German fund closes in on €130m purchase of five-star Marker Hotel
The Marker Hotel, located at Grand Canal Dock, has 187 guest bedrooms.
The sale of the hotel by CBRE follows several reverse inquiries in recent years from prospective purchasers to its current owners, Midwest Holding AG, and an investor group led by Kevin McGillycuddy’s Brehon Capital Partners.
Deka’s purchase of the Marker Hotel comes just two years on from its acquisition for €87 million of the four-star Gibson Hotel at Point Square in Dublin’s north docklands.
Located at Grand Canal Dock, the Marker Hotel comprises 187 guest bedrooms. In terms of amenities, the hotel’s current offering includes the Brasserie and Marker Bar, luxurious spa facilities, the Marker Rooftop Bar & Terrace and extensive conference and banqueting rooms.