ONE of Belfast's biggest budget hotels has gone on the market for more than £7 million.
Selling agents CBRE are inviting offers starting at £7.175 million for the 146-bedroom ETAP Hotel on Dublin Road.
The hotel is currently let to Accor UK Business & Leisure Hotels Ltd, part of AccorInvest, one of the world’s leading hoteliers operating in 27 countries with 760 hotels.
Gavin Elliott, senior director at selling agents CBRE Northern Ireland, said the sale presented a strong opportunity at “an exciting time for the Belfast hotel sector”.
He added: “It has been a good year for the hotel industry in Northern Ireland with occupancy levels rebounding to those last experienced in 2019 and average room rates continuing to perform at record highs.
“By May this year, the revenue per available room in Belfast was up 52 per cent against the same period during 2019 showcasing the growth in this sector.
“With a number of other new schemes announced in recent months, it is clear there is room and an appetite for further growth.
“This hotel represents an opportunity to purchase a property that is already let to a globally recognised brand and is situated within a well-established and vibrant commercial and leisure district.
“Within walking distance of Belfast’s city centre core and the central business district, ETAP has proved exceptionally popular with external and domestic tourists as well as business travellers in the decade since it opened.”
Interested parties can contact Gavin Elliott at CBRE via email at gavin.elliott@cbreni.com
