13/11/2019, Amsterdam, Netherlands
Archer Hotel Capital (“Archer”) today completed the acquisition of the 192-room Conrad Dublin for a purchase price in the region of €115 million. The luxury hotel is located opposite the National Concert Hall just off the prestigious St Stephen’s Green in Dublin 2. The hotel was comprehensively refurbished in 2017 and is operated by Hilton subject to a management agreement. Arthur Cox advised the purchaser on the transaction.
“We are delighted to conclude our first acquisition with this high-quality hotel which will fit well in the wider Archer portfolio. We are pleased to expand our relationship with Hilton International and add Dublin to our list of investment locations within Europe.”, said Dominic Seyrling, Director, Investments for Archer Hotel Capital.
ABOUT US
Archer Hotel Capital is a specialist European hotel investment vehicle jointly owned by affiliates of APG Asset Management and GIC. Archer was established in December 2018 and owns one of the best quality hotel portfolios in Europe comprising 11 hotels with a gross asset value of circa €2bn and revenues of nearly €400m. Archer is focused on acquiring institutional quality assets of scale in gateway cities across Europe and has equity commitments and a mandate to expand the existing portfolio. The company is competitively positioned in the European hotel investment market, with its specialist team, long-term horizon and high-quality capital sources allowing it to unlock complex investment and value enhancement opportunities.