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.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.