215 North Mesa Street, El Paso, TX 79901

Boldface Hospitality Advisors ("BHA") is pleased to exclusively offer for sale the fee-simple interest in the Historic Banner Building ("Property"), a ±35,000 SF, five-story landmark asset at 215 North Mesa Street in Downtown El Paso, Texas. The Property is being presented as a premier boutique hotel conversion opportunity — a rare chance to deliver curated guestrooms, richly designed public spaces that honor the building's century-old character, a full-service lobby restaurant and bar, and a rooftop bar and patio in one of the Southwest's most storied and rapidly revitalizing downtown locations.

Originally completed in 1910 and designed by the celebrated firm Trost & Trost, the Banner Building stands as El Paso's first reinforced concrete high-rise. Its five floors, exposed concrete facade, and prominent corner presence at Mesa and Mills Streets — directly across from San Jacinto Plaza — create the ideal canvas for a high-character boutique hotel that is as compelling to guests as it is to investors. The hotel may operate as a fully independent boutique property or affiliate with a lifestyle brand under Hilton, Marriott, Hyatt, or IHG's soft brand collections subject to franchise approval.

The Banner Building offers one of the most compelling incentive stacks in U.S. hospitality real estate — four programs working in concert to reduce development costs, expand the capital stack, and eliminate capital gains on appreciation: (i) 20% Federal and 25% State Historic Tax Credits; (ii) Opportunity Zone qualification, which eliminates capital gains tax on appreciation after a 10-year hold; (iii) TEA/HUA qualification ($800K minimum investment instead of $1.05MM) for EB-5 Investors; and (iv)Tax Increment Reinvestment Zone (TIRZ) designation.