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THE MOUNT JULIET resort and golf course in County Kilkenny has been sold by Killeen Group Holdings to Brehon Capital Partners and businessman Emmet O’Neill.
The price tag for the hotel is believed to be in the region of €15 million.
The new owners are planning a refurbishment of the hotel and attached spa that will cost between €3 million and €5 million, and is set to be completed at some stage during 2015.
The operation of the hotel will not be affected by construction works, which will also see the addition of between 30 and 40 new rooms.
Jobs
A spokesman said that the 143 employees at the hotel, which currently has 86 bedrooms, will be retained and that as the business expands there is every possibility of staff numbers increasing.
The hotel is set on 500 acres in Thomastown, County Kilkenny and features and equestrian centre and a Jack Nicklaus designed golf course.
Brehon Capital Partners director Damien Gaffney said: “This is the third hotel investment that Brehon has made, and our successful experience with the Marker Hotel in Dublin and Powerscourt Hotel in Wicklow gives us great confidence in the luxury end of the Irish hotel market.”
Marker residence sale
Earlier this year, Brehon Capital Partners announced its intention to sell a number of apartments and commercial units connected to the Marker Hotel for around €40 million.
A source close to the process said that the private equity player was confident that the sale will exceed the initial guide price, with 15 parties already interested in the properties.
There will be a second round of bidding of some description, with the vendor hopeful of completing a sale before the end of the month.
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The Greens will be struggling to survive after the madness they have put us through since they got into power.
@Red Line: Can’t you not focus on the subject being discussed instead of taking potshots?
Take your frustration out in the polling booths instead of ruining the comments thread. The destruction of nature threatens our very existence.
@Ollie O’Cleirigh: The Greens are fake environmentalists. For example they approve of mass immigration, no matter of the impact on Ireland’s carbon footprint.
@Ollie O’Cleirigh: public discourse is far more important than voting even though both are important. The greens have set back the green agenda in Ireland for decades with lazy and incompetent political leaders and party members. They constantly commentate on our emissions and come up with no strategy as to how to mitigate them. Not one word from them on nuclear power and investment in our grid which cannot even connect new wind farms as its totally ineffective and at its capacity already. Then when asked about public they talk about hydrogen trains when electric trains would transform the islands public transport. Bicycle lanes painted on the side of roads and south facing window boxes. They are done. Get them out. Impoverishing the poor further particularly rurally will not help.
@Allora: 100%. There a bunch of amateur politicians that got lucky in the last election.
Malcom why is your so called Green party destroying wildlife habitats ,biodiversity killing trees wasting millions of taxpayers money at Lough Funshinagh flood crisis causing the demolition and flooding of homes farmyards and villages in a National housing crisis !! By not allowing the lake return to its natural level!!! Is there a hidden agenda ?
Well said Malcolm. Green policies are becoming accepted in most governments and we need a brave voice.
Just how committed is the government to preserving what’s left of our biodiversity? It allows coursing clubs to capture thousands of our native hares, supposedly a protected species, for the purpose of setting dogs on them. If that can happen to an iconic species that conservationists have dubbed the “Flagship of Irish biodiversity”, then how serious can our leaders be about saving our wildlife heritage? The image of a hare having its bones crushed or being tossed into the air by a coursing dog could aptly represent the attitude of this government to the wild creatures that share the island with us.
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