TMR Hotel Collection has confirmed that it has concluded the purchase of the 97-bed, 130-acre four-star Ballymascanlon House Hotel and estate in Dundalk, Co. Louth.
Details
Having acquired three hotels in 2019, Ballymascanlon House Hotel is TMR's first hotel purchase since the onset of COVID-19 in March 2020. Further hotel acquisitions are planned over the coming years.
Ballymascanlon House Hotel has been acquired from the Quinn family for the TMR Hotel Collection by Davy Real Estate for an undisclosed sum and will be managed by Windward Management. It brings to 14 the TMR Hotel Collection's portfolio of leading four and five star hotels in Ireland.
TMR Hotel Collection is now planning a multi-million euro investment to further enhance Ballymascanlon House Hotel. Plans will focus on upgrading the bedrooms and food & beverage areas, infrastructure, and investment in staff.
Post completion of planned investment at the Ballymascanlon House Hotel, the TMR Hotel Collection will comprise over 1,625 rooms and over 1,500 staff respectively.
Statements By Director of TMR Hotel Collection
Director of TMR Hotel Collection (and Davy Real Estate - its representative in Ireland) Eimear Fox stated, "Ballymascanlon House Hotel is synonymous with the social and business life of the north-east region and we are delighted to add it to our growing stable of luxury four and five-star hotels. Since acquiring our first hotel in 2014 each purchase has been followed by substantial investment and growth in visitor numbers and local economic impact. We hope to further build on the superb legacy of service and hospitality provided by the Quinn family over the past three quarters of a century."
Fox added, "Ballymascanlon will strongly complement our existing regional spread of resort hotels including Harvey's Point, Aghadoe Heights, Connemara Coast Hotel, Diamond Coast Hotel, Mount Wolseley and Farnham Estate. We remain interested in acquisition opportunities likely focused on regional resort destinations with a strong reputation for quality service."
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