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.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


 

Suggested Articles

SVC plans to transfer the branding and management of 98 Marriott hotels to Sonesta.

Shortly after acquiring six hotel portfolios from Colony Capital, Highgate has assumed management of Trust Hospitality’s portfolio of 22 properties.

The Kelley House is one of the five oldest hotels in the U.S., taking up six buildings in Edgartown, Mass.