Tuesday July 14, 2020

Higher stakes for hotels

Prices are rising in the capital as O’Connell Street positions itself as a new centre for hotel and leisure activity

6th March, 2016
The Clarion Hotel in Sligo sold for €13.1 million earlier this year

The stakes were raised in the hotel property market last week by DIT’s decision to synchronise its sale of the Cathal Brugha catering college with the sale of the adjoining Gresham Hotel on O’Connell Street in Dublin.

Prospective Gresham buyers, who may have been bidding around €80 million, will now have to consider budgeting for over €100 million if they wish to add the cost of developing more than 250 bedrooms...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Martin warns Taoiseach that his earlier remarks could ‘undermine’ case for action

Aiden Corkery | 8 months ago

Robbie Fox, the man behind Renards and the Pink Elephant, reflects on the recent closure of his D4 eatery Belluccis and the future of hospitality in a changing city

Róisín Burke | 8 months ago

The party is down to 24 per cent, completely wiping out the gains it had made in the previous Sunday Business Post/Red C poll last month

Michael Brennan | 8 months ago