Premier Inn Dublin Airport Hotel Price & Review
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Premier Inn Dublin Airport Hotel Listed for Sale at €33 Million
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Kirkland Investments has engaged Savills and cushman & Wakefield to sell the Premier Inn Dublin Airport Hotel, seeking €33 million after expanding the property’s capacity and securing a long-term lease with Premier Inn.
Sale Details and Background
Limerick-based Kirkland Investments, led by robert and Rudi Butler, is selling the Premier Inn Dublin Airport Hotel, having acquired it from the National asset Management Agency (Nama) in 2015 for €11 million [Irish Times]. Since the initial purchase, Kirkland Investments significantly increased the hotel’s room count from 155 to 213 through a new extension.
The property is being marketed jointly by Kevin McMahon and James Scott of Savills, and Patricia Staunton and Ryan Murphy of Cushman & Wakefield. The asking price of €33 million represents a net initial yield of 5.35% and a price per key (per room) of €154,929 [Irish Times].
Property Overview and Location
The Premier Inn Dublin Airport Hotel is located in Airside Business Park, Swords, a key location serving Dublin Airport. this strategic positioning benefits from high visibility and accessibility for travelers.
The Premier Inn Dublin Airport Hotel, located in Airside Business Park, Swords. (Image for illustrative purposes only.)
Financial Performance and Investment Potential
The guide price reflects the hotel’s increased capacity, recent refurbishment undertaken by Kirkland Investments, and the security of a long-term lease agreement with Premier Inn. The 5.35% net initial yield is a key metric for investors evaluating the property’s immediate income potential.
Industry analysts suggest the hotel presents further opportunities for increasing its room count and income, potentially through additional development or operational improvements.
| Metric | value |
|---|---|
| Acquisition Price (2015) | €11 million |
| Current Asking Price | €33 million |
| Number of Rooms | 213 |
| Price Per Key | €154,929 |
| Net Initial Yield | 5.35% |