Advisor CBRE is launching for sale the Usher’s Quay hotel site with planning permission to develop a 100-bedroom hotel in Dublin 8.
The site enjoys a high-profile location overlooking the renowned River Liffey and is being offered with a guide price of €7 mln.
Two notable development schemes in the immediate area are the regeneration of Newmarket Square and The Guinness’ St James’s Quarter. Both schemes have a combined commercial value of over €1 bn and are set to support a range of independent retailers, digital and media start-ups, small enterprises and also enhance the tourism and hospitality offering.
‘Usher’s Quay Hotel site is an exceptional development opportunity for parties to develop a midscale/upscale hotel located in the south inner city close to a host of local facilities,’ said Alexandra Sheeran, senior analyst at CBRE. ‘Dublin has seen a total of five significant hotel transactions totaling over €315 mln year to date demonstrating the strong pent-up demand from international parties and brands looking to invest in the city.’
