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JLL has brought the 101-room Temple Bar Inn on Fleet Street to the market with vacant possession at a guide price of more than €50M, just days after The Morrison Hotel was put up for sale.
Heights Hospitality Holdings is selling the Temple Bar Inn, which is near Temple Bar Square and many of Dublin’s popular tourist attractions, while the sale also includes a street-level Tesco store and the Hellfire restaurant at 7 Westmoreland Street.
The hotel complex has also come to market with full planning permission for the development of an additional 121 guestrooms, consisting of a 111-room extension on Fleet Street and 10 suites above 7 Westmoreland Street.
ESB originally owned what was an office building but sold it for €33M in 2006 to a company controlled by Wexford-based Stafford Holdings. Heights Hospitality subsequently purchased the building and secured planning permission to extend the hotel. Heights Hospitality put the property on the market in 2019 for €45M but withdrew it after the pandemic hit.
The Morrison Hotel on Dublin’s north quays has also been put up for sale by UK private equity investor Zetland Capital/Centauro Holdings for €90M to €95M, up significantly from the €65M it had paid for the five-star hotel, which became part of the Curio Collection by Hilton in 2023.
Brought to the market by CBRE, The Morrison Hotel is in the city centre, overlooking the Liffey. The sale of the hotel was first floated almost a year ago at a guide price of about €100M.
The hotel has 157 bedrooms and suites, and the conversion of the ground-floor Printworks conference room will provide eight new bedrooms. A further four bedrooms are being added on the fourth floor.
The hotel opened in 1999 after being developed by publican Hugh O’Regan, before NAMA acquired his loans and then sold the property to Russian billionaire Elena Baturina in 2012 for £22M. Baturina subsequently sold the asset to Zetland Capital.
The Dublin hotel investment market rebounded last year with about €1B in transactions, including the circa €260M sale of The Shelbourne Hotel to European investor Archer Hotel Capital.
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