Irish hotel operator Cliste Hospitality has acquired Springfield Hotel in Leixlip, Co Kildare, Ireland, The Irish Times has reported.
Following the deal, the 58-bedroom property will become a part of Cliste’s portfolio at the end of this month.
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Cliste presently operates 11 hotels across Ireland under its brand, the iNua Collection. Among these hotels include the Tullamore Court Hotel, Muckross Park Hotel & Spa in Killarney and The Kilkenny Hibernian Hotel.
The divestment amount for the Springfield Hotel has not been divulged by the selling agent CBRE.
According to the media outlet, which drew information from market sources, the deal garnered around €7m or €120,689 per key.
The acquisition of the hotel brings an end to the five-decade ownership of the Hannigan family.
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By GlobalDataThe existing employees of the hotel will continue to remain with the business.
Springfield Hotel was acquired by the late Paddy Hannigan and his wife Marie in 1973. It was then a ten-bedroom property.
The Hannigan family continued to expand the hotel to make it a 58-guest-bedroom property with extensive dining and conference facilities.
The hotel’s Anna Liffey Suite can accommodate 300 people in theatre-style and 220 in banquet-style.
Located within the greater Dublin area, the hotel also features Season’s Restaurant, which has the capacity to accommodate 126 people, and Patrick’s Bar.
The Springfield Hotel is a 20-minute drive from Dublin Airport through the M4, M50 and M1 motorways.
Cliste Hospitality co-founder and director Sean O’Driscoll was quoted by the publication as saying: “We are looking forward to becoming part of the community in Leixlip and continuing the proud legacy of the Hannigan family.
“There is a very experienced long-serving team at the hotel and Cliste Hospitality are looking forward to working with them to continue to deliver great service to the many loyal customers of the Springfield Hotel”.
CBRE’s hotels division director John Hughes said: “The acquisition of Springfield Hotel Leixlip by one of Ireland’s leading hotel groups is a vote of confidence in the sector. The hotel benefits from a strong business base that includes the global Leixlip-based Intel and a long-established loyal customer base developed by the Hannigan family over many years. It will be business as usual for the Springfield Hotel when Cliste Hospitality takes over at the end of April.”
