The Irish hospitality investment company have signed contracts for the purchase of the award-winning, 5-star Muckross Park Hotel and Spa in Killarney for a sum in excess of €6 million v ia selling agents DTZ Sherry FitzGerald. This acquisition will expand their hotel asset portfolio after previously purchasing the Radisson BLU hotels in both Cork for €9 million and Limerick for €3.5 million in the last 18 months.

The award-winning hotel, which has 68 bedrooms and 18 self-catering apartments, and is located in the Killarney National Park, is the oldest hotel in Killarney, dating back to 1795. In 2006, the property saw significant redevelopment following a multi-million investment in the hotel and spa. Over the last three years, spearheaded by experienced General Manager Sean O’Driscoll, the hotel has established itself as one of the country’s leading five-star hotel resorts, developing a loyal following for its luxurious accommodation, food, service and friendliness.

The management team & staff at Muckross Park Hotel will remain uninterrupted by the deal and iNua Hospitality plan to build on the many plaudits and awards that they have won in the past. In 2014, it scooped a ‘Tripadvisor Top 15 Luxury Hotels in Ireland’ award, as well as World Luxury Spa Award 2014, ISIA Gold Medal for Accommodation Excellence 2014, Best Gastro Pub in Munster 2014, an AA Rosette for its Yew Tree Restaurant and was named Munster Wedding Venue in 2012 by Southern Brides. All current wedding contract terms with customers will remain the same and all deposits are secure as previously advised by the hotel.

The acquisition is consistent with iNua Hospitality strategy in investing in well-located, four and five star profitable hotels and will significantly strengthen their overall position in the Irish hotel market. Update; iNua Hospitality completed the purchase on the 19th of February, 2015.