Grand Regal Feasibility

GRAND REGAL FEASIBILITY

DOHA - QATAR



Annual Tourism Performance Report 2015

Hotel apartment performance 2015
Starting in 2015, hotel apartment establishments were included within Qatar’s accommodation statistics. In 2015 there were 21 hotel apartment properties in operation, with over
1,900 rooms. Without comparable data for 2014, however, it is not yet possible to assess how this segment has performed over time.

In 2015 hotel apartment occupancy rates outpaced those of hotels (76% vs. 71%), most likely due to longer average length of stay (ALOS) at 7.99 nights relative to 3.30 nights for hotels.
However, both RevPAR and ARR were lower across hotel apartments in comparison to hotels.

Accomodation sector performance summary 2013-15

2013 2014 2015
ARR
Occ RevPAR Occ ARR RevPAR Occ ARR RevPAR ALOS
580
All 65% 376 73% 557 407 71% 520 370 3.51
785
All hotels 61% 395 480 71% 735 525 71% 526 372 3.30
All hotels apartment 71% 279 280 76% 390 296 76% 471 356 7.99
5 star 67% 255 186 74% 292 215 67% 763 512 2.61
4 star 66% 170 72% 249 180 76% 342 261 5.05
3 star 66% 318 211 2.65
1 & 2 star 72% 206 149 2.96
Deluxe apartment 73% 536 389 8.41
Standard apartment 83% 331 275 7.22

* ARR and RevPAR are in Qatari Riyal (QAR) terms

6



GRAND REGAL (5* PROPERTY)

Calculation as per QTA Annual Tourism performance report 2015

Rooms % of ADR REVPAR Revenues per Revenues per
210 occupancy 764 512 day month

67% 107,520 3,270,400

Minimum required coverage

Rooms % of ADR REVPAR Revenues per Revenues per
210 occupancy day month

70% 521 365 76,650 2,331,438

REVENUES % of total Revenues per Revenues per Revenues per
revenues day month year
Rooms revenues
F&B revenues 61% 76,650 2,331,438 27,977,250
Other revenues 37% 46,493 1,414,151 16,969,807
TOTAL REVENUES 2% 2,513
100% 125,656 76,441 917,287
3,822,029 45,864,344
EXPENSES 40% 50,262
1,528,811 18,345,738

NET OPERATING PROFIT (% NOPPAR Profit per day Profit per month Profit per year
of total revenues) 359
60% 75,393 2,293,217 27,518,607

LOAN 20 YEARS (AMOUNT) % of interest TOTAL
332,325,000 4.25% 493,889,030
550,372,131
PROFIT FOR 20 YEARS (AMOUNT)
% OF COVERAGE 111.44%



Revenues generation specifics

REVENUES % of total Revenues per Revenues per Revenues per
revenues day month year
Rooms revenues
F&B revenues 61.0% 76,650 2,331,438 27,977,250

Restaurant 37.2% 46,782 1,422,941 17,075,295
Bar
Night Club 11.9% 15,000 456,250 5,475,000
Banqueting/Meetings 9.6% 12,055 366,667 4,400,000
14.4% 18,082 550,000 6,600,000
Other revenues 1.3% 1,644 50,000
600,000
Spa 1.8% 2,262 68,797
Laundry 825,558
Other 0.8% 1,000 30,417
0.8% 1,000 30,417 365,000
TOTAL REVENUES 0.2% 7,969 365,000
262 95,630
EXPENSES 100.0% 3,823,175
125,693 45,878,104
Manpower expenses
F&B materials cost Expenses specifics
All other expenses
TOTAL EXPENSES % of total Expenses per Expenses per Expenses per
revenues day month year
PROFIT
21.0% 26,396 802,867 9,634,402
9.3% 11,695 355,735 4,268,824
9.7% 12,186 370,668 4,448,016
40.0% 50,277 1,529,270 18,351,241

60.0% 75,416 2,293,905 27,526,862