Mövenpick Resort Jumeirah Beach 5 Star Hotel in Jumeirah Beach Residence Initial Offering Overview Jones Lang LaSalle Hotels MENA
CONTENTS Lobby 03 Mövenpick Resort Rendering 04 Location Maps 05 View From 20 th Floor 07 Offering Summary 08 Nearby Mega Projects 09 Project Team 10 Investment Highlights 11 Guest Room Image 13 Schedule of Guest Rooms 14 Brasserie Image 15 Schedule Of Facilities 16 Hotel Accommodation Description 17 Meeting Room Image 18 Hotel Market Overview 19 RevPar Growth 21 Occupancy Rates 22 Average Daily Rates 23 Disclaimer 24 Contacts 25 2
LOBBY 3
MÖVENPICK RESORT JUMEIRAH BEACH, DUBAI 4
STRATEGIC LOCATION Key: Jumeirah Beach Residence 1. The Palm, Jebel Ali 2. The Palm, Jumeirah 3. The World 4. The Gardens Shopping Mall 5. The Gardens 6. Jumeirah Islands 7. Jumeirah Lake Towers 8. International City 5
JUMEIRAH BEACH RESIDENCE SITE MAP 6
VIEW OF BEACH CLUB / PALM ISLAND FROM 20 TH FLOOR 7
OFFERING SUMMARY First branded freehold hotel offered in Dubai Property overview: Located in Jumeirah Beach Residences, the heart of the new Dubai Directly adjacent to Ritz Carlton Hotel Management contract secured with Mövenpick Hotels & Resorts 294 rooms 4 food & beverage outlets Private pool and patio with sea view Direct access to Beach Club Offered as turnkey delivery Anticipated opening early 2008 8
NEARBY MEGA PROJECTS Mall Of The Emirates Dubai Marina Jumeirah Beach Residence Palm Jumeirah Dubai Internet City 9
PROJECT TEAM Master Developer Estithmaar Realty (Dubai Properties, member of Dubai Holdings) Master Planner of Jumeirah Beach Residence - WATG Project Manager - MACE Contractor - Al Habtoor Engineering Enterprises Interior Designer - Wa International Architect - Arif & Bintoak Hotel Operator - Mövenpick Hotel and Resorts 10
INVESTMENT HIGHLIGHTS MARKET OPPORTUNITY Location: Designation: Category : Jumeirah Beach Residences, Dubai Marina Freehold 5 Star Land Size: 3,648 m 2 Total BUA: 21,739 m 2 Height: G+24 Total Rooms: 294 (192 standard, 40 sea view, 46 club rooms, 16 suites) Parking: Facilities: Operator: 137 bays 4 food & beverage outlets, business center, conference and banqueting facilities, direct access to Beach Club Mövenpick Hotels & Resorts under a 15-year Management Contract, 2X5 year additional terms 11
INVESTMENT HIGHLIGHTS MARKET OPPORTUNITY Possession: 2nd Quarter 2008 Finishing: Sales Price: Turnkey Pre-selected FF&E by Purchaser (preferred option) Upon Request Indicative Operating Estimates at Year 4 stabilisation (2011): Occupancy 80% ADR AED 1,020 Total Revenue AED 146 million EBITDA AED 60 million 12
GUEST ROOM 13
SCHEDULE OF GUEST ROOMS SCHEDULE OF GUEST ROOMS Standard Room Standard Room (Direct sea view) Club Rooms Junior Suites (Direct sea view) Royal Suites (Direct sea view) TOTAL ROOM TYPE NUMBER 192 40 46 14 2 294 AREA (m 2 ) 35 35 35 70 140 37 All rooms have sea view 14
BRASSERIE 15
SCHEDULE OF FACILITIES FOOD & BEVERAGE OUTLET Brasserie Lobby Lounge All Day Dining (including Bar) Pool Deck LOCATION Ground Floor Ground Floor Plaza Level (Podium 1) Plaza Level (Podium 1) SEATS 84 48 180 120 OTHER FACILITIES DESCRIPTION Health Club Banquet Room (divisible in 3) 2 Meeting Rooms Business Center Pre-Function Area Club Lounge LOCATION 3 rd Floor (Podium 2) Mezzanine Level Mezzanine Level Mezzanine Level Mezzanine Level 21 st Floor SIZE (m 2 ) 370 550 60 55 220 180 16
HOTEL ACCOMMODATION DESCRIPTION SCHEDULE OF HOTEL ACCOMMODATION Basement Level Ground Floor Podium 2 4-13 Floors 14-20 Floors 21 Floor 22-23 Floors Roof FLOOR Mezzanine Level Plaza Level (Podium 1) Parking and technical services Lobby, lobby lounge, brasserie, back of house, drop off area, parking and driveway Banquet room, pre-function area, executive offices, staff facilities and back of house All day dining, pool deck, pool bar, outdoor function area, landscaped gardens - access to Beach Club Health club and back of house 12 standard rooms and 4 sea view rooms 12 standard rooms and 2 junior suites Club Lounge and 10 club rooms 12 club rooms and 1 royal suite Technical, including lift machinery ACCOMMODATION 17
MEETING ROOM 18
HOTEL MARKET DUBAI The Dubai Government, through mega projects such as the Burj Dubai, Business Bay, The World Islands, Palms Islands and Dubailand is eager to attract international interest, particularly through the development of tourist resorts and summer home communities Opening of 120-million passenger Dubai World Central Airport Corporates rising number of multinationals establishing offices in Dubai Growing importance as exhibition & global conference center Dubai to remain prime shopping destination in the Middle East e.g., existing Mall of the Emirates and Dubai Mall nearing completion Dominant ME business center = rising demand for hotel & office space 19
HOTEL MARKET DUBAI Finance is becoming more competitive with banks increasing amortisation and offering attractive loan-to-value ratios Increasingly attractive business leisure destination 6.8 million arrivals in 2006, expect 14 million by 2014 (WTTC) Current supply of 30,000 rooms and 9,000 serviced apartments Development pipeline of 31,000 rooms and 12,000 serviced apartments including 12,000 rooms on the Palm Jumeirah Land prices, rental rates and RevPar have increased significantly Tourism & business infrastructure development to drive future demand 20
REVPAR GROWTH RevPAR 1,400 1,200 RevPAR (AED) 1,000 800 600 400 200 0 2002 2003 2004 2005 2006 Middle East & North Africa Dubai- City Centre Dubai- Jumeirah Beach Dubai - UAE HotelBenchmark Survey by Deloitte 21
OCCUPANCY RATES Occupancy Rates 90% Occupancy Rates 85% 80% 75% 70% 65% 60% 2002 2003 2004 2005 2006 Middle East & North Africa Dubai- City Centre Dubai- Jumeirah Beach Dubai - UAE HotelBenchmark Survey by Deloitte 22
AVERAGE DAILY RATES Average Daily Rates 1,500 ADR (AED) 1,000 500 0 2002 2003 2004 2005 2006 Middle East & North Africa Dubai- City Centre Dubai- Jumeirah Beach Dubai - UAE HotelBenchmark Survey by Deloitte 23
DISCLAIMER This initial offering of overview has been prepared for the sole purpose of introducing the investment opportunity in the Mövenpick Resort Jumeirah Beach and is not to be used for any other purpose. The Seller and Jones Lang LaSalle Hotels, give notice that (i) the information is supplied solely for the guidance of intending purchasers and constitutes neither the whole nor 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 representations of fact, but should satisfy themselves by searches, enquiries, surveys, inspection or otherwise as to the correctness of each of them; (iii) No representation or warranty is given as to the achievability or reasonableness of any budgets, forecasts, management targets, prospects or returns. Such budgets, forecasts, management targets and projections reflect significant assumptions and subjective judgements. These may or may not prove to be correct and there can be no assurance that any estimates, targets or projections are attainable or will be realised. Jones Lang LaSalle Hotels nor the Seller assume any responsibility for verifying any such budgets, forecasts, management targets and projections. In all cases, interested parties should conduct their own investigation and analysis of the Property and information contained herein; (iv) 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. 24