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Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC Property Overview & Nearby Attractions

Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

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Page 1: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC

Property Overview & Nearby Attractions

Page 2: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 2

Facility Overview

The Resort sits on approximately

2 1/3 acres on Main Street in

downtown North Creek.

The original building was built in

1989.

A new wing was added in 1997

increasing the size of the Resort

to 35,000 sq ft, while at the same

time the original interior structure

was completely renovated.

Additional renovations and

upgrades were done in 2009,

2010, 2014, 2015, 2016 & 2017

There are two restaurants on

the property and banquet facilities.

The Resort has 31 guest rooms

and suites ranging in size from 350 to

800 sq ft., plus there is considerable

opportunity for additional development

Page 3: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 3

Location

• The Copperfield is located on Main

Street in North Creek, NY.

• North Creek is located along the

banks of the Hudson River and within

the Adirondack Forest Preserve.

• It is 4 hours north of NYC, 2 ½

hours south of Montreal and 1 ½ hours

from New York’s Capital District.

• North Creek is a 4-season

destination and is the home of the

Gore Mt. Ski Center.

• North Creek was recently designated

as a Federal Opportunity Zone offering

potential buyers significant tax breaks.

Page 4: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 4

Competitive Environment

No other hotels of this caliber within 25 miles of North Creek.

All local competitors consist mainly of rustic lodges, motels and B & Bs.

Combined inventory of all local competitors is less than 100 rooms.

The Copperfield has the only large banquet facility within the Central Adirondacks (between Lake George and Lake Placid).

Only upscale hotel resort within close proximity to Gore Mt. Ski Center.

The Copperfield was voted as one of the top 3 hotels in The Post Star Reader’s Survey of all hotels in Warren, Washington & Saratoga Counties for the past 5 years.

Page 5: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 5

Property Plan

Page 6: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 6

Facility Improvements 2009 - 2018

Lower Level Meeting Rooms and Public Area Refurbishment

Guest Room Refurbishments and Hallway Carpeting

Plumbing Upgrades

Expansion of Trappers Tavern and new Furnishings

New F&B wing Hallway and new Lighting

New Geothermal Heat Exchangers

New Solar Hot Water System

New Supplemental High Efficiency Boiler for Heating System

Electrical Upgrades

Exterior Painting, Plantings and Walkways

Energy Savings Improvements

Upgraded Refrigeration and Kitchen Equipment

Installation of WiFi throughout property and cell phone extenders

Upgrades to Pool and Hot Tub mechanicals

Page 7: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 7

Physical Plant

The Copperfield is a green facility which is heated and

cooled geo-thermally, with a propane fueled furnace

serving as an on-call back-up in winter.

Newly installed Solar Hot Water System.

The property is entirely handicap accessible.

There is a propane fueled back-up generator which

automatically kicks in to provide power throughout the

facility during power outages.

The entire facility is air conditioned.

Page 8: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 8

Room Types – Demi Suite

Our three 500 sq ft Demi Suites feature one King sized bed with down duvet with a separate seating

area with pull-out sofa bed, writing desk and entertainment unit. Each bathroom has a double basin

marble vanity, Jacuzzi tub and separate Swedish shower. Other amenities include armoire with second

Flat Screen TV, DVD player, Wi-Fi, hair dryer, iron and ironing board, radio alarm clock, ski rack and

electronic safe.

Page 9: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 9

Room Types – Fireplace Suite

Our 575 sq ft two-room Fireplace Suite contains a spacious living room with a fireplace, sleeper sofa,

Flat Screen TV & DVD, dining table, refrigerator and wet bar. Off the living room is a separate bedroom

with King size bed with down duvet and a Flat Screen TV & DVD. The bathroom has a double basin

marble vanity, Jacuzzi tub and separate Swedish shower. Other amenities include Wi-Fi, hair dryer, iron

and ironing board, radio alarm clock, ski rack and electronic safe. Off of the Bedroom is a private balcony.

Page 10: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 10

Room Types – Townhouse Suite

Our 800 sq ft Townhouse Suite spans two floors connected by a spiral staircase. The downstairs living

area has is pullout sofa, Flat screen TV & DVD, private patio and wet bar, and a large marble bath with

Swedish shower. The upstairs bedroom has a King size bed with down duvet, a Flat Screen TV & DVD.

Also upstairs is a second large marble bath room with a double basin marble vanity, a Jacuzzi tub and

separate Swedish shower. Other amenities include armoire with second Flat Screen TV & DVD player,

Wi-Fi, hair dryer, iron and ironing board, radio alarm clock, ski rack and electronic safe.

Page 11: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 11

Room Types – Executive King

Larger than our Standard King, our 425 sq ft Executive King guest rooms feature one King sized bed

with a down duvet; a pull-out sofa bed; a luxurious marble bathroom with a combination shower and

roman tub or Jacuzzi. Other amenities include an armoire with a Flat Screen TV, DVD player, Wi-Fi, hair

dryer, iron and ironing board, radio alarm clock, ski rack and electronic safe.

Page 12: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 12

Room Types – Standard King

Our eight Standard King Rooms range in size between 350 and 400 sq ft They feature one King sized

bed with a down duvet; pull-out sofa bed; luxurious marble bathroom with combination shower and roman

tub and amenities such as a Flat Screen TV, DVD player, Wi-Fi, hair dryer, iron and ironing board, radio

alarm clock, ski rack and electronic safe.

Page 13: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 13

Room Types – Standard Double Queen

Our 14 Standard Double Queen Rooms range in size between 350 and 400 sq ft They feature two

Queen sized beds with down duvets; pull-out sofa bed; luxurious marble bathroom with combination

shower and roman tub and amenities such as, a Flat Screen TV, DVD player, Wi-Fi, hair dryer, iron and

ironing board, radio alarm clock, ski rack and electronic safe.

Page 14: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 14

Restaurant Facilities

There are two full service restaurants on the property:

Trappers Tavern is a very popular bar &

grill which can seat 60 guests. It also has a

large Après-Ski following and features

weekly live entertainment.

Above the fireplace is a large Moose Head

shot by President Teddy Roosevelt in the

1880’s.

Lorenzo’s can seat 50 guests. It also has

an additional seasonal outdoor patio

dining area.

Page 15: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 15

Meeting & Banquet Rooms – Ballroom

Our dividable 2,600 sq ft Ballroom is the largest Banquet Space available between Lake George and

Lake Placid. It can accommodate up to 200 people as well as a modular dance floor. In this highly

configurable space the Copperfield has hosted weddings, proms, corporate meetings, theatrical

productions as well as various community events. The Ballroom also opens out to an outdoor patio area.

.

Page 16: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 16

Meeting & Banquet Rooms – Hunt Room

Our 1,200 sq ft Hunt room located on the lower level, can be divided into two 600 sq ft meeting rooms.

This configurable meeting space is often used for rehearsal dinners, corporate meetings and smaller

community gatherings.

Page 17: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 17

Meeting & Banquet Rooms – Lorenzo’s

The restaurant space in Lorenzo's is very easily configurable and opens onto the patio and garden area.

When the restaurant is closed, this room has been used frequently for cocktail parties, wine tastings,

cooking classes, private dinners, rehearsal dinners & holiday parties.

Page 18: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 18

Other Amenities – Health Club & Fitness Center

Spa Services

Massages

Tanning

Facials

Locker Rooms

His & Her Saunas

Fitness and Yoga classes

Zumba

Water Aerobics

Tennis Court

Monthly and Yearly community memberships

Complimentary to guests as part of their Daily Resort Fee

We have an 1,100 sq ft Health

Club on-site offering the

following services:

Page 19: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 19

Other Amenities – Pool, Hot Tub, Tennis Court & Sun Deck

The property also has an outdoor tennis court, outdoor heated pool, hot tub,

patio and sun deck.

Page 20: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 20

Nearby Attractions – Gore Mountain Ski Center

• The main entrance is located 2 miles from the Copperfield, and the recently opened connected Ski Bowl entrance is less than ¼ mile away.

• As the largest Ski Center in NY State, Gore offers alpine, cross-country and backcountry skiing &, snowboarding.

• It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey.

• 95 % of the mountain is covered by snow-making.

• There are 15 lifts including a gondola and 95 trails over 3 mountains with 50 acres of terrain and has the greatest vertical drop within a four hour drive of New York City.

• Gore has in excess of 250,000 skier visits and has a capacity of over 7,500 skiers per day.

• Gore Mt. also offers summer and

fall activities including Gondola Rides,

Mountain Biking and mini-golf.

Page 21: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 21

Nearby Attractions – White Water Rafting

From April through

October, the Hudson River

Gorge offers incredible

Adirondack rafting with

over 16 miles of stunning

natural beauty on some of

the best whitewater east of

the Rocky Mountains.

The Copperfield partners

with a number of local

rafting outfitters.

Page 22: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 22

Nearby Attractions – Aerial Zip Course & Paintball

Three miles away from

The Copperfield is a newly

opened Aerial Zip Course

& Paintball field and range.

These activities are suitable

for both adults and kids.

Page 23: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 23

Nearby Attractions – Revolution Rail

• Railbiking with Revolution Rail Co. is

a fun 6 mile round trip excursion

activity that allows riders to ride the

railroad tracks under their own power

and explore a section of the

Adirondacks that has never seen

passenger traffic.

• The tour takes riders through the

beautiful Adirondack forest canopy

along the banks of the Hudson River,

and then over the Hudson on a

spectacular trestle bridge before

returning to the historic North Creek

Depot, across the street from the

Copperfield

Page 24: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 24

Nearby Attractions – North Creek Depot Museum

Across the street from The Copperfield is the

historic North Creek Depot and Museum. It was

on this very same platform where Teddy Roosevelt

became President upon the death of McKinley in

1901.

Page 25: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 25

Nearby Attractions – Adirondack Museum

About a half hours drive north is the Adirondack Museum in Blue Mt. Lake.

The museum has 65,000 square feet of exciting exhibitions housed in twenty-two modern and historic buildings. There are many interactive, hands-on activities which makes the stories of the Adirondacks and its people highly engaging for children and adults.

Page 26: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 26

Nearby Attractions – Hiking & Day Trips

Within minutes of The

Copperfield there are

countless trails suitable

for people of all ages to

experience first hand the

natural beauty of the

Adirondacks

Page 27: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 27

Nearby Attractions – Fly Fishing

There is some excellent

fishing for brown, brook,

and rainbow trout in the

Hudson River just steps

away from The Copperfield

and along Route 28.

Page 28: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC 28

Nearby Attractions – Biking & Mountain Biking

There are easy to challenging bicycle circuits in the area as well as Mountain Bike Trails nearby at Gore Mt and Garnet Hill.

Page 29: Property Overview & Nearby Attractions · • It is ranked as a Top 10 Mountain in the East by Ski Magazine reader’s survey. • 95 % of the mountain is covered by snow-making

Proprietary and Confidential © 2018 Copperfield Inn Resorts, LLC