Subscribe Login
Hotel

German Bank Group Set To Seal Double Tree by Hilton Dublin Deal

By Publications Checkout

German asset manager DekaBank has emerged as the preferred bidder for the Double Tree by Hilton Hotel in Dublin 4, the landmark hotel formerly known as The Burlington, reports The Irish Times.

Yesterday, Irish hotel group Dalata revealed that, in collaboration with another unnamed party, it has entered exclusive discussions to acquire operating interests in, and to commit, a leasehold interest in the Blackstone Group-owned hotel.

Although Dalata, Blackstone and DakaBank have declined to comment on the sale thus far, it is expected that latter has been successful in getting its deal over the line for the hotel.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

Blackstone bought the hotel in 2012 for €67 million, before rebranding it as the DoubleTree by Hilton in 2013, and now looks set to triple its original investment with the sale.

Blackstone has spent in the region of €20 million refurbishing hotel since taking over the property four years ago.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription