This article is from page 11 of the 2008-02-05 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 11 JPG
It’s believed that the €40 million price tag was put on the hotel last week in a deal which sees Brian Brennan of Brennan Hotels become the new owner of the Dublin Hotel.
Brennan Hotels has four properties in Tipperary, Kilkenny, Meath and Wicklow.
The Lynch family bought the land- mark property in 2003 for €11 mil- lion. They went ahead with a mas-
sive redevelopment which saw room numbers almost double to 270, with the addition of a swimming pool and spa facilities. The redevelopment is believed to have cost €30 million.
In a statement, Lynch Hotels said that it will now focus on operating its properties in the west of Ireland. These include the upmarket Breaffy House hotel near Castlebar in Mayo and the West County Hotel in Ennis.
After the deal, Brian Brennan said “our business focus is commercial and leisure and the Green Isle is ide- ally suited to our expanding needs and requirements and is an ideal ac- companiment to our business mod- el.”