APPLICATION

Submitted to:

DOWNTOWN MEMPHIS COMMISSION

Center City Revenue Finance Corporation
114 North Main Street
Memphis, TN 38103

FOR FINANCIAL INCENTIVES

Through the

PAYMENT-IN-LIEU-OF TAXES Program (P.I.L.O.T)

Submitted by:

Wessman Holdings, LLC

On Behalf of:

477 Memphis Hotel, LLC

Owner/Applicant

South Main Historic District

SW Corner
At the Intersection of
S. Main Street and E. Butler Ave
Memphis, TN 38103
 1. Applicant Background:

Applicant:
477 Memphis Hotel, LLC
Members: John Wessman, Michael Braun, Octavio Fernandez, Chris Pardo
John Wessman-
Wessman Development, LLC
555 Sunrise Way, Suite 200
Palm Springs, CA 92264
Office 760-325-3050
Mobile 760-641-4046

Founded by John Wessman, Wessman Development has over 40 years of relevant real estate and capital
market history with returns on equity between 1982 and 2010 above 100%. Their portfolio covers a
wide range of real estate property types, including hotels, retail, entertainment, multi- and single family
residences, industrial, office, land, and mixed- use. They have successfully entitled and built over 25
commercial projects with a value of over $100 Million and developed over $300 Million in residential
units. Current real estate holdings include over 1 million sqft of raw land, 100,000 sqft of Office Space,
110 apartment units, 25 shopping centers containing over 700k sqft and 300 tenants. Currently
developing hotel brands including the Kimpton Hotels, Virgin Hotels, Scout Hotel and AC Marriot.
Wessman also is the Co-Founder of Il Corso Italian Restaurants in Palm Desert and Palm Springs.

Michael Braun-
Wessman Braun
555 Sunrise Way, Suite 200
Palm Springs, CA 92264
Office 760-325-3050
Mobile 760-641-4046

Michael Braun assumed the role of Senior Vice President and Chief Financial Officer in 2003 when he
joined Wessman Development Company. Prior to that Michael was a partner and Chief Investment
Officer at Pinnacle Securities in New York, where he managed various currency partnerships and fund
portfolios with assets in excess of $300 million. Over the course of his 15-year career in fixed income
and currency markets at JP Morgan and Merrill Lynch, he had the privilege of advising some of the
largest hedge funds in the world, two of the largest mutual funds in the U.S. and key Asian sovereign
wealth funds along with the most prestigious car manufacturers in Germany.

With Mr. Brauns extensive knowledge and expertise in financing and capital markets, he has been able
to secure over $500 Million in financing across a variety of real estate and construction loan programs
for Wessman Development, these include office/industrial real estate, mixed-use, development and
construction financing, retail, hotel and net-lease transactions. Mr. Braun is also responsible for
overseeing the companys real estate portfolio, consisting of over one million sqft of commercial real
estate assets. He holds a MBA in finance and accounting from Johann Wolfgang Goethe University in
Frankfurt, Germany.

Octavio Fernandez
Wessman Braun
555 Sunrise Way, Suite 200
Palm Springs, CA 92264
Office 760-325-3050
Mobile 760-641-4046

Octavio Fernandez joined Wessman Development in 1983 and brings over 30 years of experience in the
commercial construction industry. Mr. Fernandez has an extensive background of commercial real
estate and construction expertise with an emphasis on the executive functions of construction
management. He oversees all project development/construction processes beginning with permitting,
procurement, contractor selection, negotiations, construction, and the transition to operations. As a
managing member of the company, he also implements management protocols and remains closely
involved in the day-to-day operations. Mr. Fernandez graduated from Cal Poly University Pomona with a
B.S. in Business Administration with minors in finance, insurance and real estate.

Chris Pardo
Chris Pardo Design: Elemental Architecture, LLC
1555 S. Palm Canyon DR, Suite D202
Palm Springs, CA 92264
Mobile 206-351-6535

Chris Pardo started Elemental Architecture as a design build firm in 2004. The firm has built over 40
projects, including residential, retail, restaurants and hotels and designed over 1400. Influenced
primarily by Asian and Scandinavian contemporaries, his buildings exhibit an adept understanding of
form and a purity of material. Largely self-taught in the field of architecture, Pardo spent eight years
living/studying across the west coast before returning to Seattle to attend the University of
Washingtons Masters of Architecture program. In 2009 he co-founded Arrive Hotels and opened its
first location in Palm Springs. Arrive is a hotel chain focused on the local community and the new
experience based traveler. It has hotels under development in Austin, TX and Los Angeles. In addition to
Elemental Architecture & Arrive Hotels, Chris is the co-founder and owner of a number of Coffee Shops
and Bars in Palm Springs. He has been prolifically featured in national/international blogs, magazines,
books, and newspapers. Pardo has found success practicing a true elemental architecture, interpreting
buildings as utilitarian sculpture rather than a commodity. Each design portrays a strong elemental
language allowing the massing to define the language and character of the space.
 2. Proposed Project:
477 S Main St - APN 00210700002
484 S Front Street APN 00210700001

The subject buildings are at 477 S Main Street and 484 S Front Street, in Memphis, TN. The 477 South
Main Street building was originally built in 1913 as a storage warehouse and 484 S Front in 1947 as a
warehouse as well. The 477 building will be restored and renovated into a 62 key luxury boutique hotel
with a basement Restaurant/bar, a ground floor restaurant/bar, meeting spaces and a gym. The 484 S
Front Street will house roughly 5500 sqft of retail/restaurant space and accommodate 90+ parking
spaces (62 indoors). The project will utilize the existing building shell and bring its systems up to date.
The project will have little to no environmental impact as is is reducing the original occupancy of
office/school to a lower total occupancy group (hotel) while maintaining the existing structure and
reducing waste. The economic impact will be substantial, local contractors, consultants and businesses
will be utilized in the construction and finishing of the building. Once open the 477 S Main Hotel and
associated restaurants will employ over 150 people, provide an active use, activated street frontage and
reinvigorate Main St. The 477 S Main Street building consists of over 48,757 sqft and the 484 S Front
Street building has 20,000 sqft indoor plus 2,800 sqft of outdoor space. The total project is just under
72k sqft of active uses on .9 acres.

Architectural Design:

See Attachments for architectural schematic plans and renderings.

Structural Design:

See attached exhibit from Chad Stewart & Associates.

Target Market:

The 477 S Main Street Hotel will be operated and branded by Arrive Hotels. The hotel is a high-end
boutique property which offers superior service, multiple food & beverage outlets, full room service and
entertainment options. The brand targets thoughtful in the know travelers both business and leisure
that seek a true local experience and an active environment. In addition to catering to experienced
travelers, Arrives main focus is the neighborhood and larger community. All food and beverage outlets
are open to the general public, feature locally sourced products/ingredients and entertainment. See
attached Arrive Brand packet.

The restaurants at the Arrive hotel are designed to be destinations for the local neighborhood, the
downtown community and the larger Memphis metropolitan area. They seek to enhance the street
experience, create liveliness and engage the guests with authentic experiences.
Public Space Enhancements:

Recently approved at the Historic Commission, the project proposes sidewalk repair and beautification
along Butler. Improvements include repair and enhanced sidewalk surfaces, lighting, adding potted
plantings/trees where possible. In addition upgraded lighting under the train underpass and engaging a
local artist in cooperation with the DMC to paint a mural below the tracks. The building will be restored
further to its original character with historically representative replacement windows, brick repair,
glazed brick and entry awnings. Butler will also be activated by a new restaurant positioned on the
North West Corner of the building, providing life and activity on the previously utilitarian side street.

Site Control:

The site is owned by Wessman Holdings, LLC. There are no liens nor financing currently on the property.
The Property will be transferred to a holding LLC with the aforementioned members.

3. Financial Items:
Credit References:

East West Bank , Pasadena

Sanford Lau
415.315.2714

RABO Bank, Palm Springs

Paul Palmer
760.836.1225

Wells Fargo, Orange County

Mathew Rosan
760.834.6618

Accountant:

Tom Noce, CPA

555 S Sunrise Way, Suite 200
Palm Springs, CA 92264
760-325-1040

Financial Projections:
See attached Proformas based on the most recent STR report Comp-Set, comp set includes Peabody,
Madison Hotel, River Inn, Big Cypress Lodge, Westin Downtown. Expenses and restaurant projections
based on industry standards as well as historic similar properties performance.
Description of why PILOT is needed:
The restoration/adaption of former warehouse turned graduate-school and costs to assemble additional
land for the parking into an active hotel and multiple-restaurant facility is complex and expensive. The
current economic conditions in Memphis and the US make adaptive reuse projects difficult financially.
Without the PILOT tax incentives the ROI on the project is not sufficient to justify the project nor provide
an adequate ROI to investors. The tax incentive will make it possible to include the renovation of the full
block into an active mixed-use hotel, retail and restaurant complex for the City of Memphis to enjoy.
The Arrive Hotel complex will be a 24 hour activated space adding new life and locally oriented food and
beverage outlets. The ambitious project includes renovation of every inch of the 477 building including
replacing the North, West and South windows with historically accurate warehouse windows, site
improvements and enhanced lighting.

The project even with the PILOT will contribute $1.7 Million in property taxes over the next 15 years,
these payments would not have been made if the building had continued the use as a school. After the
expiration of the PILOT the project will be likely contributing over 600K a year in taxes, not to mention
employing over 150 Memphians, hundreds of thousands in sales taxes and expanding tourism to South
Main Street.

Due to the high costs of conversion and realities of the hospitality industry/location, if a PILOT is not
obtained for the project we would not be able to pursue the hotel plan. In that case the property will be
remain in its current use as office space (477 S Main) and warehousing (484 S Front St).

Loan or Proposed Financing for the project:

The project is planned to be internally financed through equity (50 %) and a loan from Mr. Wessman,
this decision is based on feedback from lenders based on the location

4. Project Timeline:
First Expenditure of funds: Funds have been used to acquire the site and hire consultants (see
Performa)

Commencement of Construction: Assuming PILOT approval, construction will start upon issuance of
building permits. Ideally April 1, 2017.

Project Completion: Montgomery Martin projects a 8-10 month construction timeline, thus a second
Quarter 2018.
Project Team:
Local Counsel:

Chad Wilgenbusch
Baker, Donelson, Bearman, Caldwell, Berkowitz, PC
165 Madison Ave, Suite 2000
Memphis, TN 38103
Direct: 901.577.8272
cwilgenbusch@bakerdonelson.com

General Counsel:

Diane Blasdel, esq

Blasdel Guinan Lawyers

120 W. Arenas, Second Floor (Physical Address), Palm Springs, CA 92262
P.O. Box 1747 (Mailing), Palm Springs, CA 92263
760-320-0111 Phone
760-320-0211 Fax
diane@bgdesertlaw.com
eric@bgdesertlaw.com
joyce@bgdesertlaw.com

Architects:

Chris Pardo & Steve Turley

Chris Pardo Design: Elemental Architecture
1555 S. Palm Canyon DR, Suite D202
Palm Springs, CA 92264
Mobile 206-351-6535
pardo@elementalarchitecture.com

Structural Engineer:

Chad Stewart PE, LEED AP

CSA Structures
9700 Village Circle Suite 300
Lakeland, TN 38002
901-260-7850
General Contractor:

Montgomery Martin
H. Montgomery Martin, CEO
Montgomery Martin Contractors
8245 Tournament Dr Suite 300
Memphis, TN 38125
901-378-9372

Items for Lease Preparation:

Lessee will be 477 Memphis Hotel, LLC
Parcel APN: 00210700002 & 00210700001
There will not be a subdivision nor a consolidation.

Disclosures: Wessman Development has never declared bankruptcy. Wessman Development is party to
various land-use litigations. Please see attached.

5. EBO:
The Development and construction team will exert best-faith efforts and is committed to achieving at
least 20% participation by woman and/or minority owned businesses (W/MBE) in the projects
Development cost.

As General Contractor, Montgomery Martin Contractors will procure construction subcontractors,

employing practices that have achieved and exceeded EBO participation goals on comparable projects:
- Research & identify trade-specific W/MBE subcontractors, including input from, local, state and federal
resources. In Particular the development and construction team will work with Memphis Area Minority
Contractors Association to identify prospective subcontractors.
- Conduct outreach to encourage W/MBE interest, including written notice to W/MBE firms.
- Invite W/MBE subcontractors to a pre-bid meeting at the project site to clarify scope and respond to
questions about the project.
- Identify certain work to be performed by W/MBE firms.
-Facilitate W/MBE participation through tactics such as breaking contracts into economically feasible
units.
- Provide W/MBE firms with timely plans, specifications and requirements for review & bid preparation.
- Invite qualified W/MBE subcontractors to provide competitive bids.
- Monitor and report W/MBE participation as required.
A detailed and quantified EBO plan will be presented after project bidding by Montgomery Martin,
LLC.
 6. Pilot Analysis
Pilot Grading
Primary Qualification
Hotel 51 to 100 rooms: 4 Years
Secondary Qualification
Retail 5,000 9,999 sf: 1 year
Total Project Development Cost
$15+ -20 Million: 4 years
Core & Historic
Renovation of a structure listed as significant or contributing in a national
Register or Memphis Landmarks Commission Historic District: 4 years

Community based Initiatives & Economically Distressed Areas

Fronting the Main to Main Multi-Modal Connector Route: 3 years

Design & Energy

Including Permanent public art: 1 year
Including enhanced architectural lighting: 1 year

Total 18 years (Max 15 Years) = 15 Years

This application is made in order to induce the Memphis Center City Revenue Finance Corporation
(CCRFC) to grant financial incentives to the applicant. The applicant hereby represents that all
statements contained herein are true and correct. All information materially significant to the CCRFC in
its consideration of the application is included. The applicant expressly consents to the CCRFCs
investigation of its credit in connection with this application. The applicant acknowledges that it has
reviewed the descriptions of the CCRFC financial program for which it is applying and agrees to comply
with those policies. The applicant shall also be required to show a good faith effort with regard to the
employment of M/WBE contractors. The applicant specifically agrees to pay all reasonable costs, fees
and expenses incurred by the CCRFC whether or not the incentive is granted or project completed.
This application is made in order to induce the Memphis Center City Revenue Finance
Corporation (CCRFC) to grant financial incentives to the applicant. The applicant hereby
represents that all statements contained herein are true and correct. All information materially
significant to the CCRFC in its consideration of the application is included. The applicant
expressly consents to the CCRFCs investigation of its credit in connection with this application.
The applicant acknowledges that it has reviewed the descriptions of the CCRFC financial
program for which it is applying and agrees to comply with those policies. The applicant shall
also be required to show a good faith effort with regard to the employment of M/WBE
contractors. The applicant specifically agrees to pay all reasonable costs, fees and expenses
incurred by the CCRFC whether or not the incentive is granted or project completed.

February 8, 2017

Signature

Christopher R Pardo
477 Memphis Hotel, LLC
Chris Pardo Design, LLC

Chris Pardo Design, LLC 1122 E Pike St #843 Seattle, WA 98122 ph. 206.351.6535
Initia
 Memphis - 477 Preliminary Budget
HotelRooms 62 $229,129.03
MainStreetRestaurant(MEMMEX)
ButlerAveRestaurant(LongshotGastropub)

SubTotal
Equity 477 Building Purchase $2,550,000.00
Equity 484 Parking Building Purchase $800,000.00
$3,350,000.00
Soft Costs
Equity Design/Entitlements $225,000.00 Architecture,MEP,Civil,Permits,ETC
Equity InteriorDesign $75,000.00
Equity ArriveTechnicalServicesFee $150,000.00
$450,000.00
Hard Costs
RestaurantsConstructionCost $675,000.00
HotelRemodelConstructionCosts $7,150,000.00
BuildingUtilility/TechInfastructure $278,000.00
ConstructionContingency $500,000.00

$8,603,000.00
FF&E
GuestRooms $889,000.00
Restaurant1(MEMMEX) $375,000.00
Restaurant2(Longshot) $350,000.00
Electronics/Technology $189,000.00
$1,803,000.00

Total $14,206,000.00 $14,206,000.00

WithoutPILOT
477HotelConstructionStartSummer2017/Opening4thQuarter2018Stabilized2021
PreparedbyMichaelBraun7606414046mbraun@wessmandevelopment.com
RoomCount 62 ProjectedCapitalStack
Equity1Developer $3,800,000.00
TotalProjectCosts $ 14,206,000.00 PerRoom Equity2a*Developer
PrefundedCosts $ 3,800,000.00 $ 61,290.32
Equity2bInvestor
CosttoFinish&Open $ 10,406,000.00 $167,838.71 Debt(loanfromWessman) $10,406,000.00
ProjectedTotalCost $ 14,206,000.00 $229,129.03 Equity3**Developer

Total $14,206,000.00
Total $ 14,206,000.00 $229,129.03 *FundedbyInvestor
**ManagementFeesconvertedtoContingency
MarchOpening
RoomRateForecast 2017 2019 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
AverageDailyRateperSTRReportCompSet $ 163.50 $ 171.68 $ 180.26 $186.57 $192.16 $197.93 $203.87 $209.98 $216.28 $222.77 $229.45 $236.34 $243.43 $250.73 $258.25
OccupancyperSTRReportCompSet 69% 70% 73% 73% 73% 73% 74% 74% 74% 74% 75% 75% 75% 75% 75%
RevPar $ $ 112.16 $ 120.17 $ 131.59 $136.19 $140.28 $144.49 $150.86 $155.39 $160.05 $164.85 $172.09 $177.25 $182.57 $188.05 $193.69
*OccupancyRate/ADR/REVPARbasedonSTRreportofcompetitiveset

RevenueProjectedOpening4thQTR2018 2019 2019 2019 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
RoomRevenue $ $2,114,323.46 $ 2,719,503.68 $2,977,856.52 $3,082,081.50 $3,174,543.95 $3,269,780.27 $3,414,008.93 $3,516,429.20 $3,621,922.07 $3,730,579.74 $3,894,422.76 $4,011,255.45 $4,131,593.11 $4,255,540.90 $4,383,207.13

Restaurant1(MEMMEX) $ $1,249,500.00 $ 1,500,000.00 $1,530,000.00 $1,560,600.00 $1,591,812.00 $1,623,648.24 $1,656,121.20 $1,689,243.63 $1,723,028.50 $1,757,489.07 $1,792,638.85 $1,828,491.63 $1,865,061.46 $1,902,362.69 $1,940,409.95
Restaurant2(LongshotBar) $ $874,650.00 $ 1,050,000.00 $1,071,000.00 $1,092,420.00 $1,114,268.40 $1,136,553.77 $1,159,284.84 $1,182,470.54 $1,206,119.95 $1,230,242.35 $1,254,847.20 $1,279,944.14 $1,305,543.02 $1,331,653.88 $1,358,286.96

TotalRevenue $ $4,238,473.46 $ 5,269,503.68 $5,578,856.52 $5,735,101.50 $5,880,624.35 $6,029,982.27 $6,229,414.98 $6,388,143.37 $6,551,070.53 $6,718,311.16 $6,941,908.81 $7,119,691.22 $7,302,197.60 $7,489,557.48 $7,681,904.04
DepartmentExpenses $ $2,290,544.44 $ 2,891,521.32 $2,978,266.96 $3,067,614.97 $3,159,643.42 $3,254,432.72 $3,352,065.71 $3,452,627.68 $3,556,206.51 $3,662,892.70 $3,772,779.48 $3,885,962.87 $4,002,541.75 $4,122,618.01 $4,246,296.55
AdminMaintenanceetc $ $932,464.16 $ 1,211,985.85 $1,236,225.56 $1,260,950.07 $1,286,169.07 $1,311,892.46 $1,338,130.31 $1,364,892.91 $1,392,190.77 $1,420,034.59 $1,448,435.28 $1,477,403.98 $1,506,952.06 $1,537,091.10 $1,567,832.93

PropertyTaxes $121,650.00 $254,983.00 $ 254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00 $254,983.00

Insurance $ 35,500.00 $142,060.00 $ 144,901.20 $147,799.22 $150,755.21 $153,770.31 $156,845.72 $159,982.63 $163,182.29 $166,445.93 $169,774.85 $173,170.35 $176,633.75 $180,166.43 $183,769.76 $187,445.15
ArriveManagementFeesandExpenses $ $105,961.84 $ 158,085.11 $195,259.98 $200,728.55 $205,821.85 $211,049.38 $218,029.52 $223,585.02 $229,287.47 $235,140.89 $242,966.81 $249,189.19 $255,576.92 $262,134.51 $268,866.64

FF&EReserves increasesfrom(2%4%) $ $84,769.47 $ 105,390.07 $223,154.26 $229,404.06 $235,224.97 $241,199.29 $249,176.60 $255,525.73 $262,042.82 $268,732.45 $277,676.35 $284,787.65 $292,087.90 $299,582.30 $307,276.16
TotalExpenses $157,150.00 $3,810,782.91 $ 4,766,866.55 $5,035,688.99 $5,164,435.87 $5,295,612.63 $5,430,402.57 $5,572,367.77 $5,714,796.63 $5,861,156.50 $6,011,558.47 $6,170,011.27 $6,328,960.45 $6,492,308.06 $6,660,178.68 $6,832,700.43
NetOperatingProfitafterReservesbeforeDebt $(157,150.00) $427,690.55 $ 502,637.12 $543,167.54 $570,665.64 $585,011.71 $599,579.70 $657,047.21 $673,346.74 $689,914.03 $706,752.68 $771,897.55 $790,730.77 $809,889.53 $829,378.80 $849,203.61
ReturnonInvestmentUnleveraged 1.1% 3.0% 3.5% 3.8% 4.0% 4.1% 4.2% 4.6% 4.7% 4.9% 5.0% 5.4% 5.6% 5.7% 5.8% 6.0%
ProjectedDebtServiceIn 4.50% $468,270.00 $ 468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00 $468,270.00
NetProfitafterDebtService $(157,150.00) $(40,579.45) $ 34,367.12 $74,897.54 $102,395.64 $116,741.71 $131,309.70 $188,777.21 $205,076.74 $221,644.03 $238,482.68 $303,627.55 $322,460.77 $341,619.53 $361,108.80 $380,933.61

1
WithPILOT
477HotelConstructionStartSummer2017/Opening4thQuarter2018Stabilized2021
PreparedbyMichaelBraun7606414046mbraun@wessmandevelopment.com
RoomCount 62 ProjectedCapitalStack
Equity1Developer $3,800,000.00
TotalProjectCosts $ 14,206,000.00 PerRoom Equity2a*Developer
PrefundedCosts $ 3,800,000.00 $ 61,290.32
Equity2bInvestor
CosttoFinish&Open $ 10,406,000.00 $167,838.71 Debt(loanfromWessman) $10,619,090.00
ProjectedTotalCost $ 14,206,000.00 $229,129.03 Equity3**Developer
PilotFEE $ 213,090.00
Total $14,419,090.00
Total $ 14,419,090.00 $232,565.97 *FundedbyInvestor
**ManagementFeesconvertedtoContingency
MarchOpening
RoomRateForecast 2017 2019 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
AverageDailyRateperSTRReportCompSet $ 163.50 $ 171.68 $ 180.26 $186.57 $192.16 $197.93 $203.87 $209.98 $216.28 $222.77 $229.45 $236.34 $243.43 $250.73 $258.25
OccupancyperSTRReportCompSet 69% 70% 73% 73% 73% 73% 74% 74% 74% 74% 75% 75% 75% 75% 75%
RevPar $ $ 112.16 $ 120.17 $ 131.59 $136.19 $140.28 $144.49 $150.86 $155.39 $160.05 $164.85 $172.09 $177.25 $182.57 $188.05 $193.69
*OccupancyRate/ADR/REVPARbasedonSTRreportofcompetitiveset

RevenueProjectedOpening4thQTR2018 2019 2019 2019 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
RoomRevenue $ $2,114,323.46 $ 2,719,503.68 $2,977,856.52 $3,082,081.50 $3,174,543.95 $3,269,780.27 $3,414,008.93 $3,516,429.20 $3,621,922.07 $3,730,579.74 $3,894,422.76 $4,011,255.45 $4,131,593.11 $4,255,540.90 $4,383,207.13

Restaurant1(MEMMEX) $ $1,249,500.00 $ 1,500,000.00 $1,530,000.00 $1,560,600.00 $1,591,812.00 $1,623,648.24 $1,656,121.20 $1,689,243.63 $1,723,028.50 $1,757,489.07 $1,792,638.85 $1,828,491.63 $1,865,061.46 $1,902,362.69 $1,940,409.95
Restaurant2(LongshotBar) $ $874,650.00 $ 1,050,000.00 $1,071,000.00 $1,092,420.00 $1,114,268.40 $1,136,553.77 $1,159,284.84 $1,182,470.54 $1,206,119.95 $1,230,242.35 $1,254,847.20 $1,279,944.14 $1,305,543.02 $1,331,653.88 $1,358,286.96

TotalRevenue $ $4,238,473.46 $ 5,269,503.68 $5,578,856.52 $5,735,101.50 $5,880,624.35 $6,029,982.27 $6,229,414.98 $6,388,143.37 $6,551,070.53 $6,718,311.16 $6,941,908.81 $7,119,691.22 $7,302,197.60 $7,489,557.48 $7,681,904.04
DepartmentExpenses $ $2,290,544.44 $ 2,891,521.32 $2,978,266.96 $3,067,614.97 $3,159,643.42 $3,254,432.72 $3,352,065.71 $3,452,627.68 $3,556,206.51 $3,662,892.70 $3,772,779.48 $3,885,962.87 $4,002,541.75 $4,122,618.01 $4,246,296.55
AdminMaintenanceetc $ $932,464.16 $ 1,211,985.85 $1,236,225.56 $1,260,950.07 $1,286,169.07 $1,311,892.46 $1,338,130.31 $1,364,892.91 $1,392,190.77 $1,420,034.59 $1,448,435.28 $1,477,403.98 $1,506,952.06 $1,537,091.10 $1,567,832.93

PropertyTaxes $121,650.00 $154,984.00 $ 154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00 $154,984.00

Insurance $ 35,500.00 $142,060.00 $ 144,901.20 $147,799.22 $150,755.21 $153,770.31 $156,845.72 $159,982.63 $163,182.29 $166,445.93 $169,774.85 $173,170.35 $176,633.75 $180,166.43 $183,769.76 $187,445.15
ArriveManagementFeesandExpenses $ $105,961.84 $ 158,085.11 $195,259.98 $200,728.55 $205,821.85 $211,049.38 $218,029.52 $223,585.02 $229,287.47 $235,140.89 $242,966.81 $249,189.19 $255,576.92 $262,134.51 $268,866.64

FF&EReserves increasesfrom(2%4%) $ $84,769.47 $ 105,390.07 $223,154.26 $229,404.06 $235,224.97 $241,199.29 $249,176.60 $255,525.73 $262,042.82 $268,732.45 $277,676.35 $284,787.65 $292,087.90 $299,582.30 $307,276.16
TotalExpenses $157,150.00 $3,710,783.91 $ 4,666,867.55 $4,935,689.99 $5,064,436.87 $5,195,613.63 $5,330,403.57 $5,472,368.77 $5,614,797.63 $5,761,157.50 $5,911,559.47 $6,070,012.27 $6,228,961.45 $6,392,309.06 $6,560,179.68 $6,732,701.43
NetOperatingProfitafterReservesbeforeDebt $(157,150.00) $527,689.55 $ 602,636.12 $643,166.54 $670,664.64 $685,010.71 $699,578.70 $757,046.21 $773,345.74 $789,913.03 $806,751.68 $871,896.55 $890,729.77 $909,888.53 $929,377.80 $949,202.61
ReturnonInvestmentUnleveraged 1.1% 3.7% 4.2% 4.5% 4.7% 4.8% 4.9% 5.3% 5.4% 5.5% 5.6% 6.0% 6.2% 6.3% 6.4% 6.6%
ProjectedDebtServiceIn 4.50% $477,859.05 $ 477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05 $477,859.05
NetProfitafterDebtService $(157,150.00) $49,830.50 $ 124,777.07 $165,307.49 $192,805.59 $207,151.66 $221,719.65 $279,187.16 $295,486.69 $312,053.98 $328,892.63 $394,037.50 $412,870.72 $432,029.48 $451,518.75 $471,343.56

1
 E.
NE
TT
LE
TO 121 Prefontaine Pl. S.
N Seattle WA 98104
AV [206] 329-1654
E. 1555 S. Palm Canyon Drive
Suite D 202
Palm Springs, CA

elementalarchitecture.com

These drawings were prepared

exclusively for the project listed below.
They are not intended for use on any
other project.
Stated drawing scale is based on 36x24 sheet.

T.
AIN S
477 South
Main

S. M
Memphis, Tennesse
T
ON
FR
S.

E. BUTLER AVE. APN# 000-000-000

E.
NE
TT
LE
T

TO
ON

N
AV

3'-0"
FR

E.
S.

UP
IN ST
S. M A

STAIR 2
E. BUTLER AVE.
DN
500' RADIUS

477 SOUTH MAIN STREET

TROLLEY STOP (TYP.)

22'-6"

49'-6"
E. BUTLER AVE.

HOST

KITCHEN RESTAURANT

SCHEMATIC
OUTDOOR SEATING
ELEV.

DESIGN
UP DISH ROOM BAR

STAIR 1 STORAGE

TROLLEY STOP (TYP.)

170'-101 4"

VICINITY MAP REVISIONS

SCALE: 1:150 0' 1' 3' 5' 10' 15' 30'

No. Date Description

E. BUTLER AVE.

Site Plan

DATE 09.19.16

SITE PLAN
SCALE: 1/16"=1'-0" 0' 1' 3' 5' 10' 15' 30'
NOT FOR CONSTRUCTION A1.0
SHEET
1 2 3 3.8 4 5 6 7 8 9 10 11 12
13'-63 4" 15'-4" 13'-43 4" 2'-8" 16'-0" 16'-0" 15'-1112" 16'-012" 15'-10" 16'-0" 16'-0" 16'-212"

A
UP 121 Prefontaine Pl. S.
Seattle WA 98104
[206] 329-1654
SINK

16'-7"
STAIR 2 1555 S. Palm Canyon Drive
LINEN
Suite D 202
Palm Springs, CA
LOBBY
elementalarchitecture.com

B These drawings were prepared

exclusively for the project listed below.
They are not intended for use on any
other project.
Stated drawing scale is based on 36x24 sheet.
TRASH/ LOADING

16'-5"
C
FRONT DESK
KITCHEN PREP BOH
ELEV. KITCHEN WALKINS

16'-6"
UP 477 South
STAIR 1 Main
Memphis, Tennesse
D
APN# 000-000-000

BASEMENT LEVEL
SCALE: 1/8"=1'-0" 0' 1' 3' 5' 10' 15' 30'

SCHEMATIC
DESIGN
1 2 3 3.8 4 5 6 7 8 9 10 11 12
13'-63 4" 15'-4" 13'-43 4" 2'-8" 16'-0" 16'-0" 15'-1112" 16'-012" 15'-10" 16'-0" 16'-0" 16'-212"

A
UP

16'-7"
STAIR 2
REVISIONS
DN
No. Date Description

16'-5"
HOST

C
KITCHEN
OUTDOOR SEATING
ELEV.

16'-6"
UP DISH ROOM BAR

STAIR 1 STORAGE

D
Floor Plans

DATE 09.19.16

GROUND LEVEL
SCALE: 1/8"=1'-0" 0' 1' 3' 5' 10' 15' 30'

NOT FOR CONSTRUCTION A2.0

SHEET
1 2 3 3.8 4 5 6 7 8 9 10 11 12
13'-63 4" 15'-4" 13'-43 4" 2'-8" 16'-0" 16'-0" 15'-111 2" 16'-01 2" 15'-10" 16'-0" 16'-0" 16'-21 2"

A
UP
LINEN 121 Prefontaine Pl. S.
Seattle WA 98104

16'-7"
STAIR 2 [206] 329-1654
1555 S. Palm Canyon Drive
DN Suite D 202
Palm Springs, CA

B elementalarchitecture.com

These drawings were prepared

exclusively for the project listed below.
They are not intended for use on any
other project.
Stated drawing scale is based on 36x24 sheet.

16'-5"
C

MECH ELEV.
GYM

16'-6"
UP
STAIR 1 477 South
DN Main
Memphis, Tennesse
D
APN# 000-000-000

SECOND LEVEL
SCALE: 1/8"=1'-0" 0' 1' 3' 5' 10' 15' 30'

SCHEMATIC
DESIGN
1 2 3 3.8 4 5 6 7 8 9 10 11 12
13'-63 4" 15'-4" 13'-43 4" 2'-8" 16'-0" 16'-0" 15'-111 2" 16'-012" 15'-10" 16'-0" 16'-0" 16'-212"

A
UP
LINEN

16'-7"
STAIR 2

DN REVISIONS
No. Date Description
B

16'-5"
C

MECH ELEV.

16'-6"
UP
STAIR 1
DN

D
Floor Plans

DATE 09.19.16

THIRD LEVEL
SCALE: 1/8"=1'-0" 0' 1' 3' 5' 10' 15' 30'
NOT FOR CONSTRUCTION A2.1
SHEET
1 2 3 3.8 4 5 6 7 8 9 10 11 12
13'-63 4" 15'-4" 13'-43 4" 2'-8" 16'-0" 16'-0" 15'-111 2" 16'-01 2" 15'-10" 16'-0" 16'-0" 16'-21 2"

A
UP
LINEN 121 Prefontaine Pl. S.
Seattle WA 98104

16'-7"
STAIR 2 [206] 329-1654
1555 S. Palm Canyon Drive
Suite D 202
DN
Palm Springs, CA

elementalarchitecture.com
B
These drawings were prepared
exclusively for the project listed below.
They are not intended for use on any
other project.
Stated drawing scale is based on 36x24 sheet.

16'-5"
C

MECH ELEV.

16'-6"
UP
STAIR 1 477 South
DN Main
Memphis, Tennesse
D
APN# 000-000-000

FOURTH LEVEL
SCALE: 1/8"=1'-0" 0' 1' 3' 5' 10' 15' 30'

SCHEMATIC
1 2 3 3.8 4 5 6 7 8 9 10 11 12

DESIGN
13'-63 4" 15'-4" 13'-43 4" 2'-8" 16'-0" 16'-0" 15'-111 2" 16'-01 2" 15'-10" 16'-0" 16'-0" 16'-21 2"

A
UP
LINEN

16'-7"
STAIR 2

DN
REVISIONS
No. Date Description
B

16'-5"
C

MECH ELEV.

16'-6"
UP
STAIR 1
DN

D
Floor Plans

DATE 09.19.16

FIFTH LEVEL
SCALE: 1/8"=1'-0" 0' 1' 3' 5' 10' 15' 30'

NOT FOR CONSTRUCTION A2.2

SHEET
 Roof
156' - 8"

5th Floor 121 Prefontaine Pl. S.

146' - 5" Seattle WA 98104
[206] 329-1654
1555 S. Palm Canyon Drive
Suite D 202
Palm Springs, CA

elementalarchitecture.com
4th Floor
135' - 10"
These drawings were prepared
exclusively for the project listed below.
They are not intended for use on any
other project.
Stated drawing scale is based on 36x24 sheet.

3rd Floor
125' - 3"

2nd Floor
114' - 8"

477 South
Main
Memphis, Tennesse

1st Floor APN# 000-000-000

100' - 0"

Basement
EAST ELEVATION NORTH ELEVATION 89' - 9 1/2"
2 1/8" = 1'-0"
1 1/8" = 1'-0"

SCHEMATIC
DESIGN
Roof
156' - 8"

5th Floor
146' - 5"

4th Floor
135' - 10" REVISIONS
No. Date Description

3rd Floor
125' - 3"

ADJACENT BUILDING 2nd Floor

114' - 8"

1st Floor
100' - 0"

Elevations

Basement DATE 09.19.16

89' - 9 1/2"
SOUTH ELEVATION
3

A3.0
1/8" = 1'-0"

NOT FOR CONSTRUCTION

SHEET
 121 Prefontaine Pl. S.
Seattle WA 98104
[206] 329-1654
1555 S. Palm Canyon Drive
Suite D 202
Palm Springs, CA

elementalarchitecture.com

Chris Pardo Design, LLC 2016

These drawings were prepared
exclusively for the project listed below.
They are not intended for use on any
other project.
Stated drawing scale is based on 36x24 sheet.

477 South
Main
Memphis, Tennesse

APN# 000-000-000

SCHEMATIC
DESIGN
REVISIONS
No. Date Description

Renders

DATE 09.19.16

NOT FOR CONSTRUCTION R1.0

SHEET

 BUILT FOR THE
ARRIVE Hotels & Restaurants build for the neighborhood, creating hotels and

NEIGHBORHOOD restaurants that serve as a crossroads for locals and travelers celebrating

the surrounding style, food, drinks and culture. ARRIVE aspires to be the

hotel locals immediately recommend to their friends; to be a go-to food

and beverage destination for locals and visitors alike; and to be the

instinctual option for social travelers who want the quintessential

experience of the neighborhood theyre visiting.

ARRIVE HOTELS

2
 THE ARRIVE
"ARRIVE IS A CUTTING EDGE HOTEL

W I T H C H E C K I N AT T H E B A R &

EXPERIENCE
C O M M U N I C AT I O N S W I T H

C O N C I E R G E A L L D O N E B Y T E X T.

I M E A N W H O WA N T S T O P I C K U P T H E
The ARRIVE
PHONE AND BE PUT ON HOLD WHEN
experience is rooted
MAKING A REQUEST? NOT ME!
in the following values:
GINE E.
T R I PA D V I S O R , 5 . 9 . 1 6

BUILT FOR THE Each ARRIVE reflects the look, feel, tastes and lifestyle of its
NEIGHBORHOOD: neighborhood. Each property boasts distinctive design and

CELEBRATE, architecture that complements and honors its surroundings, with

AND BE CELEBRATED BY, the aim of earning a position as a locally-celebrated landmark.
THE NEIGHBORS.

COMFORT ABOVE ARRIVE never loses sight of the need to provide guests with a

ALL ELSE: comfortable place to sleep, shower, rest and recharge. The bed

and other furniture are cozy and functional, the room technology
YOUR BED, YOUR SHOWER
is simple and straightforward, and everything from the lighting,
AND EVERYTHING ABOUT YOUR
ARRIVE HOTELS

to the window shades, to the bathroom fixtures, to the electrical

DIGS CONSPIRE TO KEEP
outlets is intuitive and accommodating.
YOU IN YOUR ROOM.

3
 A F T E R L E AV I N G T H E A R R I V E , W H I L E D R I V I N G T H R O U G H T H E

D E S E R T PA S T A F O R E S T O F W I N D T U R B I N E S , I R E A L I Z E D T H AT

I D F O R G O T T E N T O G E T A R E C E I P T. I S T O P P E D A N D T E X T E D

T H E H O T E L A N O T E A S K I N G T H E M T O F O R W A R D A C O P Y. A

M O M E N T L AT E R , T H E R E C E I P T A P P E A R E D I N M Y E M A I L I N B O X ,

A L O N G W I T H A T E X T T H A N K I N G M E F O R M Y S T AY. I T H O U G H T

OF SOMETHING MR. CALLAHAN SAID EARLIER. THE GOAL IS

TO MAKE A BETTER GUEST EXPERIENCE, HE SAID. TECHNOLOGY

I S A T O O L T O T H A T E N D ; I T I S N O T A N E N D U N T O I T S E L F.

W S J , A R E H I G H - T E C H H O T E L S A L L U R I N G O R A L I E N AT I N G
4.28.16
THE ARRIVE EXPERIENCE

TREAT GUESTS ARRIVE provides guests everything they need in the easiest way possible and without

LIKE GUESTS: obnoxious charges and mark-ups. ARRIVE nails the little things that leave a lasting impression:
HOTEL SERVICES
Streamlined check-in without unnecessary formality, pitches or delays. Hotel services via text
SERVICE THATS GROUNDED
message or in person at the bar. Free, fast WiFi. Cheap minibars with complimentary water.
IN THOUGHTFULNESS,
CONVENIENCE AND VALUE. Honest and thorough recommendations on where to eat, what to do, whats worth seeing.
::

NEVER JUST BECAUSE:

ARRIVE HOTELS

Nothing is done at ARRIVE just because thats the way its always been done. ARRIVE

SERVICE, TECHNOLOGY AND embraces technology that enhances convenience and efficiency, but avoids adopting technology
VIA
TEXT
IN PERSON
AT T H E

DESIGNS CONSTANTLY EVOLVE just for technologys sake. There is never hesitation to experiment and iterate on every facet of
MESSAGE BAR

TO PERFECT WHATS POSSIBLE AT the hotels operations and services to find new and better ways to serve guests.
AND FROM A HOTEL.

4
 A STAFF OF EMPOWERED, ARRIVE builds a world-class staff by empowering its employees and

FLEXIBLE PARTNERS: treating them as partners. ARRIVE employees are cross-trained in

multiple areas of the hotel, from front-desk operations to bartending,

CROSS-TRAINED STAFF
allowing each employee to provide guest services across multiple
MEMBERS WHO KNOW NO JOB
disciplines and providing
IS NOT THEIR JOB.
them with opportunities for

professional growth.

I T R AV E L F O R A L I V I N G A N D A B S O L U T E L Y H A T E

H O T E L S B U T A R R I V E M E T A L L O F M Y E X P E C TAT I O N S

A N D D I D N ' T F E E L L I K E A H O T E L AT A L L ! !
THE ARRIVE EXPERIENCE

A R E C O M M E N D F O R T H E B U S Y T R AV E L E R W H O I S

T I R E D O F T H E S TA N D A R D H O T E L O P T I O N A N D A

G R E AT P L A C E T O R E L A X !

CHRISTINA K.
T R I PA D V I S O R
6.6.16
::
ARRIVE HOTELS

5
 WHERE WE ARE,
WHERE WERE GOING
PALM SPRINGS
ARRIVE premiered in Palm fly-roofed, open-air building serving up artisanal ice creams

Springs in early 2016. The that serves as the primary and frozen delights to cool off

new-construction 32-room hotel frontage of the hotel and which in the desert heat along with a

features a stunning design by opens into the central pool and unique array of gifts and curios.

ARRIVEs Chris Pardo that honors courtyard area. ARRIVE... THE

the midcentury modern legacy ARRIVE Palm Springs was

NEAR-PERFECT
that defines Palm Springs The rooms are filled with natural awarded the prestigious Gold
EXISTING AND FUTURE DEVELOPMENTS

BOUTIQUE
architecture. The layout centers light by clerestory windows that Nugget Grand Prize for Best

on the pool and courtyard run the lengths of each side, Commercial Project (under HOTEL. I AM

area that captures the social,
sun-worshipping style of the city
with private poolside cabanas,
communal fire pits, a bocce court
and games area.
providing every room with 20,000 sq. ft.) in the Western
DREAMING OF A
stunning views of the nearby US by PCBC.
RETURN!
San Jacinto Mountains. Simple
TA M I H .
furniture in each uniquely-
Y E L P, 6 . 1 7 . 1 6
appointed room completes the

modernist setting. Half the rooms FIRST GROUND UP

The property is anchored by feature spacious patios with
CONSTRUCTION
Reservoir, offering diners private fireplaces and seating.
::

modern Southern California FULL SERVICE HOTEL

ARRIVE HOTELS

cuisine with the unique Asian The property also boasts

and Latin influences that drive Customs Coffee, which features

TO BE OPENED IN
much of the regions culinary local small-production roaster
PALM SPRINGS
culture. The restaurant and bar is Joshua Tree Coffee Company,

housed in a dramatic butter- and Ice Cream Shop(pe), IN 28 YEARS.

EAST AUSTIN locals and travelers. The property will boast a

90-seat outdoor bar and restaurant positioned

ARRIVE East Austin, currently under
as a Mexican beer garden, with a sizable
construction, is an 83-room hotel that will
beer program and a focus on grilled meats
include two full service restaurants, a coffee
EXISTING AND FUTURE DEVELOPMENTS

and backyard classics. The primary frontage

shop and an additional retail outlet. The hotel,
of the property will feature a 150-seat
opening summer 2018, is located in the
restaurant with a cajun/Southern focus and
emerging East Austin neighborhood adjacent to
a bar program centered on craft cocktails
downtown, which is quickly transforming into
and New Orleans classics. The property will
one of Austins most significant destination for
also feature an outdoor mezzanine courtyard

attached to a 1,000 square foot meeting space.

83
ROOM HOTEL

2
::
ARRIVE HOTELS

F U L L S E RV I C E R E S TA U R A N T S

COFFEE SHOP
1
1
R E TA I L O U T L E T

7
 MEMPHIS
ARRIVE Memphis will mark the attractions. The property features
EXISTING AND FUTURE DEVELOPMENTS

renovation and re-envisioning of a Longshot, a 120-seat gastropub and

1916 warehouse in the South Main music venue offering locally-brewed

Street Arts District, the epicenter beers, craft cocktails and modern

of the revitalization and growth of comfort food. On Main Street guests

Downtown Memphis. The hotel will be greeted at an upscale 98-seat

consists of 62 industrial-inspired restaurant focused on Mexican food

rooms, two full-service restaurants with a Southern twist, emphasizing

and over 1,000 square feet of meet- fresh and locally-sourced ingredients

ing space. Located along the Main and an exotic bar program. ARRIVE

Street trolley line across from the Memphis will open in early 2018.
::

National Civil Rights Museum,

ARRIVE HOTELS

ARRIVE Memphis will be a launch

point for visitors to explore the

surrounding area and downtown

8

EXISTING AND FUTURE DEVELOPMENTS

LOS ANGELES tion to the Arts District. The propertys ground floor

will be home to the first brick and mortar outlet of

ARRIVE DTLA, slated to break ground in Q3 2017,
Guerrilla Tacos (http://www.guerrillatacos.com), one of
involves the rehab of a small, 100-year-old brick
LAs most renowned food trucks and a regular on
::

building in the surging Arts District neighborhood,

critics lists of LAs best restaurants. The restaurant
ARRIVE HOTELS

which has fast become an epicenter in LAs design,

will also encompass the propertys unique and
culinary and nightlife scenes. The micro-hotel,
enticing backyard area, making it an immediate
which will be the neighborhoods first hotel of any
dining destination across the entire city.
kind, will consist of four loft-style rooms modeled

after the warehouse artist lofts that first drew atten-

9
 R E S TA U R A N T S F O R
THE NEIGHBORHOOD

"LOVE LOVE LOVE

THIS PLACE. AS A

LOCAL THIS IS OUR

OUR FOOD & BEVERAGE BRANDS

Located at ARRIVE Palm Springs, Reservoir offers an approachable,

ESCAPE FROM
vibrant take on modern Southern California cuisine with its unique
REALITY
Latin and Asian influences. The restaurant features a poolside bar

and outdoor lounge seating around two large fire pits. Reservoir L . M , Y E L P, 1 1 . 1 6

offers breakfast, brunch, lunch and dinner 365 days a year, with an

extensive list of craft cocktails, beers and wines.

R E S E R V O I R N A M E D PA L M S P R I N G S
::

B E S T N E W R E S TA U R A N T I N 2 0 1 6
ARRIVE HOTELS

BY THE DESERT SUN.

10
OUR FOOD & BEVERAGE BRANDS

"DRAUGHTSMAN LOCKS DOWN THE

::

Draughtsman, located adjacent to ARRIVE Palm Springs, delivers casual, hand-crafted

PAT I O V I B E S I N PA L M S P R I N G S
ARRIVE HOTELS

style, flavor and fun in a space that pays homage to Palm Springs rich architectural history.
E AT E R L A , 1 2 . 1 6 Draughtsman offers an elevated menu of modern comfort and pub classics like Short Rib

Poutine, Beer Battered Fish n Chips and Chicken Pot Pie. A focus on Palm Springs and

Southern Californias expanding craft brewery scenes will ensure that beer lovers will always

find something new, interesting, and delicious.

11
 G R E AT C O F F E E ,

F R I E N D LY B A R I S TA ,

FA S T W I F I ,

GOOD VIBES.

A D R I A N P. Y E L P
OUR FOOD & BEVERAGE BRANDS

Customs Coffee is coffee from the

neighborhood, for the neighborhood.

Customs proudly serve roasts from

our friends at Joshua Tree Coffee

Company in an intimate bright and

::

active environment.
ARRIVE HOTELS

12
 CO-FOUNDER
PROFILES

CHRIS PARDO PETER KARPINSKI EZRA CALLAHAN MATTHEW STEINBERG

CO-FOUNDER CO-FOUNDER CO-FOUNDER CO-FOUNDER & CEO

Pardo, an Honors graduate of the Karpinski has served in leadership Callahan previously served as the Steinberg graduated from Stanford

UNLV Hotel & Restaurant Management roles at Four Season Hotels & Resorts, sixth employee and first product with a degree in International

program, served in various management Caesars Entertainment, and Starr manager at Facebook. Following Relations. He received a Masters

positions with Four Seasons in New York Restaurant Organization. Karpinski his departure from Facebook, he from the Fletcher School at Tufts before

and Beverly Hills. He then attended the has also worked for over a decade co-founded Artist & Recreation, a returning to Palo Alto to earn a J.D.

Univ. of Washington Architecture M.A. as a Partner of Sage Hospitality, Los Angeles-based real estate and at Stanford Law School. Before

program and launched the architecture where he co-founded Sage Restaurant hospitality group, which redeveloped co-founding Artist & Recreation, a

firm Elemental Architecture. Pardo has Group, as well as developed multiple the Regent Theater in downtown Los Los Angeles-based real estate and

also created and opened a variety of nationally recognized lifestyle hotel Angeles into a 1,000-capacity live hospitality group., Steinberg was an

restaurant, bar and entertainment brands. He is a graduate of Cornells music venue. In June 2016, Callahan attorney at Munger, Tolles & Olson in
ARRIVE HOTELS

venues, including Bootlegger Tiki and School of Hotel Administration. was named one of LE Magazines Los Angeles, focusing on corporate

Ernest Coffee in Palm Springs. Five Rebels with Cause You Need and real estate litigation.

to Know. Callahan is a graduate of

Stanford University.

13
 TEAM

CHRIS PUTNAM KURT ENGLUND DAVID C. FERRIER CHANTEL PAE

P R I N C I PA L & C T O M A N A G I N G P R I N C I PA L D I R E C T O R O F R E S TA U R A N T S MARKETING MANAGER

Putnam was one of Facebooks first Englund comes to ARRIVE after over Ferrier has over sixteen years of Pae has over six years of experience

engineers - and its youngest, at 19 - two years as a General Manager at experience in the Food and Beverage focusing on social media strategy

after notoriously hacking the site in Kessler Collection properties in Orlando Hospitality industry and has worked and marketing ranging from brands

2005. Putnam developed a number of and Savannah, Georgia. He spent 18 in two of New York Citys leading, to agencies. She spent several years

Facebooks early features, including years with Four Seasons Hotels and multi- concept restaurant groups (BR working with WICKED+ and Black-

Facebook Video. After leaving Resorts, where he served as Hotel Guest and STARR Restaurants). Prior house HospitalityAbigaile, Little Sister,

Facebook, he shifted his focus to Manager at Four Seasons properties in to joining ARRIVE, his last two years Da de Campo and Wildcraftprior to

angel investing, real estate and travel. Punta Mita, Mexico, Toronto, Whistler, were spent as Director of New Property ARRIVE. Her excitement to authentically

Putnam oversees ARRIVEs guest-facing and Costa Rica. Openings Training and Task Force GM grow brands has no end, and wearing

and back office technology. with BR Guest. Ferrier has also served many hats is her specialty.
ARRIVE HOTELS

as General Manager of two of Time

Squares highest volume properties, the

last of which was BLUE FIN.

14
 PRESS

THE HOTEL OF
THE FUTURE.

WHERE TO
GO NOW IN
PA L M S P R I N G S

HOW ONE NEW

PA L M S P R I N G S H O T E L
ARRIVE HOTELS

REDEFINED RUSTIC-CHIC

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