European investor acquires Staycity Dublin Castle Aparthotel for €11.5m

• Published date: 29 June 2022
• Author: Ronald Quinlan
• Publication title: Irish Times: Web Edition Articles (Dublin, Ireland)

The property comprises 51 bedrooms and is occupied in its entirety by Staycity, a highly successful international aparthotel group under its core Staycity brand on a long-term lease with a weighted average unexpired lease term of more than 20 years

Founded in 2004 in Dublin by chief executive Tom Walsh and his brother, Ger, Staycity operates across 23 sites with more than 5,500 apartments across properties in Dublin, Berlin, Birmingham, Bordeaux, Edinburgh, Frankfurt, Heidelberg, Liverpool, London, Lyons, Manchester, Marseilles, Paris, Venice and York.

Staycity operates under the Staycity Aparthotels and Wilde Aparthotels by Staycity brands. The aparthotels have 24-hour reception and most have a cafe selling drinks, snacks and breakfasts, a guest lounge, a gym and guest parking. The company is already the largest aparthotel operator in Dublin with a total of 232 units across four properties.

The Staycity Dublin Castle is well-located in Dublin 8, south of the river Liffey, and just 850m from St Stephen's Green. The Dublin 8 area is home to a number of notable visitor attractions including Christ Church Cathedral, St Patrick's Cathedral and Dublin Castle. Other highlights include the Guinness Storehouse at Diageo's famous St James's Gate brewery, and the Teeling Whiskey, Roe & Co and Pearse...