HILTON AIRPORT

Malahide Road, Northern Cross, Dublin 17, For Sale by Private Treaty HILTON INTRODUCTION ge | 2 Pa

JLL has been appointed as exclusive Opened in 2006 and Offered for sale with the selling agents for the high quality, including 166 generously benefit of long leasehold modern, upscale Hilton Dublin sized guestrooms, the title (475 year lease at a Airport Hotel, operated under hotel boasts the recently nominal rent), the Hilton the Hilton Hotels & Resorts brand. refurbished Burnell Bar Dublin Airport boasts Ideally located in the rapidly & Grill, popular meeting an established trading growing Dublin hotel market, the spaces, extensive secure history, a wide and very property is conveniently situated car parking and full air- well invested full service near Dublin City’s M1 and M50 conditioning throughout. offering and exciting motorways, just minutes from Dublin upside potential. City Centre and Dublin Airport. INVESTMENT HIGHLIGHTS

Occupying a high profile Modern, purpose location at the entrance to built, full service Northern Cross Business Hilton hotel, opened Campus, a popular office and in 2006 and built by retail scheme boasting major Walls Construction, corporates such as Mylan, one of Ireland’s Aramark and Experian, all leading building just minutes from Dublin City contractors Centre and Dublin Airport Hilton Dublin Airport Hotel | 3

The hotel offers 166 well- Operated with the benefit appointed guestrooms, of long term management the recently refurbished agreement with Hilton, the Burnell Bar & Grill, the hotel is superbly well placed Walls Suite ballroom (250 to capitalise on the growing person capacity), extensive North American long haul surface and underground demand at Dublin Airport, car parking and full air- in addition to city conditioning throughout centre demand

A profitable and well The Dublin hotel market managed trading business, experienced RevPAR with exciting scope for growth of +8% in 2017, further performance growth whilst Dublin Airport and currently benefiting from passenger numbers a recent and high quality increased by +6% to a F&B refurbishment record 29.6 million in 2017 Page | 4 Hilton Dublin Airport Hotel | 5

The only Hilton branded hotel, boasting one of the best quality hotel products in the Dublin Airport catchment Rogerstown Estuary

Portrane

Newbridge Demense

Donabate Balrothery

Kilsallaghan A high profile location, with diverse demand drivers Newtown Cross

Kilcoscan

The Island Golf Club Chapelmidway SWORDS

Kilbride

St. Margarets Golf & Country Club

Ward Cross Airside Retail Park Airside Business Park Malahide Castle & Gardens

North Runway - Dublin Airport M1 Ward

Malahide Golf Club DUBLIN Dublin AIRPORT Airport Central KINSEALEY Portmarnock Golf Links Horizon Logistics Park Portmarnock HILTON DUBLIN AIRPORT Ballycorden M50 Airways Portmarnock Littlepace IKEA Industrial Park R139 Golf Club Gulliver's Clonshaugh Business Northern Cross Retail Park & Technology Park Business Campus Northwood Business Campus M50 Clarehall Shopping M50 R107 Malahide Road Centre Whitestown Industrial Park Ongar Beaumont Village Abbotstown Malahide Road Hospital Retail Centre Junction Sutton Bayside SUTTON Howth

Clonsilla HOWTH Blanchardstown Dublin City University Howth ARTANE Howth Head Raheney Golf Club ParkwayNavan Road Ashtown Broombridge St. Annes St Patrick's College Castleknock National Port Tunnel Golf Club Botanic Drumcondra Gardens Summerton

R oyal Ca Clontarf Road nal Drumcondra CLONTARF M50 Lucan Royal Dublin Golf Club PHOENIX PARK Dublin Zoo

Phoenix Connolly Station Islandbridge Park Heuston Station DUBLIN Tara Street Stops CITY CENTRE Pearse Train line Station Motorway Dock Port Tunnel Selected &Cherry Parkwest Orchard Landsdowne Rd Demand Drivers Bluebell Dolphin's Barn Grand Canal

Drimnagh

Walkinstown ParadeSydney Clondalkin Crumlin

Ballymount Milltown Booterstown M50 UCD

Blackrock Belgard Blackrock Kingswood Seapoint

Rathfarnham MonkstownSalthill & Churchtown Dún Laoghaire Monkstown

Dún Laoghaire Dundrum Tallaght Ballyroan &

Ballyboden Kill Of The Grange Glenagery Galloping Green

Dalkey Deans Grange Aylesbury Whitechurch

Sandyford Marlfield Bohernabreena Woodtown

Cabinteely Fort Bridge Rogerstown Estuary

Portrane

Newbridge Demense

Donabate Balrothery

Kilsallaghan

Newtown Cross

Kilcoscan

The Island Golf Club A HIGH PROFILE LOCATION & Chapelmidway SWORDS Kilbride EXTENSIVE DEMAND CATCHMENT St. Margarets Golf & Country Club MALAHIDE Ward Cross The hotel occupies a high profile location at the entrance to Northern Cross Business Airside Retail Park Campus in Dublin 17, a popular office and retail scheme boasting major corporates such Airside Business Park Malahide Castle & Gardens Mylan, Aramark, Aer Rianta and Experian. The immediate vicinity offers popular local amenities such as over 560 apartments in Burnell Square, Meadows & Byrne Homeware,

North Runway - Dublin Airport M1 Bank of Ireland, Eurospar, Giraffe Childcare as well as host of shops in Clarehall Shopping Ward Centre, anchored by Tesco.

Malahide Golf Club DUBLIN Dublin AIRPORT Airport PORTMARNOCK Offering excellent connection to the nearby M50 and M1 motorways, the location has Central KINSEALEY strong transport links including dedicated airport shuttle bus, and nearby Portmarnock Golf Links Horizon Logistics Park DART services, all just minutes from Dublin City Centre and Dublin Airport. Portmarnock Hilton Dublin Airport Hotel | 7 Tyrrelstown

Ballycorden M50 Airways Portmarnock Littlepace IKEA Mulhuddart Industrial Park R139 Golf Club Blanchardstown Gulliver's Clonshaugh Business Northern Cross Retail Park & Technology Park Business Campus Northwood Business Campus M50 Clarehall CLONGRIFFIN Shopping M50 R107 Malahide Road Centre Whitestown Industrial Park MALAHIDE, PORTMARNOCK, Ongar Beaumont Village Abbotstown Malahide Road SANTRY Hospital Retail Centre BALDOYLE Howth Junction Sutton Bayside SUTTON Howth HOWTH & CLONGRIFFIN Kilbarrack

Clonsilla HOWTH Blanchardstown Dublin City The surrounding areas of Malahide, Portmarnock, Howth and Clongriffin serve as an Clonsilla Dunsink University RAHENY Howth Castleknock ARTANE Howth Head Raheney Golf Club excellent demand catchment for the hotel. Malahide, Portmarnock and Howth are Harmonstown Coolmine ParkwayNavan Road Dublin city’s most affluent northern suburbs, combining high value residential living Ashtown with numerous tourism attractions including Malahide Village and Castle and Howth Broombridge Killester St. Annes St Patrick's College Village and Head. The area also boasts numerous world famous golf courses such as Castleknock National Port Tunnel Golf Club Botanic Drumcondra Gardens Portmarnock Golf Club and Portmarnock Hotel & Golf Links, the latter having been Summerton acquired by Kennedy Wilson in recent years.

R oyal Ca Clontarf Road nal Drumcondra CLONTARF M50 Lucan Royal Dublin There are also major complimentary residential and commercial developments under Golf Club Palmerstown PHOENIX PARK way in the vicinity, including the ongoing development of Clongriffin Town with 5,000 Dublin Zoo new residents and nearby residential development at Belmayne. In addition, adjacent Phoenix Connolly Station Islandbridge Park Heuston lands at Belcamp have recently been granted permission for a major residential scheme. Station DUBLIN DUBLIN PORT Chapelizod Tara Street CITY CENTRE Pearse Ballyfermot Station Kilmainham Grand Inchicore Canal Dock

&Cherry Parkwest Orchard Clondalkin Landsdowne Rd Bluebell Dolphin's Barn Grand Canal Sandymount

Drimnagh

Walkinstown ParadeSydney Clondalkin Crumlin

Ballymount Kimmage Rathgar Milltown Terenure Booterstown Booterstown M50 Perrystown Clonskeagh UCD

Blackrock Belgard Blackrock Kingswood Windy Arbour Seapoint

Rathfarnham MonkstownSalthill & Templeogue Churchtown Mount Merrion Dún Laoghaire Goatstown Monkstown

Dún Laoghaire Stillorgan Dundrum Tallaght Tallaght Ballyroan &Sandycove Glasthule Knocklyon

Ballyboden Kill Of The Grange Glenagery Firhouse Galloping Green

Dalkey Leopardstown Deans Grange Aylesbury Ballinteer Sallynoggin Dalkey Whitechurch

Sandyford Marlfield Cornelscourt Foxrock Bohernabreena Woodtown Rockbrook Killiney

Cabinteely Fort Bridge Ballyogan DUBLIN AIRPORT

Dublin Airport passenger numbers increased by +6% to 29.6 million in 2017, making it one of the fastest growing airports in . The airport has experienced a +200% increase in long haul passenger numbers in the last 6 years.

29.6 million 85% Passengers travelled through Dublin Of all air-traffic in/out of Ireland is Airport in 2017 through Dublin Airport

DUBLIN - LONDON US Pre-Clearance Page | 8 Page Busiest route in Europe and The only major European airport No. 2 in the world with pre-clearance

+16,000 +6% Jobs directly supported by Dublin Airport Dublin Airport passenger growth in 2017

5th +20 Most flights in Europe to Flight destinations in North America North America

Source: DAA

In addition, Dublin Airport is about to benefit from two new major infrastructural developments, comprising a new Northern Runway and the construction of over 41,000 sq.m of new office space on the airport campus. Both of these developments are currently underway, with the Northern Runway expected to deliver 30% gain in connectivity by 2034. Dublin Airport Authority recently announced its plans to increase its capital projects spending from €150M to €300M per annum. Hilton Dublin Airport Hotel | 9 MODERN FULL SERVICE HILTON HOTEL, PURPOSE BUILT TO A HIGH QUALITY BY WALLS CONSTRUCTION Page | 10 Page The Hilton Dublin The property boasts Importantly, the Opened in 2006 Airport Hotel is a 166 well-appointed hotel is also fully modern purpose en-suite guestrooms, air-conditioned and 7 floors over basement car park built hotel, laid out including 5 feature it includes 7 meeting over basement to suites. In addition, rooms, 2 external 166 guestrooms sixth floor levels, in August 2017 the terraces, a modern with the main hotel completed a dry gym, business Recently refurbished Burnell Bar reception, public full refurbishment lounge and large & Restaurant areas and restaurant/ and relaunch of secure underground 7 meeting rooms including the bar located at the Burnells Bar & car-park. 250 capacity Walls Suite ground floor level, in Restaurant, with addition to the hotels average F&B spend New modern dry gym Hilton Dublin Airport Hotel | 11 main function room. increasing strongly as a result. 166 car spaces across ground and basement levels GENEROUS & FULLY AIR-CONDITIONED GUESTROOMS

The Hilton Dublin Airport Hotel boasts a total of 166 high quality and modern guestrooms.

All guest rooms are equipped with the latest amenities and the accommodation is broken down as follows:

Room Type No. of Rooms Standard Rooms 156 Accessible Rooms 5 Suites 5 Total 166 Page | 12 Page

SPACIOUS GUESTROOM ACCOMMODATION, INCLUDING FIVE FEATURE SUITES Hilton Dublin Airport Hotel | 13

The hotel also benefits from an extensive surface and secure underground car park, comprising 166 car spaces in total. REFURBISHED F&B FACILITIES, COMPLIMENTED BY POPULAR MEETING ROOMS

In August 2017, the hotel completed a full refurbishment and relaunch of the Burnells Bar & Restaurant, with average F&B spend increasing strongly as a result. This tasteful refurbishment has not only improved the hotel’s overall service offering, but it has increased capacity and capture within its F&B outlets. Page | 14 Page

BURNELLS BAR & RESTAURANT RECENTLY UNDERWENT A FULL REFURBISHMENT Hilton Dublin Airport Hotel | 15

The hotel also benefits from a ballroom with capacity for 250 persons (banqueting style) and 6 additional meetings rooms across ground and first floors.

We have summarised below the capacities of the hotel’s meeting spaces:

Room Area (sq. ft.) Theatre Banquet Conference Boardroom 264 - - 12 Caribe 264 18 - 14 Castellana 264 18 - 14 Mobley 648 38 40 20 Mobley 1 264 18 - 14 Mobley 2 264 18 - 14 Plaza 648 40 40 20 Plaza 1 264 18 - 14 Plaza 2 264 18 - 14 Roosevelt 486 30 30 20 Walls Suite 3,819 300 250 - Walls Suite 1 1,820 120 110 - Walls Suite 2 1,820 120 110 -

Conveniently located near the M1 and M50 motorways, and with excellent parking and just minutes from Dublin City Centre and Dublin Airport, the hotels conferencing and banqueting offering presents significant growth potential. The popular Walls Suite includes a dedicated bar and pre-function space

EXCITING FUTURE POTENITAL

IMPROVING TRADING F&B PERFORMANCE GROWING CONFERENCING PERFORMANCE GROWTH & BANQUETING DEMAND A rare opportunity to acquire a Burnells Bar & Restaurant The Hilton Dublin Airport benefits purpose built and internationally has recently undergone an from a 250 capacity ballroom and branded upscale hotel, in extensive refurbishment, resulting 6 additional high quality meeting an operating market which in an improving average spend rooms. With easy access to all of the experienced +8% RevPAR growth and a discerning clientele. city’s arterial motorway routes and in 2017. The Dublin Airport This successful refurbishment is ample car parking, the hotel is well hotel market is substantially still in ‘ramp up’ mode and presents positioned to capture additional undersupplied and there an important new design template MICE demand. remains significant ADR growth for the rest of the hotel. potential at the hotel. Page | 18 Page LONG TERM HILTON RAPIDLY EXPANDING MANAGEMENT AGREEMENT DUBLIN CITY & WITH AREA OF AIRPORT DEMAND PROTECTION Dublin Airport has commenced the Hilton is one of the largest construction of a new runway which, hospitality companies in the world at an estimated cost of €320 million, with over 4,600 hotels (758,000 is the biggest project the airport has rooms) owned, managed or undertaken since it finished Terminal franchised across 100 countries. In 2. New infrastructural projects in addition the award-winning Hilton addition to the strong demand from Honors loyalty programme is the over 1,000 companies located around largest of its kind with over 50 the airport, will underpin the hotel’s million members worldwide. strong performance going forward. HILTON DUBLIN AIRPORT

Malahide Road, Northern Cross, Dublin 17, Ireland

Contact Details:

DANIEL O’CONNOR Senior Vice President | Hotels T: +353 1 673 1609 E: [email protected]

JACK FOX Hotel Agent | Hotels T: +353 1 673 1656 E: [email protected]

BER DETAILS

BER NO. 800460131 Energy Performance Indicator 460.69 kWh/m2/yr 1.01

PSP Licence No. 002273

Disclaimer: These particulars were prepared in January 2018. Jones Lang LaSalle (JLL), 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 rep- resentations 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.

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