Dalata agrees deal for former Burlington Hotel

Dublin 4 property to be rebranded as a Clayton hotel

30th September, 2016
Double Tree by Hilton Hotel to be rebranded after deal. Pic: RollingNews.ie

Hotels group Dalata has conditionally agreed to acquire the operating interest of the Double Tree by Hilton Hotel, formerly the Burlington Hotel in Dublin 4, for €2.5m.

Deka Immobilien is to buy the freehold interest of the property. Dalata will have a 25-year operating lease, subject to certain conditions, including periodic rent reviews. The deal is expected to be completed in November. Under the deal, the hotel will be rebranded as a Clayton hotel.

The hotel is a four-star property located on the corner of Sussex Road and Burlington Road in Dublin. It contains 502 bedrooms, two bars, a restaurant and lounge, a 24-hour gym and conference and meeting facilities.

Last year, the hotel recorded revenues of €29.5m and a pre-tax profit of €2.2m. Dalata said it would have contributed €4.3m to the company in earnings if it had traded under the terms of its new operating lease.

"The hotel will be an excellent addition to our portfolio and the Clayton brand. We will continue to invest in the property to ensure that it retains its position as the leading venue for large conferences and functions in the city,' said Dalata's hea dof development and strategy Shane Casserly.

Related Stories

Dalata in exclusive talks to acquire leasehold interest in Dublin 4 Hilton Hotel

Dalata first-half pre-tax profit rises to €18.2 million from €2.7 million

Debate on tourism tax break heats up before Budget

Share this post

Related Stories

Pascal Lamy: As America turns the page, the EU must sharpen its climate innovation edge

Colin Murphy: Ireland was abusing its unwed mothers even before there was Church and state collusion

Wayne Neilon: Piecemeal approach will not save Ireland‘s céad míle fáilte

Off Message: Flighty influencers have gone too far this time