The founder of fast-food chain Supermac’s has bought the Charleville Park Hotel in North Cork with a view to a €1m upgrade.
The 'Irish Examiner' reports that Pat McDonagh bought the hotel in a move which, he said, would safeguard more than 100 jobs in the town.
It becomes the third hotel to have been bought by the businessman in recent times, following the purchase of the Castletroy Park Hotel in Limerick and the Lough Rea Hotel and Spa in Co Galway.
A spokesperson said the hotel had been in receivership and that the sale took almost a year to complete.
The four-star hotel has 91 rooms and five executive suites, as well as a conference centre and 25m swimming pool.