Dublin’s PREM Group targets €30m regional hotel spend

Dublin-based hotel management company PREM Group has a number of properties in its sights, having raised €30m in funding to continue its expansion across Europe.

The group yesterday announced the funding package with Proventus Capital Partners, which it intends to have committed within six months.

The country’s major towns and cities are expected to be the focus of its expansion here although the Dublin market is not of interest given the lack of value on offer, said company chief executive Jim Murphy.