{"id":554549,"date":"2026-07-17T14:55:08","date_gmt":"2026-07-17T14:55:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/554549\/"},"modified":"2026-07-17T14:55:08","modified_gmt":"2026-07-17T14:55:08","slug":"john-malones-mhl-hotel-group-acquires-dublin-airport-hotels-from-tifco-in-e100m-deal-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/554549\/","title":{"rendered":"John Malone\u2019s MHL hotel group acquires Dublin Airport hotels from Tifco in \u2018\u20ac100m deal\u2019 \u2013 The Irish Times"},"content":{"rendered":"

MHL Hotel Collection<\/a>, the hotel group backed by American billionaire John Malone, has agreed to buy two hotels serving Dublin Airport from Tifco<\/a> in a deal understood to be worth \u20ac100 million. <\/p>\n

The four-star Crowne Plaza and three-star Holiday Inn Express Dublin Airport will be the 15th and 16th hotels acquired by MHL since its formation in 2013, when the deal, which is subject to approval by the Competition and Consumer Protection Commission<\/a>, is completed. <\/p>\n

The two hotels have a combined key count of 423 rooms, comprising 209 bedrooms and suites at the Crowne Plaza adjacent to the airport at Santry Demesne in Dublin 9, and 214 rooms at the nearby Holiday Inn Express.<\/p>\n

Industry sources told The Irish Times that the transaction, which the parties expect to be concluded by the end of the summer, is worth around \u20ac100 million. <\/p>\n

Tifco operated the two properties under the IHG-owned Crowne Plaza and Holiday Inn brands. <\/p>\n

[\u00a0US fund Apollo raises \u20ac204m to buy Irish hotel group TifcoOpens in new window<\/a>\u00a0]<\/p>\n

In a statement, MHL co-founder and partner Paul Higgins said the agreement was the group\u2019s \u201cmost significant\u201d transaction in 10 years. <\/p>\n

He said it would allow MHL \u201cto participate in the Dublin Airport hotel market where we have not had a presence to date\u201d. <\/p>\n

Enda O\u2019Meara, chief executive of Apollo Management-owned Tifco, said: \u201cWe are very happy that MHL Hotel Collection have signed an agreement to purchase the Crowne Plaza Dublin Airport and Holiday Inn Express Dublin Airport hotels, as they will continue to work with the wonderful teams at the hotels and grow on their legacy of excellent service and hospitality established over the past 23 years.\u201d<\/p>\n

The sale of the portfolio, dubbed Project Skyway, was handled by agents CBRE Hotels and JLL. <\/p>\n

Paul Collins, head of hotels at CBRE Ireland, said the two properties occupied a \u201cprime position in the heart of Dublin Airport\u201d. <\/p>\n

He said the impending removal of the passenger cap made it \u201can excellent time to deploy capital into the Dublin Airport market\u201d. <\/p>\n

Daniel O\u2019Connor, head of hotels and living at JLL Ireland, said the transaction marked the largest and most valuable hotel deal ever at Dublin Airport. <\/p>\n

\u201cFurthermore, it is the most valuable hotel sale year-to-date in 2026 in Ireland,\u201d he said. \u201cThe sales process produced strong domestic and international buyer interest, including multiple rounds of bidding, for Dublin\u2019s only dual-branded hotel asset.\u201d<\/p>\n

MHL, which was founded by Malone, Higgins, and John Lally, recently completed a \u20ac190 million refinancing<\/a> of four of its hotels with AIB.<\/p>\n

Among other properties, the group owns the College Green, Intercontinental, Trinity City, Hilton Charlemont, Spencer, Morgan, Brooks and Moxy hotels in Dublin. Outside the city, it owns the five-star Powerscourt Hotel Resort & Spa in Co Wicklow and the Galmont in Galway city. <\/p>\n

Tifco, meanwhile, was sold by Goldman Sachs to Apollo in 2018 in a \u20ac600 million deal. <\/p>\n

Once the second-largest hotel owner in the Republic, the group has sold many of its assets in recent years, but continues to own the Clontarf Castle Hotel in Dublin 3, as well as the Crowne Plaza Blanchardstown in Dublin 15, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"MHL Hotel Collection, the hotel group backed by American billionaire John Malone, has agreed to buy two hotels…\n","protected":false},"author":2,"featured_media":554550,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,11929,94040,50132,61,60,118816,67400,234585,98823,234586],"class_list":["post-554549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-cbre","tag-college-green","tag-goldman-sachs-group","tag-ie","tag-ireland","tag-jll","tag-john-malone","tag-mhl-hotel","tag-tifco","tag-tifco-hotel-group"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/554549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=554549"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/554549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/554550"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=554549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=554549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=554549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}