Gresham Hotel sale expected to be completed in summer

First bids for Dublin’s Gresham Hotel are expected to be lodged by the end of April with its sale likely to be concluded by mid-summer.

Though long-since anticipated, the sale process for the prestigious hotel only formally got under way yesterday with Nama giving CBRE and Christie’s the nod to put the premises on the block with a guide price of over €80m.

With Dublin having the highest hotel room revenue rates in Europe in the last two years, interest is expected to be high among domestic and international buyers.