property summary - gentry mills capital · overview . the hotel . the 119-room hampton inn &...

PROPERTY SUMMARY Hampton Inn & Suites Camp Creek – East Point, GA

GMI – Camp Creek, LP

www.gentrymillscapital.com

Hampton Inn & Suites East Point, Georgia

3450 Creek Point Drive East Point, Georgia 30344

Near the Hartsfield Jackson International Airport And the Georgia International Convention Center


HAMPTON INN & SUITES EAST POINT, GA

TABLE OF CONTENTS

SECTION I EXECUTIVE SUMMARY Overview 1 SECTION II PROPERTY AND MARKET INFORMATION Property Hampton Inn & Suites 2 Location Map 3 Aerial 1 4 Aerial 2 5 Survey 6 Market Hartsfield Jackson International Airport 7 Georgia International Convention Center 7 Downtown Atlanta 8 Atlanta’s Major Sporting Events 8 Economic Overview 9 Competitive Set 10 SECTION III DEVELOPMENT TEAM Project Partner 12 Hotel Management Company 14 SECTION IV SPONSOR About Gentry Mills Capital 15


EXECUTIVE SUMMARY

Overview The Hotel The 119-room Hampton Inn & Suites Camp Creek opened in May 2008. The Hotel, located at 3450 Creek Pointe Drive, East Point, Georgia, 30344, is situated just off exit 2 on I-285, and is in close proximity to Hartsfield Jackson International Airport, the world’s busiest airport which provided service to over 90 million total passengers in 2012. The airport employs approximately 50,000+ people, contributing to the airport market being one of the largest employment districts in Georgia. The Hotel is in close proximity to an abundance of corporate and group demand generators including Hartsfield Jackson Atlanta International Airport, Delta Airlines, Southwest Airlines, Bank of America, DHL, Boeing Training and Flight Services, Coca-Coca Bottling Systems, Sysco Foods, Chick-fil-a, and the Georgia International Convention Center. The Hotel’s competitive set includes Hampton Inn Atlanta Airport, Residence Inn Atlanta Airport N. Virginia Ave, Hyatt Place Atlanta Airport South, Hampton Inn & Suites Airport North, Hyatt Place Atlanta Airport North, Springhill Suites Atlanta Airport Gateway, and Holiday Inn Express & Suites Atlanta Airport West.

The Brand Hampton® hotels is a select service brand of Hilton Worldwide, Inc. (“Hilton Worldwide”) designed for budget-minded business and leisure travelers. There are currently more than 1,800 Hampton hotels worldwide, including 1,781 in the U.S. National competitors of the Hampton Inn include Fairfield Inn and Holiday Inn Express. The first Hampton location opened in Memphis in 1984. Hampton also is backed by Hilton’s guest loyalty program, Hilton HHonors, and enjoys brand benefits from the wide array of resources the Hilton family has to offer.

Peachtree Hotel Group Peachtree Hotel Group, LLC (“PHG”) is Gentry Mills Capital’s project partner on the Hampton Inn & Suites Camp Creek project. PHG will also manage hotel operations. Peachtree Hotel Group, LLC (www.peachtreehotelgroup.com) is a fully integrated investment and management organization specializing in premium branded, limited and select service hotels. PHG’s full spectrum of services includes hotel investment into properties and debt, property and asset management, and development and renovation management services. PHG’s executive offices are located at Two Premier Plaza, 5607 Glenridge Drive, Suite 430, Atlanta, Georgia 30342.

About Atlanta, Georgia Atlanta was established in 1837 at the intersection of two railroad lines and has attained international prominence. It is the primary transportation hub of the Southeastern United States via highways, railroad and air. Atlanta is the capital of Georgia and the largest city in the state of Georgia with an estimated 2011 population of 432,427 and home to 5,457,831 people in the Atlanta Metropolitan Area. The Atlanta Metropolitan Area is the 9th largest metropolitan area in the United States. Atlanta has a gross domestic product of $304 billion and it’s economy ranks 17th among world cities and 8th in the US. Atlanta has a diverse economy but dominant sectors are logistics, professional and business service, media operations and information technology. In 2010, Atlanta was the seventh-most visited city in the United States, with over 35 million visitors per year.

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http://www.peachtreehotelgroup.com/






Hampton Inn and Suites, East Point, Georgia The Hampton Inn and Suites Camp Creek offers 119 rooms with 40 suites, 32 typical king, 42 typical Q/Q and 5 handicap accessible, spacious guest rooms, outdoor swimming pool and on-site, state-of-the art fitness center. It is located off I-285, just west of the Hartsfield-Jackson International Airport and minutes from the Georgia International Convention Center. The hotel features a warm, welcoming lobby area and provides a complimentary, hot breakfast daily.

PROPERTY INFORMATION

Hampton Inn Exterior Hotel Sitting Room Hotel Lobby

Suite Suite Meeting Room

Dining Room Breakfast Bar Coffee Bar

Business Center Fitness Room Pool

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Airport

Atlanta, Georgia

Location Map


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Convention Center



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Aerial of Hampton Inn & Suites and Hartsfield Jackson International Airport

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Hartsfield - Jackson International Airport – Atlanta, Georgia


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Site

Hampton Inn and Suites

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Survey


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MARKET INFORMATION

Market The Atlanta Airport/Camp Creek submarket is at the edge of metro Atlanta which is home to Express Jet Airlines, Chick-fil-A, Hartsfield-Jackson Atlanta International Airport, and the Georgia International Convention Center. The airport employs approximately 50,000+ people, making Camp Creek one of the largest employment districts in Georgia. Major business sectors with a presence in Camp Creek include paper, chemicals, fabricated metals, petroleum and related industries, rubber and plastics and electrical machinery. Camp Creek is situated fourteen miles northwest of downtown Atlanta and is easily accessible via I-85, I-285 and the Metropolitan Atlanta Rapid Transit Authority (“MARTA”). Hartsfield-Jackson International Airport (“ATL”) The Hartsfield-Jackson International Airport is situated adjacent to the Hotel and has been the world’s busiest airport by passenger traffic since 1998. The airport offers nearly 1 million total flights spanning over 200 domestic and international gates and serves as a major hub for travel throughout the southwestern US. ATL is a focus city for Southwest Airlines and is the primary hub of Delta Air Lines and Delta Connection partner ExpressJet. At nearly 1,000 flights a day, the Delta hub is the world’s largest airline hub. Over the past 10 years, the airport has been part of a $9 billion “Focus on the Future” Development Program which includes multiple construction projects with the intention of preparing the airport to accommodate the projected 121 million passengers in 2015. Southwest Airlines Co. announced it will open an Atlanta pilot base in August 2013. It will be the company’s 10th pilot base and will initially accommodate 200 pilots. A pilot base is where crews start and end their trips and provides an opportunity for pilots to reside in the Atlanta area. Currently, the closest pilot base is in Orlando, FL. The carrier also announced at Atlanta People Department, a 50,000 square foot facility in Camp Creek. The People Department is in the renovated AirTran Corporate Center, now Southwest’s Atlanta Center. It will house training facilities and a new consolidated customer support and services center for Georgia-based employees. About 4,300 Southwest and AirTran employees currently reside in Atlanta, among the company’s 46,000+ employees. Southwest is the official airline of the Atlanta Falcons, a presenting sponsor of the Georgia Aquarium and partner of Piedmont Park Conservancy and the Southwest Porch at Park Tavern. Southwest Airlines began flights to and from Atlanta Airport in February 2012 after acquiring Orlando, FL-based AirTran Airways for $1.4 billion in 2011. Over the next two years, Southwest will finish integration and phasing out AirTran. About 28% of AirTran’s workforce has already been converted to Southwest. Georgia International Convention Center The Georgia International Convention Center (“GICC”) was built in 2003 and is the newest and second largest convention center in Georgia with over 400,000 SF of flexible meeting space. Located adjacent to the Atlanta Airport and one mile from the Hotel, and only 10 minutes from downtown Atlanta, the GICC features Georgia’s largest ballroom at 40,000 SF and serves as a popular venue for annual trade shows, national expos and major regional conferences.

Georgia International Convention Center Hartsfield Jackson International Airport

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Downtown Atlanta Downtown Atlanta is the historic business district of Atlanta. Downtown is the largest of the city’s three commercial districts, and is the location of many corporate and regional headquarters, city, county, state and federal government facilities, Georgia State University, sporting venues, and most of Atlanta’s tourist attractions. Downtown measures approximately four square miles and has recently undergone a transformation that included the construction of new condos and lofts, renovation of historic buildings and an influx of new residents and businesses. Downtown Atlanta is home to several major sports teams. The NFL’s Atlanta Falcons play at the Georgia dome which is one of the largest indoor football arenas in the Southeastern US. The Georgia Dome is also home to some of the top events and shows in Atlanta. The MLB’s Atlanta Braves play at the historic Turner Field which is also home to several special events throughout the year including the UniverSoul Circus and major concerts series. Home to the NBA’s Atlanta hawks and the Atlanta Dream, Philips Arena is a top destination for the city’s best sporting events and entertainment. Throughout the year, many of the best concerts are staged at this state-of-the-art arena. Atlanta has and continues to host major sporting events: • NASCAR Spring Cup Series at Atlanta Motor Speedway – NASCAR Racing • The TOUR Championship at East Lake Golf Course – PGA Golf • Chick-fil-A Bowl and Chick-fil-A Kickoff Game – College Football • SEC Championship – College Football • AJC Peachtree Road Race – 10K Road Race • Bank of America Football Classic – College Football • BB&T Atlanta Open – Tennis • Petit Le Mans – Auto Racing

Turner Field – Home of the Atlanta Braves Georgia Dome – Home of the Atlanta Falcons NASCAR

Phillips Arena – Atlanta Hawks East Lake Golf Course The Atlanta Dream

MARKET INFORMATION

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MARKET INFORMATION

Economic Overview Atlanta is one of ten U. S. cities classified as an “alpha-world city” and ranks third in the number of Fortune 500 companies headquartered within the city boundaries, behind only New York and Houston. These three cities are the only ones in the US ranked in the top 20 for Global 500 company headquarters locations. Several major national and international companies are headquartered in metro Atlanta, including six Fortune 100 companies: The Coca-Cola Company, Home Depot, United Parcel Service, Delta Air Lines, AT&T Mobility and Newell Rubbermaid. Other headquarters for major companies in Atlanta and around the metro area include Arby’s, Chick-fil-A, EarthLink, Equifax, First Data, Foundation Financial Group, Gentive Health Services, Georgia-Pacific, NCR, Oxford Industries, RaceTrac Petroleum, Southern Company, SunTrust Banks, Mirant and Waffle House. Over l755 of the Fortune 1000 companies have a presence in the Atlanta area, and the region hosts office of about 1,250 multinational corporations.

Company

Ye ar e st. in

Atlanta

Re ve nue s

($ millions) Cox Enterprises, Inc.

1939

$ 14,700

First Data Corp 1998 10,710 RaceTrac Petroleum Inc. 1976 9,061 HD Supply, Inc. 2007 7,025 Southwire Co. 1950 5,200 Unisource Worldwide Inc. 1999 4,300 Chick-fil-A Inc. 1967 4,051 Holder Construction Co. 1960 1,766 Printpack, Inc. 1956 1,400 Oglethorpe Power Corp. 1974 1,390 AJC International Inc. 1972 1,261 Federal Home Loan Bank of Atlanta 1971 1,109 Colonial Pipeline Co. 1962 1,049 Euramax International Inc. 1996 934 UniPro Foodservice Inc. 1958 881 Source: Metro Atlanta Chamber of Commerce

Fortune 500 Headquarters Metro Atlanta

Fortune 1000 Headquarters Metro Atlanta

Re ve nue s Company Rank ($ millions) The Home Depot 34 $ 74,754 UPS 53 54,127 The Coca-Cola Company 57 48,017 Delta Airlines 83 36,670 Southern Company 171 74,754 Genuine Parts 214 13,032 SunTrust Banks 239 11,240 First Data 254 10,680 Agco 272 9,962 Rock-Tenn 291 9,208 HD Supply1 330 7,994 Coca-Cola Enterprises 339 7,562 Newell Rubbermaid 433 5,903 NCR 441 5,792 Source: Metro Atlanta Chamber of Commerce

Re ve nue s Company Rank ($ millions)

Asbury Automotive Group 506 $ 4,754 Graphic Packaging 549 4,337 AGL Resources 597 3,992 Axiall (Formerly Georgia Gulf) 664 3,326 Exide Technologies 698 3,085 Carter's 841 2,382 Aaron's 872 2,223 Global Payments 876 2,204 Equifax 895 2,161 RPC 960 1,945 Acuity Brands 964 1,934 Bluelinx Holdings 974 1,908

Source: Metro Atlanta Chamber of Commerce

Top Privately Held Companies – Metro Atlanta

Atlanta International Convention Center

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Holiday Inn Express

Subject Property

Hyatt Place North

Hampton Inn North Residence Inn North

Spring Hill Suites

Hyatt Place South Hampton Inn Airport

Competitive Set

MARKET INFORMATION

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www.gentrymillscapital.com 11

MARKET INFORMATION

Occupancy 2010 2011 2012 2013

Subject Hotel 70.4% 73.2% 71.9% 72.9%

Comp Set 75.1% 76.4% 73.2% 76.0%

Penetration 93.7 95.8 98.3 95.8

ADR

Subject Hotel $96.93 $97.71 $94.09 $93.26

% change 0.8% -3.7% -0.9%

Comp Set $85.58 $90.29 $92.43 $94.37

% change 3.5% 2.4% 2.1%

Penetration 113.3 108.2 101.8 98.8

RevPAR

Subject Hotel $68.19 $71.49 $67.67 $67.95

% change 4.8% -5.3% 0.4%

Comp Set $64.29 $68.98 $67.64 $71.76

% change 7.3% -1.9% 6.1%

Penetration 106.1 103.6 100.0 94.7


PROJECT TEAM

Project Partner

Peachtree Hotel Group (www.peachtreehotelgroup) is a hospitality investment and management organization dedicated to excellence, loyalty and value creation within its financial partners, team members, guests and communities. The company’s full spectrum of services include hotel investment into properties and debt, property and asset management, and development and renovation management services. With a total of more than 125 years of combined experience, Peachtree Hotel Group has created a solid platform for investing, operating and developing hotels throughout the Untied States. Through the years, the company’s senior leaders have been providing excellent returns for investors while delivering exceptional services and accommodations for hotel groups. PHG’s innovative and experienced leadership team is ready to exceed expectations for their investors, team members and guests. Since its inception, Peachtree has acquired or developed more than $300 million of hotels and first mortgage notes. Peachtree currently owns, operates, or is invested in approximately 40 hotels, comprising more than 3,500 guest rooms throughout the Untied Stated. Its management arm, Peachtree Hospitality Management, operates 30 hotels with more than 3,000 rooms.

Comfort Suites, Starkville, MS Courtyard Marriott, Gulf Shores, AL

Courtyard Marriott, Jacksonville, FL Hilton Garden Inn, Indianapolis, IN

PHG Property Portfolio

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http://www.peachtreehotelgroup/




Holiday Inn , Daytona Beach, FL Hyatt Place, Jacksonville, FL

PROJECT TEAM

Fairfield Inn & Suites, Montgomery, AL Fairfield Inn & Suites, Valdosta, GA

Homewood Suites, Durham, NC Hotel Indigo, College Park, GA

Courtyard Marriott, Columbus, MS Hampton Inn & Suites, Milledgeville, GA

PHG Property Portfolio Continued

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Hotel Management Group – Peachtree Hospitality Management

Hotels are a highly complex class of real estate that requires sophisticated operating systems and support. A successful hotel operator must focus on creating revenues and guest experiences while controlling expenses and protecting investor’s capital to ultimately produce returns. Peachtree Hotel Group, through its management arm, Peachtree Hospitality Management, has developed and tested its systems and people on its own properties and extends that success as a third-party manager with the same passion and attention to detail for a growing list of owners nationwide. An approved operator by all the major, premium hotel brand groups, the company’s management expertise encompasses virtually every flag under the Marriott, Starwood, Hilton, Hyatt, Choice, Wyndham and InterContinental Hotels Group banners. The company’s proven, cutting-edge, proprietary operating systems give Peachtree a leg up on it competitive set. The company’s range of services include: Hotel Property Management Sales and Marketing E-Commerce Management Revenue Management Centralized Accounting Asset Management Pre-Opening Services and Technical Coordination Renovation Project management

The company’s business model is built on four pillars: 1. Guests – Peachtree’s core belief is that there is no hospitality experience without an engaged guest. The company operates

quality assets which result in a memorable stay, one guest at a time. 2. Team Members- Peachtree engages with its team members to create a living, breathing culture to consistently deliver a work

environment that provides an exceptional guest experience and builds a better bottom line. The company genuinely takes a family approach with its team, providing a professional, yet relaxed, atmosphere to help its people thrive and grow while empowering them to provide the best possible guest experience.

3. Financial Partners – The company stresses open, two-way communications with it stakeholders to build and deliver a winning business plan to meet the owner’s objective and deliver superior returns to its investors/partners.

4. Communities – A thriving hotel also must be a thoughtful, interactive, compassionate part of the community. Peachtree supports its communities both at the corporate and property levels, such as working with habitat for Humanity and supporting local parks and youth leagues in various markets.

PROJECT TEAM

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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

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.


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.

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.

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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

16

SPONSOR


Residence Inn By Marriott in Austin, Texas

Bay Vista Apartments – Phase I in Corpus Christi, Texas

Bay Vista Apartments – Phase II in Corpus Christi, Texas

Hampton Inn & Suites in Atlanta, Georgia

SPONSOR

GMC Property Portfolio Continued

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The Sam Houston Hotel – formerly the Alden Hotel – Downtown Houston, Texas

Plantation Apartments I Mission/McAllen, Texas

Plantation Apartments II Mission/McAllen, Texas


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: (972) 759-7705 Cell Phone: (817) 454-7555 Fax Line: (972) 759-8405

Direct Line: (972) 759-7709 Cell Phone: (214) 616-7900

Direct Line: (972) 759-7706 Cell Phone: (469) 337-9466 Fax Line: (972) 759-8406

Direct Line: (972) 759-7707 Fax Line: (972) 759-8407

SPONSOR

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mailto:[email protected]




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