Fairmont Flyer Final.Indd

Iconic Canadian Hotels

The Fairmont Royal York Hotel and The Fairmont Hotel Vancouver 1 - Iconic Canadian Hotels ICONIC HOTEL INVESTMENT OPPORTUNITY

RBC Capital Markets Realty Inc., RBC Capital Markets Real Estate Group Inc., CBRE Hotels and CBRE Limited (collectively, the “Advisor”) have been exclusively retained by Ivanhoé Cambridge (the “Vendor”) in the sale of the 1,363-room Fairmont Royal York Hotel in Toronto, ON (the “Royal York”) and of the 556-room Fairmont Hotel Vancouver (“Hotel Vancouver”) in Vancouver, BC (collectively, the “Hotels”). This is a rare opportunity to acquire two exceptionally well-located hotels in Canada’s largest gateway cities.

These iconic hotels are rich in history and part of Canada’s national heritage, pre-dating the 1940s when they were originally built by the Canadian Paciﬁ c and Canadian National Railways. Both Hotels are situated in prime downtown locations and exceptionally well positioned within their respective markets for corporate, group and leisure demand. Each has excellent luxury facility programming affording a AAA-Four Diamond Award rating. Both have signiﬁ cant value creation opportunities for future income growth, and in the case of the Royal York, there are several potential redevelopment possibilities that will capitalize on the major infrastructure investment and capacity transformation underway at Toronto’s Downtown Core.

The Royal York and Hotel Vancouver are available together, as well as individually. They will continue to be managed by Fairmont Hotels & Resorts, a global hospitality industry leader, with a reputation for excellence and luxurious accommodation. 100 Front Street West, Toronto, Ontario

An irreplaceable hotel epitomizing luxury of a bygone era with intricate hand-painted ceilings, travertine pillars, ornate furnishings, crystal chandeliers and wall hangings. The Royal York is prominently located within the most concentrated office market in Canada, directly opposite Union Station (National Historic Site), immediately north of the rapidly developing South Core district and with a direct link to the PATH – an underground pedestrian walkway linking over 50 buildings and office towers and 19 miles of retail and services.

Ownership Interest: RICHMOND STREET WEST

Fee simple, plus leasehold interest in P

R TEMPERANCE STREET

DUNCAN STREET NELSON STREET

approximately 120 parking spaces. S

YONGE STREET

T Year Opened: ADELAIDE STREET WEST

PATH 1929 (Original) / 1959 (East Wing) GRAND OPERA LANE

PEARL STREET York Street

ST. ANDREW STATION Site Size: KING STATION

Bay Street King Street West 92,000 sq. ft. at street level ENTERTAINMENTENENTTERTAINMENTT T DISDISTRICTISTRICTCT ROY THOMPSONT Gross Floor Area: HALL FINANANCIALN EMILY STREET

UNIVERSITY AVENUE

PATH DISSTRS RICTR 1,348,543 sq. ft. SIMCOE STREET PATH

Wellington Street East

Guest Rooms: BAY STREET PROPERTY OVERVIEW 1,363, including 84 Fairmont Gold Rooms and 67 Suites

Front Streettreeet WestWestes Food & Beverage: Front Street West UNIONUNION STATSTATIONION YONGE STREET

METRO TORONTO STATION STREET CONVENTION CENTRE Epic Restaurant & Lounge – 133 & 90 seats T Library Bar – 91 seats York’s Station – 24 seats York’s Deli & Bakery– 72 seats

Piper’s Gastropub – 112 seats RIPLEY’S LOWER SIMCOE STREET AQUARIUM YORK STREET AIR CANADA Benihana Japanese Steakhouse – 169 seats BREMNER BOULEVARD CENTRE SSOUTHOUTHTH FIINANCIALINANCIALNANCIAC Function Space: CCORECOR GARDINER EXPRESSWAY LAKESHORE BOULEVARD WEST GRAND TRUCK CRES Approx. 64,629 sq. ft. Number of Rooms: 35 Largest Ballroom: 12,843 sq. ft.

Other Amenities: - Fairmont Gold Floors - Indoor Pool - Health Club - Spa (lease expired May 31, 2014) - Business Centre - 30,074 sq. ft. of Retail Space - 10,943 sq. ft. of Office Space

3 - Iconic Canadian Hotels Exceptional New Northwest Location PATH Located in the heart of Toronto’s Connection Financial Core and near the Adding to the already existing expanding South Core, totaling over northeast connection, the northwest 28.5M sq. ft. of combined office link will create a new high traffic space, with another 4.3M sq. ft. of PATH connection through the Hotel space under construction. The Royal retail concourse by 2015. York is opposite Union Station, a major transportation hub well into an $800M revitalization/expansion project and the terminus for the Proximity Substantial IdentiIconicIconicﬁ ableHoteHotel l IconicPan Am Hotel Games $456 million airport rail link to to Demand Refurbishment ValueOfficiallyOfficially openingopenin g as TheThe RoyalRoyal YorkYork OfficiallyForecast opening to attract as Thesome Royal 250,000 York the Toronto Pearson International Generators Underway EnhancementsHotelHotel in 1929, this is one of Toronto’sToronto’s Hotelvisitors in 1929, and leavethis is onea legacy of Toronto’s of $1.4B Airport with an anticipated 2015 mostmost iconic, heritageheritage hotels.hotels. DevelopedDeveloped mostin venue iconic, development, heritage hotels. the Developed Games completion. The Royal York is Metro Toronto Convention Centre, Undergoing transformational Underutilizedatat the time by tthehe urban CCanadiananadian retail/ Pacific atwill the continue time by the to Canadiankeep Toronto Pacific in the also the downtown shuttle stop Rogers Centre, Air Canada Centre, $100M Property Improvement officeRailwayRailway space as the and largestlarg theest hotelhotepotentiall in the Railwayspotlight. as the largest hotel in the for access to the Billy Bishop City Ripley’s Aquarium of Canada, Sony Plan with $44M invested to-date, toBritishBritish redevelop Commonwealth,Commonwea the Eastlth, theWing RoyalRo ytoal YorkYork British Commonwealth, the Royal York Centre Airport. Centre for the Performing Arts, including significant amounts maximizefeaturedfeatured 1,048 achievable guestguest rooms density for featured 1,048 guest rooms Roy Thompson Hall, Four Seasons directed to guest rooms to drive a larger development will provide Centre and Eaton Centre. higher top line performance. future value opportunities. Exceptional Landmark Retail Location With a combination of an unparalleled retail location and Irreplaceable location near prestigious heritage design, the Vancouver’s rapidly growing luxury Hotel Vancouver has established retail district along Robson and itself as Canada’s landmark luxury Alberni Streets, with the area destination. As Vancouver’s most commanding the highest rental exclusive retail offering, the iconic rates in Western Canada. Hotel Vancouver has continued to enhance its premium tenant profile which now includes Christian Dior, Gucci and Louis Vuitton. This Guest Room uniqueEnhanced location is now Guestconsidered Enhanced Guest Proximity Self-Contained Refurbishment theAppeal centrepoint for Vancouver’s Appeal to Demand Meeting Facility Renovating guest rooms and $11Memerging capital and projectevolving underway luxury to $11M capital project underway Generators Potential altering the mix of room type and redesigncorridor. the lobby and restaurant/ to reenergize the lobby and A short walk from the City’s Completing about 8,000 SF offering could drive stronger RevPAR lounge offering, will improve restaurant/lounge offering to create waterfront, cruise ship terminals, of unfinished meeting space, yields by increasing the Hotel’s operating functionality and elevate better flow and additional retail. World Trade Centre and Canada earmarked for mid-sized breakout competitiveness in the market. the overall guest experience. Place, recently expanded Vancouver rooms with natural light, presents an Convention Centre and 1.4M SF opportunity for the hotel to become a Pacific Shopping Complex. self-contained meeting facility. 900 West Georgia Street, Vancouver, British Columbia

Known as the “Castle in the City”, this coveted City landmark is reminiscent of the grand, elegant architecture of the early 1900s. The Hotel is in the midst of redeveloping its ground floor lobby and restaurant & lounge to encapsulate the “romance of travel” from yesteryear. Concurrently, it is redeveloping and expanding its premium retail offering to capitalize on its superb downtown location near Vancouver’s most concentrated shopping district along Robson Street and the quickly emerging luxury shopping district on Alberni Street. PROPERTY OVERVIEW t Ownership Interest: VANVANC CONCONVNCOUVER NVENTION Fee simple, plus a leasehold interest for 410 CENCENTRE ER ON parking spaces Waterfront Road West

CACANADA PLACE West Cordova Street Year Opened: Portal Park Canada Place 1939

West Hastings Street

West Pender Street Site Size: 69,975 sq. ft. at street level

FINFIFINANINANCIALANNCNNCIAL West Cordova Street DISTRICDISTDDISTTRICRICTCTT Gross Floor Area: eet Str D unsmu Hornby Street 787,427 sq. ft. Melville Street ir Str eet West Pender Street

Discovery Square Howe Street Guest Rooms: es t Georgia Street

West Hastings Street 556, including 47 Fairmont Gold Rooms and

Dunsmuir Street Burrard Street Granville Street SIMOSIMS MONON West Cor Suites FRASERFFRASFRRASEAASSESERR t UUNIVERUNNIVENNIVVEEERSITYRSITYY do Hornby Street Food & Beverage: The ROOF Restaurant + Bar – 160 seats*

West Hastin m Ho Richards Street New restaurant under construction, to open Howe Street g Granville Street VANCOUVERVANCVVANCO ARTART GGALGALLERYALAL Y November 2014 PACIFICACACIFIACIF West Pender Street Robson Street CENTRECENEN * Will return to meeting space when lobby restaurant opens.

Dunsmuir Street to Cathedral Square UBC Seymour Street Hamil ROOBSONO SQUARESQ Function Space: West Georgia Approx. 37,391 sq. ft.* Richards Street

Howe Street St R t Number of Rooms: 18 Largest Ballroom: 11,400 sq. ft.

* Includes ROOF Restaurant + Bar.

Other Amenities: - Fairmont Gold Floors - Indoor Pool - Health Club - Spa (leased) - Business Centre - 43,205 sq. ft. of Retail Space - 9,986 sq. ft. of Office Space

Iconic Canadian Hotels - 6

This disclaimer shall apply to RBC Capital Markets Realty Inc., Brokerage and RBC Capital Markets Real Estate Group Inc. (collectively, “RBC”) and CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”) (collectively, the “Advisors”) and to the Vendor and its afﬁ liates. The brochure does not constitute an offer to sell or the solicitation of any offer to buy or invest and is for information and discussion purposes only. The information set out herein (the “Information”) has not been veriﬁ ed by the Advisors and the Vendor. The Advisors and the Vendor do not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. The Advisors and the Vendor do not accept or assume any responsibility or liability, direct or consequential, for the Information or the Recipient’s reliance upon the Information. The Recipient of the Information should take such steps as the Recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the Recipient from the Advisors and/or the Vendor.

* Sales Representative ** Broker *** Personal Real Estate Corporation