Historic Dublin Citi Hotel goes on the market for over €10 million

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A hotel in the heart of Dublin City is set to go on the market for over €10 million.

The Dublin Citi Hotel in Temple Bar will start with a guiding price of €10.7 million and is being advertised as a "strategic piece of Dublin's streetscape".

The 27-bedroom hotel and bar consists of two buildings on Dame Street both of which were built over 100 years ago.

The deal includes the benefit of a 25 year lease meaning investors will be paid €660 thousand in rent per year.

The hotel is situated right beside Temple Bar

The buildings were constructed in 1868 and 1910 and feature ornate brick walls and polished red granite.

Both of them were originally office blocks until 1996 before being converted.

Savills Associate Director Aaron Spring said: “Investors are capturing strong rental income underpinned by experienced operators, and the opportunity to own a strategic piece of Dublin’s streetscape.”

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