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.
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.
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© 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.