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…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .