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Dublin Hotel Development

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Presentation on theme: "Dublin Hotel Development"— Presentation transcript:

1 Dublin Hotel Development

2 DUBLIN HOTEL DEVELOPMENT PIPELINE
Granted 4,812 rooms 46% of rooms Lodged / Under Appeal 1,854 rooms 18% of rooms Pre-Planning 2,723 rooms 26% of rooms Source: CBRE Hotels

3 Dublin CITY CENTRE SUPPLY PREDICTIONS UNTIL 2020
36 Dublin CITY CENTRE SUPPLY PREDICTIONS UNTIL 2020 48 4,311 14 1,347 4 493 20 2,061 8 329 2 81 Source: CBRE Hotels

4 GREATER DUBLIN NEW SUPPLY TIMELINE
2,415 56 2,500 5,391 2,000 1,726 205k 1,500 229 593 1,000 145k 315 306 500 2016 2017 2018 2019 2020 COUNTY DUBLIN !!!! Source: CBRE Hotels

5 SITE VALUES PER BEDROOM
2014 2016 2016 Camden Street Price per Bedroom: €41,960 Charlemont Price per Bedroom: €69,186 Kevin Street Price per Bedroom: €59,124 Source: CBRE Hotels Kevin Street: 137 planning permission, €8,100,000 million

6 TRENDS FOR IRELAND

7 TRENDS 1. TRANSACTIONAL ACTIVITY 2. DEVELOPMENT PIPELINE
International Buyers Funding Deal Structures Yield Sharpening 5,000 Bedrooms Hotel Values New Supply Distressed Assets Failte Ireland Regulations Source: CBRE Hotels Dublin More international buyers Potential yield movement by 25 basis points Increasing values will encourage and unlock Dublin hotel for sale No more distress sales and now strategic sellers Development Pipeline Improving funding for development due to trading performance Varying deal structure – Pre Let, Forward Fund, Forward Purchase Dublin should have an additional 5,000 bedrooms by 2020 City can absorb this increase as supported by Fitzpatrick’s Report for Failte Ireland New Failte Ireland are and will be a game changer

8 CBRE HOTELS 12 Team Members 211 Years of Experience THANK YOU


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