Dublin's Isaacs Hostel Sold For €9.7m
Dublin’s Issacs Hostel has been sold to an as-yet-unnamed hostel group for €9.7 million (approximately €200,000 more than the venue’s asking price) through property agents JLL.
As reported by The Irish Times, JLL hotel agent Jack Fox stated, "We received numerous bids from both national and international investors, and this significant transaction is yet another confidence boost for the Dublin hostel market, a sector which is attracting significant investor interest presently."
The 290-bed Isaacs Hostel includes common rooms, a games room, a fully equipped self-catering kitchen, bathrooms on every floor, luggage lockers, and a sauna.
© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.