The Irish Times is reporting that the Hotel Ibis Dublin on the Naas Road in Dublin 22 has been sold and franchised back in an off-market transaction on behalf of AccorHotels. The price was undisclosed.
John Hughes, of agent CBRE, confirmed the transaction took place to Hetherley Capital Partners, which also purchased and franchised back Ibis Coventry center, but the paper says that he gave “a firm 'no comment'” when asked about the sale price. Market sources suggest, however, that the hotel would have sold for in excess of €5 million.
Ibis Dublin is a 150-bedroom three-star hotel adjacent to the N7/Naas Road. It was built in the mid-1990s and substantially refurbished in 2007/2008. Its location next to Junction 9 of the M50 means the hotel is 15 kilometers from Dublin Airport and 10 kilometers from the city center.