Ireland's Barnacles Hostels Sold For Over €12m

By Dave Simpson
Ireland's Barnacles Hostels Sold For Over €12m

Ireland's Barnacles hostels have been sold for over €12 million.

Located in Dublin's Temple Bar area and Galway, the two Barnacles hostels were put on the market by private treaty via estate agency CBRE in June and were originally valued at approximately €11 million.

Purchasers And Prices

According to The Irish Times, the 171-bed Dublin Barnacles hostel has been purchased by real-estate investment and development firm Mm Capital for about €8 million while the 112-bed Galway hostel was bought for approximately €4 million by a company associated with the Burkeway Group and will be rebranded as Snoozles.

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