In 2014, Kennedy Wilson acquired the debt secured by the landmark Shelbourne Hotel for $152M in a complex transaction involving multiple sellers.
Originally founded in 1824, the Five Star landmark Shelbourne Hotel is located in Dublin’s prime Central Business District on St. Stephen’s Green and is comprised of 265 rooms, including 19 suites. Additionally, there are 12 meeting rooms, two bars, a restaurant, and a health club which includes a newly renovated spa and swimming pool. For nearly two centuries, The Shelbourne has played a significant role in the literary, social, political, culinary and artistic traditions of Irish society. In 1922 the Irish constitution was drafted at The Shelbourne, chaired by Michael Collins, and one of the two original copies are to be found in the Constitution Suite.
In 2016, Kennedy Wilson completed a significant refurbishment of the exterior facade. Kennedy Wilson's value-add asset management program includes additional improvements to be completed such as an extensive interior renovation of all suites, Deluxe Park view rooms, corridors and the historic Staircase, and a redesign and refurbishment of the reception and lobby.