Deka Immobilien acquires Ruby Molly Hotel in Dublin for EUR 86 million

Deka Immobilien has acquired the Ruby Molly Hotel in Dublin for approximately €86 million. The property, previously owned by Creekvale Ltd., a subsidiary of real estate investment manager ESR Group, will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.

Completed in 2024, the hotel features a modern design and is fully leased on a long-term basis to Ruby Hospitality Ireland Ltd. The 4-star property spans approximately 9,800 square meters and includes 272 rooms designed under the “Lean Luxury” concept, along with a ground-floor restaurant. The acquisition marks the entry of Munich-based Ruby Hotels GmbH into the Irish market.

Situated in Dublin’s city center, north of the historic core, the hotel benefits from strong connectivity via the LUAS public transport system. The property meets Nearly Zero Energy Building (NZEB) standards, and certification under the BREEAM sustainability rating system at the “Very Good” level is being pursued.

The acquisition aligns with Deka-ImmobilienEuropa’s strategy of expanding its hotel portfolio in prime European markets. The fund management views the transaction as an opportunity to secure a high-quality, centrally located asset in one of Europe’s most competitive hospitality sectors.