Dublin's five-star Marker Hotel has hit the market with a guide price of €125 million.
As reported by The Irish Times, the sale of the hotel is being handled by commercial real estate services firm CBRE.
The hotel comes with planning permission for the addition of three more stories that could accommodate an extra 60 bedrooms as well a rooftop bar and brasserie, and its sale is expected to attract attention from a wide range of Irish and international investors.
"A True Landmark In The City"
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The Irish Times quotes Paul Collins of CBRE as saying, "Since its opening in 2013, this 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 [from the current count of 187] to 247 keys will further improve the hotel’s already-strong trading performance."
"An Exceptional Opportunity"
Collins added, "This is 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."
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.