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A spokesman said that the 143 employees at the hotel, which currently has 86 bedrooms, will be retained and that as the business expands there is every possibility of staff numbers increasing.

The hotel is set on 500 acres in Thomastown, County Kilkenny and features and equestrian centre and a Jack Nicklaus designed golf course.

Brehon Capital Partners director Damien Gaffney said: “This is the third hotel investment that Brehon has made, and our successful experience with the Marker Hotel in Dublin and Powerscourt Hotel in Wicklow gives us great confidence in the luxury end of the Irish hotel market.”

Marker residence sale

Earlier this year, Brehon Capital Partners announced its intention to sell a number of apartments and commercial units connected to the Marker Hotel for around €40 million.

A source close to the process said that the private equity player was confident that the sale will exceed the initial guide price, with 15 parties already interested in the properties.

There will be a second round of bidding of some description, with the vendor hopeful of completing a sale before the end of the month.

Read: Marker to market for €40 million>

Read: Nama is selling the biggest-ever portfolio of Dublin apartments for €160 million>