The Paramount Hotel and Turks Head, Parliament Street, Temple Bar, Dublin 2 is being brought to the market by CBRE Hotels. The high profile business is offered for sale by private treaty, as a going concern, seeking offers in excess of €15m.
The Paramount Hotel and Turks Head includes 66 well appointed en suite bedrooms, a vibrant and comprehensive food and beverage operation in one of the Dublin’s most popular locations. This is a rare opportunity to acquire an established business superbly located in Dublin city centre and the renowned Temple Bar cultural and tourist district of the city.
The Paramount Hotel and Turks Head comprise ten interconnecting four, five and six storey over basement landmark buildings. These prominent buildings have street frontage to Parliament Street, a major city thoroughfare linking the city centre to the south suburbs, together with frontage to Essex Gate and Upper Exchange Street.
Key features of the Paramount Hotel and Turks Head include:
- Unbranded and superbly located 3 star city centre hotel with 66 stylish and contemporary en suite bedrooms
- Turks Head is a popular bar, restaurant and music venue extending to approximately 1,290 sqm/13,884 sqft over two levels
- Potential to add further bedrooms and increase to 100 plus bedrooms – subject to planning permission
Paul Collins, Executive Director of CBRE Hotels said: “The sale of the Paramount Hotel and Turks Head offers Irish and International investors an outstanding opportunity to acquire a prime and profitable hotel and bar business in a key international capital city. Profitable and well established Dublin city centre hotels rarely come to the market and this sale is especially significant as the Paramount Hotel is being offered unbranded, freehold and with vacant possession.”
The property is being sold by the Cullen Family. The property was the subject of a dispute between NAMA and The Cullen Family which was resolved in February 2015.
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