Radisson Blu Galway sold for est. €50m

Date: October 2017

Location: Galway, Ireland – Wild Atlantic Way

Name: Radisson Blu Hotel & Spa, four star

No. of keys: 261

Seller: Jerry O’Reilly

Buyer: JV between Mr O’Reilly and MHL Hotel Collection

Price: €50m (estimated)

Price per key: €191,571

THPT Comment: Good continued growth for MHL who currently own 12 hotels in Dublin (making it the 2nd largest group in the city), Galway & Limerick, including The Westin, The Morgan, The Hilton and The InterContinental in Dublin. Stunning growth since 2012 when John Malone (Chairman of Liberty Media) came on board as a partner with John Lally and Paul Higgins.

First seen: Property EU