Following its acquisition of the Aspect Hotel Kilkenny last week, Irish hotel management firm the PREM Group has announced its intention to open two new Premier Suites venues in mainland Europe, the first of which will open in Anthwerp this September, with the second launching in Amsterdam in late 2019.
Talking to The Sunday Independent, PREM chief executive Jim Murphy said, “The big push is into Northern Europe at this stage.”
He added, “Any future acquisitions will be done through our own cash resources and we may look at the possibility of a sale of a mature asset and use that cash to continue to grow the business.”
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.