The Hilton Prague hotel, the one-time jewel in former billionaire Sean Quinn’s vast European business empire, has been put up for sale on behalf of the liquidators of the IBRC, Kieran Wallace and Eamonn Richardson of Interpath Advisory.
Developed originally in 1989 by the State-owned Czech company, Čedok, in partnership with the French-owned CBC Paris, the hotel bore the distinction of being one of the first buildings in the then nascent Czech Republic to have been financed using capital from western Europe according to the Czech publication, e15.
The Hilton Prague has long been acknowledged as one of Prague’s most prestigious venues. The hotel, which over the years has at various times, hosted three US presidents, namely Barack Obama, George W Bush and Bill Clinton, extends to a total area of 81,000 sq m and comprises 791 guest rooms along with six food and beverage outlets, leisure facilities and approximately 5,000 sq m of conference space. The hotel has had €50 million worth of investment in its rooms and facilities since 2018.