€11 Million Refurb for PREM Group Hotels
PREM Group, the Dublin based international hotel and property management company, is investing over €11 million in the three Irish hotels it has purchased within the past two years. Extensive refurbishment programmes have already begun at the four star properties – the Osprey Hotel and Spa, Kildare; Tulfarris Hotel and Golf Resort, near Blessington, Co Wicklow and the Cahernane House hotel in Killarney. All properties will remain open throughout the refurbishment with the most significant work being undertaken during the off-peak season to avoid disruption to guests.
Extra bedrooms will also be added at all three properties, subject to planning permission, along with new ultra-modern spa facilities at the Osprey and Tulfarris resorts. The €3.6 million programme at Tulfarris Hotel and Golf Resort also includes extensive work on the hotel’s 18 hole championship golf course.
Announcing details of its major investment programme, Jim Murphy, Chief Executive, PREM Group said: “All three properties are already benefitting from the continued recovery in the domestic leisure and corporate sectors combined with the growth in overseas visitor numbers. This programme will solidify their positions among the leading hotels in their regions.”
PREM Group’s current accommodation portfolio spans Ireland, Belgium, France, Germany, Netherlands and the UK, with more than 3,500 guest rooms and 1,500 employees. It owns, manages or leases 45 hotels and serviced apartments ranging from city-centre budget hotels to 4 star business hotels and luxurious resort. The highly diversified company also includes Trinity Hospitality Services, a provider of bespoke centralised purchasing, sales, marketing, IT services to over 500 hotel clients across Europe.