The MHL Hotel Collection has announced it has signed a contract with May Street Capital to acquire the former Park Inn by Radisson Hotel in Belfast. This purchase is the Collection’s first acquisition outside the Republic of Ireland, and its first hotel in Northern Ireland’s dynamic capital city. This purchase will bring its total number of hotels on the island to fourteen.
The property previously operated as the Park Inn by Radisson Belfast. The hotel at the Clarence West building with its 145 bedrooms is within walking distance of Belfast City Hall, Ulster Hall and Victoria Square Shopping Centre as well as the very many restaurants, bars and nightlife that the Cathedral Quarter has to offer.
The acquisition is expected to complete before the end of this year. Following a planned £7m (€8.2m) refurbishment programme, the hotel will re-open in H1 2025. 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 MHL Hotel Collection under a franchise agreement from Marriott International and would become the second Moxy by Marriott within the collection.
Commenting, Paul Higgins, Partner, MHL Hotel Collection said:
“We are very pleased and excited to have signed contracts to acquire our first hotel in Belfast. The major £7m refurbishment will transform the hotel. 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.
“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”.
Donall McCann, May Street Capital said “We are delighted to have signed contracts with MHL Hotel Collection and we look forward to welcoming them and Moxy to Clarence West Belfast.”
MHL were advised by Arthur Cox and Deloitte. May Street Capital were advised by MMW, Grant Thronton and ASM. The deal was brokered by JLL Dublin.
