Tuesday, September 18 08:08:39
Irish hotel group Doyle Collection has decided to sell two of its properties in Washington DC in the United States. The Irish Times has learned that the Doyle Collection has decided to put the Marriott Courtyard Hotel and the Normandy Hotel on the market though estate agents CBRE. It plans to retain the 327-bed Dupont Circle Hotel in the US capital. This hotel was refurbished in recent years for $52 million (E39.7 million). The decision to sell the hotels follows a strategic review of its 11-strong portfolio by the Doyle Collection. The group has decided to focus on large, wholly owned and operated luxury hotels in major cities.
It is understood that the group is keen to add another property to its portfolio in London, where it already has three hotels. It currently owns and operates the Bloomsbury, the Kensington and the Marylebone hotels in London. Selling the Washington DC properties would release funds that could be used for such an acquisition. The Normandy and the Marriott were both acquired by the former Doyle hotel chain, before its merger with Jurys and subsequent rebranding by the current owners - members of the Doyle and Beatty families.
The Normandy was acquired in 1982, while the Marriott Courtyard followed in 1992. Both were last refurbished by the Irish hotelier in 2008.