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Proposal for Highest and Best Use Study H&LN <br /> Mr. Scot Wrighton <br /> Page 5 <br /> PROJECT QUALIFICATIONS & EXPERIENCE <br /> Our consultants are national experts in the analysis of all types of hotel and resort <br /> properties. We have prepared more than 3,000 studies on every hotel brand and chain scale <br /> in the United States and Canada. With your project in mind, below is a small sampling of <br /> projects we have completed over the years that are similar to yours in property type or <br /> scope of services. A complete list of all H&LA projects can be found on our website. <br /> Proposed Holiday Inn & Suites - Decatur, Illinois: H&LA <br /> completed a market feasibility and financial analysis <br /> study on a proposed 112-room hotel. Our study analyzed <br /> occupancy and ADR, and made projections for future <br /> w financial performance. We also analyzed the competitive <br /> hotel market to determine existing supply and demand <br /> for the subject. The property is near Interstate 72. <br /> Proposed Hotel and Entertainment Development- Portland r4 <br /> Area, Oregon:H&LA completed a highest and best use <br /> analysis for revenue centers to include in a mixed-use <br /> development. We determined the potential components that i r - r •;: <br /> were maximally productive and potentially financially <br /> feasible as part of a development. Our study concluded with <br /> a recommendation ranking the components that had the <br /> greatest promise for the subject site. <br /> Proposed SpringHill Suites - Lancaster, New York: <br /> I� Market Feasibility and Financial Analysis Study of a <br /> ` 94-room hotel. Our study confirmed that the <br /> development of the proposed 94-room SpringHill <br /> Suites was viable in the subject market.The market <br /> is heavily influenced by the presence of the Buffalo <br /> Niagara International Airport approximately two <br /> ■ miles west of the subject. The airport is a strong <br /> demand driver for the region and has proven to be a <br /> favored departure point for Canadian travelers from <br /> southern Ontario. <br /> Intercontinental Hotel - Boston, Massachusetts: Appraisal and r <br /> Market Analysis Report for the 424-room hotel. Our study • <br /> evaluated the competitive hotel market and considered the <br /> three approaches to value to reach a value conclusion. The <br /> subject property includes restaurants, lounge, 32,000 square <br /> feet of meeting and prefunction space, gift shop/business <br /> center, spa, fitness center, and indoor pool. m <br /> INI IOTI:I &1_E1SLIK:ADVISOAS l &LA <br />