iNua Snaps Up Bill Cullen's Muckross

By Publications Checkout
iNua Snaps Up Bill Cullen's Muckross

Irish hotel investment company iNua Hospitality has acquired Muckross Park Hotel and Spa in Killarney for a price of €6.25 million.

The high price tag has not deterred the Cork-based hotel firm, which has been been favourite to scoop Muckross - the former business venture of Bill Cullen and Jackie Lavin - since late last year.

iNua bought two Radisson Blu hotels lastt year, one at Little Island in Cork for €8 million and another in Limerick for €3.5 million.

Muckross dates back to 1795 and is currently a five star rated hotel comprising of 68 bedrooms and 10 self-catering suites.

The sale was handled by estate agents DTZ Sherry Fitzgerald at the request of receiver Declan Taite of Duff & Phelps, who was appointed by ACC bank.