US billionaire John Malone taps €9.3m gain on value of InterContinental hotel

US billionaire John Malone last year booked a €9.34m gain on the value of his new five-star InterContinental hotel in Ballsbridge, Dublin.

Mr Malone has built up considerable media business interests in Ireland, as well as a property portfolio of hotels, recently adding the Spencer, Morgan and Beacon hotels to his growing holdings, which also include the Westin Hotel, the Hilton Dublin, and the Trinity City hotel.

He is also behind Liberty Global — the international cable and television production giant which has a stock market value of $28.8bn (€26.4bn).