The Mizpah and Belvada Hotels are cornerstones of the town, with the Mizpah nicknamed the “Queen of the Town” and having dedicated sections on the town website (Click Here) for the Hotels. The 52-room Mizpah Hotel, a 2022 TripAdvisor Travelers’ Choice Award Winner, was opened in 1907 and renovated in 2011. Better known as the “Jewel of the Desert”, the Mizpah offers luxury accommodation, dining, and gaming. The 40-room Belvada Hotel was originally built in 1906 and thoughtfully renovated in 2020. This building used to be home to bankers, miners, jewelers, and more – but is now placed on a list for the Hottest New Hotels in the World for 2022 by TripAdvisor. These Hotels are supplemented with a 10-room Hostel for guests who are just looking for a cost-effective lodging option.

Tonopah, Nevada, is a small town located approximately halfway between Reno and Las Vegas. With a rich history rooted in mining, it's known for its unique mix of Wild West charm and mining heritage. Tonopah attracts tourists with attractions like the Most Haunted Hotel in the U.S. (Mizpah Hotel), Tonopah Historic Mining Park, the Central Nevada Museum, and star-gazing opportunities with a special recognition of the #1 place in the country to stargaze by USA Today.

The local economy and demand generation for hotel rooms is fueled by mining, tourism, and renewable energy industries. One of the largest natural resources in Tonopah is Lithium which is beneficial as Lithium demand is expected to grow more than six times by the end of the decade. American Battery Technology Company has announced that their land just five miles west of Tonopah contains one of the largest lithium deposits in the U.S. (Click Here). This 10,000+ acre property will provide millions of dollars in tax revenue to the city and support all surrounding businesses. With only one other lithium deposit at similar scale in the U.S., the local and state governments have shown their need to continue this project after denying emergency injunctions to present an appeal to halt the mine.

This offering contains a diverse mix of asset classes and two high-profile tourist destinations in the city. With the well-regarded reputation of the Properties, large future growth to the town, and hyperlocal placement relative to other assets in this portfolio – this offering represents an opportunity to diversify investments, grow or expand roots in Tonopah, participate in upside from growth of the town, continue low expenses due to economies of scale, and capture future demand from Lithium growth.