HOSPITALITY Project Management Group

About | Project Management Group

Dundee 360 Real Estate Corporation is a global real estate company that offers comprehensive services in the investment, development, sales, marketing, operations and management of real estate assets. We manage the complete lifecycle of land and real estate assets, creating, maximizing and retaining value at every stage for clients, shareholders and the community. Our projects are among the most prestigious hospitality, mixed-use and lifestyle residential developments in the world.

Our Hospitality Project Management Group maximizes the value of real estate assets with an integrated project design, procurement, construction and financial management approach that is setting it apart from other firms in the industry. Our methodology is trusted by the world’s most prestigious hospitality and leisure brands and our most recent engagement includes the world’s largest single collection of Fairmont and Hilton Hotels, managed on behalf of Ivanhoé Cambridge, a company with worldwide real estate holdings of $40 billion in 2014. Our leadership team has managed over $3 billion in real estate assets over the past five years. This represents over 10,000 rooms in Canada, the U.S. and around the globe, for full service brands including Fairmont, Raffles, Swissôtel, Enchantment Group, Starwood, and Marriott. The breadth of our experience helps us develop innovative and comprehensive solutions to meet the unique needs of each client.

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$3 Billion IN REAL ESTATE ASSETS MANAGED THE LAST

5 Years

Redefining Project Management

Fully Integrated Project Management— From Concept to Completion Dundee 360 Real Estate Corporation provides comprehensive and fully-integrated project management services— from strategic capital planning and design conception, through to procurement, construction, financial management and execution. This seamless and fully-integrated approach to project management increases the return on our client’s capital investment by: • Maximizing efficiency and accuracy at every stage • Ensuring team synergy, quality and consistency—we offer specialized, local expertise across every function • Significantly reducing costs through consistent, rigorous execution

Concept Development Risk Analysis Due Diligence Positioning/Repositioning

Design Management

L ITA ING P A C N GIC PLAN E T T A STR TMEN S E INV N

DES

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Draw Peparation

Tendering

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increased ROI $

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Reporting & Transparency

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Financial Management

Design Administration & Delivery

Budget Management Install Coordination

PROJECT MANAGEMENT Renovation Redevelopment Budget Management Cost Plans & Schedules

© Dundee 360 Real Estate Corporation Hospitality Project Management Group

Onsite Design Implementation Resource Coordination Stakeholder/Client Management

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$75 Million

RENOVATION OF FAIRMONT LE CHATEAU FRONTENAC

our proCESS

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Project Start • Design brief development, review and approval • Cost plan prepared • Project/Master schedule prepared

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RFP’s • RFP’s issued to all consultants • Tender analysis of offer of services reviewed issued by designated stakeholders

Approval For Expenditure (Fees/Mock-up) • Approval for expenditure for consultants • Fees issued and approved • Contracts and purchase orders issued based

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• Recommendation made on consultant team

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Charrette • Kick-off meeting to review the project scope, budget, design direction and schedule

Concept Design • Concept design delivered and presented • Budgets prepared and reviewed against cost plan • Drawings and specifications updated

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Schematic Design • Schematic design delivered and presented • Budgets prepared and reviewed against cost plan

to reflect any changes

• Drawings and specifications updated

• Formal notice to proceed to next phase issued

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to reflect any changes • Formal notice to proceed to next phase issued

Design Development • Design development delivered and presented • Budgets prepared and reviewed against cost plan • Formal notice to proceed to next phase issued

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Construction Documents • Fully coordinated construction documents delivered reflecting all changes and value engineering made from Concept Design onwards

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Tendering • PM oversight on construction tender process by prime consultant • PM oversight on tender process for FF&E/OS&E by Procurement

• PM to consolidate all tenders and review against cost plan

• Budgets prepared and reviewed against cost plan • Drawings and specifications finalized and ready for tender

Approval for Expenditure (Project) • Approval for expenditure for project issued and approved

Construction • Construction managed to ensure adherence to schedule, budget and quality

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• All shop drawings reviewed and approved • Site conditions to be reviewed and impacts clearly defined • Project status report on a monthly basis

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• Contracts and purchase orders issued

Occupancy

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• Handover of project with deficiencies and defects corrected

• Maintenance manuals/warranties and attic stock

consolidated and submitted to maintenance department

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our Services

Dundee 360 focuses on the expert execution of any or all specific functions required by the individual client: strategic planning, design, procurement, construction/project management and/or financial controls to maximize financial return or reduce costs based on the individual needs of each client.

Strategic Planning We provide comprehensive strategic planning expertise, from development of strategic capital investment plans to renovation, redevelopment and repositioning initiatives. We have the flexibility to execute any strategic plan, whether it’s one that we have developed, or one provided by the client.

Design We maximize financial returns through compelling, original design or collaboration with wellrespected designers. We manage the design process through to execution, including project administration and brand approvals. This reduces costs with improved coordination and improved scheduling.

Procurement Using our extensive procurement experience and network of reputable suppliers, we ensure budgets are spent wisely and efficiently while delivering the quality our clients expect.

Construction/Project Management We plan, execute and close projects within clearly defined parameters and objectives. Through meticulous coordination of the design process, design professionals, contractors, operators and other stakeholders, we ensure that the key issues of cost, time, quality and above all, client satisfaction, can be realized.

Financial Controls We create and manage project accounts, reports on them and, where necessary, develop financial and management tools that offer transparency to project execution.

Our customized services focus on delivery of a seamless process, driven by strong coordination and communication between all stakeholders, detailed financial and project reporting, and unquestionable accountability and integrity. These guiding principles result in minimized costs, improved efficiencies, and increased financial returns for our clients.

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$100 Million RENOVATION OF THE FAIRMONT ROYAL YORK

About | Hospitality International and muti-brand Project Management Expertise Group

Our project management and financial team is comprised of industry leaders, all with hands-on, in-depth and highly specialized experience both in North America and around the world. This includes the project management of iconic hotels and resorts such as the Savoy in London, the Plaza in New York, The Fairmont Banff Springs, The Fairmont Hotel Vancouver, The Fairmont Royal York, Fairmont The Queen Elizabeth and Fairmont Le Chateau Frontenac.

Executive Contributions

This sets us apart from the majority of service providers that “buy in” expertise only as required, often from outside of Canada or from beyond the location of the specific project.

Russia England CANADA

France

U.S. Bermuda

Italy

Kazakhstan Turkey

Greece

China

Korea

India

Barbados

Singapore

Australia

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$500+ Million CAPITAL PROJECTS EXECUTED IN THE PAST DECADE

CASE STUDY – Fairmont & hilton Hotels

Dundee 360 Real Estate Corporation asset managed the world’s largest single portfolio of Fairmont and Hilton Hotels on behalf of Ivanhoé Cambridge, a subsidiary of the Caisse de dépôt et placement du Québec and one of the ten largest real estate companies in the world. The original portfolio included an array of 11 historic landmarks, elegant resorts and urban city centre properties located across Canada, the United States and Barbados.

11 HOTELS ORIGINAL ASSET PORTFOLIO To increase the long-term value of the Fairmont and Hilton portfolio, Dundee 360 Real Estate Corporation executed a $250+ million investment program to reposition these core assets to take full advantage of improving income and capital market opportunities. Our capital plan was judicious, as funds were invested only where analysis supported a qualitative and quantitative return on investment, with the goal of establishing market-leading properties. Dundee 360 Real Estate Corporation completed major room renovation programs at several hotels that meticulously planned and coordinated to minimize business displacement. One such program was the $75 million renovation of the historically-significant Fairmont Le Chateau Frontenac, which included the refurbishment of 313 hotel rooms, transformation of the main lobby and food & beverage outlets, construction of a new floor of Fairmont Gold rooms, expansion of the Fairmont Gold Lounge, addition of a luxury spa, renovation and expansion of the health club, meeting space expansion, continuation of masonry and roof replacement work on the hotel’s landmark exterior.

6,440 GUEST ROOMS

$250 MILLION CAPITAL INVESTMENT PLAN

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CASE STUDY - FAIRMONT & HILTON HOTELS

Fairmont Hotel Vancouver Vancouver, BC 557 rooms

Fairmont Chateau Laurier Ottawa, ON 429 rooms

Fairmont Queen Elizabeth Montreal, QC 1,037 rooms

Fairmont Empress Victoria, BC 477 rooms

Fairmont Le Chateau Frontenac Quebec City, QC 620 rooms

Hilton Toronto Airport Toronto, ON 419 rooms

Fairmont Olympic Seattle, WA 450 rooms Fairmont Royal York Toronto, ON 1,363 rooms

Fairmont Washington, D.C. Washington, D.C. 415 rooms Fairmont Royal Pavilion St. James, Barbados 75 rooms

© Dundee 360 Real Estate Corporation Hospitality Project Management Group

Hilton Toronto Downtown Toronto, ON 600 rooms

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fairmont LE Chateau Frontenac Project Overview: A $75M multi-year renovation of the iconic Chateau Frontenac including guest rooms, food and beverage outlets, meeting and public spaces, kitchens and exterior masonry and copper roofs.

Accomplishments include:

$66 MILLION

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$25M design and renovation of 313 new contemporary guest rooms and suites including an expanded Fairmont Gold offering.

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$16M repositioning of 3 stunning new restaurant concepts, working with the Rockwell Group, that capture the history and elegance of the Chateau Frontenac.

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$18M creation of flexible new meeting space, and private group arrival area along with complete refurbishment of reception desks and lobby.

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$16M masonry restoration and copper roof replacement.

FAIRMONT LE CHATEAU FRONTENAC RENOVATION

THE Fairmont HOTEL VANCOUVER

Project Overview: A $30M restoration and repositioning of a city centre landmark in the heart of the cultural and financial districts of Vancouver.

Accomplishments include: •

$12M reconfiguration of lobby and retail space, with EDG Design, in order to create high value luxury retail and introduce a new, more efficient restaurant concept and arrival experience.

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$1.5M relaunch of iconic rooftop restaurant as the premier meeting and social catering space in the city.

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$10.5M masonry restoration and copper flashing replacement

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$2M installation of enhanced fire & life safety equipment

$30 MILLION FAIRMONT HOTEL VANCOUVER RENOVATION

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THE Fairmont Royal York Hotel Project Overview: Project Overview: Execution of a $100M multi-year renovation of the 1,363 room Royal York, the premier business and social catering hotel in the centre of Toronto.

Accomplishments include: •

$65M design and renovation of 900 guest rooms, suites and corridors.

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$18.5M masonry restoration and roof replacement

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$1M de-commissioning of existing pedestrian tunnel connection to Union Station.

$100 MILLION FAIRMONT ROYAL YORK RENOVATION

Fairmont the queen elizabeth

Project Overview: In July 2016 the Queen Elizabeth will close its doors as a $140M transformation is executed from basement to rooftop for Montreal’s most iconic hotel into one of the most technologically advanced and innovative hotels in North America. Key components of the repositioning include:

$140 MILLION

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Reinvention of public spaces featuring community multifunction work hubs, art installations, and beverage offerings with collaborative gathering areas to animate all areas.

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Dynamic food and beverage offerings including a kitchen market next to the main lobby featuring retail bakery, deli, butcher, fish monger, rotisserie, produce, and cafe; a 200+ seat signature restaurant and bar with increased street exposure; unique indoor park and event space concept with food kiosks to host the city’s most high-profile events.

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Renovation of all 950 guest rooms and expansion/relocation of the private concierge floors to the 21st floor, making it the most exclusive offering in the market.

FAIRMONT QUEEN ELIZABETH RENOVATION

Click HERE to see a video of the transformation of the Fairmont Queen Elizabeth.

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About | Hospitality Project Management Group

3+ 10+ 12+

CONTINENTS BRANDS COUNTRIES

About | Hospitality Leadership CONTRIBUTIONS Project Management Group

Our leadership team has played executive roles in the realization of projects worldwide, managing over $3 billion in real estate assets over the past five years for hotel, leisure and resort destinations brands such as Fairmont, Hilton, Marriott, Raffles, Starwood, Swissotel, and W Hotels. Our asset and project management contributions include:

The Fairmont Banff Springs Hotel • $40 MILLION ROOM RENOVATION • NEW GOLD FLOOR

The Fairmont Chateau Lake Louise • 10,000 SQ.FT. DESTINATION SPA PRE-DEVELOPMENT

THE FAIRMONT MONTE CARLO

• $7 MILLION WATER TREATMENT FACILITY • FOOD & BEVERAGE REPOSITIONING

The Village at Blue Mountain Resort • $80M WESTIN TRILLIUM RESORT HOTEL • VARIOUS RESORT AMENITIES AND RETAIL DEVELOPMENT

The Fairmont Jasper Park Lodge • 6,000 SQ. FT. DESTINATION SPA DEVELOPMENT

THE FAIRMONT CHATEAU LAKE LOUISE

The Fairmont Chateau Whistler • 15,000 SQ. FT. DESTINATION SPA PRE-DEVELOPMENT

The Hamilton Princess & Beach Club • $50 MILLION RENOVATION OF 100+ YEAR OLD PROPERTY

The Fairmont Chateau Montebello • VISION STRATEGY FOR 66,000 ACRE LAND HOLDING

The Fairmont Southampton • $55 MILLION POST-HURRICANE RESTORATION

The Fairmont Monte Carlo • €42 MILLION PROPERTY RE-POSITIONING

The Savoy • £250 MILLION PROPERTY REPOSITIONING

Storied Places, an Intrawest Company • $300 MILLION IN FRACTIONAL REAL ESTATE DEVELOPMENTS ACROSS NORTH AMERICA

THE FAIRMONT CHATEAU WHISTLER

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About | Hospitality Project Management Group

10,000+ rooms REPRESENTED BY OUR LEADERSHIP TEAM

Leadership TEAM

Giulio Artico B.Arch, OAQ VICE PRESIDENT, PROJECT MANAGEMENT Giulio brings a diverse background to the Dundee 360 Real Estate Corporation team. As Vice President of Project Management, Giulio is responsible for the project management teams in charge of the refurbishment and repositioning strategy of the Fairmont Hotels and Resorts portfolio. In addition he is responsible for the growth of the group. Career Highlights Include: Executive Director of Design & Construction for Fairmont Raffles Hotels International • Opened the Fairmont Hotel in Jaipur, Raffles and oversaw design planning for Istanbul and Swisshotel in Kazan, Bangalore and Atyrau • Responsible for numerous renovation, refurbishment and infrastructure projects of Fairmont properties in Singapore, Barbados, Bermuda, Whistler, Vancouver, Quebec City, Montreal and Ottawa • Repositioned the Fairmont Monte Carlo and The Savoy in London

Project Architect for The Arcop Group • Project architect in the renovations of the Sun Life building and the Le St. Honoré Condominiums in Montreal and boutique hotels in New York City • Project architect in the construction of the new office building and warehouse for Casiloc in Montreal

Bryan McNicholl DIRECTOR As Development Director of Dundee 360, Bryan brings almost 30 years of real estate development and project management experience and relationships to the table. Known as a creative thinker who enjoys solving complex issues, Bryan served as Project Manager for Station Mont-Tremblant, on behalf of Intrawest Corporation where the team executed on developing and constructing +/-$750M of resort real estate, hotels, amenities, and ski operations. Bryan was responsible for projects in commercial real estate development and leasing, and also in resort operations, tenant improvements, rentals, retail, food and beverage. Bryan was also responsible for numerous high-profile capital projects such as: North America’s only 8 passenger heated detachable gondola, development of the Versant Soleil ski operations, Mont-Tremblant’s summit F&B development, Diable et Géant Golf Courses, and various other resort amenities. It was his versatility and adaptation capabilities that led to his relocation to Blue Mountain Resort in 2000. He was a founding member of the team that developed over $660M of recreational real estate at the base of the mountain including Village hotels; the Westin, Mosaic, Grand Georgian, Seasons at Blue, and Weider Lodge, Plunge Aquatic facilities, numerous village commercial icon buildings, as well as the residential single-family lot development and civil infrastructure.

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MONTREAL TORONTO PHOENIX VANCOUVER

Mark Grenoble

Giulio Artico

Brian McNicholl

COO [email protected] 480 264 3016

VICE PRESIDENT [email protected] 416 214 1666 ext 611

DIRECTOR [email protected] 514 987 6452 ext 524

www.dundee360.com