Buffalo

Grand Hotel
A rare opportunity for individual investors to participate
in a full-service luxury convention hotel
RRSP / TFSA eligible

$10,000 minimum investment

289 389 1377

www.stinsonproperties.com
 Why$is$the$Buffalo$Grand$a$good$investment$?$
(…….$and$very$different$from$other$options)$
!

1.! The!Buffalo!Grand!is!already'built'and!fully'operational'(1979)!
!

2.! Earnings!begin!immediately!(no!waiting!for!approvals,!construction….)!!
!

3.! Individual!real'estate'ownership,!(NOT!a!time!share!or!syndication)!
!

4.!Realistic!pricing!(from'$99,900)!in!a!resurging!city!
!

5.!24/7!Management!included,!as!well!as!all!repairs!and!maintenance!
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6.!You!can!use!your!RRSP'or'TFSA!!!!!
!
!

!
!
The!Buffalo!Grand!Hotel!is!the!largest'convention'hotel'in'the'state'of'New'York'outside'Manhattan.!
Constructed!in!1979!as!a!luxury!Hilton,!the!complex!occupies!a!prime!7!acre!site!on!the!Buffalo!waterfront!
and!comprises!486!guestrooms,!72,000!sq.ft.!of!event!space,!3!restaurants!&!600Vcar!garage.!
!

How$does$it$work?$
!

Stinson!Hospitality!is!restructuring!the!(former!Adams!Mark)!hotel!into!condominium!ownership.!
Each!suite!is!owned!by!an!individual!investor,!who!receives!a!leaseback!rent!+!a!share!of!the!profits.!!
Condo,!taxes,!repairs!and!maintenance!are!paid!by!the!hotel!manager,!not!the!unit!owner.!
!

Investors'share'in'ALL'the'revenues,'from'ALL'suites'(not'just'their'own'unit)'
….as!well!as!from!all!of!the!revenue!streams!and!departments!of!the!hotel!and!conference!centre!
(banquets,!weddings,!events,!meetings,!dining!room,!lobby!bar,!room!service,!parking,!cell!phone!tower).!!
!
Although'the'hotel'is'located'in'Buffalo,'New'York,'the'investment'is'in'Canadian'dollars,'and'the'
returns'are'paid'through'a'Canadian'management'corporation.'''''''
!
!
'

watch'the'Buffalo'Grand'video'on'our'website'''''''''''www.stinsonproperties.com!!!!!!!!!!289V389V1377 !
 OPERATING*EXAMPLE*and*UNIT*PRICING
The$numbers,$assump.ons$and$calcula.ons$below$are$provided$solely$for$the$purpose$of$illustra.ng$the
opera.onal$format$and$should$not$be$considered$as$a$guarantee$or$specific$promise$of$performance.

REVENUES
Rooms Rooms $-----14,412,938
Inventory-of-Rooms 486
Average-daily-rate $-----------125 365
Occupancy 65%
Food*and*Beverage F-&-B $----------7,117,500
365 days per-day covers-(people) rate/person subLtotal
Small-meeNngs,-seminars 3 50 $--------------20 $--------------3,000
Standard-lunch/dinner-with-bar 1 200 $--------------45 $--------------9,000
Tradeshow,-exhibits 1 $--------2,500 $--------------2,500
Restaurants,-lobby-bar 150 $--------------25 $--------------3,750
Room-service,-catering 50 $--------------25 $--------------1,250
Other*Departments Other $----------1,778,025
Parking- 617 $----------------5 $-------1,126,025
Audio-visual,-event-services $----------450,000
Rent-(office,-retail) $----------202,000
TOTAL*REVENUE $*****23,308,463
EXPENSES
Departmental Variable K$7,097,927
Rooms L29% L$-------4,179,752
Food-&-beverage L41% L$-------2,918,175
General* Fixed K$7,370,453
AdministraNon L$-------1,400,000
Sales-&-MarkeNng-(rooms,-F-&-B) L5% L$-------1,076,522
Maintenance- L$----------850,000
UNliNes L$-------1,000,000
Property-taxes,-Insurance L$----------480,000
Management L5% L$-------1,165,423
Reserve-(update-&-décor) L6% L$-------1,398,508
OPERATIONAL*SURPLUS*(U.S.*funds) $----------8,840,083
Conversion-rate-(will-vary) $******1.33 Conversion-from-U.S.-to-Canadian $*****11,757,310
paid%quarterly L1 Leaseback-RENT-to-unit-owners K$*****3,047,100
Balance-for-distribuNon $-------8,710,210
paid%annually 80% Bonus*rent*to*unit*owners $***6,968,168
20% Management- $----------1,742,042

Annual$distribu.ons$per$unit$type$=$based$on$above$example$only
$---------------- 3,047,100 $-------------------------- 6,968,168

LIST*price UNIT*TYPE FACTOR LEASEBACK DISTRIBUTION TOTAL

$*****99,900 Studio 0.85 0.0016737 $5,100 $11,663 $16,763

$***129,900 Standard 1.0 0.0019691 $6,000 $13,721 $19,721
$***249,900 Lo_ 2.0 0.0039382 $12,000 $27,442 $39,442
$***129,900 Club-studio 1.0 0.0019691 $6,000 $13,721 $19,721
$***155,900 Premium 1.2 0.0023629 $7,200 $16,465 $23,665
1 $***565,920 VIP-suite 4.8 0.0094516 $28,800 $65,860 $94,660
 Seeing&is&believing&
&

Hotel&tour&&&round&table&
&
A&unique&opportunity&to&see&the&hotel&first&hand&and&
sit&down&with&the&General&Manager&and&developer&<&in&person&–&
to&better&understand&the&operations&of&the&hotel&business&and&
to&learn&more&about&the&renaissance&of&the&City&of&Buffalo&
&

Every&Sunday&at&2&p.m.&
120&Church&St.,&Buffalo,&14202&
R.S.V.P.&please&
289338931377&&&&&&&harrystinson200@gmail.com&&&

&
 Why$events,$food$and$beverage$make$such$a$difference$in$your$investment$returns$

!
The!main!ballroom!can!seat!1,200!people!simultaneously!….!and!there!are!24!more!ballrooms,!meeting!and!event!spaces!

!!!!!!!!!!!!!!!!
!
!
Over$900$people$reserved$for$Mother’s$Day$brunch$($39.95)$…..$then$there’s$Easter,$Valentines$Day,$Christmas….$
!

!
 "The%Competition"
Comparison*of*Hotel*Options*in*central*Buffalo
size HOTEL ROOMS MEETING*SPACE RATES OCCUPANCY # PARKING
(in%order%of) number%of sq.%ft. average%annual average%annual spaces price/day

1 Buffalo Grand 486 72,000 617

2 Buffalo%Hyatt 396 23,479 $%%%%%%%%125 70% 0 $%%%%25
3 Marriott%Harbour 205 5,923 $%%%%%%%%165 75% garage $%%%%16
4 Embassy%Suites 182 6,059 $%%%%%%%%160 80% garage $%%%%20
5 Hampton%Inn 140 1,525 $%%%%%%%%145 75% open%lot $%%Q
6 Hilton%Garden 124 4,297 $%%%%%%%%150 72% 0 $%%%%20
7 Marriott%Courtyard 102 1,036 $%%%%%%%%150 73% 0 $%%%%15
8 Westin 116 4,428 $%%%%%%%%239 77% garage $%%%%18
9 Doubletree%(airport) 100 1,625 $%%%%%%%%147 70% open%lot $%%Q
10 Curtiss 68 0 $%%%%%%%%199 0 valet*
11 Hotel%Lafayette 57 0 $%%%%%%%%150 0 $%%%%20
12 Mansion%on%Delaware 26 5,000 $%%%%%%%%225 40 $%%Q
TOTALS 2002 125,372
Buffalo%Grand%%offers 24% of%the%guest%rooms%in%central%Buffalo
Buffalo%Grand%alone%contains 57% of%the%meeting%space%in%downtown%Buffalo%hotels
NOTES
Hotel&room&rates&and&occupancy&are&now&rising,&often&exceeding&the&numbers&above.
* The&Curtiss&Hotel&is&a&new,&boutique&style&facility,&with&no&meeting&space.&The&focus&is&frankly
on&the&main&floor&restaurant&and&rooftop&bar.&The&owner&has&various&other&restaurants&and&
parking&lots&in&Buffalo,&which&he&can&use&for&valet&parking&and&for&referring&events,&however
these&are&offsite&and&small&to&medium&size&in&scale.&This&is&unappealing&to&event&coAordinators
and&group&bookings.&Given&the&small&number&of&rooms,&rates&and&occupancy&swing&with&demand.
Hotel&Lafayette&is&a&recently&opened,&independent&boutique&facility.&Although&there&are&food
outlets&and&a&few&banquet/meeting&spaces&onsite,&they&are&not&under&the&same&ownership
and&management&as&the&hotel.&There&is&no&parking.
The&Mansion&on&Delaware&is&often&referred&to&as&"the&only&5Astar&hotel&in&Buffalo".&The&ambiance
is&elegant,&but&in&practice&the&hotel&is&small,&with&limited&facilities&and&services&onsite.

SUMMARY
"By&the&numbers"&the&Buffalo&Grand&is&clearly&the&primary&choice&for&events,&meetings,&
conferences,&tradeshows,&banquets,&weddings&or&group&bookings.&The&gap&between&the&
Buffalo&Grand&and&all&of&the&other&local&hotels&A&in&terms&of&capacity,&facilities&and&services
that&can&be&provided&onsite,&under&one&management&and&one&payment&structure&A&is&not&only
significant'&but&frankly&nearApermanent,&and&would&cost&in&the&range&of&$100,000,000&to&
duplicate….&Not&to&mention&assembling&a&7Aacre&site&in&such&a&prime,&central&location.
 Escalator from lobby

Convention Level
Pool

Health Grand Ballroom

Outdoor Club
Courtyard

Meeting Meeting
Room Room Convention & Restaurant Statistics
• 72,000
M sq ft of conference space
Meeting Meeting M
Meeting
• 25
W event and banquet rooms
Room Room W Room
• 7,000 person capacity
• 5 restaurants
• 361 seating capacity
Largest Convention Centre
In Western New York
Main Level

in n i
 Toronto’s(premiere(condo(hotel(
Designed,(developed(and(operated(by(Stinson(Hospitality(
(

(((((((((((((((((((((((((((((ACTUAL(condo(unit(owner(returns(at(1(King(West((2017)(

( ((((((Monthly(( (((((((((((((Annual(

!!!!!!Small!Studio! !!!!$!!3,194! ((((($(38,328(

!!!!!!Medium!Studio! !!!!$!!3,513! ((((($(42,156(
!!!!!!Large!Studio! !!!!$!!3,832! ((((($(45,984(
!!!!!!1!bedroom! !!!!!$!4,152! ((((($(49,824(
!!!!!!Corner! !!!!!!$!4,471! ((((($(53,652(
!!!!!!2!bedroom! !!!!!!$!6,387! (((((($(76,644(
!!!!!!Occupancy! (((95.9%( Consistently!over!80%!occupancy!
since!2007!&!over!90%!since!2012!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !
!