Irish investors sell hotel for €200m

THE Four Seasons Hotel in Milan, which is owned by Irish investors, has been sold for around €200 million.

The hotel was owned by Quinlan Private, the investment vehicle run by Derek Quinlan on behalf of some of Ireland’s richest individuals.

According to Quinlan Private, the price paid sets a world record. The €200m price tag works out at nearly €1.7 million for each of the hotels 118 luxurious rooms.