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News Release

dublin

Trinity Lodge, South Frederick Street, Dublin 2

JLL Completes Sale To Unlisted Collection For Over €7.0M


​Trinity Lodge, 12, 29 & 30 South Fredrick Street, Dublin 2

JLL Completes Sale To Unlisted Collection For Over €7.0M

On behalf of Deloitte, JLL has advised on the successful sale of the Trinity Lodge, located close to Trinity College on South Fredrick Street in Dublin 2.

The property has been sold to Unlisted Collection for over €7.0M, an international hotel group boasting seven boutique hotels and twenty restaurants across major cities including Singapore, Shanghai, Sydney and London.

Sold with the benefit of full vacant possession, the 26 bedroom property boasts an unrivalled trading position, an established trading history and attractive period accommodation, with exciting upside potential.

Dan O’Connor, Senior Vice President, JLL Hotels & Hospitality Group commented:

“The Trinity Lodge sale attracted numerous bids from both domestic and international hoteliers. In particular, the sale highlights a growing trend of Asian hotel investor interest in the Dublin hotel market and we are delighted to have been able to conclude this transaction with such a high profile group as Unlisted Collection”.

James Wood, Associate, JLL Hotels & Hospitality Group further noted:

“Buyer demand for Dublin hotels remains deep and robust. With YTD 2016 RevPAR growth running at +20% in Dublin, we expect to see strong buyer interest for Dublin hotels again in 2017. Unlisted Collection’s acquisition of The Trinity Lodge demonstrates that the capital sources seeking to enter the Dublin market are maturing, as the trading conditions are currently among the most attractive in Europe.”

Deloitte were advised on the transaction by JLL and Arthur Cox.