Hotel/Lodging Space For Sale @ 999 Ashford Avenue

Transaction Timeline * Tuesday, June 27th - Indicative bid due date * Friday, June 30th - Notice provided to final round bidders * Friday, July 14th - Refundable participation deposits due * Tuesday, July 18th - Best and final auction date * TBD - Close of escrow Property Tours Please contact Gregory Rumpel at 305-962-0281 / gregory.rumpel@am.jll.com or Andrew Dickey at 305-905-3022 / andrew.dickey@am.jll.com to schedule. Investment OverviewJLL Hotels and Hospitality Group and Ten-X Commercial take great pleasure in exclusively presenting for sale the fee-simple interest in The Condado Plaza Hilton in San Juan, PR, offered unencumbered of both brand and management with transaction facilitated on the Ten-X auction platform. This institutional-quality hotel consists of 572 spacious guestrooms across two buildings overlooking the Atlantic Ocean and Laguna del Condado, 54,000 SF of flexible meeting and event space (the largest hotel meeting space in San Juan), eight food and beverage outlets, four outdoor swimming pools, fitness center and an array of water activities with a naturally-protected, swimmable beach. Occupying a remarkable beachfront location along bustling Ashford Avenue, the offering of The Condado Plaza Hilton presents a remarkable opportunity for an investor to capitalize on a market with exceptional airlift and no supply pressure that is positioned for a robust post-Zika recovery. Along with the flexibility of an unencumbered operation, the hotel provides a new owner with a variety of potential value-add projects and repositioning optionality. Investment Highlights * Institutional-quality asset at the gateway to the Caribbean with beachfront fee-simple address * Largest hotel meeting space in San Juan (54,000 SF of flexible indoor and outdoor meeting and event space) * Optionally available unencumbered of brand, management or both * Trailing five-year competitive set occupancy of 83.3% with the Condado submarket averaging over 85% occupancy in the same period * Two competitive assets a few blocks away are among the best performing hotels in the Caribbean * Potential to rebrand, implement dual-brands or mixed-use development * Potential to reintroduce an energetic and competitive gaming platform * Caribbean tax haven, United States jurisdiction * Attracts both leisure and corporate travelers; no passport required for U.S. citizens * Institutional capital returning to the market * Among the largest hotel rooms in the market (avg. room size 391 SF) * Less than a mile from the largest convention center in the Caribbean (600,000 SF) Property Listed By: Andrew D. Carlson – Jones Lang LaSalle Americas; PR RE #BK30010381 / (813) 387-1305 Tour for the Ocean Side Lobby: Tour for the Laguna Side Lobby: Tour for the Connecting Walkway: