IRELAND 1 PROPERTY S$0.5 million TOTAL GROSS PROFIT (FY 2023) S$114.9 million VALUATION (as at 31 December 2023) S$1.6 million TOTAL REVENUE (FY 2023) 136 UNITS Temple Bar Hotel CLAS owns one freehold hotel in Dublin, Ireland. Acquired in November 2023, the 136-unit Temple Bar Hotel operates under a MCMGI. The property mainly serves leisure travellers and has an average length of stay of less than a month. The property is located within Dublin’s Temple Bar area, a key tourist destination and entertainment district, and close to the city’s central business district. The hotel is a short walk to Dublin’s shopping streets and renowned landmarks such as Dublin Castle and the National Gallery of Ireland. Renovation of the property has commenced in 1Q 2024 and is expected to complete in 4Q 2024. The property remains operational during the AEI. HOTEL REVENUE (EUR'000) FY 2023 FY 2022 Temple Bar Hoteli 1,095 - REVENUE PER AVAILABLE UNIT (EUR) FY 2023 FY 2022 Temple Bar Hoteli 115 - i The acquisition of the property was completed on 30 November 2023; hence the gross rental income and RevPAU stated for FY 2023 are for December 2023. ANNUAL REPORT 2023 57 Overview Leadership Portfolio & Performance Sustainability & Governance Financial Statements and Other Information
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