Spanish hotel firm buys Gresham from Nama for €92m

Nama made a profit of almost €60 million on the sale

31st July, 2016
The Gresham Hotel Pic: RollingNews.ie

The National Asset Management Agency (Nama) made a profit of almost €60 million on the sale of the Gresham Hotel, the landmark O’Connell Street property, which was sold last Friday for €92 million.

Nama is understood to have bought the hotel from the former Anglo Irish Bank for between €30 million and €35 million. The valuation of the 323-room hotel, which opened in 1817, sets a new benchmark for hotels in the capital.

The...

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