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Brehon, Midwest buy Killashee for E13m

Tuesday, August 19 14:26:08

Brehon Capital Partners and Midwest Holding have acquired Killashee House Hotel for E13 million.

Under a scheme of arrangement approved in the High Court today, the new owners will take over the hotel as a going concern effective from midday on 21st August, retaining over 180 staff currently working at the hotel.

Killashee House is a 141 bedroom four star hotel and spa set in extensive mature gardens and parkland near Naas, Co.Kildare.

Commenting on the acquisition Michael McElligott, Director of Brehon Capital Partners said: "We are delighted to be the new owners of this fabulous property and plan to invest in growing a business that is trading very strongly. With over 160 weddings hosted at Killashee in 2013 it is a clear destination of choice for couples looking for a special location close to Dublin."

"This is the fifth hotel acquisition that Brehon has made, and we have great confidence in the luxury end of the Irish hotel market. Brehon will continue to seek out investment opportunities across the office, hotel and multi-family segments of the market."

For more visit: www.businessworld.ie