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. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

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

Suggested Articles

As it takes over franchise agreements and management contracts of Orbis' Central Europe hotels, Accor also is looking to divest its stake in the company.

Hotels in the country have reported growth in both revenue and profitability, but the outlook for further improvement in 2019 and beyond is uncertain.

The survey is open to hotel franchise/membership companies, multiunit hotel ownership companies, hotel management companies and hotel developers.