Grace Inn South 51 st Street Phoenix AZ 85044

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1 Assisted/Independent Senior Living Facility Opportunity South 51 st Street Phoenix AZ GCIC PO Box 1549 Cave Creek, AZ (480) Fax (480)

2 To Whom It May Concern: My father, Bill Grace, founded W.M. Grace Companies in 1967, opening a 1,200 square foot office on North Central in the booming city of. At this point in his life, he was committed to establishing himself as a developer and contractor of commercial real estate. In the years that followed, he built his company into a large regional conglomerate of shopping centers, hotels and casino interests that spread throughout five states. His work ethic and sense of value helped shape his company through the prosperous times and heartbreaking economic contractions that this market has to offer. In 2004 Bill Grace passed on, followed by his wife of 30 years. With three grown children left to run the company, changes had to be made to accommodate their varied personalities and their career desires. These actions are going to create value and opportunity. The is just such an opportunity. From the large room footprint to the expansive conference facility, this project has value to future owners. With a central location and its numerous improvements on a large county lot, this project has a lot to offer for a small price. Please take the time to review this package and feel free to contact my office with any questions. Yours Truly, Matt Grace Matt Grace

3 EXTERIOR PHOTOGRAPHS Entrance Courtyard Pool (3 to 6 Feet) Page 3

4 PROPERTY OVERVIEW is conveniently located in the Ahwatukee area of and just minutes from Sky Harbor International Airport. With the hotel s spacious accommodations and excellent amenities, the is an ideal opportunity to convert into a retirement or assisted living facility. Residents can enjoy the Southwest ambiance of the lush courtyard and Spanish fountains. The amenities include a full service restaurant, cocktail lounge, dry cleaning, gift shop, outdoor heated pool with hydro spa and salon/day spa. Six floors with 160 suites 145 rooms at 350 square feet 8-1 bedroom suites (700 square feet) square suites 1-1,050 square feet suite Included in the above room count are 22 pair of connecting rooms All rooms have patios and pool or mountain views Plaza level is a secured floor with 25 rooms Outdoor heated pool and whirlpool Shuffle board Dining located within hotel Salon and spa located within hotel Over 10,000 square feet of multi-purpose space Outdoor tent area for events The following attractions are located within a short distance from the : Arizona Mills Mall Casinos Chandler Fashion Center The Phoenix Zoo Phoenix Downtown Theaters and Civic Plaza Old Town Scottsdale The is also serviced by several major medical facilities such as St. Lukes Medical Center and Scottsdale Healthcare. Page 4

5 MULTI-PURPOSE SPACE 10,000 + Square Feet Page 5

6 MULTI-PURPOSE SPACE Page 6

7 LOCATION GRACE INN SOUTH 51ST STREET PHOENIX, AZ GRACE INN Page 7

8 LOCATION - cont. GRACE INN SOUTH 51ST STREET PHOENIX, AZ Page 8

9 LOCATION cont. Phoenix is the capital and largest city of the U.S. state of Arizona, as well as the fifth most populated city in the United States. Phoenix is home to approximately 1.5 million people, and is the anchor of the Phoenix metropolitan area (also known as the Valley of the Sun), the 12 th largest metro area by population in the United States with nearly 4.3 million people. In addition, Phoenix is the county seat of Maricopa County, and is one of the largest cities in the United States by land area. Phoenix was incorporated as a city in 1881 after being founded in 1868 near the Salt River, near its confluence with the Gila River. The city eventually became a major transportation hub in North America and a main transportation, financial, industrial, cultural and economic center of the Southwestern United States. The city has a notable and famous political culture and has been home to numerous influential American politicians and other dignitaries, including Barry Goldwater, William Rehnquist, John McCain, Janet Napolitano, Carl Hayden, and Sandra Day O Connor. Residents of the city are known as Phoenicians. Ahwatukee (formally Ahwatukee Foothills Village ) was annexed by the city of Phoenix between 1978 and 1987, and is an affluent L-shaped neighborhood of Phoenix, bordered on the north by South Mountain Park and Baseline Road, on the east by Interstate 10 and the cities of Chandler, Guadalupe, and Tempe, and on the south and west by the Gila River Indian Community. It is the southernmost of the city s 15 urban villages. As of 2000, the 35.8 square-mile village has a population of 85,000. Ahwatukee with its proximity to South Mountain Park, a Phoenix city park, has numerous outdoor activity opportunities. Cycling, hiking, baseball and soccer are common activities. Hiking in the Ahwatukee area is a popular activity in and around South Mountain Park. Ahwatukee is also a destination for road cyclists and mountain bikers, as well as golfers, with four golf courses located within the community. Page 9

10 SENIOR SERVICES IN THE AREA Senior Services Located near the A/B - Ahwatukee Adult Care C - Home Helpers D - HomeWatch Caregivers E - Ahwatukee Senior Services F - Donnie s Assisted Living, LLC G - Desert Foothills Assisted Living H - Assisted Living by Sholt Page 10

11 PROPERTY PHOTOGRAPHS Front Desk Lobby Lobby Page 11

12 PROPERTY PHOTOGRAPHS - cont. Full Service Restaurant Buffet Page 12

13 PROPERTY PHOTOGRAPHS - cont. Kitchen The s kitchen consists of all stainless steel, NSF approved equipment Segregated cooking areas Capable of serving large groups All equipment is in fair/good and operating condition Page 13

14 PROPERTY PHOTOGRAPHS - cont. Kitchen Page 14

15 PROPERTY PHOTOGRAPHS - cont. Kitchen Page 15

16 PROPERTY PHOTOGRAPHS - cont. Lounge Page 16

17 PROPERTY PHOTOGRAPHS - cont. Laundry / Dry Cleaning Full service housekeeping facility Page 17

18 SIGN/MARQUEE The has a large free standing marquee sign on Elliot and I-10 which has exposure to over 100,000 cars per day. The sign features a menu board which allows to advertise events or specials. Page 18

19 SITE PLAN Restaurant, Kitchen, Bar Convention Center Page 19

20 Hotel Price: $7,250,000 Terms: Cash (Cost Per Unit: $45,312.50) Contact Information Matt Grace Phone: (480) Fax: (480) Designated Broker: William Flickinger Phone: (602) PO Box 1549 Cave Creek, AZ (480) Fax (480)

Phoenix. Description: I-10 ES 1mi S/O SR 51 F/S - 2. TAB Panel ID: City: PHOENIX Latitude:

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