iNua buys €7.25m hotel

Privately owned property investment firm iNua Hospitality has expanded its hotel portfolio with the €7.25m purchase of the four-star Hibernian Hotel in Kilkenny.

The deal boosts iNua’s asset portfolio to four properties, following its purchases of the Radisson Blu hotels in Cork and Limerick in 2014 and the acquisition of the Muckross Park Hotel in Killarney at the turn of the year.

The investment vehicle was established in 2012, with a remit to purchase and invest in four- or five-star properties, chiefly outside of the Greater Dublin area.