THREE DUBLIN HOTELS SOLD

Fitzpatrick Lifestyle Hotels has been acquired by three businessmen (John Malone, John Lally and Paul Higgins) for more than €150 million (roughly €385,600 per room). The Fitzpatrick portfolio comprises the 121-room Morgan Hotel, the 88-room Beacon Hotel and the 180-room Spencer Hotel, all in Dublin, Ireland. The hotels will continue to operate under their existing brands and operating agreements. Malone, Lally and Higgins also own the Westin and InterContinental hotels in Dublin alongside properties in Galway and Limerick.

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