Dalata seeks to operate Doubletree by Hilton in Dublin

Dalata, Ireland’s biggest hotel group, is reportedly in exclusive discussions to acquire a leasehold and operating interest in the Doubletree by Hilton hotel in Dublin. 

The hotel, formerly known as the Burlington, is being sold by private-equity group Blackstone in a deal that could reach an estimated €180 million. Blackstone bought the hotel in 2012 for €67 million and has reportedly spent spent another €20 million refurbishing it. The property has reportedly attracted interest from the Abu Dhabi Investment Authority, U.S.-based Hyatt Hotels and Host Hotels & Resorts.

Dalata said it was working in collaboration with an unnamed party that is negotiating to purchase the hotel. In a statement, Dalata said the proposed move would be "subject to further due diligence and there can be no certainty at this time that a transaction will proceed.” The deal may also be subject to the approval of Competition and Consumer Protection Commission. 

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Dalata currently has an estimated 3,200 rooms in Dublin, and the city accounts for more than half of its earnings.

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