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CATEX Reflects Buoyant Industry
CATEX, Ireland’s largest foodservice and hospitality event, returns to the RDS, Dublin from Tuesday ...

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Fellowship for Brian
Brian Bowler of the Montenotte Hotel, Cork was presented with an IHI Fellowship by Michael Mallon, c...

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Paul's Lifetime Achievement
Paul Boksberger was presented with a Lifetime Achievement Award at the IHI Founders Banquet

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Helen is a Fellow
Helen Fahy, head of quality and culture at The Doyle Collection receives her IHI Fellowship from Mic...

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CATEX Reflects Buoyant Industry
Fellowship for Brian
Paul's Lifetime Achievement
Helen is a Fellow

Lone Star Bows Out

 Texan private equity fund Lone Star has sold the final 25 hotels from its Amaris Hospitality portfolio, including the Hilton Garden Inn on Dublin’s Custom House Quay, to an Israeli-backed LRC Group for £600 million (€676 million).
 It brings to a close Lone Star’s near four-year foray into the Irish and UK hotel market with Amaris, following the sale in December of the portfolio’s Jurys Inn chain to Swedish investor Pandox for £800 million.
 The sale to LRC of the final tranche of 25 properties includes almost all of the non Jurys Inn-branded hotels in Amaris, which was run for Lone Star from Dublin by Irish hotelier John Brennan.
The Custom House hotel was once a Jurys Inn, before it was rebranded as part of a £100 million overhaul of Amaris portfolio led by Mr Brennan.
 The transaction also marks the debut in the Irish and UK hotel sector of LRC, a fund with its headquarters in Cyprus but founded and run by London-based Israeli investor Yehuda Barashi. His family have extensive interests in Israel in the property and construction industries.
 
 

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