Private investor Bernard McNamara has bought The Burlington Hotel from Jury’s Doyle Hotel Group and JDH Acquisitions for €288m (£194m). Around 15 parties submitted expressions of interest in the Jurys Doyle-owned hotel last week, including Irish developers McNamara, Sean Dunne, and Ballymore, alongside a number of private equity firms and banks. The hotel is located on a 3.8-acre site fronting While the Last week it emerged that accountant KPMG had begun initial talks with bidders about a 300,000 sq ft office prelet at the site for its Irish headquarters. Such a move would unlock redevelopment of KPMG’s current offices at The sale follows the Jurys Doyle hotel chains disposal of the Jurys, The group is also likely to sell off the Jurys Inn chain of budget hotels. CB Richard Ellis managed the sale with the process overseen by Crownway Investments, the investment vehicle controlled by John Gallagher and his wife Bernie, a member of the Doyle family.
Private investor Bernard McNamara has bought The Burlington Hotel from Jury’s Doyle Hotel Group and JDH Acquisitions for €288m (£194m).
Around 15 parties submitted expressions of interest in the Jurys Doyle-owned hotel last week, including Irish developers McNamara, Sean Dunne, and Ballymore, alongside a number of private equity firms and banks.
The hotel is located on a 3.8-acre site fronting Upper Leeson Street, Sussex Road and Burlington Road in the centre of Dublin.
While the Burlington is currently zoned as residential, it is expected to be redeveloped for shopping, offices, apartments and possibly a smaller hotel.
Last week it emerged that accountant KPMG had begun initial talks with bidders about a 300,000 sq ft office prelet at the site for its Irish headquarters.
Such a move would unlock redevelopment of KPMG’s current offices at Stokes Place on St Stephens Green in central Dublin.
The sale follows the Jurys Doyle hotel chains disposal of the Jurys, Berkeley Court and Towers hotels in Ballsbridge, south Dublin, last year to developer Seán Dunne.
The group is also likely to sell off the Jurys Inn chain of budget hotels.
CB Richard Ellis managed the sale with the process overseen by Crownway Investments, the investment vehicle controlled by John Gallagher and his wife Bernie, a member of the Doyle family.
