Hotel Ibis sold for estimated €5m plus, then franchised back

Hotel Ibis Dublin on the Naas Road in Dublin 22 has been sold and franchised back in an off-market transaction on behalf of AccorHotels for an undisclosed price.

John Hughes of agent CBRE confirmed the transaction took place to Hetherley Capital Partners, which also purchased and franchised back Ibis Coventry Centre, but gave a firm "no comment" when asked about the sale price. However, market sources suggest that the hotel would have sold for in excess of €5 million.

Ibis Dublin is a 150-bedroom three-star hotel adjacent to the N7/Naas Road. It was built in the mid-1990s and substantially refurbished in 2007/2008. Its location next to Junction 9 of the M50 means the hotel is 15kms from Dublin Airport and 10km from the city centre.

It also benefits from good transport links into Dublin city centre by bus or Luas as the Red Cow station is a seven-minute walk from the hotel and the journey time into the city centre is 20 minutes.

The vendor, AccorHotels, is one of the world’s leading hotel operators with a presence in 92 countries with more than 3,700 hotels and 480,000 rooms to its name. With more than 180,000 employees in AccorHotels brand hotels worldwide, the group has nearly 45 years of know-how and expertise in the industry.