Mount Juliet’s new owners to spend €4m on upgrading hotel’s facilities

The new owners of the luxury Mount Juliet resort, in Co Kilkenny, are set to spend an estimated €4m on expanding its facilities over the next 18 months.

It was confirmed yesterday that the Killeen Group — the holding company for the Mahony family’s business interests — has sold the resort to a partnership comprising Dublin-based property-focused private equity firm, Brehon Capital and entrepreneur, Emmet O’Neill, who founded the Smiles Dental clinic chain.

The transaction fee has not been disclosed, but it is believed to be around €15m.