Offering Memorandum SITE - Cushwakelandfl.com

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HOTEL MARKET(3 LINES MAXIMUM).FROM SMITH TRAVEL RESEARCH, DATED JULY 17, 2013Occupancy – Total Year 65.9%, May YTD 73.5%ADR – Total Year $102.55, May YTD $111.56RevPAR – Total Year $67.61, 61 May YTD $82.04Supply – Total Year 2,808,662, May YTD $1,164,375Demand – Total Year 1,851,675, May YTD $556,226Revenue – Total Year $189,891,852, May YTD $95,520,975For the <strong>com</strong>plete report, please click on this link: http://flyers.cushmanwakefield.<strong>com</strong>/flyers/Smith Travel Research Trend Report.pdfLAUREL GARDENS, TAMPA, FLCUSHMAN & WAKEFIELD13
MARKET INFORMATION(3 LINES MAXIMUM)FLORIDA OVERVIEWECONOMYThe Florida economy has undergone a metamorphosis overthe past decade, shifting from the tourism industry to the hightechnology, life sciences, services and retail/wholesale tradesectors. Florida’s seasonally adjusted unemployment ratefor may 2013 was 7.1%, which is 1.7% lower than one yearago in may 2012 and the lowest unemployment rate sinceSeptember 2008. From May 2012 to May 2013, Florida hasgained 122,500 jobs. The state’s technology and biotechsectors continue to impact job growth as Florida is now thefifth largest cyberstate in the united states and widelyrecognized as an emerging biotechnology market.Companies in the aviation, aerospace, microelectronics andmedical technology industries continue to move to the state totake advantage of Florida’s favorable tax incentive programs,financial resources, international access and highly skilledworkforce.Tampa BayPOPULATION TRENDS2013is expected to be animprovement over 2012with iha promising i outlook kinregard to the housingmarket, employment grownand consumer confidence.Florida is the fourth most populous state in the nation,with an estimated population of over 19.3 millionresidents in 2012. According to the 2010 US Census,from 2000-2010 0 0Florida’s population p grew by 18% with anincrease of 2.8 million people. Estimates by the US Censusreflect a continued population increase of 2.7% or 514,878people from 2010 to 2012 and the state ranked third inpopulation gains for 2012. Additionally, by 2016, forecastsindicate that Florida is poised to pass the State of New Yorkfor the number three spot in terms of total population.LAUREL GARDENS, TAMPA, FLCUSHMAN & WAKEFIELD14
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Page 4 and 5: EXECUTIVE SUMMARY(3 LINES MAXIMUM)T
Page 6 and 7: PROPERTY INFORMATION(3 LINES MAXIMU
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Page 10 and 11: MARKET INFORMATION(3 LINES MAXIMUM)
Page 20: www.cushmanwakefield.comBRUCE K. ER

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