i Luxury Resort Hotel Comparables iss ' din } F \ The following provides an overview of the anticipated competitive set ff day for a future hotel resort development at the Site. The more recently ae opened properties are the Aria (as part of CityCenter) in 2009 and the } ee | Cosmopolitan in 2010 Venetian/Palazzo and Wynn/Encore opened in en January and December of 2008, respectively. New ‘boutique’ entrants Pt ‘i i: ¢ to the Strip opening in 2014 include The Cromwell Las Vegas, an an ‘| upscale boutique property backed by Caesars Entertainment and SLS et . a a Las Vegas. It should be noted that all of the newer properties are Wass geared toward the upper end of the market. eR WK In May 2015, Genting Gaming announced the ground breaking = ap Asa of Resorts World Las Vegas. Following this in June 2015, Crown Bi WA a Fat ‘| a -_— g Resorts announced the purchase of the former Frontier site for the ;. & AAS oda) 2 ik alr . i io 8,4 | = a ait et development of Alon. These two projects will add approximately te 4 rae Slay AN TAR anne aa i : : Ce iF she ae ADO, OE | 7 - PP fagee hy = A | Pe Pigs) Bl aps ol op 7 4,000 high-end rooms to the Strip market. | ogee ; 4 AY a Ory ee. “i rat i. er a} ts oe mele eT Cee ee le 2 aire ae i ee 0 — ? | a olor eo Ee ee font fa 28 9 eee: Seek a eB oH) Se | | H He i ~ a u : & ny B% ees H - " - 4 - -| ra 8 : fog! Beg! tae PMA - _ SAG A oat Ba i ee fy Hdl fe A BRA H olSi gil ge) tej Pout eeagel A |S ot. hence ice H age ta HE oe ey. © BAS A a Hl ac a 4 Ava Hae Witd ; a | a 4 a He OCA ee a 2 4 fois fa Cl (i ieee ona | ff ge) try “p Eee at tte eee 2” a) yi Lj ENT 4 m 2. _ xB ——— ey seed fi ; = eae ee gor Ol 8 BRN WNNN peg eee pe ee] fe = ’ aceemnmmmnemre ANE LALO ea 0 BS ee a — ——J ——. | f Rg or BR eT rl rae EERE Ge. NB | i: — — a ae ae j ——- tf es \ fe Riedie A PEI? rea a, a te i a ——s } iy i = ee —_y fe <f! ; = — —— 4 ; x a 7 ee . t - aI ‘i ss 4 1 i @ \ 7 g ™ iF i ie f r Ab iy — f = — ie mk r % . 4 es | ie . f if io) if \ * ol fey . - er, a @