120 jobs secured at Breaffy House
More than 100 jobs have been secured after an asset management firm stepped in to buy the well-known Breaffy House Resort in Co Mayo.
Set on 90 acres of parkland, the hotel outside Castlebar employs 120 full and part-time people on the property.
It has been acquired by Irish firm Great National Asset Management (GN Asset Management) for an undisclosed sum. However, when it was put up for sale last October, it was guided at €2.9m.
The resort, which boasts a total of 230 bedrooms in two hotels, a leisure club and spa and a large indoor sports arena, will be renamed the Great National Breaffy Resort.
GN Asset Management plans a significant investment in the resort, with refurbishment set to begin immediately. The Great National Hotels and Resorts brand already includes 35 hotels, including 12 in the UK and 23 in Ireland.
The Breaffy resort includes 106 bedrooms in the Breaffy House Hotel, which dates back to 1890, while the resort's leisure centre has around 1,300 members.
The other hotel on the resort, the Breaffy Woods Hotel, was built in 2006 and has 128 bedrooms. James Sullivan, the chief executive of GN Asset Management, said he was conscious that the hotel is a big employer in the area.
"We do not take this responsibility lightly and we pledge to support local and regional employment and business over the coming years," he said, thanking the staff.
"The location, support and welcome from the local business community in Castlebar has been key to our decision to purchase," he added.
The resort went into receivership in January 2011 after a number of cancellations that winter. The receiver was appointed by Bank of Scotland (Ireland) after a request by Michael Lynch, the founder of the Lynch Hotel Group. The Lynch group owned the Breaffy resort.