Dublin’s Carnegie Court Hotel goes on the market

Finance | Thu 28 Apr | Author – Business & Finance

The three-star Carnegie Court Hotel in Swords, Co. Dublin, has been brought to the market by Savills with a guide price of €4.75m.

The popular and well-established 36-bedroom hotel, located close to Dublin Airport, was purpose built in 2001 and comes with full grant of planning to convert existing areas into an additional 35 bedrooms.

The hotel is also home to one of Swords best known bars, The Harp, renowned for its live music. In addition, the popular Courtyard restaurant and Rouge nightclub are included in the sale.

Carnegie Court is a popular venue for weddings and special occasions. Conference and banqueting facilities provide flexible air-conditioned meeting rooms and function space capable of hosting up to 300 guests.

The property was granted planning permission for an additional 35 bedrooms within the existing ground and first floors. If completed this would result in 71 bedrooms in total.

According to STR, hotels in the Dublin Airport area achieved average occupancy of 87% in 2015 and RevPAR grew by over 26% compared to 2015.

Carnegie Court Hotel also benefits from its proximity to the city centre and local corporates including Fyffes, Medtronic and Ryanair and numerous nearby attractions.

Tom Barrett, head of Hotels and Leisure at Savills, commented: “The Carnegie Court Hotel is an established, well-located Dublin hotel. It is trading profitably and with recent planning permission presents a very attractive opportunity to add bedrooms in a market with huge demand and a very limited pipeline of new bedrooms.”