CBRE takes a Dublin 2 hotel lease to market
CBRE is marketing a hotel leasing opportunity on Clarendon Street in Dublin 2. Aviva Life & Pensions Ireland DAC is developing the scheme. Hospitality Ireland reported the mandate on 12 October 2026 under the byline of Robert McHugh. The Irish Times carried it on 7 October 2026 under property editor Ronald Quinlan.
An operator would take the property on from the developer. No operator, rent or lease term has been published.
The proposed scheme
The hotel is planned as a seven-storey-over-basement building with 184 bedrooms. The plan includes a restaurant, a bar and commercial space. The site has frontage on Clarendon Street at numbers 38-44 and on South William Street at numbers 52-55.
The proposal also covers four Georgian buildings on South William Street. Those buildings would carry commercial use at ground floor and basement level across 364 square metres, with 10 apartment suites on the upper floors across a total of 864 square metres.
An operator lease, marketed as turnkey
CBRE describes the opportunity as a turnkey development. Alexandra Sheeran, a director at CBRE, set out the offer. "This exceptional hotel development presents a fantastic opportunity for astute operators to secure a prime, turnkey development in Dublin's most sought-after location," she said.
Sheeran added that the project offers scope for design input. "With its unbeatable prestige and potential for innovative design, this project offers the chance for a visionary hotelier to collaborate with the developer and create an incredible hotel in one of the city's most exclusive areas."
Planning status
CBRE and Hospitality Ireland describe the hotel as a proposed scheme. The Irish Times reports the scheme subject to planning permission. The published copy carries no grant of permission. Dublin City Council's online planning register was not readable at the time of writing.
An operator and a developer need that consent before any of the described floor space can be built.
The demand case CBRE makes
CBRE's market case rests on three points. The firm says Dublin benefits from record levels of office take-up by multinationals. It says visitor numbers are booming. It says those two factors will generate considerable future demand for Dublin hotels.
Each statement is CBRE's own. The release carries no independent measurement of the office take-up, the visitor numbers or the demand forecast.
MetroLink and the St Stephen's Green station
CBRE points to MetroLink as support for long-term demand. The firm says the planned St Stephen's Green station will improve connectivity to Dublin Airport, the city centre and the wider transport network. It expects that link to serve international leisure, corporate and group guests.
Transport Infrastructure Ireland sets out the network behind that claim. It describes a line of approximately 19 kilometres between Swords and Charlemont with 16 new stations. The city-centre stations are O'Connell Street, Tara Street, St Stephen's Green and Charlemont. Transport Infrastructure Ireland cites a journey time of approximately 25 minutes between Swords and the city centre.
The approval timeline is public. Cabinet approval to move MetroLink to the detailed tender stage came on 16 September 2026. Enabling works are to start on site early next year, ahead of tunnelling and station construction. Transport Infrastructure Ireland published the appointment of a Programme Delivery Partner on 10 September 2026, awarding the support services contract to Jacobs AECOM.
Transport Infrastructure Ireland placed the trains, tracks, stations and 25-year operating service inside one availability-based design, build, finance, operate and maintain contract. It put the estimated contract value at EUR 7.3 billion excluding VAT in net present value terms, on a February 2026 assessment.
What the mandate leaves open
Several terms remain unpublished. The operator is unnamed. The rent is unstated. The lease length is unstated. The 184 bedrooms cover the hotel element alone, and the four Georgian buildings on South William Street carry their own uses inside the plan.
For an operator weighing the opportunity, the planning consent and the lease terms are the two items that turn a proposed scheme into a business case.