Ascott Acquires 136-Unit Temple Bar Hotel in Dublin for EUR55.1 Million (US $57.4 Million)

The Ascott Limited | December 21, 2016

Singapore, 21 December 2016 – CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has expanded its global footprint to Ireland, one of the fastest growing economies in Europe. It has acquired an operating hotel in Ireland's capital city Dublin, the 136-unit Temple Bar Hotel, for EUR55.1 million (S$83.6 million). Located within Temple Bar, the vibrant cultural heart of Dublin's city centre, the property is close to museums, boutiques, restaurants, cafés, galleries and attractions such as the famous Dublin Castle, Guinness Storehouse and Jameson Distillery. Mr Lee Chee Koon, Ascott's Chief...