The Vicar Street Hotel site in the Liberties district of Dublin was put on the market with a guide price of over 12 million euros.
Harry Crosbie, owner of the Vicar Street concert hall, obtained full building permission for an eight-story, 185-room hotel on the site in 2019 despite considerable local opposition.
Construction of the hotel was to begin shortly after the development was given the green light, with a view to being completed the following year. However, this has been delayed, in large part because of the coronavirus pandemic.
The hotel, which will include a rooftop bar and restaurant with outdoor terrace, will be located on a site in one of Dublin’s most historic areas and close to the city center and the Guinness St district development project. James.
“The Vicar Street Hotel site is an exclusive opportunity for the parties to develop a boutique / lifestyle hotel in one of Dublin’s most vibrant and developing areas,” said Alexandra Sheeran, senior analyst at CBRE.
“There is a strong demand for the Dublin City Center hotel development opportunities that have been offered for sale recently and we continue to see strong pent-up demand from international parties looking to invest,” he said. she adds.
Although the development met with opposition, it had its supporters, including Fáilte Ireland, who made a submission to Dublin City Council in support of the request.
Last year Mr Crosbie announced plans for a new Vicar Street South concert hall in Gorey, County Wexford.
The developer started his career in transportation, following in the footsteps of his father and grandfather. But he is best known now as a venue owner, having founded the Point Depot (now known as 3 Arena), Vicar Street in Dublin, the Bord Gáis Theater and the Convention Center Dublin.