Topic: Ireland Hotel Sales
Savills is marketing the €10.7-million sale of the Dublin Citi Hotel with a sale-and-leaseback agreement.
The Dalata-run Gibson Hotel, which was priced at €87 million, may have been sold to Germany's Deka immobilien.
The Radisson Blu Hotel & Spa, Galway is estimated to be worth €50 million, making this hotel sale one of the largest outside of Dublin year-to-date.
The Tifco Hotel Group sale is expected to attract international hotel companies and private equity buyers alike.
The Gibson Hotel in Dublin's north docklands is expected to attract considerable interest in investment.
Despite the decline during the first half of the year, hotel sales are starting to rebound.
Munster's Waterford Marina Hotel sold for well above its asking price, indicating strong demand for rooms.
Profits at Ireland's Dalata Hotel Group rose to €28.5 million last year, a strong sign of the country’s booming central hotel trade.
by HM Staff
Dalata, Tifco and other bidders are looking to spend as much as €80 million for the historic Gresham Hotel in Dublin.
In central Dublin, a nearly 200-year-old hotel is set to be sold.