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