F or Sale b y Pri vat e Treat y

Limerick

Strand Hotel

Ennis Road | Limerick | Ireland

Highlights

Prime Position

• 4 Star Hotel with 184 bedrooms • Extensive food & beverage offerings including the River Restaurant and the Terrace Bar & Café • Conference & Banqueting Centre with a choice of 13 meeting rooms catering for up to 600 delegates • Energize Health Club includes a 20 metre swimming pool, sauna, jacuzzi, free weights room and studio • Underground car parking with approx. 200 spaces • Prominently located in the heart of Limerick with panoramic views of the city and the River Shannon • The Strand Hotel outperformed Limerick RevPAR by over of 80% in 2013 and Limerick recorded the highest RevPAR growth in Ireland August YTD 2014 up 12% on last year (Trending.ie) • Highly profitable hotel demonstrating positive EBITDAR in all months • Available with vacant possession and free from management agreement

The Strand Hotel occupies an enviable location overlooking the River Shannon, a short stroll to Limerick’s main shopping, entertainment and business districts. The hotel is ideally positioned to attract both corporate and leisure customers. Local attractions include King Johns Castle, St Marys Cathedral, the Hunt Museum, Thomond Park and The Limerick Gaelic Grounds.

Limerick

Strand Hotel

Location Shannon Airport Galway City Cork Airport Killarney Dublin Airport

Distance 25 km 97 km 108 km 111 km 208 km

To Dublin and University of Limerick

Destination Limerick Limerick is regarded as the cultural, economic and educational heart of the mid-west region of Ireland. Limerick is situated on the River Shannon, with the historic core of the city located on King’s Island bounded by the Shannon and Abbey Rivers.

The Absolute Hotel

Limerick is a centre of educational and business excellence with a vibrant multicultural population, a flourishing cultural life and a reputation for sporting excellence, particularly strong in the fields of rugby, GAA, rowing and boxing. Limerick is Ireland’s first National City of Culture in 2014 with celebratory events scheduled throughout 2014.

To King John’s Castle & Treaty Stone

Milk Market

Limerick City Museum Hunt Museum

To Limerick Bus & Train Station Sarsfield Street & William Street To Thomond Park

Bedford Row

O’Connell Street Savoy Hotel

Strand Hotel

Henry Street

The Strand Apartments

To G.A.A. Grounds

To Shannon & Galway

Limerick is Ireland’s third largest city and is a long established corporate and business location. ICT, Life Sciences, International Services and Engineering/Consumer Products are present in the area with major employers such as Dell Computers, Analog Devices, Kostal, Aughinish Alumina, Stryker, Vistakon and Cook Medical. Limerick has a population of approx. 450,000 within a 60km radius.

Limerick is synonymous with sporting excellence and Thomond Park (capacity c. 26,000), home to Munster Rugby, provides many highlights throughout the sporting year and remains a long standing attraction for the wider region. The recently renovated Gaelic Grounds (capacity c. 50,000) is an important venue for the GAA and has played host to international rules fixtures between Ireland and Australia. The University of Limerick (UL) provides a purpose built sports arena with expanding national sport responsibilities. UL is home to approx. 17,000 students with another 4,000 full time students in Limerick Institute of Technology (LIT). Limerick is approximately 20 minutes from Shannon International Airport and the Shannon Free Zone, Ireland’s biggest multi-sectoral business park and home to Ireland’s largest cluster of FDI investment outside of Dublin. The Shannon Free Zone has over 100 manufacturing and international service companies employing over 7,500 people. In 2013 1.4 million passengers passed through Shannon Airport. Passenger numbers for H1 2014 are up 15% on the same period 2013.

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Built to international brand standards with a modern design and feel.

The Property

The Strand Hotel opened in 2007 on a site that has been home to the hospitality trade for over 50 years with Jury’s Limerick preceding it. The hotel has received numerous awards including; Georgina Campbell – Business Hotel of the Year 2014, National Hospitality Awards 2014 - Best Business Hotel, Best Chef Limerick in the 2013 & 2014 Irish Restaurant Awards.

The Bedrooms All 184 bedrooms are contemporary in style, generous in size and fully air-conditioned: 170 Superior Bedrooms 13 Junior Suites 1 Presidential Suite Bedroom features include cable TV, complimentary WiFi, full air conditioning, tea/ coffee making facilities, fridge, in room safe and bathrooms with bath and stand alone shower.

Limerick

Strand Hotel

Food and Beverage

The Terrace Bar and Café

The hotel provides an extensive food and beverage offering:

Catering for up to 100 persons, the terrace bar and café is a focal point for locals and guests alike.

The River Restaurant

Private Dining

The highly regarded River Restaurant can cater for between 100 - 120 persons and is the recent recipient of numerous accolades and awards.

Further dining options are available in the John B Keane Library, the City View Suite (on the 7th floor) and the Shannon Suite.

Limerick

Strand Hotel

The property boasts a dedicated business and conference centre with a choice of 13 light filled rooms. The roof top business floor offers an unrivalled backdrop, further enhanced by floor to ceiling height windows and wrap around private balconies.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Suite Shannon Suite Shannon 1 Shannon 2 Shannon 3 Clancy Room O'Donoghue Room O'Callaghan Room Wall Room Library City View Suite Harris Suite City & Harris Henihan Suite O'Brien Suite Wogan Suite O'Brien & Wogan De Lacy Suite



Theatre 600 150 300 145 16 16 16 16 40 40 80 150 40 40 40 100 18

Banqueting 450 110 150 80 33 30 60 110 30 30 30 60 -

Boardroom 95 36 50 30 12 8 8 8 16 20 36 16 16 16 34 10

Limerick

Strand Hotel

Energize Health Club The appeal of the Strand Hotel Limerick is further enhanced by the popular Energize Health Club and Spa. This state of the art leisure facility includes:

• • • • • • • •

Fully equipped gymnasium 20m swimming pool Hydrotherapy pool Sauna & Jacuzzi Plunge pool Aerobics studio Fitness classes Spa with five treatment rooms

Tenure

Freehold

Rates

Rates Payable for 2014 - €401,459

BER

The hotel has C1 rating. A full report is available to interested parties.

Services

We are advised that the following public services are available: Gas, Electricity, Water & Sewage.

TUPE

The purchaser will be required to comply with the relevant legislation in respect of employees.

Basis of Sale Private Treaty

Offers are invited for the freehold interest in the property on the following basis: • F ixtures, fittings and equipment are included in the sale • In addition to the price, all consumable stock is to be purchased at valuation upon completion

Viewing

Strictly by appointment with the joint selling agents, Savills Hotels & Leisure and CBRE Hotels. Under no circumstances should any direct approach be made to the hotel.

CGT Provision

If the property purchase is completed before the end of 2014 and is held for at least 7 years, the capital gain attributed to that 7 year holding period will be exempt from Capital Gains Tax (CGT). We recommend that interested parties satisfy themselves in relation to CGT and taxation matters relating to the property generally and seek tax advice from their own tax advisor.

Further Information

Interested parties may be given access to a data room upon signing a NonDisclosure Agreement (NDA). The data room contains additional information, including floor plans, site maps, financial information, BER Report and other relevant property details.

Contact Savills Ireland 33 Molesworth Street Dublin 2 PSRA: 002233

CBRE Ireland 4 Burlington Rd, Dublin 4 PSRA: 001528

Tom Barrett +353 1 618 1415 [email protected]

Dermot Curtin +353 1 618 5539 [email protected]

Aaron Spring +353 1 618 1446 [email protected]

Lisa Keogh +353 1 618 5507 [email protected]

Kelly & Ryan Solicitors Castle Street Manorhamilton Co. Leitrim

Denis O Donoghue +353 21 490 6118 [email protected]

Tracy Foster +353 1 618 5540 [email protected]

Kirean Ryan +353 71 985 5034 [email protected]

savills.ie

cbre.ie

Solicitors

Savills Ireland & CBRE and the Vendor/Lessor 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, CBRE 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 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 & CBRE on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland.

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