Project Mansum Teaser

P R O J E C T Mansum

Best-performing hotel in Denmark offered for sale

Iconic 366-room hotel property with long history

OCC rates of 90+% virtually every year since 1978

Unique waterfront location in the very heart of Copenhagen

Copenhagen named the top travel destination to visit in 2019

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BUOYANT COPENHAGEN HOTEL MARKET Golden KPIs, including strong bednight growth

6% Average annual bednight growth since 2010

7.4m Copenhagen bednights at all-time in 2018

61% Copenhagen bednights in the leisure guest segment

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Fælledparken common Rigshospitalet

Langelinje

The Little Mermaid

Refshaleøen

The Citadel (Kastellet)

SMK - National Gallery

Design Museum Denmark

Marble Church

King’s Garden

Amalienborg Palace

Rosenborg Castle

Round Tower

Noma

Royal Opera

ADMIRAL HOTEL

CITY CENTRE

Royal Playhouse

Kongens Nytorv

Illum

Strøget

Old Stage

Old Stock Exchange Royal Library

Christiania

City Hall

CHRISTIANSHAVN

Tivoli

Central Station

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COPENHAGEN ADMIRAL HOTEL

366 rooms, including 52 suites

High-quality restaurant seating 110

11 modern and highly functional conference rooms

HOTEL OPERATIONS 2018 96 % OCC PEERS*: 83%

1,142 RevPAR

D KK

PEERS: DKK 922

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213 EBITDA

1,193 ADR

TDKK

DKK

PER ROOM

PEERS: DKK 1,109

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*See PEERS

SALES PROCESS The Seller, CAH Holding A/S, intends to structure the transaction as a share deal, involving the divestment of all shares in CAH A/S, the SPV owning the property located at Toldbodgade 24, DK-1253 Copenhagen K, and running hotel operations from the property under the name of Copenhagen Admiral Hotel. This represents a unique opportunity to secure a landmark hotel property, appealing to both owner-operators and investors, also in terms of joint venture structures between property investors and first-class hotel operators. Timeline A structured sales process commences in February 2019, targeting closing by the end of the second quarter of 2019. Subject to signing a non-disclosure agreement (NDA), prospective buyers will be granted access to an Investment Memorandum (IM) and selected property particulars, including performance figures. Prospective buyers are invited to submit an indicative, non-binding offer in early April 2019. Further details of the sales process will be made available in a process letter accompanying the IM. By structuring the transaction as a share deal, the parties are able to benefit from deferred taxes.

For more information, please contact Colliers, Copenhagen

Peter Kaalund Højland Petersen Manager

Kristian Axel Nielsen Director Capital Markets

Peter Winther CEO, Partner, MRICS

T: +45 61 71 14 10 E: peter.kaalund@colliers.com

T: +45 31 44 14 42 E: kristianaxel.nielsen@colliers.com

T: +45 28 19 66 76 E: peter.winther@colliers.com