The owners of Dublin's Beacon Hospital are reportedly closing in on acquiring the neighbouring Beacon Hotel.
According to The Irish Times, the hospital is expected to close a deal to acquire the hotel shortly following several months of negotiations.
It is understood by The Irish Times that the discussions about the hotel's potential sale were prompted by an unsolicited approach by Beacon Hospital chief executive Michael Cullen to the MHL Hotel Collection.
When contacted for comment on the matter by The Irish Times, a spokesperson for MHL stated, "Given its smaller scale, suburban location and limited scope for expansion, The Beacon Hotel was never a strategic acquisition for MHL and was acquired in 2016 as part of a package with the Spencer and Morgan hotels. We have since added 40 bedrooms to both the other hotels, but saw no opportunity for expansion at The Beacon."
Increased Capacity And Expansion
Cullen declined to comment on the matter, however, it is understood by The Irish Times that the redevelopment of the hotel could result in the Beacon Hospital increasing its current capacity by 40% to 250 inpatient beds and expanding keys services and departments.
Sources expect the hospital's overall investment including the acquisition of the hotel to amount to approximately €75 million.
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