The State is in discussions to buy the Citywest Hotel, as well as a number of other hotel properties, in deals which will reach hundreds of millions of euros, according to the Sunday Business Post.
The Citywest Hotel is owned by Tetrarch Capital and is a key property in the State’s refugee accommodation system. It would cost €100 million to purchase, commercial property sources have said.
Separately, the Department of Integration is in discussions with the Tifco Hotel Group, controlled Apollo Global Management, the US private equity firm, which has been key to the state’s emergency response to the refugee crisis.
Talks with the group, which leases rooms in several of its hotels to the state for refugee accommodation, are understood…
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