Global real estate advisor, CBRE, is offering to the operator/occupier market the hotel element of the East Wharf mixed-use development, located in East Wall, Dublin.
The scheme, which is being developed by MKN Property Group, will comprise a 15-storey 183-bedroom hotel, 87 Build-to-Rent apartments, 1,400 sqm office accommodation and a cafe constructed across three blocks over a basement car park. The bedrooms will range in size from 16.5 sqm to 20 sqm.
Construction has commenced on site with practical completion due in Q4 2023, ready to be fitted out and expecting to be operational in early 2024. CBRE are seeking proposals from hoteliers for lease, management agreements or forward purchase/commitment proposals.
East Wharf is located within easy reach of the Dublin Docklands, East Point Business Park, International Financial Services Centre, Convention Centre, Dublin (CCD), Croke Park and the 3Arena. Dublin’s Port Tunnel, located next to the East Wharf development, provides easy access to both Dublin Airport and Ireland’s motorway network.
The Dublin Docklands area has transformed into a recognised tech hub, with an international status attracting established global brands including Yahoo and Verigon, as well as numerous tech firms. This part of the city extends to an area of approximately 1,300 acres with over 40,000 people working and 26,000 people living in the area. This booming part of Dublin is experiencing significant expansion and will be a huge boost to the East Wharf Hotel.
The East Wharf hotel development is also located next to Eastpoint Business Park which is home to 50+ companies with over 6,000 employees. Notable occupiers include Oracle, Fineos, Top Oil, Verizon and Enterprise Ireland. Julie Gauthey, Analyst at CBRE commented: “The East Wharf hotel is a superb opportunity for operators to get a turnkey hotel in one of Dublin’s most prominent and developing areas. The hotel is now under construction and provides the successful hotelier with the opportunity to work with the developer in delivering an amazing hotel.”
