IRISH Golf Resorts are expected to move to more than 45 million euros.
Nashville-based AJ Capital Partners, whose investors include a number of major sports stars from the worlds of PGA golf and American football, owns 40 hotels in the US and, more recently, in the UK: It just got a silent deal for an unconfirmed one Stg £ 40m + on
Slieve Donard, which is adjacent to the Royal County Down Championship Links golf course.
Slive Donard owned the Northern Irish Hastings Hotel for half a century, which in this case was targeted and put up for sale by Adventurous Journeys (AJ) Capital Partners.
The company has already acquired six British hotels in the past three years and can now expect to train its eye south of the border, says real estate agent Paul Collins, Head of Hotels at CBRE Ireland, who works for Hastings Hotels on this off-off was. Market agreement with Arthur Cox and PwC.
It is the largest hotel offering in the north in a while and one of the largest ever outside of Dublin on the island of Ireland.
CBRE’s Mr Collins said AJ Capital operates two hotel brands, the Graduate, founded by prestigious universities such as Oxford and Cambridge, and Marine & Lawn Hotels & Resorts, which are linked to prestigious golf destinations, with current hotels in the home of golf , in Scotland’s St Andrew’s, North Berwick and Troon.
He described the Slieve Donard Resort and Spa as “a trophy and the largest hotel in Northern Ireland outside of Belfast”.
Some of the biggest hotel offerings outside of Dublin in recent years have been associated with golf courses such as Fota, Castlmartyr and Doonbeg in Clare, while other Irish trophies such as Killarney Hotels, others in Leinster and palace complexes with parks and golf courses nearby might also grab the attention of the town attract a Nashville-based advertising chain.
AJ Capital Partners CEO and Founder Ben Weprin said it was an honor to welcome Slieve Donard Resort & Spa to their Marine & Lawn collection, saying, “It is a tremendous responsibility and honor that to be the next steward of this timeless fortune.
“The Hastings family has held this award for nearly 50 years and we plan to continue the tradition and spirit of this iconic property and combine it with our existing assets to create a collection unparalleled in the golf world.”