Malahide’s Grand Hotel has been bought from the Ryan family in a huge €55 million deal.
The hotel, which was owned by the family for 50 years, is being taken over by Irish and Spanish group FBD Hotels and Resorts. Over 200 people are employed by the hotel which dates back to 1835.
As part of the acquisition, a major upgrade is planning for the 202-bedroom hotel and its facilities. It will see the Grand Hotel become part of a portfolio that includes Faithlegg Hotel in Co Waterford, the Heritage Hotel and Spa in Co Laois, Castleknock Hotel in Dublin and Killashee Hotel in Co Kildare.
The sale will be subject to the approval of the CCPC. It will bring the number of beds in FBH Hotels portfolio to 1,387 across Ireland and Spain.
FBDH&R Chief Executive, David Kelly said: “We are delighted to have reached agreement with the Ryan family. The Grand Hotel in Malahide is an iconic hotel located in one of Ireland’s most unique settings. We are honoured to be entrusted with the stewardship of this historic hotel, whose rich heritage and enduring legacy have made it a symbol of excellence in hospitality.
“The Ryan family and 200 strong team at the Grand have done an excellent job in preserving the timeless charm and traditions that have made it a venue of choice for many over the decades. We look forward to adding to this storied history. Our team has a proven track record in welcoming new colleagues and investing in opportunities for growth. Underpinned by a strong balance sheet, innovative team, and forward-focussed ownership, we look forward to further adding to the Grand Hotel as a treasured destination in the decades ahead.”
The Grand Hotel in Malahide has been bought from the Ryan family in a €55 million deal
The Ryan family said: “The Ryan family is proud to have been part of the remarkable history of this iconic hotel, which has stood as a beacon of hospitality and tradition for so many years. We extend our heartfelt gratitude to our loyal guests and dedicated team who have made this journey unforgettable.
“As we pass the torch to new ownership, we do so with confidence, knowing that the buyer’s vision, values, and record aligns with the legacy we have carefully nurtured. This transition marks an exciting new chapter for the hotel, offering new opportunities to be embraced and new dynamics for current and future customers to experience.”
For all the latest news from Dublin and surrounding areas visit our homepage.
Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. If you’re curious, you can read our Privacy Notice.