FBD Hotels & Resorts has reached agreement to acquire the iconic Grand Hotel in Malaide, in north Co Dublin, for around €55m.
The acquisition – which is subject to competition regulator approval – will boost FBDH&R’s portfolio of hotels to seven.
The portfolio covers Ireland and Spain and already features Faithlegg Hotel, in Co Waterford; Killashee Hotel in Naas, Co Kildare; The Heritage, in Co Laois; Castleknock Hotel in Dublin; and the Spanish properties of Sunset Beach Club and La Cala, which are both located on the Costa del Sol.
The Grand Hotel Malahide has been owned by the Ryan family since 1974. It currently employs more than 200 people. The actual building dates back to 1835. Nowadays, it is a popular destination, conference and wedding venue.
FBDH&R plans to upgrade the Grand Hotel’s 202-bedroom, bar & dining, events, leisure, marketing, training and IT offering.
David Kelly, FBDH&R chief executive, said: “We are honoured to be entrusted with the stewardship of this iconic hotel.”
He said the hotel’s rich heritage and enduring legacy have made it a symbol of excellence in hospitality.
“The Ryan family and 200 strong team at the Grand have done an excellent job in preserving the timeless charm and traditions that have made it a venue of choice for many over the decades. We look forward to adding to this storied history. Our team has a proven track record in welcoming new colleagues and investing in opportunities for growth. Underpinned by a strong balance sheet, innovative team, and forward-focussed ownership, we look forward to further adding to the Grand Hotel as a treasured destination in the decades ahead,” Mr Kelly added.
Commenting, the Ryan family said: “The Ryan family is proud to have been part of the remarkable history of this iconic hotel, which has stood as a beacon of hospitality and tradition for so many years. We extend our heartfelt gratitude to our loyal guests and dedicated team who have made this journey unforgettable. As we pass the torch to new ownership, we do so with confidence, knowing that the buyer’s vision, values, and record aligns with the legacy we have carefully nurtured. This transition marks an exciting new chapter for the hotel, offering new opportunities to be embraced and new dynamics for current and future customers to experience.”
