The O\u2019Callaghan Family Group has returned to the acquisition trail, taking ownership of the Hotel Kilmore in Cavan. <\/p>\n
While the price paid by the group to the 74-bedroom hotel\u2019s outgoing owners, the Mealiff family, has not been disclosed, The Irish Times understands from market sources that the Kilmore secured \u20ac11 million, or an average of \u20ac148,648 per key, in the off-market deal. <\/p>\n
News of the transaction comes just over 16 months after the O\u2019Callaghan Family Group completed its purchase of the 69-bedroom Keadeen Hotel in Newbridge, Co Kildare, from its longstanding owners, the O\u2019Loughlin family. The group\u2019s growing portfolio includes the Fairways Hotel and the Gateway Hotel in Dundalk, Co Louth.<\/p>\n
Located in a high-profile position on the Dublin Road on the approach to Cavan town centre, the Hotel Kilmore comprises a contemporary 74-bedroom hotel offering twin and triple occupancy. The four-star hotel\u2019s guest accommodation is complemented by the Annalee Restaurant and the Killykeen Bar. <\/p>\n
The hotel is a popular wedding banquet venue. It also features two large conference suites and two smaller meeting suites. The larger of these, the Shantamon Suite, can accommodate up to 500 delegates theatre-style while the smaller Sheelin Suite can accommodate up to 200 delegates, also theatre-style.<\/p>\n
In a statement confirming its purchase of the Cavan hotel, the O\u2019Callaghan Family Group said its focus would be \u201con continuity, guest experience enhancement and community \u2013 ensuring that Hotel Kilmore\u2019s proud reputation for exceptional hospitality, weddings, events and guest experiences continues to thrive\u201d.<\/p>\n
The Mealiff family, who had owned the hotel since 2005, said: \u201cWe are incredibly proud of Hotel Kilmore\u2019s success over the past 20 years. We are so pleased to have found a business that shares our values and aims to further build on our success.\u201d<\/p>\n
John Hughes, of CBRE\u2019s hotel division, brokered the deal on behalf of the Mealiff family. \u201cThe sale of the landmark Hotel Kilmore Cavan confirms the continued strength of interest from expanding Irish hotel groups,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"The O\u2019Callaghan Family Group has returned to the acquisition trail, taking ownership of the Hotel Kilmore in Cavan.…\n","protected":false},"author":2,"featured_media":202416,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,42554,62843,18,6600,19,17],"class_list":{"0":"post-202415","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-cavan","10":"tag-cbre","11":"tag-eire","12":"tag-hotels","13":"tag-ie","14":"tag-ireland"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115619916086288750","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/202415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=202415"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/202415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/202416"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=202415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=202415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=202415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}