The value of hotel sales in Ireland topped a record €1bn in 2015 according to property consultants, Savills Ireland. In its upcoming report on the hotel sector, Savills notes that demand for hotel assets was consistently strong in 2015 due a wide range of positive factors, such as the 14% growth in overseas visitors, Dublin hotel RevPAR (revenue per available room) growth of … [Read more...]
Search Results for: hotel acquisition
Dalata Hotel Group to acquire Tara Towers Hotel Dublin
Dalata Hotel Group has announced that it has entered into an agreement to acquire The Tara Towers Hotel in Dublin 4, for a consideration of €13.155 million. Completion of the acquisition is scheduled for January 2016. Tara Towers Hotel Dublin is a 3 star hotel located on the Merrion Road, Dublin 4 adjacent to the recently developed Elmpark Urban Campus. Facilities at the … [Read more...]
Frasers Hospitality adds 4 to Malmaison and Hotel Du Vin
Frasers Hospitality, the hospitality arm of Frasers Centrepoint Limited, has acquired a portfolio of four properties in the UK for a consideration of £36.1m from Swire Properties Hotels Holdings through the Group’s subsidiary, Malmaison and Hotel du Vin Property Holdings Limited. This acquisition comes on the back of Frasers Hospitality’s recent purchase of the Malmaison and … [Read more...]
AccorHotels to acquire Fairmont, Raffles and Swissôtel
AccorHotels has announced the signing of an agreement with the Qatar Investment Authority (QIA), Kingdom Holding Company (KHC) of Saudi Arabia and Oxford Properties, an Ontario Municipal Employees Retirement System (OMERS) company for the acquisition of FRHI Holdings Ltd (FRHI), parent of Fairmont, Raffles, and Swissôtel. Outstanding opportunity Sébastien Bazin, Chairman … [Read more...]
easyHotel reports total system sales and profit before tax up 15% and 38%
easyHotel is an owner, developer, operator and franchisor of branded hotels. Its strategy is to target the "super budget" segment of the hotel industry and currently has three owned hotels in Old Street (London), Glasgow, and Croydon comprising 390 rooms, and a further 18 franchised hotels across Europe with 1,490 rooms. It has reported sales up 15% and profit up 38% for the … [Read more...]