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Item 7A - Parking Study PARKING ANALYSIS FOR CREEKSIDE POINT HOTEL DEVELOPMENT DeShazo Project No. 20072 Addendum 1 Prepared for: David Karr Brown Company Partners, LLC. 15851 Dallas Parkway, Suite 628 Addison, TX 75001 Prepared by: DeShazo Group, Inc. Texas Registered Engineering Firm F-3199 400 South Houston Street, Suite 330 Dallas, Texas 75202 214.748.6740 Traffic.Transportation Planning.Parking.Design. TABLE OF CONTENTS Introduction .............................................................................................. 1 Site Description and Project Understanding ............................................. 1 Code Parking .............................................................................................................. 3 Shared Parking Analysis ............................................................................................. 3 DeShazo Group Parking Demand Model .............................................................................. 3 Overview ......................................................................................................................................... 4 ULI Employee Hourly Rates ........................................................................ 6 Parking Analysis ......................................................................................... 7 Comparison of Southlake Code and DeShazo Shared Parking Model ...... 12 Conclusions .............................................................................................. 12 Traffic.Transportation Planning.Parking.Design. Addendum 1 Parking Analysis for Creekside Point Development Page 1 TECHNICAL MEMORANDUM To: Mr. David Karr – Brown Company Partners, LLC. From: Chuck DeShazo DeShazo Group, Inc. Date: October 22, 2020 Re: Updated Parking Analysis for Proposed Creekside Point Hotel and Restaurants; City of Southlake, Texas (DeShazo Project No. 20072 Addendum 1) INTRODUCTION DeShazo Group, Inc. (DeShazo) is a consulting firm providing licensed professional engineers, planners, and analysts skilled in traffic operations, transportation planning, and parking-related studies. The services of DeShazo were retained by Brown Company Partners, LLC (Client) to conduct a parking demand analysis for a new development (Creekside Point) containing a hotel and two restaurants in Southlake, Texas. SITE DESCRIPTION AND PROJECT UNDERSTANDING The new development is at the southwest corner of Kirkwood Boulevard and Highway 114. The Client is proposing to construct a 145-key full-service hotel with a 4,500 square-foot restaurant and 4,500 square-foot programmable meeting space and two restaurants, 11,000 square-foot and 3,500 square- foot, respectively. The hotel is anticipated to attract business traffic during the week and attract leisure traffic on the weekends. The Client is also interested in shared parking opportunities within the development. The Client has proposed to park employees for both restaurants and the hotel remotely at the nearby Solana office campus on Saturdays. It is estimated that the hotel will have forty employees and both standalone restaurants will have forty employees for a total of eighty employees across the development. DeShazo has been requested to conduct a parking analysis to determine the feasibility of the current site plan. The current site plan is shown on the following page in Exhibit 1. K I R K W O O D B L V D SU N R I S E R A N C H TD A M E R I T R A D E L N H I G H W A Y 1 1 4 T W K I N G R D S A B R E D R C I T Y O F W E S T L A K E C I T Y O F S O U T H L A K E S O L A N A B L V D K I R K W O O D B L V D Cumulus Design Firm #14810 2080 N. Highway 360, Suite 240 Grand Prairie, Texas 75050 Tel. 214.235.0367 Addendum 1 Parking Analysis for Creekside Point Development Page 3 CODE PARKING The following table details the total Southlake code parking requirements for the various components located on the site plan. TABLE 1. Preliminary Code Parking Requirement CODE SECTION LAND USE AMOUNTS PARKING RATE REQUIREMENT TOTAL 35.6(b)(7)(a) 35.6(b)(8)(a) 35.6(b)(4)(d) 35.6(b)(8)(a) 35.6(b)(8)(a) Hotel Meeting Space Hotel Restaurant Restaurant A Restaurant B 145 Rooms 4,500 SF (125 seats)* 4,500 SF 11,000 SF 3,500 SF 1 space / room 1 space / 3 seats 1 space / 100 SF 1 space / 100 SF 1 space / 100 SF 145 42 45 110 35 377 spaces *Assuming 1,500 square-feet is reserved for pre-event space, a 3,000 square-foot meeting room in a typical classroom setup could accommodate 125 seats. Thus, by Southlake Code of Ordinances, 42 spaces are required for the hotel meeting space. SHARED PARKING ANALYSIS In order to project the number of parking spaces needed to adequately serve the Creekside Point development, DeShazo Group applied the DeShazo Group Shared Parking Model for Creekside Point, which is derived from ULI, ITE, and technical publications, and data from previous studies performed by DeShazo Group. The following sections summarize application results of the study model. DeShazo Group Shared Parking Model for Creekside Point Development DeShazo developed the DeShazo Shared Parking Model for Mixed-Use Development in order to quantify the parking needs for various developments. The DeShazo Shared Parking Model is a mathematical model derived from the concept of determining the cumulative, hourly parking demand for all uses in a development. This model utilizes parking demand ratios and hourly profiles by land use obtained from various published sources—including the Urban Land Institute and the Institute of Transportation Engineers—as well as actual, on-site parking demand characteristics to provide the most accurate and comprehensive parking demand projection. It also integrates provisions for synergy reductions created by multipurpose trips and other applicable credits that affect parking demand. The DeShazo Shared Parking Model for Mixed-Use Development has continually been calibrated to reflect the parking needs based upon actual, on-site parking demand data collected during the 20th highest hour of the year per industry standards. Shared Parking Definition “Shared parking” is a concept that acknowledges the efficiencies of the net parking demand within a common parking facility that is generated by multiple land uses. Efficiency is realized due to the nature of combining multiple tenants with complementary parking demand. The comprehensive definition contains two main components: time-of-day and synergy. The time-of-day component of shared parking considers offsets in the parking demand peaks of various land uses which permits a single parking space to be used during part of the day for a given use and an earlier or later part of the day for one or more other uses. Addendum 1 Parking Analysis for Creekside Point Development Page 4 The synergy component of shared parking considers the multi-purpose trip effects inherent to mixed-use developments in which patrons have the opportunity to perform multiple activities while utilizing a single space. Shared Parking Model Methodology The concepts and methods of customizing the DeShazo Shared Parking Model for the Creekside Point development are explained in the following steps. 1. For each land use category, parking rates were applied: a parking ratio in terms of number of cars per unit. Parking ratios are based upon data published by ULI and ITE as well as local historical data compiled by DeShazo over many years. Ratios are intended to reflect anticipated parking characteristics based upon propriety data and the client’s description of the proposed tenants. 2. Next, synergy factors were identified for specific land uses. In the customization of the model for Creekside Point Development, a reduction was applied to restaurants and meeting rooms. 3. Urban developments normally experience additional reduction factors that account for the use of transit, carpooling, and/or latest trends in local ridership (e.g., Uber, Lyft). These were considered in this analysis based upon a subjective evaluation of the study site location. 4. After calculating hourly parking demands for each land use, totals were tabulated by hour of day to identify the cumulative parking demand of each study area on a typical weekday and Saturday. OVERVIEW Description: Two independent standing restaurants were considered in addition to the hotel building and related facilities. The Shared Parking Table is provided in Appendix A. Hotel Parking Rate Both the weekday and Saturday rates are predicated upon the ITE Parking Generation Manual 5th Edition (2019), and recent DeShazo Group studies. The weekday rate is 0.54 and Saturday rate is 0.71*. This equates to one space per every 1.87 guest rooms for weekdays and one space per every 1.41 guest rooms on Saturdays. The weekday rate of 0.54 comes from the ITE weekday rate for hotels in the Southwest United States of 0.67 with a 20% reduction applied due to the significant presence of ride-hailing and a shuttle service. Time Component The hourly profile for a hotel is based upon ITE data. Synergy Factor No synergy factor reductions were applied. *NOTE – This rate is based upon a 2019 study DeShazo performed of hotels in the market center area in Dallas and two Kimley Horn studies performed in 2017. The highest Saturday parking rate observed between these studies of 0.644 was taken into consideration with a 10% safety factor applied for a more conservative figure. Data collected from these studies are provided in the Appendix. It should further be noted that the rate of 0.644 accounted not only for parking demand introduced by the hotel rooms, but a meeting space and attached restaurant as well. It should thus be understood that a rate of 0.71 on Saturdays and 0.54 on weekdays is not only reasonable, but quite conservative for hotels in the Dallas area as seen in survey of Southlake/Grapevine area hotels on September 17 and 18, 2020. Meeting Space Parking Rate Both the weekday and Saturday rates are predicated upon DeShazo’s understanding of the planned usage of the meeting space. For a typical classroom setup, 125 seats could comfortably fit within the 3,000 square-foot event space. Both the weekday and Saturday Addendum 1 Parking Analysis for Creekside Point Development Page 5 rates for the event space are 0.33. This equates to one space per each 3.03 seats for weekdays and Saturdays. Time Component The hourly profile for the meeting space is based upon DeShazo’s professional judgement. Synergy Factor During the week, the meeting space will mostly be used for business conferences and will be used by hotel guests. Thus, a 54% synergy factor was used on weekdays from 6:00 AM through 4:00 PM with a 25% synergy factor applied from 5:00 PM through midnight. For Saturdays, a 25% synergy reduction factor was used throughout the day. These synergy factors are supported by data collected during a survey of hotels in the Grapevine/Southlake area. Seven hotels were surveyed on occupancy and meeting space usage on weekdays and Saturdays. The number of event attendees who stay at these hotels when an event is hosted in the hotel ranges from 30% to 70%. A weighted average (counted against the size of maximum individual meeting rooms) showed an occupancy rate (synergy factor) of 55%. To be more conservative, a rate of 54% was employed. Tabulated results of this survey are provided in Appendix B. *NOTE* The Hilton Dallas at Southlake Town Square and the Courtyard by Marriott Dallas at DFW Airport South report shuttle/ride-hail utilization rates among guests of 62.5 percent and 70 percent, respectively. The reductions due to ride-hail and shuttle presence serve to support a synergy rate higher than 54%. Nevertheless, a more conservative rate of 54% was employed. Restaurant Hotel Parking Rate Both the weekday and Saturday rates are predicated upon the ITE Parking Generation Manual 5th Edition (2019). The weekday rate is 10.52 and Saturday rate is 14.99 in the Southwest United States. This equates to one space per each 95.06 square feet of GFA for weekdays and one space per each 66.71 square feet of GFA on Saturdays. Time Component The hourly profile for a restaurant is based upon ITE data. Synergy Factor It is expected that the hotel restaurant will largely rely on hotel guest for usage. The hotel restaurant thus qualifies for a fifty percent (50%) synergy factor reduction on weekdays and a fifty percent (50%) synergy factor reduction on Saturdays. Restaurant A and B Parking Rate Both the weekday and Saturday rates are predicated upon the ITE Parking Generation Manual 5th Edition (2019). The calculated weekday rate is 9.71 and the calculated Saturday rate is 12.28 for high turnover, sit-down restaurants in the Southwest United States. This equates to one space per each 102.99 square feet of GFA for weekdays and one space per each 81.43 square feet of GFA on Saturdays. Time Component The hourly profile for Restaurants A and B is based upon ITE data. Synergy Factor No synergy factors were applied for restaurants A and B. Addendum 1 Parking Analysis for Creekside Point Development Page 6 ULI EMPLOYEE HOURLY RATES The Urban Land Institute (ULI) provides hourly parking utilization percentages for employees of various businesses and entities. For the purposes of this analysis, hourly parking utilization profiles for employees of both restaurants and the hotel were considered separately and were calculated for every hour analyzed in the DeShazo Shared Parking Model. These hourly utilization percentages for employees of both uses are shown as follows in Tables 2 and 3. TABLE 2. Weekday ULI Hourly Employee Parking Utilization and Employee Demand Time of Day Hotel Restaurant (Lunch/Dinner) Hotel Restaurant A Restaurant B Hotel Restaurant 6:00 AM 10%0%1 0 0 0 7:00 AM 30% 0% 3 0 0 0 8:00 AM 100% 0% 10 0 0 1 9:00 AM 100% 0% 10 0 0 3 10:00 AM 100% 75% 10 19 6 4 11:00 AM 100% 90% 10 22 7 5 12:00 PM 100% 100% 10 25 8 6 1:00 PM 100% 100% 10 25 8 6 2:00 PM 100% 100% 10 25 8 6 3:00 PM 100% 75% 10 19 6 4 4:00 PM 70% 75% 7 19 6 4 5:00 PM *70% 95% 7 24 7 6 6:00 PM 40% 95% 4 24 7 6 7:00 PM 20% 95% 2 24 7 6 8:00 PM 20% 95% 2 24 7 6 9:00 PM 20% 80% 2 20 6 5 10:00 PM 20% 65% 2 16 5 4 11:00 PM 10% 0% 1 0 0 4 12:00 AM 5% 0% 1 0 0 0 x ULI Visitor vs. Employee parking rates indicate that, on weekdays, employees make up 13% of hotel parking demand, 14.5% of fine restaurant demand and 12.4% of family restaurant demand. * Employees park off-site 5:00 PM - 12:00 AM. Addendum 1 Parking Analysis for Creekside Point Development Page 7 TABLE 3. Weekend ULI Hourly Employee Parking Utilization and Employee Demand Time of Day Hotel Restaurant (Lunch/Dinner) Hotel Restaurant A Restaurant B Hotel Restaurant 6:00 AM 10% 0% 1 0 0 0 7:00 AM 30% 0% 4 0 0 0 8:00 AM 100% 0% 13 0 0 1 9:00 AM 100% 0% 13 0 0 4 10:00 AM 100% 75% 13 21 7 6 11:00 AM 100% 90% 13 25 8 7 12:00 PM 100% 100% 13 28 9 8 1:00 PM 100% 100% 13 28 9 8 2:00 PM 100% 100% 13 28 9 8 3:00 PM 100% 75% 13 21 7 6 4:00 PM 70% 75% 9 21 7 6 5:00 PM 70% 95% 9 26 8 8 6:00 PM 40% 95% 5 26 8 8 7:00 PM 20% 95% 3 26 8 8 8:00 PM 20% 95% 3 26 8 8 9:00 PM 20% 80% 3 22 7 7 10:00 PM 20% 65% 3 18 6 5 11:00 PM 10% 0% 1 0 0 5 12:00 AM 5% 0% 1 0 0 0 x ULI Visitor vs. Employee parking rates indicate that, on weekends, employees make up 13% of hotel parking demand, 14.1% of fine restaurant demand and 12.3% of family restaurant demand. However, experience with high turnover, sit-down/family restaurants in the Dallas area indicates a rate of 2.53 parked employees per thousand square-feet of floor space, similar to the ULI employee parking rate of 2.5 parked employees per thousand square-feet of floor space. Parking Analysis Table 4 displays the development composition of the site. TABLE 4. Uses Present Hotel 145 Rooms Hotel Restaurant 4,500 SF Meeting Space 125 Seats Restaurant A 11,000 SF Restaurant B 3,500 SF Addendum 1 Parking Analysis for Creekside Point Development Page 8 Peak Parking Demand The weekday peak parking demand occurred at 7:00 PM with a value of 243 spaces occupied which accounts for 93.5 percent of the proposed parking supply of 260 spaces. At this time, the hotel introduces a demand of 61, the hotel restaurant a demand of 18, the meeting space a demand of 23, and restaurants A and B demands of 107 and 34, respectively. This peak comes after an earlier peak of 242 spaces at 12:00 PM. This may be observed as follows in Exhibit 2. EXHIBIT 2. Weekday Parking Demand 73 75 105 114 150 168 242 233 164 138 139 184 240 243 220 172 118 76 75 0 50 100 150 200 250 300 Time of Day Weekday Parking Demand Meeting Space Hotel Restaurant Restaurant B Restaurant A Hotel Spaces Provided: 260 Addendum 1 Parking Analysis for Creekside Point Development Page 9 When employees are subtracted out per Table 2, the peak on-site weekday parking demand becomes 242 at 12:00 PM which accounts for 93.1 percent of the total available supply of 260 spaces. Visitors and guests introduce a demand of 66 for the hotel, 24 for the hotel restaurant, 19 for the meeting space, 101 for restaurant A and 32 for restaurant B. This is further illustrated in Exhibit 3 below: EXHIBIT 3. Weekday Parking Demand Without Employee Demand 73 75 105 114 150 169 242 232 164 138 140 141 199 205 181 139 91 73 74 0 50 100 150 200 250 300 Time of Day Weekday Parking Demand w/o Employees Meeting Space Hotel Restaurant Restaurant B Restaurant A Hotel Spaces Provided: 260 Employees Park Off-Site After 5:00 PM Addendum 1 Parking Analysis for Creekside Point Development Page 10 Saturday parking demand is projected to peak at 1:00 PM with a value of 312 spaces occupied. At this time, the hotel parking demand accounts for 80 of the total demand while the hotel restaurant, meeting spaces and restaurants A and B account for 27, 31, 132, and 42, respectively. EXHIBIT 4. Saturday Parking Demand 69 73 92 101 279 289 305 312 274 242 216 232 257 276 264 228 187 89 76 0 50 100 150 200 250 300 350 Time of Day Saturday Parking Demand Meeting Space Hotel Restaurant Restaurant B Restaurant A Hotel Spaces Provided: 260 Addendum 1 Parking Analysis for Creekside Point Development Page 11 When employees are subtracted out per Table 3, the peak on-site weekday parking demand becomes 254 at 1:00 PM which accounts for 97.6 percent of the proposed parking supply of 260 spaces. This is further illustrated in Exhibit 5 as follows. EXHIBIT 5. Saturday Parking Demand Without Employee Demand 67 69 77 84 232 235 247 254 215 195 173 180 209 231 219 189 155 83 76 -50 0 50 100 150 200 250 300 Time of Day Saturday Parking Demand w/o Employees Meeting Space Hotel Restaurant Restaurant B Restaurant A Hotel Spaces Provided: 260 Addendum 1 Parking Analysis for Creekside Point Development Page 12 COMPARISON OF SOUTHLAKE CODE AND DESHAZO SHARED PARKING MODEL DeShazo Group compared the results of the DeShazo Shared Parking Model with the Southlake Development Code. The differences are noted in Table 4 below. TABLE 4. Comparison of Southlake Code and DeShazo Shared Parking Model CONCLUSIONS The Creekside Point Hotel development currently includes a 145-key hotel with 4,500 square-foot restaurant and 4,500 square-foot programmable meeting space with adjacent development including an 11,000 square-foot restaurant and 3,500 square-foot restaurant. According to DeShazo’s analysis, projected parking demand will not exceed proposed supply on weekdays. It should be noted that hotel parking rates as described by ITE in the Southwest United States are based upon studies performed no later than 1989. Given the presence of a shuttle that will operate between the hotel and DFW airport and considering Mobility as a Service (MaaS) in the form of ride hailing which has been increasing particularly among business travelers since the inception of the industry in 2009, it should be understood that the hotel will experience a realistic demand significantly lower than the rate suggested in Southlake Development Code. To account for these factors and a more realistic parking demand rate in the Dallas area, DeShazo referenced a study performed by the firm in 2019 wherein multiple hotels were observed in Dallas. In addition to this study, two studies performed in 2017 and submitted to the City of Dallas by Kimley Horn were considered (data from these studies are provided in the Appendix). The highest Saturday parking rate of all hotels observed across each study was 0.644 parked vehicles per room. To be more conservative in this approach, DeShazo applied a 10% safety factor, instead employing a rate of 0.71 parking spaces per hotel room for the purposes of this study. It should be further noted that the observed rate 0.644 included not only parking demand introduced by hotel rooms observed in that study, but meeting space and an Land Use Unit Amounts Southlake Requirement DeShazo Group SPM Employees Off-site Friday (7:00 PM) Saturday (1:00 PM) Friday (12:00 PM) Saturday (1:00 PM) Hotel 145 Rooms 145 61 80 66 67 Hotel Restaurant 4,500 SF 45 18 27 24 19 Meeting Space 4,500 SF (125 Seats) 42 23 31 19 31 Restaurant A 11,000 SF 110 107 132 101 104 Restaurant B 3,500 SF 35 34 42 32 33 TOTAL: 377 243 312 242 254 Addendum 1 Parking Analysis for Creekside Point Development Page 13 attached restaurant as well. It may thus be evident that the proposed rate of 0.71 is not only reasonable, but conservative for hotels in the Dallas area. Despite this, a deficiency of 53 spaces was identified on Saturdays 1:00 PM. DeShazo Group was requested to study the effect that employees remote parking at the nearby Solana business campus would have on the proposed development. Utilizing the Urban Land Institute’s employee versus visitor rates for hotels and restaurants a visitor-to-employee split was established in the DeShazo Shared Parking Model. By removing employees from the on-site demand for the proposed development, the parking situation becomes quite feasible with the weekday peak parking demand of 252 brought down to 242 at 12:00 PM and the Saturday peak parking demand of 312 brought down to 254 at 1:00 PM. The synergy factor of 54% used for the hotel meeting space is supported by a survey conducted by DeShazo of hotels in the Grapevine and Southlake area. The average percentage of attendees for events at these hotels who stay in hotel rooms ranged from thirty percent (30%) to seventy percent (70%). The weighted average (counted against the maximum individual event room size) was found to be fifty-five percent (55%). Thus, a synergy factor of fifty-four percent (54%) was employed for the hotel meeting space. It may thus be understood that by parking employees off-site at the Solana campus, the hotel will experience a weekday and Saturday parking demand that is less than the provided supply of 260 parking spaces. End of Memo Addendum 1 Parking Analysis for Embassy Suites Development APPENDIX APPENDIX Addendum 1 Parking Analysis for Embassy Suites Development !Unexpected End of Formula TABLE A.1: Shared Parking Table Quantity 145 Rooms 11,000 KSF 3,500 KSF 4,500 KSF 125 Seats FALSE FALSE FALSE FALSE FALSE Use 1: Use 2: Use 3: Use 4: Use 5: TIME Hotel Restaurant Restaurant Restaurant Meeting Space Hotel High-Turnover (Sit Down) Restaurant High-Turnover (Sit Down) Restaurant Quality Restaurant Please Select... General Urban/Suburban General Urban/Suburban General Urban/Suburban General Urban/Suburban Please Select... ITE_310 ITE_932 ITE_932 ITE_931 #N/A (spaces/kSF GFA) (spaces/kSF GFA) (spaces/kSF GFA) (spaces/kSF GFA) (spaces/kSF GFA) Weekday Weekday Employee Saturday Weekend Employee Weekday Weekday Employee Saturday Weekend Employee Weekday Weekday Employee Saturday Weekend Employee Weekday Weekday Employee Saturday Weekend Employee Weekday Saturday PEAK RATIO 0.54 0.07 0.71 0.09 9.71 2.25 12.28 2.53 9.71 2.25 12.28 2.53 10.52 1.30 14.99 1.84 0.33 0.33 (Conv: 1space/ IVAR)1.87 14.35 1.41 10.83 102.99 444.44 81.43 395.26 102.99 444.44 81.43 395.26 95.06 766.59 66.71 542.37 3.03 3.03 SOURCE (ITE)(ULI)(ITE)(ULI)(ITE)(ULI)(ITE)(DGI)(ITE)(ULI)(ITE)(DGI)(ITE)(ULI)(ITE)(ULI)(ITE) (ITE) Div by:1.00 1.00 1.00 1.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1000.00 1.00 1.00 (I) Hourly Rates (as percent) 6:00:00 AM 91%10%62%10%0%0%0%0%0%0%0%0%10%2%15%2%0% 0% 7:00:00 AM 89%30%62%30%0%0%0%0%0%0%0%0%25%5%28%5%0% 0% 8:00:00 AM 90%100%72%100%0%0%0%0%0%0%0%0%68%15%52%15%100% 0% 9:00:00 AM 100%100%74%100%0%0%0%0%0%0%0%0%72%50%75%50%100% 0% 10:00:00 AM 98%100%76%100%26%75%87%75%26%75%87%75%77%75%91%75%100% 50% 11:00:00 AM 89%100%77%100%43%90%90%90%43%90%90%90%83%90%100%90%100% 50% 12:00:00 PM 85%100%79%100%95%100%100%100%95%100%100%100%100%100%90%100%100% 50% 1:00:00 PM 75%100%78%100%95%100%98%100%95%100%98%100%91%100%80%100%100% 100% 2:00:00 PM 81%100%67%100%49%100%85%100%49%100%85%100%56%100%67%100%100% 100% 3:00:00 PM 70%100%64%100%39%75%73%75%39%75%73%75%42%75%45%75%100% 100% 4:00:00 PM 74%70%67%70%37%75%58%75%37%75%58%75%42%75%39%75%100% 100% 5:00:00 PM 65%70%73%70%62%95%63%95%62%95%63%95%64%95%40%95%100% 100% 6:00:00 PM 73%40%83%40%99%95%76%95%99%95%76%95%87%95%40%95%75% 75% 7:00:00 PM 78%20%92%20%100%95%78%95%100%95%78%95%79%95%58%95%75% 75% 8:00:00 PM 93%20%97%20%83%95%76%95%83%95%76%95%65%95%40%95%50% 50% 9:00:00 PM 96%20%100%20%51%80%55%80%51%80%55%80%42%80%35%80%50% 50% 10:00:00 PM 95%20%91%20%28%65%46%65%28%65%46%65%21%65%33%65%0% 0% 11:00:00 PM 95%10%83%10%0%0%0%0%0%0%0%0%10%65%12%65%0% 0% 12:00:00 AM 96%5%74%5%0%0%0%0%0%0%0%0%0%0%0%0%0% 0% SOURCE:(ITE)(ULI)(ITE)(ULI)(ITE) (ULI / DGI)(ITE) (ULI / DGI)(ITE) (ULI / DGI)(ITE) (ULI / DGI)(ITE)(ULI)(ITE)(ULI)(ITE) (ITE) Addendum 1 Parking Analysis for Creekside Point Development Page ii (2) Synergy Reduction Factors 6:00 AM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 7:00 AM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 8:00 AM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 9:00 AM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 10:00 AM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 11:00 AM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 12:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 1:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 2:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 3:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 4:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%54% 25% 5:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% 6:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% 7:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% 8:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% 9:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% 10:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% 11:00 PM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% 12:00 AM 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%50%0%50%0%25% 25% Weekday Subtotals TOTAL: w/o Employees: 6:00 AM 71 1 0 0 0 0 2 0 0 73 72 7:00 AM 69 3 0 0 0 0 6 0 0 75 72 8:00 AM 70 10 0 0 0 0 16 1 19 105 94 9:00 AM 78 10 0 0 0 0 17 3 19 114 101 10:00 AM 76 10 28 19 9 6 18 4 19 150 111 11:00 AM 69 10 46 22 15 7 20 5 19 168 124 12:00 PM 66 10 101 25 32 8 24 6 19 242 194 1:00 PM 58 10 101 25 32 8 22 6 19 233 184 2:00 PM 63 10 52 25 17 8 13 6 19 164 116 3:00 PM 54 10 42 19 13 6 10 4 19 138 99 4:00 PM 58 7 40 19 13 6 10 4 19 139 103 5:00 PM 51 7 66 24 21 7 15 6 31 184 140 6:00 PM 57 4 106 24 34 7 21 6 23 240 199 7:00 PM 61 2 107 24 34 7 18 6 23 243 204 8:00 PM 72 2 89 24 28 7 15 6 15 220 181 9:00 PM 75 2 54 20 17 6 10 5 15 172 139 10:00 PM 74 2 30 16 10 5 5 4 0 118 91 11:00 PM 74 1 0 0 0 0 2 4 0 76 71 12:00 AM 75 1 0 0 0 0 0 0 0 75 74 Addendum 1 Parking Analysis for Creekside Point Development Page iii Max:243 Saturday Subtotals TOTAL: w/o Employees: 6:00 AM 64 1 0 0 0 0 5 0 0 69 67 7:00 AM 64 4 0 0 0 0 9 0 0 73 69 8:00 AM 74 13 0 0 0 0 18 1 0 92 77 9:00 AM 76 13 0 0 0 0 25 4 0 101 84 10:00 AM 78 13 118 21 37 7 31 6 15 279 232 11:00 AM 79 13 122 25 39 8 34 7 15 289 235 12:00 PM 81 13 135 28 43 9 30 8 15 305 247 1:00 PM 80 13 132 28 42 9 27 8 31 312 254 2:00 PM 69 13 115 28 37 9 23 8 31 274 215 3:00 PM 66 13 99 21 31 7 15 6 31 242 195 4:00 PM 69 9 78 21 25 7 13 6 31 216 173 5:00 PM 75 9 85 26 27 8 13 8 31 232 180 6:00 PM 85 5 103 26 33 8 13 8 23 257 209 7:00 PM 95 3 105 26 34 8 20 8 23 276 231 8:00 PM 100 3 103 26 33 8 13 8 15 264 219 9:00 PM 103 3 74 22 24 7 12 7 15 228 189 10:00 PM 94 3 62 18 20 6 11 5 0 187 155 11:00 PM 85 1 0 0 0 0 4 5 0 89 83 12:00 AM 76 1 0 0 0 0 0 0 0 76 76 Addendum 1 Parking Analysis for Embassy Suites Development Page iv EXHIBIT A.2: Summary of Observed 2019/2017 Dallas Hotel Rates Sheraton (DeShazo) Sheraton (Kimley Horn) Doubletree (DeShazo) Le Meridien (Kimley Horn) Address…………………………2101 N. Stemmons 4801 LBJ Freeway 2026 Market Center Blvd. 13402 Noel Rd Rooms…………………………..253 308 227 258 Restaurant…………………….Arbor Kitchen Red Eye Restaurant Terranova Café Longitude 96 Meeting Space………………6,005 SF 11,511 SF 6,710 SF 6,429 SF Observed Rates (X Spaces / Guest Room)* Average Weekday Rate:0.251 0.44 0.492 0.40 Friday 5:00 AM:0.292 0.419 Friday 12:00 PM:0.209 0.564 Average Saturday Rate: 0.567 0.59 0.443 0.52 Saturday 5:00 AM:0.644 0.577 Saturday 12:00 PM:0.49 0.308 *Restaurant and meeting space for each hotel are combined into these rates. Addendum 1 Parking Analysis for Embassy Suites Development Page v EXHIBIT A.3: DeShazo Group Hotel Parking Observations (2019) Addendum 1 Parking Analysis for Embassy Suites Development Page vi EXHIBIT A.4: Kimley Horn Hotel Parking Observations (2017) Addendum 1 Parking Analysis for Embassy Suites Development Page v APPENDIX B. Grapevine/Southlake Area Hotel Survey Results Addendum 1 Parking Analysis for Embassy Suites Development Page vi Table B1. Survey Results NOTE: Data collected from the Hilton DFW Lakes Executive Conference Center was not included in this analysis. While a sizeable conference center, it is DeShazo's professional opinion that the ratio or hotel rooms to meeting space is too dissimilar to the Creekside Point development for the Hilton DFW Lakes Executive Conference Center to be considered a valid comparison. * The Dehsazo Applied Synergy Rate for Creekside Point was derived by taking a weighted arithmetic mean of synergy rates observed at other hotels taken with regard to the maximum breakout event space. This average rate was observed to be 55% whereas a rate of 54% was used for calculations in the DeShazo Shared Parking Model. HOTEL NAME, ADDRESS, AND CONTACT # of Rooms Total Sqft Meeting Space Sqft of Largest Meeting Space % Attendees staying in hotel % Arriving by shuttle or ride-hail Typical event attendance Applied Synergy Rate Hilton Garden Inn @ DFW North (817) 421 - 1172 Cynthia Gutierrez 110 2220 Sqft 2220 sqft 50% 90% 35 50% Cambria Southlake DFW North (817)329 - 1010 Paul Cordova 175 4837 sqft 3900 sqft 60% 40% 55 60% Hilton Dallas/Southlake Town Square (817) 442 - 9900 Mike Hutcherson 248 19000 sqft 8064 sqft 37.50% 62.50% 175 37.50% Four Points by Sheraton DFW North (469) 702 - 6311 Christine Beeman 142 8864 sqft 8864 sqft 70% 30% 750 70% Courtyard by Marriott Dallas, DFW South (972) 790 - 8990 Cindy White 146 13169 sqft 1130 sqft 30% 70% 30 30% Creekside Point 145 3000 sqft 3000 sqft - 20% - 55% *