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Sheriff Street Upper, North...

Updated Dec 21, 2023

Eagle Street Partners Group Acquires Dublin Hotel For €78.5M
SOLDHotel

Eagle Street Partners Group Acquires Dublin Hotel For €78.5M

Sheriff Street Upper, North Dock, Dublin, Ireland

$78,500,000

$391/SF

Building Size

200,376 SF

Asset Type

Hotel

Closing

Aug 26, 2021

About this deal

AI

The property asset involved in this transaction is a hotel located on Sheriff Street Upper, North Dock, Dublin 1, Ireland. The transaction took place on August 26, 2021. The property is situated in the Dublin sector and falls under the hotel asset class. It spans across 4.6 acres and was purchased for a price of €78,500,000, resulting in a per acre price of €17,065,217. The vendor of this property is Glenveagh Properties, represented by Stephen Garvey. On the other hand, Eagle Street Partners Group, represented by Justin Bickle and Shane Scully, acted as the purchaser.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: €78,500,000
  • Acres: 4.6
  • Price per Acre: €17,065,217
  • Vendor: Glenveagh Properties - Stephen Garvey
  • Purchaser: Eagle Street Partners Group - Justin Bickle & Shane Scully

The key individuals involved in this deal are Justin Bickle, Shane Scully, and Stephen Garvey. Justin Bickle and Shane Scully represent Eagle Street Partners Group, the purchaser of the property. On the other hand, Stephen Garvey represents Glenveagh Properties, the vendor.

Players

Dublin Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Deal FAQ

About $391 per square foot on a published $78.5M for 200,376 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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