13 Economic Interests in LLC's 3 Properties Offered at $77,829,536 in Fort Worth, TX

LLCS WHICH OWN INDIRECT INTERESTS IN REAL ESTATE ON BEHALF OF THE LENDER NOTIFICATION OF DISPOSITION OF COLLATERAL BY PUBLIC SALE
AUCTION FINAL BID DATE - MAY 6, 2025 NOON PDT, NOTIFICATION OF DISPOSITION OF COLLATERAL BY PUBLIC SALE, Edward P. Roski, Jr., Trustee of the Edward P. Roski, Jr. Living Trust UID 11/1/1987, as amended (“Secured Party”), holds a first priority security interest in the assets of Craig Cavileer, individually and in his capacity as Trustee of the Craig and Charlene Cavileer Family Trust (collectively, the “Debtor”), which are described in the Summary of Interest section below (collectively, except as modified herein, the “Collateral”) pursuant to certain Pledge Agreements executed by the Debtor in favor of Majestic Realty Co., a California corporation (“Majestic”) (the “Pledge Agreements”) which secure the obligations set forth in certain promissory notes executed by the Debtor in favor of Majestic (collectively, the “Notes”). The Pledge Agreements and the Notes were assigned by Majestic to Secured Party pursuant to certain Assignments of Pledge Agreements. PLEASE TAKE NOTICE THAT Braun International, Inc. (“Braun”) will on behalf of Secured Party sell the Collateral to the highest qualified bidder at public sale (the “Auction”), as follows: Day and Date: May 6, 2025, Time: 12:00 p.m. (Pacific Daylight Time)
Place: VIA ZOOM (Zoom information will be provided to Qualified Bidders). PLEASE TAKE FURTHER NOTICE THAT: The Debtor is in default of his obligations under the Notes.
The unpaid balance due under the Notes, including unpaid principal and interest (but excluding other costs and attorneys’ fees) as of February 28, 2025 is $77,829,536.21. Interest after February 28, 2025 will continue to accrue on the Notes after such date. In order to obtain information about the Collateral being sold, a potential bidder should go to Braunco.com. In order to obtain more detailed information, a potential bidder will be required to sign a Confidentiality Agreement, a copy of which may be obtained by contacting Braun at email: info@braunco.com; tel.: 866.568.6638×100. To participate in the Auction, bidders will need to execute a Qualified Bidder Certification and comply with certain Bid Procedures and Qualified Bid Requirements, to be furnished by Braun. The Auction will be conducted pursuant to the Bid Procedures. There is no warranty relating to title, possession, quiet enjoyment or the like in the Collateral or the disposition of the Collateral. This Notice of Disposition of Collateral by Public Sale is delivered pursuant to and in accordance with the provisions of Section 9613 of the California Commercial Code. PLEASE TAKE FURTHER NOTICE THAT you are entitled to an accounting of the unpaid indebtedness secured by the Collateral that we intend to sell.
SUMMARY OF INTERESTS - A fifty percent (50%) interest in Exchange Hotels GP Holdco, LLC, a Delaware limited liability company, which holds a one hundred percent (100%) membership interest in Exchange Hotels GP, LLC, a Delaware limited liability company, which is the general partner of (but holds a 0% ownership interest in) Stockyards Station Hotel, L.P., a Texas limited partnership, which owns the 5-story, 101-room Hyatt Place Forth Worth Historic Stockyards hotel located on 3.394-acres at 132 E Exchange Ave, Fort Worth, TX 76164. A fifty percent (50%) interest in Exchange Hotels Management Holdco, LLC, a Delaware limited liability company, which holds a one hundred percent (100%) membership interest in Exchange Hotels Management, LLC, a Delaware limited liability company, which is the management company of (i) Stockyards Station Hotel, L.P., a Texas limited partnership, which owns the 5-story, 101-room Hyatt Place Forth Worth Historic Stockyards hotel located on 3.394-acres at 132 E Exchange Ave, Fort Worth, TX 76164, (ii) Stockyards Station Hotel II, LLC, a Delaware limited liability company, which owns the 6-story 200-room Hotel Drover located on 6.68-acres at 200 Mule Alley, Fort Worth, TX 76164, and (iii) Delightful Boutiques 31, LLC, a Delaware limited liability company, which owns the 3-story, 52-room Stockyards Hotel located on 1.95-acres at 109 E Exchange Ave, Fort Worth, TX 76164. A forty two percent (42%) interest in FW Boutique Hotels, LLC, a Delaware limited liability company, which holds a fifty percent (50%) membership interest in Delightful Boutiques 31, LLC, a Delaware limited liability company, which owns the 3-story, 52-room Stockyards Hotel located on 1.95-acres at 109 E Exchange Ave, Fort Worth, TX 76164. A forty five percent (45%) interest in FW Coliseum, LLC, a Delaware limited liability company, which holds a fifty percent (50%) membership interest in Stockyards Coliseum, LLC, a Texas limited liability company, which operates the Cowtown Coliseum, a 2,400- seat arena located at 121 E Exchange Ave, Fort Worth, TX 76164. The Cowtown Coliseum land and improvements are owned by the city of Fort Worth. A forty four percent (44%) interest in FW Marine Exchange Hotels, LLC, a Delaware limited liability company, which holds a thirty two and 496/1000 percent (32.496%) limited partnership interest in Stockyards Station Hotel, L.P., a Texas limited partnership, which owns the 5-story, 101-room Hyatt Place Fort Worth hotel located on 3.394-acres at 132 E Exchange Avenue, Fort Worth, TX 76164. A thirty two and 29/100 percent (32.29%) interest in Majestic Everman Investor, LLC, a Delaware limited liability company, which holds a fifty percent (50%) membership interest in Fort Worth Everman/Risinger Development, LLC, a Texas limited liability company, which owns and operates three industrial warehouses and undeveloped land for a combined 157.44 acres. The warehouses are located at 473 Successful Drive, 100 Successful Drive, and 9401 Hemphill Street in Fort Worth, TX 76134 and are 258,213 square feet, 159,932 square feet and 781,530 square feet, respectively. A twenty six and 923/1000 percent (26.923%) interest in Majestic Mercantile, LLC, a Delaware limited liability company, which holds a seventy eight and 788/1000 percent (78.788%) membership interest in MB Mercantile & Supply, LLC, a Texas limited liability company, which does not own or operate any properties or businesses and is in the process of being dissolved. A thirty five percent (35%) interest in Majestic Pahrump Holdings, LLC, a Delaware limited liability company, which owns undeveloped land located at 3651 State Hwy 160, Pahrump, NV 89048. A twenty eight percent (28%) interest in Majestic Silver Creek Investor, LLC, a Delaware limited liability company, which holds a fifty percent (50%) membership interest in FW 820, LLC, a Texas limited liability company, which (i) owns and operates a 1,108,938 square foot general industrial/warehouse-use building located at 9449 Silver Creek Road, Fort Worth, TX 76108, and (ii) wholly owns Verna Trial Fort Worth, TX 76108.
PLEASE REVIEW OFFERING MEMORANDUM FOR DESCRIPTION OF EACH INTEREST & ASSET