Ireland: CBRE Hotels has actually marketed Ballymascanlon House Hotel in County Louth to TMR Hotel Collection by Davy Real Estate for a concealed amount.
Ballymascanlon (referred to as the Ballymac) makes up 97 rooms and is set on 130 acres of park..
It has actually hosted significant events as well as visitors for many years, including The Beatles, George Best, Pavarotti, the Liverpool and also Spurs football groups, and also held the first Ecumenical meeting of the four primary churches of Ireland North as well as South, in addition to the first closet meeting outside of Dublin after the foot and mouth dilemma.
Oliver Quinn, managing director of Ballymascanlon House Hotel, said: “After three generations of possession, we have accepted sell the hotel. We have extensively appreciated working with as well as give thanks to an impressive team at the hotel during this duration and we have no doubt that the hotel will continue to grow under its new proprietors.”.
He continued: “The hotel has been a vital part of the Quinn Family life for 3 generations. We would love to take this possibility to say thanks to all our clients for their commitment for many years and want the brand-new owners every success right into the future.”.
Eimear Fox, supervisor of Davy Real Estate, said: “We are delighted to add the legendary Ballymascanlon House Hotel to the TMR Hotel Collection. This calculated financial investment will match our existing collection of 13 four-star and also five-star Irish resorts which includes Harveys Point, Aghadoe Heights, Connemara Coast Hotel, Mount Wolseley as well as Farnham Estate..
” As with all resorts obtained by TMR Hotel Collection, we prepare to invest in the company over time. Staff are the keystone of any type of excellent company, and also we extremely much look forward to functioning with all the dedicated and also specialized team of The Ballymac.”.
John Hughes, supervisor of CBRE Hotels, added: “The sale of the full-service four-star hotel offering extensive centers and also a platform to further create a top quality organization. The Ballymac is associated with organization in the North East region where the Quinn Family have, over generations, established a business with pride.”.
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