Seán Quinn’s Former Hilton Hotel in Prague is up for Sale

The Hilton Prague hotel, once a prized possession within former billionaire Seán Quinn’s expansive European business empire, is now on the market

The Hilton Prague hotel, once a prized possession within former billionaire Seán Quinn’s expansive European business empire, is now on the market under the supervision of the liquidators of the Irish Bank Resolution Corporation (IBRC), Kieran Wallace and Eamonn Richardson from Interpath Advisory.

Although CBRE Europe has not disclosed a specific asking price for the 791-room property, it is anticipated to attract bids reaching up to €290 million, positioning it as one of the most notable hotel sales in the European market this year.

Originally established in 1989 by the State-owned Czech company Čedok in collaboration with the French-owned CBC Paris, the hotel holds the distinction of being among the first structures in the then-emerging Czech Republic to have been funded using capital from Western Europe, as reported by the Czech publication e15.

Seán Quinn’s Quinn Group purchased the hotel, along with the 226-room Ibis Karlin Hotel, for €145 million in 2004, maintaining ownership and management until his business assets worldwide were placed under receivership on behalf of the IBRC in 2011.

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