Liberty Global’s John Malone and two other businessmen have bought Fitzpatrick Lifestyle Hotels for more than €150 million.

Mr Malone, property developer John Lally and former stockbroker Paul Higgins own the Westin and InterContinental hotels in Dublin along with properties in Galway and

Fitzpatrick Lifestyle and its backer, London-based Patron Capital Partners, confirmed that the three had won the race to buy its three Dublin hotels, the Beacon, Morgan and Spencer, which it put onn the market  earlier this year. Limerick.

Neither side revealed details of the price, but it is understood that the winning bid was a little more than €150 million.

The three hotels will continue to trade under their current brands and under the charge of their existing managements.