Ryans Sell Grand for €55 Million

FBD Hotels and Resorts has agreed to buy the Grand Hotel in Malahide, Co Dublin, in a deal worth €55 million.

The Irish and Spanish-based property group owns and operates four hotels in Ireland - Faithlegg Hotel in Waterford, the Heritage Hotel and Spa in Laois, Castleknock Hotel in Dublin, and Killashee Hotel in Kildare.

The Grand Hotel, which employs over 200 people, dates back to 1835 and has been in the ownership of the seller, the Ryan family, since 1974.

FBD H&R has signalled that it plans to invest in upgrading the hotel, including dining facilities, conference, wedding and leisure offerings, as well as IT infrastructure, marketing and professional development.

“As we pass the torch to new ownership, we do so with confidence, knowing that the buyer's vision, values and record align with the legacy we have carefully nurtured,” the Ryan family said.

FBD H&R was advised on the transaction by CBRE, while the Ryan Family was advised by JLL.

The agreement is subject to approval by the Competition and Consumer Protection Commission (CCPC).