The sale of the Shelbourne Hotel marks the end of Kennedy Wilson’s investment in Irish hospitality. The Dublin luxury establishment was the only wholly-owned hotel remaining on the US property giant’s books until the deal, now confirmed to have closed with the Dutch investment firm Archer Hotel Capital. Kennedy Wilson is not a long-term hotel owner. Its stated strategy in the past was to “acquire hotels in certain opportunistic situations in which we are able to purchase at a discount to replacement cost or can implement our value-add investment approach”. Since 2022, this objective has disappeared from the firm’s communications…

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