By Gaurav Raghuvanshi

SINGAPORE--CapitaLand Ltd. (C31.SG) Friday said its serviced residences unit, The Ascott Ltd., has bought an operating hotel in Ireland's capital Dublin for 55.1 million euros (US$57.4 million).

Ascott will buy the 136-unit Temple Bar Hotel in the city's center, the Singapore developer said in a statement to Singapore Exchange.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

(END) Dow Jones Newswires

December 15, 2016 19:20 ET (00:20 GMT)

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