Room service – Part 2: How new hotels populate Dublin, and why the market continues to absorb them
In March 2024, the Dean Hotel group, once part of Paddy McKillen Jr’s Press Up hospitality empire, changed hands. In stepped US investment firm Elliott Management and London-based investor Lifestyle Hospitality Capital. The deal included a series of hotels across Dublin, Cork, and Galway, as well as the Glasson Lakehouse near Athlone in Westmeath. It valued the portfolio at around €355 million and demonstrated international-investor interest in one of the country’s fastest-growing hospitality brands. While its new 80 per cent owners have significant plans to invest in Ireland, the group has also set its sights on overseas markets to bring…
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