Hotels

Kangs Re-Open Kingsley

The Kingsley Hotel in Cork whic 001akingsley

h closed following flooding five years ago will reopen today following a €5m investment.

The hotel was damaged in the major floods that hit parts of the Cork city in 2009.

Its owners at the time, Tom McCarthy and Tom Kelly, were forced to close the hotel with the loss of 130 jobs. Late last year, it was purchased by the Kang family, who also own the Fota Island Resort, and they have just completed a major refurbishment.

27 Hotels sold for €132m.

The hotel markethas beenn very active in the first half of 2014 according to CBRE which has released data showing hotel property sales up 175% in the first six months of 2014 compared with the same period last year. The value of sold properties was €132m — up from €48m in the opening half of 2013.

Some 27 hotel property sales have been concluded this year compared to 13 a year ago.

Hotels sold include the Hilton Hotel at Charlemont Place in Dublin for €30m; Doonbeg hotel and golf resort, Co Clare, for €15m; and the Dublin Airport Clarion Hotel for €15m. and Charleville Park and Oriel House hotels both in Cork.

MHL completes Fitzpatrick deal

The MHL Hotel Collection has completed the acquisition of three Dublin hotels – the Spencer , the Morgan and the Beacon - from the Fitzpatrick Lifestyle Hotel group. Following these acquisitions MHL will become the largest owner of five and four star hotels (by number of bedrooms) in Dublin City centre.

MHL (previously the John Malone Partnership) involves John Malone (Chairman, Liberty Media and Liberty Global), Paul Higgins and John Lally. All of the Collection’s individual hotels will continue to trade under their existing names and brands, and the rebranding of the hotel group is currently nearing completion. MHL is now the second largest hotel group in Dublin city with over 1,150 five and four star bedrooms, all in prime locations.

Limerick Radisson Sold

Hotel investor iNua hospitality has bought the Radisson Blu Hotel and Spa outside Limerick for €3.5m.

The deal secures close to 60 jobs at the hotel, which had been in receivership for just over a year.

The hotel will be taken over as a going concern.

The deal is iNua's second in Munster in the last year. It previously had acquired the Radisson Blu hotel in Little Island in Co Cork.

Built in 1970 and refurbished in 2002, the 154-bedroom hotel sits on 20 acres of grounds close to Thomond Park and a number of golf clubs including Doonbeg and Lahinch.

Keadeen Upgrades Garden

The entrance to the four-star Keadeen Hotel in Newbridge, Co. Kildare has just been awoken by a transformation of its avenue and main road frontage by Caragh Nurseries

keadeen

The planting has been inspired by some of the shapes and colours that are already in the existing garden, but have been done in a much more modern and contemporary fashion. The linear shape of the avenue paired with circular and conical shapes help draw the eye from the roadway to the elegant entrance of this unique hotel.

Already renowned for its 8 acres of gardens, the entrance to the Keadeen Hotel lay quietly understated, and the O’Loughlin family , felt that the previous entrance didn’t reflect the style of the property as it is now, and wanted to create a contemporary, verdant space that combined the old with the new. Indeed, the property as a whole is moving into the next generation. Established in 1970, the Keadeen is the oldest family-run hotel in County Kildare, originally managed by the late Joe O’Loughlin and his wife Rose, who continues to be at the fore-front of the business, and now their children Anna and Joseph have taken up management roles.