The Dean Hotel Group acquired the Clarence Hotel for €18.07m in cash as part of a total €28.37m investment.
U2’s Bono and The Edge ended their ownership connection with the Clarence Hotel after over three decades.
The Clarence Hotel generated revenues of €6.65m in 2023, including €3.82m from room accommodation.
Lifestyle Hospitality Capital obtained a majority stake in the Dean Hotel Group in March 2024.
Planning applications have been submitted to Dublin City Council to increase the hotel’s capacity from 58 to 162 rooms.
