Alanis Capital is set to purchase Galway's Meyrick and G hotels in a deal that's worth over €40 million.
A company controlled by Alanis Capital called Havenhigh is raising debt from Ulster Bank and Cardinal Capital to finance the acquisition of the two venues from Deutsche Bank-controlled company Waltzfire, according to The Sunday Times.
Locations
The five-star G Hotel is situated on Old Dublin Road in Galway city, while the four-star Hotel Meyrick, which was formerly known as the Great Southern Hotel, is located at the city's Eyre Square.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
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