Malahide Road, Northern Cross, Dublin 17, IrelandFor Sale by Private Treaty

HILTONDUBLIN AIRPORT

INTRODUCTION

JLL has been appointed as exclusive selling agents for the high quality, modern, upscale Hilton Dublin Airport Hotel, operated under the Hilton Hotels & Resorts brand. Ideally located in the rapidly growing Dublin hotel market, the property is conveniently situated near Dublin City’s M1 and M50 motorways, just minutes from Dublin City Centre and Dublin Airport.

Opened in 2006 and including 166 generously sized guestrooms, the hotel boasts the recently refurbished Burnell Bar & Grill, popular meeting spaces, extensive secure car parking and full air-conditioning throughout.

Offered for sale with the benefit of long leasehold title (475 year lease at a nominal rent), the Hilton Dublin Airport boasts an established trading history, a wide and very well invested full service offering and exciting upside potential.

HILTONDUBLIN AIRPORT

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INVESTMENT HIGHLIGHTS

Occupying a high profile location at the entrance to Northern Cross Business

Campus, a popular office and retail scheme boasting major

corporates such as Mylan, Aramark and Experian, all

just minutes from Dublin City Centre and Dublin Airport

The hotel offers 166 well-appointed guestrooms, the recently refurbished Burnell Bar & Grill, the

Walls Suite ballroom (250 person capacity), extensive surface and underground

car parking and full air-conditioning throughout

A profitable and well managed trading business,

with exciting scope for further performance growth

and currently benefiting from a recent and high quality

F&B refurbishment

Modern, purpose built, full service

Hilton hotel, opened in 2006 and built by Walls Construction,

one of Ireland’s leading building

contractors

Operated with the benefit of long term management agreement with Hilton, the

hotel is superbly well placed to capitalise on the growing

North American long haul demand at Dublin Airport,

in addition to city centre demand

The Dublin hotel market experienced RevPAR

growth of +8% in 2017, whilst Dublin Airport passenger numbers

increased by +6% to a record 29.6 million in 2017

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The only Hilton branded hotel,

boasting one of the best quality hotel

products in the Dublin Airport catchment

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Royal Canal

Grand Canal

PHOENIX PARK

M50

M50

M50

M50

M50

R139

R107

M1

Clonsilla

Coolmine

Castleknock

Navan Road ParkwayAshtown

Broombridge

Drumcondra

Tara Street

Pearse

GrandCanal Dock

Landsdowne Rd

Sandymount

SydneyParade

Booterstown

Blackrock

Seapoint

Salthill &MonkstownDún Laoghaire

Sandycove& Glasthule

Glenagery

Dalkey

ClondalkinCherry Orchard& Parkwest

Clontarf Road

Killester

HarmonstownRaheney

Kilbarrack

Howth JunctionBayside

SuttonHowth

Portmarnock

UCD

Blanchardstown

Tallaght

Station

HeustonStation

Connolly Station

Marlfield

Summerton

Galloping Green

Dunsink

Ballymount

Kingswood

Ballycorden

Belgard

Whitechurch

Mulhuddart

Chapelmidway

Abbotstown

Fort Bridge

Ward

WoodtownRockbrook

Aylesbury

KINSEALEY

DublinAirportCentral

PortmarnockGolf Club

PortmarnockGolf Links

St. Margaret's Golf & Country Club

BeaumontHospital

HowthGolf Club

St. AnnesGolf Club

Royal DublinGolf Club

The IslandGolf Club

Bohernabreena

Newtown Cross

Ward Cross

Kilcoscan

Whitestown

Littlepace

Tyrrelstown

Perrystown

Ballyroan

Deans Grange

Chapelizod

Kill Of The Grange

Clonsilla

Booterstown

ARTANE

Ballyfermot

Stillorgan

CLONTARF

Leopardstown

Port Tunnel

Islandbridge

Milltown

RAHENY

Castleknock

Rathfarnham

Cabinteely

Dalkey

Monkstown

Foxrock

Walkinstown

Drimnagh

Sandyford

Palmerstown

Ballinteer

Windy Arbour

Ballyboden

Rathgar

Cornelscourt

Churchtown

CLONGRIFFIN

BALDOYLE

Knocklyon

Kimmage

Crumlin

Kilmainham

Killiney

Inchicore

Goatstown

Sallynoggin

Dolphin's Barn

SUTTON

DUBLIN PORT

Firhouse

Bluebell

Clonskeagh

Ballyogan

Terenure

Mount MerrionTempleogue

Kilbride

SANTRYOngarVillage

Lucan

MALAHIDE

Dundrum

HOWTH

Blackrock

Clondalkin

Blanchardstown

Tallaght

Dún Laoghaire

PORTMARNOCK

Balrothery

Newbridge Demense

Donabate

Portrane

Rogerstown Estuary

Kilsallaghan

DUBLINAIRPORT

SWORDS

DUBLINCITY CENTRE

DUBLINCITY CENTRE

Malahide RoadIndustrial Park

AirwaysIndustrial Park

Clonshaugh Business & Technology Park

MalahideCastle & Gardens

MalahideGolf Club

Airside Retail Park

Horizon Logistics Park

IKEAGulliver'sRetail Park

NationalBotanicGardens

PhoenixPark

Dublin Zoo

St Patrick's College Drumcondra

Dublin CityUniversity

Northwood Business Campus

Malahide RoadRetail Centre

North Runway - Dublin Airport

Airside Business Park

Northern Cross Business Campus

ClarehallShoppingCentre

HowthHead

A high profile location, with diverse demand drivers

HILTONDUBLIN AIRPORT

Bus Stops

Train line

Motorway

Port Tunnel

Selected Demand Drivers

Royal Canal

Grand Canal

PHOENIX PARK

M50

M50

M50

M50

M50

R139

R107

M1

Clonsilla

Coolmine

Castleknock

Navan Road ParkwayAshtown

Broombridge

Drumcondra

Tara Street

Pearse

GrandCanal Dock

Landsdowne Rd

Sandymount

SydneyParade

Booterstown

Blackrock

Seapoint

Salthill &MonkstownDún Laoghaire

Sandycove& Glasthule

Glenagery

Dalkey

ClondalkinCherry Orchard& Parkwest

Clontarf Road

Killester

HarmonstownRaheney

Kilbarrack

Howth JunctionBayside

SuttonHowth

Portmarnock

UCD

Blanchardstown

Tallaght

Station

HeustonStation

Connolly Station

Marlfield

Summerton

Galloping Green

Dunsink

Ballymount

Kingswood

Ballycorden

Belgard

Whitechurch

Mulhuddart

Chapelmidway

Abbotstown

Fort Bridge

Ward

WoodtownRockbrook

Aylesbury

KINSEALEY

DublinAirportCentral

PortmarnockGolf Club

PortmarnockGolf Links

St. Margaret's Golf & Country Club

BeaumontHospital

HowthGolf Club

St. AnnesGolf Club

Royal DublinGolf Club

The IslandGolf Club

Bohernabreena

Newtown Cross

Ward Cross

Kilcoscan

Whitestown

Littlepace

Tyrrelstown

Perrystown

Ballyroan

Deans Grange

Chapelizod

Kill Of The Grange

Clonsilla

Booterstown

ARTANE

Ballyfermot

Stillorgan

CLONTARF

Leopardstown

Port Tunnel

Islandbridge

Milltown

RAHENY

Castleknock

Rathfarnham

Cabinteely

Dalkey

Monkstown

Foxrock

Walkinstown

Drimnagh

Sandyford

Palmerstown

Ballinteer

Windy Arbour

Ballyboden

Rathgar

Cornelscourt

Churchtown

CLONGRIFFIN

BALDOYLE

Knocklyon

Kimmage

Crumlin

Kilmainham

Killiney

Inchicore

Goatstown

Sallynoggin

Dolphin's Barn

SUTTON

DUBLIN PORT

Firhouse

Bluebell

Clonskeagh

Ballyogan

Terenure

Mount MerrionTempleogue

Kilbride

SANTRYOngarVillage

Lucan

MALAHIDE

Dundrum

HOWTH

Blackrock

Clondalkin

Blanchardstown

Tallaght

Dún Laoghaire

PORTMARNOCK

Balrothery

Newbridge Demense

Donabate

Portrane

Rogerstown Estuary

Kilsallaghan

DUBLINAIRPORT

SWORDS

DUBLINCITY CENTRE

DUBLINCITY CENTRE

Malahide RoadIndustrial Park

AirwaysIndustrial Park

Clonshaugh Business & Technology Park

MalahideCastle & Gardens

MalahideGolf Club

Airside Retail Park

Horizon Logistics Park

IKEAGulliver'sRetail Park

NationalBotanicGardens

PhoenixPark

Dublin Zoo

St Patrick's College Drumcondra

Dublin CityUniversity

Northwood Business Campus

Malahide RoadRetail Centre

North Runway - Dublin Airport

Airside Business Park

Northern Cross Business Campus

ClarehallShoppingCentre

HowthHead

A HIGH PROFILE LOCATION & EXTENSIVE DEMAND CATCHMENTThe hotel occupies a high profile location at the entrance to Northern Cross Business

Campus in Dublin 17, a popular office and retail scheme boasting major corporates such

Mylan, Aramark, Aer Rianta and Experian. The immediate vicinity offers popular local

amenities such as over 560 apartments in Burnell Square, Meadows & Byrne Homeware,

Bank of Ireland, Eurospar, Giraffe Childcare as well as host of shops in Clarehall Shopping

Centre, anchored by Tesco.

Offering excellent connection to the nearby M50 and M1 motorways, the location has

strong transport links including dedicated airport shuttle bus, Dublin Bus and nearby

DART services, all just minutes from Dublin City Centre and Dublin Airport.

MALAHIDE, PORTMARNOCK, HOWTH & CLONGRIFFIN The surrounding areas of Malahide, Portmarnock, Howth and Clongriffin serve as an

excellent demand catchment for the hotel. Malahide, Portmarnock and Howth are

Dublin city’s most affluent northern suburbs, combining high value residential living

with numerous tourism attractions including Malahide Village and Castle and Howth

Village and Head. The area also boasts numerous world famous golf courses such as

Portmarnock Golf Club and Portmarnock Hotel & Golf Links, the latter having been

acquired by Kennedy Wilson in recent years.

There are also major complimentary residential and commercial developments under

way in the vicinity, including the ongoing development of Clongriffin Town with 5,000

new residents and nearby residential development at Belmayne. In addition, adjacent

lands at Belcamp have recently been granted permission for a major residential scheme.

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29.6 millionPassengers travelled through Dublin

Airport in 2017

85%Of all air-traffic in/out of Ireland is

through Dublin Airport

DUBLIN - LONDONBusiest route in Europe and

No. 2 in the world

US Pre-ClearanceThe only major European airport

with pre-clearance

+16,000Jobs directly supported by

Dublin Airport

+6%Dublin Airport

passenger growth in 2017

5thMost flights in Europe to

North America

+20Flight destinations in

North America

Source: DAA

DUBLIN AIRPORTDublin Airport passenger numbers increased by +6% to 29.6 million in 2017, making it

one of the fastest growing airports in Europe. The airport has experienced a +200%

increase in long haul passenger numbers in the last 6 years.

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.

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MODERN FULL SERVICE HILTON HOTEL, PURPOSE BUILT TO A HIGH QUALITY BY WALLS CONSTRUCTION

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The Hilton Dublin

Airport Hotel is a

modern purpose

built hotel, laid out

over basement to

sixth floor levels,

with the main

reception, public

areas and restaurant/

bar located at

ground floor level, in

addition to the hotels

main function room.

The property boasts

166 well-appointed

en-suite guestrooms,

including 5 feature

suites. In addition,

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.

Importantly, the

hotel is also fully

air-conditioned and

it includes 7 meeting

rooms, 2 external

terraces, a modern

dry gym, business

lounge and large

secure underground

car-park.

Opened in 2006

7 floors over basement car park

166 guestrooms

Recently refurbished Burnell Bar

& Restaurant

7 meeting rooms including the

250 capacity Walls Suite

New modern dry gym

166 car spaces across ground

and basement levels

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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

SPACIOUS GUESTROOM ACCOMMODATION, INCLUDING

FIVE FEATURE SUITES

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The hotel also benefits from an extensive surface and secure underground car park, comprising 166 car spaces in total.

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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.

BURNELLS BAR & RESTAURANT RECENTLY UNDERWENT A

FULL REFURBISHMENT

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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 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 ConferenceBoardroom 264 - - 12Caribe 264 18 - 14Castellana 264 18 - 14Mobley 648 38 40 20Mobley 1 264 18 - 14Mobley 2 264 18 - 14Plaza 648 40 40 20Plaza 1 264 18 - 14Plaza 2 264 18 - 14Roosevelt 486 30 30 20Walls Suite 3,819 300 250 -Walls Suite 1 1,820 120 110 -Walls Suite 2 1,820 120 110 -

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The popular Walls Suite includes a

dedicated bar and pre-function space

IMPROVING TRADING PERFORMANCE

A rare opportunity to acquire a

purpose built and internationally

branded upscale hotel, in

an operating market which

experienced +8% RevPAR growth

in 2017. The Dublin Airport

hotel market is substantially

undersupplied and there

remains significant ADR growth

potential at the hotel.

GROWING CONFERENCING & BANQUETING DEMANDThe Hilton Dublin Airport benefits

from a 250 capacity ballroom and

6 additional high quality meeting

rooms. With easy access to all of the

city’s arterial motorway routes and

ample car parking, the hotel is well

positioned to capture additional

MICE demand.

F&B PERFORMANCE GROWTH

Burnells Bar & Restaurant

has recently undergone an

extensive refurbishment, resulting

in an improving average spend

and a discerning clientele.

This successful refurbishment is

still in ‘ramp up’ mode and presents

an important new design template

for the rest of the hotel.

EXCITING FUTURE POTENITAL

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LONG TERM HILTON MANAGEMENT AGREEMENT

WITH AREA OF PROTECTION

Hilton is one of the largest

hospitality companies in the world

with over 4,600 hotels (758,000

rooms) owned, managed or

franchised across 100 countries. In

addition the award-winning Hilton

Honors loyalty programme is the

largest of its kind with over 50

million members worldwide.

RAPIDLY EXPANDING DUBLIN CITY &

AIRPORT DEMANDDublin Airport has commenced the

construction of a new runway which,

at an estimated cost of €320 million,

is the biggest project the airport has

undertaken since it finished Terminal

2. New infrastructural projects in

addition to the strong demand from

over 1,000 companies located around

the airport, will underpin the hotel’s

strong performance going forward.

Contact Details:

DANIEL O’CONNOR Senior Vice President | Hotels

T: +353 1 673 1609E: daniel.oconnor@eu.jll.com

JACK FOXHotel Agent | Hotels

T: +353 1 673 1656E: jack.fox@eu.jll.com

BER DETAILS

BER NO. 800460131Energy 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.

Brochure design by

Malahide Road, Northern Cross, Dublin 17, Ireland

HILTONDUBLIN AIRPORT