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