LINKED HOTEL TERMINAL 2 - Savills

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LINKED HOTEL TERMINAL 2 - Savills
TERMINAL 2
LINKED
HOTEL
DEVELOPMENT
LINKED HOTEL TERMINAL 2 - Savills
HIGHLIGHTS
    Ready to go opportunity to develop and operate a full service 402 bedroom 4 star hotel directly                         A UNIQUE OPPORTUNITY TO DEVELOP, INTERNATIONALLY BRAND AND OPERATE A
    connected to Terminal 2 Dublin Airport. Full planning permission on a prime 0.81 acre site owned
    by Dublin Airport. Savills now seek expressions of interest for the development and operation of                        TERMINAL LINKED HOTEL AT THE FASTEST GROWING MAJOR AIRPORT IN EUROPE.
    this hotel, which will be developed under a Finance, Build, Operate and Transfer (FBOT) model.

                                                                                                                                                                            H
                                                                                                                                                                            O
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    DUBLIN AIRPORT                                    THE HOTEL DEVELOPMENT
      Terminal 2 opened in 2010                         Less than 100m from Terminal 2                                           IRISH
      25 million passengers in 2015, up 15% on 2014      Walking distance from Terminal 1 accessible through                 EMPLOYMENT           FORECAST          STRONG DUBLIN      TOP 10 “BORN ON
      Fastest growing major airport in Europe            covered walkway                                                     GROWTH OF 2.9%      9.6M VISITOR       REVPAR GROWTH,        THE INTERNET
     Passenger numbers are up 12% YTD 2016
    	                                                   Planning for 22,840 sq m 11 storey hotel                               FASTEST         ARRIVALS IN 2016   23% IN 2015 & 2016     COMPANIES”
    	
     The only major European airport with                402 bedrooms, 27 sq m average size
                                                                                                                              IN WESTERN            UP 12%         FORECAST OF 20%       BASED IN DUBLIN
                                                                                                                                EUROPE
      US Pre-Clearance                                 	
                                                        Significant F&B opportunities and extensive meeting room capacity
                                                         RevPAR grew by 27% in 2015 in Dublin Airport Area Hotels
                                                       	
                                                        The best hotel development site in Ireland

2                                                                                                                                                                                                          3
LINKED HOTEL TERMINAL 2 - Savills
IN 2015, DUBLIN HANDLED
                                                                                                                                OVER 1M CONNECTING
                                                                                                                                PASSENGERS FOR THE FIRST TIME
                                                                                                                                                                                                                          HISTORIC TRAFFIC
                                                                                                                                                                                                                          AT DUBLIN AIRPORT
                                                                                                                                In 2016, this will reach 1.3m, driven by Aer Lingus
                                                                                                                                                                                                                          30
                                                                                                                                development of Dublin as a gateway. Since 2014,
                                                                                                                                Aer Lingus added the following long-haul routes:
                                                                                                                                                                                                                          25

                                                                                                                                                                                                  Passengers (Millions)
                                                                                                                                2014
                                                                                                                                                                                                                          20

                                                                                                                                TORONTO &                                                                                 15

                                                                                                                                SAN FRANCISCO                                                                             10

                                                                                                                                                                                                                           5

                                                                                                                                2015                                                                                       0
                                                                                                                                WASHINGTON DC                                                                              1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Est

                                                                                                                                                                                                                                        Pax (Millions)                   Linear Pax (Millions)

                                                                                                                                2016
                                                                                                                                LOS ANGELES,
                                                                                                                                HARTFORD & NEWARK                                                                         CONNECTING PASSENGERS
                                                                                                                                                                                                                          AT DUBLIN AIRPORT
                                                                                                                                LONG HAUL TRAFFIC ALSO RECORDED SIGNIFICANT                                               1.4

                                                                                                                                                                                                                          1.2
                                                                                                                                GROWTH SINCE 2010 AND ALL THREE MAJOR US                                                  1.0

                                                                                                                                                                                                  Millions
                                                                                                                                CARRIERS NOW OPERATE FROM DUBLIN:                                                         0.8
    As an island nation, with an open economy, global connectivity                                                                                                                                                        0.6
    is critical to Ireland and Dublin Airport handles almost
    70% of all Irish air traffic.                                                           VOTED NO.1 EUROPEAN                                                                                                           0.4

                                                                                                                                                                                                                          0.2
                                                                                            AIRPORT FOR                         United Airlines (3 routes)                                                                0.0
    Dublin Airport recorded very strong growth during the last                                                                                                                                                                        2011        2012        2013         2014        2015         2016

    2 years, with annual passenger numbers increasing by                                    PASSENGER SERVICE IN                                                                                                                                                                                     Exp

    over 3m pa in 2015.                                                                     2015 (15-25M PAX)
                                                                                                                                Delta (2 routes & adding Boston in 2017)
    Passenger numbers are up 12% YTD 2016.
                                                                     DUBLIN AIRPORT WAS THE 2016 WORLD ROUTES
                                                                                                                                                                                                                          LONG HAUL PASSENGER
    In 2016 Airport traffic exceeded 100,000 daily passengers
                                                                     AWARD WINNER FOR AIRPORTS IN THE 20-50                     American Airlines (4 routes)
                                                                                                                                                                                                                          GROWTH AT DUBLIN
    4 times. 47 days in 2016 were busier than the previous
    busiest day ever.                                                MILLION PASSENGERS PER YEAR CATEGORY                                                                                                                 4.0

                                                                                                                                Air Canada operates two Dublin routes, while Etihad and
    Dublin Airport is home to Aer Lingus (IAG), Ryanair (the                                                                                                                                                              3.0
                                                                                                                                Emirates fly twice daily to the Middle East. In 2015, Dublin

                                                                                                                                                                                                  Millions
    world’s largest international carrier) and 35 other Airlines.
                                                                                                                                obtained its first scheduled service to sub-Saharan Africa with                           2.0
                                                                       Dublin to London - second busiest international air      Ethiopian Airlines flying to Addis Ababa 3 times a week.                                  1.0
    Terminals 1 and 2 and the airport business community               route in the world
    on your doorstep.                                                                                                                                                                                                     0.0
                                                                       The only major European airport with US pre-clearance                                                                                                        2010       2011      2012       2013      2014       2015      2016

    A vibrant, established and connected business community.           Terminal 2 opened in 2010                               MORE CONNECTING PASSENGERS ARRIVING                                                                                                                                  Exp

                                                                       Parallel Runway and Airport Masterplan cater for         IN DUBLIN AND STAYING FOR UP TO 2 NIGHTS
    Strategic and established commercial hub.                          future growth                                            BEFORE CONTINUING THEIR JOURNEY.

4                                                                                                                                                                                                                                                                                                                5
LINKED HOTEL TERMINAL 2 - Savills
PHASE 1

    ACCESS
                                                                                                                                                                       DUBLIN AIRPORT     PHASE 2
                                                                                                                                                                          CENTRAL     DUBLIN AIRPORT
                                                                                                                                                     2,268                               CENTRAL
                                                                                                                                                  SPACE
                                                                                                                                                 CAR PARK

    Dublin Airport is only 11.5km from Dublin City Centre and                                                                           HOTEL SITE                                               MALDRON
                                                                                                                                                                                                  HOTEL

                                                                                                                                                      DGE
    benefits from the best transport links in Ireland:

                                                                                                                                                     BRI
    M1 (2km)                                                                                              TERMINAL 1                                                                                   RADISSON HOTEL

                                                                                                                                                     K
                                                                                                                                                 LIN
    North to Belfast (90 minutes) and south to city centre, 20
    minutes via Port Tunnel.

    M50 (5km)
    Dublin’s orbital motorway, which links the airport to all
    major destinations:
        M2 (North West) - Derry
        M4 (West) - Galway                                                                                                             TERMINAL 2
        M7/8/9 (South West) - Cork, Limerick & Waterford
        M11 (South) - Waterford & Wexford

                                                                                          HIGH PROFILE SITE IN THE
                                                                                          HEART OF DUBLIN AIRPORT

                                                                                     M1

                 M3
                                             M2                                                      1.   Glasnevin Cemetery Museum                                                                            TRANSPORTATION
                                                                                                     2.   Dublin Zoo

                               N3            M50                                                     3.   Trinity College
                                                                                                                                               O VER 1,400 LOCAL,
                                                                                                                                               URBAN & NATIONAL
                                      11                         10

                                                                                                     4.   Croke Park
                                                                 1       4                           5.   3Arena                               BUS AND COACH
      M4                      N4                        2
                                                                12
                                                                         6
                                                                                 9

                                                                                 5
                                                                                                     6.   Convention Centre Dublin             DEPARTURES DAILY
                                                                     3   7                           7.   Bord Gáis Energy Theatre
                                                                             8
                                                                                                                                                                                                                   CAR HIRE
                                                                                                     8.   Aviva Stadium                        Planned Metro North Rail line linking Dublin
                                            DUBLIN                                                                                             Airport to City Centre is currently on hold.
                                                                                                     9.   Dublin Port Tunnel
                            N7

            TO
                                                                                                     10. DCU - Dublin City University           erminals 1 & 2 are within walking
                                                                                                                                               T
            M7/M8/M9
                                    N81
                                                                                                                                               distance served by a covered walkway.
                                                                                                     11. National Aquatic Centre
                                                                                            N11

                                                                                                     12. Old Jameson Distillery
                                                                                          M50

6                                                                                                                                                                                                                               7
LINKED HOTEL TERMINAL 2 - Savills
DUBLIN AIRPORT
    CENTRAL
    DUBLIN AIRPORT HAS A LONG
    TERM VISION TO ACCOMMODATE
    FUTURE PASSENGER GROWTH OF                                                                T2 Ho
                                                                                                   tel
    UP TO 55M PER ANNUM

    DUBLIN AIRPORT CENTRAL*
         Create a Business Campus at Dublin Airport. Works
         commenced in 2015
          ewly refurbished ONE Dublin Airport Central fully let to ESB
         N
         International
          direct link from the new office campus to the Terminal 2
         A
         Hotel link bridge is planned
                                                                          Zone 1 Masterplan

    VIBRANT BUSINESS COMMUNITY
         A virtual Dublin Airport Central “Chamber of Commerce”
         Dedicated tenant focused property team
          arge corporate network at Dublin Airport including
         L
         SR Technics, An Post, Boeing, Aer Lingus Head Office
         and many more

    *Source: Dublin Airport Central Draft Masterplan February 2016

8                                                                                                        9
LINKED HOTEL TERMINAL 2 - Savills
TERMINAL 2                                                                      DUBLIN AIRPORT
     LINKED HOTEL                                                                    HOTELS RECORDED
                                                                                     STRONG REVPAR
         High profile site with an impressive 11 floor hotel (40m tall)              GROWTH OF 27%
         Full grant of planning until 24th March 2019
         The link corridor connecting T2 arrivals & departures, ground
                                                                                     IN 2015
         transportation and 2,268 space short term car park passes the               YTD September 2016 RevPAR growth
         hotel at main reception floor                                               of 19%.

     Ground Level
     Road frontage, alternative entrance, fitness suite, retail, ancillary and
     extensive back of house.
                                                                                     IN 2014,
     1st floor                                                                       MONTHLY OCCUPANCY
                                                                                     WAS OVER 90%
     Meetings & Events floor providing extensive meeting room capacity
     and F&B opportunities.

     2nd floor
     Main hotel entrance, reception and open plan restaurant and bar.
                                                                                     FOR 4 MONTHS
                                                                                     Dublin Airport Hotels monthly occupancy
     Upper floors                                                                    levels of more than 90% were achieved
     402 Bedrooms with an average area of 27 sq m, including 6 suites.               in four months of 2014, increasing to six
     Upper floors will have stunning views of the airport, sea, city and             months in 2015 and seven months this year.
     mountains.
                                                                                     Source: STR Global

     SCHEDULE OF ACCOMMODATION

             Floor                                       Function                                         Area sq m
           Ground               Roadside entrance, Fitness, Retail & Back of House                         2,475

              1st                              Meetings & Events / F&B                                     2,737

                                Level access to Terminal 2 through concourse, Main
             2nd                                                                                           2,494
                                        Hotel Entrance, Reception and F&B

         3rd to 10th                            402 Bedrooms & Suites                                 1,910 to 1,839

             Total                                                                                        22,840

10                                                                                                                                11
LINKED HOTEL TERMINAL 2 - Savills
THE MARKET:

     IRELAND
     IRELAND CONTINUES TO DELIVER A STRONG
     PERFORMANCE IN ECONOMIC, CORPORATE
     AND LEISURE METRICS.

     Ireland was Europe’s fastest growing economy in 2014 and 2015. Latest estimates reveal                    FINAL CONSUMPTION EXPENDITURE AND GROSS CAPITAL FORMATION (Q2 ‘15 - Q2 ‘16)
     Ireland’s domestic economy is growing at a faster rate than any other country in Europe.
                                                                                                               8
     This is supported by strong jobs growth of 2.9% pa and reduced government deficit
     which allows for increased expenditure and more robust capital investment.                                7

                                                                                                               6

                                                                                                               5

     SIGNIFICANT SHARE                                  THE ONLY ENGLISH                        % CHANGE Y/Y   4

     OF EUROPEAN FDI                                    SPEAKING COUNTRY                                       3

     (FOREIGN DIRECT                                    IN THE EUROZONE                                        2

     INVESTMENT)                                        (339M PEOPLE)
                                                                                                               1

                                                                                                               0

                                                                                                                                                                                                 Germany

                                                                                                                                                                                                                                                                                                                                                               Italy

                                                                                                                                                                                                                                                                                                                                                                                                                  Hungary
                                                                                                                      Ireland

                                                                                                                                Romania

                                                                                                                                          Sweden

                                                                                                                                                   Estonia

                                                                                                                                                             Latvia

                                                                                                                                                                      Croatia

                                                                                                                                                                                Serbia

                                                                                                                                                                                         Spain

                                                                                                                                                                                                           Macedonia

                                                                                                                                                                                                                       Malta

                                                                                                                                                                                                                               Bulgaria

                                                                                                                                                                                                                                          France

                                                                                                                                                                                                                                                   Netherlands

                                                                                                                                                                                                                                                                 Belgium

                                                                                                                                                                                                                                                                           Poland

                                                                                                                                                                                                                                                                                    Slovenia

                                                                                                                                                                                                                                                                                               Finland

                                                                                                                                                                                                                                                                                                         Slovakia

                                                                                                                                                                                                                                                                                                                    Lithuania

                                                                                                                                                                                                                                                                                                                                Denmark

                                                                                                                                                                                                                                                                                                                                          Austria

                                                                                                                                                                                                                                                                                                                                                    Portugal

                                                                                                                                                                                                                                                                                                                                                                       Czech Republic

                                                                                                                                                                                                                                                                                                                                                                                        Greece

                                                                                                                                                                                                                                                                                                                                                                                                 United Kingdom
     20% of new US investment in Europe
     comes to Ireland.

                                                                                                               Source: Eurostat

12                                                                                                                                                                                                                                                                                                                                                                                                                          13
LINKED HOTEL TERMINAL 2 - Savills
THE MARKET:

     DUBLIN
     IRELAND’S POLITICAL, ECONOMIC AND CULTURAL CENTRE,
     IS A LIVELY AND CONTEMPORARY CAPITAL BRIMMING
     WITH PERSONALITY AND CHARM.

     With 1.9m people (greater area), Dublin benefited from significant
     investment in recent years. Vibrant and affordable, Dublin attracts
     the world’s top creative talent, who aspire to work in the tech                                                              TOP DUBLIN ATTRACTIONS             2015 VISITOR NUMBERS
     capital of Europe. It offers a city with a sense of history, creativity,
     a lively mixed-use city center, diverse retail offerings and multiple
     leisure activities on a much smaller footprint than megacity rivals.                   1.9 MILLION                                    Guinness Storehouse             1,498,124
                                                                                            POPULATION
         Excellent standard of living supporting a positive work/ life balance.                                                                 Dublin Zoo                 1,105,005

         Thriving social scene, proving integral for networking.
                                                                                                                                          National Aquatic Centre           991,554
         Thousand-year history and Georgian elegance, Dublin attracts tourists
         from all corners of the globe.
                                                                                       9.6 MILLION OVERSEAS                         Book of Kells, Trinity College          767,996
      	
       Dublin’s cultural offering and global reputation for hospitality makes it a      VISITORS IN 2016 (F)
         highly popular tourist destination. In 2015, Ireland welcomed a record
                                                                                                                                           St Patricks Cathedral           532,042
         8.6m overseas visitors.

         Infrastructure improvements have further boosted Dublin’s appeal,
                                                                                                                                            Jameson Distillery             282,056
         these include:
         Aviva Stadium     Croke Park Stadium      Bord Gais Theatre     3Arena
                                                                                     THE ONLY ENGLISH SPEAKING   Source: Fáilte Ireland
         Improvements to the M50, Dublin’s primary orbital motorway and
          on-going cross city Luas line.
                                                                                      CAPITAL IN THE EUROZONE

14                                                                                                                                                                                          15
LINKED HOTEL TERMINAL 2 - Savills
THE MARKET:

     DUBLIN                                                                         DUBLIN HOSTS:
     The Dublin Docklands or ‘Silicon Docks’ is home to a thriving creative             European headquarters for more than
     tech industry. Start-ups, scale-ups and established global corporations            1,200 international companies
     compete for skilled employees, which a vibrant city like Dublin attracts.
                                                                                        More than 50% of the world’s leading
     A combination of high-quality urban environments, a young & highly
                                                                                        financial services firms
     educated workforce, favourable regulatory environment (including 12.5%
     corporation tax) and affordable property costs.                                    9 out of the top 10 global ICT companies
                                                                                        9 out of the top 10 global pharmaceutical
     Dublin has emerged as a haven for creative talent. It is a highly attractive       companies
     investment location and is the EMEA headquarters of many of the world’s
     major companies.                                                                   All of the top 10 “born on the internet”
                                                                                        companies

                                                                                    EVENTS:
              DUBLIN IS CONSIDERED ‘EUROPE’S SILICON VALLEY’                        Dublin Airport works with Ireland’s leading
                                                                                    tourism operators including Fáilte Ireland,
                                                                                    promoting Dublin, the Region and the nation
                                                                                    as the key provider of tourist visitation.

16                                                                                                                                  17
LINKED HOTEL TERMINAL 2 - Savills
IRISH HOTEL PERFORMANCE                                                                                                                                                                                                       AFFORDABLE DUBLIN
     OVERSEAS ARRIVALS                                      10,000
                                                                                                                                                                                                                                   EUROPEAN CITIES ADR 2015
                                                             9,000

     In 2015, the number of foreign residents                8,000                                                                                                                                                                 Dublin remains relatively inexpensive compared to other European Capitals
     visiting Ireland exceeded the previous high                                                                                                                                                                                   with the city average daily rate (ADR) ranked 15th among European Cities.
                                                             7,000
     achieved in 2007, with 8.6 million visitors,
     up 13.7% on 2014.                                       6,000

                                                             5,000
     January to September 2016 arrivals were                 4,000
                                                                                                                                                                                                                                                   270
     up 12% on prior year. If full year 2016
                                                                                                                                                                                                                                                   240
     growth is 12%, then arrivals would total                3,000

     9.6m in 2016.                                           2,000                                                                                                                                                                                 210

                                                             1,000                                                                                                                                                                                 180
                                                                  0

                                                                                                                                                                                                                                   ADR (EURO)
                                                                                                                                                                                                                                                   150
                                                                             2008

                                                                                             2009

                                                                                                           2010

                                                                                                                              2011

                                                                                                                                             2011

                                                                                                                                                            2013

                                                                                                                                                                              2014

                                                                                                                                                                                                2015

                                                                                                                                                                                                            2016 (F)
                                                                                                                                                                                                                                                   120

                                                                                                                                                                                                                                                    90

                                                                                    Great Britain                        Other Europe                      USA & Canada                            Other Areas
                                                                                                                                                                                                                                                    60

                                                                                                                                                                                                                                                    30

                                                                                                                                                                                                                                                     0

                                                                                                                                                                                                                                                                                       Tel Aviv

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Moscow

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Warsaw
                                                                                                                                                                                                                                                                                                                                                                                                                                             Manchester
                                                                                                                                                                                                                                                                                                                     Rome
                                                                                                                                                                                                                                                          Geneva

                                                                                                                                                                                                                                                                    Paris

                                                                                                                                                                                                                                                                             Zurich

                                                                                                                                                                                                                                                                                                   London

                                                                                                                                                                                                                                                                                                             Milan

                                                                                                                                                                                                                                                                                                                             Amsterdam

                                                                                                                                                                                                                                                                                                                                          Copenhagen

                                                                                                                                                                                                                                                                                                                                                        Barcelona

                                                                                                                                                                                                                                                                                                                                                                     Frankfurt

                                                                                                                                                                                                                                                                                                                                                                                  Edinburgh

                                                                                                                                                                                                                                                                                                                                                                                               Istanbul

                                                                                                                                                                                                                                                                                                                                                                                                           Athens

                                                                                                                                                                                                                                                                                                                                                                                                                       Dublin

                                                                                                                                                                                                                                                                                                                                                                                                                                  Brussels

                                                                                                                                                                                                                                                                                                                                                                                                                                                          Vienna

                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Helsinki

                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Madrid

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Berlin

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Lisbon

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Prague

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Bucharest

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Budapest

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Saing Petersburg

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Sofia

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Vilnius

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Bratislava
     DUBLIN HOTEL PERFORMANCE                              €160                                                                                                                                            100%

     2007 TO 2018F                                         €140
                                                                                                                                                                                                           90%

                                                                                                                                                                                                           80%
                                                           €120
     STR reported very strong RevPAR growth in                                                                                                                                                             70%
                                                           €100
                                                                                                                                                                                                                                   EUROPEAN REVPAR 2015

                                                                                                                                                                                                                       Occupancy
     2015 (+23.4%) with high occupancies now                                                                                                                                                               60%
                                                     ADR

     allowing for ADR to finally exceed the 2007           €80                                                                                                                                             50%

     level. Average occupancy in Dublin was                €60
                                                                                                                                                                                                           40%
                                                                                                                                                                                                                                   Dublin achieved Occupancy of 82% in 2015, second only to London.
     82% in 2015 at an ADR of €112.                                                                                                                                                                        30%
                                                           €40                                                                                                                                                                     Dublin places 12th overall in European city RevPAR rankings.
     Forecast RevPAR growth in 2016 is 20% &                                                                                                                                                               20%

     7% in 2017.                                           €20                                                                                                                                             10%

                                                            €0                                                                                                                                             0%

     A competitive set for Dublin Airport hotels                                                                                                                                                                                                   225
                                                                      2007

                                                                                2008

                                                                                           2009

                                                                                                    2010

                                                                                                                  2011

                                                                                                                             2012

                                                                                                                                     2013

                                                                                                                                                    2014

                                                                                                                                                            2015

                                                                                                                                                                   2016 (f)

                                                                                                                                                                                     2017 (f)

                                                                                                                                                                                                2018 (f)

     had RevPAR growth of 19% September
                                                                                                                                                                                                                                                   200
     YTD 2016.
                                                                                                       ADR                                  Occupancy                                                                                              175

     Source: STR                                                                                                                                                                                                                                   150
                                                                                                                                                                                                                                   REVPAR (EURO)
                                                                                                                                                                                                                                                   125

                                                                                                                                                                                                                                                   100

                                                                                                                                                                                                                                                    75

     HOTEL BRANDS                                                                                                                                                                                                                                   50

     In comparison to similar sized international                                                                                                                                                                                                   25
     cities, Dublin is relatively under-subscribed
                                                                                                                                                                                                                                                     0
     from a brand perspective. This is an
                                                                                                                                                                                                                                                                                                  Tel Aviv

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Warsaw

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Moscow
                                                                                                                                                                                                                                                                                                                                                                                                          Manchester
                                                                                                                                                                                                                                                                                                                     Rome
                                                                                                                                                                                                                                                         Paris

                                                                                                                                                                                                                                                                   Geneva

                                                                                                                                                                                                                                                                            London

                                                                                                                                                                                                                                                                                      Zurich

                                                                                                                                                                                                                                                                                                             Milan

                                                                                                                                                                                                                                                                                                                            Amsterdam

                                                                                                                                                                                                                                                                                                                                         Copenhagen

                                                                                                                                                                                                                                                                                                                                                       Edinburgh

                                                                                                                                                                                                                                                                                                                                                                    Barcelona

                                                                                                                                                                                                                                                                                                                                                                                 Dublin

                                                                                                                                                                                                                                                                                                                                                                                              Frankfurt

                                                                                                                                                                                                                                                                                                                                                                                                                       Istanbul

                                                                                                                                                                                                                                                                                                                                                                                                                                  Athens

                                                                                                                                                                                                                                                                                                                                                                                                                                             Brussels

                                                                                                                                                                                                                                                                                                                                                                                                                                                          Vienna

                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Berlin

                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Lisbon

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Helsinki

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Madrid

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Prague

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Budapest

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Bucharest

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Saint Petersburg

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Vilnius

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sofia

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Bratislava
     excellent opportunity for a major brand to
     enter Dublin at the highest profile location.

18                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           19
DUBLIN AIRPORT HOTEL PERFORMANCE                                                                                                                                                           DUBLIN HOTEL DEVELOPMENT
                                                                                                                                                                                                      LIMITED DUBLIN HOTEL PIPELINE
            DUBLIN AIRPORT HOTELS RECORDED STRONG REVPAR                                                                   MONTHLY OCCUPANCY LEVELS OF MORE THAN 90% WERE
              GROWTH OF 27% IN 2015 AND 19% YTD                                                                          ACHIEVED IN FOUR MONTHS OF 2014, INCREASING TO SIX                           According to the ITIC, Dublin needs an additional 5,000 hotel bedrooms by 2020. However, the real pipeline in Dublin
                                                                                                                                                                                                      is small and growing from a zero base. The seven years from 2009 to 2015 saw just 4 new hotel openings.
             SEPTEMBER 2016, NOW DRIVEN MAINLY BY ADR.                                                                    MONTHS IN 2015 AND SEVEN MONTHS THIS YEAR.

                                                                                                                                                                                                                      2010                               2013                                  2014                                2015
                                                                                                                                                                                                               THE GIBSON                       THE MARKER                               THE DEAN                   THE TEMPLE BAR INN
                                                                                                                        4                                                                                           DUBLIN 1                           DUBLIN 2                              DUBLIN 2                            DUBLIN 2

                                                                                                                    5

                                                                                                        DUBLIN RD
                                                                                                                                                                                                                 252 Bedrooms                      187 Bedrooms                            52 Bedrooms                         99 Bedrooms
                                            NAUL RD
                     L3132

                                                                  TERMINAL 2

                                                                                                                                                                                        MALAHIDE RD
                                                                  LINK HOTEL                                                                                                                          In 2016, Savills expect Dublin room supply to grow by 1.4% mainly due to:
 32

                                                                                                                                                                                                      HOLIDAY INN EXPRESS                     MORAN RED COW                           THE NORTH STAR                 CLYDE COURT HOTEL
L31

                             R108

                                                                                                                                                                                                                    DUBLIN 1                    DUBLIN 22 (EXTENSION)                   DUBLIN 1 (EXTENSION)                 DUBLIN 4 (CLOSED)
                                                                                               1
                                                                                                   2

                                                                                                                                                  BASKIN LN

                                                                                                                                                                                                                 202 Bedrooms                      152 Bedrooms                           78 Bedrooms                         185 Bedrooms
                                                                                                   RD

             R108                                                                                                                                                                                            OPENED OCTOBER 2016              PHASED OPENING H2 2016                  DUE TO OPEN LATE 2016                CLOSED JANUARY 2016
                                                                                                  DS
                                                                                              OR
                                                                                             SW

                                                                                                                        M1

                                                                                                                                     D

                                                                                                                                                                                 RD
                                                                                                                                   AUGH R

                                                                                 3

                                                                                                                                                                                HIDE
                                                                                                                                                                                                      DUBLIN PIPELINE 2016 TO 2018
                                                                                                                                                                               MALA
                                                                                                                                 CLONSH
                                    R108

                                                                                                                             6

                                                                                                                                                                                                      750
                    M50
                                                                                                                                                  R13
                                                                                                                                                     9
                                                                                                                                                                                                      550
                                                                                      S RD

                                                                    8       7                                                                                                  10
                                                                                     ORD
                                                                                     SW

                                                                                                                                                                                                      350
                                                                                           0

                                       9
                                                                                          M5

                                                SAN
                                                      TRY
                                                                                                                                                                          RD

                                                            AVE
                                                                                                                                                                      IDE

                                                                                                                                                                                                      150
                                                                         DS RD

                                                                                                                                                                     LAH
                              R108

                                                                                                                                                                     MA
                                                                     SWOR

           MAP                                              HOTEL NAME                                                           KM TO AIRPORT                STAR                     BEDROOMS       -150

                                            Terminal 2 Linked Hotel                                                                Terminal                    4                          402
                                                                                                                                                                                                      -350
            1                                Maldron Hotel Dublin Airport                                                                   0.4                4                            251

            2                              Radisson Blu Hotel Dublin Airport                                                                0.5                4                            229
                                                                                                                                                                                                      -550
            3                                 Carlton Hotel Dublin Airport                                                                  1.7                4                            100                    Dublin 1        Dublin 2           Dublin 4             Dublin 6           Dublin 8         Dublin 22          Dublin Airport
            4                 Travelodge - Dublin Airport North Swords Hotel                                                                3.7                3                            130
                                                                                                                                                                                                               New Rooms 2016        New Rooms 2017              New Rooms 2018                                                     Source: Savills
            5                               Premier Inn Dublin Airport Hotel                                                                3.1                3                            155

            6                                 Clayton Hotel Dublin Airport                                                                  4.6                4                            469

            7                              Holiday Inn Express Dublin Airport                                                               3.3                3                             114
                                                                                                                                                                                                      Savills expect approximately 1,500 additional                   A 141 bedroom extension at the Dalata plc. owned Clayton
                                                                                                                                                                                                      bedrooms will be added to Dublin hotel supply                   Hotel Dublin Airport is expected to be the first major
            8                                Crowne Plaza Dublin Airport                                                                    3.3                4                            204       between 2016 and 2018, of which the majority will               addition to airport bedroom supply, before the expected
            9                                 Metro Hotel Dublin Airport                                                                    5.1                3                               88     be delivered in 2018.                                           opening of the Terminal 2 linked hotel in late 2019.

            10                                   Hilton Dublin Airport                                                                      7.1                4                            166
                                                                                                                                                                                                      AM:PM predicts less than 950 additional bedrooms (net of closures) in Dublin before 2019.
      20                                                                                                                                                                                                                                                                                                                                              21
HOTEL FLOORPLANS
                                                                                     FIRE        GAS
                                                                                   FIGHTING     METER                                                                           ESCAPE                                                                                                                          FIRE
                                                                                                                                                                                                                                                                                                             FIGHTING         MTG
                                                                                      LIFT                                                                                       STAIR
                                                                                                ROOM                                                                                                                                                                                                            LIFT           01

                                                                                                                                                                                                                                                                                                                                 MTG
                                                                                                                                                                                                                                                                                                                                  02                                                   FIRE
                                                                                                                                                                                                                                                                                                                                                                                       EXIT

                                                                                                                                                                                                                                                                                                                                 MTG
                                                                                                                                                                                                                                                                                                                                  03

                                                                                                                                                                                                                                                                                    KITCHEN
                                                                                                                                                                                                                                                                                                                                 MTG
                                                      SERVICE YARD
                                                                                                                                                                                                                                                                                                                                  04

                                                                                                                                                                                                                                                                                                                                 MTG
                                                                                                                                                                                                                                                                                                                                  05

                                                                                                                                                               GIVE WAY
                                                                                                                                                                                                                                                                                                                                 MTG
                                                                         SERVICE                                                                                                                                                                                                                   SERVICE                        06
                                                                           LIFT                                                                                                                                                                                                                      LIFT
                                                                                               OPERATING

                                   TRANS ROOM                                                                 RAMP NOT
                                                                                                 ROOM

                                                                                                              REQUIRED
                                                           SWITCH                                               NOW
                                                            ROOM
                                                                                                                                                                                                                                                                                                                                 MTG
                                                                                                                                                                                                                                                                                                                                  07
                                                                                                                                    RIGHT                   RIGHT
                                                                                                                                  TURN ONLY               TURN ONLY                                                                                  MULTI - PURPOSE
                                                                                                                                                                                                                                                          ROOM                                                                   MTG
                                                                                                                                                                                                                                                                                                          BREAKOUT
                                                                                                                                                                                                                                                                                  BREAKOUT

                                                                                                                                                                                                                                                                                                                                                                    GIVE WAY
                                                                                                                                                                                                                                                                                                             AND                  08                                           RIGHT
                                                                                                                                                                                                                                                                                    AREA                 CIRCULATION                                                           TURN
                                       BEAUTY TREATMENT                                                                                                                                                                                                                                                                                                                        ONLY
                                                                                                                                                                                                                                                                                                            AREA
                                           FACILITY                                                         BOTTLE
                                                                                                            STORE
                                                                                                                                                                                                                                                                                                                                 MTG
                                                                                                                                                                                                                                                                                                                                  09

                                                                                                             KEG
                                                                                                            STORE
                                                                                                                                                                                                                                                                                                                                 MTG

                                                                                                                                                                                         GROUND FLOOR*                                                                                                                                                                                        FIRST FLOOR*
                                                                                                                                                                                                                                                                                                                                  10
                                                            BIN STORE

                                   LAUNDRY                                                                                                                                                                                                                                              DISABLED
                                                                                                                                                                                                                                                                                         REFUGE
                                                                                                             DRY                                                                                                                                                                         SPACE
                                                                                                            GOODS

                                                                                                                           ACCESS
                                                                                                                           BARRIER
                                                                                                                                         ACCESS
                                                                                                                                         BARRIER
                                                                                                                                                     ACCESS
                                                                                                                                                     BARRIER
                                                                                                                                                                    ACCESS
                                                                                                                                                                    BARRIER
                                                                                                                                                                                            DROP OFF                                                                                                                                       TOILETS                                               MEETINGS & EVENTS
                                                                                                           CROCKERY
                                                                                                                                                                                            SECONDARY ENTRANCE                                 OFFICE AND
                                                                                                                                                                                                                                               CLOAKROOM
                                                                                                                                                                                                                                                                                                                                                                                                 FOOD & BEVERAGE
                                                             LINEN                                           STORE
                                   CRECHE

       HOTEL
                                                             STORE
                                                                                                                            LANES
                                                                                                                            MERGE
                                                                                                                            AFTER
                                                                                                                           BARRIER
                                                                                                                                          LANES
                                                                                                                                          MERGE
                                                                                                                                          AFTER
                                                                                                                                         BARRIER
                                                                                                                                                      LANES
                                                                                                                                                      MERGE
                                                                                                                                                      AFTER
                                                                                                                                                     BARRIER
                                                                                                                                                                     LANES
                                                                                                                                                                     MERGE
                                                                                                                                                                     AFTER
                                                                                                                                                                    BARRIER
                                                                                                                                                                                            LEISURE                           HOTEL
                                                                                                                                                                                                                             ACCESS
                                                                                                                                                                                                                                                                                                                            VOID
                                                                                                                                                                                                                                                                                                                         OVER CAR PARK
                                                                                                                                                                                                                                                                                                                        ENTRANCE LEVEL
      ACCESS
       ROAD                                                                                                                                                                                                                   ROAD

                                                          LIFT    LIFT       SERVICE
                                                                               LIFT
                                                                                                           STATIONARY
                                                                                                              STORE                                                                         ANCILLARY                                                                                      LIFT          SERVICE
                                                                                                                                                                                                                                                                                                           LIFT

                                                                                                                                                                                                                                                                BREAKOUT
                                                                                                                                                                                                                                                                   AND

                                                                                                                                                                                            BACK OF HOUSE
               LAYBY                                                                                                                                                                                                                  LAYBY
                                                                                                                                                                                                                                      / DROP   EXT.TERRACE     CIRCULATION
               / DROP
                 OFF               HOTEL FOYER                                                                                                                                                                                          OFF                       AREA
                                                                                                                                                                                                                                                                                                                                           BREAKOUT

                                                                                                                                                                                                                                                                                                                                                                    GIVE WAY
                                                                                                                                                                                                                                                                                 LIFT      LIFT                                              AREA                              RIGHT
                                                          LIFT    LIFT
                                                                                                                                                                                                                                                                                                                                                                               TURN
                                                                                                                                                                                                                                                                                                                                                                               ONLY
                                                                                   LUGGAGE
                                                                                    STORE

                                                                                                                                                                                                                                                                                                                                 MTG
                                                                                                                                                                                                                                                                                                                                  11
                                                                                                           MAINTENANCE
                                                                                                              ROOM                                                                                                                                                                                                               MTG
                                                                                                                                                                                                                                                                                                                                  12

                                                                                                                                                                                                                                                                        MEET &
                                                   HEALTH AND                                                                                                                                                                                                           GREET
                                                WELLNESS FACILITIES
                                                                                                            LOST AND
                                                                                                              FOUND
                                                                                                                                                                                                                                                                                                                                 MTG
                                                                                                                                                                                                                                                                                                                                  13

               GOODS
                DROP
                 OFF
                                                   LEISURE AND
                                                 FITNESS FACILITY                                             PLANT                                                                                                                                                                                                              MTG
                                                                                                              ROOM                                                                                                                                               RESTAURANT                                                       10

                                                                                                                                                                                                                              T2 LINK BRIDGE                                               KITCHEN
                        FOOTPATH

                                                 HOTEL GIFT SHOP
                                                                                                                                                                                FIRE
                                                                                                                                                                      FIRE    ESCAPE
                                                                                                                                                                      EXIT     STAIR

                                                                                                                                                                                                                                                                                                                                   STORE
                                                                                                                                                                                                                                                                                           STORES
                                                                                                                                                                                                                                                                                                                                                           ENTRANCE
                                                                                              PABX                                            ENTRANCE
                                                                                              ROOM                                                                                                                                                                                                                                                           PLAZA
                                                                                                                                                PLAZA                                                                                                                                                                                        VIP /
                                                                                                              RAMP NOT                                                                                                                                                                                                                       CREW
                                                                                                              REQUIRED                                                                                                                                                                                                                      LOUNGE
                                                  STAFF CHANGES                                                 NOW
                                                   AND CANTEEN
                                                                                                                                                                                                                                                                                                                                SERVICE
                                                                                                                           FIRE                                                                                                                                                                                                   LIFT                  HEIGHT
                                                                                              SERVICE
                                                                                                                                                                                                                                                                                                                                                      RESTRICTION
                                                                                                LIFT                     ESCAPE          HEIGHT
                                                                                                                                                                                                                                                                                                                                                         SIGN
                                                                                                                          STAIR        RESTRICTION
                                                                                                                                          SIGN

                                                                                                                                                                                                                                                                                              DISABLED
                                                                                                                                                                                                                                                                                               REFUGE
                                                                                                                                                                                                                                                                                               SPACE         FIRE
                                                                                                                                                                                                                                                                                                          FIGHTING
                                                                                                                                                                                                                                                                                                             LIFT

                                                                                                                                                                                         * Internal layout can be amended.                                                                                                                                                                    * Internal layout can be amended.

22                                                                                                                                                                                                                                                                                                                                                                                                                                23
3
                                                                                                                                                                                                                                                                                                                                                     4

                                                                                                                                                                                                                                                                                                                                50

                                                                               FIRE
                                                                            FIGHTING
                                                                               LIFT
                                                                                                                                                                                                                                                                                                      FIRE
                                                                                                                                                                                                                                                                                                   FIGHTING
                                                                                                                                                                                                                                                                                                      LIFT
                                                                                                                                                                                                                                                                                                                                49
                                                                                                                                                                                                                                                                                                              1
                                                                                                                                        FUTURE BRIDGE
                                                                                                                                         LINK TO GTC                                                                                                                                                          2

                                                                                                                                                                                           FIRE
                                                                                                                                                                                           EXIT
                                                                                                                                                                               FIRE
                                                                                                                                                                               EXIT
                                                                                                                                                                                                                                                                                                  51

                                                                                                                                                                                                                                                                                                                                                     5
                                                                                                                                                                                                                                                                                                              3
                                                                                                                                                                                                                                                                                                              4
                                                                                                KITCHEN

                                                                                                                                                                                                                                                                                                  50

                                                                                                                                                                                                                                                                                                                                                     6
                                                                                                                                                                                                                                                                                                  49

                                                     OPEN KITCHEN                                                                                                                                                                                                                                             5
                                                                                                                                                                                                                                                                                                              6

                                                                 SERVICE
                                                                   LIFT                                                                                                                                                                                                                           48
                                                                                                                                                                                                                                                                                                  47

                                     RESTAURANT                                                                                                                                                                                                                                                               7

                                                                                                                                                                                                                                                                                                                                48
                                                                                                                                                                                                                                                                                                              8

                                                                                                                                                                                                                                                                                                  46
                                                                                                          TOILETS
                                                                                                                                                                                                                                                                                                  45

                                                                                                                                                                                                                                                                                                              9
                                                                                                                                                                                                                                                                                                              10
                                                                                                                                                                                                                                                                                                                                47
                                                                                                                                                                                                  SECOND FLOOR*                                                                                                                                              TYPICAL BEDROOM
                                                                                 MEET &
                                                                                 GREET                                                                                                                                                                                                            44
                                                                                                                                                                                                                                                                                                  43
                                     BAR                                                                                                   PUBLIC CONCOURSE TO GTC

                                                                                                                                                                                                     CONCOURSE
                                                                                                                                                                                                                                                                                                              11
                                                                                                                                                                                                                                                                                                              12   WHEELCHAIR
                                                                                                                                                                                                                                                                                                                                                             FLOOR*
                                                                                                                                                                                                                                                                                                                                                     7
                                                                                                                                                                                                                                                                                                                   ACCESSIBLE
                                                                                                                     RECEPTION/ ADMIN

                                                                                                                                                                                                                                                                                                  42

                                                               VOID +
                                                                                                                                                                                                     HOTEL ENTRANCE                                                                               41
                                                                                                                                                                                                                                                                                                                                                              	FLOOR 3 TO 8
                                                                                                     RECEPTION

                                                             FEATURE STAIR

                                                                                                                                                                                                                                                                                                                                                     8          51 BEDROOMS
                                                                                                                                                                                                                                                                                                              13

      HOTEL
                                                                                        FOYER
                                                                                                                  PORTER                                                                             LOBBY / RECEPTION                                                            LINEN
                                                                                                                                                                                                                                                                                  ROOM
                                                                                                                                                                                                                                                                                                              14

     ACCESS
      ROAD
                                                                                                                                                                                                                                       HOTEL
                                                                                                                                                                                                                                      ACCESS
                                                                                                                                                                                                                                       ROAD                                                                                                                     AVERAGE SIZE 27 SQ M
                                                     LIFT     LIFT    SERVICE
                                                                        LIFT
                                                                                                                                                                                                     BAR                                                                   LIFT    LIFT         SERVICE
                                                                                                                                                                                                                                                                                                  LIFT

                                                                                                                                                                                                                                                                                                                                                              	FLOOR 9 & 10
                                                                                                                 LUGGAGE

                                      COFFEE AREA            LOBBY                                                                                                                                                                                                                                            15   WHEELCHAIR

                                                                                                                                                                                                     RESTAURANT
                                                                                                                                                                                                                                                                                                                   ACCESSIBLE
              LAYBY    EXT.TERRACE                                                                                                                                                                                                             LAYBY
              / DROP                                                                                                                                                                                                                                                                                          16

                                                                                                                                                                                                                                                                                                                                                                45 BEDROOMS / 3 SUITES
                                                                                                                                                                                                                                               / DROP
                OFF
                                                                                                                                                                                                                                                 OFF       FLOOR OVER
                                                                        SERVICE                                                                                                                                                                          CONCOURSE FLOOR
                                                     LIFT

                                                                                                                                                                                                                                                                                                                                46
                                                                         DUCT                                    KIOSK                                                                                                                                                             LIFT           SERVICE
                                                                                                                                                                                                                                                                           LIFT                    DUCT

                                                                                                                                                                                                                                                                                                   DISABLED
                                                                                                                                                                                                                                                                                                                                                                AVERAGE SUITE SIZE 42 SQ M
                                                                                                                                                                                                  All on the same level as
                                                                                                                                                                                                                                                                                                    REFUGE
                                                                                                                                                                                                                                                                                                    SPACE

                                                                                                                                                                                                                                                                                                              17

                                                                                                                                                                                                  the link to terminal 2,
                                                                                                                                                                                                                                                                                                                                45
                                                                                                                                                                                                                                                                                                  40          18

                                                            ENTRANCE                                                                                                                              arrivals and car park
                                                              LOBBY

                                                                                                                                                                                                  pedestrian entrance.                                                                            39          19   WHEELCHAIR
                                                                                                                                                                                                                                                                                                                   ACCESSIBLE

                                                                                                                                                                                                                                                                                                  38          20

                                                                                                                                                                                                                                                                                                                                                     9
                                                                                                                                                                     ACCESS TO GTC
                                                                                                                                                                       (FUTURE)

                                                                                                                                                                     ACCESS TO T2                                                                                                                 37          21
                                                                                                                                                                                                                                                                                                  36          22

                                                                                                                                                                                                                                                                                                                                                     10
                                                                                                                                                                                      ATM ROOM
                                                                                                                                                                                                                                                                                                  35          23
                                                                                                                                                                                                                                                                                                  34          24

                                                                                                                                                              4 NO. TICKET
                                                            T2 LINK BRIDGE                                                                               VALIDATION MACHINES
                                                                                                                                                                                                                                        T2 LINK BRIDGE

                                                                                                                                                                                                                                                                                                                                44
                                                                                                                                                                                           FIRE
                                                                                                                                                                                         ESCAPE
                                                                                                                                                                           FIRE           STAIR                                                                                                   33          25
                                                                                                                                                                           EXIT
                                                                                                                                                                                                                                                                                                  32

                                                                                                                                                                                                                                                                                                                                43
                                                                                                                                                    ENTRANCE                                                                                                                                                  26
                                                                                       6 NO. TICKET VALIDATION                                        PLAZA                                                                                                                                                                               ENTRANCE
                                                                                       MACHINES (BY OTHERS)                                                                                                                                                                                                   27                            PLAZA

                                                                                                                                                                                                                                                                                                  31

                                                                                                                                                 HEIGHT                                                                                                                                           30
                                                                                                                    FIRE                       RESTRICTION                                                                                                                                                                             HEIGHT
                                                                                                                    EXIT                          SIGN                                                                                                                                                                               RESTRICTION
                                                    MEETERS AND GREETERS SEATING                                                                                                                                                                                                                                                        SIGN

                                                                                                                                                                                                                                                                                                              28

                                                                                                                                                                                                                                                                                                              29

                                                                                                                                                                                                                                                                                     DISABLED

                                                                                                                                                                                                                                                                                                                                                     11
                                                                              FIRE
                                                                           FIGHTING                                                                                                                                                                                                   REFUGE
                                                                                                                                                                                                                                                                                      SPACE         FIRE
                                                                              LIFT
                                                                                                                                                                                                                                                                                                 FIGHTING
                                                                                                                                                                                                                                                                                                    LIFT

                                                                                                                                                                                                  * Internal layout can be amended.                                                                                                                          * Internal layout can be amended.
                                                                                                                                                                                                                                                                                                                                                     12   WHEELCHAIR
                                                                                                                                                                                                                                                                                                                                                          ACCESSIBLE
24                                                                                                                                                                                                                                                                                                                                                                                               25
TENURE                                                                                                           AGENT
     The development is being undertaken using an FBOT
     (Finance, Build, Operate, Transfer) approach to the                                                              Tom Barrett
     build and operation of the hotel.                                                                                +353 (1) 618 1415
                                                                                                                      tom.barrett@savills.ie
     PROCESS & TIMELINE
     It is anticipated that an RFI will run from late 2016                                                            Aaron Spring
     to early 2017. Based on RFI submissions, it is                                                                   +353 (1) 618 1446
     anticipated that a small number of interested parties                                                            aaron.spring@savills.ie
     will be issued with an RFT in Q1 2017, with an
     anticipated submission date in Q2 2017.                                                                          Andrew Sherry
                                                                                                                      +353 (1) 618 1452
                                                                                                                      andrew.sherry@savills.ie
     VIEWING
     Strictly by appointment with the sole selling agents,
     Savills Hotels & Leisure.
                                                                                                                      DUBLIN AIRPORT
                                                                                                                      Lisa Jordan
                                                                                                                      +353 (87) 356 3027
                                                                                                                      lisa.jordan@daa.ie

     Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions,
     dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change.
     Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars
     and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor any of its employees have any authority to
     make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by
     an intending purchaser/Lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are
     conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the
     property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland.

26
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