Tuesday December 10, 2019

Conrad hotel fetches sale price of €116m

Buyer believed to be Archer Hotel Capital

24th November, 2019
Conrad owner Park Hotels & Resorts has sold the Dublin hotel

Conrad owner Park Hotels & Resorts has sold the Dublin hotel for €116.4 million. The 192-room city-centre hotel off St Stephen’s Green had annual earnings before tax of around €5 million, according to the announcement confirming its sale. Thomas Baltimore, chief executive of Park Hotels, described the deal price as “very attractive”.

The buyer is believed to be Archer Hotel Capital, which the Irish Times reported earlier this year was close...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

A shortage of large-scale industrial and logistics investments is proving problematic for investors

kevin mchugh | 2 days ago

Operator SQRE is now actively seeking more sites around Dublin for similar schemes

Killian Woods | 2 days ago

2020 is set to see the emergence of Super Prime and realisation of large-scale mixed use schemes

Aidan Gavin | 2 days ago