Sunday 21 July 2019

Marker Hotel owners weigh €125m sale

The rooftop of the Marker Hotel
Ronald Quinlan

Ronald Quinlan

Dublin's five-star Marker Hotel is being readied for a potential sale at a guide price of between €120m and €125m, the Irish Independent can reveal.

While a selling agent has yet to be formally appointed by the Marker's owners, Midwest Holding AG, and an investor group led by Brehon Capital Partners. Brehon's managing director, Kevin McGillycuddy confirmed yesterday that the sale of the hotel was now being considered.

"We have had several reverse enquiries over the past years given The Marker's reputation as one of Dublin's top hotel destinations. This has led us to begin exploring a potential sale at a later stage this year but no one has been formally appointed to date and there are many factors that will influence that ultimate decision," he said.

News of the Marker's potential sale comes just three weeks after the Irish Independent revealed that the five-star Conrad Hotel had been put on the market quietly for a guide price in excess of €115m.

The Conrad Dublin as it is now known is 47.8pc-owned by both Hilton Worldwide (part of the Park Hotels & Resorts Group) and the Cashel Fund, a regulated investment fund based in Dublin. Life and pensions group Aviva owns the remainder of the shares.

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