Dublin, January 6th, 2023 – On the Instructions of Declan Taite and Sharon Barrett of Kroll Advisory Limited, CBRE and Colliers are delighted to present the sale of the Wellington Hotel, Dublin 2 to the market, a superb opportunity to acquire a turnkey 38-bedroom hotel in a prime city centre location. The hotel is offered for sale by private treaty guiding excess €15m.
The hotel, set in the heart of Dublin’s bustling Temple Bar, is within a short walking distance to many of Dublin’s most popular tourist attractions and Docklands with its numerous multinational corporate occupiers.
• Landmark newly developed hotel with 38 bedrooms
• Excellent visibility overlooking the river Liffey and with 58 meters of frontage to three streets
• Extensive bar & restaurant facilities extending to approximately 340 sqm/3,660 sqft
• Pivotal position in historic quarter of Temple Bar
• Superb connectivity to transport infrastructure and to Dublin’s popular tourist attractions
Located in a high-profile corner position, overlooking the river Liffey and in the heart of the famous Temple Bar area. The hotel is perfectly situated in the centre of Dublin’s main business and shopping districts and a short walk from the city’s most popular tourist areas which include Trinity College, City Hall, Christchurch, Guinness Storehouse, GPO, St. Stephens Green, and Grafton Street.
The restaurant and bar space, with river views and split level, will offer visitors high-quality food and beverage in a stylish and contemporary atmosphere. The accommodation is on the ground and upper ground floor of the property and has the potential to generate significant turnover due its superb location and profile in the thriving Temple Bar. There are 38 state of the art bedrooms which range in size from 13 sqm to 23 sqm and a number of these have beautiful views overlooking the river Liffey.
The hotel is well served by many public transport modes including Luas (Light Rail), Dart (Rapid Rail), Mainline Rail and Bus Stations. The Luas light rail Red Line is situation on the opposite side of the river and this travels from the 3Arena to the east to Saggart/Citywest in the west of the city with stops at Dublin’s two busiest mainline stations Connolly and Heuston – as well as Convention Centre Dublin, the Four Courts complex, the Collins Museum and the rejuvenated Smithfield Square.
Paul Collins, Executive Director CBRE, Hotels & Licensed, Ireland, commented:
“The sale of the Wellington Hotel offers investors a superb opportunity to acquire a landmark newly built 38-bedroom hotel in the heart of the famous Temple Bar area. Unbranded hotels in Dublin city centre rarely come to the market and this property gives purchasers an opportunity to establish and grow their business in one of the most sought after locations in Dublin.”
Patrick Ryan, Head of Hotels & Leisure Colliers, commented:
“In addition to the accommodation facilities the Food and Beverage trading pitch at this location is unrivalled. It is estimated that some 22,000 people pass this property each day and many are tourists and visitors to the area seeking opportunities to meet and socialize and the revenue generating potential is enormous.”
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com