Two major five-star hotels in Dublin are set to test investor appetite for the city's high-end hotel accommodation amid another strong year across the country’s tourist and business travel industry.

The Morrison Dublin, Curio Collection by Hilton has been brought to market by owner Zetland Capital at a guide price of €90M to €95M. Sitting on the north quays, it has 157 bedrooms and suites and is trading at more than 90% occupancy. CBRE is advising on the sale.

At the same time, Archer Hotel Capital has appointed CBRE and Eastdil Secured Savills to advise on the disposal of the Conrad Dublin at around €130M, according to Green Street News. Archer acquired the property seven years ago.

Zetland Capital acquired The Morrison for about €65M in 2021 and recently completed an €11.25M refurbishment after expanding it from 145 guest rooms to 157. After its purchase, the hotel was repositioned under Hilton's Curio Collection and was upgraded to five-star in 2023.

CBRE previously described it as “one of Dublin’s most consistently high-performing hotels” and said recent investment had created “further upside potential.”

The 192-room Conrad sits on Earlsfort Terrace opposite the National Concert Hall, close to St Stephen’s Green, and is operated by Hilton Hotels. Archer acquired it in 2019 for circa €115M following a major refurbishment of the property in 2017.

The Conrad also has permission to expand after Dublin City Council approved plans in April allowing Archer to increase the hotel from 192 rooms to 308 through an eight-storey extension over existing event space and further extensions to the existing building. Previous plans to expand to 280 rooms were shelved because of construction costs and viability concerns.

Archer is a specialist European hotel investment vehicle jointly owned by Dutch pension investor APG and Singapore sovereign wealth fund GIC. Its Dublin portfolio also includes The Shelbourne, which it acquired from Kennedy Wilson in 2024 as part of a wider transaction.

The potential disposals come as Dublin's hotel investment market has found renewed momentum amid positive inbound numbers, with some 670,300 foreign visitors completing a trip to Ireland in June 2026, an increase of 2% when compared with June 2025, according to the Central Statistics Office.

Year-to-date overnight visits by foreign residents were estimated at 3.2 million, an increase of 15% compared with January to June 2025 at 2.8 million.

In July, the John Malone-backed MHL Hotel Collection agreed to acquire the 209-room Crowne Plaza Dublin Airport and the 214-room Holiday Inn Express Dublin Airport from Tifco Hotel Group for about €100M. The transaction, handled by CBRE Hotels and JLL, attracted multiple rounds of bidding and was described by JLL as the largest-ever hotel sale completed at Dublin Airport.

MHL has been one of the most active buyers in the Irish market and recently completed a €190M refinancing with AIB covering four hotels, including College Green and Trinity City in Dublin.

Meanwhile, developer Dairy Hill Property lodged plans for a 37-bedroom, five-star boutique hotel on Lower Baggot Street earlier this summer. Dairy Hill Property's proposal would convert a former Ulster Bank site into a hotel with a restaurant, bar and basement speakeasy and would involve the demolition of the buildings at 33-37 Pembroke Street Lower, to be replaced with a six-storey, over-basement extension.