Did You Hear The One About The Luxury Hotel?


The set up…

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)