The owner of Dublin's Shelbourne Hotel, Kennedy Wilson, has revealed that the Republic of Ireland is on track to become its biggest European market by net operating income.
Big Plans For Dublin
Approximately 40% of the developments that are currently in Kennedy Wilson's pipeline are in Dublin. The US company plans to spend over €500 million in the Irish capital by 2022.
The Irish Times quotes Kennedy Wilson president Mary Ricks as saying, "Almost all our development in Europe is in the high-growth Dublin market, and we continue to make solid progress on all of our projects."
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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.