CONSORTIUM OF INVESTORS ACQUIRES SAVOY HOTEL, LIMERICK

A consortium of investors has acquired the Savoy Hotel in Limerick, southwest Ireland, along with 84 residential apartments and six retail units, for more than €17 million. The 94-room, purpose-built hotel, which first opened in 2007 as the Limerick Marriott, was put on the market in June. The consortium of buyers is said to include Ronan Brannigan & Michael Roche, who currently manage the five-star hotel.

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