Conrad hotel fetches sale price of €116m

Buyer believed to be Archer Hotel Capital

24th November, 2019
Conrad hotel fetches sale price of €116m
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!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Waste industry tycoon adds hotel property to his hospitality assets

Site with planning permission for 42 homes in Co Galway

Office life has changed forever – now it’s time to adapt and adjust

City Square shopping centre in Waterford on offer for €24.5m