The Marine Hotel Sutton was sold to Hotels Properties Limited, for in excess of the €10M guide price.
Acting on behalf of the Ryan family, JLL, a leading global commercial real estate and investment management company has announced the successful completion of the sale of the Marine Hotel in Sutton, Dublin 13.
Established in 1897, the well-known hotel includes 48 guestrooms and numerous food & beverage, conferencing and leisure facilities, all situated on a rare seafront site.
Matthew Ryan, Managing Director, commented: “We are delighted to announce the sale of The Marine, which is a Dublin landmark and a very successful hospitality business. The sale is testament to the wonderful staff and team at the Marine and we wish the new owners every success”.
Sheila O`Riordan, Director, Hotels Properties Limited, added: “Thank you to the vendors agent, JLL, Michael Clifford & Associates, Mullany Walsh Maxwell and Quantus Advisory accountants for working very closely with me on the recent acquisition of the Marine Hotel in Sutton, as it aligns perfectly with our ongoing strategy to expand and diversify our portfolio. This acquisition marks a significant step in our growth and complements our vision of delivering high-quality accommodations and experiences in key locations. We want to wish The Ryan family all the best with their future endeavours and their amazing support to enable a smooth transition”
The sale attracted numerous bids from domestic and international hotel groups and the hotel was sold to Hotels Properties Limited, for in excess of the €10M guide price.
The Ryan family were advised on the disposal by JLL, Matheson LLP, Orpen Franks Solicitors LLP, PWC, Evelyn Partners, Hollis and Conroy Crowe Kelly Architects and Urban Designers.
Hotels Properties Limited were advised by Michael Clifford & Associates, Mullany Walsh Maxwell and Quantus Advisory accountants.
