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 <title>NY Observer &gt; The Shelbourne Hotel</title>
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 <description>Articles from Observer.com</description>
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 <title>Plaza Watch! Irish Hotelier&#039;s Nine Million Lucky Charms </title>
 <link>http://www.observer.com/2008/real-estate/plaza-watch-irish-hotel-magnate-boys-9-million-condo</link>
 <description><![CDATA[<!--paging_filter--><p><span class="articleheadline">The Irish equivalent of the Plaza is the Shelbourne Hotel, give or take a couple hundred condos. </span><br />
<p class="MsoNormal"><span class="articleheadline">Built in 1824, in a landmark building overlooking a park in the heart of Ireland's capital, the Shelbourne has had a long reign as what <em><a href="http://travel2.nytimes.com/2006/06/04/travel/04goingto.html">The New York Times</a></em> called &quot;the princess of Dublin hotels.&quot; Like the Plaza, the 225-room hotel never lost its cache with tourists, even as more luxurious competitors popped up and service started to decline--<a href="http://www.independent.ie/national-news/top-hotel-from-5star-to-nostar-149792.html">in October 2004</a>, an Irish court ruling stripped the Shelbourne of its five-star status, and the hotel decided to become unclassified. </span></p>
<p class="MsoNormal"><span class="articleheadline">A few months later, Irish oil magnate/hotelier John Sweeney swooped in with a consortium of investors and bought the down-at-the-heels hotel for 120 million Euros and promised to restore it to its former splendor with a 40 million Euro makeover. <span class='read-more'><a href="http://www.observer.com/2008/real-estate/plaza-watch-irish-hotel-magnate-boys-9-million-condo">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/real-estate/plaza-watch-irish-hotel-magnate-boys-9-million-condo#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/51814">Elad</category>
 <category domain="http://www.observer.com/taxonomy/term/24219">John Sweeney</category>
 <category domain="http://www.observer.com/taxonomy/term/50081">The Plaza</category>
 <category domain="http://www.observer.com/taxonomy/term/55921">The Shelbourne Hotel</category>
 <pubDate>Wed, 16 Jul 2008 15:16:15 -0400</pubDate>
 <dc:creator>Lysandra Ohrstrom</dc:creator>
 <guid isPermaLink="false">71977 at http://www.observer.com</guid>
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