Buswells Hotel in Dublin has been placed on the market by property advisor, Savills Ireland with a guide price of €22m.
Located across from Leinster House, the hotel is a popular gathering spot for politicians and journalists, along with international tourists. Buswells has successfully operated as a hotel since the 19th century and is situated at the epicentre of Dublin’s business and cultural life. It is close to prime retail, 5 star hotels, Trinity College, St. Stephens Green, museums and the Dáil.
The 67-bedroom hotel is offered for sale free of management agreement and brand and represents a rare opportunity to invest, reposition and extend (SPP) in a top European capital. The hotel has extensive food & beverage and conference & meeting facilities and good transport links. Buswells is just a 2 minute walk from Dawson Street Luas stop (Green Line) and a 9 minute walk from Pearse Street DART station.
Commenting on the opportunity, Head of Hotels & Leisure at Savills, Tom Barrett said, "Buswells is in the best Dublin location. Prime, but discreet and at the centre of everything an upscale hotel guest requires. Recent STR data for Dublin shows strong trade, with July occupancy of 86% at an ADR of €188 and RevPAR 21% above July 2019. This hotel presents a very rare opportunity to add value to a trophy Dublin hotel."
Source: www.businessworld.ie
