Wicklow's Ritz-Carlton Rebranded As Powerscourt Hotel
Published on Oct 1 2013 10:53 AM in Hotel
The five star Ritz-Carlton in Wicklow will from today onwards trade as The Powerscourt Hotel as part of its new owner's rebranding.
An examiner was appointed to the hotel last year and following a complex restructuring, it was sold earlier this year to Brehon Capital Partners, a Dublin based property investor, and Midwest Holdings, an international property investor for an undisclosed sum.
The rebranding follows similar moves this year by other Ritz-Carlton hotels in Vancouver, Sydney and Jamaica.
It has been reported that the new owners purchased the Wicklow hotel for €1 million, and that the property’s estimated debts of €80 million have been wiped. However, BCP have disputed the sale price, commenting that it was “way off”.
The 200 room hotel was built by Treasury Holdings and opened just as the Irish economy was tanking in 2007.
It once boasted a Gordon Ramsay signature restaurant but that is being replaced by the new Sika restaurant.