Belfast Hotel On the Market for £3 Million
Dukes Hotel in south Belfast will go up for sale at a price tag of £3 million.
The 33-bedroom hotel, now called Dukes at Queen's, is expected to draw "good interest" from investors from Northern Ireland and elsewhere in the UK, according to the Belfast Telegraph.
Current owner Eamon Diamond oversaw a major revamp to the hotel, bar and restaurant in 2009. Diamond also owns a number of other businesses around Northern Ireland.
The hotel has had high occupancy rates in the last few months, and adds yet another hotel to the market that has been busy in 2015. Just recently the Etap hotel in Belfast sold for £6.6 million while Dalata has been expanding its portfolio by purchasing the Holiday Inn for £18.5 million.
Brian Lavery, managing director of CBRE Belfast, said that there will be further activity on the market as occupancy rates hit record levels.
"This will be the fourth year in a row of improving occupancy rates, which is great news for both the hotel sector and the wider economy," he said.