DUBLIN’S BURLINGTON Hotel, bought by property developer Bernard McNamara at the peak of the property boom in 2007 for €288 million, is back on the market with a guide price of €65-€75 million.
Mr McNamara has been one of the biggest casualties of the property crash with overall debts of €1.5 billion.
And now. The punchline…
Paul Collins, of CBRE Hotels, said yesterday there had been a remarkable recovery in the Dublin hotel market, and city hotels were now among the best-performing in Europe.
Burlington Hotel on market for one-quarter of 2007 price (Jack Fagan, Irish Times)
(Sasko Lazarov/Photocall Ireland)