Malone snaps up Strand Hotel

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.

Mr Malone – who acquired Humewood Castle two years ago – has now spent up to €150m on Irish hotels, and may not be finished yet. Waterford Castle, perhaps, given a penchant for castle and hotel purchases?

The Strand Hotel has reportedly been bought for over €20m, via joint agents Savills and CBRE, after being offered to the open market in September, guiding €17m.