Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

AP/Press Association Images
Show Me The Money

This US billionaire has just bought ANOTHER Irish hotel

We guess he likes it here.

A US BILLIONAIRE with a penchant for Irish property has just bought another one of the country’s hotels.

John Malone, alongside his JMP partners Paul Higgins and Lalco, has agreed to purchase the InterContinental Hotel in Ballsbridge, Dublin (formerly the Four Seasons Hotel) from London and Regional Property, for an undisclosed sum.

The partnership and InterContinental Hotel Group will invest over €5 million “to further enhance the experience of visitors to Dublin’s premier five-star hotel”, according to a statement released today.

The deal still needs to be approved by the Competition and Consumer Protection Commission, but is the expected to be completed within 30 working days.

Malone, the biggest private landowner in the US, already owns the five-star Westin Hotel, as well as the Trinity City Hotel, The Hilton Dublin and the Limerick Strand Hotel.

ic lounge The InterContinental lobby IHG.com IHG.com

The InterContinental Hotel, which had traded as the Four Seasons Hotel since it opened in 2001, was acquired by London and Regional in mid-2011.

The hotel’s name was changed in January. It features 197 guest rooms including 58 suites, an indoor swimming pool, a spa and fitness centre, two restaurants, two bars, meeting rooms and a 15,000 square foot ballroom.

Higgins said John Malone and partners are “thrilled to be associated with a hotel that holds such a special place in the hearts and minds of discerning visitors to Dublin”.

Who is this US billionaire who is buying up half of Ireland’s hotels?

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
21
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.