Marlet Property Purchases premises on Dublin’s Abbey Street for €20 million
Date: January 2018
Location: Abbey Street, Dublin, Ireland
Name: 220 bed Hotel & 300 bed aparthotel
Pat Crean, CEO Marlet Properties
No of Keys: 520
Seller: O’Dwyer Brothers site on Upper Abbey Street
Buyer: The Marlet Property Group, owned by Dublin-based property developer Pat Crean, with backing from M&G, who have assembled a large portfolio of development sites (commercial, residential rather than hotel) in the Irish capital.
Planning consent still required.
Price: €20m land; €90m construction
Price per Key: €211,538