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News Release

Dublin’s Most Exciting Hotel Investment Opportunity

For Sale Exclusively Through JLL


Dublin, 26th March 2014 – On behalf the receiver, Mr Simon Coyle of Mazars, JLL have been appointed to offer for sale Portmarnock Hotel & Golf Links, the most exciting hotel investment opportunity now currently available for sale in Ireland.

The property boasts an attractive full service four star hotel and popular 18 hole championship links golf course, designed by legendary golfer and two times Masters champion Bernard Langer.

Nestled within the affluent village of Portmarnock in north Dublin city, the hotel is situated just 10.0 km east of Dublin Airport and 14.0 km northeast of Dublin City Centre. The hotels’ guestrooms, grounds, golf course and its Sea View Lounge all provide stunning views across Portmarnock’s Velvet Strand and Irish Sea.
 

Sitting on a large and rare site of approximately 170 acres, Portmarnock Hotel & Golf Links includes 136 well-appointed guestrooms rooms, the Jameson Bar, Sea View Lounge, Osborne Restaurant and extensive and recently refurbished conferencing facilities.

 

Dan O’Connor, Vice President, JLL Hotels & Hospitality Group commented: “Portmarnock Hotel & Golf Links offers considerable potential to add value along with the option for domestic or international hotel brand affiliation, if so desired. The site also offers development potential for the construction of a new and substantial golf clubhouse facility and driving range on a portion of the lands. We are expecting strong competition from both domestic and international hotel investors and we are confident of achieving a sales price in excess of €20.0m”.

 

The Dublin hotel market has now recorded three consecutive years of double digit RevPAR growth, with the Dublin hotel market now outperforming most comparable UK cities, excepting London. An increase in investor interest in the Irish hotel market has led to Jones Lang LaSalle recently establishing a dedicated and specialist hotel & licenced leisure team based within JLL’s existing Dublin office.