The MHL Hotel Collection has announced the signing of a contract with May Street Capital to acquire the former Park Inn by Radisson Hotel in Belfast. This purchase will bring its total number of hotels on the island of Ireland to 14.
This purchase is the collection’s first acquisition outside the Republic of Ireland, and its first hotel in Northern Ireland’s capital city.
‘Major Refurbishment’
“We are very pleased and excited to have signed contracts to acquire our first hotel in Belfast, and are planning to invest over €8 million on a major refurbishment that will transform the hotel,” said Paul Higgins, partner at the MHL Hotel Collection.
“We have seen how much guests love our fun and contemporary Moxy Dublin City hotel, and we look forward to bringing the Moxy brand to the heart of Belfast.”
Moxy By Marriott
The acquisition is expected to be completed before the end of this year. Following the planned €8 million refurbishment programme, the hotel will reopen in the first half of 2025.
The team noted that discussions are already at an advanced stage to brand the hotel as a Moxy by Marriott.
This would make it the fourth hotel owned and operated by the MHL Hotel Collection under a franchise agreement from Marriott International, and the second Moxy by Marriott within the collection.
Cathedral Quarter
The hotel, at the Clarence West Building, has 145 bedrooms and is within walking distance of Belfast City Hall, Ulster Hall and Victoria Square Shopping Centre, as well as the restaurants, bars and nightlife that the Cathedral Quarter has to offer.
“We also look forward to engaging with local businesses and organisations in the region, so we are best placed to support the local economy and hospitality sector, not least by creating up to 60 full- and part-time roles,” said Higgins.
The Deal
MHL was advised by Arthur Cox and Deloitte. May Street Capital was advised by MMW, Grant Thronton and ASM.
The deal was brokered by JLL Dublin.
