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Quality Inn & Suites Elko 3320 E Idaho St, Elko NV 89801 O F F E R I N G M E M O R A N D U M
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Page 1: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko3320 E Idaho St, Elko NV 89801

O F F E R I N G M E M O R A N D U M

Page 2: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites ElkoCONTENTS

Exclusively Marketed by:

Jennifer Stein(213) 446-5366License # [email protected]@jdsreservices.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

01 Executive Summary Investment Summary 5 Location Summary 6

02 Property Description Property Features 8 Property Images 9

03 Comps Elko Nov 19 STR 15

04 Financial Analysis Quality Inn Elko P&L 22

05 Demographics Demographics 24 Demographic Charts 26

Page 3: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from JDSReal Estate Services and it should not be made available to any other person or entity without the written consent of JDS Real Estate Services.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipientfurther agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly returnthis offering memorandum to JDS Real Estate Services. This offering memorandum has been prepared to provide summary, unverified financial and physical information toprospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. JDS Real Estate Services has not made any investigation, and makes nowarranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and squarefootage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federalregulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue itsoccupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, JDS Real Estate Services has not verified, and will notverify, any of the information contained herein, nor has JDS Real Estate Services conducted any investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of theinformation set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

Quality Inn & Suites Elko Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT JDS REAL ESTATE SERVICES FOR MORE DETAILS.Copyright © 2020 CREOP, LLC. All Rights Reserved.

Page 4: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

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Page 5: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Investment Summary | 05

OFFERING SUMMARYADDRESS 3320 E Idaho St

Elko NV 89801

COUNTY Elko

TOTAL ROOMS 60

YEAR BUILT 1999

YEAR RENOVATED 2019

APN 001-860-0AE

OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $3,500,000

PRICE PER KEY $58,333

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 1,297 20,179 26,120

2019 Median HH Income $96,664 $75,268 $77,870

2019 Average HH Income $119,671 $89,608 $91,898

Page 6: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Location Summary | 06

In the heart of Elko, Quality Inn & Suites Elko is closeto Elko Convention Center and Northeastern NevadaMuseum. This hotel is within close proximity of ElkoArea Chamber of Commerce Visitor Center and ElkoCounty Fairgrounds.

RoomsMake yourself at home in one of the 60 air-conditioned rooms featuring refrigerators andmicrowaves. LED televisions with digitalprogramming provide entertainment, whilecomplimentary wireless Internet access keeps youconnected. Private bathrooms with shower/tubcombinations feature deep soaking bathtubs andcomplimentary toiletries. Conveniences includedesks and complimentary newspapers, as well asphones with free local calls.

AmenitiesEnjoy the recreation opportunities such as a fitnesscenter or make use of other amenities includingcomplimentary wireless Internet access. If you'reready for some gaming fun, you can hop on thecomplimentary casino shuttle.

DiningA complimentary buffet breakfast is included.

Regional Map

Locator Map

Page 7: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

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Page 8: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Property Features | 08

PROPERTY FEATURESTOTAL ROOMS 60

LAND ACRES 1.59

YEAR BUILT 1999

YEAR RENOVATED 2019

NUMBER OF PARCELS 1

ZONING TYPE ZC

LAND USE GROUP COM

LAND USE 403-Commercial LivingAccommodations

TOPOGRAPHY Level

NUMBER OF STORIES 2

NUMBER OF BUILDINGS 1

LOT SHAPE Rectangular

TOTAL PARKING SPACES 63

ADA PARKING 5

FOUNDATION Concrete

FRAMING Wood

EXTERIOR Stucco

PARKING SURFACE Asphalt

ROOF 3 Tab Asphalt

LANDSCAPING Groomed Trees, Shrubbery, andGravel

MECHANICALHVAC 100% Total Floor Area Covered

FIRE SPRINKLERS 100% Total Floor Area Covered

ELECTRICAL / POWER 100% Total Floor Area Covered

LIGHTING 100% Total Floor Area Covered

Room MixDOUBLE QUEEN 34

STANDARD QUEEN 8

STANDARD KING 7

KING SUITE 4

DELUXE QUEEN 4

ADA KING 1

ADA QUEEN 1

ADA KING SUITE 1

AMENITIESWORK OUT FACILITY Yes: Treadmills, weights and cable

sets

SHUTTLE Yes: To three casinos in the area

COMPLIMENTARY BREAKFAST Yes: Daily

ICE/VENDING MACHINES Yes: Located throughout theFacility

BUSINESS CENTER Yes: In hotel lobby

WIFI Yes: Free WiFi for guests

Page 9: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Property Images | 09

Page 10: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Property Images | 10

Page 11: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Property Images | 11

Page 12: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Property Images | 12

Page 13: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

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Page 14: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

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Page 15: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Tab 2 - Monthly Performance at a Glance - My Property vs. Competitive SetQuality Inn & Suites Elko 3320 E Idaho St Elko, NV 89801-4699 Phone: (775) 777-8000

STR # 37560 ChainID: NV055 MgtCo: None Owner: None

For the Month of: November 2019 Date Created: December 17, 2019 Monthly Competitive Set Data Excludes Subject Property

November 2019

Occupancy (%) ADR RevPARMy Prop Comp Set Index (MPI) My Prop Comp Set Index (ARI) My Prop Comp Set Index (RGI)

Current Month 61.7 42.0 146.9 57.40 72.19 79.5 35.40 30.30 116.8

Year To Date 73.9 54.5 135.4 63.52 74.80 84.9 46.91 40.80 115.0

Running 3 Month 74.5 54.2 137.5 61.32 73.66 83.2 45.66 39.90 114.5

Running 12 Month 72.7 53.1 136.9 63.02 74.36 84.7 45.82 39.50 116.0

November 2019 vs. 2018 Percent Change (%)

Occupancy ADR RevPARMy Prop Comp Set Index (MPI) My Prop Comp Set Index (ARI) My Prop Comp Set Index (RGI)

Current Month -24.9 -21.5 -4.4 -4.0 8.7 -11.6 -27.9 -14.6 -15.5

Year To Date -8.8 -7.0 -1.9 4.5 -1.8 6.4 -4.7 -8.7 4.4

Running 3 Month -11.5 -16.5 6.0 1.7 3.2 -1.5 -10.0 -13.8 4.4

Running 12 Month -7.8 -5.6 -2.4 4.1 -2.1 6.4 -4.0 -7.5 3.8

The STR STAR Report is a publication of STR, Inc. and STR Global, Ltd., and is intended solely for use by paid subscribers. Reproduction or distribution of the STR STAR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to the STR STAR Report, please contact us immediately. Source: 2019 STR, Inc. / STR Global, Ltd. trading as “STR”.

Quality Inn & Suites Elko Elko Nov 19 STR | 15

Page 16: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko

Market: Nevada (Exc Las Vegas)

Market Class: Midscale Class

Submarket: Carson City/Nevada Area

Submarket Scale: Midscale Chains

Competitive Set: Competitors

Average Daily Rate

Current Month % Chg Year to Date % Chg

Running 3 Month % Chg

Running 12 Month % Chg

57.40 -4.0 63.52 4.5 61.32 1.7 63.02 4.1

85.81 1.0 100.17 -0.4 95.43 0.8 100.12 -0.3

104.53 0.0 121.28 -1.4 116.28 -0.7 120.98 -1.3

79.24 1.6 88.92 1.0 86.01 2.1 89.09 0.8

91.85 0.9 97.95 -0.5 97.30 0.4 97.41 -0.6

72.19 8.7 74.80 -1.8 73.66 3.2 74.36 -2.1

Quality Inn & Suites Elko

Market: Nevada (Exc Las Vegas)

Market Class: Midscale Class

Submarket: Carson City/Nevada Area

Submarket Scale: Midscale Chains

Competitive Set: Competitors

Quality Inn & Suites Elko

Market: Nevada (Exc Las Vegas)

Market Class: Midscale Class

Submarket: Carson City/Nevada Area

Submarket Scale: Midscale Chains

Competitive Set: Competitors

Census/Sample - Properties & Rooms

Census Sample Sample %

Properties Rooms Properties Rooms Rooms

261 33512 100 12133 36.2

32 8851 16 1559 17.6

153 13451 59 5841 43.4

31 2627 30 2563 97.6

5 512 5 512 100.0

RevPAR

Current Month % Chg Year to Date % Chg

Running 3 Month % Chg

Running 12 Month % Chg

35.40 -27.9 46.91 -4.7 45.66 -10.0 45.82 -4.0

50.72 -2.1 64.35 -3.4 64.32 -0.7 63.19 -3.3

63.44 -2.2 82.86 -5.4 80.49 -1.6 81.56 -5.3

39.88 -2.8 53.07 -0.2 51.91 0.1 52.00 -0.4

52.55 -1.3 65.86 -1.6 66.32 -2.4 64.01 -1.8

30.30 -14.6 40.80 -8.7 39.90 -13.8 39.50 -7.5

Market: Nevada (Exc Las Vegas)

Market Class: Midscale Class

Submarket: Carson City/Nevada Area

Submarket Scale: Midscale Chains

Competitive Set: Competitors

Occupancy (%)

Current Month % Chg Year to Date % Chg

Running 3 Month % Chg

Running 12 Month % Chg

61.7 -24.9 73.9 -8.8 74.5 -11.5 72.7 -7.8

59.1 -3.0 64.2 -3.1 67.4 -1.5 63.1 -3.0

60.7 -2.2 68.3 -4.0 69.2 -1.0 67.4 -4.1

50.3 -4.3 59.7 -1.1 60.3 -2.0 58.4 -1.2

57.2 -2.2 67.2 -1.1 68.2 -2.7 65.7 -1.2

42.0 -21.5 54.5 -7.0 54.2 -16.5 53.1 -5.6

Supply

Month % Chg YTD % Chg

Run 3 Mon % Chg

Run 12 Mon% Chg

0.0 0.0 0.0 0.0

1.5 1.6 1.5 1.6

0.0 0.0 0.0 0.0

1.2 0.7 1.1 0.7

8.8 6.6 8.9 6.4

0.0 -0.2 0.0 -0.2

Demand

Month % Chg YTD % Chg

Run 3 Mon % Chg

Run 12 Mon% Chg

-24.9 -8.8 -11.5 -7.8

-1.6 -1.5 0.0 -1.5

-2.2 -4.0 -1.0 -4.1

-3.2 -0.4 -0.9 -0.5

6.4 5.4 5.9 5.1

-21.5 -7.2 -16.5 -5.8

Revenue

Month % Chg YTD % Chg

Run 3 Mon % Chg

Run 12 Mon% Chg

-27.9 -4.7 -10.0 -4.0

-0.6 -1.8 0.8 -1.8

-2.2 -5.4 -1.6 -5.3

-1.7 0.6 1.2 0.3

7.4 4.8 6.3 4.5

-14.6 -8.9 -13.8 -7.8

Pipeline

Market: Nevada (Exc Las Vegas)

Under Construction Planning

Properties Rooms Properties Rooms

6 590 5 441

See Help page for pipeline definitions.

The STR STAR Report is a publication of STR, Inc. and STR Global, Ltd., and is intended solely for use by paid subscribers. Reproduction or distribution of the STR STAR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report andare NOT a subscriber to the STR STAR Report, please contact us immediately. Source: 2019 STR, Inc. / STR Global, Ltd. trading as “STR”.

Monthly Competitive Set Data Excludes Subject Property

STR # 37560 ChainID: NV055 MgtCo: None Owner: None

For the Month of: November 2019 Date Created: December 17, 2019

Tab 3 - STAR Summary - My Property vs. Comp Set and Industry SegmentsQuality Inn & Suites Elko 3320 E Idaho St Elko, NV 89801-4699 Phone: (775) 777-8000

Quality Inn & Suites Elko Elko Nov 19 STR | 16

Page 17: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Year To Date

2017 2018 2019

70.1 81.0 73.9

51.4 58.7 54.5

136.4 138.0 135.4

1 of 6 1 of 6 1 of 6

Running 3 Month

2017 2018 2019

70.6 84.1 74.5

53.0 64.8 54.2

133.2 129.8 137.5

1 of 6 1 of 6 1 of 6

7.6 15.5 -8.8

-7.0 14.1 -7.0

15.7 1.2 -1.9

1 of 5 2 of 6 4 of 6

-9.4 19.1 -11.5

11.3 22.3 -16.5

-18.6 -2.6 6.0

5 of 6 3 of 6 2 of 6

Year To Date

2017 2018 2019

66.68 60.78 63.52

78.79 76.18 74.80

84.6 79.8 84.9

6 of 6 6 of 6 5 of 6

Running 3 Month

2017 2018 2019

63.89 60.30 61.32

76.83 71.38 73.66

83.2 84.5 83.2

6 of 6 5 of 6 5 of 6

-1.9 -8.8 4.5

-4.1 -3.3 -1.8

2.3 -5.7 6.4

3 of 5 6 of 6 1 of 6

0.4 -5.6 1.7

0.4 -7.1 3.2

0.0 1.6 -1.5

4 of 6 3 of 6 4 of 6

Year To Date

2017 2018 2019

46.76 49.24 46.91

40.50 44.70 40.80

115.4 110.1 115.0

3 of 6 3 of 6 2 of 6

Running 3 Month

2017 2018 2019

45.12 50.74 45.66

40.73 46.28 39.90

110.8 109.6 114.5

3 of 6 2 of 6 2 of 6

5.5 5.3 -4.7

-10.9 10.4 -8.7

18.4 -4.6 4.4

1 of 5 4 of 6 3 of 6

-9.0 12.4 -10.0

11.7 13.6 -13.8

-18.6 -1.1 4.4

5 of 6 4 of 6 3 of 6

Occupancy (%) 2018 2019

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

My Property 98.3 92.9 92.6 88.4 81.9 82.1 60.4 63.1 62.4 64.4 66.8 83.4 84.8 80.9 82.2 81.1 80.4 61.7

Competitive Set 75.4 73.2 72.9 74.3 66.7 53.4 37.7 37.4 36.1 39.3 50.9 66.8 72.5 63.7 69.5 63.9 56.5 42.0

Index (MPI) 130.4 127.0 126.9 119.0 122.8 153.7 160.3 168.6 172.9 164.0 131.4 124.9 117.0 126.9 118.2 126.8 142.4 146.9

Rank 1 of 6 2 of 6 1 of 6 2 of 6 1 of 6 1 of 6 1 of 6 1 of 6 1 of 6 1 of 6 1 of 6 1 of 6 2 of 6 2 of 6 2 of 6 2 of 6 1 of 6 1 of 6

Running 12 Month2017 2018 2019

68.9 78.9 72.7

49.4 56.2 53.1

139.6 140.2 136.9

1 of 6 1 of 6 1 of 6

My Property 20.1 3.8 3.9 12.8 20.2 25.6 8.0 10.9 1.6 -6.0 -20.2 0.4 -13.7 -13.0 -11.3 -8.3 -1.8 -24.9

Competitive Set 13.1 7.7 4.7 15.7 23.4 31.2 24.9 16.1 -5.0 -4.9 -0.9 1.6 -3.9 -12.9 -4.7 -13.9 -15.3 -21.5

Index (MPI) 6.2 -3.6 -0.8 -2.5 -2.6 -4.3 -13.5 -4.5 6.9 -1.1 -19.5 -1.2 -10.3 -0.1 -6.9 6.6 15.9 -4.4

Rank 2 of 6 4 of 6 3 of 6 5 of 6 4 of 6 3 of 6 4 of 6 4 of 6 2 of 6 3 of 6 4 of 6 3 of 6 5 of 6 3 of 6 4 of 6 2 of 6 1 of 6 4 of 6

11.5 14.5 -7.8

-7.5 13.9 -5.6

20.6 0.5 -2.4

1 of 5 2 of 6 4 of 6

ADR 2018 2019

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

My Property 68.98 66.41 63.11 61.33 59.74 59.77 56.37 59.50 58.21 57.77 58.36 58.57 78.42 70.00 68.44 65.08 60.55 57.40

Competitive Set 89.27 82.42 79.86 75.80 70.46 66.42 67.57 72.37 78.74 67.12 67.35 69.58 85.71 78.70 76.88 76.85 71.23 72.19

Index (ARI) 77.3 80.6 79.0 80.9 84.8 90.0 83.4 82.2 73.9 86.1 86.6 84.2 91.5 88.9 89.0 84.7 85.0 79.5

Rank 6 of 6 6 of 6 6 of 6 6 of 6 5 of 6 4 of 6 5 of 6 5 of 6 6 of 6 4 of 6 4 of 6 4 of 6 4 of 6 4 of 6 4 of 6 5 of 6 5 of 6 6 of 6

Running 12 Month2017 2018 2019

65.93 60.51 63.02

78.56 75.94 74.36

83.9 79.7 84.7

6 of 6 6 of 6 5 of 6

My Property -15.7 -10.5 -13.2 -9.9 -6.6 1.6 0.3 5.4 -3.7 6.4 5.7 1.2 13.7 5.4 8.4 6.1 1.4 -4.0

Competitive Set -0.2 -0.7 -2.7 -4.6 -7.1 -10.3 -4.7 -5.4 -4.7 -2.9 -3.5 -1.0 -4.0 -4.5 -3.7 1.4 1.1 8.7

Index (ARI) -15.6 -9.9 -10.7 -5.6 0.6 13.3 5.3 11.4 1.0 9.6 9.5 2.2 18.4 10.4 12.6 4.7 0.3 -11.6

Rank 6 of 6 6 of 6 6 of 6 6 of 6 3 of 6 2 of 6 3 of 6 2 of 6 3 of 6 3 of 6 2 of 6 3 of 6 1 of 6 1 of 6 1 of 6 3 of 6 3 of 6 6 of 6

-2.6 -8.2 4.1

-3.9 -3.3 -2.1

1.3 -5.1 6.4

3 of 5 6 of 6 1 of 6

RevPAR 2018 2019

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

My Property 67.83 61.70 58.43 54.24 48.95 49.08 34.03 37.55 36.31 37.21 39.00 48.87 66.53 56.60 56.22 52.79 48.70 35.40

Competitive Set 67.31 60.30 58.24 56.33 47.00 35.49 25.45 27.09 28.41 26.36 34.26 46.47 62.14 50.17 53.42 49.14 40.24 30.30

Index (RGI) 100.8 102.3 100.3 96.3 104.1 138.3 133.7 138.6 127.8 141.2 113.9 105.2 107.1 112.8 105.2 107.4 121.0 116.8

Rank 3 of 6 3 of 6 3 of 6 3 of 6 3 of 6 2 of 6 2 of 6 2 of 6 2 of 6 2 of 6 2 of 6 2 of 6 3 of 6 3 of 6 3 of 6 3 of 6 2 of 6 2 of 6

Running 12 Month2017 2018 2019

45.42 47.72 45.82

38.78 42.71 39.50

117.1 111.7 116.0

3 of 6 3 of 6 2 of 6

My Property 1.2 -7.1 -9.8 1.6 12.3 27.6 8.4 16.9 -2.2 0.0 -15.7 1.6 -1.9 -8.3 -3.8 -2.7 -0.5 -27.9

Competitive Set 12.8 6.9 1.9 10.4 14.6 17.7 19.1 9.8 -9.4 -7.6 -4.4 0.6 -7.7 -16.8 -8.3 -12.8 -14.4 -14.6

Index (RGI) -10.3 -13.1 -11.5 -7.9 -2.0 8.4 -9.0 6.4 7.9 8.3 -11.8 0.9 6.2 10.3 4.9 11.6 16.2 -15.5

Rank 5 of 6 6 of 6 6 of 6 5 of 6 3 of 6 2 of 6 3 of 6 2 of 6 2 of 6 3 of 6 4 of 6 3 of 6 2 of 6 2 of 6 2 of 6 2 of 6 1 of 6 4 of 6

8.6 5.1 -4.0

-11.1 10.1 -7.5

22.2 -4.6 3.8

1 of 5 5 of 6 3 of 6

%Chg

%Chg

%Chg

STR # 37560 ChainID: NV055

For the Month of: November 2019

MgtCo: None Owner: None

Date Created: December 17, 2019 Monthly Competitive Set Data Excludes Subject Property

Tab 4 - Competitive Set ReportQuality Inn & Suites Elko 3320 E Idaho St Elko, NV 89801-4699 Phone: (775) 777-8000

The STR STAR Report is a publication of STR, Inc. and STR Global, Ltd., and is intended solely for use by paid subscribers. Reproduction or distribution of the STR STAR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to the STR STAR Report, please contact us immediately. Source: 2019 STR, Inc. / STR Global, Ltd. trading as “STR”.

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109

129

149

169

Jun Jul Aug Sep Oct Jan Mar Jun Jul Aug Sep Oct Nov

Monthly Indexes

Nov Dec

Occupancy Index (MPI)Feb

ADR Index (ARI)

Apr May

RevPAR Index (RGI) 100 %

-19

-14

-9

-4

1

Year to Date Running 12 Month

RevPAR Percent Change

Running 3 Month

My Property Competitive Set

Quality Inn & Suites Elko Elko Nov 19 STR | 17

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37560 Quality Inn & Suites Elko Elko, NV 89801-4699 (775) 777-8000 61 199910

2850 Americas Best Value Gold Country Inn & Casino Elko, NV 89801-2627 (775) 738-8421 150 197306

12171 Ramada Elko Hotel At Stockmen`s Casino Elko, NV 89801-3666 (775) 738-5141 132 195006

17127 Shilo Inn Suites Elko Elko, NV 89801-2413 (775) 738-5522 70 199008

26733 Best Western Elko Inn Elko, NV 89801-2629 (775) 738-8787 108 198906

38866 Comfort Inn Elko Elko, NV 89801-4644 (775) 777-8762 52 199908

573

This YearNov 11th - Veterans Day Nov 28th - Thanksgiving Day

Last YearNov 11th - Veterans DayNov 22nd - Thanksgiving Day

STR# Name City, State Zip Phone

Data received:

○ = Monthly Only

● = Monthly & Daily

Tab 5 - Response ReportQuality Inn & Suites Elko 3320 E Idaho St Elko, NV 89801-4699 Phone: (775) 777-8000STR # 37560 ChainID: NV055For the Month of: November 2019

MgtCo: None Owner: None Date Created: December 17, 2019

Rooms Open Date

November 2019 (This Year)Sun Mon Tue Wed Thu Fri Sat

November 2018 (Last Year)Sun Mon Tue Wed Thu Fri Sat

The STR STAR Report is a publication of STR, Inc. and STR Global, Ltd., and is intended solely for use by paid subscribers. Reproduction or distribution of the STR STAR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to the STR STAR Report, please contact us immediately. Source: 2019 STR, Inc. / STR Global, Ltd. trading as “STR”.

Quality Inn & Suites Elko Elko Nov 19 STR | 18

Page 19: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Occupancy (%) Average Daily Rate RevPARMy Property Competitive Set Index (MPI) My Property Competitive Set Index (ARI) My Property Competitive Set Index (RGI)

Day of Week Time Period % Chg % Chg % Chg % Chg % Chg % Chg % Chg % Chg % ChgSunday Current Month 65.0 -16.1 34.6 -21.5 187.7 6.9 56.36 -5.5 69.66 7.3 80.9 -11.9 36.63 -20.7 24.13 -15.8 151.8 -5.8

Year To Date 59.3 -18.3 42.0 -10.5 141.0 -8.8 60.52 4.4 70.59 -1.5 85.7 6.0 35.86 -14.7 29.68 -11.8 120.9 -3.3Running 3 Month 66.7 -12.6 45.4 -16.2 146.8 4.3 60.41 1.8 71.46 1.8 84.5 0.1 40.28 -11.0 32.45 -14.8 124.1 4.4Running 12 Month 58.6 -16.0 40.8 -8.8 143.6 -7.9 60.17 4.2 70.17 -1.8 85.7 6.2 35.27 -12.4 28.64 -10.4 123.2 -2.3

Monday Current Month 73.8 -22.7 42.8 -20.7 172.4 -2.5 59.56 -5.4 70.11 4.6 84.9 -9.6 43.92 -26.9 30.00 -17.0 146.4 -11.9Year To Date 80.1 -4.7 53.9 -6.0 148.6 1.3 64.01 5.0 74.96 -1.2 85.4 6.3 51.28 0.1 40.41 -7.1 126.9 7.7Running 3 Month 81.3 -10.8 54.7 -13.5 148.5 3.1 61.49 0.6 75.35 5.7 81.6 -4.8 49.98 -10.3 41.25 -8.6 121.2 -1.8Running 12 Month 77.9 -4.9 52.1 -5.8 149.4 1.0 63.52 4.6 74.50 -1.6 85.3 6.3 49.45 -0.6 38.83 -7.4 127.4 7.4

Tuesday Current Month 57.9 -35.3 43.7 -22.5 132.7 -16.6 58.55 -6.8 76.77 13.7 76.3 -18.0 33.91 -39.7 33.52 -11.9 101.2 -31.6Year To Date 79.6 -6.2 57.9 -8.6 137.5 2.6 63.90 4.1 75.92 -1.6 84.2 5.8 50.87 -2.4 43.97 -10.1 115.7 8.6Running 3 Month 77.2 -13.1 58.2 -14.8 132.6 2.0 61.50 0.6 75.90 7.4 81.0 -6.3 47.46 -12.6 44.17 -8.5 107.5 -4.4Running 12 Month 78.5 -5.8 56.4 -7.9 139.2 2.3 63.44 3.8 75.55 -1.9 84.0 5.8 49.82 -2.3 42.63 -9.7 116.9 8.2

Wednesday Current Month 64.2 -22.2 45.3 -16.3 141.6 -7.0 58.74 2.7 74.52 10.7 78.8 -7.2 37.69 -20.1 33.77 -7.4 111.6 -13.8Year To Date 81.3 -4.0 59.1 -6.5 137.4 2.7 65.78 7.3 76.63 -2.1 85.8 9.5 53.47 3.0 45.32 -8.5 118.0 12.5Running 3 Month 77.3 -10.4 58.2 -13.4 132.8 3.4 62.52 5.2 74.91 3.2 83.5 1.9 48.33 -5.7 43.62 -10.6 110.8 5.4Running 12 Month 80.6 -3.2 57.6 -5.4 139.9 2.3 65.12 6.7 76.18 -2.3 85.5 9.2 52.48 3.3 43.87 -7.6 119.6 11.7

Thursday Current Month 60.0 -23.1 43.8 -22.2 137.1 -1.2 57.53 -1.7 71.73 9.1 80.2 -9.9 34.52 -24.4 31.39 -15.1 110.0 -10.9Year To Date 74.2 -9.7 55.8 -5.4 133.1 -4.6 64.83 4.5 75.88 -2.1 85.4 6.8 48.12 -5.6 42.31 -7.4 113.7 1.9Running 3 Month 76.8 -9.8 53.8 -19.4 142.7 11.9 61.19 1.0 73.12 3.1 83.7 -2.0 46.99 -8.9 39.36 -16.9 119.4 9.6Running 12 Month 73.6 -8.9 54.3 -4.2 135.5 -4.9 64.30 4.2 75.43 -2.3 85.3 6.6 47.34 -5.1 40.97 -6.4 115.5 1.4

Friday Current Month 57.7 -25.4 43.9 -22.2 131.3 -4.2 55.09 -6.4 71.00 6.6 77.6 -12.2 31.77 -30.2 31.19 -17.0 101.8 -15.9Year To Date 72.0 -9.7 56.6 -5.2 127.2 -4.7 62.65 1.8 74.51 -2.2 84.1 4.0 45.12 -8.1 42.17 -7.2 107.0 -0.9Running 3 Month 76.9 -6.0 56.3 -16.5 136.7 12.6 61.45 0.4 72.36 0.5 84.9 -0.2 47.27 -5.6 40.71 -16.0 116.1 12.4Running 12 Month 70.9 -8.1 55.7 -2.2 127.1 -6.0 62.17 1.6 74.12 -2.3 83.9 4.0 44.06 -6.6 41.31 -4.5 106.6 -2.3

Saturday Current Month 55.7 -27.4 39.7 -22.6 140.1 -6.2 56.17 -3.0 71.32 8.8 78.8 -10.9 31.27 -29.6 28.34 -15.8 110.3 -16.4Year To Date 70.3 -10.7 56.2 -8.0 125.1 -3.0 61.92 3.6 73.86 -2.0 83.8 5.7 43.52 -7.6 41.48 -9.8 104.9 2.5Running 3 Month 65.1 -18.1 52.5 -21.3 124.1 4.1 60.39 2.2 71.90 0.2 84.0 2.0 39.33 -16.3 37.72 -21.2 104.3 6.2Running 12 Month 69.0 -9.2 54.8 -5.2 125.9 -4.2 61.44 3.2 73.43 -2.2 83.7 5.6 42.37 -6.2 40.21 -7.3 105.4 1.2

Weekday/WeekendWeekday Current Month 64.2 -23.9 42.0 -20.9 152.7 -3.8 58.18 -3.5 72.71 9.3 80.0 -11.7 37.33 -26.5 30.56 -13.5 122.2 -15.0(Sun-Thu) Year To Date 74.9 -8.3 53.8 -7.3 139.3 -1.1 63.99 5.2 75.06 -1.7 85.3 7.0 47.96 -3.5 40.38 -8.8 118.8 5.8

Running 3 Month 75.8 -11.3 54.1 -15.5 140.3 4.9 61.45 1.8 74.28 4.4 82.7 -2.4 46.61 -9.7 40.17 -11.8 116.0 2.3Running 12 Month 73.8 -7.5 52.3 -6.3 141.3 -1.2 63.48 4.8 74.61 -2.0 85.1 6.9 46.87 -3.0 38.99 -8.2 120.2 5.6

Weekend Current Month 56.7 -26.4 41.8 -22.8 135.4 -4.8 55.62 -4.8 71.15 7.5 78.2 -11.5 31.52 -30.0 29.77 -17.0 105.9 -15.7(Fri-Sat) Year To Date 71.1 -10.2 56.4 -6.6 126.2 -3.9 62.29 2.6 74.18 -2.1 84.0 4.8 44.32 -7.8 41.82 -8.5 106.0 0.8

Running 3 Month 71.0 -11.9 54.4 -18.9 130.6 8.6 60.97 1.3 72.14 0.4 84.5 1.0 43.30 -10.7 39.22 -18.6 110.4 9.6Running 12 Month 69.9 -8.6 55.2 -3.7 126.5 -5.1 61.81 2.4 73.78 -2.3 83.8 4.8 43.21 -6.5 40.76 -5.9 106.0 -0.6

Total Current Month 61.7 -24.9 42.0 -21.5 146.9 -4.4 57.40 -4.0 72.19 8.7 79.5 -11.6 35.40 -27.9 30.30 -14.6 116.8 -15.5Year To Date 73.9 -8.8 54.5 -7.0 135.4 -1.9 63.52 4.5 74.80 -1.8 84.9 6.4 46.91 -4.7 40.80 -8.7 115.0 4.4Running 3 Month 74.5 -11.5 54.2 -16.5 137.5 6.0 61.32 1.7 73.66 3.2 83.2 -1.5 45.66 -10.0 39.90 -13.8 114.5 4.4Running 12 Month 72.7 -7.8 53.1 -5.6 136.9 -2.4 63.02 4.1 74.36 -2.1 84.7 6.4 45.82 -4.0 39.50 -7.5 116.0 3.8

The STR STAR Report is a publication of STR, Inc. and STR Global, Ltd., and is intended solely for use by paid subscribers. Reproduction or distribution of the STR STAR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to the STR STAR Report, please contact us immediately. Source: 2019 STR, Inc. / STR Global, Ltd. trading as “STR”.

70

60

50

40

30Sunday Monday Tuesday Wednesday Thursday Friday Saturday Weekday Weekend

Tab 6 - Day of Week and Weekday/Weekend ReportQuality Inn & Suites Elko 3320 E Idaho St Elko, NV 89801-4699 Phone: (775) 777-8000 STR # 37560 ChainID: NV055 MgtCo: None Owner: NoneFor the Month of: November 2019 Date Created: December 17, 2019 Monthly Competitive Set Data Excludes Subject Property

Current Month Occupancy

My Property

CompetitiveSet

50

60

70

80

Sunday Monday Tuesday Wednesday Thursday Friday Saturday Weekday Weekend

Current Month ADR

Quality Inn & Suites Elko Elko Nov 19 STR | 19

Page 20: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Occupancy (%) November1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

MyProperty 55.0 58.3 78.3 98.3 68.3 88.3 71.7 81.7 88.3 78.3 90.0 80.0 71.7 83.3 63.3 40.0 51.7 56.7 53.3 68.3 60.0 55.0 53.3 51.7 50.0 30.0 28.3 25.0 33.3 38.3

Competitive Set 45.1 44.9 35.7 49.6 49.2 49.6 52.0 56.4 53.5 42.4 40.4 43.9 47.7 45.1 44.3 33.4 30.7 46.9 49.0 57.8 52.0 41.0 37.3 30.7 35.4 33.6 27.3 27.1 34.2 30.9

Index (MPI) 121.9 129.9 219.2 198.2 138.8 178.1 137.9 144.7 165.1 184.8 222.6 182.0 150.4 184.7 142.8 119.8 168.5 120.9 108.8 118.2 115.5 134.1 143.0 168.5 141.4 89.3 103.6 92.1 97.5 124.2

MyProperty -32.7 -10.3 6.8 7.3 -21.2 3.9 -24.6 -14.0 -5.4 -11.3 -11.5 -20.0 -28.3 -10.7 -37.7 -47.8 -39.2 -35.8 -28.9 36.7 56.5 10.0 -25.6 -18.4 -50.0 -69.0 -70.2 -74.1 -42.9 -28.1

Competitive Set -25.7 -14.2 -25.9 -21.1 -24.6 -25.9 -20.8 -5.2 -15.7 -9.6 -28.9 -33.2 -32.2 -30.4 -29.5 -31.9 -36.7 -7.7 -1.6 81.6 50.3 -9.5 -14.3 -14.2 -27.3 -29.8 -46.2 -57.6 -41.1 -22.5

Index (MPI) -9.3 4.6 44.2 36.0 4.5 40.3 -4.7 -9.3 12.3 -1.9 24.4 19.8 5.7 28.3 -11.6 -23.4 -4.0 -30.5 -27.8 -24.7 4.2 21.5 -13.1 -4.9 -31.2 -55.8 -44.6 -39.0 -3.0 -7.2

ADR November1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

MyProperty 55.52 53.77 60.08 62.74 55.97 58.17 57.63 54.59 58.88 56.42 62.52 60.63 58.66 59.51 58.00 53.35 53.69 54.48 56.78 58.74 56.91 53.18 52.99 53.29 53.71 62.01 60.72 52.12 53.19 60.98

Competitive Set 71.43 69.68 67.50 70.10 70.13 73.89 73.64 66.59 66.53 66.84 67.19 73.48 73.01 71.29 72.28 71.96 68.49 66.84 82.76 71.70 68.71 69.13 70.16 69.27 69.20 71.96 71.73 62.83 66.71 71.06

Index (ARI) 77.7 77.2 89.0 89.5 79.8 78.7 78.3 82.0 88.5 84.4 93.1 82.5 80.4 83.5 80.2 74.1 78.4 81.5 68.6 81.9 82.8 76.9 75.5 76.9 77.6 86.2 84.7 83.0 79.7 85.8

MyProperty -2.8 -8.8 -7.4 3.9 -5.4 0.9 0.0 -5.7 -3.8 -2.7 5.0 3.8 -0.6 3.1 0.0 -3.5 -8.3 -16.9 -21.1 2.9 -7.4 -23.8 -4.7 -6.9 -19.1 -2.5 10.6 -12.8 -3.2 8.8

Competitive Set 8.4 8.7 0.7 -1.0 -0.4 5.3 8.0 0.5 -2.6 2.4 2.1 9.1 7.6 7.3 9.5 8.9 6.4 3.3 21.2 13.1 6.6 1.1 10.1 9.2 3.5 12.5 8.4 -7.1 -2.1 7.1

Index (ARI) -10.4 -16.1 -8.1 5.0 -5.0 -4.2 -7.4 -6.2 -1.3 -4.9 2.9 -4.8 -7.6 -3.9 -8.7 -11.3 -13.8 -19.6 -34.9 -9.0 -13.1 -24.7 -13.5 -14.7 -21.9 -13.3 2.0 -6.1 -1.1 1.6

RevPAR November1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

MyProperty 30.54 31.36 47.06 61.69 38.25 51.38 41.30 44.58 52.01 44.19 56.27 48.51 42.04 49.59 36.73 21.34 27.74 30.87 30.28 40.14 34.14 29.25 28.26 27.53 26.86 18.60 17.20 13.03 17.73 23.37

Competitive Set 32.23 31.30 24.13 34.78 34.52 36.66 38.26 37.59 35.60 28.33 27.16 32.29 34.79 32.16 32.05 24.03 21.00 31.33 40.57 41.45 35.70 28.35 26.17 21.24 24.46 24.17 19.61 17.06 22.80 21.93

Index (RGI) 94.8 100.2 195.1 177.4 110.8 140.2 108.0 118.6 146.1 156.0 207.2 150.2 120.8 154.2 114.6 88.8 132.1 98.5 74.6 96.8 95.7 103.2 108.0 129.6 109.8 77.0 87.7 76.4 77.8 106.6

MyProperty -34.5 -18.1 -1.1 11.5 -25.4 4.8 -24.6 -19.0 -9.0 -13.7 -7.0 -16.9 -28.7 -7.9 -37.7 -49.6 -44.3 -46.7 -43.9 40.6 45.0 -16.2 -29.1 -24.1 -59.6 -69.7 -67.0 -77.4 -44.7 -21.8

Competitive Set -19.5 -6.7 -25.4 -21.9 -24.9 -22.0 -14.5 -4.8 -17.9 -7.4 -27.4 -27.2 -27.1 -25.3 -22.8 -25.8 -32.7 -4.6 19.3 105.3 60.2 -8.5 -5.7 -6.4 -24.7 -21.0 -41.6 -60.6 -42.3 -17.0

Index (RGI) -18.7 -12.2 32.5 42.8 -0.7 34.4 -11.7 -14.9 10.8 -6.8 28.0 14.1 -2.3 23.3 -19.3 -32.1 -17.2 -44.1 -53.0 -31.5 -9.5 -8.5 -24.8 -18.9 -46.3 -61.7 -43.5 -42.7 -4.1 -5.8

Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa

% Chg

% Chg

% Chg

The STR STAR Report is a publication of STR, Inc. and STR Global, Ltd., and is intended solely for use by paid subscribers. Reproduction or distribution of the STR STAR Report, in whole or part, without written permission is prohibited and subject to legal action. If you have received this report and are NOT a subscriber to the STR STAR Report, please contact us immediately. Source: 2019 STR, Inc. / STR Global, Ltd. trading as “STR”.

STR # 37560 ChainID: NV055

For the Month of: November 2019

MgtCo: None Owner: None

Date Created: December 17, 2019 Daily Competitive Set Data Excludes Subject Property

Tab 7 - Daily Data for the MonthQuality Inn & Suites Elko 3320 E Idaho St Elko, NV 89801-4699 Phone: (775) 777-8000

64

224

204

184

164

144

124

104

84

1 2 3 4 5 6 7 8 9 10 11 14 16 20 21 22 23 24 25 26 27 28 29 30

Daily Indexes for the Month of November

12 13

Occupancy Index (MPI)

15

ADR Index (ARI)

17 18 19

RevPAR Index (RGI) 100 %

Quality Inn & Suites Elko Elko Nov 19 STR | 20

Page 21: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

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Page 22: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Quality Inn Elko P&L | 22

Page 23: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Qu

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Demographic Charts

Page 24: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Demographics | 24

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 699 16,298 20,528

2010 Population 795 17,571 22,376

2019 Population 1,297 20,179 26,120

2024 Population 1,443 21,628 28,021

2019 African American 18 281 376

2019 American Indian 47 1,136 1,312

2019 Asian 16 291 397

2019 Hispanic 267 5,989 7,330

2019 Other Race 102 2,690 3,274

2019 White 1,066 14,934 19,728

2019 Multiracial 48 822 1,006

2019-2024: Population: Growth Rate 10.80 % 7.00 % 7.05 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 30 628 723

$15,000-$24,999 21 479 572

$25,000-$34,999 36 513 602

$35,000-$49,999 26 567 680

$50,000-$74,999 52 1,418 1,866

$75,000-$99,999 67 1,305 1,739

$100,000-$149,999 110 1,344 1,929

$150,000-$199,999 40 591 805

$200,000 or greater 68 405 513

Median HH Income $96,664 $75,268 $77,870

Average HH Income $119,671 $89,608 $91,898

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 289 6,676 8,352

2010 Total Households 277 6,399 8,143

2019 Total Households 451 7,249 9,427

2024 Total Households 501 7,764 10,115

2019 Average Household Size 2.66 2.72 2.72

2000 Owner Occupied Housing 150 3,753 4,943

2000 Renter Occupied Housing 108 2,238 2,522

2019 Owner Occupied Housing 283 4,297 5,749

2019 Renter Occupied Housing 168 2,952 3,679

2019 Vacant Housing 39 743 912

2019 Total Housing 490 7,992 10,339

2024 Owner Occupied Housing 323 4,721 6,290

2024 Renter Occupied Housing 178 3,043 3,825

2024 Vacant Housing 44 789 969

2024 Total Housing 545 8,553 11,084

2019-2024: Households: Growth Rate 10.65 % 6.90 % 7.10 %

Source: esri

Page 25: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Demographics | 25

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 88 1,598 2,083

2019 Population Age 35-39 81 1,374 1,798

2019 Population Age 40-44 81 1,136 1,468

2019 Population Age 45-49 70 1,113 1,456

2019 Population Age 50-54 82 1,205 1,569

2019 Population Age 55-59 101 1,303 1,702

2019 Population Age 60-64 87 1,088 1,436

2019 Population Age 65-69 71 888 1,193

2019 Population Age 70-74 44 603 783

2019 Population Age 75-79 27 369 465

2019 Population Age 80-84 24 238 293

2019 Population Age 85+ 24 237 274

2019 Population Age 18+ 1,013 14,895 19,341

2019 Median Age 38 33 34

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $102,494 $80,522 $83,148

Average Household Income 25-34 $120,622 $94,177 $96,492

Median Household Income 35-44 $100,641 $85,578 $88,659

Average Household Income 35-44 $121,951 $98,886 $100,976

Median Household Income 45-54 $123,389 $88,867 $91,202

Average Household Income 45-54 $157,622 $108,142 $109,382

Median Household Income 55-64 $91,782 $75,651 $77,757

Average Household Income 55-64 $115,369 $89,882 $91,958

Median Household Income 65-74 $79,906 $57,036 $60,698

Average Household Income 65-74 $111,146 $76,842 $79,374

Average Household Income 75+ $65,702 $47,849 $49,206

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 101 1,763 2,295

2024 Population Age 35-39 95 1,618 2,104

2024 Population Age 40-44 100 1,392 1,824

2024 Population Age 45-49 75 1,136 1,464

2024 Population Age 50-54 86 1,140 1,490

2024 Population Age 55-59 99 1,206 1,562

2024 Population Age 60-64 98 1,177 1,556

2024 Population Age 65-69 86 1,051 1,381

2024 Population Age 70-74 56 764 1,022

2024 Population Age 75-79 35 506 657

2024 Population Age 80-84 29 299 375

2024 Population Age 85+ 25 255 304

2024 Population Age 18+ 1,125 15,874 20,655

2024 Median Age 38 34 34

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $109,659 $86,422 $89,733

Average Household Income 25-34 $136,874 $105,684 $108,156

Median Household Income 35-44 $105,759 $92,674 $96,529

Average Household Income 35-44 $135,017 $111,443 $113,288

Median Household Income 45-54 $140,255 $97,392 $100,043

Average Household Income 45-54 $174,264 $120,582 $121,526

Median Household Income 55-64 $100,600 $80,774 $83,206

Average Household Income 55-64 $129,131 $101,806 $103,626

Median Household Income 65-74 $88,045 $62,829 $66,597

Average Household Income 65-74 $125,534 $88,279 $90,670

Average Household Income 75+ $73,143 $54,438 $56,448

Page 26: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Demographic Charts | 26

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Population by Race

Page 27: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko Demographic Charts | 27

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

Page 28: Quality Inn & Suites Elko...01 Executive Summary Investment Summary 5 Location Summary 6 02 Property Description Property Features 8 Property Images 9 03 Comps Elko Nov 19 STR 15 04

Quality Inn & Suites Elko

Exclusively Marketed by:

Jennifer Stein(213) 446-5366License # [email protected]@jdsreservices.com

powered by CREOP


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