Investment at the landmark Silversprings Hotel in Cork by new owners Clayton/Dalata who acquired it two years ago as part of a nine-hotel €445m acquisition from the Moran Group will top €5 million by next year, while the hotel’s €3.2m reworked two-storey Events Centre, ballroom and business meeting rooms reopens from tomorrow.

The purchase by the country’s largest hotel operator Dalata of the Moran Bewley’s Group for €455m is a transformational move that carries a potential share price upside of as much as 42%, according to analysts.

The homeless crisis in Dublin is proving to be lucrative for hotel and other accommodation providers.

INDEPENDENT Irish hotel group Moran Hotels has agreed terms to buy the Bewleys Hotel chain for an undisclosed sum.

THE biggest sum ever paid for an Irish pub, €8.1 million, changed hands at an auction in Dublin yesterday when The Playwright Inn in Blackrock came under the hammer.