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CBRE Hotels has confirmed the sale of Ballymascanlon House Hotel Dundalk, Co. Louth, in an off-market transaction on behalf of the Quinn Family.
The hotel is being acquired for the TMR Hotel Collection by Davy Real Estate for an undisclosed sum.
Ballymascanlon House Hotel features 97 bedrooms and is set on 130 acres of parkland, with its Victorian house providing a “luxurious arrival” to the hotel. The Ballymascanlon Estate is one of the most “remarkable” historical estates in Ireland dating back to 833 A.D. The hotel is located on the popular Cooley Peninsula in close proximity to the Mourne Mountains.
Oliver Quinn, managing director, Ballymascanlon House Hotel said: “After three generations of ownership, we have agreed to sell the hotel. We have thoroughly enjoyed working with and thank an outstanding team at the hotel during this period and we have no doubt that the hotel will continue to thrive under its new owners.
“The hotel has been an important part of the Quinn Family life for three generations. We would like to take this opportunity to thank all our customers for their loyalty over the years and wish the new owners every success into the future.”
Eimear Fox, director Davy Real Estate, said: “We are delighted to add the iconic Ballymascanlon House Hotel to the TMR Hotel Collection. This strategic investment will complement our existing collection of 13 four-star and five-star Irish hotels which includes Harveys Point, Aghadoe Heights, Connemara Coast Hotel, Mount Wolseley and Farnham Estate.
“As with all hotels acquired by TMR Hotel Collection, we plan to invest in the business over time. The “Ballymac” is a very successful business with a widely held reputation for excellence in standards and service.”
He added: “We look forward to welcoming long standing and new guests and building on the reputation of the business while maintaining the highest standards of service achieved by the Quinn family. Staff are the cornerstone of any good business, and we very much look forward to working with all the loyal and dedicated staff of The Ballymac.”
John Hughes director CBRE Hotels concluded: “The sale of the full-service four-star hotel offering extensive facilities and a platform to further develop a quality business. The Ballymac is synonymous with business in the North East region where the Quinn Family have, over generations, developed a business with pride”
