Apartment hotel group City ID has announced the acquisition of a site on Capel Street in Dublin. The latest addition to its brand is the next step in its wider growth strategy across Europe and beyond.
Details
The acquisition of the Capel Street site adds to City ID's three locations in central Amsterdam and to its latest site in central London's Victoria district. Together with pension provider APG and Aware Super, City ID is implementing its strategy of international growth. The goal is to invest more than € 1 billion over the next five years to grow its international platform of apartment hotels across major European cities.
The Dublin property is located on the corner of Capel Street and Little Strand Street and will draw on Dublin's architectural heritage, introducing a contemporary building with a fresh identity. The apartment hotel will offer 104 apartments with a diverse room mix. Each will feature fully equipped kitchens and living spaces, suited for short and long stays. The top floor will offer views over the river Liffey and southern Dublin, and the ground floor public area will include an open lobby, a neighbourhood deli, a bar and an extended wellness area accessible for hotel guests, local residents and neighbouring business workers.
Statement By City ID CEO
Alexander Goad, CEO at City ID, said, "We love Dublin. It provides a wonderful chance for our group to express our vision of creating an urban oasis for our guests and the local community. With this fantastic new City ID location on the historically rich Capel Street, we aim to inspire our guests to experience the local life both inside and outside of the hotel. We’re thrilled that, with this fifth landmark in our portfolio, we continue our journey of building our platform across major European cities."
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