Global real estate advisor, CBRE, has been appointed to sell ‘prime lifestyle hotel asset’, The Morrison, Dublin, which has a guide price of €80m.
The 145-bedroom hotel is currently managed under a franchise agreement with Hilton Worldwide and is branded as a DoubleTree by Hilton.
The Morrison is being sold subject to a franchise and offers operational flexibility for a new owner.
There is also the potential to enhance the facilities, with scope for further development through the acquisition of adjoining properties.
The Morrison is situated fronting the River Liffey, in the centre of Dublin, and alongside the bedrooms, also comprises seven meeting and events spaces, F&B outlets and a fitness centre.
Paul Collins, Head of Hotel Investment Properties UK & Ireland, CBRE said: “The Morrison has enjoyed tremendous trading success in recent years and presents an unrivalled opportunity to invest in a Dublin gem situated in a truly central location. The strengthening corporate demand in the city centre and booming tourism numbers contribute to the continuing Dublin growth story.”