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Interstate Adds The Marker Hotel in Dublin
Thursday, May 24, 2012
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Interstate Hotels & Resorts today announced that it has entered into a management agreement for The Marker, Dublin’s newest luxury hotel and apartment complex. Located in the heart of the city’s new business and cultural district at Grand Canal Dock, the 187-room hotel is anticipated to open in early 2013. The Marker Hotel is owned by Brehon Capital Partners, a real estate private equity firm, together with Midwest Holdings, its investment partner. It is the 27th managed or signed hotel agreement in Europe for Interstate Hotels & Resorts, and joins other Interstate-managed or signed world-class independent hotels and resorts such as Éilan Hotel Resort & Spa, Texas; J Hotel at Shanghai Tower, China; the Rajasthali Resort & Spa, India; Streamsong, Florida; and The Charles Hotel at Harvard Square, Massachusetts.
“Interstate is well-versed in the nuances of managing high end boutique hotels and destination resorts worldwide. We consider it a tremendous accomplishment and a testament to the results we’ve achieved to receive this vote of confidence with a new owner to manage what will ultimately set the standard of luxury hospitality in Ireland,” said Jim Abrahamson, Interstate’s chief executive officer.
The stylish hotel, which will be part of the Leading Hotels of the World® family, will span eight floors of a landmark building and include executive suites and penthouse offerings. The Marker will feature a ground floor restaurant and bar, a spa with a 75-foot (23-metre) infinity pool, four treatment rooms and 84 residential apartments.
“Dublin continues to serve as a major European capital destination,” said Leslie Ng, Interstate’s chief investment officer. “A landmark hotel like The Marker, well-suited to attract both business and leisure travelers, will play an important role in Dublin’s luxury market. Situated near significant demand drivers such as the financial, technology and entertainment districts, The Marker will quickly become a leader in the market.”
Said Ng, “We look forward to expanding our relationship with Brehon Capital Partners. As we further execute our global expansion strategy, we will continue to seek out opportunities for world-class destination hotels and resorts like The Marker.”
The Marker is immediately adjacent to the International Financial Services Center (IFSC), the Convention Centre Dublin (CCD), and the city’s growing technology quarter now commonly known as “Silicon Docks”. For leisure guests, the Docklands is home to Dublin’s newest cultural venues, the Grand Canal Theatre and the O2 while the Aviva Stadium is within walking distance.
The South Dockland’s master development is a mixed-use, riverfront revitalization effort that combines major corporate headquarters, convention space, residential developments, and arts, entertainment and dining venues on the River Liffey and the Grand Canal Dock in Ireland’s capital city.
About Brehon Capital Partners
Brehon Capital Partners is a real estate private equity firm that specializes in residential and commercial real estate development and asset management as well as loan restructuring and recapitalizations of real estate credits on behalf of a small, strategically aligned group of private and institutional investors. Brehon’s focus is on hotel, leisure and residential opportunities in Ireland, the UK and Central / Eastern Europe.
About Interstate Hotels & Resorts
Interstate Hotels & Resorts, Inc., a wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels and resorts, conference centers and independent hotels worldwide. Interstate and its affiliates manage and/or have ownership interests in nearly 400 hotels with more than 70,000 rooms in North America, Europe and Asia-Pacific. The Company has ownership in 57 of those hotels, including six wholly owned hotels. In addition, Interstate has executed agreements to manage 41 hotels with nearly 8,000 rooms under construction or development throughout the world. The company’s global management platforms provide owners and developers a successful combination of large-scale resources, international expertise, owner and brand relations, and comprehensive world-class operations.
For more information, visit www.interstatehotels.com. Connect with Interstate at www.linkedin.com/company/interstate-hotels-&-resorts, www.facebook.com/InterstateHotels, and http://jobs.interstatehotels.com.
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