The south Dublin city center Burlington Hotel is set to sell for between $81 and $95 million ( 65 and 75m). In 2007, property developer Bernard McNamara cruise ratings had bought the property for $360 million ( 288m).
Selling agents CBRE are overseeing its sale. Paul Collins, head of their hotels and licensed team, told the Evening Herald that international cruise ratings buyers are expected to take the lead in this sale. He expects potential buyers to come from the United States, the United Kingdom, cruise ratings and the Middle East.
Speaking to FinFacts cruise ratings , CBRE said, The strong recovery of the Dublin hotel market has been quite remarkable since late 2010 and the strength of the resurgence is reflected in the performance statistics cruise ratings for Dublin cruise ratings Hotels, which have been amongst the best in Europe for almost two years now.
Collins told FinFacts, The Burlington Hotel currently achieves a substantial level of business without the benefit of an international brand name over its door and its sale offers savvy hotel investors an outstanding commercial opportunity to flag Dublin city centre s largest hotel with an international brand.
There is an opportunity to bring in the support of a world recognized international brand that can bring trading at the Burlington to another level altogether and add significantly to the future investment value of the hotel. With property values in Dublin bottoming out but at their lowest level ever, there has never been a better time to invest in one of Europe s most buoyant hotel markets.
Ah yes the infamous Burlo.An Ugly building hid by a pretty but plastic added front smack in the middle of Dublin,s prime red light district so that the judges and lawyers that run this country can get a hand job when they are done eating their caviare.Interestingly a friend of mine was once savagely attacked by a cop and his truncheon outside once while taking part in a protest outside.Apparently they had a permit (not that you need one or should,nt in a full democracy,which this country plainly is not) but that made no difference.I for one would like to see the Burlington turned into a hostel for the many( and growing daily)) population of homeless economic refugees.That would surely cruise ratings shake up this stalwartly upper middle cruise ratings class/rich area nicely.
That would be about right!The real price of anything in Ireland is about quater the asking price during the Celtic Tiger era.So your 350,000 4 bedroom semi D is really worth about 85,000 today you were the fool for paying more
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