FBD Hotels and Resorts acquires €55 million Dublin hotel

Irish and Spanish-based hotels, resorts, and property group FBD Hotels and Resorts (FBDH&R) has reached an agreement to acquire the Grand Hotel in Malahide, Co Dublin, for a sum of approximately €55 million.

The Grand Hotel, which employs over 200 people, dates back to 1835 and has been in the ownership of the seller, the Ryan family, since 1974.

It is a popular destination, conference, and wedding venue.

The agreement, subject to approval by the Competition and Consumer Protection Commission (CCPC), will see the Grand Hotel become the seventh property in FBDH&R’s luxury four-star and four-star superior hotels and resorts portfolio.

FBDH&R currently owns and operates four hotels in Ireland—Faithlegg Hotel, Waterford; the Heritage Hotel and Spa, Laois; Castleknock Hotel, Dublin; and Killashee Hotel, Kildare.