WELCOME TO IRELAND’S FAVOURITE HOTEL
Stunning Scenery, Historic Sights and a Piece of Paradise at Harvey’s Point
SWISS HOTEL-KEEPING AND IRISH HOSPITALITY
LAKESIDE RESORT - DONEGAL TripAdvisor’s ‘Best 4 star Hotel in Ireland’ for 6 consecutive years 2013 - 2018 INVESTMENT HIGHLIGHTS
Savills is delighted to present the off-market sale of Harvey’s Point Hotel in Co Donegal, Ireland. This is an outstanding opportunity to acquire one of Ireland’s finest hotels, superbly located on the shores of Lough Eske.
ąą Modern 4 star hotel, largely dating from 2005 ąą 60 luxury suites (52 sq m to 87 sq m) and four penthouse suites (160 sq m) in the main hotel. Probably the largest bedrooms in Ireland, attracting the highest 4 star ADR ąą Large F&B business in the bars, restaurant, function and conference rooms ąą Additionally, The Lodge at Harvey’s Point offers 13 cruise ship style bedrooms and generous public areas ąą Stunning mountain and lakeside setting on c. 11.3 HA (28 acres) ąą Winner of numerous Hospitality and Tourism awards ąą Highly profitable business ąą Located in the heart of Donegal on Ireland’s Wild Atlantic Way ąą Irelands favourite hotel
Harvey’s Point Hotel | 5 77 EXISTING BEDROOMS
HIGHLY PROFITABLE
MODERN PURPOSE BUILT
NUMEROUS AWARDS
EXPANSION POTENTIAL NOW
6 | Harvey’s Point Hotel Harvey’s Point Hotel | 7 LOCATION
Donegal 76 Derry 88 Wild Atlantic Way
Belfast Situated 6km from 188 Donegal Town, Harvey’s Point enjoys a
Knock magical location on the 124
shores of Lough Eske Dublin 234 and at the foot of the Blue Stack Mountains.
Shannon 276
Rosslare 387
Kerry 385
Cork 408
Donegal was named the ‘Coolest Place on the Planet 2017’ by National Geographic Traveller
8 | Harvey’s Point Hotel MALIN HEAD
Ballyliin Fanad Lighthouse Golf Course TORY ISLAND
DERRY
Glenveagh National Park Mt. Errigal Grianan of Aileach
ROSSBEG STRABANE
LOUGH ESKE
DONEGAL Sliabh Liag Lough Derg
Harvey’s Point Hotel | 9
The perfect base to explore the rugged beauty of the North West of Ireland and the Wild Atlantic Way BEHOLD DONEGAL
This rugged area marks the Whether you’re looking for a relaxing getaway in north-western contour of the stunning surrounds, or fancy an exhilarating outdoor Wild Atlantic Way. adventure, the Northern Headlands of Donegal have it all. With breath-taking scenery, golden beaches, rocky islands and a beautiful array of wildlife, this northern – almost untouched – stretch of the Wild Atlantic Way is an absolute essential, any time of the year.
12 | Harvey’s Point Hotel Key Attractions
Wild Atlantic Way Mountains Giant’s Causeway 2,500km along the Mount Errigal and known to the Irish Atlantic coast from Sliabh Liag (highest as the 8th Wonder Donegal to West Cork sea cliffs in Europe) of the World
Historic Points Golf National Parks Grianan of Ballyliffin Irish Open Glenveagh National Aileach and Beltany 2018 and Portrush Park, Maghera Stone Circle The Open 2019 Beach and Caves
Game of Thrones Islands Beaches & Surfing HBO Globally Inishbofin Island Thirteen Blue renowned TV series and Tory Island Flag beaches
Harvey’s Point Hotel | 13 In 1983, Jody Gysling was on holidays in PROPERTY Donegal and visited Lough Eske. Here he found a little piece of Switzerland, hidden HISTORY away in the hills of Donegal. The attraction of the snow-capped Blue Stack Mountains was complimented by the friendly people, and soon Jody was to make this special corner of Ireland his home.
Jody bought an old cottage from two brothers by the name of Harvey. Over the years, many friends came to visit and so in the spirit of true Donegal hospitality, Jody entertained guests with fine food and wine. Escaping the pressures of a hectic life in Switzerland, Jody decided to stay in Ireland and built a small guest house. He started with only four rooms, but in 1989 Harvey’s Point Hotel opened to the public with twenty bedrooms and a forty seater restaurant.
Jody was joined by his brother Marc, who worked in the kitchen and local girl Deirdre, who was the receptionist. Marc and Deirdre fell in love and married in 1996. At this time, they bought the hotel from Jody. Over the years they continued to invest in the development of the property and its people. In recent years, the Gysling family have steadily reduced its management input into the business, as a strong management team was developed.
14 | Harvey’s Point Hotel Harvey’s Point AA Red Star Award
Since 2005, there has been significant investment to create the Harvey’s Point of today.
2005 56 new suites
2005 Restaurant extension
Conversion of 8 2012 Lakeshore suites
Lakeshore Restaurant 2014 refurbishment and kitchen extension
Refurbishment of The Lodge 2015 at Harvey’s Point
New Garden Suite conference 2016 and business centre
Harvey’s Bar and Terrace 2017 extension and Memories Bar
Harvey’s Point Hotel | 15 PROPERTY OVERVIEW
« 6KM TO DONEGAL TOWN
CAR PARK
MAIN C & B ENTRANCE ENTRANCE THE GARDEN SUITE
RESTAURANT
THE BALLROOM BAR & SUITE TERRACE
HELIPAD HARVEY’S POINT WOODLANDS
13 LODGE CABINS TOP FLOOR ADDITIONAL BEDROOMS 56 SUITES
8 LAKESHORE SUITES
BOAT HOUSE
MEMORIES BAR
LOUGH ESKE BEDROOMS
No of Room Room Type Location Rooms Size Potential for Additional Bedrooms
Executive Suites Main Bedroom The existing fourth floor has an executive Large suites with extensive sitting Block Ground 27 75 sq m areas, bathrooms and kitchenettes to Third Floor boardroom with panoramic views and two spa treatment rooms. The remainder is largely Deluxe Suites Main Bedroom shell and core finish and there are plans to Similar to Executive, but larger and Block Ground 15 81 sq m with jet whirl pool for two to Third Floor add 11 suites in this unused area. Located on the top floor, these suites would offer stunning Premium Suites Main Bedroom views of Lough Eske, the Blue Stack Mountains Similar to Deluxe with additional Block Ground 10 87 sq m dressing room, and all lake views to Third Floor and the surrounding Donegal scenery. If the 11 suites are completed, they would range in Lakeshore Suites size from 39 sq m to 48 sq m. However, with a Spacious sitting areas and Ground Floor 6 58 sq m different layout, we believe that 15 suites could waterfront private terraces be created here.
Lakeshore Superior Suites There are four 160 sq m penthouse suites Similar to Lakeshore Suites, Ground Floor 2 85 sq m but significantly larger on the third floor which could convert into 8 Deluxe/Premium suites. These changes Penthouse Suites Third Floor 4 160 sq m Private dining rooms, lounge & bar could increase the hotel room count by 15 to 19 suites and add very significantly to room The Lodge revenue and profits. Cabin Compact, cruise ship like cabins, 13 used mainly by weddings, groups rooms and special interest groups
18 | Harvey’s Point Hotel
FOOD & BEVERAGE
The Lakeside Restaurant Sweeping down to the shores of Lough Eske, the Lakeside Restaurant presents an elegant dining experience, featuring classic European food with an Irish twist.
Proud winner of the prestigious two AA Rosettes for culinary excellence.
20 | Harvey’s Point Hotel Accolades & Awards Harvey’s Bar & Terrace ‘Fun dining by the Lake’ TripAdvisor ‘No. 1 Hotel in Ireland’ 2013 - 2017
There is always a buzz in Harvey’s Bar where TripAdvisor ‘No. 14 Star Hotel’ in Ireland 2013 - 2018 guests can enjoy casual all day dining or sip a cocktail by the fireside, or on the terrace , AA ‘Hotel of the Year’ 2007 which was added in 2017. Georgina Campbell ‘Hotel of the Year’ 2017
RAI (Restaurants Association Ireland) Memories Bar (opened 2017) ‘Best Customer Service Award’ 2018
A reading room by day and an exclusive bar Hotel and Catering Review Gold Medal for residents by night. ‘Best Customer Service’ 2015
Conde Nast Johansens Most Excellent Service Award
Harvey’s Point Hotel | 21 CONFERENCING & BANQUETING
Harvey’s Point is the perfect destination for hosting weddings, business meetings and large conferences.
State of the art facilities, impeccable catering, divine accommodation and a famous Donegal welcome ensure that all your needs are met. The proximity of Lough Eske and the rugged beauty of the surrounding landscape offer the promise of another more relaxing world when work is over. FACILITIES FOR UP TO 230 PARKING 350 pax SPACES
The Ballroom Suite
The Ballroom Suite is very popular for weddings, Sunday Lunch and Cabaret evenings.
Room Size: 600 sq m
Room Setup
ąą Boardroom: 30+ ąą U-Shape: 40+ ąą Classroom: 200 ąą Cabaret: 300 ąą Theatre: 350 ąą Dinner: 300
22 | Harvey’s Point Hotel MEETINGS & EVENTS
The Garden Suite (opened 2017)
With a dedicated entrance and car park, this new conference and business facility opened in 2016 and can cater for up to 220 delegates.
Room size: 310 sq m
Room Setup
ąą Boardroom: 30+ ąą U-Shape: 30+ ąą Classroom: 120 ąą Cabaret: 160 ąą Theatre: 220 ąą Dinner: 160
The Boardroom
The boardroom is located on the fourth floor of the main block. This meeting room has panoramic views.
Room size: 135 sq m
Room Setup
ąą Boardroom: 10+ ąą U-Shape: 30+ ąą Classroom: 20+ ąą Cabaret: 40+ ąą Theatre: 60
Harvey’s Point Hotel | 23 TREATMENT ROOMS
Two treatment rooms are located on the fourth floor and offer a range of beauty treatments such as hot stone massage and facials using the world’s leading organic wellness brands.
Spa (Future Potential)
Within a lower ground floor area in the main bedroom block is a spa in shell & core finish. This was constructed in 2005, but not completed or opened. It could be easily finished and the current design contains a swimming pool, hot tub, jacuzzi and steam room.
We believe that such a facility would greatly enhance the offering and trade at Harvey’s Point.
EXCITING POSSIBILITY to develop a private lakeshore spa and wellness facility
24 | Harvey’s Point Hotel SHORELINE, GARDENS AND WOODLANDS
The 11.3HA (28 acres) of south facing lake front gardens and woodlands offer great potential for:
ąą additional lakeshore suites or woodland cabins ąą a wellness facility ąą water sports based around the existing boathouse and pier
Harvey’s Point Hotel | 25 THE LODGE AT HARVEY’S POINT
Thirteen cruise ship cabin style rooms with two single beds, each of which has been meticulously designed to provide comfort and relaxation.
All rooms overlook the broad sweep of Lough Eske or the Bluestack Mountains and are equipped to the highest standard with twin beds, en-suite with shower. There are three public areas within the Lodge and guests enjoy all the amenities of the hotel during their stay. There is immense potential to further develop the Lodge business. The extensive grounds, allow for further bedrooms and deluxe lakeside cabins could be added (subject to planning permission).
26 | Harvey’s Point Hotel Harvey’s Point Hotel | 27 Glenveagh National Park
THE MARKET
Ireland continues to experience the fastest rate of economic growth in the EU with total output rising at an annual rate of 8.4% at the end of 2017.
Annual GDP Growth across the EU – Q4 2017
9
8
7
6
5
4
3 % Change y/y 2
1 UK ITALY SPAIN MALTA LATVIA CYPRUS GREECE FRANCE AUSTRIA POLAND SWEDEN ESTONIA FINLAND CROATIA BELGIUM IRELAND ROMANIA SLOVAKIA HUNGARY BULGARIA DENMARK SLOVENIA GERMANY LITHUANIA PORTUGAL LUXEMBOURG NETHERLANDS CZECH REPUBLIC CZECH
Source: Eurostat CSO
GDP Growth
Underpinning this economic expansion is jobs growth. Ireland is currently creating approximately 67,000 additional jobs per annum.
GDP projections suggests that robust growth of around 4.9% and 3.9% will be attained in 2018 and 2019 respectively.
30 | Harvey’s Point Hotel DESTINATION IRELAND
In 2017 over 9.9 million people visited Ireland resulting in a 4% increase compared to the previous year.
Overseas trips to Ireland by nationality (2008 – 2017)
+4% 10,000 +11%
9,000 +14%
8,000 +9% -12% +7% 7,000 +8% +0.2% -13% 6,000 Great Britain Other Europe 5,000 USA &Canada
4,000 Other Areas No. of Trips (000’s) of Trips No. 3,000
2,000
1,000
0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: CSO
Overseas Arrivals
This growth was driven by the USA and Canada at 16%, and growth in Other European visitors of 4%, currently the second largest segment at 35% of all arrivals.
Other Areas (mainly Asia) grew by 64% between 2012 and 2017. Asia is now expected to show strong growth with the introduction of direct routes from Hong Kong (Cathay Pacific) and Beijing (Hainan) to Dublin from June 2018.
Harvey’s Point Hotel | 31 REGIONAL IRISH HOTEL MARKET
Regional Hotel Market
STR reported strong Regional RevPAR growth of 9% in 2017 for luxury and high ADR hotels. Average occupancy for this set was 68% in 2017 at an ADR of €236.
€250 68% 80% 68% 67% 65% 66% 70% €200 60%
€150 50%
40%
€100 30% Occupancy % APR/RevPAR
20% €50 10%
€0 0% 2013 2014 2015 2016 2017
ADR Regional Luxury RevPAR Regional Luxury Occ Regional Luxury
Ireland Luxury +9% RevPAR 2017
Irish GDP Forecast +5% 2018
32 | Harvey’s Point Hotel AIR ACCESS
Air Access
ąą Passenger numbers at Ireland West Airport (Knock) reached 750,000 in 2017 and it now serves 23 international destinations through routes offered by Aer Lingus, Flybe and Ryanair.
ąą In November 2017 it was announced that €15 million would be invested in Knock Airport during 2018 and 2019, to support strong passenger growth.
ąą Dublin Airport is responsible for more than 80% of all air travel to and from the Republic of Ireland and connects to 25.3 million over 191 worldwide destinations in 42 countries operated by SHORT-HAUL PASSENGERS 47 airlines. ąą Transatlantic passenger numbers increased by 20% last year to almost 3.5 million - the first time that more than 3 million 4.3 million passengers took transatlantic flights to and from Dublin LONG-HAUL PASSENGERS Airport in a single year.
ąą In 2017, short-haul traffic increased by 4% to 25.3 million, while long-haul passenger numbers increased by 19% to 4.3 million.
Harvey’s Point Hotel | 33 Tom Barrett Màirìn McCartney +353 86 989 9808 Partner +353 1 618 1415 +353 74 972 1753 [email protected] [email protected]
Savills Aaron Spring New Row 33 Molesworth Street +353 83 179 9754 Milltown Dublin 2 +353 1 618 1446 Donegal Town www.savills.ie [email protected] Co. Donegal
PSRA Licence No. 002233
Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this document 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 every care has been taken in the preparation of this document intending purchasers, Lessees or any third party should not rely on particulars and information contained therein 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 document. 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 document is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through them. The Road to Mount Errigal LAKESIDE RESORT - DONEGAL
SWISS HOTEL-KEEPING AND IRISH HOSPITALITY