July 25, 2018. London, UK.
Hetherley Capital Partners (“Hetherley”) is pleased to announce the completion of the sale of the 150-bedroom Ibis Dublin Hotel for a price in excess of €14.0m. The disposition is the latest endorsement of Hetherley’s growing reputation in the market.
“We are delighted to have played our part in the turnaround of the Ibis Dublin Hotel. The original acquisition came with it an obligation to comprehensively refurbish the property, which we undertook in 2016, and since that point we have worked hard to maximise its capital value, which we have certainly delivered on” commented Julian Tee, Director of Asset Management.
Originally acquired in August 2015 in a sale and franchise back transaction from Accor S.A, the hotel occupies a large site adjacent to the N7/Naas Road/M50 interchange.
“The hotel has always had real potential, it was more a question of unlocking that value and delivering a strategy that enabled the hotel to move forward” added Charles Scudamore, Principal of Hetherley. “This disposition is a testament to the team’s ability to identify under-valued hotel assets and utilize Hetherley’s proactive asset management expertise to drive substantial capital value growth in hotels.”
“We continue to actively acquire and asset manage hotel assets across the United Kingdom, working closely with our capital partners to deliver superior risk adjusted returns” Mr Scudamore went on to add.
Hetherley Capital Partners is a specialist hotel real estate investment and asset management firm. Based in London, the firm works with high-net worth individuals, institutional investors and family offices, investing in value-upside, asset-backed hotel investments in the UK and Ireland.
With a growing portfolio of branded and unbranded hotels in the UK, Hetherley offers its capital partners and clients a complete solution to hotel real estate investment.
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