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Red Cow Ibis Hotel On Market For €13m

Published on Oct 20 2016 11:09 AM in Hotel tagged: accor / hotel ibis / red cow

Red Cow Ibis Hotel On Market For €13m

After purchasing the hotel less than two years ago for just over €5 million, the UK consortium that owns the Ibis Hotel at the Red Cow interchange in Dublin has put the property back on the market for...

After purchasing the hotel less than two years ago for just over €5 million, the UK consortium that owns the Ibis Hotel at the Red Cow interchange in Dublin has put the property back on the market for over €13 million.

The 150-bedroom hotel, which is owned by Cannock Ltd and operated on a franchise basis by Accor Hotels under the Ibis brand, has been placed on the market by selling agent Christie & Co, reports The Irish Times, with the sale deal being offered including an adjoining site of 0.81 of an acre zoned for residential use.

Christie & Co's Dave Murray said the planned sale of the Ibis presented 'a rare opportunity for investors and developers to acquire a highly profitable, limited service hotel along with an adjoining development site beside Ireland’s busiest motorway junction – the M50/N7 intersection'.

The 17-year old Ibis hotel boasts two meeting rooms and an open-plan, ground-floor space which features the hotel reception, bar, lounge and dining areas that can cater for approximately 100 people, while it also has a car park with 180 spaces.

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