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.