One of Dublin’s most historic hotels, The Gresham, has gone up for sale for €80m, just over £62m.
The iconic four-star hotel in Dublin’s city centre is on the market with Christie & Co and CBRE Hotels, who are offering the purchaser to choice to continue trading under its existing identity, or be bought under the umbrella of any of the global hotel brands.
The Gresham first opened almost 200 years ago in 181 and now boasts 323 bedrooms including 10 individually designed suites. One of the suites, the Eisenhower Suite, offers five bedrooms and is one of the largest in Europe extending to approximately 280 sq mtrs.
In the late 1920’s the hotel was renovated and given a classic Art Deco look, and since then has been continuously upgraded and improved, most recently benefitting from the addition of 23 bedrooms and a refurbishment of the ground floor public areas.
There is also planning permission in place to expand the hotel’s bedrooms stock to 468.
The Gresham has extensive F&B facilities, along with 22 meeting, conference and events room.
Christie + Co predicts that the sale will attract worldwide interest from a variety of investor categories.
Dave Murray, director at Christie & Co commented: “The hotel is renowned for hosting some of the great figures of the 20th century from the world of politics, commerce and Hollywood including US President Dwight D Eisenhower, Elizabeth Taylor and the Beatles to name but a few. The purchaser of the Gresham will have the opportunity to carry on the strong tradition of this renowned hotel during a period of growth and regeneration which on completion will set O’Connell Street apart as one of Europe’s most pre-eminent boulevards.”