SHELBOURNE DUBLIN DEBT SOLD

It was reported this week that Californian real estate and investment firm Kennedy Wilson is to pay Irish Bank Resolution Corporation and Bank of Ireland US$151 million for loans secured against a hotel in Dublin city centre, Ireland. The hotel in question, the 265-room The Shelbourne Dublin, A Renaissance Hotel, has hosted many a famous face during its 190 years of operation, including John Wayne, Charlie Chaplin, John F. Kennedy and, more recently, America’s first lady, Michelle Obama, and her daughters. The historic property was also the location for the drafting of the Irish Constitution in 1922.

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