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




Corio sold two French assets for € 26.5 million (NL/FR) Tuesday, April 15, 2014

Corio sold two French assets for a total amount of € 26.5 million to two buyers. The disposals concern the office ‘Kupka C’ located in Paris La Défense (sold to ERAFP) and an industrial building situated in Brétigny, a Southern…

IHG® signs the first internationally branded hotel in Stavropol, Russia (RU) Tuesday, April 15, 2014

InterContinental Hotels Group (IHG®), one of the world’s largest hotel companies today announced the signing of Holiday Inn® Stavropol – the first internationally branded hotel in the city.  IHG will manage the hotel on behalf of new owner Metropolia 26…

Dominvs Group acquires historic London court building (UK) Friday, March 21, 2014

The former Tower Bridge Magistrates’ Court and Police station 0.62 acre site in Tooley Street London, has been acquired by the London based Asset Management firm, Dominvs Group.   The 46,000 ft² Grade-II listed property lends itself well to a…

Savills sells residential plot in Stockholm (SE) Friday, March 21, 2014

International real estate adviser Savills has advised private real estate company Granen Fastighetsutveckling on the sale of land located at Brommaplan in Stockholm, Sweden. The plot has been acquired by Swedish construction company SSM Bygg och Fastighets AB for an undisclosed amount….

Hilton Worldwide continues Polish expansion of Hampton by Hilton (PL) Friday, March 7, 2014

Hilton Worldwide is increasing its presence in Poland with the signing of its first hotel in the regional city of Jelenia Góra. The 3-story, 118-guestroom hotel is due to open later this year under its Hampton by Hilton brand, joining 17 Hilton…

Savills sells residential project in the Stockholm region for €48 mln (SE) Friday, March 7, 2014

Savills has represented private construction company Wästbygg on securing forward funding for its residential project located near Stockholm, Sweden. The property has been acquired by Swedish pension firm Alecta for approximately SEK 430 million (approx. €48 million).   The project,…

1 2 3 4 5
The link to this report will be sent to your email:

* indicates required