The owners of the five-star Marker hotel in Dublin are considering selling the property it has been revealed.
According to the Irish Independent, the hotel is being readied for a potential sale at a guide price of between €120m and €125m. It is owned by Midwest Holding AG and an investor group led by Brehon Capital partners.
Currently a selling agent has not been formally appointed, however Brehon’s managing director Kevin McGillycuddy confirmed to the Irish paper that a sale is being considered.
He said: “We have had several reverse enquiries over the past years given The Marker’s reputation as one of Dublin’s top hotel destinations. This has led us to begin exploring a potential sale at a later stage this year but no one has been formally appointed to date and there are many factors that will influence that ultimate decision.”
Situated on Grand Canal Square in the heart of Dublin’s business and cultural quarter, the Marker features 187-rooms, a ground-floor cocktail bar and brasserie, a spa with four treatment rooms and a state-of-the-art gym.