Three Dublin hotels sell to US, Irish investors for €150m

Acquisition of The Spencer, The Morgan and The Beacon is complete

4th December, 2016
The Morgan Hotel In Temple Bar

CBRE Hotels and Capnua Corporate Finance, on behalf of Fitzpatrick Lifestyle Hotels and Patron Capital, has completed the sale of three lifestyle hotels in Dublin for €150 million to Lalco Hotel and Hospitality Group, US and Irish based investors. The acquisition, initially announced at the end of September, has taken two months to complete.

The three hotels in the deal include, The Spencer, The Morgan and The Beacon hotel. The Spencer comprises 169 bedrooms and...

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