Further acquisitions planned as Collection grows to 14 of the leading four and five-star hotels in Ireland Multi-million investment planned at Ballymascanlon
TMR Hotel Collection is pleased to confirm it has concluded the purchase of the 97-bed, 130-acre four-star Ballymascanlon House Hotel and estate in Dundalk, Co. Louth.
Having acquired 3 hotels in 2019, Ballymascanlon House Hotel is TMR’s first hotel purchase since the onset of COVID-19 in March 2020. Further hotel acquisitions are planned over the coming years.
Ballymascanlon House Hotel has been acquired from the Quinn family for the TMR Hotel Collection by Davy Real Estate for an undisclosed sum and will be managed by Windward Management. It brings to 14 the TMR Hotel Collection’s portfolio of leading four and five star hotels in Ireland.
Ballymascanlon Estate is one of the most remarkable historical estates in Ireland dating back to 833A.D. Among the guests to have stayed at the hotel are George Best, Pavorotti, Adam Faith and Engelbert Humberdinck as well as football teams from Liverpool, Spurs and PSV. The Beatles dined at the hotel following their Dublin concert in 1963.
TMR Hotel Collection is now planning a multi-million euro investment to further enhance this iconic hotel, previously run by the Quinn family over three generations. Plans will focus on upgrading the bedrooms and Food & Beverage areas, infrastructure and investment in staff.
Post completion of planned investment at the Ballymascanlon House Hotel, the TMR Hotel Collection will comprise over 1,625 rooms and over 1,500 staff respectively.
Commenting, Eimear Fox, Director of TMR Hotel Collection (and Davy Real Estate – its representative in Ireland), said: “Ballymascanlon House Hotel is synonymous with the social and business life of the North East region and we are delighted to add it to our growing stable of luxury four and five-star hotels. Since acquiring our first hotel in 2014 each purchase has been followed by substantial investment and growth in visitor numbers and local economic impact. We hope to further build on the superb legacy of service and hospitality provided by the Quinn family over the past three quarters of a century.
“Ballymascanlon will strongly complement our existing regional spread of resort hotels including Harvey’s Point, Aghadoe Heights, Connemara Coast Hotel, Diamond Coast Hotel, Mount Wolseley and Farnham Estate. We remain interested in acquisition opportunities likely focused on regional resort destinations with a strong reputation for quality service” Ms Fox added.