Irish hotel property sales expected to exceed €700 million

Posted on | by Aisling Rafferty

 

Sales of Irish hotel properties are expected to exceed €700 million in 2016.

Transactions for the year are expected to once again exceed €700 million this year with 55 properties around the country changing hands, according to CBRE Hotels. This year will also be the best year ever for visitor numbers, with more than 10.5 million. 2017 is expected to see further growth of 4.5%

2016 has proved another busy year for the sale of Irish hotels following a record-breaking 2015 where a massive 63 properties were sold, transactions worth €710 million.

A key ingredient to the success, according to CRBE Hotels, is Dublin’s RevPAR (revenue per available room) continuing to attract international buyers. The RevPAr has continued to build momentum since 2014 and has now increased to 23%.

2016 has seen a number of high profile transactions with some of the country’s most famous hotels changing hands during the year.

Blackstone sold DoubleTree by Hilton Hotel to a German investment fund for €180 million, double Blackstone’s original investment in the former Burlington Hotel property. Operations in the property are currently managed by Dalata under the Clayton Hotel brand.

Dublin’s iconic Gresham hotel also changed hands this year, being sold to the Spanish Riu Hotel Group for €92 million after a fierce bidding war. The 4 star 323 bedroom property now called the Riu Plaza Gresham Dublin has planning permission for 140 additional bedrooms and conference facilities.

Hotel occupancy in Dublin has hit record heights this year, at 82 per cent, and will probably continue into 2017 due to the well documented shortage of hotel beds. According to STR Global, the hotel bench markers, during the last twelve months, the average Saturday night occupancy in Dublin was 89.6%.

According to a report by Fitzpatrick Associates, conducted on behalf of Failte Ireland, the large shortfall in accommodation has been negated by Airbnb, which provides around 782 rooms every day. This is the equivalent to four 200-bedroom hotels.

There have been only four new hotels opened in the past eight years- the Gibson, the Temple Bar Inn, the Dean and the Marker. In 2016, one hotel closed (the 182-room Clyde Court) and one opened (the 198-bed Holiday Inn Express on O’Connell Street). Only 16 extra rooms have been added in a city estimated to desperately need an additional 5,000.

here are plans for up to 80 individual hotel projects. Some are new builds and others are extensions to existing properties. The largest hotel will be at Dublin Airport’s T2, with more than 400 rooms.

Other large projects are a hotel at the Convention Centre Dublin (300 bedrooms), the Coombe (260 bedrooms) and a selection of 200-room new builds in Spencer Dock, Bow Lane, Charlemont Street, O’Connell Street, and Mill Street. Most of these won’t be operational until 2018 or 2019

Outside Dublin, a small number of big sales also boosted tourism growth.

Lyrath Estate outside Kilkenny city sold for far more than its €20 million guide price. The 1,250-acre Farnham Estate in Cavan, was sold for more than €22 million. Other country properties that have changed hands this year are the Clarion in Sligo for €13 million to Dalata; the Pillo in Ashbourne to Podium Hotels for €11 million; and Tulfarris Estate at Blessington to PremGroup for €8 million, a good deal higher than the asking price of €5 million.

CV Keywords

CV Keywords – What you need and what to avoid

Posted on | by Aisling Rafferty

Keywords, buzzwords, jargon. Whatever you call them, we here at Excel, see hundreds of CVs every day and know how important it is that certain words make an appearance on your CV, and that others are avoided.

The Good

Verbs

Verbs or ‘doing words’ are crucially important to your CV as they quite literally explain what you have done and the (positive) impact you have had with past employers. Using words such as managed, delivered, improved, reduced, negotiated, planned, supported, trained or resolved all show that you were an active employee in past positions and will quickly make an impression, hit the ground running in a new role and immediately be an asset to a new employer.

Job Titles

Don’t underestimate the power of the Ctrl+ F function and be careful when listing your previous job titles. Don’t just list random words and don’t invent a jargon-filled title to inflate the importance of a previous role. This is the one place on your CVs where it pays to keep it simple. If a recruiter is looking for a quick overview of your experience, they may search for specific job titles. To make sure you’re what they are looking for, look at the specific job ad you’re applying to. If it lists ‘Sales manager’ experience, don’t miss out by listing you last role as ‘Executive Team Lead, Sales’. You might think it sounds more impressive but it could mean your CV is overlooked.

Numbers

Get specific and don’t be afraid to discuss the nitty gritty of your successes. Use tangible examples of your achievements in previous roles rather than meaningless jargon. For example, “This increased profit by 2%” or “this led to a reduction in overheads from £23,000 to £17,000 per year.” However, as with everything on your CV keep in short, neat and concise and don’t go overboard.

The same goes for your education and training, everybody lists their common education history but don’t forget to list specific industry or technical training. Make sure that you list computer systems and tools you are proficient with by their industry-recognised name e.g Photoshop.

….. And The Bad

According to a survey by Career Builder, there are some words that employers see as pointless and just don’t want to see on your resume. There is nothing particularly wrong with them and they all mean well, but some phrases are just so overused they do nothing to distinguish a CV from the rest of the pack. Below are the words you should think twice about including on your C.V

  • Best of breed
  • Go-getter
  • Think outside of the box
  • Synergy
  • Go-to person
  • Thought leadership
  • Value add
  • Results-driven
  • Team player
  • Bottom-line
  • Hard worker
  • Strategic thinker
  • Dynamic
  • Self-motivated
  • Detail-oriented

Remember, first impressions count, so be a self-motivated, dynamic, detail orientated jobseeker who is results driven, thinks outside the box and invests in a Thesaurus.

alcohol bill

Public Health Alcohol Bill faces more criticism

Posted on | by Aisling Rafferty

The controversial Public Health Alcohol Bill is facing fresh criticism and could now be doubt.

The Bill, which would require retailers to separate alcohol products from other food and drink, was the subject of a meeting between the Independent Alliance and Minister of State Marcella Corcoran Kennedy. The group of TDs expressed strong opposition to the Bill and told the minister that the move is “a step too far”.

The Public Health (Alcohol) Bill will require alcohol to be separated from other products in shops by erecting a physical barrier, through which alcohol products and advertising would not be readily visible to members of the public. Independent Minister of State, Sean Canney and Kevin ‘Boxer’ Moran were at the forefront of the criticism. .Mr Canney said it would be “a retrograde step” and simply “inoperable”, while Mr Moran said the proposed laws were akin to a “nanny state”.

The Bill will be debated in the Seanad in the coming weeks and so far, fifty-two amendments to the Bill have been submitted. The passage of the Bill through to the Oireachtas is expected to be “extraordinarily slow”. Fine Gael sources said the pressure on the minister from her own backbenchers is “monumental”, although she was backed up by Tánaiste Frances Fitzgerald at the party meeting.

The Public Health Alcohol Bill has been extremely controversial since its inception, especially within the retail community. If passed, the Bill would see small retailers and corner shop owners have to invest thousands of euro into their premises to build barriers to segregate alcohol products from other products.

Christmas begins Sunday with Grafton Street lights switch on

Posted on | by Aisling Rafferty

 

It’s Christmassssssss!

This Sunday, Christmas officially begins when the Christmas lights are switched on across Dublin city centre.

The official lighting ceremony takes place Sunday 13th at 6pm on Grafton Street. The event, which gets bigger and bigger every year, will be headlined by Hermitage Green. The band from Limerick have been around since 2010 but they became the ones to watch in 2015 when they signed with Sony Music Ireland, released marriage equality single ‘Jenny’ and played sold-out gigs around the country including a hugely successful set at Electric Picnic 2016.

The band are joined by a number of other stand out performers including the Hallelujah Gospel Choir, Jack Wise, the Swing Cats and Glenn & Ronan. Glenn and Ronan became YouTube sensation earlier in the year when their stunning cover of Adele’s ‘Hello’ went viral. The duo were then interviewed on The Ellen Show in LA and performed with Adele herself in the 3Arena.

This event is not to be missed by families and Christmas lovers and may even convince the most hardened of Grinches of the magic of Christmas.

seasonal staff

Important Skills for Seasonal Workers

Posted on | by Aisling Rafferty

Temporary work, especially coming up to the Christmas season, can be a really exciting and fun experience. Not only can working during this busy period earn you extra cash for your Christmas presents but there are loads of other benefits such as networking, learning new skills and filling gaps in your C.V But this type of seasonal work is undoubtedly busy and will require you to have certain skills and personality traits.

Flexibility

While seasonal work offers you a lot of flexibility and control over your schedule, you also have to offer your potential employer flexibility in return. There is no point applying for positions in busy restaurants if you only want to work Friday mornings. The ability to adapt to your employers needs will get you noticed, in a good way.

Ability to work under pressure

It goes without saying that Christmas is a busy time, especially for those in hospitality and catering. The ability to work under pressure and roll with the punches will make temporary seasonal work not only easier but also far more enjoyable.

Quick learner

Again, Christmas is a hugely busy time for most in the hospitality industry. While most employers will offer temporary staff full training, the ability to pick up the basics and adapt quickly to the company’s culture and way of doing things will mean you settle into the job much quicker and be able to give it your best.

Friendly manner

Just because Christmas is a busy time doesn’t mean normal rules go out the window. Being friendly, courteous and engaged is vital in any job but especially within the hospitality industry.

Your ability to remain customer focused during particularly hectic parts of the day will definitely be noted, and appreciated, by the employers.

Positive Thinking

Although the focus at this time of year is on Christmas cheer and being merry, everybody knows it can be a stressful time. The ability to deal with issues and/or complaints without letting them affect the rest of your shift, or even your whole day will mean you will be even more successful in your temporary role.

Perfect CV

The Perfect CV by the Excel experts

Posted on | by Aisling Rafferty

Here at Excel, we see a lot of CVs. A lot. And our team of experienced recruiters are sharing their insider knowledge on what the look for, and what they avoid, when screening CVs. In most cases, your CV is the first impression an employer has of you so make it count. The aim is to get across you have the skills and experience to get the job, and then go get the job. Presentation is key. The CV and accompanying cover letter should be tailored to the particular job you are applying for. Focus on the skills and experience relevant to that job to avoid your CV being overlong and make it stand out from the crowd.

Keeping the layout of the CV neat, clear and consistent along with correct grammar and spelling are CRUCIAL. Sarah Hurley, Buyer and Head Office recruiter, has a clear idea about what makes a good CV “Keep it simple. My ideal CV has a personal profile that sums the candidate up and describes the main objective for their career, followed by career summary, education, IT skills and the relevant interests.” Sarah also adds a small important point for jobseekers, “put CVs in Word format, not PDF as they can be difficult to format if we need to”.

However, there is no point having a great-looking CV if the content isn’t solid. Head of Fashion and Non-Food, Aislinn Lea explains her number one turn-off when it comes to CVs. “ Not too many jumps on their CV is the main thing I would be conscious of.” If you do have gaps or jumps on your CV, be prepared to explain them, both positively and honestly.

Sean Thomas, from our grocery desk and Nikki Murran, head of our Grocery department look for similar things when screening CVs. Sean says “good longevity and career progression with good company brands names, that are leaders in their markets . Nikki also stresses the importance of longevity, “ I look for strong brand progression and longevity in each role.”

Quote concrete examples of your successes in previous roles such as to support your claims. For example, “This increased profit by 2%” or “This led to a reduction in overheads from €23,000 to €17,000 per year”.

Remember, you never get a second chance at a first impression so make your C.V the best it can be and give your job search the best possible start.

National Hospitality Awards 2016

National Hospitality Awards 2016 – Winners

Posted on | by Aisling Rafferty

The 11th annual National Hospitality Awards took place on November 7th in The Intercontinental Hotel in Ballsbridge Dublin. A winner in the Best Business Hotel category, The Intercontinental was host to the best hospitality businesses across the country. The National Hospitality Awards, held in association with Hospitality Ireland magazine also featured speakers David O’Hare (Bru Brewery) Daragh Anglim (Head of Marketing for Fáilte Ireland) and Declan Maxwell (Luna).

Overall Winners

  • Best Boutique Hotel – Tankardstown
  • Best Business Hotel – InterContinental Dublin
  • Best Casual Dining – The Washerwoman
  • Best Catering Job – Aramark – PWC
  • Best Catering Suppliers – General – Pallas Foods
  • Best Catering Suppliers – Specialists – Keelings
  • Best City Hotel – Hayfield Manor
  • Best Cocktail Bar – Vintage Cocktail Club
  • Best Customer Service – The Dylan
  • Best Destination Hotel – Sheen Falls Lodge
  • Best Dining Experience – Mulberry Gardens
  • Best Drinks Supplier – Diageo
  • Best Hotel Bar – Ashford Castle – The Prince of Wales Bar
  • Best Hotel Restaurant – Inis Meáin Restaurant & Suites
  • Best Local Restaurant – The Twelve MacNean House
  • Best New Establishment – Farrier & Draper
  • Best Nightclub – The Wright Venue
  • Best Overall Hotel – The Europe Hotel & Resort
  • Best Overall Restaurant – Loam
  • Best Pub – Stags Head
  • Best Pub with Food – The Oarsman
  • Best Resort Hotel – Ashford Castle
  • Best Seafood Restaurant – O’Grady on the Pier
  • Best Sporting Pub – The Back Page
  • Best Traditional Pub – Toner’s
  • Best Value Hotel – Garryvoe Hotel
  • Best Wine List – The Twelve Hotel
  • Best Hotel Group – Dalata Hotel Group

 

REI Awards 2016

Retail Excellence Awards 2016 – Winners

Posted on | by Aisling Rafferty

The Retail Excellence Ireland Awards 2016 took place in The Radisson Blu, Co Galway on November 5th. The largest awards programme of its type, boasting over 600 total entries annually, the REI awards recognise the best in Irish retail. The awards programme is the largest event of the retail calendar and recognises the professionalism and innovation of companies, stores, websites and individuals in the retail industry. Excel Recruitment were delighted to see so many of our Grocery, Fashion and Non-Food clients recognised as finalists, as well as many winners across the category range, with our full retail team in attendance. Established in 1995, REI has over 1,620 leading retail companies who operate more than 13,000 stores in Ireland and is the largest retail industry body in Ireland.

Retail Excellence Ireland Awards 2016 – Winners

Rising of The Year – Emma Cooke – Springmount Garden Centre.

Best Website of The Year – Carroll’s Irish Gift Store.

Consumer Choice Awards – Scally SuperValu, Clonakilty.

Best Supermarket Award 2017 – Smiths SuperValu Kinsale.

National Store of The Year – Greenacres Co. Wexford.

Best Forecourt of The Year 2017 – Applegreen.

Garden/DIY Centre of The Year – Arboretum Garden Centre.

Specialist Food Store of The Year 2017 – Greenacres Co. Wexford.

Best New Website – Compu B.

Best Digital Campaign of the Year – Inglot Ireland.

Rising Star of the Year – Agata from IKEA Ireland.

Top 5 Store Status.

  • Arboretum Garden Centre.
  • Greenacres Co Wexford.
  • Kilkenny Shop.
  • Tile Style.
  • Matthew Stevens.

Supplier of The Year – StudioForty9.

Manager of The Year – Colin Curtis – Harvey Norman.

Friendliest Place – Navan, Co Meath.

Jervis Street To Get New Topshop / Topman Flagship

Posted on | by Aisling Rafferty

 

Dublin’s Jervis Street Centre will see their first major shakeup in twenty years, with a new Topshop/Topman flagship on the horizon. The Retail Shopping Centre which is located strategically between the capital’s busiest shopping thoroughfare of Henry and Mary Street, will see new tenancy agreements with some of the UK and Ireland’s most popular retailers.

The Arcadia Group is responsible for the Burton Menswear, Dorothy Perkins, Evans, Miss Selfridge, Wallis, Topshop and Topman brands. New plans will see a flagship Topshop – Topman replace five current stores.

Topshop and Topman currently operate their Irish flagship at Stephens Green. The new store in Jervis Street will launch next summer and will replace five stores currently within the shopping centre.

Arcadia’s current stores in the centre, Topman, Topshop, Burton, Wallace and Miss Selfridge will be replaced with a 20,000 sq. ft standalone store on the ground and upper levels. The current letting of all five stores generate a rent of €2million a year. The new rental agreement will see Arcadia pay €1.3 million for the unified space.

Figures via Kantar Worldpanel for 12 weeks ending October 9th.

Dunnes Stores Ireland’s Second Favourite Supermarket

Posted on | by Aisling Rafferty

 

Kantar Worldpanel have realised the supermarket figures for the 12 weeks ending October 9th. The figures are illustrative of Dunnes Stores success, which are now Ireland’s second favourite retailer. SuperValu retain top spot with further sales growth of 2.9% and command a 22.4% overall market share.

  • Tesco have a market share of 21.6% with volume sales increasing.
  • Lidl has increased its share of the market to 11.6%, with sales growth of 5.1%.
  • The average Lidl shopper visited the retailer 11 times over the past quarter.
  • Aldi enjoyed the strongest growth in this period with sales 6.6% higher than last year and growing their share of the market to 11.4%.

David Berry, director of Kantar Worldpanel said ‘’The biggest factor driving growth for Dunnes over the past year has been an increase in the size of the average shopping trip, which has grown by €3 to €38.10.The retailer with the next largest trip size is Aldi, where shoppers part with €25.10 on average – €13 less than at Dunnes’’

All figures from Kantar Worldpanel.