Dean Hotel Group paid €18m for U2's Clarence Hotel

New owners of Dean Hotel Group currently planning to triple the size of The Clarence Hotel to 162 rooms

U2 delivered a live performance from the Clarence Hotel rooftop of their song Beautiful Day for BBC's Top of the Pops in the year 2000. The Dean Hotel Group purchased the hotel in 2023. Picture: PA Photo/Neil Fraser

The Dean Hotel Group paid out €18.07m for a Clarence Hotel company co-owned by U2’s Bono and The Edge in October 2023, according to new accounts for the owner and operator of former U2 hotel, The Clarence Hotel, Vision Swipe Ltd.

In October 2023, the Paddy McKillen Jnr and Matt Ryan-led Dean Hotel Group secured a €43.5m loan from UK based Leumi UK Group Ltd to finance the purchase of the Clarence Hotel and the adjacent Dollard House from Bono, The Edge, and Paddy McKillen Snr and finance its expansion.