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Dublin Temple Bar hotel on market for €30m

The 132-room Temple Bar hotel in Dublin city centre has been brought to market with a guide price of €27-€30m (£21.5m-£23.9m)


The unbranded three-star hotel is being sold as a going concern by FBD Property and Leisure, which owns hotels in Spain and Ireland.


The hotel was developed and opened in 1994, and includes a café and bar, and the Alchemy Night Club, which is licensed for 1,010 guests. Subject to planning permission, there is capacity to add a further 27 rooms.


CBRE is acting as agent.


A report from DTZ Sherry Fitzgerald in July this year suggested that Irish hotel sales hit €400m in 2014, exceeding previous estimates of €350m, as a result of strong international investor interest in the asset class.


Last year hotel sales totaled €250m


sophia.furber@estatesgazette.com

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