Kennedy Wilson booked $99m profit from sale of Shelbourne Hotel

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Shelbourne-Hotel News

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Five-star Dublin hotel was sold to Archer Hotel Capital and details of the gain for Kennedy Wilson were included in a stock market filing in the US

The five-star Shelbourne Hotel was sold to Archer Hotel Capital in March having being put up for sale for a reported €260 million. Photograph: Eric Luke

The Shelbourne was sold to European investor Archer Hotel Capital, which also owns the Conrad Hotel on the other side of St Stephen’s Green. The hotel had been put up for sale with a reported price tag of €260 million. Its expenses declined to $7.6 million in the quarter from $7.9 million a year earlier “primarily due to decreased level of activity at the Shelbourne Hotel during 2024″.

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