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Turks Head and Paramount Hotel on the Market

Published on Oct 7 2015 12:26 PM in Pub/Bar/Nightclub tagged: CBRE / Commercial Property / Paramount Hotel / Turks Head

Turks Head and Paramount Hotel on the Market

The Turks Head and Paramount Hotel on Dublin's Parliament Street are to be sold as a going concern, with an asking price in excess of €15 million.

CBRE is handling the sale of the hotel and bar, which comprises 66 bedrooms as well as a pub and restaurant.

The three-star hotel is to be sold after the resolution of a dispute between Nama and owner David Cullen, reports the Irish Times.

The hotel is well-located in a busy area in Dublin city centre, and Paul Collins of CBRE said the new owner may continue to trade under the Paramount brand or an international brand.

Dublin currently has a shortage of hotel rooms and occupancy rates reached their highest in years. Dalata recently announced its intention to open new hotels in Dublin.

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