It is anticipated that Dublin's Conrad Hotel will be sold to European hotel investor Archer Hotel Capital BV for approximately €118 million in the coming weeks.
According to The Irish Times, the hotel's owners have entered into exclusive talks with Archer Hotel Capital.
Current Owners
At present, The Conrad is 47.8% owned by both Hilton Worldwide and Dublin-based regulated investment fund the Cashel Fund. The remaining 52.2% of the shares are owned by life and pensions firm Aviva.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
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