Dublin hotel is sold, franchised back for AccorHotels

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.

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.

 

Suggested Articles

The company expects the reductions—which include the elimination of 270 positions—will provide approximately $30 million in savings.

The world used to be our oyster and now our oyster is closed. Oysters can do a lot worse, of course, which is what we are hoping to avoid.

Whitbread told the market that it was in talks with lenders after closing its hotels, a position it said may have put it in default of its agreements.