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Dalata might acquire leasehold interest in Hilton Hotel, Dublin 4

commercial property investment

Davy Stockbrokers have today reported that Dalata is in talks to acquire the leasehold of Hilton Hotel Dublin 4 with another unnamed party which is negotiating the purchase of the property.

The hotel, previously known as the Burlington, is being sold by private-equity group Blackstone in a deal that may achieve about €180m.

Blackstone bought the hotel in 2012 for € 67m and is understood to have spent a further € 20m refurbishing it. Dalata has a strong working knowledge of the hotel with Jury’s Doyle previously owning and managing it before selling it in 2007.

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Paul

The author Paul