Shelbourne Hotel in Dublin sold to Archer Hotel Capital

News Snapshot:

The five-star Shelbourne Hotel in Dublin has been sold to European investor Archer Hotel Capital, which also owns the Conrad Hotel on the other side of St Stephen’s Green. The deal was confirmed last night by its owner Kennedy Wilson in a stock market filing. Ciarán Hancock has the details. Apple’s main Irish subsidiary recorded a rise in profits last year. New accounts indicate revenue at Cork-registered Apple Operations International fell 1.8 per cent to $218.9 billion from $222.8 billion a year earlier. However both pretax income and net income for the year were up. AOI covers most of the...