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New chef tests at CATEX 2019
The Panel of Chefs of Ireland has launched the new Chef Ireland competitions schedule for CATEX 2019...

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Awards Honour Tourism Achievement
Minister of State for Tourism & Sport, Brendan Griffin TD, launched the Irish Tourism Industry A...

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Your Hotel Book
A book about your hotel can be a unique gift to VIP and corporate guests and an invaluable promotion...

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Ballyroe joins Great National
 
The family owned Ballyroe Heights Hotel in Tralee has joined the Great National Hotel...

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New chef tests at CATEX 2019
Awards Honour Tourism Achievement
Your Hotel Book
Ballyroe joins Great National

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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