Lakeview Center III

confidential property
offering
exclusively listed by:
Holiday Inn Express Hotel & Suites,
Bonita Springs(Naples), Florida
$6,500,000
reduced price:
$5,750,000
27894 Crown Lake Blvd. Bonita Springs(Naples), Fl 34135
The Bonita springs/Naples area is one of the fastest growing in the country
3 diamond AAA rating, new property opened Nov. 1999
Clientele is upscale resort/leisure, highway & commercial market
2 miles to white sand beach, state park & recreation area
Sperry Van Ness is a registered trademark of Sperry Van Ness International Corporation.
Some locations independently owned and operated.
Commercial Real Estate Advisors
Natvar Nana, tel: 407-876-5549, fax: 407-876-5553, e-mail: nanan@svn,com
T. C. Chen, tel: 407-239-7233, fax: 407-239-2380, e-mail: [email protected]
C o mme r c i a l R e a l E s t a t e Adv i s o r s
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executive summary
property address:
Holiday Inn Express Hotel & Suites,
27894 Crown Lake Blvd. Bonita Springs(Naples), Fl 34135
apn:
33-47-25-B3-01800.0030
year built:
2000
land acres:
2.31+-
amenities:
heated swimming pool/patio, hair dryer, breakfast area, guest laundry,
2 phone lines with voice mail & data port, clock radio alarm, vending,
safe, Iron/Iron Boards, kitchenettes, in-room coffee maker, fax & copy services
list price:
$5,750,000
2003-occupancy:
2003-revenue:
41.50%
rooms:
2003-actual cap. rate:
building sq ft:54,941
price/unit:
adr:
$1,096,836
$53,241
$63.84
total:
$1,106,519
N.O.I.: $362,441
6%
king executive rooms: 19,
king suite rooms: 25
double queen rooms: 64
rooms:
108
property type:
4 story concrete slabs, masonry construction, interior corridor
parking:
130
comments:
The property is located in Bonita Springs-Naples, fast growing resort area
in the country, only 2 miles to white sand beach & state park, 9 miles to
downtown Naples, 20 miles to Ft. Myers International Airport, close to upscale
restaurants and shops.
Exceptional financing may be available for a qualified buyer
contact:
Natvar Nana, tel: 407-876-5549, fax: 407-876-5553, e-mail: [email protected]
T. C. Chen, tel: 407-239-7233, fax: 407-239-2380, e-mail: [email protected]
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
property maps
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C o mme r c i a l R e a l E s t a t e Ad v i s o r s
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
C o mm e r c i a l R e a l E s t a t e Ad v i s o r s
room type
total
queen/qeen
62
*H.C. queen/queen
1
16
king
H.C. king
4
23
king suite
H. C. suite
2
total
108
*H. C.-- Wheelchair accessible
1st floor
12
0
2
2
5
0
21
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floor plan: 1st floor
2nd floor
14
1
6
2
6
0
29
3rd floor
18
0
4
0
6
1
29
4th floor
18
0
4
0
6
1
29
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
C o m m e r c i a l R e a l E s t a t e Ad v i s o r s
room type
queen/qeen
H.C. queen/queen
king
total
62
1
16
H.C. king
4
king suite
23
H. C. suite
2
total
108
*H. C.-- Wheelchair accessible
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floor plan: 2nd-4th floor
1st floor
12
0
2
2nd floor
14
1
6
3rd floor
18
0
4
4th floor
18
0
4
2
5
0
21
2
6
0
29
0
6
1
29
0
6
1
29
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
property photos
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property photos
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Commer ci al Real Es t at e Advi s or s
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
property photos
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Commer ci al Real Es t at e Advi s or s
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Commer ci al Real Estate Advi sor s
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competitive hotels
Published Rate Range
Year Built
# Of Rooms
Distance from
Beach
Rating
Hampton Inn
27900 crow Lake Blvd.
Bonita Springs, Fl
$60-$149
1,996
91
2 miles
3 stars
Trianon Bonita Bay
3401 Bay Commons Dr.
Bonita Springs, Fl
$82-$275
1,999
100
1.5 miles
3.5 stars
Comfort Inn
9800 Bonita Beach Rd.
Bonita Springs, Fl
$49-$114
1,990
69
2 miles
2 stars
Americinn Hotel & Suites
28600 Trails Edge Blvd.
Bonita Springs, Fl
$60-$143
1,998
87
2 miles
3 stars
$55-$145
2,000
108
2 miles
3 stars
Property Address
Subject Property
Holiday Inn Express
27894 Crown Lake Blvd.
Bonita Springs, Fl
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
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competitive hotels
Property Address
#1. Hampton Inn
27900 crow Lake Blvd.
Next to Holiday inn Exp.
#2. Trianon Bonita Bay
3401 Bay Commons Dr.
1.5 Mile to Holiday Inn Exp.
#3. Comfort Inn
9800 Bonita Beach Rd.
1 Mile to Holiday Inn Exp.
#4. Americinn Hotel & Suites
28600 Trails Edge Blvd.
1 Mile to Holiday Inn Exp.
Subject Property
Holiday Inn Express
27894 Crown Lake Blvd.
Bonita Springs, Fl
2
Holiday
1 Inn Exp.
3
4
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The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
financial Analysis
actual,
2001
actual,
2003
pro forma
year 1
108
108
108
108
108
108
108
occupancy percentage
45.2%
40.1%
50.0%
54.5%
60.0%
68.5%
70.0%
average daily rate
$62.6
$64.3
$66.0
$67.5
$69.8
$70.0
$72.0
1,231,109
1,096,836
1,300,072
1,449,948
1,649,964
1,779,813
1,986,768
telephone
10,555
6,541
7,881
8,590
9,457
10,166
11,033
others
19,280
3,142
3,861
4,293
4,821
5,286
5,851
1,260,943
1,106,519
1,311,814
1,462,831
1,664,241
1,795,265
2,003,652
11,675
10,246
12,146
13,545
15,410
16,623
18,552
net operating income
515,827
362,441
561,592
631,254
730,167
764,150
871,849
net operating margin
40.9%
32.8%
42.8%
43.2%
43.9%
42.6%
43.5%
annual mortgage payment
(428,813)
(428,813)
(428,813)
(428,813)
(428,813)
cash flow after debt service
132,779
202,441
301,354
335,337
443,036
number of unit:
rooms revenue
total revenue
total revenue per room
debt service coverage
capitalization rate
9.0%
6.3%
1.31
9.8%
pro forma pro forma pro forma
year 2
year 3
year 4
1.47
11.0%
1.70
12.7%
pro forma
year 5
1.78
13.3%
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C o mme r c i a l R e a l E s t a t e Ad v i s o r s
2.03
15.2%
investment returns:
the following assumptions were used in estimating investment returns:
funds and mortgage
acquisition cost
5,750,000
renovation
15,000
relicensing & closing cost
30,000
total "all-in" investment
5,795,000
cost per room:
capitalization rate
down payment
mortgage
amortization (year)
interest rate
53,657
6.3%
1,159,000
20%
of "all-in" investment
4,636,000
20
7.00%
monthly pmt
(35,734)
annual pmt
(428,813)
capital gain calculation
year 5 net operating income
terminal cap rate
871,849
10.00%
gross sales price
8,718,491
price/room:
80,727
selling costs
348,740
price/revenue:
4.4
net sales price
8,369,751
remaining 1st mortgage balance (4,013,781)
return on equity
1,159,000
capital gain:
3,196,970
5-year leveraged IRR analysis
year 1
year 2
132,779
202,441
year 3
year 4
year 5
equity (1,159,000)
cash flow after debt service
301,354
335,337
net sales price
8,369,751
remaining 1st mortgage balance
(4,013,781)
net cash flow (1,159,000)
cash-on-cash return
5-year leveraged IRR
443,036
7.51%
132,779
-5.73%
11.5%
202,441
17.5%
301,354
26.0%
335,337
28.9%
4,799,007
414.1%
44%
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
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Commer ci al Real Es t at e Advi s or s
2003 & pro forma
year ended
dec. 31, 2003
pro forma
year 1
pro forma
year 2
pro forma
year 3
r
pro forma year o
f
4
operating statistics:
number of unit:
108
108
108
108
108
days in a period:
365
365
365
365
365
available rooms:
39,420
39,420
39,420
39,420
39,420
occupied rooms
15,801
19,710
21,484
23,652
25,426
occupancy percentage
40.08%
50.00%
54.50%
60.00%
64.50%
average daily rate
$64.35
$65.96
$67.49
$69.76
$70.00
revPAR
$27.82
$32.98
$36.78
$41.86
$45.15
1,096,836
0.99 1,300,072
0.99 1,449,948
0.99 1,649,964
0.99 1,779,813
0.99
revenues:
rooms
telephone
6,541
0.01
7,881
0.01
8,590
0.01
9,457
0.01
10,166
0.01
others
3,142
0.00
3,861
0.00
4,293
0.00
4,821
0.00
5,286
0.00
total revenues
1,106,519
1.00 1,311,814
1.00 1,462,831
1.00 1,664,241
1.00 1,795,265
1.00
367,311
0.33
354,780
0.27
402,179
0.28
460,476
0.28
514,812
0.29
9,667
1.48
7,487
0.95
8,160
0.95
8,984
0.95
9,658
0.95
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
total departmental expenses
376,978
0.34
362,267
0.28
410,339
0.28
469,460
0.28
524,470
0.29
gross operating income
729,541
0.66
949,547
0.72 1,052,492
0.72 1,194,781
0.72 1,270,795
0.71
administrative & general
35,357
0.03
45,258
0.03
0.03
0.03
0.03
sales & promotion
23,258
0.02
16,398
0.01
18,285
0.01
20,803
0.01
22,441
0.01
franchise & marketing fees
95,359
0.09
113,028
0.09
126,059
0.09
143,448
0.09
164,333
0.09
property operations & maint
35,809
0.03
39,748
0.03
44,324
0.03
50,427
0.03
54,397
0.03
utility costs
62,092
0.06
72,150
0.06
80,456
0.06
91,533
0.06
98,740
0.06
total undistributed oper. expense
251,875
0.23
286,581
0.22
317,837
0.22
359,145
0.22
399,066
0.22
gross operating profit
477,666
0.43
662,966
0.51
734,656
0.50
835,636
0.50
871,729
0.49
building & contents insurance
41,239
0.04
21,767
0.02
22,202
0.02
22,647
0.01
23,099
0.01
taxes
73,986
0.07
79,607
0.06
81,199
0.06
82,823
0.05
84,480
0.05
total other fixed expenses
115,225
0.10
101,374
0.08
103,402
0.07
105,470
0.06
107,579
0.06
net operating income
362,441
0.33
561,592
0.43
631,254
0.43
730,167
0.44
764,150
0.43
departmental expenses:
rooms
telephone
other
undistributed operating expenses:
48,713
52,934
59,156
other fixed expenses:
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2003 & pro forma detail
year ended pro forma
year 1
dec. 31 2003
pro forma
year 2
pro forma pro forma pro forma
year 5
year 3
year 4
operating statistics:
number of unit:
108
108
108
108
108
108
days in a period:
365
365
365
365
365
365
available rooms:
39,420
39,420
39,420
39,420
39,420
39,420
occupied rooms
16,359
19,710
21,484
23,652
27,003
27,594
occupancy percentage
41.50%
50.00%
54.50%
60.00%
68.50%
70.00%
average daily rate
$63.84
$65.96
$67.49
$69.76
$70.00
$72.00
revPAR
$27.82
$32.98
$36.78
$41.86
$47.95
$50.40
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C o mme r c i a l R e a l E s t a t e Ad v i s o r s
revenues:
rooms
1,096,836
1,300,072
1,449,948
1,649,964
1,890,189
1,986,768
telephone
revenue/occupied room
$0.40
$0.40
$0.40
$0.40
$0.40
$0.40
others
revenue/occupied room
$0.19
$0.20
$0.20
$0.20
$0.21
$0.21
33.49%
27.29%
27.74%
27.91%
28.93%
29.25%
departmental expenses:
rooms
% of room revenue
expense/occupied room
$23.25
$18.00
$18.72
$19.47
$20.25
$21.06
telephone
% of telephone revenue
147.79%
95.00%
95.00%
95.00%
95.00%
95.00%
others
% of others revenue
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.41%
3.45%
3.33%
3.18%
3.30%
3.09%
$2,946
$3,771
$4,059
$4,411
$4,930
$5,154
undistributed operating expenses:
administrative & general
% of total revenue
expense/ month
sales & promotion
% of total revenue
2.10%
1.25%
1.25%
1.25%
1.25%
1.25%
$1,938
$1,366
$1,524
$1,734
$1,870
$2,087
% of room revenue
8.69%
8.69%
8.69%
8.69%
8.69%
8.69%
% of total revenue
8.62%
8.25%
8.25%
8.25%
8.26%
8.26%
expense/month
franchise & marketing fees
property operations & maint % of total revenue
expense/month
utility costs
3.24%
3.03%
3.03%
3.03%
3.03%
3.03%
$2,984
$3,312
$3,694
$4,202
$4,533
$5,059
% of total revenue
5.71%
5.50%
5.50%
5.50%
5.50%
5.50%
expense/occupied room
$3.93
$3.66
$3.74
$3.87
$3.88
$3.99
building/contents insurance expense/month
$1,778
$1,814
$1,850
$1,887
$1,925
$1,963
real estate/property taxes
$6,504
$6,634
$6,767
$6,902
$7,040
$7,181
$723
$737
$752
$767
$782
$798
other fixed expenses:
expense/month
expense/room
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
occupancy, a.d.r.
room revenue
occupancy
jan
feb
mar
apr
may
jun
jul
aug
sep
oct
nov
dec
average
a.d.r.
jan
feb
mar
apr
may
jun
jul
aug
sep
oct
nov
dec
2000
2001
2002
2003
2004
0.00%
63.56%
62.00%
57.00%
70.00%
74.00%
91.89%
79.00%
69.00%
0.00%
67.00%
76.70%
70.00%
63.00%
0.00%
29.00%
46.08%
46.00%
42.00%
0.00%
26.00%
44.05%
29.00%
40.00%
0.00%
24.00%
34.10%
25.00%
35.00%
0.00%
28.00%
34.25%
29.00%
42.00%
0.00%
34.00%
30.34%
29.00%
27.00%
0.00%
39.00%
26.51%
23.00%
22.00%
0.00%
40.00%
27.03%
28.00%
32.00%
0.00%
45.00%
30.00%
32.00%
32.00%
0.00%
47.00%
38.00%
29.00%
37.00%
0.00%
41.18%
45.21%
40.08%
41.50%
70.00%
2000
2001
2002
2003
2004
$0.00
$72.46
$69.55
$69.04
$65.81
103.40
95.27
100.54
94.22
0.00
102.58
99.12
93.34
95.40
0.00
78.30
61.39
63.73
64.47
0.00
58.36
49.77
54.79
55.00
0.00
56.48
51.55
53.46
53.08
0.00
48.26
52.47
53.00
52.82
0.00
45.15
51.54
53.36
53.52
0.00
43.92
51.82
52.78
52.15
0.00
46.11
52.12
53.83
51.67
0.00
51.34
52.25
54.63
57.95
0.00
65.08
61.40
69.16
66.73
0.00
average
$63.54
$62.60
$64.35
$63.84
$65.81
room revenue
jan
feb
mar
apr
may
jun
jul
aug
sep
oct
nov
dec
2000
2001
2002
2003
2004
$0
$154,493
$143,171
$132,167
$152,954
230,469
264,932
237,278
194,874
0
229,753
254,537
216,560
202,385
0
74,214
91,606
95,248
87,849
0
50,440
73,523
52,164
72,807
0
43,941
56,965
42,611
59,403
0
45,675
60,236
52,364
74,054
0
52,322
52,364
51,739
47,902
0
55,227
44,512
38,919
36,839
0
62,268
47,219
50,526
54,516
0
75,567
50,478
56,672
55,515
0
78,159
64,697
80,451
0
total ytd
$1,022,713
102,836
$1,229,023 $1,101,949 $1,098,761
$152,954
period mtd
revenue per. rm
$1,022,713
$1,229,023
$152,954
$9,470
$11,380
$597,010 $1,098,761
$10,203
$10,174
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Co mme r c i a l R e al E s t a t e Ad v i s o r s
n/a
R
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
STAR Trend Report − May 2003
Holiday Inn Express Hotel &Suites Bonita Springs
27891 Crown Lake Blvd
Jun 24, 2003
Property vs. Competitive Set
e−star_trend
Bonita Springs, FL 34135
STR #: 39215
MgtCo: None
Operation: Franchise
United States
Chain ID: 9139
Owner: None
Market: Ft. Myers, Fl
Open Date: 199911
Total Rooms: 108
Telephone: (239) 948−0699
Occupancy
Year
Month
01.01
Tract: Ft. Myers−Bonita Springs
Average Room Rate
RevPar
Market Share
Property % Change Comp Set % Change Index % Change Property % Change Comp Set % Change Index % Change Property % Change Comp Set % Change Index % Change Supply Demand Revenue
2001 December
38.0
−19.5
45.4
−18.5
83.7
−1.2
61.40
−5.7
63.26
−3.4
97.1
−2.3
23.34
−24.0
28.74
−21.2
81.2
−3.6
18.9
15.8
15.4
2002 January
2002 February
61.6
−3.1
57.6
−25.8 106.9
78.6
−14.5
81.6
−13.9
96.3
30.4
69.55
−4.0
75.73
−3.8
91.8
−.3
42.84
−7.0
43.65
−28.5
98.1
30.1
18.9
20.2
18.6
−.6
100.54
5.8
95.66
−3.2 105.1
9.3
79.00
−9.6
78.08
−16.7 101.2
8.6
18.9
18.2
2002 March
69.8
−9.0
78.7
−10.6
19.1
88.7
1.7
93.34
−5.3
95.73
−3.4
97.5
−2.0
65.13
−13.8
75.37
−13.6
86.4
−.3
18.9
16.8
2002 April
46.2
.2
61.2
16.3
−.5
75.5
.7
63.73
3.8
59.70
−8.0 106.8
12.9
29.43
4.0
36.52
−8.5
80.6
13.8
18.9
14.3
2002 May
28.6
−35.1
15.2
47.0
−18.0
60.9
−20.9
54.79
10.1
52.10
1.8 105.2
8.2
15.64
−28.6
24.49
−16.4
63.9
−14.6
18.9
11.5
2002 June
24.6
12.1
−27.9
40.2
−15.9
61.2
−14.2
53.46
3.7
50.75
.3 105.3
3.3
13.15
−25.2
20.38
−15.8
64.5
−11.2
18.9
11.6
2002 July
29.5
12.2
−14.0
45.4
−18.2
65.0
5.2
53.05
1.0
52.25
3.8 101.5
−2.8
15.64
−13.1
23.72
−15.1
65.9
2.3
18.9
12.3
12.5
2002 August
2002 September
28.8
−5.0
45.5
17.6
63.3
−19.2
53.67
4.1
48.94
−3.0 109.7
7.3
15.45
−1.2
22.29
14.1
69.3
−13.5
18.9
12.0
13.1
23.0
−13.2
53.3
48.9
43.2
−41.6
52.24
.8
47.26
−6.3 110.5
7.6
12.01
−12.6
25.17
39.3
47.7
−37.2
18.9
8.2
9.0
2002 October
28.0
3.7
57.6
34.0
48.6
−22.6
53.91
3.4
48.85
−4.9 110.4
8.8
15.09
7.1
28.12
27.3
53.7
−15.8
18.9
9.2
10.1
2002 November
31.7
6.4
57.7
29.1
54.9
−17.7
54.26
3.8
50.35
−2.7 107.8
6.8
17.18
10.3
29.04
25.4
59.2
−12.0
18.9
10.4
11.2
2002 December
29.4
−22.6
47.0
3.5
62.6
−25.2
65.75
7.1
63.44
.3 103.6
6.7
19.32
−17.2
29.84
3.8
64.7
−20.3
18.9
11.8
12.2
2003 January
57.2
−7.1
63.8
10.8
89.7
−16.1
69.03
−.7
75.53
−.3
91.4
−.4
39.46
−7.9
48.16
10.3
81.9
−16.5
18.9
17.0
15.5
2003 February
69.0
−12.2
80.1
−1.8
86.1
−10.6
93.33
−7.2
97.76
2.2
95.5
−9.1
64.44
−18.4
78.33
.3
82.3
−18.7
18.9
16.3
15.6
2003 March
63.3
−9.3
76.3
−3.0
83.0
−6.4
95.49
2.3
98.24
2.6
97.2
−.3
60.47
−7.2
74.97
−.5
80.7
−6.6
18.9
15.7
15.3
2003 April
42.2
−8.7
53.3
−12.9
79.2
4.9
64.29
.9
65.51
9.7
98.1
−8.1
27.15
−7.7
34.92
−4.4
77.7
−3.6
18.9
15.0
14.7
2003 May
40.1
40.2
52.6
11.9
76.2
25.1
54.22
−1.0
53.23
2.2 101.9
−3.1
21.73
38.9
28.00
14.3
77.6
21.4
18.9
14.4
14.7
18.7
Three Months − Ending May
2001
55.7
37.5
69.0
21.3
80.7
13.3
75.53
−13.7
75.74
−5.6
99.7
−8.6
42.08
18.7
52.28
14.4
80.5
3.7
23.2
18.7
2002
48.2
−13.5
62.3
−9.7
77.4
−4.1
76.39
1.1
73.11
−3.5 104.5
4.8
36.81
−12.5
45.56
−12.9
80.8
.4
18.9
14.6
15.3
2003
48.6
.8
60.8
−2.4
79.9
3.2
75.19
−1.6
75.77
3.6
99.2
−5.1
36.55
−.7
46.08
1.1
79.3
−1.9
18.9
15.1
15.0
75.6
20.4
84.7
14.5
80.10
−12.4
81.74
−5.4
98.0
−7.5
51.29
20.7
61.77
13.8
83.0
6.0
23.2
19.7
19.3
−3.5 102.8
4.9
45.87
−10.6
51.20
−17.1
89.6
8.0
18.9
16.5
16.9
−5.8
42.32
−7.7
52.49
2.5
80.6
−10.0
18.9
15.8
15.2
19.0
Year to Date − Ending May
2001
64.0
37.6
2002
56.6
−11.6
64.9
−14.2
87.2
3.0
81.08
1.2
78.84
2003
54.2
−4.2
65.0
.2
83.4
−4.4
78.14
−3.6
80.75
2.4
96.8
Twelve Months − Ending May
2001
48.1
−3.4
57.7
67.06
−17.2
68.45
98.0
32.26
−20.0
39.50
23.2
19.4
2002
41.8
−13.1
53.0
−8.1
78.9
−5.4
68.98
2.9
66.16
−3.3 104.3
6.4
28.87
−10.5
35.07
−11.2
82.3
.7
19.2
15.2
15.8
2003
38.7
−7.4
55.9
5.5
69.2
−12.3
68.54
−.6
65.59
−.9 104.5
.2
26.55
−8.0
36.68
4.6
72.4
−12.0
18.9
13.1
13.7
Source: Smith Travel Research
83.4
81.7
DaySTAR Weekly Report − Week: 06/22/2003 − 06/28/2003
Holiday Inn Express Hotel &Suites Bonita Springs
27891 Crown Lake Blvd
Jul 1, 2003
Property vs. Competitive Set Excluding Subject Hotel
Bonita Springs, FL 34135
STR #: 39215
United States
Telephone: (239) 948−0699
Current Week
Date This Year:
Comparable Date LY:
2003
2002
e−star_week
MgtCo: None
Operation: Franchise
01.00
Chain ID: 9139
Owner: None
Market: Ft. Myers, Fl
Open Date: 199911
Total Rooms: 108
Tract: Ft. Myers−Bonita Springs
Occupancy
Average Room Rate
Property % Change Comp Set % Change
Occ
Index
% Change Property % Change Comp Set % Change
6.5
52.73
7.4
RevPar
ADR
Index
103.8
% Change Property % Change Comp Set % Change
Sun Jun 22
(Sun Jun 23)
22.2
59.7
46.4
10.7
47.8
44.0
54.75
−.9
12.17
70.4
24.49
19.1
Mon Jun 23
(Mon Jun 24)
40.7
68.9
56.2
−17.4
72.4
104.5
52.30
9.8
53.17
6.4
98.4
3.3
21.31
85.8
29.86
Tue Jun 24
(Tue Jun 25)
45.4
14.1
59.2
−20.3
76.7
43.1
53.39
−1.9
53.51
6.6
99.8
−7.9
24.22
11.8
31.67
Wed Jun 25
(Wed Jun 26)
36.1
−27.8
54.4
−25.1
66.4
−3.6
54.21
2.3
52.09
4.3
104.1
−2.0
19.57
−26.2
28.35
−21.7
RevPAR
Index
% Change
49.7
43.2
−12.2
71.4
111.9
−15.1
76.5
31.7
69.0
−5.6
Thu Jun 26
(Thu Jun 27)
31.5
−10.5
57.5
−9.4
54.8
−1.1
52.26
3.2
53.49
7.8
97.7
−4.3
16.45
−7.7
30.73
−2.4
53.5
−5.5
Fri Jun 27
(Fri Jun 28)
25.9
47.2
44.5
9.1
58.2
35.0
55.00
−.8
57.49
16.8
95.7
−15.1
14.26
46.1
25.58
27.3
55.7
14.6
Sat Jun 28
(Sat Jun 29)
28.7
40.7
52.1
16.0
55.1
21.4
54.23
−2.0
49.86
.2
108.8
−2.2
15.56
38.1
25.95
16.1
60.0
19.0
Weekly Subtotal
32.9
14.6
52.9
−8.8
62.2
25.7
53.59
1.9
53.11
6.7
100.9
−4.5
17.65
17.0
28.09
−2.7
62.8
20.1
Running 4 Weeks
Day of Week (Date Range)
Occupancy
Average Room Rate
Property % Change Comp Set % Change
Occ
Index
% Change Property % Change Comp Set % Change
RevPar
ADR
Index
% Change Property % Change Comp Set % Change
RevPAR
Index
% Change
Sundays (Jun 1 − Jun 22)
24.1
92.8
38.2
1.6
63.1
90.1
52.88
.2
51.62
6.1
102.4
−5.6
12.73
92.9
19.73
7.8
64.5
79.2
Mondays (Jun 2 − Jun 23)
39.4
53.3
54.8
−3.7
71.9
59.1
52.95
1.9
51.78
4.5
102.3
−2.5
20.84
56.1
28.38
.7
73.4
54.9
Tuesdays (Jun 3 − Jun 24)
45.1
34.2
60.2
−4.6
74.9
40.8
53.35
−3.0
52.83
5.2
101.0
−7.8
24.08
30.4
31.78
.3
75.8
30.0
Wednesdays (Jun 4 − Jun 25)
38.0
19.9
57.0
−11.4
66.7
35.3
53.23
−2.6
56.72
14.4
93.8
−15.0
20.21
16.6
32.34
1.5
62.5
14.9
Thursdays (Jun 5 − Jun 26)
39.1
42.2
56.9
−4.8
68.7
49.3
51.56
−4.6
55.10
12.8
93.6
−15.4
20.17
35.6
31.36
7.3
64.3
26.3
Fridays (Jun 6 − Jun 27)
28.0
34.6
50.4
.6
55.6
34.0
53.53
4.1
51.49
3.8
104.0
.3
14.99
39.8
25.97
4.6
57.7
33.6
Saturdays (Jun 7 − Jun 28)
32.9
25.6
52.5
7.6
62.7
16.8
54.61
2.9
49.98
1.3
109.3
1.6
17.95
29.3
26.26
9.1
68.4
18.5
35.2
38.6
52.9
−2.8
66.5
42.4
53.12
−.7
52.91
7.0
100.4
−7.2
18.71
37.6
27.97
4.1
66.9
32.2
Running 4 Week Subtotal
Source: Smith Travel Research
DaySTAR Weekday/Weekend Report − May 2003
Holiday Inn Express Hotel &Suites
27891 Crown Lake Blvd
Property vs. Competitive Set
Bonita Springs, FL 34135
STR #: 39215
United States
Telephone: (239) 948−0699
May 2003
Occupancy
38.5
% Change
37.8
Comp Set
e−star_wdwe
MgtCo: Own Oper/Ind Mgt
Operation: Franchise
Chain ID: 9139
Owner: None
Market: Ft. Myers, Fl
Total Rooms: 108
Tract: Ft. Myers−Bonita Springs
Weekend
% Change
50.1
9.3
01.00
Open Date: 199911
Weekday
Property
Month
Jun 24, 2003
Index
76.8
% Change
25.9
Property
43.3
% Change
44.1
Comp Set
Total
% Change
57.8
15.6
Index
74.9
% Change
24.6
Property
40.1
% Change
40.4
Comp Set
% Change
52.6
11.9
Index
76.2
% Change
25.3
Three Month
48.3
.7
59.4
−3.1
81.3
4.0
49.4
1.3
64.2
−1.0
76.9
2.3
48.6
.9
60.8
−2.4
79.9
3.4
Year To Date
53.4
−4.8
63.9
−.7
83.6
−4.0
55.9
−3.3
67.8
2.2
82.4
−5.4
54.2
−4.2
65.0
.1
83.4
−4.2
Twelve Month
38.8
−6.4
55.7
5.4
69.7
−11.1
38.7
−9.8
56.5
5.8
68.5
−14.7
38.7
−7.5
55.9
5.4
69.2
−12.3
Month
53.97
−1.6
53.94
4.3
100.1
−5.6
54.67
.0
51.93
−2.0
105.3
2.0
54.22
−1.0
53.23
2.2
101.9
−3.1
Three Month
75.50
−.3
75.97
4.5
99.4
−4.5
74.46
−4.5
75.32
1.7
98.9
−6.1
75.19
−1.6
75.77
3.6
99.2
−5.1
Average Rate
Year To Date
78.07
−3.5
80.70
2.6
96.7
−6.0
78.31
−3.9
80.86
2.0
96.8
−5.8
78.14
−3.6
80.75
2.4
96.8
−5.8
Twelve Month
68.05
−1.4
65.21
−1.0
104.4
−.3
69.73
1.1
66.53
−.5
104.8
1.6
68.54
−.6
65.59
−.9
104.5
.2
Month
20.80
35.7
27.04
14.1
76.9
18.9
23.69
44.3
30.01
13.2
78.9
27.3
21.73
38.9
28.00
14.3
77.6
21.4
Three Month
36.45
.4
45.16
1.3
80.7
−1.0
36.80
−3.3
48.34
.6
76.1
−3.9
36.55
−.7
46.08
1.1
79.3
−1.9
RevPar
Year To Date
41.71
−8.1
51.53
1.7
80.9
−9.7
43.80
−7.0
54.84
4.2
79.9
−10.7
42.32
−7.7
52.49
2.5
80.6
−10.0
Twelve Month
26.37
−7.7
36.32
4.3
72.6
−11.6
26.99
−8.7
37.56
5.2
71.9
−13.2
26.55
−8.0
36.68
4.6
72.4
−12.0
Source: Smith Travel Research
DaySTAR Daily by Month Report − May 2003
Holiday Inn Express Hotel &Suites
27891 Crown Lake Blvd
Property vs. Competitive Set Excluding Subject Hotel
Bonita Springs , FL 34135
United States
Telephone: (239) 948−0699
Comparable Date
LY:
e−star_daybymon
STR #: 39215
MgtCo: None
Operation: Franchise
Chain ID: 9139
Owner: None
Market: Ft. Myers, Fl
Open Date: 199911
Total Rooms: 108
Tract: Ft. Myers−Bonita Springs
Occupancy
Date This
Year:
Jun 23, 2003
Average Room Rate
01.00
RevPar
Property % Change Comp Set % Change Occ Index % Change Property % Change Comp Set % Change ADR Index % Change Property % Change Comp Set % Change RevPAR Index
%
Change
Thu May 1
(Thu May 2)
53.7
48.8
62.2
−7.7
86.3
61.0
54.28
−.1
54.26
8.6
100.0
−8.0
29.15
48.6
33.75
.2
86.4
48.2
Fri May 2
(Fri May 3)
45.4
32.4
59.6
−14.2
76.2
54.3
44.43
−16.1
54.09
8.0
82.1
−22.3
20.16
11.1
32.24
−7.5
62.5
20.0
Sat May 3
(Sat May 4)
45.4
16.7
62.6
−19.7
72.5
45.3
55.96
6.3
54.98
7.7
101.8
−1.3
25.39
24.1
34.44
−13.5
73.7
43.4
Sun May 4
(Sun May 5)
34.3
61.0
46.0
−6.1
74.6
71.5
53.97
−2.6
53.60
10.4
100.7
−11.7
18.49
56.7
24.66
3.7
75.0
51.2
Mon May 5
(Mon May 6)
43.5
68.0
48.6
−24.8
89.5
123.2
39.40
−25.4
53.21
5.4
74.0
−29.3
17.15
25.3
25.86
−20.7
66.3
57.9
Tue May 6
(Tue May 7)
35.2
30.9
58.1
−10.1
60.6
45.7
52.47
−8.2
52.74
4.6
99.5
−12.2
18.46
20.3
30.64
−5.9
60.2
27.8
Wed May 7
(Wed May 8)
39.8
30.1
52.9
−14.7
75.2
52.2
53.42
−6.3
52.96
5.1
100.9
−10.9
21.27
22.0
28.03
−10.3
75.9
36.0
Thu May 8
(Thu May 9)
38.0
32.4
51.4
−20.4
73.9
66.4
53.00
−9.6
51.82
4.8
102.3
−13.8
20.12
19.5
26.64
−16.5
75.5
43.3
Fri May 9
(Fri May 10)
31.5
208.8
63.3
19.2
49.8
159.4
54.91
50.2
42.12
−17.8
130.4
82.9
17.29
364.8
26.65
−2.1
64.9
373.7
Sat May 10
(Sat May 11)
36.1
225.2
56.4
1.3
64.0
221.6
53.72
−1.0
49.71
−3.4
108.1
2.6
19.40
221.7
28.02
−2.3
69.2
229.5
Sun May 11
(Sun May 12)
17.6
214.3
38.0
−6.9
46.3
238.0
54.42
12.6
50.72
6.2
107.3
6.0
9.57
255.8
19.28
−1.1
49.6
259.4
Mon May 12
(Mon May 13)
25.0
17.4
48.2
−18.6
51.9
44.2
55.22
6.7
52.77
8.4
104.6
−1.6
13.81
25.3
25.41
−11.8
54.3
41.8
Tue May 13
(Tue May 14)
28.7
24.2
60.0
−9.2
47.8
37.0
55.55
10.7
52.70
5.9
105.4
4.6
15.94
37.3
31.64
−3.8
50.4
42.8
Wed May 14
(Wed May 15)
39.8
65.1
57.7
−12.4
69.0
88.5
55.58
11.1
52.95
6.6
105.0
4.3
22.13
83.7
30.53
−6.7
72.5
97.0
Thu May 15
(Thu May 16)
33.3
44.2
60.3
1.5
55.2
41.9
53.06
−2.0
54.67
13.7
97.1
−13.8
17.69
41.1
32.94
15.3
53.7
22.3
Fri May 16
(Fri May 17)
29.6
60.0
66.5
7.3
44.5
49.3
52.13
−1.7
51.86
1.1
100.5
−2.9
15.44
57.2
34.50
8.5
44.8
45.0
Sat May 17
(Sat May 18)
29.6
6.5
72.4
35.1
40.9
−21.2
55.63
6.0
51.68
−2.2
107.6
8.4
16.48
13.1
37.40
32.1
44.1
−14.4
Sun May 18
(Sun May 19)
23.1
38.3
49.7
27.1
46.5
8.9
58.96
11.4
51.53
5.8
114.4
5.2
13.65
54.8
25.60
34.5
53.3
15.1
Mon May 19
(Mon May 20)
35.2
30.9
61.6
13.7
57.1
15.1
52.00
−4.0
75.98
56.7
68.4
−38.7
18.30
25.9
46.77
77.9
39.1
−29.3
18.8
Tue May 20
(Tue May 21)
38.0
36.7
63.7
2.7
59.7
33.3
54.80
−2.1
53.26
9.4
102.9
−10.5
20.81
33.7
33.94
12.5
61.3
Wed May 21
(Wed May 22)
44.4
71.4
60.5
5.8
73.4
62.0
54.42
2.3
53.18
7.3
102.3
−4.7
24.19
75.4
32.16
13.4
75.2
54.7
Thu May 22
(Thu May 23)
44.4
152.3
55.9
5.3
79.4
139.9
58.02
6.8
54.38
10.7
106.7
−3.5
25.79
169.8
30.42
16.6
84.8
131.7
56.6
Fri May 23
(Fri May 24)
40.7
57.1
70.0
2.2
58.1
53.7
60.02
9.0
53.26
7.0
112.7
1.9
24.45
71.3
37.27
9.4
65.6
Sat May 24
(Sat May 25)
99.1
15.1
95.5
−2.4
103.8
18.0
57.93
−2.7
57.84
10.4
100.2
−11.8
57.39
11.9
55.22
7.7
103.9
3.9
Sun May 25
(Sun May 26)
94.4
18.6
84.4
−11.6
111.8
34.1
58.13
−1.4
56.39
8.0
103.1
−8.7
54.90
17.0
47.62
−4.4
115.3
22.4
Mon May 26
(Mon May 27)
24.1
24.2
32.6
−26.4
73.9
68.7
55.19
.9
53.55
8.6
103.1
−7.1
13.29
24.9
17.46
−20.0
76.1
55.9
Tue May 27
(Tue May 28)
39.8
19.5
50.1
−17.5
79.4
44.6
52.53
−2.1
52.57
8.5
99.9
−9.8
20.92
16.9
26.34
−10.4
79.4
30.6
−7.4
Wed May 28
(Wed May 29)
39.8
10.2
57.7
6.5
69.0
3.6
52.93
−2.6
53.22
9.2
99.5
−10.7
21.07
7.4
30.69
16.1
68.7
Thu May 29
(Thu May 30)
37.0
14.2
58.3
8.0
63.5
5.8
54.35
3.3
53.40
9.6
101.8
−5.7
20.13
18.0
31.14
18.4
64.6
−.3
Fri May 30
(Fri May 31)
39.8
126.1
45.4
−9.4
87.7
149.9
54.00
−.1
51.37
6.0
105.1
−5.8
21.50
126.1
23.30
−4.0
92.3
135.5
Sat May 31
(Sat Jun 1)
36.1
143.9
46.7
−5.7
77.3
158.5
53.72
2.3
53.09
5.4
101.2
−3.0
19.40
149.4
24.77
−.5
78.3
151.0
Source: Smith Travel Research
Holiday Inn Express Hotel &Suites Bonita Springs
STAR Competitive Set Response Report − May 2003
Jun 24, 2003
27891 Crown Lake Blvd
e−star_response
Bonita Springs, FL 34135
STR #: 39215
MgtCo: None
Operation: Franchise
United States
Chain ID: 9139
Owner: None
Market: Ft. Myers, Fl
Open Date: 199911
Total Rooms: 108
Tract: Ft. Myers−Bonita Springs
Telephone: (239) 948−0699
2001
STR Code
Name of Establishment
City &State
Zip/ Postal Code
Telephone
Opened
01.01
2002
2003
Rooms J J A S O N D J F M A M J J A S O N D J F M A M
39215
Holiday Inn Express Hotel &Suites Bonita Springs
Bonita Springs, FL
34135
(239) 948−0699
199911
108
x x x x x x x x x x x x x x x x x x x x x x x x
32661
Hampton Inn Bonita Springs
Bonita Springs, FL
34135−4242
(239) 947−9393
199602
92
x x x x x x x x x x x x x x x x x x x x x x x x
21490
Comfort Inn Bonita Springs
Bonita Springs, FL
34135−4627
(239) 992−5001
198912
69
x x x x x x x x x x x x x x x x x x x x x x x x
40659
Staybridge Suites Bonita Springs Bay Plaza
Bonita Springs, FL
34135
(239) 949−5913
200107
106
x x x x x x x x x x x x x x x x x x x x x x
40159
Baymont Inns &Suites Bonita Springs
Bonita Springs, FL
34135−6232
(239) 949−9400
200003
60
x x x x x x x x x x x x x x x x x x x x x x x x
10651
Best Western Springs Resort
Fort Myers, FL
33908−4612
(239) 267−7900
196806
49
x x x x x x x x x x x x x x x x x x x x x x x
37276
Americinn Bonita Springs
Bonita Springs, FL
34134
(239) 495−9255
199805
87
571
x − Denotes data received by STR
− − Denotes no data because of seasonal closure
blank − Denotes no data received by STR
Source:
Smith Travel Research
Market Area Profile
market area profile
Bonita Springs
Bonita Springs started as a small
fishing village that survived on
proceeds from selling salted fish
to
Cuban
traders
from
beachside thatched huts. The
city has since grown to a
prospering community of over
23,000 residents. Bonita Springs is
also replete with rivers, bays and finger canals that are excellent for fishing and outdoor
recreation, and provide a scenic backdrop for waterfront lodging. Bonita's sparkling
beaches are a perfect retreat from the stress of everyday life, and attract visitors from
miles away.
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Commer ci al Real Est at e Advi sor s
Downtown Bonita Springs has been restored recently with the assistance of local
government and the Community Redevelopment Agency. Downtown Bonita Springs
was named a Main Street community, the only Florida non-city ever to be granted this
accolade. Bonita Springs is also conveniently located minutes from Southwest Florida
International Airport and Florida Gulf Coast University, which has led many to designate
Bonita Springs the "Gateway to the Gulf."
11 miles north of Naples, Bonita Springs hold natural and historic treasures. Exploration of
this area reveals Florida as it once was. The remote island beaches here are considered
some of the most beautiful in the area.
The white sands and blue waters of Bonita Beach and, unspoiled Lover's Key State Park
offer a chance to escape and relax to the sound of the surf gently rolling in from the Gulf.
Golfers will love the lush, green courses carved from nature, including some of the best
public courses in the country.
Of course, there is plenty of fishing available with many marinas offering boat rentals and
fishing charters. In addition, there is the Naples/Fort Myers Greyhound Track and the 19thcentury remains of the utopian Koreshan community, a state historical site.
With some of the area's trendiest new shops and bistros located in this charming small
town setting, there is a bit of Old and New Florida in Bonita Springs.
Best Beaches nearby Bonita Springs
All of the beaches along the Lee Island Coast get honor-roll grades from families
because of the calm waters, easy access, and gentle slope of the sea's bottom.
FamilyFun magazine's Family-Friendly Travel Awards ranked the Lee Island Coast
beaches "#1 beach in the southeast U.S." Here are the picks for fun and safe family
beaching:
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Commer ci al Real Est at e Advi sor s
Lovers Key State Recreation Area, south of Fort Myers Beach - Located between Fort
Myers Beach and Bonita Beach on SR 865, this is Florida's newest state park. This place is
so romantic; people get married here regularly at a turn-of-the-century-style gazebo built
on the beach a few years ago for that express purpose. Lovers Key is as far from the
crowds as you can get by car. For diversion, rent a kayak and paddle into Estero Bay's
dolphin territory.
Captiva Beach, Captiva Island - When a guy nicknamed Dr. Beach pronounces a beach
"most romantic," can you doubt it? Dr. Stephen "Beach" Leatherman did just that, two
years in a row, when he compiled his annual national beach rating. Captiva Beach gets
smooches from couples for its fabulous sunset view and its far-away ness.
In Bonita Springs, something is always growing, and something is always green.
Hugged by the Gulf and kissed by the climate, Bonita Springs enjoys seasonal shifts
infinitely more gentle than those in northern climes do. Balmy breezes warm Bonita's
winter nights and temper the summer air. Each year, the area receives up to 56 inches of
rainfall. In autumn, rains fade, temperatures dip, and cool winter nights nip the citrus.
Farms swell with vegetables that ripen, and the citrus blooms explode.
Avg. Temperatures (°F) & Rainfall (inches)
Month High Low Rain
Jan
74 53 1.89
Feb
75 53 2.06
Mar
80 58 2.85
Apr
85 62 1.52
May
89 67 4.11
June
90 72 8.72
July
91 74 8.57
Aug
91 74 8.57
Sept
90 74 8.56
Oct
85 68 3.86
Nov
80 60 1.35
Dec
76 54 1.57
x
x
x
x
Avg. annual rainfall: 53.64 inches
Avg. water temps: Annual 77.5°F
Spring/Summer 84.1°F
Fall/Winter 70.8°F
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Commer ci al Real Est at e Advi sor s
Naples MSA-Collier County
Only 11 miles to Naples Central Business District, Bonita Springs is located in Lee County,
at the border of Collier County. As Naples MSA continues to expand north toward Bonita
Springs, Bonita Springs has become the next most promising growth area.
Population
The Naples MSA has been the nation's second fastest growing metro market since 1980.
Population figures from the 2000 Census report Naples MSA's total population at 251,377,
an increase of 65 percent since 1990.
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The pleasant weather and white sandy beaches attract more than 1.3 million visitors a
year to Naples MSA. Many of them eventually relocate their business to the area or return
as permanent or seasonal residents. During the winter season, which traditionally lasts
from November through April, Collier's population rises by an estimated one-third. The
expanding employment opportunities and quality of life continue to attract younger
residents and business owners who find that doing business in Naples is the key to their
success.
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Commer ci al Real Est at e Advi sor s
The number of children under 18 years old living in Naples MSA has grown 63 percent in
the last ten years. More than 75 percent of Naples MSA's total population is younger than
65. In addition, the Hispanic population in Naples MSA increased from 20,734 persons in
1990 to 49,296 in 2000, an increase of 138 percent.
Workforce
Naples MSA's workforce was ranked the sixth fastest growing among Florida's 67 counties
from 1990 to 2000. The workforce in Naples MSA has passed the 100,000 mark, and there
are more than 350,000 workers in all of Southwest Florida to draw upon. Technology
related occupations are three of the ten fastest growing occupations in Southwest
Florida, and include Computer Engineer, Computer Support Specialist, and Systems
Analyst. A recent labor market study conducted by national site selection consultant The
Wadley-Donovan Group, analyzed the present and future state of Naples MSA's labor
force. Significant and ongoing investments are being made in education, training and
technological research to increase the competitiveness in attracting knowledge-based
industries.
Education
Naples MSA business and education leaders understand the important role education,
health and quality of life plays in the economic growth of Southwest Florida. The higher
educational institutions serving Naples MSA include the state's 10th newest university, an
expanded community college, and numerous two and four-year degree universities.
Naples MSA is well educated. Twenty-two percent of Collier's total population has a
college degree or higher, compared to 20 percent for the U.S. and 18 percent for
Florida. In addition, Collier's SAT scores are well above state and national averages. After
graduation from high school, 66 percent of seniors continue their education at a 4-year
or 2-year university.
Income
Naples MSA enjoys the highest median family income in the state of Florida at $65,000. In
addition, the Naples MSA (which includes all of Naples MSA) has the second highest per
capita income in the United States at $42,813, which is 157 percent of the national
average. First on the list is the San Francisco MSA at $45,199. The average annual wage in
Naples MSA has grown 66 percent from 1990 to 2000, compared to 46 percent for Florida
and 52 percent growth for the U.S. Naples MSA's 2000 average annual wage is $29,553
compared to $30,038 for Florida and $35,305 for the U.S.
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Industries
The Naples metropolitan area continues to be strengthened by advances in technology.
As the community continues to grow, so does its economic diversity. The industries of
Aviation, Biomedical, Information Technology and light Manufacturing are some of
Naples MSA's leading growth industries today and are the key targets for expansion and
recruitment efforts. Also included are Corporate Headquarters, Research &
Development, Wholesale Trade and companies that locate in the Enterprise Zones of
Immokalee and Everglades City, which include businesses of any industry. The probusiness environment established through the Public/Private partnership and the
programs and services that have been created to help businesses succeed, have been
integral to Collier's technology growth. In order to facilitate additional growth, the
Economic Development Council of Collier County remains committed to its strategic
plan that is centered on and around targeted clusters that represent the fastest growing
and highest paying industries in the region.
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Commer ci al Real Est at e Advi sor s
Aviation
The Aviation industry in Naples MSA includes aircraft parts and component
manufacturing, aircraft engine repair, airport services, flying instruction and private and
commercial airline service. Three general aviation airports and one regional airport are
important to the attraction of knowledge-intensive businesses, high tech industries and
international trade.
Biomedical
Naples MSA's current market advantage in Biomedical is owed to its diversity - businesses,
hospitals, research and patient populations that cross all sectors of the industry. The
leading biomedical sectors include surgical and medical instruments and supplies,
pharmaceuticals and vitamins, and wholesale distribution of medical equipment.
Information Technology
Smart cards, e-business products and services, software and wireless technology are just
a few of the promising sectors within Naples MSA's fast growing information technology
industry. The number of IT companies in Naples MSA has more than doubled since 1990.
According to Dun & Bradstreet, there are more than 260 tech companies with 220 million
Dollars in sales and more than 1,500 employees.
Infrastructures
Naples MSA has become a winter haven for many corporate executives that fly in and
out of the area for everything from board meetings and conventions to golf weekends
and fishing trips. Naples MSA is unique in having three general aviation airports and one
regional airport, in addition to Southwest Florida International Airport just 20 minutes away
in Fort Myers.
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Arts, Leisure & Entertainment
The Naples area is home to numerous art and cultural opportunities and has become a
national and international destination for arts and entertainment. There are about 40
arts-related organizations and associations in the Naples area and more than 50
commercial and not-for-profit art galleries. In November 2000, the Philharmonic opened
the Naples Art Museum. Already, the museum has acquired a collection of 276
contemporary American paintings and an extensive collection of ancient Chinese art.
The museum building, adjacent to the Naples Philharmonic, is designed to be simple and
elegant, with marbled interiors and a 90-foot glass dome by Dale Chiluly.
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Commer ci al Real Est at e Advi sor s
Glorious Beaches: Naples is a seaside paradise with miles of white sandy beaches along
the Gulf of Mexico. Every beach in Naples has its own unique personality created by the
physical characteristics and the life of the communities next to it. The Naples Pier is a
historical gathering spot for watching the panoramic sunset, Naples is famous for.
Golf: With scores of championship-style golf courses and a host of driving ranges, Collier
has historically enjoyed a reputation as the "Golf Capital of the World". Currently, there
are more than 70 golf courses scattered throughout the county, with others currently
under construction.
Boating & Fishing: The Naples area is a boater's heaven. According to Lifestyles Index,
Southwest Florida is the No. 1 region in the nation for boat sales on a per capita basis. Sail
and power craft of all types and sizes cruise the bays, canals and waterways.
Commercial vessels offer fishing trips, sunset cruises, nature tours, airboat rides, and
canoe adventures.
Shopping: Historic shopping districts, waterfront plazas, exclusive boutiques and exquisite
shopping villages make the experience of shopping in Naples one-of-a-kind. According
to the National Research Bureau, Naples was the most developed market in the nation
for retail shopping space in 1999.
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Staybridge Suites by Holiday Inn, Bonita Springs(Naples)
Description
Total Employees
Total Establishments
2000 Population
2000 Households
Pop Growth 1990-2000
Households Growth 1990-2000
Pop Growth 1990-2000 %
Households Growth 1990-2000 %
2000 Median HH Income
2000 Per Capita Income
2000 Income: 0 - 9,999k
2000 Income: 10k-14999k
2000 Income: 15k-24999k
2000 Income: 25k-34999k
2000 Income: 35k-49999k
2000 Income: 50k-74999k
2000 Income: 75k-99999k
2000 Income: 100k-124999k
2000 Income: 125k-149999k
2000 Income: 150k
1990 Housing Units
1990 Housing Units: Occupied
1990 Housing Units: Vacant
1990 Housing Units: Owner Occupied
1990 Housing Units: Renter Occupied
2000 Population: Male
2000 Population: Female
2000 Age: 0 - 5
2000 Age: 6 - 13
2000 Age: 14 - 17
2000 Age: 18 - 20
2000 Age: 21 - 24
2000 Age: 25 - 29
2000 Age: 30 - 34
2000 Age: 35 - 39
2000 Age: 40 - 44
2000 Age: 45 - 49
2000 Age: 50 - 54
2000 Age: 55 - 59
2000 Age: 60 - 64
2000 Age: 65 - 69
2000 Age: 70 - 74
2000 Age: 75 - 79
2000 Age: 80 - 84
2000 Age: 85 +
2000 Race: White Population
2000 Race: Black Population
2000 Race: Asian/Pacific Islander Population
2000 Race: American Indian/Eskimo/Aleut Population
less than $9,999
$10,000 to $14,999
$15,000 to $24,999
$25,000 to $34,999
$35,000 to $49,999
1-mi.
1,509
376
7,736
3,407
4,089
1,761
112.12%
107.04%
$42,252
$22,630
251
214
493
423
668
622
314
279
35
109
2,410
1,701
709
1,276
425
3,782
3,954
384
516
251
188
245
360
425
505
534
565
656
546
497
518
544
452
309
252
7,599
32
84
21
7.37%
6.28%
14.47%
12.42%
19.61%
3-mi.
8,020
1,835
35,836
15,726
17,235
7,430
92.66%
89.55%
$37,169
$20,738
1,173
1,148
2,728
2,415
2,761
2,552
1,205
705
375
665
13,395
8,327
5,068
6,264
2,063
17,607
18,229
1,972
2,622
1,341
1,021
1,317
1,620
1,799
2,109
2,231
2,158
2,335
2,147
2,131
2,329
2,864
2,515
1,943
1,410
35,327
160
255
94
7.46%
7.30%
17.35%
15.36%
17.56%
5-mi.
12,929
3,002
63,367
26,885
31,671
13,248
99.92%
97.15%
$39,705
$20,723
1,852
1,789
4,396
4,028
4,394
4,562
2,289
1,155
776
1,646
22,873
13,624
9,249
10,310
3,314
31,531
31,836
3,975
5,243
2,571
1,921
2,494
2,968
3,311
3,988
4,212
3,827
4,036
3,736
3,657
4,104
4,735
3,935
2,690
2,001
62,432
405
376
153
6.89%
6.65%
16.35%
14.98%
16.34%
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Commer ci al Real Est at e Advi sor s
R
Staybridge Suites by Holiday Inn, Bonita Springs(Naples)
Description
$50,000 to $74,999
$75,000 to $99,999
$100,000 to $124,999
$125,000 to $149,999
$150,000 or greater
Occupied
Vacant
Owner Occupied
Renter Occupied
Male
Female
Age 0-5
Age 6-13
Age 14-17
Age 18-20
Age 21-24
Age 25-29
Age 30-34
Age 35-39
Age 40-44
Age 45-49
Age 50-54
Age 55-59
Age 60-64
Age 65-69
Age 70-74
Age 75-79
Age 80-84
Age 85 and older
White
Black
Asian
Amer. Indian & Other
1-mi.
18.26%
9.22%
8.19%
1.03%
3.20%
70.58%
29.42%
75.01%
24.99%
48.89%
51.11%
4.96%
6.67%
3.24%
2.43%
3.17%
4.65%
5.49%
6.53%
6.90%
7.30%
8.48%
7.06%
6.42%
6.70%
7.03%
5.84%
3.99%
3.26%
98.23%
.41%
1.09%
.27%
3-mi.
16.23%
7.66%
4.48%
2.38%
4.23%
62.16%
37.84%
75.23%
24.77%
49.13%
50.87%
5.50%
7.32%
3.74%
2.85%
3.68%
4.52%
5.02%
5.89%
6.23%
6.02%
6.52%
5.99%
5.95%
6.50%
7.99%
7.02%
5.42%
3.93%
98.58%
.45%
.71%
.26%
5-mi.
16.97%
8.51%
4.30%
2.89%
6.12%
59.56%
40.44%
75.68%
24.32%
49.76%
50.24%
6.27%
8.27%
4.06%
3.03%
3.94%
4.68%
5.23%
6.29%
6.65%
6.04%
6.37%
5.90%
5.77%
6.48%
7.47%
6.21%
4.25%
3.16%
98.52%
.64%
.59%
.24%
www.svn.com
Commer ci al Real Est at e Advi sor s
R
Exclusive Representatives:
T. C. Chen
Natvar Nana
Senior Advisors
Experienced representation
Sperry Van Ness is leading the way in today's commercial real estate market
Getting results for client's in today's marketplace demands a real estate marketing company that
thinks outside the box. Sperry Van Ness, one of the nation's premier real estate firms, is dedicated to
meeting the challenge. Sperry Van Ness is changing the rules in commercial real estate and growing
at a record pace. With a marketing focus, Sperry Van Ness's brokers and network of cooperating
agents combine to create one of the most powerful marketing forces in commercial real estate.
Sperry Van Ness markets ALL listings to outside brokers and investors as a matter of policy. With Sperry
Van Ness the entire brokerage community is working for you.
www.svn.com
Commer ci al Real Estate Advi sor s
ʄ 17th consecutive year of record-breaking growth
ʄ Sales in excess of $3.2 billion in 2003
ʄ Fastest growing brokerage in the country
87
88
89
90
91
92
93
94
95
96
97
98
99
0
1
2
3
Sperry Van Ness brings its clients unprecedented levels of expertise
Only industry leaders with proven experience are accepted to the Sperry Van Ness team. Agents
must pass rigorous ethics testing and background checks in addition to their extensive experience.
Those joining the firm are proven successful professionals with years of extensive knowledge. Sperry
Van Ness brings its clients unprecedented levels of expertise, with agents that foster the highest level
of integrity. Moreover, the result-the average Sperry Van Ness agent closes twice the volume of
other companies' agents.
Core Covenant Brokerage Team
I agree to lead and live by the following Core Covenant in everything I do with Sperry Van Ness:
ʄ I place my client's interest above my own and proactively cooperate with all Brokers and Agents.
ʄ I show respect and support to all.
ʄ I epitomize the first class reputation and image of Sperry Van Ness.
ʄ I consistently provide superior quality and service to my clients.
ʄ I value the importance of family, mental, spiritual and physical health, and involvement within
my community in the support of a balanced and successful career.
ʄ I am individually responsible for achieving my own potential.
ʄ I honor my commitments.
ʄ I dominate my Market Area and promote my specialty within the Firm.
ʄ My thoughts, actions and energies are focused on the positive and the possible.
ʄ I create amazing benefits for my clients, colleagues, and community.
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dedicated to getting results for you
T. C. Chen
senior adviser
hotel & investment properties
tel: 407-239-7233
cell: 407-948-2532
fax: 407-239-2380
e-mail: [email protected]
11400 Westwood blvd.
Orlando, FL 32821
T. C. possesses over twenty years of
hand-on experience in the hospitality
business.
His experience now allows him to
apply in estimating the market value
of properties as well as identifying key
growth and marketing opportunities.
T. C. knows the Orlando/Central
Florida market well and has been a
resident of Orlando for over 20 years.
He is dedicated to meeting the
challenge and getting the results for
you.
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Commer ci al Real Estate Advi sor s
Natvar Nana
senior adviser
hotel & land properties
tel: 407-876-5549
fax: 407-876-5553
e-mail: [email protected]
5820 Medinah way
Orlando, FL 32819-4411
Natvar
entered
the
real
estate
brokerage industry in 1987 after
managing a luggage manufacturing
company and a chain of luggage and
shoe stores.
His investments in real estate had lead
to construction of tract homes, several
commercial
buildings
and
land
development.
Since 1995, hotel and land brokerage
has been his specialty.
Natvar’s past business experience,
knowledge, circle of contacts in land
developments, hotel, franchise, funding
and associated fields empowers a full
service, stress free experience for his
seller and buyer clients.
Natvar is committed to excellence and
is ranked among the top hotel & land
brokers.
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BROKER DISCLAIMER
CONFIDENTIALITY & CONDITIONS
The material contained in this brochure is confidential, furnished solely for considering
the acquisition of the property described herein and is not to be used for any other
purpose or made available to any other person without the express written consent
of Sperry Van Ness. The material is based, in part, upon information supplied by the
Seller and, in part, upon information obtained by Sperry Van Ness from sources it
deems to be reliable. The Seller has provided Sperry Van Ness with certain data
contained in this brochure; Sperry Van Ness has not independently verified this
information. Summaries contained herein of any legal documents (e.g., leases,
mortgages, reciprocal easement agreements, etc.) are not intended to be
comprehensive statements of the terms of such documents, but rather only outlines
of some of the principal provisions contained herein. No warranty or representation is
made by the Seller, Sperry Van Ness or any of their affiliates or subsidiaries as to the
accuracy or completeness of the information contained herein. Prospective
purchasers should make their own investigation, projection and conclusions without
reliance upon the material contained herein. The material herein is subject to
change. The Broker is not responsible for misstatements of facts, errors or omissions.
Without limiting the foregoing, information contained in this confidential
memorandum may vary from the date of publishing. In some instances, more
complete or up-to-date information may have become available following the
printing of the memorandum. All sizes and square footage set forth herein are
approximations only, based on information heretofore available. Actual sizes and
square footage may vary. The property is being sold on an “as-is, where-is” and “with
all faults’ as of the date of closing.
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Commer ci al Real Estate Advi sor s
Sperry Van Ness is acting as transaction broker for the Seller and Buyer. Seller shall
pay brokerage commission as per commission agreement to Sperry Van Ness.
If you do not wish to pursue negotiations leading to this acquisition, or if in the future
you discontinue such negotiations, you agree to return this confidential
memorandum to Sperry Van Ness.
The seller expressly reserves the right, at it sole discretion, to reject any or all proposals
or expressions of interest in the property and to terminate discussions with any party
at any time with or without notice.
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