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CATEX Reflects Buoyant Industry
CATEX, Ireland’s largest foodservice and hospitality event, returns to the RDS, Dublin from Tuesday ...

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Fellowship for Brian
Brian Bowler of the Montenotte Hotel, Cork was presented with an IHI Fellowship by Michael Mallon, c...

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Paul's Lifetime Achievement
Paul Boksberger was presented with a Lifetime Achievement Award at the IHI Founders Banquet

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Helen is a Fellow
Helen Fahy, head of quality and culture at The Doyle Collection receives her IHI Fellowship from Mic...

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CATEX Reflects Buoyant Industry
Fellowship for Brian
Paul's Lifetime Achievement
Helen is a Fellow

US fund buys Tifco

US private equity firm Apollo Global Management has agreed to acquire Ireland’s second-largest hotel chain Tifco in a deal said to be worth up to €600 million.
Goldman Sachs-backed Tifco owns 18 hotels and sites for two new hotels in Dublin. Several of the properties operate under the Crowne Plaza and Travelodge brand

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Tifco also manages a number of other high-profile hotels around the State, including Clontarf Castle in Dublin, the Heritage Resort at Killenard, Co Laois, and the Metropole

 in Cork.

The value of the portfolio has not yet been disclosed but is understood to be €500 million-€600 million.
The Competition and Consumer Protection Commission has been notified of the transaction.
 
 

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