Tower Hotel Derry for sale

Dublin, 19th June 2014 – CBRE Hotels has been appointed to sell the Tower Hotel, Derry. The sale offers an excellent opportunity to acquire an extensive 93 bedroom, hotel located within the historic Derry City walls.  CBRE is inviting offers in excess of £3.75m.
The purpose-built hotel boasts 93 contemporary en suite bedrooms, conference and banqueting facilities for up to 400 people, basement parking and has planning permission for an additional 52 bedrooms. The excellent City trading location adjacent to The Diamond, allows for a substantial and profitable hotel business with growth potential. It is also the only hotel located within the historic Derry City walls. 
John Hughes, Director, CBRE Hotels, commented:
”The sale of the Tower Hotel offers a great opportunity for investors to acquire an already profitable Derry city centre hotel, that also offers potential for further expansion.  We are expecting keen interest from hoteliers wishing to establish a presence in this increasingly popular tourist destination”
About CBRE Hotels
CBRE Hotels is the world’s leading, full-service, real estate advisory group focused exclusively on the hospitality industry. CBRE Hotels provides consultancy services for the sale, valuation, financing, development and asset management of hotels. Headquartered in London, the group has offices in Munich covering Germany and CEE (Central and Eastern Europe), Ireland, France, Spain, Italy and with dedicated hotel teams in the United States and the Asia-Pacific region.