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
Loading comparables…
Deal FAQ
Browse Dublin hotel sales on Traded.
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