MHL AND O'REILLY ACQUIRE GALWAY’S RADISSON BLU FROM NAMA

MHL Hotel Collection and hotelier and developer Jerry O’Reilly have formed a partnership to purchase the Radisson Blu Hotel & Spa, Galway in Ireland for an estimated €50 million (€192,000 per room). The 261-room hotel, which enjoys views of Lough Atalia in the west coast city of Galway, was part of a €600 million portfolio of loans placed on the market by Ireland’s National Asset Management Agency earlier this year. The hotel will continue to be operated by The Rezidor Hotel Group. The deal brings the number of hotels across Ireland owned by MHL to 13.

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