Ascott has expanded its global footprint to Ireland, one of the fastest growing economies in Europe, with the acquisition of the 136-unit Temple Bar Hotel in Dublin, for EUR55.1 million. Post Brexit, Dublin has stepped up efforts to encourage multinational companies to Ireland, one of the top three fastest growing economies in Europe.

This boosts Ascott’s EUR1.2 billion portfolio in Europe and takes the business closer to its target of 10,000 units in the region by 2020.

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