property summary - Gentry Mills Capital

Transcription

PROPERTY SUMMARY
The Aloft Hotel – Broomfield, Colorado
GMI – Broomfield 139, LP
TABLE OF CONTENTS
TABLE OF CONTENTS
SECTION I
EXECUTIVE SUMMARY
•
SECTION II
Overview
1
PROPERTY AND MARKET INFORMATION
Property
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•
Aloft Broomfield Denver
Map
3
4
Market
•
•
•
•
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SECTION III
6
Denver Metro Overview
Competitive Set
6
8
12
Aimbridge Hospitality
15
5 Year Proforma
19
SPONSOR
•
www.gentrymillscapital.com
Interlocken Business Park
Arista Mixed Use Development
FINANCIAL INFORMATION
•
SECTION V
5
HOTEL MANAGEMENT
•
SECTION IV
Broomfield, CO
About Gentry Mills Capital
21
EXECUTIVE SUMMARY
Overview
ABOUT THE HOTEL
The 139-room Aloft Hotel is situated just off of U.S. 36 within the 200-acre Arista mixed-use development, approximately 15
miles north of Downtown Denver and 13 miles from Boulder, CO. This strategic location places the Hotel proximate to many
demand generators including numerous major corporations within Westmoor Technology Park and Interlocken Business
Park. The Hotel’s positioning provides convenient access to Denver’s countless attractions as well as Boulder’s 30,000-student
University of Colorado. The Property’s loft-inspired rooms and suites have many attractive features including 9-foot ceilings,
large open windows and 42” flat-panel televisions. Aloft is a growing premium brand offering a modern, energetic alternative
to traditional select-service hotels. Bolstered by Starwood’s reservation system and loyalty program, the Aloft brand, which
opened its first hotel in 2008, has grown to 75 hotels representing 12,500 rooms.
About The Aloft Hotel Brand
Aloft Hotels is a brand of hotels based in North America and conceived in 2005 by Starwood Hotels, its parent company. The
first hotel opened in Trudeau International Airport in Montreal in 2008. Aloft Hotels have since opened across North America
and Internationally and are located in city centers or in close proximity to airports. The brand is most notable for its modern
architecture design style, with unique technical aspects and an atmosphere that encourages socialization.
About Starwood Hotels and Resorts Worldwide
Starwood Hotels and Resorts Worldwide, Inc. is an American hotel and leisure company headquartered in Stamford
Connecticut. One of the world’s largest hotel companies, it owns, operates, franchises and manages hotels, resorts, spas,
residences, and vacation ownership properties under its nine owned brands. As of December 2012, Starwood Hotels and
Resorts Worldwide, Inc. owned, managed, or franchised 1,162 properties employing over 171,000 people of whom
approximately 26% were employed in the United States. Starwood brands include: Westin Hotels, Sheraton Hotels and
Resorts, Four Points by Sheraton, The Luxury Collection, W Hotels, St. Regis, Le Meridian, aloft, a Vision of W Hotels and
Element by Westin.
1
EXECUTIVE SUMMARY
Overview Continued
About Broomfield, Colorado
The city and County of Broomfield is a suburb of the Denver metropolitan area in the State of Colorado. As of April 1,
2010, the US Census Bureau records show Broomfield had a population of 55,889 (an increase of 46% from the 2000
census) and is the 16th most populous city and the 13th most populous county in Colorado. Broomfield is part of the
Denver-Aurora-Lakewood, CO Metropolitan Statistical Area (MSA). As of July 2012, the US Census Bureau estimates
that the population of the Denver-Aurora-Lakewood MSA was 2,645,209 ranking it the 21st most populous MSA of
the United States.
About the Management Company
Aimbridge Hospitality is one of the nation’s leading independent hotel investment and management firms, currently
operating over 185 Hotels (25,000+ rooms) across 29 states and the Caribbean totaling more than $650 million in
annual revenue. The company has over 30 years of experience operating hotels and resorts.
2
Property and Market Information
The Aloft Broomfield Denver is located at 8300 Arista Place, Broomfield, CO 80021. The Hotel is situated just off U.S. 36
(Denver-Boulder Turnpike) in between the intersections of Uptown Avenue and S.H. 121, approximately 25 minutes
northwest of Downtown Denver. Its location equidistant from Denver and Boulder affords the Hotel with a number of
amenities and close proximity to a major employment hub for some of the leading technology companies in the world,
including Oracle, Level 3 Communications, IBM, Seagate, Amgen, and Ball Corporation.
The 5-story hotel contains 139 rooms and was built in 2009 on 2.74 acres of land. There is 3,485 sq. ft. of meeting space
available throughout three versatile spaces (includes two breakout spaces for the 3,125-sq. ft. Arista Ballroom). The Hotel
also has two food & beverage outlets: 1) re:fuel by Aloft, a 24/7 grab-and-go snack shop and 2) w xyz bar, lively lobby bar
which also serves food.
Services and Amenities
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Splash indoor, saline swimming pool
Lounge featuring complimentary high-speed Internet
Fitness center with 24/7 access
Camp Aloft for Kids program for children under 12 featuring pint-size perks including special bedding, fun food favorites
and other treats.
In-touch business terminals available 24/7
Complimentary high-speed Wi-Fi access throughout Hotel
Complimentary shuttle within a five-mile radius
Room Amenity Summary
•
•
•
•
•
•
•
•
•
•
9-foot ceilings and extra-large windows
In-room safe
42-inch LCD flat-panel television with cable programming
Dual-line telephone
Mini-refrigerator
Complimentary coffee, tea and bottled water
Workspace with ergonomic desk chair
Walk-in shower with oversized showerhead
“Tried and Blue” by Bliss Spa Bath Amenities
In-shower amenities dispenser
3
Aloft Broomfield
Denver
4
BROOMFIELD, COLORADO
The City of Broomfield is centrally located between
Denver and Boulder, two of the largest metropolitan
areas in Colorado. Impeccable access with continued
improvements to the U.S. 36 corridor gives this area a
strategic advantage and allows Broomfield to be an
attractive location for a diverse range of companies.
The Broomfield area has experienced rapid growth in
recent years, stimulated by the increase in tech-based
companies to the area. Colorado fosters a strong livework-play philosophy, and the local population is
fueled by outdoor activities, social attractions and
other local amenities enjoyed by Rocky Mountain
lifestyle enthusiasts.
Colorado’s emerging “Silicon Valley,” the corridor
which runs along U.S. 36, is one of the strongest
technology clusters in the Western United States with
approximately 66% of its employers engaged in
communications or technology. More than 700 firms
employ more than 30,000 employees in high-tech
research, manufacturing and information technology
services in Denver’s Northwest. The northwest
quadrant of the Denver Metropolitan Area, including
Broomfield, has been the hub of high-tech
employment in the Denver area for the last 30 years
and is home to some of the leading companies in the
world including IBM, Level 3 Communications, Oracle
and Ball Corporation. Like Silicon Valley, which enjoys
proximity to Stanford University, Santa Clara
University and University of California, Berkeley,
Northwest Denver has phenomenal access to
intellectual capital from such institutions as the
University of Colorado Boulder and the University of
Denver, providing the employment base for these
firms. Over 35% of the Denver metro’s population has
completed at least four years of college, and in the
northwest quadrant of the metropolitan area,
including Broomfield and Boulder Counties, that
number is approximately 50% – one of the highest
levels of educational achievement in the country. This
area has experienced rapid growth in recent years
and has benefited from the completion of a vast array
of mixed-use projects including entertainment venues
such as the 1stBANK Center (a 6,500-seat multi-use
arena that opened in 2010), restaurants, residential
projects and retail developments including FlatIron
Crossing Mall — a neighboring 1.5-million-squarefoot regional shopping center.
FlatIron Crossing Mall
5
Arista Mixed-Use Development
The Aloft sits within Broomfield’s 200-acre Arista
master-plan transit-oriented development, just a
few blocks from the previously mentioned 6,500seat 1stBANK Center entertainment venue. This
multi-use arena is the premiere mid-sized event
venue in the Denver area and hosts a number of
major concerts, sports events and family shows
each year. The Arista development has gained
much traction over the last few years since the
economic downturn with Children’s Hospital
Colorado opening a center, Mrs. Field Famous
Brands relocating its headquarters to one of
Arista’s office buildings, and KB Homes building a
new community of energy-efficient homes. In
addition to the Aloft and 1stBANK Center, these
new projects joined many existing apartments and
office
tenants,
restaurants,
shops
and
neighborhood parks.
INTERLOCKEN BUSINESS PARK
Interlocken, a 970-acre business park located
approximately two miles northwest of the Aloft, is
positioned at the midpoint of the Denver/BoulderCorridor, a section of Northwest Denver
characterized by a concentration of high-tech
corporations, institutions of higher education,
research and development laboratories, and some of
Colorado’s largest and most prestigious employers.
The Interlocken Business Park contains approximately
3.7 million square feet of office and industrial space,
with an estimated 11,700 employees. Interlocken has
attracted many high-tech and prominent firms
including Brocade, Pentax Technologies, Corporate
Express, Oracle/Sun Microsystems, Level 3, Hunter
Douglas, ConocoPhillips, McKesson Health Solutions,
Clifton Gunderson, Geneva Pharmaceuticals, AT&T,
and Ball Corporation. Recently, many additional hightech firms have either moved or expanded into the
area:
•
•
•
•
Vmware, a Palo Alto, CA-based software company expanded its presence in Broomfield with the lease of 50,000 SF in Interlocken,
bringing an estimated 300 new jobs to the site.
Webroot’s corporate headquarters moved into 105,000 SF in Interlocken, committing up to 400 employees in Broomfield in the next
few years.
ybase, a computer company focused on cloud computing, consolidated its employees into 28,095 SF at Central Park Tower in
Interlocken.
Gogo, a provider of in-flight communications systems for business aircrafts, executed a lease for an additional 15,049 SF in
Interlocken.
6
7
DENVER METRO OVERVIEW
The greater Denver metropolitan area’s population of 2.95
million people places it among the top 20 MSAs in the U.S.
and its growth rate has exceeded the national rate in every
decade over the past 80 years. By 2042, estimates project a
population of more than 4.6 million representing a net
growth of more than 1.5% per year and 56.9% overall.
Over the past five years, Metro Denver had the 5th strongest
population growth among the top-20 metropolitan areas
nationally, and today has a comparable profile to Seattle.
Located within a few hours of world-class skiing, Denver
draws international interest as a resort destination.
Enjoying a year-round moderate climate and colorful
changes of season, the Denver area is consistently ranked
as one of the country’s “Best Places to Live.” Surrounded by
plains on three sides and awe inspiring views of the Rocky
Mountains on the western horizon, Denver has a unique
feel for such a bustling urban area.
Denver Skyline
Denver’s strong transport outlets and strategic location have allowed it to become a hub for international trade and diplomatic
activity. The metro is host to nearly 40 foreign consulate offices, providing Denver businesses with a point of contact to
potential foreign markets and partnerships. The city has also made concerted efforts to build relationships with foreign cities
and countries, take part in international trade missions, and host foreign trade delegations in order to build exposure and open
markets for Denver business globally.
These efforts have paid dividends with state-level data showing that Colorado exports increased 11.3% in 2012 to $8.16 billion,
up from $7.33 billion in 2011. Colorado’s top-five exports in 2012 included computers and electronic products ($449 million),
beef ($440 million), medical instruments ($386 million), engines and motors ($359 million), and orthopedic and hearing
devices ($274 million).
DIVERSE ECONOMY & DESIRABLE BUSINESS ENVIRONMENT
Denver’s economy is one of the most diversified in the nation. With two-thirds of the region’s population originally from out of
state, Denver’s business community is reliant on embracing new people and ideas, opening doors to potential business and
social networking opportunities for newcomers. As a result, business leaders feel that the region fosters a culture in which
industry sectors are easily crossed and regional collaboration is readily sparked and sustained. Over the past two decades,
Denver’s leaders created the structural foundation that will allow Denver to progress as a primary market. The city has
constructed the largest (and 5th busiest) airport in the United States, rolled out the nation’s largest single transit system
including the build-out of the multi-modal Union Station, expanded its Convention Center, created new professional sports
facilities and has the second largest performing arts center in the U.S. next to Ney York’s Lincoln Center. In 2012, Forbes
ranked Denver 5th in the “Best Places for Business and Careers” while CNBC ranked Colorado 8th among “America’s Top States
for Business.”
POST-RECESSION JOB RECOVERY
Denver is one of only six cities to have added back more jobs in the recovery than were lost in the recession. Like many cities
and economies nationwide, Denver’s economy fell into recession in late 2008. Despite a 4.4% job loss between 2008 and
2009, the region’s unemployment rate remained considerably below the national average. The state’s top-10 rankings
included college-level educational attainment, high-tech employment, venture capital and initial public offerings, and
numerous measures of business costs and general economic strength. Denver’s appealing quality of life, federal and city
government support, strategic partnerships, smart workforce, and positive growth have all contributed to the city’s business
success and bright future.
8
Denver’s Primary Industries
Metro Denver offers a diversified economy of viable industries and the nation’s second-most educated workforce. The following
list of primary industries is sorted according to the number employed.
Healthcare & Wellness – With nearly 176,500 healthcare and wellness workers at over 18,200 companies, the industry is one
of the fastest growing in the metro, recording 3.1% job growth in 2012, compared to 1.8% growth nationally. With a $7.5 billion
annual payroll, the healthcare & wellness industry has a significant economic impact in Denver.
Financial Services – The region is one of the few areas outside of the Northeast with a substantial financial services industry in
three key market segments. The region ranks 9th among the 50 largest metro areas in 2012 for employment concentration in
banking and finance, 9th in investments, and 29th in insurance. The financial services industry includes more than 13,000
companies and 87,750 employees.
Energy – The nine-county Metro Denver and Northern Colorado region ranked 4th for fossil fuel energy employment and 7th
among the nation’s 50 largest metros for clean-tech employment concentration in 2012. Overall, the energy industry cluster
employs 44,900 people in the area. As a state, Colorado ranked 5th in the country for clean-tech employment and 10th in fossil
fuel energy jobs.
Information Technology/Software – The information technology/software industry employs roughly 43,200 people and
includes software publishers, custom computer programming, data processing/hosting, Internet service providers, and
computer systems design. Colorado has the 3rd-highest concentration of high-tech workers in the country, according to the
“Cyberstates 2011” report by TechAmerica.
Broadcasting & Telecommunications – Denver's Mountain time zone location allows efficient communication with both U.S.
coasts as well as Europe, South America and Asia in the same business day. With 39,620 broadcasting and telecommunications
workers, Denver had the 6th-highest total employment in 2012 out of the 50 largest metropolitan areas.
Aerospace – Metro Denver is first among the 50 largest metros for total private aerospace workers with 19,600 people
employed at aerospace companies. Colorado has the nation’s 2nd-largest aerospace economy and is home to four military
commands, eight major space contractors, and more than 400 aerospace companies and suppliers.
Aviation – Denver International Airport and three reliever airports create a solid foundation for 15,910 workers directly
employed by aviation companies. The Metro Denver region ranked 14th among the nation’s 50 largest metro areas for aviation
employment concentration in 2012.
Bioscience – With nearly 15,000 bioscience workers at 600 companies, the nine-county region has a significant foundation on
which to build and expand the bioscience industry. The region ranked 9th among the top 50 metro areas for 2012 employment
concentration in medical devices and 23rd for pharmaceuticals and biotechnology employment. Supporting the region’s
bioscience industry are 10 local higher education institutions with bioscience programs and numerous bioscience research
assets.
Denver Skyline
9
DENVER INTERNATIONAL AIRPORT (DIA)
DIA is one of the world’s most modern, efficient and environmentally
sustainable airports. It is located approximately 30 minutes from the Property
and is the 10th busiest airport in the world with 17 commercial carriers
providing nonstop service to more than 170 domestic and international
destinations. Situated on 53 square miles, DIA has four north-south runways and
two east-west runways. It has non-stop service to more than 120 cities,
including London and Frankfurt. The airport has dedicated cargo carriers
(FedEx, UPS, DHL) and Integrated Airline Services. In the absence of operational
curfews, DIA’s efficient airfield and its 39-acre cargo ramp make freight handling
easy. The US Postal Service and United Airlines’ cargo facility is also nearby.
WorldPort at DIA consists of two 50,000-square-foot buildings offering space for
freight forwarders, customs brokers, and other businesses that contribute to an
efficient air cargo operation in Denver. A portion of this area is a Foreign Trade
Zone. Within 20 miles of the airport are 50 freight forwarders and customs
brokers.
Denver International Airport
ROCKY MOUNTAIN METROPOLITAN AIRPORT
Rocky Mountain Metropolitan Airport (RMMA) is owned and operated by
Jefferson County. The three-runway airport serves mainly corporate users, and
two flight schools located on the grounds. Designed as a relief airport for Denver
International, RMMA has two restaurants on the airfield, as well as refueling and
mechanic services, and hangar spaces to better serve the corporate charter jets
the metro airport targets. RMMA is located a short 1.5 miles from the Aloft
Broomfield.
Rocky Mountain Metropolitan Airport
120TH AVENUE CONNECTION
The Property will benefit from the increased access via the S.H. 128 and 120th Avenue direct connection. In September of 2010, a
bridge from S.H. 128 over U.S. 36 was completed. The 120th Avenue Connection will alleviate congestion along area roadways,
including the U.S. 287 (Wadsworth Parkway)/ U.S. 36 (Denver-Boulder Turnpike) Interchange. Design and right of way acquisition
are underway for the final phase of the project connecting S.H. 128 and 120th Avenue.
FASTRACKS SERVICE
The addition of express lanes on U.S. 36 has allowed further infrastructure advancements for public transportation. The Regional
Transportation District, in conjunction with the Colorado Department of Transportation introduced a new project that will bring 18
miles of Rapid Bus Transit service between Denver and Boulder. The construction of new slip-ramps and Park & Ride Centers will
allow commuters a more eco-friendly and cost effective option to travel between Denver and Boulder. Broomfield’s Park & Ride
Station, located across the street from the Aloft, is slated for capital upgrades and improvements under the BRT project.
U.S. 36 CORRIDOR PROJECT
In September of 2011, a $54-million Transportation Infrastructure
Finance and Innovation Act loan was signed allowing the Colorado
Department of Transportation to move forward with the build-out
of the U.S. 36 Bikeway, Bus Rapid Transit (BRT) service, and a new
managed lane in each direction from Pecos Boulevard to Interlocken
Loop and U.S. 36. Construction is expected to be completed by mid2015.
10
DENVER NORTHWEST SUBMARKET
The Denver metro area is home to over
50,000 workers in the high-tech space,
with most of them concentrated in
Denver’s Northwest submarket. According
to PricewaterhouseCoopers, Denver is one
of 12 “core” technology markets in the
United States. Like Silicon Valley, which
enjoys proximity to stellar universities,
Northwest Denver has phenomenal access
to intellectual capital. This is a result of
the presence of several highly acclaimed
universities, such as University of
Colorado Boulder and the University of
Denver. Over 35% of the Denver
Metropolitan area’s population has
completed at least four years of college. In
the Northwest submarket, including
Broomfield and Boulder Counties, that
number is approximately 50%, one of the
highest levels of educational achievement
in the country.
Few markets nationally have the mix of
capital, universities, talented labor pool
and appealing lifestyle needed to rival
Silicon
Valley.
However,
Denver’s
Northwest corridor has been successfully
luring established tech firms and young
entrepreneurs, as well as precious venture
capital investments from all over the
country to a Rocky Mountain community
offering a wide range of recreational
opportunities making for a desirable
quality of life. Of the 25 largest technology
firms by occupancy in the Denver metro,
21 of them are located in the Northwest
submarket.
The companies corresponding to the map
on the right are listed below in
alphabetical order:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Accurence
Active Network
Agilent Technologies
CIBER, Inc.
DataLogix
Epsilon/Abacus
Google
IBM
LeftHand Networks (division of HP)
LGS Innovations
LogRhythm
LSI ESG
Oracle
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
Presilient, LLC
Quantum Corporation
Rally Software
RogueWave Software
Seagate Technology
Spectra Logic
Tandberg Data
Wall Street on Demand
Webroot Software
Westcon Group
Western Digital
Xilinx
University of Colorado - Boulder
11
Competitive Set
2/3
5
4/6
1
1
2
3
4
5
6
Property
DoubleTree Denver North
Hampton Inn Boulder Louisville
Courtyard Boulder Louisville
La Quinta Inns & Suites Westminster Promenade
TownePlace Suites Boulder Broomfield
SpringHill Suites Denver North Westminster
Averages/Total
Distance
5.2 miles
6.6 miles
6.6 miles
2.5 miles
3.5 miles
2.4 miles
4.5 miles
Rooms
180
80
154
59
150
164
787
Year Built
1985
1996
1996
1998
2000
2002
1996
N/A
139
2009
12
DoubleTree
Denver North
Hampton Inn
Boulder Louisville
Courtyard
Boulder Louisville
8773 Yates Drive
Westminster, CO 80031
912 W. Dillion Road
Louisville, CO 80027
948 W. Dillion Road
Louisville, CO 80027
Year Built
1985
1996
1996
Rooms
180
80
154
9,200 SF
N/A
1,500 SF
Indoor Pool & Whirlpool
Fitness Center
Business Center
Lafittes Lounge Restaurant & Bar
Fitness Center
Business Center
Complimentary Hot Breakfast
Fitness Center
Business Center
The Bistro Restaurant
5.2 miles
6.6 miles
6.6 miles
Address
Total Meeting Space
Amenities
Approximate Driving
Distance from Subject
13
Address
Year Built
Rooms
Total Meeting Space
Amenities
Approximate Driving
Distance from Subject
La Quinta Inns & Suites
Westminster Promenade
TownePlace Suites
Boulder Broomfield
SpringHill Suites
Denver North Westminster
10179 Church Ranch Way
480 Flatiron Boulevard
Broomfield, CO 80021
6845 W. 103rd Avenue
1998
2000
2002
59
150
164
630 SF
N/A
1,144 SF
Fitness Center
Business Center
Complimentary Breakfast
Outdoor Pool
Fitness Center
Business Center
Complimentary Breakfast
Fitness Center
Business Center
Complimentary Hot Breakfast
2.5 miles
3.5 miles
2.4 miles
14
HOTEL MANAGEMENT COMPANY
Aimbridge Hospitality
The Executive Team at Aimbridge is comprised of veteran hoteliers with experience delivery results not only in good times but
also through challenging down cycles. Averaging over 30 years of hospitality experience each the senior executives focus on
maximizing returns to partners by utilizing a unique blend of experience, resources, and relationships. The Senior
Management Team has been charged with brand development, brand growth, difficult asset turnarounds and assimilations of
hotels of all sizes and facilities into a specific culture. Aimbridge has managed 1,600 room hotels to 70 room hotels across the
nation and throughout the Caribbean.
A8imbridge’s background affords excellent relationships with all the major hotel brands and they are one of the few
independent management companies to be recognized as a Preferred Operator for all the leading brands in the industry.
Aimbridge has the infrastructure required to support hotels through a variety of accounting and reporting functions and each
of their hotels is supported by an experienced team of specialists that provide full-time support in rooms, food & beverage,
catering, technology, business systems applications and human resources maximizing the contribution of each area to the
bottom line.
Les Bentley - Chairman
Mr. Bentley has over 35 years of experience in the hotel industry. He has proven expertise in
leading successful executive teams, negotiating and supervising management/consulting contracts
and delivering expected profits to the bottom line.
Before founding Aimbridge Hospitality, he was President of Wyndham Hotels and Resorts. He led
the brand and operations of all Wyndham divisions including Wyndham Hotels, Wyndham Resorts,
Wyndham Grand Heritage Hotels and Wyndham Garden Hotels which encompassed over 200
properties with 45,000 rooms and more than 25,000 employees. Bentley has long been
synonymous with Wyndham and helped guide the brand’s growth from just a handful of hotels into
one of the nation’s leading upscale hotel and resort brands.
Prior to joining Wyndham Hotels and Resorts, Bentley spent eight years with Marriott Hotels in Chicago, Austin, and Denver. In
1985 his career led him to Wyndham where he served as Vice President of Operations. In 1989, Bentley became Partner in the
Wyndham Hotel Management Company, only to move up again in 1990 as President of the Wyndham Garden Hotel division. In
1997, he was named the Chief Operating Officer for Wyndham Hotels and Resorts, where he was responsible for all hotels
operating under the Wyndham brand.
Mr. Bentley has a B.S. degree in Hotel and Restaurant Management from Penn St. University. Bentley serves on the Hilton
Owners Council for the Embassy Suites Brand Advisory Board.
Davie Johnson – President & CEO
Dave Johnson oversees the management of Aimbridge’s entire portfolio consisting of over 185
hotels and over $650 million in annual revenue. Through his dedication and leadership,
Aimbridge is already being recognized as one of the fastest growing hotel management
companies in the United States. Aimbridge Hospitality’s portfolio includes assets under
ownership and management from Marriott, Hilton, Starwood and Hyatt Hotels
Prior to joining Aimbridge, he spent 17 years at Wyndham International helping them grow from
10 hotels to over 200 at the time of his departure. While at Wyndham, Johnson served in various
capacities including Executive Vice President/Chief Marketing Officer and President of Wyndham
Hotels, overseeing approximately 15,000 employees and responsible for approximately 1.5 billion
dollars in annual revenue.
15
HOTEL MANAGEMENT COMPANY CONTINUED
Mr. Johnson received his bachelor’s degree from Northeastern Illinois University in Business Economics, graduating with
highest honors. Mr. Johnson currently serves on several Boards of Directors including: The Juvenile Diabetes Research
Foundation International, Meeting Professionals International, and Active International, and was recently on the Board of
Directors for Gaylord Entertainment (GET-NYSE). Johnson serves on the Hilton Owners Council, is Chairman of the
Doubletree Brand Advisory Board and was most recently named to Starwood’s Real Estate Development Advisory Board. In
2003, he was named as one of the 25 Most Extraordinary Minds in Hospitality Sales & Marketing by HSMAI.
Judy Hendrick – Chief Financial Officer
Judy Hendrick joined Aimbridge in 2008 and has 22 years of hospitality experience. She is
responsible for the company's debt and equity capital sourcing and structuring for
acquisitions, development and redevelopment of hotels, and management of the financial,
cash management and real estate aspects of all properties and partnerships. Ms. Hendrick
plays a key role in guiding Aimbridge's investment and business development strategies.
Prior to joining Aimbridge, Ms. Hendrick served in several senior management positions with
Wyndham International during her successful 16-year tenure, including Executive Vice
President and Chief Investment Officer and Senior Vice President of Finance and Treasurer.
Her 28 years of experience in finance and real estate also include positions with major financial institutions such as Chase
Manhattan, Canadian Imperial Bank of Commerce and First Republic Bank. She has provided financial advisory services to
select corporate clients, including commercial portfolio management for major public real estate investment trusts.
Ms. Hendrick holds a B.S. degree from Kansas State University and an M.B.A. in Finance from the University of Texas at
Dallas. She currently serves on several Boards including: The Leadership Exchange (New York); and Dallas Chamber of
Commerce Executive Women's Roundtable.
Robert Burg – Chief Operating Officer
Robert Burg has been with Aimbridge since 2003 and has 25 years of experience in the
hospitality industry. Burg is responsible for the overall operations, performance, owner
relations and capital planning for all of the properties in the Aimbridge portfolio. In
addition, he oversees the relationship and implementation of over 32 different national hotel
brands. His extensive experience and industry knowledge provide the foundation for the
company’s core strength of producing superior results at top and bottom line.
Prior to joining Aimbridge, Burg was most recently the Senior Vice President of Operations
for Wyndham Hotels and Resorts. While at Wyndham, Burg’s operational experience
included luxury, full service, select service and extended stay.
Burg was also the Sr. Vice President for the Summerfield Suites brand. He led the entire chain of the Summerfield Suites
brand in operations, development, and revenue for the upscale, extended-stay product. Among many of his accomplishments
during his tenure, he created and implemented specific sales strategies that enabled the portfolio to increase market share
and revenues.
Mr. Burg has a degree in Culinary Arts from the Culinary Institute of America. He currently serves on Hilton’s Operations
Advisory Board for Embassy Suites and Starwood’s Owner Advisory Boards for Sheraton Hotels and Aloft and Element
Hotels. Burg is also on the Board of Directors for the Juvenile Diabetes Research Foundation.
16
HOTEL MANAGEMENT COMPANY CONTINUED
MISSION STATEMENT
Quality, Integrity, Financial Responsibility
Quick Facts
• Aimbridge operates 185 properties
across 25 flags and 8 brands in 29 states
and the Caribbean
• Largest independent manager of
Starwood's aloft Hotels
• Largest independent manager of
Baymont Inns
• Largest independent manager of Quality
Inn Hotels
• Second largest independent manager of
Hyatt full service hotels
Each of these core values, which are responsible for the success of
our organization, is important in its own right but none of them can
stand on their own individually. The basis for any decision must
include consideration for each. By acting with the highest ethics and
integrity, the Aimbridge Team is able to balance the guest
experience with associate engagement and satisfaction and in the
process produce superior investor returns.
Full-Service and Select-Service Management
• Second largest independent manager of
Doubletree Hotels
• Fourth largest independent manager of
Embassy Suites Hotels
• Named one of the Top 100 fastest
growing companies in Dallas by SMU Cox
Caruth Institute for Entrepreneurship
As one of the nation’s leading independent hotel investment and management firms, Aimbridge Hospitality is and will forever
be a “high touch” organization. From the principals to the front line associates, the Aimbridge team is engaged in guest, partner
(both investment and brand) and associate satisfaction. We strive to balance the guest experience with strong operating
margins thus producing superior investor returns. Due to our Senior Executives’ experience at Wyndham of both being a brand
and an owner, we operate each hotel from an ownership perspective, meaning all disciplines are focused on achieving results.
Aimbridge’s success starts with a clear understanding and detailed knowledge of each brand’s operational and quality
standards. We then uphold or exceed those standards with lasting consistency. Regardless of location, brand, or hotel segment,
Aimbridge supplies hotel management services that exceed not only brand and owner expectations, but industry benchmarks
as well.
Aimbridge Hospitality offers hotel management, resort/luxury, acquisition
receivership/interim management, asset management and consulting services.
&
development,
capital
oversight,
Visit the Aimbridge Hospitality website, www.aimbridgehospitality.com, for more
information including the numerous awards earned and press releases.
17
Below is a s ample of the properties Aimbridge Hospitality currently manages.
Aloft Hotel
Element
Holiday Inn
Best Western
Embassy Suites
Doubletree
Hilton
Marriott
18
SPONSOR
About Gentry Mills Capital
Gentry Mills Capital, LLC is a real estate investment firm whose purpose is to seek out, package and provide quality commercial
real estate investment opportunities to investors represented by investment professionals in the financial services industry.
Gentry Mills Capital, LLC, previously known as Gentry Mills Consulting, LLC, was originally formed in 1997. Gentry Mills
Consulting, LLC was formed and operated as a consulting entity and as the owner and manager of commercial real estate
investments.
In June of 2006 the name of the firm was changed to Gentry Mills Capital, LLC. The purpose of the name change was to broaden
the original intent of the firm to allow it to become the sponsor of a series of securities offerings involved in the ownership and or
financing of commercial real estate. Gentry Mills Capital offerings will be sold through FINRA registered Broker Dealer firms.
Team Members
Gentry Mills Capital is very proud of the talented team of real estate professionals it has been able to assemble. GMC team
members have total team experience that extends beyond 95 years.
William P. “Billy” Glass, Managing Partner
Mr. Glass has been involved in the Commercial Real Estate business for more than 30 years. Mr. Glass
began his career with Hank Dickerson & Company, a Dallas based commercial real estate brokerage
and development company, where he received extensive training in all facets of the commercial real
estate industry and quickly became one of the firm’s sales leaders. It was while working at Hank
Dickerson & Company that Mr. Glass was first exposed to the utilization and structure of Real Estate
Partnerships.
In the fall of 1983, Mr. Glass started his own commercial real estate company, raising capital for
income-producing, commercial real estate projects as well as land development. He completed 60 real
estate related joint ventures and raised in excess of $30,000,000 before selling the firm in 1989 to a
publicly traded company based in Atlanta, Georgia.
In 1990, Mr. Glass began working as an external wholesaler and consultant, raising equity and debt capital for business
enterprises and commercial real estate developments located throughout the United States. Between 1990 and 2006 Mr. Glass
raised in excess of $250,000,000 through the broker dealer community via Regulation D, Private Placement Offerings.
In 2006, Gentry Mills Consulting, LLC, originally formed in 1997, was renamed Gentry Mills Capital, LLC. Gentry Mills Capital is
a real estate investment firm whose purpose is to seek out, package and provide quality commercial real estate investment
opportunities to investors represented by investment professionals in the financial services industry.
Mr. Glass serves on the Board of Directors for Special Olympics of Texas as well as Champions for Life Prison Ministries. Mr.
Glass attended Baylor University and is a licensed Real Estate Broker. Mr. Glass resides in Southlake, Texas with his wife Laura.
They have three grown children.
Robert S. “Scott” Palmer, Partner
Mr. Palmer began his career as a real estate salesman for Hank Dickerson and Company for eight years then spent another ten
years as Mr. Dickerson’s partner in an entity focusing on opportunistic real estate investments until Mr. Dickerson’s death in
1996. Mr. Palmer then spent the next nine years at Macfarlan Real Estate Services specializing in opportunistic acquisitions
while also serving on Macfarlan’s Investment Committee. Mr. Palmer left Macfarlan in July 2006 to form Gentry Mills Capital
with Mr. Glass, where his focus is creating value through the innovative structure of real estate acquisitions and dispositions.
Mr. Palmer attended the University of Texas and is a Dallas native where he lives with his wife and two daughters.
17
SPONSOR
Rebecca L. “Becky” Welch, Sr. Vice President
Ms. Welch entered the commercial real estate industry in 1983 with the Henry S. Miller Company.
In 1993, she began her career in the securities industry as the Investor Relations Manager at
Sovereign Credit Corporation. Ms. Welch managed the “back-office” procedures of the Investor
Relations Department (investor database, correspondence, reporting, distributions, customer
service and sales assistance.)
In 2003 Ms. Welch joined Macfarlan Real Estate Services ( now Macfarlan Capital Group) as Investor
Relations Sales Manager where she managed the “back office” procedures of the Investor Relations
Department and provided sales assistance to financial advisors and customer service to their clients.
Ms. Welch also coordinated and managed all 1031 exchange closings.
In 2006 Ms. Welch left MacFarlan Real Estate Services when Mr. William Glass formed Gentry Mills Capital, LLC. Ms. Welch
joined Gentry Mills Capital as Sr. Vice President and has 30 years of experience in the commercial real estate industry and 20
years experience working with Red D offerings (Alternative Investments) in the securities industry. Ms. Welch currently
assists the Managing Partner, William Glass, in money-raising activities through the broker dealer community via Reg D,
Private Placement offerings sponsored by Gentry Mills Capital. Ms. Welch also manages the due diligence process for each
investment offering as well as the development of marketing material to communicate effectively with advisors within the
broker dealer community when bringing new investment products to market.
Terry C. “Chris” Reeves, Investor Relations Associate
Mr. Reeves joined Gentry Mills Capital as the Investor Relations Associate in July of 2012. Mr. Reeves spent 13 years working
for Ben E. Keith Company, the 9th largest broad line foodservice distributor and 4th largest beverage distributor in the nation.
During his tenure with Ben E. Keith, Mr. Reeves served as a National Salesman and Special Events Manager where building
relationships and customer service were of the upmost importance. Mr. Reeves manages all “back office” procedures at Gentry
Mills Capital. He receives all subscription documents from investors investing in GMC sponsored programs and reviews for
accuracy and suitability. Additionally, Mr. Reeves maintains the investor database, sends out investor correspondence, reports,
distributions and serves as the transfer agent. Most importantly, Mr. Reeves takes great pride in providing superior customer
service to advisors and their clients.
GMC Property Portfolio
Hilton Garden Inn
Houston, Texas
Embassy Suites Hotel
Downtown Houston, Texas
18
SPONSOR
GMC Property Portfolio Continued
Hampton Inn & Suites in Atlanta, Georgia
Bay Vista Apartments – Phase I in Corpus Christi, Texas
Bay Vista Apartments – Phase II in Corpus Christi, Texas
Residence Inn By Marriott in Austin, Texas
The Sam Houston Hotel – formerly the Alden Hotel – Downtown
Houston, Texas
Plantation Apartments I
Mission/McAllen, Texas
Plantation Apartments II
Mission/McAllen, Texas
Fairfield Inn & Suites, Cambridge, Ohio
GEN 4 Prototype Rendering
19
SPONSOR
Contact Information
17330 Preston Road, Suite 210 B
Dallas, Texas 75252
Main: (972) 759-8725 Fax: (972) 759-8490
William P. Glass “Billy” – Managing Partner
[email protected]
Robert S. Palmer “Scott” – Partner
[email protected]
Rebecca L. Welch “Becky” – Sr. Vice President
[email protected]
Chris Reeves – Investor Relations Associate
[email protected]
Direct Line:
Cell Phone:
Fax Line:
(972) 759-7705
(817) 454-7555
(972) 759-8405
Direct Line:
Cell Phone:
Fax Line:
(972) 759-7706
(469) 337-7199
(972) 759-8406
Direct Line:
Fax Line:
(972) 759-7707
(972) 759-840
Direct Line:
Cell Phone:
(972) 759-7709
(214) 616-7900
20

property summary - Gentry Mills Capital

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