Hotel For Sale Dublin

Opportunity To Acquire A Prime Dublin City Centre Hotel In The Heart Of Temple Bar

Paramount Hotel, Dublin - Exterior
Paramount Hotel, Dublin

CBRE

CBRE Hotels confirm their exclusive appointment to offer the Paramount Hotel, Parliament Street, Temple Bar, Dublin 2 to the market. The high profile existing hotel, currently with 66 bedrooms and the potential to increase to 130 bedrooms is offered for sale by private treaty with offers in excess of €25m invited.

The Paramount Hotel, including the well know Turks Head Bar, has the benefit of full planning permission to increase the existing hotel to 117 bedrooms with further planning pending for additional rooms. This is a rare opportunity to acquire an established business superbly located in Dublin city centre and the renowned Temple Bar cultural and tourist district of the city.

Investment Highlights:

- Outstanding location in vibrant city entertainment district

- Landmark hotel with full planning permission for redevelopment

- Highly desirable hotel location convenient to a host of tourist attractions

- Superb re-positioning and branding opportunity with significant scale

- Pivotal position in historic historic quarter of Temple Bar

- Extensive Food & Beverage opportunity in commanding city centre location

Located in a high profile corner position in the heart of the famous Temple Bar area, Dublin’s Left Bank, and the city’s entertainment and social focal point. The hotel is perfectly positioned, in the centre of Dublin’s main business, shopping, and most popular tourist areas which includes Trinity College, City Hall, Christchurch, Guinness Storehouse, GPO, St. Stephens Green, and Grafton Street.

All of Dublin’s major venues including Convention Centre Dublin (CCD), the 3 Arena, the Bord Gais Energy Theatre, National Concert Hall, Croke Park and the Aviva Stadium, are easily accessible from the hotel. The Paramount Hotel currently operates from ten interconnecting prominent buildings with frontage to Parliament Street, a major city thoroughfare linking the city centre to the south suburbs, together with frontages to Essex Gate and Upper Exchange Street. The hotel frontages to these streets is approximately 89 m/ 293 ft.

Paul Collins, Director CBRE, Hotels & Licensed, Ireland, commented:

“The sale of the Paramount Hotel offers Irish and International investors an outstanding opportunity to acquire a prime hotel in a key international capital city. 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,. The successful purchaser will have the choice to continue trading under the already well established and independent ‘Paramount Hotel’ name or, an international hotel brand, with many of international hotel companies extremely eager to establish a flagship presence and their brand in the Dublin city centre market”

Contact
Charlotte KennaT +44 (0) 20 7182 2028



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