Tuesday January 28, 2020

Bono and Edge buy Clarence Hotel in off-market Nama deal

Agency did not invite any other bidders to tender for the prestigious asset

13th March, 2016
The Clarence Hotel in Dubin's Temple Bar is understood to have been sold for less than the total debts of the company which had owned it. Bono supported the hotel financially during the downturn Bryan Meade

Nama sold Dublin’s landmark Clarence Hotel to a consortium including Bono and the Edge without inviting any other bidders to tender for the prestigious asset.

The hotel is understood to have been sold for less than the total debts of the company which previously owned it.

Last year, another state agency, the Dublin Docklands Development Authority, sold U2’s former recording studio for €450,000 to the band without a public tender.

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