ACQUISITION
BNP Paribas Real Estate acquired this centrally located 50 unit apart hotel on behalf of BNP Paribas REIM for €11.5 million. This hotel situates centrally in Dublin 8 on the fringe of Dublin 2 offering very close proximity to a number of tourist attractions like Christchurch, Dublin Castle and St Patrick’s Cathedral along with all the city centre amenities. This purpose built aparthotel boasts excellent sustainability credentials and is let to the leading European operator “Staycity”. With a WAULT of over 20+ years this investment generates a defensive income profile in the burgeoning Dublin tourist market, as well as potential for future value creation in a very exciting part of Dublin city.
