Hilton Dublin Airport Hotel
Northern Cross, Dublin, D17 Y924, IE
CA$56,279,000
Portfolio description
Project Abbey presents a rare opportunity to acquire two of Ireland’s best regional city centre hotels, comprising the Ormonde Hotel in Kilkenny, its adjacent multi-story car park and the Absolute Hotel in Limerick.
Spanning 217 keys in total and located amidst numerous strong corporate and leisure demand drivers, these prime assets offer a rare foothold into the prime urban markets of Kilkenny and Limerick City.
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Attributes
Units
217
Parking spaces
741
Project Abbey (2 Properties)
Project Abbey (2 Properties)
Media
Investment highlights
- Prime Regional Locations Occupying coveted city centre locations in Kilkenny & Limerick, with high barriers to entry
- Strong in place cashflow growing hotel and car parking portfolio revenue of over €15M in 2024
- Three purpose built assets totalling 217 modern keys and 781 car parking spaces across 3 properties
- Exciting performance growth portfolio revenue forecast to reach €16M in 2025, with further upside remaining
- Robust hotel markets Kilkenny & Limerick hotel market RevPAR grew by 4% & 3% in 2024
- Clear development potential numerous opportunities to add new hotel keys and repurpose spaces
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Last updated
May 8, 2025
