Marker Hotel for sale for € 125 million
CBRE Hotels has confirmed its instructions to market Marker, one of Dublin’s most successful five-star hotels, for sale for € 125 million.
The Marker enjoys a seafront location on Grand Canal Dock, Dublin 2, and is adjacent to the Bord Gais Energy Theater and the center of Facebook. CBRE Hotels says this area is a central point for Dublin’s new office and residential developments and is a global target for many national and international technology and corporate occupiers, including Google, Facebook, AirBnB and Salesforce.
As a result, the hotel benefits from a number of corporate demand drivers as well as access to Dublin’s main tourist attractions and transport links.
The Marker is a short walk from the Dublin Convention Center (CCD) and close to the construction of the U2 Visitor Center in Hanover Quay, which soon becomes the city’s largest tourist attraction. The Bord Gais Energy Theater, run by Live Nation and adjacent to the Marker, is growing with a large number of events throughout the year, with more than 2 thousand 100 capacity.
CBRE Hotels, Marker’s hotel investors, stylish interiors, 18 guest rooms (including 18 Executive Rooms and 3 Suites), ground floor Brasserie and Marker Bar, splendid Spa facilities, Marker Rooftop Bar, a luxury hotel with the opportunity to acquire property says it provides & terrace and extensive conference and banquet facilities.
In addition, the hotel comes with the advantage of full planning clearance to add an additional three-fold, which will provide an additional 60 rooftop bars and brasseries to trade all year round, and an additional 60 guest rooms that will bring the total number of bedrooms to 247.
Commenting on the opportunity, Head of Hotel Investment Properties UK & Ireland at CBRE Hotels, Paul Collins said, “The sale of The Marker offers an exceptional opportunity to acquire a luxury hotel, free of branding or management, which provides a purchaser with flexibility and a range of options for future asset management initiatives.”
He added, “Since its opening in 2013, the Hotel has established itself as a true landmark in the city and has played host to a myriad of celebrities, politicians and business people. The very valuable planning permission to increase the bedroom count to 247 keys will further improve the already strong trading performance of the Hotel.”
Source: Business World IE
Melike Vodina / realesatecoulisse.com