Hilton Dublin Airport Hotel

Northern Cross, Dublin, D17 Y924, IE

Asset description

JLL has been appointed as exclusive selling agent for this 179-guestroom hotel investment opportunity currently trading as the Hilton Dublin Airport, a high quality and full service 4-star hotel.

Ideally located in the rapidly growing Dublin hotel market, the property is conveniently situated near Dublin City’s M1 and M50 motorways, just minutes from Dublin City Centre and Dublin Airport.

Opened in 2006, the hotel has 179 generously sized guestrooms, Burnell Bar & Grill, popular meeting spaces, extensive secure car parking and full air-conditioning throughout.

Offered for sale with the benefit of long leasehold title (original 475-year lease at a nominal rent), the Hilton Dublin Airport boasts an established trading history and improving NOI, all located in a highly sought after urban market.

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Attributes

Asking price

¥5,636,451,000

Keys

179

Floors

Parking spaces

166

Tenure

Freehold

Media

Investment highlights

Occupying a high-profile location at the entrance to Northern Cross Business Campus, a popular office and retail scheme boasting major corporates such as Mylan, Aramark and Experian, all just minutes from Dublin City Centre and Dublin Airport
Modern, purpose built, full-service Hilton hotel, opened in 2006 and built by Walls Construction, one of Ireland’s leading building contractors
The hotel offers 179 well-appointed guestrooms, the refurbished Burnell Bar & Grill, the Walls Suite ballroom (250-person capacity), extensive surface and underground car parking and full air-conditioning throughout
Operated with the benefit of a management agreement with Hilton (due to expire in 2025), with the hotel capitalising on the very strong passenger traffic at Dublin Airport, in addition to city centre demand
A profitable and well managed trading business, with exciting scope for further performance growth and benefiting from the addition of 13 brand new keys
Dublin RevPAR levels have remained strong, whilst Dublin Airport recently had a €320M runway extension