Burlington Hotel is put up for sale at quarter of 2007 price

The Burlington Hotel The Burlington Hotel is located on the south side of Dublin

Related Stories

The Burlington Hotel in Dublin has been put on the market at a quarter of the price it was bought for five years ago.

Property developer Bernard McNamara purchased the hotel at the peak of the property boom in 2007 for 288m euros.

In 2010, he admitted he was "broke" and had debts of around 1.5bn euros.

The hotel is now on the market with a guide price of 65 to 75m euros.

Agent CBRE Hotels is handling the sale on the instructions of Paul McCann of Grant Thornton, who was appointed receiver by Bank of Scotland (Ireland).

The four star hotel has 501 bedrooms and occupies a 3.8 acre site in the prestigious Dublin 4 district.

More on This Story

Related Stories

More Europe stories



Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.