Gold Lake Offering Memorandum

YOU'REINVITED

Thisisyour invitationto rediscover theessenceof living, where everybreath of the crisp mountain air carries the promise of rejuvenation and reconnection. Colorado's rugged beauty and untamed wilderness beckons thosewho seeksolaceandinspirationamongst nature'sgrandeur.

This is your story of elevation and renewal. It's a place where the bustle of everydaylifeisreplacedbyrustlingleaves.

Thisisyour ongoingreminder that the world is vast and full of wonder. With the mountains as your companions, reminding you to pause and recalibrate, to reconnect withtheearthbeneathyour feet andtheskyabove.

Thisisyour opportunity to embrace the way of life that has been cherished for generations, embrace Colorado's spirit where every breath is a reminder of the remarkable.

Culture meets Nature. Diversity and Progress. Ageless Beauty. Youthful Energy.

Nestled in theheart of theRocky Mountains,Boulder stands as a testament to the power of diversity and community. The county's demographics are a true mosaic, with people from all corners of the world coming together to create a tapestry of cultures, ideas,and experiences.From thebustlingPearl Street Mall, where musicians, artisans, and chefs display their talents, to the serene trails that wind through the mountains, connecting people to nature, Boulder invites everyone to join its vibrant blend of ages, backgrounds,and perspectives. Embrace thespirit of inclusivity, engage with innovative minds, and immerse yourself in a lifestyle that beautifully balancestraditionandprogress. Ourpreservation,ourrestoration,ourprogress.

CONNECTINGTHE WORLDWITH COLORADOLIVING

Gold Lake's expansive property presents an unparalleled value. Located 40 minutes from Boulder, nestled in the Rocky Mountains, 3 miles east of the world famous Peak-to-Peak highway. Fully approved to build arecreation and wellness sanctuary perfectly aligning with today's healthandwellnessaspirations.

90 acres

SurroundedbyUSForest ServiceProperty

35 acre

PrivateLakewithrightsfor recreational &irrigationuses

20 miles

Fromtheentranceof Rocky MountainNational Park

4.4 million

Annual Visitorsat Rocky MountainNational Park

FromBoulder,Colorado 16 miles

#1

LuxuryReal EstateMarket in theU.S. -Barron's2023

BOULDERCOUNTY DEMOGRAPHICS

- POPULATION | 329,543

- POPULATION GROWTH | +11.9%SINCE2010

- MEDIAN AGE | 36.9

- UNEMPLOYMENT RATE | 2.6%

- MEDIAN HOUSEHOLD INCOME | $87,476

- JOB GROWTH | +66%OVERNAT'L AVERAGE

- HOME OWNERSHIP RATE | 63.6%

- MEDIAN PROPERTY SALE PRICE | $842,250

- RENEWABLE ENERGY | 28%

- TOURISM IMPACT | 1.9M ANNUAL VISITORS

Sources:DataUSA,Bureauof Labor Statistics,Boulder CountySustainability, Boulder Convention&VisitorsBureau

TOP 5 PLACES TO LIVE IN THE U.S.

#1 HAPPIEST CITY IN THE U.S. -NATIONAL GEOGRAPHIC

300 MILES OF DEDICATED BIKEWAYS

70+ OLYMPIANS RESIDE IN BOULDER

#1 "AMERICA'S FITTEST CITIES"

- FORBES

45,000 ACRES OF OPEN SPACE

SeizetheMomentumof LuxuryWellness

Luxuryhasevolved significantly,withnearly80%of consumers recognizingthat it meanssomethingdifferent fromtheir parents' generation. Aspart of thisevolvingperceptionof luxury,morethantwo thirdsof Luxurytravelersareincreasinglyinclinedto seek experiencesthat not onlyset themapart but also serveasadeliberateexpressionof their uniqueidentities.

-Skift

Gold Lake is perfectly positioned as the Ideal Investment in Transformative Luxury, Experiential, and Wellness Travel. In today's hyper-connected world, spaciousness and disconnection have become the epitome of luxury.

"65%of peoplefind beingnear water improvestheir mental well-being."

-MentalHealthFoundation

$1.2T

THE LUXURY TRAVEL MARKET REACHED $1.2T IN 2021 -DELOITTE

+21%

AVERAGE ANNUAL GROWTH RATE OF WELLNESS TOURISM FROM 2020-2025

-FORBES

2X

WELLNESS TOURISM HAS SEEN EXPONENTIAL GROWTH, DOUBLING THE RATE OF OVERALL TOURISM EXPENDITURES

-SKIFT

+7.6%

THE GLOBAL LUXURY TOURISM MARKET IS GROWING AT 7.6% CAGR -DELOITTE

70%

OF TRAVELERS SEEK PURPOSEFUL TRAVEL AND MANY FOCUS ON NATURAL PRESERVATION DURING THEIR TRIPS -VIRTUOSO

76%

AMEX TRAVELERS WANT TO SPEND MORE ON TRAVEL TO IMPROVE THEIR WELL-BEING -AMEX | FORBES

THEHISTORY

MID 1800'S 1850-1860

Indigenoustribes, including the Arapaho, have a longstanding connection to the land and Gold Lake is believed asa summer home engaging in vision quests, rituals, and traditions.

LATE 1860'S

Prospectorsand settlers rush to Colorado during the Pike'sPeak Gold Rush, seeking valuable mineralslike gold.

Boulder area experiencesa mining boom as prospectorsexplore itsmountainous terrain for precious metal deposits

Chief Niwot (Left Hand), a leader of the Southern Arapaho tribe, residesin the Boulder Valley Colorado Territory is established

EARLY 1800'S

1861

Mining activitiesdecline in the region and focus shiftsto recreation. Camp Newaka for teenage girlsopensand runsuntil 1935. Main lodge wasbuilt in 1922 & bunksin 1927.

1918

EARLY 2000'S 1994

Gold Lake, a site with historical and recreational significance, continuesto captivate visitorsasa natural attraction and mountain resort to relax and reconnect.

2020

Gold Lake Mountain Resort wasfounded.

Boulder County Commission unanimously approvesthe historic designation of Gold Lake

Gold Lake Development Approval

Certificate of Appropriateness and Development Agreement approved creating site plan faithful to the preservation and sustainable development for the vision of the next owner.

THESTORY

In the mid-1800s, a fever swept across the nation? an insatiable desire to chase dreams and uncover riches in the untamed West. The allure of gold drew thousands of hopeful prospectorsto therugged landscapesof Colorado,ignitingafervent chapter in American history.Thelegacyof theColorado gold rush isentwined with thespirit of Chief Niwot,a voice of reason amid the clamor of greed. The tales of pioneers and prospectors intertwine with the enduring wisdom of the Native American tribes, creating a narrative that speaks of both resilience and responsibility. That narrative unfolds at Gold Lake where today the resounding spirit of ambitious adventure rests delicately on the resounding tribal foundation of earth, preservation, nurturing and the sacred bond betweenhumanityandtheearth.

Caribou Mining camp near Nederland, CO

-from Carnegie Library of Boulder

Chief Niwot's legacy lives on, a reminder that the pursuit of dreams should always be tempered with a deep reverence for the land, a philosophy that continues to shape the ethos of Boulder's diverse and vibrant community. Gold Lake, the Rocky Mountains and Boulder,Colorado perfectlyreflect that magical recipe in amanner that isunrivaled in the US. A destination steeped in culture, excellence, endurance, success, entrepreneurship whileequallymatchedwithrespect andadeepreverencefor thelandandour future.

Gold Lake saw its initial visits from the Arapaho Native Americans during the summer months. Progressing into the 1860s, a mining camp emerged to support the adjacent gold mines. Around 1922, the Main Lodge took shape, serving as both a dining hall and living quarters for miners. Subsequently, the property transformed into a girls' camp named Camp Newaka, later transitioning into a boys' camp. The cabins encircling the Lodge,potentiallybuilt around 1927,functioned ascamper bunks.Sincethoseearlydays, Gold Lake has transformed into a retreat destination, housing various resorts and spas over time.

APPROVED DEVELOPMENT AGREEMENT

- Relocationof theCountyRoad

- RestorationandRenovationof Historic Structures

- Additional Guest Cabins

- AmenityBuildingsincludingenhancingtheDiningandMeetingspaceof theHistoric Lodge

- AYogaandMovement Studio withHot PoolsandColdPlungeand5Individual Treatment Rooms

- Fullyapprovedfor Hot TubsandScandinavianStyleWater Journeyover -lookingthelake

- WelcomeCenter at theentrance

- FishingandBoatingDock

- Improvementsfor water treatment system,wastewater andelectric services

29 ENTITLED BUILDINGS

19 CABINS

7 ENTITLED AMENITYBUILDINGS

8 LANDMARKED HISTORIC BUILDINGS

49 KEYS

54 BED COUNT

OVERALL SITEPLAN

MAINTENANCE BLDG

WELLNESS SPA

3 BED CABIN

4 BED CABIN

3 BED CABIN

WELCOME CENTER

SACRED GATHERING SPACE

3 BED CABIN

4 BED CABIN

3 BED CABIN

GOLD LAKE LODGE

HISTORIC LIBRARY

4 BED

4

YOGA CENTER

3 BED CABIN

1 BED HISTORIC CABIN

1 BED HISTORIC CABIN

1 BED HISTORIC CABIN

1 BED HISTORIC CABIN

1 BED HISTORIC CABIN

2 BED CABIN

MASSAGE TREATMENT

3 BED CABIN

4 BED CABIN

PUMPHOUSE/RESTROOM

4

- Fully approved for Hot Tubs and Scandinavian Style

Water Journey over -looking the lake

- Welcome Center at the entrance

- Fishing and Boating Dock

- Improvements for water treatment system, wastewater and electric services

WELCOMECENTER

- Fully approved for Hot Tubs and Scandinavian Style

Water Journey over -looking the lake

- Welcome Center at the entrance

- Fishing and Boating Dock

- Improvements for water treatment system, wastewater and electric services

GREAT LODGE

- Fully approved for Hot Tubs and Scandinavian Style

Water Journey over -looking the lake

- Welcome Center at the entrance

- Fishing and Boating Dock

- Improvements for water treatment system, wastewater and electric services

WELLNESSCENTER

SACRED GATHERING

- Fully approved for Hot Tubs and Scandinavian Style

Water Journey over -looking the lake

- Welcome Center at the entrance

- Fishing and Boating Dock

- Improvements for water treatment system, wastewater and electric services

SACRED GATHERINGSPACE

- Fully approved for Hot Tubs and Scandinavian Style

Water Journey over -looking the lake

- Welcome Center at the entrance

- Fishing and Boating Dock

- Improvements for water treatment system, wastewater and electric services

RESIDENTIAL CABIN

HISTORIC CABIN

- Fully approved for Hot Tubs and Scandinavian Style

Water Journey over -looking the lake

- Welcome Center at the entrance

- Fishing and Boating Dock

- Improvements for water treatment system, wastewater and electric services

SITEDEVELOPMENT PLAN

THANK YOU

PREPARED BY JOEL RIPMASTER