JLL has announced that the Temple Bar Inn on 40-47 Fleet Street and 7 Westmoreland Street, Dublin 2, is for sale.
On behalf of Heights Hospitality Holdings, JLL has been appointed as exclusive selling agents for the hotel and is seeking offers in excess of €50 million.
"The Temple Bar Inn is a superb lifestyle hotel offering, in the beating heart of Dublin's Temple Bar," said Dan O'Connor, executive vice president, JLL. "This is a rare acquisition opportunity in one of Dublin's best hotel trading locations, and we are therefore expecting significant domestic and international buyer interest."
The hotel currently extends to 101 guest rooms. The sale also includes a separate large ground floor Tesco retail unit (tenant unaffected) in addition to 7 Westmoreland Street, which includes the recently opened Hellfire Restaurant.
Offered for sale the benefit of vacant possession, the property comes with full planning permission for the development of an additional 121-guest rooms. This includes a 111-guest room extension on Fleet Street, in addition to the development of 10 feature suites, situated above 7 Westmoreland Street.
JLL noted that the hotel occupies a prime city centre location on Fleet Street in Temple Bar, close to Temple Bar Square, Trinity College, and all of Dublin's major tourist attractions.
"Combining a highly profitable trading business with a prime retail unit at ground floor level and the popular Hellfire Restaurant, the Temple Bar Inn offers a flagship opportunity in central Dublin," said Isobel Horan, senior vice president, JLL. "There is also valuable planning permission in place allowing a further extension of the hotel, bringing the total potential room count to 222."
