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The iconic Buswells Hotel in Dublin has been brought to market with a guide price of €22m (£19m).
The historic hotel is located in the heart of Dublin and surrounded by prime offices, retail, five-star hotels, Trinity College, St. Stephen’s Green, museums and the Dail (Irish Parliament)
Located across from Leinster House, the parliament of Ireland, the hotel is reportedly a popular gathering spot for politicians and journalists, as well as international tourists.
Buswells has operated as a hotel since the 19th Century. The 67-bedroom site is offered for sale free of management agreement and brand and is said to “represent a rare opportunity to invest, reposition and extend (SPP) in a top European capital”.
The hotel has “extensive” F&B and conference and meeting facilities as well as “outstanding” transport links. Buswells is just a two minute walk from Dawson Street Luas stop (Green Line) and a nine minute walk from Pearse Street DART station.
Tom Barrett, head of Hotels and Leisure at Savills, who is handling the sale, said: “Buswells is in the best Dublin location. Prime, but discreet and at the centre of everything an upscale hotel guest requires.
“Recent STR data for Dublin shows strong trade, with July occupancy of 86% at an ADR of €188 (£163) and RevPAR 21% above July 2019. This hotel presents a very rare opportunity to add value to a trophy Dublin hotel.”
