CBRE offers Paramount Hotel to the market

Eloise Hanson Eloise Hanson Uploaded 28 November 2019

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Ireland: Dublin’s Paramount Hotel is for sale by private treaty with offers in excess of €25 million.

The 66-bedroom property, including the Turks Head Bar, has full planning permission to increase to 117 bedrooms, with further planning pending for additional rooms.

Located in the Temple Bar area, the hotel is at the centre of the city's main business, shopping, and tourist district.

Some of Dublin's major venues, such as the Convention Centre Dublin, the 3 Arena, National Concert Hall and the Aviva Stadium, are accessible from the hotel.

Paul Collins, head of hotel investment properties for the UK and Ireland at CBRE, said: "The sale of the Paramount Hotel offers Irish and international investors an outstanding opportunity to acquire a prime hotel in a key international capital city. Established hotels in Dublin city centre hotels rarely come to the market and this sale is especially significant as the Paramount Hotel is being offered with the benefit of full planning permission for additional rooms. The successful purchaser will have the choice to continue trading under the already well established and independent 'Paramount Hotel' name or, an international hotel brand, with many of international hotel companies extremely eager to establish a flagship presence and their brand in the Dublin city centre market".

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