23
1
B
key performance indicators 2
investment summary 5
connected to the city and beyond 6
feel the beat of the city 8
an outstanding opportunity 11
a full house 17
building specification & architectural distinction 18
a state of the art mixed-use development 20
floorplans 22
docklands occupiers 26
the docklands development pipeline 28
a destination for institutional capital 30
the next investment of scale 32
the irish economy & investment market 34
dublin hotel market 36
further information 38
key performance indicators
252en-suite rooms
a great performance from dublin's superior 4 star hotel
city centre hotel completed in this cycle (2010)
largest
Entire let under a 25 year lease from 28th June 2010
25 yrs
€4.65mpassing rent
Base Rent €2.93m
Turnover Rent €1.72m
Operated by Dalata
an internationally renowned hotel operator
Dalata operate 38 hotels and 7,727 bedrooms
in Ireland and the UK
unexpired lease term
17.8 yrs
Base rent, accounting for 63%
of the total, is subject to 5
yearly upward only CPI linked
rent reviews.
38Hotels
7,727Bedrooms
12minutes by car
2minute walk
2minute walk
5minute walk
1minute walk
a transport hub
3Arena1 min
Bord Gáis Energy Theatre20 mins
The Convention Centre12 mins
The IFSC16 mins
Croke Park35 mins
Aviva Stadium25 mins
close to the action
Dublin occupancy
83%
overseas visitors
9.6mIn 2016, the number of visitors
to Ireland grew by 10.9%
In 2016, overseas tourist
revenue grew by 6.9%
€4.6bnoverseas tourist revenue
dublin,step onto the stage
increase in Dublin RevPAR 2016
15%
5
4
investment summary
Dublin’s Showcase Hotel Investment Opportunity
• Exceptional 4-star hotel and one of Dublin’s largest with 252 en-suite
bedrooms
• A landmark development designed by Scott Tallon Walker
and completed in 2010 to the highest specification
• Located in Dublin’s Central Business District – adjacent to the Luas
Red Line, Dublin Port Tunnel and 12 minutes by car to Dublin Airport
• The location is a destination for multinational corporate occupiers
including Google, Facebook, JP Morgan, Citi, Central Bank
• Let to subsidiary of Dalata Hotel Group plc – Ireland’s largest hotel
operator
• Lease structure incorporates a base rent which is subject to upward only CPI linked rent reviews and a variable turnover top-up
• Expected 2017 rent of €4.65m with an attractive unexpired lease term
of 17.8 years
• The base rent is currently €2.93m per annum; the variable rent, linked
to turnover, is forecast to be €1.72m in 2017
• Tenant not affected
The base rent, with its unexpired term of 17.8 years, upward
only CPI linked rent reviews and exceptional covenant strength
provides a rare and stable income play.
The turnover top-up allows investors to capitalise both on
current favourable hotel market conditions and the future
corporate and leisure demand drivers resulting from the
significant development pipeline in the immediate area.
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6
Walking Times
Point Square Luas Stop 1 min
Docklands Rail Station 12 mins
Point Square Luas Times
Connolly Luas 6 mins
Busáras Luas 6 mins
Drive Times
Dublin Port Tunnel 2 mins
Dublin Airport 12 mins
NASSAU STREET
PEARSE STREET
FLEET STREET
D’OLIER STREET
ASTON QUAYBACHELOR’S WALK
LIF
FE
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CUSTOM HOUSE QUAY CUSTOM HOUSE QUAY
AM
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MOUNTJOY SQUARE SOUTH
TOWNSEND STREETTOWNSEND STREET
HANOVER STREET EAST
POOLBEG ST
GEORGE’S QUAYCITY QUAY
SIR JOHN ROGERSON’S QUAY
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MERRION SQUARE NORTH
MERRION SQUARE SOUTH
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BAGGOT LANE SHELBOURNE AVENUE
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MERRIONSQUARE
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CONNOLLYSTATION
DOCKLANDSSTATION
ST STEPHEN’SGREEN
ST PATRICK’SPARK
IRISHTOWN ROAD
MOUNTJOYSQUARE PARK
RINGSENDPARK
CUSTOM HOUSE
GPO
CONVENTION CENTRE
NCI
AVIVA STADIUM
GRAND CANALTHEATRE
SHELBOURNEPARK
LEINSTERHOUSE
SHELBOURNEHOTEL
ROUTE TO PORT TUNNEL AND DUBLIN AIRPORT
DUBLIN PORT
PORTTUNNEL
3ARENA
CROKE PARK
GAEITYTHEATRE
BUSÁRAS
GATETHEATRE
ABBEYTHEATRE
CHQ
connected to the city and beyond
Mainline Rail / Dart
Green Luas Line
Red Luas Line
Luas Cross City Line
Dublin Bikes
Dublin Bus
Proposed Pedestrian Bridges
9
8
1
feel the beat of the city
Ireland’s political, economic and cultural centre is a
lively and contemporary capital city brimming with
personality and charm.
With 1.9m people (greater area), Dublin has benefited
from significant investment in recent years. Attracting
the world’s top creative talent who aspire to work in
the “tech capital” of Europe, Dublin is a vibrant city
with a sense of history, a diverse retail offering and
multiple leisure activities.
1. Bord Gáis Energy Theatre
2. 3Arena
3. Croke Park
4. Gaiety Theatre
5. Convention Centre Dublin
6. Trinity College
7. Aviva Stadium
2
4 5
7
6
3
11
10
an outstanding opportunity
Opened in 2010, this 252 bedroom purpose-built hotel is extremely well located in the Dublin Docklands, adjacent
to the 3Arena and in close proximity to Dublin’s key commercial and financial district.
The Gibson was designed by the renowned multi-award-winning architectural firm Scott Tallon Walker, which is
responsible for many high profile projects such as the Aviva Stadium, The Spencer Hotel, Riverside One
(McCann Fitzgerald Headquarters), RTE Studios and Dublin Civic Offices.
The hotel is a landmark building with an impressive curved atrium structure which incorporates panoramic glazed
lifts and escalators which provide access to the concourse on the third floor.
Room Type NumberAverage (m2)
Double Superior Rooms
160 28m2
Twin Superior Rooms 40 28m2
Accessible Rooms 13 29m2
Triple Rooms 10 33m2
Family Rooms 9 36m2
Sub Total 232
Executive Suites 14 29m2
Junior Suites 5 38m2
Gibson Suite 1 77m2
Sub Total 20
Total 252
Accommodation
Stylish, comfortable and tranquil, the hotel features
252 en-suite bedrooms including 20 suites.
A number of guest bedrooms overlook landscaped
courtyard gardens, others have views of the
Docklands, while some offer south-facing river views.
Many suites feature separate living areas, private
balconies with seating or a shared terrace. The
luxurious Gibson Suite, the largest of the 20 suites,
features a private wrap-around balcony and terrace
with spectacular views over the city and Dublin
Mountains.
(All rooms are equipped with air conditioning, a workstation
and laptop safe, high-speed Wi-Fi connectivity, flat screen
TV, tea/coffee making facilities, ironing facilities, power hair
dryer and luxury Respa beds.)
13
12
Standard Room
Junior Suite Cordoba Theatre
Junior Suite Boardroom
Executive Room
15
14
Food & Beverage
Coda Eatery
The Italian inspired Coda Eatery (120 covers) serves breakfast, lunch and dinner in a stylish setting with outdoor terrace
seating (30 covers).
Hemi Bar
The Hemi Bar is located on the 3rd floor and accommodates 124 covers. It features a 10m bar that leads to a
private courtyard (45 covers). Styled with contemporary Asian inspired landscaping, it is chic, earthy and intimate.
The Residents Bar is located near the hotel reception and offers a relaxed private location (60 covers).
Ultimate Urban Relaxation
The Gibson offers the ultimate urban relaxation
experience on a private, residents-only terrace on the
top floor, with panoramic views of the distant Dublin
& Wicklow Mountains.
• Two Zen copper crafted baths located on a private
terrace
• Sauna and steam rooms
• Gym with state-of-the-art equipment
• Changing rooms
Conference and Banqueting
The market leading conference and banqueting facilities extend over two floors and are configured into three
distinct areas capable of use in isolation or combined together. All suites offer Wi-Fi and modern AV technology.
Guests can also avail of the amenities within the business centre adjacent to the Stratocaster Suite.
Stratocaster Suite
This main suite can accommodate up to 300 delegates (290 in theatre style and 180 in banquet) and can be
divided into three smaller rooms giving users the flexibility to configure it to their exact requirements. It has
fantastic natural light and views due to its location on the third and fourth floors.
Category Area (m2) U Shape Theatre Class Room Board Room Banquet
Stratocaster A 90m2 30 100 50 28 60
Stratocaster B 90m2 30 100 50 28 60
Stratocaster C 90m2 30 90 50 28 60
Total 270m2 90 290 150 84 180
Broadcaster and Alhambra Suites
The private Broadcaster Suite is an impressive boardroom with superb views. Alhambra A & B can be combined
offering theatre space for 60 delegates and banqueting for 36.
Category Area (m2) U Shape Theatre Class Room Board Room Banquet
Alhambra A 34m2 16 30 15 16 16
Alhambra B 35m2 16 30 15 16 20
Broadcaster Suite
28m2 0 0 0 10 10
Total 97m2 32 60 30 42 46
Rickenbacker and Cordoba Suites
The private Rickenbacker Suite provides larger boardroom facilities for up to 16 people. Cordoba A & B can
accommodate 60 delegates in theatre style.
Category Area (m2) U Shape Theatre Class Room Board Room Banquet
Rickenbacker Suite
32m2 0 25 16 16 0
Cordoba A 45m2 17 35 16 16 0
Cordoba B 35m2 16 25 16 16 0
Total 112m2 33 85 48 48 0
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16
a full house
Tenant
The property is let to Galsay Limited, a Dalata Hotel Group plc operating company, incorporated in July 2014.
Tenancy
* Calculated annually
** 2017 forecast rent. Turnover rent was €1,605,232 in 2016. Refer to the rent folder contained in the data room for further details.
Tenure
Long leasehold (9,995 years).
Tenant Profile
The current tenant is Galsay Ltd, a subsidiary of Dalata Hotel Group plc, listed on ESM/AIM in March 2014, and
Dublin and London main markets in July 2016.
Dalata purchased this leasehold interest in March 2016 and it is the only individually branded hotel in the Dalata
Hotel Group portfolio (owned/leased), recognising its superior potential.
Dalata Hotel Group plc is Ireland’s largest hotel group with a market cap of approximately €895m and operates
38 hotels and 7,727 bedrooms in Ireland and the UK. Dalata Hotel Group plc has a strong Dun and Bradstreet
rating (5A 2).
Dalata landlords include M&G and Deka.
Tenancy Lease TermLease Commencement Date
Rent Type Review Type Review DateCurrent Rent Per Annum
Galsay Limited 25 Years 28th June 2010
Base RentCPI Linked (Upward Only)
27th June 2020 €2,933,029
Turnover Rent N/A 31st December* €1,719,309**
Total €4,652,338
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18
building specification & architectural distinction
External
• Reinforced concrete frame structure with a combination of powder
coated aluminium framed curtain wall glazing, stone and terracotta
cladding panels
• Impressive curved glazed curtain wall atrium features glazed lifts
and a vertical garden
• Steel frame brise soleil
• Insulated flat roof deck with a bitumen based roof covering
which incorporates a rainwater harvesting drainage system
• Two external landscaped courtyard areas located within the
building which act as light-wells for the internal bedrooms
Internal
• 7 no. customer lifts and 3 no. additional service lifts
• 4-pipe fan coil unit, VRF and DX air conditioning system
• Building management system
• Gas-fired low temperature hot water (LTHW) heating
• General supply and extract ventilation
• Fire alarm and detection system
• Security intruder alarm, CCTV and access control systems
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20
a state of the art mixed-use development
The Gibson Hotel forms part of a mixed-use scheme called Point Square.
Point Square takes its name from its location alongside Dublin’s largest
theatre and events venue 3Arena, formally known as The Point Theatre.
Measuring over 100,000 sq. m., the seven-storey over triple basement
development is one of the single largest mixed-use buildings ever
constructed in Ireland, comprising the aforementioned hotel, a shopping
centre with over 40 retail and 12 restaurant units, a six screen cinema, four
levels of office accommodation and an 800 space car park all addressing
a public square around the terminus of the Luas light rail line.
For Illustrative Purposes Only
The Gibson Hotel
Retail/Cinema
Office
23
22
floorplans
Level 4
Reception Hemi Bar Coda Eatery
Residents Bar Conference & Banqueting Suites Bedrooms
Public Areas & Back of House
Conference & Banqueting Suites Bedrooms Public Areas
& Back of House
Level 3
For Illustrative Purposes Only For Illustrative Purposes Only
N N
25
24
Level 5 Level 6
Bedrooms Public Areas & Back of House Bedrooms Spa
Public Areas & Back of House Gym
NN
For Illustrative Purposes Only For Illustrative Purposes Only
27
26
docklands occupiers
NASSAU STREET
PEARSE STREET
FLEET STREET
TEMPLE BAR
COPE ST
D’OLIER STREET
ASTON QUAYBACHELOR’S WALK
LIF
FE
Y S
T L
OW
ER
CUSTOM HOUSE QUAY CUSTOM HOUSE QUAY
AM
IEN
S ST
RE
ET
CO
MM
ON
S S
TR
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T
EX
CH
AN
GE
PLA
CE
MA
YO
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TR
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T L
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SHERIFF STREET LOWER
HARBOURMASTER PLACE
SHERIFF STREET LOWER
ORI
EL S
TREE
T U
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TALBOT STREET
JAM
ES
JOY
CE
STR
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GA
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STR
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LOW
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O’C
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NE
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TR
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T U
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LIF
FE
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TR
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T U
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JER
VIS
ST
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ET
FOLEY STREET
RAILWAY STREET
SEAN MACDERMOTT STREET LOWER
PORTLAND RO
W
NORTH CIRCULAR ROAD
NORTH CIRCULAR ROAD
RU
SSE
LL S
TRE
ET
SUMMERHILL
GARDINER R
OW
SUMMERHILL PARADE
NORTH
STR
AND RO
AD
NORTH
STR
AND RO
AD
MOUNTJOY SQUARE SOUTH
CHARLES STREET GREATFITZGIBBON STREETBELV
EDERE PLA
CE
WELLINGTON QUAY
TOWNSEND STREETTOWNSEND STREET
HANOVER STREET EAST
POOLBEG STREET
GEORGE’S QUAYCITY QUAY
CITY QUAYGLOUCESTER STREET SOUTH
TA
RA
ST
RE
ET
LUK
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T
MA
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ST
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MO
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DUKE STREET
SUFFOLK STREET
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MARY STREET LITTLE
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SIR JOHN ROGERSON’S QUAY
RIVER LIFFEY
GRAND CANAL
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EASTPOINT STREET
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ALEXANDRA ROAD
ALEXANDRA ROAD
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NORTH DOCK NORTH DOCK
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NORTH WALL QUAY
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EAST
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WEST R
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WEST R
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CALEDON ROAD
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EAST ROAD
GREEN STREET EAST
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CAMBRIDGE ROAD
PIGEON HOUSE ROAD
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THOMAS STREET
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KEVIN STREET LOWER
STEP
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MERRIONSQUARE
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TRINITY COLLEGE
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REE
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OR
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PARN
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ARE EA
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RGE’S STREET
HILL STREET
GA
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INER
STREET M
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DOMINICK STREET UPPER
KING’S INN STREET
KING
STR
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NS
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L
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KING STREET NORTH
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TR
EE
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CALEDON ROAD
KIL
LAN
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OA
D
CONNOLLYSTATION
DOCKLANDSSTATION
ST STEPHEN’SGREEN
ST PATRICK’SPARK
OSW
ALD
TER
RA
CE
FARNEY PARK
MOUNTJOYSQUARE PARK
RINGSENDPARK
CUSTOM HOUSE
GPO
DUBLIN CASTLE
THE SPIRE
CONVENTION CENTRE
AVIVA STADIUM
BORD GÁISENERGY THEATRE
SHELBOURNEPARK
LEINSTERHOUSE
SHELBOURNEHOTEL
ROUTE TO PORT TUNNEL AND DUBLIN AIRPORT
DUBLIN PORT
PORT TUNNEL
CROKE PARK
GAEITYTHEATRE
6
5
34
7
489
32
43
17
19
30
15
2825
16
40
22
41
20
21
23
24 26 27
39
31
33
236
1
37
44
38
35
42
11
13
14
18
10
45
46
12
291. Yahoo
2. Voxpro
3. Bvlgari
4. Matheson
5. State Street
6. Airbnb
7. Accenture
8. TripAdvisor
9. Logmein
10. HSBC
11. William Fry
12. Capita
13. Facebook
14. McCann Fitzgerald
15. Beauchamps
16. Three
17. Bloomberg
18. Morgan Stanley
19. Grant Thornton
20. Societe Generale
21. Susquehanna Bank
22. Depfa Bank
23. Zurich
24. KPMG
25. Citibank
26. JP Morgan
27. Rabobank
28. A&L Goodbody
29. BNY Mellon
30. AIG
31. Hubspot
32. PwC
33. Central Bank of Ireland
34. NTMA
35. Google
36. The Gibson Hotel
37. 3Arena
38. Convention Centre Dublin
39. The Spencer Hotel
40. Hilton Garden Inn
41. CHQ Building
42. The Clayton Hotel
43. The Marker Hotel
44. Bord Gáis Energy Theatre
45. Maldron Hotel
46. Shelbourne Park
47. Aviva Stadium
48. Trinity College
Corporate Occupiers Leisure Occupiers3
47
48
29 xxx
28 29
City Block 3Developer/Owner: Deloitte (As Receiver)
Description: 463,548 sq. ft. – 360 residential units; 253,278 sq. ft. commercial
Status: Residential: Planning lodged Commercial: Pre-planning
2
City Block 9 Developer/Owner: Deloitte (As Receiver)
Description: 413,211 sq. ft. – 350 residential units
Status: Pre-planning
1
The Point Campus Student AccommodationDeveloper/Owner: O’Flynn Capital Partners
Description: Student residence development with 966 beds, on site area of 0.96 hectares
Status: On site, PC anticipated Q2 2018
6
Central Bank of Ireland HeadquartersDeveloper/Owner: Owner Occupied / Walls Contractor
Description: 193,200 sq. ft. office development
Status: Construction completed Q1 2017
5
Spencer PlaceDeveloper/Owner: Ronan Group
Description: Mixed-use development of 1,000,000 sq. ft.; 165 residential units
Status: Pre-planning
4
Dublin LandingsDeveloper/Owner: Ballymore, Oxley
Description: 548,409 sq. ft. office development, 294 residential units
Status: Construction commenced
8
the docklands development pipeline4.19 million sq. ft. (NIA) of office accommodation and over 1,600 residential units in pre-planning, planning or construction phase, providing a favourable outlook for future corporate and leisure demand drivers.
The Exo BuildingDeveloper/Owner: Grant Thornton (As Receiver)
Description: 170,375 sq. ft. office development
Status: Planning Granted. Anticipated PC Q3 2019
3
WintertideDeveloper/Owner: PwC (As Receiver)
Description: 310,251 sq. ft. office development
Status: Planning Granted. Anticipated PC Q3 2019
7
Capital DockDeveloper/Owner: Kennedy Wilson / NAMA
Description: 339,248 sq. ft. office development; 204 residential units; restaurant; leisure; crèche; retail and cultural space
Status: Anticipated PC Q1 2018
9
76 Sir John Rogerson’s Quay Developer/Owner: Targeted Investment Opportunity (TIO) – Bennett Group / NAMA / Oaktree
Description: 95,308 sq. ft. commercial development; 72 residential units
Status: Anticipated PC Q2 2019
11
The ReflectorDeveloper/Owner: Park Developments Group
Description: 127,000 sq. ft. office development; 40 residential units
Status: On site. Anticipated PC Q3 2018
10
5 Hanover QuayDeveloper/Owner: Targeted Investment Opportunity (TIO) – Bennett Group / NAMA / Oaktree
Description: 162,924 sq. ft. office development
Status: On site. Anticipated PC Q2 2018
13
6 Hanover Quay Developer/Owner: Cairn Homes
Description: 64,000 sq. ft. – 120 residential units
Status: On site. Anticipated PC Q2 2018
Bolands Quay Developer/Owner: Savills (As Receiver)
Description: Approx. 396,661 sq. ft. office development, 46 residential units, retail and cultural space
Status: Anticipated PC Q1–Q4 2019
12 14
2
3
6
7
8
9
10
12
11
13
14
4
4
5
1
Existing and CGI For Illustration Purposes Only
31
30
a destination for institutional capital
1. 4-5 Grand Canal Square
Acquired by Union Investment
2. Riverside 1
Acquired by IPUT
3. The Observatory
Acquired by Hibernia REIT
4. Georges Quay Plaza
Acquired by Green REIT
5. 25-28 North Wall Quay
Acquired by IPUT
6. One Dockland Central
Acquired by Hibernia REIT
7. Georges Dock
1 Georges Dock
Acquired by Catella
2 Georges Dock
Acquired by Irish Life
3 Georges Dock
Acquired by Irish Life
5 Georges Dock
Acquired by New Ireland Assurance
6 Georges Dock
Acquired by IPUT
8. Harbourmaster III
Acquired by Intesa Sanpaolo
9. Harbourmaster II
Acquired by Real IS
10. Harbourmaster I
Acquired by Irish Life
171819
23 24 1 222
21 20
11. New Century House
Acquired by Hibernia REIT
12. Block R Spencer Dock
Acquired by Central Bank of Ireland
13. Kilmore House
Acquired by Davy
14. One Spencer Dock
Acquired by AGC
15. 14-15 & 16 Sir John Rogerson’s
Quay
Acquired by Kennedy Wilson
16. The Anchorage
Acquired by New Ireland Assurance
17. Riverside 2
Acquired by IPUT
18. The Bloodstone Building
Acquired by Hibernia REIT
19. Central Quay
Acquired by Real IS
20. 78 Sir John Rogerson’s Quay
& adjoining site
Acquired by Kennedy Wilson
21. Hanover Reach
Acquired by IPUT
22. 8 Hanover Quay
Acquired by BNP Paribas REIM
23. 1 Grand Canal Square
Acquired by IPUT
24. 2 Grand Canal Square
Acquired by Irish Life
121314
7
11 10
4
9
8
16
15
3
5
6
DUBLIN DOCKLANDS INVESTMENTS
€2.6BN traded in this cycle to date
€1.95BN to institutional
investors
Increased institutional
demand
For Illustrative Purposes Only
33
32
the next investment of scale
€104m
Block R, Spencer Dock
NIY: 4.47%
WAULT: 9.8 Years
Purchaser: Central Bank of Ireland
€55m
The Temple Bar Hotel
(Freehold VP)
Price/Room: €405,000
Purchaser: Ascott
€242m
One Spencer Dock
NIY: 4.66%
WAULT: 16.6 Years
Purchaser: AGC
€180m
The Doubletree Hilton Hotel
NIY: 4.8%
WAULT: 25 Years
Purchaser: DEKA
€70m+
The Spencer Hotel
(Freehold VP)
Price/Room: €414,000+
Purchaser: MHL Collection
€126m
13 – 18 City Quay
NIY: 4.57%
WAULT: 13 Years
Purchaser: Irish Life
2016
Guide Price: In excess of €87m
NIY: 5.12%
WAULT: c. 17.8 Years
Price per Room: €345,000
Q4 2017
The Gibson Hotel
35
34
the irish economy & investment market
0
1
2
3
4
5
6
7
8
Greece
UK
France
Belg
iumItalyA
ustriaC
roatia
Germ
any P
ortug
alS
pain
Slovakia
Netherland
sC
yprus
Denm
arkS
wed
enF
inlandLithuaniaB
ulgaria
LatviaC
zech Rep
ublic
Luxemb
ourg
Hung
aryP
oland
Malta
Esto
niaS
loveniaR
om
aniaIreland
The Irish Economy
• Ireland remains the EU’s fastest growing economy for the third
straight year
• Output is expanding at a rate of 6.1% per annum (see Figure 1)
• Consumer spending is rising by 3.0%
• Economic growth is underpinned by robust performance of the labour
market while annual jobs growth has accelerated to a very strong 3.5%
• There is continued improvement in the labour market – unemployment
fell to 6.2% in May 2017, with more than 232,000 new jobs created in
the last four years. Increasing average earnings coupled with tax cuts
and low inflation has led to a significant lift in real disposable incomes
Fig. 1 Q1 2017 GDP Growth Across EU
Fig. 2 Investment Turnover by Sector
• Total turnover in 2016 was just short of €4.5bn
• Offices remain firmly on many investors’ buy-list.
However, after very active trading in 2012-2015,
fewer prime office investment opportunities came
to the market last year. Consequently offices
slipped from 48% of turnover in 2015 to 34%
in 2016
• The retail sector overtook offices as the biggest
investment sector by turnover in 2016, accounting
for over 50% of total market spend
• Long-term institutional investors’ share of market
turnover has risen to become the most dominant
buyer group in the market, responsible for nine of
the top ten deals in 2016 and two of the top three
so far this year
% C
hang
e y/
y
Fig. 3 Investment by Buyer Type
0
10
20
30
40
50
60
70
80
90
100
2013 2014 2015 2016 2017
%
Multi Family
Mixed
Offices
Retail
Industrial
Hotel
Other
Private Individual
Private Syndicate
Private Equity
Institutional /REIT
Other
Property Company
Unknown
Confidential
0
10
20
30
40
50
60
70
80
90
100
2013 2014 2015 2016 2017
%
Source: Savills Research
Source: Eurostat, CSO Source: Savills Research
The Irish Investment Market
Air Access
Passenger numbers at Dublin Airport exceeded 27.5m in 2016, a 15% (3.3m) increase over 2015. By June 2017,
numbers were up by 5%. Dublin Airport now connects to over 180 worldwide destinations. Long haul passengers
have more than doubled since 2010, with the percentage of long haul passengers in Dublin increasing from 9% to
13% in that time period.
Dublin Occupancy and Average Room Rate
STR reported very strong Dublin RevPAR growth of 15% in 2016. Further growth of 7% is forecast in 2017.
Overseas Trips to Ireland by Area of Residence
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
20162015201420132012201120102009
+10.9%
+14%
+9%+7%
+0.2%+8%-13%
-12%
2008
Great Britain Other Europe USA and Canada Other Areas
No
. of
trip
s (0
00
s)
Source: CSO
Source: STR
0
10
20
30
40
50
60
70
80
90
100
0
20
40
60
80
100
120
140
160
2021(f)
2020(f)
2019(f)
2018(f)
2017(f)
2016201520142013201220112010200920082007
64%67%
83%83%
€77
€129
€145
Occ
upan
cy %
AR
R €
RevPARalmost doubled in the last 6 years
47%increase in visitors to Ireland since 2012
200%
expected passengersthrough DublinAirport in 2017
increase in long haul passenger numbersin the last 6 years
europe’ssiliconvalley
international companies
120029m
European HQ for more
than 1,200 international
companies
people
2.4mThe population of the Greater
Dublin Area (GDA) is forecast
to grow from 1.9 million people
to 2.4 million people by 2026
Top Global ICT Companies9/10
Top Global PharmaceuticalCompanies
9/10
Top “Born On The Internet”Companies
10/10
Top Financial ServicesFirms
19/25
dublin hotel market
Great Britain
Other Europe
USA & Canada
Other Areas
ARR
Occupancy
Forecast
36
37
Sale Process
For Sale by Private Treaty.
The Proposal
Guiding in excess of €87 million. Pricing at this level
would reflect a net initial yield of 5.12% after standard
Irish purchaser’s costs of 4.46%.
Viewings
Viewings are strictly to be arranged through the sole
selling agent Savills. This is an investment sale and as
a result the tenant is not affected.
VAT
VAT is applicable on this sale.
BER
BER Number: 800579633
Energy Performance Indicator:
Further Information / Data Room
Further information available in the dedicated data
room. To request data room access (subject to
Non Disclose Agreement), please go to:
THEGIBSONHOTELSALE.COM
Fergus O’Farrell
Dublin Investment
T: +353 1 618 1311
Tom Barrett
Dublin Hotels & Leisure
T: +353 1 618 1415
Shane Corby
Dublin Investment
T: +353 1 618 1450
Aaron Spring
Dublin Hotels & Leisure
T: +353 1 618 1446
McCann Fitzgerald
Riverside One,
Sir John Rogerson’s Quay,
Dublin 2, Ireland
www.mccannfitzgerald.com
Donal O’Raghallaigh
T: +353 1 607 1268
Emily MacNicholas
T: +353 1 607 1749
further information
Savills Ireland
33 Molesworth St,
Dublin 2, Ireland
PSRA: 002233
www.savills.ie
Project Team
Solicitor
On the instruction of
Selling Agent
Important Notice
Savills Ireland and the Vendors/Lessors 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 vendors or lessors 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 them. All maps produced by permission of the Ordnance Survey Ireland Licence. No AU 001799 © Government of Ireland.
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