Monday 5 December 2016

Hotel and pub in Temple Bar on the block for €15m

Published 08/10/2015 | 02:30

The Paramount Hotel and Turks Head is on the market for €15m.
The Paramount Hotel and Turks Head is on the market for €15m.

CBRE is seeking €15m for the Paramount Hotel and Turks Head in Temple Bar in Dublin.

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The high profile business for sale by private treaty, as a going concern.

The Paramount Hotel and Turks Head includes 66 en-suite bedrooms, a food and beverage operation in one of the city's most popular locations. CBRE believe this is a "rare opportunity to acquire an established business superbly located in Dublin city centre and the renowned Temple Bar cultural and tourist district of the city".

The Paramount Hotel and Turks Head comprise ten interconnecting four, five and six storey over basement landmark buildings. These prominent buildings have street frontage to Parliament Streettogether with frontage to Essex Gate and Upper Exchange Street.

CBRE's Paul Collins commented: "The sale of the Paramount Hotel and Turks Head offers Irish and International investors an outstanding opportunity to acquire a prime and profitable hotel and bar business in a key international capital city.

"Profitable, established city centre hotels rarely come to market. This sale is especially significant as the hotel is being offered unbranded, freehold and with vacant possession," Mr Collins added.

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