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News Release

Dublin

Prime & Rare Dublin City Centre Hotel Development Site

For Sale Exclusively Through JLL


JLL has been appointed as exclusive selling agents for a rare and prime Dublin City Centre hotel development site, which has recently obtained full planning permission for a 137 guestroom three star hotel.

Situated at the high profile junction of New Street South and Kevin Street Upper and located just 600 metres west of St. Stephens Green, the fully consented site presents a rare opportunity to acquire a “Ready To Go” hotel development opportunity in core Dublin City Centre. Offered for sale with freehold title and the benefit of full vacant possession, the site extends to approximately 0.14 hectares (0.36 acres).

Dan O’Connor, Senior Vice President, JLL Hotels & Hospitality Group commented:
“This site is currently the only major “Ready To Go” hotel development opportunity for sale in Dublin City Centre, a city that is currently characterised by a severe undersupply of hotel guestrooms. Given the site’s high profile location and attractive planning consent with an average room size of just over 20.0 sq.m, we anticipate strong buyer interest from a combination of domestic and international property developers, hotel operators and hotel investors.

James Wood, Analyst, JLL Hotels & Hospitality Group further noted:
“The site benefits from its close proximity to all the major tourist attractions including St Patricks Cathedral, Christchurch, Temple Bar and The Guinness Storehouse. In addition, we expect the future redevelopment of Kevin Street DIT and the ongoing construction of a new Garda Headquarters on Kevin Street which is due to complete in 2017, to further underpin leisure and corporate bed night demand in the locality”.

The site is being offered for sale at a guide price of Excess €6.5m, for further details and to arrange a viewing please contact JLL.