The hotel will be the first Marine and Lawn Hotels and Resorts property in Northern Ireland and the fourth hotel in the collection, set to join Rusacks St Andrews, Scotland; Marine North Berwick in North Berwick, Scotland; and Marine Troon in Troon, Scotland, launched in March 2021.
The group revealed the hotel will continue to operate in its current form through summer 2022 and renovations to the property are set to begin in October 2022, culminating in the spring of 2023.
Howard Hastings, managing director of Hastings Hotels, said: “This investment is a strong sign of confidence in the local market by a major international hotel operator with exciting ambitions for the Slieve Donard in the coming years.
“I have every confidence that AJ Capital Partners will be sympathetic to the heritage of the hotel and that, under their leadership, it will continue to flourish and maintain its reputation as an iconic destination in Northern Ireland.”
Marine and Lawn Hotels and Resorts is a collection of luxury hotels located in the world’s most premier golf destinations.