Dublin's Andrews Lane Theatre sold to become 'compact hotel'

Dublin

In central Dublin, the Andrews Lane Theatre has been purchased for €4.4 million by a consortium of private investors led by Adrian Shanagher’s Firebreak Hospitality.

Reports indicate that the new owners will seek planning permission for a 115-room, limited-service "compact hotel" (not unlike Yotel or CitizenM) in a development that will cost about €10 million.

Planning expected to take between nine and 12 months to secure, and construction would take much the same time. As such, the new hotel will probably open in early 2018. The owners will look to secure bank funding for construction once planning permission has been secured.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The property, between Trinity Street and Exchequer Street, was put up for sale in March by receiver KPMG. It was marketed by agents CBRE with a guide price of €3.1 million.

Source: Irish Times

Read more on

Suggested Articles

The two locally owned resorts join the Benchmark Resorts & Hotels brand as a result of the deal.

The combined company now will own and operate a portfolio of 40 hotels totaling more than 5,000 guestrooms.

The global crisis will provide significant merger and acquisition opportunities for hospitality companies willing to take the risk.