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<br />PROPERTY DESCRIPTION <br /> <br />111-4 <br /> <br />The proposed Sylvan Beach Hotel will be well-located on scenic Galveston Bay proximate <br />to both business and leisure demand generators. We consider the subject site to be well- <br />suited for hotel development. <br /> <br />The recommended facilities program for the proposed Sylvan Beach Hotel is appropriate <br />for the market in type, size and quality. The amount of meeting space will provide a <br />competitive advantage for the subject property in attracting group meetings demand. <br />