Capital hotel offering

A PRIME sited and profitable Dublin city hotel developed by city bar and hotel owners the Dwyer brothers is up for sale, expected to find an overseas buyer, for as much as €35m.

The 195-bed Trinity Capital hotel, which includes the old red-brick Dublin City fire station on Pearse Street, is understood to have made an operating profit of between €2.5m and €3m last year, as the capital’shotels continue to trade — and to sell — strongly.

It comes up for sale via agent Paul Collins of CBRE Hotels, who says Dublin’s hotels have had 30 straight month of positive performance based on the ‘Rev/par’ standard industry measurement, and this is a performance monitored by international and investor buyers who are actively eyeing Dublin hotels.