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<br />PROPERTY DESCRIPTION <br /> <br />111-2 <br /> <br />Surrounding Area <br />The subject site is well-located in relation to both business and leisure demand. The new <br />Bayport Container Terminal and the Bayport Cruise Ship Terminal are located just four mile <br />south of the proposed hotel site. The Bayport Industrial District is located about three miles <br />west of the site along Fairmont Parkway, while the Battleground Industrial District along the <br />Port of Houston is located only five to 10 miles northwest of the site along SH 225. <br /> <br />To the north and south of Sylvan Beach along the Galveston Bay, there are several sites <br />that could be developed into future waterfront projects. The proposed hotel would be <br />located approximately two miles from the Bay Forest Golf Course, which ranks in the top 10 <br />municipal courses in the Houston area, and four miles from the Houston Yacht Club. The <br />San Jacinto Monument and Battleship Texas and the majority of the 26 Project Star sites <br />are located within approximately 10 miles northwest of the subject property. The Johnson <br />Space Center, Clear Lake and the Kemah Boardwalk are located about 10 miles south of <br />the site along SH 146, while Galveston Island is approximately 40 miles to the south. <br /> <br />RECOMMENDED FACILITIES <br /> <br />The proposed Sylvan Beach hotel should be designed as a 250-room branded, upscale, <br />full-service hotel. There appears to be a large amount of hotel and meeting space demand <br />that is leaving the market area because of the lack of an upscale, full-service hotel. The <br />subject property will be affiliated with a nationally recognized franchise to take advantage of <br />its national marketing program, extensive reservation system and frequent traveler <br />program. <br /> <br />The hotel should be designed to complement the master plan for the redevelopment of <br />Sylvan Beach and to reflect its historical heritage. The hotel needs to be oriented toward <br />Galveston Bay with scenic views from the lobby, meeting rooms, food and beverage <br />facilities and guestrooms. Since the Sylvan Beach Pavilion has sentimental value to the <br />community, we recommend that the ballroom in the proposed hotel be called "The Pavilion" <br />and be designed with a similar shape and view of Galveston Bay to provide a link with the <br />local community. <br /> <br />We recommend that the site be highly landscaped to maximize green space. Parking <br />should be developed on the first two floors of the hotel to minimize surface parking and to <br />elevate the hotel for views of Galveston Bay. <br /> <br />We recommend 15,000 square feet of meeting space with a 7,500-square foot ballroom <br />(The Pavilion). Since the hotel will be a popular location for wedding receptions, <br />quincenaros and banquets, the ballroom will need to accommodate up to 500 attendees. <br />We also recommend a smaller junior ballroom and numerous breakout rooms to <br />accommodate corporate trade shows and meetings. An executive boardroom is included to <br />attract corporate executive meeting demand. <br /> <br />In addition to the hotel food and beverage facilities, we recommend that an area adjacent to <br />