08
Sep 08
Oct 08
Nov 08
Dec 08
Jan 09
Feb 09
Mar 09
Apr 09
May 09
Jun 09
Jul 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Occupancy
This
Year
% Chg
59.6
43.8
59.0
47.9
49.2
59.9
63.7
46.5
41.1
35.9
52.0
48.6
58.5
-1.9
48.4
10.4
64.5
9.2
60.7
26.8
54.2
10.1
59.2
-1.2
67.3
5.6
57.3
23.1
46.9
14.1
54.9
53.0
69.3
33.2
64.6
32.7
66.0
12.9
62.1
28.3
69.5
7.9
66.0
8.7
64.5
19.1
65.1
9.9
74.7
11.0
60.8
6.2
48.0
2.4
65.9
20.1
70.6
1.9
69.7
8.0
71.1
7.6
69.2
11.6
74.2
6.8
67.4
2.1
62.4
-3.3
74.6
14.6
73.3
-1.8
68.0
11.9
53.1
10.5
70.3
6.6
75.3
6.7
73.0
4.7
ADR
This
Year
% Chg
155.34
151.42
143.63
127.50
131.62
137.53
146.31
142.88
117.36
140.34
147.64
141.80
144.40
-7.0
127.94
-15.5
131.11
-8.7
124.27
-2.5
122.24
-7.1
131.81
-4.2
132.90
-9.2
129.81
-9.2
112.72
-4.0
128.15
-8.7
140.64
-4.7
136.18
-4.0
141.28
-2.2
129.88
1.5
132.75
1.3
124.45
0.1
125.94
3.0
134.36
1.9
139.69
5.1
140.58
8.3
120.86
7.2
135.60
5.8
168.90
20.1
140.68
3.3
142.97
1.2
132.49
2.0
140.01
5.5
130.81
5.1
127.62
1.3
137.68
2.5
141.73
1.5
138.74
-1.3
118.41
-2.0
137.19
1.2
144.15
-14.7
143.45
2.0
RevPar
This
Year
% Chg
92.65
66.32
84.78
61.08
64.76
82.37
93.17
66.44
48.23
50.32
76.77
68.96
84.47
-8.8
61.87
-6.7
84.51
-0.3
75.47
23.6
66.19
2.2
78.03
-5.3
89.40
-4.1
74.33
11.9
52.86
9.6
70.32
39.7
97.44
26.9
87.91
27.5
93.30
10.5
80.60
30.3
92.29
9.2
82.16
8.9
81.23
22.7
87.41
12.0
104.33
16.7
85.48
15.0
58.06
9.8
89.38
27.1
119.23
22.4
98.08
11.6
101.61
8.9
91.73
13.8
103.94
12.6
88.15
7.3
79.63
-2.0
102.67
17.5
103.92
-0.4
94.41
10.4
62.86
8.3
96.39
7.8
108.59
-8.9
104.69
6.7
Supply
This Year
36,120
37,324
36,120
37,324
37,324
36,120
37,324
36,120
37,324
56,358
50,904
56,358
54,540
56,358
54,540
56,358
56,358
54,540
56,358
54,540
56,358
56,358
50,904
56,358
54,540
56,358
54,540
56,358
56,358
54,540
56,358
54,540
56,358
56,296
50,848
56,296
54,480
56,296
54,480
56,296
56,296
54,480
56,296
54,480
56,296
56,296
50,848
56,296
Demand
% Chg
51.0
51.0
51.0
51.0
51.0
51.0
51.0
51.0
51.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
0.0
0.0
0.0
This Year
21,543
16,346
21,320
17,880
18,364
21,633
23,769
16,796
15,340
20,207
26,468
27,409
31,902
27,255
35,156
34,227
30,518
32,285
37,910
31,231
26,429
30,924
35,268
36,382
36,019
34,974
37,916
37,210
36,350
35,484
42,091
33,163
27,074
37,106
35,894
39,248
38,719
38,976
40,444
37,939
35,127
40,626
41,277
37,070
29,888
39,553
38,305
41,083
Revenue
% Chg
48.1
66.7
64.9
91.4
66.2
49.2
59.5
85.9
72.3
53.0
33.2
32.7
12.9
28.3
7.9
8.7
19.1
9.9
11.0
6.2
2.4
20.0
1.8
7.9
7.5
11.4
6.7
2.0
-3.4
14.5
-1.9
11.8
10.4
6.6
6.7
4.7
This Year
3,346,471
2,475,164
3,062,279
2,279,747
2,417,144
2,975,273
3,477,527
2,399,851
1,800,290
2,835,843
3,907,785
3,886,552
4,606,737
3,487,062
4,609,250
4,253,248
3,730,512
4,255,559
5,038,209
4,053,999
2,979,105
3,962,932
4,959,994
4,954,521
5,088,714
4,542,565
5,033,320
4,630,649
4,577,738
4,767,553
5,879,806
4,662,140
3,272,064
5,031,601
6,062,432
5,521,478
5,535,485
5,163,794
5,662,446
4,962,619
4,482,734
5,593,341
5,850,224
5,143,200
3,538,890
5,426,128
5,521,807
5,893,359
% Chg Census Props
4
4
4
4
4
4
4
4
4
5
5
5
37.7
5
40.9
5
50.5
5
86.6
5
54.3
5
43.0
5
44.9
5
68.9
5
65.5
5
39.7
5
26.9
5
27.5
5
10.5
5
30.3
5
9.2
5
8.9
5
22.7
5
12.0
5
16.7
5
15.0
5
9.8
5
27.0
5
22.2
5
11.4
5
8.8
5
13.7
5
12.5
5
7.2
5
-2.1
5
17.3
5
-0.5
5
10.3
5
8.2
5
7.8
5
-8.9
5
6.7
5
Census & Sample %
% Rooms STAR
Census Rooms
Participants
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,818
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
Tab 7 - Raw Data
Date
Apr 12
May 12
Jun 12
Occupancy
This
Year
% Chg
72.9
2.6
66.3
-4.2
68.7
-7.5
ADR
This
Year
% Chg
150.13
5.0
143.71
8.5
141.64
1.2
RevPar
This
Year
% Chg
109.46
7.7
95.34
3.9
97.27
-6.4
Supply
This Year
54,480
56,296
54,480
Demand
% Chg
0.0
0.0
0.0
This Year
39,721
37,347
37,415
% Chg
2.6
-4.2
-7.5
Revenue
This Year
5,963,355
5,367,138
5,299,333
% Chg Census Props
7.7
5
3.9
5
-6.4
5
Census & Sample %
% Rooms STAR
Census Rooms
Participants
1,816
100.0
1,816
100.0
1,816
100.0
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Tab 8 - Classic
Date
Apr 08
May 08
Jun 08
Jul 08
Aug 08
Sep 08
Oct 08
Nov 08
Dec 08
Jun YTD 2008
Total 2008
Jan 09
Feb 09
Mar 09
Apr 09
May 09
Jun 09
Jul 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jun YTD 2009
Total 2009
Jan 10
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jun YTD 2010
Total 2010
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jun YTD 2011
Total 2011
Occupancy
ADR
RevPar
Supply
This Year % Chg This Year % Chg This Year % Chg
59.6
155.34
92.65
43.8
151.42
66.32
59.0
143.63
84.78
47.9
127.50
61.08
49.2
131.62
64.76
59.9
137.53
82.37
63.7
146.31
93.17
46.5
142.88
66.44
41.1
117.36
48.23
35.9
52.0
48.6
58.5
48.4
64.5
60.7
54.2
59.2
67.3
57.3
46.9
51.2
54.4
54.9
69.3
64.6
66.0
62.1
69.5
66.0
64.5
65.1
74.7
60.8
48.0
64.3
63.7
65.9
70.6
69.7
71.1
69.2
74.2
67.4
62.4
74.6
73.3
68.0
53.1
70.1
68.2
-1.9
10.4
9.2
26.8
10.1
-1.2
5.6
23.1
14.1
53.0
33.2
32.7
12.9
28.3
7.9
8.7
19.1
9.9
11.0
6.2
2.4
25.6
17.1
20.1
1.9
8.0
7.6
11.6
6.8
2.1
-3.3
14.6
-1.8
11.9
10.5
9.1
7.1
140.34
147.64
141.80
144.40
127.94
131.11
124.27
122.24
131.81
132.90
129.81
112.72
138.56
131.98
128.15
140.64
136.18
141.28
129.88
132.75
124.45
125.94
134.36
139.69
140.58
120.86
134.96
133.22
135.60
168.90
140.68
142.97
132.49
140.01
130.81
127.62
137.68
141.73
138.74
118.41
143.14
138.29
-7.0
-15.5
-8.7
-2.5
-7.1
-4.2
-9.2
-9.2
-4.0
-8.7
-4.7
-4.0
-2.2
1.5
1.3
0.1
3.0
1.9
5.1
8.3
7.2
-2.6
0.9
5.8
20.1
3.3
1.2
2.0
5.5
5.1
1.3
2.5
1.5
-1.3
-2.0
6.1
3.8
50.32
76.77
68.96
84.47
61.87
84.51
75.47
66.19
78.03
89.40
74.33
52.86
70.91
71.80
70.32
97.44
87.91
93.30
80.60
92.29
82.16
81.23
87.41
104.33
85.48
58.06
86.74
84.89
89.38
119.23
98.08
101.61
91.73
103.94
88.15
79.63
102.67
103.92
94.41
62.86
100.33
94.36
-8.8
-6.7
-0.3
23.6
2.2
-5.3
-4.1
11.9
9.6
39.7
26.9
27.5
10.5
30.3
9.2
8.9
22.7
12.0
16.7
15.0
9.8
22.3
18.2
27.1
22.4
11.6
8.9
13.8
12.6
7.3
-2.0
17.5
-0.4
10.4
8.3
15.7
11.2
This Year
36,120
37,324
36,120
37,324
37,324
36,120
37,324
36,120
37,324
56,358
50,904
56,358
54,540
56,358
54,540
56,358
56,358
54,540
56,358
54,540
56,358
329,058
663,570
56,358
50,904
56,358
54,540
56,358
54,540
56,358
56,358
54,540
56,358
54,540
56,358
329,058
663,570
56,296
50,848
56,296
54,480
56,296
54,480
56,296
56,296
54,480
56,296
54,480
56,296
328,696
662,840
Demand
% Chg
51.0
51.0
51.0
51.0
51.0
51.0
51.0
51.0
51.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
This Year
21,543
16,346
21,320
17,880
18,364
21,633
23,769
16,796
15,340
20,207
26,468
27,409
31,902
27,255
35,156
34,227
30,518
32,285
37,910
31,231
26,429
168,397
360,997
30,924
35,268
36,382
36,019
34,974
37,916
37,210
36,350
35,484
42,091
33,163
27,074
211,483
422,855
37,106
35,894
39,248
38,719
38,976
40,444
37,939
35,127
40,626
41,277
37,070
29,888
230,387
452,314
Revenue
% Chg
48.1
66.7
64.9
91.4
66.2
49.2
59.5
85.9
72.3
53.0
33.2
32.7
12.9
28.3
7.9
8.7
19.1
9.9
11.0
6.2
2.4
25.6
17.1
20.0
1.8
7.9
7.5
11.4
6.7
2.0
-3.4
14.5
-1.9
11.8
10.4
8.9
7.0
Census & Sample %
% Rooms STAR
Census Rooms
Participants
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
1,204
100.0
This Year
3,346,471
2,475,164
3,062,279
2,279,747
2,417,144
2,975,273
3,477,527
2,399,851
1,800,290
% Chg Census Props
4
4
4
4
4
4
4
4
4
2,835,843
3,907,785
3,886,552
4,606,737
3,487,062
4,609,250
4,253,248
3,730,512
4,255,559
5,038,209
4,053,999
2,979,105
23,333,229
47,643,861
3,962,932
4,959,994
4,954,521
5,088,714
4,542,565
5,033,320
4,630,649
4,577,738
4,767,553
5,879,806
4,662,140
3,272,064
28,542,046
56,331,996
5,031,601
6,062,432
5,521,478
5,535,485
5,163,794
5,662,446
4,962,619
4,482,734
5,593,341
5,850,224
5,143,200
3,538,890
32,977,236
62,548,244
5
5
5
5
5
5
5
5
5
5
5
5
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
5
5
5
5
5
5
5
5
5
5
5
5
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
5
5
5
5
5
5
5
5
5
5
5
5
1,816
1,816
1,816
1,816
1,816
1,816
1,816
1,816
1,816
1,816
1,816
1,816
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
37.7
40.9
50.5
86.6
54.3
43.0
44.9
68.9
65.5
39.7
26.9
27.5
10.5
30.3
9.2
8.9
22.7
12.0
16.7
15.0
9.8
22.3
18.2
27.0
22.2
11.4
8.8
13.7
12.5
7.2
-2.1
17.3
-0.5
10.3
8.2
15.5
11.0
Tab 8 - Classic
Date
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jun YTD 2012
Occupancy
ADR
RevPar
70.3
6.6
137.19
1.2
96.39
7.8
75.3
6.7
144.15
-14.7
108.59
-8.9
73.0
4.7
143.45
2.0
104.69
6.7
72.9
2.6
150.13
5.0
109.46
7.7
66.3
-4.2
143.71
8.5
95.34
3.9
68.7
-7.5
141.64
1.2
97.27
-6.4
71.0
1.3
143.39
0.2
101.83
1.5
Supply
This Year
56,296
50,848
56,296
54,480
56,296
54,480
328,696
Demand
% Chg
0.0
0.0
0.0
0.0
0.0
0.0
0.0
This Year
39,553
38,305
41,083
39,721
37,347
37,415
233,424
Revenue
% Chg
6.6
6.7
4.7
2.6
-4.2
-7.5
1.3
This Year
5,426,128
5,521,807
5,893,359
5,963,355
5,367,138
5,299,333
33,471,120
% Chg Census Props
7.8
5
-8.9
5
6.7
5
7.7
5
3.9
5
-6.4
5
1.5
Census & Sample %
% Rooms STAR
Census Rooms
Participants
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
1,816
100.0
Smith Travel Research’s Trend Report is a publication of Smith Travel Research and is intended solely for use by paid subscribers. Reproduction or distribution of the Trend Report, in whole or part, without written
permission of Smith Travel Research is prohibited and subject to legal action. Site licenses are available. Ownership, distribution and use of the Trend Report and its contents are subject to the terms set forth in the
contract you have entered into with Smith Travel Research. Source 2012 Smith Travel Research, Inc.
Tab 9 - Response Report
2010
STR
Code
57027
9907
53592
41564
28156
Name of Establishment
Hilton DFW Lakes Executive Conf Ctr
City & State
Rockwall, TX
Grapevine, TX
Fort Worth, TX
Fort Worth, TX
Westlake, TX
Zip Code Aff Date Open Date Rooms
75032
Apr 2008 Apr 2008
231
76051
Jul 1983
Jul 1983
393
76102
Jan 2009 Jan 2009
614
76177
Feb 2008 Sep 2001
284
76262
Jun 1990 Jun 1990
294
Total Properties:
5
1816
Chg in
Rms
Y
Y
2011
2012
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ
ż - Monthly data received by STR
Ɣ - Monthly and daily data received by STR
Blank - No data received by STR
Y - (Chg in Rms) Property has experienced a room addition or drop during the time period of the report
Smith Travel Research’s Trend Report is a publication of Smith Travel Research and is intended solely for use by paid subscribers. Reproduction or distribution of the Trend Report, in whole or part, without written permission of Smith Travel Research is prohibited and subject to
legal action. Site licenses are available. Ownership, distribution and use of the Trend Report and its contents are subject to the terms set forth in the contract you have entered into with Smith Travel Research. Source 2012 Smith Travel Research, Inc.
Tab 10 - Help
Methodology
While virtually every chain in the United States provides STR with data on almost all of their properties, there are still some hotels that don't submit data. But we've got you covered.
Every year we examine guidebook listings and hotel directories for information on hotels that don't provide us with data. We don't stop there. We call each hotel in our database every year to
obtain "published" rates for multiple categories. Based on this information we group all hotels - those that report data and those that don't - into groupings based off of price level and geographic
proximity. We then estimate the non-respondents based off of nearby hotels with similar price levels.
Similarly, we sometimes obtain monthly data from a property, but not daily data. We use a similar process. We take the monthly data that the property has provided, and distribute it to the
individual days based on the revenue and demand distribution patterns of similar hotels in the same location.
We believe it imperative to perform this analysis in order to provide interested parties with our best estimate of total lodging demand and room revenue on their areas of interest. Armed with this
information a more informed decision can be made.
Glossary
ADR (Average Daily Rate)
Room revenue divided by rooms sold, displayed as the average rental rate for a
single room.
Affiliation Date
Date the property affiliated with current chain/flag
Census (Properties and Rooms)
The number of properties and rooms that exist within the selected property set
or segment.
Change in Rooms
Indicator of whether or not an individual hotel has added or removed rooms from
their inventory.
Exchange Rate
The factor used to convert revenue from U.S. Dollars to the local currency.
The exchange rate data is obtained from Oanda.com. Any aggregated number
in the report (YTD, Running 3 month, Running 12 month) uses the exchange
rate of each relative month when calculating the data.
Open Date
Date the property opened as a lodging establishment.
Percent Change
Amount of growth, up, flat, or down from the same period last year (month, ytd, three
months, twelve months). Calculated as ((TY-LY)/LY) * "100".
Revenue (Room Revenue)
Total room revenue generated from the sale or rental of rooms.
RevPAR (Revenue Per Available Room)
Room revenue divided by rooms available
Sample % (Rooms)
The % of rooms from which STR receives data. Calculated as (Sample
Rooms/Census Rooms) * "100".
Standard Historical Trend
Data on selected properties or segments starting in 2005.
STR Code
Extended Historical Trend
Smith Travel Research's proprietary numbering system. Each hotel in the lodging
census has a unique STR code.
Demand (Rooms Sold)
The number of rooms sold (excludes complimentary rooms).
Supply (Rooms Available)
The number of rooms times the number of days in the period.
Full Historical Trend
The value of any given month is computed by taking the value of that month and the
values of the eleven preceding months, adding them together and dividing by twelve.
Occupancy
Rooms sold divided by rooms available. Occupancy is always displayed as a
percentage of rooms occupied.
Year to Date
Tab 11 - Terms and Conditions
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Montgomery, TX Area Selected Properties
January 2006 to June 2012
Job Number: 438753_SADIM
Currency: USD - US Dollar
Tab
Table of Contents
1
Data by Measure
2
Percent Change by Measure
3
Percent Change by Year
4
5
Day of Week Analysis
6
Monthly Segmentation Data
7
Monthly Segmentation Raw Data
8
Raw Data
9
Classic
10
Response Report
11
Segmentation Response
12
Help
13
Terms and Conditions
14
Staff: KD
Tab 2 - Data by Measure
Job Number: 438753_SADIM Staff: KD Created: August 16, 2012
Occupancy (%)
2006
2007
2008
2009
2010
2011
2012
Avg
January
30.2
45.6
45.8
31.8
26.1
32.3
32.3
34.3
February
40.1
49.3
45.6
37.0
37.8
39.3
42.4
41.3
March
49.2
59.9
63.6
44.4
46.2
54.3
57.6
53.2
April
49.2
60.6
66.8
43.9
54.4
56.7
60.6
55.7
May
46.9
68.1
63.9
50.7
56.5
52.8
56.5
56.2
June
57.9
66.9
74.5
56.1
56.1
67.0
70.2
63.6
July
53.1
64.3
74.9
58.7
65.7
69.7
January
124.98
159.07
165.18
166.83
140.49
139.04
153.32
151.74
February
130.68
181.12
179.93
175.61
157.52
151.10
156.33
162.59
March
149.23
204.80
207.05
193.73
183.24
203.40
203.40
194.55
April
154.82
192.02
205.07
192.14
190.36
186.28
196.65
189.95
May
164.95
212.85
217.46
199.15
206.89
204.39
202.74
203.20
June
163.35
215.94
217.61
198.81
207.23
201.41
216.10
203.15
July
186.54
210.64
219.89
207.75
212.68
222.93
August
172.62
208.93
213.46
195.59
191.43
198.70
210.95
196.95
January
37.76
72.54
75.73
53.09
36.60
44.85
49.60
51.97
February
52.42
89.36
82.08
65.06
59.59
59.39
66.32
67.14
March
73.40
122.73
131.73
85.92
84.60
110.38
117.25
103.43
April
76.13
116.29
136.99
84.33
103.52
105.59
119.11
105.85
May
77.39
144.96
138.99
100.95
116.93
107.98
114.59
114.21
June
94.55
144.54
162.06
111.47
116.23
134.97
151.60
129.18
July
99.06
135.51
164.63
121.99
139.82
155.30
August
83.45
130.60
152.17
107.62
110.21
108.36
135.00
113.15
January
35,154
40,238
38,874
52,669
52,669
52,669
52,669
46,420
February
31,752
36,344
35,112
47,572
47,572
47,572
47,572
41,928
March
35,154
40,238
38,874
52,669
52,669
52,669
52,669
46,420
April
34,020
37,620
37,620
50,970
50,970
50,970
50,970
44,734
May
35,154
38,874
38,874
52,669
52,669
52,669
52,669
46,225
June
48,750
37,620
37,620
50,970
50,970
50,970
50,970
46,839
July
50,375
38,874
38,874
52,669
52,669
52,669
August
50,375
38,874
38,874
52,669
52,669
52,669
47,688
47,688
January
10,620
18,350
17,823
16,760
13,722
16,990
17,037
15,900
February
12,738
17,931
16,018
17,625
17,995
18,700
20,181
17,313
March
17,291
24,113
24,733
23,359
24,316
28,582
30,362
24,679
April
16,729
22,784
25,130
22,370
27,718
28,892
30,871
24,928
May
16,494
26,474
24,845
26,698
29,767
27,826
29,768
25,982
June
28,217
25,180
28,017
28,579
28,587
34,156
35,756
29,785
July
26,751
25,009
29,106
30,928
34,624
36,691
August
24,352
24,300
27,711
28,979
30,323
28,722
30,518
27,398
January
1,327,254
2,918,937
2,944,080
2,796,024
1,927,836
2,362,361
February
1,664,553
3,247,617
2,882,140
3,095,077
2,834,609
2,825,497
March
2,580,409
4,938,454
5,121,016
4,525,241
4,455,630
5,813,627
April
2,590,029
4,374,935
5,153,482
4,298,089
5,276,280
5,382,000
May
2,720,722
5,635,084
5,402,913
5,317,021
6,158,419
5,687,226
June
4,609,147
5,437,474
6,096,798
5,681,847
5,924,083
6,879,207
July
4,990,195
5,267,864
6,400,013
6,425,320
7,363,921
8,179,397
64.0
August
48.3
62.5
71.3
55.0
57.6
54.5
57.5
September
64.1
57.3
63.6
42.2
53.6
53.6
55.2
October
64.8
65.4
67.4
48.5
52.0
55.3
58.1
November
57.0
51.0
44.5
38.7
43.5
46.7
46.6
December
37.0
38.2
28.9
26.2
34.1
30.4
32.2
Total Year
50.8
57.4
58.0
44.5
48.7
51.1
51.3
Jun YTD
46.4
58.4
60.2
44.0
46.2
50.5
53.3
50.8
ADR ($)
2006
2007
2008
2009
2010
2011
2012
Avg
September
170.21
204.84
188.20
191.18
185.79
181.40
185.64
October
164.18
190.65
184.34
180.25
173.64
170.94
176.61
November
153.14
180.43
176.95
159.48
151.66
156.24
162.22
December
137.65
151.28
153.81
129.73
120.33
142.73
138.78
Total Year
160.09
195.61
197.59
186.53
182.52
185.52
184.78
Jun YTD
151.75
196.93
202.10
189.92
187.02
186.60
193.78
188.29
RevPAR ($)
2006
2007
2008
2009
2010
2011
2012
Avg
September
109.19
117.32
119.72
80.66
99.63
97.19
102.51
October
106.43
124.75
124.29
87.37
90.34
94.55
102.69
November
87.29
91.93
78.71
61.67
65.90
72.90
75.60
December
50.89
57.79
44.40
33.99
41.04
43.43
44.64
Total Year
81.29
112.34
114.68
82.97
88.86
94.78
94.71
Jun YTD
70.42
114.98
121.60
83.62
86.42
94.14
103.33
95.74
Supply
2006
2007
2008
2009
2010
2011
2012
Avg
September
48,750
37,620
37,620
50,970
50,970
50,970
46,150
October
50,375
38,874
38,874
52,669
52,669
52,669
47,688
November
48,750
37,620
50,970
50,970
50,970
50,970
48,375
December
50,375
38,874
52,669
52,669
52,669
52,669
49,988
Total Year
518,984
461,670
484,855
620,135
620,135
620,135
554,319
Jun YTD
219,984
230,934
226,974
307,519
307,519
307,519
307,519
272,567
Demand
2006
2007
2008
2009
2010
2011
2012
Avg
September
31,273
21,546
23,932
21,505
27,333
27,309
25,483
October
32,655
25,436
26,210
25,529
27,401
29,133
27,727
November
27,786
19,168
22,672
19,710
22,148
23,784
22,545
December
18,624
14,851
15,204
13,798
17,964
16,027
16,078
Total Year
263,530
265,142
281,401
275,840
301,898
316,812
284,104
Jun YTD
102,089
134,832
136,566
135,391
142,105
155,146
163,975
138,586
Revenue ($)
2006
2007
2008
2009
2010
2011
August
4,203,645
5,077,079
5,915,288
5,668,069
5,804,865
5,707,105
September
5,323,050
4,413,435
4,503,893
4,111,254
5,078,315
4,953,853
October
5,361,245
4,849,394
4,831,597
4,601,675
4,757,937
4,979,943
November
4,255,198
3,458,513
4,011,894
3,143,258
3,359,024
3,715,914
December
2,563,678
2,246,720
2,338,489
1,790,077
2,161,659
2,287,475
Total Year
42,189,125
51,865,506
55,601,603
51,452,952
55,102,578
58,773,605
Jun YTD
15,492,114
26,552,501
27,600,429
25,713,299
26,576,857
28,949,918
2012
Avg
2,612,123
2,412,659
3,154,880
2,814,910
6,175,551
4,801,418
6,070,794
4,735,087
6,035,174
5,279,508
7,726,909
6,050,781
6,437,785
5,396,009
4,730,633
4,896,965
3,657,300
2,231,350
52,497,562
31,775,431
26,094,364
Tab 3 - Percent Change from Previous Year - Detail by Measure
Occupancy
2007
2008
2009
2010
2011
2012
Avg
January
51.0
0.5
-30.6
-18.1
23.8
0.3
4.5
February
23.0
-7.5
-18.8
2.1
3.9
7.9
1.8
March
21.8
6.2
-30.3
4.1
17.5
6.2
4.3
April
23.2
10.3
-34.3
23.9
4.2
6.8
5.7
May
45.1
-6.2
-20.7
11.5
-6.5
7.0
5.0
June
15.6
11.3
-24.7
0.0
19.5
4.7
4.4
July
21.1
16.4
-21.6
12.0
6.0
January
27.3
3.8
1.0
-15.8
-1.0
10.3
4.3
February
38.6
-0.7
-2.4
-10.3
-4.1
3.5
4.1
March
37.2
1.1
-6.4
-5.4
11.0
-0.0
6.2
April
24.0
6.8
-6.3
-0.9
-2.1
5.6
4.5
May
29.0
2.2
-8.4
3.9
-1.2
-0.8
4.1
June
32.2
0.8
-8.6
4.2
-2.8
7.3
5.5
July
12.9
4.4
-5.5
2.4
4.8
January
92.1
4.4
-29.9
-31.1
22.5
10.6
11.4
February
70.5
-8.1
-20.7
-8.4
-0.3
11.7
7.4
March
67.2
7.3
-34.8
-1.5
30.5
6.2
12.5
April
52.8
17.8
-38.4
22.8
2.0
12.8
11.6
May
87.3
-4.1
-27.4
15.8
-7.7
6.1
11.7
June
52.9
12.1
-31.2
4.3
16.1
12.3
11.1
July
36.8
21.5
-25.9
14.6
11.1
January
14.5
-3.4
35.5
0.0
0.0
0.0
7.8
February
14.5
-3.4
35.5
0.0
0.0
0.0
7.8
March
14.5
-3.4
35.5
0.0
0.0
0.0
7.8
April
10.6
0.0
35.5
0.0
0.0
0.0
7.7
May
10.6
0.0
35.5
0.0
0.0
0.0
7.7
June
-22.8
0.0
35.5
0.0
0.0
0.0
2.1
July
-22.8
0.0
35.5
0.0
0.0
January
72.8
-2.9
-6.0
-18.1
23.8
0.3
11.7
February
40.8
-10.7
10.0
2.1
3.9
7.9
9.0
March
39.5
2.6
-5.6
4.1
17.5
6.2
10.7
April
36.2
10.3
-11.0
23.9
4.2
6.8
11.8
May
60.5
-6.2
7.5
11.5
-6.5
7.0
12.3
June
-10.8
11.3
2.0
0.0
19.5
4.7
4.5
July
-6.5
16.4
6.3
12.0
6.0
January
119.9
0.9
-5.0
-31.1
22.5
10.6
19.6
February
95.1
-11.3
7.4
-8.4
-0.3
11.7
15.7
March
91.4
3.7
-11.6
-1.5
30.5
6.2
19.8
April
68.9
17.8
-16.6
22.8
2.0
12.8
17.9
May
107.1
-4.1
-1.6
15.8
-7.7
6.1
19.3
June
18.0
12.1
-6.8
4.3
16.1
12.3
9.3
July
5.6
21.5
0.4
14.6
11.1
6.8
August
29.3
14.0
-22.8
4.6
-5.3
4.0
September
-10.7
11.1
-33.7
27.1
-0.1
-1.3
October
0.9
3.0
-28.1
7.3
6.3
-2.1
November
-10.6
-12.7
-13.1
12.4
7.4
-3.3
December
3.3
-24.4
-9.2
30.2
-10.8
-2.2
Total Year
13.1
1.1
-23.4
9.4
4.9
1.0
Jun YTD
25.8
3.1
-26.8
5.0
9.2
5.7
3.6
ADR
2007
2008
2009
2010
2011
2012
Avg
3.8
August
21.0
2.2
-8.4
-2.1
3.8
3.3
September
20.3
-8.1
1.6
-2.8
-2.4
1.7
October
16.1
-3.3
-2.2
-3.7
-1.6
1.1
November
17.8
-1.9
-9.9
-4.9
3.0
0.8
December
9.9
1.7
-15.7
-7.2
18.6
1.5
Total Year
22.2
1.0
-5.6
-2.2
1.6
3.4
Jun YTD
29.8
2.6
-6.0
-1.5
-0.2
3.9
4.7
RevPAR
2007
2008
2009
2010
2011
2012
Avg
11.6
August
56.5
16.5
-29.3
2.4
-1.7
8.9
September
7.4
2.0
-32.6
23.5
-2.5
-0.4
October
17.2
-0.4
-29.7
3.4
4.7
-1.0
November
5.3
-14.4
-21.7
6.9
10.6
-2.6
December
13.6
-23.2
-23.5
20.8
5.8
-1.3
Total Year
38.2
2.1
-27.6
7.1
6.7
5.3
Jun YTD
63.3
5.8
-31.2
3.4
8.9
9.8
10.0
Supply
2007
2008
2009
2010
2011
2012
Avg
2.5
August
-22.8
0.0
35.5
0.0
0.0
2.5
September
-22.8
0.0
35.5
0.0
0.0
2.5
October
-22.8
0.0
35.5
0.0
0.0
2.5
November
-22.8
35.5
0.0
0.0
0.0
2.5
December
-22.8
35.5
0.0
0.0
0.0
2.5
Total Year
-11.0
5.0
27.9
0.0
0.0
4.4
Jun YTD
5.0
-1.7
35.5
0.0
0.0
0.0
6.5
Demand
2007
2008
2009
2010
2011
2012
Avg
6.8
August
-0.2
14.0
4.6
4.6
-5.3
3.6
September
-31.1
11.1
-10.1
27.1
-0.1
-0.6
October
-22.1
3.0
-2.6
7.3
6.3
-1.6
November
-31.0
18.3
-13.1
12.4
7.4
-1.2
December
-20.3
2.4
-9.2
30.2
-10.8
-1.5
Total Year
0.6
6.1
-2.0
9.4
4.9
3.8
Jun YTD
32.1
1.3
-0.9
5.0
9.2
5.7
8.7
Revenue
2007
2008
2009
2010
2011
2012
Avg
10.6
August
20.8
16.5
-4.2
2.4
-1.7
6.8
September
-17.1
2.0
-8.7
23.5
-2.5
-0.5
October
-9.5
-0.4
-4.8
3.4
4.7
-1.3
November
-18.7
16.0
-21.7
6.9
10.6
-1.4
December
-12.4
4.1
-23.5
20.8
5.8
-1.0
Total Year
22.9
7.2
-7.5
7.1
6.7
7.3
Jun YTD
71.4
3.9
-6.8
3.4
8.9
9.8
15.1
Tab 4 - Percent Change from Previous Year - Detail by Year
Occ
ADR
RevPAR
Supply
Demand
Revenue
Occ
ADR
RevPAR
Supply
Demand
Revenue
Occ
ADR
RevPAR
Supply
Demand
Revenue
Occ
ADR
RevPAR
Supply
Demand
Revenue
Jan 07
Feb 07
Mar 07
51.0
27.3
92.1
14.5
72.8
119.9
23.0
38.6
70.5
14.5
40.8
95.1
21.8
37.2
67.2
14.5
39.5
91.4
Jan 08
Feb 08
Mar 08
0.5
3.8
4.4
-3.4
-2.9
0.9
Occ
ADR
RevPAR
Supply
Demand
Revenue
6.2
1.1
7.3
-3.4
2.6
3.7
Jan 09
Feb 09
Mar 09
-30.6
1.0
-29.9
35.5
-6.0
-5.0
-18.8
-2.4
-20.7
35.5
10.0
7.4
-30.3
-6.4
-34.8
35.5
-5.6
-11.6
Jan 10
Feb 10
Mar 10
-18.1
-15.8
-31.1
0.0
-18.1
-31.1
Jan 11
Occ
ADR
RevPAR
Supply
Demand
Revenue
-7.5
-0.7
-8.1
-3.4
-10.7
-11.3
23.8
-1.0
22.5
0.0
23.8
22.5
2.1
-10.3
-8.4
0.0
2.1
-8.4
Feb 11
3.9
-4.1
-0.3
0.0
3.9
-0.3
Jan 12
Feb 12
0.3
10.3
10.6
0.0
0.3
10.6
7.9
3.5
11.7
0.0
7.9
11.7
4.1
-5.4
-1.5
0.0
4.1
-1.5
Mar 11
17.5
11.0
30.5
0.0
17.5
30.5
Mar 12
6.2
-0.0
6.2
0.0
6.2
6.2
Apr 07
23.2
24.0
52.8
10.6
36.2
68.9
Apr 08
10.3
6.8
17.8
0.0
10.3
17.8
Apr 09
-34.3
-6.3
-38.4
35.5
-11.0
-16.6
Apr 10
23.9
-0.9
22.8
0.0
23.9
22.8
Apr 11
4.2
-2.1
2.0
0.0
4.2
2.0
Apr 12
6.8
5.6
12.8
0.0
6.8
12.8
May 07
45.1
29.0
87.3
10.6
60.5
107.1
May 08
-6.2
2.2
-4.1
0.0
-6.2
-4.1
May 09
-20.7
-8.4
-27.4
35.5
7.5
-1.6
May 10
11.5
3.9
15.8
0.0
11.5
15.8
May 11
-6.5
-1.2
-7.7
0.0
-6.5
-7.7
May 12
7.0
-0.8
6.1
0.0
7.0
6.1
Jun 07
15.6
32.2
52.9
-22.8
-10.8
18.0
Jun 08
11.3
0.8
12.1
0.0
11.3
12.1
Jun 09
-24.7
-8.6
-31.2
35.5
2.0
-6.8
Jun 10
0.0
4.2
4.3
0.0
0.0
4.3
Jun 11
19.5
-2.8
16.1
0.0
19.5
16.1
Jun 12
4.7
7.3
12.3
0.0
4.7
12.3
Jul 07
21.1
12.9
36.8
-22.8
-6.5
5.6
Jul 08
16.4
4.4
21.5
0.0
16.4
21.5
Jul 09
-21.6
-5.5
-25.9
35.5
6.3
0.4
Jul 10
12.0
2.4
14.6
0.0
12.0
14.6
Jul 11
6.0
4.8
11.1
0.0
6.0
11.1
Jul 12
Aug 07
29.3
21.0
56.5
-22.8
-0.2
20.8
Aug 08
14.0
2.2
16.5
0.0
14.0
16.5
Aug 09
-22.8
-8.4
-29.3
35.5
4.6
-4.2
Aug 10
4.6
-2.1
2.4
0.0
4.6
2.4
Aug 11
-5.3
3.8
-1.7
0.0
-5.3
-1.7
Aug 12
Sep 07
-10.7
20.3
7.4
-22.8
-31.1
-17.1
Sep 08
11.1
-8.1
2.0
0.0
11.1
2.0
Sep 09
-33.7
1.6
-32.6
35.5
-10.1
-8.7
Sep 10
27.1
-2.8
23.5
0.0
27.1
23.5
Sep 11
-0.1
-2.4
-2.5
0.0
-0.1
-2.5
Sep 12
Oct 07
0.9
16.1
17.2
-22.8
-22.1
-9.5
Oct 08
3.0
-3.3
-0.4
0.0
3.0
-0.4
Oct 09
-28.1
-2.2
-29.7
35.5
-2.6
-4.8
Oct 10
7.3
-3.7
3.4
0.0
7.3
3.4
Oct 11
6.3
-1.6
4.7
0.0
6.3
4.7
Oct 12
Nov 07
-10.6
17.8
5.3
-22.8
-31.0
-18.7
Nov 08
-12.7
-1.9
-14.4
35.5
18.3
16.0
Nov 09
-13.1
-9.9
-21.7
0.0
-13.1
-21.7
Nov 10
12.4
-4.9
6.9
0.0
12.4
6.9
Nov 11
7.4
3.0
10.6
0.0
7.4
10.6
Nov 12
Dec 07
3.3
9.9
13.6
-22.8
-20.3
-12.4
Dec 08
-24.4
1.7
-23.2
35.5
2.4
4.1
Dec 09
-9.2
-15.7
-23.5
0.0
-9.2
-23.5
Dec 10
30.2
-7.2
20.8
0.0
30.2
20.8
Dec 11
-10.8
18.6
5.8
0.0
-10.8
5.8
Dec 12
Total Year
13.1
22.2
38.2
-11.0
0.6
22.9
Total Year
1.1
1.0
2.1
5.0
6.1
7.2
Total Year
-23.4
-5.6
-27.6
27.9
-2.0
-7.5
Total Year
9.4
-2.2
7.1
0.0
9.4
7.1
Total Year
4.9
1.6
6.7
0.0
4.9
6.7
Total Year
Jun YTD
25.8
29.8
63.3
5.0
32.1
71.4
Jun YTD
3.1
2.6
5.8
-1.7
1.3
3.9
Jun YTD
-26.8
-6.0
-31.2
35.5
-0.9
-6.8
Jun YTD
5.0
-1.5
3.4
0.0
5.0
3.4
Jun YTD
9.2
-0.2
8.9
0.0
9.2
8.9
Jun YTD
5.7
3.9
9.8
0.0
5.7
9.8
Tab 5 - Twelve Month Moving Average
Occupancy (%)
2007
2008
2009
2010
2011
2012
January
51.8
57.5
56.2
44.0
49.2
51.1
February
52.3
57.2
55.2
44.1
49.3
51.3
March
53.1
57.5
53.5
44.2
50.0
51.6
April
53.8
58.0
51.6
45.1
50.2
51.9
May
55.3
57.7
50.7
45.6
49.9
52.3
June
55.9
58.3
49.6
45.6
50.8
52.5
July
56.8
59.2
48.7
46.2
51.1
August
58.1
59.9
47.8
46.4
50.9
September
57.4
60.5
46.3
47.3
50.9
October
57.3
60.6
45.2
47.6
51.1
November
56.8
59.7
44.7
48.0
51.4
December
57.4
58.0
44.5
48.7
51.1
2007
2008
2009
2010
2011
2012
January
161.40
196.10
197.81
185.43
181.99
186.28
February
164.09
196.14
197.44
184.22
181.54
186.44
March
168.46
196.37
196.28
183.32
183.42
186.54
April
171.11
197.56
195.15
183.32
183.07
187.53
May
175.14
197.90
193.55
184.30
182.70
187.48
June
179.73
198.27
191.68
185.16
182.50
189.16
July
181.74
199.45
190.53
186.04
183.88
August
184.74
200.03
188.81
185.65
184.50
September
187.85
198.63
189.04
185.26
184.12
October
190.89
198.01
188.68
184.61
183.82
November
194.05
197.51
187.56
183.83
183.99
December
195.61
197.59
186.53
182.52
185.52
2007
2008
2009
2010
2011
2012
January
83.54
112.73
111.21
81.57
89.56
95.18
February
85.81
112.24
108.91
81.15
89.54
95.71
March
89.41
112.97
104.92
81.04
91.73
96.29
April
92.13
114.67
100.72
82.62
91.90
97.40
May
96.89
114.16
98.05
83.97
91.14
97.96
June
100.48
115.60
95.00
84.36
92.68
99.33
July
103.25
118.08
92.78
85.88
94.00
August
107.31
119.91
90.21
86.10
93.84
September
107.89
120.11
87.57
87.66
93.64
October
109.39
120.07
85.26
87.91
94.00
November
110.28
117.84
83.85
88.26
94.57
December
112.34
114.68
82.97
88.86
94.78
2007
2008
2009
2010
2011
2012
January
524,068
460,306
498,650
620,135
620,135
620,135
February
528,660
459,074
511,110
620,135
620,135
620,135
March
533,744
457,710
524,905
620,135
620,135
620,135
April
537,344
457,710
538,255
620,135
620,135
620,135
May
541,064
457,710
552,050
620,135
620,135
620,135
June
529,934
457,710
565,400
620,135
620,135
620,135
July
518,433
457,710
579,195
620,135
620,135
August
506,932
457,710
592,990
620,135
620,135
September
495,802
457,710
606,340
620,135
620,135
October
484,301
457,710
620,135
620,135
620,135
November
473,171
471,060
620,135
620,135
620,135
December
461,670
484,855
620,135
620,135
620,135
January
271,260
264,615
280,338
272,802
305,166
316,859
February
276,453
262,702
281,945
273,172
305,871
318,340
March
283,275
263,322
280,571
274,129
310,137
320,120
April
289,330
265,668
277,811
279,477
311,311
322,099
May
299,310
264,039
279,664
282,546
309,370
324,041
June
296,273
266,876
280,226
282,554
314,939
325,641
July
294,531
270,973
282,048
286,250
317,006
August
294,479
274,384
283,316
287,594
315,405
September
284,752
276,770
280,889
293,422
315,381
October
277,533
277,544
280,208
295,294
317,113
November
268,915
281,048
277,246
297,732
318,749
December
265,142
281,401
275,840
301,898
316,812
January
43,780,808
51,890,649
55,453,547
50,584,764
55,537,103
59,023,367
February
45,363,872
51,525,172
55,666,484
50,324,296
55,527,991
59,352,750
March
47,721,917
51,707,734
55,070,709
50,254,685
56,885,988
59,714,674
April
49,506,823
52,486,281
54,215,316
51,232,876
56,991,708
60,403,468
May
52,421,185
52,254,110
54,129,424
52,074,274
56,520,515
60,751,416
June
53,249,512
52,913,434
53,714,473
52,316,510
57,475,639
61,599,118
July
53,527,181
54,045,583
53,739,780
53,255,111
58,291,115
August
54,400,615
54,883,792
53,492,561
53,391,907
58,193,355
September
53,491,000
54,974,250
53,099,922
54,358,968
58,068,893
October
52,979,149
54,956,453
52,870,000
54,515,230
58,290,899
November
52,182,464
55,509,834
52,001,364
54,730,996
58,647,789
December
51,865,506
55,601,603
51,452,952
55,102,578
58,773,605
ADR ($)
RevPAR ($)
Supply
Demand
2007
2008
2009
2010
2011
2012
Revenue ($)
2007
2008
2009
2010
2011
2012
High value is boxed.
Low value is boxed and italicized.
Tab 6 - Day of Week Analysis
Occupancy (%)
Jul - 11
Aug - 11
Sep - 11
Oct - 11
Nov - 11
Dec - 11
Jan - 12
Feb - 12
Mar - 12
Apr - 12
May - 12
Jun - 12
Total Year
Three Year Occupancy (%)
Sun
63.6
43.1
39.5
36.1
32.5
16.2
26.9
26.7
44.7
42.0
60.3
51.2
40.4
Mon
66.5
47.8
39.3
39.1
36.7
17.2
27.7
40.2
56.9
48.7
43.0
60.9
43.5
Tue
65.8
44.7
52.2
55.1
38.6
23.8
33.6
44.8
57.7
57.1
49.3
65.1
48.4
Wed
59.3
44.7
56.9
58.4
44.5
24.1
33.1
45.3
57.6
59.4
42.8
64.2
48.8
Thu
65.8
54.3
45.7
54.2
47.4
30.2
29.9
40.8
52.6
62.5
50.5
68.8
49.8
Fri
78.2
70.4
62.3
69.7
60.4
42.8
34.4
46.9
63.3
78.7
69.9
84.3
63.7
Sat
84.2
83.4
79.0
77.9
69.1
50.7
43.0
51.5
68.0
83.2
86.6
88.5
72.3
Total Month
69.7
54.5
53.6
55.3
46.7
30.4
32.3
42.4
57.6
60.6
56.5
70.2
52.5
Sun
216.86
173.89
206.28
161.16
132.63
116.10
153.85
132.14
194.52
174.24
207.74
190.05
181.33
Mon
190.35
176.44
154.98
161.60
148.27
126.57
158.28
145.64
193.83
183.24
166.79
188.48
171.75
Tue
182.81
175.89
163.58
169.37
155.48
129.65
159.22
148.56
188.69
186.37
169.40
187.79
171.42
Wed
192.74
171.97
167.85
166.48
160.47
131.15
156.36
158.28
193.68
173.30
170.84
196.75
173.00
Thu
214.32
187.61
160.62
169.15
165.56
137.77
145.95
150.32
196.29
187.30
180.38
208.87
180.08
Fri
246.13
234.72
189.50
178.81
161.22
146.52
146.24
170.89
223.04
224.22
244.66
247.81
209.70
Sat
273.98
237.51
210.69
179.07
157.94
162.99
151.60
173.34
218.26
225.30
243.07
245.57
214.12
Total Month
222.93
198.70
181.40
170.94
156.24
142.73
153.32
156.33
203.40
196.65
202.74
216.10
189.16
Sun
137.88
74.87
81.50
58.15
43.11
18.80
41.46
35.26
86.91
73.23
125.18
97.29
73.28
Mon
126.64
84.35
60.89
63.15
54.40
21.82
43.86
58.62
110.28
89.21
71.76
114.82
74.65
Tue
120.24
78.56
85.36
93.27
59.96
30.84
53.45
66.59
108.92
106.33
83.55
122.19
82.98
Wed
114.23
76.94
95.48
97.18
71.48
31.58
51.75
71.64
111.54
102.93
73.19
126.40
84.48
Thu
141.09
101.92
73.43
91.64
78.41
41.56
43.61
61.38
103.29
117.12
91.04
143.62
89.73
Fri
192.43
165.15
118.06
124.70
97.43
62.68
50.34
80.07
141.20
176.45
170.96
208.78
133.65
Sat
230.78
198.02
166.35
139.48
109.11
82.59
65.20
89.35
148.36
187.41
210.43
217.34
154.82
Total Month
155.30
108.36
97.19
94.55
72.90
43.43
49.60
66.32
117.25
119.11
114.59
151.60
99.33
ADR
Jul - 11
Aug - 11
Sep - 11
Oct - 11
Nov - 11
Dec - 11
Jan - 12
Feb - 12
Mar - 12
Apr - 12
May - 12
Jun - 12
Total Year
Sun
33.5
37.7
40.4
37.2
Mon
35.1
42.1
43.5
40.2
Tue
38.6
46.8
48.4
44.6
Wed
43.2
47.2
48.8
46.4
Thu
47.8
47.7
49.8
48.4
Fri
57.5
63.5
63.7
61.6
Sat
63.3
70.6
72.3
68.8
Total Year
45.6
50.8
52.5
49.6
Sun
177.20
178.39
181.33
179.10
Mon
167.55
166.37
171.75
168.65
Tue
169.82
166.12
171.42
169.10
Wed
175.17
168.17
173.00
172.05
Thu
183.89
175.22
180.08
179.71
Fri
200.08
200.17
209.70
203.46
Sat
202.85
203.86
214.12
207.19
Total Year
185.16
182.50
189.16
185.66
Sun
59.36
67.22
73.28
66.61
Mon
58.86
70.05
74.65
67.85
Tue
65.53
77.71
82.98
75.40
Wed
75.76
79.41
84.48
79.85
Thu
87.83
83.54
89.73
87.01
Fri
115.02
127.08
133.65
125.30
Sat
128.36
143.95
154.82
142.44
Total Year
84.36
92.68
99.33
92.13
Three Year ADR
RevPAR
Jul - 11
Aug - 11
Sep - 11
Oct - 11
Nov - 11
Dec - 11
Jan - 12
Feb - 12
Mar - 12
Apr - 12
May - 12
Jun - 12
Total Year
Jul 09 - Jun 10
Jul 10 - Jun 11
Jul 11 - Jun 12
Total 3 Yr
Jul 09 - Jun 10
Jul 10 - Jun 11
Jul 11 - Jun 12
Total 3 Yr
Three Year RevPAR
Jul 09 - Jun 10
Jul 10 - Jun 11
Jul 11 - Jun 12
Total 3 Yr
Tab 7 - Monthly Segmentation Data
Date
Feb 09
Mar 09
Apr 09
May 09
Jun 09
Jul 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jun YTD 2009
Total 2009
Jan 10
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jun YTD 2010
Total 2010
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jun YTD 2011
Total 2011
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jun YTD 2012
Transient
10.8
26.1
15.5
23.5
28.8
40.4
31.1
15.7
13.4
17.9
17.8
19.0
20.9
8.9
11.4
29.4
16.7
23.4
26.7
39.8
34.4
19.4
16.5
18.4
17.3
19.5
22.0
8.6
12.4
28.3
21.5
23.7
28.5
40.7
35.1
22.5
16.3
18.1
19.4
20.6
23.0
9.7
12.5
31.3
22.3
27.9
35.3
23.3
Occ
Group
Contract
26.2
0.0
18.3
0.0
28.4
0.0
27.2
0.0
27.3
0.0
18.3
0.0
23.9
0.0
26.5
0.0
35.1
0.0
20.8
0.0
8.4
0.0
25.0
0.0
23.6
0.0
17.1
0.0
26.5
0.0
16.8
0.0
37.7
0.0
33.2
0.0
29.4
0.0
26.0
0.0
23.2
0.0
34.2
0.0
35.6
0.0
25.0
0.0
16.8
0.0
26.7
0.0
26.7
0.0
23.7
0.0
26.9
0.0
26.0
0.0
35.1
0.0
29.1
0.0
38.5
0.0
29.0
0.0
19.5
0.0
31.1
0.0
39.0
0.0
28.6
0.0
11.0
0.0
29.9
0.0
28.1
0.0
22.6
0.0
29.9
0.0
26.4
0.0
38.2
0.0
28.6
0.0
34.8
0.0
30.0
0.0
Total
37.0
44.4
43.9
50.7
56.1
58.7
55.0
42.2
48.5
38.7
26.2
44.0
44.5
26.1
37.8
46.2
54.4
56.5
56.1
65.7
57.6
53.6
52.0
43.5
34.1
46.2
48.7
32.3
39.3
54.3
56.7
52.8
67.0
69.7
54.5
53.6
55.3
46.7
30.4
50.5
51.1
32.3
42.4
57.6
60.6
56.5
70.2
53.3
Transient
169.42
197.25
194.97
210.66
212.31
224.72
212.96
216.33
188.84
156.85
132.26
197.30
196.95
139.83
150.70
195.05
202.62
224.16
225.21
238.62
222.50
222.21
189.39
166.28
140.25
200.60
203.81
136.55
154.92
224.72
203.25
233.45
240.19
255.09
215.68
194.71
172.21
164.51
150.34
213.47
208.33
150.49
151.90
232.19
208.83
218.65
237.55
214.52
ADR
Group
Contract
178.16
0.00
188.69
0.00
190.59
0.00
189.23
0.00
184.57
0.00
170.41
0.00
172.94
0.00
176.21
0.00
176.97
0.00
161.73
0.00
124.38
0.00
184.29
0.00
177.27
0.00
140.84
0.00
160.45
0.00
162.60
0.00
184.92
0.00
194.71
0.00
190.89
0.00
172.94
0.00
145.41
0.00
165.09
0.00
166.35
0.00
140.92
0.00
99.76
0.00
177.10
0.00
165.03
0.00
139.95
0.00
149.34
0.00
180.22
0.00
175.88
0.00
180.74
0.00
172.63
0.00
177.74
24.61
168.10
0.00
171.74
0.00
170.41
0.00
150.99
0.00
129.24
0.00
168.07
0.00
166.81
24.61
154.54
0.00
158.19
0.00
169.22
0.00
189.53
0.00
187.25
0.00
194.34
0.00
177.69
0.00
Total
175.61
193.73
192.14
199.15
198.81
207.75
195.59
191.18
180.25
159.48
129.73
189.92
186.53
140.49
157.52
183.24
190.36
206.89
207.23
212.68
191.43
185.79
173.64
151.66
120.33
187.02
182.52
139.04
151.10
203.40
186.28
204.39
201.41
222.93
198.70
181.40
170.94
156.24
142.73
186.60
185.52
153.32
156.33
203.40
196.65
202.74
216.10
193.78
Transient
18.35
51.48
30.14
49.44
61.12
90.73
66.32
34.05
25.30
28.00
23.54
37.56
41.21
12.51
17.14
57.28
33.82
52.38
60.14
94.92
76.48
43.19
31.17
30.61
24.30
39.15
44.75
11.75
19.16
63.52
43.78
55.32
68.56
103.83
75.65
43.86
28.05
29.76
29.24
43.95
47.96
14.63
19.05
72.65
46.64
60.96
83.93
49.98
RevPAR
Group
Contract
46.72
0.00
34.44
0.00
54.19
0.00
51.51
0.00
50.36
0.00
31.26
0.00
41.30
0.00
46.61
0.00
62.07
0.00
33.67
0.00
10.44
0.00
46.06
0.00
41.76
0.00
24.09
0.00
42.45
0.00
27.31
0.00
69.70
0.00
64.55
0.00
56.09
0.00
44.90
0.00
33.74
0.00
56.44
0.00
59.16
0.00
35.29
0.00
16.74
0.00
47.27
0.00
44.11
0.00
33.10
0.00
40.24
0.00
46.86
0.00
61.81
0.00
52.66
0.00
66.41
0.00
51.47
0.00
32.70
0.00
53.33
0.00
66.50
0.00
43.14
0.00
14.19
0.00
50.19
0.00
46.82
0.00
34.96
0.00
47.26
0.00
44.61
0.00
72.47
0.00
53.63
0.00
67.67
0.00
53.35
0.00
Occ
Total
65.06
85.92
84.33
100.95
111.47
121.99
107.62
80.66
87.37
61.67
33.99
83.62
82.97
36.60
59.59
84.60
103.52
116.93
116.23
139.82
110.21
99.63
90.34
65.90
41.04
86.42
88.86
44.85
59.39
110.38
105.59
107.98
134.97
155.30
108.36
97.19
94.55
72.90
43.43
94.14
94.78
49.60
66.32
117.25
119.11
114.59
151.60
103.33
Transient
5.0
12.5
8.0
-0.4
-7.2
-1.5
10.4
23.5
22.8
3.1
-2.7
2.5
4.9
-3.8
8.8
-3.8
29.1
1.4
6.9
2.3
2.1
15.9
-1.0
-1.7
12.2
5.5
4.8
13.0
1.4
10.7
3.7
17.6
23.8
13.2
Group
0.9
-8.0
32.6
21.8
7.7
41.5
-2.8
29.3
1.4
20.3
99.8
6.8
13.5
38.3
1.8
54.8
-6.8
-12.1
30.9
11.6
-16.1
-9.2
9.7
14.1
-34.6
11.9
5.0
-4.3
10.9
1.4
8.8
-1.7
-9.5
0.5
Contract
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
-18.8
-30.3
-34.3
-20.7
-24.7
-21.6
-22.8
-33.7
-28.1
-13.1
-9.2
-26.8
-23.4
-18.1
2.1
4.1
23.9
11.5
0.0
12.0
4.6
27.1
7.3
12.4
30.2
5.0
9.4
23.8
3.9
17.5
4.2
-6.5
19.5
6.0
-5.3
-0.1
6.3
7.4
-10.8
9.2
4.9
0.3
7.9
6.2
6.8
7.0
4.7
5.7
Transient
-11.0
-1.1
3.9
6.4
6.1
6.2
4.5
2.7
0.3
6.0
6.0
1.7
3.5
-2.3
2.8
15.2
0.3
4.1
6.6
6.9
-3.1
-12.4
-9.1
-1.1
7.2
6.4
2.2
10.2
-1.9
3.3
2.7
-6.3
-1.1
0.5
Percent Change
ADR
Group
Contract
-9.9
-13.8
-3.0
2.9
3.4
1.5
-15.9
-6.3
-6.0
-12.9
-19.8
-3.9
-6.9
-0.6
-6.9
10.8
-4.9
-7.2
-9.6
2.8
15.6
4.0
2.4
7.1
29.5
-5.1
1.1
10.4
5.9
-6.1
7.8
3.6
12.6
5.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
-2.4
-6.4
-6.3
-8.4
-8.6
-5.5
-8.4
1.6
-2.2
-9.9
-15.7
-6.0
-5.6
-15.8
-10.3
-5.4
-0.9
3.9
4.2
2.4
-2.1
-2.8
-3.7
-4.9
-7.2
-1.5
-2.2
-1.0
-4.1
11.0
-2.1
-1.2
-2.8
4.8
3.8
-2.4
-1.6
3.0
18.6
-0.2
1.6
10.3
3.5
-0.0
5.6
-0.8
7.3
3.9
Transient
-6.6
11.3
12.2
5.9
-1.6
4.6
15.3
26.8
23.2
9.3
3.2
4.2
8.6
-6.1
11.8
10.9
29.5
5.6
14.0
9.4
-1.1
1.6
-10.0
-2.8
20.3
12.3
7.2
24.5
-0.5
14.4
6.5
10.2
22.4
13.7
RevPAR
Group
Contract
-9.1
-20.7
28.6
25.3
11.4
43.6
-18.3
21.1
-4.7
4.8
60.3
2.6
5.6
37.4
-5.2
71.6
-11.3
-18.4
18.4
14.6
-3.1
-5.5
12.4
22.3
-15.2
6.2
6.1
5.6
17.5
-4.8
17.2
1.8
1.9
6.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
-20.7
-34.8
-38.4
-27.4
-31.2
-25.9
-29.3
-32.6
-29.7
-21.7
-23.5
-31.2
-27.6
-31.1
-8.4
-1.5
22.8
15.8
4.3
14.6
2.4
23.5
3.4
6.9
20.8
3.4
7.1
22.5
-0.3
30.5
2.0
-7.7
16.1
11.1
-1.7
-2.5
4.7
10.6
5.8
8.9
6.7
10.6
11.7
6.2
12.8
6.1
12.3
9.8
Smith Travel Research’s Trend Report is a publication of Smith Travel Research and is intended solely for use by paid subscribers. Reproduction or distribution of the Trend Report, in whole or part, without written permission of Smith Travel Research is prohibited and subject to legal action. Site licenses are available. Ownership,
distribution and use of the Trend Report and its contents are subject to the terms set forth in the contract you have entered into with Smith Travel Research. Source 2012 Smith Travel Research, Inc.
Tab 8 - Monthly Segmentation Raw Data
Percent Change
Date
Feb 09
Mar 09
Apr 09
May 09
Jun 09
Jul 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jun YTD 2009
Total 2009
Jan 10
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jun YTD 2010
Total 2010
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jun YTD 2011
Total 2011
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jun YTD 2012
Demand
Supply
Total
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
307,519
620,135
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
307,519
620,135
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
307,519
620,135
52,669
47,572
52,669
50,970
52,669
50,970
307,519
Transient
5,151
13,746
7,879
12,361
14,673
21,266
16,402
8,023
7,057
9,100
9,376
58,539
129,762
4,714
5,410
15,468
8,507
12,307
13,611
20,951
18,103
9,907
8,669
9,384
9,127
60,017
136,158
4,534
5,883
14,887
10,980
12,481
14,549
21,437
18,475
11,482
8,580
9,221
10,244
63,314
142,753
5,121
5,968
16,479
11,383
14,683
18,009
71,643
Group
12,474
9,613
14,491
14,337
13,906
9,662
12,577
13,482
18,472
10,610
4,422
76,852
146,078
9,008
12,585
8,848
19,211
17,460
14,976
13,673
12,220
17,426
18,732
12,764
8,837
82,088
165,740
12,456
12,817
13,695
17,912
15,345
19,607
15,253
10,247
15,827
20,553
14,563
5,783
91,832
174,058
11,916
14,213
13,883
19,488
15,085
17,747
92,332
Revenue
Contract
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
1
0
0
0
0
0
0
0
Total
17,625
23,359
22,370
26,698
28,579
30,928
28,979
21,505
25,529
19,710
13,798
135,391
275,840
13,722
17,995
24,316
27,718
29,767
28,587
34,624
30,323
27,333
27,401
22,148
17,964
142,105
301,898
16,990
18,700
28,582
28,892
27,826
34,156
36,691
28,722
27,309
29,133
23,784
16,027
155,146
316,812
17,037
20,181
30,362
30,871
29,768
35,756
163,975
Transient
872,724
2,711,299
1,536,238
2,603,972
3,115,132
4,778,817
3,492,917
1,735,502
1,332,647
1,427,346
1,240,044
11,549,974
25,557,246
659,101
815,272
3,017,009
1,723,779
2,758,687
3,065,292
4,999,342
4,027,926
2,201,354
1,641,876
1,560,333
1,280,042
12,039,140
27,750,012
619,054
911,434
3,345,588
2,231,617
2,913,749
3,494,480
5,468,388
3,984,595
2,235,735
1,477,566
1,516,944
1,540,093
13,515,923
29,739,244
770,701
906,481
3,826,246
2,377,223
3,210,456
4,277,933
15,369,040
Group
2,222,353
1,813,942
2,761,851
2,713,049
2,566,715
1,646,503
2,175,152
2,375,752
3,269,028
1,715,912
550,033
14,163,325
25,895,706
1,268,735
2,019,337
1,438,621
3,552,501
3,399,732
2,858,791
2,364,579
1,776,939
2,876,961
3,116,061
1,798,691
881,617
14,537,717
27,352,566
1,743,307
1,914,063
2,468,039
3,150,383
2,773,477
3,384,727
2,710,979
1,722,510
2,718,118
3,502,377
2,198,970
747,382
15,433,995
29,034,331
1,841,422
2,248,399
2,349,305
3,693,571
2,824,718
3,448,976
16,406,391
Demand
Supply
Contract
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30
0
0
0
0
0
0
30
0
0
0
0
0
0
0
Total
3,095,077
4,525,241
4,298,089
5,317,021
5,681,847
6,425,320
5,668,069
4,111,254
4,601,675
3,143,258
1,790,077
25,713,299
51,452,952
1,927,836
2,834,609
4,455,630
5,276,280
6,158,419
5,924,083
7,363,921
5,804,865
5,078,315
4,757,937
3,359,024
2,161,659
26,576,857
55,102,578
2,362,361
2,825,497
5,813,627
5,382,000
5,687,226
6,879,207
8,179,397
5,707,105
4,953,853
4,979,943
3,715,914
2,287,475
28,949,918
58,773,605
2,612,123
3,154,880
6,175,551
6,070,794
6,035,174
7,726,909
31,775,431
Total
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
0.0
0.0
35.5
27.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Transient
5.0
12.5
8.0
-0.4
-7.2
-1.5
10.4
23.5
22.8
3.1
-2.7
2.5
4.9
-3.8
8.8
-3.8
29.1
1.4
6.9
2.3
2.1
15.9
-1.0
-1.7
12.2
5.5
4.8
13.0
1.4
10.7
3.7
17.6
23.8
13.2
Revenue
Group
Contract
0.9
-8.0
32.6
21.8
7.7
41.5
-2.8
29.3
1.4
20.3
99.8
6.8
13.5
38.3
1.8
54.8
-6.8
-12.1
30.9
11.6
-16.1
-9.2
9.7
14.1
-34.6
11.9
5.0
-4.3
10.9
1.4
8.8
-1.7
-9.5
0.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
10.0
-5.6
-11.0
7.5
2.0
6.3
4.6
-10.1
-2.6
-13.1
-9.2
-0.9
-2.0
-18.1
2.1
4.1
23.9
11.5
0.0
12.0
4.6
27.1
7.3
12.4
30.2
5.0
9.4
23.8
3.9
17.5
4.2
-6.5
19.5
6.0
-5.3
-0.1
6.3
7.4
-10.8
9.2
4.9
0.3
7.9
6.2
6.8
7.0
4.7
5.7
Transient
-6.6
11.3
12.2
5.9
-1.6
4.6
15.3
26.8
23.2
9.3
3.2
4.2
8.6
-6.1
11.8
10.9
29.5
5.6
14.0
9.4
-1.1
1.6
-10.0
-2.8
20.3
12.3
7.2
24.5
-0.5
14.4
6.5
10.2
22.4
13.7
Group
Contract
-9.1
-20.7
28.6
25.3
11.4
43.6
-18.3
21.1
-4.7
4.8
60.3
2.6
5.6
37.4
-5.2
71.6
-11.3
-18.4
18.4
14.6
-3.1
-5.5
12.4
22.3
-15.2
6.2
6.1
5.6
17.5
-4.8
17.2
1.8
1.9
6.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
7.4
-11.6
-16.6
-1.6
-6.8
0.4
-4.2
-8.7
-4.8
-21.7
-23.5
-6.8
-7.5
-31.1
-8.4
-1.5
22.8
15.8
4.3
14.6
2.4
23.5
3.4
6.9
20.8
3.4
7.1
22.5
-0.3
30.5
2.0
-7.7
16.1
11.1
-1.7
-2.5
4.7
10.6
5.8
8.9
6.7
10.6
11.7
6.2
12.8
6.1
12.3
9.8
Census
Props
Census & Sample %
Census
% Seg
Rooms
Participants
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
1699
85.8
5
5
5
5
5
5
5
5
5
5
5
5
1699
1699
1699
1699
1699
1699
1699
1699
1699
1699
1699
1699
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
5
5
5
5
5
5
5
5
5
5
5
5
1699
1699
1699
1699
1699
1699
1699
1699
1699
1699
1699
1699
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
85.8
5
5
5
5
5
5
1699
1699
1699
1699
1699
1699
85.8
85.8
85.8
85.8
85.8
85.8
Smith Travel Research’s Trend Report is a publication of Smith Travel Research and is intended solely for use by paid subscribers. Reproduction or distribution of the Trend Report, in whole or part, without written permission of Smith Travel Research is prohibited and subject to legal action. Site licenses are
available. Ownership, distribution and use of the Trend Report and its contents are subject to the terms set forth in the contract you have entered into with Smith Travel Research. Source 2012 Smith Travel Research, Inc.
Tab 9 - Raw Data
Date
Jan 06
Feb 06
Mar 06
Apr 06
May 06
Jun 06
Jul 06
Aug 06
Sep 06
Oct 06
Nov 06
Dec 06
Jan 07
Feb 07
Mar 07
Apr 07
May 07
Jun 07
Jul 07
Aug 07
Sep 07
Oct 07
Nov 07
Dec 07
Jan 08
Feb 08
Mar 08
Apr 08
May 08
Jun 08
Jul 08
Aug 08
Sep 08
Oct 08
Nov 08
Dec 08
Jan 09
Feb 09
Mar 09
Apr 09
May 09
Jun 09
Jul 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Occupancy
This
Year
% Chg
30.2
40.1
49.2
49.2
46.9
57.9
53.1
48.3
64.1
64.8
57.0
37.0
45.6
51.0
49.3
23.0
59.9
21.8
60.6
23.2
68.1
45.1
66.9
15.6
64.3
21.1
62.5
29.3
57.3
-10.7
65.4
0.9
51.0
-10.6
38.2
3.3
45.8
0.5
45.6
-7.5
63.6
6.2
66.8
10.3
63.9
-6.2
74.5
11.3
74.9
16.4
71.3
14.0
63.6
11.1
67.4
3.0
44.5
-12.7
28.9
-24.4
31.8
-30.6
37.0
-18.8
44.4
-30.3
43.9
-34.3
50.7
-20.7
56.1
-24.7
58.7
-21.6
55.0
-22.8
42.2
-33.7
48.5
-28.1
38.7
-13.1
26.2
-9.2
ADR
This
Year
% Chg
124.98
130.68
149.23
154.82
164.95
163.35
186.54
172.62
170.21
164.18
153.14
137.65
159.07
27.3
181.12
38.6
204.80
37.2
192.02
24.0
212.85
29.0
215.94
32.2
210.64
12.9
208.93
21.0
204.84
20.3
190.65
16.1
180.43
17.8
151.28
9.9
165.18
3.8
179.93
-0.7
207.05
1.1
205.07
6.8
217.46
2.2
217.61
0.8
219.89
4.4
213.46
2.2
188.20
-8.1
184.34
-3.3
176.95
-1.9
153.81
1.7
166.83
1.0
175.61
-2.4
193.73
-6.4
192.14
-6.3
199.15
-8.4
198.81
-8.6
207.75
-5.5
195.59
-8.4
191.18
1.6
180.25
-2.2
159.48
-9.9
129.73
-15.7
RevPar
This
Year
% Chg
37.76
52.42
73.40
76.13
77.39
94.55
99.06
83.45
109.19
106.43
87.29
50.89
72.54
92.1
89.36
70.5
122.73
67.2
116.29
52.8
144.96
87.3
144.54
52.9
135.51
36.8
130.60
56.5
117.32
7.4
124.75
17.2
91.93
5.3
57.79
13.6
75.73
4.4
82.08
-8.1
131.73
7.3
136.99
17.8
138.99
-4.1
162.06
12.1
164.63
21.5
152.17
16.5
119.72
2.0
124.29
-0.4
78.71
-14.4
44.40
-23.2
53.09
-29.9
65.06
-20.7
85.92
-34.8
84.33
-38.4
100.95
-27.4
111.47
-31.2
121.99
-25.9
107.62
-29.3
80.66
-32.6
87.37
-29.7
61.67
-21.7
33.99
-23.5
Supply
This Year
35,154
31,752
35,154
34,020
35,154
48,750
50,375
50,375
48,750
50,375
48,750
50,375
40,238
36,344
40,238
37,620
38,874
37,620
38,874
38,874
37,620
38,874
37,620
38,874
38,874
35,112
38,874
37,620
38,874
37,620
38,874
38,874
37,620
38,874
50,970
52,669
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
Demand
% Chg
14.5
14.5
14.5
10.6
10.6
-22.8
-22.8
-22.8
-22.8
-22.8
-22.8
-22.8
-3.4
-3.4
-3.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
0.0
0.0
This Year
10,620
12,738
17,291
16,729
16,494
28,217
26,751
24,352
31,273
32,655
27,786
18,624
18,350
17,931
24,113
22,784
26,474
25,180
25,009
24,300
21,546
25,436
19,168
14,851
17,823
16,018
24,733
25,130
24,845
28,017
29,106
27,711
23,932
26,210
22,672
15,204
16,760
17,625
23,359
22,370
26,698
28,579
30,928
28,979
21,505
25,529
19,710
13,798
Revenue
% Chg
72.8
40.8
39.5
36.2
60.5
-10.8
-6.5
-0.2
-31.1
-22.1
-31.0
-20.3
-2.9
-10.7
2.6
10.3
-6.2
11.3
16.4
14.0
11.1
3.0
18.3
2.4
-6.0
10.0
-5.6
-11.0
7.5
2.0
6.3
4.6
-10.1
-2.6
-13.1
-9.2
This Year
1,327,254
1,664,553
2,580,409
2,590,029
2,720,722
4,609,147
4,990,195
4,203,645
5,323,050
5,361,245
4,255,198
2,563,678
2,918,937
3,247,617
4,938,454
4,374,935
5,635,084
5,437,474
5,267,864
5,077,079
4,413,435
4,849,394
3,458,513
2,246,720
2,944,080
2,882,140
5,121,016
5,153,482
5,402,913
6,096,798
6,400,013
5,915,288
4,503,893
4,831,597
4,011,894
2,338,489
2,796,024
3,095,077
4,525,241
4,298,089
5,317,021
5,681,847
6,425,320
5,668,069
4,111,254
4,601,675
3,143,258
1,790,077
% Chg Census Props
4
4
4
4
4
5
5
5
5
5
5
5
119.9
5
95.1
5
91.4
5
68.9
4
107.1
4
18.0
4
5.6
4
20.8
4
-17.1
4
-9.5
4
-18.7
4
-12.4
4
0.9
4
-11.3
4
3.7
4
17.8
4
-4.1
4
12.1
4
21.5
4
16.5
4
2.0
4
-0.4
4
16.0
5
4.1
5
-5.0
5
7.4
5
-11.6
5
-16.6
5
-1.6
5
-6.8
5
0.4
5
-4.2
5
-8.7
5
-4.8
5
-21.7
5
-23.5
5
Census & Sample %
% Rooms STAR
Census Rooms
Participants
1,134
100.0
1,134
100.0
1,134
100.0
1,134
100.0
1,134
100.0
1,625
100.0
1,625
100.0
1,625
77.2
1,625
77.2
1,625
77.2
1,625
77.2
1,625
77.2
1,298
96.6
1,298
96.6
1,298
96.6
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,254
100.0
1,699
73.8
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
Tab 9 - Raw Data
Date
Jan 10
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Occupancy
This
Year
% Chg
26.1
-18.1
37.8
2.1
46.2
4.1
54.4
23.9
56.5
11.5
56.1
0.0
65.7
12.0
57.6
4.6
53.6
27.1
52.0
7.3
43.5
12.4
34.1
30.2
32.3
23.8
39.3
3.9
54.3
17.5
56.7
4.2
52.8
-6.5
67.0
19.5
69.7
6.0
54.5
-5.3
53.6
-0.1
55.3
6.3
46.7
7.4
30.4
-10.8
32.3
0.3
42.4
7.9
57.6
6.2
60.6
6.8
56.5
7.0
70.2
4.7
ADR
This
Year
% Chg
140.49
-15.8
157.52
-10.3
183.24
-5.4
190.36
-0.9
206.89
3.9
207.23
4.2
212.68
2.4
191.43
-2.1
185.79
-2.8
173.64
-3.7
151.66
-4.9
120.33
-7.2
139.04
-1.0
151.10
-4.1
203.40
11.0
186.28
-2.1
204.39
-1.2
201.41
-2.8
222.93
4.8
198.70
3.8
181.40
-2.4
170.94
-1.6
156.24
3.0
142.73
18.6
153.32
10.3
156.33
3.5
203.40
-0.0
196.65
5.6
202.74
-0.8
216.10
7.3
RevPar
This
Year
% Chg
36.60
-31.1
59.59
-8.4
84.60
-1.5
103.52
22.8
116.93
15.8
116.23
4.3
139.82
14.6
110.21
2.4
99.63
23.5
90.34
3.4
65.90
6.9
41.04
20.8
44.85
22.5
59.39
-0.3
110.38
30.5
105.59
2.0
107.98
-7.7
134.97
16.1
155.30
11.1
108.36
-1.7
97.19
-2.5
94.55
4.7
72.90
10.6
43.43
5.8
49.60
10.6
66.32
11.7
117.25
6.2
119.11
12.8
114.59
6.1
151.60
12.3
Supply
This Year
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
52,669
47,572
52,669
50,970
52,669
50,970
Demand
% Chg
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
This Year
13,722
17,995
24,316
27,718
29,767
28,587
34,624
30,323
27,333
27,401
22,148
17,964
16,990
18,700
28,582
28,892
27,826
34,156
36,691
28,722
27,309
29,133
23,784
16,027
17,037
20,181
30,362
30,871
29,768
35,756
% Chg
-18.1
2.1
4.1
23.9
11.5
0.0
12.0
4.6
27.1
7.3
12.4
30.2
23.8
3.9
17.5
4.2
-6.5
19.5
6.0
-5.3
-0.1
6.3
7.4
-10.8
0.3
7.9
6.2
6.8
7.0
4.7
Revenue
This Year
1,927,836
2,834,609
4,455,630
5,276,280
6,158,419
5,924,083
7,363,921
5,804,865
5,078,315
4,757,937
3,359,024
2,161,659
2,362,361
2,825,497
5,813,627
5,382,000
5,687,226
6,879,207
8,179,397
5,707,105
4,953,853
4,979,943
3,715,914
2,287,475
2,612,123
3,154,880
6,175,551
6,070,794
6,035,174
7,726,909
% Chg Census Props
-31.1
5
-8.4
5
-1.5
5
22.8
5
15.8
5
4.3
5
14.6
5
2.4
5
23.5
5
3.4
5
6.9
5
20.8
5
22.5
5
-0.3
5
30.5
5
2.0
5
-7.7
5
16.1
5
11.1
5
-1.7
5
-2.5
5
4.7
5
10.6
5
5.8
5
10.6
5
11.7
5
6.2
5
12.8
5
6.1
5
12.3
5
Census & Sample %
% Rooms STAR
Census Rooms
Participants
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
1,699
100.0
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Tab 10 - Classic
Date
Jan 06
Feb 06
Mar 06
Apr 06
May 06
Jun 06
Jul 06
Aug 06
Sep 06
Oct 06
Nov 06
Dec 06
Jun YTD 2006
Total 2006
Jan 07
Feb 07
Mar 07
Apr 07
May 07
Jun 07
Jul 07
Aug 07
Sep 07
Oct 07
Nov 07
Dec 07
Jun YTD 2007
Total 2007
Jan 08
Feb 08
Mar 08
Apr 08
May 08
Jun 08
Jul 08
Aug 08
Sep 08
Oct 08
Nov 08
Dec 08
Jun YTD 2008
Total 2008
Jan 09
Feb 09
Mar 09
Apr 09
May 09
Jun 09
Jul 09
Aug 09
Sep 09
Oct 09
Nov 09
Occupancy
ADR
RevPar
30.2
124.98
37.76
40.1
130.68
52.42
49.2
149.23
73.40
49.2
154.82
76.13
46.9
164.95
77.39
57.9
163.35
94.55
53.1
186.54
99.06
48.3
172.62
83.45
64.1
170.21
109.19
64.8
164.18
106.43
57.0
153.14
87.29
37.0
137.65
50.89
46.4
151.75
70.42
50.8
160.09
81.29
45.6
51.0
159.07
27.3
72.54
92.1
49.3
23.0
181.12
38.6
89.36
70.5
59.9
21.8
204.80
37.2
122.73
67.2
60.6
23.2
192.02
24.0
116.29
52.8
68.1
45.1
212.85
29.0
144.96
87.3
66.9
15.6
215.94
32.2
144.54
52.9
64.3
21.1
210.64
12.9
135.51
36.8
62.5
29.3
208.93
21.0
130.60
56.5
57.3
-10.7
204.84
20.3
117.32
7.4
65.4
0.9
190.65
16.1
124.75
17.2
51.0
-10.6
180.43
17.8
91.93
5.3
38.2
3.3
151.28
9.9
57.79
13.6
58.4
25.8
196.93
29.8
114.98
63.3
57.4
13.1
195.61
22.2
112.34
38.2
45.8
0.5
165.18
3.8
75.73
4.4
45.6
-7.5
179.93
-0.7
82.08
-8.1
63.6
6.2
207.05
1.1
131.73
7.3
66.8
10.3
205.07
6.8
136.99
17.8
63.9
-6.2
217.46
2.2
138.99
-4.1
74.5
11.3
217.61
0.8
162.06
12.1
74.9
16.4
219.89
4.4
164.63
21.5
71.3
14.0
213.46
2.2
152.17
16.5
63.6
11.1
188.20
-8.1
119.72
2.0
67.4
3.0
184.34
-3.3
124.29
-0.4
44.5
-12.7
176.95
-1.9
78.71
-14.4
28.9
-24.4
153.81
1.7
44.40
-23.2
60.2
3.1
202.10
2.6
121.60
5.8
58.0
1.1
197.59
1.0
114.68
2.1
31.8
-30.6
166.83
1.0
53.09
-29.9
37.0
-18.8
175.61
-2.4
65.06
-20.7
44.4
-30.3
193.73
-6.4
85.92
-34.8
43.9
-34.3
192.14
-6.3
84.33
-38.4
50.7
-20.7
199.15
-8.4
100.95
-27.4
56.1
-24.7
198.81
-8.6
111.47
-31.2
58.7
-21.6
207.75
-5.5
121.99
-25.9
55.0
-22.8
195.59
-8.4
107.62
-29.3
42.2
-33.7
191.18
1.6
80.66
-32.6
48.5
-28.1
180.25
-2.2
87.37
-29.7
38.7
-13.1
159.48
-9.9
61.67
-21.7
Supply
This Year
35,154
31,752
35,154
34,020
35,154
48,750
50,375
50,375
48,750
50,375
48,750
50,375
219,984
518,984
40,238
36,344
40,238
37,620
38,874
37,620
38,874
38,874
37,620
38,874
37,620
38,874
230,934
461,670
38,874
35,112
38,874
37,620
38,874
37,620
38,874
38,874
37,620
38,874
50,970
52,669
226,974
484,855
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
Demand
% Chg
14.5
14.5
14.5
10.6
10.6
-22.8
-22.8
-22.8
-22.8
-22.8
-22.8
-22.8
5.0
-11.0
-3.4
-3.4
-3.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
35.5
35.5
-1.7
5.0
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
35.5
0.0
This Year
10,620
12,738
17,291
16,729
16,494
28,217
26,751
24,352
31,273
32,655
27,786
18,624
102,089
263,530
18,350
17,931
24,113
22,784
26,474
25,180
25,009
24,300
21,546
25,436
19,168
14,851
134,832
265,142
17,823
16,018
24,733
25,130
24,845
28,017
29,106
27,711
23,932
26,210
22,672
15,204
136,566
281,401
16,760
17,625
23,359
22,370
26,698
28,579
30,928
28,979
21,505
25,529
19,710
Revenue
% Chg
72.8
40.8
39.5
36.2
60.5
-10.8
-6.5
-0.2
-31.1
-22.1
-31.0
-20.3
32.1
0.6
-2.9
-10.7
2.6
10.3
-6.2
11.3
16.4
14.0
11.1
3.0
18.3
2.4
1.3
6.1
-6.0
10.0
-5.6
-11.0
7.5
2.0
6.3
4.6
-10.1
-2.6
-13.1
This Year
1,327,254
1,664,553
2,580,409
2,590,029
2,720,722
4,609,147
4,990,195
4,203,645
5,323,050
5,361,245
4,255,198
2,563,678
15,492,114
42,189,125
2,918,937
3,247,617
4,938,454
4,374,935
5,635,084
5,437,474
5,267,864
5,077,079
4,413,435
4,849,394
3,458,513
2,246,720
26,552,501
51,865,506
2,944,080
2,882,140
5,121,016
5,153,482
5,402,913
6,096,798
6,400,013
5,915,288
4,503,893
4,831,597
4,011,894
2,338,489
27,600,429
55,601,603
2,796,024
3,095,077
4,525,241
4,298,089
5,317,021
5,681,847
6,425,320
5,668,069
4,111,254
4,601,675
3,143,258
% Chg Census Props
4
4
4
4
4
5
5
5
5
5
5
5
119.9
95.1
91.4
68.9
107.1
18.0
5.6
20.8
-17.1
-9.5
-18.7
-12.4
71.4
22.9
0.9
-11.3
3.7
17.8
-4.1
12.1
21.5
16.5
2.0
-0.4
16.0
4.1
3.9
7.2
-5.0
7.4
-11.6
-16.6
-1.6
-6.8
0.4
-4.2
-8.7
-4.8
-21.7
Census & Sample %
% Rooms STAR
Census Rooms
Participants
1,134
100.0
1,134
100.0
1,134
100.0
1,134
100.0
1,134
100.0
1,625
100.0
1,625
100.0
1,625
77.2
1,625
77.2
1,625
77.2
1,625
77.2
1,625
77.2
5
5
5
4
4
4
4
4
4
4
4
4
1,298
1,298
1,298
1,254
1,254
1,254
1,254
1,254
1,254
1,254
1,254
1,254
96.6
96.6
96.6
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
4
4
4
4
4
4
4
4
4
4
5
5
1,254
1,254
1,254
1,254
1,254
1,254
1,254
1,254
1,254
1,254
1,699
1,699
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
73.8
100.0
5
5
5
5
5
5
5
5
5
5
5
1,699
1,699
1,699
1,699
1,699
1,699
1,699
1,699
1,699
1,699
1,699
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Tab 10 - Classic
Date
Dec 09
Jun YTD 2009
Total 2009
Jan 10
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jun YTD 2010
Total 2010
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jun YTD 2011
Total 2011
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jun YTD 2012
Occupancy
ADR
RevPar
26.2
-9.2
129.73
-15.7
33.99
-23.5
44.0
-26.8
189.92
-6.0
83.62
-31.2
44.5
-23.4
186.53
-5.6
82.97
-27.6
26.1
-18.1
140.49
-15.8
36.60
-31.1
37.8
2.1
157.52
-10.3
59.59
-8.4
46.2
4.1
183.24
-5.4
84.60
-1.5
54.4
23.9
190.36
-0.9
103.52
22.8
56.5
11.5
206.89
3.9
116.93
15.8
56.1
0.0
207.23
4.2
116.23
4.3
65.7
12.0
212.68
2.4
139.82
14.6
57.6
4.6
191.43
-2.1
110.21
2.4
53.6
27.1
185.79
-2.8
99.63
23.5
52.0
7.3
173.64
-3.7
90.34
3.4
43.5
12.4
151.66
-4.9
65.90
6.9
34.1
30.2
120.33
-7.2
41.04
20.8
46.2
5.0
187.02
-1.5
86.42
3.4
48.7
9.4
182.52
-2.2
88.86
7.1
32.3
23.8
139.04
-1.0
44.85
22.5
39.3
3.9
151.10
-4.1
59.39
-0.3
54.3
17.5
203.40
11.0
110.38
30.5
56.7
4.2
186.28
-2.1
105.59
2.0
52.8
-6.5
204.39
-1.2
107.98
-7.7
67.0
19.5
201.41
-2.8
134.97
16.1
69.7
6.0
222.93
4.8
155.30
11.1
54.5
-5.3
198.70
3.8
108.36
-1.7
53.6
-0.1
181.40
-2.4
97.19
-2.5
55.3
6.3
170.94
-1.6
94.55
4.7
46.7
7.4
156.24
3.0
72.90
10.6
30.4
-10.8
142.73
18.6
43.43
5.8
50.5
9.2
186.60
-0.2
94.14
8.9
51.1
4.9
185.52
1.6
94.78
6.7
32.3
0.3
153.32
10.3
49.60
10.6
42.4
7.9
156.33
3.5
66.32
11.7
57.6
6.2
203.40
-0.0
117.25
6.2
60.6
6.8
196.65
5.6
119.11
12.8
56.5
7.0
202.74
-0.8
114.59
6.1
70.2
4.7
216.10
7.3
151.60
12.3
53.3
5.7
193.78
3.9
103.33
9.8
Supply
This Year
52,669
307,519
620,135
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
307,519
620,135
52,669
47,572
52,669
50,970
52,669
50,970
52,669
52,669
50,970
52,669
50,970
52,669
307,519
620,135
52,669
47,572
52,669
50,970
52,669
50,970
307,519
Demand
% Chg
0.0
35.5
27.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
This Year
13,798
135,391
275,840
13,722
17,995
24,316
27,718
29,767
28,587
34,624
30,323
27,333
27,401
22,148
17,964
142,105
301,898
16,990
18,700
28,582
28,892
27,826
34,156
36,691
28,722
27,309
29,133
23,784
16,027
155,146
316,812
17,037
20,181
30,362
30,871
29,768
35,756
163,975
Revenue
% Chg
-9.2
-0.9
-2.0
-18.1
2.1
4.1
23.9
11.5
0.0
12.0
4.6
27.1
7.3
12.4
30.2
5.0
9.4
23.8
3.9
17.5
4.2
-6.5
19.5
6.0
-5.3
-0.1
6.3
7.4
-10.8
9.2
4.9
0.3
7.9
6.2
6.8
7.0
4.7
5.7
This Year
1,790,077
25,713,299
51,452,952
1,927,836
2,834,609
4,455,630
5,276,280
6,158,419
5,924,083
7,363,921
5,804,865
5,078,315
4,757,937
3,359,024
2,161,659
26,576,857
55,102,578
2,362,361
2,825,497
5,813,627
5,382,000
5,687,226
6,879,207
8,179,397
5,707,105
4,953,853
4,979,943
3,715,914
2,287,475
28,949,918
58,773,605
2,612,123
3,154,880
6,175,551
6,070,794
6,035,174
7,726,909
31,775,431
Census & Sample %
% Rooms STAR
% Chg Census Props Census Rooms
Participants
-23.5
5
1,699
100.0
-6.8
-7.5
-31.1
5
1,699
100.0
-8.4
5
1,699
100.0
-1.5
5
1,699
100.0
22.8
5
1,699
100.0
15.8
5
1,699
100.0
4.3
5
1,699
100.0
14.6
5
1,699
100.0
2.4
5
1,699
100.0
23.5
5
1,699
100.0
3.4
5
1,699
100.0
6.9
5
1,699
100.0
20.8
5
1,699
100.0
3.4
7.1
22.5
5
1,699
100.0
-0.3
5
1,699
100.0
30.5
5
1,699
100.0
2.0
5
1,699
100.0
-7.7
5
1,699
100.0
16.1
5
1,699
100.0
11.1
5
1,699
100.0
-1.7
5
1,699
100.0
-2.5
5
1,699
100.0
4.7
5
1,699
100.0
10.6
5
1,699
100.0
5.8
5
1,699
100.0
8.9
6.7
10.6
5
1,699
100.0
11.7
5
1,699
100.0
6.2
5
1,699
100.0
12.8
5
1,699
100.0
6.1
5
1,699
100.0
12.3
5
1,699
100.0
9.8
Smith Travel Research’s Trend Report is a publication of Smith Travel Research and is intended solely for use by paid subscribers. Reproduction or distribution of the Trend Report, in whole or part, without written
permission of Smith Travel Research is prohibited and subject to legal action. Site licenses are available. Ownership, distribution and use of the Trend Report and its contents are subject to the terms set forth in the
contract you have entered into with Smith Travel Research. Source 2012 Smith Travel Research, Inc.
Tab 11 - Response Report
2010
STR
Code
52960
20965
16318
54081
16263
City & State
Horseshoe Bay, TX
Montgomery, TX
Galveston, TX
Lost Pines, TX
Austin, TX
75657
Oct 2004 Oct 2004
347
77356
Nov 2008 Jun 1985
445
77551
Jun 1985 Jun 1985
242
78612
Jun 2006 Jun 2006
491
78734
Jun 1963 Jun 1963
174
Total Properties:
5
1699
Chg in
Rms
Y
Y
2011
2012
Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ
ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż ż Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ
ż - Monthly data received by STR
Ɣ - Monthly and daily data received by STR
Tab 12 - Segmentation Response
2010
STR
Code
52960
20965
16318
54081
16263
City & State
Horseshoe Bay, TX
Montgomery, TX
Galveston, TX
Lost Pines, TX
Austin, TX
75657
Oct 2004 Oct 2004
347
77356
Nov 2008 Jun 1985
445
77551
Jun 1985 Jun 1985
242
78612
Jun 2006 Jun 2006
491
78734
Jun 1963 Jun 1963
174
Total Properties:
5
1699
Chg in
Rms
Y
Y
2011
2012
ż - Monthly Segmentation data received by STR
Ɣ - Monthly and daily Segmentation data received by STR
Tab 13 - Help
Methodology
While virtually every chain in the United States provides STR with data on almost all of their properties, there are still some hotels that don't submit data. But we've got you covered.
Every year we examine guidebook listings and hotel directories for information on hotels that don't provide us with data. We don't stop there. We call each hotel in our database every year to
obtain "published" rates for multiple categories. Based on this information we group all hotels - those that report data and those that don't - into groupings based off of price level and geographic
proximity. We then estimate the non-respondents based off of nearby hotels with similar price levels.
Similarly, we sometimes obtain monthly data from a property, but not daily data. We use a similar process. We take the monthly data that the property has provided, and distribute it to the
individual days based on the revenue and demand distribution patterns of similar hotels in the same location.
We believe it imperative to perform this analysis in order to provide interested parties with our best estimate of total lodging demand and room revenue on their areas of interest. Armed with this
information a more informed decision can be made.
Glossary
ADR (Average Daily Rate)
Room revenue divided by rooms sold, displayed as the average rental rate for a
single room.
Affiliation Date
Date the property affiliated with current chain/flag
Census (Properties and Rooms)
The number of properties and rooms that exist within the selected property set
or segment.
Change in Rooms
Indicator of whether or not an individual hotel has added or removed rooms from
their inventory.
Exchange Rate
The factor used to convert revenue from U.S. Dollars to the local currency.
The exchange rate data is obtained from Oanda.com. Any aggregated number
in the report (YTD, Running 3 month, Running 12 month) uses the exchange
rate of each relative month when calculating the data.
Open Date
Date the property opened as a lodging establishment.
Percent Change
Amount of growth, up, flat, or down from the same period last year (month, ytd, three
months, twelve months). Calculated as ((TY-LY)/LY) * "100".
Revenue (Room Revenue)
Total room revenue generated from the sale or rental of rooms.
RevPAR (Revenue Per Available Room)
Room revenue divided by rooms available
Sample % (Rooms)
The % of rooms from which STR receives data. Calculated as (Sample
Rooms/Census Rooms) * "100".
Standard Historical Trend
STR Code
Extended Historical Trend
Smith Travel Research's proprietary numbering system. Each hotel in the lodging
census has a unique STR code.
Demand (Rooms Sold)
The number of rooms sold (excludes complimentary rooms).
Supply (Rooms Available)
The number of rooms times the number of days in the period.
Full Historical Trend
The value of any given month is computed by taking the value of that month and the
values of the eleven preceding months, adding them together and dividing by twelve.
Occupancy
Rooms sold divided by rooms available. Occupancy is always displayed as a
percentage of rooms occupied.
Year to Date
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3.14 Remedies. In addition to any other rights or remedies that STR may have, in the event of any termination by STR on account of a breach by Licensee, STR may, without refund, immediately terminate and discontinue any
right of Licensee to receive additional Licensed Materials from STR.
Lake Lewisville Mixed Use
COST SPREAD
5-Feb-13
Phase One
Public Improvements
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
YR 1
YR 2
YR 3
YR 4
YR 5
YR 6
YR 7
YR 8
YR 9
YR 10
0%
0
11,281,723
3,760,574
0
0
0
0
0
0
0
0%
0
479,602
1,438,807
0
0
0
0
0
0
0
$272,303
0%
0
0
272,303
0
0
0
0
0
0
0
100%
$69,431
0%
0
0
69,431
0
0
0
0
0
0
0
50%
$5,412,497
0%
0
2,706,248
2,706,248
0
0
0
0
0
0
0
25%
$290,223
0%
0
72,556
217,667
0
0
0
0
0
0
0
50%
$14,857,758
0%
0
7,428,879
7,428,879
0
0
0
0
0
0
0
0
21,969,008
15,893,909
0
0
0
0
0
0
0
32,426,346
32,426,346
0
0
0
0
0
0
0
Include (Y = yes)
YR Start
% YR Start
YR 1 Cost
Inflation/yr
Common Areas (Master Development - Phase One costs Only)
Y
2
75%
$15,042,297
Y
2
25%
$1,918,409
Community Park
Y
3
100%
Future Development Parcels I, II and III
Y
3
Marina & Rental Dock and Service Site
Y
2
Slalom Shop Parcel
Y
2
Conference Center @ Resort Hotel
Y
2
Total Public Improvements
$37,862,917
Tax Value
$64,852,692
0%
0
50%
$0
0%
0
0
0
0
0
0
0
0
0
0
50%
$9,652,905
0%
0
4,826,453
4,826,453
0
0
0
0
0
0
0
50%
$21,844,526
0%
0
10,922,263
10,922,263
0
0
0
0
0
0
0
Resort Hotel - excluding Conference Center
Y
2
50%
Marina
Y
2
Restaurant Cluster
Y
2
Tower Bay Site
Y
2
Total Private Improvements
$96,350,123
0
48,175,062
48,175,062
0
0
0
0
0
0
0
Phase One Total
$134,213,040
0
70,144,069
64,068,971
0
0
0
0
0
0
0
Phase Two
Public Improvements - Common Areas
Y
5
100%
$465,520
0%
0
0
0
0
465,520
0
0
0
0
0
Private Improvements - Resort Lodge and Cabin Site
Y
6
100%
$6,535,940
0%
0
0
0
0
0
6,535,940
0
0
0
0
0
0
0
0
465,520
6,535,940
0
0
0
0
Phase Two Total
$7,001,460
Phase Three
Public Improvements - Common Areas
Y
5
100%
$69,431
0%
0
0
0
0
69,431
0
0
0
0
0
Private Improvemets - DCTA / TOD Site
Y
5
50%
$19,618,852
0%
0
0
0
0
9,809,426
9,809,426
0
0
0
0
9,878,857
9,809,426
0
0
0
0
0
0
0
0
Phase Three Total
$19,688,284
0
0
0
0
GRAND TOTAL
$160,902,784
0
0
0
0
9,878,857 9,809,426
Summary of Cost Estimates
5-Feb-13
Phase One
Development Zones
Cost
$4,590,529.75
$15,042,296.84
Marina
$821,966.81
Common Areas (Master Development - Phase One costs Only)
Rental Marina and Service Site
$290,222.63
$1,918,409.30
Slalom Shop Parcel
$9,652,905.02
Restaurant Complex
$21,844,526.00
$272,302.75
Tower Bay Site
$64,852,692.15
Community Park
Resort Hotel
$14,857,757.81
$69,431.25
Conference Center
$134,213,040.31
Common Areas (includes Road C)
$6,535,940.48
$465,520.00
Cost
Resort Lodge and Cabin Site
$7,001,460.48
Cost
$19,618,852.40
$69,431.25
DCTA / TOD Site
$160,902,784.43
$19,688,283.65
GRAND TOTAL
Phase 3 Total (including 15% contingency and 15% fee allowance)
Only roadway section between DCTA and Slalom Shop
Common Areas (includes Road E)
Development Zones
Phase Three
Development Zones
Phase Two
2 of 2
Development Common Areas (Phase 1)
Description
4
1
1
Quantity
600
1,500
1,000
8,000
10
60
75
9,800
18,000
1
Quantity
1,500
100
3,000
3,000
12,000
24
75
100
37,300
51,750
1
Quantity
1
2,000
8,000
1
Quantity
Unit Cost
$4,500.00
$10,000.00
$2,500.00
Unit Cost
$300.00
$9.00
$9.00
$4.00
$4,500.00
$850.00
$650.00
$6.50
$1.25
$10,000.00
Unit Cost
$500.00
$1,000.00
$9.00
$9.00
$4.00
$4,500.00
$850.00
$650.00
$6.50
$1.25
$15,000.00
Unit Cost
$100,000.00
$6.50
$1.25
$15,000.00
Unit Cost
LF
LF
LF
LF
LF
LF
LF
LF
LS
LS
LS
LF
LS
Unit
EA
EA
LS
Unit
LF
SF
SF
SF
EA
EA
EA
SF
SF
LS
Unit
LF
SF
SF
SF
SF
EA
EA
EA
SF
SF
LS
Unit
LS
SF
SF
LS
Unit
Subtotal
$32,500.00
$540,000.00
$100,000.00
$150,000.00
$75,000.00
$190,000.00
$120,000.00
$75,000.00
$400,000.00
$20,000.00
$25,000.00
$15,000.00
$100,000.00
Subtotal
$18,000.00
$10,000.00
$2,500.00
Subtotal
$180,000.00
$13,500.00
$9,000.00
$32,000.00
$45,000.00
$51,000.00
$48,750.00
$63,700.00
$22,500.00
$10,000.00
Subtotal
$750,000.00
$100,000.00
$27,000.00
$27,000.00
$48,000.00
$108,000.00
$63,750.00
$65,000.00
$242,450.00
$64,687.50
$15,000.00
Subtotal
$100,000.00
$13,000.00
$10,000.00
$15,000.00
Subtotal
Acreage: 24.8 Ac.
Quantity
$65.00
$80.00
$250.00
$75.00
$75.00
$95.00
$60.00
$250.00
$400,000.00
$20,000.00
$25,000.00
$25.00
$100,000.00
Unit
$2,000,000.00
$3,100,000.00
$400,000.00
$376,800.00
$500,000.00
$400,000.00
$600,000.00
Subtotal
Subtotal
Subtotal
Subtotal
$15,042,296.84
$11,374,137.50
$1,706,120.63
$1,962,038.72
$7,376,800.00
$1,842,500.00
$30,500.00
$475,450.00
$1,510,887.50
$138,000.00
500
6,750
400
2,000
1,000
2,000
2,000
300
1
1
1
600
1
Unit Cost
CY
LF
LF
SF
EA
CY
CY
Subtotal
Quantity
$20.00
$1,000.00
$400.00
$8.00
$10,000.00
$1,000.00
$30.00
15.0%
15.0%
100,000
3,100
1,000
47,100
50
400
20,000
Secondary Development Entry - Garden Ridge at IH-35 (INTERIM DEVELOPMENT ONLY)
Item
Allowance, monument signage, graphics, lighting
Speciman scale material, 20% shrub / GC
80% site area, includes spray irrigation
Tree up / down lighting
Description
Entry Monunment and Identification Signage
Entry Area Landscape
Entry Area Lawn - Irrigation
Landscape Lighting
Road A
Item
Description
Boulevard (2-25' B-B)
Inc. grading and drainage
Decorative Bridge over creek crossing
allowance at 1000 / lf x 100 feet
Median Paving
noses, concrete pavers
Decorative Pavers at intersections
assume concrete pavers at crosswalks at 2 intersections
Sidewalks / Trail
assume 8' width x 1500 lf plain gray
Street lighting - assume 200' o.c. both sides staggered
Trees - Canopy
Trees - Ornamental
Landscape - shrub / groundcover, incl. bed prep and spray irrigation
Lawn Areas - Hydroseed, incl. fine grade and spray irrigation
Signage - Regulatory, Way Finding, ALLOWANCE
Road B
Item
Description
Description
Description
Boulevard (2-25' B-B)
Inc. grading and drainage
Median Paving
noses, concrete pavers
Decorative Pavers at intersections
assume concrete pavers at crosswalks at 2 intersections
Sidewalks / Trail
assume 8' width x 1500 lf plain gray
Trees - Canopy
Trees - Ornamental
Landscape - shrub / groundcover, incl. bed prep and spray irrigation
Lawn Areas - Hydroseed, incl. fine grade and spray irrigation
Road E
Item
Landscape Enhancement, ALLOWANCE
Master Utilities - Phase 1
Item
8" Waterline
12" Waterline
8" Sewer
10" sewer
12" sewer
8" forcemain
3" Forcemain
Bulkhead / Promenade / Lake Dredging
Item
Lake Excavation
Lake Edge - Bulkhead type with cap, ave. top @ 526
Secondary Wall - TW @ 535, concrete, stone veneer, spread footing
Promenade Paving - ave. 12' width, architectural concrete or eq.
Courtesy Slips - Dock - 50 Slips
Breakwater (400 LF)
Lake Edge Grading
Near Promenade
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Development Entry
Description
Site Prep
Item
Selective clearing
Tree protection and fencing
Quantity
$5,000.00
$5,000.00
Unit Cost
AC
LS
Unit
$10,000.00
$5,000.00
Subtotal
Acreage: 4.1 Ac.
2
1
Unit
Subtotal
$15,000.00
Unit Cost
$120,000.00
$105,000.00
Subtotal
Quantity
CY
SF
3,558
Quantity
$80.00
$200.00
$4.00
Unit Cost
LF
SF
SF
Unit
$16,000.00
$871,200.00
$14,232.00
Subtotal
$225,000.00
$8.00
$2.00
6' Walk - 4" gray - WWM reinforced
200
4,356
$100,000.00
Subtotal
15,000
52,500
Stone gravity walls - allowance for grade
LS
Quantity
Unit Cost
Each
Each
SF
SF
Unit
$42,500.00
$16,250.00
$234,000.00
$84,000.00
Subtotal
Unit Cost
Unit
$50,000.00
Subtotal
$376,750.00
$850.00
$650.00
$6.50
$1.00
Quantity
LS
$1,918,409.30
$1,668,182.00
$250,227.30
$287,761.40
$50,000.00
$50,000.00
15.0%
15.0%
1
Subtotal
50
25
36,000
84,000
$1,001,432.00
$100,000.00
Allowance, monument signage, graphics, lighting
Description
Canopy
Accent Trees
Shrubs and Groundcovers - incl bed prep and mulch, irrigation
Lawn - includes fine grade, irrigation and hydroseed
Description
Subtotal
1
Description
Description
Clearing and Grubbing
Tree Protection
Grading
Item
Mass Grading, Lake Excavation, Berming
Landscape Grading and Berming
Hardscape
Item
Paving
Pedestrian Paving - Sidewalks from entry to resort
Walls and Fencing
Landscape Retaining Walls
Rockscape and Waterfalls
General Site Features
Planting & Landscape
Item
Softscape
Lighting
Item
Entry, Landscape and Accent Lighting
Flood Uplight
Spot Uplight
Signage Lighting
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Community Park
Description
Site Prep
Item
Selective clearing
Description
Tree Protection
Hardscape
Item
Allowance
Paving
Parking area paving - resurfacing, repair
Gray, 4" WWM reinforced, additions
Description
Allowance, steel with controls
Pedestrian Paving
Walls and Fencing
Security / Access gate to Marina operations
Item
Softscape
Canopy
Accent Trees
Shrubs and Groundcovers - incl bed prep and mulch
Lawn - patch, repair
Description
Lighting
Item
Allowance for upgrades
Description
Road and Parking Area Lighting
Signage
Item
Directional, Regulatory, and Informational Signage
Quantity
$10,000.00
$5,000.00
Unit Cost
SF
LS
Unit
$10,000.00
$5,000.00
Subtotal
Acreage: 7.0 Ac.
1
1
0
Quantity
$4.50
$20,000.00
Unit Cost
LS
SF
LS
Unit
$25,000.00
$97,650.00
$0.00
Subtotal
$15,000.00
21,700
$25,000.00
Subtotal
1
Unit Cost
Each
Each
SF
SF
Unit
$8,500.00
$6,500.00
$16,250.00
$2,000.00
Subtotal
$122,650.00
Quantity
$850.00
$650.00
$6.50
$0.40
Subtotal
10
10
2,500
5,000
Unit
Subtotal
$25,000.00
Subtotal
$33,250.00
Unit Cost
LS
$10,000.00
Subtotal
Quantity
$25,000.00
LS
Unit
$272,302.75
$205,900.00
$30,885.00
$35,517.75
$10,000.00
$25,000.00
1
$10,000.00
Unit Cost
Subtotal
1
15.0%
15.0%
Quantity
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Item
Selective clearing
Description
Site Prep
Tree Protection
Item
Allowance, temporary marketing signage, regulatory
Description
Signage
Quantity
$2,500.00
$5,000.00
Unit Cost
AC
LS
Unit
$37,500.00
$5,000.00
Subtotal
Acreage: 29.4 Ac.
15
1
Unit
Subtotal
$42,500.00
Unit Cost
Subtotal
Quantity
$10,000.00
$69,431.25
$52,500.00
$7,875.00
$9,056.25
$10,000.00
LS
Subtotal
$10,000.00
15.0%
15.0%
1
Total
Fee Allowance
Contingency
Grand Total
Marina
Item
Building, parking areas, curb and gutter, utility cap/remove
Selective clearing
Description
Site Prep / Grading / Drainage
Demolition and Debris Removal
Tree Protection
Pole Lights - 18'
Description
Canopy
Accent Trees
Shrubs and Groundcovers - incl. bed prep, irrigation & mulch
Lawn - includes fine grade, irrigation & hydroseed
Description
Asphalt top course, restripe included
Gray Concrete - 8" steel reinforced
4" Concrete - Plain Gray - WWM
5" steel reinforced
Description
by Marina Operator
by Marina Operator
by Marina Operator
by Marina Operator
Vertical Improvements / Relocate Marina Slips
Marina Office Building
Marina Maintenance Building
Boathouse Move to Tower Bay Cove
Add Floating Restrooms / Showers at boat houses
Hardscape
Item
Paving
Parking Area Paving - New per space, incl. grading
Parking Area Paving - Resurface Existing per space,
asphalt and striping
Maintenance Building parking / service area
Pedestrian Walks
Grass-crete Parking
Item
Softscape
Lighting
Item
Road and Parking Area Lighting
Landscape and Accent Lighting
Signage
Description
2,000
10
5
1
Quantity
$980,000.00
$460,000.00
$125.00
$2,000.00
$2,500.00
$5,000.00
Unit Cost
Unit
AC
AC
LS
Unit
$300,000.00
Subtotal
$20,000.00
$12,500.00
$5,000.00
Subtotal
Acreage: 20.0 Ac.
1
1
Unit Cost
EA
$45,100.00
$42,000.00
$67,500.00
$312,000.00
Subtotal
Subtotal
$766,600.00
$1,690,000.00
$250,000.00
$0.00
$980,000.00
$460,000.00
$37,500.00
Quantity
$1,500.00
SY
SF
SF
EA
Subtotal
200
$5.50
$6.00
$4.50
$960.00
Unit
Subtotal
Unit Cost
$85,000.00
$32,500.00
$487,500.00
$175,000.00
SF
SF
SF
SF
8,200
7,000
15,000
325
Quantity
Each
Each
SF
SF
Quantity
$5,000.00
Unit Cost
LS
LS
Unit
$25,000.00
$100,000.00
Subtotal
$780,000.00
$850.00
$650.00
$6.50
$1.00
20
$25,000.00
Subtotal
100
50
75,000
175,000
1
Subtotal
$125,000.00
Unit
Subtotal
Unit Cost
Quantity
Item
$25,000.00
$4,590,529.75
$3,471,100.00
$520,665.00
$598,764.75
$47,000.00
$25,000.00
LS
Subtotal
1
$25,000.00
Marina Area - Directional, Regulatory, and Informational SAllowance
Site Furnishings
Site Furnishings
$2,200.00
$2,500.00
$22,000.00
$25,000.00
10
10
15.0%
15.0%
Each
Each
Trash Urns
Benches
Move Slips
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Rental Marina and Service Site
Description
Site Prep
Item
Selective clearing
Trash Urns
Benches
Description
Description
Canopy
Accent Trees
Shrubs and Groundcovers - incl bed prep and mulch
Lawn - patch and repair
Description
Custom Monuments and ID Signage
Resurface, patch and repair
Gray, 4" WWM Reinforced
Description
by Marina Operator
by Marina Operator
Description
Tree Protection
Grading
Item
Site Grading
Vertical Improvements
Gas Dock - relocation and new construction - incl. new
gas tank, floating restroom, water, sewer, electric
Rental Slips
Hardscape
Item
Paving
Parking Area Paving Upgrades
Pedestrian Paving
Item
Softscape
Lighting
Item
Road and Path Lighting
Signage
Item
Site Furnishings
Resort Site Furnishings
Quantity
$2,500.00
$5,000.00
Unit Cost
AC
LS
Unit
$2,500.00
$5,000.00
Subtotal
Acreage: 2.0 Ac.
1
1
Unit
$70,000.00
Subtotal
$7,500.00
Unit Cost
SF
Subtotal
Quantity
$2.00
$70,000.00
$295,000.00
$100,000.00
Unit
$9,325.00
$33,200.00
Subtotal
LS
LS
35,000
Subtotal
$295,000.00
$10,000.00
Unit Cost
SF
SF
$5,000.00
1
10
Quantity
$1.00
$4.00
LS
$395,000.00
9,325
8,300
$5,000.00
Subtotal
1
Unit Cost
Each
Each
SF
SF
Unit
$8,500.00
$6,500.00
$13,000.00
$10,000.00
Subtotal
$47,525.00
Quantity
$850.00
$650.00
$6.50
$1.00
Subtotal
10
10
2,000
10,000
Unit
$25,000.00
$10,000.00
Subtotal
$38,000.00
Unit Cost
LS
LS
Subtotal
Subtotal
Quantity
$25,000.00
$10,000.00
Unit
$5,000.00
$821,966.81
$621,525.00
$93,228.75
$107,213.06
$23,500.00
$11,000.00
$12,500.00
$5,000.00
$35,000.00
1
1
Unit Cost
LS
Subtotal
Quantity
$5,000.00
Subtotal
$2,200.00
$2,500.00
15.0%
15.0%
Each
Each
1
5
5
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Slalom Shop Parcel
Description
Item
Parking areas, curb and gutter at transitions to new road
Selective clearing
Description
Plain Gray - 5" steel reinforced
Accent paving at key locations
Gray concrete sidewalks - 4" WWM reinforced
Description
by Slalom Shop operator
Demolition and Debris Removal
Tree Protection
Slalom Shop Façade Renovation
Hardscape
Item
Paving
New Drives, transitions
Pedestrian Special Paving
Pedestrian Paving
Walls and Fencing
Item
Softscape
Description
Canopy
Accent Trees
Shrubs and Groundcovers - Allowance incl bed prep and mulch
Lawn - patch, repair
Item
Allowance
Allowance
Lighting
Parking area lighting
Item
incl. relocation of existing sign - Allowance
Description
Signage
Upgrade Building Signage
Unit Cost
LS
AC
LS
Unit
$0.00
$2,500.00
$5,000.00
Subtotal
Acreage: 4.8 Ac.
Quantity
$0.00
$2,500.00
$5,000.00
$7,500.00
$75,000.00
Subtotal
LS
1
1
1
Subtotal
$75,000.00
Unit
$19,800.00
$3,600.00
$1,800.00
1
Unit Cost
SF
SF
SF
$75,000.00
Quantity
$3.00
$18.00
$4.50
Subtotal
6,600
200
400
Unit Cost
Each
Each
SF
SF
Unit
$8,500.00
$6,500.00
$9,750.00
$2,000.00
Subtotal
$25,200.00
Quantity
$850.00
$650.00
$6.50
$0.40
Subtotal
10
10
1,500
5,000
Unit Cost
LS
LS
Unit
$25,000.00
$10,000.00
Subtotal
$26,750.00
Quantity
$25,000.00
$10,000.00
Subtotal
1
1
Unit
Subtotal
$35,000.00
Unit Cost
$50,000.00
Subtotal
Quantity
LS
$219,450.00
$32,917.50
$37,855.13
$290,222.63
15.0%
15.0%
$50,000.00
$50,000.00
Subtotal
1
Total
Fee Allowance
Contingency
Grand Total
Restaurant Complex
Quantity
Unit Cost
AC
LS
CY
LS
Unit
$21,000.00
$25,000.00
$120,000.00
$25,000.00
Subtotal
Acreage: 5.0 Ac.
Description
$5,000.00
$25,000.00
$6.00
$25,000.00
Item
4.2
1
20,000
1
$4,800,000.00
$528,000.00
$191,000.00
Selective clearing
Cut and fill balance - above bulkhead walls
From civil inlets through landscape areas
Subtotal
Tree Protection
Mass Grading
Landscape Drainage
Three at 8,000 SF each
2,500
300
15,267
3,213
2,545
Quantity
$125.00
$60.00
$2,500.00
$25.00
$1,500.00
$18.00
$4.00
$35.00
Unit Cost
EA
SF
EA
LF
LF
Each
SF
EA
SF
SF
SF
Unit
Subtotal
$20,000.00
$53,600.00
$20,000.00
$108,750.00
$24,000.00
$5,000.00
$62,500.00
$450,000.00
$274,806.00
$12,852.00
$89,075.00
Subtotal
$5,328,000.00
870
400
2
$10,000.00
$40.00
$10,000.00
Unit
$50,000.00
SF
SF
$200.00
$22.00
2
1,340
2
Unit Cost
LS
Subtotal
Subtotal
Quantity
$50,000.00
Unit
$15,000.00
$170,000.00
$65,000.00
$97,500.00
$37,000.00
Description
Allowance for Pottery
Canopy
Accent Trees
Shrubs/GC - includes bed prep, mulch & irrigation, installed
Lawn - incl. irrigation and hydroseed
Description
Item
Fountains and Water Features
Restaurant arrival - porte cochere-stone paving on slab
300 spaces +/-, plain gray
Integral colored concrete
Concrete (cast on ground) with sTone tread
CMU retaining wall with stone cladding
Wood fence at service areas
Service/Emergency vehicle access
1
Unit Cost
Each
Each
SF
SF
Subtotal
Subtotal
Subtotal
$45,000.00
$50,000.00
$45,000.00
$384,500.00
LS
$0.00
Subtotal
$81,000.00
LS
Unit
Subtotal
Unit Cost
Quantity
$1,120,583.00
Quantity
$850.00
$650.00
$6.50
$1.00
LS
$36,000.00
Subtotal
Timber structure
Fireplace and Chimney
200
100
15,000
37,000
$15,000.00
LS
Unit
Description
24,000
24,000
Restaurants
Restaurant FFE
Hardscape
Item
Paving
Walls and Fencing
Vehicular Special Paving Type I
Parking Area Paving
Pedestrian Paving
Stairs
Site Retaining Walls
Screen Fence
Vehiular Gate
Entry Identification Signage
Trellis Features
Outdoor Fireplace
1
$36,000.00
Unit Cost
Allowance
Water Features and Pools
1
Description
Flood Downlights
Spot Dlownlights
Path Light
Step Light (Tread)
Step Light (Wall)
Parking Area Light - 18'
Flood Uplight
Flag Pole Uplight
Flush Mount Uplight
Sconce
Bollard
Signage Lighting
Pool and Waterfeature Lighting
Outdoor Speakers
Description
$30,000.00
$9,652,905.02
$7,298,983.00
$1,094,847.45
$1,259,074.57
$113,900.00
$30,000.00
LS
Subtotal
$30,000.00
1
$26,400.00
$37,500.00
$50,000.00
$2,200.00
$2,500.00
$2,000.00
15.0%
15.0%
Each
Each
Each
12
15
25
1
Quantity
Restaurant Patio Area Fountain Features
Item
Softscape
Pottery and Potted Plants
Lighting
Item
Restaurant Complex Audio System
Signage
Item
Restaurant Complex Directional, Informational, and Regulatory Signage
Site Furnishings
Site Furnishings
Trash Urns
Benches
Umbrellas
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Tower Bay Site
Quantity
Unit Cost
Unit
$38,500.00
$15,400.00
$25,000.00
$90,000.00
$40,000.00
Subtotal
Acreage: 7.7 Ac.
Description
AC
AC
LS
CY
Item
Remove existing paving, etc
Selective clearing
$5,000.00
$2,000.00
$25,000.00
$6.00
$40,000.00
1250
1
Quantity
2
1,300
1
1,900
70
200
5,000
33,600
800
3,000
Quantity
Unit Cost
$100.00
$50,000.00
Unit Cost
$10,000.00
$40.00
$5,000.00
$200.00
$200.00
$1,500.00
$18.00
$4.00
$35.00
$9.00
Unit Cost
Each
Each
SF
SF
Unit
SF
Each
Unit
EA
SF
EA
LF
LF
EA
SF
SF
SF
SF
Unit
SF
Subtotal
$2,500.00
$32,500.00
$13,500.00
$183,300.00
$112,800.00
Subtotal
$125,000.00
$50,000.00
Subtotal
$20,000.00
$52,000.00
$5,000.00
$380,000.00
$14,000.00
$300,000.00
$90,000.00
$134,400.00
$28,000.00
$27,000.00
Subtotal
$15,275,000.00
Description
Resort style community pool
Custom-Heated
Description
Canopy
Accent Trees
Subtotal
Subtotal
Subtotal
$50,000.00
$1,050,400.00
$175,000.00
$50,000.00
$344,600.00
LS
$100,000.00
Subtotal
Subtotal
$15,275,000.00
Quantity
$650.00
$450.00
$6.50
$1.00
LS
$50,000.00
$208,900.00
7.7
7.7
1
15,000
1
$65.00
Concrete, plain gray, 200+ spaces
Plain gray concrete
Concrete (cast on ground) with stone tread
Integral colored concrete with exposed aggregate finish
50
30
28,200
112,800
$2,500.00
LS
Unit
Subtotal
CMU wall with stucco finish
1
$50,000.00
Unit Cost
Description
Timber structure
Stone surround and knee wall
1
Description
Flood Downlights
Spot Dlownlights
Path Light
Step Light (Tread)
Step Light (Wall)
Parking Area Light - 18'
1
Quantity
Subtotal
Demolition - Site Clearing
Tree Protection
Mass Grading
Storm Drainage
235,000
Stick Frame construction - tuck under parking
MF Units (200) - Ave. 1000 SF
Hardscape
Item
Paving
Parking Area Paving
Pedestrian Paving
Stairs
Pool Deck Paving
Walls and Fencing
Free Standing Scree Walls
Entry Monument and Identification Signage
Trellis Shade Structure at Pool
Firepits
Item
Pools and Spas
Community Pool
Spa
Item
Softscape
Lighting
Item
Flood Uplight
Flag Pole Uplight
Flush Mount Uplight
Sconce
Bollard
Signage Lighting
Unit
Quantity
Unit Cost
Description
Signage
Item
$20,000.00
$21,844,526.00
$17,268,400.00
$2,590,260.00
$1,985,866.00
$94,500.00
$20,000.00
LS
1
Subtotal
ALLOWANCE
$20,000.00
Pool Area Site Furnishings
Site Furnishings
$375.00
$2,200.00
$2,500.00
$2,000.00
$200.00
$7,500.00
$30,000.00
$8,800.00
$20,000.00
$12,000.00
$1,200.00
$22,500.00
80
4
8
6
6
3
15.0%
10.0%
Each
Each
Each
Each
Each
Each
Pool Lounges
Trash Urns
Benches
Umbrellas
Side Tables
Shade Structure
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Resort Hotel and Conference Center Site
Description
Item
Unit Cost
Unit
$75,000.00
$250,000.00
$60,000.00
$25,000.00
$360,000.00
$50,000.00
$183,000.00
Subtotal
Acreage: 26.9 Ac.
Quantity
SF
SF
AC
LS
CY
LS
SY
$1,003,000.00
$10.00
$10.00
$5,000.00
$25,000.00
$6.00
$50,000.00
$30.00
Subtotal
$33,065,350.00
$9,511,950.00
$2,540,160.00
39,000
10,750
8,000
44,300
2,700
15,000
Quantity
$25,000.00
$40.00
$12,500.00
$15,000.00
$125.00
$125.00
$250.00
$3.00
$25.00
$18.00
$7.50
$35.00
$9.00
Unit Cost
Unit
LS
SF
Each
Each
LF
LF
LF
SF
SF
SF
SF
SF
SF
Unit
$300,000.00
$180,000.00
$90,000.00
$50,000.00
$10,500.00
$22,500.00
$175,000.00
$6,000.00
Subtotal
$25,000.00
$100,000.00
$187,500.00
$45,000.00
$306,250.00
$300,000.00
$100,000.00
$117,000.00
$268,750.00
$144,000.00
$332,250.00
$94,500.00
$135,000.00
Subtotal
$45,117,460.00
2,450
2,400
400
Unit Cost
SF
SF
SF
Each
Each
Each
LS
Each
$120,000.00
$250,000.00
SF
SF
SF
7,500
25,000
12
1
60,000
1
6,100
$146.00
$42.00
$30.00
1
2,500
15
3
$120.00
$120.00
$120.00
$50,000.00
$3,500.00
$7,500.00
$175,000.00
$1,500.00
Each
SF
Subtotal
Subtotal
Plain Gray - 50 Spots - 5" thick
Hotel main arrival - stone paving on slab
Integral colored concrete with exposed aggregate finish
Quantity
$20,000.00
$125.00
Unit
$90,000.00
$272,000.00
$104,000.00
$12,000.00
$520,000.00
$440,000.00
$185,500.00
226,475
226,475
84,672
Boulder gravity walls - Ht. varies
CMU wall with stucco finish
2,500
1,500
750
1
3
3
1
4
Unit Cost
Each
Each
Each
SF
SF
SF
Subtotal
Item
Description
Custom-Heated
Softscape
80%
Canopy
Accent Trees
Palms
Shrubs and Groundcovers(20%) - includes bed prep & mulch
Lawn (80%)- incl fine grade and hydroseed
Structured Turf
Grasspave or eq.
Subtotal
$175,000.00
Subtotal
1
$1,204,000.00
$175,000.00
$1,623,500.00
LS
$0.00
Unit Cost
Unit
$80,000.00
Subtotal
$350,000.00
LS
Quantity
LS
$64,852,692.15
$51,975,710.00
$4,417,935.35
$8,459,046.80
$442,500.00
$105,000.00
$55,000.00
$62,500.00
$100,000.00
$20,000.00
$25,000.00
$75,000.00
$80,000.00
$80,000.00
Subtotal
1
$350.00
$2,200.00
$2,500.00
$2,000.00
$200.00
$25,000.00
$7,500.00
8.5%
15.0%
Each
Each
Each
Each
Each
LS
Each
300
25
25
50
100
1
10
Subtotal
$2,155,250.00
6
2000
$850.00
$650.00
$600.00
$6.50
$1.00
$7.00
LS
$175,000.00
Subtotal
Timber structure
Timber stucture include cover, drapery, and utility connections
Quantity
$90,000.00
LS
Unit
Description
320
160
20
80,000
440,000
26,500
Unit Cost
Description
Resort Hotel Building
Demolition and Debris Removal - Marina Office and Main Building, parking areas, curb and gutter, utility cap/remove
Demolition and Debris Removal - Sneaky Petes
Building, parking areas, curb and gutter, utility cap/remove
Selective clearing
Tree Protection
Grading
Landscape Drainage
Hotel Entry Road
Includes paving (7" thick)
Hotel (300 Keys)
Hotel FFE
Garage (Hotel)
Hardscape
Paving
Item
Walls and Fencing
Parking (surface) Area Paving
Vehicular Special Paving Type II
Pedestrian Paving
Stairs
Pool Deck Paving
Pool Area Retaining Walls
Free Standing Screen Walls
Resort Entry Monunment and Identification Signage
Trellis Features
Feature Cabanas
Firepits
Pools and Spas
Item
Main/Active Pool
Spa/Quiet Pool
Kid's Pool
Spa
Pool Shower
Chair Lift
Pool Fence
Pool Gates
Resort Area Fountains
Rockscape and Waterfalls
1
$175,000.00
1
Quantity
Description
Outdoor Speakers
Flood Uplight
Spot Uplight
Bracket Mount Light
Flag Pole Uplight
Flush Mount Uplight
Sconce
Bollard
Signage Lighting
Flood Downlights
Spot Dlownlights
Path Light
Step Light (Tread)
Step Light (Wall)
Street Light - 12'
Street Light - 18'
Description
Lighting
Item
Resort Area Audio System
Signage
Item
Resort Area - Directional, Regulatory, and Informational Signage
Site Furnishings
Pool Lounges
Trash Urns
Benches
Umbrellas
Side Tables
Towel Kiosk
Shade Structure
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Resort Hotel and Conference Center Site
Description
Item
Description
Spa and conference arrivals-arch. concrete paving
Description
Demolition and Debris Removal - Marina Office and Main Building, parking areas, curb and gutter, utility cap/remove
Selective clearing
Grading
Conference Center
Conference FFE
Garage (Conference)
Hardscape
Item
Paving
Vehicular Special Paving Type I
Pedestrian Paving
Item
20%
Canopy
Accent Trees
Palms
Shrubs and Groundcovers(20%) - includes bed prep & mulch
Lawn (80%)- incl fine grade and hydroseed
Structured Turf
Grasspave or eq.
Softscape
Description
Signage
Item
Unit Cost
SF
AC
CY
Unit
$25,000.00
$15,000.00
$120,000.00
Subtotal
Acreage: 26.9 Ac.
Quantity
$10.00
$5,000.00
$6.00
$160,000.00
$8,249,000.00
$2,373,000.00
$483,840.00
Subtotal
SF
SF
SF
2,500
3
20,000
Subtotal
$146.00
$42.00
$30.00
Unit
$163,800.00
$36,000.00
$75,000.00
56,500
56,500
16,128
Unit Cost
SF
SF
SF
$11,105,840.00
Quantity
$12.00
$18.00
$7.50
Subtotal
13,650
2,000
10,000
Quantity
$850.00
$650.00
$600.00
$6.50
$1.00
$7.00
Unit Cost
LS
Each
Each
Each
SF
SF
SF
Unit
$10,000.00
$68,000.00
$26,000.00
$3,000.00
$130,000.00
$110,000.00
$0.00
Subtotal
$274,800.00
80
40
5
20,000
110,000
0
$10,000.00
Subtotal
1
Unit
Subtotal
$347,000.00
Unit Cost
$20,000.00
Subtotal
Quantity
LS
$14,857,757.81
$11,907,640.00
$1,012,149.40
$1,937,968.41
$20,000.00
$20,000.00
8.5%
15.0%
1
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Description
Description
Development Common Areas
Road C (Phase 2)
Item
Collector (37' B-B)
Asphalt Overlay
Item
Constructed by TxDOT, charged to the development project
Master Utilities (Phase 2)
12" Waterline
Quantity
$575.00
$50.00
$4,500.00
$50,000.00
$10,000.00
Unit Cost
LF
LF
EA
LS
LS
Unit
$218,500.00
$90,000.00
$90,000.00
$50,000.00
$10,000.00
Subtotal
Acreage: 24.8 Ac.
380
1,800
20
1
1
Unit
Subtotal
$240,000.00
Unit Cost
$112,000.00
Subtotal
Quantity
LF
$465,520.00
$352,000.00
$52,800.00
$60,720.00
$112,000.00
$80.00
15.0%
15.0%
1,400
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Resort Lodge and Cabins
Description
Item
Selective clearing
2
1
0
1
1
Quantity
$160.00
$125.00
$22.00
$5,000.00
$10,000.00
$0.00
$20,000.00
$10,000.00
Unit Cost
AC
LS
CY
Unit
$10,000.00
$10,000.00
$0.00
$20,000.00
$10,000.00
Subtotal
Acreage: 6.1 Ac.
LS
$1,920,000.00
$1,650,000.00
$550,000.00
Quantity
$125.00
$4.50
$10.00
$25.00
$18.00
$4.00
$35.00
Unit Cost
Each
SF
Each
Each
LF
SF
LF
SF
SF
SF
SF
Unit
$9,750.00
$41,275.00
$6,000.00
Subtotal
$25,000.00
$40,000.00
$50,000.00
$10,000.00
$31,250.00
$51,435.00
$7,200.00
$50,000.00
$56,700.00
$40,000.00
$7,000.00
Subtotal
$4,120,000.00
$50,000.00
SF
SF
SF
11,430
720
2,000
3,150
10,000
200
$25,000.00
$40.00
$12,500.00
$5,000.00
Unit
$75,000.00
Subtotal
Subtotal
12,000
13,200
25,000
250
Unit Cost
LS
Each
SF
SF
Description
Plain gray
Plain gray
Arrival Court - stone paving on slab
1
1,000
4
2
$650.00
$6.50
$0.40
LS
Unit
$75,000.00
Subtotal
$132,025.00
$75,000.00
$50,000.00
Unit Cost
LS
1
$50,000.00
Subtotal
$125,000.00
Unit
Subtotal
Unit Cost
Quantity
$25,000.00
$6,535,940.48
$4,942,110.00
$741,316.50
$852,513.98
$121,500.00
$25,000.00
LS
Subtotal
$25,000.00
1
$11,000.00
$12,500.00
$20,000.00
$3,000.00
$75,000.00
$2,200.00
$2,500.00
$2,000.00
$200.00
$7,500.00
15.0%
15.0%
Each
Each
Each
Each
Each
5
5
10
15
10
1
Quantity
Subtotal
$368,585.00
Quantity
$75,000.00
Accent Trees
Shrubs and Groundcovers(30%) - incl bed prep and mulch
Lawn(70%) - incl fine grade and hydroseed
Description
Flood Downlights
Spot Dlownlights
Path Light
Step Light (Tread)
Step Light (Wall)
Street Light - 18'
Flood Uplight
Spot Uplight
Bollard
Signage Lighting
Description
Subtotal
Timber structure
Timber stucture include cover, drapery, and utility connections
1
15
6,350
15,000
Description
Guest club, check-in, restaurant
11 at 1200 SF each
Tree Protection
Mass Grading
Storm Drainage
Landscape Drainage
Lodge
Cabins
FFE
Hardscape
Item
Paving
Parking Area Paving - Surface
Parking Area and Drive curb and gutter
Vehicular Special Paving
Pedestrian Paving
Stairs
Walls and Fencing
Resort Entry Monunment and Identification Signage
Trellis Features
Feature Cabanas
Firepits
Item
Softscape
Interior Planting
Lighting
Item
Signage
Item
Site Furnishings
Trash Urns
Benches
Umbrellas
Side Tables
Shade Structure
Subtotal
Total
Fee Allowance
Contingency
Grand Total
Description
Development Common Areas
Road D (Phase 3)
Item
Unit Cost
Unit
Subtotal
Acreage: 24.8 Ac.
Quantity
$22,500.00
$25,000.00
$5,000.00
$69,431.25
$52,500.00
$7,875.00
$9,056.25
$52,500.00
EA
LS
LS
Subtotal
$4,500.00
$25,000.00
$5,000.00
15.0%
15.0%
5
1
1
Total
Fee Allowance
Contingency
Grand Total
DCTA / TOD Site
Description
Item
Selective clearing
6' below bldg. - For garage
Description
Flood Uplight
Spot Uplight
Flag Pole Uplight
Flush Mount Uplight
Sconce
Bollard
Signage Lighting
Flood Downlights
Spot Dlownlights
Path Light
Step Light (Wall)
Street Light - 18'
Description
Canopy
Accent Trees
Description
Includes pool, amenity deck, cabanas, landscape
Description
Sign wall
Plain gray
Plain gray
Drop-off / arrival areas - stone paving on slab
Concrete (cast on ground) with sTone tread
Description
Stick Frame construction -covered parking
Concrete Podium
Mass Grading
Storm Drainage
Landscape Drainage
Architecture
MF Units (120) - Ave. 1000 SF
Garage
Hardscape
Item
Paving
Park @ 1.5/unit - Parking Area Paving - Surface
Parking Area and Drive curb and gutter
Vehicular Special Paving
Pedestrian Paving
Stairs
Temp. Asphalt Parking
Walls and Fencing
Entry Wall
Item
Pool / Amenity Terrace over parking
Item
Softscape
Lighting
Item
Signage
Item
Site Furnishings
Trash Urns
Benches
Unit Cost
AC
CY
LS
LS
Unit
$5,000.00
$90,000.00
$15,000.00
$10,000.00
Subtotal
Acreage: 4.6 Ac.
Quantity
$5,000.00
$6.00
$15,000.00
$10,000.00
$120,000.00
$11,200,000.00
$2,160,000.00
Unit
$51,435.00
$7,200.00
$125,000.00
$84,006.00
$6,480.00
$29,050.00
$162,500.00
Subtotal
$13,360,000.00
Unit Cost
SF
LF
SF
SF
SF
SF
SY
$25,000.00
SF
SF
1
15,000
1
1
Subtotal
$80.00
$40.00
Quantity
$4.50
$10.00
$25.00
$18.00
$4.00
$35.00
$25.00
EA
Subtotal
11,430
720
5,000
4,667
1,620
830
6,500
$25,000.00
140,000
54,000
1
1
Quantity
Unit Cost
$400,000.00
Unit Cost
Each
Each
SF
SF
Unit
LS
Unit
Subtotal
$10,000.00
$42,500.00
$19,500.00
$143,000.00
$88,000.00
Subtotal
$400,000.00
Subtotal
$490,671.00
Quantity
$850.00
$650.00
$6.50
$1.00
LS
$50,000.00
Subtotal
50
30
22,000
88,000
$10,000.00
LS
Unit
Subtotal
$50,000.00
LS
$50,000.00
$303,000.00
$400,000.00
1
$50,000.00
Unit Cost
Subtotal
1
Quantity
1
Subtotal
$100,000.00
Unit
Subtotal
Unit Cost
Quantity
$25,000.00
$19,618,852.40
$14,834,671.00
$2,225,200.65
$2,558,980.75
$36,000.00
$25,000.00
LS
Subtotal
$25,000.00
1
$11,000.00
$25,000.00
$2,200.00
$2,500.00
15.0%
15.0%
Each
Each
5
10
Subtotal
Total
Fee Allowance
Contingency
Grand Total
CITY OF LEWISVILLE - LAKE SECTOR
DEVELOPMENT & OPERATING MODEL
Restaurant Sales
KEY DATES
Initial vs Expa Cost
NA
NA
NA
NA
Item (Initial=1; Expan=2)
Analysis Begins
First Funding
Begin Operations Period
Sale
Food
Period Chng
Qtrly
Sales $
9
$ 500,000
13
$ 515,000
17
$ 530,450
21
$ 546,364
25
$ 562,754
29
$ 579,637
$ 597,026
33
37
$ 614,937
41
$ 633,385
45
$ 652,387
49
$ 671,958
53
$ 692,117
57
$ 712,880
61
$ 734,267
$ 756,295
65
69
$ 778,984
73
$ 802,353
77
$ 826,424
81
$ 851,217
85
$ 876,753
89
$ 903,056
93
$ 930,147
97
$ 958,052
101
$ 986,793
105
$ 1,016,397
109
$ 1,046,889
113
$ 1,078,296
117
$ 1,110,645
% Rate
Change
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
SALES RATES
Alcohol
Period Chng
Qtrly
% Rate
Sales $
Change
9
$ 250,000
13
$ 257,500
3.00%
17
$ 265,225
3.00%
21
$ 273,182
3.00%
25
$ 281,377
3.00%
29
$ 289,819
3.00%
33
$ 298,513
3.00%
37
$ 307,468
3.00%
41
$ 316,693
3.00%
45
$ 326,193
3.00%
49
$ 335,979
3.00%
53
$ 346,058
3.00%
57
$ 356,440
3.00%
61
$ 367,133
3.00%
65
$ 378,147
3.00%
69
$ 389,492
3.00%
73
$ 401,177
3.00%
3.00%
77
$ 413,212
81
$ 425,608
3.00%
85
$ 438,377
3.00%
89
$ 451,528
3.00%
93
$ 465,074
3.00%
3.00%
97
$ 479,026
101
$ 493,397
3.00%
105
$ 508,199
3.00%
109
$ 523,444
3.00%
113
$ 539,148
3.00%
117
$ 555,322
3.00%
Start Date
1
1
9
120
End Date
NA
NA
Other
Qtrly
Sales $
Period Chng
9
13
17
21
25
29
33
37
41
45
49
53
57
61
65
69
73
77
81
85
89
93
97
101
105
109
113
117
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Lngth (Qtrs)
Jan-14
#N/A
#N/A
#N/A
% Rate
Change
-
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
Property Name:
Section:
City:
State:
DEAL INFORMATION
Restaurant Sales
Lewisville Sq Feet
24,000
Texas
# of Restaruants
3
CITY TAX RATES
Sales Tax - Food
1.00%
Sales Tax - Alcohol 1.16%
Sales Tax - Other
0.00%
SUMMARY
Sales
Rooms
257,585,535
Food & Beverage
128,792,768
Other
Total Sales
386,378,303
Sales Taxes
Rooms
2,575,855
1,493,996
Food & Beverage
Other
Total Sales Taxes
4,069,851
Restaurant Sales
Annual Projection
11/27/2012
Income
Food Sales
Alchol Sales
Other Sales
Total Income
Restaurants Sales
1
2014
2
2015
-
-
3
2016
4
2017
5
2018
6
2019
7
2020
8
2021
9
2022
10
2023
11
2024
12
2025
13
2026
14
2027
15
2028
6,000,000
3,000,000
9,000,000
6,180,000
3,090,000
9,270,000
6,365,400
3,182,700
9,548,100
6,556,362
3,278,181
9,834,543
6,753,053
3,376,526
10,129,579
6,955,644
3,477,822
10,433,467
7,164,314
3,582,157
10,746,471
7,379,243
3,689,622
11,068,865
7,600,620
3,800,310
11,400,931
7,828,639
3,914,320
11,742,959
8,063,498
4,031,749
12,095,247
8,305,403
4,152,702
12,458,105
8,554,565
4,277,283
12,831,848
11/27/20125:32 PM
CITY OF LEWISVILLE - L
Restaurant Sales
Annual Projection
Income
Food Sales
Alchol Sales
Other Sales
Total Income
Restaurants Sales
16
2029
17
2030
18
2031
19
2032
20
2033
21
2034
22
2035
23
2036
24
2037
25
2038
26
2039
27
2040
28
2041
29
2042
30
2043
8,811,202
4,405,601
13,216,803
9,075,538
4,537,769
13,613,308
9,347,804
4,673,902
14,021,707
9,628,239
4,814,119
14,442,358
9,917,086
4,958,543
14,875,629
10,214,598
5,107,299
15,321,898
10,521,036
5,260,518
15,781,554
10,836,667
5,418,334
16,255,001
11,161,767
5,580,884
16,742,651
11,496,620
5,748,310
17,244,931
11,841,519
5,920,760
17,762,279
12,196,765
6,098,382
18,295,147
12,562,668
6,281,334
18,844,001
12,939,548
6,469,774
19,409,321
13,327,734
6,663,867
19,991,601
Total
257,585,535
128,792,768
386,378,303
11/27/20125:32 PM
Restaurant Sales
11/27/2012
Quarter
Income
Food Sales
Alchol Sales
Other Sales
Total Sales
Sales Taxes
Food Sales
Alchol Sales
Other Sales
Total Sales Taxes
Restaurants Sales
1
1
1.14
2
2
2.14
3
3
3.14
4
4
4.14
5
5
1.15
6
6
2.15
7
7
3.15
8
8
4.15
9
9
1.16
10
10
2.16
11
11
3.16
12
12
4.16
13
13
1.17
14
14
2.17
15
15
3.17
16
16
4.17
17
17
1.18
18
18
2.18
-
-
-
-
-
-
-
-
1,500,000
750,000
2,250,000
1,500,000
750,000
2,250,000
1,500,000
750,000
2,250,000
1,500,000
750,000
2,250,000
1,545,000
772,500
2,317,500
1,545,000
772,500
2,317,500
1,545,000
772,500
2,317,500
1,545,000
772,500
2,317,500
1,591,350
795,675
2,387,025
1,591,350
795,675
2,387,025
-
-
-
-
-
-
-
-
15,000
8,700
23,700
15,000
8,700
23,700
15,000
8,700
23,700
15,000
8,700
23,700
15,450
8,961
24,411
15,450
8,961
24,411
15,450
8,961
24,411
15,450
8,961
24,411
15,914
9,230
25,143
15,914
9,230
25,143
11/27/2012 5:32 PM
Restaurant Sales
11/27/2012
Quarter
Income
Food Sales
Alchol Sales
Other Sales
Total Sales
Sales Taxes
Food Sales
Alchol Sales
Other Sales
Total Sales Taxes
Restaurants Sales
19
19
3.18
20
20
4.18
21
21
1.19
22
22
2.19
23
23
3.19
24
24
4.19
25
25
1.20
26
26
2.20
27
27
3.20
28
28
4.20
29
29
1.21
30
30
2.21
31
31
3.21
32
32
4.21
33
33
1.22
34
34
2.22
35
35
3.22
36
36
4.22
1,591,350
795,675
2,387,025
1,591,350
795,675
2,387,025
1,639,091
819,545
2,458,636
1,639,091
819,545
2,458,636
1,639,091
819,545
2,458,636
1,639,091
819,545
2,458,636
1,688,263
844,132
2,532,395
1,688,263
844,132
2,532,395
1,688,263
844,132
2,532,395
1,688,263
844,132
2,532,395
1,738,911
869,456
2,608,367
1,738,911
869,456
2,608,367
1,738,911
869,456
2,608,367
1,738,911
869,456
2,608,367
1,791,078
895,539
2,686,618
1,791,078
895,539
2,686,618
1,791,078
895,539
2,686,618
1,791,078
895,539
2,686,618
15,914
9,230
25,143
15,914
9,230
25,143
16,391
9,507
25,898
16,391
9,507
25,898
16,391
9,507
25,898
16,391
9,507
25,898
16,883
9,792
26,675
16,883
9,792
26,675
16,883
9,792
26,675
16,883
9,792
26,675
17,389
10,086
27,475
17,389
10,086
27,475
17,389
10,086
27,475
17,389
10,086
27,475
17,911
10,388
28,299
17,911
10,388
28,299
17,911
10,388
28,299
17,911
10,388
28,299
11/27/2012 5:32 PM
Restaurant Sales
11/27/2012
Quarter
Income
Food Sales
Alchol Sales
Other Sales
Total Sales
Sales Taxes
Food Sales
Alchol Sales
Other Sales
Total Sales Taxes
Restaurants Sales
37
37
1.23
38
38
2.23
39
39
3.23
40
40
4.23
41
41
1.24
42
42
2.24
43
43
3.24
44
44
4.24
45
45
1.25
46
46
2.25
47
47
3.25
48
48
4.25
49
49
1.26
50
50
2.26
51
51
3.26
52
52
4.26
53
53
1.27
54
54
2.27
1,844,811
922,405
2,767,216
1,844,811
922,405
2,767,216
1,844,811
922,405
2,767,216
1,844,811
922,405
2,767,216
1,900,155
950,078
2,850,233
1,900,155
950,078
2,850,233
1,900,155
950,078
2,850,233
1,900,155
950,078
2,850,233
1,957,160
978,580
2,935,740
1,957,160
978,580
2,935,740
1,957,160
978,580
2,935,740
1,957,160
978,580
2,935,740
2,015,875
1,007,937
3,023,812
2,015,875
1,007,937
3,023,812
2,015,875
1,007,937
3,023,812
2,015,875
1,007,937
3,023,812
2,076,351
1,038,175
3,114,526
2,076,351
1,038,175
3,114,526
18,448
10,700
29,148
18,448
10,700
29,148
18,448
10,700
29,148
18,448
10,700
29,148
19,002
11,021
30,022
19,002
11,021
30,022
19,002
11,021
30,022
19,002
11,021
30,022
19,572
11,352
30,923
19,572
11,352
30,923
19,572
11,352
30,923
19,572
11,352
30,923
20,159
11,692
31,851
20,159
11,692
31,851
20,159
11,692
31,851
20,159
11,692
31,851
20,764
12,043
32,806
20,764
12,043
32,806
11/27/2012 5:32 PM
Restaurant Sales
11/27/2012
Quarter
Income
Food Sales
Alchol Sales
Other Sales
Total Sales
Sales Taxes
Food Sales
Alchol Sales
Other Sales
Total Sales Taxes
Restaurants Sales
55
55
3.27
56
56
4.27
57
57
1.28
58
58
2.28
59
59
3.28
60
60
4.28
61
61
1.29
62
62
2.29
63
63
3.29
64
64
4.29
65
65
1.30
66
66
2.30
67
67
3.30
68
68
4.30
69
69
1.31
70
70
2.31
71
71
3.31
72
72
4.31
2,076,351
1,038,175
3,114,526
2,076,351
1,038,175
3,114,526
2,138,641
1,069,321
3,207,962
2,138,641
1,069,321
3,207,962
2,138,641
1,069,321
3,207,962
2,138,641
1,069,321
3,207,962
2,202,801
1,101,400
3,304,201
2,202,801
1,101,400
3,304,201
2,202,801
1,101,400
3,304,201
2,202,801
1,101,400
3,304,201
2,268,885
1,134,442
3,403,327
2,268,885
1,134,442
3,403,327
2,268,885
1,134,442
3,403,327
2,268,885
1,134,442
3,403,327
2,336,951
1,168,476
3,505,427
2,336,951
1,168,476
3,505,427
2,336,951
1,168,476
3,505,427
2,336,951
1,168,476
3,505,427
20,764
12,043
32,806
20,764
12,043
32,806
21,386
12,404
33,791
21,386
12,404
33,791
21,386
12,404
33,791
21,386
12,404
33,791
22,028
12,776
34,804
22,028
12,776
34,804
22,028
12,776
34,804
22,028
12,776
34,804
22,689
13,160
35,848
22,689
13,160
35,848
22,689
13,160
35,848
22,689
13,160
35,848
23,370
13,554
36,924
23,370
13,554
36,924
23,370
13,554
36,924
23,370
13,554
36,924
11/27/2012 5:32 PM
Restaurant Sales
11/27/2012
Quarter
Income
Food Sales
Alchol Sales
Other Sales
Total Sales
Sales Taxes
Food Sales
Alchol Sales
Other Sales
Total Sales Taxes
Restaurants Sales
73
73
1.32
74
74
2.32
75
75
3.32
76
76
4.32
77
77
1.33
78
78
2.33
79
79
3.33
80
80
4.33
81
81
1.34
82
82
2.34
83
83
3.34
84
84
4.34
85
85
1.35
86
86
2.35
87
87
3.35
88
88
4.35
89
89
1.36
90
90
2.36
2,407,060
1,203,530
3,610,589
2,407,060
1,203,530
3,610,589
2,407,060
1,203,530
3,610,589
2,407,060
1,203,530
3,610,589
2,479,271
1,239,636
3,718,907
2,479,271
1,239,636
3,718,907
2,479,271
1,239,636
3,718,907
2,479,271
1,239,636
3,718,907
2,553,650
1,276,825
3,830,474
2,553,650
1,276,825
3,830,474
2,553,650
1,276,825
3,830,474
2,553,650
1,276,825
3,830,474
2,630,259
1,315,130
3,945,389
2,630,259
1,315,130
3,945,389
2,630,259
1,315,130
3,945,389
2,630,259
1,315,130
3,945,389
2,709,167
1,354,583
4,063,750
2,709,167
1,354,583
4,063,750
24,071
13,961
38,032
24,071
13,961
38,032
24,071
13,961
38,032
24,071
13,961
38,032
24,793
14,380
39,172
24,793
14,380
39,172
24,793
14,380
39,172
24,793
14,380
39,172
25,536
14,811
40,348
25,536
14,811
40,348
25,536
14,811
40,348
25,536
14,811
40,348
26,303
15,256
41,558
26,303
15,256
41,558
26,303
15,256
41,558
26,303
15,256
41,558
27,092
15,713
42,805
27,092
15,713
42,805
11/27/2012 5:32 PM
Restaurant Sales
11/27/2012
Quarter
Income
Food Sales
Alchol Sales
Other Sales
Total Sales
Sales Taxes
Food Sales
Alchol Sales
Other Sales
Total Sales Taxes
Restaurants Sales
91
91
3.36
92
92
4.36
93
93
1.37
94
94
2.37
95
95
3.37
96
96
4.37
97
97
1.38
98
98
2.38
99
99
3.38
100
100
4.38
101
101
1.39
102
102
2.39
103
103
3.39
104
104
4.39
105
105
1.40
106
106
2.40
107
107
3.40
108
108
4.40
2,709,167
1,354,583
4,063,750
2,709,167
1,354,583
4,063,750
2,790,442
1,395,221
4,185,663
2,790,442
1,395,221
4,185,663
2,790,442
1,395,221
4,185,663
2,790,442
1,395,221
4,185,663
2,874,155
1,437,078
4,311,233
2,874,155
1,437,078
4,311,233
2,874,155
1,437,078
4,311,233
2,874,155
1,437,078
4,311,233
2,960,380
1,480,190
4,440,570
2,960,380
1,480,190
4,440,570
2,960,380
1,480,190
4,440,570
2,960,380
1,480,190
4,440,570
3,049,191
1,524,596
4,573,787
3,049,191
1,524,596
4,573,787
3,049,191
1,524,596
4,573,787
3,049,191
1,524,596
4,573,787
27,092
15,713
42,805
27,092
15,713
42,805
27,904
16,185
44,089
27,904
16,185
44,089
27,904
16,185
44,089
27,904
16,185
44,089
28,742
16,670
45,412
28,742
16,670
45,412
28,742
16,670
45,412
28,742
16,670
45,412
29,604
17,170
46,774
29,604
17,170
46,774
29,604
17,170
46,774
29,604
17,170
46,774
30,492
17,685
48,177
30,492
17,685
48,177
30,492
17,685
48,177
30,492
17,685
48,177
11/27/2012 5:32 PM
Restaurant Sales
11/27/2012
Quarter
Income
Food Sales
Alchol Sales
Other Sales
Total Sales
Sales Taxes
Food Sales
Alchol Sales
Other Sales
Total Sales Taxes
Restaurants Sales
109
109
1.41
110
110
2.41
111
111
3.41
112
112
4.41
113
113
1.42
114
114
2.42
115
115
3.42
116
116
4.42
117
117
1.43
118
118
2.43
119
119
3.43
120
120
4.43
3,140,667
1,570,333
4,711,000
3,140,667
1,570,333
4,711,000
3,140,667
1,570,333
4,711,000
3,140,667
1,570,333
4,711,000
3,234,887
1,617,443
4,852,330
3,234,887
1,617,443
4,852,330
3,234,887
1,617,443
4,852,330
3,234,887
1,617,443
4,852,330
3,331,934
1,665,967
4,997,900
3,331,934
1,665,967
4,997,900
3,331,934
1,665,967
4,997,900
3,331,934
1,665,967
4,997,900
31,407
18,216
49,623
31,407
18,216
49,623
31,407
18,216
49,623
31,407
18,216
49,623
32,349
18,762
51,111
32,349
18,762
51,111
32,349
18,762
51,111
32,349
18,762
51,111
33,319
19,325
52,645
33,319
19,325
52,645
33,319
19,325
52,645
33,319
19,325
52,645
Total
257,585,535
128,792,768
386,378,303
2,575,855
1,493,996
4,069,851
11/27/2012 5:32 PM
SUMMARY OF TIF DEBT AND FUNDING
Results with Property Taxes Only
Property Tax Participation
Regular Sales Tax Participation (Non-hotel/motel)
Hotel/Motel Sales Tax Participation
Construction Sales Tax Participation
TIF Bond Interest Rate
Bond Issuance Costs
CITY
100%
0%
0%
0%
NA
NA
6.00%
7.00%
Total Revenues
From TIF
$
109,259,898
Total Revenues
Allocated to TIF
$
33,464,862
Total TIF
Bonds Issued
$
18,692,716
Net TIF
Bond Proceeds
$
17,384,226
$
Total TIF
Debt
Payments
32,506,237
Total TIF
Interest
Paid
13,813,521
Total TIF
Principal
Paid
18,692,716
TIF Int Pd on
Debt issued in
Last 10 Yrs of TIF
$
821,627
TIF Int Pd on
Debt issued in
Last 15 Yrs of TIF
$
1,674,040
$
$
$
Total TIF
Costs
34,979,789
COUNTY
80%
0%
0%
0%
NA
NA
$
TIF Excess/
<Deficit>
(17,595,563)
TIF Int Pd on
Debt issued in
1st 10 Yrs of TIF
$
12,139,481
OTHER
0%
0%
0%
0%
NA
NA
SCHOOL
0%
0%
0%
0%
NA
NA
ALLOCATED TAX RATES AND DEBT CALCULATION ASSUMPTIONS
YEAR
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
PROPERTY TAX % ALLOCATION TO TIF
CITY
OTHER
COUNTY
SCHOOL
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
0.00%
80.00%
0.00%
100.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
0.00%
100.00%
0.00%
80.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
100.00%
0.00%
80.00%
0.00%
Debt Insuance Costs
Net Debt Proceeds to Reimburse Costs
TIF Allocation in lieu of Area C (Y/N)
7.0%
93.0%
Y
SALES TAX % ALLOCATION TO TIF
CONSTR SALES TAX ALLOC TO TIF
CITY
ST MATCH HOTEL/MOTEL STATE MATCH
COUNTY
STATE MATCH
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
BOND
BOND
DEBT
AMORT
RATE
YEARS
6.00%
6.00%
25
6.00%
24
6.00%
23
6.00%
22
6.00%
21
6.00%
20
6.00%
19
6.00%
18
6.00%
17
6.00%
16
6.00%
15
6.00%
14
6.00%
13
6.00%
12
6.00%
11
6.00%
10
6.00%
9
6.00%
8
6.00%
7
6.00%
6
6.00%
5
6.00%
4
6.00%
3
6.00%
2
6.00%
1
6.00%
1
% OF
REVENUE
ALLOWED
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
SCHEDULE OF TIF VALUES AND BOND ISSUANCE WITHOUT SALES TAX INCLUDED
YEAR
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
#
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
TOTAL INCREMENTAL PROPERTY TAXES BY AUTHORITY
CITY
OTHER
COUNTY
SCHOOL
TOTAL
403,279
259,136
1,331,103
1,993,518
415,378
266,910
1,371,036
2,053,324
470,061
302,049
1,551,529
2,323,639
660,872
424,658
2,181,337
3,266,867
680,698
437,398
2,246,777
3,364,873
701,119
450,520
2,314,180
3,465,819
722,152
464,035
2,383,606
3,569,793
743,817
477,956
2,455,114
3,676,887
766,131
492,295
2,528,767
3,787,194
789,115
507,064
2,604,630
3,900,810
812,789
522,276
2,682,769
4,017,834
837,172
537,944
2,763,252
4,138,369
862,287
554,083
2,846,150
4,262,520
888,156
570,705
2,931,535
4,390,396
914,801
587,826
3,019,481
4,522,108
942,245
605,461
3,110,065
4,657,771
970,512
623,625
3,203,367
4,797,504
3,299,468
4,941,429
999,628
642,334
1,029,616
661,604
3,398,452
5,089,672
1,060,505
681,452
3,500,406
5,242,362
1,092,320
701,895
3,605,418
5,399,633
1,125,090
722,952
3,713,580
5,561,622
1,158,842
744,641
3,824,988
5,728,471
1,193,608
766,980
3,939,737
5,900,325
1,229,416
789,989
4,057,929
6,077,334
633,149
406,844
2,089,834
3,129,827
22,102,756
14,202,631 72,954,510 109,259,898
Adjustment
-
TOTAL PROPERTY TAXES ALLOCATED TO TIF BY AUTHORITY
CITY
OTHER
COUNTY
SCHOOL
TOTAL
403,279
207,309
610,588
415,378
213,528
628,906
470,061
241,639
711,700
660,872
339,726
1,000,598
680,698
349,918
1,030,616
701,119
360,416
1,061,534
722,152
371,228
1,093,381
1,126,182
743,817
382,365
766,131
393,836
1,159,967
1,194,766
789,115
405,651
812,789
417,821
1,230,609
837,172
430,355
1,267,528
862,287
443,266
1,305,554
888,156
456,564
1,344,720
914,801
470,261
1,385,062
484,369
1,426,614
942,245
970,512
498,900
1,469,412
999,628
513,867
1,513,494
1,029,616
529,283
1,558,899
1,060,505
545,161
1,605,666
1,092,320
561,516
1,653,836
1,125,090
578,362
1,703,451
1,158,842
595,712
1,754,555
1,193,608
613,584
1,807,191
1,229,416
631,991
1,861,407
633,149
325,476
958,625
22,102,756
11,362,105
33,464,862
TOTAL INCREMENTAL SALES TAXES BY TAXING AUTH
COUNTY HOTEL/MOTEL
ST MATCH
TOTAL
-
TIF COSTS PHASING
BY YEAR OF EXPENDITURE (000's)
Cost Component
Common Areas - Ph 1
Slalom Shop Parcel
Community Park
Future Development Parcels I,
Conference Center @ Resort H
Marina
Common Areas - Ph 2
Common Areas - Ph 3
TOTAL
12,112,102
2,001,818
285,285
267,670
68,250
14,528,342
5,190,471
145,600
380,250
2014
9,084,077
500,455
71,321
2,595,236
2015
3,028,026
1,501,364
213,964
267,670
68,250
7,264,171
2,595,236
-
-
-
-
2016
2017
7,264,171
145,600
-
2018
2019
2020
2021
2022
2023
-
-
-
-
-
-
-
-
-
-
-
-
380,250
-
-
-
-
-
380,250
-
-
-
-
-
2024
2025
2026
-
TOTAL
34,979,789
12,251,088
14,938,680
7,409,771
-
-
-
-
CITY OF LEW
SCHEDULE O
YEAR
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
#
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
TOTAL SALES TAX ALLOCATED TO TIF BY AUTHORITY
COUNTY
ST MATCH HOTEL/MOTEL ST MATCH
TOTAL
-
TOTAL CONSTR SALES TAXES
COUNTY
ST MATCH
TOTAL
-
TOTAL CONSTR S TAX ALLOC TO TIF
COUNTY
ST MATCH
TOTAL
-
TOTAL
TAXES
FROM TIF
1,993,518
2,053,324
2,323,639
3,266,867
3,364,873
3,465,819
3,569,793
3,676,887
3,787,194
3,900,810
4,017,834
4,138,369
4,262,520
4,390,396
4,522,108
4,657,771
4,797,504
4,941,429
5,089,672
5,242,362
5,399,633
5,561,622
5,728,471
5,900,325
6,077,334
3,129,827
109,259,898
TOTAL
TAXES
ALLOC TO TIF
610,588
628,906
711,700
1,000,598
1,030,616
1,061,534
1,093,381
1,126,182
1,159,967
1,194,766
1,230,609
1,267,528
1,305,554
1,344,720
1,385,062
1,426,614
1,469,412
1,513,494
1,558,899
1,605,666
1,653,836
1,703,451
1,754,555
1,807,191
1,861,407
958,625
33,464,862
INCREMENTAL
TIF TAXES
EACH YEAR
610,588
18,318
82,794
288,898
30,018
30,918
31,846
32,801
33,785
34,799
35,843
36,918
38,026
39,167
40,342
41,552
42,798
44,082
45,405
46,767
48,170
49,615
51,104
52,637
54,216
(902,782)
958,625
DEBT
TAX
RATE
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
0.00%
MAX TIF
MAX TIF
BOND $
CUMMULTIVE
FOR CY YR
8,122,886
8,122,886
238,891
8,361,777
1,056,790
9,418,567
3,602,537
13,021,104
364,962
13,386,066
365,692
13,751,757
365,505
14,117,263
364,289
14,481,552
361,918
14,843,470
358,255
15,201,725
353,150
15,554,875
346,435
15,901,310
337,931
16,239,241
327,436
16,566,677
314,733
16,881,410
299,580
17,180,990
281,715
17,462,706
260,850
17,723,555
236,666
17,960,222
208,819
18,169,041
176,929
18,345,970
140,579
18,486,549
99,314
18,585,864
52,637
18,638,500
54,216
18,692,716
18,692,716
18,692,716
2039
2040
2041
TOTAL
12,112,102
2,001,818
285,285
267,670
68,250
14,528,342
5,190,471
145,600
380,250
-
-
34,979,789
TIF COSTS P
BY YEAR OF
Cost Component
Common Areas
Development En
Slalom Shop Pa
Community Park
Future Developm
Conference Cen
Marina
2028
2027
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
Common Areas
Common Areas
TOTAL
-
-
-
-
-
-
-
-
-
-
-
-
-
-
CITY OF LEW
SCHEDULE O
CUMUL
TIF COSTS
YEAR
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
#
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
NET BOND CUMULATIVE
PROCEEDS MAX BOND
CURRENT PD PROCEEDS
7,554,284
7,554,284
222,169
7,776,453
982,814
8,759,267
3,350,359
12,109,627
339,414
12,449,041
12,789,134
340,093
339,920
13,129,054
338,789
13,467,843
336,584
13,804,427
333,177
14,137,604
328,429
14,466,034
322,185
14,788,219
314,276
15,102,494
304,516
15,407,010
292,701
15,699,711
278,610
15,978,321
261,995
16,240,316
242,590
16,482,906
220,100
16,703,006
194,202
16,897,208
164,544
17,061,752
130,738
17,192,491
92,362
17,284,853
48,952
17,333,805
50,421
17,384,226
17,384,226
17,384,226
TIF COSTS P
BY YEAR OF
Cost Component
Common Areas
Development En
Slalom Shop Pa
Community Park
Future Developm
Conference Cen
Marina
Common Areas
Common Areas
TOTAL
TIF COSTS
INCURRED
12,251,088
14,938,680
7,409,771
380,250
34,979,789
EXCESS TIF
25 YR TIF
TIF
CUMUL
INCURRED VS COSTS ABOVE DEBT SRV ON DEBT
TIF COSTS
MAX BOND
MAX BOND
MAX BONDS COV
INCURRED
PROCEEDS
PROCEEDS
AVAIL
RATIO
12,251,088
12,251,088
27,189,768
NA
27,189,768
14,938,680
14,938,680
NA
34,599,539
(144,513)
14,794,167
610,588
3.3
34,979,789
158,081
14,952,248
628,906
3.3
34,979,789
(982,814)
13,969,434
711,700
3.3
34,979,789
(3,350,359)
10,619,074
1,000,598
3.3
34,979,789
(339,414)
10,279,660
1,030,616
3.3
34,979,789
(340,093)
9,939,567
1,061,534
3.3
34,979,789
(339,920)
9,599,647
1,093,381
3.3
34,979,789
(338,789)
9,260,858
1,126,182
3.3
34,979,789
(336,584)
8,924,274
1,159,967
3.3
34,979,789
(333,177)
8,591,097
1,194,766
3.3
34,979,789
(328,429)
8,262,667
1,230,609
3.3
34,979,789
(322,185)
7,940,483
1,267,528
3.3
34,979,789
(314,276)
7,626,207
1,305,554
3.3
34,979,789
(304,516)
7,321,691
1,344,720
3.3
34,979,789
(292,701)
7,028,990
1,385,062
3.3
34,979,789
(278,610)
6,750,380
1,426,614
3.3
34,979,789
(261,995)
6,488,385
1,469,412
3.3
34,979,789
(242,590)
6,245,795
1,513,494
3.3
34,979,789
(220,100)
6,025,695
1,558,899
3.3
34,979,789
(194,202)
5,831,493
1,605,666
3.3
34,979,789
(164,544)
5,666,949
1,653,836
3.3
34,979,789
(130,738)
5,536,210
1,703,451
3.3
34,979,789
(92,362)
5,443,848
1,754,555
3.3
34,979,789
(48,952)
5,394,896
1,807,191
3.3
34,979,789
(50,421)
5,344,475
1,861,407
3.3
5,344,475
958,625
3.3
34,979,789
33,464,862
TOTAL
TIF DEBT
PAYMENTS
15,264,705
439,624
1,904,263
6,355,759
630,377
618,370
605,075
590,425
574,353
556,784
537,645
516,856
494,336
469,999
443,758
415,519
385,186
352,659
317,834
280,602
240,850
198,460
153,311
105,273
54,216
32,506,237
958,625
YEARS
REMAIN
IN TIF
0.0
25.0
24.0
23.0
22.0
21.0
20.0
19.0
18.0
17.0
16.0
15.0
14.0
13.0
12.0
11.0
10.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
TOTAL TIF
INTEREST
PAID
7,141,819
200,732
847,474
2,753,222
265,415
252,678
239,569
226,136
212,435
198,529
184,495
170,421
156,405
142,563
129,025
115,938
103,470
91,809
81,167
71,782
63,921
57,881
53,996
52,637
13,813,521
TOTAL INT
REMAINING
YEAR
13,813,521
13,813,521
6,671,702
6,470,969
5,623,496
2,870,274
2,604,859
2,352,181
2,112,611
1,886,475
1,674,040
1,475,511
1,291,016
1,120,595
964,190
821,627
692,603
576,664
473,194
381,385
300,218
228,435
164,514
106,633
52,637
-
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
ASSUMED TAX RATES AND INFLATION/GROWTH FACTORS
YEAR
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
ASSUMED ASSUMED ASSUMED inflation factors
INFLATION INFLATION MARINA
RATE
RATE
DEFLATION
3.00%
3.00%
-10.00%
3.00%
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.00
1.00
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
1.000000000
1.030000000
1.060900000
1.092727000
1.125508810
1.159274074
1.194052297
1.229873865
1.266770081
1.304773184
1.343916379
1.384233871
1.425760887
1.468533713
1.512589725
1.557967417
1.604706439
1.652847632
1.702433061
1.753506053
1.806111235
1.860294572
1.916103409
1.973586511
2.032794106
2.093777930
2.156591268
2.221289006
2.287927676
3.00%
MARINA
Tax
DEFLATION
rate
-10.00% total
1.000000000
1.030000000
1.060900000
1.092727000
1.125508810
1.159274074
1.194052297
1.229873865
1.266770081
1.304773184
1.343916379
1.384233871
1.425760887
1.468533713
1.512589725
1.557967417
1.604706439
1.652847632
1.702433061
1.753506053
1.806111235
1.860294572
1.916103409
1.973586511
2.032794106
2.093777930
2.156591268
2.221289006
2.287927676
1.000000000
1.000000000
0.900000000
0.810000000
0.729000000
0.656100000
0.590490000
0.531441000
0.478296900
0.430467210
0.387420489
0.348678440
0.313810596
0.282429536
0.254186583
0.228767925
0.205891132
0.185302019
0.166771817
0.150094635
0.135085172
0.121576655
0.109418989
0.098477090
0.088629381
0.079766443
0.071789799
0.064610819
0.058149737
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
2.176077
Tax
rate
City
Main/Oper
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
0.32289
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Other Assumptions
Area 1 Initial Land Value per Acre
$0
$0
$0 Included in Base Value (Y/N)
N
Area 4 Allocated value
$0
# of Years for TIF
27
TIF Version #
Notes:
1 Entire amount set to roll off end of 2017; will need to obtain taxpayer approval for continuation beyond 2017
2 Comprised of Sheriff 0.5% and Hospital 1.0%; Hospital expires 2019 and will need to be extended; no expiration for sheriff
Properties Included in TIF Calculations (Y/N)
Lake Park Golf Course
Convention Center
Hotel
Lodge
Y
Y
Y
Y
DCTA
Restraunts
T Bay MF
Marina Wet Slips
Y
Y
Y
N
Tax
rate
City
Debt
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
0.11732
Note 1
Tax
rate
City
TOTAL
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
0.44021
Tax
rate
County
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
0.282867
Tax
rate
School
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
1.453
Tax
hotel/
rate
motel
ambulance tax
rate
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
City
sales
tax
rate
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
Note 2
STATE
SALES
TAX
ASMNT
RATIO
real
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
ASMNT
RATIO
personal
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
ASSUMED DEVELOPMENT
DCTA
Retail
$/Unit
Floor
Constr
cove % Cost
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
$244,070
DCTA
$/SF
Retail
Sales
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
T Bay
$/Unit
Constr
Cost
Restrnt Restrnt
Bldg
Sales
cost
$ psf
Course
psf
Cost
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$113,053
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$ 400
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Golf
Clubhouse
Cost
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Conv Ctr
Const
$ psf
Hotel
Lodge
Const $
Const
Per Room $ psf
% FB
Marina
Wet Slip Dry Slip
RESORT
$ per Slip $ per Slip 2020 to
2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$200,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
$ 15,000
-
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 273.45
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
$ 10,000
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
0.66
PERSONAL PROP TAX %
personal
prop as %
of value:
Hotel
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
personal
prop as %
of value:
Restraunts
personal
prop as %
of value:
golf course
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
MATERIAL COST %
personal
personal
prop as % prop as %
of value:
of value:
club house DCTA MF
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
personal
prop as %
of value:
T Bay MF
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
personal
prop as %
of value:
Marina
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
personal
Material $
prop as % as % of
of value:
Constr $
con. Center Houses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Material $
as % of
Constr $
Resort
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Material $
as % of
Constr $
Golf
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Material $
as % of
Constr $
Club House
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Material $
as % of
Constr $
Enter Cntr
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Material $
as % of
Constr $
Commerc
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Material $
as % of
Constr $
Conv Cntr
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Material $
as % of
Constr $
Marina
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
LAND USE
YEAR
1
2
3
4
5
6
7
8
9
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
Totals
Convention Center
Golf
Acres
Square Feet Course-Acres Clubhse-acres
3.0
45,000
3.0
45,000
-
-
Resort
Acres
Rooms
23.9
300
23.9
300
Lodge
Acres
Sq Feet
6.1
25,200
6.1
25,200
Restraunts T Bay MF
Sq Ft
# Units
200
24,000
24,000
200
Marina
DCTA MF
# Units
Acres
Wet Slips
132
1.0
132
1.0
-
TOTAL TAX INCREMENT: ALL TAXES: ALL AREAS: ALL ACTIVITIES
SHEET 1
TOTAL
PROPERTY
TAXES inc per SUB TOTALS
annual
PROPERTY
TAX
CUMUL
COUNTY
SALES
TAXES
annual
$
$
$
$
$
1,993,518
4,046,842
6,370,481
9,637,347
$
$
$
$
$
-
$
$
$
$
$
13,002,220
16,468,039
20,037,832
23,714,720
27,501,914
$
$
$
$
$
-
$
$
$
$
$
31,402,723
35,420,557
39,558,926
43,821,446
48,211,842
$
$
$
$
$
-
$
$
$
$
$
52,733,949
57,391,720
62,189,224
67,130,653
72,220,325
$
$
$
$
$
-
$
$
$
$
$
77,462,687
82,862,320
88,423,941
94,152,412
100,052,737
$
$
$
$
$
-
$ 106,130,071
$ 109,259,898
$
$
-
SUB TOTALS
COUNTY
SALES
TAXES
CUMUL
HOTEL/MOTEL
TAXES
SUB TOTALS
annual
COUNTY
HOTEL/MOTEL CONSUMPTN
TAXES
TAXES
CUMUL
CUMUL
ALL TAXES
CUMUL
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
1,993,518
4,046,842
6,370,481
9,637,347
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
13,002,220
16,468,039
20,037,832
23,714,720
27,501,914
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
31,402,723
35,420,557
39,558,926
43,821,446
48,211,842
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
52,733,949
57,391,720
62,189,224
67,130,653
72,220,325
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
77,462,687
82,862,320
88,423,941
94,152,412
100,052,737
$
$
$
$
$
-
$
$
-
$
$
-
$ 106,130,071
$ 109,259,898
$
$
-
YEAR
0
1
2
3
4
2015
2016
2017
2018
2019
$
$
$
$
$
1,993,518
2,053,324
2,323,639
3,266,867
5
6
7
8
9
2020
2021
2022
2023
2024
$
$
$
$
$
3,364,873
3,465,819
3,569,793
3,676,887
3,787,194
10
11
12
13
14
2025
2026
2027
2028
2029
$
$
$
$
$
3,900,810
4,017,834
4,138,369
4,262,520
4,390,396
15
16
17
18
19
2030
2031
2032
2033
2034
$
$
$
$
$
4,522,108
4,657,771
4,797,504
4,941,429
5,089,672
20
21
22
23
24
2035
2036
2037
2038
2039
$
$
$
$
$
5,242,362
5,399,633
5,561,622
5,728,471
5,900,325
25
26
2040 $
2041 $
6,077,334
3,129,827
$
9,637,347
$
$ 17,864,566
$
$ 20,709,928
$
$ 24,008,483
$
$ 27,832,412
28
$
$ 109,259,898
SOURC SHT
2
$
9,207,162
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
-
$
$
-
-
$
-
$
-
$
-
$
-
$
-
$
$
3
STATE
MATCHING
LEVERAGE
PAYMENT
annual
-
$
-
$
-
$
-
$
-
$
-
$
-
$
3
SUB TOTALS
3
-
STATE
MATCHING
LEVERAGE
PAYMENT
CUMUL
STATE
SALES
TAXES
annual
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
-
$
$
-
$
-
-
-
-
-
-
-
SUB TOTALS
$
$
$
$
$
$
STATE
SALES
TAXES
CUMUL
CNTY SALES
TAX ON
CONSTR
annual
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
-
$
$
-
-
SUB TOTALS
$
-
$
-
$
-
$
-
$
-
$
$
-
CNTY SALES
TAX ON
CONSTR
CUMUL
STATE SALES
TAX ON
CONSTR
SUB TOTALS
annual
ST SALES
TAX ON
CONSTR
CUMUL
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
$
$
$
-
$
$
-
$
$
-
$
$
-
-
$
-
$
-
$
-
$
-
$
-
$
$
4
4
-
-
-
-
-
-
TOTAL PROPERTY TAX INCREMENT BY JURISDICTION- REAL AND BUSINESS PERSONAL
SHEET 1.1
TOTAL
ANNUAL
INCREMENTAL
PROPERTY TAXES
YEAR
TOTAL
CUMULATIVE
INCREMENTAL
PROPERTY TAXES
CITY
DISTRICT
ANNUAL
0
1
2
3
4
2015
2016
2017
2018
2019
$
$
$
$
$
1,993,518
2,053,324
2,323,639
3,266,867
$
$
$
$
$
1,993,518
4,046,842
6,370,481
9,637,347
$
$
$
$
$
403,279
415,378
470,061
660,872
5
6
7
8
9
2020
2021
2022
2023
2024
$
$
$
$
$
3,364,873
3,465,819
3,569,793
3,676,887
3,787,194
$
$
$
$
$
13,002,220
16,468,039
20,037,832
23,714,720
27,501,914
$
$
$
$
$
680,698
701,119
722,152
743,817
766,131
10
11
12
13
14
2025
2026
2027
2028
2029
$
$
$
$
$
3,900,810
4,017,834
4,138,369
4,262,520
4,390,396
$
$
$
$
$
31,402,723
35,420,557
39,558,926
43,821,446
48,211,842
$
$
$
$
$
789,115
812,789
837,172
862,287
888,156
15
16
17
18
19
2030
2031
2032
2033
2034
$
$
$
$
$
4,522,108
4,657,771
4,797,504
4,941,429
5,089,672
$
$
$
$
$
52,733,949
57,391,720
62,189,224
67,130,653
72,220,325
$
$
$
$
$
914,801
942,245
970,512
999,628
1,029,616
20
21
22
23
24
2035
2036
2037
2038
2039
$
$
$
$
$
5,242,362
5,399,633
5,561,622
5,728,471
5,900,325
$
$
$
$
$
77,462,687
82,862,320
88,423,941
94,152,412
100,052,737
$
$
$
$
$
1,060,505
1,092,320
1,125,090
1,158,842
1,193,608
25
26
2040 $
2041 $
6,077,334
3,129,827
$
$
106,130,071
109,259,898
$
$
1,229,416
633,149
$
$
$
22,102,756
1,629,260
20,473,496
SUB TOTAL
CITY
DISTRICT
CUMULATIVE
OTHER
ANNUAL
$
$
$
$
$
403,279
818,657
1,288,718
1,949,589
$
$
$
$
$
-
$
$
$
$
$
2,630,287
3,331,406
4,053,558
4,797,375
5,563,506
$
$
$
$
$
-
$
$
$
$
$
6,352,621
7,165,410
8,002,582
8,864,870
9,753,026
$
$
$
$
$
-
$
$
$
$
$
10,667,826
11,610,071
12,580,583
13,580,211
14,609,827
$
$
$
$
$
-
$
$
$
$
$
15,670,332
16,762,652
17,887,742
19,046,584
20,240,191
$
$
$
$
$
-
$
$
21,469,607
22,102,756
$
$
-
$
$
$
-
$ 1,949,589
$
$ 3,613,917
$
$ 4,189,520
$
$ 4,856,802
$
$ 5,630,364
$
$ 1,862,565
tot all cum
tot pers cum
tot real cum
SOURCE
SHEET
$
$
$
109,259,898
8,053,874
101,206,024
2
SUB TOTAL
$
OTHER
COUNTY
CUMULATIVE ANNUAL
$
$
$
$
$
-
$
$
$
$
$
259,136
266,910
302,049
424,658
$
$
$
$
$
-
$
$
$
$
$
437,398
450,520
464,035
477,956
492,295
$
$
$
$
$
-
$
$
$
$
$
507,064
522,276
537,944
554,083
570,705
$
$
$
$
$
-
$
$
$
$
$
587,826
605,461
623,625
642,334
661,604
$
$
$
$
$
-
$
$
$
$
$
681,452
701,895
722,952
744,641
766,980
$
$
-
$
$
789,989
406,844
-
SUB TOTAL
$
-
$
-
$
-
$
-
$
-
$
$ 14,202,631
$
1,046,918
$ 13,155,713
COUNTY
CUMULATIVE
SCHOOL
UNIT
ANNUAL
$
$
$
$
$
259,136
526,047
828,095
1,252,753
$
$
$
$
$
1,331,103
1,371,036
1,551,529
2,181,337
$
$
$
$
$
1,690,151
2,140,671
2,604,706
3,082,663
3,574,958
$
$
$
$
$
2,246,777
2,314,180
2,383,606
2,455,114
2,528,767
$
$
$
$
$
4,082,022
4,604,298
5,142,242
5,696,325
6,267,030
$
$
$
$
$
2,604,630
2,682,769
2,763,252
2,846,150
2,931,535
$
$
$
$
$
6,854,856
7,460,317
8,083,942
8,726,275
9,387,879
$
$
$
$
$
3,019,481
3,110,065
3,203,367
3,299,468
3,398,452
$
$
$
$
$
10,069,330
10,771,225
11,494,177
12,238,818
13,005,798
$
$
$
$
$
3,500,406
3,605,418
3,713,580
3,824,988
3,939,737
$
$
13,795,787
14,202,631
$ 4,057,929
$ 2,089,834
1,252,753
SUB TOTAL
SCHOOL
UNIT
CUMUL
$
$
$
$
$
1,331,103
2,702,138
4,253,668
6,435,005
$
$
$
$
$
8,681,782
10,995,962
13,379,568
15,834,682
18,363,450
$
$
$
$
$
20,968,080
23,650,849
26,414,102
29,260,252
32,191,786
$
$
$
$
$
35,211,267
38,321,332
41,524,699
44,824,167
48,222,619
$
$
$
$
$
51,723,024
55,328,442
59,042,022
62,867,010
66,806,747
$
$
70,864,677
72,954,510
$
$
$
862,152,945
8,053,874
101,206,024
$ 6,435,005
2,322,205
$ 11,928,445
2,692,072
$ 13,828,337
3,120,849
$ 16,030,832
3,617,919
$ 18,584,128
1,196,834
$ 6,147,763
$ 72,954,510
$ 5,377,695
$ 67,576,815
TOTAL TAX INCREMENT: Summary by Source
SHEET 1.2
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Year
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
Totals
SHEET
Real/Per
Prop Tax
-
Lake Pak Golf Course
Construct
Sales Tax
-
Sales Tax
-
2
3
Total
-
4
Real/Per
Prop Tax
-
Convention Center
Constr
Sales Sales Tax
-
2
4
Total
-
Real/Pers
Prop Tax
1,501,493
1,546,538
1,592,934
1,813,167
1,867,562
1,923,589
1,981,297
2,040,736
2,101,958
2,165,017
2,229,967
2,296,866
2,365,772
2,436,745
2,509,848
2,585,143
2,662,697
2,742,578
2,824,856
2,909,601
2,996,889
3,086,796
3,179,400
3,274,782
3,373,025
1,737,108
-
61,746,365
2
Sales Tax
-
Resort/Lodge
Hotel/
Room
Motel Tax Revenue Tax
-
3
3
DCTA
Construct
Sales Tax
-
3
4
1,501,493
1,546,538
1,592,934
1,813,167
1,867,562
1,923,589
1,981,297
2,040,736
2,101,958
2,165,017
2,229,967
2,296,866
2,365,772
2,436,745
2,509,848
2,585,143
2,662,697
2,742,578
2,824,856
2,909,601
2,996,889
3,086,796
3,179,400
3,274,782
3,373,025
1,737,108
Real/Per
Prop Tax
701,073
722,105
743,769
766,082
789,064
812,736
837,118
862,232
888,099
914,741
942,184
970,449
999,563
1,029,550
1,060,436
1,092,249
1,125,017
1,158,767
1,193,530
1,229,336
1,266,216
1,304,203
671,664
Sales Tax
-
61,746,365
22,080,182
-
Total
2
Construct
Sales Tax
-
Total
701,073
722,105
743,769
766,082
789,064
812,736
837,118
862,232
888,099
914,741
942,184
970,449
999,563
1,029,550
1,060,436
1,092,249
1,125,017
1,158,767
1,193,530
1,229,336
1,266,216
1,304,203
671,664
3
22,080,182
4
SHEET 1.2
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Year
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
Totals
SHEET
Restraunts
Real/Per
Construct
Prop Tax Sales Tax Sales Tax
208,716
214,977
221,427
228,069
234,911
241,959
249,218
256,694
264,395
272,327
280,497
288,911
297,579
306,506
315,701
325,172
334,928
344,975
355,325
365,984
376,964
388,273
399,921
205,959
6,979,388
2
-
3
Total
208,716
214,977
221,427
228,069
234,911
241,959
249,218
256,694
264,395
272,327
280,497
288,911
297,579
306,506
315,701
325,172
334,928
344,975
355,325
365,984
376,964
388,273
399,921
205,959
6,979,388
4
T Bay MF
Real/Per
Constr
Prop Tax Sales Sales
492,025
506,786
521,989
537,649
553,778
570,392
587,504
605,129
623,282
641,981
661,240
681,078
701,510
722,555
744,232
766,559
789,556
813,242
837,640
862,769
888,652
915,311
942,771
971,054
1,000,185
515,095
18,453,963
22
-
3
Total
492,025
506,786
521,989
537,649
553,778
570,392
587,504
605,129
623,282
641,981
661,240
681,078
701,510
722,555
744,232
766,559
789,556
813,242
837,640
862,769
888,652
915,311
942,771
971,054
1,000,185
515,095
18,453,963
4
Real/Per
Prop Tax
-
Marina
Constr
Sales
-
Sales Tax
-
23
3
4
-
Real/Per
Prop Tax
1,993,518
2,053,324
2,323,639
3,266,867
3,364,873
3,465,819
3,569,793
3,676,887
3,787,194
3,900,810
4,017,834
4,138,369
4,262,520
4,390,396
4,522,108
4,657,771
4,797,504
4,941,429
5,089,672
5,242,362
5,399,633
5,561,622
5,728,471
5,900,325
6,077,334
3,129,827
-
109,259,898
Total
Sales Tax
-
Total All
Hotel/
Room Rent
Motel Tax Revenue Tax
-
-
Construct
Sales Tax
i/c state match
Total
1,993,518
2,053,324
2,323,639
3,266,867
3,364,873
3,465,819
3,569,793
3,676,887
3,787,194
3,900,810
4,017,834
4,138,369
4,262,520
4,390,396
4,522,108
4,657,771
4,797,504
4,941,429
5,089,672
5,242,362
5,399,633
5,561,622
5,728,471
5,900,325
6,077,334
3,129,827
109,259,898
REAL PROPERTY TAX INCREMENT BY JURISDICTION
SHEET 1.3
TOTAL
ANNUAL
INCREMENTAL
PROPERTY TAXES
YEAR
TOTAL
CUMULATIVE
INCREMENTAL
PROPERTY TAXES
CITY
DISTRICT
ANNUAL
SUB TOTAL
0
1
2
3
4
2015
2016
2017
2018
2019
$
$
$
$
$
1,797,671
1,851,601
2,115,865
3,030,367
$
$
$
$
$
1,797,671
3,649,272
5,765,137
8,795,504
$
$
$
$
$
363,660
374,570
428,029
613,029
5
6
7
8
9
2020
2021
2022
2023
2024
$
$
$
$
$
3,121,278
3,214,916
3,311,363
3,410,704
3,513,025
$
$
$
$
$
11,916,782
15,131,698
18,443,061
21,853,765
25,366,791
$
$
$
$
$
631,420
650,362
669,873
689,969
710,668
10
11
12
13
14
2025
2026
2027
2028
2029
$
$
$
$
$
3,618,416
3,726,969
3,838,778
3,953,941
4,072,559
$
$
$
$
$
28,985,207
32,712,176
36,550,953
40,504,894
44,577,454
$
$
$
$
$
731,988
753,948
776,566
799,863
823,859
15
16
17
18
19
2030
2031
2032
2033
2034
$
$
$
$
$
4,194,736
4,320,578
4,450,196
4,583,701
4,721,212
$
$
$
$
$
48,772,190
53,092,768
57,542,964
62,126,665
66,847,877
$
$
$
$
$
848,575
874,032
900,253
927,261
955,079
20
21
22
23
24
2035
2036
2037
2038
2039
$
$
$
$
$
4,862,849
5,008,734
5,158,996
5,313,766
5,473,179
$
$
$
$
$
71,710,726
76,719,460
81,878,457
87,192,223
92,665,402
$
$
$
$
$
983,731
1,013,243
1,043,640
1,074,950
1,107,198
25
26
2040 $
2041 $
5,637,375
2,903,248
$
$
98,302,777
101,206,024
$
$
1,140,414
587,313
$
$
$
20,473,496
1,629,260
22,102,756
$
$
$
$
$
$
tot real cum
tot pers cum
tot cum
$
$
$
101,206,024
8,053,874
109,259,898
CITY
DISTRICT
CUMULATIVE
OTHER
ANNUAL
OTHER
SUB TOTAL CUMULATIVE
$
$
$
$
$
363,660
738,230
1,166,260
1,779,289
$
$
$
$
$
-
$
$
$
$
$
2,410,708
3,061,070
3,730,943
4,420,913
5,131,581
$
$
$
$
$
-
$
$
$
$
$
5,863,569
6,617,517
7,394,084
8,193,947
9,017,806
$
$
$
$
$
-
$
$
$
$
$
9,866,381
10,740,414
11,640,667
12,567,928
13,523,007
$
$
$
$
$
-
$
$
$
$
$
14,506,738
15,519,981
16,563,621
17,638,571
18,745,769
$
$
$
$
$
-
$
$
19,886,183
20,473,496
$
$
-
$
$
$
-
1,779,289
$
3,352,292
$
3,886,226
$
4,505,200
$
5,222,762
$
1,727,727
$
COUNTY
ANNUAL
$
$
$
$
$
-
$
$
$
$
$
233,678
240,689
275,040
393,916
$
$
$
$
$
-
$
$
$
$
$
405,733
417,905
430,442
443,355
456,656
$
$
$
$
$
-
$
$
$
$
$
470,356
484,467
499,001
513,971
529,390
$
$
$
$
$
-
$
$
$
$
$
545,271
561,629
578,478
595,833
613,708
$
$
$
$
$
-
$
$
$
$
$
632,119
651,082
670,615
690,733
711,455
$
$
-
$
$
732,799
377,392
-
SUB TOTAL
COUNTY
CUMULATIVE
SCHOOL
UNIT
ANNUAL
$
$
$
$
$
233,678
474,367
749,407
1,143,323
$
$
$
$
$
1,200,333
1,236,343
1,412,796
2,023,422
$
$
$
$
$
1,549,056
1,966,961
2,397,403
2,840,758
3,297,415
$
$
$
$
$
2,084,125
2,146,649
2,211,048
2,277,380
2,345,701
$
$
$
$
$
3,767,770
4,252,237
4,751,237
5,265,208
5,794,598
$
$
$
$
$
2,416,072
2,488,554
2,563,211
2,640,107
2,719,310
$
$
$
$
$
6,339,869
6,901,498
7,479,977
8,075,810
8,689,517
$
$
$
$
$
2,800,890
2,884,916
2,971,464
3,060,608
3,152,426
$
$
$
$
$
9,321,636
9,972,719
10,643,334
11,334,067
12,045,522
$
$
$
$
$
3,246,999
3,344,409
3,444,741
3,548,083
3,654,526
$
$
12,778,321
13,155,713
$ 3,764,161
$ 1,938,543
$ 1,143,323
-
$
$
$
$
$
19,353,867
21,842,422
24,405,632
27,045,739
29,765,050
$
$
$
$
$
32,565,939
35,450,856
38,422,320
41,482,927
44,635,353
$
$
$
$
$
47,882,352
51,226,761
54,671,502
58,219,585
61,874,111
$
$
65,638,272
67,576,815
$ 17,238,757
$ 1,110,191
$ 13,155,713
$ 1,046,918
$ 14,202,631
7,957,018
10,103,667
12,314,715
14,592,094
16,937,795
$ 14,870,304
$ 3,356,005
-
$
$
$
$
$
$ 12,827,254
$ 2,894,920
-
1,200,333
2,436,675
3,849,471
5,872,893
$ 11,064,902
$ 2,497,183
-
$
$
$
$
$
$ 5,872,893
$ 2,154,092
-
SCHOOL
SUB TOTALS UNIT
CUMUL
$ 5,702,705
$ 67,576,815
$ 5,377,695
$ 72,954,510
PERSONAL PROPERTY TAX INCREMENT BY JURISDICTION
SHEET 1.4
TOTAL
YEAR ANNUAL
INCREMENTAL PER.
PROPERTY TAXES
TOTAL
CUMULATIVE
INCREMENTAL PER.
PROPERTY TAXES
CITY
DISTRICT
ANNUAL
CITY
SUB TOTALS DISTRICT
CUMULATIVE
0
1
2
3
4
2015
2016
2017
2018
2019
$
$
$
$
$
195,847
201,722
207,774
236,500
$
$
$
$
$
195,847
397,569
605,343
841,843
$
$
$
$
$
39,619
40,807
42,032
47,843
5
6
7
8
9
2020
2021
2022
2023
2024
$
$
$
$
$
243,595
250,903
258,430
266,183
274,168
$
$
$
$
$
1,085,438
1,336,341
1,594,771
1,860,954
2,135,123
$
$
$
$
$
49,278
50,756
52,279
53,848
55,463
10
11
12
13
14
2025
2026
2027
2028
2029
$
$
$
$
$
282,393
290,865
299,591
308,579
317,836
$
$
$
$
$
2,417,516
2,708,382
3,007,973
3,316,552
3,634,388
$
$
$
$
$
57,127
58,841
60,606
62,424
64,297
15
16
17
18
19
2030
2031
2032
2033
2034
$
$
$
$
$
327,371
337,193
347,308
357,728
368,459
$
$
$
$
$
3,961,759
4,298,952
4,646,260
5,003,988
5,372,447
$
$
$
$
$
66,226
68,212
70,259
72,367
74,538
20
21
22
23
24
2035
2036
2037
2038
2039
$
$
$
$
$
379,513
390,899
402,626
414,704
427,145
$
$
$
$
$
5,751,961
6,142,859
6,545,485
6,960,189
7,387,335
$
$
$
$
$
76,774
79,077
81,449
83,893
86,409
25
26
2040 $
2041 $
439,960
226,579
$
$
7,827,294
8,053,874
$
$
89,002
45,836
$
8,053,874
$
1,629,260
$
$
$
$
$
$
SOURCE
SHEET
OTHER
ANNUAL
OTHER
COUNTY
SUB TOTALS CUMULATIVE ANNUAL
$
$
$
$
$
39,619
80,426
122,458
170,301
$
$
$
$
$
-
$
$
$
$
$
219,579
270,335
322,615
376,462
431,925
$
$
$
$
$
-
$
$
$
$
$
489,052
547,893
608,499
670,923
735,219
$
$
$
$
$
-
$
$
$
$
$
801,445
869,657
939,916
1,012,283
1,086,820
$
$
$
$
$
-
$
$
$
$
$
1,163,594
1,242,671
1,324,120
1,408,013
1,494,423
$
$
$
$
$
-
$
$
1,583,424
1,629,260
$
$
-
$
-
170,301
$
261,624
$
303,294
$
351,601
$
407,602
$
134,838
$
$
$
$
$
$
-
$
$
$
$
$
25,458
26,222
27,008
30,743
$
$
$
$
$
-
$
$
$
$
$
31,665
32,615
33,593
34,601
35,639
$
$
$
$
$
-
$
$
$
$
$
36,708
37,809
38,944
40,112
41,315
$
$
$
$
$
-
$
$
$
$
$
42,555
43,831
45,146
46,501
47,896
$
$
$
$
$
-
$
$
$
$
$
49,333
50,813
52,337
53,907
55,524
$
$
-
$
$
57,190
29,453
-
SUB TOTALS
$
-
$
-
$
-
$
-
$
-
$
$ 1,046,918
COUNTY
CUMULATIVE
SCHOOL
UNIT
ANNUAL
$
$
$
$
$
25,458
51,680
78,688
109,431
$
$
$
$
$
130,770
134,693
138,734
157,915
$
$
$
$
$
141,096
173,710
207,303
241,904
277,543
$
$
$
$
$
162,652
167,532
172,558
177,734
183,066
$
$
$
$
$
314,252
352,061
391,005
431,117
472,432
$
$
$
$
$
188,558
194,215
200,042
206,043
212,224
$
$
$
$
$
514,987
558,818
603,965
650,466
698,361
$
$
$
$
$
218,591
225,149
231,903
238,860
246,026
$
$
$
$
$
747,694
798,507
850,844
904,751
960,275
$
$
$
$
$
253,407
261,009
268,839
276,904
285,212
$
$
1,017,466
1,046,918
$
$
293,768
151,290
109,431
SCHOOL
SUB TOTALS UNIT
CUMUL
$
$
$
$
$
$
168,113
562,112
$
724,764
$
892,296
$ 1,064,853
$ 1,242,588
$ 1,425,654
$
194,889
130,770
265,463
404,197
562,112
863,542
$
$
$
$
$
1,614,213
1,808,428
2,008,470
2,214,512
2,426,737
$
$
$
$
$
2,645,328
2,870,476
3,102,379
3,341,240
3,587,266
$
$
$
$
$
3,840,672
4,101,681
4,370,521
4,647,425
4,932,637
$ 1,001,082
225,929
$ 1,160,529
261,914
$ 1,345,371
86,643
$ 5,226,405
$ 5,377,695
$
$ 5,377,695
445,058
$ 64,828,780
SHEET 2
SUMMARY ALL PROPERTY TAXES- REAL AND BUSINESS PERSONAL
LAKE PARK
GOLF
YEAR
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
TOTAL
SOURCE
SHEET
CONVENTION
CENTER
RESORT
LODGE
DCTA
RESTRNTS
TOWER BAY MARINA
MULTIFAM
WET SLIPS
TOTAL
INCREMNTL INCREMNTL
PROP TAX PROP TAX
INCREMNTL
PROP TAX
INCREMNTL
PROP TAX
INCREMNTL
PROP TAX
INCREMNTL
PROP TAX
INCREMNTL
PROP TAX
INCREMNTL INCREMNTL
PROP TAX PROP TAX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
1,501,493
1,546,538
1,592,934
1,640,722
1,689,944
1,740,642
1,792,861
1,846,647
1,902,047
1,959,108
2,017,881
2,078,418
2,140,770
2,204,993
2,271,143
2,339,277
2,409,456
2,481,739
2,556,192
2,632,877
2,711,864
2,793,220
2,877,016
2,963,327
3,052,226
1,571,897
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
172,445
177,619
182,947
188,436
194,089
199,911
205,909
212,086
218,448
225,002
231,752
238,705
245,866
253,242
260,839
268,664
276,724
285,026
293,576
302,384
311,455
320,799
165,211
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
208,716
214,977
221,427
228,069
234,911
241,959
249,218
256,694
264,395
272,327
280,497
288,911
297,579
306,506
315,701
325,172
334,928
344,975
355,325
365,984
376,964
388,273
399,921
205,959
$
$
492,025
$
506,786
$
521,989
$
537,649
$
553,778
$
570,392
$
587,504
$
605,129
$
623,282
$
641,981
$
661,240
$
681,078
$
701,510
$
722,555
$
744,232
$
766,559
$
789,556
$
813,242
$
837,640
$
862,769
$
888,652
$
915,311
$
942,771
$
971,054
$ 1,000,185
$
515,095
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
-
$ 56,315,231
$
5,431,134
$ 22,080,182
$ 6,979,388
$ 18,453,963
$
-
$ 109,259,898
19
20
21
10
17
18
701,073
722,105
743,769
766,082
789,064
812,736
837,118
862,232
888,099
914,741
942,184
970,449
999,563
1,029,550
1,060,436
1,092,249
1,125,017
1,158,767
1,193,530
1,229,336
1,266,216
1,304,203
671,664
22
1,993,518
2,053,324
2,323,639
3,266,867
3,364,873
3,465,819
3,569,793
3,676,887
3,787,194
3,900,810
4,017,834
4,138,369
4,262,520
4,390,396
4,522,108
4,657,771
4,797,504
4,941,429
5,089,672
5,242,362
5,399,633
5,561,622
5,728,471
5,900,325
6,077,334
3,129,827
TOTAL
CUMUL
INCREMNTL
PROP TAX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
1,993,518
4,046,842
6,370,481
9,637,347
13,002,220
16,468,039
20,037,832
23,714,720
27,501,914
31,402,723
35,420,557
39,558,926
43,821,446
48,211,842
52,733,949
57,391,720
62,189,224
67,130,653
72,220,325
77,462,687
82,862,320
88,423,941
94,152,412
100,052,737
106,130,071
109,259,898
SHEET 2.1
SUMMARY ALL PERSONAL PROPERTY TAXES
LAKE PARK
GOLF
YEAR
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
TOTAL
SOURCE
SHEET
CONVENTION
CENTER
RESORT
LODGE
DCTA
RESTAURANTS
TOWER BAY
MULTIFAMILY
MARINA
WET SLIPS
TOTAL
INCREMNTL
PER PROP TX
INCREMNTL
PER PROP TX
INCREMNTL
PER PROP TX
INCREMNTL
INCREMNTL
PER PROP TX PER PROP TX
INCREMNTL
PER PROP TX
INCREMNTL
PER PROP TX
INCREMNTL
PER PROP TX
INCREMNTL
PER PROP TX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
195,847
201,722
207,774
214,007
220,427
227,040
233,851
240,867
248,093
255,536
263,202
271,098
279,231
287,608
296,236
305,123
314,277
323,705
333,416
343,419
353,721
364,333
375,263
386,521
398,116
205,030
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
22,493
23,168
23,863
24,579
25,316
26,075
26,858
27,663
28,493
29,348
30,229
31,135
32,069
33,032
34,022
35,043
36,094
37,177
38,293
39,441
40,625
41,843
21,549
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
195,847
201,722
207,774
236,500
243,595
250,903
258,430
266,183
274,168
282,393
290,865
299,591
308,579
317,836
327,371
337,193
347,308
357,728
368,459
379,513
390,899
402,626
414,704
427,145
439,960
226,579
$
-
$
-
$
7,345,465
$
708,409
$
-
$
-
$
-
$
-
$
8,053,874
10
17
18
19
20
21
22
23
TOTAL
CUMUL
INCREMNTL
PER PROP TX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
195,847
397,569
605,343
841,843
1,085,438
1,336,341
1,594,771
1,860,954
2,135,123
2,417,516
2,708,382
3,007,973
3,316,552
3,634,388
3,961,759
4,298,952
4,646,260
5,003,988
5,372,447
5,751,961
6,142,859
6,545,485
6,960,189
7,387,335
7,827,294
8,053,874
SHEET 2.2
SUMMARY OF ALL VALUES
GOLF
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
Total
Value
-
CONVENTION
CENTER
RESORT
LODGE
DCTA
Restraunts
Total
Value
Total
Value
Total
Value
Total
Value
Total
Value
-
T Bay MF
69,000,000
71,070,000
73,202,100
75,398,163
77,660,108
79,989,911
82,389,608
84,861,297
87,407,136
90,029,350
92,730,230
95,512,137
98,377,501
101,328,826
104,368,691
107,499,752
110,724,744
114,046,487
117,467,881
120,991,918
124,621,675
128,360,325
132,211,135
136,177,469
140,262,793
144,470,677
7,924,593
8,162,330
8,407,200
8,659,416
8,919,199
9,186,775
9,462,378
9,746,249
10,038,637
10,339,796
10,649,990
10,969,489
11,298,574
11,637,531
11,986,657
12,346,257
12,716,645
13,098,144
13,491,088
13,895,821
14,312,696
14,742,076
15,184,339
32,217,297
33,183,816
34,179,330
35,204,710
36,260,852
37,348,677
38,469,137
39,623,212
40,811,908
42,036,265
43,297,353
44,596,274
45,934,162
47,312,187
48,731,552
50,193,499
51,699,304
53,250,283
54,847,792
56,493,225
58,188,022
59,933,663
61,731,673
Total
Value
9,591,378
9,879,119
10,175,493
10,480,758
10,795,180
11,119,036
11,452,607
11,796,185
12,150,071
12,514,573
12,890,010
13,276,710
13,675,012
14,085,262
14,507,820
14,943,054
15,391,346
15,853,086
16,328,679
16,818,539
17,323,096
17,842,788
18,378,072
18,929,414
22,610,640
23,288,959
23,987,628
24,707,257
25,448,475
26,211,929
26,998,287
27,808,235
28,642,482
29,501,757
30,386,809
31,298,414
32,237,366
33,204,487
34,200,622
35,226,640
36,283,440
37,371,943
38,493,101
39,647,894
40,837,331
42,062,451
43,324,324
44,624,054
45,962,776
47,341,659
MARINA
WET SLIPS
ALL AREAS
Total
Value
TOTAL
Value
-
91,610,640
94,358,959
106,781,106
150,126,429
154,630,222
159,269,128
164,047,202
168,968,618
174,037,677
179,258,807
184,636,571
190,175,668
195,880,938
201,757,366
207,810,087
214,044,390
220,465,722
227,079,693
233,892,084
240,908,847
248,136,112
255,580,196
263,247,601
271,145,029
279,279,380
287,657,762
INCREMNTL
91,610,640
2,748,319
12,422,147
43,345,323
4,503,793
4,638,907
4,778,074
4,921,416
5,069,059
5,221,130
5,377,764
5,539,097
5,705,270
5,876,428
6,052,721
6,234,303
6,421,332
6,613,972
6,812,391
7,016,763
7,227,265
7,444,083
7,667,406
7,897,428
8,134,351
8,378,381
287,657,762
SOURCE
SHEET
2
2
2
2
2
2
SUMMARY ALL SALES FOR CONSUMPTION TAXES
SHEET 2.3
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
TOTAL
SOURCE
SHEET
<……………..HOTEL…………..………>
HOTEL/MOTEL ROOM RENTAL
SALES
REVENUE
SALES
SALES
OTHER
<……………..LODGE …………..………>
HOTEL/MOTEL ROOM RENTAL
SALES
REVENUE
SALES
SALES
OTHER
ALL RESORT ALL RESORT
HOTEL/MOTEL OTHER
SALES
SALES
GOLF
MARINA
DCTA
RESTRAUNTS TOTAL
ANNUAL
SALES
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3
3
3
3
3
3
3
3
3
3
SHEET 3
TOTAL INCREMENTAL CONSUMPTION TAX: ALL AREAS, ALL ACTIVITIES
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
SOURCE
SHEET
<……………..HOTEL…………..………>
HOTEL/MOTEL ROOM RENTAL SALES
TAXES
REVENUE
TAXES
SALES TAX
OTHER
<……………..LODGE…………..………>
HOTEL/MOTEL ROOM RENTAL SALES
TAXES
REVENUE
TAXES
SALES TAX
OTHER
GOLF
MARINA
DCTA
RESTRAUNTS
TOTAL ANNUAL
SALES
TAXES
TOTAL
TOTAL ANNUAL CUMULATIVE
CONSUMPTN
CONSUMPTN
TAXES
TAX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
$
$
-
3.1
3.1
3.1
3.2
3.2
3.2
3.3
3.6
3.8
3.9
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
HOTEL: CONSUMPTION TAXES
SHEET 3.1
ROOMS
ROOMS
AVAILABLE
PERCENT ROOMS
OCCUPIED OCCUPIED
AVG
HOTEL/MOTEL ROOM RENTAL FOOD &
DAILY TAXES
REVENUE
BEVERAGE
RATE
SALES TAX
SALES
TOTAL
CUMULATIVE
CONSUMPTION CONSUMPTION
TAXES; ANNUAL TAXES
SALES
TAXES
OTHER
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
0
0
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
109,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
$
$
-
$ $
-
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
RESORT HOTEL 2020: CONSUMPTION TAXES
SHEET 3.2
ROOMS
ROOMS
AVAILABLE
PERCENT ROOMS
OCCUPIED OCCUPIED
AVG
HOTEL/MOTEL ROOM RENTAL FOOD &
DAILY TAXES
REVENUE
BEVERAGE
RATE
SALES TAX
SALES
TOTAL
CUMULATIVE
CONSUMPTION CONSUMPTION
TAXES; ANNUAL TAXES
SALES
TAXES
OTHER
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
$
-
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
$
-
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
LAKE PARK GOLF COURSE
SHEET 3.3
CONSUMPTION TAXES; LAKE PARK GOLF
RESORT
GREEN FEES
MEMBER
GREEN FEES
OUTING
GREEN FEES
RANGE/EQPT
RENTALS
CART
RENTALS
MERCHANDISE
FOOD &
BEVERAGE
SALES
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
CURRENT
SALE TAX
CO. BASIS
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL INCREMENTAL CUMULATIVE
CONSUMPTION
CONSUMPTION
TAXES; ANNUAL
TAXES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
MARINA
SHEET 3.6
CONSUMPTION TAXES
…….SLIP RENTAL…….
SOUTH
NORTH
DRY STORAGE
MERCHANDISE SNACK
BAR
OTHER
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
-
$
-
$
-
$
-
$
-
$
-
CURRENT
SALE TAX
CO. BASIS
$
-
TOTAL INCREMENTAL TOTAL
CONSUMPTION
CUMULATIVE
TAXES; ANNUAL
CONSUMPTION
TAX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
-
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
SALES TAXES: DCTA MF
SHEET 3.8
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
Acres
Retail
Acres
Covered
Square
Feet
VALUE OF
RETAIL
SALES
TOTAL SALES
TAX
ANNUAL
1.00
-
0.30
-
13,068
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
1.00
0.30
13,068
$
-
$
-
CUMULATIVE
SALES
TAXES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
SALES TAXES : Restraunts
SHEET 3.9
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Acres
Retail
Acres
Covered
Square
Feet
VALUE OF
RETAIL
SALES
TOTAL SALES
TAX
ANNUAL
2014
0
2015
0
2016
0
2017
0
2018 1.836547
2019
0
2020
0
2021
0
2022
0
2023
0
2024
0
2025
0
2026
0
2027
0
2028
0
2029
0
2030
0
2031
0
2032
0
2033
0
2034
0
2035
0
2036
0
2037
0
2038
0
2039
0
2040
0
2041
0
2042
0
0.55
-
24,000
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
1.84
0.55
24,000
$
-
$
-
CUMULATIVE
SALES
TAXES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
SHEET 4
CONSTRUCTION SALES TAX SUMMARY
CONVENTION
CENTER
GOLF
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
STATE
COUNTY
STATE
HOTEL
COUNTY
STATE
LODGE
COUNTY
STATE
DCTA
CNTY
RESTRAUNTS
STATE
COUNTY
STATE
TOWER BAY MF
MARINA
COUNTY
STATE
CNTY
STATE
TOTAL
ANNUAL
STATE
CNTY
TOTAL
CUMUL
STATE
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL
$
SOURCE
SHEET
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
TO SHEET
10
10
17
17
18
18
19
19
20
20
21
21
22
22
23 & 24
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
TOTAL
ANNUAL
COUNTY
-
TOTAL
CUMUL
COUNTY
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
23 & 24
1
1
1
1
LAKE PARK GOLF
PROPERTY TAXES
SHEET 10
YEAR
1
2014
2
2015
3
2016
4
2017
5
2018
6
2019
7
2020
8
2021
9
2022
10
2023
11
2024
12
2025
13
2026
14
2027
15
2028
16
2029
17
2030
18
2031
19
2032
20
2033
21
2034
22
2035
23
2036
24
2037
25
2038
26
2039
27
2040
28
2041
29
2042
TOTALS
SOURCE SHEET
TO SHEET
Acres
Market
Value of Land
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Construction
Cost of
Course
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Market value
of
course
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Total
Total
Assesed
Assesed
Property
Value:real
Value:persnl Tax: inc per.
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Current Land
Value
(A ONLY)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Current
Property Tax
(A ONLY)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
INCREMENTAL
PROPERTY
TAX ANNUAL
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL CUMULATIVE
INCREMENTAL
PROPERTY TAXES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
ANNUAL
constr
(county)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
ANNUAL
constr
(st match)
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4
-
4
CONVENTION CENTER PROPERTY TAX
SHEET 17
acres
land value
Square
Feet
construction
cost
Total Market
value: Real
Value of
Building
total assessed
value:Real
total assessed
value:Per
total
property
tax: inc. per.
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Current
Property
Tax
on Land
YEAR
1
2014
2
2015
3
2016
4
2017
5
2018
6
2019
7
2020
8
2021
9
2022
10
2023
11
2024
12
2025
13
2026
14
2027
15
2028
16
2029
17
2030
18
2031
19
2032
20
2033
21
2034
22
2035
23
2036
24
2037
25
2038
26
2039
27
2040
28
2041
29
2042
TOTALS
SOURCE SHEET
TO SHEET
3.00
3.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
45,000
45,000
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
-
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
INCREMENTAL
PROPERTY
TAX
ANNUAL
CUMULATIVE
INCREMENTAL
PROPERTY
TAX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
ANNUAL
sales tax
constr
(county)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
ANNUAL
sales tax
constr
(st match)
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4
-
4
HOTEL
PROPERTY TAX
SHEET 18
acres
land value
UNITS
construction
cost
value of
UINTS
total mkt
value
total assessed
value: Real
total assessed
value:per
Total
Property
Tax inc personal
current
property
tax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
YEAR
1
2014
2
2015
3
2016
4
2017
5
2018
6
2019
7
2020
8
2021
9
2022
10
2023
11
2024
12
2025
13
2026
14
2027
15
2028
16
2029
17
2030
18
2031
19
2032
20
2033
21
2034
22
2035
23
2036
24
2037
25
2038
26
2039
27
2040
28
2041
29
2042
TOTALS
SOURCE SHEET
TO SHEET
23.90
23.90
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
0
0
300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
60,000,000
60,000,000
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
60,000,000
61,800,000
63,654,000
65,563,620
67,530,529
69,556,444
71,643,138
73,792,432
76,006,205
78,286,391
80,634,983
83,054,032
85,545,653
88,112,023
90,755,383
93,478,045
96,282,386
99,170,858
102,145,984
105,210,363
108,366,674
111,617,674
114,966,205
118,415,191
121,967,646
125,626,676
129,395,476
60,000,000
61,800,000
63,654,000
65,563,620
67,530,529
69,556,444
71,643,138
73,792,432
76,006,205
78,286,391
80,634,983
83,054,032
85,545,653
88,112,023
90,755,383
93,478,045
96,282,386
99,170,858
102,145,984
105,210,363
108,366,674
111,617,674
114,966,205
118,415,191
121,967,646
125,626,676
129,395,476
600,000
618,000
636,540
655,636
675,305
695,564
716,431
737,924
760,062
782,864
806,350
830,540
855,457
881,120
907,554
934,780
962,824
991,709
1,021,460
1,052,104
1,083,667
1,116,177
1,149,662
1,184,152
1,219,676
1,256,267
1,293,955
90,000
92,700
95,481
98,345
101,296
104,335
107,465
110,689
114,009
117,430
120,952
124,581
128,318
132,168
136,133
140,217
144,424
148,756
153,219
157,816
162,550
167,427
172,449
177,623
182,951
188,440
194,093
1,501,493
1,546,538
1,592,934
1,640,722
1,689,944
1,740,642
1,792,861
1,846,647
1,902,047
1,959,108
2,017,881
2,078,418
2,140,770
2,204,993
2,271,143
2,339,277
2,409,456
2,481,739
2,556,192
2,632,877
2,711,864
2,793,220
2,877,016
2,963,327
3,052,226
3,143,793
3,238,107
-
INCREMENTAL
PROPERTY
TAX
ANNUAL
CUMULATIVE
INCREMENTAL
PROPERTY
TAX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
1,501,493
1,546,538
1,592,934
1,640,722
1,689,944
1,740,642
1,792,861
1,846,647
1,902,047
1,959,108
2,017,881
2,078,418
2,140,770
2,204,993
2,271,143
2,339,277
2,409,456
2,481,739
2,556,192
2,632,877
2,711,864
2,793,220
2,877,016
2,963,327
3,052,226
3,143,793
3,238,107
61,125,235
1,501,493
3,048,031
4,640,965
6,281,687
7,971,631
9,712,273
11,505,134
13,351,781
15,253,828
17,212,936
19,230,817
21,309,235
23,450,005
25,654,998
27,926,141
30,265,419
32,674,874
35,156,614
37,712,805
40,345,683
43,057,546
45,850,766
48,727,782
51,691,109
54,743,335
57,887,128
61,125,235
ANNUAL
sales tax
constr
(county)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
ANNUAL
sales tax
constr
(st match)
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4
-
4
LODGE
PROPERTY TAX
SHEET 19
acres
land value
UNITS
construction
cost
value of
UINTS
total mkt
value
total assessed
value: Real
total assessed
value: Per
Total
Property
Tax-inc personal
current
property
tax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
YEAR
1
2014
2
2015
3
2016
4
2017
5
2018
6
2019
7
2020
8
2021
9
2022
10
2023
11
2024
12
2025
13
2026
14
2027
15
2028
16
2029
17
2030
18
2031
19
2032
20
2033
21
2034
22
2035
23
2036
24
2037
25
2038
26
2039
27
2040
28
2041
29
2042
TOTALS
SOURCE SHEET
TO SHEET
6.10
6.10
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
0
0
0
0
0
25200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
$
6,890,950
6,890,950
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
6,890,950
7,097,679
7,310,609
7,529,927
7,755,825
7,988,500
8,228,155
8,474,999
8,729,249
8,991,127
9,260,861
9,538,686
9,824,847
10,119,592
10,423,180
10,735,876
11,057,952
11,389,690
11,731,381
12,083,323
12,445,822
12,819,197
13,203,773
13,599,886
6,890,950
7,097,679
7,310,609
7,529,927
7,755,825
7,988,500
8,228,155
8,474,999
8,729,249
8,991,127
9,260,861
9,538,686
9,824,847
10,119,592
10,423,180
10,735,876
11,057,952
11,389,690
11,731,381
12,083,323
12,445,822
12,819,197
13,203,773
13,599,886
68,910
70,977
73,106
75,299
77,558
79,885
82,282
84,750
87,292
89,911
92,609
95,387
98,248
101,196
104,232
107,359
110,580
113,897
117,314
120,833
124,458
128,192
132,038
135,999
10,336
10,647
10,966
11,295
11,634
11,983
12,342
12,712
13,094
13,487
13,891
14,308
14,737
15,179
15,635
16,104
16,587
17,085
17,597
18,125
18,669
19,229
19,806
20,400
172,445
177,619
182,947
188,436
194,089
199,911
205,909
212,086
218,448
225,002
231,752
238,705
245,866
253,242
260,839
268,664
276,724
285,026
293,576
302,384
311,455
320,799
330,423
340,336
-
INCREMENTAL
PROPERTY
TAX
ANNUAL
CUMULATIVE
INCREMENTAL
PROPERTY
TAX
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
172,445
177,619
182,947
188,436
194,089
199,911
205,909
212,086
218,448
225,002
231,752
238,705
245,866
253,242
260,839
268,664
276,724
285,026
293,576
302,384
311,455
320,799
330,423
340,336
5,936,681
172,445
350,064
533,011
721,447
915,535
1,115,446
1,321,355
1,533,441
1,751,889
1,976,891
2,208,643
2,447,348
2,693,214
2,946,455
3,207,294
3,475,958
3,752,682
4,037,708
4,331,284
4,633,668
4,945,123
5,265,922
5,596,345
5,936,681
ANNUAL
sales tax
constr
(county)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
ANNUAL
sales tax
constr
(st match)
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4
-
4
DCTA MF: INCREMENTAL PROPERTY TAXES
SHEET 20
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
# of
MF Units
Acres
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
132
-
1.0
-
TOTALS
SOURCE
SHEET
TO SHEET
132
1.00
Market Value Constr $
of Land
bldg
Total Value
Added $
Total Market
Value $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$ 32,217,297
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$ 32,217,297
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$ 32,217,297
$ 32,217,297
-
32,217,297
33,183,816
34,179,330
35,204,710
36,260,852
37,348,677
38,469,137
39,623,212
40,811,908
42,036,265
43,297,353
44,596,274
45,934,162
47,312,187
48,731,552
50,193,499
51,699,304
53,250,283
54,847,792
56,493,225
58,188,022
59,933,663
61,731,673
63,583,623
Total
Assesed
Value: Real
$
$
$
$
$
$
322,173
$
331,838
$
341,793
$
352,047
$
362,609
$
373,487
$
384,691
$
396,232
$
408,119
$
420,363
$
432,974
$
445,963
$
459,342
$
473,122
$
487,316
$
501,935
$
516,993
$
532,503
$
548,478
$
564,932
$
581,880
$
599,337
$
617,317
$
635,836
Total
Assesed
Value:Per
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Property
Tax-inc. per.
$
$
$
$
$
$
701,073
$
722,105
$
743,769
$
766,082
$
789,064
$
812,736
$
837,118
$
862,232
$
888,099
$
914,741
$
942,184
$
970,449
$
999,563
$ 1,029,550
$ 1,060,436
$ 1,092,249
$ 1,125,017
$ 1,158,767
$ 1,193,530
$ 1,229,336
$ 1,266,216
$ 1,304,203
$ 1,343,329
$ 1,383,629
Current Land Current
Value
PropTax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL
TOTAL
ANNUAL
INCREMNTL
CUMUL
sales tax
PROP TAX
INCREMNTL
constr
ANNUALLY
PROP TAX
(county)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
701,073 $
701,073 $
$
722,105 $
1,423,179 $
$
743,769 $
2,166,947 $
$
766,082 $
2,933,029 $
$
789,064 $
3,722,093 $
$
812,736 $
4,534,829 $
$
837,118 $
5,371,947 $
$
862,232 $
6,234,178 $
$
888,099 $
7,122,277 $
8,037,018 $
$
914,741 $
$
942,184 $
8,979,202 $
$
970,449 $
9,949,651 $
$
999,563 $
10,949,214 $
$
1,029,550 $
11,978,764 $
$
1,060,436 $
13,039,200 $
$
1,092,249 $
14,131,449 $
$
1,125,017 $
15,256,466 $
$
1,158,767 $
16,415,233 $
$
1,193,530 $
17,608,763 $
$
1,229,336 $
18,838,099 $
$
1,266,216 $
20,104,315 $
$
1,304,203 $
21,408,518 $
$
22,751,847 $
1,343,329 $
$
1,383,629 $
24,135,475 $
$
24,135,475
$
ANNUAL
sales tax
constr
(st match)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
$
4
-
4
RESTAURANTS: INCREMENTAL PROPERTY TAXES
SHEET 21
YEAR
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Square
foot
retail
covered Acres
acres
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
24,000
-
0
0
0
0
0.551
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1.837
-
TOTALS
SOURCE
SHEET
TO SHEET
24,000
0.551
1.837
Market
Value of Land
Constr $
bldg
Total Value
Added $
Total Market
Value
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
9,591,378
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
9,591,378
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
9,591,378
$
9,591,378
-
9,591,378
9,879,119
10,175,493
10,480,758
10,795,180
11,119,036
11,452,607
11,796,185
12,150,071
12,514,573
12,890,010
13,276,710
13,675,012
14,085,262
14,507,820
14,943,054
15,391,346
15,853,086
16,328,679
16,818,539
17,323,096
17,842,788
18,378,072
18,929,414
19,497,297
Total
Assesed
Value: Real
$
$
$
$
$
95,914
$
98,791
$
101,755
$
104,808
$
107,952
$
111,190
$
114,526
$
117,962
$
121,501
$
125,146
$
128,900
$
132,767
$
136,750
$
140,853
$
145,078
$
149,431
$
153,913
$
158,531
$
163,287
$
168,185
$
173,231
$
178,428
$
183,781
$
189,294
$
194,973
Total
Assesed
Value: Per
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Property
Tax-inc.per.
$
$
$
$
$
208,716
$
214,977
$
221,427
$
228,069
$
234,911
$
241,959
$
249,218
$
256,694
$
264,395
$
272,327
$
280,497
$
288,911
$
297,579
$
306,506
$
315,701
$
325,172
$
334,928
$
344,975
$
355,325
$
365,984
$
376,964
$
388,273
$
399,921
$
411,919
$
424,276
Value
Prop Tax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL
TOTAL
ANNUAL
ANNUAL
INCREMNTL
CUMUL
sales tax
sales tax
PROP TAX
INCREMNTL
construction constr
ANNUALY
PROP TAXES
(county)
(st match)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
208,716 $
208,716 $
$
$
214,977 $
423,693 $
$
$
$
221,427 $
645,120 $
$
228,069 $
873,189 $
$
$
234,911 $
1,108,100 $
$
$
241,959 $
1,350,059 $
$
$
249,218 $
1,599,277 $
$
$
256,694 $
1,855,971 $
$
$
264,395 $
2,120,366 $
$
$
272,327 $
2,392,692 $
$
$
280,497 $
2,673,189 $
$
$
288,911 $
2,962,100 $
$
$
297,579 $
3,259,679 $
$
$
306,506 $
3,566,185 $
$
$
315,701 $
3,881,887 $
$
$
325,172 $
4,207,059 $
$
$
334,928 $
4,541,987 $
$
$
344,975 $
4,886,962 $
$
$
355,325 $
5,242,287 $
$
$
365,984 $
5,608,271 $
$
$
376,964 $
5,985,235 $
$
$
388,273 $
6,373,508 $
$
$
399,921 $
6,773,429 $
$
$
411,919 $
7,185,347 $
$
$
424,276 $
7,609,623 $
$
$
7,609,623
$
-
$
4
-
4
TOWER BAY MULTIFAMILY: INCREMENTAL PROPERTY TAXES
SHEET 22
YEAR Units Market
Value of Land
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
200
-
TOTALS
200
SOURCE
SHEET
TO SHEET
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Construction
cost-bldg
Total
Value Added
Total Market
Value
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
22,610,640
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
22,610,640
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
22,610,640
$
22,610,640
22,610,640
23,288,959
23,987,628
24,707,257
25,448,475
26,211,929
26,998,287
27,808,235
28,642,482
29,501,757
30,386,809
31,298,414
32,237,366
33,204,487
34,200,622
35,226,640
36,283,440
37,371,943
38,493,101
39,647,894
40,837,331
42,062,451
43,324,324
44,624,054
45,962,776
47,341,659
48,761,909
Total
Assesed
Value:Real
$
$
$
226,106
$
232,890
$
239,876
$
247,073
254,485
$
$
262,119
$
269,983
$
278,082
$
286,425
$
295,018
$
303,868
$
312,984
$
322,374
$
332,045
$
342,006
$
352,266
$
362,834
$
373,719
$
384,931
$
396,479
$
408,373
$
420,625
$
433,243
$
446,241
$
459,628
$
473,417
$
487,619
Total
Assesed
Value:Per
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Property
Tax: inc. per.
$
$
$
492,025
$
506,786
$
521,989
$
537,649
$
553,778
$
570,392
$
587,504
$
605,129
$
623,282
$
641,981
$
661,240
681,078
$
$
701,510
$
722,555
$
744,232
$
766,559
$
789,556
$
813,242
$
837,640
$
862,769
$
888,652
$
915,311
$
942,771
$
971,054
$ 1,000,185
$ 1,030,191
$ 1,061,097
Value
Property Tax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL
INCREMENTAL
PROPERTY
TAX: ANNUAL
$
$
$
492,025
$
506,786
$
521,989
$
537,649
$
553,778
$
570,392
$
587,504
$
605,129
$
623,282
$
641,981
$
661,240
$
681,078
$
701,510
$
722,555
$
744,232
$
766,559
$
789,556
$
813,242
$
837,640
$
862,769
$
888,652
$
915,311
$
942,771
$
971,054
$
1,000,185
1,030,191
$
$
1,061,097
$
20,030,155
ANNUAL
TOTAL CUMUL sales tax
INCREMENTAL constr
PROP TAXES
(county)
$
$
$
$
$
492,025 $
$
998,811 $
$
1,520,800 $
$
2,058,449 $
$
2,612,227 $
$
3,182,619 $
$
3,770,122 $
$
4,375,251 $
$
4,998,534 $
$
5,640,514 $
$
6,301,755 $
$
6,982,832 $
$
7,684,342 $
$
8,406,898 $
$
9,151,129 $
$
9,917,688 $
$
10,707,244 $
$
11,520,486 $
$
12,358,126 $
$
13,220,894 $
$
14,109,546 $
$
15,024,857 $
$
15,967,628 $
$
16,938,682 $
$
17,938,867 $
$
18,969,058 $
$
20,030,155 $
$
ANNUAL
sales tax
constr
(st match)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
-
$
4
-
4
MARINA WET SLIPS: INCREMENTAL PROPERTY TAXES
SHEET 23
YEAR Wet
Slips
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
-
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TOTALS
SOURCE
SHEET
TO SHEET
0
Market
Value of Land
Construction
cost-Wet Slips
Construction
cost-Dry Slips
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Construction
Cost
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
-
$
-
$
-
-
Total Market
Value
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Assesed
Value:Real
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Assesed
Value:Per
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Total
Property
Tax: inc. per.
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
Value
Property Tax
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL
INCREMENTAL
PROPERTY
TAX: ANNUAL
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
TOTAL CUMULATIVE
INCREMENTAL
PROPERTY TAXES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
ANNUAL
ANNUAL
sales tax
sales tax
construction constr
(county)
(st match)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
4
-
4
DEVELOPMENT & OPERATING MODEL
Hotel/Resort
KEY DATES
Initial vx Expa
NA
NA
1
1
1
1
1
1
1
1
1
1
1
1
Item (Initial=1; Expan=2)
Analysis Begins
First Funding
Design/Arch
Land Acquisition
Resort Construction- 300 rm
Site Development
Hardscape
Water Features & Pools
Planting & Landscaping
Lighting & Signage
Site Furnishing
Dev Fee/Admin/Exp/OH
Contingency
Asset Mgt Fee/OH
Begin Operations Period
Refinance to Permanent Loan
Resize Permanent Loan
Sale
Rooms
% Rooms
% Occup
9
13
17
21
25
29
33
37
41
45
49
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
58.0%
65.0%
69.0%
72.5%
72.5%
72.5%
72.5%
72.5%
72.5%
72.5%
72.5%
Period Chng
9
13
17
21
25
29
33
37
41
45
49
53
57
61
65
69
73
77
Rooms
Net %
70.25%
72.96%
74.64%
75.80%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
76.00%
Start Date
1
1
1.14
1.14
3.14
3.14
3.14
2.15
2.15
1.15
3.14
3.14
1.14
End Date
NA
NA
2.14
1.14
4.15
3.15
2.15
4.15
4.15
4.15
4.15
4.15
4.15
-
9
24
0
72
Period Chng
Rooms
Period Chng Room Rate
Change
9
$ 151.00
13
$ 160.03
17
$ 169.95
21
$ 178.45
25
$ 185.41
29
$ 190.97
33
$ 196.70
37
$ 202.60
41
$ 208.68
45
$ 214.94
49
$ 221.39
53
$ 228.03
57
$ 234.87
61
$ 241.92
65
$ 249.17
69
$ 256.65
73
$ 264.35
77
$ 272.28
Cost
NA
NA
4,550,119
45,085,754
1,288,000
2,430,050
1,204,000
2,520,500
500,000
502,500
2,904,046
8,029,621
-
% Rate
Change
na
5.98%
6.20%
5.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
Net % Chg
70.25%
2.71%
1.68%
1.15%
0.21%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
ROOMS AND OCCUPANCY
Transient Rooms (NA)
Period Chng
% Rooms
% Occup
9
13
17
21
25
29
33
37
41
45
49
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Complimentary Rooms
Period Chng
% Rooms
% Occup
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Conference Services
Period Chng
Room Rate
% Rate
Change
Change
9
$
33.84
na
13
$
34.48
1.89%
17
$
35.33
2.47%
21
$
36.24
2.58%
25
$
37.32
2.98%
29
$
38.44
3.00%
33
$
39.59
3.00%
37
$
40.78
3.00%
41
$
42.00
3.00%
45
$
43.26
3.00%
49
$
44.56
3.00%
53
$
45.90
3.00%
57
$
47.28
3.00%
61
$
48.69
3.00%
65
$
50.15
3.00%
69
$
51.66
3.00%
73
$
53.21
3.00%
77
$
54.81
3.00%
Conference Services
Period Chng
Net %
Net % Chg
9
50.49%
50.49%
13
52.93%
2.45%
17
54.10%
1.17%
21
55.06%
0.95%
25
55.05%
-0.01%
29
55.00%
-0.05%
33
55.00%
0.00%
37
55.00%
0.00%
41
55.00%
0.00%
45
55.00%
0.00%
49
55.00%
0.00%
53
55.00%
0.00%
57
55.00%
0.00%
61
55.00%
0.00%
65
55.00%
0.00%
69
55.00%
0.00%
73
55.00%
0.00%
77
55.00%
0.00%
Lngth (Qtrs)
Jan-14
#N/A
2
1
6
5
4
3
3
4
6
6
8
0
#N/A
#N/A
#N/A
#N/A
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Period Chng
9
13
17
21
25
29
33
37
41
45
49
53
57
61
65
69
73
77
Period Chng
9
13
17
21
25
29
33
37
41
45
49
53
57
61
65
69
73
77
Food & Beverage
Room Rate
Change
$
134.48
$
137.03
$
141.76
$
148.23
$
155.64
$
160.31
$
165.12
$
170.07
$
175.17
$
180.43
$
185.84
$
191.42
$
197.16
$
203.07
$
209.17
$
215.44
$
221.91
$
228.56
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
% Rate
Change
na
1.90%
3.45%
4.56%
5.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
Food & Beverage
Net %
Net % Chng
23.80%
23.80%
26.85%
3.05%
27.87%
1.02%
28.49%
0.62%
28.49%
0.00%
28.50%
0.01%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
28.50%
0.00%
DEAL INFORMATION
CITY OF LEWISVILLE - LAKE SECTCity:
Lewisville
State:
Texas
Hotel/Resort
Expansion
Total
Expan Period
Initial
Number of Rooms
300
300
Convention Cntr Sf Ft
Acres
15
15
EQUITY STRUCTURE
Expansion
Total
Initial
Equity Investment
$10,600,000
$0
$10,600,000
Preferred Return Rate
0.00%
IRR Hurdle 1
25%
IRR Hurdle 2
30%
Splits
Dev Loan
Mezz Loan
Equity
Developer
I (Prior to Debt Fundings)
NA
NA
100.00%
0.00%
II (Prior to Const Loan payoff)
90.00%
5.00%
5.00%
0.00%
III (Prior to Mezz Loan payoff )
NA
90.00%
10.00%
0.00%
IV (Prior to Eqty & Pref payout )
NA
NA
100.00%
0.00%
V (Split prior to IRR Hurdle 1)
NA
NA
100.00%
0.00%
VI (Split prior to IRR Hurdle 2)
NA
NA
100.00%
0.00%
VII (Split post IRR Hurdle 2)
NA
NA
100.00%
0.00%
DISPOSITION
RETURNS
IRR (Equity)
21.45%
Capitalization Rate
8.00%
IRR (Project)
11.02%
Cost of Sales
6.00%
Developer
Gross Sale Proceeds
$142,255,882
Equity
Preferred Return
0 Net Sale Proceeds
$133,720,529
Profit
109,224,286
Total Return
109,224,286
Multiple
11.3
Property Name:
Section:
Admin & Gen
Human Resour
Sales/Mktg/Pr
Prop Oper
Utilities
QUARTERLY ALLOCATION OF ANNUAL COSTS
1st Qtr
2nd Qtr
3rd Qtr
23.31%
26.69%
26.69%
25.00%
25.00%
25.00%
23.96%
26.04%
26.04%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
INCOME ITEM RATES
Telephone
Room Rate
Change
9
$
1.75
13
$
1.78
17
$
1.83
21
$
1.88
25
$
1.93
29
$
1.99
33
$
2.05
37
$
2.11
41
$
2.17
45
$
2.24
49
$
2.30
53
$
2.37
57
$
2.44
61
$
2.52
65
$
2.59
69
$
2.67
73
$
2.75
77
$
2.83
Period Chng
% Rate
Change
na
1.71%
2.81%
2.73%
2.66%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
OPERATING DEPARTMENT % NET
Telephone
Period Chng
Net %
Net % Chg
9
-14.41%
-14.41%
13
-9.45%
4.97%
17
-5.80%
3.65%
21
-3.36%
2.44%
25
-3.27%
0.09%
29
-3.25%
0.02%
33
-3.25%
0.00%
37
-3.25%
0.00%
41
-3.25%
0.00%
45
-3.25%
0.00%
49
-3.25%
0.00%
53
-3.25%
0.00%
57
-3.25%
0.00%
61
-3.25%
0.00%
65
-3.25%
0.00%
69
-3.25%
0.00%
73
-3.25%
0.00%
77
-3.25%
0.00%
Period Chng
9
13
17
21
25
29
33
37
41
45
49
53
57
61
65
69
73
77
Period Chng
9
13
17
21
25
29
33
37
41
45
49
53
57
61
65
69
73
77
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4th Qtr
23.31%
25.00%
23.96%
25.00%
25.00%
YEARLY
ESCALATION
(see Oper Pg)
(see Oper Pg)
(see Oper Pg)
(see Oper Pg)
(see Oper Pg)
Spa
Spa Rate
Change
14.93
15.22
15.74
16.45
17.28
17.80
18.33
18.88
19.45
20.03
20.63
21.25
21.89
22.55
23.22
23.92
24.64
25.38
% Rate
Change
na
1.94%
3.42%
4.51%
5.05%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
3.00%
Spa
Net %
18.88%
24.10%
27.33%
30.63%
31.92%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
Net % Chng
18.88%
5.22%
3.23%
3.29%
1.30%
0.08%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
MEZZANINE LOAN
PERMANENT LOAN
CONSTRUCTION LOAN
Initial
Expansion
Max Loan $
$ 17,500,000 Original Principal Bal
$76,350,000
$42,262,446
$0 Interest Rate
10.00%
1st Addl Advance
$0
60.06%
N.A.
Interest Paid
2
LTV
87%
or Accrued - 1=Paid; 2=Accr DSCR
1.25
Interest Rate
Prime
Qtr
Effective Rate
Interest Paid $ $ 10,957,307 Interest Rate as of
07/18/09
3.250%
Initial
6.00%
Interest Rate %
6.000%
Margin
13
6.75%
Initial Funding to Max after
10-yr T Rate
Margin
Contingency
2.750%
17
6.75%
Equity Max $
1
2.600%
2.500%
0.900%
Conting
21
6.75%
(1 = YES; 2 = NO)
Term
10 year
0.000%
25
6.75%
Fund % if 1
100.00%
Amortization
30 year
29
6.75%
Fund % if 2
0.00%
Initial Qrtly Pymnt
$1,375,714
CONSTRUCTION DEBT/EQUITY FUNDING PRIORITY AND STRUCTURE
EQUITY
DEBT
Total $
%
$
Qtr
%
$
Qtr
Initial Fndng to Max
NA
NA
NA
100.00%
1
(1=YES; 2=NO)
Init Oper Fund % if No Max
100.00%
NA
NA
0.00%
NA
NA
Init Const Fund % if No Max
100.00%
NA
NA
0.00%
NA
NA
Expans Fndng to Max
NA
NA
NA
100.00%
2
(1=YES; 2=NO)
Exp Const Fund % if N/Max
50.00%
NA
NA
50.00%
NA
NA
Add'l $ & Qtr
50.00%
15
50.00%
13
Add'l $ & Qtr
50.00%
16
50.00%
14
Add'l $ & Qtr
50.00%
17
50.00%
17
Add'l $ & Qtr
50.00%
17
50.00%
17
Add'l $ & Qtr
50.00%
50.00%
17
Add'l $ & Qtr
50.00%
50.00%
17
SUMMARY
Rooms
257,043,988
Food & Beverage
216,265,334
OTHER EXPENSES
Conference Services
52,230,392
Initial Cost
Qtr Start
Yrly Escal
Telephone
2,701,549
Mgmt Fee
3.00%
(on total income)
NA
Spa
24,010,848
Insurance per qtr
43,750
9
3.00%
Other
13,290,065
Prop Tax per qtr
325,250
9
2.00%
Total Income
565,542,178
P Tax on Expan
0
0.00%
Departmental Income/Loss
Equip Lease qtrly
9
0.00%
Rooms
194,258,970
Shared Services
1.00%
(on total income)
NA
Food & Beverage
61,002,761
Conference Services
28,557,840
PEAK DEBT/EQUITY
Telephone
(111,803)
Other
Avg Debt %
6.27%
Spa
7,398,709
Period Chng
Room Rate
% Rate
Peak Debt $
42,262,446
Other
8,620,772
Change
Change
4.16
Gross Profit
299,727,248
Peak Debt Date
9
$
9.02
na
Peak Equity $
10,600,000 Administrative & General
39,328,193
13
$
8.95
-0.78%
Peak Eqty Date
3.14 Human Resources
17
$
9.05
1.12%
Sales/Marketing/Pr
31,119,244
CAPITAL RESERVE
21
$
9.19
1.55%
Property Operations
20,721,403
25
$
9.46
2.94%
Cap Res - Yr 1
2.00%
Utilities
19,499,504
29
$
9.74
3.00%
Cap Res - Yr 2
3.00%
Operating Expenses:
110,668,344
33
$
10.04
3.00%
Cap Res-Yr 3+
4.00%
Management Fee
16,966,265
37
$
10.34
3.00%
Start Quarter
9
Insurance
3,527,454
41
$
10.65
3.00%
Property Taxes
24,249,710
45
$
10.97
3.00%
Shared Services Fee
5,655,422
CITY TAX RATES
49
$
11.30
3.00%
Property
0.440210 Equipment Leases
53
$
11.63
3.00%
Sales
1.0% Fixed Exp & Mgmt Fee
50,398,851
57
$
11.98
3.00%
Hotel/Motel
7.0%
NOI:
138,660,053
61
$
12.34
3.00%
Total Prop TR
2.1761 FF&E Reserve:
(21,927,799)
65
$
12.71
3.00%
CF BDS & Constr:
116,732,254
69
$
13.09
3.00%
Loan Costs: Interest:
(61,256,601)
73
$
13.49
3.00%
Initial Construction Cost
(69,014,590)
77
$
13.89
3.00%
Expansion Construction Cost
Net Sale Price:
133,720,529
EB5 FUNDING
# of EB5 Inv
1
NCF before Debt/Equity
120,181,593
Period of
# of Funding Constr Loan $ Rec
42,262,446
Other
Period Chng
Net %
Net % Chg
Change
Investors/Qtr Constr Loan Paid - Oper
(7,348,726)
9
63.35%
63.35%
4
1 Constr Loan Paid - Refin
(34,913,720)
13
64.21%
0.86%
5
Perm Loan Proceeds
76,350,000
17
64.62%
0.41%
0
Perm Loan Prin Paid - Oper
(16,387,994)
21
64.93%
0.31%
0
Loan Repaid from Sale
(59,962,006)
25
64.98%
0.05%
0
Mezz Loan $ Rec
17,500,000
29
65.00%
0.02%
0
Mezz Loan Paid - Oper/Sale
(408,263)
33
65.00%
0.00%
0
Mezz Loan Paid - Refin
(28,049,044)
37
65.00%
0.00%
0
Equity Contribution
10,600,000
41
65.00%
0.00%
0
Equity Repayment
(10,600,000)
45
65.00%
0.00%
0
Equity Preferred Return Paid
49
65.00%
0.00%
0
Net CF before Profit Distr
109,224,286
53
65.00%
0.00%
0
Equity Profit
(109,224,286)
57
65.00%
0.00%
0
Developer Profit
61
65.00%
0.00%
0
Net
(0)
65
65.00%
0.00%
0
Total Net to Equity
109,224,286
69
65.00%
0.00%
0
Total To Developer
73
65.00%
0.00%
0
Total
109,224,286
77
65.00%
0.00%
0
Difference
(0)
Total Loan $ Fund
LTC
Hotel/Resort
1
Annual Projection
11/27/2012
2014
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Administrative & General
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Fixed Exp & Mgmt Fee
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
(26,459,254)
Net Sale Price:
NCF before Debt/Equity:
(26,459,254)
Constr Loan $ Rec
Constr Loan Paid - Oper
Constr Loan Paid - Refin
Perm Loan Proceeds
Mezz Loan $ Rec
15,859,254
Mezz Loan Paid - Oper
Mezz Loan Paid - Sale
Equity Contribution:
10,600,000
Equity Repayment
Net CF before Profit Distr:
(0)
Equity Profit
IRR =
21.45%
Developer Profit
CF for Period:
(0)
Ending Cash Balance
(0)
Hotel QPRO 9.12 w EB5
2
2015
3
2016
4
2017
5
2018
6
2019
7
2020
8
2021
9
2022
10
2023
11
2024
12
2025
13
2026
14
2027
15
2028
-
9,616,284
8,564,224
2,155,067
111,447
950,802
574,430
21,972,254
11,390,135
9,753,110
2,454,114
126,692
1,083,284
637,016
25,444,351
12,840,572
10,710,677
2,669,358
138,266
1,189,236
683,773
28,231,881
14,166,699
11,767,609
2,877,003
149,249
1,305,924
729,571
30,996,056
14,759,563
12,389,722
2,970,859
153,638
1,375,574
753,063
32,402,419
15,160,631
12,726,547
3,051,624
157,814
1,412,970
773,536
33,283,122
15,615,450
13,108,343
3,143,172
162,549
1,455,360
796,742
34,281,616
16,083,913
13,501,593
3,237,468
167,425
1,499,020
820,644
35,310,064
16,611,818
13,944,741
3,343,728
172,921
1,548,221
847,579
36,469,008
17,063,424
14,323,840
3,434,629
177,622
1,590,311
870,621
37,460,447
17,575,326
14,753,556
3,537,668
182,950
1,638,020
896,740
38,584,261
18,102,586
15,196,162
3,643,798
188,439
1,687,161
923,642
39,741,788
18,696,748
15,694,929
3,763,395
194,624
1,742,536
953,958
41,046,190
-
6,755,440
2,038,528
1,088,063
(16,064)
179,529
363,901
10,409,396
8,310,099
2,619,030
1,299,060
(11,971)
261,068
409,028
12,886,314
9,584,681
2,984,910
1,444,194
(8,015)
325,064
441,854
14,772,687
10,737,772
3,352,889
1,584,002
(5,008)
399,977
473,711
16,543,341
11,217,829
3,529,607
1,635,326
(5,021)
439,141
489,341
17,306,223
11,522,656
3,627,066
1,678,393
(5,129)
452,151
502,798
17,777,935
11,868,336
3,735,878
1,728,745
(5,283)
465,715
517,882
18,311,273
12,224,386
3,847,954
1,780,607
(5,441)
479,687
533,419
18,860,611
12,625,614
3,974,251
1,839,050
(5,620)
495,431
550,927
19,479,653
12,968,851
4,082,294
1,889,046
(5,773)
508,899
565,904
20,009,223
13,357,917
4,204,763
1,945,718
(5,946)
524,166
582,881
20,609,499
13,758,654
4,330,906
2,004,089
(6,124)
539,891
600,368
21,227,784
14,210,240
4,473,055
2,069,867
(6,325)
557,612
620,073
21,924,521
-
1,833,000
1,422,000
922,000
947,000
5,124,000
1,952,000
1,531,000
960,000
987,000
5,430,000
2,049,000
1,616,000
1,015,000
1,023,000
5,703,000
2,144,000
1,700,000
1,092,000
1,059,000
5,995,000
2,209,000
1,751,000
1,179,000
1,091,000
6,230,000
2,275,270
1,803,530
1,214,370
1,123,730
6,416,900
2,343,528
1,857,636
1,250,801
1,157,442
6,609,407
2,413,834
1,913,365
1,288,325
1,192,165
6,807,689
2,486,249
1,970,766
1,326,975
1,227,930
7,011,920
2,560,836
2,029,889
1,366,784
1,264,768
7,222,277
2,637,662
2,090,786
1,407,788
1,302,711
7,438,946
2,716,791
2,153,509
1,450,021
1,341,792
7,662,114
2,798,295
2,218,114
1,493,522
1,382,046
7,891,978
659,168
175,000
1,301,000
219,723
2,354,890
2,930,506
(439,445)
2,491,061
(2,838,731)
(347,670)
347,670
0
0
0
763,331
180,250
1,327,020
254,444
2,525,044
4,931,270
(763,331)
4,167,940
(2,586,333)
1,581,606
(1,423,446)
(79,080)
(79,080)
0
0
0
846,956
185,658
1,353,560
282,319
2,668,493
6,401,194
(1,129,275)
5,271,919
(2,474,030)
2,797,889
(2,518,100)
(139,894)
(139,894)
(0)
(0)
(0)
929,882
191,227
1,380,632
309,961
2,811,701
7,736,640
(1,239,842)
6,496,798
(2,595,811)
3,900,988
(3,407,180)
(34,913,720)
76,350,000
(115,232)
(189,288)
(28,049,044)
(10,381,025)
3,195,498
(3,195,498)
(0)
(0)
972,073
196,964
1,408,244
324,024
2,901,305
8,174,918
(1,296,097)
6,878,821
(4,545,908)
2,332,913
(956,948)
1,375,965
(1,375,965)
(0)
(0)
998,494
202,873
1,436,409
332,831
2,970,607
8,390,428
(1,331,325)
7,059,103
(4,487,186)
2,571,917
(1,015,670)
1,556,247
(1,556,247)
(0)
(0)
1,028,448
208,959
1,465,137
342,816
3,045,361
8,656,505
(1,371,265)
7,285,240
(4,424,861)
2,860,379
(1,077,995)
1,782,384
(1,782,384)
0
(0)
1,059,302
215,228
1,494,440
353,101
3,122,071
8,930,852
(1,412,403)
7,518,449
(4,358,712)
3,159,737
(1,144,144)
2,015,593
(2,015,593)
(0)
(0)
1,094,070
221,685
1,524,329
364,690
3,204,774
9,262,959
(1,458,760)
7,804,199
(4,288,503)
3,515,696
(1,214,353)
2,301,343
(2,301,343)
(0)
(0)
1,123,813
228,335
1,554,815
374,604
3,281,569
9,505,376
(1,498,418)
8,006,959
(4,213,986)
3,792,973
(1,288,870)
2,504,103
(2,504,103)
0
(0)
1,157,528
235,185
1,585,912
385,843
3,364,468
9,806,086
(1,543,370)
8,262,715
(4,134,896)
4,127,819
(1,367,960)
2,759,859
(2,759,859)
0
(0)
1,192,254
242,241
1,617,630
397,418
3,449,542
10,116,128
(1,589,672)
8,526,456
(4,050,953)
4,475,503
(1,451,903)
3,023,600
(3,023,600)
0
(0)
1,231,386
249,508
1,649,983
410,462
3,541,338
10,491,205
(1,641,848)
8,849,357
(3,961,859)
4,887,498
(1,540,997)
3,346,501
(3,346,501)
(0)
(0)
(1,000,187)
(42,555,336)
(43,555,523)
41,914,777
1,640,746
0
0
-
11/27/20125:27 PM
CITY OF LEWISVILLE - L
Hotel/Resort
Annual Projection
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
NCF before Debt/Equity:
Constr Loan $ Rec
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
IRR =
Developer Profit
CF for Period:
Ending Cash Balance
16
2029
17
2030
18
2031
19,205,034
16,121,608
3,865,706
199,915
1,789,909
979,892
42,162,063
19,781,185
16,605,257
3,981,677
205,912
1,843,606
1,009,289
43,426,925
20,374,620
17,103,414
4,101,127
212,089
1,898,914
1,039,568
44,729,733
-
-
-
-
-
-
-
-
-
-
-
-
257,043,988
216,265,334
52,230,392
2,701,549
24,010,848
13,290,065
565,542,178
14,596,556
4,594,658
2,126,138
(6,497)
572,771
636,930
22,520,556
15,034,453
4,732,498
2,189,922
(6,692)
589,954
656,038
23,196,173
15,485,486
4,874,473
2,255,620
(6,893)
607,653
675,719
23,892,058
-
-
-
-
-
-
-
-
-
-
-
-
2,882,244
2,284,658
1,538,328
1,423,508
8,128,737
2,968,711
2,353,198
1,584,477
1,466,213
8,372,599
3,057,773
2,423,794
1,632,012
1,510,199
8,623,777
-
-
-
-
-
-
-
-
-
-
-
-
194,258,970
61,002,761
28,557,840
(111,803)
7,398,709
8,620,772
299,727,248
39,328,193
31,119,244
20,721,403
19,499,504
110,668,344
1,264,862
256,993
1,682,982
421,621
3,626,458
10,765,361
(1,686,483)
9,078,879
(3,867,298)
5,211,580
(1,635,558)
3,576,023
(3,576,023)
(0)
(0)
1,302,808
264,703
1,716,642
434,269
3,718,422
11,105,152
(1,737,077)
9,368,075
(3,766,935)
5,601,140
(1,735,921)
3,865,219
(3,865,219)
(0)
(0)
1,341,892
272,644
1,750,975
447,297
3,812,808
11,455,473
(1,789,189)
9,666,283
(3,660,412)
133,720,529
139,726,400
(1,842,444)
(59,962,006)
77,921,951
(77,921,951)
(0)
(0)
-
-
-
-
-
-
-
-
-
-
-
-
16,966,265
3,527,454
24,249,710
5,655,422
50,398,851
138,660,053
(21,927,799)
116,732,254
(61,256,601)
(69,014,590)
133,720,529
120,181,593
42,262,446
(7,348,726)
(34,913,720)
76,350,000
(16,387,994)
(59,962,006)
17,500,000
(408,263)
(28,049,044)
10,600,000
(10,600,000)
109,224,286
(109,224,286)
(0)
19
2032
20
2033
(0)
21
2034
(0)
22
2035
(0)
23
2036
(0)
24
2037
(0)
25
2038
(0)
26
2039
(0)
27
2040
(0)
28
2041
(0)
29
2042
(0)
30
2043
(0)
Total
(0)
11/27/20125:27 PM
Hotel/Resort
11/27/2012
Quarter
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
Constr Loan $ Rec
Constr Loan Paid - Sale
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
Developer Profit
CF for Period:
Ending Cash Bal
Cumulative Equity
Period
Peak Equity $
Peak Equity Period
Cumulative Constr Debt
Period
Peak Debt $
Peak Debt Period
Total Debt Cash Flow
6.2724%
1
1
1.14
2
2
2.14
3
3
3.14
4
4
4.14
5
5
1.15
6
6
2.15
7
7
3.15
8
8
4.15
9
9
1.16
10
10
2.16
11
11
3.16
12
12
4.16
13
13
1.17
14
14
2.17
15
15
3.17
16
16
4.17
17
17
1.18
18
18
2.18
-
-
-
-
-
-
-
-
2,390,934
2,129,356
535,823
27,710
236,402
142,823
5,463,047
2,390,934
2,129,356
535,823
27,710
236,402
142,823
5,463,047
2,417,208
2,152,756
541,711
28,014
238,999
144,392
5,523,080
2,417,208
2,152,756
541,711
28,014
238,999
144,392
5,523,080
2,808,527
2,404,877
605,124
31,239
267,111
157,073
6,273,950
2,839,732
2,431,597
611,848
31,586
270,079
158,818
6,343,660
2,870,938
2,458,318
618,571
31,933
273,047
160,563
6,413,371
2,870,938
2,458,318
618,571
31,933
273,047
160,563
6,413,371
3,166,169
2,640,989
658,198
34,093
293,236
168,602
6,961,286
3,201,348
2,670,333
665,511
34,472
296,494
170,475
7,038,633
-
-
-
-
-
-
-
-
1,679,631
506,847
270,529
(3,994)
44,637
90,478
2,588,129
1,679,631
506,847
270,529
(3,994)
44,637
90,478
2,588,129
1,698,089
512,417
273,502
(4,038)
45,128
91,472
2,616,570
1,698,089
512,417
273,502
(4,038)
45,128
91,472
2,616,570
2,049,065
645,788
320,316
(2,952)
64,373
100,856
3,177,447
2,071,833
652,964
323,875
(2,985)
65,088
101,977
3,212,752
2,094,600
660,139
327,434
(3,017)
65,804
103,098
3,248,057
2,094,600
660,139
327,434
(3,017)
65,804
103,098
3,248,057
2,363,346
736,005
356,103
(1,976)
80,153
108,950
3,642,580
2,389,605
744,183
360,059
(1,998)
81,043
110,161
3,683,054
-
-
-
-
-
-
-
-
427,230
340,714
230,500
236,750
1,235,194
489,270
370,286
230,500
236,750
1,326,806
489,270
370,286
230,500
236,750
1,326,806
427,230
340,714
230,500
236,750
1,235,194
454,966
366,831
240,000
246,750
1,308,547
521,034
398,669
240,000
246,750
1,406,453
521,034
398,669
240,000
246,750
1,406,453
454,966
366,831
240,000
246,750
1,308,547
477,575
387,197
253,750
255,750
1,374,272
546,925
420,803
253,750
255,750
1,477,228
(3,278,762)
(3,278,762)
3,278,762
3,278,762
1.14
10,600,000
3.14
1.14
42,262,446
4.16
-
(3,278,762)
(3,278,762)
3,278,762
6,557,524
2.14
(9,950,865)
(9,950,865)
5,908,389
4,042,476
10,600,000
3.14
(9,950,865)
(9,950,865)
9,950,865
10,600,000
4.14
(10,075,865)
(10,075,865)
8,435,119
1,640,746
10,600,000
1.15
(142,343)
(11,317,365)
(11,459,708)
11,459,708
10,600,000
2.15
(335,725)
(10,709,853)
(11,045,578)
11,045,578
10,600,000
3.15
(522,119)
(10,452,253)
(10,974,372)
10,974,372
10,600,000
4.15
163,891
43,750
325,250
54,630
587,522
765,412
(109,261)
656,151
(707,312)
(51,160)
51,160
10,600,000
1.16
163,891
43,750
325,250
54,630
587,522
673,801
(109,261)
564,540
(708,175)
(143,635)
143,635
10,600,000
2.16
165,692
43,750
325,250
55,231
589,923
699,841
(110,462)
589,379
(710,599)
(121,220)
121,220
10,600,000
3.16
165,692
43,750
325,250
55,231
589,923
791,452
(110,462)
680,990
(712,645)
(31,654)
31,654
10,600,000
4.16
188,218
45,063
331,755
62,739
627,775
1,241,125
(188,218)
1,052,906
(713,179)
339,727
(305,755)
(16,986)
(16,986)
10,583,014
1.17
190,310
45,063
331,755
63,437
630,564
1,175,736
(190,310)
985,426
(629,350)
356,075
(320,468)
(17,804)
(17,804)
10,565,210
2.17
192,401
45,063
331,755
64,134
633,352
1,208,252
(192,401)
1,015,851
(624,543)
391,308
(352,177)
(19,565)
(19,565)
10,545,644
3.17
192,401
45,063
331,755
64,134
633,352
1,306,158
(192,401)
1,113,757
(619,261)
494,496
(445,046)
(24,725)
(24,725)
10,520,920
4.17
208,839
46,414
338,390
69,613
663,256
1,605,053
(278,451)
1,326,601
(689,158)
637,443
(573,699)
(31,872)
(31,872)
10,489,048
1.18
211,159
46,414
338,390
70,386
666,350
1,539,476
(281,545)
1,257,930
(603,980)
653,951
(588,556)
(32,698)
(32,698)
10,456,350
2.18
2.14
3.14
4.14
8,435,119
1.15
19,894,827
2.15
30,940,405
3.15
41,914,777
4.15
41,965,937
1.16
42,109,572
2.16
42,230,792
3.16
42,262,446
4.16
41,956,692
1.17
41,636,224
2.17
41,284,047
3.17
40,839,001
4.17
40,265,302
1.18
39,676,746
2.18
-
-
-
8,435,119
11,317,365
10,709,853
10,452,253
(656,151)
(564,540)
(589,379)
(680,990)
(1,018,933)
(949,818)
(976,720)
(1,064,307)
(1,262,857)
(1,192,535)
11/27/2012 5:27 PM
Hotel/Resort
11/27/2012
Quarter
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
Constr Loan $ Rec
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
Developer Profit
CF for Period:
Ending Cash Bal
Cumulative Equity
Period
Peak Equity $
Peak Equity Period
Period
Peak Debt $
Peak Debt Period
6.2724%
19
19
3.18
20
20
4.18
21
21
1.19
22
22
2.19
23
23
3.19
24
24
4.19
25
25
1.20
26
26
2.20
27
27
3.20
28
28
4.20
29
29
1.21
30
30
2.21
31
31
3.21
32
32
4.21
33
33
1.22
34
34
2.22
35
35
3.22
36
36
4.22
3,236,528
2,699,677
672,825
34,851
299,753
172,348
7,115,981
3,236,528
2,699,677
672,825
34,851
299,753
172,348
7,115,981
3,493,159
2,901,602
709,398
36,801
322,009
179,894
7,642,863
3,531,972
2,933,842
717,280
37,210
325,587
181,893
7,727,784
3,570,785
2,966,082
725,162
37,619
329,165
183,892
7,812,704
3,570,785
2,966,082
725,162
37,619
329,165
183,892
7,812,704
3,669,727
3,080,505
738,656
38,200
342,014
187,237
8,056,339
3,669,727
3,080,505
738,656
38,200
342,014
187,237
8,056,339
3,710,054
3,114,356
746,773
38,619
345,773
189,295
8,144,870
3,710,054
3,114,356
746,773
38,619
345,773
189,295
8,144,870
3,738,238
3,138,053
752,455
38,913
348,404
190,735
8,206,797
3,779,774
3,172,920
760,816
39,346
352,275
192,854
8,297,984
3,821,310
3,207,787
769,176
39,778
356,146
194,973
8,389,170
3,821,310
3,207,787
769,176
39,778
356,146
194,973
8,389,170
3,850,385
3,232,194
775,029
40,081
358,856
196,457
8,453,001
3,893,167
3,268,107
783,640
40,526
362,843
198,640
8,546,923
3,935,949
3,304,021
792,252
40,971
366,830
200,823
8,640,846
3,935,949
3,304,021
792,252
40,971
366,830
200,823
8,640,846
2,415,865
752,361
364,016
(2,020)
81,934
111,371
3,723,527
2,415,865
752,361
364,016
(2,020)
81,934
111,371
3,723,527
2,647,670
826,740
390,576
(1,235)
98,624
116,805
4,079,180
2,677,088
835,926
394,915
(1,249)
99,720
118,103
4,124,504
2,706,507
845,112
399,255
(1,262)
100,816
119,401
4,169,829
2,706,507
845,112
399,255
(1,262)
100,816
119,401
4,169,829
2,789,132
877,580
406,597
(1,248)
109,185
121,667
4,302,913
2,789,132
877,580
406,597
(1,248)
109,185
121,667
4,302,913
2,819,782
887,224
411,066
(1,262)
110,385
123,004
4,350,198
2,819,782
887,224
411,066
(1,262)
110,385
123,004
4,350,198
2,841,203
894,345
413,850
(1,265)
111,489
123,978
4,383,600
2,872,772
904,282
418,449
(1,279)
112,728
125,355
4,432,307
2,904,341
914,219
423,047
(1,293)
113,967
126,733
4,481,014
2,904,341
914,219
423,047
(1,293)
113,967
126,733
4,481,014
2,926,439
921,175
426,266
(1,303)
114,834
127,697
4,515,108
2,958,955
931,411
431,002
(1,317)
116,110
129,116
4,565,276
2,991,471
941,646
435,738
(1,332)
117,386
130,535
4,615,444
2,991,471
941,646
435,738
(1,332)
117,386
130,535
4,615,444
546,925
420,803
253,750
255,750
1,477,228
477,575
387,197
253,750
255,750
1,374,272
499,717
407,324
273,000
264,750
1,444,791
572,283
442,676
273,000
264,750
1,552,709
572,283
442,676
273,000
264,750
1,552,709
499,717
407,324
273,000
264,750
1,444,791
514,867
419,543
294,750
272,750
1,501,910
589,633
455,957
294,750
272,750
1,613,090
589,633
455,957
294,750
272,750
1,613,090
514,867
419,543
294,750
272,750
1,501,910
530,313
432,130
303,593
280,933
1,546,968
607,322
469,635
303,593
280,933
1,661,482
607,322
469,635
303,593
280,933
1,661,482
530,313
432,130
303,593
280,933
1,546,968
546,223
445,093
312,700
289,360
1,593,377
625,541
483,725
312,700
289,360
1,711,327
625,541
483,725
312,700
289,360
1,711,327
546,223
445,093
312,700
289,360
1,593,377
213,479
46,414
338,390
71,160
669,444
1,576,855
(284,639)
1,292,216
(595,151)
697,064
(627,358)
(34,853)
(34,853)
10,421,497
3.18
213,479
46,414
338,390
71,160
669,444
1,679,811
(284,639)
1,395,172
(585,741)
809,431
(728,488)
(40,472)
(40,472)
10,381,025
4.18
229,286
47,807
345,158
76,429
698,679
1,935,710
(305,715)
1,629,996
(646,665)
983,330
(884,997)
(49,167)
(49,167)
10,331,859
1.19
231,834
47,807
345,158
77,278
702,076
1,869,719
(309,111)
1,560,608
(561,539)
999,069
(899,162)
(49,953)
(49,953)
10,281,905
2.19
234,381
47,807
345,158
78,127
705,473
1,911,646
(312,508)
1,599,138
(548,051)
1,051,087
(945,978)
(52,554)
(52,554)
10,229,351
3.19
234,381
47,807
345,158
78,127
705,473
2,019,565
(312,508)
1,707,057
(839,556)
867,501
(677,042)
(34,913,720)
76,350,000
(115,232)
(37,613)
(28,049,044)
(10,229,351)
3,195,498
(3,195,498)
(3,195,498)
4.19
241,690
49,241
352,061
80,563
723,556
2,077,447
(322,254)
1,755,194
(1,141,793)
613,401
(233,921)
379,480
(379,480)
(3,574,977)
1.20
241,690
49,241
352,061
80,563
723,556
1,966,268
(322,254)
1,644,015
(1,138,284)
505,730
(237,430)
268,301
(268,301)
(3,843,278)
2.20
244,346
49,241
352,061
81,449
727,097
2,010,012
(325,795)
1,684,217
(1,134,723)
549,494
(240,991)
308,503
(308,503)
(4,151,781)
3.20
244,346
49,241
352,061
81,449
727,097
2,121,191
(325,795)
1,795,396
(1,131,108)
664,288
(244,606)
419,682
(419,682)
(4,571,463)
4.20
246,204
50,718
359,102
82,068
738,092
2,098,540
(328,272)
1,770,268
(1,127,439)
642,829
(248,275)
394,554
(394,554)
(4,966,017)
1.21
248,940
50,718
359,102
82,980
741,740
2,029,085
(331,919)
1,697,166
(1,123,715)
573,451
(251,999)
321,452
(321,452)
(5,287,469)
2.21
251,675
50,718
359,102
83,892
745,387
2,074,144
(335,567)
1,738,577
(1,119,935)
618,643
(255,779)
362,863
(362,863)
(5,650,332)
3.21
251,675
50,718
359,102
83,892
745,387
2,188,659
(335,567)
1,853,092
(1,116,098)
736,994
(259,616)
477,378
(477,378)
(6,127,710)
4.21
253,590
52,240
366,284
84,530
756,644
2,165,087
(338,120)
1,826,967
(1,112,204)
714,764
(263,510)
451,253
(451,253)
(6,578,964)
1.22
256,408
52,240
366,284
85,469
760,401
2,093,549
(341,877)
1,751,672
(1,108,251)
643,421
(267,463)
375,958
(375,958)
(6,954,921)
2.22
259,225
52,240
366,284
86,408
764,158
2,139,960
(345,634)
1,794,326
(1,104,239)
690,087
(271,475)
418,612
(418,612)
(7,373,533)
3.22
259,225
52,240
366,284
86,408
764,158
2,257,909
(345,634)
1,912,276
(1,100,167)
812,109
(275,547)
536,562
(536,562)
(7,910,095)
4.22
39,049,388
3.18
38,320,900
4.18
37,435,903
1.19
36,536,741
2.19
35,590,762
3.19
4.19
1.20
2.20
3.20
4.20
1.21
2.21
3.21
4.21
1.22
2.22
3.22
4.22
(1,222,509)
(1,314,229)
(1,531,663)
(1,460,701)
(1,494,030)
39,804,450
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
11/27/2012 5:27 PM
Hotel/Resort
11/27/2012
Quarter
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
Constr Loan $ Rec
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
Developer Profit
CF for Period:
Ending Cash Bal
Cumulative Equity
Period
Peak Equity $
Peak Equity Period
Period
Peak Debt $
Peak Debt Period
6.2724%
37
37
1.23
38
38
2.23
39
39
3.23
40
40
4.23
41
41
1.24
42
42
2.24
43
43
3.24
44
44
4.24
45
45
1.25
46
46
2.25
47
47
3.25
3,965,896
3,329,160
798,280
41,283
369,621
202,351
8,706,591
4,009,962
3,366,151
807,149
41,742
373,728
204,599
8,803,331
4,054,027
3,403,141
816,019
42,200
377,835
206,847
8,900,071
4,054,027
3,403,141
816,019
42,200
377,835
206,847
8,900,071
4,130,261
3,467,135
831,364
42,994
384,940
210,737
9,067,431
4,130,261
3,467,135
831,364
42,994
384,940
210,737
9,067,431
4,175,648
3,505,236
840,500
43,466
389,170
213,053
9,167,073
4,175,648
3,505,236
840,500
43,466
389,170
213,053
9,167,073
4,207,420
3,531,906
846,895
43,797
392,131
214,674
9,236,823
4,254,169
3,571,149
856,305
44,284
396,488
217,059
9,339,454
4,300,918
3,610,393
865,715
44,770
400,845
219,444
9,442,085
4,300,918
3,610,393
865,715
44,770
400,845
219,444
9,442,085
4,333,642
3,637,863
872,302
45,111
403,895
221,114
9,513,927
4,381,794
3,678,284
881,994
45,612
408,383
223,571
9,619,638
4,429,945
3,718,704
891,686
46,113
412,871
226,028
9,725,348
4,429,945
3,718,704
891,686
46,113
412,871
226,028
9,725,348
4,463,651
3,746,999
898,471
46,464
416,012
227,747
9,799,345
4,513,247
3,788,632
908,454
46,981
420,635
230,278
9,908,227
3,014,232
948,811
439,054
(1,342)
118,279
131,528
4,650,562
3,047,724
959,353
443,932
(1,357)
119,593
132,989
4,702,235
3,081,215
969,895
448,811
(1,372)
120,907
134,451
4,753,908
3,081,215
969,895
448,811
(1,372)
120,907
134,451
4,753,908
3,139,155
988,134
457,250
(1,397)
123,181
136,979
4,843,302
3,139,155
988,134
457,250
(1,397)
123,181
136,979
4,843,302
3,173,652
998,992
462,275
(1,413)
124,535
138,484
4,896,525
3,173,652
998,992
462,275
(1,413)
124,535
138,484
4,896,525
3,197,799
1,006,593
465,792
(1,423)
125,482
139,538
4,933,781
3,233,330
1,017,778
470,968
(1,439)
126,876
141,088
4,988,601
3,268,861
1,028,962
476,143
(1,455)
128,271
142,639
5,043,420
3,268,861
1,028,962
476,143
(1,455)
128,271
142,639
5,043,420
3,293,733
1,036,791
479,766
(1,466)
129,247
143,724
5,081,794
3,330,330
1,048,311
485,097
(1,482)
130,683
145,321
5,138,259
3,366,927
1,059,831
490,427
(1,499)
132,119
146,918
5,194,723
3,366,927
1,059,831
490,427
(1,499)
132,119
146,918
5,194,723
3,392,545
1,067,895
494,159
(1,510)
133,124
148,036
5,234,248
3,430,240
1,079,760
499,650
(1,527)
134,603
149,681
5,292,406
562,609
458,446
322,081
298,041
1,641,178
644,308
498,236
322,081
298,041
1,762,666
644,308
498,236
322,081
298,041
1,762,666
562,609
458,446
322,081
298,041
1,641,178
579,488
472,200
331,744
306,983
1,690,413
663,637
513,183
331,744
306,983
1,815,546
663,637
513,183
331,744
306,983
1,815,546
579,488
472,200
331,744
306,983
1,690,413
596,872
486,366
341,696
316,192
1,741,126
683,546
528,579
341,696
316,192
1,870,013
683,546
528,579
341,696
316,192
1,870,013
596,872
486,366
341,696
316,192
1,741,126
614,778
500,957
351,947
325,678
1,793,360
704,052
544,436
351,947
325,678
1,926,113
704,052
544,436
351,947
325,678
1,926,113
614,778
500,957
351,947
325,678
1,793,360
633,222
515,985
362,505
335,448
1,847,160
725,174
560,769
362,505
335,448
1,983,897
261,198
53,807
373,610
87,066
775,681
2,233,703
(348,264)
1,885,439
(1,096,034)
789,405
(279,680)
509,725
(509,725)
(8,419,820)
1.23
264,100
53,807
373,610
88,033
779,550
2,160,018
(352,133)
1,807,885
(1,091,839)
716,046
(283,875)
432,171
(432,171)
(8,851,990)
2.23
267,002
53,807
373,610
89,001
783,420
2,207,821
(356,003)
1,851,818
(1,087,581)
764,238
(288,133)
476,104
(476,104)
(9,328,095)
3.23
267,002
53,807
373,610
89,001
783,420
2,329,310
(356,003)
1,973,307
(1,083,259)
890,048
(292,455)
597,593
(597,593)
(9,925,688)
4.23
272,023
55,421
381,082
90,674
799,201
2,353,687
(362,697)
1,990,990
(1,078,872)
912,119
(296,842)
615,276
(615,276)
(10,540,964)
1.24
272,023
55,421
381,082
90,674
799,201
2,228,555
(362,697)
1,865,857
(1,074,419)
791,438
(301,295)
490,143
(490,143)
(11,031,107)
2.24
275,012
55,421
381,082
91,671
803,186
2,277,792
(366,683)
1,911,109
(1,069,900)
841,209
(305,814)
535,395
(535,395)
(11,566,502)
3.24
275,012
55,421
381,082
91,671
803,186
2,402,925
(366,683)
2,036,242
(1,065,312)
970,930
(310,402)
660,528
(660,528)
(12,227,030)
4.24
277,105
57,084
388,704
92,368
815,261
2,377,394
(369,473)
2,007,922
(1,060,656)
947,265
(315,058)
632,208
(632,208)
(12,859,238)
1.25
280,184
57,084
388,704
93,395
819,366
2,299,222
(373,578)
1,925,644
(1,055,931)
869,713
(319,783)
549,930
(549,930)
(13,409,167)
2.25
283,263
57,084
388,704
94,421
823,471
2,349,937
(377,683)
1,972,253
(1,051,134)
921,119
(324,580)
596,539
(596,539)
(14,005,707)
3.25
283,263
57,084
388,704
94,421
823,471
2,478,823
(377,683)
2,101,140
(1,046,265)
1,054,875
(329,449)
725,426
(725,426)
(14,731,133)
4.25
285,418
58,796
396,478
95,139
835,831
2,452,603
(380,557)
2,072,046
(1,041,323)
1,030,723
(334,391)
696,332
(696,332)
(15,427,465)
1.26
288,589
58,796
396,478
96,196
840,060
2,372,086
(384,786)
1,987,300
(1,036,307)
950,993
(339,407)
611,586
(611,586)
(16,039,051)
2.26
291,760
58,796
396,478
97,253
844,288
2,424,322
(389,014)
2,035,308
(1,031,216)
1,004,091
(344,498)
659,594
(659,594)
(16,698,645)
3.26
291,760
58,796
396,478
97,253
844,288
2,557,075
(389,014)
2,168,061
(1,026,049)
1,142,012
(349,665)
792,347
(792,347)
(17,490,992)
4.26
293,980
60,560
404,407
97,993
856,942
2,530,146
(391,974)
2,138,172
(1,020,804)
1,117,368
(354,910)
762,458
(762,458)
(18,253,451)
1.27
297,247
60,560
404,407
99,082
861,297
2,447,213
(396,329)
2,050,884
(1,015,480)
1,035,404
(360,234)
675,170
(675,170)
(18,928,620)
2.27
1.24
2.24
3.24
4.24
1.25
2.25
3.25
4.25
1.26
2.26
3.26
4.26
1.27
2.27
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
1.23
(1,375,714)
2.23
(1,375,714)
3.23
(1,375,714)
4.23
(1,375,714)
48
48
4.25
49
49
1.26
50
50
2.26
51
51
3.26
52
52
4.26
53
53
1.27
54
54
2.27
11/27/2012 5:27 PM
Hotel/Resort
11/27/2012
Quarter
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
Constr Loan $ Rec
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
Developer Profit
CF for Period:
Ending Cash Bal
Cumulative Equity
Period
Peak Equity $
Peak Equity Period
Period
Peak Debt $
Peak Debt Period
6.2724%
55
55
3.27
56
56
4.27
57
57
1.28
58
58
2.28
59
59
3.28
60
60
4.28
61
61
1.29
62
62
2.29
63
63
3.29
64
64
4.29
65
65
1.30
4,562,844
3,830,266
918,437
47,497
425,257
232,808
10,017,108
4,562,844
3,830,266
918,437
47,497
425,257
232,808
10,017,108
4,648,645
3,902,291
935,707
48,390
433,254
237,186
10,205,473
4,648,645
3,902,291
935,707
48,390
433,254
237,186
10,205,473
4,699,729
3,945,174
945,990
48,922
438,015
239,793
10,317,622
4,699,729
3,945,174
945,990
48,922
438,015
239,793
10,317,622
4,735,488
3,975,191
953,188
49,294
441,347
241,617
10,396,125
4,788,104
4,019,360
963,779
49,842
446,251
244,302
10,511,638
4,840,721
4,063,529
974,370
50,389
451,155
246,987
10,627,150
4,840,721
4,063,529
974,370
50,389
451,155
246,987
10,627,150
4,877,552
4,094,447
981,783
50,773
454,588
248,866
10,708,009
4,931,747
4,139,941
992,692
51,337
459,639
251,631
10,826,987
4,985,942
4,185,435
1,003,601
51,901
464,690
254,396
10,945,965
4,985,942
4,185,435
1,003,601
51,901
464,690
254,396
10,945,965
5,023,879
4,217,280
1,011,237
52,296
468,225
256,332
11,029,249
5,079,700
4,264,139
1,022,473
52,877
473,428
259,180
11,151,796
5,135,521
4,310,998
1,033,709
53,458
478,630
262,028
11,274,344
5,135,521
4,310,998
1,033,709
53,458
478,630
262,028
11,274,344
3,467,935
1,091,626
505,140
(1,544)
136,082
151,326
5,350,565
3,467,935
1,091,626
505,140
(1,544)
136,082
151,326
5,350,565
3,533,147
1,112,153
514,639
(1,573)
138,641
154,171
5,451,179
3,533,147
1,112,153
514,639
(1,573)
138,641
154,171
5,451,179
3,571,973
1,124,374
520,294
(1,590)
140,165
155,865
5,511,082
3,571,973
1,124,374
520,294
(1,590)
140,165
155,865
5,511,082
3,599,151
1,132,929
524,253
(1,602)
141,231
157,051
5,553,014
3,639,141
1,145,518
530,078
(1,620)
142,800
158,796
5,614,714
3,679,132
1,158,106
535,903
(1,638)
144,370
160,541
5,676,414
3,679,132
1,158,106
535,903
(1,638)
144,370
160,541
5,676,414
3,707,125
1,166,917
539,981
(1,650)
145,468
161,763
5,719,604
3,748,316
1,179,883
545,981
(1,668)
147,084
163,560
5,783,155
3,789,506
1,192,849
551,980
(1,687)
148,701
165,357
5,846,707
3,789,506
1,192,849
551,980
(1,687)
148,701
165,357
5,846,707
3,818,339
1,201,925
556,180
(1,700)
149,832
166,616
5,891,192
3,860,765
1,215,280
562,360
(1,719)
151,497
168,467
5,956,650
3,903,191
1,228,634
568,540
(1,737)
153,162
170,318
6,022,108
3,903,191
1,228,634
568,540
(1,737)
153,162
170,318
6,022,108
725,174
560,769
362,505
335,448
1,983,897
633,222
515,985
362,505
335,448
1,847,160
652,218
531,465
373,380
345,512
1,902,575
746,929
577,592
373,380
345,512
2,043,414
746,929
577,592
373,380
345,512
2,043,414
652,218
531,465
373,380
345,512
1,902,575
671,785
547,409
384,582
355,877
1,959,653
769,337
594,920
384,582
355,877
2,104,716
769,337
594,920
384,582
355,877
2,104,716
671,785
547,409
384,582
355,877
1,959,653
691,939
563,831
396,119
366,553
2,018,442
792,417
612,768
396,119
366,553
2,167,857
792,417
612,768
396,119
366,553
2,167,857
691,939
563,831
396,119
366,553
2,018,442
712,697
580,746
408,003
377,550
2,078,995
816,190
631,151
408,003
377,550
2,232,893
816,190
631,151
408,003
377,550
2,232,893
712,697
580,746
408,003
377,550
2,078,995
300,513
60,560
404,407
100,171
865,652
2,501,016
(400,684)
2,100,332
(1,010,077)
1,090,255
(365,637)
724,618
(724,618)
(19,653,238)
3.27
300,513
60,560
404,407
100,171
865,652
2,637,752
(400,684)
2,237,068
(1,004,592)
1,232,476
(371,122)
861,354
(861,354)
(20,514,592)
4.27
306,164
62,377
412,496
102,055
883,092
2,665,512
(408,219)
2,257,293
(999,025)
1,258,267
(376,689)
881,579
(881,579)
(21,396,171)
1.28
306,164
62,377
412,496
102,055
883,092
2,524,674
(408,219)
2,116,455
(993,375)
1,123,080
(382,339)
740,741
(740,741)
(22,136,912)
2.28
309,529
62,377
412,496
103,176
887,578
2,580,091
(412,705)
2,167,386
(987,640)
1,179,746
(388,074)
791,672
(791,672)
(22,928,583)
3.28
309,529
62,377
412,496
103,176
887,578
2,720,929
(412,705)
2,308,224
(981,819)
1,326,405
(393,895)
932,510
(932,510)
(23,861,093)
4.28
311,884
64,248
420,746
103,961
900,839
2,692,522
(415,845)
2,276,677
(975,910)
1,300,767
(399,804)
900,963
(900,963)
(24,762,057)
1.29
315,349
64,248
420,746
105,116
905,459
2,604,539
(420,466)
2,184,073
(969,913)
1,214,160
(405,801)
808,359
(808,359)
(25,570,416)
2.29
318,815
64,248
420,746
106,272
910,080
2,661,618
(425,086)
2,236,532
(963,826)
1,272,706
(411,888)
860,818
(860,818)
(26,431,234)
3.29
318,815
64,248
420,746
106,272
910,080
2,806,682
(425,086)
2,381,596
(957,648)
1,423,948
(418,066)
1,005,882
(1,005,882)
(27,437,116)
4.29
321,240
66,176
429,160
107,080
923,657
2,777,506
(428,320)
2,349,185
(951,377)
1,397,808
(424,337)
973,471
(973,471)
(28,410,587)
1.30
324,810
66,176
429,160
108,270
928,416
2,686,882
(433,079)
2,253,803
(945,012)
1,308,791
(430,702)
878,089
(878,089)
(29,288,676)
2.30
328,379
66,176
429,160
109,460
933,175
2,745,674
(437,839)
2,307,836
(938,551)
1,369,284
(437,163)
932,122
(932,122)
(30,220,798)
3.30
328,379
66,176
429,160
109,460
933,175
2,895,090
(437,839)
2,457,251
(931,994)
1,525,257
(443,720)
1,081,537
(1,081,537)
(31,302,335)
4.30
330,877
68,161
437,744
110,292
947,075
2,865,122
(441,170)
2,423,952
(925,338)
1,498,614
(450,376)
1,048,238
(1,048,238)
(32,350,573)
1.31
334,554
68,161
437,744
111,518
951,977
2,771,780
(446,072)
2,325,709
(918,583)
1,407,126
(457,131)
949,995
(949,995)
(33,300,568)
2.31
338,230
68,161
437,744
112,743
956,878
2,832,336
(450,974)
2,381,362
(911,726)
1,469,637
(463,988)
1,005,648
(1,005,648)
(34,306,216)
3.31
338,230
68,161
437,744
112,743
956,878
2,986,234
(450,974)
2,535,260
(904,766)
133,720,529
135,351,023
(470,948)
(59,962,006)
74,918,070
(74,918,070)
(109,224,286)
4.31
3.28
4.28
1.29
2.29
3.29
4.29
1.30
2.30
3.30
4.30
1.31
2.31
3.31
4.31
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(1,375,714)
(61,337,719)
3.27
(1,375,714)
4.27
(1,375,714)
1.28
(1,375,714)
2.28
(1,375,714)
66
66
2.30
67
67
3.30
68
68
4.30
69
69
1.31
70
70
2.31
71
71
3.31
72
72
4.31
11/27/2012 5:27 PM
Hotel/Resort
11/27/2012
Quarter
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
Constr Loan $ Rec
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
Developer Profit
CF for Period:
Ending Cash Bal
Cumulative Equity
Period
Peak Equity $
Peak Equity Period
Period
Peak Debt $
Peak Debt Period
6.2724%
73
73
1.32
74
74
2.32
75
75
3.32
76
76
4.32
77
77
1.33
78
78
2.33
79
79
3.33
80
80
4.33
81
81
1.34
82
82
2.34
83
83
3.34
84
84
4.34
85
85
1.35
86
86
2.35
87
87
3.35
88
88
4.35
89
89
1.36
90
90
2.36
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(109,224,286)
1.32
(109,224,286)
2.32
(109,224,286)
3.32
(109,224,286)
4.32
(109,224,286)
1.33
(109,224,286)
2.33
(109,224,286)
3.33
(109,224,286)
4.33
(109,224,286)
1.34
(109,224,286)
2.34
(109,224,286)
3.34
(109,224,286)
4.34
(109,224,286)
1.35
(109,224,286)
2.35
(109,224,286)
3.35
(109,224,286)
4.35
(109,224,286)
1.36
(109,224,286)
2.36
1.32
2.32
3.32
4.32
1.33
2.33
3.33
4.33
1.34
2.34
3.34
4.34
1.35
2.35
3.35
4.35
1.36
2.36
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11/27/2012 5:27 PM
Hotel/Resort
11/27/2012
Quarter
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
Constr Loan $ Rec
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
Developer Profit
CF for Period:
Ending Cash Bal
Cumulative Equity
Period
Peak Equity $
Peak Equity Period
Period
Peak Debt $
Peak Debt Period
6.2724%
91
91
3.36
92
92
4.36
93
93
1.37
94
94
2.37
95
95
3.37
96
96
4.37
97
97
1.38
98
98
2.38
99
99
3.38
100
100
4.38
101
101
1.39
102
102
2.39
103
103
3.39
104
104
4.39
105
105
1.40
106
106
2.40
107
107
3.40
108
108
4.40
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(109,224,286)
3.36
(109,224,286)
4.36
(109,224,286)
1.37
(109,224,286)
2.37
(109,224,286)
3.37
(109,224,286)
4.37
(109,224,286)
1.38
(109,224,286)
2.38
(109,224,286)
3.38
(109,224,286)
4.38
(109,224,286)
1.39
(109,224,286)
2.39
(109,224,286)
3.39
(109,224,286)
4.39
(109,224,286)
1.40
(109,224,286)
2.40
(109,224,286)
3.40
(109,224,286)
4.40
3.36
4.36
1.37
2.37
3.37
4.37
1.38
2.38
3.38
4.38
1.39
2.39
3.39
4.39
1.40
2.40
3.40
4.40
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11/27/2012 5:27 PM
Hotel/Resort
11/27/2012
Quarter
Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Total Income
Rooms
Food & Beverage
Conference Services
Telephone
Spa
Other
Gross Profit
Operating Expenses
Human Resources
Sales/Marketing/Pr
Property Operations
Utilities
Operating Expenses:
Management Fee
Insurance
Property Taxes
Shared Services Fee
Equipment Leases
NOI:
FF&E Reserve:
CF BDS & Constr:
Net Sale Price:
Constr Loan $ Rec
Perm Loan Proceeds
Mezz Loan $ Rec
Equity Repayment
Equity Profit
Developer Profit
CF for Period:
Ending Cash Bal
Cumulative Equity
Period
Peak Equity $
Peak Equity Period
Period
Peak Debt $
Peak Debt Period
6.2724%
109
109
1.41
110
110
2.41
111
111
3.41
112
112
4.41
113
113
1.42
114
114
2.42
115
115
3.42
116
116
4.42
117
117
1.43
118
118
2.43
119
119
3.43
120
120
4.43
Total
-
-
-
-
-
-
-
-
-
-
-
-
257,043,988
216,265,334
52,230,392
2,701,549
24,010,848
13,290,065
565,542,178
-
-
-
-
-
-
-
-
-
-
-
-
194,258,970
61,002,761
28,557,840
(111,803)
7,398,709
8,620,772
299,727,248
-
-
-
-
-
-
-
-
-
-
-
-
39,328,193
31,119,244
20,721,403
19,499,504
110,668,344
(109,224,286)
1.41
(109,224,286)
2.41
(109,224,286)
3.41
(109,224,286)
4.41
(109,224,286)
1.42
(109,224,286)
2.42
(109,224,286)
3.42
(109,224,286)
4.42
(109,224,286)
1.43
(109,224,286)
2.43
(109,224,286)
3.43
(109,224,286)
4.43
1.41
2.41
3.41
4.41
1.42
2.42
3.42
4.42
1.43
2.43
3.43
4.43
-
-
-
-
-
-
-
-
-
-
-
-
16,966,265
3,527,454
24,249,710
5,655,422
50,398,851
138,660,053
(21,927,799)
116,732,254
(61,256,601)
(69,014,590)
133,720,529
120,181,593
42,262,446
(7,348,726)
(34,913,720)
76,350,000
(16,387,994)
(59,962,006)
17,500,000
(408,263)
(28,049,044)
10,600,000
(10,600,000)
109,224,286
(109,224,286)
0
11/27/2012 5:27 PM
CONCEPTUAL DEVELOPMENT PLAN
FOR
LEWISVILLE LAKE MODIFICATION
IN THE
CITY OF LEWISVILLE, TEXAS
October 2013
TABLE OF CONTENTS
SECTION 1 – INTRODUCTION
SECTION 2 – PROJECT NARRATIVE
SECTION 3 – EXISTING AND ADJACENT LAND USES
SECTION 4 – PROPOSED LAND USES
SECTION 5 – SITE GRADING
SECTION 6 – PROJECT PHASING AND SCHEDULE
SECTION 7 – CLOSING AND REQUEST
2 of 20
SECTION 1 – INTRODUCTION
This is a request for the review and approval at a conceptual level by the US Army Corps of
Engineers (“COE”) of a Concept Plan for the modification of a portion of the area leased (the
“COE Property”) by the City of Lewisville (“City”) from the COE via lease #DACW63-1-000820 dated April 15, 2000 for a 25 year term ending on April 14, 2025 along with
Supplemental Agreements No. 1 and 2, (collectively the “COE Lease”). This submittal
contains 1) an overview of the current uses on the COE Property, and 2) a summary of the
proposed specific land uses as included in the Concept Plan along with related specific
construction items, infrastructure and grading.
Further detail associated with the design and construction of the conceptual items included
herein will be submitted to the COE in the future prior to commencement of construction.
This future submission will address in detail the technical items associated with construction
and relocation of the items specified herein. All the required elements for formal approval
by the COE for construction will be included in these future submissions.
At the time when formal submission is submitted to the COE for approval of specific design
and construction of the conceptual items contained herein, it is planned that such request
will be accompanied by a request to renew the COE Lease at that time for a fifty (50) year
term along with an automatic right to an extension of an additional twenty-five (25) years.
This extended term will be needed in order to obtain the required capital for the construction
of the proposed improvements.
The approval requested by this submission is an approval of the conceptual development
plan and proposed uses and not of the technical items which will be submitted for approval
by the COE in the future.
This submission is not meant to replace, modify or circumvent any requirements for future
lease renewals which are required to be submitted to the COE.
SECTION 2 – PROJECT NARRATIVE
The City is proposing the modification of approximately 60 acres of the COE Property
known as East Copperas Branch Park located east of Interstate Highway 35 East around
Garden Ridge Blvd and Eagle Point Rd along the western edge of Lewisville Lake.
This land is owned by the COE and is leased to the City. The City directly manages
portions of the COE Property and subleases part of the COE Property to other users.
The agreements and subleases on the COE Property in effect today are as follows:
x Marina Lease Concession
o From City to LJH Corporation
o Dated 10/2/00
o 25 year term expiring 4/14/25
3 of 20
x
x
x
o Use – Master Concessionaire agreement of entire area to LJH
Corporation
Marina Sublease
o From LJH Corporation to Trett Enterprises
o Dated 2/22/90
o Term – Co-terminus with the expiration of the City lease to LJH
Corporation which is currently 4/14/25
o Use – Master sublease of entire area to Trett Enterprises
Sneaky Pete’s Restaurant & Club Lease
o From Trett Enterprises to Sneaky Pete’s Restaurant & Club
o Dated 9/16/88
o 25 year term ending 9/29/06; Extended to end 4/14/25
o Use – area for use by Sneaky Pete’s Restaurant and Club
Slalom Shop Lease
o From Trett Enterprises to The Slalom Shop
o Dated 12/13/94
o Term ending 4/14/25
o Use – Retail boat sales operation
The City has completed an evaluation of the restrictions, constraints, and requirements
pertaining to the COE Property and has met with the COE several times over the past 2
years to discuss modifications of the COE Property. As a result of this evaluation and
additional studies, the City would like to facilitate the modification of the COE Property to
include the items set forth below.
A. Conceptual Land Uses
1. Hotel & Conference Center
2. Restaurant Complex
3. Resort Lodge with rental rooms
4. Cabin Rental
5. Modified Boat Maintenance Operations
6. Modified Marina Management Office Location
7. Relocation of Marina Wet Slips
8. Modified East Copperas Branch Park Access and Operations
9. Relocated Boat Gas Dock and Rental Facility
10. Relocation of Dry Surface Storage for boats and trailers
B. Specific Construction Items
1. Mass Grading including excavation and fill of areas currently above and below
elevation 537
2. Remove & Replace Wave Break
3. Hard Edge along portions of the shoreline
4. Elevated Boardwalks
5. Walking, jogging, biking trail
6. Modified Parking
7. Pier & Courtesy Slips
8. Dredging of Southern Cove
9. Amenity Pond
10. Tree Removal/Mitigation
11. Plantings
12. Irrigation System
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13. Utility and Road Infrastructure
Each of the above items is further discussed in the sections below.
SECTION 3 – EXISTING AND ADJACENT LAND USES
Currently the COE Property is used for a marina, boat maintenance and dry (ground)
surface storage, a restaurant and bar, and a boat and related water sports sales facility.
The specific names of these uses of the property are as follows:
Eagle Point Marina – Marina office, wet slips, boat maintenance, dry storage, boat
rentals, fuel dock, and parking.
Sneaky Pete’s Restaurant – An approximate 24,000 square foot restaurant, bar
and parking.
The Slalom Shop – Retail sales of boats, yachts, water sports gear and apparel
including showroom, maintenance and parking.
In addition, the Denton County Transportation Authority (“DCTA”) recently opened a train
station adjacent to and outside the COE Property along the western side adjacent to I-35 E.
There is an additional approximate 5 acres called Tower Bay Mobile Home Park that is
privately owned and located outside but adjacent to the northern portion of the COE
Property. This property is planned for medium density residential as part of the
development of the area. Existing site plan, land uses and photographs can be found in
Attachments A & B.
SECTION 4 – PROPOSED LAND USES
The current land use conforms to the recreation land use allocation for COE Property as
shown in the Lewisville Lake Master Plan. The proposed land use for the COE Property is a
comprehensive resort within a recreation area.
As part of the City’s evaluation, planning studies were undertaken to evaluate the feasibility
of multiple uses for the COE Property. From these studies, a concept plan for the
modification of this property was created. This concept plan, the “Conceptual Plan” is
attached hereto as Attachment C.
This Conceptual Plan is also shown below with individual colors identifying the areas of the
COE Property associated with each specific type of proposed use. Each of these specific
uses is further summarized next following the depiction.
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A. Resort Hotel & Conference Center (dark purple area)
An approximate 300 key, 3 to 4 star, full service hotel consisting of approximately
226,000 square feet with resort amenities and primarily underground parking. The
conference center space is planned to include a pavilion and ancillary space with a total
of approximately 56,500 sf (potentially larger). The hotel amenities will be utilized by
those staying at the hotel, attending conferences and boaters. Hotel amenities will
include a specialty and a three meal restaurant located within the formal structure of the
hotel (serviced and operated by the hotel), lobby bar/lounge, spa and fitness center, and
resort style pool within a native Texas landscape theme. In addition to the typical hotel
rooms, a variety of hotel suites will also be provided, with most rooms having views of
the water. The full service conference center will offer first class accommodations for
private and public functions, for large and small groups, with larger rooms being sub
divisible for smaller functions. Convenient underground parking and back of house
service facilities will occupy the lowest levels of the hotel and conference center.
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The hotel and conference center site (approximately 26.9 acres), will require mass
grading and fill above and below the 537 ft elevation. Fill material will be generated from
the excavation of the foundation, underground parking and expansion of the cove (as
addressed in Section 5c below). A structurally designed hard edge is planned to be
constructed along the water’s edge from the easterly end of the hotel site along the north
side of the southern cove down to the location of the restaurant cluster. This hard edge
will be designed to prevent erosion of the lake edge and will be backfilled with suitable
fill material. The hard edge adjacent to the water will have a top elevation of 526 ft. The
site grading will include benching of the slope from elevation 526 ft up to the hotel.
The terraced areas will have amenity pools, waterfalls, landscape areas, pavilion,
amphitheater and pathways for pedestrian access.
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Subject to approval by the governmental approvals including the City of Dallas Water
Utilities, water will be pumped from the lake to fill the upper ponds (ponds will be
restricted to not allow swimmer access; visual use only) and then allowed to flow back
down to the lake. Cut and fill volumes between 522 ft and 537 ft elevations will be
balanced to have no net loss of lake storage. Courtesy/day slips in the southern cove
will be constructed for lake access to the facilities. The purpose of these slips shall be
restricted for the patrons of the hotel and restaurants to encourage boating traffic from
the lake to visit and enjoy these facilities. The slips will not be used for rental purposes
and overnight usage of the slips will be reserved exclusively for the overnight guests of
the hotel and related patrons.
B. Restaurant Complex (dark yellow area)
A cluster of up to three (3) separate but connected restaurant(s) (approximately 8,000 sf
each) are proposed and will share surface parking. The restaurant(s) will be connected
by open air breezeways / boardwalks and associated shade covers and outdoor
furnishings. Courtesy/day slips will allow access for patrons arriving by boat.
The restaurant complex will be connected to the hotel via a boardwalk in proximity to the
hard edge along the waterfront. This will allow patrons of the hotel to access the
restaurant facilities. The restaurant(s) will be casual, table service themed restaurant(s)
that will serve alcohol.
The restaurant(s) will be located adjacent to the shoreline of the lake and will have a
minimum finished floor elevation of 537 ft. The back portion of the restaurant(s) and
deck may overhang the water and be supported by pilings or other acceptable support
structures. Parking will be provided at the front of the restaurant(s) at ground level
between 532 ft and 537 ft.
The total square footage of the 1 to 3 restaurant(s) located here will be limited to the
square footage of the existing Sneaky Pete’s restaurant. The primary difference being
that the location is different from the current restaurant location and that up to three
restaurants may be located in the cluster.
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C. Retail Shop (light green area)
The Slalom Shop will remain at its current location and continue to operate as a retail
provider of boats, water sports gear and apparel in support of the marina and park
activity. The retail shop is expected to continue to be operated and maintained by The
Slalom Shop.
The office location will be moved closer to the slips in the northern cove and
adjacent to existing parking (see red arrow below). The office building may be
built with a minimum finished floor of 537 ft and if so, may achieve this through a
combination of fill and use of pilings.
The revised marina facilities may include a relocation of the dry dock storage
area to a suitable area on the COE Property.
Boat maintenance will be performed in a new building located near the boat
launch ramp on ground currently above elevation 537 ft (see blue arrow below).
Maintenance items to be performed may include all currently permitted services.
No change to the approved number of slips is requested with this submittal.
Additional parking is proposed to serve the existing slips since it is currently
underserved.
D. Marina Operations (orange area)
The marina will continue to function and provide services for recreational use on the
lake. Some changes to the marina operations are planned in conjunction with the
development of the resort hotel. The changes include:
x
x
x
x
x
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The marina is expected to continue to be operated and maintained by approved
sublease from the City.
E. East Copperas Branch Park (dark green area)
The east half of East Copperas Branch Park will be gated from the public and operated
as part of the marina operations. The boat ramp and related parking will no longer be
open to the public. It will be relocated to a location on the lake to be determined and
approved with the formal submittal.
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F. Boating Gas Dock and Boat Rental Facility (red area on the south side of the southern
cove)
The gas dock and boat rental slips will be moved from the north side (current location
shown by purple arrow below) of the southern cove across to the southern side
(proposed location shown by red arrow below). All related items associated with this
operation such as gas tanks, lines, power, etc. will be relocated and installed at the
southern side as well. This facility may be included in the marina operations and all boat
rentals may be managed at this facility.
G. Resort Lodge and Cabin Rental (pink area)
The resort lodge and cabins are planned to consist of a two-story lodge of approximately
12,000 square feet with a total of 15 guest rooms, plus (11) single story guest cabins
that are approximately 1,100 square feet each, all designed in a casual rustic Texas
style. The total size of this facility will be approximately 25,000 square footage of
rentable space.
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The lodge and cabins will be located on existing ground elevation from 528 ft to 537 ft
and will be raised by a combination of fill and pilings to an elevation of 537 ft.
The lodge and cabins are expected to be included as part of the hotel operations.
This site is above 537 ft elevation and does not contain any flowage easement. The land
is proposed for medium density residential.
H. Tower Bay Mobile Home Park Site (not on COE Property) (light brown area)
This area is approximately 5 acres and is privately owned. It is not part of the COE
Property and thus is not subject to the COE restrictions. Information is being provided
herein not for approval, but for informational purposes only.
I.
DCTA Site and Expansion thereof (not on COE Property) (blue area)
This site itself is also not part of the COE Property and thus is not subject to the COE
restrictions. Information is being provided herein not for approval of the site itself, but for
informational purposes.
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The site has recently been improved with a train station for the Denton County
Transportation Authority and related parking. It is expected to be a great benefit to the
visitors and patrons of the COE Property as it allows for non-vehicular visitation to and
from the COE Property. As usage of this amenity increases, the DCTA site may require
expansion to accommodate additional riders and possibly result in a mixed use transit
oriented development.
J. Future Approved Use Sites (light yellow areas)
There is land within the COE Property that is adjacent to I-35E and north of the primary
entry road and which is currently above the 537 ft elevation that has potential for
development. These sites are presently not developed and no specific plans are
proposed with this project at this time. A separate development plan(s) may be
prepared and submitted in the future for approval by the COE if development of these
areas is desired.
A portion of the southern light yellow area south of the primary entryway is planned for
the potential relocation of the dry storage facilities (see Section O below).
K. Development Entry Zone (light purple area)
Primary Entry point into the area will be provided by utilizing the existing entry road
(Eagle Point Rd) in its present location from the I35 Frontage Road across the railroad
tracks. Enhanced entry features are planned here to include resort signage, landscape,
landscape and signage lighting, and a natural water feature. The water feature will be
developed within the existing draw and is intended to accentuate views of the lake upon
entering the property.
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L. Utility Infrastructure
Existing infrastructure is not adequate to serve the proposed development. New water
and sewer utilities will be installed above and below elevation 537 ft. Sewer construction
is planned to be buried below ground surface at such depths and horizontal separation
as required by governing ordinances. (Refer to Attachments D & E)
M. Wave Break
The existing floating tire wave break outside of the entrance to the southern cove will be
replaced with a new breakwater constructed either by fill or a new floating structure (type
and specifics of each such to COE approval).
N. Marina Wet Slips
Wet slips will be relocated from the west and southern coves (shown by red arrows
below) to the north cove (shown by purple arrow below) by East Copperas Branch Park.
The relocated slips will be accessed from the East Copperas Branch Park point and use
the existing parking facility. Utility services will be provided as required to these
relocated slips. No increase in the total permitted or approved slips is being requested.
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O. Dry Surface Boat & Trailer Storage
The existing boat and trailer storage which is currently located on the COE Property is
planned to be potentially be relocated to the area south of the southern cove (as shown
by the dark blue arrow above) or other suitable area to be determined.
Lease structure and information on who will operate and maintain each facility (if not
specified above) is yet to be determined and will be included with the formal, detailed
submission.
SECTION 5 – SITE GRADING
As part of the proposed development, grading of the site and shoreline including changes to
the 537 ft contour will be required. Cut and fill volumes between 522 ft and 537 ft elevations
will be balanced to have no net loss to lake storage.
A. Site Grading
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Fill material will be generated from the excavation of the foundation and underground
parking. The hotel and conference center will be filled so that the minimum finished floor
of these facilities will be a minimum elevation of 537 ft.
B. Hard Edge
A structurally designed hard edge will be constructed along the water’s edge to retain
the fill material.
C. Lake Area Expansion
Excavation and dredging of the lake in the southern cove leading to and adjacent to the
restaurant complex will be required to maintain boat access to this area. The cove
dredging will be to a depth suitable to permit boat traffic during low water levels. A
vertical hard edge will be constructed adjacent to the hotel and boardwalk to the
restaurant complex at elevation 526 ft as part of the connection to the restaurant
complex. The natural sloping edge will be maintained starting in close proximity to the
southern edge of the restaurant complex and will continue down to and include the lake
edge along the lodge and cabin areas. Appropriate suitable portions of the dredged
material will be spread out to dry and worked into the soil in non-development areas
above elevation 537 ft. The non-suitable portions of the dredged material will be
properly disposed.
D. Amenity Water Feature
An amenity pond and cascading stream, subject to approval by the governmental
approvals including the City of Dallas Water Utilities, is proposed in the existing draw
from the entry feature to the lake. Water from the lake will be used to keep the pond full
and provide for a continuous water flow in the stream. The pumped water will flow
through the stream and back into the lake.
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E. West Cove Reclamation
The west cove (shown by red arrow in depiction above) of the marina is not a functioning
cove for marina slip use on a continual basis. In order to provide better access, the slips
located within this cove will be removed from this cove and relocated to the northern
cove. The cove area above the boat ramp will be filled and used for infrastructure
including roads, utilities, landscaping and to provide enhanced access for marina and
boating facilities.
SECTION 6 – CONCEPTUAL PROJECT PHASING AND SCHEDULE
The currently planned schedule is to obtain COE approval of the Conceptual Plan and then
to obtain financing for the development of Phase 1A of the project by mid 2014.
Engineering and construction of the master infrastructure will begin immediately after that
followed by design of the Phase 1A facilities.
A. Phase 1A – Design in 2014, construction in 2015-2016.
i)
Phase 1 Master Infrastructure
ii)
Dredging & Hard Edge
iii)
Mass Grading
iv)
Hotel and Conference Center
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v)
vi)
Marina Improvements & New Management Office
B. Phase 1B – Design in 2014, construction in 2015 (construction will not be commenced
prior to commencement of construction of the hotel)
i)
Restaurant Complex
C. Phase 2 - Design in 2018, construction in 2019
i)
ii)
Tower Bay Mobile Home Park Site (not on COE Property) - TBD
iii)
D. Phase 3 - Design in 2019, construction in 2020
i)
ii)
Development on DCTA Site (not on COE Property) - TBD
iii)
Future Development Parcels - TBD
The above phasing and schedule is subject to change. The commencement of construction
of the Restaurant Complex will not occur prior to the commencement of construction of the
Hotel and Conference Center. However, the completion of the Restaurant Complex could
be completed prior to completion of the Hotel and Conference Center.
SECTION 7 – CLOSING AND REQUEST
The City of Lewisville is proposing modification of approximately 60 acres of the COE
Property along Lewisville Lake that is within the COE Lease area. The purpose of this
submittal is to request, at a conceptual level, COE approval of the proposed land uses,
infrastructure and grading. The approval would be a conditional approval and would be
subject to review of a detailed plan(s) which would be submitted to the COE in the future
prior to commencement of any construction. The following items are included in the
request:
1. Future renewal of the COE Lease for a fifty (50) year term along with an additional
twenty-five (25) year renewal option.
2. Hotel & Conference Center – Request approval of this land use and mass grading
above and below elevation 537 ft.
3. Restaurant Complex – Request approval to move this current land use from the eastern
end of the peninsula (Sneaky Pete’s) to the western end of the southern cove, including
the cut/fill and pier supports proposed.
4. Resort Lodge with rental rooms – Request approval of this land use and proposed
grading (cut/fill and pier supports).
5. Cabin Rental - Request approval of this land use and proposed grading (cut/fill and pier
supports).
6. Boat Maintenance Building – Request to relocate the facility on the property.
7. Marina Management Office – Request to relocate the office within the property and
associated grading (cut/fill and pier supports).
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8. Marina Wet Slips – Request to relocate wet slips from the western and southern coves
to northern cove adjacent to of East Copperas Branch Park.
9. East Copperas Branch Park – Request to close the access of the boat ramp and
parking to the general public and constructing a new public ramp at a to be determined
and approved location in the general vicinity.
10. Boating gas dock and rental facility – Request to relocate from the peninsula point to the
east end on the south side entrance to the southern cove.
11. Wave Break – Request to remove the existing floating tire wave break in front of the
southern cove and replace it with a breakwater constructed by fill material or other
suitable type approved by the COE.
12. Hard Edge – Request to construct an engineered hard edge along portions of the
shoreline and associated fill behind the wall.
13. Mass Grading - Excavation and fill of areas currently above and below elevation 537 ft
required for site preparation for the proposed land uses of the development plan. The
grading will move the current location of the 537 ft contour. Cut/fill to balance and
create no net loss of flood storage (522 ft - 537 ft).
14. Elevated Boardwalks – Request to construct elevated boardwalks above and below
elevation 537 ft.
15. Trail – Request to construct a hiking/biking (non-motorized) trail above and below
elevation 537 ft.
16. Parking - Request to construct parking facilities above and below elevation 537 ft.
17. Pier & Courtesy Slips – Request to construct a pier and courtesy/day slips adjacent to
the hotel and restaurant complex.
18. Southern Cove - Request to dredge and expand the lake in the southern cove by the
restaurant complex to allow for improved boat access.
19. Amenity Water Feature – Request to create an online amenity water feature near the
entrance with outfall enhancements to the lake, subject to relevant governmental
approvals.
20. Tree Removal/Mitigation – Request to remove trees required for site preparation for the
proposed land uses of the development plan. Any required mitigation will be handled in
conjunction with overall landscape planting for the entire project.
21. Plantings – Request to plant trees, shrubs and other landscaping above and below
elevation 537 ft.
22. Irrigation System – Request to install system above and below elevation 537 ft.
23. Water & Sewer Utilities – Request to install water and sewer utilities above and below
elevation 537 ft. Sewer construction is planned to be buried below ground surface at
such depths and horizontal separation as required by governing ordinances.
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D
C
B
A
Sanitary Sewer Layout
Water Layout
Conceptual Master Plan
Existing Site Photos
Existing Site Context, Land Uses
LIST OF ATTACHMENTS
E
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SITE CONTEXT & LAND USES
4
EXISTING SITE PHOTOS
5
CONCEPTUAL MASTER PLAN
9
COMMON IMPROVEMENTS – COMMON AREA – WATER LAYOUT
WATER (PHASE I)
$672,500
Pipe Change
Proposed Water – PHASE I
Proposed Water – PHASE II
Existing (Abandoned)
22
COMMON IMPROVEMENTS – COMMON AREA – SANITARY SEWER
LAYOUT
SEWER (PHASE I)
$1,170,000
8" Waterline
12" Waterline
8" Sewer
10" sewer
12" sewer
8" forcemain
3" Forcemain
0.10 MGD
LIFT STATION
Lift Station
Pipe Change
Proposed Sewer – PHASE I Force Main
Proposed Sewer – PHASE I Gravity
23

You can view the full plan here.

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