CBRE Hotels Sells Crowne Plaza Dublin Ohio

Columbus, Ohio – November 6, 2013 – CBRE Hotels, acting as the exclusive advisor to Dublin Metro Hotel LLC, announced the sale of the 215-room Crowne Plaza situated at 600 Metro Place in Dublin, Ohio. The asset sold to Waramaug Dublin LLC who plans at least $6 million dollars in significant renovations. The hotel will retain Crowne Plaza affiliation.

The Crowne Plaza is located in Dublin, the northwest Columbus suburb that hosted the prestigious President’s Cup in October of 2013. On a 10.67-acre site, the Intercontinental Hotel Group affiliated property offers 13,000 SF of meeting space, full service bar and restaurant, business and fitness centers, and a newly renovated indoor pool.

Eric Belfrage, First Vice President of CBRE Hotels in Columbus, and James Johnson, Senior Vice President of CBRE Hotels in Chicago, advised Dublin Metro Hotel LLC in this transaction.

Mr. Belfrage noted, “The hotel is extremely well located in a premiere 70% corporate market. Performing at a 65% RevPAR index, the Crowne Plaza Dublin was in need of major property renovations. With the buyer’s significant planned improvements, this hotel can compete far more effectively among Dublin’s 14 hotels and offer guests an outstanding price/value relationship.”


CBRE Hotels is a specialized advisory group within CBRE Group, Inc. providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.