Hospitality Management company Windward Management and Emerald Investment Partners recently announced the completion of the acquisition of the 4 star Hilton Dublin Airport Hotel from P. J. Walls Holdings Group, according to a Windward press release.
Built in 2005, the hotel primarily serves the Dublin Airport, leisure and corporate market, and comprises 166 bedrooms and suites, several function and meeting rooms together with a very busy food and beverage operation. The hotel benefits from underground parking and also operates a shuttle bus service to and from Dublin Airport. It has traded well in recent years, with notably strong RevPAR (Revenue Per Available Room) growth since 2013. The hotel will continue to operate as a Hilton Hotel under its existing management and staff.
Commenting on the acquisition, Patrick Coyle, Founder and Chief Executive of Windward Management stated:
“We are delighted to announce our acquisition of the Hilton Dublin Airport Hotel. The Hotel has a strong reputation for high-quality, professionalism and value that complements Windward’s other hotel properties. We intend to immediately set about an exciting capital investment program which will further enhance the guest experience. All signs point to Dublin’s continued performance as one of the best performing hotel markets in Europe, while the ongoing developments in Dublin Airport make the area a particularly exciting prospect.”
Alan McIntosh, founder of Emerald Investment Partners, added:
“Emerald Investment Partners are very pleased to partner with Windward Management in this venture. The Hilton Dublin Airport Hotel is an important acquisition that will add core strength to our hotel portfolio. As an established destination in a highly promising sector, we are confident both the hotel and its guests will benefit from our collective experience and exciting plans for the future.”
Chris Douglas, General Managar of the Hilton Dublin Airport stated:
“We are delighted to be working with such well respected hoteliers and look forward to continued success of Hilton Dublin Airport.”
Photograph: The Hilton Dublin Airport Hotel. Photo from Hilton Hotels.