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 Marker Hotel, located at Grand Canal Dock, has 187 guest bedrooms.

German global real estate investment group Deka Immobilien is closing in on a deal to acquire Dublin’s five-star Marker Hotel for about €130 million.

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.

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