IRELAND

1 | A UNIQUE OPPORTUNITY Situated just 10.0 km from and 14.0 km from Dublin City Centre, Hotel & Links represents a unique opportunity to acquire a luxurious and substantial seafront hotel, nestled between the picturesque villages of and in North . The only hotel in the Dublin area to have its own championship links golf course and direct beach access, Portmarnock Hotel & Golf Links is a highly popular destination amongst discerning guests who seek convenient access to Dublin City, in tranquil and elegant surroundings. The property, which is ranked in the top 100 golf courses in the UK and Ireland, offers prospective purchasers significant growth opportunities, in addition to the benefit of an already profitable and well established hotel trading business.

Where nothing is overlooked but the sea…

2 | | 3 INTRODUCTION On behalf of Mr Simon Coyle of Mazars Ireland, Statutory Receiver to Natworth Limited, Jones Lang LaSalle Hotels & Hospitality Group has been appointed as exclusive selling agent for the prestigious Portmarnock Hotel & Golf Links, located just minutes drive from Dublin Airport and Dublin City Centre. Offered for sale with part freehold and part long leasehold title and the benefit of full vacant possession, the 138 guestroom Portmarnock Hotel & Golf Links boasts an attractive full service four star hotel and 18 hole championship links golf course, designed by legendary golfer Bernard Langer.

One of only an estimated 150 traditional links golf courses in the world

4 | | 5 INVESTMENT HIGHLIGHTS ΐΐ An easily accessible location, situated just minutes from both Dublin City Centre and Dublin Airport. ΐΐ Available with the benefit of freehold / long leasehold title and full vacant possession. ΐΐ A high quality hotel product with a wide service offering including 138 well-appointed guestrooms, the Jameson Bar, Sea View Lounge, Osborne Restaurant and extensive conferencing and banqueting facilities. ΐΐ An extremely popular 18 hole championship links golf course ( 71 / 6,512 metres), designed by the legendary golfer Bernhard Langer. ΐΐ Over €2.2m has been invested in the hotel and golf course since 2010, to both maintain and upgrade asset quality and drive improved trading performance. ΐΐ Development potential exists for the construction of a new and substantial golf clubhouse facility and driving range on a portion of the lands. ΐΐ Dublin is a buoyant hotel trading environment, with Ireland’s capital city recording its third consecutive year of double digit RevPAR growth in 2013. ΐΐ The property offers considerable value add potential, along with the option for domestic or international hotel brand affiliation, if so desired.

BER No. 800232266 A superb quality hotel offering, capable of international branding

6 | | 7 LOCATION Portmarnock Hotel & Golf Links is situated just 10.0 km northeast of Dublin Airport and 14.0 km north of Dublin City Centre and is located within easy reach of all of Dublin City’s main arterial routes. The hotel and links golf course also has extensive frontage along the Strand Road (R108) in Portmarnock, overlooking the famous Velvet Strand beach and boasting unrivalled views across the Irish Sea. Together with the neighbouring and also affluent village of Malahide, Portmarnock is situated on the Dublin Area Rapid Transport (DART) line, which provides regular train services to and from Dublin City.

TRAVEL DISTANCES FROM PORTMARNOCK HOTEL & GOLF LINKS

Dublin's M1 Motorway (Dublin to Belfast) 8.0 km

Dublin's M50 Motorway (Dublin's Main Orbital Route) 9.5 km

Dublin International Airport 10.0 km

Dublin City Centre 14.0 km

Source: Google Maps

8 | | 9 IRISH SEA

Portmarnock Golf Club Velvet Strand 18 Hole Championship Links

SITE OVERVIEW Situated on a high profile 69 hectare (170.5 acre) site, directly adjacent to the Irish Sea, Portmarnock Hotel & Golf Links offers the potential to acquire a significant and rare land bank in an affluent and highly sought after area of north County Dublin. Forming the northern portion of the Portmarnock peninsula, the site was once owned by Mr John Jameson (of the Jameson Whiskey family) who used it as his principal residence and private golf course. Today, the area around Portmarnock is synonymous with links and a separate championship links golf course, known as Portmarnock Golf Club, is also situated directly to the south of the property. Portmarnock Golf Club has hosted the on 19 separate occasions, welcoming golfing greats such as Seve Ballesteros, , , Bernhard Langer and Padraig Harrington.

10 | Site boundaries are not definitive and are outlined for guidance and identity purposes only | 11 HOTEL OVERVIEW Portmarnock Hotel & Golf Links benefits from a high quality hotel product with a wide service offering, including 138 well-appointed guestrooms, the Jameson Bar, Sea View Lounge, Osborne Restaurant and extensive conferencing and banqueting facilities. A combination of modern elegance and a 19th century home, once owned by the Jameson Whiskey dynasty, the property also includes a highly popular 18 hole championship links golf course, designed by the legendary golfer Bernhard Langer.

KEY HOTEL FACTS

Guestrooms 138 guestrooms offering sea, garden and golf views Jameson Bar, Sea View Lounge and Osborne F&B Facilities Restaurant A total of 7 meeting rooms, including the 292 sq.m Meeting Rooms Moyne Suite Health & Beauty Gym, sauna and 3 spa treatment rooms 18 hole championship links golf course designed by Golf Course Bernhard Langer Car Parking 170 surface car parking spaces

Garden Secret garden with outdoor events space

Beach Access Private access to Portmarnock Beach

Source: Hotel Management

Over €2.2m has been invested in the property since 2010

12 | | 13 GUESTROOMS Portmarnock Hotel & Golf Links offers a total of 138 recently refurbished and spacious guestrooms and suites, three of which are located within the historic 19th century Jameson House. The remainder of the guestrooms are located within the main hotel building, a new wing of which was added in 2002. All guestrooms offer impressive views across the golf course, sea and/or private garden, whilst all of the guestroom inventory has undergone a soft refurbishment program since 2010. Over €2.2m has been invested in the hotel and golf course since 2010, to both maintain and upgrade asset quality and drive improved trading performance. Spacious guestrooms, boasting stunning and picturesque views

14 | | 15 FOOD & BEVERAGE Portmarnock Hotel & Golf Links has a wide food & beverage including the Jameson Bar, Seaview Lounge and Osborne Brasserie. The Jameson Bar, boasting original oak panelling and high ceilings, is the ideal venue for a leisurely drink after a round of golf. The recently refurbished Sea View Lounge offers magnificent views over , whilst the hotel’s main dining restaurant, the Osborne Brasserie, provides 70 covers and a wonderful choice of international cuisine.

Sample a Jameson Irish Whiskey in the home of its creator Mr John Jameson

16 | | 17 CONFERENCING AND MEETING FACILITIES The Portmarnock Hotel & Golf Links offers seven well-presented meeting rooms including the recently refurbished Moyne Suite, which can accommodate over 300 persons and is highly popular for both weddings and corporate events. The meeting accommodation is summarised in the table below:

ROOM SIZE sq.m THEATRE BANQUET COCKTAIL BOARDROOM U-SHAPE

Moyne 292.0 300 200 350 65 - Suite Links 130.0 90 75 120 35 - Suite Strand 81.0 50 30 70 27 - Suite Suite 42.3 25 - - 22 - 402 Suite 44.2 - - - - 22 405 Suite 46.7 - - - 16 - 407 Suite 18.4 - - - 6 - 408

Source: Hotel Management

The Moyne Suite has recently been tastefully refurbished in January 2014

18 | | 19 THE LINKS PORTMARNOCK The hotel offers a highly ranked championship links golf course which was redesigned by the two time US Masters Champion, Bernhard Langer, in 1995. The 18 hole Par 71 course, which extends to 6,514 metres, consists of elevated tees, gently undulating fairways, strategically placed bunkers “There are very few places in Europe which could have allowed me the and large fast greens. Offering uninterrupted views across the Irish coastline and designed in opportunity and landscape to design such a classic championship links. the traditional links style, The Links Portmarnock provides a challenge for I hope all those who play it discover its magic and challenging beauty” golfers of all abilities.

BERNHARD LANGER

20 | | 21 FURTHER INFORMATION For further information and to obtain a confidentiality agreement please contact a member of the Jones Lang LaSalle project team directly. Daniel O’Connor | Vice President Jones Lang LaSalle Hotels & Hospitality Group 10/11 Molesworth Street, Dublin 2, Ireland t: +353 1 673 1609 m: +353 86 028 8753 email: [email protected] Alistair Greenhalgh | Vice President Jones Lang LaSalle Hotels & Hospitality Group One Piccadilly Gardens, Manchester, t: +44 161 828 6440 m: +44 7870 999794 email: [email protected] Jonathan Hubbard | CEO Northern Europe Jones Lang LaSalle Hotels & Hospitality Group 30 Warwick Street, London, W1B 5NH t: +44 207 399 5530 m: +44 7921 492681 email: [email protected] Chris Moore | National Director Jones Lang LaSalle Hotels & Hospitality Group One Piccadilly Gardens, Manchester, United Kingdom t: +44 161 828 6470 m: +44 7713 311360 email: [email protected]

These particulars were prepared in March 2014. Jones Lang LaSalle, for themselves and for the vendors of the property, whose agents they are, give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers and constitute neither the whole nor any part of an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but should satisfy themselves by searches, enquiries, surveys and inspections or otherwise as to the correctness of each of them; (iii) no person in the employment of Jones Lang LaSalle has authority to make or give any representation or warranty whatever in relation to the property. BER No. 800232266 22 | | 23