This commercial appraisal consists of two groups of parcels, one on the north side of Colorado Boulevard, and the other located on the south side of Colorado Boulevard. The north group of parcels is entitled for a mixed-use project consisting of a full-service hotel consisting of 375 guest rooms (approximately 358,600 square feet) and ground-floor retail space (approximately 16,400 square feet) for a total of 375,000 square feet. The south group of parcels is entitled for a limited-service hotel consisting of 150 guest rooms (approximately 80,000 square feet with ground-level commercial space (approximately 10,000 square feet) for a total of 90,000 square feet.