Dublin’s Paramount Hotel has been put up for sale, seeking offers over €20m (£17m).
Located in Temple Bar area, a cultural and tourist district, the hotel benefits from full planning permission to increase the size to 122 bedrooms from its current 66 bedrooms.
Paramount Hotel currently operates from 10 interconnecting prominent buildings with frontage to Parliament Street, Essex Gate and Upper Exchange Street.
CBRE has been exclusively appointed to coordinate this transaction.
John Hughes, director of hotels & licensed at CBRE Ireland, noted: “Established hotels in Dublin city centre hotels rarely come to the market and this sale is especially significant as the Paramount Hotel is being offered with the benefit of full planning permission for additional rooms.”
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Photo: CBRE
