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<br />.~ <br />1'- <br /> <br />B-1 <br /> <br />EXECUTIVE SUMMARY <br /> <br />The proposed Sylvan Beach Hotel & Conference Center represents a significant opportunity to <br /> <br />provide a first-class, dedicated conference facility in an attractive, resort suburban setting which should <br /> <br />provide the City of La Porte with a top-quality hotel and meeting facility. This venture will likely <br /> <br />provide the City with the full service, up-scale hotel accommodations that have been lacking in the <br /> <br />past. This, in turn, will support the City's efforts to present an attractive meeting facility to draw <br /> <br />groups from outside the city's confines to La Porte, thus creating significant positive economic impact. <br /> <br />The Hotel & Conference Center is expected to attract a balanced set of market segments, thus <br /> <br />providing a level of security against the potential that a significant economic downturn which affects <br /> <br />anyone market segment would have an extraordinary impact on the performance of the Hotel. <br />