Project_Mansum Teaser TEST

P R O J E C T Mansum

Iconic 366-room hotel property with long history

Sustained top-performance with OCC of 90+% 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

Langelinje

Fælledparken

Rigshospitalet

The Little Mermaid

Refshaleøen

Kastellet

SMK - Statens Museum for Kunst

Designmuseum Danmark

Marble Church

Kongens Have

Amalienborg Palace

Rosenborg Castle

Round Tower

Noma

ADMIRAL HOTEL

Royal Opera

CITY CENTRE

Skuespilhuset

Kongens Nytorv

Illum

Strøget

CHRISTIANIA

Gamle Scene

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

213 EBITDA

1,193 ADR

TDKK

DKK

PER ROOM

PEERS: DKK 1,109

SALES PROCESS The Seller, CAH A/S, intends to structure the transaction as a share deal, involving the divestment of all shares in 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 a preliminary virtual data room, including performance figures. Prospective buyers are invited to submit an indicative, non-binding offer in 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

Kristian Axel Nielsen Manager Capital Markets Our logo is the most critical and recognizable element of the Colliers International brand. Its consistent and thoughtful application is the cornerstone of a strong global identity. Colliers International | Logo Guidelines Peter Kaalund Højland Petersen Senior Associate

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.winter@colliers.com

PRIMARY LOGO

OTHER VERSIONS — FOR LIMITED USE

Gradient Full-Color Logo The gradient full-color logo is the preferred version. It should be used whenever possible.

One-Color L In the case of limitations (e. use the one- (PMS 541) ve version for pr printing in e

Flat Full-Color Logo When production limitations prevent the use of the gradient version, the flat color version may be used.