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Savills is marketing the €10.7-million sale of the Dublin Citi Hotel in Dublin's Temple Bar.
The 27-room hotel is next to the former Central Bank building. The hotel's current tenants have a 25-year lease, paying €660,000 per year. The property will come with a sale-and-leaseback agreement and will be subject to five yearly rent reviews linked to the Consumer Price Index, according to The Irish Times.
According to Aaron Spring, associate of hotels and leisure at Savills Dublin, the new owner will gain a new...