Another Dublin city hotel has caught the eye of an American investor as Dublin 2 hotel Stauntons on the Green has been sold this week.
The boutique hotel on St. Stephen's Green has been on the market since September with agents JLL seeking a bid in the region of €12 million. According to the Irish Times a price has been agreed by a US investor for the vacant possession.
The four star, 51-bedroom property boasts an exceptional location in Ireland's busiest shopping area, and trades well with a competitive room rate for the city.
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The three adjoining Georgian houses at 82, 83 and 84 St Stephen’s Green have private rear access to the Iveagh Gardens. The new owner is expected to upgrade the facilities and rooms.
The hotel has operated under owner Jim Staunton since 1989 and recently added an extension to the rear of the property.