DAA seeks bidders for new terminal-linked hotel

Dublin, 9 May 2018 - DAA is seeking expressions of interest for a company or consortium to design and build, finance and operate a new 400-bedroom terminal-linked hotel at Dublin Airport.

The new four star plus hotel, which will on a site directly linked to Terminal 2, will be one of Ireland’s largest hotels. The hotel will be operated by the winning bidder for up to 100 years before being transferred back to DAA. 

DAA currently has planning permission for a 402-bedroom hotel on the site, which is located between T2 and the adjacent multi-storey car park, but this permission runs out in March 2019. 

The winning bidder will have to apply for new planning permission for the hotel and may therefore decide to make modifications to the proposed internal layouts and bedroom configurations

The public tender process is open to Irish and international companies or consortia and DAA is seeking an upscale four star plus hotel with a global brand. 

“This is a unique opportunity to build and operate a new terminal-linked hotel at one of Ireland’s premier locations,” said Dublin Airport Managing Director Vincent Harrison. 

“Dublin Airport and the greater Dublin area both require additional hotel beds and this hotel development will bring significant economic benefits both to the local Fingal area and to the greater Dublin region,” according to Mr Harrison.  

Dublin Airport is Ireland’s key international gateway and is a large town in its own right; with more than 19,200 people directly employed on the airport campus or nearby. “There is significant demand for a new hotel at Dublin Airport and international research shows that terminal-linked hotels generate better room rates than those that are not directly linked to a terminal,” Mr Harrison said.  

The new hotel, which will be funded by the winning bidder, will be located on a prime 0.81-acre site just 95 metres from Terminal 2 situated between T2 and the T2 multi-storey car park. The chosen concessionaire will operate the property for up to 100 years and the hotel will then transfer to DAA. 

CBRE has been retained by DAA to seek expressions of interest for the project. “We are expecting strong interest from both Irish and international consortia,” said Dave Murray, Director, CBRE Hotels. “As a terminal-linked property, this will be the flagship hotel on the Dublin Airport campus, which will give it a significant trading advantage over its competitors as well as other planned hotel developments within the north Dublin area,” Mr Murray said.

Dublin Airport welcomed a record 29.6 million passengers last year and is enjoying further passenger growth this year. Fourteen new routes and four new airlines will start operations at Dublin during the current summer season. New routes from Dublin Airport this year include long-haul services to Beijing, Hong Kong, Montreal, Philadelphia and Seattle and short-haul services to Dalman, Marrakesh, Paphos, Reykjavik, and Zagreb.

“Adding more connectivity at Dublin Airport brings increased economic benefits for tourism, trade and foreign direct investment - not just at the airport, but throughout the country,” Mr Harrison added.  

Dublin Airport is one of the most important economic assets in the country. It supports or facilitates a total of 117,300 jobs – including the 19,200 jobs on campus - and contributes €8.3 billion annually to the economy. The new hotel is expected to create about 250 new jobs at Dublin Airport when it opens, while a further 150 people will be employed during the construction phase of the project. 

This summer, Dublin Airport will have flights to 195 destinations in 42 countries, operated by 56 airlines. A record six million passengers travelled through Dublin Airport in the first quarter of this year, which was a 4% increase on the same period last year.

Dublin Airport is now a major gateway for travel between Europe and North America, welcoming 1.8 million hub passengers last year. It is the 6th best connected European airport to North America this summer and is the only European city that offers US Pre-clearance service to passengers travelling to the United States.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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