Two Clarion hotels up for sale in Dublin (IE)

Print Print
Wednesday, June 12, 2013

Clarion Hotel Dublin Airport

International real estate advisor Savills has been appointed, on behalf of the receivers KPMG, to sell the Clarion Hotel IFSC and Clarion Hotel Dublin Airport. The hotels are being offered for sale by private treaty either individually at the respective guide prices of €30 million and €10 million, or together as one lot for a guide price of €40 million.


The Clarion Hotel IFSC is a leading four-star, city center hotel overlooking the River Liffey in the Docklands area of Dublin. The modern hotel comprises 165 bedrooms, lounge, bar, restaurant and full leisure club with approximately 1,000 members.


The property includes 10 conference rooms of various sizes and events facilities which can cater for up to 150 people. Due to its location in the International Financial Service Centre (IFSC), and close proximity to the Convention Centre Dublin, The O2 Arena, Bord Gais Theatre, Aviva Stadium and Croke Park, the property is ideally situated to capture both the corporate and leisure trade, with a strong mix of both domestic and international guests.


The hotel’s average room rate is more than €100 per night, with 2012 occupancy levels at approximately 80%. These positive indicators reflect the buoyant Dublin hotel market which continues to improve, with STR Global reporting RevPAR growth of approximately 13% in 2012, compared with growth of 12% in 2011.


The Clarion Hotel Dublin Airport is the city’s original airport hotel located on a prominent site at the entrance to the Airport campus. This four-star hotel includes 247 bedrooms, lounge, bar and restaurant along with superb conference and banqueting facilities.


The property is highly profitable with 2012 occupancy levels around 75% and average room rates at approximately €65 per night. Airport passenger numbers grew to 19.1 million in 2012, up from 18.7 million in 2011. In addition, the Dublin Airport Authority (DAA) recently announced plans for the creation of a 70-acre business park on the Airport grounds which would significantly transform the Airport campus that has already benefited from the development of the modern Terminal 2 in 2010. The hotel is held on a long leasehold basis from the DAA, with approximately 55 years unexpired term remaining.


Tom Barrett of Savills Hotels and Leisure team in Ireland, says: “The joint sale of the Clarion Hotel IFSC and Clarion Hotel Dublin Airport is the most exciting opportunity to come to the Irish hotels sector so far this year. Comprising a total 412 four-star bedrooms it represents the chance for an investor to gain a significant foothold in the Dublin hotel market in two prime locations. Both hotels are trading well and are highly profitable.”


Choice Hotels Ireland currently manage the hotels and both properties carry the Clarion flag under a franchise agreement with Choice Hotels International. The properties are available free from this management agreement and Clarion brand, if required.


Source: Savills



Aeriance Investments’ total €285.6 mln of real estate loans in 2014 (EU) Tuesday, January 27, 2015

Aeriance Investments S.à.r.l., the European Commercial Real Estate Lending Specialist, saw an unprecedented level of appetite for both commercial and residential loans throughout 2014, bringing its total volume of loans written since the Company’s inception in 2008 to 106, at…

JLL advised double office sale in Poland (PL) Monday, January 26, 2015

BPT Optima has sold two buildings from its office real estate portfolio in Poland. Both Obrzeżna Building in Warsaw and the Baltic Business Center in Gdynia were purchased by Octava FIZAN, an investment fund affiliated with Octava SA, a property…

Skanska sells commercial projects in Copenhagen for €73.9 mln (DK) Wednesday, January 21, 2015

Skanska sells two commercial projects to the Danish pension fund PFA Pension for DKK550 mln (€73.9 mln). The projects are situated in Gladsaxe and Havneholmen in the Copenhagen area and comprise in total approximately 19,100 m² offices.   The transaction…

Deka Immobilien sells office building in Sweden (SE) Wednesday, January 21, 2015

Deka Immobilien GmbH has sold the “Frösunda Port” office building in Solna, Sweden, for SEK790 million (around €84 million). FastPartner, a listed Swedish real estate company, purchased the property from the portfolio of the open-ended real estate mutual fund Deka-ImmobilienGlobal….

Skanska commences construction of The Monument Building, London EC3 (UK) Monday, January 19, 2015

Skanska, has completed demolition of the existing building at 11-19 Monument Street and commenced construction of The Monument Building, its 94,000 ft² (8,733 m²) office development in London EC3.   The new building, being developed under the Workplaces by Skanska…

IHG signs two hotels at Aberdeen International Airport (UK) Friday, January 16, 2015

InterContinental Hotels Group, one of the world’s leading hotel companies, announced the signing of two hotels at Aberdeen International Airport: Crowne Plaza Aberdeen Airport and Holiday Inn Express Aberdeen Airport.  Both hotels will operate under franchise agreements with long-time owner…

1 2 3 4 5
  January  2015  
Mon Tue Wed Thu Fri Sat Sun
  1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
The link to this report will be sent to your email:

* indicates required