Burlington on sale for quarter of boom’s €288m price tag

The landmark Burlington Hotel is for sale with a price tag of just a quarter of the €288m it sold for five years ago.

The hotel was bought from the Doyle family, along with an adjoining site for a further €100m, by developer Bernard McNamara at the height of the boom.

While Mr McNamara’s debts now amount to about €2bn, and include a number of hotels and a share of the costly Glass Bottle site, the 501-bed Burlington Hotel has continued under receivership/management to trade successfully.