The Paramount Hotel in Dublin’s vibrant Temple Bar area, is on the hunt for a new owner.
The high profile hotel is being brought to market by CBRE Hotels and is being offered for sale with offers in excess of €25m invited.
The hotel comprises 66 bedrooms and comes with full planning consent to increase this to 117 bedrooms.
Turks Head Bar is a popular spot in the city and takes its home inside the Paramount Hotel.
Paul Collins, head of hotel investment properties, UK & Ireland, commented:
“The sale of the Paramount Hotel offers Irish and International investors an outstanding opportunity to acquire a prime hotel in a key international capital city.
“Established hotels in Dublin city centre hotels rarely come to the market and this sale is especially significant as the Paramount Hotel is being offered with the benefit of full planning permission for additional rooms.
“The successful purchaser will have the choice to continue trading under the already well established and independent ‘Paramount Hotel’ name or, an international hotel brand, with many of international hotel companies extremely eager to establish a flagship presence and their brand in the Dublin city centre market.”