Apartment Hotel Group City ID Acquires Site In Dublin
Main Photo: The site as is
Date: August 2022
Name: TBC
Location: Capel Street/Little Strand Street, Dublin, Ireland
Number of Keys: 104 – mix of apartments
Seller: The site was a working mens club/shop/derelict site. CBRE acted for the sellers, a private consortium
Buyer: City ID, backed by Dutch APG and Australia’s Aware Super
Apartment hotel group City ID has announced the acquisition of a site on Capel Street in Dublin. The latest addition to its brand is the next step in its wider growth strategy across Europe and beyond.
The acquisition of the Capel Street site adds to City ID’s three locations in central Amsterdam and to it’s latest site in central London’s Victoria district. Together with pension provider APG and Aware Super, City ID is implementing its strategy of international growth. The goal is to invest more than €1 billion over the next five years to grow its international platform of apartment hotels across major European cities.
The Dublin property is located on the corner of Capel Street and Little Strand Street and will draw on Dublin’s architectural heritage, introducing a contemporary building with a fresh identity. The apartment hotel will offer 104 apartments with a diverse room mix. Each will feature fully equipped kitchens and living spaces, suited for short and long stays. The top floor will offer views over the river Liffey and southern Dublin, and the ground floor public area will include an open lobby, a neighbourhood deli, a bar and an extended wellness area accessible for hotel guests, local residents and neighbouring business workers.
Alexander Goad, CEO at City ID, said, “We love Dublin. It provides a wonderful chance for our group to express our vision of creating an urban oasis for our guests and the local community. With this fantastic new City ID location on the historically rich Capel Street, we aim to inspire our guests to experience the local life both inside and outside of the hotel. We’re thrilled that, with this fifth landmark in our portfolio, we continue our journey of building our platform across major European cities.”
Price: Undisclosed
THPT Comment: Hotel on the heels of their London announcement, City ID have secured a site in Dublin….well done
First Seen: Hospitality Ireland
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