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.Risk Warning:
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.