The George Boutique Hotel in Limerick city centre is on the market with an asking price of €3 million.
The three star property, which opened in 2006, has profile to both O’ Connell Street and Shannon Street, is laid out over 8 floors and comprises 124 bedrooms, bar and restaurant.
The hotel’s GBK Italian Restaurant, which has frontage onto Shannon Street, is linked to the George Bar and allows for casual dining and also serves as a meeting venue. Conference facilities include four meeting rooms that can accommodate up to eight people in boardroom format.
There has been a notable increase of activity in the Limerick hotel market over the past 18 months.
The Radisson Blu on Ennis Road is currently under offer after going on the market for €3 million in September. In November, the 151-bedroom Jurys Inn sold for a reported €2.25 million.
This heightened interest in Limerick’s hotels is reflected by figures from trending.ie that show that revenue per room in the city increased by 7 per cent last year.
Savills Cork and DTZ Limerick have been appointed as joint selling agents who say that the hotel is trading profitably and is well positioned to capitalise on the strong recovery being experienced in the Limerick hotel sector.
