The hotel has been bought from receivers Grant Thornton via Savills for about €5m by the Phillips Hotel Group.
Phillips spokesperson Vincent O’Farrell, who also has his own hospitality investments, has confirmed they will continue its management and staffing under the Tifco Group, and will look at further spending. It was built in the mid-2000s at a cost of €30-40m by developer Bernard McNamara
Hotel general manager Aaron Mansworth said: “[The staff of 80 are] delighted that the new owners have guaranteed the jobs of existing staff, and are not planning any management changes.
“The fact that they are planning investment in the property is also a vote of confidence not just in this excellent product, but in Cork Airport and the fantastic staff we have here.”
The hotel went for sale in June of this year, guiding €4.75m.