The €20m sale of Limerick city’s four-star Strand Hotel has gone through to US billionaire John Malone: he adds it to his other Irish hotel investments, such as Dublin’s Hilton Hotel, the Westin and the Trinity City Hotel.

A TOP and profitable Limerick city hotel comes for sale this week guiding €17 million, less than half of its development cost, estimated to have been c €40 million.

The Irish-owned Lalco Hotel Group has made its third property acquisition in conjunction with US billionaire businessman, John Malone, via the purchase of Dublin’s five-star Westin Hotel.