OFFERING MEMORANDUM
AMERICAS BEST VALUE INN
MARIANNA, FLORIDA
NON-ENDORSEMENT AND DISCLAIMER NOTICENON-ENDORSEMENTSMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package.
The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said
corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and
is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
DISCLAIMERTHIS IS AN BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN
APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express
or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and
bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018
Marcus & Millichap. All rights reserved. ACT ID Z0240186
AMERICAS BEST VALUE INN
MARIANNA, FLORIDA
O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A
WWW.MARCUSMILLICHAP.COM
P R E S E N T E D B Y
Sarhan Mheni
First Vice President Investments Director - National Hospitality Group Encino OfficeTel: (818) 212-2807Fax: (818) 212-2710 [email protected] License: CA 01756111
Andy Kawatra
Senior AssociateMember - National Hospitality Group Encino OfficeTel: (818) 212-2737Fax: (818) 212-2710 [email protected] License: CA 02061203
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AMERICAS BEST VALUE INN
TABLE OF CONTENTS
INVESTMENT OVERVIEW PAGE 1Offering Summary • Investment Highlights • Maps
FINANCIAL ANALYSISPAGE 8Pricing • Operating Summary
COMPETITIVE PROPERTIESPAGE 11Competitive Properties • Rack Rate Summary • STR Report
MARKET OVERVIEWPAGE 21Demand Generators • Demographics • Regional Overview04
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INVESTMENTOVERVIEW
AMERICAS BEST VALUE INN MARIANNA
AMERICAS BEST VALUE INN MARIANNA
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PROPERTY HIGHLIGHTS
AMENITIES
Complimentary continental breakfast
Complimentary WiFi
Outdoor swimming pool
In-room coffee maker, iron andironing board
Coin-operated laundry facilities
70 rooms
2018 gross revenue $550K
2018 occupancy rate 36.24%
2018 ADR $60.85
2018 CAP rate 12.85%
AMERICAS BEST VALUE INN MARIANNA
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THE I-10 / FL-71 INTERCHANGE
Americas Best Value Inn Marianna is located at the intersection of Interstate 10 and Florida Highway 71, surrounded by a variety of other hotels, dining and shopping options that attract local residents and visitors alike.
Whether Marianna is a destination or a stop on the way, this location offers visitors all the comforts they expect.
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OFFERING SUMMARY
Marcus & Millichap is pleased to present this portfolio of three hotel properties in Marianna, Florida.
The Quality Inn Marianna, Days Inn by Wyndham Marianna, and Americas Best Value Inn Marianna are located at the intersection of Interstate 10 and Florida Highway 71. Marianna is situated midway between Tallahassee and Pensacola in Florida's Panhandle, just a few miles from Alabama and Georgia, and just thirty minutes from the Gulf Coast and beaches of Panama City.
Taken together, these three properties represent almost half of the available rooms located at the Highway 71 exit of I-10.
This offering memorandum focuses on Americas Best Value Inn Marianna. Offering memos for the other two hotels are available on request.
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Year BuiltLot Size (acres)
Building Area (sf)RoomsStories
Acquisition PricePrice per Room
CAP Rate - CurrentRRM - Current
Quality Inn Marianna2175 Highway 71
Marianna, FL 3244819801.53
27,459802
$3,150,000$39,37511.08%
3.10
Days Inn Marianna2185 Highway 71
Marianna, FL 3244819601.71
32,300702
$2,400,000$34,28613.79%
3.00
Americas Best Value Inn Marianna 2086 Highway 71
Marianna, FL 3244819821.91
38,183702
$1,650,000$20,62512.85%
3.00
INVESTMENT HIGHLIGHTS
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Highly visible properties at heavily traveledinterchange of Interstate 10 and FloridaHighway 17
Established properties currently performing atlocal market levels
Upside potential from updates andimprovements to increase rack rates andpossibility for up-branding
Three properties in one location offerseconomies of scale in management andoperations
The properties comprising this portfolio represent an investment opportunity to assume a comfortable income stream with significant upside potential.
These three nationally-branded properties capitalize on their proximity to Interstate 10, with its average annual daily traffic count of over 22,000 vehicles, and Florida State Highway 71, with almost 20,000 per day.
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LOCAL MAP
With average annual daily traffic counts of almost 20,000 vehicles per day on FL-71 and 22,000+ on I-10, these properties are visible, easily accessible, and ideally positioned to capture travelers passing through the area as well as those making the Marianna area their destination.
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FINANCIALANALYSIS
AMERICAS BEST VALUE INN MARIANNA
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PRICING SUMMARY - ABVI MARIANNA
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Purchase PricePurchase PriceDown Payment (30%)
$1,650,000$495,000
New FirstInterest RateAmortizationMonthly Principal & Interest
$1,155,0006.00%
25-$5,405
70 25,550
9,25936.24%$60.85$22.05
$550,106 99.99%$78 0.01%
$550,184 100.00%$338,193 61.48%$211,991 38.54%-$64,864
$147,1273.27
29.72%12.85%
3.00
2018 Operating SummaryRoomsAvailable Rentable RoomsRooms Sold OccupancyADRRevPar
Room RevenueOther RevenueTotal RevenueLess: Operating ExpensesNOILess: Debt ServicesPre-Tax Cash FlowDebt Coverage Ratio
Investment SummaryCash On Cash ReturnCAP RateRoom Revenue MultiplierPrice Per Room $23,571
Proposed Financing-New First
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PRICING SUMMARY - THE PORTFOLIO
Quality Inn Marianna$3,150,000
$945,000
Days Inn Marianna$2,400,000
$720,000
ABVI Marianna$1,650,000
$495,000
Totals/Averages$7,200,000$2,160,000
$2,205,000 $1,680,000 $1,155,000 $5,040,0006.00% 6.00% 6.00%
25 25 256.00%
25-$10,319 -$7,862 -$5,405 -$23,587
2018 Operating Summary80 70 70 220
29,200 25,550 25,550 80,300 11,247 9,259 36,66344.02% 36.24% 45.20%$72.59 $60.85 $66.50
16,15655.33%$66.05$36.55 $31.95 $22.05 $30.18
$1,015,508 $800,956 $550,106 $2,366,570 99.42%$6,471 $7,175 $78 $13,724 0.58%
$1,021,979 $808,131 $550,184 $2,380,294 100.00%$672,901 $477,153 $338,193 $1,488,247 62.89%$349,078 $330,978 $211,991 $892,047 37.69%-$123,831 -$94,347 -$64,864 -$283,042$225,247 $236,631 $147,127 $609,005
2.82 3.51 3.27 3.15
23.84% 29.72% 28.19%11.08% 12.85% 12.39%
3.10 3.00 3.04
PropertyPurchase PriceDown Payment (30%)
New FirstInterest RateAmortizationMonthly Principal & Interest
RoomsAvailable Rentable RoomsRooms Sold OccupancyADRRevPar
Room RevenueOther RevenueTotal RevenueLess: Operating ExpensesNOILess: Debt ServicesPre-Tax Cash FlowDebt Coverage Ratio
Cash On Cash ReturnCAP RateRoom Revenue MultiplierPrice Per Room $39,375
32.87%13.79%
3.00$34,286 $23,571 $32,727
Purchase Price
Proposed Financing-New First
Investment Summary
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COMPETITIVE PROPERTIES
AMERICAS BEST VALUE INN MARIANNA
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COMPETITIVE PROPERTIES
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Year Built Rooms1989 801995 701984 702000 642004 602007 542008 77
Hotel NameQuality Inn MariannaDays Inn MariannaAmericas Best Value Inn Marianna Microtel Inn & Suites Marianna Econo Lodge Inn & Suites Marianna Comfort Inn & Suites Marianna I-10 Fairfield Inn & Suites Marianna Holiday Inn Express & Suites Bonifay
Address2175 Highway 71, Marianna, FL 324482185 Highway 71, Marianna, FL 324482086 Highway 71, Marianna, FL 324484959 Whitetail Dr, Marianna, FL 324482196 Post Oak Ln, Marianna, FL 324482214 Highway 71, Marianna, FL 324484966 Whitetail Dr, Marianna, FL 32448115 Washington Dr, Bonifay, FL 32425 2010 65
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COMPETITIVE PROPERTIES
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# of UnitsRack Rate Range
TripAdvisor RankingLot Size (acres)
Building Area (sf)Assessed Value
Year Built
Econo Lodge Inn & Suites Marianna2196 Post Oak Ln
Marianna, FL 3244860
$70 - $10510 of 13 Marianna
1.539,447
$1,334,2642004
Comfort Inn & Suites Marianna I-102214 Highway 71
Marianna, FL 3244854
$84 - $1782 of 13 Marianna
1.738,241
$3,125,9962007
Fairfield Inn & Suites Marianna4966 Whitetail Dr
Marianna, FL 3244877
$146 - $2301 of 13 Marianna
2.1248,096
$2,682,5872008
Holiday Inn Express & Suites Bonifay115 Washington DrBonifay, FL 32425
65$122 - $1781 of 3 Bonifay
1.6936,628
$2,417,2582010
# of UnitsRack Rate Range
TripAdvisor RankingLot Size (acres)
Building Area (sf)Assessed Value
Year Built
Quality Inn Marianna2175 Highway 71
Marianna, FL 3244880
$79 - $1288 of 13 Marianna
1.5327,459
$2,428,7001980
Days Inn Marianna2185 Highway 71
Marianna, FL 3244870
$71 - $1026 of 13 Marianna
1.7132,300
$2,838,5001960
Americas Best Value Inn Marianna 2086 Highway 71
Marianna, FL 3244870
$89 - $10312 of 13 Marianna
1.9138,183
$2,848,7001982
Microtel Inn & Suites Marianna4959 Whitetail Dr
Marianna, FL 3244864
$66 - $903 of 13 Marianna
1.4319,278
$1,785,3132000
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COMPETITIVE PROPERTIES
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Hotel Name City. State Rooms Ranking* Rack Rate Low Rack Rate High Average Rack RateMarianna, FL 80 $79 $128 $103.50Marianna, FL 70 $71 $102 $86.50Marianna, FL 70 $89 $103 $96.00Marianna, FL 64 $66 $90 $78.00Marianna, FL 60 $70 $105 $87.50Marianna, FL 54 $84 $178 $131.00Marianna, FL 77 $146 $230 $188.00
Quality Inn MariannaDays Inn MariannaAmericas Best Value Inn Marianna Microtel Inn & Suites Marianna Econo Lodge Inn & Suites Marianna Comfort Inn & Suites I-10Fairfield Inn & Suites Marianna Holiday Inn Express & Suites Bonifay Bonifay, FL 65
8 of 13 Marianna6 of 13 Marianna12 of 13 Marianna3 of 13 Marianna10 of 13 Marianna2 of 13 Marianna1 of 13 Marianna
1 of 3 Bonifay $122 $178 $150.00Average $115.06Average
* Ranking per Tripadvisor
$103.50
$86.50$96.00
$78.00$87.50
$131.00
$188.00
$150.00
$115.06
$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
$180.00
$200.00
Quality Inn Marianna Days Inn Marianna Americas Best Value InnMarianna
Microtel Inn & SuitesMarianna
Econo Lodge Inn &Suites Marianna
Comfort Inn & Suites I-10
Fairfield Inn & SuitesMarianna
Holiday Inn Express &Suites Bonifay
Average
Average Rack Rate
Tab 2 - Monthly Performance at a Glance - My Property vs. Competitive Set
My Prop Comp Set Index (MPI) My Prop Comp Set Index (ARI) My Prop Comp Set Index (RGI)
91.4 80.4 113.6 79.90 94.77 84.3 73.00 76.20 95.8
91.4 80.4 113.6 79.90 94.77 84.3 73.00 76.20 95.8
83.1 77.8 106.8 80.51 98.88 81.4 66.90 76.92 87.0
Current Month
Year To Date
Running 3 Month
Running 12 Month 59.6 60.9 97.9 68.63 90.37 75.9 40.92 55.05 74.3
My Prop
OccupancyComp Set Index (MPI) My Prop Comp Set Index (ARI) My Prop Comp Set Index (RGI)
123.9 76.8 26.7 50.3 18.6 26.7 236.6 109.7 60.5
123.9 76.8 26.7 50.3 18.6 26.7 236.6 109.7 60.5
98.6 54.8 28.3 47.2 23.8 18.9 192.3 91.6 52.6
Current Month
Year To Date
Running 3 Month
Running 12 Month 27.2 7.2 18.6 14.1 9.2 4.5 45.1 17.0 24.0
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”.
ADR RevPAR
ADR RevPAR
Quality Inn Marianna 2175 Highway 71 S Marianna, FL 32448-2540 Phone: (850) 526-5600
STR # 27046 ChainID: FL251
For the Month of: January 2019
MgtCo: None Owner: None
Date Created: February 20, 2019 Monthly Competitive Set Data Excludes Subject Property
January 2019
January 2019 vs. 2018 Percent Change (%)
Occupancy (%)
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STR REPORT
Tab 3 - STAR Summary - My Property vs. Comp Set and Industry Segments
91.4 123.9 91.4 123.9 83.1 98.6 59.6 27.2 0.0 0.0 0.0
59.7 32.7 59.7 32.7 61.4 29.4 66.9 6.4
63.6 56.5 63.6 56.5 65.0 48.9 66.6 11.0
59.5 21.9 59.5 21.9 60.8 22.8 60.7 5.3
76.3 18.6 76.3 18.6 74.6 16.7 72.7 3.2
80.4 76.8 80.4 76.8 77.8 54.8 60.9 7.2
-3.9
-0.4
-2.1
0.0
0.0
-3.9
-0.4
-2.1
0.0
0.0
-4.1
-0.4
-2.2
0.0
0.0
-0.8
-0.1
0.9
-1.7
0.0
0.0
79.90 50.3 79.90 50.3 80.51 47.2 68.63 14.1 123.9 123.9 98.6 26.1
100.85 15.2 100.85 15.2 105.17 17.3 126.06 6.1 27.5 27.5 24.2 6.4
97.31 28.2 97.31 28.2 101.71 28.5 113.96 6.6 55.9 55.9 48.3 12.1
88.02 7.0 88.02 7.0 89.09 6.3 90.45 2.7 19.4 19.4 20.1 3.4
103.39 5.9 103.39 5.9 104.93 6.3 104.85 2.9 18.6 18.6 16.7 3.2
94.77 18.6 94.77 18.6 98.88 23.8 90.37 9.2 76.8 76.8 54.8 7.2
73.00 236.6 73.00 236.6 66.90 192.3 40.92 45.1 236.6 236.6 192.3 43.9
60.23 52.9 60.23 52.9 64.60 51.8 84.39 12.9 46.9 46.9 45.6 12.9
61.84 100.6 61.84 100.6 66.06 91.3 75.95 18.4 99.8 99.8 90.6 19.5
52.34 30.4 52.34 30.4 54.17 30.6 54.93 8.1 27.7 27.7 27.7 6.3
78.88 25.7 78.88 25.7 78.30 24.0 76.22 6.1 25.7 25.7 24.0 6.1
76.20 109.7 76.20 109.7 76.92 91.6 55.05 17.0 109.7 109.7 91.6 17.0
Rooms Rooms
37473 24933 Properties
5894 3524 14
5807 3533
1915 1855
390 390
55
45
100.0
96.9
% Chg Year to Date
Sample %Sample
72
% ChgCurrent
Month% Chg
% Chg
Average Daily Rate
Running 3
Month% Chg
Running 12
Month
Running 3
Month% Chg
Running 12
Month% Chg
Census/Sample - Properties & Rooms
% ChgRunning 12
Month
RevPAR
Current
Month% Chg Year to Date % Chg
Running 3
Month
247
60.8
66.5
See Help page for pipeline definitions.
Under ConstructionProperties
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26
Planning
59.8
6
439
116
27
Properties
% Chg
Census
Current
Month
Year to Date
Demand
Month %
Chg
Month %
ChgYTD % Chg
Run 3 Mon %
Chg
Run 12 Mon
% Chg
Market: Florida Panhandle
Revenue
Pipeline
Month %
ChgYTD % Chg
Run 3 Mon %
Chg
Run 12 Mon
% Chg
3015351708
Rooms Properties Rooms
Quality Inn Marianna
Market: Florida Panhandle
Market Class: Midscale Class
Submarket: Florida Panhandle Area
Submarket Scale: Midscale Chains
Competitive Set: Competitors
Rooms
Market: Florida Panhandle
Market Class: Midscale Class
Submarket: Florida Panhandle Area
Submarket Scale: Midscale Chains
Competitive Set: Competitors
Quality Inn Marianna
Market: Florida Panhandle
Market Class: Midscale Class
Submarket: Florida Panhandle Area
Submarket Scale: Midscale Chains
Competitive Set: Competitors
Quality Inn Marianna
Market: Florida Panhandle
Market Class: Midscale Class
Submarket: Florida Panhandle Area
Submarket Scale: Midscale Chains
Competitive Set: Competitors
STR # 27046 ChainID: FL251
For the Month of: January 2019 Date Created: February 20, 2019 Monthly Competitive Set Data Excludes Subject Property
MgtCo: None Owner: None
Quality Inn Marianna 2175 Highway 71 S Marianna, FL 32448-2540 Phone: (850) 526-5600
YTD % ChgRun 12 Mon
% Chg
Run 3 Mon %
Chg
SupplyOccupancy (%)
% Chg
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STR REPORT
Tab 4 - Competitive Set Report
2019
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2017 2018 2019 2017 2018 2019 2017 2018 2019
My Property 40.1 57.5 47.7 43.0 41.8 40.8 38.8 44.9 43.3 46.3 54.8 64.3 45.4 46.9 78.8 86.2 71.8 91.4 33.3 40.8 91.4 37.5 41.8 83.1 44.3 46.9 59.6
Competitive Set 45.5 61.8 54.2 56.4 49.1 45.5 52.6 58.0 55.9 55.6 60.5 66.2 49.2 49.2 49.6 77.7 75.3 80.4 47.5 45.5 80.4 51.7 50.3 77.8 56.3 56.8 60.9
Index (MPI) 88.0 93.1 88.1 76.2 85.1 89.7 73.6 77.5 77.4 83.3 90.6 97.1 92.4 95.3 158.8 111.0 95.4 113.6 70.2 89.7 113.6 72.4 83.3 106.8 78.7 82.5 97.9
Rank 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 4 of 7 5 of 7 5 of 7 5 of 7 5 of 7 4 of 7 5 of 7 5 of 7 4 of 7 1 of 7 3 of 6 6 of 7 2 of 7 5 of 7 4 of 7 2 of 7 4 of 7 5 of 7 4 of 7 5 of 7 5 of 7 4 of 7
% Chg
My Property 11.6 47.6 18.5 22.4 6.0 7.8 3.2 13.4 65.0 100.7 71.7 123.9 11.5 22.4 123.9 26.8 11.7 98.6 23.4 5.9 27.2
Competitive Set 22.0 -2.3 -4.3 -9.8 -5.2 8.0 -8.5 37.8 53.2 76.8 -1.9 -4.3 76.8 10.6 -2.8 54.8 -1.2 1.0 7.2
Index (MPI)
-14.3
30.2 21.0
-4.8
-11.5
7.6
-2.3
-2.1
-0.2 21.3 27.8 17.5
-3.5
-9.1
6.1
-9.2
-5.4
-4.0
-2.2
-4.5
2.4 13.7
-1.1
4.3 5.0
-18.4
-20.3
2.4 80.3 45.6 12.1 26.7 13.6 27.8 26.7 14.6 15.0 28.3 25.0 4.8 18.6
Rank 1 of 7 2 of 7 3 of 7 4 of 7 3 of 7 2 of 7 2 of 7 3 of 7 4 of 7 4 of 7 2 of 7 3 of 7 3 of 7 3 of 7 3 of 7 3 of 6 3 of 7 3 of 7 3 of 7 2 of 7 3 of 7 2 of 7 2 of 7 3 of 7 1 of 6 3 of 7 3 of 7
2019
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2017 2018 2019 2017 2018 2019 2017 2018 2019
My Property 57.12 68.22 58.81 57.13 53.79 53.15 55.07 58.30 58.07 60.94 59.42 62.28 56.88 58.21 77.54 84.03 77.19 79.90 60.85 53.15 79.90 60.91 54.70 80.51 61.64 60.16 68.63
Competitive Set 80.21 87.67 80.10 80.36 79.37 79.88 82.78 83.72 82.95 84.52 87.98 89.75 82.84 81.66 99.87 100.78 101.38 94.77 74.71 79.88 94.77 77.11 79.89 98.88 80.87 82.77 90.37
Index (ARI) 71.2 77.8 73.4 71.1 67.8 66.5 66.5 69.6 70.0 72.1 67.5 69.4 68.7 71.3 77.6 83.4 76.1 84.3 81.4 66.5 84.3 79.0 68.5 81.4 76.2 72.7 75.9
Rank 6 of 7 5 of 7 6 of 7 6 of 7 6 of 7 6 of 7 6 of 7 6 of 7 6 of 7 6 of 7 6 of 7 6 of 7 6 of 7 5 of 7 4 of 7 4 of 6 5 of 7 5 of 7 4 of 7 6 of 7 5 of 7 5 of 7 6 of 7 5 of 7 6 of 7 6 of 7 5 of 7
% Chg
My Property 11.6 1.6 31.8 47.1 43.5 50.3 2.0 50.3 1.1 47.2 4.7 14.1
Competitive Set 11.0 2.6 24.7 25.4 27.7 18.6 -2.3 18.6 0.6 23.8 0.5 9.2
Index (ARI)
-4.7
1.0
-5.6 0.5
-4.5
-1.8
-2.8
-6.7
0.7
-7.4
-11.2
3.8
-14.5
-12.7
6.9
-18.3
-9.2
4.3
-12.9
-4.5
0.0
-4.4
-2.5
3.3
-5.6 -1.0
-5.4
3.4
-8.5
-3.3
-1.1
-2.2
-0.4
3.3
-3.6
-14.7
-6.9
-8.4 5.7 17.3 12.3 26.7 4.5
-12.7
6.9
-18.3 26.7 0.5
-10.2
3.6
-13.3 18.9 4.2
-2.4
2.3
-4.6 4.5
Rank 5 of 7 4 of 7 6 of 7 7 of 7 7 of 7 7 of 7 7 of 7 6 of 7 6 of 7 4 of 7 6 of 7 4 of 7 4 of 7 6 of 7 3 of 7 2 of 6 2 of 7 2 of 7 3 of 7 7 of 7 2 of 7 5 of 7 7 of 7 2 of 7 3 of 6 7 of 7 2 of 7
2019
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2017 2018 2019 2017 2018 2019 2017 2018 2019
My Property 22.89 39.23 28.08 24.54 22.49 21.69 21.34 26.19 25.14 28.24 32.53 40.03 25.85 27.31 61.10 72.44 55.43 73.00 20.29 21.69 73.00 22.82 22.89 66.90 27.29 28.21 40.92
Competitive Set 36.52 54.15 43.43 45.29 39.01 36.33 43.57 48.53 46.37 47.03 53.19 59.42 40.74 40.19 49.56 78.28 76.33 76.20 35.50 36.33 76.20 39.89 40.16 76.92 45.49 47.04 55.05
Index (RGI) 62.7 72.4 64.7 54.2 57.7 59.7 49.0 54.0 54.2 60.0 61.2 67.4 63.4 68.0 123.3 92.5 72.6 95.8 57.2 59.7 95.8 57.2 57.0 87.0 60.0 60.0 74.3
Rank 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 4 of 7 5 of 7 5 of 7 3 of 7 4 of 6 6 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 5 of 7 4 of 7
% Chg
My Property 6.3 64.7 5.3 6.9 2.0 12.9 117.6 195.2 146.4 236.6 13.7 6.9 236.6 28.2 0.3 192.3 29.2 3.4 45.1
Competitive Set 35.4 1.5 2.3 11.5 14.1 72.8 95.7 109.7 -4.2 2.3 109.7 11.3 0.7 91.6 -0.8 3.4 17.0
Index (RGI)
-13.5
22.9 21.6
-9.1
-13.1
4.6
-8.8
-1.4
-7.6 3.7 4.4
-3.7
-6.0
2.4
-7.9
-9.1
1.4
-11.4
-2.3
-9.4
-0.7
-2.0
1.3
-1.9
4.0
-0.2
-2.2
2.1 1.2
-30.4
-25.8
-6.2 90.7 70.8 25.9 60.5 18.7 4.4 60.5 15.2 -0.3 52.6 30.2 0.0 24.0
Rank 1 of 7 2 of 7 3 of 7 4 of 7 3 of 7 3 of 7 4 of 7 3 of 7 5 of 7 4 of 7 3 of 7 4 of 7 4 of 7 5 of 7 2 of 7 2 of 6 3 of 7 3 of 7 2 of 7 3 of 7 3 of 7 2 of 7 4 of 7 3 of 7 1 of 6 5 of 7 3 of 7Exchange Rate
2017
2018
2018
2018
Quality Inn Marianna 2175 Highway 71 S Marianna, FL 32448-2540 Phone: (850) 526-5600
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”.
Running 12 Month
Running 12 Month
RevPAR
Running 3 Month
Running 3 Month
Year To DateADR
Year To Date
STR # 27046 ChainID: FL251
For the Month of: January 2019
MgtCo: None Owner: None
Date Created: February 20, 2019 Monthly Competitive Set Data Excludes Subject Property
2017
2017
Occupancy (%)Running 3 MonthYear To Date Running 12 Month
44
64
84
104
124
144
164
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Monthly Indexes
Occupancy Index (MPI) ADR Index (ARI) RevPAR Index (RGI) 100 %
12
62
112
162
212
Year to Date Running 3 Month Running 12 Month
RevPAR Percent Change
My Property Competitive Set
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Tab 5 - Response Report
STR # 27046 ChainID: FL251For the Month of: January 2019
This Year
Jan 1st - New Year's DayJan 21st - Martin Luther King Day
Last Year
Jan 1st - New Year's DayJan 15th - Martin Luther King Day
STR# Name City, State Zip Phone Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
27046 Quality Inn Marianna Marianna, FL 32448-2540 (850) 526-5600 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●31244 Days Inn Marianna Marianna, FL 32448-2540 (850) 526-1006 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●39600 Microtel Inn & Suites by Wyndham Marianna Marianna, FL 32448-2549 (850) 633-1825 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●52855 Econo Lodge Inn & Suites Marianna Marianna, FL 32448-7501 (850) 526-0096 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●54771 Comfort Inn & Suites Chipley I 10 Chipley, FL 32428-6387 (850) 415-1111 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●55203 Fairfield Inn & Suites Marianna Marianna, FL 32448-7508 (850) 482-0012 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ○ ● ●60816 Holiday Inn Express & Suites Bonifay Bonifay, FL 32425-3156 (850) 844-0600 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
Data received:
○ = Monthly Only● = Monthly & Daily
Quality Inn Marianna 2175 Highway 71 S Marianna, FL 32448-2540 Phone: (850) 526-5600
Date Created: February 20, 2019 MgtCo: None Owner: None
20000664
200803
70
Rooms
199506
Open Date
30
65 201005
54 200609
77
87 10
2328
17
2929 3121 25
181514
SatSun
11 1287 91
January 2019 (This Year)Mon Tue Wed Thu Fri
5432
3120
6 10
24
91
Sun
January 2018 (Last Year)Mon Tue Wed Thu Fri Sat
5 62 411 12 1318
27
3
2016
30
1925 26
60 200408
2414
2213
80 198912
2619
2316 17
2827
152221
2017 2018
470
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Tab 6 - Day of Week and Weekday/Weekend ReportQuality Inn Marianna 2175 Highway 71 S Marianna, FL 32448-2540 Phone: (850) 526-5600
MgtCo: None Owner: NoneSTR # 27046 ChainID: FL251 For the Month of: January 2019 Date Created: February 20, 2019 Monthly Competitive Set Data Excludes Subject Property
Day of Week Time Period % Chg % Chg % Chg % Chg % Chg % Chg % Chg % Chg % Chg
Sunday Current Month 85.9 148.9 73.5 97.7 116.9 25.9 81.46 66.7 94.16 22.3 86.5 36.3 70.01 314.9 69.25 141.7 101.1 71.6Year To Date 85.9 148.9 73.5 97.7 116.9 25.9 81.46 66.7 94.16 22.3 86.5 36.3 70.01 314.9 69.25 141.7 101.1 71.6Running 3 Month 76.8 146.7 71.7 92.9 107.2 27.9 78.80 55.6 97.64 31.4 80.7 18.4 60.54 284.0 70.00 153.6 86.5 51.4Running 12 Month 45.5 39.4 48.1 14.4 94.5 21.9 68.10 17.6 87.57 12.9 77.8 4.1 30.99 63.9 42.16 29.1 73.5 26.9
Monday Current Month 96.9 160.7 84.5 93.7 114.7 34.6 74.04 40.6 94.66 18.3 78.2 18.9 71.72 266.5 79.96 129.1 89.7 60.0Year To Date 96.9 160.7 84.5 93.7 114.7 34.6 74.04 40.6 94.66 18.3 78.2 18.9 71.72 266.5 79.96 129.1 89.7 60.0Running 3 Month 85.9 118.7 76.9 62.8 111.6 34.3 79.97 49.7 98.97 24.0 80.8 20.7 68.66 227.3 76.15 101.9 90.2 62.1Running 12 Month 60.0 41.5 57.4 10.1 104.5 28.6 66.02 14.2 88.93 10.4 74.2 3.4 39.60 61.6 51.03 21.6 77.6 32.9
Tuesday Current Month 88.3 93.1 80.8 68.4 109.2 14.7 80.38 54.6 96.66 13.4 83.2 36.3 70.93 198.6 78.09 91.0 90.8 56.3Year To Date 88.3 93.1 80.8 68.4 109.2 14.7 80.38 54.6 96.66 13.4 83.2 36.3 70.93 198.6 78.09 91.0 90.8 56.3Running 3 Month 84.5 91.9 78.1 55.1 108.2 23.7 79.47 51.5 99.09 20.0 80.2 26.2 67.17 190.7 77.38 86.2 86.8 56.1Running 12 Month 60.2 33.7 60.4 9.3 99.7 22.3 67.78 18.9 90.01 9.0 75.3 9.1 40.83 59.0 54.38 19.1 75.1 33.5
Wednesday Current Month 96.3 107.2 84.6 67.5 113.8 23.7 81.36 56.1 94.10 13.8 86.5 37.2 78.31 223.5 79.61 90.6 98.4 69.7Year To Date 96.3 107.2 84.6 67.5 113.8 23.7 81.36 56.1 94.10 13.8 86.5 37.2 78.31 223.5 79.61 90.6 98.4 69.7Running 3 Month 86.4 89.0 80.2 53.1 107.8 23.5 78.00 46.4 99.35 21.3 78.5 20.7 67.43 176.7 79.64 85.7 84.7 49.0Running 12 Month 58.4 30.7 61.4 6.9 95.0 22.2 66.34 15.7 91.62 11.3 72.4 4.0 38.71 51.1 56.27 19.0 68.8 27.0
Thursday Current Month 96.3 128.8 83.3 76.4 115.5 29.7 80.58 48.3 96.21 23.2 83.7 20.3 77.55 239.3 80.18 117.3 96.7 56.1Year To Date 96.3 128.8 83.3 76.4 115.5 29.7 80.58 48.3 96.21 23.2 83.7 20.3 77.55 239.3 80.18 117.3 96.7 56.1Running 3 Month 84.7 105.1 79.2 53.0 107.0 34.0 84.61 53.1 98.21 24.3 86.1 23.1 71.69 214.0 77.79 90.2 92.2 65.1Running 12 Month 60.1 39.7 59.8 7.4 100.6 30.1 69.67 18.9 88.01 9.9 79.2 8.2 41.88 66.0 52.62 18.0 79.6 40.7
Friday Current Month 88.8 111.0 76.0 57.5 116.7 34.0 80.48 41.9 92.95 21.5 86.6 16.8 71.43 199.5 70.67 91.4 101.1 56.5Year To Date 88.8 111.0 76.0 57.5 116.7 34.0 80.48 41.9 92.95 21.5 86.6 16.8 71.43 199.5 70.67 91.4 101.1 56.5Running 3 Month 83.2 64.9 79.6 30.3 104.5 26.5 80.31 34.6 98.38 22.6 81.6 9.8 66.80 121.9 78.26 59.8 85.3 38.9Running 12 Month 66.5 10.2 70.4 1.7 94.4 8.3 72.42 12.7 92.23 7.4 78.5 4.9 48.15 24.2 64.94 9.3 74.2 13.6
Saturday Current Month 85.6 129.2 78.2 85.5 109.5 23.6 80.74 45.6 93.77 22.8 86.1 18.6 69.13 233.9 73.32 127.7 94.3 46.6Year To Date 85.6 129.2 78.2 85.5 109.5 23.6 80.74 45.6 93.77 22.8 86.1 18.6 69.13 233.9 73.32 127.7 94.3 46.6Running 3 Month 80.0 95.2 78.8 52.3 101.5 28.2 82.06 45.7 100.50 26.1 81.7 15.5 65.65 184.4 79.18 92.0 82.9 48.2Running 12 Month 66.7 10.9 68.9 4.3 96.8 6.3 69.29 7.5 92.89 6.3 74.6 1.1 46.22 19.2 64.00 10.9 72.2 7.4
Weekday Current Month 92.8 125.3 81.6 78.9 113.8 25.9 79.67 52.9 95.23 17.5 83.7 30.2 73.95 244.4 77.66 110.2 95.2 63.9(Sun-Thu) Year To Date 92.8 125.3 81.6 78.9 113.8 25.9 79.67 52.9 95.23 17.5 83.7 30.2 73.95 244.4 77.66 110.2 95.2 63.9
Running 3 Month 83.7 107.7 77.3 61.4 108.3 28.6 80.25 51.1 98.66 23.6 81.3 22.2 67.17 213.7 76.22 99.5 88.1 57.3Running 12 Month 56.8 36.7 57.4 9.3 98.9 25.1 67.57 17.1 89.31 10.5 75.7 5.9 38.40 60.1 51.30 20.8 74.9 32.5
Weekend Current Month 87.2 119.6 77.1 70.5 113.1 28.7 80.61 43.7 93.36 22.1 86.3 17.6 70.28 215.5 71.99 108.3 97.6 51.4(Fri-Sat) Year To Date 87.2 119.6 77.1 70.5 113.1 28.7 80.61 43.7 93.36 22.1 86.3 17.6 70.28 215.5 71.99 108.3 97.6 51.4
Running 3 Month 81.6 78.5 79.2 40.4 103.1 27.1 81.17 39.5 99.43 24.3 81.6 12.2 66.22 149.0 78.72 74.5 84.1 42.7Running 12 Month 66.6 10.5 69.7 3.0 95.6 7.3 70.85 10.1 92.56 6.9 76.6 3.0 47.19 21.7 64.47 10.1 73.2 10.5
Total Current Month 91.4 123.9 80.4 76.8 113.6 26.7 79.90 50.3 94.77 18.6 84.3 26.7 73.00 236.6 76.20 109.7 95.8 60.5Year To Date 91.4 123.9 80.4 76.8 113.6 26.7 79.90 50.3 94.77 18.6 84.3 26.7 73.00 236.6 76.20 109.7 95.8 60.5Running 3 Month 83.1 98.6 77.8 54.8 106.8 28.3 80.51 47.2 98.88 23.8 81.4 18.9 66.90 192.3 76.92 91.6 87.0 52.6Running 12 Month 59.6 27.2 60.9 7.2 97.9 18.6 68.63 14.1 90.37 9.2 75.9 4.5 40.92 45.1 55.05 17.0 74.3 24.0
My Property Index (RGI)Competitive Set Index (ARI)
Weekday/Weekend
My Property Competitive Set
Occupancy (%) Average Daily Rate RevPAR
My Property Competitive Set Index (MPI)
69
79
89
99
Sunday Monday Tuesday Wednesday Thursday Friday Saturday Weekday Weekend
Current Month Occupancy
My Property
Competitive Set
69
79
89
99
Sunday Monday Tuesday Wednesday Thursday Friday Saturday Weekday Weekend
Current Month ADR
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Tab 7 - Daily Data for the Month
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 Su Mo Tu We ThJanuary
1 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 31
My Property 48.8 90.0 96.3 87.5 93.8 95.0 95.0 97.5 97.5 96.3 92.5 95.0 81.3 98.8 101.3 101.3 96.3 82.5 67.5 81.3 96.3 96.3 95.0 95.0 92.5 86.3 86.3 97.5 97.5 97.5 97.5
Competitive Set 56.2 74.9 80.3 77.9 83.3 83.1 89.2 89.0 89.0 82.3 77.9 79.2 76.9 84.7 86.2 87.9 82.8 75.9 79.7 71.0 83.3 87.2 84.0 77.9 73.6 71.8 64.4 82.1 87.2 89.0 95.1
Index (MPI) 86.8 120.2 119.9 112.3 112.5 114.4 106.5 109.6 109.6 116.9 118.7 119.9 105.6 116.6 117.5 115.1 116.2 108.7 84.6 114.4 115.5 110.4 113.1 121.9 125.7 120.1 134.0 118.8 111.8 109.6 102.5
% Chg
My Property 25.8 125.0 185.2 94.4 82.9 216.7 153.3 116.7 110.8 148.4 51.0 90.0 91.2 139.4 102.5 145.5 97.4 153.8 145.5 225.0 156.7 79.1 65.2 105.4 221.7 331.3 115.6 129.4 143.8
Competitive Set 32.7 65.9 72.9 74.7 101.9 153.1 83.2 87.6 87.6 77.3 72.7 91.9 85.2 117.2 90.9 66.5 53.8 39.0 77.7 95.3 78.6 74.4 51.0 77.8 46.4 68.7 64.1 56.1 53.2 66.0 71.7
Index (MPI) -5.2 35.6 64.9 11.3 -9.4 25.1 38.3 15.5 12.4 40.1 -12.6 -1.0 3.2 10.2 6.1 47.4 28.4 82.7 38.1 66.4 43.7 2.7 9.4 15.5 119.7 155.7 31.4 47.0 59.2
January
1 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 31
My Property 77.10 76.59 73.77 78.46 79.74 82.99 79.57 81.37 83.93 80.87 78.16 78.83 79.02 82.33 78.07 82.32 81.86 81.88 82.75 81.55 82.07 82.70 83.30 83.23 83.47 82.36 82.00 52.31 81.13 80.31 83.15
Competitive Set 94.11 86.15 90.81 88.59 88.91 90.06 91.66 92.46 92.19 92.94 92.91 91.90 91.76 90.32 92.83 93.15 90.53 90.43 93.09 93.47 95.32 97.40 91.53 94.65 91.21 92.67 93.03 92.63 95.16 95.62 99.98
Index (ARI) 81.9 88.9 81.2 88.6 89.7 92.1 86.8 88.0 91.0 87.0 84.1 85.8 86.1 91.2 84.1 88.4 90.4 90.5 88.9 87.2 86.1 84.9 91.0 87.9 91.5 88.9 88.1 56.5 85.3 84.0 83.2
% Chg
My Property 35.0 39.8 27.6 33.8 35.6 91.5 41.8 50.5 60.2 53.4 34.1 39.3 56.9 65.3 59.7 57.3 54.4 46.1 55.3 48.6 57.4 47.0 52.2 38.0 37.6 40.0 56.0 -2.8 57.8
Competitive Set 15.6 0.3 22.6 5.7 11.9 18.5 12.2 7.5 13.1 17.6 24.9 19.6 24.0 11.4 9.5 10.9 14.2 21.0 28.0 25.2 19.8 10.8 14.0 17.1 22.3 19.2 10.6 14.5 10.1 14.9 19.8
Index (ARI) 16.7 39.4 4.1 26.6 21.2 61.6 26.3 40.0 41.7 30.5 7.4 16.4 26.5 48.3 45.8 41.9 35.2 20.7 21.3 18.7 31.4 32.7 33.5 17.8 12.5 17.4 41.0 -15.1 43.3
January
1 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 31
My Property 37.59 68.93 71.01 68.65 74.75 78.84 75.59 79.34 81.83 77.84 72.30 74.88 64.21 81.30 79.04 83.35 78.79 67.55 55.85 66.26 78.99 79.60 79.14 79.07 77.21 71.04 70.72 51.00 79.10 78.30 81.07
Competitive Set 52.84 64.50 72.88 69.05 74.09 74.82 81.79 82.27 82.03 76.50 72.42 72.81 70.58 76.47 79.97 81.92 74.98 68.63 74.23 66.39 79.43 84.91 76.89 73.78 67.12 66.53 59.87 76.01 82.96 85.08 95.07
Index (RGI) 71.1 106.9 97.4 99.4 100.9 105.4 92.4 96.4 99.8 101.8 99.8 102.8 91.0 106.3 98.8 101.7 105.1 98.4 75.2 99.8 99.5 93.7 102.9 107.2 115.0 106.8 118.1 67.1 95.4 92.0 85.3
% Chg
My Property 69.8 214.5 263.8 160.1 148.0 506.5 259.1 226.2 237.7 281.1 102.5 164.6 199.9 295.7 223.3 286.2 204.9 270.7 281.1 382.8 304.1 163.2 151.5 183.4 342.8 503.6 236.3 123.0 284.5
Competitive Set 53.5 66.4 112.0 84.6 125.9 200.0 105.5 101.7 112.0 108.5 115.7 129.6 129.6 142.1 109.1 84.6 75.7 68.2 127.5 144.6 114.0 93.2 72.1 108.2 79.0 101.1 81.5 78.8 68.6 90.7 105.7
Index (RGI) 10.7 89.0 71.6 40.9 9.8 102.1 74.7 61.7 59.2 82.8 -6.1 15.2 30.6 63.4 54.6 109.2 73.6 120.5 67.5 97.4 88.8 36.3 46.1 36.1 147.3 200.1 85.4 24.7 128.0
ADR
STR # 27046 ChainID: FL251 MgtCo: None Owner: None
RevPAR
For the Month of: January 2019 Date Created: February 20, 2019 Daily Competitive Set Data Excludes Subject Property
Quality Inn Marianna 2175 Highway 71 S Marianna, FL 32448-2540 Phone: (850) 526-5600
Occupancy (%)
51
61
71
81
91
101
111
121
131
1 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 31
Daily Indexes for the Month of January
Occupancy Index (MPI) ADR Index (ARI) RevPAR Index (RGI) 100 %
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AMERICAS BEST VALUE INN MARIANNA
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MARKET OVERVIEW
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Marianna, Florida: The City of Southern Charm
Located in the heart of Florida's Panhandle, Marianna is a town rich with history, surrounded by natural wonders and outdoor recreation opportunities. Founded in 1827, Marianna was home to Florida Confederate Governor John Milton, and the site of a Civil War battle that is celebrated in reenactment.
Marianna is situated between Pensacola and Tallahassee on I-10. Other nearby cities served by airports include Panama City, FL and Dothan, AL.
Marianna is the county seat for Jackson County, and home to Chipola College, a public college serving over 2,000 students. Largest area employers include:
Family Dollar Distribution Center
Walmart Supercenter
Signature Healthcare
Rex Lumber Company
Anderson Columbia
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MARKET OVERVIEW
Outdoors enthusiasts will find a rich variety of adventures to explore in and around Marianna. The region is packed with rivers and lakes popular with kayakers, fishers, and boating enthusiasts, including Three Rivers State Park and Lake Seminole.
The region is dotted with caverns both above ground and underwater. Florida Caverns State Park takes visitors through Florida's only dry cavern. Merritts Mill Pond is renowned among scuba enthusiasts for its crystal-clear spring water and array of underwater caverns to explore.
History buffs enjoy driving the Spanish Heritage Trail, highlighting the history of Florida's time as a colony of Spain. Various plantations and historic structures spotlight the antebellum years, and the Civil War Battle of Marianna is re-enacted by local volunteers.
Chipola College Center for the Arts brings musical and performing arts events to the region.
LOCAL MARKET DEMOGRAPHICS
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PopulationIn 2018, the population in your selected geography is 8,583. The population has changed by -2.58% since 2000. It is estimated that the population in your area will be 8,594 five years from now, which represents a change of 0.13% from the current year. The current population is 47.98% male and 52.02% female. The median age of the population in your area is 42.56, compare this to the US average which is 37.95. The population density in your area is 109.35 people per square mile.
HouseholdsThere are currently 3,574 households in your selected geography. The number of households has changed by -3.22% since 2000. It is estimated that the number of households in your area will be 3,621 five years from now, which represents a change of 1.32% from the current year. The average household size in your area is 2.35 persons.
IncomeIn 2018, the median household income for your selected geography is$41,112, compare this to the US average which is currently $58,754. The median household income for your area has changed by 36.71%since 2000. It is estimated that the median household income in your area will be $46,831 five years from now, which represents a change of 13.91% from the current year.
The current year per capita income in your area is $24,391, compare this to the US average, which is $32,356. The current year average household income in your area is $57,917, compare this to the US average which is $84,609.
Race and EthnicityThe current year racial makeup of your selected area is as follows:70.04% White, 24.05% Black, 0.44% Native American and 1.20%Asian/Pacific Islander. Compare these to US averages which are:70.20% White, 12.89% Black, 0.19% Native American and 5.59%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.
People of Hispanic origin make up 3.83% of the current yearpopulation in your selected area. Compare this to the US average of18.01%.
HousingThe median housing value in your area was $117,269 in 2018,compare this to the US average of $201,842. In 2000, there were2,719 owner occupied housing units in your area and there were 974renter occupied housing units in your area. The median rent at thetime was $333.
EmploymentIn 2018, there are 6,576 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that58.97% of employees are employed in white-collar occupations inthis geography, and 40.10% are employed in blue-collar occupations.In 2018, unemployment in this area is 4.66%. In 2000, the averagetime traveled to work was 21.00 minutes.
LOCAL MARKET DEMOGRAPHICS
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POPULATION 1 Miles 3 Miles 5 Miles 2023 Projection
Total Population 50 2,477 8,594
2018 Estimate
Total Population 50 2,452 8,583
2010 Census
Total Population 52 2,564 8,962
2000 Census
Total Population 53 2,415 8,810
Daytime Population
2018 Estimate 47 2,023 10,811
HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2023 Projection
Total Households 42 1,029 3,621
2018 Estimate
Total Households 41 1,007 3,574
Average (Mean) Household Size 2.47 2.42 2.35
2010 Census
Total Households 43 1,070 3,801
2000 Census
Total Households 43 993 3,693
HOUSING UNITS 1 Miles 3 Miles 5 Miles Occupied Units
2023 Projection 42 1,029 3,621
2018 Estimate 50 1,206 4,402
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2018 Estimate
$200,000 or More 2.66% 2.26% 2.16%
$150,000 - $199,000 1.29% 2.27% 2.15%
$100,000 - $149,000 10.68% 10.87% 9.51%
$75,000 - $99,999 9.37% 8.86% 8.96%
$50,000 - $74,999 21.82% 19.34% 17.00%
$35,000 - $49,999 20.66% 17.45% 17.76%
$25,000 - $34,999 12.78% 13.64% 13.15%
$15,000 - $24,999 10.29% 13.65% 13.67%
Under $15,000 10.43% 11.66% 15.65%
Average Household Income $57,767 $60,576 $57,917
Median Household Income $43,157 $44,432 $41,112
Per Capita Income $47,644 $25,112 $24,391
POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population 25+ by Education Level
2018 Estimate Population Age 25+ 35 1,768 6,020
Elementary (0-8) 4.40% 3.40% 3.92%
Some High School (9-11) 6.70% 5.61% 6.55%
High School Graduate (12) 30.10% 28.71% 28.49%
Some College (13-15) 31.17% 26.43% 24.53%
Associate Degree Only 11.42% 13.18% 12.45%
Bachelors Degree Only 7.67% 12.55% 13.92%
Graduate Degree 4.92% 8.62% 8.93%
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as-
sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap ACT ID Z0240186
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