Dublin's Gresham to hit the market for €80M

Gresham Dublin

In central Dublin, a nearly 200-year-old hotel is set to be sold by Ireland's National Asset Management Agency (NAMA).

The Gresham Hotel will go on the market by the end of the month with a guide price of €80 million, the Telegraph is reporting, as NAMA looks to take advantage of a recovering real estate market. A source "close to the deal" told the paper that the sale is likely to attract "worldwide interest." CBRE and Christie & Co. are running the sale.

A buyer of the hotel would be able to continue operating the property under its existing name, or rebrand it.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

 

Suggested Articles

The combined company, which will retain the Caesars name, will comprise 60 properties and more than 50,000 guestrooms.

Ahead of the Annual Hotel Conference, Simon French, chief economist at U.K. merchant bank Panmure Gordon, talked Brexit and the U.K.'s future.

The newly formed Advantage Hotels has acquired Advantis Hospitality Alliance’s midscale and economy brands Vista and Select Inn.