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A year
In hotels
And what’s
to come
Whitbread in a nutshell
277years in business
£6bn market cap
810 hotels
3brands
35,000employees
2
A rapidly expanding
business
3
Torquay
Tiverton
Jersey Southampton
Sevenoaks
Horsham
London is a key
market
4
Premier Inn Wembley
Bar & Block Aldgate
hub by Premier Inn Westminster
hub by Premier Inn LoungePremier Inn Farringdon (Smithfield)
The plan for this evening
Will Duffey
Managing Director,
Hotels & Hospitality
Group, JLL
Derek Griffin
Head of Acquisitions,
London & South,
Whitbread
Dan Burr
Partner, Sheppard
Robson Architects
Jonathan Langdon
Acquisitions Manager,
Central London,
Whitbread
Louise Woodruff
Acquisitions Manager,
Outer London,
Whitbread
6
A year
In hotels
And what’s
to come
UK Hotel Investment Market
Will Duffey
Managing Director
JLL Hotels and Hospitality
© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.
United Kingdom
Hotel Investment Overview
Transaction Name Seller Buyer Price £m
Grange Hotels Grange Hotels Queensgate Investments Confidential
Hallmark Hotels Portfolio Topland Group of Companies
LGH Hotels Management
Limited
250
Project Zinc Alix Partners VIVION Investment 246
Premier Inn & Staycity
Paddington
The Pickstock Group M&G Real Estate 203
Sofitel London Gatwick Arora Hotels Schroders Real Estate Hotels 166
The Gate Aparthotel (CR27) Osprey Equity Partners Aviva Investors Confidential
Compass Hotel Portfolio Pears Family UBS Global Asset Management 90
Crowne Plaza London AF Global Limited Heeton Holdings Ltd 83
Holiday Inn Manchester Starwood Capital Group EMEA Azure Hotels 68
Source: JLL
Notable Hotel Deals 2019
9
© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. 10
Hotel Name No. of Rooms Opened
STAY Camden 214 2019
Hoxton Southwark 192 2019
hub by Premier Inn London City Bank 61 2019
The Standard London 266 2019
Source: JLL Source: STR
£127£153
ADR RevPAROccupancy
83.2%
13,616
Pipeline RoomsCurrent Room Supply
142,505
Q3 YTD 2019 Snapshot
Notable hotel deals 2018 – Q3 2019 Recent hotel openings
Sep-19 The Gate Aparthotel (CR27) Osprey Equity Partners Aviva Investors Confidential
Apr-19 Crowne Plaza London Kensington
AF Global Limited (formerly LCD
Global Investments Ltd)
Heeton Holdings Ltd 83.0
Mar-19 Grange Hotels Grange Hotels Queensgate Investments Confidential
Mar-19 Travelodge Southwark Glebe Asset Management Limited Lothbury Investment Management 56.3
Feb-19 Travelodge Brent Cross Aberdeen Standard Investments Private 16.0
Jan-19 Premier Inn & Staycity Paddington The Pickstock Group M&G Real Estate 203.0
Dec-18 54-57 Great Marlborough Street Quadrum Real Estate Reuben Brothers 60.3
BuyerSellerTransactionDate Price £m
Hotel Name No. of Rooms Due
Pan Pacific London 255 2020
Claridge's Hotel 40 2020
Hotel Indigo London Clerkenwell 151 2021
Mandarin Oriental Mayfair London 53 2021
Hotels in the pipeline
Source: STR
Note: Pipeline rooms are under those under construction only
London
Hotel Investment Overview
© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. 11
The Guardsman Hotel
53 Rooms
Buckingham Gate
Due 2020
The Standard
266 Rooms
King’s Cross
Opened 2019
The Motto by Hilton 100
Rooms
Marylebone
Due 2021
The Hoxton Southwark
192 Rooms
Southwark
Opened 2019
New hotel openings
Travel & Tourism Trends
Demand: positive momentum in the travel and tourism industry is driving hotel demand
© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.
World GDP forecast by industry Forecast for international tourist arrivals 2018 visitor arrivals by region
Source: UNWTO
Source: UNWTO
Region
Visitor
arrivals (m)
Growth
vs 2017
Europe 713 6%
Asia Pacific 343 6%
Americas 217 3%
Africa 67 7%
Middle East 64 10%
Total 1,404 6%
Source: WTTC
Note: CAGR 2017 - 2027 world GDP forecast by industry
12
13
Experience Economy
Co-Working
Flexible Space
Hospitality
Serviced Apartments
Extended Stay
Hostels
Co-Living
Student
Affordable Housing
Healthcare
Traditional Vs.
Alternative
The Blurred Lines of Real Estate and Hospitality
Real estate as we know it, is changing…
A year
In hotels
And what’s
to come
Farringdon
TowerHill Marylebone
PaddingtonHolborn
Camden
DeloitteHQ Citicape House
CO+
LiverpoolUniversity CitizenM
Culture andArts
IndependentRetail
Workspace
Residential Streets
Hotels
“The MissingPiece of
thePuzzle”
Hardman SquarePavilion SpitalfieldsPavilion
Olympic ParkBridges FitzroyPlace
Citicape House
Citicape House
Citicape House
Theoretical Research ProjectCitizenM underConstruction
A year
In hotels
And what’s
to come
26
Finsbury Park
27
Modular construction
on-site 26 11 2019
28
Canary Wharf, Westferry
29
Paddington Basin
East meets West
30
Eight trading hotels
31
1,550 hub by Premier
Inn bedrooms 32
Committed pipeline
33
What’s to come?
• Continued demand for hotels
• Blurring of uses / use classes
• Use of technology
• Measuring contribution
35
A year
In hotels
And what’s
to come

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Whitbread southern team event presentation final

  • 1. A year In hotels And what’s to come
  • 2. Whitbread in a nutshell 277years in business £6bn market cap 810 hotels 3brands 35,000employees 2
  • 4. London is a key market 4 Premier Inn Wembley Bar & Block Aldgate hub by Premier Inn Westminster hub by Premier Inn LoungePremier Inn Farringdon (Smithfield)
  • 5.
  • 6. The plan for this evening Will Duffey Managing Director, Hotels & Hospitality Group, JLL Derek Griffin Head of Acquisitions, London & South, Whitbread Dan Burr Partner, Sheppard Robson Architects Jonathan Langdon Acquisitions Manager, Central London, Whitbread Louise Woodruff Acquisitions Manager, Outer London, Whitbread 6
  • 7. A year In hotels And what’s to come
  • 8. UK Hotel Investment Market Will Duffey Managing Director JLL Hotels and Hospitality
  • 9. © 2019 Jones Lang LaSalle IP, Inc. All rights reserved. United Kingdom Hotel Investment Overview Transaction Name Seller Buyer Price £m Grange Hotels Grange Hotels Queensgate Investments Confidential Hallmark Hotels Portfolio Topland Group of Companies LGH Hotels Management Limited 250 Project Zinc Alix Partners VIVION Investment 246 Premier Inn & Staycity Paddington The Pickstock Group M&G Real Estate 203 Sofitel London Gatwick Arora Hotels Schroders Real Estate Hotels 166 The Gate Aparthotel (CR27) Osprey Equity Partners Aviva Investors Confidential Compass Hotel Portfolio Pears Family UBS Global Asset Management 90 Crowne Plaza London AF Global Limited Heeton Holdings Ltd 83 Holiday Inn Manchester Starwood Capital Group EMEA Azure Hotels 68 Source: JLL Notable Hotel Deals 2019 9
  • 10. © 2019 Jones Lang LaSalle IP, Inc. All rights reserved. 10 Hotel Name No. of Rooms Opened STAY Camden 214 2019 Hoxton Southwark 192 2019 hub by Premier Inn London City Bank 61 2019 The Standard London 266 2019 Source: JLL Source: STR £127£153 ADR RevPAROccupancy 83.2% 13,616 Pipeline RoomsCurrent Room Supply 142,505 Q3 YTD 2019 Snapshot Notable hotel deals 2018 – Q3 2019 Recent hotel openings Sep-19 The Gate Aparthotel (CR27) Osprey Equity Partners Aviva Investors Confidential Apr-19 Crowne Plaza London Kensington AF Global Limited (formerly LCD Global Investments Ltd) Heeton Holdings Ltd 83.0 Mar-19 Grange Hotels Grange Hotels Queensgate Investments Confidential Mar-19 Travelodge Southwark Glebe Asset Management Limited Lothbury Investment Management 56.3 Feb-19 Travelodge Brent Cross Aberdeen Standard Investments Private 16.0 Jan-19 Premier Inn & Staycity Paddington The Pickstock Group M&G Real Estate 203.0 Dec-18 54-57 Great Marlborough Street Quadrum Real Estate Reuben Brothers 60.3 BuyerSellerTransactionDate Price £m Hotel Name No. of Rooms Due Pan Pacific London 255 2020 Claridge's Hotel 40 2020 Hotel Indigo London Clerkenwell 151 2021 Mandarin Oriental Mayfair London 53 2021 Hotels in the pipeline Source: STR Note: Pipeline rooms are under those under construction only London Hotel Investment Overview
  • 11. © 2019 Jones Lang LaSalle IP, Inc. All rights reserved. 11 The Guardsman Hotel 53 Rooms Buckingham Gate Due 2020 The Standard 266 Rooms King’s Cross Opened 2019 The Motto by Hilton 100 Rooms Marylebone Due 2021 The Hoxton Southwark 192 Rooms Southwark Opened 2019 New hotel openings
  • 12. Travel & Tourism Trends Demand: positive momentum in the travel and tourism industry is driving hotel demand © 2019 Jones Lang LaSalle IP, Inc. All rights reserved. World GDP forecast by industry Forecast for international tourist arrivals 2018 visitor arrivals by region Source: UNWTO Source: UNWTO Region Visitor arrivals (m) Growth vs 2017 Europe 713 6% Asia Pacific 343 6% Americas 217 3% Africa 67 7% Middle East 64 10% Total 1,404 6% Source: WTTC Note: CAGR 2017 - 2027 world GDP forecast by industry 12
  • 13. 13 Experience Economy Co-Working Flexible Space Hospitality Serviced Apartments Extended Stay Hostels Co-Living Student Affordable Housing Healthcare Traditional Vs. Alternative The Blurred Lines of Real Estate and Hospitality Real estate as we know it, is changing…
  • 14. A year In hotels And what’s to come
  • 15.
  • 21.
  • 25. A year In hotels And what’s to come
  • 32. 1,550 hub by Premier Inn bedrooms 32
  • 34. What’s to come? • Continued demand for hotels • Blurring of uses / use classes • Use of technology • Measuring contribution
  • 35. 35
  • 36. A year In hotels And what’s to come